N-CSR 1 d60302dncsr.htm HARTFORD MUTUAL FUNDS INC/CT HARTFORD MUTUAL FUNDS INC/CT

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM N-CSR

 

 

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number: 811-07589

 

 

THE HARTFORD MUTUAL FUNDS, INC.

(Exact name of registrant as specified in charter)

 

 

690 Lee Road, Wayne, Pennsylvania 19087

(Address of Principal Executive Offices) (Zip Code)

 

 

Thomas R. Phillips, Esquire

Hartford Funds Management Company, LLC

690 Lee Road

Wayne, Pennsylvania 19087

(Name and Address of Agent for Service)

 

 

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

Date of fiscal year end: October 31

Date of reporting period: October 31, 2020

 

 

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

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

 

 

 


Item 1. Reports to Stockholders.

 


LOGO

Hartford FUNDS OUR BENCHMARK IS THE INVESTOR®. Hartford Domestic Equity Funds Annual Report October 31, 2020 The Hartford Capital Appreciation Fund Hartford Core Equity Fund The Hartford Dividend and Growth Fund The Hartford Equity Income Fund The Hartford Growth Opportunities Fund The Hartford Healthcare Fund The Hartford MidCap Fund The Hartford MidCap Value Fund Hartford Quality Value Fund The Hartford Small Cap Growth Fund Hartford Small Cap Value Fund The Hartford Small Company Fund Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of each Fund’s shareholder reports like this one will no longer be sent by mail, unless you specifically request paper copies of the reports from the Fund or from your financial intermediary, such as a broker-dealer or bank. Instead, the reports will be made available on the Funds’ website (hartfordfunds.com). You will be notified by mail each time a report is posted and provided with a website link to access the report. You may at any time elect to receive paper copies of all shareholder reports free of charge by contacting your financial intermediary or, if you invest directly with a Fund, by calling 1-888-843-7824. Your election to receive reports in paper will apply to all Hartford Funds held in your account if you invest through your financial intermediary or directly with a Fund. If you previously elected to receive shareholder reports and other communications electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications electronically anytime by contacting your financial intermediary.


LOGO

A MESSAGE FROM THE PRESIDENT

Dear Shareholders:

Thank you for investing in Hartford Mutual Funds. The following is the Funds’ Annual Report covering the period from November 1, 2019 through October 31, 2020.

Market Review

During the 12 months ended October 31, 2020, U.S. stocks, as measured by the S&P 500 Index,1 gained 9.71% – an impressive number, to be sure, but one that doesn’t

 

begin to capture the drama of a pandemic-driven roller-coaster ride that has plunged the world into economic depths not seen since the Great Recession.

The period began with record-low unemployment, positive stock performances, and an optimistic global growth outlook. In late 2019, for example, months of trade tensions between the U.S. and China appeared to be eased by an initial agreement on tariff and trade reforms. The so-called “Phase One” deal, coupled with progress on resolving issues surrounding the U.K.’s withdrawal from the EU and a new United States-Mexico-Canada Agreement signed in January, 2020, brought calm to markets and seemed to set the stage for a strong 2020.

Instead, the novel coronavirus (COVID-19) pandemic erupted in late January and helped trigger a global recession. As world leaders grappled with the “new normal” of social distancing measures, business closures, and other mitigation efforts, many investors headed for the exits in March, 2020, bringing the longest bull market in U.S. economic history to an abrupt end. By mid-April, the U.S. unemployment rate had surged to 14.7%.

Late April 2020 brought a surprising recovery in U.S. markets, largely in response to an unprecedented economic rescue effort from central banks, including the U.S. Federal Reserve (Fed), which reduced interest rates to near zero and pledged trillions in U.S. securities purchases.

On the fiscal side, the U.S. government unveiled a series of aggressive policy initiatives, including passage of the $2 trillion CARES Act in late March, 2020. The combined fiscal and monetary support provided a lifeline to many businesses large and small, helping to reduce the nation’s unemployment rate in September, 2020, to 7.9% – still alarmingly high compared with the record-low 3.5% in February.

By the period’s end, the U.S. had reached another grim milestone of more than 230,000 coronavirus deaths. As fall cases surged, a new round of lockdowns and restrictions on economic activity, particularly in Europe, were widely adopted; however, Congress deadlocked over providing further economic stimulus. A late-period market selloff triggered by worsening virus numbers reminded investors of the potential for further economic uncertainty ahead. In addition, a contentious U.S. presidential campaign divided the nation.

As we continue to endure spikes in COVID-19 cases while awaiting the regulatory approvals and distribution of a safe and effective vaccine, uncertainty remains. In these unprecedented times, it’s more important than ever to maintain a strong relationship with your financial professional.

Thank you again for investing in Hartford Mutual Funds. For the most up-to-date information on our funds, please take advantage of all the resources available at hartfordfunds.com.

 

LOGO

James Davey

President

Hartford Funds

 

1 

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

 

The index is unmanaged and not available for direct investment. Past performance does not guarantee future results.


Hartford Domestic Equity Funds

Table of Contents

 

Fund Overview (Unaudited)

     2  

Benchmark Glossary (Unaudited)

     39  

Expense Examples (Unaudited)

     40  

Financial Statements:

  

Schedules of Investments:

  

The Hartford Capital Appreciation Fund

     43  

Hartford Core Equity Fund

     48  

The Hartford Dividend and Growth Fund

     51  

The Hartford Equity Income Fund

     53  

The Hartford Growth Opportunities Fund

     55  

The Hartford Healthcare Fund

     58  

The Hartford MidCap Fund

     60  

The Hartford MidCap Value Fund

     63  

Hartford Quality Value Fund

     65  

The Hartford Small Cap Growth Fund

     67  

Hartford Small Cap Value Fund

     70  

The Hartford Small Company Fund

     72  

Glossary

     75  

Statements of Assets and Liabilities

     76  

Statements of Operations

     82  

Statements of Changes in Net Assets

     85  

Financial Highlights

     91  

Notes to Financial Statements

     104  

Report of Independent Registered Public Accounting Firm

     131  

Operation of the Liquidity Risk Management Program (Unaudited)

    
132
 

Directors and Officers (Unaudited)

     133  

How to Obtain a Copy of each Fund’s Proxy Voting Policies and Voting Records (Unaudited)

     136  

Quarterly Portfolio Holdings Information (Unaudited)

     136  

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

     137  

Supplemental Proxy Information (Unaudited)

     144  

The views expressed in each Fund’s Manager Discussion contained in the Fund Overview section are views of that Fund’s portfolio manager(s) through the end of the period and are subject to change based on market and other conditions, and we disclaim any responsibility to update the views contained herein. These views may contain statements that are “forward-looking” statements. Actual results may differ materially from those projected in the “forward-looking” statements. Each Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable. Holdings and characteristics are subject to change. Fund performance reflected in each Fund’s Manager Discussion reflects the returns of such Fund’s Class A shares, before sales charges. Returns for such Fund’s other classes differ only to the extent that the classes do not have the same expenses.


The Hartford Capital Appreciation Fund

Fund Overview

October 31, 2020 (Unaudited)

 

 

 

Inception 07/22/1996

Sub-advised by Wellington Management Company LLP

  Investment objective – The Fund seeks growth of capital.

LOGO

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.

 

Average Annual Total Returns

for the Periods Ending 10/31/2020

 

     

1 Year

    

5 Years

    

10 Years

 

Class A1

     8.62%        9.63%        10.43%  

Class A2

     2.65%        8.40%        9.81%  

Class C1

     7.78%        8.83%        9.63%  

Class C3

     6.78%        8.83%        9.63%  

Class I1

     8.94%        9.95%        10.76%  

Class R31

     8.25%        9.27%        10.09%  

Class R41

     8.59%        9.61%        10.43%  

Class R51

     8.93%        9.94%        10.76%  

Class R61

     9.03%        10.05%        10.86%  

Class Y1

     8.97%        10.02%        10.86%  

Class F1

     9.00%        10.02%        10.79%  

Russell 3000 Index

     10.15%        11.48%        12.80%  

S&P 500 Index

     9.71%        11.71%        13.01%  

 

1 

Without sales charge

2 

Reflects maximum sales charge of 5.50%

3 

Reflects a contingent deferred sales charge of 1.00%

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Class R6 shares commenced operations on 11/07/2014. Performance prior to that date is that of the Fund’s Class Y shares. Class F shares commenced operations on 02/28/2017. Performance prior to that date is that of the Fund’s Class I shares.

To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

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

 

Operating Expenses*    Gross      Net  

Class A

     1.08%        1.08%  

Class C

     1.84%        1.84%  

Class I

     0.80%        0.80%  

Class R3

     1.43%        1.43%  

Class R4

     1.12%        1.12%  

Class R5

     0.81%        0.81%  

Class R6

     0.71%        0.71%  

Class Y

     0.82%        0.77%  

Class F

     0.71%        0.71%  

 

*

Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual fee waivers or expense reimbursement arrangements. Net expenses reflect such arrangements only with respect to Class Y. These arrangements remain in effect until 02/28/2021 unless the Fund’s Board of Directors approves an earlier termination. Expenses shown include acquired fund fees and expenses. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020.

 

 

 

  2  

 


The Hartford Capital Appreciation Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

Portfolio Managers

Gregg R. Thomas, CFA

Senior Managing Director and Director, Investment Strategy

Wellington Management Company LLP

Thomas S. Simon, CFA, FRM

Senior Managing Director and Portfolio Manager

Wellington Management Company LLP

 

 

 

Manager Discussion

How did the Fund perform during the period?

The Class A shares of The Hartford Capital Appreciation Fund returned 8.62%, before sales charges, for the twelve-month period ended October 31, 2020, underperforming the Fund’s benchmarks, the Russell 3000 Index, which returned 10.15% for the same period, and the S&P 500 Index, which returned 9.71% for the same period. For the same period, the Class A shares of the Fund, before sales charges, outperformed the 5.35% average return of the Lipper Multi-Cap Core Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

United States (U.S.) equities, as measured by the S&P 500 Index, posted positive results over the trailing twelve-month period ending October 31, 2020. Waning recession fears, improved trade sentiment, and accommodative U.S. Federal Reserve (Fed) policy benefited U.S. markets toward the end of 2019. In the first quarter of 2020, U.S. equities fell sharply after achieving record highs in February 2020, as the coronavirus spread rapidly throughout the country, causing unprecedented market disruptions and financial damage, and heightening fears of a severe economic downturn. Volatility surged to extreme levels, and the S&P 500 Index suffered its fastest-ever decline into a bear market. The unprecedented scale of the fiscal and monetary stimulus implemented by Congress and the Fed in response to the pandemic was the most influential driver of the market’s rebound in the second quarter of 2020. Momentum continued into the third quarter of 2020 with substantial monetary support from the Fed, a broadening U.S. economic recovery, better-than-expected corporate earnings, and promising trials for coronavirus vaccines. However, the path to a sustainable economic recovery was clouded by concerns about a resurgence in coronavirus infections in many parts of the country, an undetermined timeline for vaccines, high unemployment, elevated debt burdens, and uncertainty about additional fiscal stimulus.

Returns varied by market cap during the period, as large-cap equities, as measured by the S&P 500 Index, outperformed both mid- and small-cap equities, as measured by the S&P MidCap 400 Index and Russell 2000 Index, respectively.

Six of the eleven sectors in the Russell 3000 Index posted positive returns during the period. Strong performers included the Information Technology (+34.8%), Consumer Discretionary (+30.8%), and Communication Services (+16.2%) sectors. The Energy (-46.1%), Real Estate (-15.8%), and Financials (-15.2%) sectors fell the most during the period.

During the period, the Fund underperformed the Russell 3000 Index primarily due to weak stock selection within the Consumer Discretionary, Consumer Staples, and Financials sectors. Conversely, stronger selection within the Communication Services, Healthcare, and Information Technology sectors contributed positively to relative returns during the period. Sector allocation, a result of bottom-up stock selection, was positive during the period primarily due to the Fund’s underweight exposure to the Energy and Financials sectors in addition to an overweight to the Consumer Discretionary sector. An underweight to the Information Technology sector, as well as an overweight to the Industrials sector, relative to the Russell 3000 Index, detracted from performance.

Underweight exposures relative to the Russell 3000 Index to Apple (Information Technology), Microsoft (Information Technology), and Tesla (Consumer Discretionary) were the top detractors from Fund performance during the period. Apple designs, manufactures, and sells personal computers, tablets, wearables, and a variety of related services. Shares of Apple moved higher during the period. The company also announced that it would be participating in a 4-for-1 stock split during the period. As of the end of the period, we continued to hold the stock within the Fund but remained underweight relative to the Russell 3000 Index. Microsoft engages in the development and support of software, services, devices, and solutions. The company emerged from the coronavirus pandemic as a strong performer with stay-at-home and remote-work related businesses (Teams, Gaming, virtual desktop) gaining traction and performing well. The company’s stock continued to move higher during the period before giving back some gains after it was announced that the company’s bid for video-sharing site TikTok was not accepted. As of the end of the period, we remained underweight the stock within the Fund relative to the Russell 3000 Index. Tesla engages in the design, development, manufacture, and sale of fully electric vehicles, energy generation and storage systems. Shares of the company moved higher during the period as the company reported its fourth consecutive quarter of profitability, which many viewed as the last hurdle towards Tesla’s inclusion into the S&P 500 Index given its market cap. The stock did not make it into the S&P 500 Index, and shares dipped on the news. Towards the end of the period, the company held its Battery Day where it provided guidance in line with expectations, highlighted by expectations for a drop in battery costs, as well as plans for a $25,000 car within the next three years. We initiated a small position in the stock during the period, which we subsequently sold later in the period as we sought to capitalize on strength while pursuing other opportunities that we believe provide better risk and return profiles.

Aramark (Consumer Discretionary), Expedia (Consumer Discretionary), and Diamondback Energy (Energy) were among the largest detractors from performance on an absolute basis over the period.

 

 

 

  3  

 


The Hartford Capital Appreciation Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

Top contributors to performance relative to the Russell 3000 Index included not holding benchmark constituent ExxonMobil (Energy) as well as the Fund’s positions in DraftKings (Consumer Discretionary) and Peloton Interactive (Consumer Discretionary). ExxonMobil engages in the exploration, development, and distribution of oil, gas, and petroleum products. Energy-related companies were adversely affected by failed negotiations between Saudi Arabia and Russia regarding production cuts amid a strong decrease in demand as coronavirus-related shelter-in-place orders limited travel globally. The Energy sector broadly was the worst-performing sector within the Russell 3000 Index during the period. Not owning the stock contributed positively to relative performance and as of the end of the period, we continued to not hold it. DraftKings is a digital sports entertainment and gaming company. The company took an unconventional route to the public markets by combining with a special purpose acquisition company (SPAC), typically referred to as a blank-check company, thus enabling the company to trade publicly without going through the initial public offering (IPO) process in April. Following its listing, the stock price has risen as sports betting revenue continued to rise following the resumption of live games across major sports leagues. Shares of the company gave up some gains late in the period after the company announced a secondary offering of shares. As of the end of the period, we continued to hold shares of DraftKings within the Fund. Peloton Interactive is an at-home fitness platform for live and on-demand indoor cycling. The company reported strong quarterly results at the beginning of 2020 with subscribers and revenues reported above expectations, but earnings guidance was revised slightly lower. As the coronavirus pandemic forced lockdown measures that included gyms and fitness studios, the company saw a large uptick in demand for its at-home offerings with subscriber growth and member engagement both trending upward. This led to consecutive quarters of outperformance relative to analyst expectations, driving the stock price higher during the period. As of the end of the period, the Fund remained overweight in the stock.

Amazon.com (Consumer Discretionary), Apple (Information Technology), and NVIDIA (Information Technology) contributed positively to performance on an absolute basis over the period.

The Fund’s investment process includes the use of factor-based strategies, which involve targeting certain company characteristics, or factors, that we believe impact returns across asset classes. Factor impact on the Fund was positive. The Fund’s slight underweight exposure to dividend paying equities and overweight exposure to names with higher liquidity contributed positively to performance, while the Fund’s slight underweight exposure to high momentum equities detracted from performance.

During the period, the Fund, at times, used equity index futures to equitize cash or efficiently manage risks. During the period, the use of equity index futures contributed slightly to performance.

What is the outlook as of the end of the period?

Macroeconomic uncertainty remains at the forefront as U.S. equity markets continue their rebound amid optimism from accommodative policy and strong earnings from index leaders, while a second wave of coronavirus infections unfolds in some states. Persistent market uncertainties – such as the outcome of the U.S. presidential election and the unknown efficacy and timeline for a coronavirus vaccine – cause us to believe that the range of potential economic outcomes is wide and

that current investor exuberance may not be long-lasting. Against this backdrop, we remain vigilant in balancing factor exposures in the Fund to seek to reduce the impact of factor volatility and help ensure that security selection drives results.

Looking across the factor landscape, we continue to monitor the risks facing equity factors amid ongoing market volatility. In 2020, trend-following factors (e.g., growth and momentum) have extended their outperformance over most other areas of the market. However, we believe valuations are stretched, and the primary risk we are monitoring is a momentum reversal, which we believe would be damaging to equities that are levered to the ongoing market rebound. For example, we have seen the outperformance of megacap technology companies dominate markets. While this streak seems set to continue, a momentum reversal could be a technical risk for these names, while any shift in the regulatory landscape could present a more fundamental risk. As of the end of the period, we maintained the Fund’s exposure to companies characterized by mean-reversion factors (e.g., value and contrarian), as we expect them to provide capital appreciation during economic recovery and in the event of a cyclical rally. That said, we are monitoring the risks these factors are exposed to, in particular the risk of insolvency in the event of a drawn-out economic slowdown. In our view, stocks that screen well for risk-aversion factors (e.g., low volatility and quality) tend to have protective characteristics such as stable profit margins and sustainable cash flows. Therefore, we see these exposures as a potential source of safety in the event of a traditional move to assets perceived to be less risky, but we are aware that they may lag the market during a strong rally. Finally, we believe that the market has not fully priced in the heightened risk that some companies become insolvent due to a prolonged economic slowdown while other companies that are able to pivot and adapt are likely to come out on top. We expect this to lead to a dispersion in equity results.

At the end of the period, the Fund’s largest overweights were to the Consumer Discretionary and Consumer Staples sectors, while the Fund’s largest underweights were to the Information Technology and Communication Services sectors, relative to the Russell 3000 Index.

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. The Fund’s strategy for allocating assets among portfolio management teams may not work as intended. Mid-cap securities can have greater risks and volatility than large-cap securities. Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. These risks are generally greater for investments in emerging markets. The Fund’s focus on investments in particular sectors may increase its volatility and risk of loss if adverse developments occur.

 

 

 

  4  

 


The Hartford Capital Appreciation Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

Composition by Sector(1)

as of 10/31/2020

 

Sector    Percentage of
Net Assets
 

Equity Securities

 

Communication Services

     6.8

Consumer Discretionary

     17.9  

Consumer Staples

     10.9  

Energy

     0.2  

Financials

     7.9  

Health Care

     16.2  

Industrials

     12.2  

Information Technology

     19.0  

Materials

     3.1  

Real Estate

     3.8  

Utilities

     0.4  
  

 

 

 

Total

     98.4
  

 

 

 

Short-Term Investments

     1.4  

Other Assets & Liabilities

     0.2  
  

 

 

 

Total

     100.0
  

 

 

 

 

(1) 

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

    

 

 

 

  5  

 


Hartford Core Equity Fund

Fund Overview

October 31, 2020 (Unaudited)

 

 

 

Inception 04/30/1998

Sub-advised by Wellington Management Company LLP

  Investment objective – The Fund seeks growth of capital.

LOGO

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.

 

Average Annual Total Returns

for the Periods Ending 10/31/2020

 

      1 Year      5 Years      10 Years  

Class A1

     10.58%        11.57%        13.67%  

Class A2

     4.50%        10.31%        13.03%  

Class C1

     9.74%        10.74%        12.84%  

Class C3

     8.74%        10.74%        12.84%  

Class I1

     10.87%        11.86%        13.84%  

Class R31

     10.17%        11.19%        13.36%  

Class R41

     10.58%        11.56%        13.73%  

Class R51

     10.85%        11.87%        14.05%  

Class R61

     10.96%        11.96%        14.12%  

Class Y1

     10.89%        11.92%        14.10%  

Class F1

     10.97%        11.94%        13.88%  

S&P 500 Index

     9.71%        11.71%        13.01%  

 

1 

Without sales charge

2 

Reflects maximum sales charge of 5.50%

3 

Reflects a contingent deferred sales charge of 1.00%

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Class I shares commenced operations on 03/31/2015. Performance prior to that date is that of the Fund’s Class A shares (excluding sales charges). Class R6 shares commenced operations on 03/31/2015 and performance prior to that date is that of the Fund’s Class Y

shares. Class F shares commenced operations on 02/28/2017. Performance for Class F shares prior to 02/28/2017 reflects the performance of Class I shares from 03/31/2015 through 02/27/2017 and Class A shares (excluding sales charges) prior to 03/31/2015.

To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

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

 

Operating Expenses*    Gross      Net  

Class A

     0.74%        0.74%  

Class C

     1.48%        1.48%  

Class I

     0.47%        0.47%  

Class R3

     1.11%        1.11%  

Class R4

     0.78%        0.78%  

Class R5

     0.49%        0.49%  

Class R6

     0.39%        0.39%  

Class Y

     0.49%        0.46%  

Class F

     0.39%        0.39%  

 

*

Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual fee waivers or expense reimbursement arrangements. Net expenses reflect such arrangements only with respect to Class Y. These arrangements remain in effect until 02/28/2021 unless the Fund’s Board of Directors approves an earlier termination. Expenses shown include acquired fund fees and expenses. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020.

 

 

 

  6  

 


Hartford Core Equity Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

Portfolio Managers

Mammen Chally, CFA

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

Douglas W. McLane, CFA

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

David A. Siegle, CFA

Managing Director and Equity Research Analyst

Wellington Management Company LLP

 

 

 

Manager Discussion

How did the Fund perform during the period?

The Class A shares of the Hartford Core Equity Fund returned 10.58%, before sales charges, for the twelve-month period ended October 31, 2020, outperforming the Fund’s benchmark, the S&P 500 Index, which returned 9.71% for the same period. For the same period, the Class A shares of the Fund, before sales charges, also outperformed the 8.39% average return of the Lipper Large-Cap Core Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

United States (U.S.) equities, as measured by the S&P 500 Index, posted positive results over the trailing twelve-month period ending October 31, 2020. Waning recession fears, improved trade sentiment, and accommodative U.S. Federal Reserve (Fed) policy benefited U.S. markets toward the end of 2019. In the first quarter of 2020, U.S. equities fell sharply after achieving record highs in February 2020, as the coronavirus spread rapidly throughout the country, causing unprecedented market disruptions and financial damage, and heightening fears of a severe economic downturn. The U.S. had approximately 188,000 confirmed cases of the coronavirus at the end of March 2020, surpassing all other countries. Volatility surged to extreme levels, and the S&P 500 Index suffered its fastest-ever decline into a bear market. The unprecedented scale of the fiscal and monetary stimulus implemented by Congress and the Fed in response to the pandemic was the most influential driver of the market’s rebound in the second quarter of 2020. Momentum continued into the third quarter of 2020 with substantial monetary support from the Fed, a broadening U.S. economic recovery, better-than-expected corporate earnings, and promising trials for coronavirus vaccines. However, the path to a sustainable economic recovery was clouded by concerns about a resurgence in coronavirus infections in many areas of the country, an undetermined timeline for vaccines, high unemployment, elevated debt burdens, and uncertainty about additional fiscal stimulus.

Returns varied by market cap during the period, as large-cap equities, as measured by the S&P 500 Index, outperformed small-cap and mid-cap equities, as measured by the Russell 2000 Index and S&P MidCap 400 Index, respectively.

Seven out of eleven sectors in the S&P 500 Index rose during the period, with the Information Technology (+34%) and Consumer Discretionary

(+25%) sectors performing the best. The Energy (-46%) and Financials (-15%) sectors were the worst performers during the period.

Overall, the Fund’s outperformance versus the S&P 500 Index during the period was driven by strong security selection, primarily within the Consumer Staples, Healthcare, and Industrials sectors. This was partially offset by weaker stock selection within the Information Technology, Consumer Discretionary, and Financials sectors, which detracted from performance. Sector allocation, a result of the bottom-up stock selection process, also contributed positively to relative performance, primarily driven by the Fund’s underweight to the Energy sector and overweight allocation to the Healthcare sector. This was partially offset by the Fund’s underweight to Information Technology, which detracted from performance.

The top contributors to relative performance over the period were not owning benchmark constituents ExxonMobil (Energy) and Wells Fargo (Financials), as well as an overweight position in FedEx (Industrials). Shares of ExxonMobil fell over the period following weak results and low oil prices as a result of the coronavirus. Exxon missed second-quarter 2020 earnings expectations after reporting a loss north of $1 billion, revenue of $32.6 billion that was $6 billion less than consensus, and a 10% quarter-over-quarter cut in production as the coronavirus pandemic pressured demand for the company’s products. Not owning the stock was a contributor to relative performance over the period due to its poor performance. Shares of Wells Fargo declined over the period after reporting consecutive disappointing quarterly results. In July 2020, the company announced it set aside a record $9.5 billion for credit losses. Executives warned they would earmark more for soured loans as the coronavirus pandemic continued to rage throughout the U.S. and weigh on companies and workers. Falling yields have also negatively affected the bank. Not owning the stock was also a contributor to relative performance over the period due to poor performance. Shares of delivery services company, FedEx, rose over the period after the company announced two consecutive fiscal quarters of strong earnings as online shopping soared among customers avoiding stores. The company also announced that shipping rates would increase for FedEx Express, FedEx Ground, and FedEx Freights in January 2021. During the period, we initiated a position in the company for the Fund. Top absolute contributors included Apple (Information Technology) and Amazon.com (Consumer Discretionary).

The top detractors from the Fund’s relative performance over the period included not owning benchmark constituent, Nvidia (Information

 

 

 

  7  

 


Hartford Core Equity Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

Technology), an overweight position in Boston Properties (Real Estate), and an underweight position in Apple (Information Technology). U.S. chip maker Nvidia reported consecutive better-than-expected quarterly fiscal earnings. Overall revenue rose 50% on an annualized basis in the second quarter of 2020. Nvidia also announced its plan to purchase Arm from Softbank for $40 billion. Not owning the stock during the period was a detractor from the Fund’s performance due to the stock’s strong performance. Shares of Apple rose during the period after it reported consecutive strong quarterly results. Demand across all the company’s products has exceeded expectations during the period. The company benefited from a strong launch of the iPhone SE and economic stimulus measures. Apple executed a 4-for-1 stock split at the end of August. As of the end of the period, the Fund remains underweight given Apple’s size in the benchmark. Shares of Boston Properties declined over the period. Due to the stay-at-home policies during the period, physical occupancy within the company’s properties has been low. The Fund’s absolute detractors for the period included Boston Properties (Real Estate) and Raytheon (Industrials).

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

What is the outlook as of the end of the period?

In the next few months, we will know a lot more about whether we will have a vaccine and treatment options to reduce the hospitalization and mortality rate for COVID-19. While we can see additional flare-ups, our base case assumption is that we can return to a new normal towards the end of 2021.

Outside of the U.S., there are still parts of the world where the incidence of cases has not stabilized, and in some areas, it does appear that the peak for the pandemic may still be many weeks or even months away. Unfortunately, a lot of uncertainty remains. We are spending more time understanding the possible permanent or semi-permanent changes to behavior, both from a consumer and corporate perspective, and what that might mean for some of the Fund’s holdings. However, it seems too early to come to firm conclusions.

We continue to stay focused on the long term as eventually we will put this health crisis behind us. While we did make some changes within the Fund, we continue to be incremental and mindful of the impact of volatility.

At the end of the period, the Fund’s largest overweight sectors relative to the S&P 500 Index were to the Consumer Staples and Industrials sectors, while the Fund’s largest underweights were to the Consumer Discretionary and Energy sectors, relative to the S&P 500 Index.

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies.

Composition by Sector(1)

as of 10/31/2020

 

Sector    Percentage of
Net Assets
 

Equity Securities

 

Communication Services

     10.3

Consumer Discretionary

     10.1  

Consumer Staples

     9.8  

Energy

     0.7  

Financials

     9.6  

Health Care

     14.3  

Industrials

     8.8  

Information Technology

     26.4  

Materials

     2.0  

Real Estate

     1.8  

Utilities

     3.2  
  

 

 

 

Total

     97.0
  

 

 

 

Short-Term Investments

     1.8  

Other Assets & Liabilities

     1.2  
  

 

 

 

Total

     100.0
  

 

 

 

 

(1) 

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

 

 

 

  8  

 


The Hartford Dividend and Growth Fund

Fund Overview

October 31, 2020 (Unaudited)

 

 

 

Inception 07/22/1996

Sub-advised by Wellington Management Company LLP

  Investment objective – The Fund seeks a high level of current income consistent with growth of capital.

LOGO

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.

 

Average Annual Total Returns

for the Periods Ending 10/31/2020

 

     

1 Year

    

5 Years

    

10 Years

 

Class A1

     -2.20%        8.15%        10.20%  

Class A2

     -7.58%        6.94%        9.58%  

Class C1

     -3.01%        7.33%        9.38%  

Class C3

     -3.95%        7.33%        9.38%  

Class I1

     -1.97%        8.42%        10.47%  

Class R31

     -2.54%        7.78%        9.85%  

Class R41

     -2.26%        8.11%        10.19%  

Class R51

     -1.97%        8.44%        10.52%  

Class R61

     -1.87%        8.53%        10.62%  

Class Y1

     -1.91%        8.51%        10.61%  

Class F1

     -1.89%        8.49%        10.51%  

S&P 500 Index

     9.71%        11.71%        13.01%  

Russell 1000 Value Index

     -7.57%        5.82%        9.48%  

 

1 

Without sales charge

2 

Reflects maximum sales charge of 5.50%

3 

Reflects a contingent deferred sales charge of 1.00%

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Class R6 shares commenced operations on 11/07/2014. Performance prior to that date is that of the Fund’s Class Y shares. Class F shares commenced operations on 02/28/2017. Performance prior to that date is that of the Fund’s Class I shares.

To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

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

 

Operating Expenses*    Gross      Net  

Class A

     1.01%        1.01%  

Class C

     1.78%        1.78%  

Class I

     0.75%        0.75%  

Class R3

     1.37%        1.37%  

Class R4

     1.05%        1.05%  

Class R5

     0.75%        0.75%  

Class R6

     0.66%        0.66%  

Class Y

     0.75%        0.69%  

Class F

     0.65%        0.65%  

 

*

Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual fee waivers or expense reimbursement arrangements. Net expenses reflect such arrangements only with respect to Class Y. These arrangements remain in effect until 02/28/2021 unless the Fund’s Board of Directors approves an earlier termination. Expenses shown include acquired fund fees and expenses. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020.

 

 

 

  9  

 


The Hartford Dividend and Growth Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

Portfolio Managers

Matthew G. Baker

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

Nataliya Kofman

Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

 

 

 

Manager Discussion

How did the Fund perform during the period?

The Class A shares of The Hartford Dividend and Growth Fund returned -2.20%, before sales charges, for the twelve-month period ended October 31, 2020, underperforming one of the Fund’s benchmarks, the S&P 500 Index, which returned 9.71% for the same period, and outperforming the Fund’s other benchmark, the Russell 1000 Value Index, which returned -7.57% for the same period. For the same period, the Class A shares of the Fund, before sales charges, outperformed the -5.44% average return of the Lipper Equity Income Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

United States (U.S.) equities, as measured by the S&P 500 Index, posted positive results over the trailing twelve-month period ending October 31, 2020. Waning recession fears, improved trade sentiment, and accommodative U.S. Federal Reserve (Fed) policy benefited U.S. markets toward the end of 2019. In the first quarter of 2020, U.S. equities fell sharply after achieving record highs in February 2020, as the coronavirus spread rapidly throughout the country, causing unprecedented market disruptions and financial damage, and heightening fears of a severe economic downturn. The U.S. had approximately 188,000 confirmed cases of the coronavirus at the end of March 2020, surpassing all other countries. Volatility surged to extreme levels, and the S&P 500 Index suffered its fastest-ever decline into a bear market. The unprecedented scale of the fiscal and monetary stimulus implemented by Congress and the Fed in response to the pandemic was the most influential driver of the market’s rebound in the second quarter of 2020. Momentum continued into the third quarter of 2020 with substantial monetary support from the Fed, a broadening U.S. economic recovery, better-than-expected corporate earnings, and promising trials for coronavirus vaccines. However, the path to a sustainable economic recovery was clouded by concerns about a resurgence in coronavirus infections in many areas of the country, an undetermined timeline for vaccines, high unemployment, elevated debt burdens, and uncertainty about additional fiscal stimulus.

Returns varied by market cap during the period, as large-cap equities, measured by the S&P 500 Index, outperformed mid- and small-cap equities, as measured by the S&P MidCap 400 Index and Russell 2000 Index, respectively.

Seven out of eleven sectors in the S&P 500 Index rose during the period, with the Information Technology (+34%), Consumer Discretionary (+25%), and Communication Services (+16%) sectors performing the best. The Energy (-46%), Financials (-15%), and Real Estate (-10%) sectors were the worst performers during the period.

Security selection detracted from the Fund’s returns relative to the S&P 500 Index over the period. Stock selection effects were weakest within the Information Technology, Consumer Discretionary, and Communication Services sectors. This was partially offset by stronger selection within the Energy sector, which contributed positively to performance relative to the S&P 500 Index. Sector allocation, a result of the bottom-up stock selection process, detracted from the Fund’s performance relative to the S&P 500 Index over the period. An overweight to the Energy and Financials sectors, as well as an underweight to the Information Technology sector, detracted the most from returns relative to the S&P 500 Index.

The Fund’s top detractors from the Fund’s performance relative to the S&P 500 Index as well as absolute performance included not owning Amazon (Consumer Discretionary), an underweight to Apple (Information Technology), and an overweight to Bank of America (Financials). Not holding S&P 500 Index constituent Amazon (Consumer Discretionary), was a top relative detractor from performance during the period as shares of the company rose during the period. An underweight to Apple (Information Technology) was the other significant relative detractor from performance during the period as shares of Apple rose during the period. During the period, we maintained the Fund’s underweight in the company. Shares of Bank of America fell as coronavirus worries sent Treasury yields lower. Thirty-year U.S. Treasury notes fell to record low yields, and 10-year U.S. Treasury notes fell to levels not seen since 2016, narrowing the spread on the bank’s longer-term assets funded with shorter-term liabilities.

The Fund’s top contributors to performance relative to the S&P 500 Index during the period were ExxonMobil (Energy) and Eli Lilly (Healthcare), both of which were eliminated during the period, and not owning Wells Fargo (Financials). ExxonMobil (Energy) was a top contributor to relative performance during the period, as we exited the position prior to the energy market collapse in March 2020. Eli Lilly (Healthcare) was the other top contributor to relative performance over the period. Shares of Eli Lilly rose after the company reported strong results and news that it was entering into an agreement to develop an experimental therapy to combat coronavirus. We reduced the Fund’s position on the stock’s strong performance late spring and eliminated the position in early June. We benefited from not owning the shares in the Fund later in the period as the company has lagged the strong market rally. Shares of Wells Fargo fell over the period after the chief financial officer predicted higher loan-loss provisions in addition to a sharp drop in interest income for the year.

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

 

 

 

  10  

 


The Hartford Dividend and Growth Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

What is the outlook as of the end of the period?

Although the market continued to climb higher in the third quarter of 2020, we are wrestling with many unknowns in the short term. While large amounts of liquidity have been pumped into the market to try and safeguard consumer spending, we are still facing high rates of unemployment and each day are reminded of the increasing number of coronavirus cases. During these turbulent times, we believe it is best to try to avoid balance sheet risk while seeking to identify mispriced opportunities that can potentially create enormous value on the other side of the pandemic.

In the face of great uncertainty, we remain focused on seeking to invest in companies at reasonable valuations, with attractive long-term free cash flow generation, solid balance sheets, and resilient fundamentals.

At the end of the period, the Fund had its largest overweights in the Financials and Healthcare sectors, and the largest underweights in the Information Technology and Consumer Discretionary sectors, relative to the S&P 500 Index.

We continue to apply our valuation discipline within the Fund to seek to maintain a portfolio of resilient businesses that are reasonably valued and have favorable industry and competitive dynamics.

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. For dividend-paying stocks, dividends are not guaranteed and may decrease without notice. Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments.

Composition by Sector(1)

as of 10/31/2020

 

Sector    Percentage of
Net Assets
 

Equity Securities

 

Communication Services

     9.2

Consumer Discretionary

     6.7  

Consumer Staples

     6.0  

Energy

     3.7  

Financials

     17.2  

Health Care

     15.5  

Industrials

     9.4  

Information Technology

     18.7  

Materials

     4.0  

Real Estate

     2.5  

Utilities

     4.0  
  

 

 

 

Total

     96.9
  

 

 

 

Short-Term Investments

     1.9  

Other Assets & Liabilities

     1.2  
  

 

 

 

Total

     100.0
  

 

 

 

 

(1) 

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

 

 

 

  11  

 


The Hartford Equity Income Fund

Fund Overview

October 31, 2020 (Unaudited)

 

 

 

Inception 08/28/2003

Sub-advised by Wellington Management Company LLP

  Investment objective – The Fund seeks a high level of current income consistent with growth of capital.

LOGO

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.

 

Average Annual Total Returns

for the Periods Ending 10/31/2020

 

     

1 Year

    

5 Years

    

10 Years

 

Class A1

     -4.68%        6.89%        9.94%  

Class A2

     -9.92%        5.69%        9.32%  

Class C1

     -5.38%        6.11%        9.14%  

Class C3

     -6.26%        6.11%        9.14%  

Class I1

     -4.44%        7.16%        10.24%  

Class R31

     -4.97%        6.52%        9.57%  

Class R41

     -4.72%        6.84%        9.90%  

Class R51

     -4.46%        7.15%        10.23%  

Class R61

     -4.34%        7.27%        10.35%  

Class Y1

     -4.40%        7.23%        10.33%  

Class F1

     -4.31%        7.24%        10.28%  

Russell 1000 Value Index

     -7.57%        5.82%        9.48%  

 

1 

Without sales charge

2 

Reflects maximum sales charge of 5.50%

3 

Reflects a contingent deferred sales charge of 1.00%

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Class R6 shares commenced operations on 11/07/2014. Performance prior to that date is that of the Fund’s Class Y shares. Class F shares commenced operations on 02/28/2017. Performance prior to that date is that of the Fund’s Class I shares.

To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

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

 

Operating Expenses*    Gross      Net  

Class A

     1.00%        1.00%  

Class C

     1.76%        1.76%  

Class I

     0.76%        0.76%  

Class R3

     1.36%        1.36%  

Class R4

     1.07%        1.07%  

Class R5

     0.76%        0.76%  

Class R6

     0.66%        0.66%  

Class Y

     0.77%        0.72%  

Class F

     0.66%        0.66%  

 

*

Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual fee waivers or expense reimbursement arrangements. Net expenses reflect such arrangements only with respect to Class Y. These arrangements remain in effect until 02/28/2021 unless the Fund’s Board of Directors approves an earlier termination. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020.

 

 

 

  12  

 


The Hartford Equity Income Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

Portfolio Managers

W. Michael Reckmeyer, III, CFA

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

Adam H. Illfelder, CFA

Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

Matthew C. Hand, CFA

Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

 

 

 

Manager Discussion

How did the Fund perform during the period?

The Class A shares of The Hartford Equity Income Fund returned -4.68%, before sales charges, for the twelve-month period ended October 31, 2020, outperforming the Fund’s benchmark, the Russell 1000 Value Index, which returned -7.57% for the same period. For the same period, the Class A shares of the Fund, before sales charges, also outperformed the -5.44% average return of the Lipper Equity Income Funds peer group, a group of funds with investment strategies similar to that of the Fund.

Why did the Fund perform this way?

United States (U.S.) equities, as measured by the S&P 500 Index, posted positive results over the trailing twelve-month period ending October 31, 2020. Waning recession fears, improved trade sentiment, and accommodative U.S. Federal Reserve (Fed) policy benefited U.S. markets toward the end of 2019. In the first quarter of 2020, U.S. equities fell sharply as the coronavirus spread rapidly throughout the country, causing unprecedented market disruptions and financial damage, and heightening fears of a severe economic downturn. The U.S. had approximately 188,000 confirmed cases of the coronavirus at the end of March 2020, surpassing all other countries. Volatility surged to extreme levels, and the S&P 500 Index suffered its fastest-ever decline into a bear market. The unprecedented scale of the fiscal and monetary stimulus implemented by Congress and the Fed in response to the pandemic was the most influential driver of the market’s rebound in the second quarter of 2020. Momentum continued into the third quarter of 2020 with substantial monetary support from the Fed, a broadening U.S. economic recovery, better-than-expected corporate earnings, and promising trials for coronavirus vaccines. However, the path to a sustainable economic recovery was clouded by concerns about a resurgence in coronavirus infections in many areas of the country, an undetermined timeline for vaccines, high unemployment, elevated debt burdens, and uncertainty about additional fiscal stimulus.

During the period, four out of eleven sectors within the Russell 1000 Value Index posted positive absolute returns, with the Healthcare (+11%), Materials (+9%), and Consumer Staples (+4%) sectors performing the best. Conversely, the Energy (-46%), Real Estate (-22%), and Financials (-18%) sectors lagged over the period.

The Fund’s outperformance relative to the Russell 1000 Value Index was driven by security selection, primarily within the Financials, Real Estate,

and Industrials sectors. This more than offset less favorable selection within the Healthcare, Utilities, and Consumer Staples sectors. Sector allocation, a result of our bottom-up stock selection process, also contributed positively to relative performance due to the Fund’s overweight to the Healthcare sector and underweights to the Real Estate and Financials sectors. This was partially offset by the Fund’s underweight position in the Materials sector.

Top contributors to relative returns included not owning benchmark constituent Wells Fargo (Financials) as well as the Fund’s positions in UnitedHealth Group (Healthcare) and Deere (Industrials). Shares of Well Fargo dropped after the company reported a loss in the second quarter of 2020 driven by large loan loss provisions which more than doubled first-quarter 2020 levels. After falling in the first quarter of 2020 amid the broader market selloff, shares of UnitedHealth Group rebounded on strong second-quarter earnings, with earnings per share (EPS) up 100% year-over-year, beating the consensus expectations by a significant amount. Performance was driven by lower utilization and a significant decline in the medical loss ratio. Shares of Deere rose over the period after the company announced strong third-quarter 2020 results, which exceeded expectations. The agricultural machinery giant increased its sales outlook for the year as demand remained resilient despite the uncertainty related to coronavirus. The company also announced the completion of the acquisition of Unimil, a leading Brazilian company in the aftermarket service parts business.

Top detractors from relative results included Suncor Energy (Energy) and Phillips 66 (Energy), along with not owning benchmark constituent Danaher (Healthcare). Suncor Energy is a Canadian company primarily focused on developing petroleum resource basins. The company’s stock price slid as the company cut its dividend and lowered guidance for full-year production as a result of mandatory curtailments. At the start of September 2020, Suncor lowered guidance again after a fire broke out at their Fort McMurray facility, resulting in the acceleration of proposed maintenance. Shares of Phillips 66 traded lower as earnings fell in the second quarter of 2020, primarily due to a decline in results in the refining segment as margins and volume shrank. The stock continued to trend downward through the rest of the period. Shares of Danaher, a provider of medical equipment, climbed early in 2020 on the announcement of a deal to acquire General Electric’s biopharma unit, putting Danaher at the forefront of biotech equipment makers. Strong earnings and the announced split-off of dental business Envista further benefited the stock.

 

 

 

  13  

 


The Hartford Equity Income Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

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

What is the outlook as of the end of the period?

It is our belief that high-quality businesses with sustainable dividend policies are in an advantageous position to strengthen as they emerge from a downturn – taking market share, or, in some cases, making opportunistic acquisitions at attractive valuations. This is embodied in a quote we often reference: “The strong get stronger in crisis situations.”

To this end, amid the heightened market volatility, we have been exercising patience and, where possible, seeking to swap into higher quality companies at similar valuations. While we believe that the near-term threat of dividend cuts and suspensions has abated relative to earlier in the year, we remain vigilant, seeking to avoid potential dividend cutters and the companies that would be most directly impacted in a prolonged shutdown. In some instances, we have closely monitored the possibility of companies suspending a dividend temporarily as a measure to improve solvency. While this seems prudent in many cases, we prefer to avoid this contingency where possible, and favor companies with strong balance sheets that we believe can endure through the cycle.

At the end of the period, the Healthcare, Consumer Staples, and Industrials sectors represented the Fund’s largest overweights relative to the Russell 1000 Value Index, while the Communication Services, Consumer Discretionary, and Materials sectors were the Fund’s largest underweights.

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. For dividend-paying stocks, dividends are not guaranteed and may decrease without notice. Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. Different investment styles may go in and out favor, which may cause the Fund to underperform the broader stock market. The Fund’s focus on investments in particular sectors may increase its volatility and risk of loss if adverse developments occur.

Composition by Sector(1)

as of 10/31/2020

 

Sector    Percentage of
Net Assets
 

Equity Securities

 

Communication Services

     5.4

Consumer Discretionary

     5.0  

Consumer Staples

     10.7  

Energy

     3.3  

Financials

     18.2  

Health Care

     17.0  

Industrials

     15.0  

Information Technology

     10.7  

Materials

     2.8  

Real Estate

     2.7  

Utilities

     7.6  
  

 

 

 

Total

     98.4
  

 

 

 

Short-Term Investments

     0.7  

Other Assets & Liabilities

     0.9  
  

 

 

 

Total

     100.0
  

 

 

 

 

(1) 

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

 

 

 

  14  

 


The Hartford Growth Opportunities Fund

Fund Overview

October 31, 2020 (Unaudited)

 

 

 

Inception 03/31/1963

Sub-advised by Wellington Management Company LLP

  Investment objective – The Fund seeks capital appreciation.

LOGO

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.

 

Average Annual Total Returns

for the Periods Ending 10/31/2020

 

      1 Year      5 Years      10 Years  

Class A1

     47.77%        18.53%        17.09%  

Class A2

     39.64%        17.20%        16.43%  

Class C1

     46.72%        17.65%        16.24%  

Class C3

     45.72%        17.65%        16.24%  

Class I1

     48.19%        18.83%        17.38%  

Class R31

     47.28%        18.13%        16.73%  

Class R41

     47.74%        18.49%        17.08%  

Class R51

     48.15%        18.84%        17.43%  

Class R61

     48.26%        18.97%        17.54%  

Class Y1

     48.18%        18.93%        17.53%  

Class F1

     48.32%        18.92%        17.43%  

Russell 3000 Growth Index

     28.20%        16.84%        16.00%  

Russell 1000 Growth Index

     29.22%        17.32%        16.31%  

 

1 

Without sales charge

2 

Reflects maximum sales charge of 5.50%

3

Reflects a contingent deferred sales charge of 1.00%

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Class R6 shares commenced operations on 11/07/2014. Performance prior to that date is that of the Fund’s Class Y shares. Class F shares commenced operations on 02/28/2017. Performance prior to that date is that of the Fund’s Class I shares.

To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

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

 

Operating Expenses*    Gross      Net  

Class A

     1.13%        1.13%  

Class C

     1.88%        1.88%  

Class I

     0.86%        0.86%  

Class R3

     1.48%        1.48%  

Class R4

     1.17%        1.17%  

Class R5

     0.87%        0.87%  

Class R6

     0.76%        0.76%  

Class Y

     0.86%        0.80%  

Class F

     0.76%        0.76%  

 

*

Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual fee waivers or expense reimbursement arrangements. Net expenses reflect such arrangements only with respect to Class Y. These arrangements remain in effect until 02/28/2021 unless the Fund’s Board of Directors approves an earlier termination. Expenses shown include acquired fund fees and expenses. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020.

 

 

 

  15  

 


The Hartford Growth Opportunities Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

Portfolio Managers

Stephen Mortimer

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

Mario E. Abularach, CFA, CMT

Senior Managing Director and Equity Research Analyst

Wellington Management Company LLP

 

 

 

Manager Discussion

How did the Fund perform during the period?

The Class A shares of The Hartford Growth Opportunities Fund returned 47.77%, before sales charges, for the twelve-month period ended October 31, 2020, outperforming the Fund’s benchmarks, the Russell 3000 Growth Index, which returned 28.20% for the same period and the Russell 1000 Growth Index, which returned 29.22% for the same period. For the same period, the Class A shares of the Fund, before sales charges, outperformed the 27.08% average return of the Lipper Multi-Cap Growth Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

United States (U.S.) equities, as measured by the S&P 500 Index, posted positive results over the trailing twelve-month period ending October 31, 2020. Mid-cap growth equities outperformed the broader market during this period. In the first quarter of 2020, U.S. equities fell sharply as the coronavirus spread rapidly throughout the country, causing unprecedented market disruptions and financial damage, and heightening fears of a severe economic downturn. Many states adopted extraordinary measures to fight the contagion, while companies shuttered stores and production, withdrew earnings guidance, and drew down credit lines at a record pace as borrowing costs soared. Volatility surged to extreme levels, and the S&P 500 Index suffered its fastest-ever decline into a bear market. The unprecedented scale of fiscal and monetary stimulus implemented by Congress and the U.S. Federal Reserve (Fed) in response to the pandemic drove the market’s rebound in the second quarter of 2020. Momentum carried into the third quarter of 2020, bolstered by substantial monetary support from the Fed, a broadening U.S. economic recovery and promising trials for coronavirus vaccines. However, the path to sustainable economic recovery was clouded by concerns about a resurgence in coronavirus infections around the country, an undetermined timeline for vaccines, high unemployment, elevated debt burdens, and uncertainty about additional fiscal stimulus.

Eight out of eleven sectors in the Russell 3000 Growth Index rose during the period, with the Consumer Discretionary (+43%), Information Technology (+42%), and Communication Services (+32%) sectors performing the best. Conversely, the Energy (-32%) and Utilities (-10%) sectors lagged on a relative basis during the period.

Security selection contributed positively to the Fund’s performance relative to the Russell 3000 Growth Index during the period, with strong selection in the Information Technology, Healthcare and Industrials sectors, which was partially offset by weaker selection within the Financials and Consumer Discretionary sectors. Sector allocation, a

result of our bottom-up stock selection process, also contributed positively to performance relative to the Russell 3000 Growth Index during the period, due to an overweight to the Consumer Discretionary sector and lack of exposure to the Real Estate sector. This was partially offset by the negative impact of an underweight to the Information Technology sector, which detracted from performance.

Top contributors to performance relative to the Russell 3000 Growth Index during the period included Peloton (Consumer Discretionary), Square (Information Technology), and Advanced Micro Devices (Information Technology). Shares of Peloton, an exercise equipment and media company, rose over the period as the company has continued to see strong earnings reports throughout the coronavirus pandemic. Gym closures and continued fears of coronavirus have led to increased confidence in the theme of people being more open to working out at home as consumers look for alternatives to gyms. We increased the Fund’s position during the period. Shares of Square, a mobile payments provider, rose during the period. The company has seen strong earnings through the coronavirus pandemic. Its peer-to-peer Cash App helped drive Square’s performance, benefiting from its users depositing government stimulus checks. Unemployment checks and tax refunds have provided an additional boost for the app as well. Shares of Advanced Micro Devices, a semiconductor company, rose over the period after the Trump administration announced a phase one trade deal with China, removing a big obstacle for the company. The company also cited better-than-expected personal computer (PC) sales in the second half of the year, along with continued data-center growth and an increase in gaming console sales. The company has further benefited from Intel’s delay of its 7nm processors. Amazon (Consumer Discretionary) and Apple (information technology) were among the top absolute contributors during the period.

Top relative detractors from performance relative to the Russell 3000 Growth Index during the period included Pinterest (Communication Services), Microsoft (Information Technology), and Galapagos (Healthcare). Pinterest saw strong user growth in late 2019; however, the majority of new users came from international countries where users generate less revenue than those in the U.S. We eliminated the position within the Fund during the period. The Fund’s lack of exposure to Microsoft detracted from performance. Shares of Microsoft rose over the period on continued strong earnings reports and strengthened core offerings, such as the Azure cloud-computing business and Teams collaboration software which benefited from the work-from-home orders. Shares of Galapagos declined after the U.S. Food and Drug Administration (FDA) issued a complete response letter for filgotinib, a treatment for moderate to severe rheumatoid arthritis being developed in partnership with Gilead Sciences. A complete response letter is issued when the FDA has completed its review of a drug and has decided that it

 

 

 

  16  

 


The Hartford Growth Opportunities Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

will not approve it for marketing in its current form. American Express (Financials) and Marriott Vacations (Consumer Discretionary) were among the top absolute detractors during the period.

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

What is the outlook as of the end of the period?

Following a nearly 30% rebound in the Russell 3000 Growth Index in the second quarter of 2020 driven by cyclical sectors, U.S. equities continued on a positive trajectory in the third quarter of 2020. Investors largely remained risk tolerant despite coronavirus continuing to affect large portions of the U.S., slowing the economic recovery and perpetuating market uncertainty. Cyclical sectors such as Consumer Discretionary and Information Technology led in the third quarter of 2020.

In terms of positioning, we continue to strive for more balance in the Fund by investing in different types of “growth” companies – an effort that we began in the second quarter of 2020 as we trimmed the Fund’s positions in companies that have performed well during the coronavirus pandemic and subsequent lockdown restrictions, and deployed some of that capital into more cyclical growth names. Given the uncertainty of the current environment, we believe a barbell approach between cyclical growth versus emerging and compounding growth names may help us control risk in a down market if we see another severe wave of the virus that will slow the recovery, which may also allow us to participate on the upside if the market continues to anticipate a full reopening. Part of our barbell strategy is to find some companies who have been hurt by the pandemic that we believe should emerge stronger coming out of this crisis, such as off-price retailers. Among those companies that have performed well during the pandemic, we see them falling into two camps: those growth equities which can build on their accelerated growth going forward, and those which will likely revert to the mean. Importantly, we are evaluating how possible permanent or semi-permanent changes in consumer behavior will impact companies. The paradigm shifts going on now, whether sustainable or not, are extraordinary and non-linear, in our view, and we believe we need to be more flexible than ever before when analyzing this new world.

At the end of the period, the Fund’s largest overweights relative to the Russell 3000 Growth Index were the Consumer Discretionary and Healthcare sectors. The Fund had the largest underweights to the Information Technology and Communication Services sectors.

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. Mid-cap securities can have greater risks and volatility than large-cap securities. Different investment styles may go in and out favor, which may cause the Fund to underperform the broader stock market. The Fund’s focus on investments in particular sectors may increase its volatility and risk of loss if adverse developments occur. Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments.

Composition by Sector(1)

as of 10/31/2020

 

Sector    Percentage of
Net Assets
 

Equity Securities

 

Communication Services

     8.4

Consumer Discretionary

     27.8  

Consumer Staples

     2.9  

Financials

     1.2  

Health Care

     17.5  

Industrials

     5.6  

Information Technology

     33.8  

Real Estate

     0.1  
  

 

 

 

Total

     97.3
  

 

 

 

Short-Term Investments

     2.1  

Other Assets & Liabilities

     0.6  
  

 

 

 

Total

     100.0
  

 

 

 

 

(1) 

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

 

 

 

  17  

 


The Hartford Healthcare Fund

Fund Overview

October 31, 2020 (Unaudited)

 

 

 

Inception 05/01/2000

Sub-advised by Wellington Management Company LLP

  Investment objective – The Fund seeks long-term capital appreciation.

LOGO

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.

 

Average Annual Total Returns

for the Periods Ending 10/31/2020

 

     

1 Year

    

5 Years

    

10 Years

 

Class A1

     22.17%        10.17%        16.03%  

Class A2

     15.45%        8.94%        15.37%  

Class C1

     21.21%        9.35%        15.18%  

Class C3

     20.21%        9.35%        15.18%  

Class I1

     22.49%        10.47%        16.36%  

Class R31

     21.74%        9.82%        15.70%  

Class R41

     22.12%        10.15%        16.05%  

Class R51

     22.48%        10.48%        16.40%  

Class R61

     22.61%        10.58%        16.50%  

Class Y1

     22.55%        10.57%        16.49%  

Class F1

     22.59%        10.55%        16.41%  

S&P Composite 1500 Health Care Index

     10.83%        9.84%        15.07%  

S&P 500 Index

     9.71%        11.71%        13.01%  

 

1 

Without sales charge

2 

Reflects maximum sales charge of 5.50%

3 

Reflects a contingent deferred sales charge of 1.00%

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Class F shares commenced operations on 02/28/2017. Performance prior to that date is that of the Fund’s Class I shares. Class R6 shares commenced operations on 02/28/2019. Performance prior to that date is that of the Fund’s Class Y shares.

To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

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

 

Operating Expenses*    Gross      Net  

Class A

     1.31%        1.31%  

Class C

     2.06%        2.06%  

Class I

     1.02%        1.02%  

Class R3

     1.63%        1.63%  

Class R4

     1.33%        1.33%  

Class R5

     1.03%        1.03%  

Class R6

     0.92%        0.92%  

Class Y

     1.03%        0.97%  

Class F

     0.92%        0.92%  

 

*

Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual fee waivers or expense reimbursement arrangements. Net expenses reflect such arrangements only with respect to Class Y. These arrangements remain in effect until 02/28/2021 unless the Fund’s Board of Directors approves an earlier termination. Expenses shown include acquired fund fees and expenses. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020.

 

 

 

  18  

 


The Hartford Healthcare Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

Portfolio Managers

Jean M. Hynes, CFA*

Senior Managing Director and Global Industry Analyst

Wellington Management Company LLP

Ann C. Gallo

Senior Managing Director and Global Industry Analyst

Wellington Management Company LLP

Robert L. Deresiewicz

Senior Managing Director and Global Industry Analyst

Wellington Management Company LLP

Rebecca D. Sykes

Senior Managing Director and Global Industry Analyst

Wellington Management Company LLP

* Effective June 30, 2021, Ms. Hynes will no longer serve as a portfolio manager to the Fund. Through June 30, 2021, Ms. Hynes will transition her portfolio management responsibilities to Ms. Sykes.

 

 

 

Manager Discussion

How did the Fund perform during the period?

The Class A shares of The Hartford Healthcare Fund returned 22.17%, before sales charges, for the twelve-month period ended October 31, 2020, outperforming the Fund’s benchmarks, the S&P Composite 1500 Health Care Index, which returned 10.83% for the same period, and the S&P 500 Index, which returned 9.71% for the same period. For the same period, the Class A shares of the Fund, before sales charges, also outperformed the 21.51% average return of the Lipper Global Health and Biotechnology peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

Healthcare equities (+10.1%) outperformed both the broader United States (U.S.) equity market (+9.7%) and the global equity market (+5.4%) during the period, as measured by the S&P 500 Healthcare Index, S&P 500 Index, and MSCI ACWI Index, respectively.

Within the S&P Composite 1500 Health Care Index, four of the five sub-sectors posted positive absolute returns during the period. Mid-cap biopharma (+24.3%), medical technology (+17.6%), healthcare services (+12.0%) and large-cap biopharma (+4.0%) rose during the period. Small-cap biopharma (-17.1%) posted a negative absolute return during the period.

Security selection was the primary contributor to the Fund’s performance relative to the S&P Composite 1500 Health Care Index during the period, while sector allocation detracted from relative returns. Security selection was strongest in small-cap and mid-cap biopharma sub-sectors during the period. Within sector allocation, which is a byproduct of our bottom-up stock selection process, an overweight allocation to small-cap biopharma detracted most from relative performance during the period.

Forty Seven (small-cap biopharma), Momenta Pharmaceuticals (mid-cap biopharma), and MyoKardia (mid-cap biopharma) contributed positively to results relative to the S&P Composite 1500 Health Care Index over the period due to positive acquisition announcements. In March, Forty

Seven, a U.S.-based development-stage targeted oncology company, announced an agreement in which Gilead Sciences would acquire Forty Seven for $4.9 billion, a 60% premium to the stock’s closing price as of the end of February 2020. Shares of Momenta Pharmaceuticals, a U.S.-based biopharmaceutical company focused on developing drugs and biosimilars for cancer and autoimmune diseases, rose sharply in August 2020 after the company announced it had been acquired by Johnson & Johnson for approximately $6.5 billion in cash, which is approximately a 70% premium over the stock’s prior closing price. Shares of MyoKardia, a U.S.-based precision cardiovascular medicine company, soared in October 2020 on the announcement that Bristol Myers Squibb will acquire the pharmaceutical firm for $13.1 billion. We eliminated the above positions within the Fund during the period to take profits. Top absolute contributors to performance included Forty Seven, Thermo Fisher Scientific, and Momenta Pharmaceuticals.

Tricida (small-cap biopharma), Boston Scientific (medical technology), and Portola Pharmaceuticals (small-cap biopharma) were the top detractors from performance relative to the S&P Composite 1500 Health Care Index over the period. Shares of Tricida, a clinical-stage biopharma company that is focused on treatment of metabolic acidosis, declined during the period. Notable declines occurred most recently after the U.S. Food and Drug Administration (FDA) issued a Complete Response Letter (CRL) to the company regarding its new drug application for veverimer, a treatment for metabolic acidosis in patients with chronic kidney disease. Boston Scientific, a U.S.-based medical device company, was one of the first large healthcare companies to forecast a negative sales impact to Chinese operations from coronavirus. While coronavirus spread throughout Europe and the U.S., shares slid further as investors anticipated additional business disruption. Portola Pharmaceuticals is a U.S.-based biopharmaceutical company focused on the treatment of blood-related disorders and cancers. The stock was down after the company reported disappointing results for the fourth quarter of 2019 involving a recently launched drug, Andexxa, the only FDA and European Medicines Agency approved reversal agent for serious bleeds associated with the use of novel oral anti-coagulants. The company later announced an agreement to be acquired by Alexion for

 

 

 

  19  

 


The Hartford Healthcare Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

$18 per share in an all cash transaction, which closed during the third quarter of 2020. As a result, we sold the stock to redeploy capital into opportunities with greater upside potential in our view. Boston Scientific, Tricida, and Portola Pharmaceuticals were also the top absolute detractors from performance.

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

What is the outlook as of the end of the period?

We expect the human and economic impact of coronavirus to remain challenging, but remain optimistic there will be a number of therapies to treat symptomatic patients and to offer prophylaxis against the virus, perhaps for certain high-risk parts of the population, as early as year end. We are encouraged by the initial clinical data for the Regeneron antibody cocktail, which reduced the viral load and shortened the time to symptomatic relief in the outpatient setting. As for vaccines, we are cautiously optimistic that one or more will be proven effective at reducing infection rates and will be approved, as well as deployed starting in late 2020 and into 2021.

The biopharmaceutical industry has come together to respond to this pandemic by spending research and development (R&D) dollars to develop treatments and vaccines for coronavirus, while seeking minimal profits. We expect the financial benefit of successful treatments to be modest and short-term for the companies developing them, yet we anticipate the goodwill will create a halo effect for the industry. The pandemic has resulted in budgetary shortfalls for governments and health systems around the world, and we expect the industry will be asked to contribute to these budget gaps. We are not expecting major shifts in how healthcare is delivered or reimbursed as a result of the pandemic but will be watching closely for unanticipated consequences in the future.

In selecting stocks for the Fund, we favor companies that develop innovative products designed to address important unmet medical needs. Over the long term, we believe the benefits of innovation, an aging population, and the globalization of demand for cutting-edge Western-style medicines are likely to continue to drive growth of the sector.

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. • Risks of focusing investments on the healthcare related sector include regulatory and legal developments, patent considerations, intense competitive pressures, rapid technological changes, potential product obsolescence, and liquidity risk.  Small- and mid-cap securities can have greater risks and volatility than large-cap securities.  Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. These risks may be greater for investments in emerging markets.

Composition by Subsector(1)

as of 10/31/2020

 

Subsector    Percentage of
Net Assets
 

Equity Securities

 

Biotechnology

     22.0

Diversified Telecommunication Services

     0.1  

Health Care Equipment & Supplies

     24.5  

Health Care Providers & Services

     17.1  

Health Care Technology

  

Life Sciences Tools & Services

     12.2  

Pharmaceuticals

     23.5  
  

 

 

 

Total

     99.4
  

 

 

 

Short-Term Investments

     2.1  

Other Assets & Liabilities

     (1.5
  

 

 

 

Total

     100.0
  

 

 

 

 

(1) 

For Fund compliance purposes, the Fund may not use the same classification system. These subsector classifications are used for financial reporting purposes.

 

 

 

  20  

 


The Hartford MidCap Fund

Fund Overview

October 31, 2020 (Unaudited)

 

 

 

Inception 12/31/1997

Sub-advised by Wellington Management Company LLP

  Investment objective – The Fund seeks long-term growth of capital.

LOGO

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.

 

Average Annual Total Returns

for the Periods Ending 10/31/2020

 

     

1 Year

    

5 Years

    

10 Years

 

Class A1

     6.48%        10.17%        12.13%  

Class A2

     0.62%        8.93%        11.50%  

Class C1

     5.63%        9.35%        11.31%  

Class C3

     4.66%        9.35%        11.31%  

Class I1

     6.74%        10.44%        12.41%  

Class R31

     6.09%        9.80%        11.78%  

Class R41

     6.42%        10.14%        12.12%  

Class R51

     6.77%        10.47%        12.46%  

Class R61

     6.85%        10.58%        12.57%  

Class Y1

     6.81%        10.55%        12.56%  

Class F1

     6.85%        10.52%        12.45%  

S&P MidCap 400 Index

     -1.15%        7.39%        10.36%  

 

1 

Without sales charge

2 

Reflects maximum sales charge of 5.50%

3 

Reflects a contingent deferred sales charge of 1.00%

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Class R6 shares commenced operations on 11/07/2014. Performance prior to that date is that of the Fund’s Class Y shares. Class F shares commenced operations on 02/28/2017. Performance for Class F shares prior to 02/28/2017 reflects the performance of Class I shares.

To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

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

 

Operating Expenses*    Gross      Net  

Class A

     1.11%        1.11%  

Class C

     1.87%        1.87%  

Class I

     0.85%        0.85%  

Class R3

     1.45%        1.45%  

Class R4

     1.16%        1.16%  

Class R5

     0.85%        0.85%  

Class R6

     0.75%        0.75%  

Class Y

     0.85%        0.79%  

Class F

     0.75%        0.75%  

 

*

Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual fee waivers or expense reimbursement arrangements. Net expenses reflect such arrangements only with respect to Classes I and Y and in instances when they reduce gross expenses. These arrangements remain in effect until 02/28/2021 unless the Fund’s Board of Directors approves an earlier termination. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020.

 

 

 

  21  

 


The Hartford MidCap Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

Portfolio Managers

Philip W. Ruedi, CFA

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

Mark A. Whitaker, CFA

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

 

 

 

Manager Discussion

How did the Fund perform during the period?

The Class A shares of The Hartford MidCap Fund returned 6.48%, before sales charges, for the twelve-month period ended October 31, 2020, outperforming the Fund’s benchmark, the S&P MidCap 400 Index, which returned -1.15% for the same period. For the same period, the Class A shares of the Fund, before sales charges, underperformed the 23.61% average return of the Lipper MidCap Growth Funds peer group, a group of funds with investment strategies similar to that of the Fund.

Why did the Fund perform this way?

United States (U.S.) equities, as measured by the S&P 500 Index, posted positive results over the trailing twelve-month period ending October 31, 2020. Mid-cap growth equities outperformed the broader market during this period. In the first quarter of 2020, U.S. equities ended sharply lower as the coronavirus spread rapidly throughout the country, causing unprecedented market disruptions and financial damage, and heightening fears of a severe economic downturn. Many states adopted extraordinary measures to fight the contagion, while companies shuttered stores and production, withdrew earnings guidance, and drew down credit lines at a record pace as borrowing costs soared. Volatility surged to extreme levels, and the S&P 500 Index suffered its fastest ever decline into a bear market. The unprecedented scale of fiscal and monetary stimulus implemented by Congress and the U.S. Federal Reserve (Fed) in response to the pandemic drove the market’s rebound in the second quarter of 2020. Momentum carried into the third quarter of 2020 bolstered by substantial monetary support from the Fed, a broadening U.S. economic recovery and promising trials for coronavirus vaccines. However, the path to sustainable economic recovery was clouded by concerns about a resurgence in coronavirus infections around the country, an undetermined timeline for vaccines, high unemployment, elevated debt burdens, and uncertainty about additional fiscal stimulus.

Returns varied by market cap during the period, as large-cap equities, as measured by the S&P 500 Index, outperformed small- and mid-cap equities, as measured by the Russell 2000 Index and S&P MidCap 400 Index, respectively.

Within the S&P MidCap 400 Index, five of the eleven sectors posted positive returns during the period. The Healthcare (+26%), Consumer Staples (+14%), and Information Technology (+13%) sectors performed the best, while the Energy (-45%), Real Estate (-28%) and Utilities (-22%) sectors lagged.

The Fund outperformed the S&P MidCap 400 Index during the period primarily because of positive sector allocation, a result of our bottom up

stock selection process. This was primarily due to an overweight allocation to the Healthcare sector and an underweight to the Real Estate sector. This was partially offset by an overweight to the Communication Services sector and an underweight to the Consumer Discretionary sector, which detracted from performance. Security selection also contributed positively to the Fund’s outperformance relative to the S&P MidCap 400 Index during the period. Selection effects were particularly strong within the Industrials, Real Estate, and Consumer Discretionary sectors. This was partially offset by weak selection in the Healthcare, Information Technology, and Consumer Staples sectors, which detracted from performance during the period.

Top contributors to relative performance during the period included Wayfair (Consumer Discretionary), Redfin (Real Estate), and Etsy (Consumer Discretionary). Shares of Wayfair rose over the period. The company has reported strong demand across the home and goods categories as stay-at-home mandates have led to an increase in online shopping. We eliminated the Fund’s position during the period. Shares of Redfin, a real estate brokerage, rose over the period as the company has seen increased homebuying demand throughout the coronavirus pandemic as people pursue the suburbs and more affordable cities with the increase in remote work. Shares of Etsy rose over the period after the company positioned the platform as a leading supplier of homemade cloth masks. The handmade crafts e-commerce platform’s sharp spike in customer acquisitions has increased brand awareness and opportunities for customer retention during the coronavirus pandemic.

Top relative detractors from the Fund’s relative performance included WEX (Information Technology), Reata Pharmaceutical (Healthcare), and Teradata (Information Technology). Shares of WEX, a provider of fuel payment processing for fleet vehicles, fell during the period as coronavirus-related lockdowns drove declines in fuel transactions, payment processing, as well as travel and corporate solutions purchases. The company did not provide fiscal 2020 guidance due to uncertainties caused by the ongoing pandemic. Shares of Reata Pharmaceutical declined over the period after the company announced that its filing of a U.S. marketing application for omaveloxolone, a treatment for Friedreich’s ataxia, would be delayed indefinitely if the U.S. Food and Drug Administration requires a second pivotal study. Shares of Teradata, a database and analytics-related software provider, fell during the period after the company cut its full-year adjusted earnings outlook in late 2019. Furthermore, the company’s chief executive officer and chief revenue officer both left the company during the period.

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

 

 

 

  22  

 


The Hartford MidCap Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

What is the outlook as of the end of the period?

The high-growth and large-cap leadership that has dominated the market showed signs of weakness towards the end of the period. We continue to seek to build a diversified portfolio of blue-chip, market-leading mid-cap companies.

Given the performance dispersion across sectors in 2020, we anticipate continuing to explore opportunities in areas of the market that have largely underperformed, such as banks, as well as utilities and real estate companies. We also view the space of home health companies as attractive given the challenges nursing facilities face during the coronavirus crisis and a likely trend towards home health services. Moving forward, we continue to examine what the world may look like during a post-coronavirus economic recovery and the trends that may result.

At the end of the period, the Fund’s largest overweights were in the Information Technology and Healthcare sectors. The Fund had the largest underweights to the Consumer Discretionary, Real Estate and Financials sectors.

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. Mid-cap securities can have greater risks and volatility than large-cap securities. The Fund’s focus on investments in particular sectors may increase its volatility and risk of loss if adverse developments occur.

Composition by Sector(1)

as of 10/31/2020

 

Sector    Percentage of
Net Assets
 

Equity Securities

 

Communication Services

     4.4

Consumer Discretionary

     10.1  

Consumer Staples

     1.9  

Energy

     0.5  

Financials

     10.5  

Health Care

     18.2  

Industrials

     16.5  

Information Technology

     28.1  

Materials

     2.6  

Real Estate

     4.8  

Utilities

     2.5  
  

 

 

 

Total

     100.1
  

 

 

 

Short-Term Investments

     0.7  

Other Assets & Liabilities

     (0.8
  

 

 

 

Total

     100.0
  

 

 

 

 

(1) 

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

 

 

 

  23  

 


The Hartford MidCap Value Fund

Fund Overview

October 31, 2020 (Unaudited)

 

 

 

Inception 04/30/2001

Sub-advised by Wellington Management Company LLP

  Investment objective – The Fund seeks long-term capital appreciation.

LOGO

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.

 

Average Annual Total Returns

for the Periods Ending 10/31/2020

 

     

1 Year

    

5 Years

    

10 Years

 

Class A1

     -12.86%        2.37%        7.26%  

Class A2

     -17.65%        1.22%        6.65%  

Class C1

     -13.55%        1.62%        6.48%  

Class C3

     -14.39%        1.62%        6.48%  

Class I1

     -12.58%        2.66%        7.59%  

Class R31

     -13.12%        2.07%        6.97%  

Class R41

     -12.88%        2.39%        7.31%  

Class R51

     -12.60%        2.69%        7.63%  

Class Y1

     -12.55%        2.77%        7.72%  

Class F1

     -12.51%        2.76%        7.65%  

Russell Midcap Value Index

     -6.94%        5.32%        9.40%  

 

1 

Without sales charge

2 

Reflects maximum sales charge of 5.50%

3 

Reflects a contingent deferred sales charge of 1.00%

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Class F shares commenced operations on 02/28/2017. Performance for Class F shares prior to 02/28/2017 reflects the performance of Class I shares.

To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

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

 

Operating Expenses*    Gross      Net  

Class A

     1.23%        1.23%  

Class C

     2.00%        2.00%  

Class I

     0.90%        0.90%  

Class R3

     1.52%        1.52%  

Class R4

     1.21%        1.21%  

Class R5

     0.92%        0.92%  

Class Y

     0.91%        0.87%  

Class F

     0.80%        0.80%  

 

*

Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual fee waivers or expense reimbursement arrangements. Net expenses reflect such arrangements only with respect to Class Y. These arrangements remain in effect until 02/28/2021 unless the Fund’s Board of Directors approves an earlier termination. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020.

 

 

 

  24  

 


The Hartford MidCap Value Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

Portfolio Manager

Gregory J. Garabedian

Senior Managing Director and Equity Research Analyst

Wellington Management Company LLP

 

 

 

Manager Discussion

How did the Fund perform during the period?

The Class A shares of The Hartford MidCap Value Fund returned -12.86%, before sales charges, for the twelve-month period ended October 31, 2020, underperforming the Fund’s benchmark, the Russell Midcap Value Index, which returned -6.94% for the same period. For the same period, the Class A shares of the Fund, before sales charges, also underperformed the -2.51% average return of the Lipper MidCap Core Fund peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

United States (U.S.) equities, as measured by the S&P 500 Index, posted positive results over the trailing twelve-month period ending October 31, 2020. Waning recession fears, improved trade sentiment, and accommodative U.S. Federal Reserve (Fed) policy benefited U.S. markets toward the end of 2019. In the first quarter of 2020, U.S. equities fell sharply as the coronavirus spread rapidly throughout the country, causing unprecedented market disruptions and financial damage, and heightening fears of a severe economic downturn. The U.S. had approximately 188,000 confirmed cases of the coronavirus at the end of March 2020, surpassing all other countries. Volatility surged to extreme levels, and the S&P 500 Index suffered its fastest-ever decline into a bear market. The unprecedented scale of the fiscal and monetary stimulus implemented by Congress and the Fed in response to the pandemic was the most influential driver of the market’s rebound in the second quarter of 2020. Momentum continued into the third quarter of 2020 with substantial monetary support from the Fed, a broadening U.S. economic recovery, better-than-expected corporate earnings, and promising trials for coronavirus vaccines. However, the path to a sustainable economic recovery was clouded by concerns about a resurgence in coronavirus infections in many areas of the country, an undetermined timeline for vaccines, high unemployment, elevated debt burdens, and uncertainty about additional fiscal stimulus.

Returns varied by market cap, as large-cap equities, as measured by the S&P 500 Index, outperformed mid- and small-cap equities, as measured by the S&P MidCap 400 Index and Russell 2000 Index, respectively. Returns within the mid-cap space varied by style, as the Russell Midcap Growth Index outperformed the Russell Midcap Value Index.

Six of the eleven sectors in the Russell Midcap Value Index gained during the period, with the Healthcare (+19%), Materials (+15%), and Information Technology (+7%) sectors performing the best, while the Energy (-45%), Real Estate (-26%), and Financials (-15%) sectors lagged during the period.

The Fund’s underperformance versus the Russell Midcap Value Index over the twelve-month period was driven primarily by security selection. Security selection within the Energy, Materials, and Industrials sectors was a top detractor from performance, but was partially offset by

favorable selection in the Real Estate, Healthcare, and Financials sectors. Sector allocation, a result of the bottom-up stock selection process, added to relative performance during the period, in part due to overweights to the Healthcare and Information Technology sectors. Underweights to the Consumer Staples and Utilities sectors weighed on performance during the period.

Top detractors from the Fund’s performance relative to the Russell Midcap Value Index during the period included Diamondback Energy (Energy), Delek, (Energy), and Noble Energy (Energy). Shares of these oil and gas producing companies came under pressure during the past year due to a decrease in crude oil and natural gas prices amid decreasing demand stemming from the coronavirus pandemic. Top absolute detractors from Fund performance were Boston Properties (Real Estate), Diamondback Energy (Energy), and STORE Capital (Real Estate).

Top contributors to the Fund’s relative performance over the period included overweights to Molina Healthcare (Healthcare), Lumentum (Information Technology), and Fortune Brands (Industrials). Shares of Molina Healthcare rose during the period after reporting solid earnings as the Medicaid and Medicare business segments continued to show strong growth. Healthcare equities also rose as investors increasingly viewed a strict “Medicare-for-All” healthcare policy as less likely going forward. Shares of Lumentum rose during the period after the company reported consecutive quarterly earnings that topped estimates. Shares of Fortune Brands rose over the period after the company reported second quarter 2020 earnings that exceeded expectations. These results were led by increased home improvement demand. Top absolute contributors to the Fund’s performance were Molina Healthcare (Healthcare), Hologic (Healthcare), and Lumentum (Information Technology).

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

What is the outlook as of the end of the period?

While we expect continued volatility in the near term, we continue to focus on seeking to find companies that are undervalued in the marketplace by evaluating three primary criteria: an issuer’s earnings power, growth potential and price-to-earnings ratio.

At the end of the period, the Fund’s largest overweights relative to the Russell Midcap Value Index were to the Financials, Healthcare and Information Technology sectors. The Fund’s largest underweights were in the Energy, Communication Services, and Utilities sectors.

 

 

 

  25  

 


The Hartford MidCap Value Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. Mid-cap securities can have greater risks and volatility than large-cap securities. Different investment styles may go in and out favor, which may cause the Fund to underperform the broader stock market. Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. The Fund’s focus on investments in particular sectors may increase its volatility and risk of loss if adverse developments occur.

Composition by Sector(1)

as of 10/31/2020

 

Sector    Percentage of
Net Assets
 

Equity Securities

 

Communication Services

     1.8

Consumer Discretionary

     10.5  

Consumer Staples

     3.5  

Energy

     1.8  

Financials

     21.0  

Health Care

     11.6  

Industrials

     16.5  

Information Technology

     11.2  

Materials

     8.0  

Real Estate

     8.6  

Utilities

     4.9  
  

 

 

 

Total

     99.4
  

 

 

 

Short-Term Investments

     0.2  

Other Assets & Liabilities

     0.4  
  

 

 

 

Total

     100.0
  

 

 

 

 

(1) 

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

    

 

 

 

  26  

 


Hartford Quality Value Fund

Fund Overview

October 31, 2020 (Unaudited)

 

 

 

Inception 01/02/1996

Sub-advised by Wellington Management Company LLP

  Investment objective – The Fund seeks long-term capital appreciation.

LOGO

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.

 

Average Annual Total Returns

for the Periods Ending 10/31/2020

 

      1 Year      5 Years      10 Years  

Class A1

     -7.34%        5.39%        8.33%  

Class A2

     -12.43%        4.21%        7.72%  

Class C1

     -8.09%        4.60%        7.53%  

Class C3

     -8.97%        4.60%        7.53%  

Class I1

     -7.02%        5.73%        8.68%  

Class R31

     -7.56%        5.10%        8.05%  

Class R41

     -7.34%        5.41%        8.39%  

Class R51

     -7.05%        5.73%        8.70%  

Class R61

     -6.92%        5.84%        8.78%  

Class Y1

     -7.05%        5.78%        8.75%  

Class F1

     -6.94%        5.79%        8.72%  

Russell 1000 Value Index

     -7.57%        5.82%        9.48%  

 

1 

Without sales charge

2 

Reflects maximum sales charge of 5.50%

3 

Reflects a contingent deferred sales charge of 1.00%

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

The returns include the Fund’s performance when the Fund pursued a different investment objective and principal investment strategy prior to 11/01/2017.

Class R6 shares commenced operations on 02/28/2018. Performance prior to that date is that of the Fund’s Class Y shares. Class F shares commenced operations on 02/28/2017. Performance prior to that date is that of the Fund’s Class I shares.

To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

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

 

Operating Expenses*    Gross      Net  

Class A

     1.00%        0.96%  

Class C

     1.76%        1.71%  

Class I

     0.65%        0.65%  

Class R3

     1.27%        1.18%  

Class R4

     0.95%        0.88%  

Class R5

     0.67%        0.63%  

Class R6

     0.56%        0.46%  

Class Y

     0.66%        0.57%  

Class F

     0.55%        0.46%  

 

*

Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual expense reimbursement arrangements. Net expenses reflect such arrangements in instances when they reduce gross expenses. These arrangements remain in effect until 02/28/2021 unless the Fund’s Board of Directors approves an earlier termination. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020.

 

 

 

  27  

 


Hartford Quality Value Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

Portfolio Managers

Matthew G. Baker

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

Nataliya Kofman

Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

 

 

 

Manager Discussion

How did the Fund perform during the period?

The Class A shares of the Hartford Quality Value Fund returned -7.34%, before sales charges, for the twelve-month period ended October 31, 2020, outperforming the Fund’s benchmark, the Russell 1000 Value Index, which returned -7.57% for the same period. For the same period, the Class A shares of the Fund, before sales charges, underperformed the -6.15% average return of the Lipper Large Cap Value Fund peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

United States (U.S.) equities, as measured by the S&P 500 Index, posted positive results over the trailing twelve-month period ending October 31, 2020. Waning recession fears, improved trade sentiment, and accommodative U.S. Federal Reserve (Fed) policy benefited U.S. markets toward the end of 2019. In the first quarter of 2020, U.S. equities fell sharply after achieving record highs in February, as the coronavirus spread rapidly throughout the country, causing unprecedented market disruptions and financial damage, and heightening fears of a severe economic downturn. The U.S. had approximately 188,000 confirmed cases of the coronavirus at the end of March 2020, surpassing all other countries. Volatility surged to extreme levels, and the S&P 500 Index suffered its fastest-ever decline into a bear market. The unprecedented scale of the fiscal and monetary stimulus implemented by Congress and the Fed in response to the pandemic was the most influential driver of the market’s rebound in the second quarter of 2020. Momentum continued into the third quarter of 2020 with substantial monetary support from the Fed, a broadening U.S. economic recovery, better-than-expected corporate earnings, and promising trials for coronavirus vaccines. However, the path to a sustainable economic recovery was clouded by concerns about a resurgence in coronavirus infections in many areas of the country, an undetermined timeline for vaccines, high unemployment, elevated debt burdens, and uncertainty about additional fiscal stimulus.

During the period, four out of eleven sectors within the Russell 1000 Value Index posted positive absolute returns, with the Healthcare (+11%), Materials (+9%), and Consumer Staples (+4%) sectors performing the best. Conversely, the Energy (-46%), Real Estate (-22%), and Financials (-18%) sectors lagged over the period.

Security selection and sector allocation both contributed positively to the Fund’s performance relative to the Russell 1000 Value Index over the period. Strong stock selection within the Information Technology, Real Estate, and Consumer Discretionary sectors were the top contributors to relative performance. This was partially offset by weaker security

selection within the Healthcare, Financials, and Utilities sectors, which detracted from performance. Sector allocation, a result of our bottom-up stock selection process, also contributed positively to relative performance during the period, due to an overweight to the Information Technology sector and underweight positions in the Consumer Staples and Consumer Discretionary sectors. This was partially offset by an overweight to the Energy sector and an underweight to the Materials sector, which detracted from performance.

Top contributors to relative performance over the period were Lowe’s Companies (Consumer Discretionary), not holding Wells Fargo (Financials), and Qualcomm (Information Technology). The share price of Lowe’s rose over the period, following upbeat earnings results. The company reported a 20% increase in same-store sales in April 2020 and has seen the trend continue, supported by its online business. Shares of Wells Fargo fell over the period after the Chief Financial Officer (CFO) predicted higher loan-loss provisions in addition to a sharp drop in interest income for the year. Qualcomm’s stock price rose after the company reported strong quarterly results driven by improving sales forecasts as well as a recently announced licensing deal with Huawei Technologies. During the period, we trimmed the Fund’s position slightly on valuation.

The largest detractors from the Fund’s performance relative to the Russell 1000 Value Index over the period were Citigroup (Financials), not holding Danaher (Healthcare), and Total (Energy). Shares of Citigroup fell after the CFO warned revenue could drop as the bank set aside more in reserves to cover potential losses caused by the coronavirus pandemic. Danaher’s stock price rose over the period after its Cepheid unit received Emergency Use Authorization from the Food and Drug Administration (FDA) for its coronavirus test. Shares of Total also fell over the period as the pandemic has drastically reduced demand for crude oil. As of the end of the period, the Fund maintained a position in the company.

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

What is the outlook as of the end of the period?

Although the market continued its climb in the third quarter of 2020, we are wrestling with many unknowns in the short term. While enormous amounts of liquidity have been pumped into the market to try and safeguard consumer spending, we are still facing high rates of unemployment and each day are reminded of the increasing number of coronavirus cases. As temperatures dip, there is concern that an even higher resurgence of the virus may emerge. Our framework during these turbulent times is to try to avoid balance sheet risk while seeking to

 

 

 

  28  

 


Hartford Quality Value Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

identify mispriced opportunities that can potentially create enormous value on the other side of the pandemic.

We continue to seek to invest in companies that have reasonable valuations with attractive long-term free cash flow generation, solid balance sheets, and resilient fundamentals.

At the end of the period, the Fund’s largest overweights were to the Information Technology and Financials sectors, while the Fund’s largest underweights were to the Communication Services sector, relative to the Russell 1000 Value Index.

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. Different investment styles may go in and out favor, which may cause the Fund to underperform the broader stock market. For dividend-paying stocks, dividends are not guaranteed and may decrease without notice. The Fund’s focus on investments in particular sectors may increase its volatility and risk of loss if adverse developments occur.

Composition by Sector(1)

as of 10/31/2020

 

Sector    Percentage of
Net Assets
 

Equity Securities

 

Communication Services

     6.0

Consumer Discretionary

     7.8  

Consumer Staples

     7.2  

Energy

     4.6  

Financials

     19.8  

Health Care

     14.2  

Industrials

     12.6  

Information Technology

     11.5  

Materials

     4.3  

Real Estate

     4.3  

Utilities

     6.7  
  

 

 

 

Total

     99.0
  

 

 

 

Short-Term Investments

     0.9  

Other Assets & Liabilities

     0.1  
  

 

 

 

Total

     100.0
  

 

 

 

 

(1) 

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

 

 

 

  29  

 


The Hartford Small Cap Growth Fund

Fund Overview

October 31, 2020 (Unaudited)

 

 

 

Inception 01/04/1988

Sub-advised by Wellington Management Company LLP

  Investment objective – The Fund seeks long-term capital appreciation.

LOGO

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.

 

Average Annual Total Returns

for the Periods Ending 10/31/2020

 

     

1 Year

    

5 Years

    

10 Years

 

Class A1

     14.06%        10.22%        12.40%  

Class A2

     7.79%        8.98%        11.76%  

Class C1

     13.31%        9.48%        11.62%  

Class C3

     12.31%        9.48%        11.62%  

Class I1

     14.50%        10.58%        12.76%  

Class R31

     13.80%        9.93%        12.13%  

Class R41

     14.13%        10.27%        12.47%  

Class R51

     14.47%        10.61%        12.81%  

Class R61

     14.62%        10.72%        12.91%  

Class Y1

     14.58%        10.69%        12.91%  

Class F1

     14.62%        10.67%        12.80%  

Russell 2000 Growth Index

     13.37%        10.36%        11.95%  

 

1 

Without sales charge

2 

Reflects maximum sales charge of 5.50%

3 

Reflects a contingent deferred sales charge of 1.00%

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Class R6 shares commenced operations on 11/07/2014. Performance prior to that date is that of the Fund’s Class Y shares. Class F shares commenced operations on 02/28/2017. Performance prior to that date is that of the Fund’s Class I shares.

To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

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

 

Operating Expenses*    Gross      Net  

Class A

     1.26%        1.26%  

Class C

     1.90%        1.90%  

Class I

     0.84%        0.84%  

Class R3

     1.49%        1.49%  

Class R4

     1.18%        1.18%  

Class R5

     0.86%        0.86%  

Class R6

     0.77%        0.77%  

Class Y

     0.87%        0.81%  

Class F

     0.77%        0.77%  

 

*

Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual fee waivers or expense reimbursement arrangements. Net expenses reflect such arrangements only with respect to Class Y. These arrangements remain in effect until 02/28/2021 unless the Fund’s Board of Directors approves an earlier termination. Expenses shown include acquired fund fees and expenses. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020.

 

 

 

  30  

 


The Hartford Small Cap Growth Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

Portfolio Managers

Mammen Chally, CFA

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

David A. Siegle, CFA

Managing Director and Equity Research Analyst

Wellington Management Company LLP

Douglas W. McLane, CFA

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

 

 

 

Manager Discussion

How did the Fund perform during the period?

The Class A shares of The Hartford Small Cap Growth Fund returned 14.06%, before sales charges, for the twelve-month period ended October 31, 2020, outperforming the Fund’s benchmark, the Russell 2000 Growth Index, which returned 13.37% for the same period. For the same period, the Class A shares of the Fund, before sales charges, underperformed the 17.69% average return of the Lipper Small-Cap Growth Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

United States (U.S.) equities, as measured by the S&P 500 Index, posted positive results over the trailing twelve-month period ending October 31, 2020. Waning recession fears, improved trade sentiment, and accommodative U.S. Federal Reserve (Fed) policy benefited U.S. markets toward the end of 2019. In the first quarter of 2020, U.S. equities fell sharply after achieving record highs in February 2020, as the coronavirus spread rapidly throughout the country, causing unprecedented market disruptions and financial damage, and heightening fears of a severe economic downturn. The U.S. had approximately 188,000 confirmed cases of the coronavirus at the end of March 2020, surpassing all other countries. Volatility surged to extreme levels, and the S&P 500 Index suffered its fastest-ever decline into a bear market. The unprecedented scale of the fiscal and monetary stimulus implemented by Congress and the Fed in response to the pandemic was the most influential driver of the market’s rebound in the second quarter of 2020. Momentum continued into the third quarter of 2020 with substantial monetary support from the Fed, a broadening U.S. economic recovery, better-than-expected corporate earnings, and promising trials for coronavirus vaccines. However, the path to a sustainable economic recovery was clouded by concerns about a resurgence in coronavirus infections in many areas of the country, an undetermined timeline for vaccines, high unemployment, elevated debt burdens, and uncertainty about additional fiscal stimulus.

Returns varied by market cap during the period, as large-cap equities, as measured by the S&P 500 Index, outperformed small-cap and mid-cap equities, as measured by the Russell 2000 Index and S&P MidCap 400 Index, respectively.

Six out of eleven sectors in the Russell 2000 Growth Index had positive returns during the period. The Healthcare (+38%), Information

Technology (+12%), and Consumer Discretionary (+12%) sectors increased the most, while the Energy (-52%), Real Estate (-12%), and Utilities (-10%) sectors lagged the broader index.

Security selection was the primary driver of the Fund’s outperformance relative to the Russell 2000 Growth Index during the period. Strong selection within the Information Technology, Consumer Staples, and Communication Services sectors contributed positively to relative performance. This was partially offset by weaker selection in the Industrials, Financials, and Real Estate sectors, which detracted from performance. Sector allocation, a result of the bottom-up stock selection process, also contributed positively to relative performance, primarily driven by the Fund’s underweight allocation to the Utilities sector and an overweight in the Industrials sector. An overweight allocation to the Consumer Discretionary sector detracted from performance during the period.

The top contributors to relative performance during the period were overweight positions in Five9 (Information Technology), MyoKardia (Healthcare), and Smith & Wesson (Consumer Discretionary). Shares of Five9, a provider of cloud-based software for contact centers, ended the period higher after reporting consecutive earnings results that beat the previous year’s corresponding quarterly results. As of the end of the period, the Fund continued to own this security. Shares of MyoKardia rose over the period. The stock soared in October 2020 on the announcement that Bristol Myers Squibb will acquire the pharmaceutical firm for $13.1 billion. Shares of Smith & Wesson increased significantly over the period after surpassing earnings expectations for the past two quarters. Nationwide coronavirus lockdowns, paired with the environments of civil unrest, have led to an increase in the demand for guns as a form of personal protection. Top absolute contributors for the period included Five9 (Information Technology), MyoKardia (Healthcare), and Teladoc Health (Healthcare).

The top detractors from relative performance included not holding Quidel (Healthcare), and overweight positions in Steve Madden (Consumer Discretionary), and Caleres (Consumer Discretionary). Shares of Quidel rose during the period after the company received emergency use authorization from the U.S. Food and Drug Administration (FDA) for the company’s rapid-result coronavirus test amid a push to ramp up detection of the deadly virus. The company’s Sofia 2 test can provide results in 15 minutes. Not owning the stock, which is a constituent of the Russell 2000 Growth Index, was a detractor from the Fund’s relative performance over the period due to the stock’s strong performance.

 

 

 

  31  

 


The Hartford Small Cap Growth Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

Shares of Steve Madden, a women’s fashion footwear company, fell during the period. During the period, we exited this holding in the Fund after coronavirus negatively impacted non-essential retailers. Caleres, an American footwear company, was a top detractor from relative performance during the period. Shares of Caleres fell as the company reported an earnings miss and lower year-over-year sales for the fourth quarter of 2019. Further, the dramatic slowdown in retail demand throughout the U.S. in response to coronavirus has also weighed on the stock price. During the period, we eliminated this position within the Fund on the same basis as Steve Madden. Top absolute detractors for the period included Steve Madden (Consumer Discretionary), Caleres (Consumer Discretionary), and MGIC Investment (Financials).

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

What is the outlook as of the end of the period?

In the next few months, we believe we will know a lot more about whether we will have a vaccine and treatment options to reduce the hospitalization and mortality rate for coronavirus. While we can see additional flare-ups, our base case assumption is that we can return to a new normal towards the end of 2021.

Beyond the U.S. border, there are still parts of the world where the incidence of cases has not stabilized, and in some areas, it does appear that the peak may still be many weeks or even months away. So, unfortunately, a lot of uncertainty remains. We are spending more time understanding the possible permanent or semi-permanent changes to behavior, both from a consumer and corporate perspective, and what that might mean for some of the Fund’s holdings. However, it seems too early to come to conclusions.

We continue to stay focused on the long term as we will eventually put this health crisis behind us. While we did make some changes to the holdings within the Fund, we continue to be incremental and mindful of the impact of volatility.

At the end of the period, the Fund’s largest overweights were to the Financials, Information Technology and Consumer Discretionary sectors, while the Fund’s largest underweights were to the Utilities, Healthcare, and Real Estate sectors, relative to the Russell 2000 Growth Index.

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. Small-cap securities can have greater risks and volatility than large-cap securities. Different investment styles may go in and out favor, which may cause the Fund to underperform the broader stock market. The Fund’s focus on investments in particular sectors may increase its volatility and risk of loss if adverse developments occur.

Composition by Sector(1)

as of 10/31/2020

 

Sector    Percentage of
Net Assets
 

Equity Securities

 

Communication Services

     1.6

Consumer Discretionary

     15.1  

Consumer Staples

     3.3  

Energy

  
 

    

 

Financials

     5.9  

Health Care

     33.2  

Industrials

     12.8  

Information Technology

     21.8  

Materials

     3.0  

Real Estate

     2.8  
  

 

 

 

Total

     99.5
  

 

 

 

Short-Term Investments

     1.6  

Other Assets & Liabilities

     (1.1
  

 

 

 

Total

     100.0
  

 

 

 

 

(1) 

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

 

 

 

  32  

 


Hartford Small Cap Value Fund

Fund Overview

October 31, 2020 (Unaudited)

 

 

 

Inception 01/01/2005

Sub-advised by Wellington Management Company LLP

  Investment objective – The Fund seeks long-term capital appreciation.

LOGO

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.

 

Average Annual Total Returns

for the Periods Ending 10/31/2020

 

      1 Year      5 Years      10 Years  

Class A1

     -14.57%        1.87%        6.59%  

Class A2

     -19.27%        0.73%        5.99%  

Class C1

     -15.15%        1.11%        5.79%  

Class C3

     -15.95%        1.11%        5.79%  

Class I1

     -14.22%        2.20%        6.79%  

Class R31

     -14.62%        1.66%        6.44%  

Class R41

     -14.46%        1.94%        6.72%  

Class R51

     -14.21%        2.26%        7.01%  

Class R61

     -14.17%        2.33%        7.06%  

Class Y1

     -14.18%        2.32%        7.05%  

Class F1

     -14.22%        2.27%        6.82%  

Russell 2000 Value Index

     -13.92%        3.71%        7.06%  

 

1 

Without sales charge

2 

Reflects maximum sales charge of 5.50%

3 

Reflects a contingent deferred sales charge of 1.00%

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Class I shares commenced operations on 03/31/2015. Performance prior to that date is that of the Fund’s Class A shares (excluding sales charges). Class R3, R4 and R5 shares commenced operations on 09/30/2011. Performance prior to that date is that of the Fund’s Class Y shares. Class F shares commenced operations on 02/28/2017. Performance for Class F shares prior to 02/28/2017 reflects the performance of Class I shares from

03/31/2015 through 02/27/2017 and Class A shares (excluding sales charges) prior to 03/31/2015. Class R6 shares commenced operations on 02/28/2018. Performance prior to that date is that of the Fund’s Class Y shares.

To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.

Performance prior to 11/01/2018 reflects when the Fund pursued different strategies.

Performance information includes performance under the Fund’s previous sub-adviser, Hartford Investment Management Company. As of 06/04/2012, Hartford Investment Management Company no longer served as the sub-adviser to the Fund.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

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

 

Operating Expenses*    Gross      Net  

Class A

     1.37%        1.30%  

Class C

     2.14%        2.05%  

Class I

     1.00%        1.00%  

Class R3

     1.62%        1.50%  

Class R4

     1.31%        1.20%  

Class R5

     1.01%        0.90%  

Class R6

     0.89%        0.80%  

Class Y

     1.00%        0.85%  

Class F

     0.89%        0.80%  

 

*

Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual expense reimbursement arrangements. Net expenses reflect such arrangements in instances when they reduce gross expenses. These arrangements remain in effect until 02/28/2021 unless the Fund’s Board of Directors approves an earlier termination. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020.

 

 

 

  33  

 


Hartford Small Cap Value Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

Portfolio Manager

Sean M. Kammann

Managing Director, Equity Portfolio Manager

Wellington Management Company LLP

 

 

 

Manager Discussion

How did the Fund perform during the period?

The Class A shares of the Hartford Small Cap Value Fund returned -14.57%, before sales charges, for the twelve-month period ended October 31, 2020, underperforming the Fund’s benchmark, the Russell 2000 Value Index, which returned -13.92% for the same period. For the same period, the Class A shares of the Fund, before sales charges, underperformed the -12.85% average return of the Lipper Small-Cap Value Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

United States (U.S.) equities, as measured by the S&P 500 Index, posted positive results over the trailing twelve-month period ending October 31, 2020. Waning recession fears, improved trade sentiment, and accommodative U.S. Federal Reserve (Fed) policy benefited U.S. markets toward the end of 2019. In the first quarter of 2020, U.S. equities fell sharply as the coronavirus spread rapidly throughout the country, causing unprecedented market disruptions and financial damage, and heightening fears of a severe economic downturn. The U.S. had approximately 188,000 confirmed cases of the coronavirus at the end of March 2020, surpassing all other countries. Volatility surged to extreme levels, and the S&P 500 Index suffered its fastest-ever decline into a bear market. The unprecedented scale of the fiscal and monetary stimulus implemented by Congress and the Fed in response to the pandemic was the most influential driver of the market’s rebound in the second quarter of 2020. Momentum continued into the third quarter of 2020 with substantial monetary support from the Fed, a broadening U.S. economic recovery, better-than-expected corporate earnings, and promising trials for coronavirus vaccines. However, the path to a sustainable economic recovery was clouded by concerns about a resurgence in coronavirus infections in many areas of the country, an undetermined timeline for vaccines, high unemployment, elevated debt burdens, and uncertainty about additional fiscal stimulus.

Returns varied by market cap, as large-cap equities, as measured by the S&P 500 Index, outperformed mid- and small-cap equities, as measured by the S&P MidCap 400 Index and Russell 2000 Value Index, respectively.

Four of the eleven sectors in the Russell 2000 Value Index rose during the period, with the Healthcare (+20%), Consumer Staples (+19%), and Consumer Discretionary (+7%) sectors performing best. Conversely, the Energy (-51%), Communication Services (-33%), and Real Estate (-30%) sectors lagged over the period.

Security selection detracted from the Fund’s performance relative to the Russell 2000 Value Index during the period due to weak stock selection in the Industrials, Consumer Discretionary, and Information Technology sectors, which was partially offset by strong stock selection in the Financials, Communication Services, and Utilities sectors. Sector allocation, a result of our bottom-up stock selection process, benefited

relative performance. The Fund’s lack of exposure to the Energy sector and an overweight to the Consumer Discretionary sector contributed positively, while the Fund’s underweight to the Healthcare and Materials sectors partially offset these results.

The largest contributors to relative performance over the period were Medifast (Consumer Staples), Sturm Ruger & Co (Consumer Discretionary), and Avid Technology (Information Technology). Shares of Medifast, an American nutrition and weight loss company, rose over the period on strong new client acquisition and coach additions in the second quarter of 2020, which led to an 18% growth rate in revenue year-over-year, coming in significantly higher than consensus estimates. American firearm manufacturing company Sturm Ruger & Co. benefited from rising sales at the beginning of the year, driven by consumer demand, new products, and reduced promotional activity. Outperformance continued in the most recent quarter, with firearm sales climbing 178% year-over-year. Avid Technology is a technology and media company that develops a variety of software and systems. Shares climbed higher on 68% year-over-year growth in subscription revenue for the second quarter of 2020. While product sales and professional services were negatively impacted by the pandemic, high-margin subscriptions have continued to see growth. The company continued to perform well through the end of the period, maintaining momentum in subscription growth.

The largest detractors from relative performance during the period were Great Western (Financials), Knoll (Industrials), and Deluxe (Industrials). Shares of Great Western, a bank holding company based in South Dakota, fell during the period as the company faced challenges from elevated credit costs and outsized provisions in response to a significantly weaker economic outlook resulting from coronavirus. Knoll designs and manufactures branded office furniture products and textiles. The company’s net sales declined more than 25% in the second quarter of 2020 following steep declines in incoming orders during April and May. The third quarter of 2020 saw revenues decline, and gross margin shrink despite multiple rounds of layoffs conducted to reduce costs. After withdrawing guidance in March 2020 given uncertainties around coronavirus, shares of Deluxe, a company offering check printing and related business services, fell considerably. First-quarter profitability was pressured by deteriorating sales and asset impairment charges as the U.S. moved into a lockdown.

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

What is the outlook as of the end of the period?

As we begin to think longer-term about the implications of the enormous federal budget deficits built during this crisis, we observe that the most consistent way countries have dealt with this throughout history is through higher inflation. We do not expect this to occur imminently, but it seems probable over the medium term. We believe that inflationary

 

 

 

  34  

 


Hartford Small Cap Value Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

periods tend to be a favorable backdrop for valuation focused investing. We continue to focus our efforts on seeking to find the most attractive long-term excess return opportunities, while seeking to balance this against the associated risks.

At the end of the period, the Fund was most overweight to the Information Technology, Financials, and Consumer Staples sectors, and most underweight to the Real Estate, Energy, and Utilities sectors relative to the Russell 2000 Value Index.

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. Small-cap securities can have greater risks and volatility than large-cap securities. Different investment styles may go in and out favor, which may cause the Fund to underperform the broader stock market. The Fund’s focus on investments in particular sectors may increase its volatility and risk of loss if adverse developments occur. Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments.

Composition by Sector(1)

as of 10/31/2020

 

Sector    Percentage of
Net Assets
 

Equity Securities

 

Communication Services

     1.7

Consumer Discretionary

     12.8  

Consumer Staples

     6.4  

Financials

     34.5  

Health Care

     5.6  

Industrials

     17.6  

Information Technology

     12.5  

Materials

     3.5  

Real Estate

     3.0  

Utilities

     2.2  
  

 

 

 

Total

     99.8
  

 

 

 

Short-Term Investments

     2.7  

Other Assets & Liabilities

     (2.5
  

 

 

 

Total

     100.0
  

 

 

 

 

(1) 

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

 

 

 

  35  

 


The Hartford Small Company Fund

Fund Overview

October 31, 2020 (Unaudited)

 

 

 

Inception 07/22/1996

Sub-advised by Wellington Management Company LLP

  Investment objective – The Fund seeks growth of capital.

LOGO

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.

 

Average Annual Total Returns

for the Periods Ending 10/31/2020

 

     

1 Year

    

5 Years

    

10 Years

 

Class A1

     33.28%        15.11%        13.16%  

Class A2

     25.95%        13.81%        12.52%  

Class C1

     32.18%        14.22%        12.32%  

Class C3

     31.18%        14.22%        12.32%  

Class I1

     33.65%        15.41%        13.46%  

Class R31

     32.97%        14.88%        12.94%  

Class R41

     33.34%        15.21%        13.28%  

Class R51

     33.74%        15.56%        13.62%  

Class R61

     33.85%        15.64%        13.71%  

Class Y1

     33.71%        15.61%        13.69%  

Class F1

     33.81%        15.54%        13.52%  

Russell 2000 Growth Index

     13.37%        10.36%        11.95%  

 

1 

Without sales charge

2 

Reflects maximum sales charge of 5.50%

3 

Reflects a contingent deferred sales charge of 1.00%

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Class R6 shares commenced operations on 11/07/2014. Performance prior to that date is that of the Fund’s Class Y shares. Class F shares commenced operations on 02/28/2017. Performance prior to that date is that of the Fund’s Class I shares.

To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

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

 

Operating Expenses*    Gross      Net  

Class A

     1.35%        1.35%  

Class C

     2.15%        2.15%  

Class I

     1.05%        1.05%  

Class R3

     1.63%        1.56%  

Class R4

     1.33%        1.26%  

Class R5

     1.03%        0.96%  

Class R6

     0.92%        0.91%  

Class Y

     0.98%        0.96%  

Class F

     0.91%        0.91%  

 

*

Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual expense reimbursement arrangements. Net expenses reflect such arrangements in instances when they reduce gross expenses. These arrangements remain in effect until 02/28/2021 unless the Fund’s Board of Directors approves an earlier termination. Expenses shown include acquired fund fees and expenses. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020.

 

 

 

  36  

 


The Hartford Small Company Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

Portfolio Managers

Steven C. Angeli, CFA

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

John V. Schneider, CFA

Managing Director and Equity Research Analyst

Wellington Management Company LLP

Ranjit Ramachandran, CFA

Managing Director and Equity Research Analyst

Wellington Management Company LLP

 

 

 

Manager Discussion

How did the Fund perform during the period?

The Class A shares of The Hartford Small Company Fund returned 33.28%, before sales charges, for the twelve-month period ended October 31, 2020, outperforming the Fund’s benchmark, the Russell 2000 Growth Index, which returned 13.37% for the same period. For the same period, the Class A shares of the Fund, before sales charges, outperformed the 17.69% average return of the Lipper Small-Cap Growth Funds peer group , a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

United States (U.S.) equities, as measured by the S&P 500 Index, rose 9.4% over the trailing twelve-month period ending October 31, 2020. Small-, mid- and large-cap growth equities outperformed the broader market during this period. The first quarter of 2020 ended sharply lower as the coronavirus spread rapidly throughout the country, causing unprecedented market disruptions and financial damage, and heightening fears of a severe economic downturn. Many states adopted extraordinary measures to fight the contagion, while companies shuttered stores and production, withdrew earnings guidance, and drew down credit lines at a record pace as borrowing costs soared. Volatility surged to extreme levels, and the S&P 500 Index suffered its fastest ever decline into a bear market. The unprecedented scale of fiscal and monetary stimulus implemented by Congress and the U.S. Federal Reserve (Fed) in response to the pandemic drove the market’s rebound in the second quarter of 2020. Momentum carried into the third quarter of 2020 bolstered by substantial monetary support from the Fed, a broadening U.S. economic recovery and promising trials for coronavirus vaccines. However, the path to sustainable economic recovery was clouded by concerns about a resurgence in coronavirus infections around the country, an undetermined timeline for vaccines, high unemployment, elevated debt burdens, and uncertainty about additional fiscal stimulus.

Returns varied by market cap during the period, as large-cap equities, as measured by the S&P 500 Index, outperformed mid-cap and small-cap equities, as measured by the S&P MidCap 400 Index and Russell 2000 Index, respectively. Growth significantly outperformed value in all market cap ranges during the period.

Six out of eleven sectors in the Russell 2000 Growth Index had positive returns during the period. The Healthcare (+38%), Information

Technology (+12%), and Consumer Discretionary (+12%) sectors increased the most, while the Energy (-52%), Real Estate (-12%), and Utilities (-10%) sectors lagged the broader index.

During the period, security selection was the primary driver of the Fund’s outperformance relative to the Russell 2000 Growth Index. Strong selection in the Healthcare, Information Technology, and Industrials sectors contributed positively to relative performance, slightly offset by weak selection in the Materials and Financials sectors. Sector allocation, a result of our bottom-up stock selection process, also contributed positively to relative performance, primarily driven by the Fund’s underweight allocation to the Industrials sector.

The top contributors to relative performance during the period were Livongo Health (Healthcare), Chegg (Consumer Discretionary), and Boston Beer Co. (Consumer Discretionary). Shares of Livongo Health, a virtual healthcare provider, rose after the company announced second quarter 2020 revenue that was above expectations. Livongo also announced a merger agreement with Teledoc Health which is anticipated to position the firm as one of the leaders in comprehensive virtual care during a time of unprecedented demand and is anticipated to further expand access to underserved populations. Shares of Chegg rose over the period after reporting first-quarter earnings that surpassed expectations. The online textbook rental and learning services company saw subscriptions increase by 35% from last year as institutions moved to online learning in response to coronavirus. Shares of Boston Beer Co., a beverage company with key brands Samuel Adams and Twisted Tea, rose after the company reported strong results driven by the company’s Truly seltzer brand despite increasing competition in the spiked seltzer market. Top absolute contributors for the period included Livongo Health (Healthcare) and Chegg (Consumer Discretionary).

The top detractors from relative performance during the period included Curtiss-Wright (Industrials), Ingevity (Materials), and not holding benchmark constituent Quidel (Healthcare). Shares of Curtiss-Wright, an engineered components manufacturer servicing aerospace, defense, power generation and general industrial end markets, fell during the period as coronavirus created uncertainty for future economic growth. Shares declined on commercial aerospace and defense budget concerns. Shares of Quidel rose during the period on the heels of the U.S. Food and Drug Administration (FDA) Emergency Use Authorization for the company’s rapid-result coronavirus test amid a push to ramp up detection of the virus. The company’s Sofia 2 test can provide results in 15 minutes. Shares of Ingevity, a specialty chemicals manufacturer, traded down after

 

 

 

  37  

 


The Hartford Small Company Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

management cited coronavirus-related challenges in their automobile and oil and gas end-markets. Top absolute detractors for the period included NexPoint Residential (Real Estate), Performance Foods Group (Consumer Staples), and Marriott Vacations (Consumer Discretionary).

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

What is the outlook as of the end of the period?

Overall, we continue to have significant uncertainty around the timing of the economic recovery, full deployment of an effective vaccine for coronavirus and policy changes that may occur as a result of the U.S. election. We remain consistent in adhering to our disciplined portfolio construction process that we believe allows us to assess risk, weight individual positions accordingly, and in the process build a portfolio that focuses largely on stock selection in seeking to generate outperformance relative to the Russell 2000 Growth Index.

In recent months, we have been trimming or eliminating stocks in the Fund that performed strongly. We have been investing in companies that we believe may perform well in a recovering economy as well as investing in companies that we believe may perform well in a more challenged macro environment.

At the end of the period, the Fund’s largest overweights were to the Consumer Discretionary, Industrials, and Information Technology sectors, while the Fund’s largest underweights were to the Healthcare, Consumer Staples, and Real Estate sectors, relative to the Russell 2000 Growth Index.

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies.  Small-cap securities can have greater risks and volatility than large-cap securities.  Different investment styles may go in and out favor, which may cause the Fund to underperform the broader stock market.  Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments.  The Fund’s focus on investments in particular sectors may increase its volatility and risk of loss if adverse developments occur.

Composition by Sector(1)

as of 10/31/2020

 

Sector    Percentage of
Net Assets
 

Equity Securities

 

Communication Services

     2.1

Consumer Discretionary

     18.6  

Consumer Staples

     0.9  

Financials

     9.0  

Health Care

     26.1  

Industrials

     16.6  

Information Technology

     21.9  

Materials

     0.8  

Real Estate

     1.3  
  

 

 

 

Total

     97.3
  

 

 

 

Short-Term Investments

     4.8  

Other Assets & Liabilities

     (2.1
  

 

 

 

Total

     100.0
  

 

 

 

 

(1) 

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

 

 

 

  38  

 


Hartford Domestic Equity Funds

Benchmark Glossary (Unaudited)

 

 

 

Russell 1000 Growth Index (reflects no deduction for fees, expenses or taxes) is designed to measure the performance of those Russell 1000 Index companies with higher price-to-book ratios and higher forecasted growth values. The Russell 1000 Index is designed to measure the performance of the 1,000 largest companies in the Russell 3000 Index based on their market capitalization and current index membership.

Russell 1000 Value Index (reflects no deduction for fees, expenses or taxes) is designed to measure the performance of those Russell 1000 Index companies with lower price-to-book ratios and lower forecasted growth values. The Russell 1000 Index is designed to measure the performance of the 1,000 largest companies in the Russell 3000 Index based on their market capitalization and current index membership.

Russell 2000 Growth Index (reflects no deduction for fees, expenses or taxes) is designed to measure the performance of those Russell 2000 Index growth companies with higher price-to-book ratios and higher forecasted growth values. The Russell 2000 Index is an index comprised of 2,000 of the smallest U.S.-domiciled company common stocks based on a combination of their market capitalization and current index membership.

Russell 2000 Value Index (reflects no deduction for fees, expenses or taxes) is designed to measure the performance of those Russell 2000 Index companies with lower price-to-book ratios and lower forecasted growth values. The Russell 2000 Index is an index comprised of 2,000 of the smallest U.S.-domiciled company common stocks based on a combination of their market capitalization and current index membership.

Russell 3000 Growth Index (reflects no deduction for fees, expenses or taxes) is designed to measure the performance of those Russell 3000 Index companies with higher price-to-book ratios and higher forecasted growth values. The Russell 3000 Index is designed to measures the performance of the 3,000 largest U.S. companies based on total market capitalization.

Russell 3000 Index (reflects no deduction for fees, expenses or taxes) is designed to measure the performance of the 3,000 largest U.S. companies based on total market capitalization.

Russell Midcap Value Index (reflects no deduction for fees, expenses or taxes) is designed to measure the performance of the mid-cap value segment of the U.S. equity universe. It includes those Russell Midcap Index companies with lower price-to-book ratios and lower forecasted growth values.

S&P 500 Index (reflects no deduction for fees, expenses or taxes) is a float-adjusted market capitalization-weighted price index composed of 500 widely held common stocks.

S&P Composite 1500 Health Care Index (reflects no deduction for fees, expenses or taxes) is a float-adjusted market capitalization-weighted index comprised of those companies included in the S&P Composite 1500 that are classified as members of the Global Industry Classification Standard (GICS®) health care sector.

S&P MidCap 400 Index (reflects no deduction for fees, expenses or taxes) is a float-adjusted market capitalization-weighted index designed to measure the performance of the mid-cap segment of the market. The index is composed of 400 constituent companies.

 

 

 

  39  

 


Hartford Domestic Equity Funds

Expense Examples (Unaudited)

 

 

 

Your Fund’s Expenses

As a shareholder of a Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, if any, and contingent deferred sales charges (CDSC), if any, and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in a Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of May 1, 2020 through October 31, 2020. To the extent a Fund was subject to acquired fund fees and expenses during the period, acquired fund fees and expenses are not included in the annualized expense ratios below.

Actual Expenses

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

Hypothetical Example for Comparison Purposes

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

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (front-end sales loads and CDSC). Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses for a class of a Fund are equal to the class’ annualized expense ratio multiplied by average account value over the period, multiplied by 184/366 (to reflect the one-half year period).

 

     Actual Return      Hypothetical (5% return before expenses)  
      Beginning
Account Value
May 1, 2020
    

Ending
Account Value

October 31, 2020

    

Expenses paid
during the period

May 1, 2020

through
October 31, 2020

     Beginning
Account Value
May 1, 2020
     Ending
Account Value
October 31, 2020
    

Expenses paid
during the period

May 1, 2020

through
October 31, 2020

     Annualized
expense
ratio
 

The Hartford Capital Appreciation Fund

 

Class A

   $     1,000.00      $     1,161.90      $     5.76      $     1,000.00      $     1,019.81      $     5.38        1.06

Class C

   $ 1,000.00      $ 1,157.70      $ 9.93      $ 1,000.00      $ 1,015.94      $ 9.27        1.83

Class I

   $ 1,000.00      $ 1,163.80      $ 4.24      $ 1,000.00      $ 1,021.22      $ 3.96        0.78

Class R3

   $ 1,000.00      $ 1,160.00      $ 7.71      $ 1,000.00      $ 1,018.00      $ 7.20        1.42

Class R4

   $ 1,000.00      $ 1,162.00      $ 5.92      $ 1,000.00      $ 1,019.66      $ 5.53        1.09

Class R5

   $ 1,000.00      $ 1,163.60      $ 4.35      $ 1,000.00      $ 1,021.12      $ 4.06        0.80

Class R6

   $ 1,000.00      $ 1,164.30      $ 3.86      $ 1,000.00      $ 1,021.57      $ 3.61        0.71

Class Y

   $ 1,000.00      $ 1,163.90      $ 4.13      $ 1,000.00      $ 1,021.32      $ 3.86        0.76

Class F

   $ 1,000.00      $ 1,164.10      $ 3.81      $ 1,000.00      $ 1,021.62      $ 3.56        0.70

Hartford Core Equity Fund

 

                 

Class A

   $ 1,000.00      $ 1,147.00      $ 3.94      $ 1,000.00      $ 1,021.47      $ 3.71        0.73

Class C

   $ 1,000.00      $ 1,142.60      $ 7.97      $ 1,000.00      $ 1,017.70      $ 7.51        1.48

Class I

   $ 1,000.00      $ 1,148.70      $ 2.54      $ 1,000.00      $ 1,022.77      $ 2.39        0.47

Class R3

   $ 1,000.00      $ 1,145.10      $ 5.72      $ 1,000.00      $ 1,019.81      $ 5.38        1.06

Class R4

   $ 1,000.00      $ 1,147.10      $ 4.05      $ 1,000.00      $ 1,021.37      $ 3.81        0.75

Class R5

   $ 1,000.00      $ 1,148.40      $ 2.59      $ 1,000.00      $ 1,022.72      $ 2.44        0.48

Class R6

   $ 1,000.00      $ 1,149.00      $ 2.05      $ 1,000.00      $ 1,023.23      $ 1.93        0.38

Class Y

   $ 1,000.00      $ 1,148.80      $ 2.48      $ 1,000.00      $ 1,022.82      $ 2.34        0.46

Class F

   $ 1,000.00      $ 1,149.30      $ 2.05      $ 1,000.00      $ 1,023.23      $ 1.93        0.38

 

 

  40  

 


Hartford Domestic Equity Funds

Expense Examples (Unaudited) – (continued)

 

 

 

     Actual Return      Hypothetical (5% return before expenses)  
      Beginning
Account Value
May 1, 2020
    

Ending
Account Value

October 31, 2020

    

Expenses paid
during the period

May 1, 2020

through
October 31, 2020

     Beginning
Account Value
May 1, 2020
     Ending
Account Value
October 31, 2020
    

Expenses paid
during the period

May 1, 2020

through
October 31, 2020

     Annualized
expense
ratio
 

The Hartford Dividend and Growth Fund

 

                 

Class A

   $     1,000.00      $ 1,078.70      $ 5.23      $     1,000.00      $ 1,020.11      $ 5.08        1.00

Class C

   $ 1,000.00      $ 1,074.20      $ 9.28      $ 1,000.00      $ 1,016.19      $ 9.02        1.78

Class I

   $ 1,000.00      $ 1,080.20      $ 3.82      $ 1,000.00      $ 1,021.47      $ 3.71        0.73

Class R3

   $ 1,000.00      $ 1,077.30      $ 7.05      $ 1,000.00      $ 1,018.35      $ 6.85        1.35

Class R4

   $ 1,000.00      $ 1,078.60      $ 5.49      $ 1,000.00      $ 1,019.86      $ 5.33        1.05

Class R5

   $ 1,000.00      $ 1,080.00      $ 3.92      $ 1,000.00      $ 1,021.37      $ 3.81        0.75

Class R6

   $ 1,000.00      $ 1,080.50      $ 3.40      $ 1,000.00      $ 1,021.87      $ 3.30        0.65

Class Y

   $ 1,000.00      $ 1,080.30      $ 3.61      $ 1,000.00      $ 1,021.67      $ 3.51        0.69

Class F

   $ 1,000.00      $ 1,080.70      $ 3.40      $ 1,000.00      $ 1,021.87      $ 3.30        0.65

The Hartford Equity Income Fund

 

                 

Class A

   $ 1,000.00      $ 1,061.70      $ 5.23      $ 1,000.00      $ 1,020.06      $ 5.13        1.01

Class C

   $ 1,000.00      $ 1,057.80      $ 9.10      $ 1,000.00      $ 1,016.29      $ 8.92        1.76

Class I

   $ 1,000.00      $ 1,063.60      $ 3.89      $ 1,000.00      $ 1,021.37      $ 3.81        0.75

Class R3

   $ 1,000.00      $ 1,060.30      $ 6.99      $ 1,000.00      $ 1,018.35      $ 6.85        1.35

Class R4

   $ 1,000.00      $ 1,061.80      $ 5.44      $ 1,000.00      $ 1,019.86      $ 5.33        1.05

Class R5

   $ 1,000.00      $ 1,063.00      $ 3.99      $ 1,000.00      $ 1,021.27      $ 3.91        0.77

Class R6

   $ 1,000.00      $ 1,063.40      $ 3.48      $ 1,000.00      $ 1,021.77      $ 3.40        0.67

Class Y

   $ 1,000.00      $ 1,063.10      $ 3.73      $ 1,000.00      $ 1,021.52      $ 3.66        0.72

Class F

   $ 1,000.00      $ 1,064.00      $ 3.42      $ 1,000.00      $ 1,021.82      $ 3.35        0.66

The Hartford Growth Opportunities Fund

 

                 

Class A

   $ 1,000.00      $ 1,364.50      $ 6.42      $ 1,000.00      $ 1,019.71      $ 5.48        1.08

Class C

   $ 1,000.00      $ 1,359.50      $ 10.91      $ 1,000.00      $ 1,015.89      $ 9.32        1.84

Class I

   $ 1,000.00      $ 1,366.70      $ 4.82      $ 1,000.00      $ 1,021.06      $ 4.12        0.81

Class R3

   $ 1,000.00      $ 1,362.30      $ 8.37      $ 1,000.00      $ 1,018.05      $ 7.15        1.41

Class R4

   $ 1,000.00      $ 1,364.40      $ 6.60      $ 1,000.00      $ 1,019.56      $ 5.63        1.11

Class R5

   $ 1,000.00      $ 1,366.40      $ 5.00      $ 1,000.00      $ 1,020.91      $ 4.27        0.84

Class R6

   $ 1,000.00      $ 1,367.20      $ 4.40      $ 1,000.00      $ 1,021.42      $ 3.76        0.74

Class Y

   $ 1,000.00      $ 1,367.00      $ 4.64      $ 1,000.00      $ 1,021.22      $ 3.96        0.78

Class F

   $ 1,000.00      $ 1,367.10      $ 4.40      $ 1,000.00      $ 1,021.42      $ 3.76        0.74

The Hartford Healthcare Fund

 

                 

Class A

   $ 1,000.00      $ 1,098.80      $ 6.70      $ 1,000.00      $ 1,018.75      $ 6.44        1.27

Class C

   $ 1,000.00      $ 1,094.50      $ 10.69      $ 1,000.00      $ 1,014.93      $ 10.28        2.03

Class I

   $ 1,000.00      $ 1,100.10      $ 5.23      $ 1,000.00      $ 1,020.16      $ 5.03        0.99

Class R3

   $ 1,000.00      $ 1,096.90      $ 8.43      $ 1,000.00      $ 1,017.09      $ 8.11        1.60

Class R4

   $ 1,000.00      $ 1,098.70      $ 6.81      $ 1,000.00      $ 1,018.65      $ 6.55        1.29

Class R5

   $ 1,000.00      $ 1,100.10      $ 5.33      $ 1,000.00      $ 1,020.06      $ 5.13        1.01

Class R6

   $ 1,000.00      $ 1,100.70      $ 4.81      $ 1,000.00      $ 1,020.56      $ 4.62        0.91

Class Y

   $ 1,000.00      $ 1,100.50      $ 5.02      $ 1,000.00      $ 1,020.36      $ 4.82        0.95

Class F

   $ 1,000.00      $ 1,100.80      $ 4.81      $ 1,000.00      $ 1,020.56      $ 4.62        0.91

The Hartford MidCap Fund

 

                 

Class A

   $ 1,000.00      $ 1,140.40      $ 5.97      $ 1,000.00      $ 1,019.56      $ 5.63        1.11

Class C

   $ 1,000.00      $ 1,135.70      $ 10.04      $ 1,000.00      $ 1,015.74      $ 9.48        1.87

Class I

   $ 1,000.00      $ 1,141.90      $ 4.68      $ 1,000.00      $ 1,020.76      $ 4.42        0.87

Class R3

   $ 1,000.00      $ 1,138.00      $ 7.95      $ 1,000.00      $ 1,017.70      $ 7.51        1.48

Class R4

   $ 1,000.00      $ 1,139.90      $ 6.19      $ 1,000.00      $ 1,019.36      $ 5.84        1.15

Class R5

   $ 1,000.00      $ 1,141.90      $ 4.52      $ 1,000.00      $ 1,020.91      $ 4.27        0.84

Class R6

   $ 1,000.00      $ 1,142.10      $ 4.09      $ 1,000.00      $ 1,021.32      $ 3.86        0.76

Class Y

   $ 1,000.00      $ 1,141.70      $ 4.25      $ 1,000.00      $ 1,021.17      $ 4.01        0.79

Class F

   $ 1,000.00      $ 1,142.00      $ 4.04      $ 1,000.00      $ 1,021.37      $ 3.81        0.75

 

 

  41  

 


Hartford Domestic Equity Funds

Expense Examples (Unaudited) – (continued)

 

 

 

     Actual Return      Hypothetical (5% return before expenses)  
      Beginning
Account Value
May 1, 2020
    

Ending
Account Value

October 31, 2020

    

Expenses paid
during the period

May 1, 2020

through
October 31, 2020

     Beginning
Account Value
May 1, 2020
     Ending
Account Value
October 31, 2020
    

Expenses paid
during the period

May 1, 2020

through
October 31, 2020

     Annualized
expense
ratio
 

The Hartford MidCap Value Fund

 

                 

Class A

   $     1,000.00      $     1,069.20      $     6.66      $     1,000.00      $     1,018.70      $     6.50        1.28

Class C

   $ 1,000.00      $ 1,065.00      $ 10.64      $ 1,000.00      $ 1,014.83      $ 10.38        2.05

Class I

   $ 1,000.00      $ 1,071.10      $ 4.84      $ 1,000.00      $ 1,020.46      $ 4.72        0.93

Class R3

   $ 1,000.00      $ 1,066.90      $ 8.10      $ 1,000.00      $ 1,017.29      $ 7.91        1.56

Class R4

   $ 1,000.00      $ 1,068.80      $ 6.55      $ 1,000.00      $ 1,018.80      $ 6.39        1.26

Class R5

   $ 1,000.00      $ 1,070.90      $ 4.84      $ 1,000.00      $ 1,020.46      $ 4.72        0.93

Class Y

   $ 1,000.00      $ 1,071.60      $ 4.74      $ 1,000.00      $ 1,020.56      $ 4.62        0.91

Class F

   $ 1,000.00      $ 1,072.00      $ 4.37      $ 1,000.00      $ 1,020.91      $ 4.27        0.84

Hartford Quality Value Fund

 

                 

Class A

   $ 1,000.00      $ 1,060.40      $ 4.66      $ 1,000.00      $ 1,020.61      $ 4.57        0.90

Class C

   $ 1,000.00      $ 1,056.20      $ 8.84      $ 1,000.00      $ 1,016.54      $ 8.67        1.71

Class I

   $ 1,000.00      $ 1,062.50      $ 2.90      $ 1,000.00      $ 1,022.32      $ 2.85        0.56

Class R3

   $ 1,000.00      $ 1,059.40      $ 6.00      $ 1,000.00      $ 1,019.31      $ 5.89        1.16

Class R4

   $ 1,000.00      $ 1,060.40      $ 4.51      $ 1,000.00      $ 1,020.76      $ 4.42        0.87

Class R5

   $ 1,000.00      $ 1,062.10      $ 3.01      $ 1,000.00      $ 1,022.22      $ 2.95        0.58

Class R6

   $ 1,000.00      $ 1,063.10      $ 2.39      $ 1,000.00      $ 1,022.82      $ 2.34        0.46

Class Y

   $ 1,000.00      $ 1,062.60      $ 3.01      $ 1,000.00      $ 1,022.22      $ 2.95        0.58

Class F

   $ 1,000.00      $ 1,062.70      $ 2.39      $ 1,000.00      $ 1,022.82      $ 2.34        0.46

The Hartford Small Cap Growth Fund

 

                 

Class A

   $ 1,000.00      $ 1,221.50      $ 7.04      $ 1,000.00      $ 1,018.80      $ 6.39        1.26

Class C

   $ 1,000.00      $ 1,217.80      $ 10.59      $ 1,000.00      $ 1,015.59      $ 9.63        1.90

Class I

   $ 1,000.00      $ 1,223.90      $ 4.81      $ 1,000.00      $ 1,020.81      $ 4.37        0.86

Class R3

   $ 1,000.00      $ 1,220.30      $ 8.43      $ 1,000.00      $ 1,017.55      $ 7.66        1.51

Class R4

   $ 1,000.00      $ 1,221.90      $ 6.76      $ 1,000.00      $ 1,019.05      $ 6.14        1.21

Class R5

   $ 1,000.00      $ 1,223.80      $ 5.03      $ 1,000.00      $ 1,020.61      $ 4.57        0.90

Class R6

   $ 1,000.00      $ 1,224.60      $ 4.42      $ 1,000.00      $ 1,021.17      $ 4.01        0.79

Class Y

   $ 1,000.00      $ 1,224.30      $ 4.64      $ 1,000.00      $ 1,020.96      $ 4.22        0.83

Class F

   $ 1,000.00      $ 1,224.50      $ 4.42      $ 1,000.00      $ 1,021.17      $ 4.01        0.79

Hartford Small Cap Value Fund

 

                 

Class A

   $ 1,000.00      $ 1,146.60      $ 6.96      $ 1,000.00      $ 1,018.65      $ 6.55        1.29

Class C

   $ 1,000.00      $ 1,141.00      $ 10.92      $ 1,000.00      $ 1,014.93      $ 10.28        2.03

Class I

   $ 1,000.00      $ 1,147.80      $ 5.07      $ 1,000.00      $ 1,020.41      $ 4.77        0.94

Class R3

   $ 1,000.00      $ 1,144.90      $ 7.66      $ 1,000.00      $ 1,018.00      $ 7.20        1.42

Class R4

   $ 1,000.00      $ 1,146.60      $ 6.42      $ 1,000.00      $ 1,019.15      $ 6.04        1.19

Class R5

   $ 1,000.00      $ 1,148.50      $ 4.70      $ 1,000.00      $ 1,020.76      $ 4.42        0.87

Class R6

   $ 1,000.00      $ 1,148.50      $ 4.32      $ 1,000.00      $ 1,021.12      $ 4.06        0.80

Class Y

   $ 1,000.00      $ 1,148.70      $ 4.59      $ 1,000.00      $ 1,020.86      $ 4.32        0.85

Class F

   $ 1,000.00      $ 1,147.80      $ 4.32      $ 1,000.00      $ 1,021.12      $ 4.06        0.80

The Hartford Small Company Fund

 

                 

Class A

   $ 1,000.00      $ 1,386.60      $ 7.86      $ 1,000.00      $ 1,018.55      $ 6.65        1.31

Class C

   $ 1,000.00      $ 1,380.30      $ 12.86      $ 1,000.00      $ 1,014.33      $ 10.89        2.15

Class I

   $ 1,000.00      $ 1,388.40      $ 6.00      $ 1,000.00      $ 1,020.11      $ 5.08        1.00

Class R3

   $ 1,000.00      $ 1,385.10      $ 9.29      $ 1,000.00      $ 1,017.34      $ 7.86        1.55

Class R4

   $ 1,000.00      $ 1,386.90      $ 7.50      $ 1,000.00      $ 1,018.85      $ 6.34        1.25

Class R5

   $ 1,000.00      $ 1,388.70      $ 5.70      $ 1,000.00      $ 1,020.36      $ 4.82        0.95

Class R6

   $ 1,000.00      $ 1,389.80      $ 5.41      $ 1,000.00      $ 1,020.61      $ 4.57        0.90

Class Y

   $ 1,000.00      $ 1,388.90      $ 5.70      $ 1,000.00      $ 1,020.36      $ 4.82        0.95

Class F

   $ 1,000.00      $ 1,389.80      $ 5.41      $ 1,000.00      $ 1,020.61      $ 4.57        0.90

 

 

  42  

 


The Hartford Capital Appreciation Fund

Schedule of Investments

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
Common Stocks - 97.7%  
      Automobiles & Components - 0.2%  
  185,948    

Thor Industries, Inc.

  $ 15,727,482  
   

 

 

 
      Banks - 2.0%  
  1,965,717    

Bank of America Corp.

    46,587,493  
  183,540    

M&T Bank Corp.

    19,011,073  
  158,950    

PNC Financial Services Group, Inc.

    17,783,326  
  552,763    

Western Alliance Bancorp

    22,773,836  
  609,629    

Zions Bancorp N.A

    19,672,728  
   

 

 

 
      125,828,456  
   

 

 

 
      Capital Goods - 7.0%  
  156,184    

3M Co.

    24,983,193  
  217,731    

Caterpillar, Inc.

    34,194,654  
  656,094    

Colfax Corp.*

    17,839,196  
  370,214    

Emerson Electric Co.

    23,986,165  
  187,506    

Fortive Corp.

    11,550,370  
  196,424    

General Dynamics Corp.

    25,796,364  
  451,394    

HD Supply Holdings, Inc.*

    17,992,565  
  806,800    

HF Global, Inc.(1)(2)(3)

    12,505,400  
  1,260,965    

Ingersoll Rand, Inc.*

    44,058,117  
  813,015    

JELD-WEN Holding, Inc.*

    17,097,705  
  415,293    

Johnson Controls International plc

    17,529,517  
  568,274    

Kennametal, Inc.

    17,616,494  
  35,588    

L3Harris Technologies, Inc.

    5,733,583  
  186,453    

Lockheed Martin Corp.

    65,282,789  
  116,002    

Middleby Corp.*

    11,546,839  
  174,806    

Northrop Grumman Corp.

    50,662,275  
  311,016    

Raytheon Technologies Corp.

    16,894,389  
  507,848    

SPX FLOW, Inc.*

    21,507,363  
  149,305    

Westinghouse Air Brake Technologies Corp.

    8,853,786  
   

 

 

 
      445,630,764  
   

 

 

 
      Commercial & Professional Services - 1.5%  
  396,652    

Clean Harbors, Inc.*

    21,010,656  
  413,986    

Copart, Inc.*

    45,687,495  
  36,626    

CoStar Group, Inc.*

    30,165,540  
   

 

 

 
      96,863,691  
   

 

 

 
      Consumer Durables & Apparel - 3.6%  
  213,900    

Carter’s, Inc.

    17,422,155  
  193,562    

Lennar Corp. Class A

    13,593,859  
  566,570    

NIKE, Inc. Class B

    68,033,726  
  303,944    

Peloton Interactive, Inc. Class A*

    33,497,668  
  277,468    

Polaris, Inc.

    25,210,743  
  830,540    

Steven Madden Ltd.

    19,941,265  
  844,293    

Under Armour, Inc. Class A*

    11,685,015  
  1,344,942    

Under Armour, Inc. Class C*

    16,448,641  
  368,847    

VF Corp.

    24,786,518  
   

 

 

 
      230,619,590  
   

 

 

 
      Consumer Services - 5.0%  
  310,230    

Aramark

    8,605,780  
  231,098    

Chegg, Inc.*

    16,971,837  
  1,352,892    

DraftKings, Inc. Class A*

    47,892,377  
  573,339    

Las Vegas Sands Corp.

    27,554,672  
  769,873    

McDonald’s Corp.

    163,982,949  
  244,177    

Penn National Gaming, Inc.*

    13,180,674  
  437,866    

Wyndham Hotels & Resorts, Inc.

    20,365,148  
  208,256    

Yum! Brands, Inc.

    19,436,533  
   

 

 

 
      317,989,970  
   

 

 

 
      Diversified Financials - 2.2%  
  931,551    

American Express Co.

    84,994,713  
  617,333    

Bank of New York Mellon Corp.

    21,211,562  
  251,480    

Blackstone Group, Inc. Class A

    12,679,622  
  427,943    

Voya Financial, Inc.

    20,511,308  
   

 

 

 
      139,397,205  
   

 

 

 
Shares or Principal Amount   Market Value  
Common Stocks - 97.7% - (continued)  
      Energy - 0.2%  
  482,698    

Diamondback Energy, Inc.

  $ 12,530,840  
   

 

 

 
      Food & Staples Retailing - 0.7%  
  904,967    

U.S. Foods Holding Corp.*

    18,913,811  
  184,855    

Walmart, Inc.

    25,648,631  
   

 

 

 
      44,562,442  
   

 

 

 
      Food, Beverage & Tobacco - 7.6%  
  703,498    

Altria Group, Inc.

    25,382,208  
  222,464    

Brown-Forman Corp. Class B

    15,507,965  
  1,468,786    

Coca-Cola Co.

    70,589,855  
  261,105    

Constellation Brands, Inc. Class A

    43,142,379  
  1,790,435    

Diageo plc

    57,863,002  
  450,538    

General Mills, Inc.

    26,635,807  
  192,269    

JM Smucker Co.

    21,572,582  
  245,577    

Kellogg Co.

    15,444,337  
  252,689    

Lamb Weston Holdings, Inc.

    16,033,117  
  758,045    

Mondelez International, Inc. Class A

    40,267,350  
  653,922    

Monster Beverage Corp.*

    50,070,808  
  482,637    

PepsiCo., Inc.

    64,330,686  
  533,507    

Philip Morris International, Inc.

    37,889,667  
   

 

 

 
      484,729,763  
   

 

 

 
      Health Care Equipment & Services - 9.5%  
  79,694    

ABIOMED, Inc.*

    20,073,325  
  444,511    

Acadia Healthcare Co., Inc.*

    15,846,817  
  90,838    

Align Technology, Inc.*

    38,704,255  
  464,082    

Baxter International, Inc.

    35,998,841  
  39,335    

Becton Dickinson and Co.

    9,091,499  
  262,671    

Centene Corp.*

    15,523,856  
  334,148    

Cerner Corp.

    23,420,433  
  250,781    

Danaher Corp.

    57,564,271  
  71,758    

DexCom, Inc.*

    22,932,422  
  330,439    

Encompass Health Corp.

    20,259,215  
  264,931    

Henry Schein, Inc.*

    16,844,313  
  137,936    

Hill-Rom Holdings, Inc.

    12,561,831  
  340,654    

Hologic, Inc.*

    23,443,808  
  235,271    

Insulet Corp.*

    52,288,980  
  66,362    

Intuitive Surgical, Inc.*

    44,268,763  
  648,689    

Medtronic plc

    65,238,653  
  66,977    

Molina Healthcare, Inc.*

    12,489,201  
  66,176    

Teleflex, Inc.

    21,059,188  
  228,032    

UnitedHealth Group, Inc.

    69,581,684  
  89,534    

Veeva Systems, Inc. Class A*

    24,178,657  
   

 

 

 
      601,370,012  
   

 

 

 
      Household & Personal Products - 2.6%  
  94,437    

Clorox Co.

    19,572,068  
  939,929    

Colgate-Palmolive Co.

    74,150,999  
  302,655    

Kimberly-Clark Corp.

    40,129,027  
  208,631    

Procter & Gamble Co.

    28,603,310  
   

 

 

 
      162,455,404  
   

 

 

 
      Insurance - 3.6%  
  1,027,258    

Aflac, Inc.

    34,875,409  
  157,135    

Assurant, Inc.

    19,542,880  
  456,889    

Chubb Ltd.

    59,354,450  
  1,284,271    

CNO Financial Group, Inc.

    22,795,810  
  223,490    

Globe Life, Inc.

    18,122,804  
  179,106    

Hanover Insurance Group, Inc.

    17,133,280  
  230,529    

Kemper Corp.

    14,214,418  
  386,239    

Marsh & McLennan Cos., Inc.

    39,960,287  
   

 

 

 
      225,999,338  
   

 

 

 
      Materials - 3.1%  
  449,355    

Barrick Gold Corp.

    12,011,259  
  228,861    

Celanese Corp.

    25,978,012  
  182,197    

Ecolab, Inc.

    33,449,547  
 

 

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

 

 

  43  

 


The Hartford Capital Appreciation Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
Common Stocks - 97.7% - (continued)  
      Materials - 3.1% - (continued)  
  451,283    

FMC Corp.

  $ 46,364,816  
  365,403    

Linde plc

    80,512,897  
   

 

 

 
      198,316,531  
   

 

 

 
      Media & Entertainment - 6.0%  
  431,870    

Activision Blizzard, Inc.

    32,705,515  
  32,393    

Alphabet, Inc. Class A*

    52,350,651  
  323,317    

Facebook, Inc. Class A*

    85,067,936  
  250,485    

Match Group, Inc.*

    29,251,638  
  417,595    

Omnicom Group, Inc.

    19,710,484  
  443,531    

Pinterest, Inc. Class A*

    26,146,152  
  134,073    

Roku, Inc.*

    27,136,375  
  946,486    

Snap, Inc. Class A*

    37,282,084  
  91,598    

Spotify Technology S.A.*

    21,973,444  
  409,541    

Twitter, Inc.*

    16,938,616  
  256,235    

Walt Disney Co.

    31,068,494  
   

 

 

 
      379,631,389  
   

 

 

 
      Pharmaceuticals, Biotechnology & Life Sciences - 6.7%  
  141,485    

Alnylam Pharmaceuticals, Inc.*

    17,398,410  
  256,869    

AstraZeneca plc ADR

    12,884,549  
  17,410    

Biogen, Inc.*

    4,388,539  
  61,045    

Bluebird Bio, Inc.*

    3,156,637  
  527,851    

ChemoCentryx, Inc.*

    25,336,848  
  516,739    

Elanco Animal Health, Inc.*

    16,024,076  
  319,949    

Exact Sciences Corp.*

    39,619,285  
  129,743    

Galapagos N.V.*

    15,165,291  
  2,100    

Galapagos N.V. ADR*(4)

    244,608  
  236,834    

Heron Therapeutics, Inc.*

    3,862,763  
  520,726    

Johnson & Johnson

    71,396,742  
  82,374    

Kodiak Sciences, Inc.*

    7,480,383  
  23,275    

Mettler-Toledo International, Inc.*

    23,226,355  
  1,842,700    

Pfizer, Inc.

    65,378,996  
  559,437    

PTC Therapeutics, Inc.*

    29,197,017  
  41,235    

Reata Pharmaceuticals, Inc. Class A*

    4,812,537  
  31,921    

Regeneron Pharmaceuticals, Inc.*

    17,350,979  
  93,799    

Seagen, Inc.*

    15,645,673  
  69,313    

Thermo Fisher Scientific, Inc.

    32,793,367  
  115,232    

Vertex Pharmaceuticals, Inc.*

    24,009,739  
   

 

 

 
      429,372,794  
   

 

 

 
      Real Estate - 3.6%  
  139,172    

Alexandria Real Estate Equities, Inc. REIT

    21,087,341  
  75,326    

American Tower Corp. REIT

    17,298,616  
  426,581    

Americold Realty Trust REIT

    15,455,030  
  127,761    

Crown Castle International Corp. REIT

    19,956,268  
  27,488    

Equinix, Inc. REIT

    20,100,325  
  682,822    

Gaming and Leisure Properties, Inc. REIT

    24,820,580  
  456,843    

Highwoods Properties, Inc. REIT

    13,600,216  
  166,033    

Life Storage, Inc. REIT

    18,952,667  
  127,984    

Public Storage REIT

    29,317,295  
  828,139    

STORE Capital Corp. REIT

    21,283,172  
  1,274,634    

VICI Properties, Inc. REIT

    29,252,850  
  8,145    

We Co. Class A(1)(2)(3)

    41,377  
   

 

 

 
      231,165,737  
   

 

 

 
      Retailing - 8.9%  
  95,472    

Alibaba Group Holding Ltd. ADR*

    29,089,364  
  59,856    

Amazon.com, Inc.*

    181,731,794  
  19,384    

AutoZone, Inc.*

    21,884,148  
  32,126    

Booking Holdings, Inc.*

    52,124,435  
  410,633    

Chewy, Inc. Class A*(4)

    25,294,993  
  133,306    

Dollar General Corp.

    27,822,295  
  10,615    

JAND, Inc. Class A*(1)(2)(3)

    234,804  
  411,696    

Lowe’s Cos., Inc.

    65,089,138  
  2,919,644    

TJX Cos., Inc.

    148,317,915  
Shares or Principal Amount   Market Value  
Common Stocks - 97.7% - (continued)  
      Retailing - 8.9% - (continued)  
  316,327    

Tory Burch LLC*(1)(2)(3)

  $ 13,051,639  
   

 

 

 
      564,640,525  
   

 

 

 
      Semiconductors & Semiconductor Equipment - 4.1%  
  532,372    

Advanced Micro Devices, Inc.*

    40,082,288  
  214,828    

First Solar, Inc.*

    18,699,703  
  901,947    

Marvell Technology Group Ltd.

    33,832,032  
  611,779    

Micron Technology, Inc.*

    30,796,955  
  190,623    

MKS Instruments, Inc.

    20,661,627  
  148,550    

NVIDIA Corp.

    74,477,028  
  289,355    

Texas Instruments, Inc.

    41,837,839  
   

 

 

 
      260,387,472  
   

 

 

 
      Software & Services - 10.6%  
  163,722    

Accenture plc Class A

    35,512,939  
  254,738    

Amdocs Ltd.

    14,362,128  
  86,071    

Citrix Systems, Inc.

    9,749,262  
  39,741    

Fair Isaac Corp.*

    15,556,615  
  180,360    

FleetCor Technologies, Inc.*

    39,843,328  
  753,395    

Genpact Ltd.

    25,894,186  
  202,256    

Global Payments, Inc.

    31,903,861  
  562,006    

GoDaddy, Inc. Class A*

    39,756,305  
  179,549    

Guidewire Software, Inc.*

    17,256,454  
  363,524    

International Business Machines Corp.

    40,591,090  
  218,217    

Leidos Holdings, Inc.

    18,112,011  
  244,945    

Microsoft Corp.

    49,594,014  
  2,016,017    

Multiplan Corp.*(4)

    14,716,924  
  826,571    

Oracle Corp.

    46,378,899  
  61,641    

Paycom Software, Inc.*

    22,442,872  
  70,115    

RingCentral, Inc. Class A*

    18,113,509  
  197,224    

Splunk, Inc.*

    39,058,241  
  289,147    

Square, Inc. Class A*

    44,783,087  
  144,981    

Visa, Inc. Class A

    26,344,498  
  178,113    

WEX, Inc.*

    22,540,200  
  469,325    

Workday, Inc. Class A*

    98,614,569  
   

 

 

 
      671,124,992  
   

 

 

 
      Technology Hardware & Equipment - 4.1%  
  1,260,615    

Apple, Inc.

    137,230,549  
  207,503    

CDW Corp.

    25,439,868  
  1,209,882    

Cisco Systems, Inc.

    43,434,764  
  1,943,744    

Flex Ltd.*

    27,503,978  
  289,628    

Lumentum Holdings, Inc.*

    23,949,339  
  75,002    

Vontier Corp.*

    2,155,557  
   

 

 

 
      259,714,055  
   

 

 

 
      Telecommunication Services - 0.8%  
  451,140    

T-Mobile U.S., Inc.*

    49,431,410  
   

 

 

 
      Transportation - 3.7%      
  337,312    

Canadian National Railway Co.

    33,508,401  
  195,251    

FedEx Corp.

    50,661,777  
  206,352    

J.B. Hunt Transport Services, Inc.

    25,121,293  
  63,277    

Southwest Airlines Co.

    2,501,340  
  1,094,942    

Uber Technologies, Inc.*

    36,582,012  
  254,583    

Union Pacific Corp.

    45,109,562  
  254,585    

United Parcel Service, Inc. Class B

    39,997,849  
   

 

 

 
      233,482,234  
   

 

 

 
      Utilities - 0.4%  
  211,718    

Sempra Energy

    26,540,968  
   

 

 

 
 

Total Common Stocks
(cost $5,189,569,720)

  $ 6,207,513,064  
   

 

 

 
 

 

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

 

 

  44  

 


The Hartford Capital Appreciation Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
Convertible Preferred Stocks - 0.7%  
      Commercial & Professional Services - 0.0%  
  33,739    

Rubicon Global Holdings LLC Series C*(1)(2)(3)

  $ 540,836  
   

 

 

 
      Consumer Services - 0.0%  
  20,148    

Airbnb, Inc. Series E*(1)(2)(3)

    840,675  
   

 

 

 
      Diversified Financials - 0.1%  
  348,919    

Social Finance, Inc. Series F*(1)(2)(3)

    5,432,669  
   

 

 

 
      Real Estate - 0.2%  
  674,436    

We Co. Series D1*(1)(2)(3)

    5,280,834  
  599,094    

We Co. Series D2*(1)(2)(3)

    4,690,906  
   

 

 

 
      9,971,740  
   

 

 

 
      Retailing - 0.2%  
  269,407    

Coupang LLC *(1)(2)(3)

    2,311,512  
  28,025    

Honest Co., Inc. Series C*(1)(2)(3)

    988,161  
  278,194    

Honest Co., Inc. Series D *(1)(2)(3)

    11,461,593  
  23,702    

JAND, Inc. Series D*(1)(2)(3)

    531,399  
   

 

 

 
      15,292,665  
   

 

 

 
      Software & Services - 0.2%  
  566,622    

Essence Group Holdings Corp. Series 3*(1)(2)(3)

    1,314,563  
  77,707    

Lookout, Inc. Series F*(1)(2)(3)

    674,497  
  47,064    

Sharecare, Inc. Series B2*(1)(2)(3)

    10,858,135  
   

 

 

 
      12,847,195  
   

 

 

 
 

Total Convertible Preferred Stocks
(cost $56,463,187)

  $ 44,925,780  
   

 

 

 
Escrows - 0.0%(5)  
      Consumer Durables & Apparel - 0.0%  
  83,332    

One Kings Lane, Inc.*(1)(2)(3)

  $ 13,333  
   

 

 

 
      Software & Services - 0.0%  
  58,205    

Veracode, Inc.*(1)(2)(3)

    39,056  
   

 

 

 
 

Total Escrows
(cost $—)

  $ 52,389  
   

 

 

 
 

Total Long-Term Investments
(cost $5,246,032,907)

  $ 6,252,491,233  
   

 

 

 
Short-Term Investments - 1.4%  
      Repurchase Agreements - 1.2%  
  77,872,403    

Fixed Income Clearing Corp. Repurchase Agreement dated 10/30/2020 at 0.060%, due on 11/02/2020 with a maturity value of $77,872,792; collateralized by U.S. Treasury Note at 2.250%, maturing 11/15/2027, with a market value of $79,429,944

  $ 77,872,403  
   

 

 

 
      Securities Lending Collateral - 0.2%  
  13,291,701    

Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 0.02%(6)

    13,291,701  
  13,415    

Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 0.03%(6)

    13,415  
   

 

 

 
      13,305,116  
   

 

 

 
 

Total Short-Term Investments
(cost $91,177,519)

  $ 91,177,519  
   

 

 

 
 

Total Investments
(cost $5,337,210,426)

    99.8   $ 6,343,668,752  
 

Other Assets and Liabilities

    0.2     13,288,365  
   

 

 

 

 

   

 

 

 
 

Total Net Assets

    100.0   $ 6,356,957,117  
   

 

 

 

 

   

 

 

 

 

Note:

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

    

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

 

    

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

 

    

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

 

    

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

    

See “Glossary” for abbreviation descriptions.

 

*

Non-income producing.

 

(1) 

Investment valued using significant unobservable inputs.

 

(2)

These securities are valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At October 31, 2020, the aggregate fair value of these securities was $70,811,389, which represented 1.1% of total net assets. This amount excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors.

 

(3) 

Investment in securities not registered under the Securities Act of 1933 (excluding securities acquired pursuant to Rule 144A and Regulation S). At the end of the period, the value of such restricted securities amounted to $70,811,389 or 1.1% of net assets.

 

Period
Acquired

  

Security Name

  Shares/
Par Value
    Total Cost     Market Value  
06/2015    Airbnb, Inc. Series E Convertible Preferred     20,148     $ 937,833     $ 840,675  
11/2014    Coupang LLC Convertible Preferred     269,407       838,697       2,311,512  
05/2014    Essence Group Holdings Corp. Series 3 Convertible Preferred     566,622       895,999       1,314,563  
06/2015    HF Global, Inc.     806,800       10,846,942       12,505,400  
08/2014    Honest Co., Inc. Series C Convertible Preferred     28,025       758,281       988,161  
08/2015    Honest Co., Inc. Series D Convertible Preferred     278,194       12,728,766       11,461,593  
04/2015    JAND, Inc. Class A     10,615       121,916       234,804  
04/2015    JAND, Inc. Series D Convertible Preferred     23,702       272,225       531,399  
07/2014    Lookout, Inc. Series F Convertible Preferred     77,707       887,655       674,497  
01/2014    One Kings Lane, Inc.     83,332             13,333  
09/2015    Rubicon Global Holdings LLC Series C Convertible Preferred     33,739       673,447       540,836  
03/2015    Sharecare, Inc. Series B2 Convertible Preferred     47,064       11,759,882       10,858,135  
09/2015    Social Finance, Inc. Series F Convertible Preferred     348,919       5,504,651       5,432,669  
11/2013    Tory Burch LLC     316,327       24,792,580       13,051,639  
04/2017    Veracode, Inc.     58,205             39,056  
12/2014    We Co. Class A     8,145       135,624       41,377  
 

 

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

 

 

  45  

 


The Hartford Capital Appreciation Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Period
Acquired

  

Security Name

  Shares/
Par Value
    Total Cost     Market Value  
12/2014    We Co. Series D1 Convertible Preferred     674,436     $ 11,230,142     $ 5,280,834  
12/2014    We Co. Series D2 Convertible Preferred     599,094       9,975,610     $ 4,690,906  
      

 

 

   

 

 

 
               $92,360,250     $70,811,389  
      

 

 

   

 

 

 
(4) 

Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information.

 

(5) 

Share amount represents shares of the issuer previously held that resulted in receipt of the escrow.

 

(6) 

Current yield as of period end.

 

 

Futures Contracts Outstanding at October 31, 2020  

Description

   Number of
Contracts
     Expiration
Date
     Current
Notional
Amount
     Value and
Unrealized
Appreciation/
(Depreciation)
 

Long position contracts:

           

S&P 500 (E-Mini) Future

     390        12/18/2020      $ 63,661,650      $ (2,106,396
           

 

 

 

Total futures contracts

            $ (2,106,396
           

 

 

 

 

 

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

Fair Value Summary

The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.

 

Description

   Total     Level 1     Level 2      Level 3(1)  

Assets

 

Common Stocks

 

Automobiles & Components

   $ 15,727,482     $ 15,727,482     $      $  

Banks

     125,828,456       125,828,456               

Capital Goods

     445,630,764       433,125,364              12,505,400  

Commercial & Professional Services

     96,863,691       96,863,691               

Consumer Durables & Apparel

     230,619,590       230,619,590               

Consumer Services

     317,989,970       317,989,970               

Diversified Financials

     139,397,205       139,397,205               

Energy

     12,530,840       12,530,840               

Food & Staples Retailing

     44,562,442       44,562,442               

Food, Beverage & Tobacco

     484,729,763       426,866,761       57,863,002         

Health Care Equipment & Services

     601,370,012       601,370,012               

Household & Personal Products

     162,455,404       162,455,404               

Insurance

     225,999,338       225,999,338               

Materials

     198,316,531       198,316,531               

Media & Entertainment

     379,631,389       379,631,389               

Pharmaceuticals, Biotechnology & Life Sciences

     429,372,794       414,207,503       15,165,291         

Real Estate

     231,165,737       231,124,360              41,377  

Retailing

     564,640,525       551,354,082              13,286,443  

Semiconductors & Semiconductor Equipment

     260,387,472       260,387,472               

Software & Services

     671,124,992       671,124,992               

Technology Hardware & Equipment

     259,714,055       259,714,055               

Telecommunication Services

     49,431,410       49,431,410               

Transportation

     233,482,234       233,482,234               

Utilities

     26,540,968       26,540,968               

Convertible Preferred Stocks

     44,925,780                    44,925,780  

Escrows

     52,389                    52,389  

Short-Term Investments

     91,177,519       13,305,116       77,872,403         
  

 

 

   

 

 

   

 

 

    

 

 

 

Total

   $     6,343,668,752     $     6,121,956,667     $     150,900,696      $     70,811,389  
  

 

 

   

 

 

   

 

 

    

 

 

 

Liabilities

 

Futures Contracts(2)

   $ (2,106,396   $ (2,106,396   $      $  
  

 

 

   

 

 

   

 

 

    

 

 

 

Total

   $ (2,106,396   $ (2,106,396   $      $  
  

 

 

   

 

 

   

 

 

    

 

 

 

 

(1) 

For the year ended October 31, 2020, investments valued at $17,924,974 were transferred out of Level 3 due to the initiation of a vendor providing prices that are based on market activity which has been determined to be significant observable input and there were no transfers in to Level 3.

 

(2) 

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

 

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

 

 

  46  

 


The Hartford Capital Appreciation Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

The following is a rollforward of the Fund’s investments that were valued using unobservable inputs (Level 3) for the year ended October 31, 2020:

 

     Common
Stocks
    Convertible
Preferred
Stocks
    Escrows     Total  

Beginning balance

   $ 66,160,890     $ 53,985,898     $ 56,188     $ 120,202,976  

Sales

         (16,418,315     (1,805,662         (18,051         (18,242,028

Total realized gain/(loss)

     (35,113     143,885       18,051       126,823  

Net change in unrealized appreciation/(depreciation)

     (5,949,268     (7,398,341     (3,799     (13,351,408

Transfers out of Level 3

     (17,924,974                 (17,924,974
  

 

 

   

 

 

   

 

 

   

 

 

 

Ending balance

   $ 25,833,220     $     44,925,780     $ 52,389     $ 70,811,389  
  

 

 

   

 

 

   

 

 

   

 

 

 

The change in net unrealized appreciation/(depreciation) relating to the Level 3 investments held at October 31, 2020 was $(13,240,836).

 

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

 

 

  47  

 


Hartford Core Equity Fund

Schedule of Investments

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
Common Stocks - 97.0%  
      Banks - 4.9%  
  6,116,367    

Bank of America Corp.

  $ 144,957,898  
  1,764,993    

JP Morgan Chase & Co.

    173,039,913  
  903,569    

PNC Financial Services Group, Inc.

    101,091,300  
   

 

 

 
      419,089,111  
   

 

 

 
      Capital Goods - 5.4%  
  951,722    

AMETEK, Inc.

    93,459,100  
  1,360,549    

Fortune Brands Home & Security, Inc.

    110,027,598  
  421,353    

IDEX Corp.

    71,794,338  
  594,759    

Illinois Tool Works, Inc.

    116,501,393  
  1,355,794    

Raytheon Technologies Corp.

    73,646,730  
   

 

 

 
      465,429,159  
   

 

 

 
      Commercial & Professional Services - 1.8%  
  480,348    

Equifax, Inc.

    65,615,537  
  1,009,666    

Republic Services, Inc.

    89,022,251  
   

 

 

 
      154,637,788  
   

 

 

 
      Consumer Durables & Apparel - 2.4%  
  897,307    

NIKE, Inc. Class B

    107,748,625  
  1,506,992    

VF Corp.

    101,269,862  
   

 

 

 
      209,018,487  
   

 

 

 
      Consumer Services - 1.6%  
  638,422    

McDonald’s Corp.

    135,983,886  
   

 

 

 
      Diversified Financials - 3.2%  
  893,815    

American Express Co.

    81,551,680  
  151,518    

BlackRock, Inc.

    90,791,101  
  2,174,873    

Morgan Stanley

    104,720,135  
   

 

 

 
      277,062,916  
   

 

 

 
      Energy - 0.7%  
  1,736,617    

EOG Resources, Inc.

    59,461,766  
   

 

 

 
      Food & Staples Retailing - 3.0%  
  305,474    

Costco Wholesale Corp.

    109,243,612  
  1,043,778    

Walmart, Inc.

    144,824,197  
   

 

 

 
      254,067,809  
   

 

 

 
      Food, Beverage & Tobacco - 2.9%  
  694,296    

Constellation Brands, Inc. Class A

    114,718,528  
  679,884    

Kellogg Co.

    42,757,905  
  1,191,831    

Monster Beverage Corp.*

    91,258,500  
   

 

 

 
      248,734,933  
   

 

 

 
      Health Care Equipment & Services - 8.9%  
  771,933    

Abbott Laboratories

    81,137,878  
  1,351,514    

Baxter International, Inc.

    104,836,941  
  376,211    

Becton Dickinson and Co.

    86,953,648  
  558,498    

Danaher Corp.

    128,197,631  
  1,586,112    

Hologic, Inc.*

    109,156,228  
  371,067    

Laboratory Corp. of America Holdings*

    74,128,054  
  585,212    

UnitedHealth Group, Inc.

    178,571,590  
   

 

 

 
      762,981,970  
   

 

 

 
      Household & Personal Products - 3.9%  
  1,475,430    

Colgate-Palmolive Co.

    116,396,673  
  1,593,319    

Procter & Gamble Co.

    218,444,035  
   

 

 

 
      334,840,708  
   

 

 

 
      Insurance - 1.5%  
  1,718,858    

Athene Holding Ltd. Class A*

    55,140,965  
  596,075    

Chubb Ltd.

    77,436,103  
   

 

 

 
      132,577,068  
   

 

 

 
      Materials - 2.0%  
  745,156    

PPG Industries, Inc.

    96,661,636  
  494,671    

Vulcan Materials Co.

    71,648,148  
   

 

 

 
      168,309,784  
   

 

 

 
Shares or Principal Amount   Market Value  
Common Stocks - 97.0% - (continued)  
      Media & Entertainment - 8.8%  
  235,809    

Alphabet, Inc. Class A*

  $ 381,093,283  
  882,057    

Facebook, Inc. Class A*

    232,078,017  
  1,213,867    

Walt Disney Co.

    147,181,374  
   

 

 

 
      760,352,674  
   

 

 

 
      Pharmaceuticals, Biotechnology & Life Sciences - 5.4%  
  1,068,092    

Eli Lilly & Co.

    139,343,282  
  1,390,283    

Merck & Co., Inc.

    104,563,184  
  96,921    

Regeneron Pharmaceuticals, Inc.*

    52,682,379  
  353,357    

Thermo Fisher Scientific, Inc.

    167,180,264  
   

 

 

 
      463,769,109  
   

 

 

 
      Real Estate - 1.8%  
  431,634    

American Tower Corp. REIT

    99,124,748  
  719,512    

Boston Properties, Inc. REIT

    52,099,864  
   

 

 

 
      151,224,612  
   

 

 

 
      Retailing - 6.1%  
  130,900    

Amazon.com, Inc.*

    397,432,035  
  2,468,866    

TJX Cos., Inc.

    125,418,393  
   

 

 

 
      522,850,428  
   

 

 

 
      Semiconductors & Semiconductor Equipment - 5.4%  
  858,551    

Advanced Micro Devices, Inc.*

    64,640,305  
  284,871    

KLA Corp.

    56,170,864  
  1,010,388    

Micron Technology, Inc.*

    50,862,932  
  747,865    

QUALCOMM, Inc.

    92,256,626  
  750,327    

Teradyne, Inc.

    65,916,227  
  943,735    

Texas Instruments, Inc.

    136,454,644  
   

 

 

 
      466,301,598  
   

 

 

 
      Software & Services - 12.7%  
  725,613    

Fidelity National Information Services, Inc.

    90,404,124  
  538,069    

Global Payments, Inc.

    84,875,004  
  898,230    

GoDaddy, Inc. Class A*

    63,540,790  
  1,063,337    

Leidos Holdings, Inc.

    88,256,971  
  486,210    

Mastercard, Inc. Class A

    140,339,655  
  1,660,443    

Microsoft Corp.

    336,189,894  
  666,466    

salesforce.com, Inc.*

    154,800,058  
  914,379    

SS&C Technologies Holdings, Inc.

    54,149,524  
  373,465    

Workday, Inc. Class A*

    78,472,466  
   

 

 

 
      1,091,028,486  
   

 

 

 
      Technology Hardware & Equipment - 8.3%  
  4,060,120    

Apple, Inc.

    441,984,663  
  540,209    

CDW Corp.

    66,229,623  
  3,225,178    

Corning, Inc.

    103,108,941  
  668,184    

Motorola Solutions, Inc.

    105,613,163  
   

 

 

 
      716,936,390  
   

 

 

 
      Telecommunication Services - 1.5%  
  2,227,704    

Verizon Communications, Inc.

    126,956,851  
   

 

 

 
      Transportation - 1.6%  
  526,915    

FedEx Corp.

    136,718,635  
   

 

 

 
      Utilities - 3.2%  
  1,435,921    

American Electric Power Co., Inc.

    129,132,375  
  1,990,432    

NextEra Energy, Inc.

    145,719,527  
   

 

 

 
      274,851,902  
   

 

 

 
 

Total Common Stocks
(cost $6,382,611,636)

  $ 8,333,186,070  
   

 

 

 
 

 

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

 

 

  48  

 


Hartford Core Equity Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
Short-Term Investments - 1.8%  
      Repurchase Agreements - 1.8%  
  153,723,081    

Fixed Income Clearing Corp. Repurchase Agreement dated 10/30/2020 at 0.060%, due on 11/02/2020 with a maturity value of $153,723,850; collateralized by U.S. Treasury Note at 2.875%, maturing 05/15/2028, with a market value of $156,797,580

  $ 153,723,081  
   

 

 

 
 

Total Short-Term Investments
(cost $153,723,081)

  $ 153,723,081  
   

 

 

 
 

Total Investments
(cost $6,536,334,717)

    98.8    $ 8,486,909,151  
 

Other Assets and Liabilities

    1.2      105,843,280  
   

 

 

    

 

 

 
 

Total Net Assets

    100.0    $ 8,592,752,431  
   

 

 

    

 

 

 
Note:

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

 

    

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

 

    

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

    

See “Glossary” for abbreviation descriptions.

 

*

Non-income producing.

 

 

Futures Contracts Outstanding at October 31, 2020  

Description

   Number of
Contracts
     Expiration Date      Current
Notional
Amount
     Value and
Unrealized
Appreciation/
(Depreciation)
 
Long position contracts:  

S&P 500 (E-Mini) Future

     810        12/18/2020      $     132,220,350      $     (2,034,977
              

 

 

 

Total futures contracts

 

   $     (2,034,977
              

 

 

 

 

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

Fair Value Summary

The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.

 

Description

   Total      Level 1      Level 2      Level 3(1)  

Assets

 

Common Stocks

 

Banks

   $ 419,089,111      $ 419,089,111      $      $  

Capital Goods

     465,429,159        465,429,159                

Commercial & Professional Services

     154,637,788        154,637,788                

Consumer Durables & Apparel

     209,018,487        209,018,487                

Consumer Services

     135,983,886        135,983,886                

Diversified Financials

     277,062,916        277,062,916                

Energy

     59,461,766        59,461,766                

Food & Staples Retailing

     254,067,809        254,067,809                

Food, Beverage & Tobacco

     248,734,933        248,734,933                

Health Care Equipment & Services

     762,981,970        762,981,970                

Household & Personal Products

     334,840,708        334,840,708                

Insurance

     132,577,068        132,577,068                

Materials

     168,309,784        168,309,784                

Media & Entertainment

     760,352,674        760,352,674                

Pharmaceuticals, Biotechnology & Life Sciences

     463,769,109        463,769,109                

Real Estate

     151,224,612        151,224,612                

Retailing

     522,850,428        522,850,428                

Semiconductors & Semiconductor Equipment

     466,301,598        466,301,598                

Software & Services

     1,091,028,486        1,091,028,486                

Technology Hardware & Equipment

     716,936,390        716,936,390                

Telecommunication Services

     126,956,851        126,956,851                

Transportation

     136,718,635        136,718,635                

Utilities

     274,851,902        274,851,902                

Short-Term Investments

     153,723,081               153,723,081         
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $     8,486,909,151      $     8,333,186,070      $     153,723,081      $     —  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

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

 

 

  49  

 


Hartford Core Equity Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Description

   Total     Level 1     Level 2      Level 3(1)  

Liabilities

 

Futures Contracts(2)

   $ (2,034,977   $ (2,034,977   $      $  
  

 

 

   

 

 

   

 

 

    

 

 

 

Total

   $ (2,034,977   $ (2,034,977   $      $  
  

 

 

   

 

 

   

 

 

    

 

 

 

 

(1) 

For the year ended October 31, 2020, there were no transfers in and out of Level 3.

 

(2) 

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

 

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

 

 

  50  

 


The Hartford Dividend and Growth Fund

Schedule of Investments

October 31, 2020

 

 

 

Shares or Principal Amount     Market Value  
Common Stocks - 96.9%  
      Banks - 8.7%  
  11,752,805    

Bank of America Corp.

    $ 278,541,478  
  1,186,995    

Bank of Nova Scotia

      49,331,512  
  595,137    

Citigroup, Inc.

      24,650,575  
  3,204,040    

JP Morgan Chase & Co.

      314,124,082  
  1,199,199    

PNC Financial Services Group, Inc.

      134,166,384  
     

 

 

 
        800,814,031  
     

 

 

 
      Capital Goods - 8.3%  
  590,635    

Deere & Co.

      133,430,353  
  660,476    

Eaton Corp. plc

      68,550,804  
  534,847    

General Dynamics Corp.

      70,241,456  
  2,148,991    

Ingersoll Rand, Inc.*

      75,085,745  
  3,800,438    

Johnson Controls International plc

      160,416,488  
  250,697    

Lockheed Martin Corp.

      87,776,541  
  902,067    

Otis Worldwide Corp.

      55,278,666  
  2,085,633    

Raytheon Technologies Corp.

      113,291,585  
     

 

 

 
        764,071,638  
     

 

 

 
      Consumer Services - 2.1%  
  1,045,090    

Hilton Worldwide Holdings, Inc.

      91,769,353  
  473,545    

McDonald’s Corp.

      100,865,085  
     

 

 

 
        192,634,438  
     

 

 

 
      Diversified Financials - 4.5%  
  1,449,725    

American Express Co.

      132,272,909  
  207,109    

BlackRock, Inc.

      124,101,784  
  1,915,594    

Charles Schwab Corp.

      78,750,069  
  1,014,580    

Northern Trust Corp.

      79,411,177  
     

 

 

 
        414,535,939  
     

 

 

 
      Energy - 3.7%  
  1,827,063    

Chevron Corp.

      126,980,879  
  2,874,349    

ConocoPhillips

      82,263,868  
  1,033,932    

Hess Corp.

      38,482,949  
  1,766,120    

Marathon Petroleum Corp.

      52,100,540  
  1,424,746    

Total SE ADR

      43,212,546  
     

 

 

 
        343,040,782  
     

 

 

 
      Food & Staples Retailing - 2.7%  
  1,675,196    

Sysco Corp.

      92,655,091  
  1,089,445    

Walmart, Inc.

      151,160,493  
     

 

 

 
        243,815,584  
     

 

 

 
      Food, Beverage & Tobacco - 3.3%  
  3,008,645    

Coca-Cola Co.

      144,595,479  
  1,254,631    

Kellogg Co.

      78,903,743  
  580,140    

PepsiCo., Inc.

      77,326,861  
     

 

 

 
        300,826,083  
     

 

 

 
      Health Care Equipment & Services - 7.6%  
  373,662    

Abbott Laboratories

      39,275,613  
  166,007    

Anthem, Inc.

      45,286,710  
  438,196    

Becton Dickinson and Co.

      101,280,241  
  997,824    

CVS Health Corp.

      55,967,948  
  873,581    

HCA Healthcare, Inc.

      108,271,629  
  1,334,865    

Medtronic plc

      134,247,373  
  688,399    

UnitedHealth Group, Inc.

      210,058,071  
     

 

 

 
        694,387,585  
     

 

 

 
      Insurance - 4.0%  
  2,529,190    

American International Group, Inc.

      79,644,193  
  673,923    

Chubb Ltd.

      87,549,337  
  1,998,288    

Principal Financial Group, Inc.

      78,372,856  
  1,851,508    

Prudential Financial, Inc.

      118,533,542  
     

 

 

 
        364,099,928  
     

 

 

 
Shares or Principal Amount     Market Value  
Common Stocks - 96.9% - (continued)  
      Materials - 4.0%  
  1,563,417    

Celanese Corp.

    $ 177,463,464  
  775,700    

FMC Corp.

      79,695,418  
  874,575    

PPG Industries, Inc.

      113,449,869  
     

 

 

 
        370,608,751  
     

 

 

 
      Media & Entertainment - 5.8%  
  195,273    

Alphabet, Inc. Class A*

      315,582,648  
  5,182,990    

Comcast Corp. Class A

      218,929,498  
     

 

 

 
        534,512,146  
     

 

 

 
      Pharmaceuticals, Biotechnology & Life Sciences - 7.9%  
  851,127    

Agilent Technologies, Inc.

      86,891,555  
  2,455,131    

AstraZeneca plc ADR

      123,149,371  
  1,003,693    

Bristol-Myers Squibb Co.

      58,665,856  
  1,685,858    

Merck & Co., Inc.

      126,793,380  
  1,209,020    

Novartis AG ADR

      94,400,282  
  6,687,469    

Pfizer, Inc.

      237,271,400  
     

 

 

 
        727,171,844  
     

 

 

 
      Real Estate - 2.5%  
  365,955    

American Tower Corp. REIT

      84,041,566  
  4,982,189    

Host Hotels & Resorts, Inc. REIT

      52,213,341  
  396,265    

Public Storage REIT

      90,772,423  
     

 

 

 
        227,027,330  
     

 

 

 
      Retailing - 4.6%  
  524,188    

Home Depot, Inc.

      139,806,182  
  1,086,801    

Lowe’s Cos., Inc.

      171,823,238  
  2,265,704    

TJX Cos., Inc.

      115,097,763  
     

 

 

 
        426,727,183  
     

 

 

 
      Semiconductors & Semiconductor Equipment - 5.0%  
  483,680    

Broadcom, Inc.

      169,109,039  
  1,686,975    

Intel Corp.

      74,699,253  
  185,617    

KLA Corp.

      36,599,960  
  1,463,253    

Micron Technology, Inc.*

      73,660,156  
  728,775    

Texas Instruments, Inc.

      105,373,577  
     

 

 

 
        459,441,985  
     

 

 

 
      Software & Services - 6.4%  
  423,539    

Accenture plc Class A

      91,869,844  
  347,325    

International Business Machines Corp.

      38,782,310  
  2,268,435    

Microsoft Corp.

      459,290,034  
     

 

 

 
        589,942,188  
     

 

 

 
      Technology Hardware & Equipment - 7.3%  
  2,406,432    

Apple, Inc.

      261,964,187  
  3,787,520    

Cisco Systems, Inc.

      135,971,968  
  3,671,579    

Corning, Inc.

      117,380,381  
  5,411,109    

HP, Inc.

      97,183,518  
  338,176    

Motorola Solutions, Inc.

      53,452,098  
     

 

 

 
        665,952,152  
     

 

 

 
      Telecommunication Services - 3.4%  
  5,478,598    

Verizon Communications, Inc.

      312,225,300  
     

 

 

 
      Transportation - 1.1%  
  570,427    

Union Pacific Corp.

      101,073,960  
     

 

 

 
      Utilities - 4.0%  
  1,709,798    

Dominion Energy, Inc.

      137,365,171  
  2,700,956    

Exelon Corp.

      107,741,135  
  982,980    

Sempra Energy

      123,226,373  
     

 

 

 
        368,332,679  
     

 

 

 
 

Total Common Stocks
(cost $6,787,600,925)

    $ 8,901,241,526  
     

 

 

 
 

 

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

 

 

  51  

 


The Hartford Dividend and Growth Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount     Market Value  
Short-Term Investments - 1.9%  
      Repurchase Agreements - 1.9%  
  180,291,484    

Fixed Income Clearing Corp. Repurchase Agreement dated 10/30/2020 at 0.060%, due on 11/02/2020 with a maturity value of $180,292,385; collateralized by U.S. Treasury Note at 2.250%, maturing 11/15/2027, with a market value of $183,897,340

 

  $ 180,291,484  
     

 

 

 
 

Total Short-Term Investments
(cost $180,291,484)

 

  $ 180,291,484  
     

 

 

 
 

Total Investments
(cost $6,967,892,409)

    98.8   $ 9,081,533,010  
 

Other Assets and Liabilities

    1.2     107,357,246  
   

 

 

   

 

 

 
 

Total Net Assets

    100.0   $     9,188,890,256  
   

 

 

   

 

 

 
Note:

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

 

    

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

 

    

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

    

See “Glossary” for abbreviation descriptions.

 

*

Non-income producing.

 

 

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

 

 

Fair Value Summary

The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.

 

Description

   Total      Level 1      Level 2      Level 3(1)  

Assets

 

Common Stocks

 

Banks

   $ 800,814,031      $ 800,814,031      $      $  

Capital Goods

     764,071,638        764,071,638                

Consumer Services

     192,634,438        192,634,438                

Diversified Financials

     414,535,939        414,535,939                

Energy

     343,040,782        343,040,782                

Food & Staples Retailing

     243,815,584        243,815,584                

Food, Beverage & Tobacco

     300,826,083        300,826,083                

Health Care Equipment & Services

     694,387,585        694,387,585                

Insurance

     364,099,928        364,099,928                

Materials

     370,608,751        370,608,751                

Media & Entertainment

     534,512,146        534,512,146                

Pharmaceuticals, Biotechnology & Life Sciences

     727,171,844        727,171,844                

Real Estate

     227,027,330        227,027,330                

Retailing

     426,727,183        426,727,183                

Semiconductors & Semiconductor Equipment

     459,441,985        459,441,985                

Software & Services

     589,942,188        589,942,188                

Technology Hardware & Equipment

     665,952,152        665,952,152                

Telecommunication Services

     312,225,300        312,225,300                

Transportation

     101,073,960        101,073,960                

Utilities

     368,332,679        368,332,679                

Short-Term Investments

     180,291,484               180,291,484         
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $     9,081,533,010      $     8,901,241,526      $     180,291,484      $     —  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(1) 

For the year ended October 31, 2020, there were no transfers in and out of Level 3.

 

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

 

 

  52  

 


The Hartford Equity Income Fund

Schedule of Investments

October 31, 2020

 

 

 

Shares or Principal Amount         Market Value  
Common Stocks - 98.4%  
      Banks - 7.4%  
  4,459,222    

Bank of America Corp.

    $ 105,683,561  
  838,969    

JP Morgan Chase & Co.

      82,252,521  
  342,202    

PNC Financial Services Group, Inc.

      38,285,560  
  1,129,431    

Truist Financial Corp.

      47,571,634  
     

 

 

 
        273,793,276  
     

 

 

 
      Capital Goods - 13.1%  
  341,505    

Caterpillar, Inc.

      53,633,360  
  373,777    

Deere & Co.

      84,439,962  
  760,652    

Eaton Corp. plc

      78,948,071  
  353,250    

General Dynamics Corp.

      46,392,323  
  366,196    

Honeywell International, Inc.

      60,404,030  
  165,491    

Lockheed Martin Corp.

      57,943,364  
  917,545    

Raytheon Technologies Corp.

      49,841,044  
  380,744    

Trane Technologies plc

      50,543,766  
     

 

 

 
        482,145,920  
     

 

 

 
      Consumer Durables & Apparel - 1.1%  
  603,748    

VF Corp.

      40,571,866  
     

 

 

 
      Consumer Services - 1.2%  
  216,343    

McDonald’s Corp.

      46,081,059  
     

 

 

 
      Diversified Financials - 4.4%  
  126,934    

BlackRock, Inc.

      76,060,122  
  738,199    

Blackstone Group, Inc. Class A

      37,219,994  
  993,000    

Morgan Stanley

      47,812,950  
     

 

 

 
        161,093,066  
     

 

 

 
      Energy - 3.3%  
  728,361    

ConocoPhillips

      20,845,692  
  967,131    

Kinder Morgan, Inc.

      11,508,859  
  634,066    

Phillips 66

      29,585,520  
  213,272    

Pioneer Natural Resources Co.

      16,967,920  
  1,047,727    

TC Energy Corp.

      41,239,063  
     

 

 

 
        120,147,054  
     

 

 

 
      Food, Beverage & Tobacco - 8.3%  
  1,235,343    

Archer-Daniels-Midland Co.

      57,122,260  
  578,702    

Coca-Cola Co.

      27,812,418  
  617,000    

Kellogg Co.

      38,803,130  
  1,285,896    

Mondelez International, Inc. Class A

      68,306,796  
  301,535    

PepsiCo., Inc.

      40,191,600  
  1,027,862    

Philip Morris International, Inc.

      72,998,759  
     

 

 

 
        305,234,963  
     

 

 

 
      Health Care Equipment & Services - 5.8%  
  1,008,433    

Medtronic plc

      101,418,107  
  369,798    

UnitedHealth Group, Inc.

      112,840,161  
     

 

 

 
        214,258,268  
     

 

 

 
      Household & Personal Products - 2.4%  
  352,518    

Procter & Gamble Co.

      48,330,218  
  697,368    

Unilever N.V.

      39,443,134  
     

 

 

 
        87,773,352  
     

 

 

 
      Insurance - 6.4%  
  556,853    

Chubb Ltd.

      72,340,773  
  1,746,885    

MetLife, Inc.

      66,119,597  
  866,293    

Progressive Corp.

      79,612,327  
  165,591    

Travelers Cos., Inc.

      19,988,490  
        238,061,187  
     

 

 

 
      Materials - 2.8%  
     

 

 

 
  463,054    

Celanese Corp.

      52,561,260  
  403,638    

PPG Industries, Inc.

      52,359,921  
     

 

 

 
        104,921,181  
     

 

 

 
      Media & Entertainment - 3.0%  
  2,664,661    

Comcast Corp. Class A

      112,555,281  
     

 

 

 
Shares or Principal Amount         Market Value  
Common Stocks - 98.4% - (continued)  
      Pharmaceuticals, Biotechnology & Life Sciences - 11.2%  
  848,778    

AstraZeneca plc ADR

    $ 42,574,704  
  247,319    

Eli Lilly & Co.

      32,265,237  
  857,792    

Johnson & Johnson

      117,611,861  
  422,175    

Merck & Co., Inc.

      31,751,782  
  519,062    

Novartis AG

      40,446,650  
  2,973,945    

Pfizer, Inc.

      105,515,568  
  131,990    

Roche Holding AG

      42,412,524  
     

 

 

 
        412,578,326  
     

 

 

 
      Real Estate - 2.7%  
  640,023    

Crown Castle International Corp. REIT

      99,971,593  
     

 

 

 
      Retailing - 2.7%  
  189,401    

Home Depot, Inc.

      50,515,141  
  301,219    

Lowe’s Cos., Inc.

      47,622,724  
     

 

 

 
        98,137,865  
     

 

 

 
      Semiconductors & Semiconductor Equipment - 3.4%  
  387,990    

Analog Devices, Inc.

      45,988,455  
  981,569    

Intel Corp.

      43,463,875  
  186,663    

KLA Corp.

      36,806,210  
     

 

 

 
        126,258,540  
     

 

 

 
      Software & Services - 1.2%  
  289,987    

Automatic Data Processing, Inc.

      45,806,346  
     

 

 

 
      Technology Hardware & Equipment - 6.1%  
  2,509,470    

Cisco Systems, Inc.

      90,089,973  
  2,123,830    

Corning, Inc.

      67,898,845  
  676,741    

TE Connectivity Ltd.

      65,562,668  
     

 

 

 
        223,551,486  
     

 

 

 
      Telecommunication Services - 2.4%  
  1,551,010    

Verizon Communications, Inc.

      88,392,060  
     

 

 

 
      Transportation - 1.9%  
  405,064    

Union Pacific Corp.

      71,773,290  
     

 

 

 
      Utilities - 7.6%  
  511,895    

American Electric Power Co., Inc.

      46,034,717  
  765,300    

Dominion Energy, Inc.

      61,484,202  
  419,431    

Duke Energy Corp.

      38,633,789  
  175,514    

Eversource Energy

      15,317,107  
  1,251,621    

Exelon Corp.

      49,927,162  
  108,799    

FirstEnergy Corp.

      3,233,506  
  398,646    

Sempra Energy

      49,974,263  
  490,529    

UGI Corp.

      15,863,708  
     

 

 

 
        280,468,454  
     

 

 

 
 

Total Common Stocks
(cost $3,039,966,216)

    $ 3,633,574,433  
     

 

 

 
Short-Term Investments - 0.7%  
      Repurchase Agreements - 0.7%  
  24,913,579    

Fixed Income Clearing Corp. Repurchase Agreement dated 10/30/2020 at 0.060%, due on 11/02/2020 with a maturity value of $24,913,704; collateralized by U.S. Treasury Note at 0.125%, maturing 07/15/2030, with a market value of $25,411,892.

    $ 24,913,579  
     

 

 

 
 

Total Short-Term Investments
(cost $24,913,579)

 

  $ 24,913,579  
     

 

 

 
 

Total Investments
(cost $3,064,879,795)

    99.1   $ 3,658,488,012  
 

Other Assets and Liabilities

    0.9     33,557,175  
   

 

 

   

 

 

 
 

Total Net Assets

    100.0   $     3,692,045,187  
   

 

 

   

 

 

 
 

 

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

 

 

  53  

 


The Hartford Equity Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Note:

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

 

    

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

 

    

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

    

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

    

See “Glossary” for abbreviation descriptions.

 

 

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

 

 

Fair Value Summary

The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.

 

Description

   Total      Level 1      Level 2      Level 3(1)  

Assets

 

Common Stocks

 

Banks

   $ 273,793,276      $ 273,793,276      $      $  

Capital Goods

     482,145,920        482,145,920                

Consumer Durables & Apparel

     40,571,866        40,571,866                

Consumer Services

     46,081,059        46,081,059                

Diversified Financials

     161,093,066        161,093,066                

Energy

     120,147,054        120,147,054                

Food, Beverage & Tobacco

     305,234,963        305,234,963                

Health Care Equipment & Services

     214,258,268        214,258,268                

Household & Personal Products

     87,773,352        87,773,352                

Insurance

     238,061,187        238,061,187                

Materials

     104,921,181        104,921,181                

Media & Entertainment

     112,555,281        112,555,281                

Pharmaceuticals, Biotechnology & Life Sciences

     412,578,326        329,719,152        82,859,174         

Real Estate

     99,971,593        99,971,593                

Retailing

     98,137,865        98,137,865                

Semiconductors & Semiconductor Equipment

     126,258,540        126,258,540                

Software & Services

     45,806,346        45,806,346                

Technology Hardware & Equipment

     223,551,486        223,551,486                

Telecommunication Services

     88,392,060        88,392,060                

Transportation

     71,773,290        71,773,290                

Utilities

     280,468,454        280,468,454                

Short-Term Investments

     24,913,579               24,913,579         
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $     3,658,488,012      $     3,550,715,259      $     107,772,753      $     —  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(1) 

For the year ended October 31, 2020, there were no transfers in and out of Level 3.

 

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

 

 

  54  

 


The Hartford Growth Opportunities Fund

Schedule of Investments

October 31, 2020

 

 

 

Shares or Principal Amount           Market Value  
Common Stocks - 95.5%  
       Automobiles & Components - 1.0%  
  732,036     

Thor Industries, Inc.

      $ 61,915,605  
        

 

 

 
       Capital Goods - 0.7%  
  732,267     

Fortive Corp.

        45,107,647  
        

 

 

 
       Commercial & Professional Services - 3.0%  
  603,830     

Copart, Inc.*

        66,638,679  
  150,524     

CoStar Group, Inc.*

        123,973,072  
        

 

 

 
           190,611,751  
        

 

 

 
       Consumer Durables & Apparel - 2.9%  
  1,242,438     

Peloton Interactive, Inc. Class A*

        136,929,092  
  566,561     

Polaris, Inc.

        51,477,733  
        

 

 

 
           188,406,825  
        

 

 

 
       Consumer Services - 6.5%  
  836,098     

Chegg, Inc.*

        61,403,037  
  3,091,182     

DraftKings, Inc. Class A*(1)

        109,427,843  
  894,529     

McDonald’s Corp.

        190,534,677  
  974,526     

Penn National Gaming, Inc.*

        52,604,913  
        

 

 

 
           413,970,470  
        

 

 

 
       Diversified Financials - 0.8%  
  1,001,559     

Blackstone Group, Inc. Class A

        50,498,605  
        

 

 

 
       Food, Beverage & Tobacco - 2.9%  
  596,241     

Constellation Brands, Inc. Class A

        98,516,900  
  1,116,796     

Monster Beverage Corp.*

        85,513,070  
        

 

 

 
           184,029,970  
        

 

 

 
       Health Care Equipment & Services - 9.4%  
  272,887     

ABIOMED, Inc.*

        68,734,778  
  346,853     

Align Technology, Inc.*

        147,787,126  
  470,909     

Danaher Corp.

        108,092,452  
  278,498     

DexCom, Inc.*

        89,002,391  
  463,746     

Insulet Corp.*

        103,067,548  
  126,769     

Intuitive Surgical, Inc.*

        84,565,065  
        

 

 

 
           601,249,360  
        

 

 

 
       Media & Entertainment - 8.4%  
  568,305     

Facebook, Inc. Class A*

        149,526,729  
  903,843     

Match Group, Inc.*

        105,550,785  
  3,536,424     

Snap, Inc. Class A*

        139,299,741  
  336,883     

Spotify Technology S.A.*

        80,814,863  
  1,483,989     

Twitter, Inc.*

        61,377,785  
        

 

 

 
           536,569,903  
        

 

 

 
       Pharmaceuticals, Biotechnology & Life Sciences - 8.1%  
  209,083     

Ascendis Pharma A/S ADR*

        34,153,708  
  1,024,331     

AstraZeneca plc ADR

        51,380,443  
  105,562     

Biogen, Inc.*

        26,609,013  
  2,093,739     

Elanco Animal Health, Inc.*

        64,926,846  
  1,050,168     

Exact Sciences Corp.*

        130,042,303  
  557,100     

Galapagos N.V.*

        65,117,839  
  16,322     

Galapagos N.V. ADR*(1)

        1,901,187  
  121,360     

Reata Pharmaceuticals, Inc. Class A*

        14,163,926  
  282,431     

Thermo Fisher Scientific, Inc.

        133,623,755  
        

 

 

 
           521,919,020  
        

 

 

 
       Real Estate - 0.0%  
  29,564     

We Co. Class A(2)(3)(4)

        150,185  
        

 

 

 
       Retailing - 16.5%  
  221,173     

Amazon.com, Inc.*

        671,514,404  
  65,617     

Booking Holdings, Inc.*

        106,463,582  
  123,196     

JAND, Inc. Class A*(2)(3)(4)

        2,725,095  
  883,826     

Lowe’s Cos., Inc.

        139,732,891  
  2,591,786     

TJX Cos., Inc.

        131,662,729  
  171,581     

Tory Burch LLC*(2)(3)(4)

        7,079,431  
        

 

 

 
           1,059,178,132  
        

 

 

 
Shares or Principal Amount           Market Value  
Common Stocks - 95.5% - (continued)  
       Semiconductors & Semiconductor Equipment - 8.3%  
  2,084,117     

Advanced Micro Devices, Inc.*

        156,913,169  
  2,397,680     

Marvell Technology Group Ltd.

        89,936,977  
  565,075     

NVIDIA Corp.

        283,306,002  
        

 

 

 
           530,156,148  
        

 

 

 
       Software & Services - 16.4%  
  899,936     

2U, Inc.*

        33,162,642  
  157,623     

Fair Isaac Corp.*

        61,701,523  
  1,043,152     

GoDaddy, Inc. Class A*

        73,792,573  
  729,119     

Guidewire Software, Inc.*

        70,075,627  
  731,597     

Leidos Holdings, Inc.

        60,722,551  
  7,292,874     

Multiplan Corp.*(1)

        53,237,980  
  224,380     

Paycom Software, Inc.*

        81,694,514  
  273,856     

RingCentral, Inc. Class A*

        70,747,959  
  801,445     

Splunk, Inc.*

        158,718,168  
  1,181,847     

Square, Inc. Class A*

        183,044,463  
  958,717     

Workday, Inc. Class A*

        201,445,616  
        

 

 

 
                   1,048,343,616  
        

 

 

 
       Technology Hardware & Equipment - 8.7%  
  5,043,296     

Apple, Inc.

        549,013,203  
  292,906     

Vontier Corp.*

        8,418,118  
        

 

 

 
           557,431,321  
        

 

 

 
       Transportation - 1.9%  
  266,369     

FedEx Corp.

        69,114,764  
  1,549,907     

Uber Technologies, Inc.*

        51,782,393  
        

 

 

 
           120,897,157  
        

 

 

 
  

Total Common Stocks
(cost $4,550,642,269)

      $ 6,110,435,715  
        

 

 

 
Exchange-Traded Funds - 0.4%  
       Other Investment Pools & Funds - 0.4%  
  129,900     

iShares Russell 1000 Growth ETF

        27,224,442  
        

 

 

 
  

Total Exchange-Traded Funds
(cost $27,713,295)

      $ 27,224,442  
        

 

 

 
Convertible Preferred Stocks - 1.4%  
       Commercial & Professional Services - 0.1%  
  470,535     

Rubicon Global Holdings LLC Series C*(2)(3)(4)

      $ 7,542,676  
        

 

 

 
  

Real Estate - 0.1%

 

  404,267     

We Co. Series D1*(2)(3)(4)

        3,165,411  
  317,638     

We Co. Series D2*(2)(3)(4)

        2,487,105  
        

 

 

 
           5,652,516  
        

 

 

 
       Retailing - 0.9%  
  4,434,460     

Coupang LLC *(2)(3)(4)

        38,047,667  
  272,032     

Honest Co., Inc. Series C*(2)(3)(4)

 

     9,591,849  
  275,096     

JAND, Inc. Series D*(2)(3)(4)

        6,167,652  
        

 

 

 
           53,807,168  
        

 

 

 
       Software & Services - 0.3%  
  5,668,755     

Essence Group Holdings Corp. Series 3*(2)(3)(4)

        13,151,511  
  743,470     

Lookout, Inc. Series F*(2)(3)(4)

        6,453,320  
        

 

 

 
           19,604,831  
        

 

 

 
  

Total Convertible Preferred Stocks
(cost $63,194,426)

      $ 86,607,191  
        

 

 

 
Escrows - 0.0%(5)  
       Consumer Durables & Apparel - 0.0%  
  923,832     

One Kings Lane, Inc.*(2)(3)(4)

      $ 147,813  
        

 

 

 
 

 

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

 

 

  55  

 


The Hartford Growth Opportunities Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount           Market Value  
Escrows - 0.0%(5) - (continued)  
       Software & Services - 0.0%  
  566,228     

Veracode, Inc.*(2)(3)(4)

      $ 379,939  
        

 

 

 
  

Total Escrows
(cost $ - )

 

   $ 527,752  
        

 

 

 
  

Total Long-Term Investments
(cost $4,641,549,990)

      $ 6,224,795,100  
        

 

 

 
Short-Term Investments - 2.1%  
       Repurchase Agreements - 1.7%  
  106,171,930     

Fixed Income Clearing Corp. Repurchase Agreement dated 10/30/2020 at 0.060%, due on 11/02/2020 with a maturity value of $106,172,461; collateralized by U.S. Treasury Note at 2.875%, maturing 05/15/2028, with a market value of $17,394,176

      $ 106,171,930  
        

 

 

 
       Securities Lending Collateral - 0.4%  
  26,797,937     

Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 0.02%(6)

 

     26,797,937  
  27,046     

Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 0.03%(6)

 

     27,046  
        

 

 

 
     26,824,983  
        

 

 

 
  

Total Short-Term Investments
(cost $132,996,913)

 

   $ 132,996,913  
        

 

 

 
  

Total Investments
(cost $4,774,546,903)

     99.4    $ 6,357,792,013  
  

Other Assets and Liabilities

     0.6      37,315,215  
     

 

 

    

 

 

 
  

Total Net Assets

     100.0    $     6,395,107,228  
     

 

 

    

 

 

 

 

Note:

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

 

    

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

 

    

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

 

    

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

    

See “Glossary” for abbreviation descriptions.

*

Non-income producing.

 

(1) 

Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information.

 

(2) 

Investment valued using significant unobservable inputs.

 

(3) 

These securities are valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At October 31, 2020, the aggregate fair value of these securities was $97,089,654, which represented 1.5% of total net assets. This amount excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors.

 

(4) 

Investment in securities not registered under the Securities Act of 1933 (excluding securities acquired pursuant to Rule 144A and Regulation S). At the end of the period, the value of such restricted securities amounted to $97,089,654 or 1.5% of net assets.

 

Period
Acquired
   

Security Name

  Shares/
Par Value
    Total Cost     Market Value  
  11/2014     Coupang LLC Convertible Preferred     4,434,460     $ 13,805,010     $ 38,047,667  
  05/2014     Essence Group Holdings Corp. Series 3 Convertible Preferred     5,668,755       8,964,002       13,151,511  
  08/2014     Honest Co., Inc. Series C Convertible Preferred     272,032       7,360,452       9,591,849  
  04/2015     JAND, Inc. Class A     123,196       1,414,943       2,725,095  
  04/2015     JAND, Inc. Series D Convertible Preferred     275,096       3,159,560       6,167,652  
  07/2014     Lookout, Inc. Series F Convertible Preferred     743,470       8,492,732       6,453,320  
  08/2014     One Kings Lane, Inc.     923,832             147,813  
  09/2015     Rubicon Global Holdings LLC Series C Convertible Preferred     470,535       9,392,114       7,542,676  
  11/2013     Tory Burch LLC     171,581       13,447,917       7,079,431  
  08/2014     Veracode, Inc.     566,228             379,939  
  12/2014     We Co. Class A     29,564       492,275       150,185  
  12/2014     We Co. Series D1 Convertible Preferred     404,267       6,731,515       3,165,411  
  12/2014     We Co. Series D2 Convertible Preferred     317,638       5,289,041       2,487,105  
     

 

 

   

 

 

 
    $     78,549,561     $     97,089,654  
     

 

 

   

 

 

 

 

(5) 

Share amount represents shares of the issuer previously held that resulted in receipt of the escrow.

 

(6) 

Current yield as of period end.

 

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

 

 

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

 

 

  56  

 


The Hartford Growth Opportunities Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Fair Value Summary

The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.

 

Description

   Total      Level 1      Level 2      Level 3(1)  

Assets

 

Common Stocks

 

Automobiles & Components

   $ 61,915,605      $ 61,915,605      $      $  

Capital Goods

     45,107,647        45,107,647                

Commercial & Professional Services

     190,611,751        190,611,751                

Consumer Durables & Apparel

     188,406,825        188,406,825                

Consumer Services

     413,970,470        413,970,470                

Diversified Financials

     50,498,605        50,498,605                

Food, Beverage & Tobacco

     184,029,970        184,029,970                

Health Care Equipment & Services

     601,249,360        601,249,360                

Media & Entertainment

     536,569,903        536,569,903                

Pharmaceuticals, Biotechnology & Life Sciences

     521,919,020        456,801,181        65,117,839         

Real Estate

     150,185                      150,185  

Retailing

     1,059,178,132        1,049,373,606               9,804,526  

Semiconductors & Semiconductor Equipment

     530,156,148        530,156,148                

Software & Services

     1,048,343,616        1,048,343,616                

Technology Hardware & Equipment

     557,431,321        557,431,321                

Transportation

     120,897,157        120,897,157                

Exchange-Traded Funds

     27,224,442        27,224,442                

Convertible Preferred Stocks

     86,607,191                      86,607,191  

Escrows

     527,752                      527,752  

Short-Term Investments

     132,996,913        26,824,983        106,171,930         
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $     6,357,792,013      $     6,089,412,590      $     171,289,769      $     97,089,654  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(1) 

For the year ended October 31, 2020, investments valued at $15,400,659 were transferred out of Level 3 due to the initiation of a vendor providing prices that are based on market activity which has been determined to be significant observable input and there were no transfers in to Level 3.

The following is a rollforward of the Fund’s investments that were valued using unobservable inputs (Level 3) for the year ended October 31, 2020:

 

     Common
Stocks
    Convertible
Preferred
Stocks
    Escrows     Total  

Beginning balance

   $ 81,651,451     $ 86,994,121     $ 576,266     $     169,221,838  

Sales

         (56,866,249         (10,320,039         (193,442     (67,379,730

Total realized gain/(loss)

     9,496,646       (2,204,412     193,442       7,485,676  

Net change in unrealized appreciation/(depreciation)

     (8,926,478     12,137,521       (48,514     3,162,529  

Transfer out of Level 3

     (15,400,659                 (15,400,659
  

 

 

   

 

 

   

 

 

   

 

 

 

Ending balance

   $ 9,954,711     $ 86,607,191     $ 527,752     $ 97,089,654  
  

 

 

   

 

 

   

 

 

   

 

 

 

The change in net unrealized appreciation/depreciation relating to the Level 3 investments held at October 31, 2020 was $8,405,862.

 

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

 

 

  57  

 


The Hartford Healthcare Fund

Schedule of Investments

October 31, 2020

 

 

 

Shares or Principal Amount         Market Value  
Common Stocks - 99.4%  
      Biotechnology - 22.0%  
  216,775    

89bio, Inc.*

    $ 5,020,509  
  155,045    

Akero Therapeutics, Inc.*

      4,116,445  
  29,600    

Akouos, Inc.*

      574,536  
  692,439    

Alkermes plc*

      11,252,134  
  114,584    

Alnylam Pharmaceuticals, Inc.*

      14,090,395  
  25,600    

ALX Oncology Holdings, Inc.*

      1,011,456  
  297,250    

Apellis Pharmaceuticals, Inc.*

      9,482,275  
  165,065    

Arena Pharmaceuticals, Inc.*

      14,149,372  
  18,934    

Argenx SE ADR*

      4,698,093  
  29,365    

Ascendis Pharma A/S ADR*

      4,796,773  
  168,481    

Assembly Biosciences, Inc.*

      2,483,410  
  83,621    

Avidity Biosciences, Inc.*

      2,067,947  
  25,611    

Biogen, Inc.*

      6,455,765  
  136,952    

Biohaven Pharmaceutical Holding Co., Ltd.*

      10,608,302  
  42,586    

Black Diamond Therapeutics, Inc.*

      1,341,885  
  253,262    

Coherus Biosciences, Inc.*

      4,221,878  
  189,436    

Constellation Pharmaceuticals, Inc.*

      3,716,734  
  220,162    

Cytokinetics, Inc.*

      3,383,890  
  72,670    

Exact Sciences Corp.*

      8,998,726  
  57,546    

Forma Therapeutics Holdings, Inc.*

      2,481,384  
  276,434    

Freeline Therapeutics Holdings plc ADR*(1)

      4,785,073  
  342,856    

G1 Therapeutics, Inc.*

      3,767,987  
  35,309    

Galapagos N.V.*

      4,127,169  
  54,185    

Generation Bio Co.*

      1,400,140  
  20,330    

Genmab A/S*

      6,790,725  
  151,767    

Genus plc

      8,065,610  
  196,488    

Global Blood Therapeutics, Inc.*

      10,390,285  
  404,265    

GlycoMimetics, Inc.*

      1,131,942  
  945,880    

ImmunoGen, Inc.*

      5,334,763  
  869,863    

Ironwood Pharmaceuticals, Inc.*

      8,594,246  
  96,948    

Kodiak Sciences, Inc.*

      8,803,848  
  102,565    

Kymera Therapeutics, Inc.*

      3,691,314  
  33,407    

Legend Biotech Corp. ADR*

      864,239  
  85,491    

Madrigal Pharmaceuticals, Inc.*(1)

      10,878,730  
  50,956    

Mirati Therapeutics, Inc.*

      11,064,586  
  219,419    

Myovant Sciences Ltd.*

      3,027,982  
  509,405    

Nurix Therapeutics, Inc.*

      12,882,852  
  183,040    

Oyster Point Pharma, Inc.*(1)

      3,629,683  
  549,547    

PhaseBio Pharmaceuticals, Inc.*(1)

      1,500,263  
  135,792    

Radius Health, Inc.*

      1,820,971  
  16,376    

Regeneron Pharmaceuticals, Inc.*

      8,901,339  
  27,000    

Relay Therapeutics, Inc.*

      997,380  
  1,408,948    

Rigel Pharmaceuticals, Inc.*

      3,494,191  
  123,869    

Seagen, Inc.*

      20,661,349  
  679,486    

Syndax Pharmaceuticals, Inc.*

      11,829,851  
  70,630    

Turning Point Therapeutics, Inc.*

      6,511,380  
  23,748    

Twist Bioscience Corp.*

      1,820,047  
  221,439    

UroGen Pharma Ltd.*(1)

      4,986,806  
  81,254    

Vertex Pharmaceuticals, Inc.*

      16,930,083  
  205,652    

Zai Lab Ltd. ADR*

      16,873,747  
  62,032    

Zealand Pharma A/S ADR*(1)

      2,097,302  
     

 

 

 
        322,607,792  
     

 

 

 
      Health Care Distributors - 0.5%  
  301,300    

Owens & Minor, Inc.

      7,568,656  
     

 

 

 
      Health Care Equipment - 23.3%  
  498,241    

Abbott Laboratories

      52,370,112  
  302,339    

Baxter International, Inc.

      23,452,436  
  166,707    

Becton Dickinson and Co.

      38,530,989  
  1,233,406    

Boston Scientific Corp.*

      42,268,824  
  257,011    

Danaher Corp.

      58,994,305  
  490,812    

Edwards Lifesciences Corp.*

      35,186,312  
  35,100    

Everest Medicines Ltd.*(2)

      262,373  
  224,303    

Hologic, Inc.*

      15,436,532  
  167,460    

Integra LifeSciences Holdings Corp.*

      7,384,986  
  37,600    

Intuitive Surgical, Inc.*

      25,082,208  
Shares or Principal Amount         Market Value  
Common Stocks - 99.4% - (continued)  
      Health Care Equipment - 23.3% - (continued)  
  19,465    

Masimo Corp.*

    $ 4,356,656  
  126,923    

NuVasive, Inc.*

      5,639,189  
  752,419    

Smith & Nephew plc

      13,065,101  
  60,800    

Teleflex, Inc.

      19,348,384  
     

 

 

 
        341,378,407  
     

 

 

 
      Health Care Facilities - 2.9%  
  258,267    

Acadia Healthcare Co., Inc.*

      9,207,219  
  178,056    

Encompass Health Corp.

      10,916,613  
  185,853    

HCA Healthcare, Inc.

      23,034,621  
     

 

 

 
        43,158,453  
     

 

 

 
      Health Care Services - 2.3%  
  39,839    

Amedisys, Inc.*

      10,318,301  
  152,431    

Fresenius SE & Co. KGaA

      5,654,189  
  45,143    

LHC Group, Inc.*

      9,775,717  
  401,885    

R1 RCM, Inc.*

      7,201,779  
     

 

 

 
        32,949,986  
     

 

 

 
      Health Care Supplies - 1.2%  
  3,019,350    

ConvaTec Group plc(2)

      7,068,091  
  40,356    

Quidel Corp.*

      10,827,111  
     

 

 

 
        17,895,202  
     

 

 

 
      Integrated Telecommunication Services - 0.1%  
  76,796    

Therapeutics Acquisition Corp. Class A*

      1,013,707  
     

 

 

 
      Life Sciences Tools & Services - 12.2%  
  3,400    

Berkeley Lights, Inc.*

      246,738  
  35,540    

Bio-Techne Corp.

      8,970,651  
  78,442    

ICON plc*

      14,143,093  
  222,154    

NanoString Technologies, Inc.*

      8,141,944  
  207,466    

NeoGenomics, Inc.*

      8,138,891  
  546,005    

PPD, Inc.*

      17,952,644  
  131,336    

PRA Health Sciences, Inc.*

      12,797,380  
  39,815    

Repligen Corp.*

      6,631,985  
  26,444    

Tecan Group AG

      12,548,427  
  150,081    

Thermo Fisher Scientific, Inc.

      71,006,323  
  609,663    

WuXi AppTec Co., Ltd. Class H(2)

      9,747,475  
  284,500    

Wuxi Biologics Cayman, Inc.*(2)

      7,989,815  
     

 

 

 
        178,315,366  
     

 

 

 
      Managed Health Care - 11.4%  
  242,922    

Centene Corp.*

      14,356,690  
  61,335    

Humana, Inc.

      24,489,839  
  41,806    

Molina Healthcare, Inc.*

      7,795,565  
  480,000    

Notre Dame Intermedica Participacoes S.A.

      5,500,222  
  377,984    

UnitedHealth Group, Inc.

      115,338,038  
     

 

 

 
        167,480,354  
     

 

 

 
      Pharmaceuticals - 23.5%  
  527,707    

Amneal Pharmaceuticals, Inc.*

      2,195,261  
  244,300    

Astellas Pharma, Inc.

      3,350,070  
  744,642    

AstraZeneca plc ADR

      37,351,243  
  917,491    

Bristol-Myers Squibb Co.

      53,627,349  
  703,725    

Daiichi Sankyo Co., Ltd.

      18,573,861  
  220,895    

Eisai Co., Ltd.

      17,175,365  
  200,469    

Elanco Animal Health, Inc.*

      6,216,544  
  364,133    

Eli Lilly & Co.

      47,504,791  
  11,900    

Harmony Biosciences Holdings, Inc.*(1)

      462,910  
  49,405    

Hikma Pharmaceuticals plc

      1,606,328  
  101,778    

Hutchison China MediTech Ltd. ADR*

      2,996,344  
  121,237    

Laboratorios Farmaceuticos Rovi S.A.*

      4,320,680  
  586,193    

Mylan N.V.*(1)

      8,523,246  
  41,000    

Nippon Shinyaku Co., Ltd.

      2,929,701  
  89,169    

Novartis AG

      6,948,278  
  267,306    

Odonate Therapeutics, Inc.*

 

    3,851,879  
  285,245    

Ono Pharmaceutical Co., Ltd.

 

    8,136,674  
 

 

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

 

 

  58  

 


The Hartford Healthcare Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount         Market Value  
Common Stocks - 99.4% - (continued)  
      Pharmaceuticals - 23.5% - (continued)  
  2,422,706    

Pfizer, Inc.

 

  $ 85,957,609  
  271,302    

Revance Therapeutics, Inc.*

 

    7,021,296  
  173,777    

Royalty Pharma plc Class A

 

    6,377,616  
  77,170    

Takeda Pharmaceutical Co., Ltd.

 

    2,384,753  
  186,443    

Theravance Biopharma, Inc.*

 

    3,525,637  
  243,310    

Tricida, Inc.*

 

    1,369,835  
  111,296    

UCB S.A.

 

    10,992,877  
  207,352    

WaVe Life Sciences Ltd.*

 

    1,465,979  
     

 

 

 
    344,866,126  
     

 

 

 
 

Total Common Stocks
(cost $1,172,630,895)

 

  $ 1,457,234,049  
     

 

 

 
Short-Term Investments - 2.1%  
      Repurchase Agreements - 1.2%  
  17,074,447    

Fixed Income Clearing Corp. Repurchase Agreement dated 10/30/2020 at 0.06%, due on 11/02/2020 with a maturity value of $17,074.532; collateralized by U.S. Treasury Note 0.75%, maturing 07/15/2028, with a market value of $17,415,982

 

  $ 17,074,447  
     

 

 

 
      Securities Lending Collateral - 0.9%  
  13,478,185    

Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 0.02%(3)

 

    13,478,185  
  13,603    

Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 0.03%(3)

 

    13,603  
     

 

 

 
    13,491,788  
     

 

 

 
 

Total Short-Term Investments
(cost $30,566,235)

 

  $ 30,566,235  
     

 

 

 
 

Total Investments
(cost $1,203,197,130)

    101.5   $ 1,487,800,284  
 

Other Assets and Liabilities

    (1.5 )%      (22,131,696
   

 

 

   

 

 

 
 

Total Net Assets

    100.0   $     1,465,668,588  
   

 

 

   

 

 

 
Note:

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

 

    

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

 

    

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

 

    

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

    

See “Glossary” for abbreviation descriptions.

 

*

Non-income producing.

 

(1) 

Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information.

 

(2) 

Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions that are exempt from registration (typically only to qualified institutional buyers) or in a public offering registered under the Securities Act of 1933. At October 31, 2020, the aggregate value of these securities was $25,067,754, representing 1.7% of net assets.

 

(3) 

Current yield as of period end.

 

 

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

 

 

Fair Value Summary

The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.

 

Description    Total      Level 1      Level 2      Level 3(1)  

Assets

 

Common Stocks

 

Biotechnology

   $ 322,607,792      $ 303,624,288      $ 18,983,504      $  

Health Care Distributors

     7,568,656        7,568,656                

Health Care Equipment

     341,378,407        328,313,306        13,065,101         

Health Care Facilities

     43,158,453        43,158,453                

Health Care Services

     32,949,986        27,295,797        5,654,189         

Health Care Supplies

     17,895,202        10,827,111        7,068,091         

Integrated Telecommunication Services

     1,013,707        1,013,707                

Life Sciences Tools & Services

     178,315,366        148,029,649        30,285,717         

Managed Health Care

     167,480,354        167,480,354                

Pharmaceuticals

     344,866,126        272,768,219        72,097,907         

Short-Term Investments

     30,566,235        13,491,788        17,074,447         
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $     1,487,800,284      $     1,323,571,328      $     164,228,956      $     —  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(1) 

For the year ended October 31, 2020, there were no transfers in and out of Level 3.

 

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

 

 

  59  

 


The Hartford MidCap Fund

Schedule of Investments

October 31, 2020

 

 

 

Shares or Principal Amount          Market Value  
Common Stocks - 100.1%  
      Banks - 5.0%  
  1,315,404    

Cullen/Frost Bankers, Inc.

     $ 92,433,439  
  230,121    

First Citizens BancShares, Inc. Class A

       106,476,987  
  1,364,249    

First Republic Bank

       172,086,369  
  980,361    

M&T Bank Corp.

       101,545,792  
  1,856,626    

Prosperity Bancshares, Inc.

       102,318,659  
  1,228,460    

South State Corp.

       75,427,444  
      

 

 

 
         650,288,690  
      

 

 

 
      Capital Goods - 10.4%  
  1,103,519    

Axon Enterprise, Inc.*

       109,138,029  
  2,247,237    

Fastenal Co.

       97,148,056  
  1,113,091    

Graco, Inc.

       68,900,333  
  796,382    

HEICO Corp. Class A

       74,461,717  
  1,271,296    

IDEX Corp.

       216,616,126  
  7,780,734    

Ingersoll Rand, Inc.*

       271,858,846  
  780,929    

Lennox International, Inc.

       212,147,172  
  1,485,445    

Lincoln Electric Holdings, Inc.

       151,248,010  
  287,697    

Middleby Corp.*

       28,637,359  
  525,873    

Watsco, Inc.

       117,869,174  
      

 

 

 
         1,348,024,822  
      

 

 

 
      Commercial & Professional Services - 4.2%  
  6,803,619    

GFL Environmental, Inc.(1)

       130,221,268  
  1,637,761    

Healthcare Services Group, Inc.

       37,471,972  
  3,744,255    

IAA, Inc.*

       211,887,390  
  11,427,385    

KAR Auction Services, Inc.(2)

       166,382,725  
      

 

 

 
         545,963,355  
      

 

 

 
      Consumer Durables & Apparel - 5.6%  
  1,453,283    

Carter’s, Inc.

       118,369,900  
  58,191    

NVR, Inc.*

       230,034,260  
  2,145,817    

PVH Corp.

       125,079,673  
  6,687,439    

Under Armour, Inc. Class C*

       81,787,379  
  3,445,549    

YETI Holdings, Inc.*

       170,485,765  
      

 

 

 
         725,756,977  
      

 

 

 
      Consumer Services - 1.8%  
  2,019,947    

Choice Hotels International, Inc.

       176,442,370  
  1,002,827    

Hyatt Hotels Corp. Class A

       55,295,881  
      

 

 

 
         231,738,251  
      

 

 

 
      Diversified Financials - 1.3%  
  381,535    

Credit Acceptance Corp.*(1)

       113,743,214  
  845,828    

Hamilton Lane, Inc. Class A

       58,954,212  
      

 

 

 
         172,697,426  
      

 

 

 
      Energy - 0.5%  
  3,311,928    

Cabot Oil & Gas Corp.

       58,919,199  
      

 

 

 
      Food & Staples Retailing - 0.8%  
  3,088,077    

Performance Food Group Co.*

       103,790,268  
      

 

 

 
      Food, Beverage & Tobacco - 1.1%  
  2,284,599    

Lamb Weston Holdings, Inc.

       144,957,807  
      

 

 

 
      Health Care Equipment & Services - 10.8%  
  778,660    

Amedisys, Inc.*

       201,672,940  
  3,197,849    

Encompass Health Corp.

       196,060,122  
  2,542,201    

Hill-Rom Holdings, Inc.

       231,518,245  
  3,192,399    

Integra LifeSciences Holdings Corp.*

       140,784,796  
  845,044    

LHC Group, Inc.*

       182,994,278  
  740,320    

Molina Healthcare, Inc.*

       138,047,471  
  2,757,811    

NuVasive, Inc.*(2)

       122,529,543  
  558,302    

Tandem Diabetes Care, Inc.*

       60,854,918  
  390,458    

Teleflex, Inc.

       124,255,449  
      

 

 

 
         1,398,717,762  
      

 

 

 
      Insurance - 4.2%  
  126,796    

Alleghany Corp.

       69,348,536  
  320,489    

Erie Indemnity Co. Class A

       74,632,273  
Shares or Principal Amount          Market Value  
Common Stocks - 100.1% - (continued)  
      Insurance - 4.2% - (continued)  
  2,143,274    

Fidelity National Financial, Inc.

     $ 67,063,044  
  181,795    

Markel Corp.*

       169,578,376  
  99,951    

White Mountains Insurance Group Ltd.

       90,788,492  
  1,249,278    

WR Berkley Corp.

       75,106,593  
      

 

 

 
         546,517,314  
      

 

 

 
      Materials - 2.6%  
  1,007,558    

Ball Corp.

       89,672,662  
  7,857,103    

Element Solutions, Inc.*

       92,085,247  
  575,489    

Packaging Corp. of America

       65,887,736  
  2,521,502    

Silgan Holdings, Inc.

       86,865,744  
      

 

 

 
         334,511,389  
      

 

 

 
      Media & Entertainment - 4.4%  
  100,177    

Cable One, Inc.

       173,492,539  
  3,577,072    

Cargurus, Inc.*

       71,291,045  
  888,714    

Roku, Inc.*

       179,875,714  
  15,878,351    

Zynga, Inc. Class A*

       142,746,375  
      

 

 

 
         567,405,673  
      

 

 

 
      Pharmaceuticals, Biotechnology & Life Sciences - 7.4%  
  2,475,313    

Apellis Pharmaceuticals, Inc.*

       78,962,485  
  2,749,199    

ChemoCentryx, Inc.*

       131,961,552  
  2,204,314    

Iovance Biotherapeutics, Inc.*

       78,649,923  
  408,339    

Kodiak Sciences, Inc.*

       37,081,265  
  64,619    

Mettler-Toledo International, Inc.*

       64,483,946  
  1,627,920    

PRA Health Sciences, Inc.*

       158,624,525  
  3,557,068    

PTC Therapeutics, Inc.*(2)

       185,643,379  
  1,308,366    

Reata Pharmaceuticals, Inc. Class A*

       152,699,396  
  1,070,535    

Sage Therapeutics, Inc.*

       78,555,858  
      

 

 

 
         966,662,329  
      

 

 

 
      Real Estate - 4.8%  
  2,403,737    

Douglas Emmett, Inc. REIT

       56,728,193  
  2,726,259    

Equity Commonwealth REIT

       72,027,763  
  610,327    

Life Storage, Inc. REIT

       69,668,827  
  373,986    

PS Business Parks, Inc. REIT

       42,645,623  
  2,817,745    

Redfin Corp.*

       117,697,209  
  2,695,333    

Rexford Industrial Realty, Inc. REIT

       125,225,171  
  5,272,470    

STORE Capital Corp. REIT

       135,502,479  
      

 

 

 
         619,495,265  
      

 

 

 
      Retailing - 2.7%  
  1,495,741    

CarMax, Inc.*

       129,291,852  
  1,801,161    

Etsy, Inc.*

       219,003,166  
      

 

 

 
         348,295,018  
      

 

 

 
      Semiconductors & Semiconductor Equipment - 6.1%  
  2,735,257    

First Solar, Inc.*

       238,090,445  
  1,857,115    

MKS Instruments, Inc.

       201,292,695  
  619,618    

Monolithic Power Systems, Inc.

       198,029,913  
  1,487,857    

Silicon Laboratories, Inc.*

       152,445,828  
      

 

 

 
         789,858,881  
      

 

 

 
      Software & Services - 10.3%  
  931,039    

Aspen Technology, Inc.*

       102,237,393  
  1,148,166    

Black Knight, Inc.*

       100,981,200  
  1,809,127    

Blackbaud, Inc.

       89,262,326  
  7,798,088    

Genpact Ltd.

       268,020,284  
  1,499,544    

Guidewire Software, Inc.*

       144,121,174  
  273,859    

LiveRamp Holdings, Inc.*

       18,099,341  
  1,505,449    

Q2 Holdings, Inc.*

       137,357,167  
  1,339,244    

Science Applications International Corp.

       102,278,064  
  8,622,241    

Teradata Corp.*(2)

       158,390,567  
  1,729,394    

WEX, Inc.*

 

     218,854,811  
      

 

 

 
     1,339,602,327  
      

 

 

 
 

 

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

 

 

  60  

 


The Hartford MidCap Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount          Market Value  
Common Stocks - 100.1% - (continued)  
      Technology Hardware & Equipment - 11.7%  
  1,258,937    

CDW Corp.

 

   $ 154,345,676  
  1,498,879    

Coherent, Inc.*(2)

 

     187,569,718  
  15,469,655    

CommScope Holding Co., Inc.*(2)

 

     137,679,930  
  1,504,059    

F5 Networks, Inc.*

 

     199,949,603  
  14,663,343    

Flex Ltd.*

 

     207,486,303  
  6,200,098    

II-VI, Inc.*(1)(2)

 

     281,918,456  
  2,762,739    

Lumentum Holdings, Inc.*

 

     228,450,888  
  3,682,285    

National Instruments Corp.

 

     115,181,875  
      

 

 

 
     1,512,582,449  
      

 

 

 
      Transportation - 1.9%  
  324,564    

AMERCO

 

     112,675,638  
  3,661,970    

Knight-Swift Transportation Holdings, Inc.

 

     139,118,241  
      

 

 

 
     251,793,879  
      

 

 

 
      Utilities - 2.5%  
  1,510,440    

Black Hills Corp.

 

     85,581,530  
  1,907,713    

NiSource, Inc.

 

     43,820,168  
  5,980,582    

UGI Corp.

 

     193,412,022  
      

 

 

 
     322,813,720  
      

 

 

 
 

Total Common Stocks
(cost $11,163,325,282)

 

   $ 12,980,392,801  
      

 

 

 
Short-Term Investments - 0.7%  
      Repurchase Agreements - 0.0%  
  824,405    

Fixed Income Clearing Corp. Repurchase Agreement dated 10/30/2020 at 0.060%, due on 11/02/2020 with a maturity value of $824,409; collateralized by U.S. Treasury Note at 0.125%, maturing 07/15/2030, with a market value of $840,988.

 

   $ 824,405  
      

 

 

 
      Securities Lending Collateral - 0.7%  
  84,693,322    

Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 0.02%(3)

 

     84,693,322  
  85,476    

Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 0.03%(3)

 

     85,476  
      

 

 

 
     84,778,798  
      

 

 

 
 

Total Short-Term Investments
(cost $85,603,203)

 

   $ 85,603,203  
      

 

 

 
 

Total Investments
(cost $11,248,928,485)

    100.8    $ 13,065,996,004  
 

Other Assets and Liabilities

    (0.8 )%       (97,835,692
   

 

 

    

 

 

 
 

Total Net Assets

    100.0    $     12,968,160,312  
   

 

 

    

 

 

 
Note:

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

 

    

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

 

    

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

 

    

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

    

See “Glossary” for abbreviation descriptions.

 

*

Non-income producing.

 

(1) 

Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information.

 

(2) 

Affiliated company—The Fund owns greater than 5% of the outstanding voting securities of this issuer.

 

(3) 

Current yield as of period end.

 

 

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

 

 

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

 

 

  61  

 


 

 

The Hartford MidCap Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Fair Value Summary

The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.

 

Description    Total      Level 1      Level 2      Level 3(1)  

Assets

 

Common Stocks

 

Banks

   $ 650,288,690      $ 650,288,690      $      $  

Capital Goods

     1,348,024,822        1,348,024,822                

Commercial & Professional Services

     545,963,355        545,963,355                

Consumer Durables & Apparel

     725,756,977        725,756,977                

Consumer Services

     231,738,251        231,738,251                

Diversified Financials

     172,697,426        172,697,426                

Energy

     58,919,199        58,919,199                

Food & Staples Retailing

     103,790,268        103,790,268                

Food, Beverage & Tobacco

     144,957,807        144,957,807                

Health Care Equipment & Services

     1,398,717,762        1,398,717,762                

Insurance

     546,517,314        546,517,314                

Materials

     334,511,389        334,511,389                

Media & Entertainment

     567,405,673        567,405,673                

Pharmaceuticals, Biotechnology & Life Sciences

     966,662,329        966,662,329                

Real Estate

     619,495,265        619,495,265                

Retailing

     348,295,018        348,295,018                

Semiconductors & Semiconductor Equipment

     789,858,881        789,858,881                

Software & Services

     1,339,602,327        1,339,602,327                

Technology Hardware & Equipment

     1,512,582,449        1,512,582,449                

Transportation

     251,793,879        251,793,879                

Utilities

     322,813,720        322,813,720                

Short-Term Investments

     85,603,203        84,778,798        824,405         
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $     13,065,996,004      $     13,065,171,599      $     824,405      $     —  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(1) 

For the year ended October 31, 2020, there were no transfers in and out of Level 3.

 

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

 

 

  62  

 


The Hartford MidCap Value Fund

Schedule of Investments

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
COMMON STOCKS - 99.4%  
      Automobiles & Components - 1.0%  
  221,327    

Gentex Corp.

  $ 6,124,118  
   

 

 

 
      Banks - 8.1%  
  90,745    

M&T Bank Corp.

    9,399,367  
  133,092    

South State Corp.

    8,171,849  
  441,224    

Sterling Bancorp

    5,903,577  
  307,326    

Synovus Financial Corp.

    7,990,476  
  225,095    

Western Alliance Bancorp

    9,273,914  
  237,016    

Zions Bancorp N.A

    7,648,506  
   

 

 

 
      48,387,689  
   

 

 

 
      Capital Goods - 14.9%  
  315,390    

Colfax Corp.*

    8,575,454  
  76,965    

EnerSys

    5,510,694  
  103,068    

Fortune Brands Home & Security, Inc.

    8,335,109  
  367,720    

Ingersoll Rand, Inc.*

    12,848,137  
  243,945    

JELD-WEN Holding, Inc.*

    5,130,163  
  62,450    

John Bean Technologies Corp.

    5,243,926  
  48,051    

L3Harris Technologies, Inc.

    7,741,497  
  60,521    

Middleby Corp.*

    6,024,260  
  62,631    

Moog, Inc. Class A

    3,907,548  
  249,637    

Rexnord Corp.

    8,008,355  
  172,088    

SPX FLOW, Inc.*

    7,287,927  
  181,799    

Westinghouse Air Brake Technologies Corp.

    10,780,681  
   

 

 

 
      89,393,751  
   

 

 

 
      Commercial & Professional Services - 1.6%  
  187,321    

Clean Harbors, Inc.*

    9,922,393  
   

 

 

 
      Consumer Durables & Apparel - 6.5%  
  122,124    

Carter’s, Inc.

    9,947,000  
  101,483    

Columbia Sportswear Co.

    7,569,617  
  81,650    

Leggett & Platt, Inc.

    3,407,254  
  115,927    

Lennar Corp. Class A

    8,141,553  
  418,978    

Steven Madden Ltd.

    10,059,662  
   

 

 

 
      39,125,086  
   

 

 

 
      Consumer Services - 1.6%  
  202,076    

Wyndham Hotels & Resorts, Inc.

    9,398,555  
   

 

 

 
      Diversified Financials - 2.8%  
  607,842    

SLM Corp.

    5,586,068  
  232,820    

Voya Financial, Inc.

    11,159,063  
   

 

 

 
      16,745,131  
   

 

 

 
      Energy - 1.8%  
  292,711    

Delek U.S. Holdings, Inc.

    2,944,673  
  243,104    

Diamondback Energy, Inc.

    6,310,980  
  183,906    

Viper Energy Partners L.P.

    1,289,181  
   

 

 

 
      10,544,834  
   

 

 

 
      Food & Staples Retailing - 1.4%  
  407,131    

U.S. Foods Holding Corp.*

    8,509,038  
   

 

 

 
      Food, Beverage & Tobacco - 2.1%  
  259,737    

Keurig Dr Pepper, Inc.

    6,986,925  
  66,533    

Post Holdings, Inc.*

    5,715,185  
   

 

 

 
      12,702,110  
   

 

 

 
      Health Care Equipment & Services - 11.6%  
  162,114    

Acadia Healthcare Co., Inc.*

    5,779,364  
  237,834    

Centene Corp.*

    14,055,989  
  226,034    

Dentsply Sirona, Inc.

    10,666,545  
  155,508    

Encompass Health Corp.

    9,534,196  
  72,118    

Hill-Rom Holdings, Inc.

    6,567,786  
  88,107    

Hologic, Inc.*

    6,063,524  
  31,552    

Molina Healthcare, Inc.*

    5,883,501  
  83,983    

Zimmer Biomet Holdings, Inc.

    11,094,154  
   

 

 

 
      69,645,059  
   

 

 

 
Shares or Principal Amount   Market Value  
COMMON STOCKS - 99.4% - (continued)  
      Insurance - 10.1%  
  10,399    

Alleghany Corp.

  $ 5,687,525  
  107,801    

Arthur J Gallagher & Co.

    11,180,042  
  77,975    

Assurant, Inc.

    9,697,751  
  493,382    

CNO Financial Group, Inc.

    8,757,531  
  93,947    

Hanover Insurance Group, Inc.

    8,986,970  
  111,790    

Kemper Corp.

    6,892,971  
  471,566    

Lancashire Holdings Ltd.

    3,891,599  
  33,534    

RenaissanceRe Holdings Ltd.

    5,423,118  
   

 

 

 
      60,517,507  
   

 

 

 
      Materials - 8.0%  
  163,400    

Buzzi Unicem S.p.A.

    3,535,615  
  120,334    

Celanese Corp.

    13,659,112  
  147,034    

Crown Holdings, Inc.*

    12,615,517  
  74,492    

FMC Corp.

    7,653,308  
  98,075    

Reliance Steel & Aluminum Co.

    10,689,194  
   

 

 

 
      48,152,746  
   

 

 

 
      Media & Entertainment - 1.8%  
  41,500    

Electronic Arts, Inc.*

    4,972,945  
  461,419    

TEGNA, Inc.

    5,550,871  
   

 

 

 
      10,523,816  
   

 

 

 
      Real Estate - 8.6%  
  178,264    

American Campus Communities, Inc. REIT

    6,677,769  
  175,836    

Americold Realty Trust REIT

    6,370,538  
  69,799    

Boston Properties, Inc. REIT

    5,054,146  
  143,636    

First Industrial Realty Trust, Inc. REIT

    5,718,149  
  326,408    

Gaming and Leisure Properties, Inc. REIT

    11,864,931  
  177,860    

Highwoods Properties, Inc. REIT

    5,294,892  
  330,998    

Host Hotels & Resorts, Inc. REIT

    3,468,859  
  63,631    

Life Storage, Inc. REIT

    7,263,479  
   

 

 

 
      51,712,763  
   

 

 

 
      Retailing - 1.4%  
  95,365    

Dollar Tree, Inc.*

    8,613,367  
   

 

 

 
      Semiconductors & Semiconductor Equipment - 1.5%  
  81,299    

MKS Instruments, Inc.

    8,811,999  
   

 

 

 
      Software & Services - 3.1%  
  121,911    

Amdocs Ltd.

    6,873,342  
  78,111    

Leidos Holdings, Inc.

    6,483,213  
  83,897    

SS&C Technologies Holdings, Inc.

    4,968,380  
   

 

 

 
      18,324,935  
   

 

 

 
      Technology Hardware & Equipment - 6.6%  
  139,773    

Ciena Corp.*

    5,505,659  
  42,322    

Coherent, Inc.*

    5,296,175  
  53,528    

F5 Networks, Inc.*

    7,116,012  
  161,865    

Lumentum Holdings, Inc.*

    13,384,617  
  26,296    

Rogers Corp.*

    3,187,601  
  129,148    

Western Digital Corp.

    4,872,754  
   

 

 

 
      39,362,818  
   

 

 

 
      Utilities - 4.9%  
  144,147    

Alliant Energy Corp.

    7,968,446  
  140,293    

Evergy, Inc.

    7,744,173  
  103,919    

Portland General Electric Co.

    4,084,017  
  77,699    

Sempra Energy

    9,740,347  
   

 

 

 
      29,536,983  
   

 

 

 
 

Total Common Stocks
(cost $580,294,290)

  $ 596,054,698  
   

 

 

 
 

 

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

 

 

  63  

 


The Hartford MidCap Value Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
SHORT-TERM INVESTMENTS - 0.2%  
      Repurchase Agreements - 0.2%  
  1,161,266    

Fixed Income Clearing Corp. Repurchase Agreement dated 10/30/2020 at 0.060%, due on 11/02/2020 with a maturity value of $1,161,272; collateralized by U.S. Treasury Notes at 2.875%, maturing 05/15/2028, with a market value of $1,184,525.

  $ 1,161,266  
   

 

 

 
 

Total Short-Term Investments
(cost $1,161,266)

  $ 1,161,266  
   

 

 

 
 

Total Investments
(cost $581,455,556)

    99.6    $ 597,215,964  
 

Other Assets and Liabilities

    0.4      2,561,818  
   

 

 

    

 

 

 
 

Total Net Assets

    100.0    $ 599,777,782  
   

 

 

    

 

 

 

 

Note:

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

 

    

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

    

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

 

    

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

 

See “Glossary” for abbreviation descriptions.

 

*

Non-income producing.

 

 

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

 

Fair Value Summary

The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.

 

Description

   Total      Level 1      Level 2      Level 3(1)  

Assets

 

Common Stocks

 

Automobiles & Components

   $ 6,124,118      $ 6,124,118      $      $  

Banks

     48,387,689        48,387,689                

Capital Goods

     89,393,751        89,393,751                

Commercial & Professional Services

     9,922,393        9,922,393                

Consumer Durables & Apparel

     39,125,086        39,125,086                

Consumer Services

     9,398,555        9,398,555                

Diversified Financials

     16,745,131        16,745,131                

Energy

     10,544,834        10,544,834                

Food & Staples Retailing

     8,509,038        8,509,038                

Food, Beverage & Tobacco

     12,702,110        12,702,110                

Health Care Equipment & Services

     69,645,059        69,645,059                

Insurance

     60,517,507        56,625,908        3,891,599         

Materials

     48,152,746        44,617,131        3,535,615         

Media & Entertainment

     10,523,816        10,523,816                

Real Estate

     51,712,763        51,712,763                

Retailing

     8,613,367        8,613,367                

Semiconductors & Semiconductor Equipment

     8,811,999        8,811,999                

Software & Services

     18,324,935        18,324,935                

Technology Hardware & Equipment

     39,362,818        39,362,818                

Utilities

     29,536,983        29,536,983                

Short-Term Investments

     1,161,266               1,161,266         
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $     597,215,964      $     588,627,484      $     8,588,480      $     —  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(1) 

For the year ended October 31, 2020, there were no transfers in and out of Level 3.

 

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

 

 

  64  

 


Hartford Quality Value Fund

Schedule of Investments

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
COMMON STOCKS - 99.0%  
      Banks - 12.0%  
  270,210    

Bank of America Corp.

  $ 6,403,977  
  32,255    

Bank of Nova Scotia

    1,340,518  
  45,924    

Citigroup, Inc.

    1,902,172  
  73,791    

JP Morgan Chase & Co.

    7,234,470  
  30,438    

PNC Financial Services Group, Inc.

    3,405,403  
   

 

 

 
      20,286,540  
   

 

 

 
      Capital Goods - 11.4%  
  13,460    

Deere & Co.

    3,040,749  
  26,064    

Eaton Corp. plc

    2,705,182  
  18,311    

Honeywell International, Inc.

    3,020,399  
  80,479    

Johnson Controls International plc

    3,397,019  
  5,247    

Lockheed Martin Corp.

    1,837,132  
  59,600    

Raytheon Technologies Corp.

    3,237,472  
  36,039    

Westinghouse Air Brake Technologies Corp.

    2,137,113  
   

 

 

 
      19,375,066  
   

 

 

 
      Consumer Services - 2.7%  
  12,878    

Hilton Worldwide Holdings, Inc.

    1,130,817  
  15,931    

McDonald’s Corp.

    3,393,303  
   

 

 

 
      4,524,120  
   

 

 

 
      Diversified Financials - 2.0%  
  30,149    

American Express Co.

    2,750,795  
  1,080    

BlackRock, Inc.

    647,147  
   

 

 

 
      3,397,942  
   

 

 

 
      Energy - 4.6%  
  49,499    

Chevron Corp.

    3,440,180  
  31,823    

EOG Resources, Inc.

    1,089,620  
  45,860    

Exxon Mobil Corp.

    1,495,953  
  58,314    

Total SE ADR

    1,768,664  
   

 

 

 
      7,794,417  
   

 

 

 
      Food & Staples Retailing - 1.9%  
  35,083    

Kroger Co.

    1,130,024  
  38,939    

Sysco Corp.

    2,153,716  
   

 

 

 
      3,283,740  
   

 

 

 
      Food, Beverage & Tobacco - 5.3%  
  25,984    

General Mills, Inc.

    1,536,174  
  34,133    

Kellogg Co.

    2,146,624  
  43,670    

Mondelez International, Inc. Class A

    2,319,751  
  42,436    

Philip Morris International, Inc.

    3,013,805  
   

 

 

 
      9,016,354  
   

 

 

 
      Health Care Equipment & Services - 7.5%  
  10,575    

Becton Dickinson and Co.

    2,444,200  
  18,037    

Hill-Rom Holdings, Inc.

    1,642,630  
  40,391    

Koninklijke Philips N.V. ADR*

    1,878,181  
  40,366    

Medtronic plc

    4,059,609  
  8,550    

UnitedHealth Group, Inc.

    2,608,947  
   

 

 

 
      12,633,567  
   

 

 

 
      Insurance - 5.8%  
  50,268    

American International Group, Inc.

    1,582,939  
  21,556    

Chubb Ltd.

    2,800,340  
  21,228    

Marsh & McLennan Cos., Inc.

    2,196,249  
  39,605    

Principal Financial Group, Inc.

    1,553,308  
  27,551    

Prudential Financial, Inc.

    1,763,815  
   

 

 

 
      9,896,651  
   

 

 

 
      Materials - 4.3%  
  27,233    

Celanese Corp.

    3,091,218  
  17,931    

FMC Corp.

    1,842,231  
  18,502    

PPG Industries, Inc.

    2,400,079  
   

 

 

 
      7,333,528  
   

 

 

 
      Media & Entertainment - 2.3%  
  92,267    

Comcast Corp. Class A

    3,897,358  
   

 

 

 
Shares or Principal Amount   Market Value  
COMMON STOCKS - 99.0% - (continued)  
      Pharmaceuticals, Biotechnology & Life Sciences - 6.7%  
  45,116    

AstraZeneca plc ADR

  $ 2,263,018  
  31,361    

Merck & Co., Inc.

    2,358,661  
  22,187    

Novartis AG ADR

    1,732,361  
  139,271    

Pfizer, Inc.

    4,941,335  
   

 

 

 
      11,295,375  
   

 

 

 
      Real Estate - 4.3%  
  7,078    

American Tower Corp. REIT

    1,625,463  
  141,437    

Host Hotels & Resorts, Inc. REIT

    1,482,260  
  8,543    

Public Storage REIT

    1,956,945  
  99,111    

VICI Properties, Inc. REIT

    2,274,597  
   

 

 

 
      7,339,265  
   

 

 

 
      Retailing - 5.1%  
  571,800    

Allstar Co.(1)(2)

    480,312  
  19,074    

Lowe’s Cos., Inc.

    3,015,599  
  19,920    

Target Corp.

    3,032,223  
  40,713    

TJX Cos., Inc.

    2,068,220  
   

 

 

 
      8,596,354  
   

 

 

 
      Semiconductors & Semiconductor Equipment - 7.5%  
  9,335    

Broadcom, Inc.

    3,263,796  
  68,656    

Intel Corp.

    3,040,088  
  11,951    

KLA Corp.

    2,356,498  
  14,905    

QUALCOMM, Inc.

    1,838,681  
  15,458    

Texas Instruments, Inc.

    2,235,072  
   

 

 

 
      12,734,135  
   

 

 

 
      Software & Services - 2.5%  
  11,359    

Accenture plc Class A

    2,463,881  
  15,628    

International Business Machines Corp.

    1,745,022  
   

 

 

 
      4,208,903  
   

 

 

 
      Technology Hardware & Equipment - 1.5%  
  70,526    

Cisco Systems, Inc.

    2,531,883  
   

 

 

 
      Telecommunication Services - 3.7%  
  111,193    

Verizon Communications, Inc.

    6,336,889  
   

 

 

 
      Transportation - 1.2%  
  16,353    

J.B. Hunt Transport Services, Inc.

    1,990,814  
   

 

 

 
      Utilities - 6.7%  
  44,834    

Alliant Energy Corp.

    2,478,423  
  41,487    

Avangrid, Inc.

    2,046,969  
  28,867    

Dominion Energy, Inc.

    2,319,175  
  27,294    

Eversource Energy

    2,381,947  
  16,997    

Sempra Energy

    2,130,744  
   

 

 

 
      11,357,258  
   

 

 

 
 

Total Common Stocks
(cost $163,254,463)

  $ 167,830,159  
   

 

 

 
SHORT-TERM INVESTMENTS - 0.9%  
      Repurchase Agreements - 0.9%  
  1,505,191    

Fixed Income Clearing Corp. Repurchase Agreement dated 10/30/2020 at 0.060%, due on 11/02/2020 with a maturity value of $1,505,199; collateralized by U.S. Treasury Note at 2.250%, maturing 11/15/2027, with a market value of $1,535,366.

  $ 1,505,191  
   

 

 

 
 

Total Short-Term Investments
(cost $1,505,191)

  $ 1,505,191  
   

 

 

 
 

Total Investments
(cost $164,759,654)

    99.9    $ 169,335,350  
 

Other Assets and Liabilities

    0.1      221,886  
   

 

 

    

 

 

 
 

Total Net Assets

    100.0    $ 169,557,236  
   

 

 

    

 

 

 
 

 

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

 

 

  65  

 


Hartford Quality Value Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Note:

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

 

    

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

 

    

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

 

    

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

    

See “Glossary” for abbreviation descriptions.

 

*

Non-income producing.

 

(1) 

This security is valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At

  October 31, 2020, the aggregate fair value of this security was $480,312, which represented 0.3% of total net assets. This amount excludes securities that are principally traded in certain foreign markets and those prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors.

 

(2) 

Investment in securities not registered under the Securities Act of 1933 (excluding securities acquired pursuant to Rule 144A and Regulation S). At the end of the period, the value of such restricted securities amounted to $480,312 or 0.3% of net assets.

 

Period
Acquired
    

Security Name

   Shares/
Par Value
     Total Cost      Market Value  
  08/2011      Allstar Co.      571,800      $     248,744      $     480,312  

 

 

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

 

Fair Value Summary

The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.

 

Description

   Total      Level 1      Level 2      Level 3(1)  

Assets

 

Common Stocks

 

Banks

   $ 20,286,540      $ 20,286,540      $      $  

Capital Goods

     19,375,066        19,375,066                

Consumer Services

     4,524,120        4,524,120                

Diversified Financials

     3,397,942        3,397,942                

Energy

     7,794,417        7,794,417                

Food & Staples Retailing

     3,283,740        3,283,740                

Food, Beverage & Tobacco

     9,016,354        9,016,354                

Health Care Equipment & Services

     12,633,567        12,633,567                

Insurance

     9,896,651        9,896,651                

Materials

     7,333,528        7,333,528                

Media & Entertainment

     3,897,358        3,897,358                

Pharmaceuticals, Biotechnology & Life Sciences

     11,295,375        11,295,375                

Real Estate

     7,339,265        7,339,265                

Retailing

     8,596,354        8,116,042        480,312         

Semiconductors & Semiconductor Equipment

     12,734,135        12,734,135                

Software & Services

     4,208,903        4,208,903                

Technology Hardware & Equipment

     2,531,883        2,531,883                

Telecommunication Services

     6,336,889        6,336,889                

Transportation

     1,990,814        1,990,814                

Utilities

     11,357,258        11,357,258                

Short-Term Investments

     1,505,191               1,505,191         
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $     169,335,350      $     167,349,847      $     1,985,503      $     —  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(1)

For the year ended October 31, 2020, investments valued at $131,514 were transferred out of Level 3 due to the initiation of a vendor providing prices that are based on market activity which has been determined to be significant observable input and there were no transfers in to Level 3.

 

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

 

 

  66  

 


The Hartford Small Cap Growth Fund

Schedule of Investments

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
COMMON STOCKS - 99.5%  
      Automobiles & Components - 2.2%  
  72,212    

Fox Factory Holding Corp.*

  $ 6,071,585  
  115,624    

Patrick Industries, Inc.

    6,446,038  
  60,653    

Thor Industries, Inc.

    5,130,031  
   

 

 

 
      17,647,654  
   

 

 

 
      Banks - 2.7%  
  495,591    

MGIC Investment Corp.

    4,985,645  
  272,924    

Sterling Bancorp

    3,651,723  
  140,580    

Synovus Financial Corp.

    3,655,080  
  150,660    

Triumph Bancorp, Inc.*

    6,347,306  
  79,446    

Western Alliance Bancorp

    3,273,175  
   

 

 

 
      21,912,929  
   

 

 

 
      Capital Goods - 8.7%  
  132,692    

Aerojet Rocketdyne Holdings, Inc.*

    4,301,875  
  87,991    

Altra Industrial Motion Corp.

    3,762,495  
  89,565    

Applied Industrial Technologies, Inc.

    5,467,943  
  41,965    

Armstrong World Industries, Inc.

    2,513,703  
  36,458    

Axon Enterprise, Inc.*

    3,605,696  
  112,659    

BWX Technologies, Inc.

    6,197,372  
  40,075    

Curtiss-Wright Corp.

    3,380,727  
  62,647    

EnerSys

    4,485,525  
  88,839    

ITT, Inc.

    5,375,648  
  74,710    

John Bean Technologies Corp.

    6,273,399  
  55,071    

Mercury Systems, Inc.*

    3,793,290  
  179,219    

Rexnord Corp.

    5,749,346  
  140,101    

SPX Corp.*

    5,938,881  
  113,669    

SPX FLOW, Inc.*

    4,813,882  
  57,864    

Trex Co., Inc.*

    4,023,863  
   

 

 

 
      69,683,645  
   

 

 

 
      Commercial & Professional Services - 3.7%  
  92,162    

ASGN, Inc.*

    6,145,362  
  73,328    

Clean Harbors, Inc.*

    3,884,184  
  84,032    

Exponent, Inc.

    5,847,787  
  69,491    

Insperity, Inc.

    5,321,621  
  79,325    

Tetra Tech, Inc.

    8,004,686  
   

 

 

 
      29,203,640  
   

 

 

 
      Consumer Durables & Apparel - 6.7%  
  56,030    

American Outdoor Brands, Inc.*

    847,734  
  45,350    

Carter’s, Inc.

    3,693,757  
  37,848    

Deckers Outdoor Corp.*

    9,589,548  
  104,581    

PVH Corp.

    6,096,026  
  257,589    

Smith & Wesson Brands, Inc.

    4,273,402  
  68,774    

TopBuild Corp.*

    10,536,865  
  464,344    

Under Armour, Inc. Class C*

    5,678,927  
  203,026    

Wolverine World Wide, Inc.

    5,414,703  
  143,779    

YETI Holdings, Inc.*

    7,114,185  
   

 

 

 
      53,245,147  
   

 

 

 
      Consumer Services - 3.4%  
  50,142    

Churchill Downs, Inc.

    7,478,680  
  60,773    

Dunkin’ Brands Group, Inc.

    6,059,676  
  150,790    

Penn National Gaming, Inc.*

    8,139,644  
  46,313    

Wingstop, Inc.

    5,387,591  
   

 

 

 
      27,065,591  
   

 

 

 
      Diversified Financials - 2.0%  
  130,775    

OneMain Holdings, Inc.

    4,562,740  
  532,482    

SLM Corp.

    4,893,509  
  81,800    

StepStone Group, Inc. Class A*

    2,103,078  
  78,930    

Stifel Financial Corp.

    4,614,248  
   

 

 

 
      16,173,575  
   

 

 

 
      Food & Staples Retailing - 0.7%  
  177,665    

Performance Food Group Co.*

    5,971,321  
   

 

 

 
Shares or Principal Amount   Market Value  
COMMON STOCKS - 99.5% - (continued)  
      Food, Beverage & Tobacco - 2.1%  
  71,712    

Freshpet, Inc.*

  $ 8,211,024  
  393,003    

Hostess Brands, Inc.*

    4,967,558  
  203,382    

Simply Good Foods Co.*

    3,823,581  
   

 

 

 
      17,002,163  
   

 

 

 
      Health Care Equipment & Services - 12.6%  
  44,592    

Addus HomeCare Corp.*

    4,350,841  
  20,388    

Amedisys, Inc.*

    5,280,492  
  96,713    

AtriCure, Inc.*

    3,342,401  
  94,855    

Cardiovascular Systems, Inc.*

    3,381,581  
  62,855    

Glaukos Corp.*

    3,514,852  
  124,071    

Globus Medical, Inc. Class A*

    6,466,581  
  132,794    

Health Catalyst, Inc.*(1)

    4,578,737  
  184,012    

HMS Holdings Corp.*

    4,898,400  
  11,710    

ICU Medical, Inc.*

    2,081,921  
  84,418    

Integer Holdings Corp.*

    4,934,232  
  103,208    

Integra LifeSciences Holdings Corp.*

    4,551,473  
  28,245    

iRhythm Technologies, Inc.*

    5,972,405  
  40,731    

LHC Group, Inc.*

    8,820,298  
  128,975    

Omnicell, Inc.*

    11,162,786  
  205,944    

OraSure Technologies, Inc.*

    3,076,803  
  71,165    

Providence Service Corp.*

    8,365,446  
  476,746    

R1 RCM, Inc.*

    8,543,288  
  68,580    

Tandem Diabetes Care, Inc.*

    7,475,220  
   

 

 

 
      100,797,757  
   

 

 

 
      Household & Personal Products - 0.5%  
  218,352    

BellRing Brands, Inc. Class A*

    3,993,658  
   

 

 

 
      Insurance - 1.2%  
  126,176    

James River Group Holdings Ltd.

    5,896,204  
  66,239    

Kemper Corp.

    4,084,297  
   

 

 

 
      9,980,501  
   

 

 

 
      Materials - 3.0%  
  203,201    

Axalta Coating Systems Ltd.*

    5,102,377  
  123,663    

Boise Cascade Co.

    4,746,186  
  313,772    

Graphic Packaging Holding Co.

    4,170,030  
  71,563    

Ingevity Corp.*

    3,927,377  
  201,357    

Louisiana-Pacific Corp.

    5,754,783  
   

 

 

 
      23,700,753  
   

 

 

 
      Media & Entertainment - 1.2%  
  101,853    

Cardlytics, Inc.*(1)

    7,518,789  
  99,311    

Cargurus, Inc.*

    1,979,268  
   

 

 

 
      9,498,057  
   

 

 

 
      Pharmaceuticals, Biotechnology & Life Sciences - 20.6%  
  298,613    

Adverum Biotechnologies, Inc.*

    3,257,868  
  559,343    

Akebia Therapeutics, Inc.*

    1,241,741  
  15,100    

Akero Therapeutics, Inc.*

    400,905  
  40,400    

Aligos Therapeutics, Inc.*

    603,576  
  60,528    

Allakos, Inc.*(1)

    5,758,029  
  39,400    

ALX Oncology Holdings, Inc.*(1)

    1,556,694  
  415,958    

Amicus Therapeutics, Inc.*

    7,416,531  
  160,312    

Apellis Pharmaceuticals, Inc.*

    5,113,953  
  32,455    

Arena Pharmaceuticals, Inc.*

    2,782,043  
  82,909    

Arrowhead Pharmaceuticals, Inc.*

    4,750,686  
  75,384    

Biohaven Pharmaceutical Holding Co., Ltd.*

    5,839,245  
  98,532    

ChemoCentryx, Inc.*

    4,729,536  
  147,271    

Constellation Pharmaceuticals, Inc.*

    2,889,457  
  232,243    

Dicerna Pharmaceuticals, Inc.*

    4,874,780  
  63,200    

Dyne Therapeutics, Inc.*

    1,306,976  
  38,780    

Emergent BioSolutions, Inc.*

    3,489,037  
  278,864    

Heron Therapeutics, Inc.*

    4,548,272  
  156,960    

Homology Medicines, Inc.*

    1,659,067  
  524,020    

ImmunoGen, Inc.*

    2,955,473  
  218,036    

Karyopharm Therapeutics, Inc.*

    3,231,293  
 

 

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

 

 

  67  

 


The Hartford Small Cap Growth Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
COMMON STOCKS - 99.5% - (continued)  
      Pharmaceuticals, Biotechnology & Life Sciences - 20.6% - (continued)  
  68,042    

Kodiak Sciences, Inc.*

  $ 6,178,894  
  118,925    

Kura Oncology, Inc.*

    3,716,406  
  59,693    

Kymera Therapeutics, Inc.*

    2,148,351  
  41,447    

Madrigal Pharmaceuticals, Inc.*

    5,274,131  
  225,837    

Mersana Therapeutics, Inc.*

    4,069,583  
  45,865    

Mirati Therapeutics, Inc.*

    9,959,126  
  114,241    

NanoString Technologies, Inc.*

    4,186,933  
  30,635    

Novavax, Inc.*(1)

    2,472,551  
  70,527    

Pacira BioSciences, Inc.*

    3,688,562  
  107,067    

PTC Therapeutics, Inc.*

    5,587,827  
  282,753    

Radius Health, Inc.*

    3,791,718  
  108,407    

RAPT Therapeutics, Inc.*

    3,115,617  
  20,748    

Reata Pharmaceuticals, Inc. Class A*

    2,421,499  
  24,489    

Repligen Corp.*

    4,079,133  
  172,862    

Revance Therapeutics, Inc.*

    4,473,668  
  143,288    

Rhythm Pharmaceuticals, Inc.*

    3,033,407  
  192,634    

TG Therapeutics, Inc.*

    4,867,861  
  232,617    

Theravance Biopharma, Inc.*

    4,398,787  
  49,868    

Turning Point Therapeutics, Inc.*

    4,597,331  
  50,599    

Ultragenyx Pharmaceutical, Inc.*

    5,085,199  
  144,682    

Veracyte, Inc.*

    5,014,678  
  101,400    

Y-mAbs Therapeutics, Inc.*

    4,333,836  
   

 

 

 
      164,900,260  
   

 

 

 
      Real Estate - 2.8%  
  230,155    

Columbia Property Trust, Inc. REIT

    2,435,040  
  35,665    

Coresite Realty Corp. REIT

    4,256,974  
  142,368    

Corporate Office Properties Trust REIT

    3,193,314  
  232,381    

Essential Properties Realty Trust, Inc. REIT

    3,838,934  
  385,139    

Independence Realty Trust, Inc. REIT

    4,679,439  
  35,293    

PS Business Parks, Inc. REIT

    4,024,461  
   

 

 

 
      22,428,162  
   

 

 

 
      Retailing - 2.8%  
  91,656    

Floor & Decor Holdings, Inc. Class A*

    6,690,888  
  163,192    

Foot Locker, Inc.

    6,018,521  
  4,700    

Leslie’s, Inc.*

    103,259  
  18,661    

Lithia Motors, Inc. Class A

    4,284,006  
  61,624    

Shutterstock, Inc.

    4,033,291  
  6,822    

Stamps.com, Inc.*

    1,522,943  
   

 

 

 
      22,652,908  
   

 

 

 
      Semiconductors & Semiconductor Equipment - 4.6%  
  191,121    

Axcelis Technologies, Inc.*

    4,218,041  
  72,094    

Cirrus Logic, Inc.*

    4,965,114  
  199,829    

Cohu, Inc.

    4,342,284  
  66,137    

First Solar, Inc.*

    5,756,895  
  196,359    

FormFactor, Inc.*

    5,566,778  
  104,581    

Power Integrations, Inc.

    6,296,822  
  72,132    

Synaptics, Inc.*

    5,530,360  
   

 

 

 
      36,676,294  
   

 

 

 
      Software & Services - 15.2%  
  94,719    

Alarm.com Holdings, Inc.*

    5,524,959  
  88,802    

Blackbaud, Inc.

    4,381,491  
  29,403    

CACI International, Inc. Class A*

    6,131,408  
  109,774    

Digital Turbine, Inc.*

    3,146,123  
  42,802    

Everbridge, Inc.*

    4,480,941  
  86,145    

ExlService Holdings, Inc.*

    6,524,622  
  51,968    

Five9, Inc.*

    7,884,585  
  105,757    

LiveRamp Holdings, Inc.*

    6,989,480  
  55,127    

Manhattan Associates, Inc.*

    4,713,359  
  176,361    

Medallia, Inc.*

    5,017,470  
  135,995    

Mimecast Ltd.*

    5,196,369  
  23,601    

Paylocity Holding Corp.*

    4,378,458  
  37,933    

Pegasystems, Inc.

    4,395,676  
  158,631    

Perficient, Inc.*

    6,211,990  
Shares or Principal Amount   Market Value  
COMMON STOCKS - 99.5% - (continued)  
      Software & Services - 15.2% - (continued)  
  78,826    

Q2 Holdings, Inc.*

  $ 7,192,084  
  123,244    

Rapid7, Inc.*

    7,632,501  
  168,719    

Repay Holdings Corp.*

    3,801,239  
  70,682    

Science Applications International Corp.

    5,397,984  
  111,702    

Sprout Social, Inc. Class A*

    4,881,377  
  294,161    

SVMK, Inc.*

    6,156,790  
  48,188    

Varonis Systems, Inc.*

    5,569,087  
  584,650    

Verra Mobility Corp.*(1)

    5,618,487  
   

 

 

 
      121,226,480  
   

 

 

 
      Technology Hardware & Equipment - 2.0%  
  164,992    

CTS Corp.

    4,560,379  
  96,466    

Insight Enterprises, Inc.*

    5,146,461  
  76,442    

Lumentum Holdings, Inc.*

    6,320,989  
   

 

 

 
      16,027,829  
   

 

 

 
      Telecommunication Services - 0.4%  
  18,298    

Bandwidth, Inc. Class A*

    2,934,176  
   

 

 

 
      Transportation - 0.4%      
  215,476    

Marten Transport Ltd.

    3,306,479  
   

 

 

 
 

Total Common Stocks
(cost $623,014,762)

  $ 796,028,979  
   

 

 

 
SHORT-TERM INVESTMENTS - 1.6%  
      Repurchase Agreements - 0.3%  
  2,555,212    

Fixed Income Clearing Corp. Repurchase Agreement dated 10/30/2020 at 0.060%, due on 11/02/2020 with a maturity value of $2,555,225; collateralized by U.S. Treasury Notes at 0.750%, maturing 07/15/2028, with a market value of $2,606,384

  $ 2,555,212  
   

 

 

 
      Securities Lending Collateral - 1.3%  
  10,149,792    

Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 0.02%(2)

    10,149,792  
  10,244    

Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 0.03%(2)

    10,244  
   

 

 

 
      10,160,036  
   

 

 

 
 

Total Short-Term Investments
(cost $12,715,248)

  $ 12,715,248  
   

 

 

 
 

Total Investments
(cost $635,730,010)

    101.1    $ 808,744,227  
 

Other Assets and Liabilities

    (1.1 )%       (8,723,276
   

 

 

    

 

 

 
 

Total Net Assets

    100.0    $ 800,020,951  
   

 

 

    

 

 

 

 

Note:

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

 

    

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

 

    

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

    

See “Glossary” for abbreviation descriptions.

 

*

Non-income producing.

 

(1) 

Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information.

 

(2) 

Current yield as of period end.

 

 

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

 

 

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

 

 

  68  

 


The Hartford Small Cap Growth Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Fair Value Summary

The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.

 

Description

   Total      Level 1      Level 2      Level 3(1)  

Assets

 

Common Stocks

 

Automobiles & Components

   $ 17,647,654      $ 17,647,654      $      $  

Banks

     21,912,929        21,912,929                

Capital Goods

     69,683,645        69,683,645                

Commercial & Professional Services

     29,203,640        29,203,640                

Consumer Durables & Apparel

     53,245,147        53,245,147                

Consumer Services

     27,065,591        27,065,591                

Diversified Financials

     16,173,575        16,173,575                

Food & Staples Retailing

     5,971,321        5,971,321                

Food, Beverage & Tobacco

     17,002,163        17,002,163                

Health Care Equipment & Services

     100,797,757        100,797,757                

Household & Personal Products

     3,993,658        3,993,658                

Insurance

     9,980,501        9,980,501                

Materials

     23,700,753        23,700,753                

Media & Entertainment

     9,498,057        9,498,057                

Pharmaceuticals, Biotechnology & Life Sciences

     164,900,260        164,900,260                

Real Estate

     22,428,162        22,428,162                

Retailing

     22,652,908        22,652,908                

Semiconductors & Semiconductor Equipment

     36,676,294        36,676,294                

Software & Services

     121,226,480        121,226,480                

Technology Hardware & Equipment

     16,027,829        16,027,829                

Telecommunication Services

     2,934,176        2,934,176                

Transportation

     3,306,479        3,306,479                

Short-Term Investments

     12,715,248        10,160,036        2,555,212         
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $     808,744,227      $     806,189,015      $     2,555,212      $     —  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(1) 

For the year ended October 31, 2020, there were no transfers in and out of Level 3.

 

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

 

 

  69  

 


Hartford Small Cap Value Fund

Schedule of Investments

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
COMMON STOCKS - 97.3%  
      Banks - 23.8%  
  55,761    

Bank OZK

  $ 1,381,757  
  153,302    

Cadence Bancorp

    1,720,048  
  18,661    

Federal Agricultural Mortgage Corp. Class C

    1,205,314  
  64,307    

First Hawaiian, Inc.

    1,109,939  
  37,999    

First Interstate BancSystem, Inc. Class A

    1,341,365  
  154,411    

FNB Corp.

    1,167,347  
  82,851    

Great Western Bancorp, Inc.

    1,076,235  
  65,095    

Hilltop Holdings, Inc.

    1,484,817  
  91,699    

Home BancShares, Inc.

    1,522,203  
  54,658    

Pacific Premier Bancorp, Inc.

    1,393,779  
  86,343    

Radian Group, Inc.

    1,549,857  
  107,919    

Sterling Bancorp

    1,443,956  
  94,082    

Umpqua Holdings Corp.

    1,181,670  
  32,131    

Western Alliance Bancorp

    1,323,797  
   

 

 

 
    18,902,084  
   

 

 

 
      Capital Goods - 10.1%  
  30,253    

Argan, Inc.

    1,246,121  
  21,766    

EnerSys

    1,558,446  
  52,768    

Kennametal, Inc.

    1,635,808  
  18,044    

Moog, Inc. Class A

    1,125,765  
  57,527    

nVent Electric plc

    1,038,362  
  179,722    

REV Group, Inc.

    1,410,818  
   

 

 

 
    8,015,320  
   

 

 

 
      Commercial & Professional Services - 7.5%  
  111,916    

BrightView Holdings, Inc.*

    1,368,733  
  50,595    

Deluxe Corp.

    1,084,757  
  37,723    

Kforce, Inc.

    1,308,988  
  108,050    

Knoll, Inc.

    1,238,253  
  43,690    

Loomis AB*

    975,591  
   

 

 

 
    5,976,322  
   

 

 

 
      Consumer Durables & Apparel - 7.0%  
  48,475    

Kontoor Brands, Inc.*

    1,594,828  
  123,784    

Movado Group, Inc.

    1,350,483  
  59,903    

Steven Madden Ltd.

    1,438,271  
  17,086    

Sturm Ruger & Co., Inc.

    1,142,370  
   

 

 

 
    5,525,952  
   

 

 

 
      Consumer Services - 3.2%  
  38,931    

Adtalem Global Education, Inc.*

    912,543  
  52,978    

Carriage Services, Inc.

    1,367,362  
  53,031    

Regis Corp.*(1)

    293,792  
   

 

 

 
    2,573,697  
   

 

 

 
      Diversified Financials - 5.1%  
  102,425    

Greenhill & Co., Inc.

    1,324,355  
  180,352    

Navient Corp.

    1,444,620  
  37,664    

PRA Group, Inc.*

    1,285,472  
   

 

 

 
    4,054,447  
   

 

 

 
      Food, Beverage & Tobacco - 1.8%  
  114,115    

Hostess Brands, Inc.*

    1,442,414  
   

 

 

 
      Health Care Equipment & Services - 5.6%  
  45,728    

Envista Holdings Corp.*

    1,208,134  
  44,025    

Natus Medical, Inc.*

    801,695  
  88,680    

NextGen Healthcare, Inc.*

    1,206,048  
  37,362    

Premier, Inc. Class A

    1,222,858  
   

 

 

 
    4,438,735  
   

 

 

 
      Household & Personal Products - 4.6%  
  43,237    

Edgewell Personal Care Co.*

    1,133,674  
  32,334    

Energizer Holdings, Inc.

    1,272,343  
  8,802    

Medifast, Inc.

    1,236,593  
   

 

 

 
    3,642,610  
   

 

 

 
      Insurance - 3.1%  
  133,033    

Lancashire Holdings Ltd.

    1,097,855  
  172,377    

Third Point Reinsurance Ltd.*

    1,341,093  
   

 

 

 
    2,438,948  
   

 

 

 
Shares or Principal Amount   Market Value  
COMMON STOCKS - 97.3% - (continued)  
      Materials - 3.5%  
  22,803    

Compass Minerals International, Inc.

  $ 1,376,845  
  40,966    

Schweitzer-Mauduit International, Inc.

    1,360,071  
   

 

 

 
    2,736,916  
   

 

 

 
      Media & Entertainment - 1.7%  
  114,660    

TEGNA, Inc.

    1,379,360  
   

 

 

 
      Real Estate - 3.0%  
  138,126    

CoreCivic, Inc. REIT

    885,388  
  126,042    

Pebblebrook Hotel Trust REIT

    1,509,983  
   

 

 

 
    2,395,371  
   

 

 

 
      Retailing - 2.6%  
  41,386    

Children’s Place, Inc.(1)

    1,045,824  
  122,189    

Michaels Cos., Inc.*

    990,953  
   

 

 

 
    2,036,777  
   

 

 

 
      Semiconductors & Semiconductor Equipment - 4.5%  
  47,550    

Ichor Holdings Ltd.*

    1,106,013  
  35,839    

Silicon Motion Technology Corp. ADR

    1,352,564  
  52,085    

Tower Semiconductor Ltd.*

    1,098,993  
   

 

 

 
    3,557,570  
   

 

 

 
      Software & Services - 3.1%  
  27,746    

CSG Systems International, Inc.

    1,051,019  
  114,916    

Xperi Holding Corp.

    1,424,958  
   

 

 

 
    2,475,977  
   

 

 

 
      Technology Hardware & Equipment - 4.9%  
  131,795    

Avid Technology, Inc.*

    1,228,329  
  23,519    

InterDigital, Inc.

    1,316,594  
  69,926    

Plantronics, Inc.

    1,364,955  
   

 

 

 
    3,909,878  
   

 

 

 
      Utilities - 2.2%  
  44,366    

Portland General Electric Co.

    1,743,584  
   

 

 

 
 

Total Common Stocks
(cost $80,169,656)

  $ 77,245,962  
   

 

 

 
EXCHANGE-TRADED FUNDS - 2.5%  
      Other Investment Pools & Funds - 2.5%  
  19,125    

iShares Russell 2000 Value ETF(1)

  $ 1,969,684  
   

 

 

 
 

Total Exchange-Traded Funds
(cost $1,902,621)

  $ 1,969,684  
   

 

 

 
 

Total Long-Term Investments
(cost $82,072,277)

  $ 79,215,646  
   

 

 

 
SHORT-TERM INVESTMENTS - 2.7%  
      Repurchase Agreements - 0.5%  
  354,275    

Fixed Income Clearing Corp. Repurchase Agreement dated 10/30/2020 at 0.060%, due on 11/02/2020 with a maturity value of $354,277; collateralized by U.S. Treasury Note at 2.25%, maturing 11/15/2027, with a market value of $361,448.

  $ 354,275  
   

 

 

 
      Securities Lending Collateral - 2.2%  
  1,748,341    

Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 0.02%(2)

    1,748,341  
  1,764    

Goldman Sachs Financial Square Funds, Government Fund, Institutional Class,
0.03%(2)

    1,764  
   

 

 

 
    1,750,105  
   

 

 

 
 

Total Short-Term Investments
(cost $2,104,380)

  $ 2,104,380  
   

 

 

 
 

Total Investments
(cost $84,176,657)

    102.5    $ 81,320,026  
 

Other Assets and Liabilities

    (2.5 )%       (1,955,752
   

 

 

    

 

 

 
 

Total Net Assets

    100.0    $ 79,364,274  
   

 

 

    

 

 

 
 

 

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

 

 

  70  

 


Hartford Small Cap Value Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Note:

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

 

    

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

 

    

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

    

See “Glossary” for abbreviation descriptions.

*

Non-income producing.

 

(1) 

Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information.

 

(2) 

Current yield as of period end.

 

 

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

 

Fair Value Summary

The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.

 

Description

   Total      Level 1      Level 2      Level 3(1)  

Assets

 

Common Stocks

           

Banks

   $ 18,902,084      $ 18,902,084      $      $  

Capital Goods

     8,015,320        8,015,320                

Commercial & Professional Services

     5,976,322        5,976,322                

Consumer Durables & Apparel

     5,525,952        5,525,952                

Consumer Services

     2,573,697        2,573,697                

Diversified Financials

     4,054,447        4,054,447                

Food, Beverage & Tobacco

     1,442,414        1,442,414                

Health Care Equipment & Services

     4,438,735        4,438,735                

Household & Personal Products

     3,642,610        3,642,610                

Insurance

     2,438,948        1,341,093        1,097,855         

Materials

     2,736,916        2,736,916                

Media & Entertainment

     1,379,360        1,379,360                

Real Estate

     2,395,371        2,395,371                

Retailing

     2,036,777        2,036,777                

Semiconductors & Semiconductor Equipment

     3,557,570        3,557,570                

Software & Services

     2,475,977        2,475,977                

Technology Hardware & Equipment

     3,909,878        3,909,878                

Utilities

     1,743,584        1,743,584                

Exchange-Traded Funds

     1,969,684        1,969,684                

Short-Term Investments

     2,104,380        1,750,105        354,275         
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $     81,320,026      $     79,867,896      $     1,452,130      $     —  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(1) 

For the year ended October 31, 2020, there were no transfers in and out of Level 3.

 

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

 

 

  71  

 


The Hartford Small Company Fund

Schedule of Investments

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
COMMON STOCKS - 94.0%  
      Automobiles & Components - 2.1%  
  89,821    

Fox Factory Holding Corp.*

  $ 7,552,150  
  90,812    

Thor Industries, Inc.

    7,680,879  
   

 

 

 
    15,233,029  
   

 

 

 
      Banks - 2.3%  
  574,644    

Sterling Bancorp

    7,688,737  
  228,899    

Western Alliance Bancorp

    9,430,639  
   

 

 

 
    17,119,376  
   

 

 

 
      Capital Goods - 12.6%  
  161,895    

Advanced Drainage Systems, Inc.

    10,269,000  
  150,987    

Argan, Inc.

    6,219,155  
  52,030    

Axon Enterprise, Inc.*

    5,145,767  
  196,430    

BMC Stock Holdings, Inc.*

    7,776,664  
  38,651    

Chart Industries, Inc.*

    3,264,077  
  181,219    

Comfort Systems USA, Inc.

    8,299,830  
  96,728    

Curtiss-Wright Corp.

    8,159,974  
  179,077    

ITT, Inc.

    10,835,949  
  239,965    

Kennametal, Inc.

    7,438,915  
  109,406    

Kornit Digital Ltd.*

    7,365,212  
  359,760    

Rexnord Corp.

    11,541,101  
  167,904    

Rush Enterprises, Inc. Class A

    6,017,679  
   

 

 

 
    92,333,323  
   

 

 

 
      Commercial & Professional Services - 2.7%  
  100,897    

Tetra Tech, Inc.

    10,181,516  
  142,575    

TriNet Group, Inc.*

    9,826,269  
   

 

 

 
    20,007,785  
   

 

 

 
      Consumer Durables & Apparel - 7.9%  
  134,631    

BRP, Inc.

    7,271,670  
  39,855    

Cavco Industries, Inc.*

    6,860,640  
  128,647    

Century Communities, Inc.*

    4,996,649  
  72,788    

iRobot Corp.*(1)

    5,792,469  
  72,114    

Polaris, Inc.

    6,552,278  
  299,554    

Skyline Champion Corp.*

    7,683,560  
  378,204    

Wolverine World Wide, Inc.

    10,086,701  
  165,391    

YETI Holdings, Inc.*

    8,183,547  
   

 

 

 
    57,427,514  
   

 

 

 
      Consumer Services - 3.5%  
  185,140    

Chegg, Inc.*

    13,596,681  
  86,022    

DraftKings, Inc. Class A*

    3,045,179  
  94,613    

Penn National Gaming, Inc.*

    5,107,210  
  63,811    

Planet Fitness, Inc. Class A*

    3,782,078  
   

 

 

 
    25,531,148  
   

 

 

 
      Diversified Financials - 2.8%  
  148,314    

Ares Management Corp. Class A

    6,273,682  
  42,632    

Hamilton Lane, Inc. Class A

    2,971,451  
  155,866    

Hannon Armstrong Sustainable Infrastructure Capital, Inc. REIT

    6,522,992  
  144,017    

PRA Group, Inc.*

    4,915,300  
   

 

 

 
      20,683,425  
   

 

 

 
      Food, Beverage & Tobacco - 0.9%  
  6,002    

Boston Beer Co., Inc. Class A*

    6,237,158  
   

 

 

 
      Health Care Equipment & Services - 8.4%  
  101,791    

1Life Healthcare, Inc.*

    2,871,524  
  125,516    

Globus Medical, Inc. Class A*

    6,541,894  
  193,039    

Health Catalyst, Inc.*

    6,655,985  
  61,744    

Hill-Rom Holdings, Inc.

    5,623,026  
  52,872    

Insulet Corp.*

    11,750,802  
  44,262    

LHC Group, Inc.*

    9,584,936  
  65,059    

Omnicell, Inc.*

    5,630,856  
  115,475    

Tandem Diabetes Care, Inc.*

    12,586,775  
   

 

 

 
      61,245,798  
   

 

 

 
Shares or Principal Amount   Market Value  
COMMON STOCKS - 94.0% - (continued)  
      Insurance - 0.9%  
  139,680    

James River Group Holdings Ltd.

  $ 6,527,246  
   

 

 

 
      Materials - 0.8%  
  103,793    

Ingevity Corp.*

    5,696,160  
   

 

 

 
      Media & Entertainment - 0.8%  
  77,264    

Cardlytics, Inc.*(1)

    5,703,629  
   

 

 

 
      Pharmaceuticals, Biotechnology & Life Sciences - 17.7%  
  41,072    

Acceleron Pharma, Inc.*

    4,295,310  
  56,692    

Allakos, Inc.*(1)

    5,393,110  
  176,049    

ALX Oncology Holdings, Inc.*

    6,955,696  
  427,441    

Amicus Therapeutics, Inc.*

    7,621,273  
  87,495    

Apellis Pharmaceuticals, Inc.*

    2,791,090  
  46,319    

Arena Pharmaceuticals, Inc.*

    3,970,465  
  40,490    

Ascendis Pharma A/S ADR*

    6,614,041  
  51,343    

Blueprint Medicines Corp.*

    5,251,362  
  70,720    

ChemoCentryx, Inc.*

    3,394,560  
  125,362    

Constellation Pharmaceuticals, Inc.*

    2,459,602  
  170,000    

Freeline Therapeutics Holdings plc ADR*

    2,942,700  
  75,378    

Global Blood Therapeutics, Inc.*

    3,985,989  
  281,276    

Heron Therapeutics, Inc.*(1)

    4,587,612  
  664,886    

ImmunoGen, Inc.*

    3,749,957  
  119,109    

Iovance Biotherapeutics, Inc.*

    4,249,809  
  100,196    

Kodiak Sciences, Inc.*

    9,098,799  
  157,946    

Mersana Therapeutics, Inc.*

    2,846,187  
  46,271    

Mirati Therapeutics, Inc.*

    10,047,285  
  102,890    

NanoString Technologies, Inc.*

    3,770,918  
  110,914    

PTC Therapeutics, Inc.*

    5,788,602  
  69,816    

RAPT Therapeutics, Inc.*

    2,006,512  
  20,156    

Reata Pharmaceuticals, Inc. Class A*

    2,352,407  
  179,436    

Revance Therapeutics, Inc.*

    4,643,804  
  147,869    

TG Therapeutics, Inc.*

    3,736,650  
  68,916    

Turning Point Therapeutics, Inc.*

    6,353,366  
  156,235    

UroGen Pharma Ltd.*(1)

    3,518,412  
  163,472    

Y-mAbs Therapeutics, Inc.*

    6,986,793  
   

 

 

 
      129,412,311  
   

 

 

 
      Real Estate - 1.3%  
  305,785    

Essential Properties Realty Trust, Inc. REIT

    5,051,568  
  109,225    

Redfin Corp.*

    4,562,328  
   

 

 

 
      9,613,896  
   

 

 

 
      Retailing - 4.8%  
  3,136,600    

Allstar Co.(3)(4)(7)

    2,634,744  
  97,593    

Five Below, Inc.*

    13,013,051  
  127,621    

Floor & Decor Holdings, Inc. Class A*

    9,316,333  
  103,797    

Ollie’s Bargain Outlet Holdings, Inc.*

    9,039,681  
  26,907    

Tory Burch LLC*(2)(3)(4)

    1,110,201  
   

 

 

 
      35,114,010  
   

 

 

 
      Semiconductors & Semiconductor Equipment - 5.3%  
  67,408    

ACM Research, Inc. Class A*

    4,743,501  
  76,107    

Entegris, Inc.

    5,690,520  
  116,552    

First Solar, Inc.*

    10,145,269  
  69,233    

MKS Instruments, Inc.

    7,504,165  
  489,915    

Tower Semiconductor Ltd.*

    10,337,207  
   

 

 

 
    38,420,662  
   

 

 

 
      Software & Services - 13.8%  
  194,094    

2U, Inc.*

    7,152,364  
  208,043    

Digital Turbine, Inc.*

    5,962,512  
  86,821    

Endava plc ADR*

    5,547,862  
  53,593    

Five9, Inc.*

    8,131,130  
  26,389    

HubSpot, Inc.*

    7,654,657  
  86,443    

j2 Global, Inc.*

    5,867,751  
  150,332    

LiveRamp Holdings, Inc.*

    9,935,442  
  81,288    

Manhattan Associates, Inc.*

    6,950,124  
  150,721    

Mimecast Ltd.*

    5,759,049  
 

 

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

 

 

  72  

 


The Hartford Small Company Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
COMMON STOCKS - 94.0% - (continued)  
      Software & Services - 13.8% - (continued)  
  183,427    

PagerDuty, Inc.*(1)

  $ 4,970,872  
  47,853    

Paylocity Holding Corp.*

    8,877,688  
  168,956    

Perficient, Inc.*

    6,616,317  
  75,262    

Q2 Holdings, Inc.*

    6,866,905  
  173,706    

Rapid7, Inc.*

    10,757,613  
   

 

 

 
    101,050,286  
   

 

 

 
      Technology Hardware & Equipment - 2.8%  
  165,343    

II-VI, Inc.*

    7,518,146  
  60,446    

Lumentum Holdings, Inc.*

    4,998,280  
  70,059    

Novanta, Inc.*

    7,616,814  
   

 

 

 
    20,133,240  
   

 

 

 
      Telecommunication Services - 1.3%  
  60,840    

Bandwidth, Inc. Class A*

    9,755,998  
   

 

 

 
      Transportation - 1.3%  
  63,004    

Saia, Inc.*

    9,303,171  
   

 

 

 
 

Total Common Stocks
(cost $519,803,203)

  $ 686,549,165  
   

 

 

 
EXCHANGE-TRADED FUNDS - 3.0%  
      Other Investment Pools & Funds - 3.0%  
  97,571    

iShares Russell Growth ETF(1)

  $ 21,774,920  
   

 

 

 
 

Total Exchange-Traded Funds
(cost $20,556,552)

  $ 21,774,920  
   

 

 

 
CONVERTIBLE PREFERRED STOCKS - 0.3%  
      Retailing - 0.3%  
  47,489    

Honest Co., Inc. Series D*(2)(3)(4)

  $ 1,956,547  
   

 

 

 
 

Total Convertible Preferred Stocks
(cost $2,172,859)

  $ 1,956,547  
   

 

 

 
ESCROWS - 0.0%(5)  
      Software & Services - 0.0%  
  98,033    

Veracode, Inc.*(2)(3)(4)

  $ 65,780  
   

 

 

 
 

Total Escrows
(cost $—)

  $ 65,780  
   

 

 

 
 

Total Long-Term Investments
(cost $542,532,614)

  $ 710,346,412  
   

 

 

 
SHORT-TERM INVESTMENTS - 4.8%  
      Repurchase Agreements - 1.7%  
  12,803,053    

Fixed Income Clearing Corp. Repurchase Agreement dated 10/30/2020 at 0.060%, due on 11/02/2020 with a maturity value of $12,803,117; collateralized by U.S. Treasury Note at 2.250%, maturing 11/15/2027, with a market value of $13,059,211

  $ 12,803,053  
   

 

 

 
      Securities Lending Collateral - 3.1%      
  22,579,929    

Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 0.02%(6)

    22,579,929  
  22,789    

Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 0.03%(6)

    22,789  
   

 

 

 
      22,602,718  
   

 

 

 
 

Total Short-Term Investments
(cost $35,405,771)

  $ 35,405,771  
   

 

 

 
 

Total Investments
(cost $577,938,385)

    102.1    $ 745,752,183  
   

 

 

    

 

 

 
 

Other Assets and Liabilities

    (2.1 )%       (15,535,770
 

 

 

    

 

 

 
 

Total Net Assets

    100.0    $ 730,216,413  
   

 

 

    

 

 

 
Note:

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

 

    

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

 

    

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

 

    

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

 

    

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

    

See “Glossary” for abbreviation descriptions.

 

*

Non-income producing.

 

(1) 

Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information.

 

(2) 

Investment valued using significant unobservable inputs.

 

(3) 

These securities are valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At October 31, 2020, the aggregate fair value of these securities was $5,767,272, which represented 0.8% of total net assets. This amount excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors.

 

(4) 

Investment in securities not registered under the Securities Act of 1933 (excluding securities acquired pursuant to Rule 144A and Regulation S). At the end of the period, the value of such restricted securities amounted to $5,767,272 or 0.8% of net assets.

 

Period
Acquired
    

Security Name

  Shares/
Par Value
    Total Cost     Market Value  
  08/2011      Allstar Co.     3,136,600     $ 1,364,479     $ 2,634,744  
  08/2015      Honest Co., Inc. Series D Convertible
Preferred
    47,489       2,172,859       1,956,547  
  11/2013      Tory Burch LLC     26,907       2,108,912       1,110,201  
  04/2017      Veracode, Inc.     98,033             65,780  
      

 

 

   

 

 

 
       $ 5,646,250     $ 5,767,272  
      

 

 

   

 

 

 

 

(5) 

Share amount represents shares of the issuer previously held that resulted in receipt of the escrow.

 

(6) 

Current yield as of period end.

 

(7) 

Affiliated company – The Fund owns greater than 5% of the outstanding voting securities of this issuer.

 

 

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

 

 

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

 

 

  73  

 


The Hartford Small Company Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Fair Value Summary

The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.

 

Description

   Total      Level 1      Level 2      Level 3(1)  

Assets

 

Common Stocks

           

Automobiles & Components

   $ 15,233,029      $ 15,233,029      $      $  

Banks

     17,119,376        17,119,376                

Capital Goods

     92,333,323        92,333,323                

Commercial & Professional Services

     20,007,785        20,007,785                

Consumer Durables & Apparel

     57,427,514        57,427,514                

Consumer Services

     25,531,148        25,531,148                

Diversified Financials

     20,683,425        20,683,425                

Food, Beverage & Tobacco

     6,237,158        6,237,158                

Health Care Equipment & Services

     61,245,798        61,245,798                

Insurance

     6,527,246        6,527,246                

Materials

     5,696,160        5,696,160                

Media & Entertainment

     5,703,629        5,703,629                

Pharmaceuticals, Biotechnology & Life Sciences

     129,412,311        129,412,311                

Real Estate

     9,613,896        9,613,896                

Retailing

     35,114,010        31,369,065        2,634,744        1,110,201  

Semiconductors & Semiconductor Equipment

     38,420,662        38,420,662                

Software & Services

     101,050,286        101,050,286                

Technology Hardware & Equipment

     20,133,240        20,133,240                

Telecommunication Services

     9,755,998        9,755,998                

Transportation

     9,303,171        9,303,171                

Exchange-Traded Funds

     21,774,920        21,774,920                

Convertible Preferred Stocks

     1,956,547                      1,956,547  

Escrows

     65,780                      65,780  

Short-Term Investments

     35,405,771        22,602,718        12,803,053         
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $     745,752,183      $     727,181,858      $     15,437,797      $     3,132,528  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(1) 

For the year ended October 31, 2020, investments valued at $721,418 were transferred out of Level 3 due to the initiation of a vendor providing prices that are based on market activity which has been determined to be significant observable input and there were no transfers in to Level 3.

Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for year ended October 31, 2020 is not presented.

 

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

 

 

  74  

 


Hartford Domestic Equity Funds

Glossary (abbreviations used in the preceding Schedules of Investments)

 

 

 

Currency Abbreviations:

USD

   United States Dollar
Index Abbreviations:

S&P

   Standard & Poor’s
Other Abbreviations:

ADR

   American Depositary Receipt

ETF

   Exchange-Traded Fund

REIT

   Real Estate Investment Trust

 

 

  75  

 


Hartford Domestic Equity Funds

Statements of Assets and Liabilities

October 31, 2020

 

 

 

     The Hartford
Capital
Appreciation
Fund
     Hartford
Core
Equity Fund
     The Hartford
Dividend and
Growth Fund
     The Hartford
Equity
Income Fund
 

Assets:

 

  

Investments in securities, at market value(1)

   $     6,265,796,349      $     8,333,186,070      $     8,901,241,526      $     3,633,574,433  

Repurchase agreements

     77,872,403        153,723,081        180,291,484        24,913,579  

Cash

     34,137,745        67,035,341        79,308,189        10,864,611  

Cash collateral held for securities on loan

     700,269                       

Foreign currency

     1,253                      541,492  

Receivables:

           

Investment securities sold

     38,329,006        4,298,893        6,014,870        18,555,001  

Fund shares sold

     1,138,333        44,184,112        23,475,013        8,829,226  

Dividends and interest

     3,199,874        8,735,279        14,709,657        5,146,241  

Securities lending income

     37,927               119        118  

Variation margin on futures contracts

     3,946,827        4,831,998                

Tax reclaims

     610,182               1,646,508        1,596,093  

Other assets

     116,605        269,002        272,185        128,265  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total assets

     6,425,886,773        8,616,263,776        9,206,959,551        3,704,149,059  
  

 

 

    

 

 

    

 

 

    

 

 

 

Liabilities:

           

Obligation to return securities lending collateral

     14,005,385                       

Payables:

           

Investment securities purchased

     43,952,370        10,342,676               4,385,143  

Fund shares redeemed

     5,280,409        9,149,730        11,153,129        4,771,517  

Investment management fees

     3,794,606        2,510,885        4,901,068        2,034,710  

Transfer agent fees

     1,079,305        788,755        1,020,504        456,636  

Accounting services fees

     79,871        105,356        113,371        45,954  

Board of Directors’ fees

     25,704        27,431        35,020        14,982  

Distribution fees

     227,278        132,763        171,578        93,196  

Accrued expenses

     484,728        453,749        674,625        301,734  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total liabilities

     68,929,656        23,511,345        18,069,295        12,103,872  
  

 

 

    

 

 

    

 

 

    

 

 

 

Net assets

   $ 6,356,957,117      $ 8,592,752,431      $ 9,188,890,256      $ 3,692,045,187  
  

 

 

    

 

 

    

 

 

    

 

 

 

Summary of Net Assets:

           

Capital stock and paid-in-capital

   $ 5,056,809,285      $ 6,644,607,298      $ 6,853,374,097      $ 3,037,413,153  

Distributable earnings (loss)

     1,300,147,832        1,948,145,133        2,335,516,159        654,632,034  
  

 

 

    

 

 

    

 

 

    

 

 

 

Net assets

   $ 6,356,957,117      $ 8,592,752,431      $ 9,188,890,256      $ 3,692,045,187  
  

 

 

    

 

 

    

 

 

    

 

 

 

Shares authorized

     1,540,000,000        825,000,000        1,175,000,000        675,000,000  
  

 

 

    

 

 

    

 

 

    

 

 

 

Par value

   $ 0.0010      $ 0.0010      $ 0.0010      $ 0.0010  
  

 

 

    

 

 

    

 

 

    

 

 

 

Class A:  Net asset value per share

   $ 38.39      $ 36.04      $ 24.26      $ 17.55  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Maximum offering price per share

   $ 40.62      $ 38.14      $ 25.67      $ 18.57  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     120,997,155        31,659,287        139,583,976        77,809,160  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 4,645,676,559      $ 1,140,993,988      $ 3,385,906,740      $ 1,365,895,157  
  

 

 

    

 

 

    

 

 

    

 

 

 

Class C:  Net asset value per share

   $ 27.45      $ 32.62      $ 23.31      $ 17.46  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     6,459,517        13,612,181        5,937,491        10,991,890  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 177,309,072      $ 443,989,298      $ 138,431,128      $ 191,916,728  
  

 

 

    

 

 

    

 

 

    

 

 

 

Class I:  Net asset value per share

   $ 38.66      $ 36.16      $ 24.12      $ 17.44  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     15,107,544        81,219,126        69,718,154        56,080,307  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 584,047,831      $ 2,936,717,868      $ 1,681,760,617      $ 977,949,937  
  

 

 

    

 

 

    

 

 

    

 

 

 

Class R3:  Net asset value per share

   $ 43.14      $ 36.54      $ 24.65      $ 17.59  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     983,973        1,277,190        2,217,136        1,807,052  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 42,448,890      $ 46,674,283      $ 54,641,774      $ 31,778,493  
  

 

 

    

 

 

    

 

 

    

 

 

 

Class R4:  Net asset value per share

   $ 44.91      $ 37.20      $ 24.84      $ 17.62  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     728,868        4,550,279        3,313,133        2,349,379  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 32,731,887      $ 169,266,695      $ 82,299,383      $ 41,385,986  
  

 

 

    

 

 

    

 

 

    

 

 

 

Class R5:  Net asset value per share

   $ 45.94      $ 36.44      $ 24.95      $ 17.71  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     744,262        5,179,440        7,128,739        3,180,335  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 34,188,283      $ 188,737,580      $ 177,851,256      $ 56,329,069  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

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

 

 

  76  

 


Hartford Domestic Equity Funds

Statements of Assets and Liabilities – (continued)

October 31, 2020

 

 

 

     The Hartford
Capital
Appreciation
Fund
     Hartford
Core
Equity Fund
     The Hartford
Dividend and
Growth Fund
     The Hartford
Equity
Income Fund
 

Class R6:  Net asset value per share

   $ 46.27      $ 36.62      $ 24.95      $ 17.76  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     270,851        20,371,396        7,858,407        3,122,213  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 12,531,266      $ 746,017,707      $ 196,064,929      $ 55,447,628  
  

 

 

    

 

 

    

 

 

    

 

 

 

Class Y:  Net asset value per share

   $ 46.24      $ 36.60      $ 24.95      $ 17.76  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     2,230,782        18,269,217        29,478,704        4,594,475  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 103,151,672      $ 668,654,738      $ 735,617,825      $ 81,614,736  
  

 

 

    

 

 

    

 

 

    

 

 

 

Class F:  Net asset value per share

   $ 38.66      $ 36.19      $ 24.10      $ 17.44  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     18,747,899        62,217,935        113,522,590        51,024,560  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 724,871,657      $ 2,251,700,274      $ 2,736,316,604      $ 889,727,453  
  

 

 

    

 

 

    

 

 

    

 

 

 

Cost of investments

   $ 5,337,210,426      $ 6,536,334,717      $ 6,967,892,409      $ 3,064,879,795  

Cost of foreign currency

   $ 1,241      $      $      $ 541,798  

(1) Includes Investment in securities on loan, at market value

   $ 12,892,695      $      $      $  

 

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

 

 

  77  

 


Hartford Domestic Equity Funds

Statements of Assets and Liabilities – (continued)

October 31, 2020

 

 

 

     The Hartford
Growth
Opportunities
Fund
     The Hartford
Healthcare Fund
     The Hartford
MidCap Fund
     The Hartford
MidCap
Value Fund
 

Assets:

 

  

Investments in securities, at market value(1)

   $ 6,251,620,083      $     1,470,725,837      $     11,825,057,281      $     596,054,698  

Repurchase agreements

     106,171,930        17,074,447        824,405        1,161,266  

Investments in affiliated investments, at market value

                   1,240,114,318         

Cash

     47,596,946        7,455,078        356,505        506,974  

Cash collateral held for securities on loan

     1,411,841        710,094        4,462,042         

Foreign currency

     20        18                

Receivables:

           

Investment securities sold

     102,990,055               38,661,494        3,626,736  

Fund shares sold

     11,051,911        681,438        13,705,982        879,075  

Dividends and interest

     830,784        984,853        1,429,302        160,695  

Securities lending income

     51,655        10,350        34,365        358  

Tax reclaims

     407,216        194,093                

Other assets

     148,614        74,625        239,614        52,540  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total assets

     6,522,281,055        1,497,910,833        13,124,885,308        602,442,342  
  

 

 

    

 

 

    

 

 

    

 

 

 

Liabilities:

           

Obligation to return securities lending collateral

     28,236,824        14,201,882        89,240,840         

Payables:

           

Investment securities purchased

     85,564,619        13,698,746        26,924,057        826,039  

Fund shares redeemed

     7,916,736        2,748,595        28,862,057        1,165,241  

Investment management fees

     4,039,982        1,107,492        8,133,169        384,555  

Transfer agent fees

     798,824        270,955        1,733,456        95,936  

Accounting services fees

     80,337        18,243        161,257        7,360  

Board of Directors’ fees

     20,923        5,468        52,372        2,488  

Distribution fees

     187,573        58,202        193,799        12,489  

Accrued expenses

     328,009        132,662        1,423,989        170,452  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total liabilities

     127,173,827        32,242,245        156,724,996        2,664,560  
  

 

 

    

 

 

    

 

 

    

 

 

 

Net assets

   $ 6,395,107,228      $ 1,465,668,588      $ 12,968,160,312      $ 599,777,782  
  

 

 

    

 

 

    

 

 

    

 

 

 

Summary of Net Assets:

           

Capital stock and paid-in-capital

   $ 3,878,706,203      $ 1,001,227,147      $ 9,729,103,957      $ 623,873,126  

Distributable earnings (loss)

     2,516,401,025        464,441,441        3,239,056,355        (24,095,344
  

 

 

    

 

 

    

 

 

    

 

 

 

Net assets

   $ 6,395,107,228      $ 1,465,668,588      $ 12,968,160,312      $ 599,777,782  
  

 

 

    

 

 

    

 

 

    

 

 

 

Shares authorized

         19,850,000,000        485,000,000        1,105,000,000        475,000,000  
  

 

 

    

 

 

    

 

 

    

 

 

 

Par value

   $ 0.0001      $ 0.0010      $ 0.0010      $ 0.0010  
  

 

 

    

 

 

    

 

 

    

 

 

 

Class A:  Net asset value per share

   $ 54.65      $ 40.91      $ 30.63      $ 12.21  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Maximum offering price per share

   $ 57.83      $ 43.29      $ 32.41      $ 12.92  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     53,780,676        18,243,158        88,950,902        20,078,527  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 2,939,376,054      $ 746,241,687      $ 2,724,316,316      $ 245,111,692  
  

 

 

    

 

 

    

 

 

    

 

 

 

Class C:  Net asset value per share

   $ 26.47      $ 31.63      $ 20.34      $ 9.66  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     12,171,673        4,420,668        18,681,407        987,228  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 322,226,227      $ 139,847,201      $ 380,033,415      $ 9,533,262  
  

 

 

    

 

 

    

 

 

    

 

 

 

Class I:  Net asset value per share

   $ 58.51      $ 43.53      $ 31.87      $ 12.36  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     29,434,477        8,648,856        121,379,951        1,596,169  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 1,722,099,656      $ 376,518,115      $ 3,867,925,274      $ 19,721,564  
  

 

 

    

 

 

    

 

 

    

 

 

 

Class R3:  Net asset value per share

   $ 54.41      $ 41.90      $ 34.38      $ 12.91  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     879,959        742,003        2,676,465        411,766  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 47,880,108      $ 31,090,173      $ 92,022,685      $ 5,317,453  
  

 

 

    

 

 

    

 

 

    

 

 

 

Class R4:  Net asset value per share

   $ 58.79      $ 44.63      $ 36.18      $ 13.21  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     1,206,237        561,944        5,669,196        670,294  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 70,918,280      $ 25,077,788      $ 205,114,118      $ 8,856,532  
  

 

 

    

 

 

    

 

 

    

 

 

 

Class R5:  Net asset value per share

   $ 62.69      $ 47.24      $ 37.58      $ 13.44  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     369,571        231,523        9,894,283        105,882  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 23,170,080      $ 10,936,937      $ 371,791,275      $ 1,423,022  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

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

 

 

  78  

 


Hartford Domestic Equity Funds

Statements of Assets and Liabilities – (continued)

October 31, 2020

 

 

 

     The Hartford
Growth
Opportunities
Fund
     The Hartford
Healthcare Fund
     The Hartford
MidCap Fund
     The Hartford
MidCap
Value Fund
 

Class R6:  Net asset value per share

   $ 64.01      $ 47.99      $ 38.09      $  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     633,639        80,962        46,192,753         
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 40,558,620      $ 3,885,480      $ 1,759,581,052      $  
  

 

 

    

 

 

    

 

 

    

 

 

 

Class Y:  Net asset value per share

   $ 63.96      $ 47.95      $ 38.02      $ 13.47  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     6,780,694        2,028,384        30,102,599        743,105  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 433,672,074      $ 97,263,371      $ 1,144,623,929      $ 10,009,406  
  

 

 

    

 

 

    

 

 

    

 

 

 

Class F:  Net asset value per share

   $ 58.77      $ 43.70      $ 32.00      $ 12.36  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     13,531,763        796,490        75,705,926        24,255,252  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 795,206,129      $ 34,807,836      $ 2,422,752,248      $ 299,804,851  
  

 

 

    

 

 

    

 

 

    

 

 

 

Cost of investments

   $ 4,774,546,903      $ 1,203,197,130      $ 9,787,647,437      $ 581,455,556  

Cost of affiliated investments

   $      $      $ 1,461,281,048      $  

Cost of foreign currency

   $ 20      $ 18      $      $  

(1) Includes Investment in securities on loan, at market value

   $ 36,965,203      $ 13,609,564      $ 109,657,728      $  

 

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

 

 

  79  

 


Hartford Domestic Equity Funds

Statements of Assets and Liabilities – (continued)

October 31, 2020

 

 

 

     Hartford Quality
Value Fund
     The Hartford
Small Cap
Growth Fund
     Hartford
Small Cap
Value Fund
    The Hartford
Small
Company Fund
 

Assets:

 

 

Investments in securities, at market value(1)

   $ 167,830,159      $ 806,189,015      $ 80,965,751     $ 730,314,386  

Repurchase agreements

     1,505,191        2,555,212        354,275       12,803,053  

Investments in affiliated investments, at market value

                         2,634,744  

Cash

     676,258        1,117,382        155,259       5,598,264  

Cash collateral held for securities on loan

            534,739        92,111       1,189,617  

Foreign currency

     7                      

Receivables:

          

From affiliates

     22,108               10,497       4,649  

Investment securities sold

            4,528,829        846,960       5,760,281  

Fund shares sold

     24,565        334,938        20,234       834,875  

Dividends and interest

     314,513        262,726        38,855       121,410  

Securities lending income

            2,155        419       15,328  

Tax reclaims

     51,979                      

Other assets

     50,789        63,030        50,663       71,080  
  

 

 

    

 

 

    

 

 

   

 

 

 

Total assets

     170,475,569        815,588,026        82,535,024       759,347,687  
  

 

 

    

 

 

    

 

 

   

 

 

 

Liabilities:

          

Obligation to return securities lending collateral

            10,694,775        1,842,216       23,792,335  

Payables:

          

Investment securities purchased

            3,263,289        1,164,181       3,533,716  

Fund shares redeemed

     744,520        808,984        73,713       998,084  

Investment management fees

     68,138        510,305        47,198       510,270  

Transfer agent fees

     53,072        135,015        14,584       115,705  

Accounting services fees

     2,117        9,882        943       8,919  

Board of Directors’ fees

     738        3,610        332       2,482  

Distribution fees

     6,564        12,121        1,500       19,293  

Accrued expenses

     43,184        129,094        26,083       150,470  
  

 

 

    

 

 

    

 

 

   

 

 

 

Total liabilities

     918,333        15,567,075        3,170,750       29,131,274  
  

 

 

    

 

 

    

 

 

   

 

 

 

Net assets

   $ 169,557,236      $ 800,020,951      $ 79,364,274     $ 730,216,413  
  

 

 

    

 

 

    

 

 

   

 

 

 

Summary of Net Assets:

          

Capital stock and paid-in-capital

   $ 163,891,027      $ 570,095,016      $ 90,685,089     $ 488,309,764  

Distributable earnings (loss)

     5,666,209        229,925,935        (11,320,815     241,906,649  
  

 

 

    

 

 

    

 

 

   

 

 

 

Net assets

   $ 169,557,236      $ 800,020,951      $ 79,364,274     $ 730,216,413  
  

 

 

    

 

 

    

 

 

   

 

 

 

Shares authorized

         22,100,000,000            22,100,000,000            860,000,000           525,000,000  
  

 

 

    

 

 

    

 

 

   

 

 

 

Par value

   $ 0.0001      $ 0.0001      $ 0.0010     $ 0.0010  
  

 

 

    

 

 

    

 

 

   

 

 

 

Class A:  Net asset value per share

   $ 18.61      $ 51.35      $ 8.29     $ 25.50  
  

 

 

    

 

 

    

 

 

   

 

 

 

         Maximum offering price per share

   $ 19.69      $ 54.34      $ 8.77     $ 26.98  
  

 

 

    

 

 

    

 

 

   

 

 

 

         Shares outstanding

     7,530,559        3,864,502        3,980,478       15,276,258  
  

 

 

    

 

 

    

 

 

   

 

 

 

         Net Assets

   $ 140,154,057      $ 198,429,981      $ 32,995,545     $ 389,496,289  
  

 

 

    

 

 

    

 

 

   

 

 

 

Class C:  Net asset value per share

   $ 15.78      $ 34.22      $ 7.12     $ 15.97  
  

 

 

    

 

 

    

 

 

   

 

 

 

         Shares outstanding

     232,762        360,094        283,714       567,304  
  

 

 

    

 

 

    

 

 

   

 

 

 

         Net Assets

   $ 3,672,675      $ 12,323,417      $ 2,019,841     $ 9,058,125  
  

 

 

    

 

 

    

 

 

   

 

 

 

Class I:  Net asset value per share

   $ 18.37      $ 54.23      $ 8.31     $ 27.31  
  

 

 

    

 

 

    

 

 

   

 

 

 

         Shares outstanding

     594,799        1,819,603        350,777       1,311,135  
  

 

 

    

 

 

    

 

 

   

 

 

 

         Net Assets

   $ 10,926,656      $ 98,673,398      $ 2,915,230     $ 35,806,111  
  

 

 

    

 

 

    

 

 

   

 

 

 

Class R3:  Net asset value per share

   $ 18.92      $ 50.47      $ 8.62     $ 28.02  
  

 

 

    

 

 

    

 

 

   

 

 

 

         Shares outstanding

     45,192        148,296        52,991       500,143  
  

 

 

    

 

 

    

 

 

   

 

 

 

         Net Assets

   $ 854,913      $ 7,484,736      $ 456,530     $ 14,012,918  
  

 

 

    

 

 

    

 

 

   

 

 

 

Class R4:  Net asset value per share

   $ 19.13      $ 53.64      $ 8.76     $ 30.22  
  

 

 

    

 

 

    

 

 

   

 

 

 

         Shares outstanding

     203,132        581,079        3,474       442,170  
  

 

 

    

 

 

    

 

 

   

 

 

 

         Net Assets

   $ 3,886,636      $ 31,168,711      $ 30,436     $ 13,362,959  
  

 

 

    

 

 

    

 

 

   

 

 

 

Class R5:  Net asset value per share

   $ 19.32      $ 57.10      $ 8.74     $ 32.33  
  

 

 

    

 

 

    

 

 

   

 

 

 

         Shares outstanding

     11,397        1,256,715        1,099       121,740  
  

 

 

    

 

 

    

 

 

   

 

 

 

         Net Assets

   $ 220,232      $ 71,753,500      $ 9,603     $ 3,936,384  
  

 

 

    

 

 

    

 

 

   

 

 

 

 

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

 

 

  80  

 


Hartford Domestic Equity Funds

Statements of Assets and Liabilities – (continued)

October 31, 2020

 

 

 

     Hartford Quality
Value Fund
     The Hartford
Small Cap
Growth Fund
     Hartford
Small Cap
Value Fund
     The Hartford
Small
Company Fund
 

Class R6:  Net asset value per share

   $ 19.38      $ 58.07      $ 8.74      $ 33.12  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     25,024        1,383,201        27,462        46,200  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 485,028      $ 80,327,403      $ 240,117      $ 1,530,093  
  

 

 

    

 

 

    

 

 

    

 

 

 

Class Y:  Net asset value per share

   $ 19.35      $ 58.07      $ 8.73      $ 33.07  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     19,744        4,399,395        28,626        603,430  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 382,042      $ 255,483,948      $ 249,872      $ 19,956,447  
  

 

 

    

 

 

    

 

 

    

 

 

 

Class F:  Net asset value per share

   $ 18.31      $ 54.48      $ 8.31      $ 27.49  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     490,060        814,489        4,864,485        8,842,874  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 8,974,997      $ 44,375,857      $ 40,447,100      $ 243,057,087  
  

 

 

    

 

 

    

 

 

    

 

 

 

Cost of investments

   $ 164,759,654      $ 635,730,010      $ 84,176,657      $ 576,573,906  

Cost of investments in affiliated investment companies

   $      $      $      $ 1,364,479  

Cost of foreign currency

   $ 7      $      $      $  

(1) Includes Investment in securities on loan, at market value

   $      $ 10,469,863      $ 1,790,215      $ 22,999,926  

 

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

 

 

  81  

 


Hartford Domestic Equity Funds

Statements of Operations

For the Year Ended October 31, 2020

 

 

 

     The Hartford
Capital
Appreciation
Fund
    Hartford Core
Equity Fund
    The Hartford
Dividend and
Growth Fund
    The Hartford
Equity Income
Fund
 

Investment Income:

 

     

Dividends

   $ 99,864,888     $ 104,932,039     $ 234,277,298     $ 111,909,187  

Interest

     853,973       1,496,383       2,001,738       416,817  

Securities lending

     1,030,093       177,870       4,666       27,940  

Less: Foreign tax withheld

     (149,098           (2,005,806     (1,577,676
  

 

 

   

 

 

   

 

 

   

 

 

 

Total investment income, net

     101,599,856       106,606,292       234,277,896       110,776,268  
  

 

 

   

 

 

   

 

 

   

 

 

 

Expenses:

        

Investment management fees

     43,502,742       23,982,045       54,488,076       23,723,530  

Transfer agent fees

        

Class A

     5,597,869       1,022,164       3,797,189       1,388,736  

Class C

     325,041       378,574       233,945       253,318  

Class I

     526,129       2,003,719       1,220,306       802,637  

Class R3

     99,860       77,650       123,816       73,126  

Class R4

     53,171       244,022       150,244       68,815  

Class R5

     39,464       205,277       183,350       71,131  

Class R6

     2,293       16,412       6,224       2,195  

Class Y

     143,993       539,469       664,220       93,232  

Class F

     4,326       10,243       19,054       12,957  

Distribution fees

        

Class A

     11,618,719       2,513,805       8,784,299       3,615,052  

Class C

     2,223,791       4,114,748       1,693,321       2,442,621  

Class R3

     228,154       198,224       294,835       182,774  

Class R4

     87,540       392,660       240,246       117,922  

Custodian fees

     36,744       22,212       35,168       18,220  

Registration and filing fees

     163,628       507,252       350,383       191,761  

Accounting services fees

     1,038,904       1,082,855       1,341,516       590,365  

Board of Directors’ fees

     198,025       232,331       277,603       116,170  

Audit and tax fees

     44,622       20,960       22,090       20,422  

Other expenses

     860,588       912,071       1,245,198       563,704  
  

 

 

   

 

 

   

 

 

   

 

 

 

Total expenses (before waivers, reimbursements and fees paid indirectly)

     66,795,603       38,476,693       75,171,083       34,348,688  
  

 

 

   

 

 

   

 

 

   

 

 

 

Transfer agent fee waivers

     (72,277     (121,421     (359,427     (41,632

Distribution fee reimbursements

     (181,165     (88,477     (82,490     (10,502

Commission recapture

     (63,860     (37,833     (28,093     (19,688
  

 

 

   

 

 

   

 

 

   

 

 

 

Total waivers, reimbursements and fees paid indirectly

     (317,302     (247,731     (470,010     (71,822
  

 

 

   

 

 

   

 

 

   

 

 

 

Total expenses, net

     66,478,301       38,228,962       74,701,073       34,276,866  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Investment Income (Loss)

     35,121,555       68,377,330       159,576,823       76,499,402  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions on:

        

Investments

     314,392,099       (76,820,380     194,601,688       41,216,861  

Futures contracts

     7,584,431       22,139,276              

Other foreign currency transactions

     21,835             (51,583     (26,185
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions

     321,998,365       (54,681,104     194,550,105       41,190,676  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions of:

        

Investments

     178,137,084       766,626,069       (496,987,234     (294,587,064

Futures contracts

     (3,525,277     (3,628,070            

Translation of other assets and liabilities in foreign currencies

     28,429                   113,878  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions

     174,640,236       762,997,999       (496,987,234     (294,473,186
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions

     496,638,601       708,316,895       (302,437,129     (253,282,510
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Increase (Decrease) in Net Assets Resulting from Operations

   $     531,760,156     $     776,694,225     $     (142,860,306   $     (176,783,108
  

 

 

   

 

 

   

 

 

   

 

 

 

 

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

 

 

  82  

 


Hartford Domestic Equity Funds

Statements of Operations – (continued)

For the Year Ended October 31, 2020

 

 

 

     The Hartford
Growth
Opportunities
Fund
    The Hartford
Healthcare
Fund
    The Hartford
MidCap Fund
    The Hartford
MidCap
Value Fund
 

Investment Income:

 

     

Dividends

   $ 19,235,984     $ 13,132,507     $ 109,196,679     $      11,491,867  

Dividends from affiliated investments

                 2,418,446        

Interest

     473,424       146,319       174,315       101,060  

Securities lending

     2,928,202       162,695       758,643       7,147  

Less: Foreign tax withheld

           (181,386     (51,612     (38,037
  

 

 

   

 

 

   

 

 

   

 

 

 

Total investment income, net

     22,637,610       13,260,135       112,496,471       11,562,037  
  

 

 

   

 

 

   

 

 

   

 

 

 

Expenses:

        

Investment management fees

     36,895,406       11,951,374       95,036,863       4,670,532  

Transfer agent fees

        

Class A

     2,647,253       927,159       3,101,950       519,406  

Class C

     321,588       196,457       532,417       26,696  

Class I

     1,306,452       322,540       5,484,354       23,236  

Class R3

     86,555       68,852       208,042       14,212  

Class R4

     93,470       40,162       384,981       16,935  

Class R5

     23,756       9,377       436,524       1,504  

Class R6

     1,211       124       70,095        

Class Y

     177,253       87,338       1,458,213       11,771  

Class F

     5,940       1,202       26,440       5,877  

Distribution fees

        

Class A

     6,083,567       1,811,349       6,801,824       681,820  

Class C

     2,927,640       1,420,669       4,332,036       124,800  

Class R3

     221,041       167,265       472,493       32,281  

Class R4

     164,264       65,876       578,027       24,889  

Custodian fees

     24,756       28,067       64,186       6,067  

Registration and filing fees

     250,212       135,689       414,836       129,892  

Accounting services fees

     830,856       216,704       1,971,540       99,815  

Board of Directors’ fees

     163,158       42,952       416,221       19,302  

Audit and tax fees

     41,234       22,380       23,593       19,182  

Other expenses

     599,933       210,032       2,596,566       281,505  
  

 

 

   

 

 

   

 

 

   

 

 

 

Total expenses (before waivers, reimbursements and fees paid indirectly)

     52,865,545       17,725,568       124,411,201       6,709,722  
  

 

 

   

 

 

   

 

 

   

 

 

 

Transfer agent fee waivers

     (90,444     (41,587     (1,454,925     (4,817

Distribution fee reimbursements

     (152,051     (23,878     (101,258     (5,818

Commission recapture

     (68,961     (4,800     (143,176     (12,852
  

 

 

   

 

 

   

 

 

   

 

 

 

Total waivers, reimbursements and fees paid indirectly

     (311,456     (70,265     (1,699,359     (23,487
  

 

 

   

 

 

   

 

 

   

 

 

 

Total expenses, net

     52,554,089       17,655,303       122,711,842       6,686,235  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Investment Income (Loss)

     (29,916,479     (4,395,168     (10,215,371     4,875,802  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions on:

        

Investments

     1,058,589,110       203,393,837       1,856,024,240       (39,231,763

Investments in affiliated investments

                 (153,261,094      

Other foreign currency transactions

     37,550       5,099       (6     2,784  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions

         1,058,626,660           203,398,936           1,702,763,140       (39,228,979
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions of:

        

Investments

     1,003,047,055       73,928,189       (733,778,772     (52,937,572

Investments in affiliated investments

                 (32,340,493      

Translation of other assets and liabilities in foreign currencies

     24,812       12,566             619  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions

     1,003,071,867       73,940,755       (766,119,265     (52,936,953
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions

     2,061,698,527       277,339,691       936,643,875       (92,165,932
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Increase (Decrease) in Net Assets Resulting from Operations

   $ 2,031,782,048     $ 272,944,523     $ 926,428,504     $ (87,290,130
  

 

 

   

 

 

   

 

 

   

 

 

 

 

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

 

 

  83  

 


Hartford Domestic Equity Funds

Statements of Operations – (continued)

For the Year Ended October 31, 2020

 

 

 

     Hartford
Quality Value
Fund
    The Hartford
Small Cap
Growth Fund
    Hartford
Small Cap
Value Fund
    The Hartford
Small
Company Fund
 

Investment Income:

 

     

Dividends

   $        5,800,711     $ 5,914,537     $        1,953,471     $ 3,061,686  

Dividends from affiliated investments

                       691,539  

Interest

     24,046       62,111       4,556       104,634  

Securities lending

           92,773       21,996       270,470  

Less: Foreign tax withheld

     (65,004                 (2,438
  

 

 

   

 

 

   

 

 

   

 

 

 

Total investment income, net

     5,759,753       6,069,421       1,980,023       4,125,891  
  

 

 

   

 

 

   

 

 

   

 

 

 

Expenses:

        

Investment management fees

     837,229       6,615,245       595,198       5,135,354  

Transfer agent fees

        

Class A

     311,177       452,590       92,471       577,734  

Class C

     13,076       18,208       6,148       22,928  

Class I

     11,799       136,630       5,148       32,272  

Class R3

     2,132       18,806       1,119       28,356  

Class R4

     7,673       57,943       80       21,174  

Class R5

     261       85,882       14       4,028  

Class R6

     8       2,692       6       8  

Class Y

     540       324,277       372       15,115  

Class F

     318       508       332       4,373  

Distribution fees

        

Class A

     381,147       477,451       92,361       828,382  

Class C

     52,281       138,473       25,547       91,640  

Class R3

     4,840       42,738       2,541       66,352  

Class R4

     11,838       87,375       117       33,834  

Custodian fees

     4,710       9,037       3,696       15,752  

Registration and filing fees

     115,257       128,782       117,587       138,040  

Accounting services fees

     28,944       144,178       13,265       102,488  

Board of Directors’ fees

     5,250       27,411       2,466       19,884  

Audit and tax fees

     27,344       19,157       19,359       34,709  

Other expenses

     45,702       222,079       24,958       223,242  
  

 

 

   

 

 

   

 

 

   

 

 

 

Total expenses (before waivers, reimbursements and fees paid indirectly)

     1,861,526       9,009,462       1,002,785       7,395,665  
  

 

 

   

 

 

   

 

 

   

 

 

 

Expense waivers

     (208,565           (96,925     (17,848

Transfer agent fee waivers

           (206,467            

Distribution fee reimbursements

     (7,904     (14,314     (3,319     (14,647

Commission recapture

     (760     (10,524     (1,915     (12,823
  

 

 

   

 

 

   

 

 

   

 

 

 

Total waivers, reimbursements and fees paid indirectly

     (217,229     (231,305     (102,159     (45,318
  

 

 

   

 

 

   

 

 

   

 

 

 

Total expenses, net

     1,644,297       8,778,157       900,626       7,350,347  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Investment Income (Loss)

     4,115,456       (2,708,736     1,079,397       (3,224,456
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Realized Gain (Loss) on Investments and Foreign Currency Transactions on:

        

Investments

     (2,404,683     76,991,681       (8,845,778     80,689,684  

Other foreign currency transactions

     (3,577           152       (2,081
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Realized Gain (Loss) on Investments and Foreign Currency Transactions

     (2,408,260     76,991,681       (8,845,626     80,687,603  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Changes in Unrealized Appreciation (Depreciation) of Investments and Foreign Currency Transactions of:

        

Investments

     (16,680,808     50,280,658       (8,048,202     107,374,719  

Investments in affiliated investment companies

                       1,913,326  

Translation of other assets and liabilities in foreign currencies

     2,011                    
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Changes in Unrealized Appreciation (Depreciation) of Investments and Foreign Currency Transactions

     (16,678,797     50,280,658       (8,048,202     109,288,045  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Gain (Loss) on Investments and Foreign Currency Transactions

     (19,087,057     127,272,339       (16,893,828     189,975,648  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Increase (Decrease) in Net Assets Resulting from Operations

   $ (14,971,601   $     124,563,603     $ (15,814,431   $     186,751,192  
  

 

 

   

 

 

   

 

 

   

 

 

 

 

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

 

 

  84  

 


Hartford Domestic Equity Funds

Statements of Changes in Net Assets

 

 

 

     The Hartford
Capital Appreciation Fund
    Hartford
Core Equity Fund
 
     For the
Year Ended
October 31,
2020
    For the
Year Ended
October 31,
2019
    For the
Year Ended
October 31,
2020
    For the
Year Ended
October 31,
2019
 

Operations:

 

Net investment income (loss)

   $ 35,121,555     $ 32,178,066     $ 68,377,330     $ 46,421,862  

Net realized gain (loss) on investments, other financial instruments and foreign currency transactions

     321,998,365       313,758,005       (54,681,104     100,491,586  

Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions

     174,640,236       696,148,729       762,997,999       578,564,751  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Increase (Decrease) in Net Assets Resulting from Operations

     531,760,156       1,042,084,800       776,694,225       725,478,199  
  

 

 

   

 

 

   

 

 

   

 

 

 

Distributions to Shareholders:

        

Class A

     (233,332,626     (706,880,408     (22,933,276     (32,665,488

Class C

     (16,172,531     (77,462,288     (8,130,633     (13,165,205

Class I

     (33,414,797     (107,802,788     (50,034,683     (58,009,690

Class R3

     (1,922,241     (8,221,995     (766,121     (1,469,253

Class R4

     (1,528,792     (6,723,975     (3,662,366     (6,169,265

Class R5

     (1,654,005     (4,489,300     (6,433,518     (10,058,287

Class R6

     (3,567,961     (9,472,410     (7,619,916     (7,010,180

Class Y

     (8,300,069     (22,763,013     (10,460,626     (11,032,634

Class F

     (40,192,877     (127,729,846     (48,473,881     (33,816,031
  

 

 

   

 

 

   

 

 

   

 

 

 

Total distributions

     (340,085,899     (1,071,546,023     (158,515,020     (173,396,033
  

 

 

   

 

 

   

 

 

   

 

 

 

Capital Share Transactions:

 

Sold

     393,860,254       488,499,323       4,431,360,869       2,583,350,592  

Issued on reinvestment of distributions

     327,641,306       1,028,835,269       151,792,918       165,763,267  

Redeemed

     (1,497,856,000     (1,724,498,541     (2,300,491,319     (1,079,118,925
  

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) from capital share transactions

     (776,354,440     (207,163,949     2,282,662,468       1,669,994,934  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Increase (Decrease) in Net Assets

     (584,680,183     (236,625,172     2,900,841,673       2,222,077,100  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Assets:

 

Beginning of period

     6,941,637,300       7,178,262,472       5,691,910,758       3,469,833,658  
  

 

 

   

 

 

   

 

 

   

 

 

 

End of period

   $     6,356,957,117     $     6,941,637,300     $     8,592,752,431     $     5,691,910,758  
  

 

 

   

 

 

   

 

 

   

 

 

 

 

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

 

 

  85  

 


Hartford Domestic Equity Funds

Statements of Changes in Net Assets – (continued)

 

 

 

     The Hartford
Dividend and Growth Fund
    The Hartford
Equity Income Fund
 
     For the
Year Ended
October 31,
2020
    For the
Year Ended
October 31,
2019
    For the
Year Ended
October 31,
2020
    For the
Year Ended
October 31,
2019
 

Operations:

 

Net investment income (loss)

   $ 159,576,823     $ 152,429,025     $ 76,499,402     $ 83,954,241  

Net realized gain (loss) on investments and foreign currency transactions

     194,550,105       261,913,493       41,190,676       251,977,418  

Net changes in unrealized appreciation (depreciation) of investments and foreign currency transactions

     (496,987,234     705,555,576       (294,473,186     185,592,620  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Increase (Decrease) in Net Assets Resulting from Operations

     (142,860,306     1,119,898,094       (176,783,108     521,524,279  
  

 

 

   

 

 

   

 

 

   

 

 

 

Distributions to Shareholders:

        

Class A

     (160,312,321     (376,562,728     (123,227,802     (139,419,928

Class C

     (7,036,533     (22,753,711     (20,643,364     (27,745,387

Class I

     (56,365,416     (95,343,423     (79,079,559     (106,057,518

Class R3

     (2,526,370     (7,276,281     (3,167,178     (4,085,476

Class R4

     (4,441,817     (13,533,303     (4,104,853     (6,151,808

Class R5

     (8,627,986     (16,252,768     (6,408,419     (7,636,620

Class R6

     (6,208,413     (9,073,108     (4,420,613     (3,471,599

Class Y

     (32,073,450     (68,670,776     (8,372,101     (12,485,702

Class F

     (133,641,614     (288,913,297     (77,653,805     (76,875,225
  

 

 

   

 

 

   

 

 

   

 

 

 

Total distributions

     (411,233,920     (898,379,395     (327,077,694     (383,929,263
  

 

 

   

 

 

   

 

 

   

 

 

 

Capital Share Transactions:

 

Sold

     2,466,834,298       1,316,713,660       870,782,771       684,129,579  

Issued on reinvestment of distributions

     395,743,447       867,611,541       313,924,345       367,118,559  

Redeemed

     (2,162,912,714     (1,593,432,163     (1,064,410,832     (1,256,628,479
  

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) from capital share transactions

     699,665,031       590,893,038       120,296,284       (205,380,341
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Increase (Decrease) in Net Assets

     145,570,805       812,411,737       (383,564,518     (67,785,325
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Assets:

 

Beginning of period

     9,043,319,451       8,230,907,714       4,075,609,705       4,143,395,030  
  

 

 

   

 

 

   

 

 

   

 

 

 

End of period

   $     9,188,890,256     $     9,043,319,451     $     3,692,045,187     $     4,075,609,705  
  

 

 

   

 

 

   

 

 

   

 

 

 

 

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

 

 

  86  

 


Hartford Domestic Equity Funds

Statements of Changes in Net Assets – (continued)

 

 

 

     The Hartford
Growth Opportunities Fund
    The Hartford
Healthcare Fund
 
     For the
Year Ended
October 31,
2020
    For the
Year Ended
October 31,
2019
    For the
Year Ended
October 31,
2020
    For the
Year Ended
October 31,
2019
 

Operations:

 

Net investment income (loss)

   $ (29,916,479   $ (26,899,996   $ (4,395,168   $ (3,913,470

Net realized gain (loss) on investments and foreign currency transactions

     1,058,626,660       328,106,237       203,398,936       98,097,029  

Net changes in unrealized appreciation (depreciation) of investments and foreign currency transactions

     1,003,071,867       290,104,434       73,940,755       49,131,042  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Increase (Decrease) in Net Assets Resulting from Operations

     2,031,782,048       591,310,675       272,944,523       143,314,601  
  

 

 

   

 

 

   

 

 

   

 

 

 

Distributions to Shareholders:

        

Class A

     (132,324,071     (456,838,651     (43,738,879     (48,565,116

Class C

     (33,402,683     (111,605,001     (11,289,417     (13,953,587

Class I

     (86,336,894     (353,498,531     (18,502,650     (25,648,483

Class R3

     (2,788,128     (10,699,557     (2,132,500     (2,630,413

Class R4

     (3,725,988     (17,113,553     (1,601,341     (2,166,993

Class R5

     (1,419,176     (4,132,294     (362,224     (547,097

Class R6

     (1,357,539     (2,565,390     (138,636      

Class Y

     (8,936,697     (24,851,439     (4,160,454     (3,369,356

Class F

     (31,543,831     (88,424,295     (1,805,276     (5,165,741
  

 

 

   

 

 

   

 

 

   

 

 

 

Total distributions

     (301,835,007     (1,069,728,711     (83,731,377     (102,046,786
  

 

 

   

 

 

   

 

 

   

 

 

 

Capital Share Transactions:

 

Sold

     1,236,652,514       1,040,653,406       225,456,081       162,135,540  

Issued on reinvestment of distributions

     276,247,055       974,523,793       79,518,799       97,225,749  

Redeemed

     (1,570,077,091     (1,511,405,502     (300,020,713     (458,221,064
  

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) from capital share transactions

     (57,177,522     503,771,697       4,954,167       (198,859,775
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Increase (Decrease) in Net Assets

     1,672,769,519       25,353,661       194,167,313       (157,591,960
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Assets:

 

Beginning of period

     4,722,337,709       4,696,984,048       1,271,501,275       1,429,093,235  
  

 

 

   

 

 

   

 

 

   

 

 

 

End of period

   $     6,395,107,228     $     4,722,337,709     $     1,465,668,588     $     1,271,501,275  
  

 

 

   

 

 

   

 

 

   

 

 

 

 

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

 

 

  87  

 


Hartford Domestic Equity Funds

Statements of Changes in Net Assets – (continued)

 

 

 

     The Hartford
MidCap Fund
    The Hartford
MidCap Value Fund
 
     For the
Year Ended
October 31,
2020
    For the
Year Ended
October 31,
2019
    For the
Year Ended
October 31,
2020
    For the
Year Ended
October 31,
2019
 

Operations:

 

Net investment income (loss)

   $ (10,215,371   $ (17,375,474   $ 4,875,802     $ 5,214,816  

Net realized gain (loss) on investments and foreign currency transactions

     1,702,763,140       692,389,101       (39,228,979     15,796,293  

Net changes in unrealized appreciation (depreciation) of investments and foreign currency transactions

     (766,119,265     1,148,200,359       (52,936,953     60,487,724  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Increase (Decrease) in Net Assets Resulting from Operations

     926,428,504       1,823,213,986       (87,290,130     81,498,833  
  

 

 

   

 

 

   

 

 

   

 

 

 

Distributions to Shareholders:

        

Class A

     (150,147,304     (289,440,848     (9,305,290     (31,904,637

Class C

     (38,059,233     (88,988,927     (469,443     (2,364,041

Class I

     (215,894,776     (397,398,146     (986,601     (3,672,119

Class R3

     (4,574,098     (10,655,554     (194,286     (947,049

Class R4

     (11,938,522     (27,102,479     (330,164     (1,216,557

Class R5

     (21,826,289     (45,165,553     (46,111     (805,091

Class R6

     (75,768,819     (108,955,955            

Class Y

     (67,701,427     (162,390,598     (388,031     (1,198,031

Class F

     (117,154,616     (183,904,712     (10,736,193     (29,727,333
  

 

 

   

 

 

   

 

 

   

 

 

 

Total distributions

     (703,065,084     (1,314,002,772     (22,456,119     (71,834,858
  

 

 

   

 

 

   

 

 

   

 

 

 

Capital Share Transactions:

 

Sold

     3,049,644,964       3,932,057,467       143,137,588       140,081,421  

Issued on reinvestment of distributions

     674,235,988       1,257,169,368       22,332,350       70,997,863  

Redeemed

     (4,890,549,843     (4,084,043,517     (161,706,044     (145,764,489
  

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) from capital share transactions

     (1,166,668,891     1,105,183,318       3,763,894       65,314,795  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Increase (Decrease) in Net Assets

     (943,305,471     1,614,394,532       (105,982,355     74,978,770  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Assets:

 

Beginning of period

     13,911,465,783       12,297,071,251       705,760,137       630,781,367  
  

 

 

   

 

 

   

 

 

   

 

 

 

End of period

   $     12,968,160,312     $     13,911,465,783     $     599,777,782     $     705,760,137  
  

 

 

   

 

 

   

 

 

   

 

 

 

 

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

 

 

  88  

 


Hartford Domestic Equity Funds

Statements of Changes in Net Assets – (continued)

 

 

 

     Hartford
Quality Value Fund
    The Hartford
Small Cap Growth Fund
 
     For the
Year Ended
October 31,
2020
    For the
Year Ended
October 31,
2019
    For the
Year Ended
October 31,
2020
    For the
Year Ended
October 31,
2019
 

Operations:

 

Net investment income (loss)

   $ 4,115,456     $ 4,991,920     $ (2,708,736   $ (1,619,044

Net realized gain (loss) on investments and foreign currency transactions

     (2,408,260     6,013,760       76,991,681       14,715,285  

Net changes in unrealized appreciation (depreciation) of investments and foreign currency transactions

     (16,678,797     18,436,373       50,280,658       68,831,465  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Increase (Decrease) in Net Assets Resulting from Operations

     (14,971,601     29,442,053       124,563,603       81,927,706  
  

 

 

   

 

 

   

 

 

   

 

 

 

Distributions to Shareholders:

        

Class A

     (8,585,823     (10,328,219     (3,152,385     (43,413,241

Class C

     (334,835     (488,659     (371,513     (6,352,380

Class I

     (704,282     (854,566     (2,950,208     (47,429,264

Class R3

     (57,990     (61,925     (162,662     (2,796,540

Class R4

     (303,759     (364,460     (630,158     (14,166,813

Class R5

     (12,405     (32,495     (1,205,841     (18,766,338

Class R6

     (1,828     (650     (971,533     (8,767,431

Class Y

     (33,830     (39,465     (5,261,028     (69,794,940

Class F

     (650,547     (6,128,466     (693,277     (9,900,355
  

 

 

   

 

 

   

 

 

   

 

 

 

Total distributions

     (10,685,299     (18,298,905     (15,398,605     (221,387,302
  

 

 

   

 

 

   

 

 

   

 

 

 

Capital Share Transactions:

 

Sold

     14,502,495       16,762,137       261,523,570       366,698,768  

Issued on reinvestment of distributions

     10,505,584       18,080,940       14,907,961       209,847,653  

Redeemed

     (38,374,320     (120,327,472     (601,709,062     (518,321,132
  

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) from capital share transactions

     (13,366,241     (85,484,395     (325,277,531     58,225,289  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Increase (Decrease) in Net Assets

     (39,023,141     (74,341,247)       (216,112,533     (81,234,307
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Assets:

 

Beginning of period

     208,580,377       282,921,624       1,016,133,484       1,097,367,791  
  

 

 

   

 

 

   

 

 

   

 

 

 

End of period

   $     169,557,236     $     208,580,377     $     800,020,951     $     1,016,133,484  
  

 

 

   

 

 

   

 

 

   

 

 

 

 

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

 

 

  89  

 


Hartford Domestic Equity Funds

Statements of Changes in Net Assets – (continued)

 

 

 

     Hartford
Small Cap Value Fund
    The Hartford
Small Company Fund
 
     For the
Year Ended
October 31,
2020
    For the
Year Ended
October 31,
2019
    For the
Year Ended
October 31,
2020
    For the
Year Ended
October 31,
2019
 

Operations:

 

Net investment income (loss)

   $ 1,079,397     $ 1,171,073     $ (3,224,456   $ (2,934,571

Net realized gain (loss) on investments and foreign currency transactions

     (8,845,626     5,301,969       80,687,603       38,272,188  

Net changes in unrealized appreciation (depreciation) of investments

     (8,048,202     (2,603,683     109,288,045       34,222,341  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Increase (Decrease) in Net Assets Resulting from Operations

     (15,814,431     3,869,359       186,751,192       69,559,958  
  

 

 

   

 

 

   

 

 

   

 

 

 

Distributions to Shareholders:

        

Class A

     (2,971,162     (12,609,836     (19,581,596     (50,850,996

Class C

     (232,432     (1,665,307     (922,638     (2,799,065

Class I

     (419,421     (1,179,686     (1,641,458     (4,870,629

Class R3

     (37,274     (126,981     (795,519     (2,677,758

Class R4

     (4,174     (11,402     (754,352     (2,412,769

Class R5

     (730     (8,637     (157,911     (403,513

Class R6

     (7,037     (2,456     (5,772     (21,469

Class Y

     (28,438     (115,661     (1,571,493     (5,332,405

Class F

     (3,318,166     (9,621,393     (11,316,929     (20,116,041
  

 

 

   

 

 

   

 

 

   

 

 

 

Total distributions

     (7,018,834     (25,341,359     (36,747,668     (89,484,645
  

 

 

   

 

 

   

 

 

   

 

 

 

Capital Share Transactions:

 

Sold

     14,194,625       24,105,167       102,088,209       140,460,721  

Issued on reinvestment of distributions

     6,977,511       24,897,952       36,543,865       88,871,747  

Redeemed

     (23,873,812     (24,593,063     (164,590,834     (112,635,884
  

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) from capital share transactions

     (2,701,676     24,410,056       (25,958,760     116,696,584  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Increase (Decrease) in Net Assets

     (25,534,941     2,938,056       124,044,764       96,771,897  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Assets:

 

Beginning of period

         104,899,215           101,961,159           606,171,649           509,399,752  
  

 

 

   

 

 

   

 

 

   

 

 

 

End of period

   $ 79,364,274     $ 104,899,215     $ 730,216,413     $ 606,171,649  
  

 

 

   

 

 

   

 

 

   

 

 

 

 

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

 

 

  90  

 


Hartford Domestic Equity Funds

Financial Highlights

 

 

 

    — Selected Per-Share Data(1) —     — Ratios and Supplemental Data —  

Class

  Net Asset
Value at
Beginning
of Period
    Net
Investment
Income
(Loss)
    Net
Realized
and
Unrealized
Gain (Loss)
on
Investments
    Total from
Investment
Operations
    Dividends
from Net
Investment
Income
    Distributions
from
Capital
Gains
    Total
Dividends
and
Distributions
    Net
Asset
Value at
End of
Period
    Total
Return(2)
    Net
Assets at
End of
Period
(000s)
    Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3)
    Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3)
    Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets
    Portfolio
Turnover
 
The Hartford Capital Appreciation Fund  

For the Year Ended October 31, 2020

 

A

  $   37.12     $   0.18     $   2.90     $   3.08     $   (0.17   $   (1.64   $   (1.81   $   38.39       8.57   $   4,645,677       1.07     1.07     0.48     84

C

    27.08       (0.07     2.08       2.01             (1.64     (1.64     27.45       7.78       177,309       1.85       1.85       (0.27     84  

I

    37.36       0.28       2.93       3.21       (0.27     (1.64     (1.91     38.66       8.88       584,048       0.79       0.79       0.77       84  

R3

    41.47       0.06       3.25       3.31             (1.64     (1.64     43.14       8.25       42,449       1.42       1.42       0.14       84  

R4

    43.06       0.20       3.39       3.59       (0.10     (1.64     (1.74     44.91       8.59       32,732       1.10       1.10       0.46       84  

R5

    44.04       0.33       3.47       3.80       (0.26     (1.64     (1.90     45.94       8.88       34,188       0.81       0.81       0.75       84  

R6

    44.34       0.43       3.44       3.87       (0.30     (1.64     (1.94     46.27       9.03       12,531       0.70       0.70       1.00       84  

Y

    44.32       0.36       3.49       3.85       (0.29     (1.64     (1.93     46.24       8.97       103,152       0.80       0.75       0.83       84  

F

    37.36       0.31       2.93       3.24       (0.30     (1.64     (1.94     38.66       9.00       724,872       0.70       0.70       0.85       84  

For the Year Ended October 31, 2019

 

A

  $ 37.88     $ 0.15     $ 4.81     $ 4.96     $ (0.11   $ (5.61   $ (5.72   $ 37.12       16.32   $ 4,831,749       1.07     1.07     0.42     68

C

    29.30       (0.09     3.48       3.39             (5.61     (5.61     27.08       15.45       278,394       1.83       1.83       (0.33     68  

I

    38.08       0.25       4.84       5.09       (0.20     (5.61     (5.81     37.36       16.66       658,302       0.79       0.79       0.70       68  

R3

    41.62       0.03       5.43       5.46             (5.61     (5.61     41.47       15.91       50,957       1.42       1.42       0.07       68  

R4

    42.94       0.16       5.63       5.79       (0.06     (5.61     (5.67     43.06       16.27       38,634       1.11       1.11       0.39       68  

R5

    43.80       0.28       5.75       6.03       (0.18     (5.61     (5.79     44.04       16.64       38,808       0.80       0.80       0.68       68  

R6

    44.07       0.33       5.78       6.11       (0.23     (5.61     (5.84     44.34       16.74       80,535       0.70       0.70       0.78       68  

Y

    44.06       0.32       5.77       6.09       (0.22     (5.61     (5.83     44.32       16.71       187,754       0.78       0.74       0.75       68  

F

    38.09       0.28       4.83       5.11       (0.23     (5.61     (5.84     37.36       16.75       776,505       0.70       0.70       0.79       68  

For the Year Ended October 31, 2018

 

A

  $ 41.86     $ 0.15     $ 1.45     $ 1.60     $ (0.26   $ (5.32   $ (5.58   $ 37.88       3.92   $ 4,742,846       1.07     1.06     0.38     108

C

    33.62       (0.11     1.16       1.05       (0.05     (5.32     (5.37     29.30       3.15       426,256       1.81       1.81       (0.34     108  

I

    42.04       0.26       1.44       1.70       (0.34     (5.32     (5.66     38.08       4.19       734,580       0.78       0.78       0.66       108  

R3

    45.39       0.02       1.56       1.58       (0.03     (5.32     (5.35     41.62       3.57       61,882       1.42       1.41       0.04       108  

R4

    46.69       0.15       1.62       1.77       (0.20     (5.32     (5.52     42.94       3.87       51,635       1.10       1.10       0.34       108  

R5

    47.54       0.30       1.63       1.93       (0.35     (5.32     (5.67     43.80       4.18       34,288       0.80       0.80       0.65       108  

R6

    47.80       0.35       1.64       1.99       (0.40     (5.32     (5.72     44.07       4.29       70,935       0.70       0.70       0.75       108  

Y

    47.78       0.34       1.64       1.98       (0.38     (5.32     (5.70     44.06       4.28       175,731       0.71       0.71       0.74       108  

F

    42.06       0.30       1.45       1.75       (0.40     (5.32     (5.72     38.09       4.28       880,110       0.70       0.70       0.75       108  

For the Year Ended October 31, 2017

 

A

  $ 34.49     $ 0.13     $ 7.39     $ 7.52     $ (0.15   $     $ (0.15   $ 41.86       21.86   $ 4,613,982       1.09 %(4)      1.08 %(4)      0.34     123

C

    27.80       (0.12     5.94       5.82                         33.62       20.97       1,241,267       1.82 (4)      1.82 (4)      (0.39     123  

I

    34.65       0.25       7.40       7.65       (0.26           (0.26     42.04       22.20       846,019       0.81 (4)      0.81 (4)      0.63       123  

R3

    37.38       0.01       8.01       8.02       (0.01           (0.01     45.39       21.47       75,201       1.42 (4)      1.40 (4)      0.03       123  

R4

    38.39       0.14       8.23       8.37       (0.07           (0.07     46.69       21.82       74,374       1.11 (4)      1.11 (4)      0.33       123  

R5

    39.15       0.28       8.37       8.65       (0.26           (0.26     47.54       22.20       40,582       0.81 (4)      0.80 (4)      0.63       123  

R6

    39.36       0.31       8.42       8.73       (0.29           (0.29     47.80       22.33       70,142       0.71 (4)      0.71 (4)      0.71       123  

Y

    39.36       0.30       8.41       8.71       (0.29           (0.29     47.78       22.27       184,502       0.72 (4)      0.72 (4)      0.70       123  

F(5)

    38.15       0.18       3.73       3.91                         42.06       10.28 (6)      1,103,972       0.71 (4)(7)      0.71 (4)(7)      0.65 (7)      123  

For the Year Ended October 31, 2016

 

A

  $ 38.15     $ 0.13     $ (0.57   $ (0.44   $ (0.12   $ (3.10   $ (3.22   $ 34.49       (0.97 )%    $ 4,609,594       1.11     1.11 %(8)      0.39     88

B

    31.00       (0.13     (0.49     (0.62           (3.10     (3.10     27.28       (1.82     58,647       2.00       2.00 (8)      (0.49     88  

C

    31.48       (0.09     (0.49     (0.58           (3.10     (3.10     27.80       (1.65     1,420,171       1.83       1.83 (8)      (0.33     88  

I

    38.31       0.24       (0.57     (0.33     (0.23     (3.10     (3.33     34.65       (0.65     1,225,026       0.81       0.81 (8)      0.70       88  

R3

    41.06       0.03       (0.61     (0.58           (3.10     (3.10     37.38       (1.26     103,526       1.43       1.42 (8)      0.09       88  

R4

    42.07       0.15       (0.63     (0.48     (0.10     (3.10     (3.20     38.39       (0.95     100,426       1.12       1.12 (8)      0.39       88  

R5

    42.84       0.27       (0.64     (0.37     (0.22     (3.10     (3.32     39.15       (0.65     45,643       0.82       0.82 (8)      0.69       88  

R6

    43.03       0.33       (0.66     (0.33     (0.24     (3.10     (3.34     39.36       (0.56     57,432       0.72       0.72 (8)      0.85       88  

Y

    43.05       0.30       (0.63     (0.33     (0.26     (3.10     (3.36     39.36       (0.55     939,300       0.72       0.72 (8)      0.78       88  

 

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

 

 

  91  

 


Hartford Domestic Equity Funds

Financial Highlights – (continued)

 

 

 

    — Selected Per-Share Data(1)     — Ratios and Supplemental Data —  

Class

  Net Asset
Value at
Beginning
of Period
    Net
Investment
Income
(Loss)
    Net
Realized
and
Unrealized
Gain (Loss)
on
Investments
    Total from
Investment
Operations
    Dividends
from Net
Investment
Income
    Distributions
from
Capital
Gains
    Total
Dividends
and
Distributions
    Net
Asset
Value at
End of
Period
    Total
Return(2)
    Net
Assets at
End of
Period
(000s)
    Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3)
    Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3)
    Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets
    Portfolio
Turnover
 
Hartford Core Equity Fund  

For the Year Ended October 31, 2020

 

A

  $   33.40     $   0.26     $   3.23     $   3.49     $   (0.23   $   (0.62   $   (0.85   $   36.04       10.58   $   1,140,994       0.73     0.72     0.77     22

C

    30.35       0.01       2.92       2.93       (0.04     (0.62     (0.66     32.62       9.74       443,989       1.47       1.47       0.03       22  

I

    33.50       0.35       3.24       3.59       (0.31     (0.62     (0.93     36.16       10.87       2,936,718       0.46       0.46       1.03       22  

R3

    33.86       0.15       3.26       3.41       (0.11     (0.62     (0.73     36.54       10.17       46,674       1.07       1.07       0.43       22  

R4

    34.44       0.27       3.33       3.60       (0.22     (0.62     (0.84     37.20       10.58       169,267       0.78       0.73       0.77       22  

R5

    33.75       0.36       3.25       3.61       (0.30     (0.62     (0.92     36.44       10.85       188,738       0.47       0.47       1.04       22  

R6

    33.91       0.38       3.29       3.67       (0.34     (0.62     (0.96     36.62       10.96       746,018       0.38       0.38       1.10       22  

Y

    33.90       0.36       3.28       3.64       (0.32     (0.62     (0.94     36.60       10.89       668,655       0.47       0.45       1.05       22  

F

    33.52       0.38       3.25       3.63       (0.34     (0.62     (0.96     36.19       10.97       2,251,700       0.38       0.38       1.12       22  

For the Year Ended October 31, 2019

 

                 

A

  $ 30.17     $ 0.27     $ 4.40     $ 4.67     $ (0.21   $ (1.23   $ (1.44   $ 33.40       16.60   $ 881,587       0.74     0.73     0.88     15

C

    27.53       0.04       4.01       4.05             (1.23     (1.23     30.35       15.71       366,553       1.47       1.47       0.14       15  

I

    30.26       0.35       4.40       4.75       (0.28     (1.23     (1.51     33.50       16.91       1,740,669       0.47       0.47       1.14       15  

R3

    30.52       0.16       4.48       4.64       (0.07     (1.23     (1.30     33.86       16.18       34,158       1.10       1.10       0.52       15  

R4

    31.03       0.28       4.54       4.82       (0.18     (1.23     (1.41     34.44       16.59       150,159       0.77       0.74       0.88       15  

R5

    30.47       0.35       4.44       4.79       (0.28     (1.23     (1.51     33.75       16.90       231,879       0.49       0.49       1.13       15  

R6

    30.61       0.38       4.46       4.84       (0.31     (1.23     (1.54     33.91       17.01       259,706       0.38       0.38       1.22       15  

Y

    30.61       0.37       4.45       4.82       (0.30     (1.23     (1.53     33.90       16.94       371,580       0.46       0.43       1.18       15  

F

    30.28       0.38       4.40       4.78       (0.31     (1.23     (1.54     33.52       17.00       1,655,619       0.38       0.38       1.21       15  

For the Year Ended October 31, 2018

 

                 

A

  $ 28.53     $ 0.22     $ 2.42     $ 2.64     $ (0.25   $ (0.75   $ (1.00   $ 30.17       9.41   $ 666,354       0.74     0.74     0.73     22

C

    26.13             2.22       2.22       (0.07     (0.75     (0.82     27.53       8.61       293,064       1.48       1.48             22  

I

    28.60       0.30       2.43       2.73       (0.32     (0.75     (1.07     30.26       9.72       1,130,600       0.47       0.47       1.00       22  

R3

    28.85       0.12       2.44       2.56       (0.14     (0.75     (0.89     30.52       9.02       34,765       1.10       1.10       0.38       22  

R4

    29.32       0.22       2.48       2.70       (0.24     (0.75     (0.99     31.03       9.37       144,866       0.79       0.76       0.72       22  

R5

    28.81       0.30       2.44       2.74       (0.33     (0.75     (1.08     30.47       9.69       201,510       0.49       0.49       0.99       22  

R6

    28.93       0.33       2.45       2.78       (0.35     (0.75     (1.10     30.61       9.80       146,643       0.39       0.39       1.08       22  

Y

    28.93       0.32       2.45       2.77       (0.34     (0.75     (1.09     30.61       9.77       216,788       0.42       0.42       1.06       22  

F

    28.63       0.33       2.42       2.75       (0.35     (0.75     (1.10     30.28       9.80       635,245       0.39       0.39       1.09       22  

For the Year Ended October 31, 2017

 

                 

A

  $ 23.87     $ 0.27     $ 4.70     $ 4.97     $ (0.12   $ (0.19   $ (0.31   $ 28.53       21.06   $ 631,817       0.75     0.75     1.05     39

C

    21.94       0.07       4.33       4.40       (0.02     (0.19     (0.21     26.13       20.20       316,886       1.50       1.50       0.30       39  

I

    23.93       0.34       4.71       5.05       (0.19     (0.19     (0.38     28.60       21.37       982,686       0.52       0.52       1.30       39  

R3

    24.18       0.19       4.77       4.96       (0.10     (0.19     (0.29     28.85       20.71       43,004       1.11       1.09       0.72       39  

R4

    24.54       0.27       4.84       5.11       (0.14     (0.19     (0.33     29.32       21.05       172,584       0.81       0.79       1.01       39  

R5

    24.10       0.35       4.75       5.10       (0.20     (0.19     (0.39     28.81       21.41       192,359       0.51       0.49       1.31       39  

R6

    24.19       0.37       4.77       5.14       (0.21     (0.19     (0.40     28.93       21.52       118,527       0.41       0.41       1.38       39  

Y

    24.20       0.35       4.78       5.13       (0.21     (0.19     (0.40     28.93       21.47       148,542       0.42       0.42       1.33       39  

F(5)

    26.05       0.26       2.32       2.58                         28.63       9.90 (6)      585,057       0.41 (7)      0.41 (7)      1.39 (7)      39  

For the Year Ended October 31, 2016

 

                 

A

  $ 24.05     $ 0.15     $ 0.13     $ 0.28     $ (0.03   $ (0.43   $ (0.46   $ 23.87       1.21   $ 703,896       0.80     0.80 %(9)      0.64     29

B

    22.33       (0.02     0.11       0.09             (0.43     (0.43     21.99       0.43       766       1.96       1.55 (9)      (0.10     29  

C

    22.27       (0.03     0.13       0.10             (0.43     (0.43     21.94       0.47       281,383       1.55       1.55 (9)      (0.12     29  

I

    24.09       0.21       0.13       0.34       (0.07     (0.43     (0.50     23.93       1.47       749,824       0.55       0.55 (9)      0.88       29  

R3

    24.44       0.08       0.13       0.21       (0.04     (0.43     (0.47     24.18       0.89       36,012       1.14       1.10 (9)      0.33       29  

R4

    24.73       0.15       0.14       0.29       (0.05     (0.43     (0.48     24.54       1.21       144,490       0.83       0.80 (9)      0.63       29  

R5

    24.25       0.22       0.14       0.36       (0.08     (0.43     (0.51     24.10       1.52       121,871       0.53       0.50 (9)      0.93       29  

R6

    24.33       0.24       0.13       0.37       (0.08     (0.43     (0.51     24.19       1.55       32,059       0.43       0.43 (9)      1.00       29  

Y

    24.33       0.24       0.13       0.37       (0.07     (0.43     (0.50     24.20       1.58       281,692       0.43       0.43 (9)      0.99       29  

 

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

 

 

  92  

 


Hartford Domestic Equity Funds

Financial Highlights – (continued)

 

 

 

    — Selected Per-Share Data(1)     — Ratios and Supplemental Data —  

Class

  Net Asset
Value at
Beginning
of Period
    Net
Investment
Income
(Loss)
    Net
Realized
and
Unrealized
Gain (Loss)
on
Investments
    Total from
Investment
Operations
    Dividends
from Net
Investment
Income
    Distributions
from
Capital
Gains
    Total
Dividends
and
Distributions
    Net
Asset
Value at
End of
Period
    Total
Return(2)
    Net
Assets at
End of
Period
(000s)
    Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3)
    Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3)
    Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets
    Portfolio
Turnover
 
The Hartford Dividend and Growth Fund  

For the Year Ended October 31, 2020

 

A

  $   25.93     $   0.39     $   (0.94   $   (0.55   $   (0.37   $   (0.75   $   (1.12   $   24.26       (2.20 )%    $   3,385,907       1.00     1.00     1.61     28

C

    24.96       0.20       (0.92     (0.72     (0.18     (0.75     (0.93     23.31       (3.01     138,431       1.78       1.78       0.84       28  

I

    25.80       0.45       (0.94     (0.49     (0.44     (0.75     (1.19     24.12       (1.97     1,681,761       0.73       0.73       1.86       28  

R3

    26.32       0.31       (0.95     (0.64     (0.28     (0.75     (1.03     24.65       (2.54     54,642       1.35       1.35       1.26       28  

R4

    26.52       0.39       (0.97     (0.58     (0.35     (0.75     (1.10     24.84       (2.26     82,299       1.05       1.05       1.56       28  

R5

    26.64       0.47       (0.98     (0.51     (0.43     (0.75     (1.18     24.95       (1.97     177,851       0.74       0.74       1.86       28  

R6

    26.64       0.49       (0.97     (0.48     (0.46     (0.75     (1.21     24.95       (1.87     196,065       0.65       0.65       1.94       28  

Y

    26.64       0.48       (0.97     (0.49     (0.45     (0.75     (1.20     24.95       (1.91     735,618       0.73       0.68       1.92       28  

F

    25.78       0.48       (0.95     (0.47     (0.46     (0.75     (1.21     24.10       (1.89     2,736,317       0.64       0.64       1.96       28  

For the Year Ended October 31, 2019

 

A

  $ 25.63     $ 0.40     $ 2.63     $ 3.03     $ (0.38   $ (2.35   $ (2.73   $ 25.93       13.75   $ 3,739,696       1.00     0.99     1.65     22

C

    24.75       0.21       2.53       2.74       (0.18     (2.35     (2.53     24.96       12.92       192,715       1.77       1.77       0.89       22  

I

    25.51       0.46       2.63       3.09       (0.45     (2.35     (2.80     25.80       14.08       1,079,962       0.73       0.73       1.89       22  

R3

    25.97       0.32       2.67       2.99       (0.29     (2.35     (2.64     26.32       13.33       66,115       1.36       1.35       1.30       22  

R4

    26.14       0.40       2.69       3.09       (0.36     (2.35     (2.71     26.52       13.71       111,451       1.04       1.04       1.61       22  

R5

    26.25       0.47       2.71       3.18       (0.44     (2.35     (2.79     26.64       14.05       193,707       0.74       0.74       1.89       22  

R6

    26.25       0.50       2.71       3.21       (0.47     (2.35     (2.82     26.64       14.16       119,159       0.64       0.64       1.98       22  

Y

    26.25       0.49       2.70       3.19       (0.45     (2.35     (2.80     26.64       14.10       696,309       0.71       0.68       1.96       22  

F

    25.50       0.49       2.61       3.10       (0.47     (2.35     (2.82     25.78       14.15       2,844,206       0.64       0.64       2.00       22  

For the Year Ended October 31, 2018

 

A

  $ 27.46     $ 0.39     $ 0.80     $ 1.19     $ (0.38   $ (2.64   $ (3.02   $ 25.63       4.38   $ 3,521,062       0.99     0.99     1.49     31

C

    26.62       0.19       0.77       0.96       (0.19     (2.64     (2.83     24.75       3.58       228,076       1.76       1.75       0.76       31  

I

    27.35       0.46       0.79       1.25       (0.45     (2.64     (3.09     25.51       4.68       847,646       0.73       0.73       1.75       31  

R3

    27.78       0.30       0.81       1.11       (0.28     (2.64     (2.92     25.97       4.03       72,723       1.35       1.35       1.13       31  

R4

    27.95       0.39       0.80       1.19       (0.36     (2.64     (3.00     26.14       4.32       131,649       1.04       1.04       1.44       31  

R5

    28.05       0.47       0.82       1.29       (0.45     (2.64     (3.09     26.25       4.65       146,918       0.74       0.74       1.74       31  

R6

    28.05       0.49       0.82       1.31       (0.47     (2.64     (3.11     26.25       4.76       74,795       0.64       0.64       1.84       31  

Y

    28.05       0.49       0.81       1.30       (0.46     (2.64     (3.10     26.25       4.72       616,454       0.68       0.68       1.80       31  

F

    27.33       0.48       0.80       1.28       (0.47     (2.64     (3.11     25.50       4.77       2,591,584       0.64       0.64       1.84       31  

For the Year Ended October 31, 2017

 

A

  $ 23.49     $ 0.39     $ 4.75     $ 5.14     $ (0.38   $ (0.79   $ (1.17   $ 27.46       22.40   $ 3,619,123       1.00     1.00     1.52     26

C

    22.80       0.19       4.62       4.81       (0.20     (0.79     (0.99     26.62       21.54       449,961       1.74       1.74       0.78       26  

I

    23.38       0.44       4.74       5.18       (0.42     (0.79     (1.21     27.35       22.67       775,427       0.80       0.80       1.75       26  

R3

    23.75       0.30       4.81       5.11       (0.29     (0.79     (1.08     27.78       21.97       77,175       1.35       1.35       1.17       26  

R4

    23.89       0.38       4.84       5.22       (0.37     (0.79     (1.16     27.95       22.34       142,563       1.05       1.05       1.47       26  

R5

    23.97       0.46       4.86       5.32       (0.45     (0.79     (1.24     28.05       22.72       132,739       0.74       0.74       1.76       26  

R6

    23.97       0.46       4.88       5.34       (0.47     (0.79     (1.26     28.05       22.83       10,957       0.65       0.64       1.75       26  

Y

    23.97       0.50       4.84       5.34       (0.47     (0.79     (1.26     28.05       22.81       605,049       0.66       0.66       1.94       26  

F(5)

    25.51       0.29       1.86       2.15       (0.33           (0.33     27.33       8.49 (6)      2,570,906       0.64 (7)      0.64 (7)      1.66 (7)      26  

For the Year Ended October 31, 2016

 

A

  $ 24.99     $ 0.37     $ 0.50     $ 0.87     $ (0.34   $ (2.03   $ (2.37   $ 23.49       4.12   $ 3,501,684       1.03     1.03 %(10)      1.59     22

B

    24.55       0.16       0.47       0.63       (0.11     (2.03     (2.14     23.04       3.12       19,716       2.01       1.96 (10)      0.71       22  

C

    24.34       0.19       0.47       0.66       (0.17     (2.03     (2.20     22.80       3.31       437,961       1.77       1.77 (10)      0.85       22  

I

    24.89       0.41       0.50       0.91       (0.39     (2.03     (2.42     23.38       4.31       1,779,168       0.83       0.83 (10)      1.78       22  

R3

    25.24       0.29       0.51       0.80       (0.26     (2.03     (2.29     23.75       3.78       79,400       1.36       1.36 (10)      1.26       22  

R4

    25.37       0.37       0.51       0.88       (0.33     (2.03     (2.36     23.89       4.10       136,673       1.06       1.06 (10)      1.56       22  

R5

    25.44       0.44       0.51       0.95       (0.39     (2.03     (2.42     23.97       4.41       104,487       0.76       0.76 (10)      1.89       22  

R6

    25.44       0.42       0.55       0.97       (0.41     (2.03     (2.44     23.97       4.48       2,964       0.66       0.66 (10)      1.76       22  

Y

    25.45       0.46       0.51       0.97       (0.42     (2.03     (2.45     23.97       4.50       1,460,506       0.66       0.66 (10)      1.95       22  

 

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

 

 

  93  

 


Hartford Domestic Equity Funds

Financial Highlights – (continued)

 

 

 

    — Selected Per-Share Data(1)     — Ratios and Supplemental Data —  

Class

  Net Asset
Value at
Beginning
of Period
    Net
Investment
Income
(Loss)
    Net
Realized
and
Unrealized
Gain (Loss)
on
Investments
    Total from
Investment
Operations
    Dividends
from Net
Investment
Income
    Distributions
from
Capital
Gains
    Total
Dividends
and
Distributions
    Net
Asset
Value at
End of
Period
    Total
Return(2)
    Net
Assets at
End of
Period
(000s)
    Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3)
    Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3)
    Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets
    Portfolio
Turnover
 
The Hartford Equity Income Fund  

For the Year Ended October 31, 2020

 

A

  $   19.99     $   0.34     $   (1.21   $   (0.87   $   (0.31   $   (1.26   $   (1.57   $   17.55       (4.68 )%    $   1,365,895       1.00     1.00     1.89     31

C

    19.88       0.21       (1.20     (0.99     (0.17     (1.26     (1.43     17.46       (5.38     191,917       1.76       1.76       1.15       31  

I

    19.88       0.38       (1.20     (0.82     (0.36     (1.26     (1.62     17.44       (4.44     977,950       0.74       0.74       2.13       31  

R3

    20.02       0.28       (1.20     (0.92     (0.25     (1.26     (1.51     17.59       (4.97     31,778       1.36       1.36       1.55       31  

R4

    20.06       0.33       (1.21     (0.88     (0.30     (1.26     (1.56     17.62       (4.72     41,386       1.05       1.05       1.85       31  

R5

    20.16       0.39       (1.22     (0.83     (0.36     (1.26     (1.62     17.71       (4.46     56,329       0.77       0.77       2.14       31  

R6

    20.21       0.40       (1.21     (0.81     (0.38     (1.26     (1.64     17.76       (4.34     55,448       0.66       0.66       2.22       31  

Y

    20.22       0.40       (1.23     (0.83     (0.37     (1.26     (1.63     17.76       (4.40     81,615       0.76       0.71       2.20       31  

F

    19.87       0.40       (1.19     (0.79     (0.38     (1.26     (1.64     17.44       (4.31     889,727       0.66       0.66       2.23       31  

For the Year Ended October 31, 2019

 

A

  $ 19.39     $ 0.38     $ 2.02     $ 2.40     $ (0.36   $ (1.44   $ (1.80   $ 19.99       13.88   $ 1,565,663       1.00     1.00     2.01     21

C

    19.29       0.24       2.00       2.24       (0.21     (1.44     (1.65     19.88       13.00       292,388       1.76       1.76       1.27       21  

I

    19.29       0.43       2.01       2.44       (0.41     (1.44     (1.85     19.88       14.17       959,142       0.75       0.75       2.26       21  

R3

    19.41       0.32       2.02       2.34       (0.29     (1.44     (1.73     20.02       13.48       43,474       1.36       1.36       1.66       21  

R4

    19.44       0.37       2.04       2.41       (0.35     (1.44     (1.79     20.06       13.85       53,957       1.07       1.07       1.96       21  

R5

    19.54       0.43       2.04       2.47       (0.41     (1.44     (1.85     20.16       14.14       81,758       0.76       0.76       2.25       21  

R6

    19.58       0.45       2.05       2.50       (0.43     (1.44     (1.87     20.21       14.29       52,201       0.66       0.66       2.33       21  

Y

    19.58       0.45       2.05       2.50       (0.42     (1.44     (1.86     20.22       14.21       105,015       0.73       0.71       2.34       21  

F

    19.29       0.44       2.01       2.45       (0.43     (1.44     (1.87     19.87       14.24       922,012       0.66       0.66       2.34       21  

For the Year Ended October 31, 2018

 

A

  $ 20.64     $ 0.38     $ (0.24   $ 0.14     $ (0.35   $ (1.04   $ (1.39   $ 19.39       0.49   $ 1,508,580       1.00     1.00     1.90     22

C

    20.53       0.23       (0.23           (0.20     (1.04     (1.24     19.29       (0.22     330,741       1.75       1.75       1.16       22  

I

    20.54       0.43       (0.24     0.19       (0.40     (1.04     (1.44     19.29       0.77       1,157,708       0.74       0.74       2.14       22  

R3

    20.66       0.31       (0.25     0.06       (0.27     (1.04     (1.31     19.41       0.12       46,820       1.36       1.36       1.53       22  

R4

    20.69       0.37       (0.24     0.13       (0.34     (1.04     (1.38     19.44       0.43       70,446       1.06       1.06       1.83       22  

R5

    20.78       0.43       (0.23     0.20       (0.40     (1.04     (1.44     19.54       0.78       79,557       0.76       0.76       2.13       22  

R6

    20.83       0.45       (0.24     0.21       (0.42     (1.04     (1.46     19.58       0.83       34,957       0.66       0.66       2.22       22  

Y

    20.83       0.45       (0.25     0.20       (0.41     (1.04     (1.45     19.58       0.79       140,057       0.70       0.70       2.19       22  

F

    20.54       0.45       (0.24     0.21       (0.42     (1.04     (1.46     19.29       0.85       774,529       0.65       0.65       2.23       22  

For the Year Ended October 31, 2017

 

A

  $ 17.97     $ 0.35     $ 3.24     $ 3.59     $ (0.32   $ (0.60   $ (0.92   $ 20.64       20.51   $ 1,685,398       1.00     1.00     1.83     16

C

    17.89       0.21       3.21       3.42       (0.18     (0.60     (0.78     20.53       19.56       449,104       1.74       1.74       1.09       16  

I

    17.89       0.39       3.23       3.62       (0.37     (0.60     (0.97     20.54       20.76       1,111,235       0.78       0.78       2.03       16  

R3

    17.99       0.28       3.24       3.52       (0.25     (0.60     (0.85     20.66       20.06       57,341       1.37       1.37       1.46       16  

R4

    18.02       0.34       3.24       3.58       (0.31     (0.60     (0.91     20.69       20.39       79,632       1.06       1.06       1.77       16  

R5

    18.09       0.40       3.26       3.66       (0.37     (0.60     (0.97     20.78       20.77       83,048       0.76       0.76       2.06       16  

R6

    18.13       0.41       3.28       3.69       (0.39     (0.60     (0.99     20.83       20.91       29,284       0.66       0.66       2.10       16  

Y

    18.13       0.45       3.23       3.68       (0.38     (0.60     (0.98     20.83       20.88       141,479       0.67       0.67       2.35       16  

F(5)

    19.22       0.24       1.37       1.61       (0.29           (0.29     20.54       8.45 (6)      674,626       0.66 (7)      0.66 (7)      1.84 (7)      16  

For the Year Ended October 31, 2016

 

A

  $ 18.70     $ 0.36     $ 0.64     $ 1.00     $ (0.33   $ (1.40   $ (1.73   $ 17.97       6.13   $ 1,676,572       1.04     1.04     2.03     14

B

    18.72       0.34       0.64       0.98       (0.30     (1.40     (1.70     18.00       6.01       6,930       1.18       1.18       1.95       14  

C

    18.61       0.23       0.65       0.88       (0.20     (1.40     (1.60     17.89       5.45       452,909       1.76       1.76       1.30       14  

I

    18.62       0.39       0.66       1.05       (0.38     (1.40     (1.78     17.89       6.45       966,338       0.78       0.78       2.25       14  

R3

    18.72       0.30       0.64       0.94       (0.27     (1.40     (1.67     17.99       5.77       54,732       1.38       1.38       1.68       14  

R4

    18.74       0.35       0.65       1.00       (0.32     (1.40     (1.72     18.02       6.14       76,745       1.07       1.07       1.98       14  

R5

    18.81       0.41       0.64       1.05       (0.37     (1.40     (1.77     18.09       6.42       65,276       0.77       0.77       2.31       14  

R6

    18.84       0.42       0.66       1.08       (0.39     (1.40     (1.79     18.13       6.57       14,551       0.67       0.67       2.38       14  

Y

    18.84       0.41       0.67       1.08       (0.39     (1.40     (1.79     18.13       6.57       386,011       0.67       0.67       2.35       14  

 

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

 

 

  94  

 


Hartford Domestic Equity Funds

Financial Highlights – (continued)

 

 

 

    — Selected Per-Share Data(1)     — Ratios and Supplemental Data —  

Class

  Net Asset
Value at
Beginning
of Period
    Net
Investment
Income
(Loss)
    Net
Realized
and
Unrealized
Gain (Loss)
on
Investments
    Total from
Investment
Operations
    Dividends
from Net
Investment
Income
    Distributions
from
Capital
Gains
    Total
Dividends
and
Distributions
    Net
Asset
Value at
End of
Period
    Total
Return(2)
    Net
Assets at
End of
Period
(000s)
    Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3)
    Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3)
    Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets
    Portfolio
Turnover
 
The Hartford Growth Opportunities Fund  

For the Year Ended October 31, 2020

 

A

  $   39.45     $   (0.30   $   18.03     $   17.73     $     $ (2.53   $ (2.53   $ 54.65       47.69   $ 2,939,376       1.10     1.09     (0.66 )%      118

C

    20.50       (0.31     8.81       8.50             (2.53     (2.53     26.47       46.64       322,226       1.85       1.85       (1.41     118  

I

    41.95       (0.19     19.28       19.09             (2.53     (2.53     58.51       48.12       1,722,100       0.83       0.83       (0.39     118  

R3

    39.41       (0.44     17.97       17.53             (2.53     (2.53     54.41       47.21       47,880       1.44       1.43       (0.99     118  

R4

    42.26       (0.33     19.39       19.06             (2.53     (2.53     58.79       47.67       70,918       1.13       1.13       (0.69     118  

R5

    44.78       (0.20     20.64       20.44             (2.53     (2.53     62.69       48.09       23,170       0.85       0.85       (0.40     118  

R6

    45.63       (0.17     21.08       20.91             (2.53     (2.53     64.01       48.23       40,559       0.74       0.74       (0.31     118  

Y

    45.62       (0.20     21.07       20.87             (2.53     (2.53     63.96       48.15       433,672       0.83       0.78       (0.38     118  

F

    42.09       (0.15     19.36       19.21             (2.53     (2.53     58.77       48.25       795,206       0.74       0.74       (0.31     118  

For the Year Ended October 31, 2019

 

A

  $ 45.89     $ (0.25   $ 4.35     $ 4.10     $     $   (10.54   $   (10.54   $   39.45       13.64   $   2,089,246       1.12     1.11     (0.64 )%      66

C

    29.36       (0.29     1.97       1.68             (10.54     (10.54     20.50       12.79       281,545       1.86       1.86       (1.39     66  

I

    47.99       (0.16     4.66       4.50             (10.54     (10.54     41.95       13.94       1,500,756       0.85       0.85       (0.38     66  

R3

    45.98       (0.39     4.36       3.97             (10.54     (10.54     39.41       13.25       44,757       1.47       1.46       (1.00     66  

R4

    48.38       (0.29     4.71       4.42             (10.54     (10.54     42.26       13.57       67,104       1.15       1.15       (0.69     66  

R5

    50.48       (0.17     5.01       4.84             (10.54     (10.54     44.78       13.92       25,396       0.85       0.85       (0.39     66  

R6

    51.18       (0.13     5.12       4.99             (10.54     (10.54     45.63       14.03       22,765       0.75       0.75       (0.29     66  

Y

    51.18       (0.15     5.13       4.98             (10.54     (10.54     45.62       14.00       164,390       0.83       0.79       (0.33     66  

F

    48.07       (0.12     4.68       4.56             (10.54     (10.54     42.09       14.07       526,379       0.74       0.74       (0.28     66  

For the Year Ended October 31, 2018

 

A

  $ 46.20     $ (0.29   $ 3.86     $ 3.57     $     $ (3.88   $ (3.88   $ 45.89       8.31   $ 2,013,200       1.11     1.11     (0.61 )%      122

C

    31.15       (0.41     2.50       2.09             (3.88     (3.88     29.36       7.49       321,653       1.85       1.85       (1.35     122  

I

    48.01       (0.17     4.03       3.86             (3.88     (3.88     47.99       8.62       1,674,141       0.84       0.84       (0.34     122  

R3

    46.43       (0.45     3.88       3.43             (3.88     (3.88     45.98       7.94       47,707       1.46       1.45       (0.95     122  

R4

    48.52       (0.32     4.06       3.74             (3.88     (3.88     48.38       8.28       79,229       1.15       1.15       (0.65     122  

R5

    50.31       (0.18     4.23       4.05             (3.88     (3.88     50.48       8.60       19,708       0.86       0.86       (0.35     122  

R6

    50.91       (0.14     4.29       4.15             (3.88     (3.88     51.18       8.71       12,061       0.75       0.75       (0.26     122  

Y

    50.92       (0.15     4.29       4.14             (3.88     (3.88     51.18       8.68       127,721       0.78       0.78       (0.28     122  

F

    48.05       (0.12     4.02       3.90             (3.88     (3.88     48.07       8.71       401,565       0.75       0.75       (0.25     122  

For the Year Ended October 31, 2017

 

A

  $ 37.66     $ (0.23   $ 10.17     $ 9.94     $     $ (1.40   $ (1.40   $ 46.20       27.40   $ 1,914,743       1.11     1.10     (0.57 )%      119

C

    26.03       (0.36     6.88       6.52             (1.40     (1.40     31.15       26.46       412,184       1.86       1.86       (1.32     119  

I

    39.00       (0.15     10.56       10.41             (1.40     (1.40     48.01       27.67       1,546,058       0.89       0.89       (0.35     119  

R3

    37.96       (0.37     10.24       9.87             (1.40     (1.40     46.43       26.95       48,315       1.46       1.45       (0.92     119  

R4

    39.50       (0.26     10.68       10.42             (1.40     (1.40     48.52       27.33       81,413       1.15       1.15       (0.62     119  

R5

    40.78       (0.14     11.07       10.93             (1.40     (1.40     50.31       27.74       16,530       0.86       0.85       (0.32     119  

R6

    41.21       (0.12     11.22       11.10             (1.40     (1.40     50.91       27.86       4,554       0.76       0.75       (0.26     119  

Y

    41.23       (0.09     11.18       11.09             (1.40     (1.40     50.92       27.83       104,645       0.77       0.77       (0.22     119  

F(5)

    40.07       (0.10     8.08       7.98                         48.05       19.92 (6)      617,087       0.75 (7)      0.75 (7)      (0.34 )(7)      119  

For the Year Ended October 31, 2016

 

A

  $ 40.68     $ (0.20   $ 0.55     $ 0.35     $     $ (3.37   $ (3.37   $ 37.66       1.04   $ 1,747,532       1.14     1.14 %(11)      (0.55 )%      117

B

    29.08       (0.37     0.35       (0.02           (3.37     (3.37     25.69       0.09       4,249       2.09       2.06 (11)      (1.45     117  

C

    29.37       (0.33     0.36       0.03             (3.37     (3.37     26.03       0.28       420,107       1.89       1.89 (11)      (1.29     117  

I

    41.98       (0.12     0.57       0.45       (0.06     (3.37     (3.43     39.00       1.25       1,726,408       0.93       0.93 (11)      (0.32     117  

R3

    41.11       (0.33     0.55       0.22             (3.37     (3.37     37.96       0.71       47,559       1.47       1.47 (11)      (0.87     117  

R4

    42.51       (0.22     0.58       0.36             (3.37     (3.37     39.50       1.02       72,213       1.17       1.17 (11)      (0.57     117  

R5

    43.73       (0.08     0.57       0.49       (0.07     (3.37     (3.44     40.78       1.30       14,791       0.87       0.86 (11)      (0.20     117  

R6

    44.15       (0.07     0.61       0.54       (0.11     (3.37     (3.48     41.21       1.40       942       0.77       0.77 (11)      (0.17     117  

Y

    44.17       (0.08     0.62       0.54         (0.11     (3.37     (3.48     41.23       1.40       231,037       0.77       0.77 (11)      (0.19     117  

 

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

 

 

  95  

 


Hartford Domestic Equity Funds

Financial Highlights – (continued)

 

 

 

    — Selected Per-Share Data(1)     — Ratios and Supplemental Data —  

Class

  Net Asset
Value at
Beginning
of Period
    Net
Investment
Income
(Loss)
    Net
Realized
and
Unrealized
Gain (Loss)
on
Investments
    Total from
Investment
Operations
    Dividends
from Net
Investment
Income
    Distributions
from
Capital
Gains
    Total
Dividends
and
Distributions
    Net
Asset
Value at
End of
Period
    Total
Return(2)
    Net
Assets at
End of
Period
(000s)
    Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3)
    Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3)
    Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets
    Portfolio
Turnover
 
The Hartford Healthcare Fund  

For the Year Ended October 31, 2020

 

A

  $   35.63     $   (0.13   $   7.77     $   7.64     $     $   (2.36   $   (2.36   $   40.91       22.17   $   746,242       1.28     1.28     (0.33 )%      49

C

    28.24       (0.33     6.08       5.75             (2.36     (2.36     31.63       21.21       139,847       2.04       2.04       (1.09     49  

I

    37.68       (0.02     8.23       8.21             (2.36     (2.36     43.53       22.49       376,518       0.99       0.99       (0.05     49  

R3

    36.56       (0.26     7.96       7.70             (2.36     (2.36     41.90       21.74       31,090       1.61       1.61       (0.65     49  

R4

    38.69       (0.15     8.45       8.30             (2.36     (2.36     44.63       22.12       25,078       1.30       1.30       (0.35     49  

R5

    40.71       (0.03     8.92       8.89             (2.36     (2.36     47.24       22.48       10,937       1.01       1.01       (0.07     49  

R6

    41.28       0.02       9.05       9.07             (2.36     (2.36     47.99       22.61       3,885       0.90       0.90       0.04       49  

Y

    41.27       (0.01     9.05       9.04             (2.36     (2.36     47.95       22.55       97,263       1.00       0.95       (0.01     49  

F

    37.79       0.02       8.25       8.27             (2.36     (2.36     43.70       22.59       34,808       0.90       0.90       0.04       49  

For the Year Ended October 31, 2019

 

A

  $ 34.38     $ (0.10   $ 3.83     $ 3.73     $     $ (2.48   $ (2.48   $ 35.63       12.02   $ 666,181       1.30     1.30     (0.30 )%      35

C

    27.98       (0.28     3.02       2.74             (2.48     (2.48     28.24       11.17       138,539       2.05       2.05       (1.06     35  

I

    36.11       0.00 (12)      4.05       4.05             (2.48     (2.48     37.68       12.36       297,000       1.01       1.01       (0.01     35  

R3

    35.32       (0.21     3.93       3.72             (2.48     (2.48     36.56       11.66       33,948       1.62       1.62       (0.62     35  

R4

    37.12       (0.12     4.17       4.05             (2.48     (2.48     38.69       12.00       26,699       1.32       1.32       (0.32     35  

R5

    38.82       (0.01     4.38       4.37             (2.48     (2.48     40.71       12.32       6,170       1.02       1.02       (0.04     35  

R6(13)

    39.22       0.02       2.04       2.06                         41.28       5.25 (6)      1,341       0.91 (7)      0.91 (7)      0.06 (7)      35  

Y

    39.29       0.01       4.45       4.46             (2.48     (2.48     41.27       12.40       72,515       0.97       0.96       0.03       35  

F

    36.17       0.02       4.08       4.10             (2.48     (2.48     37.79       12.48       29,108       0.91       0.91       0.06       35  

For the Year Ended October 31, 2018

 

A

  $ 34.86     $ (0.14   $ 1.45     $ 1.31     $     $ (1.79   $ (1.79   $ 34.38       3.86   $ 682,175       1.28     1.28     (0.40 )%      27

C

    28.90       (0.33     1.20       0.87             (1.79     (1.79     27.98       3.10       160,084       2.03       2.02       (1.13     27  

I

    36.43       (0.04     1.51       1.47             (1.79     (1.79     36.11       4.15       379,392       1.00       1.00       (0.11     27  

R3

    35.87       (0.26     1.50       1.24             (1.79     (1.79     35.32       3.55       38,412       1.61       1.61       (0.72     27  

R4

    37.50       (0.16     1.57       1.41             (1.79     (1.79     37.12       3.86       32,373       1.30       1.30       (0.42     27  

R5

    39.03       (0.05     1.63       1.58             (1.79     (1.79     38.82       4.15       7,757       1.02       1.02       (0.13     27  

Y

    39.45       (0.01     1.64       1.63             (1.79     (1.79     39.29       4.24       52,896       0.92       0.92       (0.03     27  

F

    36.45             1.51       1.51             (1.79     (1.79     36.17       4.26       76,003       0.90       0.90       (0.01     27  

For the Year Ended October 31, 2017

 

A

  $ 30.96     $ (0.12   $ 7.04     $ 6.92     $     $ (3.02   $ (3.02   $ 34.86       24.28   $ 714,694       1.29     1.29     (0.36 )%      23

C

    26.34       (0.30     5.88       5.58             (3.02     (3.02     28.90       23.37       242,421       2.04       2.03       (1.10     23  

I

    32.15       (0.04     7.34       7.30             (3.02     (3.02     36.43       24.59       351,686       1.03       1.03       (0.11     23  

R3

    31.87       (0.23     7.25       7.02             (3.02     (3.02     35.87       23.87       45,673       1.61       1.61       (0.68     23  

R4

    33.10       (0.13     7.55       7.42             (3.02     (3.02     37.50       24.22       35,927       1.31       1.31       (0.38     23  

R5

    34.23       (0.03     7.85       7.82             (3.02     (3.02     39.03       24.62       6,888       1.01       1.01       (0.08     23  

Y

    34.54       (0.01     7.94       7.93             (3.02     (3.02     39.45       24.72       45,193       0.93       0.93       (0.02     23  

F(5)

    33.96       0.01       2.48       2.49                         36.45       7.33 (6)      61,710       0.90 (7)      0.90 (7)      0.04 (7)      23  

For the Year Ended October 31, 2016

 

A

  $ 38.70     $ (0.12   $   (2.52   $ (2.64   $   (0.55   $ (4.55   $ (5.10   $ 30.96       (8.11 )%    $ 757,038       1.33     1.33     (0.36 )%      35

B

    33.41       (0.36     (2.15     (2.51     (0.13     (4.55     (4.68     26.22       (8.94     2,056       2.24       2.22       (1.26     35  

C

    33.73       (0.31     (2.15     (2.46     (0.38     (4.55     (4.93     26.34       (8.78     254,009       2.06       2.06       (1.10     35  

I

    39.98       (0.03     (2.61     (2.64     (0.64     (4.55     (5.19     32.15       (7.86     228,463       1.07       1.07       (0.09     35  

R3

    39.69       (0.22     (2.61     (2.83     (0.44     (4.55     (4.99     31.87       (8.38     43,993       1.62       1.62       (0.66     35  

R4

    41.01       (0.13     (2.69     (2.82     (0.54     (4.55     (5.09     33.10       (8.09     38,273       1.32       1.32       (0.36     35  

R5

    42.22       (0.02     (2.79     (2.81     (0.63     (4.55     (5.18     34.23       (7.82     5,342       1.03       1.03       (0.06     35  

Y

    42.54       0.02       (2.80     (2.78     (0.67     (4.55     (5.22     34.54       (7.72     51,125       0.92       0.92       0.05       35  

 

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

 

 

  96  

 


Hartford Domestic Equity Funds

Financial Highlights – (continued)

 

 

 

    — Selected Per-Share Data(1)     — Ratios and Supplemental Data —  

Class

  Net Asset
Value at
Beginning
of Period
    Net
Investment
Income
(Loss)
    Net
Realized
and
Unrealized
Gain (Loss)
on
Investments
    Total from
Investment
Operations
    Dividends
from Net
Investment
Income
    Distributions
from
Capital
Gains
    Total
Dividends
and
Distributions
    Net
Asset
Value at
End of
Period
    Total
Return(2)
    Net
Assets at
End of
Period
(000s)
    Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3)
    Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3)
    Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets
    Portfolio
Turnover
 
The Hartford MidCap Fund  

For the Year Ended October 31, 2020

 

A

  $   30.34     $   (0.08   $   2.00     $   1.92     $   —     $   (1.63   $   (1.63   $   30.63       6.48   $   2,724,316       1.11     1.11     (0.27 )%      45

C

    20.83       (0.20     1.34       1.14             (1.63     (1.63     20.34       5.63       380,033       1.87       1.87       (1.02     45  

I

    31.43       (0.01     2.08       2.07             (1.63     (1.63     31.87       6.74       3,867,925       0.88       0.87       (0.04     45  

R3

    33.98       (0.21     2.24       2.03             (1.63     (1.63     34.38       6.09       92,023       1.47       1.47       (0.63     45  

R4

    35.57       (0.10     2.34       2.24             (1.63     (1.63     36.18       6.42       205,114       1.16       1.14       (0.30     45  

R5

    36.77       0.00 (12)      2.44       2.44             (1.63     (1.63     37.58       6.77       371,791       0.85       0.85       0.00 (20)      45  

R6

    37.22       0.03       2.47       2.50             (1.63     (1.63     38.09       6.85       1,759,581       0.75       0.75       0.08       45  

Y

    37.17       0.02       2.46       2.48             (1.63     (1.63     38.02       6.81       1,144,624       0.85       0.79       0.06       45  

F

    31.52       0.03       2.08       2.11             (1.63     (1.63     32.00       6.85       2,422,752       0.75       0.75       0.09       45  

For the Year Ended October 31, 2019

 

A

  $ 30.03     $ (0.09   $ 3.80     $ 3.71     $     $ (3.40   $ (3.40   $ 30.34       14.93   $ 2,820,971       1.11     1.10     (0.32 )%      31

C

    21.90       (0.22     2.55       2.33             (3.40     (3.40     20.83       14.10       498,057       1.86       1.86       (1.08     31  

I

    30.91       (0.02     3.94       3.92             (3.40     (3.40     31.43       15.25       4,168,592       0.85       0.85       (0.06     31  

R3

    33.31       (0.22     4.29       4.07             (3.40     (3.40     33.98       14.54       96,409       1.45       1.45       (0.67     31  

R4

    34.59       (0.12     4.50       4.38             (3.40     (3.40     35.57       14.89       266,390       1.16       1.14       (0.36     31  

R5

    35.55       (0.02     4.64       4.62             (3.40     (3.40     36.77       15.23       497,712       0.84       0.84       (0.07     31  

R6

    35.90       0.02       4.70       4.72             (3.40     (3.40     37.22       15.37       1,731,890       0.74       0.74       0.04       31  

Y

    35.87       0.00 (12)      4.70       4.70             (3.40     (3.40     37.17       15.32       1,571,851       0.82       0.78       0.01       31  

F

    30.96       0.01       3.95       3.96             (3.40     (3.40     31.52       15.36       2,259,594       0.74       0.74       0.04       31  

For the Year Ended October 31, 2018

 

A

  $ 30.36     $ (0.12   $ 1.20     $ 1.08     $     $ (1.41   $ (1.41   $ 30.03       3.63   $ 2,592,610       1.11     1.10     (0.39 )%      37

C

    22.67       (0.27     0.91       0.64             (1.41     (1.41     21.90       2.84       580,708       1.85       1.85       (1.14     37  

I

    31.12       (0.03     1.23       1.20             (1.41     (1.41     30.91       3.91       3,666,464       0.82       0.82       (0.11     37  

R3

    33.64       (0.26     1.34       1.08             (1.41     (1.41     33.31       3.23       102,632       1.46       1.46       (0.75     37  

R4

    34.78       (0.16     1.38       1.22             (1.41     (1.41     34.59       3.57       289,049       1.16       1.15       (0.43     37  

R5

    35.59       (0.05     1.42       1.37             (1.41     (1.41     35.55       3.89       468,146       0.85       0.85       (0.13     37  

R6

    35.90       (0.01     1.42       1.41             (1.41     (1.41     35.90       3.97       1,014,518       0.75       0.75       (0.04     37  

Y

    35.88       (0.02     1.42       1.40             (1.41     (1.41     35.87       3.95       1,934,520       0.78       0.78       (0.06     37  

F

    31.15       (0.01     1.23       1.22             (1.41     (1.41     30.96       3.97       1,648,425       0.75       0.75       (0.03     37  

For the Year Ended October 31, 2017

 

A

  $ 24.25     $ (0.11   $ 7.00     $ 6.89     $     $ (0.78   $ (0.78   $ 30.36       29.02   $ 2,482,275       1.13     1.12     (0.38 )%      30

C

    18.42       (0.23     5.26       5.03             (0.78     (0.78     22.67       28.07       717,521       1.87       1.87       (1.12     30  

I

    24.79       (0.05     7.16       7.11             (0.78     (0.78     31.12       29.28       2,996,705       1.02       0.89       (0.17     30  

R3

    26.88       (0.22     7.76       7.54             (0.78     (0.78     33.64       28.59       90,582       1.47       1.47       (0.73     30  

R4

    27.69       (0.14     8.01       7.87             (0.78     (0.78     34.78       28.95       263,236       1.16       1.16       (0.43     30  

R5

    28.24       (0.04     8.17       8.13             (0.78     (0.78     35.59       29.32       356,166       0.86       0.86       (0.14     30  

R6

    28.45       (0.05     8.28       8.23             (0.78     (0.78     35.90       29.45       431,183       0.76       0.76       (0.14     30  

Y

    28.44       (0.01     8.23       8.22             (0.78     (0.78     35.88       29.43       1,847,676       0.78       0.78       (0.04     30  

F(5)

    27.52       (0.03     3.66       3.63                         31.15       13.19 (6)      1,244,732       0.76 (7)      0.76 (7)      (0.15 )(7)      30  

For the Year Ended October 31, 2016

 

A

  $ 26.47     $ (0.07   $ (0.22   $ (0.29   $     $ (1.93   $ (1.93   $ 24.25       (0.79 )%    $ 2,041,826       1.17     1.17     (0.29 )%      31

B

    20.13       (0.21     (0.19     (0.40           (1.93     (1.93     17.80       (1.66     16,842       2.06       2.06       (1.16     31  

C

    20.73       (0.18     (0.20     (0.38           (1.93     (1.93     18.42       (1.50     611,311       1.89       1.89       (1.01     31  

I

    26.96       (0.04     (0.20     (0.24           (1.93     (1.93     24.79       (0.57     1,725,700       1.02       1.02       (0.18     31  

R3

    29.20       (0.16     (0.23     (0.39           (1.93     (1.93     26.88       (1.07     71,711       1.48       1.48       (0.59     31  

R4

    29.93       (0.08     (0.23     (0.31           (1.93     (1.93     27.69       (0.76     165,137       1.18       1.18       (0.30     31  

R5

    30.39             (0.22     (0.22           (1.93     (1.93     28.24       (0.47     193,533       0.87       0.87             31  

R6

    30.58             (0.20     (0.20           (1.93     (1.93     28.45       (0.36     26,352       0.77       0.77       0.01       31  

Y

    30.57       0.03       (0.23     (0.20           (1.93     (1.93     28.44       (0.36     1,490,965       0.77       0.77       0.10       31  

 

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

 

 

  97  

 


Hartford Domestic Equity Funds

Financial Highlights – (continued)

 

 

 

    — Selected Per-Share Data(1)     — Ratios and Supplemental Data —  

Class

  Net Asset
Value at
Beginning
of Period
    Net
Investment
Income
(Loss)
    Net
Realized
and
Unrealized
Gain (Loss)
on
Investments
    Total from
Investment
Operations
    Dividends
from Net
Investment
Income
    Distributions
from
Capital
Gains
    Total
Dividends
and
Distributions
    Net
Asset
Value at
End of
Period
    Total
Return(2)
    Net
Assets at
End of
Period
(000s)
    Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3)
    Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3)
    Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets
    Portfolio
Turnover
 
The Hartford MidCap Value Fund  

For the Year Ended October 31, 2020

 

A

  $   14.43     $   0.07     $   (1.86   $   (1.79   $   (0.09   $   (0.34   $   (0.43   $   12.21       (12.86 )%    $   245,112       1.25     1.25     0.56     61

C

    11.51       (0.02     (1.49     (1.51     (0.00 )(12)      (0.34     (0.34     9.66       (13.55     9,533       2.03       2.03       (0.20     61  

I

    14.60       0.12       (1.88     (1.76     (0.14     (0.34     (0.48     12.36       (12.58     19,722       0.91       0.91       0.91       61  

R3

    15.22       0.04       (1.98     (1.94     (0.03     (0.34     (0.37     12.91       (13.12     5,317       1.53       1.53       0.30       61  

R4

    15.58       0.08       (2.02     (1.94     (0.09     (0.34     (0.43     13.21       (12.88     8,857       1.23       1.23       0.58       61  

R5

    15.82       0.12       (2.04     (1.92     (0.12     (0.34     (0.46     13.44       (12.60     1,423       0.92       0.92       0.88       61  

Y

    15.87       0.13       (2.05     (1.92     (0.14     (0.34     (0.48     13.47       (12.55     10,009       0.92       0.88       0.93       61  

F

    14.60       0.13       (1.88     (1.75     (0.15     (0.34     (0.49     12.36       (12.51     299,805       0.82       0.82       0.98       61  

For the Year Ended October 31, 2019

 

A

  $ 14.54     $ 0.08     $ 1.44     $ 1.52     $ (0.04   $ (1.59   $ (1.63   $ 14.43       12.74   $ 309,996       1.23     1.23     0.61     55

C

    11.97       (0.02     1.15       1.13             (1.59     (1.59     11.51       11.99       15,910       1.99       1.99       (0.14     55  

I

    14.68       0.13       1.46       1.59       (0.08     (1.59     (1.67     14.60       13.20       31,173       0.89       0.89       0.95       55  

R3

    15.23       0.05       1.53       1.58             (1.59     (1.59     15.22       12.42       8,034       1.52       1.52       0.33       55  

R4

    15.55       0.09       1.57       1.66       (0.04     (1.59     (1.63     15.58       12.77       11,865       1.21       1.21       0.64       55  

R5

    15.76       0.16       1.57       1.73       (0.08     (1.59     (1.67     15.82       13.14       1,592       0.92       0.92       1.06       55  

Y

    15.80       0.15       1.60       1.75       (0.09     (1.59     (1.68     15.87       13.23       12,624       0.89       0.85       0.98       55  

F

    14.69       0.14       1.46       1.60       (0.10     (1.59     (1.69     14.60       13.27       314,566       0.80       0.80       1.03       55  

For the Year Ended October 31, 2018

 

A

  $ 15.62     $ 0.03     $ (0.72   $ (0.69   $     $ (0.39   $ (0.39   $ 14.54       (4.56 )%    $ 284,646       1.22     1.22     0.18     49

C

    13.03       (0.07     (0.60     (0.67           (0.39     (0.39     11.97       (5.26     17,909       1.98       1.97       (0.57     49  

I

    15.72       0.08       (0.73     (0.65           (0.39     (0.39     14.68       (4.27     34,656       0.90       0.90       0.50       49  

R3

    16.39       (0.02     (0.75     (0.77           (0.39     (0.39     15.23       (4.84     9,555       1.52       1.52       (0.13     49  

R4

    16.68       0.03       (0.77     (0.74           (0.39     (0.39     15.55       (4.52     11,639       1.22       1.22       0.18       49  

R5

    16.88       0.08       (0.78     (0.70     (0.03     (0.39     (0.42     15.76       (4.32     8,087       0.91       0.91       0.48       49  

Y

    16.93       0.09       (0.79     (0.70     (0.04     (0.39     (0.43     15.80       (4.23     11,371       0.86       0.86       0.52       49  

F

    15.76       0.10       (0.73     (0.63     (0.05     (0.39     (0.44     14.69       (4.18     252,917       0.80       0.80       0.61       49  

For the Year Ended October 31, 2017

 

A

  $ 13.98     $ 0.01     $ 2.65     $ 2.66     $     $ (1.02   $ (1.02   $ 15.62       19.67   $ 291,082       1.23     1.23     0.06     40

C

    11.90       (0.08     2.23       2.15             (1.02     (1.02     13.03       18.66       35,520       1.96       1.96       (0.67     40  

I

    14.09       0.03       2.67       2.70       (0.05     (1.02     (1.07     15.72       19.81       43,342       1.20       1.10       0.20       40  

R3

    14.67       (0.04     2.78       2.74             (1.02     (1.02     16.39       19.26       11,923       1.52       1.52       (0.23     40  

R4

    14.87       0.01       2.82       2.83             (1.02     (1.02     16.68       19.58       12,637       1.21       1.21       0.08       40  

R5

    15.03       0.06       2.86       2.92       (0.05     (1.02     (1.07     16.88       20.06       11,445       0.91       0.91       0.38       40  

Y

    15.07       0.08       2.86       2.94       (0.06     (1.02     (1.08     16.93       20.10       28,403       0.82       0.82       0.48       40  

F(5)

    14.97       0.05       0.74       0.79                         15.76       5.28 (6)      238,682       0.81 (7)      0.81 (7)      0.46 (7)      40  

For the Year Ended October 31, 2016

 

A

  $ 15.11     $ 0.03     $ (0.03  )$          $ (0.02   $ (1.11   $ (1.13   $ 13.98       0.18   $ 246,023       1.30     1.30 %(14)      0.18     56

B

    13.15       (0.07     (0.03     (0.10           (1.11     (1.11     11.94       (0.57     637       2.42       2.12 (14)      (0.63     56  

C

    13.09       (0.06     (0.02     (0.08           (1.11     (1.11     11.90       (0.42     35,965       2.02       2.02 (14)      (0.54     56  

I

    15.22       0.05       (0.01     0.04       (0.06     (1.11     (1.17     14.09       0.48       83,155       1.06       1.06 (14)      0.39       56  

R3

    15.82       (0.01     (0.03     (0.04           (1.11     (1.11     14.67       (0.07     11,396       1.56       1.56 (14)      (0.07     56  

R4

    15.99       0.03       (0.02     0.01       (0.02     (1.11     (1.13     14.87       0.30       13,448       1.25       1.25 (14)      0.23       56  

R5

    16.15       0.08       (0.03     0.05       (0.06     (1.11     (1.17     15.03       0.54       9,831       0.95       0.95 (14)      0.52       56  

Y

    16.19       0.09       (0.03     0.06       (0.07     (1.11     (1.18     15.07       0.63       79,990       0.85       0.85 (14)      0.63       56  

 

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

 

 

  98  

 


Hartford Domestic Equity Funds

Financial Highlights – (continued)

 

 

 

    — Selected Per-Share Data(1)     — Ratios and Supplemental Data —  

Class

  Net Asset
Value at
Beginning
of Period
    Net
Investment
Income
(Loss)
    Net
Realized
and
Unrealized
Gain (Loss)
on
Investments
    Total from
Investment
Operations
    Dividends
from Net
Investment
Income
    Distributions
from
Capital
Gains
    Total
Dividends
and
Distributions
    Net
Asset
Value at
End of
Period
    Total
Return(2)
    Net
Assets at
End of
Period
(000s)
    Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3)
    Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3)
    Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets
    Portfolio
Turnover
 
Hartford Quality Value Fund  

For the Year Ended October 31, 2020

 

A

  $   21.11     $   0.42     $   (1.85   $   (1.43   $   (0.48   $   (0.59   $   (1.07   $   18.61       (7.34 )%    $   140,154       1.03     0.91     2.19     26

C

    18.05       0.23       (1.59     (1.36     (0.32     (0.59     (0.91     15.78       (8.09     3,673       1.82       1.71       1.38       26  

I

    20.85       0.48       (1.82     (1.34     (0.55     (0.59     (1.14     18.37       (7.02     10,927       0.67       0.56       2.53       26  

R3

    21.45       0.38       (1.89     (1.51     (0.43     (0.59     (1.02     18.92       (7.56     855       1.29       1.16       1.91       26  

R4

    21.68       0.44       (1.91     (1.47     (0.49     (0.59     (1.08     19.13       (7.34     3,887       0.98       0.87       2.21       26  

R5

    21.87       0.50       (1.92     (1.42     (0.54     (0.59     (1.13     19.32       (7.05     220       0.69       0.58       2.53       26  

R6

    21.93       0.50       (1.89     (1.39     (0.57     (0.59     (1.16     19.38       (6.92     485       0.58       0.46       2.53       26  

Y

    21.91       0.51       (1.93     (1.42     (0.55     (0.59     (1.14     19.35       (7.05     382       0.68       0.57       2.53       26  

F

    20.83       0.50       (1.82     (1.32     (0.61     (0.59     (1.20     18.31       (6.94     8,975       0.58       0.46       2.64       26  

For the Year Ended October 31, 2019

 

A

  $ 20.00     $ 0.38     $ 1.99     $ 2.37     $ (0.28   $ (0.98   $ (1.26   $ 21.11       13.10   $ 169,771       1.00     0.90     1.95     23

C

    17.12       0.20       1.71       1.91             (0.98     (0.98     18.05       12.23       6,834       1.76       1.67       1.21       23  

I

    19.78       0.45       1.94       2.39       (0.34     (0.98     (1.32     20.85       13.49       12,796       0.65       0.56       2.30       23  

R3

    20.29       0.34       2.01       2.35       (0.21     (0.98     (1.19     21.45       12.78       1,240       1.27       1.16       1.69       23  

R4

    20.49       0.40       2.04       2.44       (0.27     (0.98     (1.25     21.68       13.17       6,014       0.95       0.86       1.99       23  

R5

    20.67       0.47       2.04       2.51       (0.33     (0.98     (1.31     21.87       13.46       230       0.67       0.58       2.33       23  

R6

    20.74       0.47       2.06       2.53       (0.36     (0.98     (1.34     21.93       13.57       34       0.56       0.46       2.26       23  

Y

    20.72       0.47       2.05       2.52       (0.35     (0.98     (1.33     21.91       13.50       622       0.64       0.55       2.29       23  

F

    19.77       0.48       1.92       2.40       (0.36     (0.98     (1.34     20.83       13.58       11,040       0.55       0.46       2.52       23  

For the Year Ended October 31, 2018

 

A

  $ 20.49     $ 0.31     $ 0.16     $ 0.47     $ (0.20   $ (0.76   $ (0.96   $ 20.00       2.25   $ 164,325       1.06     1.04     1.52     85

C

    17.67       0.14       0.15       0.29       (0.08     (0.76     (0.84     17.12       1.53       9,082       1.81       1.79       0.80       85  

I

    20.25       0.38       0.16       0.54       (0.25     (0.76     (1.01     19.78       2.60       12,974       0.71       0.69       1.87       85  

R3

    20.70       0.26       0.17       0.43       (0.08     (0.76     (0.84     20.29       2.03       1,075       1.34       1.30       1.26       85  

R4

    20.95       0.33       0.16       0.49       (0.19     (0.76     (0.95     20.49       2.29       6,014       1.04       1.01       1.55       85  

R5

    21.13       0.38       0.17       0.55       (0.25     (0.76     (1.01     20.67       2.57       504       0.74       0.72       1.76       85  

R6(15)

    20.99       0.28       (0.53 )(16)      (0.25                       20.74       (1.19 )(6)      10       0.61 (7)      0.59 (7)      1.95 (7)      85  

Y

    21.19       0.40       0.17       0.57       (0.28     (0.76     (1.04     20.72       2.65       601       0.68       0.66       1.90       85  

F

    20.26       0.39       0.17       0.56       (0.29     (0.76     (1.05     19.77       2.71       88,336       0.62       0.60       1.94       85  

For the Year Ended October 31, 2017

 

A

  $ 17.94     $ 0.19     $ 2.64     $ 2.83     $ (0.14   $ (0.14   $ (0.28   $ 20.49       15.89   $ 180,059       1.20     1.20     0.95     39

C

    15.52       0.04       2.28       2.32       (0.03     (0.14     (0.17     17.67       15.05       20,312       1.93       1.93       0.22       39  

I

    17.75       0.24       2.60       2.84       (0.20     (0.14     (0.34     20.25       16.19       15,561       0.94       0.94       1.22       39  

R3

    18.13       0.13       2.66       2.79       (0.08     (0.14     (0.22     20.70       15.48       1,448       1.54       1.53       0.63       39  

R4

    18.34       0.19       2.70       2.89       (0.14     (0.14     (0.28     20.95       15.87       7,550       1.20       1.20       0.96       39  

R5

    18.49       0.23       2.75       2.98       (0.20     (0.14     (0.34     21.13       16.25       480       0.91       0.91       1.17       39  

Y

    18.55       0.27       2.73       3.00       (0.22     (0.14     (0.36     21.19       16.32       1,052       0.83       0.83       1.31       39  

F(5)

    19.58       0.16       0.52       0.68                         20.26       3.47 (6)      12,030       0.80 (7)      0.80 (7)      1.17 (7)      39  

For the Year Ended October 31, 2016

 

A

  $ 18.66     $ 0.16     $ 0.57     $ 0.73     $ (0.21   $ (1.24   $ (1.45   $ 17.94       4.71   $ 187,475       1.25     1.25 %(17)      0.93     41

B

    16.45       0.02       0.48       0.50       (0.01     (1.24     (1.25     15.70       3.75       695       2.41       2.11 (17)      0.11       41  

C

    16.34       0.03       0.49       0.52       (0.10     (1.24     (1.34     15.52       3.93       22,223       1.97       1.97 (17)      0.21       41  

I

    18.47       0.21       0.57       0.78       (0.26     (1.24     (1.50     17.75       5.03       19,139       0.92       0.92 (17)      1.23       41  

R3

    18.83       0.11       0.58       0.69       (0.15     (1.24     (1.39     18.13       4.39       2,783       1.54       1.54 (17)      0.64       41  

R4

    19.03       0.17       0.59       0.76       (0.21     (1.24     (1.45     18.34       4.73       8,720       1.22       1.22 (17)      0.96       41  

R5

    19.19       0.22       0.59       0.81       (0.27     (1.24     (1.51     18.49       5.04       2,025       0.92       0.92 (17)      1.27       41  

Y

    19.24       0.26       0.58       0.84       (0.29     (1.24     (1.53     18.55       5.14       845       0.81       0.81 (17)      1.46       41  

 

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

 

 

  99  

 


Hartford Domestic Equity Funds

Financial Highlights – (continued)

 

 

 

    — Selected Per-Share Data(1)     — Ratios and Supplemental Data —  

Class

  Net Asset
Value at
Beginning
of Period
    Net
Investment
Income
(Loss)
    Net
Realized
and
Unrealized
Gain (Loss)
on
Investments
    Total from
Investment
Operations
    Dividends
from Net
Investment
Income
    Distributions
from
Capital
Gains
    Total
Dividends
and
Distributions
    Net
Asset
Value at
End of
Period
    Total
Return(2)
    Net
Assets at
End of
Period
(000s)
    Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3)
    Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3)
    Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets
    Portfolio
Turnover
 
The Hartford Small Cap Growth Fund  

For the Year Ended October 31, 2020

 

A

  $   45.71     $   (0.28   $   6.67     $   6.39     $   —     $ (0.75   $ (0.75   $ 51.35       14.06   $ 198,430       1.26     1.25     (0.60 )%      58

C

    30.90       (0.39     4.46       4.07             (0.75     (0.75     34.22       13.31       12,323       1.91       1.91       (1.25     58  

I

    48.05       (0.09     7.02       6.93             (0.75     (0.75     54.23       14.50       98,673       0.85       0.85       (0.19     58  

R3

    45.05       (0.38     6.55       6.17             (0.75     (0.75     50.47       13.80       7,485       1.49       1.49       (0.83     58  

R4

    47.69       (0.26     6.96       6.70             (0.75     (0.75     53.64       14.13       31,169       1.19       1.19       (0.52     58  

R5

    50.57       (0.12     7.40       7.28             (0.75     (0.75     57.10       14.47       71,754       0.89       0.89       (0.23     58  

R6

    51.36       (0.06     7.52       7.46             (0.75     (0.75     58.07       14.62       80,327       0.78       0.78       (0.12     58  

Y

    51.39       (0.08     7.51       7.43             (0.75     (0.75     58.07       14.58       255,484       0.88       0.81       (0.16     58  

F

    48.23       (0.06     7.06       7.00             (0.75     (0.75     54.48       14.62       44,376       0.78       0.78       (0.13     58  

For the Year Ended October 31, 2019

 

A

  $ 55.20     $ (0.21   $ 2.62     $ 2.41     $     $   (11.90   $   (11.90   $   45.71       8.99   $   195,314       1.24     1.24     (0.46 )%      48

C

    41.81       (0.34     1.33       0.99             (11.90     (11.90     30.90       8.27       15,722       1.89       1.89       (1.11     48  

I

    57.17       (0.02     2.80       2.78             (11.90     (11.90     48.05       9.41       191,482       0.83       0.83       (0.05     48  

R3

    54.70       (0.31     2.56       2.25             (11.90     (11.90     45.05       8.72       10,036       1.47       1.47       (0.69     48  

R4

    56.99       (0.18     2.78       2.60             (11.90     (11.90     47.69       9.05       42,296       1.17       1.17       (0.39     48  

R5

    59.48       (0.03     3.02       2.99             (11.90     (11.90     50.57       9.40       82,624       0.85       0.85       (0.07     48  

R6

    60.16       0.00 (12)      3.10       3.10             (11.90     (11.90     51.36       9.49       66,260       0.76       0.76       0.01       48  

Y

    60.20       (0.01     3.10       3.09             (11.90     (11.90     51.39       9.44       365,867       0.82       0.80       (0.01     48  

F

    57.30       0.01       2.82       2.83             (11.90     (11.90     48.23       9.49       46,533       0.76       0.76       0.02       48  

For the Year Ended October 31, 2018

 

A

  $ 57.24     $ (0.33   $ 1.03     $ 0.70     $     $ (2.74   $ (2.74   $ 55.20       1.20   $ 203,297       1.21     1.20     (0.56 )%      66

C

    44.29       (0.55     0.81       0.26             (2.74     (2.74     41.81       0.53       23,212       1.88       1.88       (1.22     66  

I

    58.97       (0.10     1.04       0.94             (2.74     (2.74     57.17       1.59       243,340       0.82       0.82       (0.16     66  

R3

    56.89       (0.48     1.03       0.55             (2.74     (2.74     54.70       0.94       13,210       1.47       1.47       (0.82     66  

R4

    58.98       (0.31     1.06       0.75             (2.74     (2.74     56.99       1.26       69,097       1.15       1.15       (0.50     66  

R5

    61.26       (0.12     1.08       0.96             (2.74     (2.74     59.48       1.56       94,887       0.85       0.85       (0.20     66  

R6

    61.87       (0.09     1.12       1.03             (2.74     (2.74     60.16       1.66       44,278       0.75       0.75       (0.14     66  

Y

    61.93       (0.09     1.10       1.01             (2.74     (2.74     60.20       1.63       358,049       0.79       0.79       (0.14     66  

F

    59.06       (0.06     1.04       0.98             (2.74     (2.74     57.30       1.66       47,999       0.75       0.75       (0.10     66  

For the Year Ended October 31, 2017

 

A

  $ 44.55     $ (0.25   $   13.25     $   13.00     $     $ (0.31   $ (0.31   $ 57.24       29.28   $ 215,743       1.17     1.16     (0.48 )%      56

C

    34.78       (0.48     10.30       9.82             (0.31     (0.31     44.29       28.36       36,531       1.89       1.88       (1.19     56  

I

    45.79       (0.18     13.67       13.49             (0.31     (0.31     58.97       29.56       429,401       1.03       0.95       (0.33     56  

R3

    44.42       (0.41     13.19       12.78             (0.31     (0.31     56.89       28.87       14,427       1.48       1.48       (0.79     56  

R4

    45.90       (0.26     13.65       13.39             (0.31     (0.31     58.98       29.27       76,315       1.16       1.16       (0.48     56  

R5

    47.52       (0.10     14.15       14.05             (0.31     (0.31     61.26       29.67       118,794       0.86       0.86       (0.17     56  

R6

    47.94       (0.06     14.30       14.24             (0.31     (0.31     61.87       29.80       10,596       0.76       0.76       (0.11     56  

Y

    48.00       (0.05     14.29       14.24             (0.31     (0.31     61.93       29.76       370,006       0.78       0.78       (0.09     56  

F(5)

    52.62       (0.09     6.53       6.44                         59.06       12.24 (6)      47,409       0.75 (7)      0.75 (7)      (0.24 )(7)      56  

For the Year Ended October 31, 2016

 

A

  $ 48.56     $ (0.19   $ 0.11 (16)    $ (0.08   $     $ (3.93   $ (3.93   $ 44.55       0.02   $ 197,738       1.25     1.25     (0.44 )%      45

B

    39.35       (0.43     0.05 (16)      (0.38           (3.93     (3.93     35.04       (0.84     606       2.35       2.09       (1.23     45  

C

    39.03       (0.39     0.07 (16)      (0.32           (3.93     (3.93     34.78       (0.65     37,807       1.94       1.94       (1.13     45  

I

    49.68       (0.07     0.11 (16)      0.04             (3.93     (3.93     45.79       0.28       137,606       0.99       0.99       (0.16     45  

R3

    48.54       (0.30     0.11 (16)      (0.19           (3.93     (3.93     44.42       (0.24     12,708       1.51       1.51       (0.70     45  

R4

    49.87       (0.18     0.14 (16)      (0.04           (3.93     (3.93     45.90       0.09       66,273       1.19       1.19       (0.39     45  

R5

    51.35       (0.04     0.14 (16)      0.10             (3.93     (3.93     47.52       0.40       102,166       0.89       0.89       (0.09     45  

R6

    51.73       (0.04     0.18 (16)      0.14             (3.93     (3.93     47.94       0.46       4,072       0.79       0.79       (0.09     45  

Y

    51.78       0.01       0.14 (16)      0.15             (3.93     (3.93     48.00       0.50       290,401       0.79       0.79       0.01       45  

 

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

 

 

  100  

 


Hartford Domestic Equity Funds

Financial Highlights – (continued)

 

 

 

    — Selected Per-Share Data(1)     — Ratios and Supplemental Data —  

Class

  Net Asset
Value at
Beginning
of Period
    Net
Investment
Income
(Loss)
    Net
Realized
and
Unrealized
Gain (Loss)
on
Investments
    Total from
Investment
Operations
    Dividends
from Net
Investment
Income
    Distributions
from
Capital
Gains
    Total
Dividends
and
Distributions
    Net
Asset
Value at
End of
Period
    Total
Return(2)
    Net
Assets at
End of
Period
(000s)
    Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3)
    Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3)
    Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets
    Portfolio
Turnover
 
Hartford Small Cap Value Fund  

For the Year Ended October 31, 2020

 

A

  $ 10.35     $   0.09     $   (1.49   $   (1.40   $   (0.08   $   (0.58   $   (0.66   $ 8.29       (14.57 )%    $ 32,996       1.41     1.29     1.04     62

C

    8.96       0.02       (1.28     (1.26     (0.00 )(12)      (0.58     (0.58     7.12       (15.15     2,020       2.15       2.04       0.29       62  

I

    10.37       0.12       (1.48     (1.36     (0.12     (0.58     (0.70     8.31       (14.22     2,915       1.04       0.93       1.43       62  

R3

    10.73       0.08       (1.54     (1.46     (0.07     (0.58     (0.65     8.62       (14.62     457       1.63       1.42       0.92       62  

R4

    10.89       0.10       (1.56     (1.46     (0.09     (0.58     (0.67     8.76       (14.46     30       1.33       1.20       1.10       62  

R5

    10.87       0.13       (1.56     (1.43     (0.12     (0.58     (0.70     8.74       (14.21     10       1.03       0.90       1.51       62  

R6

    10.87       0.12       (1.54     (1.42     (0.13     (0.58     (0.71     8.74       (14.17     240       0.92       0.80       1.42       62  

Y

    10.86       0.13       (1.55     (1.42     (0.13     (0.58     (0.71     8.73       (14.18     250       1.02       0.85       1.50       62  

F

    10.38       0.13       (1.49     (1.36     (0.13     (0.58     (0.71     8.31       (14.22     40,447       0.91       0.80       1.53       62  

For the Year Ended October 31, 2019

 

A

  $   13.65     $ 0.10     $ (0.04   $ 0.06     $ (0.03   $ (3.33   $ (3.36   $   10.35       3.46   $ 47,037       1.37     1.27     0.98     140

C

    12.35       0.02       (0.08     (0.06           (3.33     (3.33     8.96       2.60       3,719       2.14       2.04       0.26       140  

I

    13.68       0.14       (0.05     0.09       (0.07     (3.33     (3.40     10.37       3.77       4,354       1.00       0.90       1.34       140  

R3

    14.02       0.09       (0.03     0.06       (0.02     (3.33     (3.35     10.73       3.31       609       1.62       1.42       0.82       140  

R4

    14.16       0.11       (0.03     0.08       (0.02     (3.33     (3.35     10.89       3.52       69       1.31       1.20       1.01       140  

R5

    14.16       0.16       (0.05     0.11       (0.07     (3.33     (3.40     10.87       3.82       11       1.01       0.90       1.44       140  

R6

    14.15       0.15       (0.02     0.13       (0.08     (3.33     (3.41     10.87       3.99       103       0.89       0.80       1.39       140  

Y

    14.15       0.16       (0.04     0.12       (0.08     (3.33     (3.41     10.86       3.94       572       0.97       0.85       1.43       140  

F

    13.68       0.15       (0.04     0.11       (0.08     (3.33     (3.41     10.38       3.99       48,425       0.89       0.80       1.43       140  

For the Year Ended October 31, 2018

 

A

  $ 14.13     $ 0.04     $ 0.10     $ 0.14     $ (0.02   $ (0.60   $ (0.62   $ 13.65       1.00   $ 52,406       1.35     1.29     0.28     68

C

    12.91       (0.06     0.10       0.04             (0.60     (0.60     12.35       0.27       6,444       2.13       2.04       (0.44     68  

I

    14.15       0.09       0.10       0.19       (0.06     (0.60     (0.66     13.68       1.33       3,756       1.02       0.95       0.62       68  

R3

    14.50       0.03       0.09       0.12             (0.60     (0.60     14.02       0.82       529       1.62       1.43       0.18       68  

R4

    14.61       0.06       0.10       0.16       (0.01     (0.60     (0.61     14.16       1.07       48       1.32       1.20       0.41       68  

R5

    14.63       0.10       0.10       0.20       (0.07     (0.60     (0.67     14.16       1.39       36       1.02       0.90       0.71       68  

R6(15)

    13.99       0.05       0.11       0.16                         14.15       1.14 (6)      10       0.91 (7)      0.84 (7)      0.47 (7)      68  

Y

    14.66       0.11       0.10       0.21       (0.12     (0.60     (0.72     14.15       1.42       646       0.96       0.85       0.74       68  

F

    14.16       0.11       0.09       0.20       (0.08     (0.60     (0.68     13.68       1.42       38,087       0.90       0.84       0.80       68  

For the Year Ended October 31, 2017

 

A

  $ 11.56     $ 0.04     $ 2.63     $ 2.67     $ (0.10   $     $ (0.10   $ 14.13       23.19   $ 53,057       1.28     1.27     0.32     83

C

    10.58       (0.05     2.40       2.35       (0.02           (0.02     12.91       22.24       11,081       2.03       2.01       (0.41     83  

I

    11.58       0.08       2.63       2.71       (0.14           (0.14     14.15       23.53       3,225       1.01       1.00       0.60       83  

R3

    11.87       0.01       2.69       2.70       (0.07           (0.07     14.50       22.79       723       1.63       1.50       0.09       83  

R4

    11.94       0.05       2.70       2.75       (0.08           (0.08     14.61       23.11       113       1.36       1.20       0.36       83  

R5

    11.96       0.10       2.71       2.81       (0.14           (0.14     14.63       23.63       44       1.01       0.90       0.74       83  

Y

    12.00       0.11       2.71       2.82       (0.16           (0.16     14.66       23.58       1,242       0.86       0.85       0.78       83  

F(5)

    13.22       0.05       0.89       0.94                         14.16       7.11 (6)      86,675       0.88 (7)      0.85 (7)      0.52 (7)      83  

For the Year Ended October 31, 2016

 

A

  $ 12.35     $ 0.10     $ (0.15 )(16)    $ (0.05   $ (0.02   $ (0.72   $ (0.74   $ 11.56       (0.22 )%    $ 46,270       1.35     1.31 %(18)      0.85     94

B

    11.58       0.01       (0.14 )(16)      (0.13           (0.72     (0.72     10.73       (0.93     798       2.25       2.06 (18)      0.10       94  

C

    11.43       0.01       (0.14 )(16)      (0.13           (0.72     (0.72     10.58       (0.94     10,410       2.08       2.06 (18)      0.11       94  

I

    12.38       0.13       (0.15 )(16)      (0.02     (0.06     (0.72     (0.78     11.58       0.05       2,582       1.01       1.00 (18)      1.17       94  

R3

    12.67       0.08       (0.16 )(16)      (0.08           (0.72     (0.72     11.87       (0.43     734       1.61       1.51 (18)      0.65       94  

R4

    12.72       0.11       (0.15 )(16)      (0.04     (0.02     (0.72     (0.74     11.94       (0.09     267       1.30       1.21 (18)      0.96       94  

R5

    12.78       0.13       (0.14 )(16)      (0.01     (0.09     (0.72     (0.81     11.96       0.16       44       1.00       0.91 (18)      1.08       94  

Y

    12.77       0.16       (0.15 )(16)      0.01       (0.06     (0.72     (0.78     12.00       0.31         110,028       0.88       0.86 (18)      1.36       94  

 

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

 

 

  101  

 


Hartford Domestic Equity Funds

Financial Highlights – (continued)

 

 

 

    — Selected Per-Share Data(1)     — Ratios and Supplemental Data —  

Class

  Net Asset
Value at
Beginning
of Period
    Net
Investment
Income
(Loss)
    Net
Realized
and
Unrealized
Gain (Loss)
on
Investments
    Total from
Investment
Operations
    Dividends
from Net
Investment
Income
    Distributions
from
Capital
Gains
    Total
Dividends
and
Distributions
    Net
Asset
Value at
End of
Period
    Total
Return(2)
    Net
Assets at
End of
Period
(000s)
    Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3)
    Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3)
    Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets
    Portfolio
Turnover
 
The Hartford Small Company Fund  

For the Year Ended October 31, 2020

 

A

  $   20.35     $   (0.14   $   6.57     $   6.43     $   —     $   (1.28   $   (1.28   $   25.50       33.21   $   389,496       1.32     1.31     (0.66 )%      104

C

    13.30       (0.20     4.15       3.95             (1.28     (1.28     15.97       32.08       9,058       2.14       2.14       (1.50     104  

I

    21.65       (0.08     7.02       6.94             (1.28     (1.28     27.31       33.59       35,806       1.00       1.00       (0.35     104  

R3

    22.29       (0.21     7.22       7.01             (1.28     (1.28     28.02       32.91       14,013       1.61       1.55       (0.90     104  

R4

    23.88       (0.15     7.77       7.62             (1.28     (1.28     30.22       33.29       13,363       1.30       1.25       (0.60     104  

R5

    25.40       (0.08     8.29       8.21             (1.28     (1.28     32.33       33.64       3,936       1.01       0.95       (0.30     104  

R6

    25.97       (0.13     8.56       8.43             (1.28     (1.28     33.12       33.75       1,530       0.90       0.90       (0.42     104  

Y

    25.95       (0.08     8.48       8.40             (1.28     (1.28     33.07       33.65       19,956       0.96       0.95       (0.29     104  

F

    21.76       (0.06     7.07       7.01             (1.28     (1.28     27.49       33.75       243,057       0.90       0.90       (0.24     104  

For the Year Ended October 31, 2019

 

A

  $ 22.20     $ (0.13   $ 2.28     $ 2.15     $     $ (4.00   $ (4.00   $ 20.35       14.08   $ 311,742       1.33     1.32     (0.66 )%      91

C

    16.11       (0.19     1.38       1.19             (4.00     (4.00     13.30       13.24       9,929       2.14       2.13       (1.46     91  

I

    23.28       (0.08     2.45       2.37             (4.00     (4.00     21.65       14.48       26,939       1.04       1.03       (0.37     91  

R3

    23.95       (0.19     2.53       2.34             (4.00     (4.00     22.29       13.84       14,142       1.62       1.55       (0.89     91  

R4

    25.28       (0.14     2.74       2.60             (4.00     (4.00     23.88       14.20       14,261       1.32       1.25       (0.59     91  

R5

    26.53       (0.07     2.94       2.87             (4.00     (4.00     25.40       14.56       3,239       1.02       0.95       (0.29     91  

R6

    27.02       (0.06     3.01       2.95             (4.00     (4.00     25.97       14.60       206       0.90       0.90       (0.23     91  

Y

    27.01       (0.06     3.00       2.94             (4.00     (4.00     25.95       14.56       32,472       0.94       0.93       (0.26     91  

F

    23.35       (0.05     2.46       2.41             (4.00     (4.00     21.76       14.63       193,242       0.90       0.90       (0.23     91  

For the Year Ended October 31, 2018

 

A

  $ 20.34     $ (0.20   $ 2.06     $ 1.86     $     $     $     $ 22.20       9.20   $ 283,912       1.34     1.33     (0.87 )%      104

C

    14.87       (0.27     1.51       1.24                         16.11       8.34       11,729       2.12       2.10       (1.64     104  

I

    21.27       (0.14     2.15       2.01                         23.28       9.45       28,540       1.07       1.05       (0.60     104  

R3

    21.98       (0.27     2.24       1.97                         23.95       8.92       16,386       1.63       1.55       (1.09     104  

R4

    23.14       (0.20     2.34       2.14                         25.28       9.25       15,295       1.32       1.25       (0.79     104  

R5

    24.21       (0.14     2.46       2.32                         26.53       9.58       2,678       1.03       0.95       (0.51     104  

R6

    24.64       (0.12     2.50       2.38                         27.02       9.66       144       0.91       0.90       (0.42     104  

Y

    24.64       (0.12     2.49       2.37                         27.01       9.66       35,351       0.92       0.90       (0.44     104  

F

    21.30       (0.11     2.16       2.05                         23.35       9.63       115,365       0.91       0.90       (0.45     104  

For the Year Ended October 31, 2017

 

A

  $ 15.74     $ (0.12   $ 4.72     $ 4.60     $     $     $     $ 20.34       29.16   $ 252,187       1.39     1.37     (0.64 )%      109

C

    11.60       (0.19     3.46       3.27                         14.87       28.19       26,529       2.12       2.10       (1.40     109  

I

    16.43       (0.10     4.94       4.84                         21.27       29.40       28,052       1.49       1.15       (0.51     109  

R3

    17.05       (0.17     5.10       4.93                         21.98       28.91       23,932       1.63       1.55       (0.84     109  

R4

    17.89       (0.11     5.36       5.25                         23.14       29.29       23,080       1.32       1.25       (0.53     109  

R5

    18.67       (0.04     5.58       5.54                         24.21       29.67       3,263       1.06       0.95       (0.20     109  

R6

    18.99       (0.09     5.74       5.65                         24.64       29.75       78       1.07       0.90       (0.38     109  

Y

    18.99       (0.02     5.67       5.65                         24.64       29.70       33,040       0.94       0.90       (0.08     109  

F(5)

    18.76       (0.05     2.59       2.54                         21.30       13.49 (6)      81,831       0.92 (7)      0.90 (7)      (0.38 )(7)      109  

For the Year Ended October 31, 2016

 

A

  $ 19.36     $ (0.14   $ (0.90   $ (1.04   $   —     $ (2.58   $ (2.58   $ 15.74       (5.73 )%    $ 262,618       1.45     1.43 %(19)      (0.87 )%      81

B

    15.08       (0.19     (0.69     (0.88           (2.58     (2.58     11.62       (6.40     862       2.46       2.17 (19)      (1.59     81  

C

    15.06       (0.19     (0.69     (0.88           (2.58     (2.58     11.60       (6.41     25,586       2.14       2.14 (19)      (1.58     81  

I

    20.04       (0.10     (0.93     (1.03           (2.58     (2.58     16.43       (5.45     41,881       1.24       1.18 (19)      (0.61     81  

R3

    20.77       (0.18     (0.96     (1.14           (2.58     (2.58     17.05       (5.83     29,662       1.62       1.58 (19)      (1.02     81  

R4

    21.61       (0.13     (1.01     (1.14           (2.58     (2.58     17.89       (5.58     27,834       1.31       1.28 (19)      (0.71     81  

R5

    22.37       (0.07     (1.05     (1.12           (2.58     (2.58     18.67       (5.27     5,283       1.00       0.97 (19)      (0.37     81  

R6

    22.69       (0.06     (1.06     (1.12           (2.58     (2.58     18.99       (5.18     9       0.90       0.90 (19)      (0.34     81  

Y

    22.69       (0.06     (1.06     (1.12           (2.58     (2.58     18.99       (5.18     98,620       0.90       0.90 (19)      (0.33     81  

 

(1) 

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

 

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

 

 

  102  

 


Hartford Domestic Equity Funds

Financial Highlights – (continued)

 

 

 

(2) 

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

(3) 

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

(4) 

Includes interest expense representing less than 0.005%.

(5) 

Commenced operations on February 28, 2017.

(6) 

Not annualized.

(7) 

Annualized.

(8) 

Excluding the expenses not subject to cap, the ratios would have been 1.09%, 1.98%, 1.81%, 0.79%, 1.40%, 1.10%, 0.80%, 0.70% and 0.70% for Class A, Class B, Class C, Class I, Class R3, Class R4, Class R5, Class R6 and Class Y, respectively.

(9)

Excluding the expenses not subject to cap, the ratios would have been 0.79%, 1.54%, 1.54%, 0.54%, 1.09%, 0.79%, 0.49%, 0.42% and 0.42% for Class A, Class B, Class C, Class I, Class R3, Class R4, Class R5, Class R6 and Class Y, respectively.

(10) 

Excluding the expenses not subject to cap, the ratios would have been 1.02%, 1.95%, 1.76%, 0.82%, 1.35%, 1.05%, 0.75%, 0.65% and 0.65% for Class A, Class B, Class C, Class I, Class R3, Class R4, Class R5, Class R6 and Class Y, respectively.

(11) 

Excluding the expenses not subject to cap, the ratios would have been 1.12%, 2.04%, 1.87%, 0.91%, 1.45%, 1.15%, 0.85%, 0.75% and 0.76% for Class A, Class B, Class C, Class I, Class R3, Class R4, Class R5, Class R6 and Class Y, respectively.

(12) 

Amount is less than $0.01 per share.

(13) 

Commenced operations on February 28, 2019.

(14) 

Excluding the expenses not subject to cap, the ratios would have been 1.28%, 2.10%, 2.00%, 1.04%, 1.54%, 1.23%, 0.93% and 0.83% for Class A, Class B, Class C, Class I, Class R3, Class R4, Class R5 and Class Y, respectively.

(15) 

Commenced operations on February 28, 2018.

(16) 

Per share amount was not in accord with the net realized and unrealized gain (loss) for the period because of the timing of transactions in shares of the Fund and the amount and timing of per-share net realized and unrealized gain (loss) on such shares.

(17) 

Excluding the expenses not subject to cap, the ratios would have been 1.23%, 2.09%, 1.95%, 0.90%, 1.52%, 1.20%, 0.90% and 0.79% for Class A, Class B, Class C, Class I, Class R3, Class R4, Class R5 and Class Y, respectively.

(18)

Excluding the expenses not subject to cap, the ratios would have been 1.30%, 2.05%, 2.05%, 0.99%, 1.50%, 1.20%, 0.90% and 0.85% for Class A, Class B, Class C, Class I, Class R3, Class R4, Class R5 and Class Y, respectively.

(19) 

Excluding the expenses not subject to cap, the ratios would have been 1.40%, 2.15%, 2.11%, 1.15%, 1.55%, 1.25%, 0.95%, 0.88% and 0.88% for Class A, Class B, Class C, Class I, Class R3, Class R4, Class R5, Class R6 and Class Y, respectively.

(20) 

Amount is less than 0.01%.

 

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

 

 

  103  

 


Hartford Domestic Equity Funds

Notes to Financial Statements

October 31, 2020

 

 

 

1.

Organization:

The Hartford Mutual Funds, Inc. and The Hartford Mutual Funds II, Inc. (each, a “Company” and collectively, the “Companies”) are each an open-end registered management investment company comprised of thirty-six and fourteen series, respectively, as of October 31, 2020. Financial statements for the series of each Company listed below (each, a “Fund” and collectively, the “Funds”) are included in this report.

The Hartford Mutual Funds, Inc.:

The Hartford Capital Appreciation Fund (the “Capital Appreciation Fund”)

Hartford Core Equity Fund (the “Core Equity Fund”)

The Hartford Dividend and Growth Fund (the “Dividend and Growth Fund”)

The Hartford Equity Income Fund (the “Equity Income Fund”)

The Hartford Healthcare Fund (the “Healthcare Fund”)

The Hartford MidCap Fund (the “MidCap Fund”)

The Hartford MidCap Value Fund (the “MidCap Value Fund”)

Hartford Small Cap Value Fund (the “Small Cap Value Fund”)

The Hartford Small Company Fund (the “Small Company Fund”)

The Hartford Mutual Funds II, Inc.:

The Hartford Growth Opportunities Fund (the “Growth Opportunities Fund”)

Hartford Quality Value Fund (the “Quality Value Fund”)

The Hartford Small Cap Growth Fund (the “Small Cap Growth Fund”)

The assets of each Fund are separate, and a shareholder’s interest is limited to the Fund in which shares are held. Each Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (the “SEC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). Each Fund is a diversified open-end management investment company. Each Fund applies specialized accounting and reporting standards under Accounting Standards Codification Topic 946, “Financial Services – Investment Companies”.

Each Fund has registered for sale Class A, Class C, Class I, Class R3, Class R4, Class R5, Class Y and Class F shares. Core Equity Fund has registered for sale Class T shares. As of October 31, 2020, Class T shares have not commenced operations. Each Fund, except the MidCap Value Fund, has registered for sale Class R6 shares. Class A shares are sold with a front-end sales charge of up to 5.50%. Class T shares have a front-end sales charge of up to 2.50%. Class C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Effective October 1, 2018, Class C shares automatically convert to Class A shares of the same Fund after ten years provided that the Fund or the financial intermediary has records verifying that the Class C shares have been held for at least ten years. Classes I, R3, R4, R5, R6, Y and F shares do not have a sales charge.

 

2.

Significant Accounting Policies:

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

 

  a)

Determination of Net Asset Value – The net asset value (“NAV”) of each class of each Fund’s shares is determined as of the close of regular trading on the New York Stock Exchange (the “Exchange”) (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the Exchange is open (“Valuation Date”). If the Exchange is closed due to weather or other extraordinary circumstances on a day it would typically be open for business, each Fund may treat such day as a typical business day and accept purchase and redemption orders and calculate each Fund’s NAV in accordance with applicable law. The NAV for each class of shares of each Fund is determined by dividing the value of the Fund’s net assets attributable to a class of shares by the number of shares outstanding. Information that becomes known to the Funds after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day.

 

  b)

Investment Valuation and Fair Value Measurements For purposes of calculating the NAV of each class of each Fund, portfolio securities and other assets held in the Fund’s portfolio for which market prices are readily available are valued at market value. Market value is generally determined on the basis of official close price or last reported trade price. If no trades were reported, market value is based on prices obtained from a quotation reporting system, established market makers (including evaluated prices), or independent pricing services. Pricing vendors may use matrix pricing or valuation models that utilize certain inputs and assumptions to derive values, including transaction data, credit quality information, general market conditions, news, and other factors and assumptions.

 

 

  104  

 


Hartford Domestic Equity Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

If market prices are not readily available or are deemed unreliable, a Fund will use the fair value of the security or other instrument as determined in good faith under policies and procedures established by and under the supervision of the Board of Directors of the respective Company (the “Board of Directors”) (“Valuation Procedures”). Market prices are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or broker quotes), including where events occur after the close of the relevant market, but prior to the NYSE Close, that materially affect the values of a Fund’s portfolio holdings or assets. In addition, market prices are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the securities or other instruments trade do not open for trading for the entire day and no other market prices are available. Fair value pricing is subjective in nature and the use of fair value pricing by a Fund may cause the NAV of its shares to differ significantly from the NAV that would have been calculated using market prices at the close of the exchange on which a portfolio holding is primarily traded. There can be no assurance that a Fund could obtain the fair value assigned to an investment if the Fund were to sell the investment at approximately the time at which the Fund determines its NAV.

Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close. Securities and other instruments that are primarily traded on foreign markets may trade on days that are not business days of the Funds. The value of the foreign securities or other instruments in which a Fund invests may change on days when a shareholder will not be able to purchase, redeem or exchange of the Fund.

Fixed income investments (other than short-term obligations) held by a Fund are normally valued at prices supplied by independent pricing services in accordance with the Valuation Procedures. Short-term investments maturing in 60 days or less are generally valued at amortized cost.

Exchange-traded derivatives, such as options, futures and options on futures, are valued at the last sale price determined by the exchange where such instruments principally trade as of the close of such exchange (“Exchange Close”). If a last sale price is not available, the value will be the mean of the most recently quoted bid and ask prices as of the Exchange Close. If a mean of the bid and ask prices cannot be calculated for the day, the value will be the most recently quoted bid price as of the Exchange Close. Over-the-counter derivatives are normally valued based on prices supplied by independent pricing services in accordance with the Valuation Procedures.

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

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

Investments in open-end mutual funds, if any, are valued at the respective NAV of each open-end mutual fund on the Valuation Date. Shares of investment companies listed and traded on an exchange are valued in the same manner as any exchange-listed equity security. Such open-end mutual funds and listed investment companies may use fair value pricing as disclosed in their prospectuses.

Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with the Valuation Procedures.

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

 

   

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

   

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

 

 

  105  

 


Hartford Domestic Equity Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

   

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

The Board of Directors has delegated the day-to-day responsibility for implementing the Valuation Procedures to the Valuation Committee. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of such Fund’s sub-adviser(s), as applicable, knowledgeable brokers, and legal counsel in making such determination. The Valuation Committee reports to the Audit Committee of the Board of Directors.

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

For additional information, refer to the Fair Valuation Summary and the Level 3 roll-forward reconciliation, if applicable, which follows each Fund’s Schedule of Investments.

 

  c)

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

Dividend income from domestic securities is accrued on the ex-dividend date. In general, dividend income from foreign securities is recorded on the ex-date; however, dividend notifications in certain foreign jurisdictions may not be available in a timely manner and as a result, a Fund will record the dividend as soon as the relevant details (i.e., rate per share, payment date, shareholders of record, etc.) are publicly available.

Interest income, including amortization of premium, accretion of discounts and additional principal received in-kind in lieu of cash, is accrued on a daily basis.

Please refer to Note 8 for Securities Lending information.

 

  d)

Taxes – A Fund may be subject to taxes imposed on realized gains on securities of certain foreign countries in which such Fund invests. A Fund may also be subject to taxes withheld on foreign dividends from securities in which the Fund invests. The amount of any foreign taxes withheld and foreign tax expense is included on the accompanying Statements of Operations as a reduction to net investment income or net realized or unrealized gain on investments in these securities, if applicable.

 

  e)

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

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

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

 

  f)

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

 

  g)

Fund Share Valuation and Dividend Distributions to Shareholders – Orders for each class of each Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of each class of each Fund’s shares is determined as of the close of business on each business day of the Exchange (see Note 2(a)). The NAV is determined separately for each class of shares of a Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by a Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class of the Fund. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of each Fund.

 

 

  106  

 


Hartford Domestic Equity Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

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

Dividends are declared pursuant to a policy adopted by the respective Company’s Board of Directors. Dividends and/or distributions to shareholders are recorded on ex-date. The policy of each Fund, except Dividend and Growth Fund and Equity Income Fund, is to pay dividends from net investment income and realized gains, if any, at least once a year. The policy of Dividend and Growth Fund and Equity Income Fund is to pay dividends from net investment income, if any, quarterly and realized gains, if any, at least once a year.

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

 

3.

Securities and Other Investments:

 

  a)

Restricted Securities – Each Fund may invest in securities that are subject to legal or contractual restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are registered. Disposal of these securities may involve time-consuming negotiations and expense, and prompt sale at an acceptable price may be difficult. Information regarding restricted securities, if applicable, is included at the end of each Fund’s Schedule of Investments.

 

  b)

Repurchase Agreements – A repurchase agreement is an agreement between two parties whereby one party sells the other a security at a specified price with a commitment to repurchase the security later at an agreed-upon price, date and interest payment. Each Fund is permitted to enter into fully collateralized repurchase agreements. Each Company’s Board of Directors has delegated to the sub-adviser the responsibility of evaluating the creditworthiness of the banks and securities dealers with which the Funds will engage in repurchase agreements. The sub-adviser will monitor such transactions to ensure that the value of underlying collateral will be at least equal to the total amount of the repurchase obligation as required by the valuation provision of the repurchase agreement, including the accrued interest. Repurchase agreements carry the risk that the market value of the securities declines below the repurchase price. A Fund could also lose money if it is unable to recover the securities and the value of any collateral held or assets segregated by the Fund to cover the transaction is less than the value of the securities. In the event the borrower commences bankruptcy proceedings, a court may characterize the transaction as a loan. If a Fund has not perfected a security interest in the underlying collateral, the Fund may be required to return the underlying collateral to the borrower’s estate and be treated as an unsecured creditor. As an unsecured creditor, the Fund could lose some or all of the principal and interest involved in the transaction. See each Fund’s Schedule of Investments, if applicable, for repurchase agreements as of October 31, 2020.

 

4.

Financial Derivative Instruments:

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

 

  a)

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

During the year ended October 31, 2020, each of Capital Appreciation Fund and Core Equity Fund had used futures contracts.

 

 

  107  

 


Hartford Domestic Equity Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

  b)

Additional Derivative Instrument Information:

Capital Appreciation Fund

The Effect of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2020:

 

     Risk Exposure Category  
     Interest Rate
Contracts
     Foreign
Currency
Contracts
     Credit
Contracts
     Equity
Contracts
     Commodity
Contracts
     Other
Contracts
     Total  

Assets:

 

Liabilities:

 

Unrealized depreciation on futures contracts(1)

   $     —      $     —      $     —      $     2,106,396      $     —      $     —      $     2,106,396  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $      $      $      $ 2,106,396      $      $      $ 2,106,396  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

  (1) 

Amount represents the cumulative appreciation and depreciation on futures contracts as disclosed within the Schedule of Investments under the open “Futures Contracts” section. Only current day’s variation margin, if any, is reported within the Statement of Assets and Liabilities.

The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2020:

 

     Risk Exposure Category  
     Interest Rate
Contracts
     Foreign
Currency
Contracts
     Credit
Contracts
     Equity
Contracts
    Commodity
Contracts
     Other
Contracts
     Total  

Realized Gain (Loss) on Derivatives Recognized as a
Result of Operations:

                   

Net realized gain (loss) on futures contracts

   $     —      $     —      $     —      $     7,584,431     $     —      $     —      $     7,584,431  
  

 

 

    

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Total

   $      $      $      $ 7,584,431     $      $      $ 7,584,431  
  

 

 

    

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:

                   

Net change in unrealized appreciation (depreciation) of
futures contracts

   $      $      $      $ (3,525,277   $      $      $ (3,525,277
  

 

 

    

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Total

   $      $      $      $ (3,525,277   $      $      $ (3,525,277
  

 

 

    

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

For the year ended October 31, 2020, the average monthly amount or number per contract outstanding for each derivative type was as follows:

 

Derivative Description

   Average Notional
Par, Contracts
or Face Amount
 

Futures Contracts Long at Number of Contracts

     464  

Core Equity Fund

The Effect of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2020:

 

     Risk Exposure Category  
     Interest Rate
Contracts
     Foreign
Currency
Contracts
     Credit
Contracts
     Equity
Contracts
     Commodity
Contracts
     Other
Contracts
     Total  

Assets:

 

Liabilities:

 

Unrealized depreciation on futures contracts(1)

   $     —      $     —      $     —      $     2,034,977      $     —      $     —      $     2,034,977  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $      $      $      $ 2,034,977      $      $      $ 2,034,977  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

  (1) 

Amount represents the cumulative appreciation and depreciation on futures contracts as disclosed within the Schedule of Investments under the open “Futures Contracts” section. Only current day’s variation margin, if any, is reported within the Statement of Assets and Liabilities.

 

 

  108  

 


Hartford Domestic Equity Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

Core Equity Fund – (continued)

 

The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2020:

 

     Risk Exposure Category  
     Interest Rate
Contracts
     Foreign
Currency
Contracts
     Credit
Contracts
     Equity
Contracts
    Commodity
Contracts
     Other
Contracts
     Total  

Realized Gain (Loss) on Derivatives Recognized as a Result of Operations:

                   

Net realized gain (loss) on futures contracts

   $     —      $     —      $     —      $     22,139,276     $     —      $     —      $     22,139,276  
  

 

 

    

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Total

   $      $      $      $ 22,139,276     $      $      $ 22,139,276  
  

 

 

    

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:

                   

Net change in unrealized appreciation (depreciation) of futures contracts

   $      $      $      $ (3,628,070   $      $      $ (3,628,070
  

 

 

    

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Total

   $      $      $      $ (3,628,070   $      $      $ (3,628,070
  

 

 

    

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

For the year ended October 31, 2020, the average monthly amount or number per contract outstanding for each derivative type was as follows:

 

Derivative Description

   Average Notional
Par, Contracts
or Face Amount

Futures Contracts Long at Number of Contracts

   508

 

  c)

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

The following tables present a Fund’s derivative assets and liabilities, presented on a gross basis as no amounts are netted within the Statements of Assets and Liabilities, by counterparty net of amounts available for offset under a master netting agreement or similar agreement (“MNA”) and net of the related collateral received/pledged by a Fund as of October 31, 2020:

Capital Appreciation Fund

 

Derivative Financial Instruments:

   Assets      Liabilities  

Futures contracts

   $      $ (2,106,396
  

 

 

    

 

 

 

Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities

            (2,106,396
  

 

 

    

 

 

 

Derivatives not subject to a MNA

                 2,106,396  
  

 

 

    

 

 

 

Total gross amount of assets and liabilities subject to MNA or similar agreements

   $     —      $  
  

 

 

    

 

 

 

Core Equity Fund

 

Derivative Financial Instruments:

   Assets      Liabilities  

Futures contracts

   $     —      $ (2,034,977
  

 

 

    

 

 

 

Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities

            (2,034,977
  

 

 

    

 

 

 

Derivatives not subject to a MNA

                 2,034,977  
  

 

 

    

 

 

 

Total gross amount of assets and liabilities subject to MNA or similar agreements

   $      $  
  

 

 

    

 

 

 

 

5.

Principal Risks:

A Fund’s investments expose it to various types of risks associated with financial instruments and the markets. A Fund may be exposed to the risks described below. Each Fund’s prospectus provides details of its principal risks.

The market values of equity securities, such as common stocks and preferred stocks, or equity related derivative investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company, such as real or perceived

 

 

  109  

 


Hartford Domestic Equity Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. Equity securities and equity related investments generally have greater market price volatility than fixed income securities. The extent of each Fund’s exposure to market risk is the market value of the investments held as shown in the Fund’s Schedule of Investments.

A widespread health crisis, such as a global pandemic, could cause substantial market volatility, exchange trading suspensions or restrictions and closures of securities exchanges and businesses, impact the ability to complete redemptions, and adversely impact Fund performance. The current ongoing outbreak of COVID-19, a respiratory disease caused by a novel coronavirus, has negatively affected the worldwide economy, the financial health of individual companies and the market in significant and unforeseen ways. The future impact of the ongoing COVID-19 pandemic remains unclear. The effects to public health, business and market conditions resulting from COVID-19 pandemic may have a significant negative impact on the performance of a Fund’s investments, including exacerbating other pre-existing political, social and economic risks.

Investing in the securities of non-U.S. issuers, whether directly or indirectly, involves certain considerations and risks not typically associated with securities of U.S. issuers. Such risks include, but are not limited to: generally less liquid and less efficient securities markets; generally greater price volatility; exchange rate fluctuations; imposition of restrictions on the expatriation of funds or other protectionist measures; less publicly available information about issuers; the imposition of withholding or other taxes; higher transaction and custody costs; settlement delays and risk of loss attendant in settlement procedures; difficulties in enforcing contractual obligations; less regulation of securities markets; different accounting, disclosure and reporting requirements; more substantial governmental involvement in the economy; higher inflation rates; and greater social, economic and political uncertainties. Non-U.S. issuers may also be affected by political, social, economic or diplomatic developments in a foreign country or region or the U.S. (including the imposition of sanctions, tariffs, or other governmental restrictions). These risks are heightened for investments in issuers from countries with less developed markets.

Securities lending involves the risk that a Fund may lose money because the borrower of the loaned securities fails to return the securities in a timely manner or at all. A Fund could also lose money in the event of a decline in the value of the collateral provided for the loaned securities or a decline in the value of any investments made with cash collateral. These events could also trigger adverse tax consequences for a Fund that lends its holdings.

 

6.

Federal Income Taxes:

 

  a)

Each Fund intends to continue to qualify as a Regulated Investment Company (“RIC”) under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net investment income and net realized capital gains to its shareholders each year. Each Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2020. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes.

 

  b)

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

 

  c)

Distributions and Components of Distributable Earnings – The tax character of distributions paid by each Fund for the years ended October 31, 2020 and October 31, 2019 are as follows:

 

     For the Year Ended
October 31, 2020
     For the Year
Ended October 31, 2019
 

Fund

   Ordinary
Income
     Long-Term
Capital Gains(1)
     Ordinary
Income
     Long-Term
Capital Gains(1)
 

Capital Appreciation Fund

   $  36,050,954      $  304,034,945      $     448,614,710      $ 622,931,313  

Core Equity Fund

     60,527,093        97,987,927        45,617,203        127,778,830  

Dividend and Growth Fund

         150,668,454        260,565,466        146,320,234        752,059,161  

Equity Income Fund

     71,168,447            255,909,247        86,893,501        297,035,762  

Growth Opportunities Fund

            301,835,007        345,928,919        723,799,792  

Healthcare Fund

     6,049,810        77,681,567               102,046,786  

MidCap Fund

            703,065,084        94,767,016            1,219,235,756  

MidCap Value Fund

     5,747,295        16,708,824        7,032,454        64,802,404  

Quality Value Fund

     4,852,723        5,832,576        9,562,429        8,736,476  

Small Cap Growth Fund

            15,398,605        57,817,003        163,570,299  

Small Cap Value Fund

     1,006,381        6,012,453        3,160,308        22,181,051  

Small Company Fund

            36,747,668        10,391,373        79,093,272  

 

  (1) 

The Funds designate these distributions as long-term capital gains pursuant to IRC Sec 852(b)(3)(c).

 

 

  110  

 


Hartford Domestic Equity Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

As of October 31, 2020, the components of total accumulated earnings (deficit) for each Fund on a tax basis are as follows:

 

Fund

   Undistributed
Ordinary
Income
     Undistributed
Long-Term
Capital Gain
     Accumulated
Capital and
Other
Losses
    Other
Temporary
Differences
     Unrealized
Appreciation
(Depreciation)
on Investments
    Total
Accumulated
Earnings
(Deficit)
 

Capital Appreciation Fund

   $ 24,070,701      $ 326,546,603      $     $     9,602,392      $ 939,928,136     $ 1,300,147,832  

Core Equity Fund

     56,999,980                   (47,413,004                1,938,558,157           1,948,145,133  

Dividend and Growth Fund

     25,799,175        213,872,357                     2,095,844,627       2,335,516,159  

Equity Income Fund

     10,274,475        41,905,899                     602,451,660       654,632,034  

Growth Opportunities Fund

         361,402,932        579,604,617                     1,575,393,476       2,516,401,025  

Healthcare Fund

     27,136,722        157,201,461                     280,103,258       464,441,441  

MidCap Fund

                1,544,552,227                     1,694,504,128       3,239,056,355  

MidCap Value Fund

     2,566,309               (32,798,415            6,136,762       (24,095,344

Quality Value Fund

     4,003,209               (2,509,529            4,172,529       5,666,209  

Small Cap Growth Fund

     14,350,307        46,568,274                     169,007,354       229,925,935  

Small Cap Value Fund

     1,034,382               (5,501,229            (6,853,968     (11,320,815

Small Company Fund

     37,854,012        38,852,060                     165,200,577       241,906,649  

 

  d)

Reclassification of Capital Accounts – The Funds may record reclassifications in their capital accounts. These reclassifications have no impact on the total net assets of the Funds. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as non-deductible expenses from partnership investments, earnings and profits distributed to shareholders on the redemption of shares, and adjustments to prior year accumulated balances. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Funds’ distributions may be shown in the accompanying Statements of Changes in Net Assets as from distributable earnings or from capital depending on the type of book and tax differences that exist. For the year ended October 31, 2020, the Funds recorded reclassifications to increase (decrease) the accounts listed below:

 

Fund

   Paid-in-Capital      Distributable
Earnings (Loss)
 

Capital Appreciation Fund

   $ 9,532,180      $ (9,532,180

Growth Opportunities Fund

     86,614,310        (86,614,310

Healthcare Fund

     12,205,933        (12,205,933

MidCap Fund

         237,049,819            (237,049,819

Small Cap Growth Fund

     14,155,033        (14,155,033

Small Company Fund

     454,449        (454,449

 

  e)

Tax Basis of Investments – The aggregate cost of investments for federal income tax purposes at October 31, 2020 is different from book purposes primarily due to wash sale loss deferrals, passive foreign investment company (PFIC) mark-to-market adjustments, partnership adjustments and non-taxable distributions from underlying investments. The net unrealized appreciation/(depreciation) on investments for tax purposes, which consists of gross unrealized appreciation and depreciation, was also different from book purposes primarily due to wash sale loss deferrals and mark-to-market adjustments on forwards, futures, PFICs, partnership adjustments and non-taxable distributions from underlying investments. Both the cost and unrealized appreciation and depreciation for federal income tax purposes are disclosed below:

 

Fund

   Tax Cost      Gross Unrealized
Appreciation
     Gross Unrealized
(Depreciation)
    Net Unrealized
Appreciation
(Depreciation)
 

Capital Appreciation Fund

   $ 5,403,671,679      $ 1,168,573,541      $ (228,576,468   $ 939,997,073  

Core Equity Fund

     6,548,350,994        2,125,464,384        (186,906,227     1,938,558,157  

Dividend and Growth Fund

     6,985,688,383        2,453,606,892        (357,762,265     2,095,844,627  

Equity Income Fund

     3,056,150,394        741,922,132        (139,585,240     602,336,892  

Growth Opportunities Fund

     4,782,400,793        1,720,826,561        (145,435,341     1,575,391,220  

Healthcare Fund

     1,207,711,422        384,163,147        (104,074,285     280,088,862  

MidCap Fund

         11,371,491,876            2,576,986,139            (882,482,011         1,694,504,128  

MidCap Value Fund

     591,079,202        50,669,382        (44,532,620     6,136,762  

Quality Value Fund

     165,162,821        21,767,401        (17,594,872     4,172,529  

Small Cap Growth Fund

     639,736,873        210,827,432        (41,820,078     169,007,354  

Small Cap Value Fund

     88,173,994        8,093,917        (14,947,885     (6,853,968

Small Company Fund

     580,551,606        182,256,637        (17,056,060     165,200,577  

 

 

  111  

 


Hartford Domestic Equity Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

  f)

Capital Loss Carryforward – Under the Regulated Investment Company Modernization Act of 2010, funds are permitted to carry forward capital losses for an unlimited period. At October 31, 2020 (tax year end), each Fund’s capital loss carryforwards for U.S. federal income tax purposes were as follows:

 

Fund

   Short-Term
Capital Loss
Carryforward
with No
Expiration
     Long-Term
Capital Loss
Carryforward
with No
Expiration
 

Core Equity Fund

   $ 47,413,004      $  

MidCap Value Fund

     17,728,662        15,069,753  

Quality Value Fund

     2,509,529         

Small Cap Value Fund

     1,618,830        3,882,399  

The Capital Appreciation Fund, Dividend and Growth Fund, Equity Income Fund, Growth Opportunities Fund, Healthcare Fund, MidCap Fund, Small Cap Growth Fund and Small Company Fund had no capital loss carryforwards for U.S. federal tax purposes as of October 31, 2020.

 

  g)

Accounting for Uncertainty in Income Taxes – Pursuant to provisions set forth by U.S. GAAP, Hartford Funds Management Company, LLC (“HFMC”) reviews each Fund’s tax positions for all open tax years. As of October 31, 2020, HFMC had reviewed the open tax years and concluded that there was no reason to record a liability for net unrecognized tax obligations relating to uncertain income tax positions. Each Fund files U.S. tax returns. Although the statute of limitations for examining a Fund’s U.S. tax returns remains open for 3 years, no examination is currently in progress. The Funds recognize interest and penalties, if any, related to unrecognized tax benefits as income tax expense on the Statements of Operations. During the year ended October 31, 2020, the Funds did not incur any interest or penalties. HFMC is not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax obligations will significantly change in the next twelve months.

 

7.

Expenses:

 

  a)

Investment Management Agreement – HFMC serves as each Fund’s investment manager. Each Company, on behalf of its respective Funds, has entered into an Investment Management Agreement with HFMC. HFMC is an indirect subsidiary of The Hartford Financial Services Group, Inc. (“The Hartford”). HFMC has overall investment supervisory responsibility for each Fund. In addition, HFMC provides administrative personnel, services, equipment, facilities and office space for proper operation of each Fund. HFMC has contracted with Wellington Management Company LLP (“Wellington Management”) under a sub-advisory agreement and Wellington Management performs the daily investment of the assets of each Fund in accordance with the Fund’s investment objective and policies. HFMC pays a sub-advisory fee to Wellington Management out of its management fee.

The schedule below reflects the rates of compensation paid to HFMC for investment management services rendered as of October 31, 2020; the rates are accrued daily and paid monthly based on each Fund’s average daily net assets, at the following annual rates:

 

Fund

  

Management Fee Rates

Capital Appreciation Fund

  

0.8000% on first $500 million and;

  

0.7000% on next $500 million and;

  

0.6500% on next $4 billion and;

  

0.6475% on next $5 billion and;

  

0.6450% over $10 billion

Core Equity Fund

  

0.4500% on first $500 million and;

  

0.3500% on next $500 million and;

  

0.3300% on next $1.5 billion and;

  

0.3250% on next $2.5 billion and;

  

0.3225% over $5 billion

Dividend and Growth Fund

  

0.7500% on first $500 million and;

  

0.6500% on next $500 million and;

  

0.6000% on next $1.5 billion and;

  

0.5950% on next $2.5 billion and;

  

0.5900% on next $5 billion and;

  

0.5850% over $10 billion

Equity Income Fund

  

0.7500% on first $250 million and;

  

0.7000% on next $250 million and;

  

0.6500% on next $500 million and;

  

0.6000% on next $1.5 billion and;

  

0.5900% on next $2.5 billion and;

  

0.5875% over $5 billion

Growth Opportunities Fund

  

0.8000% on first $250 million and;

  

0.7000% on next $4.75 billion and;

  

0.6975% on next $5 billion and;

  

0.6950% over $10 billion

 

 

  112  

 


Hartford Domestic Equity Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

Fund

  

Management Fee Rates

Healthcare Fund

  

0.9000% on first $500 million and;

  

0.8500% on next $500 million and;

  

0.8000% on next $4 billion and;

  

0.7975% on next $5 billion and;

  

0.7950% over $10 billion

MidCap Fund

  

0.8500% on first $500 million and;

  

0.7500% on next $500 million and;

  

0.7000% on next $4 billion and;

  

0.6975% on next $5 billion and;

  

0.6950% over $10 billion

MidCap Value Fund

  

0.7500% on first $500 million and;

  

0.6500% on next $500 million and;

  

0.6000% on next $1.5 billion and;

  

0.5950% on next $2.5 billion and;

  

0.5900% on next $5 billion and;

  

0.5850% over $10 billion

Quality Value Fund

  

0.4500% on first $500 million and;

  

0.3500% on next $500 million and;

  

0.3300% on next $4 billion and;

  

0.3250% on next $5 billion and;

  

0.3225% over $10 billion

Small Cap Growth Fund

  

0.9000% on first $100 million and;

  

0.8000% on next $150 million and;

  

0.7000% on next $250 million and;

  

0.6500% on next $4.5 billion and;

  

0.6300% on next $5 billion and;

  

0.6200% over $10 billion

Small Cap Value Fund

  

0.7000% on first $500 million and;

  

0.6500% on next $500 million and;

  

0.6000% on next $2 billion and;

  

0.5900% on next $2 billion and;

  

0.5800% on next $5 billion and;

  

0.5700% over $10 billion

Small Company Fund

  

0.8500% on first $250 million and;

  

0.8000% on next $250 million and;

  

0.7500% on next $500 million and;

  

0.7000% on next $500 million and;

  

0.6500% on next $3.5 billion and;

  

0.6300% on next $5 billion and;

  

0.6200% over $10 billion

 

  b)

Accounting Services Agreement – HFMC provides the Funds with accounting services pursuant to a fund accounting agreement by and between each Company, on behalf of its respective Funds, and HFMC. HFMC has delegated certain accounting and administrative service functions to State Street Bank and Trust Company (“State Street”). In consideration of services rendered and expenses assumed pursuant to the fund accounting agreement, each Fund pays HFMC a fee. Effective January 1, 2020, the fund accounting agreement with respect to each Fund was modified to reflect a new fee structure. Under this revised fee structure, HFMC is entitled to receive the following fee with respect to each Fund: the sub-accounting fee payable by HFMC to State Street plus the amount of expenses that HFMC allocates for providing the fund accounting services.

From November 1, 2019 through December 31, 2019, the accounting services fees for each Fund were accrued daily and paid monthly at the rates below:

 

Capital Appreciation Fund, Growth Opportunities Fund and Small Company Fund  
Average Daily Net Assets    Annual Fees  

first $3.5 billion and;

     0.022%  

next $3.5 billion and

     0.018%  

Amount over $7 billion

     0.015%  
 
Core Equity Fund, Dividend and Growth Fund, Equity Income Fund, Healthcare Fund, MidCap Fund, MidCap Value Fund, Quality Value Fund,
Small Cap Growth Fund and Small Cap Value Fund
 
Average Daily Net Assets    Annual Fees  

first $3.5 billion and;

     0.018%  

next $3.5 billion and

     0.014%  

Amount over $7 billion

     0.010%  

 

 

  113  

 


Hartford Domestic Equity Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

  c)

Operating Expenses – Allocable expenses incurred by each Company are allocated to each series within such Company, and allocated to classes within each such series, in proportion to the average daily net assets of such series and classes, except where allocation of certain expenses is more fairly made directly to a Fund or to specific classes within a Fund. As of October 31, 2020, HFMC contractually agreed to limit the total annual fund operating expenses (exclusive of taxes, interest expenses, brokerage commissions, acquired fund fees and expenses, and extraordinary expenses), through February 28, 2021 (unless the applicable Board of Directors approves its earlier termination) as follows for each of the following Funds:

 

     Expense Limit as a Percentage of Average Daily Net Assets  

Fund

   Class A     Class C     Class I     Class R3     Class R4     Class R5     Class R6     Class Y     Class F  

Quality Value Fund

     0.96     1.71     0.66     1.18     0.88     0.63     0.46     0.57     0.46

Small Cap Value Fund

     1.30     2.05     1.00     1.50     1.20     0.90     0.80     0.85     0.80

Small Company Fund

     1.40     2.15     1.15     1.55     1.25     0.95     0.90     0.95     0.90

 

  d)

Fees Paid Indirectly – Certain Funds have entered into agreements with State Street Global Markets, LLC and Russell Implementation Services, Inc. to partially recapture non-discounted trade commissions. Such rebates are used to pay a portion of a Fund’s expenses. For the year ended October 31, 2020, these amounts, if any, are included in the Statements of Operations.

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

 

Fund

   Class A     Class C     Class I     Class R3     Class R4     Class R5     Class R6     Class Y     Class F  

Capital Appreciation Fund

     1.07     1.85     0.79     1.42     1.10     0.81     0.70     0.75     0.70

Core Equity Fund

     0.72     1.47     0.46     1.07     0.73     0.47     0.38     0.45     0.37

Dividend and Growth Fund

     1.00     1.78     0.73     1.35     1.05     0.74     0.65     0.68     0.64

Equity Income Fund

     1.00     1.76     0.74     1.36     1.05     0.77     0.66     0.71     0.66

Growth Opportunities Fund

     1.09     1.85     0.83     1.43     1.13     0.84     0.74     0.78     0.74

Healthcare Fund

     1.27     2.04     0.99     1.61     1.30     1.01     0.90     0.95     0.90

MidCap Fund

     1.11     1.87     0.86     1.46     1.14     0.84     0.75     0.78     0.75

MidCap Value Fund

     1.25     2.03     0.91     1.53     1.23     0.91     N/A       0.87     0.81

Quality Value Fund

     0.91     1.71     0.56     1.16     0.87     0.57     0.46     0.57     0.46

Small Cap Growth Fund

     1.25     1.90     0.85     1.49     1.19     0.89     0.78     0.81     0.77

Small Cap Value Fund

     1.29     2.04     0.92     1.42     1.20     0.90     0.80     0.85     0.80

Small Company Fund

     1.31     2.14     1.00     1.55     1.25     0.95     0.90     0.95     0.89

 

  e)

Sales Charges and Distribution and Service Plan for Class A, T, C, R3 and R4 Shares – Hartford Funds Distributors, LLC (“HFD”), an indirect subsidiary of The Hartford, is the principal underwriter and distributor of each Fund. For the year ended October 31, 2020, HFD received front-end sales charges and contingent deferred sales charges for each Fund as follows:

 

Fund

   Front-end
Sales Charges
     Contingent Deferred
Sales Charges
 

Capital Appreciation Fund

   $     1,729,715      $ 27,965  

Core Equity Fund

     3,212,696            116,581  

Dividend and Growth Fund

     2,917,342        33,887  

Equity Income Fund

     1,207,281        18,968  

Growth Opportunities Fund

     2,468,903        26,140  

Healthcare Fund

     689,627        4,898  

MidCap Fund

     2,625,224        53,614  

MidCap Value Fund

     418,533        3,872  

Quality Value Fund

     79,640        1,649  

Small Cap Growth Fund

     44,357        1  

Small Cap Value Fund

     31,353        2,138  

Small Company Fund

     443,000        2,436  

The Board of Directors of each Company has approved the adoption of a separate distribution plan (each a “Plan”) pursuant to Rule 12b-1 under the 1940 Act for each of Class A, T, C, R3 and R4 shares. Under a Plan, Class A, Class T, Class C, Class R3 and Class R4 shares of a Fund, as applicable, bear distribution and/or service fees paid to HFD, some or all of which may be paid to select broker-dealers. Pursuant to the Class A Plan, a Fund may pay HFD a fee of up to 0.25% of the average daily net assets attributable to Class A shares for distribution financing activities and shareholder account servicing activities. The entire amount of the fee may be used for shareholder servicing expenses and/or distribution expenses. Pursuant to the Class T Plan, a Fund may pay HFD a fee of up to 0.25% of the average daily net assets attributable to Class T shares for distribution financing activities and shareholder account servicing activities. The entire amount of the fee may be used for shareholder servicing expenses and/or distribution expenses. As of October 31, 2020, Class T shares have not commenced operations. Pursuant to the Class C Plan, a Fund may pay HFD a fee of up to 1.00% of the average daily net assets attributable to Class C shares for distribution financing activities, and up to 0.25% may be used for shareholder account servicing activities. The Class C Plan also provides that HFD will receive all contingent deferred sales charges attributable to Class C shares. Pursuant to the Class R3 Plan, a Fund may pay HFD a fee of up to 0.50% of the average daily net assets attributable to Class R3 shares for distribution financing activities,

 

 

  114  

 


Hartford Domestic Equity Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

and up to 0.25% may be used for shareholder account servicing activities. Pursuant to the Class R4 Plan, a Fund may pay HFD a fee of up to 0.25% of the average daily net assets attributable to Class R4 shares for distribution financing activities. The entire amount of the fee may be used for shareholder account servicing activities. Each Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the respective Company’s Board of Directors may determine. Any 12b-1 fees attributable to assets held in an account held directly with the Funds’ transfer agent for which there is not a third-party listed as the broker-dealer of record (or HFD does not otherwise have a payment obligation) are generally reimbursed to the applicable Fund. Such amounts are reflected as “Distribution fee reimbursements” on the Statements of Operations.

 

  f)

Other Related Party Transactions – Certain officers of each Company are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the year ended October 31, 2020, a portion of each Company’s Chief Compliance Officer’s (“CCO”) compensation was paid by all of the investment companies in the Hartford fund complex. The portion allocated to each Fund, as represented in other expenses on the Statements of Operations, is outlined in the table below.

 

Fund

   CCO Compensation
Paid by Fund
 

Capital Appreciation Fund

   $     14,700  

Core Equity Fund

     17,080  

Dividend and Growth Fund

     20,537  

Equity Income Fund

     8,655  

Growth Opportunities Fund

     12,251  

Healthcare Fund

     3,260  

MidCap Fund

     31,299  

MidCap Value Fund

     1,448  

Quality Value Fund

     411  

Small Cap Growth Fund

     2,131  

Small Cap Value Fund

     184  

Small Company Fund

     1,481  

Hartford Administrative Services Company (“HASCO”), an indirect subsidiary of The Hartford, provides transfer agent services to each Fund. Each Fund pays HASCO a transfer agency fee payable monthly based on the lesser of (i) the costs of providing or overseeing transfer agency services provided to each share class of such Fund plus a target profit margin or (ii) a Specified Amount (as defined in the table below). Such fee is intended to compensate HASCO for: (i) fees payable by HASCO to DST Asset Manager Solutions, Inc. (“DST”) (and any other designated sub-agent) according to the agreed-upon fee schedule under the sub-transfer agency agreement between HASCO and DST (or between HASCO and any other designated sub-agent, as applicable); (ii) sub-transfer agency fees payable by HASCO to financial intermediaries, according to the agreed-upon terms between HASCO and the financial intermediaries, provided that such payments are within certain limits approved by the applicable Company’s Board of Directors; (iii) certain expenses that HASCO’s parent company, Hartford Funds Management Group, Inc., allocates to HASCO that relate to HASCO’s transfer agency services provided to the Fund; and (iv) a target profit margin.

 

Share Class

   Specified Amount
(as a percentage
average daily
net assets)
 

Class A

     0.25

Class C

     0.25

Class I

     0.20

Class Y

     0.11

Class R3

     0.22

Class R4

     0.17

Class R5

     0.12

Class R6

     0.004

Class F

     0.004

Effective February 28, 2020, HASCO has contractually agreed to waive and/or reimburse a portion of the transfer agency fees for the share classes of the Funds listed below to the extent necessary to limit the transfer agency fees as follows through February 28, 2021, unless the applicable Board of Directors approve its earlier termination:

 

Fund

   Class I     Class Y  

Capital Appreciation Fund

     N/A       0.06

Core Equity Fund

     N/A       0.08

Dividend and Growth Fund

     N/A       0.04

Equity Income Fund

     N/A       0.06

Growth Opportunities Fund

     N/A       0.04

Healthcare Fund

     N/A       0.05

MidCap Fund

     0.12     0.04

MidCap Value Fund

     N/A       0.07

Small Cap Growth Fund

     N/A       0.04

 

 

  115  

 


Hartford Domestic Equity Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

From November 1, 2019 through February 27, 2020, HASCO contractually agreed to waive and/or reimburse a portion of the transfer agency fees for the share classes of the Funds listed below to the extent necessary to limit the transfer agency fees as follows:

 

Fund

   Class I     Class Y  

Capital Appreciation Fund

     N/A       0.04

Core Equity Fund

     N/A       0.06

Dividend and Growth Fund

     N/A       0.05

Equity Income Fund

     N/A       0.05

Growth Opportunities Fund

     N/A       0.05

Healthcare Fund

     N/A       0.06

MidCap Fund

     0.12     0.04

MidCap Value Fund

     N/A       0.05

Small Cap Growth Fund

     N/A       0.04

Pursuant to a sub-transfer agency agreement between HASCO and DST, HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to DST. Each Fund does not pay any fee directly to DST; rather, HASCO makes all such payments to DST. The accrued amount shown in the Statements of Operations reflects the amounts charged by HASCO. These fees are accrued daily and paid monthly.

For the year ended October 31, 2020, the effective rate of compensation paid to HASCO for transfer agency services as a percentage of each Class’ average daily net assets is as follows:

 

Fund

   Class A     Class C     Class I     Class R3     Class R4     Class R5     Class R6     Class Y     Class F  

Capital Appreciation Fund

     0.12     0.15     0.09     0.22     0.15     0.11     0.00 %*      0.05     0.00 %* 

Core Equity Fund

     0.10     0.09     0.09     0.20     0.16     0.10     0.00 %*      0.08     0.00 %* 

Dividend and Growth Fund

     0.11     0.14     0.09     0.21     0.16     0.10     0.00 %*      0.04     0.00 %* 

Equity Income Fund

     0.10     0.10     0.09     0.20     0.15     0.11     0.00 %*      0.06     0.00 %* 

Growth Opportunities Fund

     0.11     0.11     0.09     0.20     0.14     0.10     0.00 %*      0.04     0.00 %* 

Healthcare Fund

     0.13     0.14     0.09     0.21     0.15     0.11     0.00 %*      0.05     0.00 %* 

MidCap Fund

     0.11     0.12     0.12     0.22     0.17     0.10     0.00 %*      0.04     0.00 %* 

MidCap Value Fund

     0.19     0.21     0.10     0.22     0.17     0.10     N/A       0.06     0.00 %* 

Quality Value Fund

     0.20     0.25     0.10     0.22     0.16     0.12     0.00 %*      0.11     0.00 %* 

Small Cap Growth Fund

     0.24     0.13     0.08     0.22     0.17     0.12     0.00 %*      0.04     0.00 %* 

Small Cap Value Fund

     0.25     0.24     0.12     0.22     0.17     0.12     0.00 %*      0.11     0.00 %* 

Small Company Fund

     0.17     0.25     0.11     0.21     0.16     0.12     0.00 %*      0.07     0.00 %* 

 

  *

Amount rounds to 0.00%

 

8.

Securities Lending:

Each Company has entered into a securities lending agency agreement (“lending agreement”) with Citibank, N.A. (“Citibank”). A Fund may lend portfolio securities to certain borrowers in U.S. and non-U.S. markets in an amount not to exceed one-third (33 13%) of the value of its total assets. If a Fund security is on loan, under the lending agreement, the borrower is required to deposit cash or liquid securities as collateral at least equal to 100% of the market value of the loaned securities; and cash collateral is invested for the benefit of the Fund by the Fund’s lending agent pursuant to collateral investment guidelines. The collateral is marked to market daily, in an amount at least equal to the current market value of the securities loaned.

A Fund is subject to certain risks while its securities are on loan, including the following: (i) the risk that the borrower defaults on the loan and the collateral is inadequate to cover the Fund’s loss; (ii) the risk that the earnings on the collateral invested are not sufficient to pay fees incurred in connection with the loan; (iii) the Fund could lose money in the event of a decline in the value of the collateral provided for loaned securities or a decline in the value of any investments made with cash collateral; (iv) the risk that the borrower may use the loaned securities to cover a short sale, which may in turn place downward pressure on the market prices of the loaned securities; (v) the risk that return of loaned securities could be delayed and interfere with portfolio management decisions; and (vi) the risk that any efforts to restrict or recall the securities for purposes of voting may not be effective. These events could also trigger adverse tax consequences for the Fund.

The Funds retain loan fees and the interest on cash collateral investments but are required to pay the borrower a rebate for the use of cash collateral. In cases where the lent security is of high value to borrowers, there may be a negative rebate (i.e., a net payment from the borrower to the Funds). Upon termination of a loan, the Funds are required to return to the borrower an amount equal to the cash collateral, plus any rebate owed to the borrowers.

The net income earned on the securities lending (after payment of rebates and Citibank’s fee) is included on the Statements of Operations as Investment Income from securities lending. The Funds also receive payments from the borrower during the period of the loan, equivalent to dividends and interest earned on the securities loaned, which are recorded as Investment Income from dividends or interest, respectively, on the Statements of Operations.

 

 

  116  

 


Hartford Domestic Equity Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

The following table presents the market value of the Funds’ securities on loan, net of amounts available for offset under the master netting arrangements and any related collateral received by the Funds as of October 31, 2020.

 

Fund

   Investment Securities on Loan, at market value,
Presented on the Statements of Assets and Liabilities(1)
     Collateral Posted by Borrower(2)     Net Amount(3)  

Capital Appreciation Fund

   $ 12,892,695      $ (12,892,695   $     —  

Core Equity Fund

                   

Dividend and Growth Fund

                   

Equity Income Fund

                   

Growth Opportunities Fund

     36,965,203        (36,965,203      

Healthcare Fund

     13,609,564        (13,609,564      

MidCap Fund

         109,657,728            (109,657,728      

MidCap Value Fund

                   

Quality Value Fund

                   

Small Cap Growth Fund

     10,469,863        (10,469,863      

Small Cap Value Fund

     1,790,215        (1,790,215      

Small Company Fund

     22,999,926        (22,999,926      

 

  (1) 

It is each Fund’s policy to obtain additional collateral from, or return excess collateral to, the borrower by the end of the next business day following the valuation date of the securities loaned. Therefore, the value of the collateral held may be temporarily less than that required under the lending contract.

  (2) 

Collateral received in excess of the market value of securities on loan is not presented in this table.

  (3) 

Net amount represents the net amount receivable due from the counterparty in the event of default.

The total cash and non-cash collateral received by each Fund in connection with securities lending transactions is presented below:

 

Fund

   Cash
Collateral
     Non-Cash
Collateral
 

Capital Appreciation Fund

   $     14,005,385      $  

Core Equity Fund

             

Dividend and Growth Fund

             

Equity Income Fund

             

Growth Opportunities Fund

     28,236,824            13,183,144  

Healthcare Fund

     14,201,882         

MidCap Fund

     89,240,840        30,346,596  

MidCap Value Fund

             

Quality Value Fund

             

Small Cap Growth Fund

     10,694,775         

Small Cap Value Fund

     1,842,216         

Small Company Fund

     23,792,335         

 

9.

Secured Borrowings:

The following tables reflect a breakdown of transactions accounted for as secured borrowings, the gross obligation by the type of collateral pledged, and the remaining contractual maturity of those transactions as of October 31, 2020.

Certain Transfers Accounted For As Secured Borrowings

Remaining Contractual Maturity of the Agreements

 

     Overnight and
Continuous
     <30 days      Between
30 & 90 days
     >90 days      Total  
Capital Appreciation Fund                                   

Securities Lending Transactions(1)

 

Common Stocks

   $     14,005,385      $     —      $     —      $     —      $     14,005,385  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total Borrowings

   $ 14,005,385      $      $      $      $ 14,005,385  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Gross amount of recognized liabilities for securities lending transactions

 

   $ 14,005,385  
              

 

 

 
Growth Opportunities Fund                                   

Securities Lending Transactions(1)

 

Common Stocks

   $ 28,236,824      $      $      $      $ 28,236,824  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total Borrowings

   $ 28,236,824      $      $      $      $ 28,236,824  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Gross amount of recognized liabilities for securities lending transactions

 

   $ 28,236,824  
              

 

 

 

 

 

  117  

 


Hartford Domestic Equity Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

     Overnight and
Continuous
     <30 days      Between
30 & 90 days
     >90 days      Total  
Healthcare Fund                                   

Securities Lending Transactions(1)

 

Common Stocks

   $ 14,201,882      $      $      $      $ 14,201,882  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total Borrowings

   $ 14,201,882      $      $      $      $ 14,201,882  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Gross amount of recognized liabilities for securities lending transactions

 

   $ 14,201,882  
              

 

 

 
MidCap Fund                                   

Securities Lending Transactions(1)

 

Common Stocks

   $ 89,240,840      $      $      $      $ 89,240,840  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total Borrowings

   $ 89,240,840      $      $      $      $ 89,240,840  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Gross amount of recognized liabilities for securities lending transactions

 

   $ 89,240,840  
              

 

 

 
Small Cap Growth Fund                                   

Securities Lending Transactions(1)

 

Common Stocks

   $ 10,694,775      $      $      $      $ 10,694,775  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total Borrowings

   $ 10,694,775      $      $      $      $ 10,694,775  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Gross amount of recognized liabilities for securities lending transactions

 

   $ 10,694,775  
              

 

 

 
Small Cap Value Fund                                   

Securities Lending Transactions(1)

 

Common Stocks

   $ 463,912      $      $      $      $ 463,912  

Exchange-Traded Funds

     1,378,304                             1,378,304  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total Borrowings

   $ 1,842,216      $      $      $      $ 1,842,216  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Gross amount of recognized liabilities for securities lending transactions

 

   $ 1,842,216  
              

 

 

 
Small Company Fund                                   

Securities Lending Transactions(1)

 

Common Stocks

   $ 15,861,645      $      $      $      $ 15,861,645  

Exchange-Traded Funds

     7,930,690                             7,930,690  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total Borrowings

   $     23,792,335      $     —      $     —      $     —      $     23,792,335  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Gross amount of recognized liabilities for securities lending transactions

               $ 23,792,335  
              

 

 

 

 

  (1) 

Amount represents the payable for cash collateral received on securities on loan. This will generally be in the “Overnight and Continuous” column as the securities are typically callable on demand.

 

10.

Affiliate Holdings:

As of October 31, 2020, affiliates of The Hartford had ownership of shares in each Fund as follows:

Percentage of a Class:

 

Fund

   Class A      Class C      Class I      Class R3      Class R4      Class R5     Class R6     Class Y      Class F  

Healthcare Fund

                                              0 %*              

Quality Value Fund

                                              2             

Small Cap Value Fund

                                        100     4             

Percentage of Fund by Class:

 

Fund

   Class A      Class C      Class I      Class R3      Class R4      Class R5     Class R6     Class Y      Class F  

Healthcare Fund

                                              0 %*              

Quality Value Fund

                                              0 %*              

Small Cap Value Fund

                                        0 %*      0 %*              

 

  *

Percentage rounds to zero.

 

 

  118  

 


Hartford Domestic Equity Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

As of October 31, 2020, affiliated funds of funds and certain 529 plans for which HFMC serves as the program manager (the “529 plans”) in the aggregate owned a portion of the Funds identified below. Therefore, these Funds may experience relatively large purchases or redemptions of their shares from these affiliated funds of funds and the 529 plans. Affiliated funds of funds and the 529 plans owned shares in the Funds listed below as follows:

 

Funds

   Percentage
of Fund*
 

Capital Appreciation Fund

     8

Core Equity Fund

     4

Dividend and Growth Fund

     9

Equity Income Fund

     7

Growth Opportunities Fund

     2

MidCap Fund

     1

MidCap Value Fund

     2

Small Cap Growth Fund

     5

Small Cap Value Fund

     45

Small Company Fund

     8

 

  *

As of October 31, 2020, affiliated funds of funds and the 529 plans invest in Class F shares.

 

11.

Affiliated Security Transactions:

If a Fund owns 5% or more of the outstanding voting securities, either directly or indirectly, of a particular issuer, the 1940 Act deems such an issuer to be an “affiliate” of the Fund. As of and during the year ended October 31, 2020, the MidCap Fund and Small Company Fund owned 5% or more of the outstanding voting securities of the issuers identified in the tables below.

A summary of affiliate transactions for the MidCap Fund and Small Company Fund for the year ended October 31, 2020 is as follows:

 

Affiliated Investments

  Beginning
Value as of
November 1, 2019
    Purchases at
Cost
    Proceeds from
Sales
    Net
Realized Gain/
(Loss)
on Sales
    Change in
Unrealized
Appreciation/
(Depreciation)
    Ending
Value as of
October 31, 2020
    Shares as of
October 31, 2020
    Dividend
Income
 
MidCap Fund                                                

Aerie Pharmaceuticals, Inc.

  $ 54,922,269     $ 13,807,304     $ 49,251,629     $ (101,388,457   $ 81,910,513     $           $  

Coherent, Inc.

    132,404,921       102,543,047       18,666,624       (5,201,174     (23,510,452     187,569,718       1,498,879        

CommScope Holding Co., Inc.

    74,978,478       103,485,683       14,863,863       (21,269,150     (4,651,218     137,679,930       15,469,655        

II-VI, Inc.

    152,521,128       87,776,135       45,346,985       (4,258,322     91,226,500       281,918,456       6,200,098        

KAR Auction Services, Inc.

    127,517,704       116,733,373       18,759,288       (6,419,735     (52,689,329     166,382,725       11,427,385       2,418,446  

NuVasive, Inc.

    192,073,295       22,124,512       22,039,923       (1,625,516     (68,002,825     122,529,543       2,757,811        

PTC Therapeutics, Inc.

          192,524,548       16,357,790       (2,002,854     11,479,475       185,643,379       3,557,068        

Teradata Corp.

    172,696,758       82,606,839       17,713,987       (11,095,886     (68,103,157     158,390,567       8,622,241        
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $     907,114,553     $     721,601,441     $     203,000,089     $     (153,261,094   $     (32,340,493   $     1,240,114,318       49,533,137     $     2,418,446  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
Small Company Fund                                                

Allstar Co.

  $ 721,418     $     $     $     $ 1,913,326     $ 2,634,744       3,136,600     $ 691,539  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 721,418     $     $     $     $ 1,913,326     $ 2,634,744       3,136,600     $ 691,539  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

12.

Investment Transactions:

For the year ended October 31, 2020, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:

 

Fund

   Cost of Purchases
Excluding U.S.
Government
Obligations
     Sales Proceeds
Excluding U.S.
Government
Obligations
     Cost of Purchases
For U.S.
Government
Obligations
     Sales Proceeds
For U.S.
Government
Obligations
     Total Cost of
Purchases
     Total Sales
Proceeds
 

Capital Appreciation Fund

   $     5,386,510,911      $     6,408,684,947      $     —      $     —      $     5,386,510,911      $     6,408,684,947  

Core Equity Fund

     3,761,890,878        1,532,175,556                      3,761,890,878        1,532,175,556  

Dividend and Growth Fund

     2,933,457,424        2,423,341,543                      2,933,457,424        2,423,341,543  

Equity Income Fund

     1,153,523,941        1,255,592,425                      1,153,523,941        1,255,592,425  

Growth Opportunities Fund

     6,088,069,616        6,640,053,475                      6,088,069,616        6,640,053,475  

Healthcare Fund

     655,876,413        714,957,278                      655,876,413        714,957,278  

MidCap Fund

     6,082,643,735        7,941,564,033                      6,082,643,735        7,941,564,033  

MidCap Value Fund

     397,362,327        385,146,886                      397,362,327        385,146,886  

Quality Value Fund

     47,078,499        64,038,117                      47,078,499        64,038,117  

Small Cap Growth Fund

     524,357,837        858,968,255                      524,357,837        858,968,255  

Small Cap Value Fund

     52,268,952        58,824,588                      52,268,952        58,824,588  

Small Company Fund

     645,374,079        705,118,203                      645,374,079        705,118,203  

 

 

  119  

 


Hartford Domestic Equity Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

13.

Capital Share Transactions:

The following information is for the year ended October 31, 2020, and the year ended October 31, 2019:

 

       For the Year Ended
October 31, 2020
       For the Year Ended
October 31, 2019
 
       Shares        Amount        Shares        Amount  
Capital Appreciation Fund                                    

Class A

                   

Shares Sold

       4,936,646        $      174,349,729          6,684,086        $      232,423,382  

Shares Issued for Reinvested Dividends

       6,205,381          227,070,199          22,329,307          687,462,739  

Shares Redeemed

       (20,320,300        (726,270,861        (24,060,103        (834,177,503
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (9,178,273        (324,850,933        4,953,290          85,708,618  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class C

                   

Shares Sold

       646,385        $ 16,546,122          1,093,708        $ 26,748,681  

Shares Issued for Reinvested Dividends

       576,523          15,076,069          3,194,762          71,977,983  

Shares Redeemed

       (5,045,288        (130,502,671        (8,552,882        (220,040,659
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (3,822,380        (98,880,480        (4,264,412        (121,313,995
    

 

 

      

 

 

      

 

 

      

 

 

 

Class I

                   

Shares Sold

       1,956,471        $ 70,731,684          2,525,910        $ 87,546,675  

Shares Issued for Reinvested Dividends

       771,728          28,460,949          2,918,816          90,422,933  

Shares Redeemed

       (5,242,907        (186,790,433        (7,113,244        (243,912,297
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (2,514,708        (87,597,800        (1,668,518        (65,942,689
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R3

                   

Shares Sold

       116,903        $ 4,540,361          112,855        $ 4,432,352  

Shares Issued for Reinvested Dividends

       46,694          1,912,115          236,998          8,150,367  

Shares Redeemed

       (408,486        (16,587,839        (607,653        (23,140,877
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (244,889        (10,135,363        (257,800        (10,558,158
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R4

                   

Shares Sold

       102,404        $ 4,357,340          84,709        $ 3,432,233  

Shares Issued for Reinvested Dividends

       34,702          1,480,745          183,710          6,552,532  

Shares Redeemed

       (305,424        (13,165,782        (573,752        (23,412,700
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (168,318        (7,327,697        (305,333        (13,427,935
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R5

                   

Shares Sold

       73,396        $ 3,082,937          181,208        $ 7,914,397  

Shares Issued for Reinvested Dividends

       37,234          1,629,967          122,722          4,476,273  

Shares Redeemed

       (247,588        (10,879,629        (205,507        (8,681,890
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (136,958        (6,166,725        98,423          3,708,780  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R6

                   

Shares Sold

       154,746        $ 6,189,604          267,939        $ 11,761,170  

Shares Issued for Reinvested Dividends

       80,778          3,562,525          257,757          9,465,639  

Shares Redeemed

       (1,780,995        (77,069,137        (319,035        (13,587,366
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (1,545,471        (67,317,008        206,661          7,639,443  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class Y

                   

Shares Sold

       406,425        $ 17,905,774          941,007        $ 38,590,999  

Shares Issued for Reinvested Dividends

       187,899          8,281,321          618,487          22,707,855  

Shares Redeemed

       (2,600,260        (116,860,535        (1,311,560        (54,361,429
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (2,005,936        (90,673,440        247,934          6,937,425  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class F

                   

Shares Sold

       2,953,391        $ 96,156,703          2,208,483        $ 75,649,434  

Shares Issued for Reinvested Dividends

       1,088,641          40,167,416          4,119,442          127,618,948  

Shares Redeemed

       (6,078,654        (219,729,113        (8,650,541        (303,183,820
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (2,036,622        (83,404,994        (2,322,616        (99,915,438
    

 

 

      

 

 

      

 

 

      

 

 

 

Total Net Increase (Decrease)

       (21,653,555      $ (776,354,440        (3,312,371      $ (207,163,949
    

 

 

      

 

 

      

 

 

      

 

 

 
Core Equity Fund                                    

Class A

                   

Shares Sold

       12,000,329        $      399,459,192          8,354,312        $ 252,717,104  

Shares Issued for Reinvested Dividends

       652,243          22,377,578          1,170,588          31,856,185  

Shares Redeemed

       (7,386,228        (240,896,634        (5,215,218        (160,692,456
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       5,266,344          180,940,136          4,309,682          123,880,833  
    

 

 

      

 

 

      

 

 

      

 

 

 

 

 

  120  

 


Hartford Domestic Equity Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

       For the Year Ended
October 31, 2020
       For the Year Ended
October 31, 2019
 
       Shares        Amount        Shares        Amount  
Core Equity Fund – (continued)                                    

Class C

                   

Shares Sold

       4,551,296        $ 137,663,560          3,448,909        $ 95,348,410  

Shares Issued for Reinvested Dividends

       247,606          7,653,796          502,591          12,459,225  

Shares Redeemed

       (3,263,520        (99,295,785        (2,521,277        (70,389,801
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       1,535,382          46,021,571          1,430,223          37,417,834  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class I

                   

Shares Sold

       55,251,441        $ 1,824,328,535          25,472,720        $      784,168,575  

Shares Issued for Reinvested Dividends

       1,340,855          46,209,109          1,993,782          54,347,120  

Shares Redeemed

       (27,336,937        (896,498,720        (12,866,239        (391,201,983
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       29,255,359          974,038,924          14,600,263          447,313,712  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R3

                   

Shares Sold

       599,499        $ 20,904,257          211,237        $ 6,632,389  

Shares Issued for Reinvested Dividends

       21,100          731,315          48,300          1,333,045  

Shares Redeemed

       (352,314        (11,904,251        (389,729        (12,245,081
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       268,285          9,731,321          (130,192        (4,279,647
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R4

                   

Shares Sold

       1,581,637        $ 56,055,128          1,180,826        $ 37,776,886  

Shares Issued for Reinvested Dividends

       100,713          3,564,282          208,644          5,850,946  

Shares Redeemed

       (1,491,613        (51,795,823        (1,698,103        (53,981,141
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       190,737          7,823,587          (308,633        (10,353,309
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R5

                   

Shares Sold

       1,134,925        $ 38,804,050          1,436,917        $ 45,315,419  

Shares Issued for Reinvested Dividends

       159,932          5,552,692          323,315          8,879,357  

Shares Redeemed

       (2,986,041        (101,176,396        (1,502,323        (47,538,353
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (1,691,184        (56,819,654        257,909          6,656,423  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R6

                   

Shares Sold

       16,027,389        $ 553,894,759          4,632,883        $ 148,100,189  

Shares Issued for Reinvested Dividends

       209,189          7,302,091          253,490          6,992,185  

Shares Redeemed

       (3,524,239        (123,476,087        (2,017,998        (61,880,496
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       12,712,339          437,720,763          2,868,375          93,211,878  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class Y

                   

Shares Sold

       11,888,408        $ 397,928,760          5,881,409        $ 182,841,788  

Shares Issued for Reinvested Dividends

       285,662          9,972,693          370,855          10,229,172  

Shares Redeemed

       (4,866,025        (165,866,944        (2,374,093        (71,937,946
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       7,308,045          242,034,509          3,878,171          121,133,014  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class F

                   

Shares Sold

       29,798,828        $     1,002,322,628          33,881,513        $     1,030,449,832  

Shares Issued for Reinvested Dividends

       1,403,840          48,429,362          1,240,370          33,816,032  

Shares Redeemed

       (18,375,875        (609,580,679        (6,710,781        (209,251,668
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       12,826,793          441,171,311          28,411,102          855,014,196  
    

 

 

      

 

 

      

 

 

      

 

 

 

Total Net Increase (Decrease)

       67,672,100        $ 2,282,662,468          55,316,900        $ 1,669,994,934  
    

 

 

      

 

 

      

 

 

      

 

 

 
Dividend and Growth Fund                                    

Class A

                   

Shares Sold

       12,878,095        $ 307,347,699          10,848,253        $ 260,738,740  

Shares Issued for Reinvested Dividends

       6,355,646          158,639,507          16,688,013          372,818,519  

Shares Redeemed

       (23,863,951        (575,703,006        (20,698,694        (499,914,217
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (4,630,210        (109,715,800        6,837,572          133,643,042  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class C

                   

Shares Sold

       1,341,581        $ 31,800,923          1,414,298        $ 32,132,341  

Shares Issued for Reinvested Dividends

       277,274          6,745,974          1,026,732          21,933,732  

Shares Redeemed

       (3,403,410        (78,986,558        (3,932,419        (91,472,582
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (1,784,555        (40,439,661        (1,491,389        (37,406,509
    

 

 

      

 

 

      

 

 

      

 

 

 

Class I

                   

Shares Sold

       44,546,101        $ 1,034,422,781          13,889,977        $ 332,507,196  

Shares Issued for Reinvested Dividends

       2,167,389          53,242,132          3,988,160          88,918,028  

Shares Redeemed

       (18,862,040        (444,869,560        (9,237,704        (220,366,922
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       27,851,450          642,795,353          8,640,433          201,058,302  
    

 

 

      

 

 

      

 

 

      

 

 

 

 

 

  121  

 


Hartford Domestic Equity Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

       For the Year Ended
October 31, 2020
       For the Year Ended
October 31, 2019
 
       Shares        Amount        Shares        Amount  
Dividend and Growth Fund – (continued)                                    

Class R3

                   

Shares Sold

       319,957        $ 7,867,244          328,462        $ 8,057,448  

Shares Issued for Reinvested Dividends

       98,410          2,513,108          314,415          7,102,460  

Shares Redeemed

       (713,282        (17,768,056        (931,518        (22,971,895
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (294,915        (7,387,704        (288,641        (7,811,987
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R4

                   

Shares Sold

       646,555        $ 15,896,512          1,040,819        $ 25,469,227  

Shares Issued for Reinvested Dividends

       137,823          3,531,150          460,939          10,513,161  

Shares Redeemed

       (1,673,250        (42,325,963        (2,335,283        (58,396,232
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (888,872        (22,898,301        (833,525        (22,413,844
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R5

                   

Shares Sold

       2,555,808        $ 63,782,124          3,271,224        $ 81,329,519  

Shares Issued for Reinvested Dividends

       142,472          3,650,977          245,192          5,650,369  

Shares Redeemed

       (2,841,394        (70,963,602        (1,841,585        (46,178,130
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (143,114        (3,530,501        1,674,831          40,801,758  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R6

                   

Shares Sold

       4,880,872        $ 113,525,683          2,225,050        $ 55,216,561  

Shares Issued for Reinvested Dividends

       237,877          5,996,137          391,648          9,024,849  

Shares Redeemed

       (1,733,037        (42,798,399        (993,067        (24,710,883
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       3,385,712          76,723,421          1,623,631          39,530,527  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class Y

                   

Shares Sold

       9,848,904        $ 247,712,473          5,457,856        $ 135,046,773  

Shares Issued for Reinvested Dividends

       1,131,629          28,911,339          2,777,641          63,824,725  

Shares Redeemed

       (7,635,109        (181,522,018        (5,583,324        (138,468,750
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       3,345,424          95,101,794          2,652,173          60,402,748  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class F

                   

Shares Sold

       27,526,744        $ 644,478,859          16,093,030        $ 386,215,855  

Shares Issued for Reinvested Dividends

       5,376,050          132,513,123          12,928,718          287,825,698  

Shares Redeemed

       (29,713,611        (707,975,552        (20,334,098        (490,952,552
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       3,189,183          69,016,430          8,687,650          183,089,001  
    

 

 

      

 

 

      

 

 

      

 

 

 

Total Net Increase (Decrease)

       30,030,103        $      699,665,031          27,502,735        $      590,893,038  
    

 

 

      

 

 

      

 

 

      

 

 

 
Equity Income Fund                                    

Class A

                   

Shares Sold

       7,828,556        $ 136,913,278          6,480,746        $ 121,285,443  

Shares Issued for Reinvested Dividends

       6,504,295          121,363,438          7,839,935          137,242,745  

Shares Redeemed

       (14,827,638        (260,683,783        (13,808,960        (258,119,451
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (494,787        (2,407,067        511,721          408,737  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class C

                   

Shares Sold

       919,038        $ 16,271,303          1,403,741        $ 25,634,319  

Shares Issued for Reinvested Dividends

       1,018,170          19,066,339          1,490,092          25,756,245  

Shares Redeemed

       (5,650,866        (99,286,782        (5,337,720        (99,926,506
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (3,713,658        (63,949,140        (2,443,887        (48,535,942
    

 

 

      

 

 

      

 

 

      

 

 

 

Class I

                   

Shares Sold

       24,304,724        $ 412,538,522          12,788,727        $ 238,778,998  

Shares Issued for Reinvested Dividends

       3,968,707          73,365,491          5,610,079          97,562,348  

Shares Redeemed

       (20,447,146        (354,091,319        (30,170,664        (559,232,499
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       7,826,285          131,812,694          (11,771,858        (222,891,153
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R3

                   

Shares Sold

       271,229        $ 4,760,437          201,583        $ 3,801,906  

Shares Issued for Reinvested Dividends

       167,445          3,145,148          229,662          4,011,859  

Shares Redeemed

       (802,663        (14,461,635        (671,796        (12,589,934
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (363,989        (6,556,050        (240,551        (4,776,169
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R4

                   

Shares Sold

       608,869        $ 10,607,139          517,003        $ 9,693,018  

Shares Issued for Reinvested Dividends

       165,375          3,099,772          271,292          4,754,392  

Shares Redeemed

       (1,115,129        (20,177,582        (1,721,384        (32,616,945
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (340,885        (6,470,671        (933,089        (18,169,535
    

 

 

      

 

 

      

 

 

      

 

 

 

 

 

  122  

 


Hartford Domestic Equity Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

       For the Year Ended
October 31, 2020
       For the Year Ended
October 31, 2019
 
       Shares        Amount        Shares        Amount  
Equity Income Fund – (continued)                                    

Class R5

                   

Shares Sold

       802,326        $ 14,635,220          1,131,152        $ 21,619,237  

Shares Issued for Reinvested Dividends

       278,873          5,250,372          360,589          6,368,591  

Shares Redeemed

       (1,956,200        (36,004,334        (1,508,603        (28,818,781
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (875,001        (16,118,742        (16,862        (830,953
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R6

                   

Shares Sold

       1,617,179        $ 29,511,931          1,148,910        $ 22,234,541  

Shares Issued for Reinvested Dividends

       215,494          4,044,046          193,154          3,429,995  

Shares Redeemed

       (1,293,116        (23,556,776        (544,409        (10,408,102
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       539,557          9,999,201          797,655          15,256,434  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class Y

                   

Shares Sold

       2,226,330        $ 40,140,301          2,508,088        $ 47,678,296  

Shares Issued for Reinvested Dividends

       392,940          7,398,398          658,477          11,609,476  

Shares Redeemed

       (3,219,621        (56,256,214        (5,123,450        (95,079,692
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (600,351        (8,717,515        (1,956,885        (35,791,920
    

 

 

      

 

 

      

 

 

      

 

 

 

Class F

                   

Shares Sold

       11,762,717        $      205,404,640          10,316,801        $ 193,403,821  

Shares Issued for Reinvested Dividends

       4,181,434          77,191,341          4,372,836          76,382,908  

Shares Redeemed

       (11,310,899        (199,892,407        (8,455,981        (159,836,569
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       4,633,252          82,703,574          6,233,656               109,950,160  
    

 

 

      

 

 

      

 

 

      

 

 

 

Total Net Increase (Decrease)

       6,610,423        $ 120,296,284          (9,820,100      $ (205,380,341
    

 

 

      

 

 

      

 

 

      

 

 

 
Growth Opportunities Fund                                    

Class A

                   

Shares Sold

       5,812,021        $       259,824,535          5,563,708        $       213,086,115  

Shares Issued for Reinvested Dividends

       3,358,472          128,192,872          13,501,045          442,159,235  

Shares Redeemed

       (8,349,301        (364,377,295        (9,974,318        (382,016,437
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       821,192          23,640,112          9,090,435          273,228,913  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class C

                   

Shares Sold

       2,155,278        $ 46,083,147          3,170,815        $ 62,375,652  

Shares Issued for Reinvested Dividends

       1,561,881          29,066,389          5,635,659          96,538,837  

Shares Redeemed

       (5,277,715        (112,869,127        (6,028,908        (121,531,114
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (1,560,556        (37,719,591        2,777,566          37,383,375  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class I

                   

Shares Sold

       8,087,671        $ 380,046,455          11,781,273        $ 478,068,139  

Shares Issued for Reinvested Dividends

       1,712,981          69,821,119          8,365,419          290,614,670  

Shares Redeemed

       (16,144,778        (718,420,627        (19,254,836        (785,597,820
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (6,344,126        (268,553,053        891,856          (16,915,011
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R3

                   

Shares Sold

       183,888        $ 8,139,758          218,666        $ 8,369,169  

Shares Issued for Reinvested Dividends

       70,480          2,685,999          309,474          10,153,854  

Shares Redeemed

       (510,198        (22,155,084        (429,915        (16,932,192
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (255,830        (11,329,327        98,225          1,590,831  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R4

                   

Shares Sold

       248,241        $ 12,098,571          250,422        $ 10,352,870  

Shares Issued for Reinvested Dividends

       84,663          3,477,115          446,887          15,681,250  

Shares Redeemed

       (714,482        (33,779,284        (746,989        (31,374,403
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (381,578        (18,203,598        (49,680        (5,340,283
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R5

                   

Shares Sold

       145,107        $ 7,246,281          186,925        $ 8,171,987  

Shares Issued for Reinvested Dividends

       30,971          1,353,114          109,194          4,050,013  

Shares Redeemed

       (373,606        (18,780,243        (119,452        (5,325,984
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (197,528        (10,180,848        176,667          6,896,016  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R6

                   

Shares Sold

       306,651        $ 16,060,946          357,710        $ 15,726,095  

Shares Issued for Reinvested Dividends

       28,918          1,288,564          64,798          2,446,116  

Shares Redeemed

       (200,896        (10,416,531        (159,208        (7,327,990
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       134,673          6,932,979          263,300          10,844,221  
    

 

 

      

 

 

      

 

 

      

 

 

 

 

 

  123  

 


Hartford Domestic Equity Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

       For the Year Ended
October 31, 2020
       For the Year Ended
October 31, 2019
 
       Shares        Amount        Shares        Amount  
Growth Opportunities Fund – (continued)                                    

Class Y

                   

Shares Sold

       4,986,167        $ 311,128,698          1,911,323        $ 84,186,840  

Shares Issued for Reinvested Dividends

       199,027          8,864,641          650,084          24,540,654  

Shares Redeemed

       (2,009,071        (111,330,500        (1,452,543        (67,133,531
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       3,176,123          208,662,839          1,108,864          41,593,963  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class F

                   

Shares Sold

       3,945,706        $ 196,024,123          3,874,932        $ 160,316,539  

Shares Issued for Reinvested Dividends

       769,915          31,497,242          2,537,024          88,339,164  

Shares Redeemed

       (3,691,002        (177,948,400        (2,258,227        (94,166,031
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       1,024,619          49,572,965          4,153,729          154,489,672  
    

 

 

      

 

 

      

 

 

      

 

 

 

Total Net Increase (Decrease)

       (3,583,011      $ (57,177,522        18,510,962        $ 503,771,697  
    

 

 

      

 

 

      

 

 

      

 

 

 
Healthcare Fund                                    

Class A

                   

Shares Sold

       1,358,922        $       51,528,734          1,270,592        $       42,474,857  

Shares Issued for Reinvested Dividends

       1,142,449          42,179,219          1,531,546          47,003,147  

Shares Redeemed

       (2,954,883        (111,468,464        (3,947,053        (131,520,198
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (453,512        (17,760,511        (1,144,915        (42,042,194
    

 

 

      

 

 

      

 

 

      

 

 

 

Class C

                   

Shares Sold

       416,479        $ 12,224,079          386,423        $ 10,098,608  

Shares Issued for Reinvested Dividends

       382,047          10,983,839          549,060          13,440,993  

Shares Redeemed

       (1,283,408        (37,962,383        (1,751,911        (46,660,248
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (484,882        (14,754,465        (816,428        (23,120,647
    

 

 

      

 

 

      

 

 

      

 

 

 

Class I

                   

Shares Sold

       2,595,432        $ 104,468,275          1,860,549        $ 65,494,008  

Shares Issued for Reinvested Dividends

       416,322          16,319,822          716,965          23,208,155  

Shares Redeemed

       (2,244,715        (89,839,287        (5,201,462        (180,879,649
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       767,039          30,948,810          (2,623,948        (92,177,486
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R3

                   

Shares Sold

       197,480        $ 7,654,724          140,316        $ 4,727,398  

Shares Issued for Reinvested Dividends

       55,830          2,117,618          82,110          2,592,207  

Shares Redeemed

       (439,877        (17,102,681        (381,548        (13,280,244
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (186,567        (7,330,339        (159,122        (5,960,639
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R4

                   

Shares Sold

       200,061        $ 8,245,646          153,972        $ 5,595,659  

Shares Issued for Reinvested Dividends

       36,845          1,484,498          61,171          2,038,224  

Shares Redeemed

       (365,083        (15,109,587        (397,220        (14,387,290
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (128,177        (5,379,443        (182,077        (6,753,407
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R5

                   

Shares Sold

       209,035        $ 9,163,668          98,097        $ 3,776,425  

Shares Issued for Reinvested Dividends

       8,515          362,223          12,444          435,292  

Shares Redeemed

       (137,584        (5,877,478        (158,841        (6,002,309
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       79,966          3,648,413          (48,300        (1,790,592
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R6(1)

                   

Shares Sold

       54,266        $ 2,377,216          33,146        $ 1,302,429  

Shares Issued for Reinvested Dividends

       3,211          138,636                    

Shares Redeemed

       (9,001        (390,531        (660        (26,300
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       48,476          2,125,321          32,486          1,276,129  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class Y

                   

Shares Sold

       542,348        $ 23,900,470          669,883        $ 26,123,541  

Shares Issued for Reinvested Dividends

       96,305          4,156,525          94,877          3,362,455  

Shares Redeemed

       (367,262        (16,122,522        (354,102        (13,626,705
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       271,391          11,934,473          410,658          15,859,291  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class F

                   

Shares Sold

       135,930        $ 5,893,269          72,466        $ 2,542,615  

Shares Issued for Reinvested Dividends

       45,179          1,776,419          158,658          5,145,276  

Shares Redeemed

       (154,961        (6,147,780        (1,561,880        (51,838,121
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       26,148          1,521,908          (1,330,756        (44,150,230
    

 

 

      

 

 

      

 

 

      

 

 

 

Total Net Increase (Decrease)

       (60,118      $ 4,954,167          (5,862,402      $ (198,859,775
    

 

 

      

 

 

      

 

 

      

 

 

 

 

 

  124  

 


Hartford Domestic Equity Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

       For the Year Ended
October 31, 2020
       For the Year Ended
October 31, 2019
 
       Shares        Amount        Shares        Amount  
MidCap Fund                                    

Class A

                   

Shares Sold

       7,479,560        $       213,627,977          10,562,439        $       302,872,439  

Shares Issued for Reinvested Dividends

       4,994,716          148,592,803          11,616,898          286,472,704  

Shares Redeemed

       (16,503,575        (468,979,095        (15,519,945        (445,949,253
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (4,029,299        (106,758,315        6,659,392          143,395,890  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class C

                   

Shares Sold

       1,573,527        $ 30,282,962          3,619,415        $ 71,020,807  

Shares Issued for Reinvested Dividends

       1,866,822          37,149,763          5,087,766          86,695,527  

Shares Redeemed

       (8,672,532        (165,685,884        (11,310,026        (222,847,023
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (5,232,183        (98,253,159        (2,602,845        (65,130,689
    

 

 

      

 

 

      

 

 

      

 

 

 

Class I

                   

Shares Sold

       46,979,290        $ 1,323,608,186          42,632,618        $ 1,267,074,961  

Shares Issued for Reinvested Dividends

       6,833,413          211,084,130          15,195,028          387,321,276  

Shares Redeemed

       (65,064,509        (1,964,863,323        (43,805,361        (1,290,404,699
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (11,251,806        (430,171,007        14,022,285          363,991,538  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R3

                   

Shares Sold

       732,243        $ 22,709,563          556,017        $ 17,863,858  

Shares Issued for Reinvested Dividends

       135,870          4,553,016          380,030          10,526,822  

Shares Redeemed

       (1,028,675        (33,458,482        (1,180,346        (38,151,880
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (160,562        (6,195,903        (244,299        (9,761,200
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R4

                   

Shares Sold

       1,188,661        $ 39,805,895          2,008,473        $ 67,464,654  

Shares Issued for Reinvested Dividends

       324,499          11,409,397          881,164          25,483,275  

Shares Redeemed

       (3,333,796        (113,157,709        (3,755,272        (128,083,303
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (1,820,636        (61,942,417        (865,635        (35,135,374
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R5

                   

Shares Sold

       2,214,020        $ 77,371,989          5,884,056        $ 201,889,123  

Shares Issued for Reinvested Dividends

       534,352          19,461,090          1,361,847          40,610,288  

Shares Redeemed

       (6,388,662        (229,431,554        (6,880,878        (238,241,924
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (3,640,290        (132,598,475        365,025          4,257,487  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R6

                   

Shares Sold

       13,129,081        $      470,477,844          23,570,871        $ 824,805,540  

Shares Issued for Reinvested Dividends

       1,978,533          72,988,070          3,466,868          104,560,740  

Shares Redeemed

       (15,444,055        (551,163,077        (8,765,259        (311,279,864
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (336,441        (7,697,163        18,272,480          618,086,416  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class Y

                   

Shares Sold

       8,081,483        $ 279,248,651          13,498,176        $ 461,820,073  

Shares Issued for Reinvested Dividends

       1,713,171          63,096,079          4,622,179          139,266,264  

Shares Redeemed

       (21,978,523        (783,693,402        (29,761,816        (1,038,153,416
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (12,183,869        (441,348,672        (11,641,461        (437,067,079
    

 

 

      

 

 

      

 

 

      

 

 

 

Class F

                   

Shares Sold

       20,067,998        $ 592,511,897          23,838,251        $ 717,246,012  

Shares Issued for Reinvested Dividends

       3,417,284          105,901,640          6,900,254          176,232,472  

Shares Redeemed

       (19,463,971        (580,117,317        (12,295,039        (370,932,155
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       4,021,311          118,296,220          18,443,466          522,546,329  
    

 

 

      

 

 

      

 

 

      

 

 

 

Total Net Increase (Decrease)

       (34,633,775      $ (1,166,668,891        42,408,408        $     1,105,183,318  
    

 

 

      

 

 

      

 

 

      

 

 

 
MidCap Value Fund                                    

Class A

                   

Shares Sold

       2,480,138        $       30,751,925          3,015,194        $       39,850,799  

Shares Issued for Reinvested Dividends

       633,942          9,248,149          2,634,934          31,694,686  

Shares Redeemed

       (4,519,018        (55,158,666        (3,749,358        (50,258,979
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (1,404,938        (15,158,592        1,900,770          21,286,506  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class C

                   

Shares Sold

       121,039        $ 1,113,875          219,028        $ 2,302,437  

Shares Issued for Reinvested Dividends

       40,108          460,945          240,187          2,313,001  

Shares Redeemed

       (556,664        (5,538,552        (572,160        (6,156,895
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (395,517        (3,963,732        (112,945        (1,541,457
    

 

 

      

 

 

      

 

 

      

 

 

 

 

 

  125  

 


Hartford Domestic Equity Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

       For the Year Ended
October 31, 2020
       For the Year Ended
October 31, 2019
 
       Shares        Amount        Shares        Amount  
MidCap Value Fund – (continued)                                    

Class I

                   

Shares Sold

       520,034        $ 6,756,443          414,930        $ 5,677,380  

Shares Issued for Reinvested Dividends

       66,544          983,484          300,075          3,648,250  

Shares Redeemed

       (1,126,169        (13,885,918        (939,685        (12,651,962
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (539,591        (6,145,991        (224,680        (3,326,332
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R3

                   

Shares Sold

       83,482        $ 1,027,547          77,867        $ 1,086,097  

Shares Issued for Reinvested Dividends

       12,474          191,545          72,689          922,418  

Shares Redeemed

       (211,872        (2,849,232        (250,237        (3,619,666
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (115,916        (1,630,140        (99,681        (1,611,151
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R4

                   

Shares Sold

       112,090        $ 1,454,297          125,020        $ 1,801,520  

Shares Issued for Reinvested Dividends

       19,234          303,476          82,313          1,068,388  

Shares Redeemed

       (222,635        (3,007,462        (194,448        (2,814,110
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (91,311        (1,249,689        12,885          55,798  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R5

                   

Shares Sold

       9,680        $ 139,991          68,987        $ 961,987  

Shares Issued for Reinvested Dividends

       2,874          46,111          36,259          477,765  

Shares Redeemed

       (7,314        (94,084        (517,692        (7,282,905
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       5,240          92,018          (412,446        (5,843,153
    

 

 

      

 

 

      

 

 

      

 

 

 

Class Y

                   

Shares Sold

       126,076        $ 1,744,448          291,417        $ 4,364,547  

Shares Issued for Reinvested Dividends

       24,096          388,031          90,660          1,198,031  

Shares Redeemed

       (202,609        (2,806,695        (306,083        (4,432,547
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (52,437        (674,216        75,994          1,130,031  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class F

                   

Shares Sold

       8,138,328        $      100,149,062          6,169,822        $ 84,036,654  

Shares Issued for Reinvested Dividends

       724,542          10,710,609          2,440,229          29,675,324  

Shares Redeemed

       (6,157,364        (78,365,435        (4,278,093        (58,547,425
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       2,705,506          32,494,236          4,331,958          55,164,553  
    

 

 

      

 

 

      

 

 

      

 

 

 

Total Net Increase (Decrease)

       111,036        $ 3,763,894          5,471,855        $ 65,314,795  
    

 

 

      

 

 

      

 

 

      

 

 

 
Quality Value Fund                                    

Class A

                   

Shares Sold

       439,196        $       8,293,523          515,463        $       10,074,937  

Shares Issued for Reinvested Dividends

       399,950          8,456,495          572,123          10,176,420  

Shares Redeemed

       (1,349,336        (25,330,604        (1,261,687        (24,792,514
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (510,190        (8,580,586        (174,101        (4,541,157
    

 

 

      

 

 

      

 

 

      

 

 

 

Class C

                   

Shares Sold

       27,218        $ 445,180          48,982        $ 803,712  

Shares Issued for Reinvested Dividends

       16,808          302,140          28,768          438,130  

Shares Redeemed

       (189,929        (3,063,775        (229,704        (3,910,337
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (145,903        (2,316,455        (151,954        (2,668,495
    

 

 

      

 

 

      

 

 

      

 

 

 

Class I

                   

Shares Sold

       116,192        $ 2,216,237          118,116        $ 2,316,278  

Shares Issued for Reinvested Dividends

       32,925          686,590          47,997          841,546  

Shares Redeemed

       (167,957        (3,198,931        (208,357        (4,046,731
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (18,840        (296,104        (42,244        (888,907
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R3

                   

Shares Sold

       5,088        $ 93,854          17,295        $ 356,081  

Shares Issued for Reinvested Dividends

       2,697          57,990          3,279          59,308  

Shares Redeemed

       (20,388        (402,055        (15,768        (322,706
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (12,603        (250,211        4,806          92,683  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R4

                   

Shares Sold

       42,840        $ 822,386          27,215        $ 549,127  

Shares Issued for Reinvested Dividends

       13,979          303,759          19,976          364,460  

Shares Redeemed

       (131,128        (2,658,103        (63,260        (1,291,227
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (74,309        (1,531,958        (16,069        (377,640
    

 

 

      

 

 

      

 

 

      

 

 

 

 

 

  126  

 


Hartford Domestic Equity Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

       For the Year Ended
October 31, 2020
       For the Year Ended
October 31, 2019
 
       Shares        Amount        Shares        Amount  
Quality Value Fund – (continued)                                    

Class R5

                   

Shares Sold

       510        $ 10,672          1,251        $ 24,050  

Shares Issued for Reinvested Dividends

       566          12,405          1,768          32,495  

Shares Redeemed

       (173        (3,456        (16,898        (357,155
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       903          19,621          (13,879        (300,610
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R6

                   

Shares Sold

       25,758        $ 484,275          1,060        $ 21,715  

Shares Issued for Reinvested Dividends

       83          1,828          35          650  

Shares Redeemed

       (2,382        (47,033        (6        (133
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       23,459          439,070          1,089          22,232  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class Y

                   

Shares Sold

       7,651        $ 158,274          27,388        $ 566,227  

Shares Issued for Reinvested Dividends

       1,541          33,830          2,143          39,465  

Shares Redeemed

       (17,842        (304,447        (30,147        (614,974
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (8,650        (112,343        (616        (9,282
    

 

 

      

 

 

      

 

 

      

 

 

 

Class F

                   

Shares Sold

       110,798        $ 1,978,094          106,180        $ 2,050,010  

Shares Issued for Reinvested Dividends

       31,266          650,547          350,111          6,128,466  

Shares Redeemed

       (181,962        (3,365,916        (4,395,222        (84,991,695
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (39,898        (737,275        (3,938,931        (76,813,219
    

 

 

      

 

 

      

 

 

      

 

 

 

Total Net Increase (Decrease)

       (786,031      $ (13,366,241        (4,331,899      $ (85,484,395
    

 

 

      

 

 

      

 

 

      

 

 

 
Small Cap Growth Fund                                    

Class A

                   

Shares Sold

       129,404        $         5,969,147          143,713        $ 6,367,732  

Shares Issued for Reinvested Dividends

       64,625          3,116,821          1,137,942                42,820,742  

Shares Redeemed

       (602,309        (27,705,360        (691,468        (30,501,386
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (408,280        (18,619,392        590,187          18,687,088  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class C

                   

Shares Sold

       4,911        $ 150,801          33,213        $ 900,484  

Shares Issued for Reinvested Dividends

       10,908          352,646          236,201          6,042,022  

Shares Redeemed

       (164,584        (5,078,582        (315,783        (9,391,318
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (148,765        (4,575,135        (46,369        (2,448,812
    

 

 

      

 

 

      

 

 

      

 

 

 

Class I

                   

Shares Sold

       1,191,528        $ 51,688,394          2,177,043        $ 98,419,282  

Shares Issued for Reinvested Dividends

       57,456          2,916,489          1,099,491          43,341,934  

Shares Redeemed

       (3,414,260        (171,804,734        (3,548,369        (163,047,531
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (2,165,276        (117,199,851        (271,835        (21,286,315
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R3

                   

Shares Sold

       41,973        $ 1,789,694          69,866        $ 2,907,966  

Shares Issued for Reinvested Dividends

       3,087          146,681          60,131          2,234,481  

Shares Redeemed

       (119,534        (5,504,341        (148,734        (6,537,096
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (74,474        (3,567,966        (18,737        (1,394,649
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R4

                   

Shares Sold

       138,690        $ 6,582,259          285,710        $ 12,583,104  

Shares Issued for Reinvested Dividends

       12,210          614,885          297,846          11,687,478  

Shares Redeemed

       (456,656        (20,953,685        (909,172        (41,585,558
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (305,756        (13,756,541        (325,616        (17,314,976
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R5

                   

Shares Sold

       720,572        $ 37,862,183          484,882        $ 22,426,482  

Shares Issued for Reinvested Dividends

       21,655          1,157,694          397,887          16,508,317  

Shares Redeemed

       (1,119,362        (58,971,093        (844,219        (41,911,678
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (377,135        (19,951,216        38,550          (2,976,879
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R6

                   

Shares Sold

       1,797,542        $ 98,016,701          827,350        $ 38,567,669  

Shares Issued for Reinvested Dividends

       17,777          965,664          205,988          8,674,158  

Shares Redeemed

       (1,722,133        (85,535,221        (479,346        (23,694,911
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       93,186          13,447,144          553,992          23,546,916  
    

 

 

      

 

 

      

 

 

      

 

 

 

 

 

  127  

 


Hartford Domestic Equity Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

       For the Year Ended
October 31, 2020
       For the Year Ended
October 31, 2019
 
       Shares        Amount        Shares        Amount  
Small Cap Growth Fund – (continued)                                    

Class Y

                   

Shares Sold

       1,010,537        $ 51,567,246          3,471,469        $ 173,976,901  

Shares Issued for Reinvested Dividends

       92,203          5,010,332          1,656,136          69,789,590  

Shares Redeemed

       (3,823,424        (209,045,933        (3,955,235        (186,437,170
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (2,720,684        (152,468,355        1,172,370          57,329,321  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class F

                   

Shares Sold

       192,412        $ 7,897,145          229,925        $ 10,549,148  

Shares Issued for Reinvested Dividends

       12,299          626,749          221,268          8,748,931  

Shares Redeemed

       (354,986        (17,110,113        (324,117        (15,214,484
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (150,275        (8,586,219        127,076          4,083,595  
    

 

 

      

 

 

      

 

 

      

 

 

 

Total Net Increase (Decrease)

       (6,257,459      $ (325,277,531        1,819,618        $ 58,225,289  
    

 

 

      

 

 

      

 

 

      

 

 

 
Small Cap Value Fund                                    

Class A

                   

Shares Sold

       431,215        $        3,396,385          535,811        $        5,599,188  

Shares Issued for Reinvested Dividends

       292,505          2,936,036          1,345,441          12,452,725  

Shares Redeemed

       (1,289,036        (10,577,661        (1,175,436        (12,205,028
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (565,316        (4,245,240        705,816          5,846,885  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class C

                   

Shares Sold

       31,607        $ 222,855          27,521        $ 250,111  

Shares Issued for Reinvested Dividends

       26,761          229,881          201,614          1,622,991  

Shares Redeemed

       (189,586        (1,389,193        (336,158        (3,016,977
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (131,218        (936,457        (107,023        (1,143,875
    

 

 

      

 

 

      

 

 

      

 

 

 

Class I

                   

Shares Sold

       295,467        $ 2,831,571          290,021        $ 3,176,128  

Shares Issued for Reinvested Dividends

       41,551          418,405          101,935          945,995  

Shares Redeemed

       (405,903        (3,187,749        (246,872        (2,384,735
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (68,885        62,227          145,084          1,737,388  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R3

                   

Shares Sold

       9,891        $ 82,868          12,137        $ 130,291  

Shares Issued for Reinvested Dividends

       3,512          36,622          12,847          123,296  

Shares Redeemed

       (17,164        (139,499        (5,951        (64,581
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (3,761        (20,009        19,033          189,006  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R4

                   

Shares Sold

       1,313        $ 11,330          2,596        $ 26,803  

Shares Issued for Reinvested Dividends

       226          2,398          493          4,797  

Shares Redeemed

       (4,441        (42,520        (92        (993
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (2,902        (28,792        2,997          30,607  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R5

                   

Shares Sold

       1,479        $ 10,000                 $  

Shares Issued for Reinvested Dividends

       69          730          888          8,638  

Shares Redeemed

       (1,479        (11,716        (2,386        (24,304
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       69          (986        (1,498        (15,666
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R6

                   

Shares Sold

       18,071        $ 163,710          8,510        $ 91,476  

Shares Issued for Reinvested Dividends

       665          7,036          253          2,456  

Shares Redeemed

       (741        (7,349        (11        (110
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       17,995          163,397          8,752          93,822  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class Y

                   

Shares Sold

       842        $ 7,711          27,569        $ 298,131  

Shares Issued for Reinvested Dividends

       2,671          28,235          11,902          115,661  

Shares Redeemed

       (27,529        (261,033        (32,472        (375,274
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (24,016        (225,087        6,999          38,518  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class F

                   

Shares Sold

       906,600        $ 7,468,195          1,466,457        $ 14,533,039  

Shares Issued for Reinvested Dividends

       329,545          3,318,168          1,036,113          9,621,393  

Shares Redeemed

       (1,038,699        (8,257,092        (619,373        (6,521,061
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       197,446          2,529,271          1,883,197          17,633,371  
    

 

 

      

 

 

      

 

 

      

 

 

 

Total Net Increase (Decrease)

       (580,588      $ (2,701,676        2,663,357        $ 24,410,056  
    

 

 

      

 

 

      

 

 

      

 

 

 

 

 

  128  

 


Hartford Domestic Equity Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

       For the Year Ended
October 31, 2020
       For the Year Ended
October 31, 2019
 
       Shares        Amount        Shares        Amount  
Small Company Fund                                    

Class A

                   

Shares Sold

       1,886,865        $      39,854,997          1,819,229        $      35,427,303  

Shares Issued for Reinvested Dividends

       956,824          19,433,104          3,082,592          50,462,033  

Shares Redeemed

       (2,885,202        (59,241,409        (2,373,495        (46,229,828
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (41,513        46,692          2,528,326          39,659,508  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class C

                   

Shares Sold

       116,822        $ 1,577,039          124,624        $ 1,583,364  

Shares Issued for Reinvested Dividends

       70,385          901,628          252,369          2,718,019  

Shares Redeemed

       (366,573        (4,857,687        (358,239        (4,604,087
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (179,366        (2,379,020        18,754          (302,704
    

 

 

      

 

 

      

 

 

      

 

 

 

Class I

                   

Shares Sold

       296,143        $ 6,816,692          217,227        $ 4,551,958  

Shares Issued for Reinvested Dividends

       75,333          1,633,979          279,521          4,855,272  

Shares Redeemed

       (304,758        (6,628,138        (478,368        (9,730,251
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       66,718          1,822,533          18,380          (323,021
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R3

                   

Shares Sold

       89,211        $ 1,943,559          134,256        $ 2,730,277  

Shares Issued for Reinvested Dividends

       35,475          793,230          146,146          2,626,237  

Shares Redeemed

       (258,886        (5,812,439        (330,361        (7,087,474
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (134,200        (3,075,650        (49,959        (1,730,960
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R4

                   

Shares Sold

       118,455        $ 2,883,625          147,445        $ 3,466,416  

Shares Issued for Reinvested Dividends

       31,292          752,892          125,461          2,408,843  

Shares Redeemed

       (304,693        (7,836,433        (280,883        (6,458,571
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (154,946        (4,199,916        (7,977        (583,312
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R5

                   

Shares Sold

       44,314        $ 1,187,403          62,555        $ 1,589,279  

Shares Issued for Reinvested Dividends

       6,152          157,911          19,819          403,513  

Shares Redeemed

       (56,252        (1,506,697        (55,755        (1,415,258
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (5,786        (161,383        26,619          577,534  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R6

                   

Shares Sold

       43,328        $ 1,379,271          2,145        $ 54,273  

Shares Issued for Reinvested Dividends

       220          5,772          1,032          21,469  

Shares Redeemed

       (5,289        (151,909        (553        (14,301
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       38,259          1,233,134          2,624          61,441  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class Y

                   

Shares Sold

       236,078        $ 6,005,173          165,468        $ 4,153,738  

Shares Issued for Reinvested Dividends

       58,965          1,548,420          252,900          5,260,320  

Shares Redeemed

       (943,050        (22,519,569        (475,656        (10,480,486
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (648,007        (14,965,976        (57,288        (1,066,428
    

 

 

      

 

 

      

 

 

      

 

 

 

Class F

                   

Shares Sold

       1,838,858        $       40,440,450          4,045,700        $ 86,904,113  

Shares Issued for Reinvested Dividends

       518,887          11,316,929          1,153,443          20,116,041  

Shares Redeemed

       (2,396,511        (56,036,553        (1,258,713        (26,615,628
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (38,766        (4,279,174        3,940,430          80,404,526  
    

 

 

      

 

 

      

 

 

      

 

 

 

Total Net Increase (Decrease)

       (1,097,607      $ (25,958,760        6,419,909        $     116,696,584  
    

 

 

      

 

 

      

 

 

      

 

 

 

 

  (1) 

Inception date was February 28, 2019.

 

14.

Line of Credit:

Each Fund participates in a committed line of credit pursuant to a credit agreement dated March 5, 2020. Each Fund may borrow under the line of credit for temporary or emergency purposes. The Funds (together with certain other Hartford Funds) may borrow up to $350 million in the aggregate, subject to asset coverage and other limitations specified in the credit agreement. The interest rate on borrowings varies depending on the nature of the loan. The facility also charges a commitment fee, which is allocated ratably by assets based on a Fund’s actual net assets if the Fund has total assets of less than or equal to $1.05 billion and for all other participating funds, based on the notional asset level of $1.05 billion. During and as of the year ended October 31, 2020, none of the Funds had borrowings under this facility.

 

 

  129  

 


Hartford Domestic Equity Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

15.

Indemnifications:

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

 

16.

Recent Accounting Pronouncement:

In August 2018, the FASB issued Accounting Standards Update 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement (“ASU 2018-13”). The update introduces new fair value disclosure requirements, eliminates some prior fair value disclosure requirements, and modifies certain existing fair value disclosure requirements.

ASU 2018-13 is effective for fiscal years beginning after December 15, 2019 and for interim periods within those fiscal years. Management has adopted this guidance and it did not have a material impact on the Funds’ financial statements.

 

17.

Change in Independent Registered Public Accounting Firm:

On November 6, 2019, the Companies, on behalf of their respective Funds, dismissed Ernst & Young LLP (“EY”) as the Funds’ independent registered public accounting firm effective upon the issuance of EY’s report on the Funds’ financial statements as of and for the fiscal year ended October 31, 2019. EY’s report on the Funds’ financial statements for the fiscal years October 31, 2018 and October 31, 2019 contained no adverse opinion or disclaimer of opinion nor was EY’s report qualified or modified as to uncertainty, audit scope or accounting principles. During the Funds’ fiscal periods ended on October 31, 2018 and October 31, 2019 and through December 30, 2019 (the “Covered Period”), (i) there were no disagreements with EY on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of EY, would have caused it to make reference to the subject matter of the disagreements in connection with its reports on the Funds’ financial statements for the Covered Period, and (ii) there were no “reportable events” of the kind described in Item 304(a)(1)(v) of Regulation S-K under the Securities Exchange Act of 1934, as amended.

On November 6, 2019, the Audit Committee of each Company’s Board of Directors participated in and approved the decision to engage PricewaterhouseCoopers LLP (“PwC”) as the independent registered public accounting firm for the Funds for the fiscal year ended October 31, 2020. The selection of PwC does not reflect any disagreements with or dissatisfaction by each Company or the Board of Directors with the performance of the Funds’ prior independent registered public accounting firm, EY. During the Covered Period, neither the Funds, nor anyone on their behalf, consulted with PwC on items which: (i) concerned the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Funds’ financial statements; or (ii) concerned the subject of a disagreement (as defined in paragraph (a)(1)(iv) of Item 304 of Regulation S-K) or reportable events (as described in paragraph (a)(1)(v) of Item 304 of Regulation S-K).

 

18.

Subsequent Events:

In connection with the preparation of the financial statements of the Funds as of and for the year ended October 31, 2020, events and transactions subsequent to October 31, 2020, through the date the financial statements were issued have been evaluated by the Funds’ management for possible adjustment and/or disclosure.

 

 

  130  

 


Report of Independent Registered Public Accounting Firm

To the Board of Directors of

The Hartford Mutual Funds, Inc. and The Hartford Mutual Funds II, Inc. and Shareholders of The Hartford Capital Appreciation Fund, Hartford Core Equity Fund, The Hartford Dividend and Growth Fund, The Hartford Equity Income Fund, The Hartford Growth Opportunities Fund, The Hartford Healthcare Fund, The Hartford MidCap Fund, The Hartford MidCap Value Fund, Hartford Quality Value Fund, The Hartford Small Cap Growth Fund, Hartford Small Cap Value Fund and The Hartford Small Company Fund

 

 

 

Opinions on the Financial Statements

We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of The Hartford Capital Appreciation Fund, Hartford Core Equity Fund, The Hartford Dividend and Growth Fund, The Hartford Equity Income Fund, The Hartford Healthcare Fund, The Hartford MidCap Fund, The Hartford MidCap Value Fund, Hartford Small Cap Value Fund and The Hartford Small Company Fund (nine of the funds constituting The Hartford Mutual Funds, Inc.) and The Hartford Growth Opportunities Fund, Hartford Quality Value Fund and The Hartford Small Cap Growth Fund (three of the funds constituting The Hartford Mutual Funds II, Inc.) (hereafter collectively referred to as the “Funds”) as of October 31, 2020, the related statements of operations for the year ended October 31, 2020, the statements of changes in net assets for the year ended October 31, 2020, including the related notes, and the financial highlights for the year ended October 31, 2020 (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds as of October 31, 2020, the results of each of their operations, the changes in each of their net assets, and each of the financial highlights for the year then ended, in conformity with accounting principles generally accepted in the United States of America.

The financial statements of the Funds as of and for the year ended October 31, 2019 and the financial highlights for each of the periods ended on or prior to October 31, 2019 (not presented herein, other than the statements of changes in net assets and financial highlights) were audited by other auditors whose report dated December 30, 2019 expressed an unqualified opinion on those financial statements and financial highlights.

Basis for Opinions

These financial statements are the responsibility of the Funds’ management. Our responsibility is to express an opinion on the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of October 31, 2020 by correspondence with the custodian, transfer agents and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinions.

/s/ PricewaterhouseCoopers LLP

Philadelphia, Pennsylvania

December 29, 2020

We have served as the auditor of one or more Hartford Funds investment companies since 2020.

 

 

  131  

 


Hartford Domestic Equity Funds

Operation of the Liquidity Risk Management Program (Unaudited)

 

 

 

This section describes the operation and effectiveness of the Liquidity Risk Management Program (“LRM Program”) established in accordance with Rule 22e-4 under the Investment Company Act of 1940, as amended (the “Liquidity Rule”). The LRM Program seeks to assess and manage each Fund’s liquidity risk. The Liquidity Rule generally defines liquidity risk as the risk that a Fund could not meet its obligation to redeem shares without significant dilution of the non-redeeming investors’ interests in the Fund. The Boards of Directors (“Board”) of The Hartford Mutual Funds, Inc. and The Hartford Mutual Funds II, Inc. has appointed Hartford Funds Management Company, LLC (“HFMC”) to serve as the administrator of the LRM Program with respect to each of the Funds, subject to the oversight of the Board. In order to efficiently and effectively administer the LRM Program, HFMC established a Liquidity Risk Oversight Committee.

The LRM Program is comprised of various components designed to support the assessment and/or management of liquidity risk, including: (1) the assessment and periodic review (no less frequently than annually) of certain factors that influence each Fund’s liquidity risk; (2) the classification and periodic review (no less frequently than monthly) of each Fund’s investments into one of four liquidity categories that reflect an estimate of their liquidity under current market conditions; (3) a 15% limit on the acquisition of “illiquid investments” (as defined under the Liquidity Rule); (4) the determination of a minimum percentage of each Fund’s assets that generally will be invested in highly liquid investments (“HLIM”); (5) the periodic review (no less frequently than annually) of the HLIM and the adoption and implementation of policies and procedures for responding to a shortfall of a Fund’s highly liquid investments below its HLIM; and (6) periodic reporting to the Board.

At a meeting of the Board held May 5-6, 2020, HFMC provided an annual written report to the Board covering the period from the inception date of the current LRM Program through April 30, 2020. The annual report addressed important aspects of the LRM Program, including, but not limited to:

 

   

the operation of the LRM Program (and related policies and procedures utilized in connection with management of the Funds’ liquidity risk);

   

an assessment of the adequacy and effectiveness of the LRM Program’s (and related policies and procedures’) implementation;

   

the operation, and assessment of the adequacy and effectiveness, of each Fund’s HLIM;

   

whether the third-party liquidity vendor’s (“LRM Program Vendor”) processes for determining preliminary liquidity classifications, including the particular methodologies or factors used and metrics analyzed by the LRM Program Vendor, are sufficient under the Liquidity Rule and appropriate in light of each Fund’s specific circumstances; and

   

any material changes to the LRM Program.

In addition, HFMC provides a quarterly report on the LRM Program at each quarterly meeting of the Board’s Compliance and Risk Oversight Committee. The quarterly report included information regarding the Funds’ liquidity as measured by established parameters, a summary of developments within the capital markets that may impact liquidity, and other factors that may impact liquidity. Among other things, HFMC reports any changes to a Fund’s HLIM.

Since the inception of the LRM Program, HFMC has not increased nor reduced the HLIM for any Fund.

Based on its review and assessment, HFMC has concluded that the LRM Program is operating effectively to assess and manage the liquidity risk of each Fund and that the LRM Program has been and continues to be adequately and effectively implemented with respect to each Fund. Because liquidity in the capital markets in which the Funds invest is beyond the control of the Funds, there can be no assurance that the LRM Program will ensure liquidity under all circumstances and does not protect against the risk of loss.

 

 

  132  

 


Hartford Domestic Equity Funds

Directors and Officers of each Company (Unaudited)

 

 

 

Each of The Hartford Mutual Funds, Inc. and The Hartford Mutual Funds II, Inc. (each, a “Company”) is governed by a Board of Directors (the “Directors”). The following tables present certain information regarding the Directors and officers of each Company as of October 31, 2020. For more information regarding the Directors and officers, please refer to the Statement of Additional Information, which is available, without charge, upon request by calling 1-888-843-7824.

 

NAME, YEAR OF BIRTH
AND ADDRESS(1)

  

POSITION

HELD WITH

EACH

COMPANY

 

TERM OF

OFFICE(2) AND

LENGTH OF

TIME SERVED

 

PRINCIPAL OCCUPATION(S)
DURING PAST 5 YEARS

  NUMBER OF
PORTFOLIOS
IN FUND
COMPLEX(3)
OVERSEEN
BY DIRECTOR
  

OTHER DIRECTORSHIPS

FOR PUBLIC COMPANIES
AND OTHER REGISTERED
INVESTMENT COMPANIES
HELD BY DIRECTOR

NON-INTERESTED DIRECTORS*

HILARY E. ACKERMANN

(1956)

   Director   Since 2014   Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011.   73    Ms. Ackermann served as a Director of Dynegy, Inc. from October 2012 until its acquisition in by Vistra Energy Corporation in 2018, and since that time she has served as a Director of Vistra. Ms. Ackermann serves as a Director of Credit Suisse Holdings (USA), Inc. from January 2017 to present.

ROBIN C. BEERY

(1967)

   Director   Since 2017   Ms. Beery has served as a consultant to ArrowMark Partners (an alternative asset manager) since March of 2015 and since November 2018 has been employed by ArrowMark Partners as a Senior Advisor. Previously, she was Executive Vice President, Head of Distribution, for Janus Capital Group, and Chief Executive Officer and President of the Janus Mutual Funds (a global asset manager) from September 2009 to August 2014.   73    Ms. Beery serves as an Independent Director of UMB Financial Corporation (January 2015 to present), has chaired the Compensation Committee since April 2017, and serves on the Audit Committee and the Risk Committee.

LYNN S. BIRDSONG

(1946)

   Director and Chair of the Board   Director since 2003; Chair of the Board since 2019   From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm.   73    None

CHRISTINE R. DETRICK

(1958)

   Director   Since 2016   Ms. Detrick served as a Senior Partner/Advisor at Bain & Company (a management consulting firm) from September 2002 to December 2012.   73    Ms. Detrick serves as a Director and Chair of the Nominating and Governance Committee of Reinsurance Group of America (from January 2014 to present). She also serves as a Director of Charles River Associates (May 2020 to present).

DUANE E. HILL(4)

(1945)

   Director  

Since 2001(5)

Since 2002(6)

  Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that served as sponsor and lead investor in leveraged buyouts of middle market companies.   73    None

LEMMA W. SENBET

(1946)

   Director   Since 2005   Dr. Senbet currently serves as the William E. Mayer Chair Professor of Finance, in the Robert H. Smith School of Business at the University of Maryland, where he was chair of the Finance Department from 1998 to 2006. In June 2013, he began a sabbatical from the University to serve as Executive Director of the African Economic Research Consortium which focuses on economic policy research and training, which he completed in 2018.   73    None

 

 

  133  

 


Hartford Domestic Equity Funds

Directors and Officers of each Company (Unaudited) – (continued)

 

 

 

NAME, YEAR OF BIRTH
AND ADDRESS(1)

  

POSITION

HELD WITH

EACH

COMPANY

 

TERM OF

OFFICE(2) AND

LENGTH OF

TIME SERVED

 

PRINCIPAL OCCUPATION(S)
DURING PAST 5 YEARS

  NUMBER OF
PORTFOLIOS
IN FUND
COMPLEX(3)
OVERSEEN
BY DIRECTOR
  

OTHER DIRECTORSHIPS

FOR PUBLIC COMPANIES
AND OTHER REGISTERED
INVESTMENT COMPANIES
HELD BY DIRECTOR

DAVID SUNG

(1953)

   Director   Since 2017   Mr. Sung was a Partner at Ernst & Young LLP from October 1995 to July 2014.   73    Mr. Sung serves as a Trustee of Ironwood Institutional Multi-Strategy Fund, LLC and Ironwood Multi-Strategy Fund, LLC (October 2015 to present).
OFFICERS AND INTERESTED DIRECTORS

JAMES E. DAVEY(7)

(1964)

   Director, President and Chief Executive Officer   President and Chief Executive Officer since 2010; Director since 2012   Mr. Davey serves as Executive Vice President of The Hartford Financial Services Group, Inc. Mr. Davey has served in various positions within The Hartford and its subsidiaries and joined The Hartford in 2002. Additionally, Mr. Davey serves as Director, Chairman, President, and Senior Managing Director for Hartford Funds Management Group, Inc. (“HFMG”). Mr. Davey also serves as President, Manager, Chairman of the Board, and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”); Manager, Chairman of the Board, and President of Lattice Strategies LLC (“Lattice”); Chairman of the Board, Manager, and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”); and Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”), each of which is an affiliate of HFMG.   73    None

ANDREW S. DECKER

(1963)

   AML Compliance Officer   Since 2015   Mr. Decker serves as Chief Compliance Officer and AML Compliance Officer of HASCO (since April 2015) and Vice President of HASCO (since April 2018). Mr. Decker serves as AML Officer of HFD (since May 2015). Mr. Decker also serves as Vice President of HFMG (since April 2018). Prior to joining The Hartford, Mr. Decker served as Vice President and AML Officer at Janney Montgomery Scott (a broker dealer) from April 2011 to January 2015.   N/A    N/A

AMY N. FURLONG

(1979)

   Vice President and Treasurer   Since 2018   Ms. Furlong serves as Vice President and Assistant Treasurer of HFMC (since September 2019). Ms. Furlong has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Furlong joined The Hartford in 2004.   N/A    N/A

WALTER F. GARGER

(1965)

  

Vice President and Chief

Legal Officer

  Since 2016   Mr. Garger serves as Secretary, Managing Director and General Counsel of HFMG, HFMC, HFD, and HASCO (since 2013). Mr. Garger also serves as Secretary and General Counsel of Lattice (since July 2016). Mr. Garger has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Garger joined The Hartford in 1995.   N/A    N/A

THEODORE J. LUCAS

(1966)

   Vice President   Since 2017   Mr. Lucas serves as Executive Vice President of HFMG (since July 2016) and as Executive Vice President of Lattice (since June 2017). Previously, Mr. Lucas served as Managing Partner of Lattice (2003 to 2016).   N/A    N/A

 

 

  134  

 


Hartford Domestic Equity Funds

Directors and Officers of each Company (Unaudited) – (continued)

 

 

 

NAME, YEAR OF BIRTH
AND ADDRESS(1)

  

POSITION

HELD WITH

EACH

COMPANY

 

TERM OF

OFFICE(2) AND

LENGTH OF

TIME SERVED

 

PRINCIPAL OCCUPATION(S)
DURING PAST 5 YEARS

  NUMBER OF
PORTFOLIOS
IN FUND
COMPLEX(3)
OVERSEEN
BY DIRECTOR
  

OTHER DIRECTORSHIPS

FOR PUBLIC COMPANIES
AND OTHER REGISTERED
INVESTMENT COMPANIES
HELD BY DIRECTOR

JOSEPH G. MELCHER

(1973)

   Vice President and Chief Compliance Officer   Since 2013   Mr. Melcher serves as Executive Vice President of HFMG and HASCO (since December 2013). Mr. Melcher also serves as Executive Vice President (since December 2013) and Chief Compliance Officer (since December 2012) of HFMC, serves as Executive Vice President and Chief Compliance Officer of Lattice (since July 2016), serves as Executive Vice President of HFD (since December 2013), and has served as President and Chief Executive Officer of HFD (from April 2018 to June 2019).   N/A    N/A

VERNON J. MEYER

(1964)

  

Vice

President

  Since 2006   Mr. Meyer serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG (since 2013). Mr. Meyer also serves as Senior Vice President-Investments of Lattice (since March 2019). Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004.   N/A    N/A

ALICE A. PELLEGRINO

(1960)

   Vice President and Assistant Secretary   Since 2016   Ms. Pellegrino serves as Vice President of HFMG (since December 2013). Ms. Pellegrino also serves as Vice President and Assistant Secretary of Lattice (since June 2017). Ms. Pellegrino is a Senior Counsel and has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Pellegrino joined The Hartford in 2007.   N/A    N/A

THOMAS R. PHILLIPS

(1960)

   Vice President and Secretary   Since 2017   Mr. Phillips is Deputy General Counsel for HFMG and currently serves as Vice President (since February 2017) and Assistant Secretary (since June 2017) for HFMG. Prior to joining HFMG in 2017, Mr. Phillips was a Director and Chief Legal Officer of Saturna Capital Corporation from 2014–2016. Prior to that, Mr. Phillips was a Partner and Deputy General Counsel of Lord, Abbett & Co. LLC.   N/A    N/A

 

*

Following their election by shareholders, the following persons become Directors effective November 2, 2020:

Derrick D. Cephas – Until his retirement in October 2020, Mr. Cephas was a Partner of Weil, Gotshal & Manges LLP, an international law firm headquartered in New York, where he served as the Head of the Financial Institutions Practice (April 2011 to October 2020). Mr. Cephas serves as a Director of Signature Bank, a New York-based commercial bank, and is a member of the Credit Committee, Examining Committee and Risk Committee (March 2016 to present).

Andrew A. Johnson – Mr. Johnson currently serves as a Diversity and Inclusion Advisor at Neuberger Berman, a private, global investment management firm. Prior to his current role, Mr. Johnson served as Chief Investment Officer and Head of Global Investment Grade Fixed Income at Neuberger Berman (January 2009 to December 2018).

Paul L. Rosenberg – Mr. Rosenberg is a Partner of The Bridgespan Group, a global nonprofit consulting firm that is a social impact advisor to nonprofits, non-governmental organizations, philanthropists and institutional investors (October 2007 to present).

(1) 

The address for each officer and Director is c/o Hartford Funds 690 Lee Road, Wayne, Pennsylvania 19087.

(2) 

Each Director holds an indefinite term until his or her retirement, resignation, removal, or death. Directors generally must retire no later than December 31 of the year in which the Director turns 75 years of age. Each Fund officer generally serves until his or her resignation, removal, or death.

(3) 

The portfolios of the “Fund Complex” are operational series of The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., Hartford HLS Series Fund II, Inc., Lattice Strategies Trust, Hartford Funds Exchange-Traded Trust, and Hartford Schroders Opportunistic Income Fund.

(4) 

Effective December 31, 2020, Mr. Hill will retire from the Board of Directors.

(5) 

For The Hartford Mutual Funds, Inc.

(6) 

For The Hartford Mutual Funds II, Inc.

(7) 

“Interested person,” as defined in the 1940 Act, of each Company because of the person’s affiliation with, or equity ownership of, HFMC, HFD or affiliated companies.

 

 

  135  

 


Hartford Domestic Equity Funds

 

 

 

 

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

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

QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)

Each Fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. Each Fund’s Form N-PORT reports are available (1) without charge, upon request, by calling 888-843-7824, (2) on the Funds’ website, hartfordfunds.com, and (3) on the SEC’s website at http://www.sec.gov.

 

 

  136  

 


Hartford Domestic Equity Funds

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

 

 

 

The Hartford Mutual Funds, Inc. and The Hartford Mutual Funds II, Inc.

The Hartford Capital Appreciation Fund

Hartford Core Equity Fund

The Hartford Dividend and Growth Fund

The Hartford Equity Income Fund

The Hartford Growth Opportunities Fund

The Hartford Healthcare Fund

The Hartford MidCap Fund

The Hartford MidCap Value Fund

Hartford Quality Value Fund

The Hartford Small Cap Growth Fund

Hartford Small Cap Value Fund

The Hartford Small Company Fund

(each, a “Fund” and collectively, the “Funds”)

Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), annually review and consider the continuation of the mutual fund’s investment advisory and sub-advisory agreements. At their meeting held on August 4-5, 2020, the Boards of Directors (collectively, the “Board”) of The Hartford Mutual Funds, Inc. (“HMF”) and The Hartford Mutual Funds II, Inc. (“HMF II”), including each of the Independent Directors, unanimously voted to approve (i) the continuation of an investment management agreement by and between Hartford Funds Management Company, LLC (“HFMC”) and each of HMF, on behalf of each of The Hartford Capital Appreciation Fund, Hartford Core Equity Fund, The Hartford Dividend and Growth Fund, The Hartford Equity Income Fund, The Hartford MidCap Fund, The Hartford MidCap Value Fund and Hartford Small Cap Value Fund, and HMF II, on behalf of each of The Hartford Growth Opportunities Fund, Hartford Quality Value Fund and The Hartford Small Cap Growth Fund (the “Management Agreement”); (ii) the continuation of a separate investment management agreement by and between HFMC and HMF, on behalf of each of The Hartford Healthcare Fund and The Hartford Small Company Fund (the “2013 Investment Management Agreement” and together with the Management Agreement, the “Management Agreements”); and (iii) the continuation of investment sub-advisory agreements (each, a “Sub-Advisory Agreement” and collectively with the Management Agreements, the “Agreements”) between HFMC and each Fund’s sub-adviser, Wellington Management Company LLP (the “Sub-adviser,” and together with HFMC, the “Advisers”) with respect to each Fund.

In the months preceding the August 4-5, 2020 meeting, the Board requested and reviewed written responses from the Advisers to questions posed to the Advisers on behalf of the Independent Directors and supporting materials relating to those questions and responses. In addition, the Board considered such additional information as it deemed reasonably necessary to evaluate the Agreements, as applicable, with respect to each Fund, which included information furnished to the Board and its committees at their meetings throughout the year and in between regularly scheduled meetings on particular matters as the need arose, as well as information specifically prepared in connection with the approval of the continuation of the Agreements that was presented at the Board’s meetings held on June 16-17, 2020 and August 4-5, 2020. Information provided to the Board and its committees at their meetings throughout the year included, among other things, reports on Fund performance, legal, compliance and risk management matters, sales and marketing activity, shareholder services, and the other services provided to each Fund by the Advisers and their affiliates. The members of the Board also considered the materials and presentations by Fund officers and representatives of HFMC received at the Board’s meetings on June 16-17, 2020 and August 4-5, 2020 concerning the Agreements and at the special meeting of the Board’s Investment Committee on May 12, 2020 concerning Fund performance and other investment-related matters.

The Independent Directors, advised by independent legal counsel throughout the evaluation process, engaged service providers to assist them with evaluating the Agreements with respect to each Fund, as applicable. Broadridge Financial Solutions, Inc. (“Broadridge”), an independent provider of investment company data, was retained to provide the Board with reports on how each Fund’s contractual management fees, actual management fees, overall expense ratios and investment performance compared to those of comparable mutual funds with similar investment objectives. The Independent Directors also engaged an independent financial services consultant (the “Consultant”) to assist them in evaluating each Fund’s contractual management fees, actual management fees, overall expense ratios and investment performance. In addition, the Consultant reviewed the profitability methodologies utilized by HFMC in connection with the continuation of the Management Agreements.

In determining whether to approve the continuation of the Agreements for a Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate through the exercise of their reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to approve the continuation of the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreements. The Board was also furnished with an analysis of its fiduciary obligations in connection with its evaluation of the Agreements. Throughout the evaluation process, the Board was assisted by counsel for the Funds. The Independent Directors were also separately assisted by independent legal counsel throughout the evaluation process. In connection with their deliberations, the Independent Directors met separately with independent

 

 

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legal counsel and the Consultant on June 12, 2020 and in executive session on several occasions to consider their responsibilities under relevant laws and regulations and to discuss the materials presented and other matters deemed relevant to their consideration of the approval of the continuation of the Agreements. As a result of the discussions that occurred during the June 12, 2020 and June 16-17, 2020 meetings, the Independent Directors presented HFMC with requests for additional information on certain topics. HFMC responded to these requests with written additional information in advance of the August 4-5, 2020 meeting. A more detailed summary of the important, but not necessarily all, factors the Board considered with respect to its approval of the continuation of the Agreements is provided below.

Nature, Extent and Quality of Services Provided by the Advisers

The Board requested and considered information concerning the nature, extent and quality of the services provided to each Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services provided by the Advisers. The Board considered the Advisers’ professional personnel who provide services to the Funds, including each Adviser’s ability and experience in attracting and retaining qualified personnel to service the Funds. The Board considered each Adviser’s reputation and overall financial strength, as well as each Adviser’s willingness to consider and implement organizational and operational changes designed to enhance services to the funds managed by HFMC and its affiliates (the “Hartford funds”). In addition, the Board considered the quality of each Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Funds and other Hartford funds. In this regard, the Board took into account the Advisers’ communications with the Board in light of the market volatility amidst the coronavirus (“COVID-19”) pandemic.

The Board also requested and evaluated information concerning each Adviser’s regulatory and compliance environment. In this regard, the Board requested and reviewed information about each Adviser’s compliance policies and procedures, compliance history, and a report from the Funds’ Chief Compliance Officer about each Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and any compliance or other issues raised by regulators. The Board also noted the Advisers’ support of the Funds’ compliance control structure, as applicable, and, in particular, the resources devoted by the Advisers in support of the Funds’ obligations pursuant to Rule 38a-1 under the 1940 Act and the Funds’ liquidity risk management program, as well as the efforts of the Advisers to combat cybersecurity risks. The Board also considered HFMC’s investments in business continuity planning designed to benefit the Funds, and the implementation of HFMC’s business continuity plans due to the COVID-19 pandemic. The Board also noted HFMC’s commitment to maintaining high quality systems and expending substantial resources to prepare for and respond to ongoing changes to the market, regulatory and control environments in which the Funds and their service providers operate, including changes associated with the COVID-19 pandemic.

With respect to HFMC, the Board noted that, under the Management Agreements, HFMC is responsible for the management of the Funds, including oversight of fund operations and service providers, and the provision of administrative and investment advisory services in connection with selecting, monitoring and supervising the Sub-adviser. In this regard, the Board evaluated information about the nature and extent of responsibilities retained and risks assumed by HFMC that were not delegated to or assumed by the Sub-adviser. The Board considered HFMC’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the Hartford funds’ portfolio managers. The Board noted that HFMC has demonstrated a record of initiating changes to the portfolio management and/or investment strategies of the Hartford funds when warranted. The Board considered HFMC’s periodic due diligence reviews of the Sub-adviser and ongoing oversight of the Sub-adviser’s investment approach and results, process for monitoring best execution of portfolio trades and other trading operations by the Sub-adviser, and approach to risk management with respect to the Funds and the service providers to the Funds. The Board considered HFMC’s oversight of the Funds’ securities lending program and noted the income earned by the Funds that participate in such program. The Board also considered HFMC’s day-to-day oversight of each Fund’s compliance with its investment objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of HFMC’s oversight in this regard. Moreover, the Board considered HFMC’s oversight of potential conflicts of interest between the Funds’ investments and those of other funds or accounts managed by the Funds’ portfolio management personnel.

In addition, the Board considered HFMC’s ongoing commitment to review and rationalize the Hartford funds product line-up. The Board also considered the expenses that HFMC had incurred, as well as the risks HFMC had assumed, in connection with the launch of new funds and changes to existing Hartford funds in recent years. The Board considered that HFMC is responsible for providing the Funds’ officers.

With respect to the Sub-adviser, which provides certain day-to-day portfolio management services for the Funds, subject to oversight by HFMC, the Board considered, among other things, the Sub-adviser’s investment personnel, investment philosophy and process, investment research capabilities and resources, performance record, trade execution capabilities and experience. The Board considered the experience of each Fund’s portfolio manager(s), the number of accounts managed by the portfolio manager(s), and the Sub-adviser’s method for compensating the portfolio manager(s). The Board also considered the Sub-adviser’s succession planning practices to ensure continuity of portfolio management services provided to the Funds.

The Board considered the benefits to shareholders of being part of the family of Hartford funds, including, with respect to certain share classes, the right to exchange investments between the same class of shares without a sales charge, the ability to reinvest Fund dividends into other Hartford funds (excluding the Hartford funds that are exchange-traded funds or an interval fund), and the ability to combine holdings in a Fund with holdings in other Hartford funds (excluding the Hartford funds that are exchange-traded funds or an interval fund) and 529 plans for which HFMC serves as the program manager to obtain a reduced sales charge. The Board considered HFMC’s efforts to provide investors in the Hartford funds with a broad range of

 

 

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investment styles and asset classes and the assumption of entrepreneurial and other risks by HFMC in sponsoring and providing ongoing services to new funds to expand these opportunities for shareholders. In addition, the Board observed that in the marketplace there are a range of investment options available to each Fund’s shareholders and such shareholders, having had the opportunity to consider other investment options, have chosen to invest in the Fund.

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

Performance of each Fund and the Advisers

The Board considered the investment performance of each Fund. In this regard, the Board reviewed the performance of each Fund over different time periods presented in the materials and evaluated HFMC’s analysis of the Fund’s performance for these time periods. The Board considered information and materials provided to the Board by the Advisers concerning Fund performance, as well as information from Broadridge comparing the investment performance of each Fund to an appropriate universe of peer funds. The Board noted that while it found the comparative data provided by Broadridge generally useful in evaluating a Hartford fund’s investment performance, the Board recognized the limitations of such data, including, in particular, that notable differences may exist between a Hartford fund and its peers. For details regarding each Fund’s performance, see the Fund-by-Fund synopsis below.

The Board considered the detailed investment analytics reports provided by HFMC’s Investment Advisory Group throughout the year, including in connection with the approval of the continuation of the Agreements. These reports included, among other things, information on each Fund’s gross returns and net returns, the Fund’s investment performance compared to one or more appropriate benchmarks and relevant groups or categories of peer funds, various statistics concerning the Fund’s portfolio, a narrative summary of various factors affecting Fund performance, and commentary on the effect of current and recent market conditions. The Board also noted that, for The Hartford Capital Appreciation Fund, the Fund uses a multiple sleeve structure whereby each sleeve uses a different investment style and considered the performance attributions of the underlying managers. The Board considered the Advisers’ work with the Investment Committee, which assists the Board in evaluating the performance of each Fund at periodic meetings throughout the year and specifically with respect to the approval of the continuation of the Agreements. The Board considered that the Investment Committee, in its evaluation of investment performance at meetings throughout the year, focused particular attention on information indicating less favorable performance of certain Hartford funds for specific time periods and discussed with the Advisers the reasons for such performance. The Board also considered the analysis provided by the Consultant relating to each Fund’s performance track record.

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

Costs of the Services and Profitability of the Advisers

The Board reviewed information regarding HFMC’s cost to provide investment management and related services to each Fund and HFMC’s profitability, both overall and for each Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to HFMC and its affiliates from all services provided to each Fund and all aspects of their relationship with the Fund, including information regarding profitability trends over time and information provided by Broadridge analyzing the profitability of managers to other fund complexes. The Board also requested and received information relating to the operations and profitability of the Sub-adviser. The Board considered representations from HFMC and the Sub-adviser that the Sub-adviser’s fees were negotiated at arm’s length on a Fund-by-Fund basis and that the sub-advisory fees are paid by HFMC and not the Funds. Accordingly, the Board concluded that the profitability of the Sub-adviser is a less relevant factor with respect to the Board’s consideration of the Sub-Advisory Agreements.

The Board considered the Consultant’s review of the methodologies and estimates used by HFMC in calculating profitability in connection with the continuation of the Management Agreements, including a description of the methodology used to allocate certain expenses. The Board noted that the Consultant, at the Independent Directors’ request, performed a full review of HFMC’s process for calculating and reporting Fund profitability consistent with similar periodic reviews previously performed by the Consultant. The Board noted the Consultant’s view that such process is reasonable, sound and consistent with common industry practice.

Based on these considerations, the Board concluded that the profits realized by the Advisers and their affiliates from their relationships with each Fund were not excessive.

Comparison of Fees and Services Provided by the Advisers

The Board considered the comparative information that had been provided at meetings on June 16-17, 2020 and August 4-5, 2020 with respect to the services rendered to and the management fees to be paid by each Fund to HFMC and the total expense ratios of the Fund. The Board also considered comparative information with respect to the sub-advisory fees to be paid by HFMC to the Sub-adviser with respect to each Fund. In this regard, the Board requested and reviewed information from HFMC and the Sub-adviser relating to the management and sub-advisory fees, including the sub-advisory fee schedule for each Fund and the amount of the management fee retained by HFMC, and total operating expenses for each Fund. The Board also reviewed information from Broadridge comparing each Fund’s contractual management fees, actual management fees and total expense

 

 

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

 

 

 

ratios relative to an appropriate group of funds selected by Broadridge. The Board considered such information from Broadridge in consultation with the Consultant. For details regarding each Fund’s expenses, see the Fund-by-Fund synopsis below.

The Board considered the methodology used by Broadridge to select the funds included in the expense groups. While the Board recognized that comparisons between a Fund and its peer funds may be imprecise given, among other differences, the different service levels and characteristics of mutual funds and the different business models and cost structures of the Advisers, the comparative information provided by Broadridge assisted the Board in evaluating the reasonableness of each Fund’s fees and total operating expenses. In addition, the Board considered the analysis and views of the Consultant relating to each Fund’s fees and total operating expenses.

The Board also considered that HFMC provides nondiscretionary investment advisory services to a model portfolio that pursues an investment objective and an investment strategy similar to those of the Hartford Core Equity Fund. The Board also received information regarding fees charged by the Sub-adviser to any other clients with investment strategies similar to those of the Funds, including institutional separate account clients and registered fund clients for which the Sub-adviser serves as either primary investment adviser or sub-adviser. The Board considered the explanations provided by the Sub-adviser about any differences between the Sub-adviser’s services to the Funds and the services the Sub-adviser provides to other types of clients. In this regard, the Board reviewed information about the generally broader scope of services and compliance, reporting and other legal burdens and risks of managing registered funds compared with those associated with managing assets of non-registered fund clients such as institutional separate accounts.

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

Economies of Scale

The Board considered information regarding the extent to which economies of scale may be realized as a Fund grows and whether fee levels reflect these economies of scale for the benefit of shareholders of the Fund. The Board reviewed the breakpoints in the management fee schedule for each Fund, if any, which reduce fee rates as the Fund’s assets grow over time. The Board recognized that a Fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower overall effective management fee rates. The Board also recognized that a fee schedule that reaches a breakpoint at a lower asset level provides shareholders with the benefit of anticipated or potential economies of scale. The Board considered that expense limitations and fee waivers that reduce a Fund’s expenses at all asset levels can have the same effect as breakpoints in sharing economies of scale with shareholders and provide protection from an increase in expenses if the Fund’s assets decline. In addition, the Board considered that initially setting competitive fee rates, pricing a Fund to scale at inception and making additional investments intended to enhance services available to shareholders are other means of sharing anticipated or potential economies of scale with shareholders. The Board also considered that HFMC has been active in managing expenses, which has resulted in benefits being realized by shareholders. The Board also noted that, for each of the Hartford Quality Value Fund and the Hartford Small Cap Value Fund, the Fund’s current low asset levels have kept the Fund from fully realizing the benefits of anticipated or potential economies of scale.

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

After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of each Fund’s shareholders based on currently available information and the effective management fees and total expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor any future growth in each Fund’s assets and the appropriateness of additional management fee breakpoints or other methods to share benefits from economies of scale as part of its future review of the Agreements.

Other Benefits

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

The Board noted that HFMC receives fees for fund accounting and related services from the Funds, and the Board considered information on the profitability to HFMC from providing such services to the Funds. The Board also considered that each Fund pays a transfer agency fee to Hartford Administrative Services Company (“HASCO”), an affiliate of HFMC, equal to the lesser of: (i) the actual costs incurred by HASCO in connection with the provisions of transfer agency services, including payments made to sub-transfer agents, plus a reasonable target profit margin; or (ii) a specified amount as set forth in the Transfer Agency and Service Agreement by and between HMF and HMF II, on behalf of their respective Funds, and HASCO. The Board reviewed information about the profitability to HASCO of the Funds’ transfer agency function. The Board considered information provided by HFMC indicating that the transfer agency fees charged by HASCO to the Funds were fair and reasonable based on publicly available information. The Board also noted that HFMC and HASCO had delegated certain fund accounting services and transfer agency services, respectively, to external service providers.

 

 

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

 

 

 

The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of HFMC, serves as principal underwriter of the Funds. The Board noted that, as principal underwriter, HFD receives distribution and service fees from the Funds and receives all or a portion of the sales charges on sales or redemptions of certain classes of shares.

The Board considered the benefits, if any, to the Sub-adviser from any use of a Fund’s brokerage commissions to obtain soft dollar research.

Fund-by-Fund Factors

For purposes of the Fund-by-Fund discussion below, Fund performance is referred to as “in line with” a Fund’s benchmark where it was 0.5% above or below the benchmark return, and each Fund’s performance relative to its primary benchmark reflects the net performance of the Fund’s Class I shares as of March 31, 2020.

The Hartford Capital Appreciation Fund

 

 

The Board noted that the Fund’s performance was in the 3rd quintile of its performance universe for the 1- and 5-year periods and the 2nd quintile for the 3-year period. The Board also noted that the Fund’s performance was below its benchmark for the 1-, 3-, and 5-year periods.

 

 

The Board noted that the Fund’s contractual management fee and actual management fee were in the 4th quintile of its expense group, while its total expenses (less 12b-1 and shareholder service fees) were in the 3rd quintile. The Board noted that Class Y shares of the Fund have a contractual transfer agency expense cap of 0.06% through February 28, 2021.

Hartford Core Equity Fund

 

 

The Board noted that the Fund’s performance was in the 1st quintile of its performance universe for the 1-, 3-, and 5-year periods. The Board also noted that the Fund’s performance was above its benchmark for the 1- and 3-year periods and in line with its benchmark for the 5-year period.

 

 

The Board noted that the Fund’s contractual management fee, actual management fee, and total expenses (less 12b-1 and shareholder service fees) were in the 1st quintile of its expense group. The Board noted that Class Y shares of the Fund have a contractual transfer agency expense cap of 0.08% through February 28, 2021.

The Hartford Dividend and Growth Fund

 

 

The Board noted that the Fund’s performance was in the 2nd quintile of its performance universe for the 1-, 3-, and 5-year periods. The Board also noted that the Fund’s performance was below its benchmark for the 1-, 3-, and 5-year periods. The Board noted recent changes to the Fund’s portfolio management team.

 

 

The Board noted that the Fund’s contractual management fee, actual management fee, and total expenses (less 12b-1 and shareholder service fees) were in the 3rd quintile of its expense group. The Board noted that Class Y shares of the Fund have a contractual transfer agency expense cap of 0.04% through February 28, 2021.

The Hartford Equity Income Fund

 

 

The Board noted that the Fund’s performance was in the 2nd quintile of its performance universe for the 1-, 3-, and 5-year periods. The Board also noted that the Fund’s performance was above its benchmark for the 1-, 3-, and 5-year periods. The Board noted recent changes to the Fund’s portfolio management team.

 

 

The Board noted that the Fund’s contractual management fee, actual management fee, and total expenses (less 12b-1 and shareholder service fees) were in the third quintile of its expense group. The Board noted that Class Y shares of the Fund have a contractual transfer agency expense cap of 0.06% through February 28, 2021.

The Hartford Growth Opportunities Fund

 

 

The Board noted that the Fund’s performance was in the 4th quintile of its performance universe for the 1-year period and the 2nd quintile for the 3- and 5-year periods. The Board also noted that the Fund’s performance was below its benchmark for the 1- and 5-year periods and in line with its benchmark for the 3-year period. The Board noted recent changes to the Fund’s portfolio management team.

 

 

The Board noted that the Fund’s contractual management fee, actual management fee, and total expenses (less 12b-1 and shareholder service fees) were in the 3rd quintile of its expense group. The Board noted that Class Y shares of the Fund have a contractual transfer agency expense cap of 0.04% through February 28, 2021.

The Hartford Healthcare Fund

 

 

The Board noted that the Fund’s performance was in the 2nd quintile of its performance universe for the 1-year period, the 3rd quintile for the 3-year period, and the 1st quintile for the 5-year period. The Board also noted that the Fund’s performance was above its benchmark for the 1-year period and below its benchmark for the 3- and 5-year periods.

 

 

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Hartford Domestic Equity Funds

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

 

 

 

 

The Board noted that the Fund’s contractual management fee was in the 4th quintile of its expense group, while its actual management fee was in the 5th quintile and its total expenses (less 12b-1 and shareholder service fees) were in the 3rd quintile. The Board noted that Class Y shares of the Fund have a contractual transfer agency expense cap of 0.05% through February 28, 2021.

The Hartford MidCap Fund

 

 

The Board noted that the Fund’s performance was in the 5th quintile of its performance universe for the 1- and 3-year periods and the 4th quintile for the 5-year period. The Board also noted that the Fund’s performance was above its benchmark for the 1-, 3-, and 5-year periods.

 

 

The Board noted that the Fund’s contractual management fee was in the 3rd quintile of its expense group, while its actual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 2nd quintile. The Board noted that Class I and Y shares of the Fund have contractual transfer agency expense caps of 0.12% and 0.04%, respectively, through February 28, 2021.

The Hartford MidCap Value Fund

 

 

The Board noted that the Fund’s performance was in the 1st quintile of its performance universe for the 1-year period, the 2nd quintile for the 3-year period, and the 3rd quintile for the 5-year period. The Board also noted that the Fund’s performance was above its benchmark for the 1- and 3-year periods and below its benchmark for the 5-year period.

 

 

The Board noted that the Fund’s contractual management fee was in the 2nd quintile of its expense group, while its actual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 4th quintile. The Board noted that Class Y shares of the Fund have a contractual transfer agency expense cap of 0.07% through February 28, 2021.

Hartford Quality Value Fund

 

 

The Board noted that the Fund’s performance was in the 2nd quintile of its performance universe for the 1-year period and the 3rd quintile for the 3- and 5-year periods. The Board also noted that the Fund’s performance was above its benchmark for the 1- and 3-year periods and in line its benchmark for the 5-year period. The Board noted recent changes to the Fund’s portfolio management team.

 

 

The Board noted that the Fund’s contractual management fee, actual management fee, and total expenses (less 12b-1 and shareholder service fees) were in the 1st quintile of its expense group. The Board noted that Class A shares of the Fund have a contractual expense cap of 0.96% through February 28, 2021, which resulted in HFMC reimbursing the Fund for certain expenses.

The Hartford Small Cap Growth Fund

 

 

The Board noted that the Fund’s performance was in the 4th quintile of its performance universe for the 1- and 3-year periods and the 5th quintile for the 5-year period. The Board also noted that the Fund’s performance was above its benchmark for the 1-year period and in line with its benchmark for the 3- and 5-year periods.

 

 

The Board noted that the Fund’s contractual management fee was in the 1st quintile of its expense group, while its actual management fee was in the 2nd quintile and its total expenses (less 12b-1 and shareholder service fees) were in the 3rd quintile. The Board noted that Class Y shares of the Fund have a contractual transfer agency expense cap of 0.04% through February 28, 2021.

Hartford Small Cap Value Fund

 

 

The Board noted that the Fund’s performance was in the 3rd quintile of its performance universe for the 1-year period, the 2nd quintile for the 3-year period, and the 4th quintile for the 5-year period. The Board also noted that the Fund’s performance was below its benchmark for the 1- and 5-year periods and in line with its benchmark for the 3-year period.

 

 

The Board noted that the Fund’s contractual management fee and actual management fee were in the 2nd quintile, while its total expenses (less 12b-1 and shareholder service fees) were in the 3rd quintile. The Board noted that Class A shares of the Fund have a contractual expense cap of 1.30% through February 28, 2021, which resulted in HFMC reimbursing the Fund for certain expenses.

The Hartford Small Company Fund

 

 

The Board noted that the Fund’s performance was in the 2nd quintile of its performance universe for the 1- and 3-year periods and the 4th quintile for the 5-year period. The Board also noted that the Fund’s performance was above its benchmark for the 1- and 3-year periods and in line with its benchmark for the 5-year period. The Board noted recent changes to the Fund’s portfolio management team.

 

 

The Board noted that the Fund’s contractual management fee and actual management fee were in the 3rd quintile of its expense group, while its total expenses (less 12b-1 and shareholder service fees) were in the 4th quintile. The Board noted that Class A shares of the Fund have a contractual expense cap of 1.40% through February 28, 2021, and that HFMC had reimbursed the Fund for certain expenses.

* * * *

 

 

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

 

 

 

Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of each Fund and its shareholders for the Board to approve the continuation of the Agreements for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves.

 

 

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Hartford Domestic Equity Funds

Supplemental Proxy Information (Unaudited)

 

 

 

A joint special meeting of shareholders of the Funds was held on October 21, 2020 (the “Shareholder Meeting”). The Shareholder Meeting was held for the purpose of electing members of the Funds’ Board of Directors. Shareholders elected the following ten (10) Directors at the Shareholder Meeting:

 

   

Hilary E. Ackermann

   

Robin C. Beery

   

Lynn S. Birdsong

   

Derrick D. Cephas

   

James E. Davey

   

Christine R. Detrick

   

Andrew A. Johnson

   

Paul L. Rosenberg

   

Lemma W. Senbet

   

David Sung

The results of the shareholders’ election of Directors were as follows:

 

The Hartford Mutual Funds, Inc.

 

Shares Outstanding (as of Record Date): 4,786,852,771.602

Total Shares Voted: 3,984,902,623.370

Percentage of Shares Voted: 83.246%

 

 

 

 

 

Director

  

Vote

  

Total Shares Voted

   Percentage of
Shares Voted
     Percentage
of Shares
Outstanding
 

Hilary E. Ackermann

   For:    3,902,805,882.770      97.940      81.531
   Withheld:    82,096,740.600      2.060      1.715

Robin C. Beery

   For:    3,915,421,841.765      98.257      81.795
   Withheld:    69,480,781.605      1.743      1.451

Lynn S. Birdsong

   For:    3,905,268,785.333      98.002      81.583
   Withheld:    79,633,838.037      1.998      1.663

Derrick D. Cephas

   For:    3,906,387,023.712      98.030      81.606
   Withheld:    78,515,599.658      1.970      1.640

James E. Davey

   For:    3,911,005,174.673      98.146      81.703
   Withheld:    73,897,448.697      1.854      1.543

Christine R. Detrick

   For:    3,915,250,969.140      98.253      81.791
   Withheld:    69,651,654.230      1.747      1.455

Andrew A. Johnson

   For:    3,908,222,118.290      98.076      81.645
   Withheld:    76,680,505.080      1.924      1.601

Paul L. Rosenberg

   For:    3,904,491,528.107      97.983      81.567
   Withheld:    80,411,095.263      2.017      1.679

Lemma W. Senbet

   For:    3,908,008,747.183      98.071      81.640
   Withheld:    76,893,876.187      1.929      1.606

David Sung

   For:    3,899,522,144.326      97.858      81.463
   Withheld:    85,380,479.044      2.142      1.783

 

 

  144  

 


Hartford Domestic Equity Funds

Supplemental Proxy Information (Unaudited) – (continued)

 

 

 

The Harford Mutual Funds II, Inc.

 

Shares Outstanding (as of Record Date): 768,594,114.957

Total Shares Voted: 566,699,328.863

Percentage of Shares Voted: 73.731%

 

 

 

 

 

Director

  

Vote

  

Total Shares Voted

   Percentage of
Shares Voted
     Percentage
of Shares
Outstanding
 

Hilary E. Ackermann

   For:    556,660,539.359      98.229      72.425
   Withheld:    10,038,789.504      1.771      1.306

Robin C. Beery

   For:    556,944,922.870      98.279      72.462
   Withheld:    9,754,405.993      1.721      1.269

Lynn S. Birdsong

   For:    556,292,460.990      98.164      72.377
   Withheld:    10,406,867.873      1.836      1.354

Derrick D. Cephas

   For:    556,856,991.347      98.264      72.451
   Withheld:    9,842,337.516      1.736      1.280

James E. Davey

   For:    557,044,179.884      98.297      72.475
   Withheld:    9,655,148.979      1.703      1.256

Christine R. Detrick

   For:    557,270,841.428      98.337      72.505
   Withheld:    9,428,487.435      1.663      1.226

Andrew A. Johnson

   For:    556,714,377.226      98.239      72.432
   Withheld:    9,984,951.637      1.761      1.299

Paul L. Rosenberg

   For:    556,427,961.551      98.188      72.395
   Withheld:    10,271,367.312      1,812      1.336

Lemma W. Senbet

   For:    556,309,838.539      98.167      72.380
   Withheld:    10,389,490.324      1.833      1.351

David Sung

   For:    556,545,785.718      98.209      72.410
   Withheld:    10,153,543.145      1.791      1.321

As of the date of the Shareholder Meeting, Mr. Duane E. Hill served as a Director and did not seek re-election. Mr. Hill will continue to serve as a Director until his scheduled retirement on December 31, 2020.

 

 

  145  

 


THIS PRIVACY POLICY IS NOT PART OF THIS REPORT

CUSTOMER PRIVACY NOTICE

The Hartford Financial Services Group, Inc. and Affiliates*

(herein called “we, our, and us”)

This Privacy Policy applies to our United States Operations

 

We value your trust. We are committed to the responsible:

a) management;

b) use; and

c) protection;

of Personal Information.

This notice describes how we collect, disclose, and protect Personal Information.

We collect Personal Information to:

a) service your Transactions with us; and

b) support our business functions.

We may obtain Personal Information from:

a) You;

b) your Transactions with us; and

c) third parties such as a consumer-reporting agency.

Based on the type of product or service You apply for or get from us, Personal Information such as:

a) your name;

b) your address;

c) your income;

d) your payment; or

e) your credit history;

may be gathered from sources such as applications, Transactions, and consumer reports.

To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as:

a) our insurance companies;

b) our employee agents;

c) our brokerage firms; and

d) our administrators.

As allowed by law, we may share Personal Financial Information with our affiliates to:

a) market our products; or

b) market our services;

to You without providing You with an option to prevent these disclosures.

We may also share Personal Information, only as allowed by law, with unaffiliated third parties including:

a) independent agents;

b) brokerage firms;

c) insurance companies;

d) administrators; and

e) service providers;

who help us serve You and service our business.

When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as:

a) taking surveys;

b) marketing our products or services; or

c) offering financial products or services under a joint agreement between us and one or more financial institutions.

We, and third parties we partner with, may track some of the pages You visit through the use of:

a) cookies;

b) pixel tagging; or

c) other technologies;

and currently do not process or comply with any web browser’s “do not track” signal or other similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.

For more information, our Online Privacy Policy, which governs information we collect on our website and our affiliate websites, is available at https://www.thehartford.com/online-privacy-policy.

We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to:

a) “opt-out;” or

b) “opt-in;”

as required by law.

We only disclose Personal Health Information with:

a) your authorization; or

b) as otherwise allowed or required by law.

Our employees have access to Personal Information in the course of doing their jobs, such as:

a) underwriting policies;

b) paying claims;

c) developing new products; or

d) advising customers of our products and services.

We use manual and electronic security procedures to maintain:

a) the confidentiality; and

b) the integrity of;

Personal Information that we have. We use these procedures to guard against unauthorized access.

Some techniques we use to protect Personal Information include:

a) secured files;

b) user authentication;

c) encryption;

d) firewall technology; and

e) the use of detection software.

 


 

 

We are responsible for and must:

a) identify information to be protected;

b) provide an adequate level of protection for that data; and

c) grant access to protected data only to those people who must use it in the performance of their job-related duties.

Employees who violate our privacy policies and procedures may be subject to discipline, which may include termination of their employment with us.

We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us.

As used in this Privacy Notice:

Application means your request for our product or service.

Personal Financial Information means financial information such as:

a) credit history;

b) income;

c) financial benefits; or

d) policy or claim information.

Personal Financial Information may include Social Security Numbers, Driver’s license numbers, or other government-issued identification numbers, or credit, debit card, or bank account numbers.

Personal Health Information means health information such as:

a) your medical records; or

b) information about your illness, disability or injury.

Personal Information means information that identifies You personally and is not otherwise available to the public. It includes:

a) Personal Financial Information; and

b) Personal Health Information.

Transaction means your business dealings with us, such as:

a) your Application;

b) your request for us to pay a claim; and

c) your request for us to take an action on your account.

You means an individual who has given us Personal Information in conjunction with:

a) asking about;

b) applying for; or

c) obtaining;

a financial product or service from us if the product or service is used mainly for personal, family, or household purposes.

 

If you have any questions or comments about this privacy notice, please feel free to contact us at The Hartford – Consumer Rights and Privacy Compliance Unit, One Hartford Plaza, Hartford, CT 06155, or at ConsumerPrivacyInquiriesMailbox@thehartford.com.

This Customer Privacy Notice is being provided on behalf of The Hartford Financial Services Group, Inc. and its affiliates (including the following as of March 2020), to the extent required by the Gramm-Leach-Bliley Act and implementing regulations:

1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; Assurances Continentales Continentale Verzekeringen N.V; Bracht, Deckers & Mackelbert N.V.; Business Management Group, Inc.; Canal Re S.A.; Cervus Claim Solutions, LLC; First State Insurance Company; FTC Resolution Company LLC; Hart Re Group L.L.C.; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Distributors, LLC; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford Holdings, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Insurance, Ltd.; Hartford Integrated Technologies, Inc.; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Management, Ltd.; Hartford Productivity Services LLC; Hartford of Texas General Agency, Inc.; Hartford Residual Market, L.C.C.; Hartford Specialty Insurance Services of Texas, LLC; Hartford STAG Ventures LLC; Hartford Strategic Investments, LLC; Hartford Underwriters General Agency, Inc.; Hartford Underwriters Insurance Company; Heritage Holdings, Inc.; Heritage Reinsurance Company, Ltd.; HLA LLC; HL Investment Advisors, LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lattice Strategies LLC; Maxum Casualty Insurance Company; Maxum Indemnity Company; Maxum Specialty Services Corporation; Millennium Underwriting Limited; MPC Resolution Company LLC; Navigators (Asia) Limited; Navigators Corporate Underwriters Limited; Navigators Holdings (Europe) N.V.; Navigators Holdings (UK) Limited; Navigators Insurance Company; Navigators International Insurance Company Ltd.; Navigators Management Company, Inc.; Navigators Management (UK) Limited; Navigators N.V.; Navigators Specialty Insurance Company; Navigators Underwriting Agency Limited; Navigators Underwriting Limited; New England Insurance Company; New England Reinsurance Corporation; New Ocean Insurance Co., Ltd.; NIC Investments (Chile) SpA; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Property and Casualty Insurance Company of Hartford; Sentinel Insurance Company, Ltd; The Navigators Group, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company; Y-Risk, LLC.

Revised March 2020


This report is submitted for the general information of the shareholders of the Funds referenced in this report. It is not authorized for distribution to persons who are not shareholders of one or more Funds referenced in this report unless preceded or accompanied by a current prospectus for the relevant Funds. Nothing herein contained is to be considered an offer of sale or a solicitation of an offer to buy shares of any Fund listed in this report. Such offering is only made by prospectus, which includes details as to the offering price and other material information.

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

Investors should carefully consider the investment objectives, risks, charges and expenses of a Fund. This and other important information is contained in a Fund’s prospectus and summary prospectus, which can be obtained by visiting hartfordfunds.com. Please read it carefully before investing.

The Funds are distributed by Hartford Funds Distributors, LLC (HFD), Member FINRA. Hartford Funds Management Company, LLC (HFMC) is the Funds’ investment manager. The Funds referenced herein are sub-advised by Wellington Management Company LLP. HFD and HFMC are not affiliated with the Funds’ sub-adviser.

MFAR-DE20    12/20    219823    Printed in U.S.A.

 

LOGO


LOGO

Hartford Funds Our Benchmark is The Investor®. Hartford International/ Global Equity Funds Annual Report October 31, 2020 Hartford Climate Opportunities Fund1 Hartford Emerging Markets Equity Fund Hartford Global Impact Fund Hartford International Equity Fund The Hartford International Growth Fund The Hartford International Opportunities Fund The Hartford International Value Fund 1 Formerly, Hartford Environmental Opportunities Fund Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of each Fund’s shareholder reports like this one will no longer be sent by mail, unless you specifically request paper copies of the reports from the Fund or from your financial intermediary, such as a broker-dealer or bank. Instead, the reports will be made available on the Funds’ website (hartfordfunds.com). You will be notified by mail each time a report is posted and provided with a website link to access the report. You may at any time elect to receive paper copies of all shareholder reports free of charge by contacting your financial intermediary or, if you invest directly with a Fund, by calling 1-888-843-7824. Your election to receive reports in paper will apply to all Hartford Funds held in your account if you invest through your financial intermediary or directly with a Fund. If you previously elected to receive shareholder reports and other communications electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications electronically anytime by contacting your financial intermediary.


LOGO

A MESSAGE FROM THE PRESIDENT

Dear Shareholders:

Thank you for investing in Hartford Mutual Funds. The following is the Funds’ Annual Report covering the period from November 1, 2019 through October 31, 2020.

Market Review

During the 12 months ended October 31, 2020, U.S. stocks, as measured by the S&P 500 Index,1 gained 9.71% – an impressive number, to be sure, but one that doesn’t

 

begin to capture the drama of a pandemic-driven roller-coaster ride that has plunged the world into economic depths not seen since the Great Recession.

The period began with record-low unemployment, positive stock performances, and an optimistic global growth outlook. In late 2019, for example, months of trade tensions between the U.S. and China appeared to be eased by an initial agreement on tariff and trade reforms. The so-called “Phase One” deal, coupled with progress on resolving issues surrounding the U.K.’s withdrawal from the EU and a new United States-Mexico-Canada Agreement signed in January, 2020, brought calm to markets and seemed to set the stage for a strong 2020.

Instead, the novel coronavirus (COVID-19) pandemic erupted in late January and helped trigger a global recession. As world leaders grappled with the “new normal” of social distancing measures, business closures, and other mitigation efforts, many investors headed for the exits in March, 2020, bringing the longest bull market in U.S. economic history to an abrupt end. By mid-April, the U.S. unemployment rate had surged to 14.7%.

Late April 2020 brought a surprising recovery in U.S. markets, largely in response to an unprecedented economic rescue effort from central banks, including the U.S. Federal Reserve (Fed), which reduced interest rates to near zero and pledged trillions in U.S. securities purchases.

On the fiscal side, the U.S. government unveiled a series of aggressive policy initiatives, including passage of the $2 trillion CARES Act in late March, 2020. The combined fiscal and monetary support provided a lifeline to many businesses large and small, helping to reduce the nation’s unemployment rate in September, 2020, to 7.9% – still alarmingly high compared with the record-low 3.5% in February.

By the period’s end, the U.S. had reached another grim milestone of more than 230,000 coronavirus deaths. As fall cases surged, a new round of lockdowns and restrictions on economic activity, particularly in Europe, were widely adopted; however, Congress deadlocked over providing further economic stimulus. A late-period market selloff triggered by worsening virus numbers reminded investors of the potential for further economic uncertainty ahead. In addition, a contentious U.S. presidential campaign divided the nation.

As we continue to endure spikes in COVID-19 cases while awaiting the regulatory approvals and distribution of a safe and effective vaccine, uncertainty remains. In these unprecedented times, it’s more important than ever to maintain a strong relationship with your financial professional.

Thank you again for investing in Hartford Mutual Funds. For the most up-to-date information on our funds, please take advantage of all the resources available at hartfordfunds.com.

LOGO

James Davey

President

Hartford Funds

 

1 

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

 

The index is unmanaged and not available for direct investment. Past performance does not guarantee future results.


Hartford International/Global Equity Funds

Table of Contents

 

Fund Overview (Unaudited)

     2  

Benchmark Glossary (Unaudited)

     23  

Expense Examples (Unaudited)

     24  

Financial Statements:

  

Schedules of Investments:

  

Hartford Climate Opportunities Fund (formerly, Hartford Environmental Opportunities Fund)

     26  

Hartford Emerging Markets Equity Fund

     29  

Hartford Global Impact Fund

     33  

Hartford International Equity Fund

     35  

The Hartford International Growth Fund

     42  

The Hartford International Opportunities Fund

     44  

The Hartford International Value Fund

     47  

Glossary

     51  

Statements of Assets and Liabilities

     52  

Statements of Operations

     56  

Statements of Changes in Net Assets

     58  

Financial Highlights

     62  

Notes to Financial Statements

     70  

Report of Independent Registered Public Accounting Firm

     93  

Operation of the Liquidity Risk Management Program (Unaudited)

     94  

Directors and Officers (Unaudited)

     95  

How to Obtain a Copy of each Fund’s Proxy Voting Policies and Voting Records (Unaudited)

     98  

Quarterly Portfolio Holdings Information (Unaudited)

     98  

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

     99  

Supplemental Proxy Information (Unaudited)

     105  

The views expressed in each Fund’s Manager Discussion contained in the Fund Overview section are views of that Fund’s portfolio manager(s) through the end of the period and are subject to change based on market and other conditions, and we disclaim any responsibility to update the views contained herein. These views may contain statements that are “forward-looking” statements. Actual results may differ materially from those projected in the “forward-looking” statements. Each Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable. Holdings and characteristics are subject to change. Fund performance reflected in each Fund’s Manager Discussion reflects the returns of such Fund’s Class A shares, before sales charges. Returns for such Fund’s other classes differ only to the extent that the classes do not have the same expenses.


Hartford Climate Opportunities Fund

(formerly, Hartford Environmental Opportunities Fund)

Fund Overview

October 31, 2020 (Unaudited)

 

 

 

Inception 02/29/2016

Sub-advised by Wellington Management Company LLP (“Wellington Management”) and Schroder Investment Management North America Inc. (Schroder Investment Management North America Limited serves as a sub-sub-adviser)

  Investment objective – The Fund seeks long-term capital appreciation.

 

LOGO

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.

 

Average Annual Total Returns

for the Periods Ending 10/31/2020

 

      1 Year      Since
Inception1
 

Class A2

     23.27%        13.03%  

Class A3

     16.49%        11.67%  

Class C2

     22.24%        12.72%  

Class C4

     21.24%        12.72%  

Class I2

     23.58%        13.36%  

Class R32

     23.51%        13.29%  

Class R42

     23.48%        13.17%  

Class R52

     23.58%        13.32%  

Class R62

     23.73%        13.46%  

Class Y2

     23.66%        13.41%  

Class F2

     23.76%        13.41%  

MSCI ACWI Index (Net)

     4.89%        10.96%  

MSCI Global Environment Index (Net)

     46.17%        19.38%  

 

1 

Inception: 02/29/2016

2 

Without sales charge

3 

Reflects maximum sales charge of 5.50%

4 

Reflects a contingent deferred sales charge of 1.00%

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude

investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Class F shares commenced operations on 02/28/2017. Performance prior to that date is that of the Fund’s Class I shares.

To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.

Prior to 11/08/2019, the Fund pursued a modified strategy and Wellington Management served as the Fund’s only sub-adviser.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

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

 

Operating Expenses*    Gross      Net  

Class A

     1.80%        1.19%  

Class C

     2.55%        1.94%  

Class I

     1.50%        0.89%  

Class R3

     2.13%        1.41%  

Class R4

     1.83%        1.11%  

Class R5

     1.53%        0.81%  

Class R6

     1.41%        0.69%  

Class Y

     1.52%        0.79%  

Class F

     1.41%        0.69%  

 

*

Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual expense reimbursement arrangements. Net expenses reflect such arrangements in instances when they reduce gross expenses. These arrangements remain in effect until 02/28/2021 unless the Fund’s Board of Directors approves an earlier termination. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020.

 

 

 

  2  

 


Hartford Climate Opportunities Fund

(formerly, Hartford Environmental Opportunities Fund)

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

Portfolio Managers

Alan T. Hsu

Managing Director, Global Industry Analyst, and Equity Portfolio Manager

Wellington Management Company LLP

G. Thomas Levering

Senior Managing Director and Global Industry Analyst

Wellington Management Company LLP

Simon Webber, CFA

Portfolio Manager

Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited

 

 

 

Manager Discussion

How did the Fund perform during the period?

The Class A shares of the Hartford Climate Opportunities Fund returned 23.27%, before sales charges, for the twelve-month period ended October 31, 2020, outperforming the Fund’s primary benchmark, the MSCI ACWI Index (Net), which returned 4.89% for the same period, but underperforming the Fund’s secondary benchmark, the MSCI Global Environment Index (Net), which returned 46.17% for the same period. For the same period, the Class A shares of the Fund, before sales charges, outperformed the -5.83% average return of the Lipper Global Multi-Cap Value group, a group of funds with investment strategies similar to those of the Fund in terms of market cap distribution and value and growth style characteristics, but not necessarily similar in terms of investment focus or objective.

Why did the Fund perform this way?

For the twelve-month period ended October 31, 2020, global equities rose, as measured by the MSCI ACWI Index (Net). Towards the end of 2019, global equities rose as the United States (U.S.)-China trade dispute remained foremost in investors’ minds. The U.S. cancelled tariffs that were scheduled to take effect on December 15, 2019 in an effort to secure a trade deal with China. U.S. President Donald Trump subsequently announced that the first phase of a trade agreement would be signed on January 15, 2020, providing significant relief to global markets.

Although international equities achieved strong gains in the final months of 2019, the spread of coronavirus around the world in early 2020 profoundly weakened investor sentiment, with global equities recording sharp falls in the first quarter of 2020. Countries around the world went into lockdown to try to contain the outbreak, and governments and central banks announced huge and unprecedented policy measures to help support businesses and households and reduce borrowing costs.

In the second quarter of 2020, global equity markets surged to their best quarterly return since December 1999. Markets were fueled by optimism about successful early stage trials for a potential coronavirus vaccine, ongoing fiscal and monetary stimulus, and signs that global economic activity was improving. As new coronavirus cases declined in most countries, governments shifted their focus toward gradually lifting lockdown restrictions and supporting the recovery of their economies;

however, new cases rose sharply in some areas of the U.S., and India and much of Latin America struggled to bring the virus under control.

In the third quarter of 2020, global markets were bolstered by the impact of the massive fiscal and monetary stimulus from governments and central banks, further signs of a recovery in global economic growth, and the potential for coronavirus vaccines in the near future. However, the recovery was threatened by the global coronavirus pandemic. The worldwide death toll eclipsed one million, with infections escalating in Europe, the U.S., India, and Latin America. Europe faced an alarming rise in cases, as the number of new infections reached record highs in some countries.

In the final month of the period, global equities fell as a resurgence of coronavirus cases in the U.S. and Europe and the upcoming U.S. elections were foremost in investors’ minds. The U.S. Food and Drug Administration approved the antiviral drug remdesivir for the treatment of coronavirus, while European countries battled a second wave of infections amid record-high numbers of new cases, most notably in France, Spain, Germany, and the United Kingdom (U.K.).

From a climate change perspective, measures imposed to contain the spread of coronavirus appear to have resulted in a material drop in carbon emissions. Moreover, the European Union (EU) has agreed to a 750 billion (US$888 billion) recovery plan to repair the economic damage caused by coronavirus and prepare the block for the transition to be a net zero carbon economy by 2050. This is very encouraging, in our view, as it is essential that the economic crisis caused by coronavirus does not derail efforts by the global community to address climate change. The EU initiative shows that the right policy measures can tackle both challenges simultaneously.

Six of the eleven sectors in the MSCI ACWI Index (Net) posted positive returns during the period. The Information Technology (+33%) and Consumer Discretionary (+25%) sectors rose the most, while the Energy (-42%) and Financials (-18%) sectors fell the most during the period.

Security selection was the primary driver of the Fund’s outperformance relative to the MSCI ACWI Index (Net) over the twelve-month period ended October 31, 2020. Selection in the Industrials sector was a particularly positive contributor to Fund performance, although selection in the Real Estate and Utilities sectors also contributed positively to

 

 

 

  3  

 


Hartford Climate Opportunities Fund

(formerly, Hartford Environmental Opportunities Fund)

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

outperformance. Sector allocation, a result of bottom-up stock selection, detracted from relative performance over the period. Due to the Fund’s focus on companies that address environmental challenges, the Fund has a natural overweight to the Industrials and Utilities sectors, and underweights to the Financials, Healthcare, and Communication Services sectors. Overweights to the Industrials and Utilities sectors were the primary detractors from the Fund’s relative performance during the period, while underweights to the Financials and Energy sectors were additive to performance. From a regional perspective, equities in Europe and North America added the most value.

Top contributors to performance relative to the MSCI ACWI Index (Net) and absolute returns included Vestas Wind Systems, Tesla, and Sunnova Energy. Danish wind turbine supplier Vestas Wind performed well, boosted by anticipation of a favorable U.S. election outcome, and the ongoing shift to renewable energy amidst cost competitiveness relative to fossil fuels. Shares of Tesla, an electric vehicle manufacturer, rose during the period due to a variety of favorable factors and were amplified by growing interest in electric vehicles. Tesla reported second-quarter results that showed a strong sequential gain in quarterly car deliverables. The stock was further supported by their announcement of a 5-for-1 stock split. Shares of Sunnova Energy, a renewable energy solutions company, rose over the period. Sunnova reaffirmed 2020 guidance and reported second-quarter results showing better-than-expected revenue numbers, but lower earnings. The company also reported an increase in overall customers.

Top detractors from relative performance during the period included Apple, Cia de Saneamento do Parana, and Clean Harbors. Not owning Apple, a constituent of the MSCI ACWI Index (Net) and designer of consumer electronics and computer software, was the top detractor from relative performance. Shares of Cia de Saneamento do Parana, a water and waste management company, fell following an announcement that the company would be implementing an intermittent water supply scheme in certain neighborhoods given the weak rainfall. Additionally, the company has seen short-term weakness given coronavirus pandemic difficulties as second-quarter 2020 earnings results missed expectations, and both volumes and average tariff came in weaker than expected. Clean Harbors, a hazardous waste disposal company, was also a top detractor from relative results.

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

What is the outlook as of the end of the period?

Momentum behind the transition to a low-carbon economy is accelerating rapidly now. The most crucial driver has been the dramatic improvement in competitiveness of clean technology economics to the point where they require little or no subsidy to compete with fossil fuel technologies. However there is also building momentum from government support, led by the European Union with its very ambitious targets to reduce emissions by 2030, and the EU Green Deal channeling at least a quarter of its 750 billion recovery package towards decarbonization initiatives.

The EU has committed to becoming a net zero carbon economy by 2050, and this month China has joined this effort by committing to

achieving that goal by 2060. The U.S. election is also a pivotal moment for climate change policy, with a Democrat victory likely to bring the U.S. more into alignment with Europe with much more aggressive climate investments. At the end of the period, the Fund’s overweights were to the Industrials and Utilities sectors, while the largest underweights were to the Healthcare, Communication Services, and Information Technology sectors, relative to the MSCI ACWI Index (Net). Within the Fund’s environmental themes, the Fund’s largest absolute weights were to clean energy and energy efficiency companies. On a regional basis, the Fund had the largest overweight to Europe and the largest underweight to North America, relative to the MSCI ACWI Index (Net).

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. The Fund’s performance depends on the ability of the Investment Manager in selecting, overseeing, and allocating Fund assets to the sub-advisers. The sub-advisers’ investment styles may not be complementary. Small- and mid-cap securities can have greater risks and volatility than large-cap securities. Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. These risks may be greater for investments in emerging markets. Focus on investments that involve climate change opportunities or sustainable and environmental initiatives may result in foregoing certain investments and underperformance comparative to funds that do not have a similar focus. There are risks of focusing investments in securities of companies in the utilities and industrials sectors which may cause the Fund’s performance to be sensitive to developments in those sectors.

Composition by Sector(1)

as of 10/31/2020

 

Sector    Percentage of
Net Assets
 

Equity Securities

  

Communication Services

     1.6

Consumer Discretionary

     9.9  

Consumer Staples

     1.2  

Energy

     0.3  

Financials

     6.0  

Health Care

     1.7  

Industrials

     37.0  

Information Technology

     16.3  

Materials

     4.7  

Real Estate

     1.4  

Utilities

     14.5  
  

 

 

 

Total

     94.6
  

 

 

 

Short-Term Investments

     4.4  

Other Assets & Liabilities

     1.0  
  

 

 

 

Total

     100.0
  

 

 

 

 

(1)

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

 

 

 

  4  

 


Hartford Emerging Markets Equity Fund

Fund Overview

October 31, 2020 (Unaudited)

 

 

 

Inception 05/31/2011

Sub-advised by Wellington Management Company LLP

  Investment objective – The Fund seeks long-term capital appreciation.

 

LOGO

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.

 

Average Annual Total Returns

for the Periods Ending 10/31/2020

 

      1 Year      5 Years      Since
Inception1
 

Class A2

     3.12%        6.48%        1.05%  

Class A3

     -2.55%        5.28%        0.45%  

Class C2

     2.26%        5.66%        0.30%  

Class C4

     1.26%        5.66%        0.30%  

Class I2

     3.45%        6.81%        1.40%  

Class R32

     2.68%        6.18%        0.78%  

Class R42

     3.12%        6.48%        1.08%  

Class R52

     3.46%        6.69%        1.33%  

Class R62

     3.55%        6.97%        1.50%  

Class Y2

     3.47%        6.88%        1.45%  

Class F2

     3.55%        6.91%        1.45%  

MSCI Emerging Markets Index (Net)

     8.25%        7.92%        1.85%  

 

1 

Inception: 05/31/2011

2 

Without sales charge

3 

Reflects maximum sales charge of 5.50%

4 

Reflects a contingent deferred sales charge of 1.00%

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Class F shares commenced operations on 02/28/2017. Performance prior to that date is that of the Fund’s Class I shares. Class R6 shares commenced operations on 02/28/2018. Performance prior to that date is that of the Fund’s Class Y shares.

To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

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

Performance information prior to 05/07/2015 reflects when the Fund pursued a modified investment strategy.

 

Operating Expenses*    Gross      Net  

Class A

     1.51%        1.46%  

Class C

     2.35%        2.21%  

Class I

     1.21%        1.21%  

Class R3

     1.82%        1.71%  

Class R4

     1.52%        1.46%  

Class R5

     1.22%        1.16%  

Class R6

     1.10%        0.99%  

Class Y

     1.21%        1.11%  

Class F

     1.10%        0.99%  

 

*

Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual expense reimbursement arrangements. Net expenses reflect such arrangements in instances when they reduce gross expenses. These arrangements remain in effect until 02/28/2021 unless the Fund’s Board of Directors approves an earlier termination. Expenses shown include acquired fund fees and expenses. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020.

 

 

 

  5  

 


Hartford Emerging Markets Equity Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

Portfolio Managers

David J. Elliott, CFA

Senior Managing Director and Co-Director, Quantitative Investments and Portfolio Manager

Wellington Management Company LLP

Mark A. Yarger, CFA

Managing Director, Quantitative Analyst

Wellington Management Company LLP

 

 

 

Manager Discussion

How did the Fund perform during the period?

The Class A shares of the Hartford Emerging Markets Equity Fund returned 3.12%, before sales charges, for the twelve-month period ended October 31, 2020, underperforming the Fund’s benchmark, the MSCI Emerging Markets Index (Net), which returned 8.25% for the same period. For the same period, the Class A shares of the Fund, before sales charges, also underperformed the 5.70% average return of the Lipper Emerging Markets Equity Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

Emerging market (EM) equities, as measured by the MSCI Emerging Markets Index (Net), continued their strong performance from 2019 into 2020. Markets dealt with uncertainty about the magnitude, duration, and potential economic consequences of the coronavirus outbreak, but as countries gradually eased quarantine measures and reopened their economies, investors were optimistic about the global economic recovery.

In Asia, Taiwan and China led the region higher despite further indications that relations between the United States (U.S.) and China had deteriorated. Performance in Taiwan was driven by continued strength in technology export orders and stronger demand for domestic services, thanks to its ability to control its coronavirus outbreak. China’s economic recovery accelerated amid a pickup in industrial production, greater demand for consumer services, and improved consumer sentiment.

Latin American equities produced mixed results during the period as markets were hindered by supply disruptions, negative demand shocks, and anxiety about the spread of the coronavirus. Argentina was the top performer as the country rallied on news that the government had reached an agreement with top creditors to restructure $65 billion of debt following months of negotiations, setting the stage for potential debt relief.

Within Europe, the Middle East, and Africa (EMEA), Central European countries such as the Czech Republic, Hungary, and Poland suffered steep declines, as supply-chain disruptions and falling export demand posed significant risks to growth. Additionally, fears of an escalation of the coronavirus in the region could lead to quarantine measures that would severely disrupt the labor market and upend consumption and investment contributed to such declines.

Five of eleven sectors within the MSCI Emerging Markets Index (Net) posted positive returns during the period. The Consumer Discretionary (+48%), Information Technology (+36%), and Communication Services (+34%) sectors rose the most, while the Energy (-29%), Utilities (-21%), and Financials (-20%) sectors declined most during the period.

Within the Fund, security selection within the Communication Services, Consumer Discretionary, and Information Technology sectors detracted most from returns relative to the MSCI Emerging Markets Index (Net). This was partially offset by stronger selection within the Healthcare and Industrials sectors. Sector allocation, a result of our quantitative security selection process, also detracted from relative performance. An underweight to the Consumer Discretionary and Communication Services sectors detracted the most from relative performance, while underweights to the Financials and Energy sectors contributed positively to relative performance. From a country perspective, security selection within China, South Korea, and India detracted from relative performance while security selection in Malaysia, Poland, and Taiwan contributed positively to returns. Allocation within countries also detracted from relative performance, as overweights to Poland, Thailand, and Turkey detracted from relative performance, offsetting positive performance from an overweight to China and underweights to Saudi Arabia and the Philippines.

Underweights to Tencent (Communication Services), Alibaba (Consumer Discretionary), and Taiwan Semiconductor (Information Technology) were the largest detractors from relative performance during the period. The Fund’s underweight to Tencent, China’s largest social media, mobile, and gaming platform, detracted during the period as shares reached all-time highs. The company saw a surge in gaming activity as people stayed home worldwide due to the coronavirus. Shares of Alibaba, China’s e-commerce leader, rose most recently after the company reported fiscal first-quarter results that beat both revenue and earnings estimates, with revenue growth returning to levels not seen since before the coronavirus pandemic. Some revenue growth stemmed from record sales during a June shopping event as heavy discounting lured shoppers. The Fund’s underweight to Taiwan Semiconductor, a developer and manufacturer of integrated circuit related products, also detracted from relative performance during the period. Shares of the Taiwanese foundry chipmaker advanced after U.S. chipmaker Intel announced that the release of its most advanced chips will be delayed, and the company may use third-party foundries to produce some of its products. Investors viewed Intel’s comments on working with third-party foundries as a positive for Taiwan Semiconductor. Bajaj Finance (Financials) was a top absolute detractor from performance over the period.

Top Glove (Healthcare), JD.com (Consumer Discretionary), and NetEase (Communication Services) were the top contributors to performance relative to the MSCI Emerging Markets Index (Net) during the period. Top Glove, a manufacturer of a wide range of latex gloves, contributed positively as shares surged on demand for gloves due to the coronavirus pandemic. Shares of JD.com, a China-based e-commerce company, rose most after reporting first-quarter earnings that exceeded expectations, driven by strong year-over-year revenue growth. The

 

 

 

  6  

 


Hartford Emerging Markets Equity Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

e-commerce firm won approval for a secondary listing on the Stock Exchange of Hong Kong (SEHK), seeking to broaden its investor base. Shares of NetEase, the second largest mobile game developer in China, rose as demand for mobile gaming increased as people sought out more indoor activities due to the coronavirus pandemic. Alibaba (Consumer Discretionary) was a top absolute contributor to Fund performance over the period.

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

What is the outlook as of the end of the period?

We plan to continue to seek to add value by utilizing proprietary quantitative research and investment tools in a highly disciplined framework. Stock selection is intended to be the key driver of returns.

At the end of the period, the Fund had the largest overweights to Taiwan and China, and the largest underweights to Indonesia and Philippines relative to the MSCI Emerging Markets Index (Net). On a sector basis, the Fund had its largest overweights to the Communication Services, Industrials, and Consumer Staples sectors, and the largest underweights to the Energy, Consumer Discretionary, and Financials sectors relative to the MSCI Emerging Markets Index (Net).

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. These risks may be greater for investments in emerging markets or if the Fund focuses in a particular geographic region or country. Small- and mid-cap securities can have greater risks and volatility than large-cap securities.  The Fund’s focus on investments in particular sectors may increase its volatility and risk of loss if adverse developments occur.

Composition by Sector(1)

as of 10/31/2020

 

Sector    Percentage of
Net Assets
 

Equity Securities

 

Communication Services

     14.2

Consumer Discretionary

     19.7  

Consumer Staples

     6.8  

Energy

     3.5  

Financials

     15.7  

Health Care

     3.7  

Industrials

     6.0  

Information Technology

     18.6  

Materials

     7.6  

Real Estate

     2.1  

Utilities

     0.9  
  

 

 

 

Total

     98.8

Short-Term Investments

     1.1  

Other Assets & Liabilities

     0.1  
  

 

 

 

Total

     100.0
  

 

 

 

 

(1) 

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

 

 

 

  7  

 


Hartford Global Impact Fund

Fund Overview

October 31, 2020 (Unaudited)

 

 

 

Inception 02/28/2017

Sub-advised by Wellington Management Company LLP

  Investment objective – The Fund seeks long-term capital appreciation.

 

LOGO

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.

 

Average Annual Total Returns

for the Periods Ending 10/31/2020

 

      1 Year      Since
Inception1
 

Class A2

     14.37%        12.26%  

Class A3

     8.08%        10.54%  

Class C2

     13.63%        11.60%  

Class C4

     12.63%        11.60%  

Class I2

     14.79%        12.70%  

Class R32

     14.21%        12.27%  

Class R42

     14.59%        12.43%  

Class R52

     14.77%        12.65%  

Class R62

     14.87%        12.75%  

Class Y2

     15.15%        12.77%  

Class F2

     15.05%        12.79%  

MSCI ACWI Index (Net)

     4.89%        8.11%  

 

1 

Inception: 02/28/2017

2 

Without sales charge

3 

Reflects maximum sales charge of 5.50%

4 

Reflects a contingent deferred sales charge of 1.00%

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Performance information prior to 10/07/2019 reflects when the Fund operated as a feeder fund in a master feeder structure.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

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

 

Operating Expenses*    Gross      Net  

Class A

     1.71%        1.19%  

Class C

     2.50%        1.94%  

Class I

     1.33%        0.89%  

Class R3

     1.97%        1.41%  

Class R4

     1.67%        1.11%  

Class R5

     1.37%        0.81%  

Class R6

     1.26%        0.69%  

Class Y

     1.36%        0.79%  

Class F

     1.25%        0.69%  

 

*

Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual expense reimbursement arrangements. Net expenses reflect such arrangements in instances when they reduce gross expenses. These arrangements remain in effect until 02/28/2021 unless the Fund’s Board of Directors approves an earlier termination. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020.

 

 

 

  8  

 


Hartford Global Impact Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

Portfolio Manager

Tara C. Stilwell, CFA

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

 

 

 

Manager Discussion

How did the Fund perform during the period?

The Class A shares of the Hartford Global Impact Fund returned 14.37%, before sales charges, for the twelve-month period ended October 31, 2020, outperforming the Fund’s benchmark, the MSCI ACWI Index (Net), which returned 4.89% for the same period. For the same period, the Class A shares of the Fund, before sales charges, outperformed the 6.69% average return of the Lipper Global Small-/Mid-Cap Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

For the twelve-month period ended October 31, 2020, global equities rose, as measured by the MSCI ACWI Index (Net). Towards the end of 2019, global equities rose as the United States (U.S.)-China trade dispute remained foremost in investors’ minds. The U.S. canceled tariffs that were scheduled to take effect on December 15, 2019 in an effort to secure a trade deal with China. U.S. President Donald Trump subsequently announced that the first phase of a trade agreement would be signed on January 15, 2020, providing significant relief to global markets.

In the first quarter of 2020, global markets ended sharply lower. The coronavirus spread rapidly across the globe, causing unprecedented disruption to financial markets and economies and overshadowing optimism about a phase-one trade deal between the U.S. and China. The World Health Organization declared the coronavirus outbreak a pandemic, with 877,000 confirmed cases and more than 43,200 deaths in 180 countries. Market volatility remained extremely high, and liquidity plunged to record lows.

In the second quarter of 2020, global equity markets surged to their best quarterly return since December 1999. Markets were fueled by optimism about successful early stage trials for a potential coronavirus vaccine, ongoing fiscal and monetary stimulus, and signs that global economic activity was improving. As new coronavirus cases declined in most countries, governments shifted their focus toward gradually lifting lockdown restrictions and supporting the recovery of their economies; however, new cases rose sharply in some areas of the U.S., while India and much of Latin America struggled to bring the virus under control.

In the third quarter of 2020, global markets were bolstered by the impact of the massive fiscal and monetary stimulus from governments and central banks, further signs of a recovery in global economic growth, and the potential for coronavirus vaccines in the near future. However, the recovery was threatened by the pandemic. The worldwide coronavirus death toll eclipsed one million, with infections escalating in Europe, the U.S., India, and Latin America. Europe faced an alarming rise in cases, as the number of new infections reached record highs in some countries.

In the final month of the period, global equities fell as a resurgence of coronavirus cases in the U.S. and Europe and the upcoming U.S.

elections were foremost in investors’ minds. The U.S. Food and Drug Administration approved the antiviral drug remdesivir for the treatment of coronavirus, while European countries battled a second wave of infections amid record-high numbers of new cases, most notably in France, Spain, Germany, and the United Kingdom (U.K.).

Six of the eleven sectors in the MSCI ACWI Index (Net) posted positive returns during the period. The Information Technology (+33%) and Consumer Discretionary (+25%) sectors rose the most, while the Energy (-42%) and Financials (-18%) sectors fell the most during the period.

Security selection was the largest contributor to the Fund’s outperformance relative to the MSCI ACWI Index (Net) over the period. Selection in the Industrials, Healthcare, and Utilities sectors was a significant contributor to benchmark-relative outperformance. This was partially offset by weaker stock selection in the Communication Services and Consumer Discretionary sectors, which detracted from performance. On a regional basis, security selection in North America was the primary contributor to the Fund’s relative performance, which was partially offset by weaker selection in emerging markets, which detracted from performance. Sector allocation, a result of the bottom-up stock selection process, also contributed positively to relative performance, primarily due to the Fund’s underweight to the Financials sector and not holding Energy equities. On the other hand, an overweight to the Real Estate sector and underweight to the Consumer Discretionary sector detracted from relative returns over the period.

Top contributors to relative performance over the period included Square (Information Technology), Nuance Communication (Information Technology), and Invitae (Healthcare). Shares of Square, a cloud-based point-of-service payment solution for small businesses, rose over the period after the company delivered exceptional second-quarter results on the back of better-than-expected performance in its Seller segment (point of sale service) and the strong performance of its Cash App (with revenue up 140% year-on-year). We continued to hold the stock within the Fund as of the end of the period. Shares of Nuance Communications, which specializes in voice recognition systems, rose sharply in September 2020 after the company announced the integration of their ambient clinical intelligence solution, DAX, into Microsoft Teams for virtual telehealth consults. The company also reported second-quarter revenue and earnings above consensus as well as reaffirming its medium-term targets. Invitae is a diagnostics company providing hereditary cancer screening and family health testing as well as predictive and prognostic data and analysis. Invitae’s stock price rose on the back of the company’s announcement to acquire a competitor with strong cancer diagnostic technology, an area in which Invitae lacked exposure. As of the end of the period, the Fund continued to hold a position in the company.

Top detractors from the Fund’s relative performance over the period included Apple (Information Technology), Boston Properties (Real Estate), and Millicom International Cellular (Communication Services).

 

 

 

  9  

 


Hartford Global Impact Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

Not owning Apple, a designer of consumer electronics and computer software, was the top detractor from the Fund’s relative performance. We do not own Apple in the Fund because currently it is not aligned with our impact investing criteria. Shares of Boston Properties, the largest publicly-held developer and owner of Class A office properties, came under pressure during the period as tenant rent collections came into question amid pandemic-related lockdowns with much of the country working from home. As of the end of the period, we continued to hold a position in Boston Properties within the Fund, believing that the current values are unsustainably low and that some combination of workforces returning to the office, in addition to continued solid fundamentals, offer compelling risk/reward. Shares of Millicom, a leading telecommunications provider in several Latin American countries, fell over the period following year-on-year revenue decline in April 2020 as Latin America trailed Europe’s recovery from the coronavirus, with investors concerned by the company’s debt levels. While we believe the company still has a healthy cash margin and may be able to cover its debt levels in the short term, we are less confident in its capital allocation decisions from here. We engaged with the company to discuss our concerns, particularly around potential mergers and acquisitions (M&A) in Latin America, but this engagement did not ease our concerns. Ultimately, we decided to sell the Fund’s position during the period.

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

What is the outlook as of the end of the period?

As we embark on the final months of the year, we expect volatility to persist driven by the pandemic, vaccine trials, and China-U.S. geopolitical tensions. The range of potential outcomes is wide and predicting the impact on equity markets of any single variable is challenging. We are mindful that price-to-earnings ratios for equity markets, particularly for high-growth business models, have continued to rise since the market volatility experienced in the first quarter of 2020 through the end of the period. We remain disciplined in our valuation assessments, focusing the Fund’s investments where we have differentiated insights. Specifically, we are cautious around companies that have already seen major price increases due to secular tailwinds and continue to monitor the Fund’s investments in companies that have benefited from these developments. Looking past the potential volatility of the fourth quarter of 2020, we believe that global economy will continue to re-open and, ultimately, heal. Longer-term, this environment is likely to lead to inflationary pressures in our view. Therefore, we continue to look for good opportunities to invest in companies that are less exposed to macroeconomic factors, often because of the nature of their businesses.

Due to the Fund’s focus on impact companies and sustainability, the Fund has natural underweights in certain sectors, such as the Financials, Consumer Discretionary, and Consumer Staples sectors, and overweights to the Healthcare, Industrials, and Real Estate sectors, relative to the MSCI ACWI Index (Net). Within the Fund’s impact themes, the Fund’s largest absolute weights at the end of the period were in health and resource efficiency. On a regional basis, the Fund ended the period with the largest overweight to Developed Europe ex United Kingdom and largest underweight to North America, relative to the MSCI ACWI Index (Net).

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. Small-cap and mid-cap securities can have greater risks and volatility than large-cap securities. Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. These risks may be greater for investments in emerging markets. Investing in companies that seek to address major social and environmental challenges may cause the Fund to forego certain investment opportunities and underperform funds that do not have a similar focus.

Composition by Sector(1)

as of 10/31/2020

 

Sector    Percentage of
Net Assets
 

Equity Securities

 

Communication Services

     5.6

Consumer Discretionary

     4.9  

Consumer Staples

     1.9  

Financials

     0.5  

Health Care

     21.2  

Industrials

     17.1  

Information Technology

     22.1  

Materials

     4.6  

Real Estate

     9.8  

Utilities

     6.5  
  

 

 

 

Total

     94.2
  

 

 

 

Short-Term Investments

     4.1  

Other Assets & Liabilities

     1.7  
  

 

 

 

Total

     100.0
  

 

 

 

 

(1)

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

 

 

 

  10  

 


Hartford International Equity Fund

Fund Overview

October 31, 2020 (Unaudited)

 

 

 

Inception 06/30/2008

Sub-advised by Wellington Management Company LLP

  Investment objective – The Fund seeks long-term capital appreciation.

 

LOGO

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.

 

Average Annual Total Returns

for the Periods Ending 10/31/2020

 

      1 Year      5 Years      10 Years  

Class A1

     -2.48%        3.82%        3.78%  

Class A2

     -7.84%        2.66%        3.20%  

Class C1

     -3.28%        3.03%        3.00%  

Class C3

     -4.24%        3.03%        3.00%  

Class I1

     -2.21%        4.15%        4.15%  

Class R31

     -2.81%        3.51%        3.51%  

Class R41

     -2.52%        3.79%        3.81%  

Class R51

     -2.20%        4.09%        4.12%  

Class R61

     -2.11%        4.38%        4.29%  

Class Y1

     -2.20%        4.28%        4.23%  

Class F1

     -2.02%        4.27%        4.21%  

MSCI ACWI ex USA Index (Net)

     -2.61%        4.26%        3.43%  

 

1 

Without sales charge

2 

Reflects maximum sales charge of 5.50%

3 

Reflects a contingent deferred sales charge of 1.00%

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Class F shares commenced operations on 02/28/2017. Performance prior to that date is that of the Fund’s Class I shares. Class R6 shares commenced operations on 02/28/2018. Performance prior to that date is that of the Fund’s Class Y shares.

To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

Performance information may reflect historical expense waivers/reimbursements without which performance would have been lower.

Performance information prior to 08/13/2015 reflects when the Fund pursued a modified investment strategy.

Classes A, C, and I of the Fund are closed to new investors, subject to certain exceptions. For more information, please see the Fund’s prospectus.

 

Operating Expenses*    Gross      Net  

Class A

     0.97%        0.97%  

Class C

     1.71%        1.71%  

Class I

     0.63%        0.63%  

Class R3

     1.24%        1.24%  

Class R4

     0.96%        0.96%  

Class R5

     0.65%        0.65%  

Class R6

     0.54%        0.54%  

Class Y

     0.65%        0.65%  

Class F

     0.54%        0.54%  

 

*

Expenses as shown in the Fund’s most recent prospectus. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020.

 

 

 

  11  

 


Hartford International Equity Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

Portfolio Managers

Gregg R. Thomas, CFA

Senior Managing Director and Director, Investment Strategy

Wellington Management Company LLP

Thomas S. Simon, CFA, FRM

Senior Managing Director and Portfolio Manager

Wellington Management Company LLP

 

 

 

Manager Discussion

How did the Fund perform during the period?

The Class A shares of the Hartford International Equity Fund returned -2.48%, before sales charge, for the twelve-month period ended October 31, 2020, outperforming the Fund’s benchmark, the MSCI ACWI ex USA Index (Net), which returned -2.61% for the same period. For the same period, the Class A shares of the Fund, before sales charges, underperformed the 7.27% average return of the Lipper International Multi-Cap Growth peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

For the twelve-month period ended October 31, 2020, international equities fell, as measured by the MSCI ACWI ex USA Index (Net). The period started positively with waning recession fears and forecasts for improving global economic growth in 2020 helping to bolster risk sentiment, while geopolitics and trade disputes continued to be major drivers of market volatility. At the start of the year, however, the global economy took a turn for the worse as the coronavirus spread rapidly across the globe, causing unprecedented disruption to financial markets and economies and overshadowing optimism about a phase-one trade deal between the United States (U.S.) and China. Most global central banks and governments took extraordinary measures seeking to limit financial market stress, mitigate the economic fallout, and cushion household and business income. Markets began to recover, fueled by optimism about successful early stage trials for a potential coronavirus vaccine, ongoing fiscal and monetary stimulus, and signs of improving global economic activity. As new coronavirus cases declined in most countries, governments shifted their focus toward gradually lifting lockdown restrictions and supporting the recovery of their economies. Markets continued to benefit from the impact of the massive fiscal and monetary stimulus from governments and central banks, further signs of a recovery in global economic growth, and the potential for coronavirus vaccines in the near future. Global economic indicators showed that the global economic recovery strengthened, if at a more moderate pace. A resurgence of coronavirus cases in the U.S. and Europe, however, stalled the market’s assent higher.

Five of eleven sectors within the MSCI ACWI ex USA Index (Net) posted positive returns for the twelve months ending October 31, 2020. The Information Technology (+24.7%), Communications Services (+14.6%), and Consumer Discretionary (+14.2%) sectors posted the largest gains while the Energy (-38.4%), Real Estate (-20.0%), and Financials (-20.0%) sectors had the largest declines.

Sector allocation, a residual of the underlying managers’ bottom-up stock selection processes, contributed positively to the Fund’s returns relative to the MSCI ACWI ex USA Index (Net) over the period. An

underweight exposure to the Energy sector was the largest contributor to relative performance during the period, while an underweight to the Materials sector was the largest detractor. Security selection also contributed positively to the Fund’s relative performance during the period. Strong selection in the Communication Services, Financials, and Real Estate sectors was only partially offset by weak selection in the Consumer Discretionary, Industrials, and Materials sectors, which detracted from performance.

Top contributors to relative performance during the period included MediaTek (Information Technology), Cellnex Telecom (Communication Services), and Yandex (Communication Services). MediaTek is a Taiwan-based fabless semiconductor company. The share price rose higher during the period as the company’s most recent earnings report included beating consensus estimates with both gross and operating profit margin above expectations and management guidance for the coming quarter also above consensus. We believe the company is a direct beneficiary of the 5G handset replacement cycle in the region. We trimmed the Fund’s exposure based upon the company’s strength throughout the period. Cellnex is a Spanish wireless communications and broadcasting infrastructure company. Increased data usage as a result of the pandemic has led to increased tenant demand for the company’s infrastructure. Unlike many other companies, the company did not expect coronavirus to impact its earnings estimates or its ability to build or work on its towers. We reduced the Fund’s exposure modestly during the period. Yandex engages in the provision of search engines and online services. Shares of the company have rallied significantly during the period. Strong quarterly results helped boost the share price early in the period but the company was not immune to the global pandemic as global markets fell broadly. Shares rebounded, however, as strong second-quarter results, which were in line with expectations and revenue trends suggesting a return to pre-pandemic operating dynamics, helped push the share price higher. We trimmed the Fund’s position slightly during the period.

The largest detractors from the Fund’s relative performance were Shopify (Information Technology), East Japan Railway (Industrials), and Danone (Consumer Staples). Shopify is a Canadian cloud-based e-commerce platform for small- and medium-size businesses. Shares of the company have accelerated higher during the period as the company saw a significant increase in traffic levels resulting from businesses and customers that were forced to move towards e-commerce as a result of lock down orders at the height of the pandemic. We initiated a positon in the company during the period but the Fund’s underweight exposure over the duration of the year detracted from relative performance. East Japan Railway provides railway transportation services. The company was hit particularly hard during the global pandemic as demand for train travel dropped significantly, resulting in the company underperforming consensus expectations during the period. We reduced the Fund’s

 

 

 

  12  

 


Hartford International Equity Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

exposure to the company during the period. Danone is a France based food operator. Challenges related to the coronavirus pandemic adversely affected the stock’s price, particularly as management warned that the revenue of various distribution channels impacted by the pandemic could decrease by as much as 50%. Later in the period, it was also announced that the current Chief Financial Officer (CFO) would be leaving the company. We reduced the Fund’s exposure during the period.

The Fund’s investment process includes the use of factor-based strategies, which involve targeting certain company characteristics, or factors, that we believe impact returns across asset classes. Factor impact on the Fund was negative. The Fund’s smaller cap footprint and value factor exposures hindered performance. This was partially offset by positive contributions from the Fund’s exposure to higher-beta names.

From a top-down perspective, the Fund’s country and currency exposure contributed positively to results, particularly driven by exposure to Emerging Markets and Pacific Basin ex Japan (Australia and Singapore).

The Fund, at times during the period, used equity index futures to equitize cash or efficiently manage risks. During the period, the use of equity index futures detracted slightly from performance.

What is the outlook as of the end of the period?

Macroeconomic uncertainty remains at the forefront as international equity markets continue their rebound amid optimism at accommodative policy and strong earnings from index leaders, while a second wave of coronavirus infections unfolds in many regions. Persistent market uncertainties – such as the unknown efficacy and timeline for a coronavirus vaccine – cause us to believe that the range of potential economic outcomes is wide and that current investor exuberance may not be long-lasting. Against this backdrop, we remain vigilant in balancing factor exposures in the portfolio to seek to reduce the impact of factor volatility and help ensure that security selection drives results.

Looking across the factor landscape, we continue to monitor the risks facing equity factors amid ongoing market volatility. This year trend-following factors (e.g., growth and momentum) have extended their outperformance over most other areas of the market. However, in our view, valuations are stretched, and the primary risk we are monitoring for is a momentum reversal, which we believe would be damaging to equities that are levered to the ongoing market rebound. As of the end of the period, we maintained the Fund’s exposure to companies characterized by mean-reversion factors (e.g., value and contrarian) as we expect them to provide capital appreciation during economic recovery and in the event of a cyclical rally. That said, we are monitoring the risks to which these factors are exposed, in particular the risk of insolvency in the event of a drawn-out global slowdown. In our view, stocks that screen well for risk-aversion factors (e.g., low volatility and quality) tend to have protective characteristics such as stable profit margins and sustainable cash flows. Therefore, we see these exposures as a potential source of stability in the event of a move to traditional assets perceived as having less risk, but we are aware that they may lag the market during a strong rally. Finally, we believe that the market has not fully priced in the heightened risk that some companies become insolvent due to a prolonged economic slowdown while other companies that are able to pivot and adapt come out on top. We expect this to lead to a dispersion in equity results.

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. These risks may be greater for investments in emerging markets or if the Fund focuses in a particular geographic region or country. Small- and mid-cap securities can have greater risks and volatility than large-cap securities.The Fund’s strategy for allocating assets among portfolio management teams may not work as intended.

Composition by Sector(1)

as of 10/31/2020

 

Sector    Percentage of
Net Assets
 

Equity Securities

 

Communication Services

     9.7

Consumer Discretionary

     13.8  

Consumer Staples

     13.2  

Energy

     2.1  

Financials

     12.7  

Health Care

     9.5  

Industrials

     14.7  

Information Technology

     12.3  

Materials

     4.5  

Real Estate

     2.4  

Utilities

     2.7  
  

 

 

 

Total

     97.6
  

 

 

 

Short-Term Investments

     2.3  

Other Assets & Liabilities

     0.1  
  

 

 

 

Total

     100.0
  

 

 

 

 

(1)

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

 

 

 

  13  

 


The Hartford International Growth Fund

Fund Overview

October 31, 2020 (Unaudited)

 

 

 

Inception 04/30/2001

Sub-advised by Wellington Management Company LLP

  Investment Objective – The Fund seeks capital appreciation.

 

LOGO

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.

 

Average Annual Total Returns

for the Periods Ending 10/31/2020

 

      1 Year      5 Years      10 Years  

Class A1

     12.40%        7.81%        6.76%  

Class A2

     6.22%        6.59%        6.16%  

Class C1

     11.59%        7.00%        5.97%  

Class C3

     10.59%        7.00%        5.97%  

Class I1

     12.75%        8.13%        7.11%  

Class R31

     12.08%        7.48%        6.55%  

Class R41

     12.44%        7.81%        6.89%  

Class R51

     12.76%        8.15%        7.20%  

Class R61

     12.90%        8.25%        7.28%  

Class Y1

     12.74%        8.18%        7.24%  

Class F1

     12.88%        8.22%        7.16%  

MSCI ACWI ex USA Growth Index (Net)

     11.43%        8.18%        5.86%  

MSCI ACWI ex USA Index (Net)

     -2.61%        4.26%        3.43%  

 

1 

Without sales charge

2 

Reflects maximum sales charge of 5.50%

3 

Reflects a contingent deferred sales charge of 1.00%

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Class F shares commenced operations on 02/28/2017. Performance prior to that date is that of the Fund’s Class I shares. Class R6 shares commenced on 02/28/2018. Performance prior to that date is that of the Fund’s Class Y shares.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

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

 

Operating Expenses*    Gross      Net  

Class A

     1.39%        1.31%  

Class C

     2.16%        2.06%  

Class I

     1.01%        1.01%  

Class R3

     1.64%        1.58%  

Class R4

     1.34%        1.28%  

Class R5

     1.03%        1.01%  

Class R6

     0.92%        0.86%  

Class Y

     1.03%        0.96%  

Class F

     0.92%        0.86%  

 

*

Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual expense reimbursement arrangements. Net expenses reflect such arrangements in instances when they reduce gross expenses. These arrangements remain in effect until 02/28/2021 unless the Fund’s Board of Directors approves an earlier termination. Expenses shown include acquired fund fees and expenses. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020.

 

 

 

  14  

 


The Hartford International Growth Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

Portfolio Manager

Matthew D. Hudson, CFA

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

 

 

 

Manager Discussion

How did the Fund perform during the period?

The Class A shares of The Hartford International Growth Fund returned 12.40%, before sales charges, for the twelve-month period ended October 31, 2020, outperforming the Fund’s benchmarks, the MSCI ACWI ex USA Growth Index (Net), which returned 11.43% for the same period, and the MSCI ACWI ex USA Index (Net), which returned -2.61% for the same period. For the same period, the Class A shares of the Fund, before sales charges, also outperformed the 9.17% average return of the Lipper International Large-Cap Growth Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

For the twelve-month period ended October 31, 2020, international equities declined, as measured by the MSCI ACWI ex USA Index (Net). In the fourth quarter of 2019, waning recession fears and forecasts for improving global economic growth in 2020 helped bolster risk sentiment. The United States (U.S.) canceled tariffs that were scheduled to take effect on December 15, 2019 in an effort to secure a phase one trade deal with China. U.S. President Donald Trump subsequently announced that the first phase of a trade agreement would be signed on January 15, 2020. United Kingdom (U.K.) equities rose after the Conservative Party’s victory in the general election lifted the uncertainty about the country’s departure from the European Union (EU), also known as Brexit, and eliminated concerns about the Labor Party’s plans to nationalize certain parts of the nation’s economy.

International equities ended the first quarter of 2020 sharply lower. The coronavirus spread rapidly, causing unprecedented disruption to financial markets and economies. Most governments took extraordinary measures to limit financial market stress and mitigate the economic fallout. U.S. President Trump signed a $2 trillion coronavirus relief bill. The EU suspended budget and borrowing rules to give governments more fiscal flexibility to deal with the crisis. On the monetary front, most global central banks initiated aggressive stimulus measures with large-scale asset purchases and emergency rate cuts.

In the second quarter of 2020, international equity markets surged, as they were fueled by optimism about successful early-stage trials for a potential coronavirus vaccine, ongoing fiscal and monetary stimulus, and signs that global economic activity was improving. Tensions between the U.S. and China escalated after China’s decision to impose a controversial national security law on Hong Kong invoked a host of retaliatory responses from the U.S. and increased concerns about the city’s future as a global financial center. Oil rebounded in the second quarter of 2020 as demand picked up and the global economy began to recover.

In the third quarter of 2020, markets were bolstered by the impact of the massive fiscal and monetary stimulus, by further signs of a recovery in global economic growth, and by encouraging progress for coronavirus vaccines. However, the worldwide coronavirus death toll eclipsed

1 million, with infections escalating in Europe, the U.S. and emerging markets. Political uncertainty ahead of the upcoming U.S. presidential election, and the lack of additional fiscal stimulus caused further uncertainty for consumers. Brexit negotiations deteriorated after a controversial bill, which could override elements of the Brexit Withdrawal Agreement, passed its first parliamentary hurdle in the U.K.’s House of Commons.

International equities fell in the final month of the period as a resurgence of global coronavirus cases and the upcoming U.S. elections were foremost in investors’ minds. The Eurozone economy expanded 12.7% in the third quarter of 2020, which was well above forecasts, but growth in the coming months could be challenged by the pandemic. European governments imposed new social-distancing rules in a bid to avoid larger-scale lockdown measures that could hinder the region’s economic recovery. The U.S. dealt with a sharp rise in coronavirus cases, political uncertainty, and the lack of additional fiscal stimulus. China’s gross domestic product (GDP) grew 4.9% year over year in the third quarter of 2020, with a rebound in the services sector helping to broaden the country’s economic recovery.

Six out of the eleven sectors in the MSCI ACWI ex USA Growth Index (Net) rose during the period. Within the index, the Communication Services (+41%), Consumer Discretionary (+28%), and Information Technology (+26%) sectors performed best.

Sector allocation, a residual of bottom-up stock selection, and security selection drove the Fund’s outperformance relative to the MSCI ACWI ex USA Growth Index (Net). The Fund’s overweight to the Communication Services sector and underweight to the Consumer Staples sector were the largest contributors to relative performance over the period, while an underweight to the Materials sector and overweight to the Financials sector detracted from performance. Stock selection in the Financials, Information Technology, and Communication Services sectors contributed positively to the Fund’s relative performance. This was partially offset by weaker selection within the Healthcare, Consumer Discretionary, and Industrials sectors, which detracted from performance. On a regional basis, security selection in emerging markets and Japan contributed positively to relative performance, while security selection in North America and the U.K. detracted from performance.

MediaTek (Information Technology), Cellnex Telecom (Communication Services), and Zalando (Consumer Discretionary) were the top contributors to performance relative to the MSCI ACWI ex USA Growth Index (Net) during the period. MediaTek, a Taiwanese fabless chipmaker used for 5G infrastructure, outperformed during the period due to increased demand driven by the rollout of 5G, particularly as the current work from home environment underscored the importance of connectivity. Cellnex, a Spain-based wireless telecommunications and broadcasting infrastructure company, behaved defensively during the downturn in the first quarter of 2020, supported by its leading position in European cell tower infrastructure which facilitates work from home

 

 

 

  15  

 


The Hartford International Growth Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

capabilities. This has resulted in continued revenue growth and visible free cash flows for the company. Zalando, the largest online e-commerce player in Europe, outperformed during the period. The company has used the current environment to accelerate the shift to their online business. As stores have temporarily closed in the traditional retail channel, transaction volumes have moved online, providing a clear pathway for the company to sustain above average sales growth.

Among the top detractors from the Fund’s performance relative to the MSCI ACWI ex USA Growth Index (Net) during the period were Airbus (Industrials), Safran (Industrials), and lack of exposure to Meituan Dianping (Consumer Discretionary). Shares of Airbus, a France-based commercial aircraft maker, came under pressure as efforts to curb the spread of coronavirus dramatically curtailed airline traffic. Although we believe Airbus is well positioned as the dominant aircraft maker in a duopoly sector, we eliminated the position in the Fund given travel will likely be under pressure in the near term. Safran, a France-based jet engine maker, came under pressure as efforts to curb the spread of coronavirus dramatically curtailed airline traffic. We eliminated the Fund’s position in favor of companies with better fundamentals and balance sheet strength in our view. Not holding Meituan Dianping, a grocery delivery company in China and a constituent of the MSCI ACWI ex USA Growth Index (Net), detracted from relative performance.

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

What is the outlook as of the end of the period?

In terms of our outlook, there remain two looming issues on the horizon, both of which we continue to monitor closely: the evolution of the coronavirus pandemic and the upcoming U.S. elections. The outcomes of both remain highly uncertain, and thus we must prepare for a host of follow-on uncertainties. The possibility of a second wave of coronavirus and developments (positive or negative) in the race for a vaccine are top of mind as we think about the progression of the pandemic. The U.S. presidential election may result in further upheaval in U.S. relations with China, in addition to increased global market volatility. As a result, we think it is likely that we will see an uptick in volatility as we move through the fourth quarter of 2020.

We continue to follow our investment process and rotate capital from companies whose stock prices have performed well to companies where we do not yet see the fundamentals reflected in the share price.

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. These risks may be greater for investments in emerging markets. Small- and mid-cap securities can have greater risks and volatility than large-cap securities. The Fund may focus on investments in particular sectors, geographic regions or countries, so it may be more exposed to risks and volatility than a fund holding more geographically diverse investments. Different investment styles may go in and out favor, which may cause the Fund to underperform the broader stock market.

Composition by Sector(1)

as of 10/31/2020

 

Sector    Percentage of
Net Assets
 

Equity Securities

 

Communication Services

     16.9

Consumer Discretionary

     20.1  

Consumer Staples

     7.6  

Financials

     6.1  

Health Care

     10.5  

Industrials

     12.7  

Information Technology

     23.3  

Materials

     1.9  
  

 

 

 

Total

     99.1
  

 

 

 

Short-Term Investments

     2.1  

Other Assets & Liabilities

     (1.2
  

 

 

 

Total

     100.0
  

 

 

 

 

(1) 

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

 

 

 

  16  

 


The Hartford International Opportunities Fund

Fund Overview

October 31, 2020 (Unaudited)

 

 

 

Inception 07/22/1996

Sub-advised by Wellington Management Company LLP

  Investment objective – The Fund seeks long-term growth of capital.

 

LOGO

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.

 

Average Annual Total Returns

for the Periods Ending 10/31/2020

 

      1 Year      5 Years      10 Years  

Class A1

     7.48%        4.73%        4.70%  

Class A2

     1.57%        3.55%        4.11%  

Class C1

     6.67%        3.95%        3.92%  

Class C3

     5.67%        3.95%        3.92%  

Class I1

     7.81%        5.05%        5.04%  

Class R31

     7.10%        4.43%        4.43%  

Class R41

     7.45%        4.75%        4.75%  

Class R51

     7.77%        5.07%        5.07%  

Class R61

     7.88%        5.17%        5.17%  

Class Y1

     7.83%        5.15%        5.15%  

Class F1

     7.89%        5.14%        5.08%  

MSCI ACWI ex USA Index (Net)

     -2.61%        4.26%        3.43%  

 

1 

Without sales charge

2 

Reflects maximum sales charge of 5.50%

3 

Reflects a contingent deferred sales charge of 1.00%

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Class R6 shares commenced operations on 11/07/2014. Performance prior to that date is that of the Fund’s Class Y shares. Class F shares commenced operations on 02/28/2017. Performance for Class F shares prior to 02/28/2017 reflects the performance of Class I shares.

To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

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

 

Operating Expenses*    Gross      Net  

Class A

     1.13%        1.13%  

Class C

     1.89%        1.89%  

Class I

     0.80%        0.80%  

Class R3

     1.42%        1.42%  

Class R4

     1.12%        1.12%  

Class R5

     0.81%        0.81%  

Class R6

     0.71%        0.71%  

Class Y

     0.81%        0.77%  

Class F

     0.71%        0.71%  

 

*

Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual fee waivers or expense reimbursement arrangements. Net expenses reflect such arrangements only with respect to Class Y. These arrangements remain in effect until 02/28/2021 unless the Fund’s Board of Directors approves an earlier termination. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period 10/31/2020.

 

 

 

  17  

 


The Hartford International Opportunities Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

Portfolio Managers

Nicolas M. Choumenkovitch

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

Tara C. Stilwell, CFA

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

 

 

 

Manager Discussion

How did the Fund perform during the period?

The Class A shares of The Hartford International Opportunities Fund returned 7.48%, before sales charges, for the twelve-month period ended October 31, 2020, outperforming the Fund’s benchmark, the MSCI ACWI ex USA Index (Net), which returned -2.61% for the same period. For the same period, the Class A shares of the Fund, before sales charges, underperformed the 9.17% average return of the Lipper International Large-Cap Growth Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

For the twelve-month period ended October 31, 2020, international equities declined as measured by the MSCI ACWI ex USA Index (Net). In the fourth quarter of 2019, waning recession fears and forecasts for improving global economic growth in 2020 helped to bolster risk sentiment. International equities ended the first quarter of 2020 sharply lower. The coronavirus spread rapidly, causing unprecedented disruptions to financial markets and economies. Most governments took extraordinary measures to limit financial market stress and mitigate the economic fallout. United States (U.S.) President Trump signed a $2 trillion coronavirus relief bill. The European Union (EU) suspended budget and borrowing rules to give governments more fiscal flexibility to deal with the crisis. On the monetary front, most global central banks initiated aggressive stimulus measures with large-scale asset purchases and emergency rate cuts.

In the second quarter of 2020, international equity markets surged, as markets were fueled by optimism about successful early-stage trials for a potential coronavirus vaccine, ongoing fiscal and monetary stimulus, and signs that global economic activity was improving. Tensions between the U.S. and China escalated after China’s decision to impose a controversial national security law on Hong Kong invoked a host of retaliatory responses from the U.S. and increased concerns about the city’s future as a global financial center. Oil rebounded in the second quarter of 2020 as demand picked up and the global economy began to recover.

In the third quarter of 2020, markets were bolstered by the impact of the massive fiscal and monetary stimulus, further signs of a recovery in global economic growth, and encouraging progress for coronavirus vaccines. However, the pace of recovery remains threatened by the pandemic. The worldwide coronavirus death toll has eclipsed 1 million, with infections escalating in Europe, the U.S., India, and Latin America. The U.S. faced political uncertainty around its presidential election, and the lack of additional fiscal stimulus suggested further hardship for consumers. Negotiations surrounding the U.K.’s exit from the EU (also known as Brexit) deteriorated after a controversial bill, which could override elements of the Brexit Withdrawal Agreement, passed its first parliamentary hurdle.

At the end of the period, international equities fell for the second straight month as a resurgence of coronavirus cases in the U.S. and Europe and the upcoming U.S. elections were foremost in investors’ minds. The U.S. Food and Drug Administration approved the antiviral drug remdesivir for the treatment of coronavirus, while European countries battled a second wave of infections amid record-high numbers of new cases, most notably in France, Spain, Germany, and the U.K. The Eurozone economy expanded 12.7% in the third quarter, well above forecasts, but growth in the coming months could be challenged by the pandemic. European governments imposed new social-distancing rules in a bid to avoid larger-scale lockdown measures that could hinder the region’s economic recovery. The U.S. dealt with a sharp rise in coronavirus cases; political uncertainty around the upcoming Senate, House of Representatives, and presidential elections; and the lack of additional fiscal stimulus. China’s GDP grew 4.9% year over year in the third quarter of 2020, with a rebound in the services sector helping to broaden the country’s economic recovery.

Within the MSCI ACWI ex USA Index (Net), five of eleven sectors posted positive returns for the twelve months ending October 31, 2020. The Information Technology (+25%), Communication Services (+15%), and Consumer Discretionary (+14%) sectors posted the largest gains over the period, while the Energy (-38%), Real Estate (-20%), and Financials (-20%) sectors posted negative returns.

Security selection contributed positively to the Fund’s relative performance over the period, led by strong selection within the Communication Services, Consumer Discretionary, and Healthcare sectors. Conversely, weak selection within the Energy, Financials, and Materials sectors detracted, partially offsetting the positive results. Sector allocation, a result of the bottom-up stock selection process, also contributed positively to relative results. The Fund’s relative underweights to the Energy and Financials sectors proved beneficial while an overweight to the Healthcare sector and an underweight to the Materials sector detracted from performance, partially offsetting results.

Tencent (Communication Services), Alibaba Group (Consumer Discretionary), and Cellnex (Communication Services) were among the top contributors to the Fund’s relative performance during the period. Shares of Tencent, the multinational technology conglomerate, rose during the period as the company saw a surge in gaming activity, promoted by stay-at-home mandates. In addition, in the U.S., the Trump administration lost a bid to enforce its prohibitions against Tencent’s WeChat app in the U.S., after appealing a judge’s ruling that the ban most likely violates the free-speech rights of its users. Shares of Alibaba, a Chinese e-commerce, retail, and technology company, rose after the company reported fiscal first-quarter results that beat both revenue and earnings estimates. Some growth stemmed from record sales during a

 

 

 

  18  

 


The Hartford International Opportunities Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

June shopping event, as heavy discounting lured shoppers. Shares also benefited from news of the proposed initial public offering (IPO) of the company’s financial subsidiary, Ant Group. Shares of Cellnex, a Spanish telecommunications firm, rose over the period after the company reported first-half earnings results. Core earnings rose 64% and operating income rose 48%. Cellnex acquired Portugal-based NOS Towering and OMTEL, making it the largest mobile phone towers operator in Europe. Zalando (Consumer Discretionary) was a top absolute contributor to performance during the period.

Top detractors from the Fund’s performance relative to the MSCI ACWI ex USA Index (Net) during the period included Airbus (Industrials), Compass Group (Consumer Discretionary), and AerCap Holdings (Industrials). Shares of European aerospace corporation Airbus fell over the period as the company’s aircraft deliveries have continued to be impacted during the coronavirus pandemic. The company also announced plans for further furloughs and the possibility of shortening work time, among other possibilities to reduce layoffs. Shares of Compass Group, a British multinational contract foodservice company, declined as the company reported higher costs and withdrew guidance for the year due to the pandemic. In addition, Compass Group shuttered approximately 55% of its operations due to coronavirus lockdowns. We exited the position to redeploy capital to opportunities with more favorable risk/reward profiles in our view. Shares of the Irish aircraft leasing company AerCap fell over the period. The decline in the demand for air travel due to the coronavirus pandemic has put pressure on AerCap’s leasing operations. With this context in mind, we eliminated the position in favor of opportunities with more favorable risk/reward profiles in our view. Banco Santander (Financials) was a top absolute detractor from performance during the period. We exited the position as we found more compelling opportunities to deploy capital.

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

What is the outlook as of the end of the period?

Markets continued to recover over the third quarter of 2020 as the global economy emerged slowly from the pandemic lockdown. We added to cyclically exposed companies, such as those in the Financials and Commodities sectors, where we believe economic recovery is not fully appreciated by the market. Toward quarter end, volatility resurfaced and the market sold off as some countries foreshadowed a second wave of lockdowns amid the ongoing coronavirus pandemic and U.S. election uncertainty loomed.

We continue to track coronavirus infection trends and global economic recovery – especially shifts in consumption patterns, travel, stimulus, and consumer strength. This unique environment with heightened uncertainty has led us to look for companies with potential to gain market share. We are also monitoring deteriorating U.S.-China relations. We believe China remains an important part of the Fund’s positioning and opportunity set with many compelling bottom-up opportunities, particularly in inefficient markets like China A-shares. Given strong year-to-date outperformance and increasing geopolitical risk, we are focused on keeping aggregate China exposure reasonable and diversified across business models and sectors. To do so, we remain disciplined about right-sizing positions and trimming holdings as they approach our price targets.

We are also focusing attention on travel-related sectors, which we believe were oversold amid travel bans. We are mindful that price-to-earnings ratios for equity markets, particularly for high-growth business models, have continued to rise since the market volatility experienced in the first quarter of 2020 through the end of the period. As of the end of the period, we are finding what we believe to be valuation opportunities across high-quality, cash-generating companies with strong balance sheets. As we believe we have likely seen the top of this market cycle, we are favoring quality companies to promote balance in the Fund.

We expect volatility to persist in the coming months driven by the pandemic, vaccine trials, economic recovery, and geopolitical tensions with China. The range of potential outcomes is wide and predicting the impact on equity markets of any single variable is challenging. Despite near-term uncertainty, across all sectors and geographies we continue to seek to invest in companies with underappreciated assets, improving return on capital and/or stocks that we believe are mispriced by the market due to short-term issues.

At the end of the period, the Fund’s largest overweight positions were in the Information Technology, Industrials, and Healthcare sectors. The Fund had the largest underweights to the Financials and Consumer Staples sectors, and had no exposure to the Energy sector. From a regional perspective, the Fund had the largest overweights to Developed Europe and Middle East ex-UK and the largest underweight to emerging markets at the end of the period.

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. These risks may be greater for investments in emerging markets. Mid-cap securities can have greater risks and volatility than large-cap securities. The Fund’s focus on investments in particular sectors, geographic regions or countries may increase its volatility and risk of loss if adverse developments occur.

Composition by Sector(1)

as of 10/31/2020

 

Sector    Percentage of
Net Assets
 

Equity Securities

  

Communication Services

     9.6

Consumer Discretionary

     14.8  

Consumer Staples

     5.9  

Financials

     11.0  

Health Care

     14.0  

Industrials

     16.0  

Information Technology

     16.5  

Materials

     5.1  

Real Estate

     2.7  

Utilities

     3.4  
  

 

 

 

Total

     99.0

Short-Term Investments

     0.4  

Other Assets & Liabilities

     0.6  
  

 

 

 

Total

     100.0
  

 

 

 

 

(1) 

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

 

 

 

  19  

 


The Hartford International Value Fund

Fund Overview

October 31, 2020 (Unaudited)

 

 

 

Inception 05/28/2010

Sub-advised by Wellington Management Company LLP

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

 

LOGO

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.

 

Average Annual Total Returns

for the Periods Ending 10/31/2020

 

      1 Year      5 Years      10 Years  

Class A1

     -20.24%        0.24%        3.30%  

Class A2

     -24.63%        -0.89%        2.71%  

Class C1

     -20.83%        -0.44%        2.59%  

Class C3

     -21.61%        -0.44%        2.59%  

Class I1

     -19.98%        0.58%        3.65%  

Class R31

     -20.48%        -0.07%        3.01%  

Class R41

     -20.26%        0.25%        3.33%  

Class R51

     -19.94%        0.56%        3.64%  

Class R61

     -19.87%        0.66%        3.91%  

Class Y1

     -19.93%        0.62%        3.90%  

Class F1

     -19.91%        0.65%        3.69%  

MSCI EAFE Value Index (Net)

     -18.42%        -1.10%        1.29%  

MSCI EAFE Index (Net)

     -6.86%        2.85%        3.82%  

 

1 

Without sales charge

2 

Reflects maximum sales charge of 5.50%

3 

Reflects a contingent deferred sales charge of 1.00%

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Class F shares commenced operations on 02/28/2017. Performance prior to that date is that of the Fund’s Class I shares. Class R6 shares commenced operations on 02/28/2019. Performance prior to that date is that of the Fund’s Class Y shares.

To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

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

 

Operating Expenses*    Gross      Net  

Class A

     1.20%        1.20%  

Class C

     1.95%        1.95%  

Class I

     0.91%        0.91%  

Class R3

     1.55%        1.55%  

Class R4

     1.26%        1.26%  

Class R5

     0.96%        0.96%  

Class R6

     0.84%        0.84%  

Class Y

     0.92%        0.90%  

Class F

     0.84%        0.84%  

 

*

Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual fee waivers or expense reimbursement arrangements. Net expenses reflect such arrangements only with respect to Class Y. These arrangements remain in effect until 02/28/2021 unless the Fund’s Board of Directors approves an earlier termination. Expenses shown include acquired fund fees and expenses. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020.

 

 

 

  20  

 


The Hartford International Value Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

Portfolio Managers

James H. Shakin, CFA

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

Andrew M. Corry, CFA

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

 

 

 

Manager Discussion

How did the Fund perform during the period?

The Class A shares of The Hartford International Value Fund returned -20.24%, before sales charge, for the twelve-month period ended October 31, 2020, underperforming the Fund’s benchmarks, the MSCI EAFE Value Index (Net), which returned -18.42% for the same period, and the MSCI EAFE Index (Net), which returned -6.86% for the same period. For the same period, the Class A shares of the Fund, before sales charges, also underperformed the -13.17% average return of the Lipper International Multi-Cap Value Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

For the twelve-month period ended October 31, 2020, international equities declined, as measured by the MSCI ACWI ex USA Index. In the fourth quarter of 2019, waning recession fears and forecasts for improving global economic growth in 2020 helped to bolster risk sentiment. The U.S. canceled tariffs that were scheduled to take effect on December 15, 2019 in an effort to secure a phase one trade deal with China. United States (U.S.) President Donald Trump subsequently announced that the first phase of a trade agreement would be signed on January 15, 2020. United Kingdom (U.K.) equities rose after the Conservative Party’s victory in the general election lifted the uncertainty about the country’s departure from the European Union (EU), also known as Brexit, and eliminated concerns about the Labor Party’s plans to nationalize certain parts of the nation’s economy.

International equities ended the first quarter of 2020 sharply lower. The coronavirus spread rapidly, causing unprecedented disruption to financial markets and economies. Most governments took extraordinary measures to limit financial market stress and mitigate the economic fallout. U.S. President Trump signed a $2 trillion coronavirus relief bill. The EU suspended budget and borrowing rules to give governments more fiscal flexibility to deal with the crisis. On the monetary front, most global central banks initiated aggressive stimulus measures with large-scale asset purchases and emergency rate cuts.

In the second quarter of 2020, international equity markets surged, as markets were fueled by optimism about successful early-stage trials for a potential coronavirus vaccine, ongoing fiscal and monetary stimulus, and signs that global economic activity was improving. Tensions between the U.S. and China escalated after China’s decision to impose a controversial national security law on Hong Kong invoked a host of retaliatory responses from the U.S. and increased concerns about the city’s future as a global financial center. Oil rebounded in the second quarter of 2020 as demand picked up and the global economy began to recover.

In the third quarter of 2020, markets were bolstered by the impact of the massive fiscal and monetary stimulus, by further signs of a recovery in global economic growth, and by encouraging progress for coronavirus vaccines. However, the worldwide coronavirus death toll eclipsed 1 million, with infections escalating in Europe, the U.S. and emerging markets. Political uncertainty ahead of the upcoming U.S. presidential election, and the lack of additional fiscal stimulus caused further uncertainty for consumers. Brexit negotiations deteriorated after a controversial bill, which could override elements of the Brexit Withdrawal Agreement, passed its first parliamentary hurdle in the U.K.’s House of Commons.

International equities fell in the final month of the period as a resurgence of global coronavirus cases and the upcoming U.S. elections were foremost in investors’ minds. The Eurozone economy expanded 12.7% in the third quarter of 2020, which was well above forecasts, but growth in the coming months could be challenged by the pandemic. European governments imposed new social-distancing rules in a bid to avoid larger-scale lockdown measures that could hinder the region’s economic recovery. The U.S. dealt with a sharp rise in coronavirus cases, political uncertainty, and the lack of additional fiscal stimulus. China’s gross domestic product (GDP) grew 4.9% year-over-year in the third quarter of 2020, with a rebound in the services sector helping to broaden the country’s economic recovery.

All eleven sectors in the MSCI EAFE Value Index (Net) declined during the period. The Energy (-50%), Financials (-26%), and Real Estate (-24%) sectors fell the most during the period.

The primary driver of the Fund’s underperformance relative to the MSCI EAFE Value Index (Net) over the period was weak sector allocation, a result of bottom-up stock selection decisions, driven by the Fund’s overweight to the Energy sector, and an underweight to the Utilities and Healthcare sectors, relative to the benchmark. Security selection also detracted from relative performance, however, selection in the Consumer Discretionary, Industrials, and Communication Services sectors contributed positively. On a regional basis, security selection in Europe ex-UK and Japan detracted the most from relative returns. The Fund’s overweight to North America and underweight to the U.K., relative to the MSCI EAFE Value Index (Net), contributed positively to relative returns during the period.

The largest detractors from performance relative to the MSCI EAFE Value Index (Net) over the period were Softbank (Communication Services), Schneider Electric (Industrials), and Sanofi (Healthcare). The share price of Softbank, a Japanese holding company of internet, telecom, and mobile companies, rose after the company reported share repurchases. The Fund did not have a position in this stock, which detracted from relative returns. Schneider Electric, a France-based

 

 

 

  21  

 


The Hartford International Value Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

Energy management and industrial automation company, outperformed over the period and the Fund did not have a position in the stock, and this detracted from relative performance. Not holding Sanofi, a French pharmaceutical company, also detracted from the Fund’s relative performance.

Over the period, HSBC (Financials), Barrick Gold (Materials), and Z Holdings (Communication Services) were the top contributors to the Fund’s performance relative to the MSCI EAFE Value Index (Net). HSBC, a U.K.-based financial services provider, faced challenges in a lower interest rate environment. We eliminated the position in the Fund in the first quarter of 2020, as shares held up relatively well and reinvested the proceeds in equity securities of other banks that have fallen more and have stronger balance sheets in our view. HSBC has since underperformed and not owning the stock helped relative performance. Shares of Barrick Gold, a Canada-based gold miner, rose during the period benefiting from a steady rise of gold prices. Z holdings, a Japanese internet company, benefited from an increase in e-commerce and search.

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

What is the outlook as of the end of the period?

We continue to focus on opportunities which fit into our framework of looking for stocks with low relative price, low expectations, and low valuations that generally feature strong balance sheets and significant potential upside. At the end of the period, the Information Technology and Communication Services sectors were the Fund’s largest overweight exposures, while the Utilities and Healthcare sectors were the Fund’s largest underweight exposures relative to the MSCI EAFE Value Index (Net). On a regional basis, the Fund ended the period with the largest overweights to emerging markets and Japan and the largest underweights to Europe and Developed Asia ex Japan, relative to the MSCI EAFE Value Index (Net).

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. These risks may be greater for investments in emerging markets or if the Fund focuses in a particular geographic region or country. Different investment styles may go in and out favor, which may cause the Fund to underperform the broader stock market. Small- and mid-cap securities can have greater risks and volatility than large-cap securities. The Fund’s focus on investments in particular sectors may increase its volatility and risk of loss if adverse developments occur.

Composition by Sector(1)

as of 10/31/2020

 

Sector    Percentage of
Net Assets
 

Equity Securities

 

Communication Services

     11.1

Consumer Discretionary

     13.4  

Consumer Staples

     1.8  

Energy

     8.8  

Financials

     22.3  

Health Care

     2.3  

Industrials

     14.6  

Information Technology

     7.2  

Materials

     11.5  

Real Estate

     1.8  

Utilities

     1.4  
  

 

 

 

Total

     96.2
  

 

 

 

Short-Term Investments

     2.2  

Other Assets & Liabilities

     1.6  
  

 

 

 

Total

     100.0
  

 

 

 

 

(1) 

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

 

 

 

  22  

 


Hartford International/Global Equity Funds

Benchmark Glossary (Unaudited)

 

 

 

MSCI All Country World (ACWI) ex USA Growth Index (Net) (reflects reinvested dividends net of withholding taxes but reflects no deduction for fees, expenses or other taxes) is designed to capture large and mid cap securities exhibiting overall growth style characteristics across developed market countries (excluding the United States) and emerging market countries.

MSCI All Country World (ACWI) ex USA Index (Net) (reflects reinvested dividends net of withholding taxes but reflects no deduction for fees, expenses or other taxes) is designed to capture large and mid cap representation across developed markets (excluding the United States) and emerging market countries.

MSCI All Country World (ACWI) Index (Net) (reflects reinvested dividends net of withholding taxes but reflects no deduction for fees, expenses or other taxes) is designed to capture large and mid cap representation across developed markets and emerging markets countries.

MSCI EAFE Index (Net) (reflects reinvested dividends net of withholding taxes but reflects no deduction for fees, expenses or other taxes) is designed to capture large and mid cap representation across developed market countries, excluding the U.S. and Canada.

MSCI EAFE Value Index (Net) (reflects reinvested dividends net of withholding taxes but reflects no deduction for fees, expenses or other taxes) is designed to capture large and mid cap securities exhibiting overall value style characteristics across developed market countries, excluding the U.S. and Canada.

MSCI Emerging Markets Index (Net) (reflects reinvested dividends net of withholding taxes but reflects no deduction for fees, expenses or other taxes) is designed to capture large and mid cap representation across emerging market countries.

MSCI Global Environment Index (Net) (reflects reinvested dividends net of withholding taxes but reflects no deduction for fees, expenses or other taxes) is designed to maximize its exposure to Clean Technology environmental themes. The MSCI Global Environment Index is comprised of companies that focus on offering products or services that contribute to a more environmentally sustainable economy by making a more efficient use of limited global natural resources.

 

 

 

 

  23  

 


Hartford International/Global Equity Funds

Expense Examples (Unaudited)

 

 

 

Your Fund’s Expenses

As a shareholder of a Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, if any, and contingent deferred sales charges (CDSC), if any, and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in a Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of May 1, 2020 through October 31, 2020. To the extent a Fund was subject to acquired fund fees and expenses during the period, acquired fund fees and expenses are not included in the annualized expense ratios below.

Actual Expenses

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

Hypothetical Example for Comparison Purposes

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

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (front-end sales loads and CDSC). Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses for a class of a Fund are equal to the class’ annualized expense ratio multiplied by average account value over the period, multiplied by 184/366 (to reflect the one-half year period).

 

     Actual Return      Hypothetical (5% return before expenses)  
      Beginning
Account Value
May 1, 2020
     Ending
Account Value
October 31, 2020
     Expenses paid
during the period
May 1, 2020
through
October 31, 2020
     Beginning
Account Value
May 1, 2020
     Ending
Account Value
October 31, 2020
     Expenses paid
during the period
May 1, 2020
through
October 31, 2020
     Annualized
expense
ratio
 

Hartford Climate Opportunities Fund

 

Class A

   $     1,000.00      $ 1,327.60      $ 6.38      $     1,000.00      $ 1,019.66      $ 5.53        1.09

Class C

   $ 1,000.00      $ 1,323.50      $ 11.33      $ 1,000.00      $ 1,015.38      $ 9.83        1.94

Class I

   $ 1,000.00      $ 1,329.60      $ 4.80      $ 1,000.00      $ 1,021.01      $ 4.17        0.82

Class R3

   $ 1,000.00      $ 1,328.50      $ 5.97      $ 1,000.00      $ 1,020.01      $ 5.18        1.02

Class R4

   $ 1,000.00      $ 1,328.20      $ 5.74      $ 1,000.00      $ 1,020.21      $ 4.98        0.98

Class R5

   $ 1,000.00      $ 1,329.50      $ 4.98      $ 1,000.00      $ 1,020.86      $ 4.32        0.85

Class R6

   $ 1,000.00      $ 1,330.90      $ 4.04      $ 1,000.00      $ 1,021.67      $ 3.51        0.69

Class Y

   $ 1,000.00      $ 1,331.00      $ 4.69      $ 1,000.00      $ 1,021.12      $ 4.06        0.80

Class F

   $ 1,000.00      $ 1,330.30      $ 4.04      $ 1,000.00      $ 1,021.67      $ 3.51        0.69

Hartford Emerging Markets Equity Fund

 

Class A

   $ 1,000.00      $ 1,190.50      $ 7.71      $ 1,000.00      $ 1,018.10      $ 7.10        1.40

Class C

   $ 1,000.00      $ 1,185.60      $ 12.09      $ 1,000.00      $ 1,014.08      $ 11.14        2.20

Class I

   $ 1,000.00      $ 1,192.60      $ 5.90      $ 1,000.00      $ 1,019.76      $ 5.43        1.07

Class R3

   $ 1,000.00      $ 1,188.70      $ 9.57      $ 1,000.00      $ 1,016.39      $ 8.82        1.74

Class R4

   $ 1,000.00      $ 1,191.00      $ 7.66      $ 1,000.00      $ 1,018.15      $ 7.05        1.39

Class R5

   $ 1,000.00      $ 1,192.10      $ 6.01      $ 1,000.00      $ 1,019.66      $ 5.53        1.09

Class R6

   $ 1,000.00      $ 1,193.70      $ 5.40      $ 1,000.00      $ 1,020.21      $ 4.98        0.98

Class Y

   $ 1,000.00      $ 1,192.90      $ 5.95      $ 1,000.00      $ 1,019.71      $ 5.48        1.08

Class F

   $ 1,000.00      $ 1,192.10      $ 5.40      $ 1,000.00      $ 1,020.21      $ 4.98        0.98

 

 

  24  

 


Hartford International/Global Equity Funds

Expense Examples (Unaudited) – (continued)

 

 

 

     Actual Return      Hypothetical (5% return before expenses)  
      Beginning
Account Value
May 1, 2020
     Ending
Account Value
October 31, 2020
     Expenses paid
during the period
May 1, 2020
through
October 31, 2020
     Beginning
Account Value
May 1, 2020
     Ending
Account Value
October 31, 2020
     Expenses paid
during the period
May 1, 2020
through
October 31, 2020
     Annualized
expense
ratio
 

Hartford Global Impact Fund

 

Class A

   $     1,000.00      $ 1,291.30      $ 6.85      $     1,000.00      $ 1,019.15      $ 6.04        1.19

Class C

   $ 1,000.00      $ 1,287.00      $ 11.10      $ 1,000.00      $ 1,015.43      $ 9.78        1.93

Class I

   $ 1,000.00      $ 1,293.20      $ 4.55      $ 1,000.00      $ 1,021.17      $ 4.01        0.79

Class R3

   $ 1,000.00      $ 1,289.90      $ 8.12      $ 1,000.00      $ 1,018.05      $ 7.15        1.41

Class R4

   $ 1,000.00      $ 1,291.90      $ 6.39      $ 1,000.00      $ 1,019.56      $ 5.63        1.11

Class R5

   $ 1,000.00      $ 1,293.50      $ 4.67      $ 1,000.00      $ 1,021.06      $ 4.12        0.81

Class R6

   $ 1,000.00      $ 1,294.50      $ 3.98      $ 1,000.00      $ 1,021.67      $ 3.51        0.69

Class Y

   $ 1,000.00      $ 1,296.60      $ 2.54      $ 1,000.00      $ 1,022.93      $ 2.24        0.44

Class F

   $ 1,000.00      $ 1,294.50      $ 3.98      $ 1,000.00      $ 1,021.67      $ 3.51        0.69

Hartford International Equity Fund

 

                 

Class A

   $ 1,000.00      $ 1,137.80      $ 5.32      $ 1,000.00      $ 1,020.16      $ 5.03        0.99

Class C

   $ 1,000.00      $ 1,133.00      $ 9.38      $ 1,000.00      $ 1,016.34      $ 8.87        1.75

Class I

   $ 1,000.00      $ 1,139.40      $ 3.39      $ 1,000.00      $ 1,021.97      $ 3.20        0.63

Class R3

   $ 1,000.00      $ 1,136.50      $ 6.55      $ 1,000.00      $ 1,019.00      $ 6.19        1.22

Class R4

   $ 1,000.00      $ 1,137.50      $ 5.27      $ 1,000.00      $ 1,020.21      $ 4.98        0.98

Class R5

   $ 1,000.00      $ 1,140.20      $ 3.71      $ 1,000.00      $ 1,021.67      $ 3.51        0.69

Class R6

   $ 1,000.00      $ 1,139.90      $ 3.01      $ 1,000.00      $ 1,022.32      $ 2.85        0.56

Class Y

   $ 1,000.00      $ 1,140.70      $ 3.61      $ 1,000.00      $ 1,021.77      $ 3.40        0.67

Class F

   $ 1,000.00      $ 1,141.00      $ 2.96      $ 1,000.00      $ 1,022.37      $ 2.80        0.55

The Hartford International Growth Fund

 

                 

Class A

   $ 1,000.00      $ 1,208.70      $ 7.22      $ 1,000.00      $ 1,018.60      $ 6.60        1.30

Class C

   $ 1,000.00      $ 1,204.10      $ 11.36      $ 1,000.00      $ 1,014.83      $ 10.38        2.05

Class I

   $ 1,000.00      $ 1,210.80      $ 5.17      $ 1,000.00      $ 1,020.46      $ 4.72        0.93

Class R3

   $ 1,000.00      $ 1,206.40      $ 8.71      $ 1,000.00      $ 1,017.24      $ 7.96        1.57

Class R4

   $ 1,000.00      $ 1,208.90      $ 7.00      $ 1,000.00      $ 1,018.80      $ 6.39        1.26

Class R5

   $ 1,000.00      $ 1,210.60      $ 5.33      $ 1,000.00      $ 1,020.31      $ 4.88        0.96

Class R6

   $ 1,000.00      $ 1,210.80      $ 4.72      $ 1,000.00      $ 1,020.86      $ 4.32        0.85

Class Y

   $ 1,000.00      $ 1,210.70      $ 5.28      $ 1,000.00      $ 1,020.36      $ 4.82        0.95

Class F

   $ 1,000.00      $ 1,211.20      $ 4.72      $ 1,000.00      $ 1,020.86      $ 4.32        0.85

The Hartford International Opportunities Fund

 

                 

Class A

   $ 1,000.00      $ 1,219.60      $ 6.25      $ 1,000.00      $ 1,019.51      $ 5.69        1.12

Class C

   $ 1,000.00      $ 1,214.50      $ 10.47      $ 1,000.00      $ 1,015.69      $ 9.53        1.88

Class I

   $ 1,000.00      $ 1,221.10      $ 4.35      $ 1,000.00      $ 1,021.22      $ 3.96        0.78

Class R3

   $ 1,000.00      $ 1,217.10      $ 8.03      $ 1,000.00      $ 1,017.90      $ 7.30        1.44

Class R4

   $ 1,000.00      $ 1,219.60      $ 6.08      $ 1,000.00      $ 1,019.66      $ 5.53        1.09

Class R5

   $ 1,000.00      $ 1,221.30      $ 4.52      $ 1,000.00      $ 1,021.06      $ 4.12        0.81

Class R6

   $ 1,000.00      $ 1,222.10      $ 3.97      $ 1,000.00      $ 1,021.57      $ 3.61        0.71

Class Y

   $ 1,000.00      $ 1,221.30      $ 4.30      $ 1,000.00      $ 1,021.27      $ 3.91        0.77

Class F

   $ 1,000.00      $ 1,221.80      $ 3.91      $ 1,000.00      $ 1,021.62      $ 3.56        0.70

The Hartford International Value Fund

 

                 

Class A

   $ 1,000.00      $ 1,068.20      $ 6.50      $ 1,000.00      $ 1,018.85      $ 6.34        1.25

Class C

   $ 1,000.00      $ 1,064.10      $ 10.33      $ 1,000.00      $ 1,015.13      $ 10.08        1.99

Class I

   $ 1,000.00      $ 1,069.40      $ 4.84      $ 1,000.00      $ 1,020.46      $ 4.72        0.93

Class R3

   $ 1,000.00      $ 1,066.70      $ 8.31      $ 1,000.00      $ 1,017.09      $ 8.11        1.60

Class R4

   $ 1,000.00      $ 1,067.90      $ 6.91      $ 1,000.00      $ 1,018.45      $ 6.75        1.33

Class R5

   $ 1,000.00      $ 1,070.20      $ 5.05      $ 1,000.00      $ 1,020.26      $ 4.93        0.97

Class R6

   $ 1,000.00      $ 1,070.60      $ 4.58      $ 1,000.00      $ 1,020.71      $ 4.47        0.88

Class Y

   $ 1,000.00      $ 1,069.70      $ 4.94      $ 1,000.00      $ 1,020.36      $ 4.82        0.95

Class F

   $ 1,000.00      $ 1,070.40      $ 4.58      $ 1,000.00      $ 1,020.71      $ 4.47        0.88

 

 

  25  

 


Hartford Climate Opportunities Fund

Schedule of Investments

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
COMMON STOCKS - 94.6%  
      Austria - 0.4%  
  2,883    

Lenzing AG*

  $ 201,810  
   

 

 

 
      Belgium - 0.6%  
  8,315    

Umicore S.A.

    320,554  
   

 

 

 
      Brazil - 0.9%  
  124,340    

Cia de Saneamento do Parana

    513,357  
   

 

 

 
      Chile - 0.6%  
  23,942    

Antofagasta plc

    319,247  
   

 

 

 
      China - 4.0%  
  2,998,000    

China Datang Corp. Renewable Power Co., Ltd. Class H

    438,139  
  1,083,500    

China Everbright Environment Group Ltd.

    546,642  
  1,568,229    

China Longyuan Power Group Corp. Ltd. Class H

    1,074,880  
  2,106    

JinkoSolar Holding Co., Ltd. ADR*(1)

    122,780  
  4,700    

XPeng, Inc. ADR*

    91,086  
   

 

 

 
      2,273,527  
   

 

 

 
      Denmark - 5.5%  
  2,282    

Orsted A/S(2)

    362,186  
  1,729    

Rockwool International A/S Class B

    676,761  
  11,959    

Vestas Wind Systems A/S

    2,051,734  
   

 

 

 
      3,090,681  
   

 

 

 
      France - 3.6%  
  6,641    

Alstom S.A.*

    296,716  
  19,666    

Cie de Saint-Gobain*

    766,060  
  4,798    

Legrand S.A.

    355,144  
  4,879    

Schneider Electric SE

    592,830  
   

 

 

 
      2,010,750  
   

 

 

 
      Germany - 4.8%  
  6,168    

Bayerische Motoren Werke AG

    421,513  
  17,878    

Infineon Technologies AG

    497,745  
  3,067    

Knorr-Bremse AG

    355,162  
  2,537    

Muenchener Rueckversicherungs-Gesellschaft AG
in Muenchen

    594,615  
  7,145    

Siemens AG

    838,223  
   

 

 

 
      2,707,258  
   

 

 

 
      Ireland - 1.8%  
  4,270    

Kingspan Group plc*

    372,233  
  4,683    

Trane Technologies plc

    621,668  
   

 

 

 
      993,901  
   

 

 

 
      Israel - 0.3%  
  771    

SolarEdge Technologies, Inc.*

    198,679  
   

 

 

 
      Italy - 1.6%  
  58,252    

Enel S.p.A.

    463,132  
  15,437    

Prysmian S.p.A.

    420,078  
   

 

 

 
      883,210  
   

 

 

 
      Japan - 8.9%  
  2,600    

Daifuku Co., Ltd.

    268,106  
  5,760    

Daikin Industries Ltd.

    1,077,887  
  23,165    

Fujitsu General Ltd.

    642,972  
  600    

Keyence Corp.

    272,294  
  15,100    

Kubota Corp.

    262,409  
  22,935    

Kyudenko Corp.

    625,925  
  13,900    

Nabtesco Corp.

    519,279  
  1,500    

Nidec Corp.

    151,503  
  28,645    

Sekisui Chemical Co., Ltd.

    446,527  
  2,000    

Shimano, Inc.

    457,431  
  17,800    

Sumitomo Forestry Co., Ltd.

    280,396  
   

 

 

 
      5,004,729  
   

 

 

 
      Netherlands - 2.1%  
  9,567    

Aalberts N.V.

    320,964  
Shares or Principal Amount   Market Value  
COMMON STOCKS - 94.6% - (continued)  
      Netherlands - 2.1% - (continued)  
  4,492    

Alfen Beheer B.V.*(2)

  $ 287,066  
  25,131    

Arcadis N.V.*

    583,969  
   

 

 

 
      1,191,999  
   

 

 

 
      Norway - 0.9%  
  74,593    

NEL ASA*

    142,769  
  47,036    

Norsk Hydro ASA*

    132,188  
  6,084    

Tomra Systems ASA

    245,713  
   

 

 

 
      520,670  
   

 

 

 
      South Korea - 1.9%  
  8,354    

Samsung Electronics Co., Ltd.

    419,919  
  1,603    

Samsung SDI Co., Ltd.

    631,480  
   

 

 

 
      1,051,399  
   

 

 

 
      Spain - 4.5%  
  28,294    

Atlantica Sustainable Infrastructure plc

    834,390  
  58,711    

Iberdrola S.A.

    693,235  
  30,155    

Siemens Gamesa Renewable Energy S.A.

    855,777  
  23,596    

Soltec Power Holdings S.A.*

    147,848  
   

 

 

 
      2,531,250  
   

 

 

 
      Sweden - 1.9%  
  12,249    

Hexagon AB Class B*

    897,817  
  6,937    

Nibe Industrier AB Class B*

    167,035  
   

 

 

 
      1,064,852  
   

 

 

 
      Switzerland - 1.2%  
  13,840    

ABB Ltd.

    335,828  
  5,124    

Swiss Re AG

    367,701  
   

 

 

 
      703,529  
   

 

 

 
      Taiwan - 1.0%  
  85,000    

Chroma ATE, Inc.

    404,985  
  17,000    

Giant Manufacturing Co., Ltd.

    167,941  
   

 

 

 
      572,926  
   

 

 

 
      United Kingdom - 5.1%  
  3,898    

Croda International plc

    304,664  
  41,830    

ITM Power plc*

    125,237  
  222    

ITM Power plc

     
  80,491    

National Grid plc

    957,479  
  134,890    

Smart Metering Systems plc

    1,015,297  
  10,188    

Spectris plc

    326,987  
  41,026    

Trainline plc*(2)

    146,266  
   

 

 

 
      2,875,930  
   

 

 

 
      United States - 43.0%  
  544    

Alphabet, Inc. Class A*

    879,164  
  327    

Amazon.com, Inc.*

    992,821  
  6,200    

Aptiv plc

    598,238  
  2,918    

Array Technologies, Inc.*

    107,528  
  6,607    

Aspen Technology, Inc.*

    725,515  
  17,219    

Avangrid, Inc.

    849,585  
  4,346    

Ball Corp.

    386,794  
  1,916    

Beyond Meat, Inc.*

    272,896  
  6,870    

Cognex Corp.

    452,733  
  4,708    

Cree, Inc.*

    299,429  
  4,110    

Danaher Corp.

    943,409  
  5,009    

Deere & Co.

    1,131,583  
  4,201    

Eaton Corp. plc

    436,022  
  1,333    

Ecolab, Inc.

    244,725  
  9,288    

Eversource Energy

    810,564  
  16,158    

First Solar, Inc.*

    1,406,473  
  7,305    

FMC Corp.

    750,516  
  33,799    

Hannon Armstrong Sustainable Infrastructure Capital, Inc. REIT

    1,414,488  
  3,445    

Hubbell, Inc.

    501,282  
 

 

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

 

 

  26  

 


Hartford Climate Opportunities Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
COMMON STOCKS - 94.6% - (continued)  
      United States - 43.0% - (continued)  
  2,083    

IPG Photonics Corp.*

  $ 387,355  
  7,847    

Itron, Inc.*

    533,204  
  1,961    

Kansas City Southern

    345,411  
  11,415    

Kroger Co.

    367,677  
  2,784    

Lindsay Corp.

    293,155  
  3,467    

Lowe’s Cos., Inc.

    548,133  
  1,676    

Microsoft Corp.

    339,340  
  2,385    

Moody’s Corp.

    627,016  
  7,776    

NextEra Energy, Inc.

    569,281  
  6,636    

Owens Corning

    434,459  
  1,215    

S&P Global, Inc.

    392,117  
  18,236    

Skyline Champion Corp.*

    467,753  
  28,372    

Sunnova Energy International, Inc.*

    682,630  
  937    

Tesla, Inc.*

    363,593  
  4,525    

Texas Instruments, Inc.

    654,270  
  15,911    

TPI Composites, Inc.*

    526,972  
  11,919    

Trimble, Inc.*

    573,661  
  2,566    

Union Pacific Corp.

    454,670  
  3,470    

Verisk Analytics, Inc.

    617,556  
  4,583    

Waste Management, Inc.

    494,552  
  28,340    

Weyerhaeuser Co., REIT

    773,399  
  5,857    

Xylem, Inc.

    510,379  
   

 

 

 
      24,160,348  
   

 

 

 
 

Total Common Stocks
(cost $43,641,065)

  $ 53,190,606  
   

 

 

 
SHORT-TERM INVESTMENTS - 4.4%  
      Other Investment Pools & Funds - 2.3%      
  1,288,002    

Morgan Stanley Institutional Liquidity Funds, Treasury Portfolio, Institutional Class, 0.01%(3)

  $ 1,288,002  
   

 

 

 
      Repurchase Agreements - 1.9%      
  1,038,726    

Fixed Income Clearing Corp. Repurchase Agreement dated 10/30/2020 at 0.060%, due on 11/02/2020 with a maturity value of $1,038,731; collateralized by U.S. Treasury Note at 0.125%, maturing 01/15/2030, with a market value of $1,059,527

    1,038,726  
   

 

 

 
      Securities Lending Collateral - 0.2%      
  123,217    

Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 0.02%(3)

    123,217  
  124    

Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 0.03%(3)

    124  
   

 

 

 
      123,341  
   

 

 

 
 

Total Short-Term Investments
(cost $2,450,069)

  $ 2,450,069  
   

 

 

 
 

Total Investments
(cost $46,091,134)

    99.0    $ 55,640,675  
 

Other Assets and Liabilities

    1.0      584,988  
   

 

 

    

 

 

 
 

Total Net Assets

    100.0    $ 56,225,663  
   

 

 

    

 

 

 
Note:

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

 

    

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

 

    

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

 

    

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

    

See “Glossary” for abbreviation descriptions.

 

*

Non-income producing.

 

(1) 

Represents entire or partial securities on loan. See Note 9 in the accompanying Notes to Financial Statements for securities lending information.

 

(2)

Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions that are exempt from registration (typically only to qualified institutional buyers) or in a public offering registered under the Securities Act of 1933. At October 31, 2020, the aggregate value of these securities was $795,518, representing 1.4% of net assets.

 

(3)

Current yield as of period end.

 

 

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

 

Fair Value Summary

The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.

 

Description

   Total      Level 1      Level 2      Level 3(1)  

Assets

 

Common Stocks

 

Austria

   $ 201,810      $      $ 201,810      $  

Belgium

     320,554               320,554         

Brazil

     513,357        513,357                

Chile

     319,247               319,247         

 

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

 

 

  27  

 


Hartford Climate Opportunities Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Description

   Total      Level 1      Level 2      Level 3(1)  

China

   $ 2,273,527      $ 213,866      $ 2,059,661      $  

Denmark

     3,090,681        362,186        2,728,495         

France

     2,010,750               2,010,750         

Germany

     2,707,258        355,162        2,352,096         

Ireland

     993,901        993,901                

Israel

     198,679        198,679                

Italy

     883,210               883,210         

Japan

     5,004,729               5,004,729         

Netherlands

     1,191,999               1,191,999         

Norway

     520,670               520,670         

South Korea

     1,051,399               1,051,399         

Spain

     2,531,250        982,238        1,549,012         

Sweden

     1,064,852               1,064,852         

Switzerland

     703,529               703,529         

Taiwan

     572,926               572,926         

United Kingdom

     2,875,930        1,015,297        1,860,633         

United States

     24,160,348        24,160,348                

Short-Term Investments

     2,450,069        1,411,343        1,038,726         
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $     55,640,675      $     30,206,377      $     25,434,298      $     —  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(1)

For the year ended October 31, 2020, there were no transfers in and out of Level 3.

 

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

 

 

  28  

 


Hartford Emerging Markets Equity Fund

Schedule of Investments

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
COMMON STOCKS - 97.3%  
      Brazil - 3.1%  
  71,900    

Centrais Eletricas Brasileiras S.A.

  $ 389,201  
  17,000    

Cia de Saneamento de Minas Gerais-COPASA

    126,805  
  134,600    

Cia Energetica de Sao Paulo Class B,

    625,856  
  101,300    

Cia Siderurgica Nacional S.A.

    362,621  
  164,400    

Even Construtora e Incorporadora S.A.

    295,395  
  288,324    

JBS S.A.

    977,335  
  206,100    

Marfrig Global Foods S.A.*

    494,601  
  109,400    

Minerva S.A.*

    190,088  
  121,000    

Sao Martinho S.A.

    443,896  
  95,300    

SLC Agricola S.A.

    424,685  
  373,100    

Vale S.A.

    3,937,156  
  248,300    

WEG S.A.

    3,281,414  
   

 

 

 
      11,549,053  
   

 

 

 
      China - 39.3%  
  6,013,131    

Agricultural Bank of China Ltd. Class H

    2,045,765  
  89,347    

Alibaba Group Holding Ltd. ADR*

    27,223,137  
  440,821    

Anhui Conch Cement Co., Ltd. Class H

    2,757,551  
  345,000    

BAIC Motor Corp. Ltd. Class H(1)

    127,592  
  34,209    

Baidu, Inc. ADR*

    4,551,507  
  17,425,205    

Bank of China Ltd. Class H

    5,503,944  
  2,672,224    

Bank of Communications Co., Ltd. Class H

    1,314,688  
  35,250    

Beijing Chunlizhengda Medical Instruments Co., Ltd. Class H

    146,385  
  16,500    

BGI Genomics Co., Ltd. Class A

    368,369  
  38,000    

BYD Co., Ltd. Class H

    768,162  
  2,066,345    

China Cinda Asset Management Co., Ltd. Class H

    387,638  
  3,735,137    

China CITIC Bank Corp. Ltd. Class H

    1,520,227  
  2,521,102    

China Construction Bank Corp. Class H

    1,737,324  
  325,000    

China Everbright Bank Co., Ltd. Class H

    112,629  
  435,000    

China Feihe Ltd.(1)

    989,727  
  502,800    

China International Capital Corp. Ltd. Class H*(1)

    1,174,836  
  320,000    

China Lesso Group Holdings Ltd. Class L

    518,792  
  194,000    

China Life Insurance Co., Ltd. Class H

    423,293  
  918,000    

China Medical System Holdings Ltd.

    965,349  
  196,000    

China Meidong Auto Holdings Ltd.

    802,614  
  2,670,000    

China Minsheng Banking Corp. Ltd. Class H

    1,461,259  
  2,087,112    

China National Building Material Co., Ltd. Class H

    2,402,394  
  2,119,500    

China Railway Group Ltd. Class A

    1,702,083  
  1,161,000    

China Shenhua Energy Co., Ltd. Class H

    2,011,595  
  3,796,000    

China Telecom Corp. Ltd. Class H

    1,191,600  
  83,734    

China Tourism Group Duty Free Corp. Ltd. Class A

    2,496,188  
  415,500    

CITIC Securities Co., Ltd. Class H

    900,887  
  2,551,000    

CNOOC Ltd.

    2,334,052  
  775,500    

COSCO Holdings Co., Ltd. Class H*

    496,231  
  484,000    

COSCO SHIPPING Energy Transportation Co Ltd., Ltd. Class H

    190,921  
  777,000    

Country Garden Services Holdings Co., Ltd.

    4,893,311  
  412,500    

CSC Financial Co., Ltd. Class H(1)(2)

    500,207  
  769,677    

Daqin Railway Co., Ltd. Class A

    737,196  
  160,600    

Focus Media Information Technology Co., Ltd. Class A

    224,606  
  16,702    

Futu Holdings Ltd. ADR*(2)

    496,550  
  17,798    

G-bits Network Technology Xiamen Co., Ltd. Class A

    1,255,795  
  328,200    

GF Securities Co., Ltd.

    424,392  
  730,000    

Great Wall Motor Co., Ltd. Class H

    1,181,921  
  8,935    

GSX Techedu, Inc. ADR*(2)

    593,463  
  28,200    

Guangzhou Wondfo Biotech Co., Ltd. Class A

    320,990  
  1,282,016    

Haitong Securities Co., Ltd. Class H*

    1,086,057  
  142,400    

Heilongjiang Agriculture Co., Ltd. Class A

    370,752  
  399,730    

Henan Shuanghui Investment & Development Co., Ltd. Class A

    2,988,101  
  258,800    

Huatai Securities Co., Ltd. Class H(1)

    419,155  
  99,171    

Huaxin Cement Co., Ltd. Class A

    359,447  
  2,220,500    

Hunan Valin Steel Co., Ltd. Class A

    1,686,068  
  885,446    

Industrial & Commercial Bank of China Ltd. Class H

    502,813  
Shares or Principal Amount   Market Value  
COMMON STOCKS - 97.3% - (continued)  
      China - 39.3% - (continued)  
  9,370    

JD.com, Inc. ADR*

  $ 763,842  
  50,900    

Jiangsu Hengli Hydraulic Co., Ltd. Class A

    576,210  
  103,800    

Jiangsu Yuyue Medical Equipment & Supply Co., Ltd. Class A

    479,224  
  796,100    

Jinke Properties Group Co., Ltd. Class A

    923,793  
  5,070    

JOYY, Inc.

    463,297  
  441,000    

Kaisa Group Holdings Ltd.

    205,683  
  676,000    

KWG Group Holdings Ltd.

    896,437  
  100,250    

KWG Living Group Holdings Ltd.*

    78,622  
  2,496,000    

Lenovo Group Ltd.

    1,567,172  
  90,802    

LONGi Green Energy Technology Co., Ltd. Class A

    1,032,413  
  31,500    

Mango Excellent Media Co., Ltd. Class A

    349,608  
  227,000    

Meituan Dianping Class B*

    8,462,369  
  21,090    

Muyuan Foodstuff Co., Ltd. Class A

    223,662  
  325,829    

New China Life Insurance Co., Ltd. Class H

    1,302,291  
  34,822    

NIO, Inc. ADR*

    1,064,857  
  6,721,098    

People’s Insurance Co., Group of China Ltd. Class H

    1,999,915  
  19,068    

Pinduoduo, Inc. ADR*

    1,715,739  
  48,000    

Q Technology Group Co., Ltd.

    53,048  
  529,441    

Sany Heavy Industry Co., Ltd. Class A

    2,057,498  
  285,250    

Shandong Gold Mining Co., Ltd. Class H(1)

    675,670  
  14,700    

Shanxi Xinghuacun Fen Wine Factory Co., Ltd. Class A

    494,651  
  587,249    

Sinotruk Hong Kong Ltd.

    1,502,096  
  59,883    

Suofeiya Home Collection Co., Ltd. Class A

    252,800  
  31,993    

TAL Education Group ADR*

    2,126,255  
  261,780    

Tencent Holdings Ltd.

    20,001,460  
  346,758    

Tianneng Power International Ltd.(2)

    564,926  
  146,000    

Tsingtao Brewery Co., Ltd. Class H

    1,209,780  
  85,814    

Vipshop Holdings Ltd. ADR*

    1,836,420  
  300,666    

Weichai Power Co., Ltd. Class H

    570,148  
  65,500    

Wuhu Sanqi Interactive Entertainment Network Technology Group Co., Ltd. Class A

    290,361  
  272,000    

Yadea Group Holdings Ltd.(1)

    389,459  
  128,000    

Yihai International Holding Ltd.

    1,700,361  
  316,500    

Zhongsheng Group Holdings Ltd.

    2,256,722  
  192,400    

Zoomlion Heavy Industry Science and Technology Co., Ltd. Class H

    169,873  
   

 

 

 
      144,924,225  
   

 

 

 
      Greece - 0.1%  
  30,205    

Hellenic Telecommunications Organization S.A.

    400,570  
   

 

 

 
      Hong Kong - 4.9%  
  156,000    

China Everbright Ltd.

    206,402  
  1,117,000    

China Mobile Ltd.

    6,832,175  
  1,075,499    

China Resources Cement Holdings Ltd.

    1,408,290  
  6,117,769    

China Unicom Hong Kong Ltd.

    3,770,928  
  3,178,471    

CITIC Ltd.

    2,272,410  
  298,000    

Ever Sunshine Lifestyle Services Group Ltd.

    515,289  
  524,500    

Shimao Group Holdings Ltd.

    1,857,943  
  514,000    

TCL Electronics Holdings Ltd.

    349,144  
  203,000    

Vinda International Holdings Ltd.

    538,711  
  1,168,302    

Yuexiu Property Co., Ltd.

    226,827  
   

 

 

 
      17,978,119  
   

 

 

 
      India - 7.3%  
  48,856    

Aurobindo Pharma Ltd.

    509,147  
  81,930    

Balkrishna Industries Ltd.

    1,486,817  
  6,149    

Britannia Industries Ltd.

    287,976  
  52,531    

Central Depository Services India Ltd.

    342,323  
  242,583    

Cipla Ltd.

    2,468,306  
  3,960    

Dixon Technologies India Ltd.

    497,240  
  27,903    

Dr Reddy’s Laboratories Ltd.

    1,838,023  
  42,480    

Escorts Ltd.

    687,760  
  479,316    

HCL Technologies Ltd.

    5,453,468  
  253,976    

Indiabulls Housing Finance Ltd.

    479,382  
 

 

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

 

 

  29  

 


Hartford Emerging Markets Equity Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
COMMON STOCKS - 97.3% - (continued)  
      India - 7.3% - (continued)  
  274,283    

Infosys Ltd.

  $ 3,929,691  
  14,364    

Ipca Laboratories Ltd.

    448,198  
  25,794    

Mahanagar Gas Ltd.

    283,561  
  223,008    

Manappuram Finance Ltd.

    467,218  
  34,726    

Multi Commodity Exchange of India Ltd.

    796,923  
  113,529    

Muthoot Finance Ltd.

    1,884,900  
  1,058,180    

Oil & Natural Gas Corp. Ltd.

    926,450  
  793,808    

Power Finance Corp. Ltd.

    932,567  
  20,344    

Reliance Industries Ltd.

    564,033  
  657,749    

Steel Authority of India Ltd.*

    305,648  
  40,998    

Strides Pharma Science Ltd.

    381,629  
  211,860    

Sun TV Network Ltd.

    1,205,656  
  168,359    

Vedanta Ltd.

    217,778  
  7,952    

WNS Holdings Ltd. ADR*

    458,353  
   

 

 

 
      26,853,047  
   

 

 

 
      Indonesia - 0.4%  
  3,574,200    

Adaro Energy Tbk PT

    270,937  
  80,150    

Gudang Garam Tbk PT*

    223,218  
  1,400,000    

Indofood Sukses Makmur Tbk PT

    663,191  
  324,100    

United Tractors Tbk PT

    463,039  
   

 

 

 
      1,620,385  
   

 

 

 
      Malaysia - 1.6%  
  392,000    

Hartalega Holdings Bhd

    1,700,431  
  664,800    

Kossan Rubber Industries

    1,201,195  
  282,107    

RHB Bank Bhd

    287,118  
  1,290,000    

Top Glove Corp. Bhd

    2,660,653  
   

 

 

 
      5,849,397  
   

 

 

 
      Mexico - 1.4%  
  1,304,412    

Fibra Uno Administracion S.A. de C.V. REIT

    991,922  
  184,845    

Gruma S.A.B. de C.V. Class B

    1,972,848  
  301,300    

Grupo Bimbo S.A.B. de C.V. Class A

    582,387  
  565,000    

Grupo Mexico S.A.B. de C.V. Class B

    1,610,975  
   

 

 

 
      5,158,132  
   

 

 

 
      Pakistan - 0.2%  
  1,062,822    

Oil & Gas Development Co., Ltd.

    626,729  
   

 

 

 
      Poland - 1.2%  
  28,451    

CD Projekt S.A.*

    2,415,811  
  27,167    

Grupa Lotos S.A.

    191,600  
  64,089    

KGHM Polska Miedz S.A.*

    1,917,676  
  26,272    

Orange Polska S.A.*

    40,384  
   

 

 

 
      4,565,471  
   

 

 

 
      Qatar - 0.7%  
  1,234,504    

Barwa Real Estate Co.

    1,130,688  
  243,334    

Commercial Bank QSC

    285,181  
  239,212    

Ooredoo QPSC

    434,123  
  54,186    

Qatar Electricity & Water Co. QSC

    248,024  
  1,416,569    

United Development Co. QSC

    574,903  
   

 

 

 
      2,672,919  
   

 

 

 
      Russia - 2.8%  
  146,312    

MMC Norilsk Nickel PJSC ADR

    3,487,258  
  442,500    

Sberbank of Russia PJSC ADR

    4,469,880  
  292,400    

Surgutneftegas PJSC ADR

    1,200,992  
  1,401,618    

VTB Bank PJSC GDR

    1,089,350  
   

 

 

 
      10,247,480  
   

 

 

 
      South Africa - 3.5%  
  86,711    

African Rainbow Minerals Ltd.

    1,219,649  
  15,268    

Anglo American Platinum Ltd.

    1,010,970  
  173,987    

Clicks Group Ltd.

    2,522,604  
  74,394    

Exxaro Resources Ltd.

    501,869  
  41,577    

Impala Platinum Holdings Ltd.

    370,049  
Shares or Principal Amount   Market Value  
COMMON STOCKS - 97.3% - (continued)  
      South Africa - 3.5% - (continued)  
  317,241    

Investec Ltd.

  $ 584,130  
  37,221    

Kumba Iron Ore Ltd.

    1,105,069  
  359,304    

MTN Group Ltd.

    1,282,899  
  9,192    

Naspers Ltd. Class N

    1,794,530  
  214,515    

Shoprite Holdings Ltd.

    1,699,247  
  246,021    

Sibanye Stillwater Ltd.

    725,447  
   

 

 

 
      12,816,463  
   

 

 

 
      South Korea - 12.4%  
  137,511    

BNK Financial Group, Inc.

    671,745  
  2,954    

Daelim Industrial Co., Ltd.

    204,166  
  30,129    

DB HiTek Co., Ltd.

    855,434  
  197,663    

DGB Financial Group, Inc.

    1,085,466  
  15,361    

E-Mart, Inc.

    1,933,918  
  33,057    

Hana Financial Group, Inc.

    892,951  
  10,994    

Hyundai Mobis Co., Ltd.

    2,202,797  
  6,756    

Hyundai Motor Co.

    988,916  
  47,359    

Industrial Bank of Korea

    343,855  
  9,276    

Kakao Corp.

    2,704,798  
  96,083    

KB Financial Group, Inc.

    3,436,868  
  118,640    

Kia Motors Corp.

    5,320,902  
  65,000    

KT Corp.

    1,269,474  
  82,069    

KT Corp. ADR

    789,504  
  2,719    

LG Chem Ltd.

    1,482,619  
  13,844    

LG Electronics, Inc.

    1,029,155  
  1,991    

LG Innotek Co., Ltd.

    269,913  
  43,097    

Mirae Asset Daewoo Co., Ltd.

    321,090  
  13,416    

NAVER Corp.

    3,432,764  
  4,328    

Orion Corp/Republic of Korea

    414,703  
  262,351    

Samsung Electronics Co., Ltd.

    13,187,233  
  2,094    

Seegene, Inc.

    479,548  
  76,150    

Shinhan Financial Group Co., Ltd.

    2,066,122  
  48,977    

Woori Financial Group, Inc.

    386,703  
   

 

 

 
      45,770,644  
   

 

 

 
      Taiwan - 14.3%  
  340,000    

Acer, Inc.

    284,146  
  863,000    

Cathay Financial Holding Co., Ltd.

    1,159,642  
  456,000    

E Ink Holdings, Inc.

    612,317  
  349,000    

Elan Microelectronics Corp.

    1,648,581  
  1,017,000    

Evergreen Marine Corp. Taiwan Ltd.*

    672,865  
  108,000    

Foxsemicon Integrated Technology, Inc.

    655,455  
  3,322,000    

Fubon Financial Holding Co., Ltd.

    4,732,371  
  58,000    

Giant Manufacturing Co., Ltd.

    572,974  
  1,890,000    

Hon Hai Precision Industry Co., Ltd.

    5,125,926  
  342,000    

Kuoyang Construction Co., Ltd.

    282,437  
  265,086    

Lite-On Technology Corp.

    431,803  
  149,000    

Makalot Industrial Co., Ltd.

    987,672  
  162,959    

MediaTek, Inc.

    3,873,578  
  98,000    

Merida Industry Co., Ltd.

    955,450  
  229,000    

Micro-Star International Co., Ltd.

    923,079  
  23,000    

momo.com, Inc.

    550,422  
  105,000    

Nien Made Enterprise Co., Ltd.

    1,183,783  
  57,000    

Novatek Microelectronics Corp.

    532,673  
  472,000    

Pegatron Corp.

    1,017,173  
  36,000    

Phison Electronics Corp.

    374,741  
  1,054,000    

Quanta Computer, Inc.

    2,659,517  
  353,919    

Radiant Opto-Electronics Corp.

    1,394,446  
  533,000    

Shin Kong Financial Holding Co., Ltd.

    148,464  
  165,000    

Sino-American Silicon Products, Inc.

    576,453  
  1,051,176    

Taiwan Semiconductor Manufacturing Co., Ltd.

    15,903,950  
  79,000    

Tripod Technology Corp.

    314,158  
  334,000    

TXC Corp.

    900,819  
  3,651,724    

United Microelectronics Corp.

    3,924,693  
  567,000    

Wistron Corp.

    566,853  
   

 

 

 
      52,966,441  
   

 

 

 
 

 

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

 

 

  30  

 


Hartford Emerging Markets Equity Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
COMMON STOCKS - 97.3% - (continued)  
      Thailand - 2.8%  
  402,400    

Bangkok Bank PCL

  $ 1,250,720  
  1,316,400    

Charoen Pokphand Foods PCL

    1,066,467  
  867,100    

Com7 PCL

    1,140,647  
  353,200    

Hana Microelectronics PCL

    509,954  
  697,400    

Kasikornbank PCL

    1,679,597  
  4,223,871    

Krung Thai Bank PCL

    1,172,262  
  1,258,500    

Polyplex Thailand PCL

    973,124  
  2,047,500    

Thai Union Group PCL Class F

    998,540  
  277,000    

Thai Vegetable Oil PCL

    302,174  
  858,500    

Thanachart Capital PCL

    757,480  
  11,716,100    

TMB Bank PCL

    304,485  
   

 

 

 
      10,155,450  
   

 

 

 
 

Turkey - 0.7%

 

  92,388    

BIM Birlesik Magazalar A.S.

    730,463  
  165,554    

Migros Ticaret AS*(2)

    740,098  
  165,953    

Turkcell Iletisim Hizmetleri AS

    287,363  
  683,894    

Turkiye Halk Bankasi AS*(2)

    383,846  
  892,248    

Turkiye Is Bankasi AS Class C*

    545,319  
   

 

 

 
      2,687,089  
   

 

 

 
      United Arab Emirates - 0.6%  
  641,759    

Emaar Properties PJSC*

    459,890  
  730,078    

Emirates NBD Bank PJSC

    1,871,272  
   

 

 

 
      2,331,162  
   

 

 

 
 

Total Common Stocks
(cost $317,537,062)

  $ 359,172,776  
   

 

 

 
PREFERRED STOCKS - 1.5%  
      Brazil - 1.5%  
  166,700    

Cia de Transmissao de Energia Eletrica Paulista

    683,017  
  92,900    

Cia Paranaense de Energia

    999,922  
  81,400    

Gerdau S.A.

    309,402  
  1,112,000    

Petroleo Brasileiro S.A.

    3,670,524  
   

 

 

 
      5,662,865  
   

 

 

 
 

Total Preferred Stocks
(cost $7,282,288)

  $ 5,662,865  
   

 

 

 
 

Total Long-Term Investments
(cost $324,819,350)

  $ 364,835,641  
   

 

 

 
SHORT-TERM INVESTMENTS - 1.1%  
      Repurchase Agreements - 0.4%  
  1,582,748    

Fixed Income Clearing Corp. Repurchase Agreement dated 10/30/2020 at 0.060%, due on 11/02/2020 with a maturity value of $1,582,756; collateralized by U.S. Treasury Note at 2.875%, maturing 05/15/2028, with a market value of $1,614,480

  $ 1,582,748  
   

 

 

 
      Securities Lending Collateral - 0.7%  
  2,426,808    

Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 0.02%(3)

    2,426,808  
  2,449    

Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 0.03%(3)

    2,449  
   

 

 

 
      2,429,257  
   

 

 

 
 

Total Short-Term Investments
(cost $4,012,005)

  $ 4,012,005  
   

 

 

 
 

Total Investments
(cost $328,831,355)

    99.9    $ 368,847,646  
 

Other Assets and Liabilities

    0.1      408,883  
   

 

 

    

 

 

 
 

Total Net Assets

    100.0    $ 369,256,529  
   

 

 

    

 

 

 
Note:

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

 

    

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

 

    

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

 

    

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

    

See “Glossary” for abbreviation descriptions.

 

*

Non-income producing.

 

(1) 

Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions that are exempt from registration (typically only to qualified institutional buyers) or in a public offering registered under the Securities Act of 1933. At October 31, 2020, the aggregate value of these securities was $4,276,646, representing 1.2% of net assets.

 

(2) 

Represents entire or partial securities on loan. See Note 9 in the accompanying Notes to Financial Statements for securities lending information.

 

(3)

Current yield as of period end.

 

Futures Contracts Outstanding at October 31, 2020  

Description

   Number of
Contracts
     Expiration
Date
     Current
Notional
Amount
     Value and
Unrealized
Appreciation/
(Depreciation)
 
Long position contracts:  

MSCI Emerging Market Index Future

     35        12/18/2020      $ 1,928,325      $ 53,073  
           

 

 

 

Total futures contracts

 

   $     53,073  
           

 

 

 

 

 

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

 

 

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

 

 

  31  

 


Hartford Emerging Markets Equity Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Fair Value Summary

The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.

 

Description

   Total      Level 1      Level 2      Level 3(1)  

Assets

 

Common Stocks

 

Brazil

   $ 11,549,053      $ 11,549,053      $      $  

China

     144,924,225        40,913,689        104,010,536         

Greece

     400,570               400,570         

Hong Kong

     17,978,119               17,978,119         

India

     26,853,047        458,353        26,394,694         

Indonesia

     1,620,385               1,620,385         

Malaysia

     5,849,397               5,849,397         

Mexico

     5,158,132        5,158,132                

Pakistan

     626,729               626,729         

Poland

     4,565,471               4,565,471         

Qatar

     2,672,919               2,672,919         

Russia

     10,247,480               10,247,480         

South Africa

     12,816,463        4,221,851        8,594,612         

South Korea

     45,770,644        789,504        44,981,140         

Taiwan

     52,966,441               52,966,441         

Thailand

     10,155,450        7,225,133        2,930,317         

Turkey

     2,687,089        740,098        1,946,991         

United Arab Emirates

     2,331,162               2,331,162         

Preferred Stocks

     5,662,865        5,662,865                

Short-Term Investments

     4,012,005        2,429,257        1,582,748         

Futures Contracts(2)

     53,073        53,073                
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $     368,900,719      $     79,201,008      $     289,699,711      $     —  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(1) 

For the year ended October 31, 2020, there were no transfers in and out of Level 3.

 

(2)

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

 

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

 

 

  32  

 


Hartford Global Impact Fund

Schedule of Investments

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
COMMON STOCKS - 94.2%  
      Australia - 1.6%  
  87,694    

SEEK Ltd.

  $ 1,327,299  
   

 

 

 
      Bangladesh - 1.0%  
  217,032    

GrameenPhone Ltd.

    844,312  
   

 

 

 
      Brazil - 3.7%  
  59,100    

Hapvida Participacoes e Investimentos S.A.(1)

    663,001  
  12,454    

Pagseguro Digital Ltd. Class A*

    455,941  
  26,126    

StoneCo Ltd. Class A*

    1,372,660  
  160,800    

YDUQS Part

    642,309  
   

 

 

 
      3,133,911  
   

 

 

 
      Canada - 1.9%  
  29,600    

Brookfield Renewable Partners L.P.

    1,604,083  
   

 

 

 
      China - 1.6%  
  34,700    

Hangzhou Tigermed Consulting Co., Ltd. Class H*(1)

    557,259  
  29,018    

Niu Technologies ADR*

    762,303  
   

 

 

 
      1,319,562  
   

 

 

 
      Denmark - 1.4%  
  6,826    

Vestas Wind Systems A/S

    1,171,096  
   

 

 

 
      France - 4.1%  
  31,120    

Nexity S.A.

    873,478  
  16,796    

Schneider Electric SE

    2,040,822  
  28,642    

Suez

    524,359  
   

 

 

 
      3,438,659  
   

 

 

 
      Germany - 3.5%  
  9,759    

LEG Immobilien AG

    1,318,956  
  25,397    

Vonovia SE

    1,621,941  
   

 

 

 
      2,940,897  
   

 

 

 
      India - 0.5%  
  49,101    

Shriram Transport Finance Co., Ltd.

    459,079  
   

 

 

 
      Ireland - 2.4%  
  15,053    

Trane Technologies plc

    1,998,286  
   

 

 

 
      Japan - 2.6%  
  7,900    

Eisai Co., Ltd.

    614,253  
  54,848    

Katitas Co., Ltd.

    1,556,087  
   

 

 

 
      2,170,340  
   

 

 

 
      Kenya - 1.4%  
  4,251,600    

Safaricom plc

    1,205,392  
   

 

 

 
      Netherlands - 6.6%  
  11,428    

Koninklijke DSM N.V.

    1,827,651  
  43,289    

Koninklijke Philips N.V.*

    2,005,006  
  48,340    

Signify N.V.*(1)

    1,715,844  
   

 

 

 
      5,548,501  
   

 

 

 
      South Africa - 1.6%  
  184,766    

Vodacom Group Ltd.

    1,392,392  
   

 

 

 
      South Korea - 1.7%  
  3,559    

Samsung SDI Co., Ltd.

    1,402,019  
   

 

 

 
      Spain - 1.5%  
  12,688    

Acciona S.A.

    1,281,952  
   

 

 

 
      Sweden - 0.4%  
  8,387    

MIPS AB

    360,800  
   

 

 

 
      Switzerland - 1.1%  
  17,142    

Landis+Gyr Group AG*

    957,369  
   

 

 

 
      Taiwan - 2.0%  
  71,933    

MediaTek, Inc.

    1,709,866  
   

 

 

 
      United Kingdom - 4.9%  
  19,213    

Genus plc

    1,021,069  
  46,138    

Hikma Pharmaceuticals plc

    1,500,106  
Shares or Principal Amount   Market Value  
COMMON STOCKS - 94.2% - (continued)  
      United Kingdom - 4.9% - (continued)  
  65,066    

Nomad Foods Ltd.*

  $ 1,577,850  
   

 

 

 
      4,099,025  
   

 

 

 
      United States - 48.7%  
  21,177    

Advanced Drainage Systems, Inc.

    1,343,257  
  24,342    

Agilent Technologies, Inc.

    2,485,075  
  4,791    

Amedisys, Inc.*

    1,240,869  
  33,412    

Avangrid, Inc.

    1,648,548  
  22,460    

Ball Corp.

    1,998,940  
  23,932    

Baxter International, Inc.

    1,856,405  
  17,576    

Blackbaud, Inc.

    867,200  
  15,091    

Boston Properties, Inc. REIT

    1,092,739  
  7,221    

Brookfield Renewable Corp. Class A

    482,484  
  44,491    

Covanta Holding Corp.

    403,978  
  12,443    

Danaher Corp.

    2,856,166  
  9,691    

Etsy, Inc.*

    1,178,329  
  46,563    

Evoqua Water Technologies Corp.*

    1,067,690  
  15,697    

First Solar, Inc.*

    1,366,345  
  21,365    

GoDaddy, Inc. Class A*

    1,511,360  
  2,375    

Illumina, Inc.*

    695,163  
  13,569    

Invitae Corp.*(2)

    532,040  
  24,334    

Itron, Inc.*

    1,653,495  
  89,594    

Laureate Education, Inc. Class A*

    1,164,722  
  38,613    

Mimecast Ltd.*

    1,475,403  
  76,324    

Nuance Communications, Inc.*

    2,435,499  
  28,546    

Rapid7, Inc.*

    1,767,854  
  11,387    

Square, Inc. Class A*

    1,763,619  
  12,024    

Sun Communities, Inc. REIT

    1,654,863  
  9,450    

Tetra Tech, Inc.

    953,600  
  36,161    

Upwork, Inc.*

    667,170  
  10,240    

Watts Water Technologies, Inc. Class A

    1,134,285  
  22,196    

Xylem, Inc.

    1,934,159  
  12,005    

Zoetis, Inc.

    1,903,393  
   

 

 

 
      41,134,650  
   

 

 

 
 

Total Common Stocks
(cost $64,871,835)

  $ 79,499,490  
   

 

 

 
SHORT-TERM INVESTMENTS - 4.1%  
      Repurchase Agreements - 3.4%  
  2,883,608    

Fixed Income Clearing Corp. Repurchase Agreement dated 10/30/2020 at 0.060%, due on 11/02/2020 with a maturity value of $2,883,622; collateralized by U.S. Treasury Note at 2.875%, maturing 05/15/2028, with a market value of $2,941,303

  $ 2,883,608  
   

 

 

 
      Securities Lending Collateral - 0.7%  
  569,857    

Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 0.02%(3)

    569,857  
  575    

Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 0.03%(3)

    575  
   

 

 

 
      570,432  
   

 

 

 
 

Total Short-Term Investments
(cost $3,454,040)

  $ 3,454,040  
   

 

 

 
 

Total Investments
(cost $68,325,875)

    98.3    $ 82,953,530  
 

Other Assets and Liabilities

    1.7      1,449,156  
   

 

 

    

 

 

 
 

Total Net Assets

    100.0    $ 84,402,686  
   

 

 

    

 

 

 

 

Note:

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

 

    

Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by the

 

 

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

 

 

  33  

 


Hartford Global Impact Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

  Board of Directors in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange.

 

    

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

    

See “Glossary” for abbreviation descriptions.

 

*

Non-income producing.

 

(1) 

Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions that are exempt from registration (typically only to

  qualified institutional buyers) or in a public offering registered under the Securities Act of 1933. At October 31, 2020, the aggregate value of these securities was $2,936,104, representing 3.5% of net assets.

 

(2)

Represents entire or partial securities on loan. See Note 9 in the accompanying Notes to Financial Statements for securities lending information.

 

(3)

Current yield as of period end.

 

 

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

 

Fair Value Summary

The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.

 

Description

   Total      Level 1      Level 2      Level 3(1)  

Assets

 

Common Stocks

 

Australia

   $ 1,327,299      $      $ 1,327,299      $  

Bangladesh

     844,312        844,312                

Brazil

     3,133,911        3,133,911                

Canada

     1,604,083        1,604,083                

China

     1,319,562        1,319,562                

Denmark

     1,171,096               1,171,096         

France

     3,438,659        873,478        2,565,181         

Germany

     2,940,897               2,940,897         

India

     459,079               459,079         

Ireland

     1,998,286        1,998,286                

Japan

     2,170,340               2,170,340         

Kenya

     1,205,392               1,205,392         

Netherlands

     5,548,501               5,548,501         

South Africa

     1,392,392               1,392,392         

South Korea

     1,402,019               1,402,019         

Spain

     1,281,952               1,281,952         

Sweden

     360,800               360,800         

Switzerland

     957,369               957,369         

Taiwan

     1,709,866               1,709,866         

United Kingdom

     4,099,025        1,577,850        2,521,175         

United States

     41,134,650        41,134,650                

Short-Term Investments

     3,454,040        570,432        2,883,608         
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $     82,953,530      $     53,056,564      $     29,896,966      $     —  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(1) 

For the year ended October 31, 2020, there were no transfers in and out of Level 3.

 

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

 

 

  34  

 


Hartford International Equity Fund

Schedule of Investments

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
COMMON STOCKS - 96.6%  
      Argentina - 0.0%  
  44,059    

YPF S.A. ADR*

  $ 141,870  
   

 

 

 
      Australia - 1.2%  
  84,102    

BHP Group Ltd.

    2,016,061  
  46,362    

Commonwealth Bank of Australia

    2,250,946  
  9,766    

CSL Ltd.

    1,977,198  
  231,547    

OceanaGold Corp.*

    302,403  
  379,345    

Resolute Mining Ltd.*

    215,449  
  79,134    

Wesfarmers Ltd.

    2,561,537  
  289,115    

Western Areas Ltd.

    390,606  
   

 

 

 
      9,714,200  
   

 

 

 
      Austria - 0.1%  
  22,747    

Erste Group Bank AG*

    467,575  
  48,053    

Zumtobel Group AG

    268,632  
   

 

 

 
      736,207  
   

 

 

 
      Belgium - 0.7%  
  22,015    

Ageas S.A.

    886,523  
  80,782    

AGFA-Gevaert N.V.*

    307,144  
  69,681    

Anheuser-Busch InBev N.V.

    3,604,331  
  29,472    

bpost S.A.*

    261,163  
  29,960    

Orange Belgium S.A.

    499,283  
   

 

 

 
      5,558,444  
   

 

 

 
      Brazil - 1.8%  
  161,200    

B3 S.A. - Brasil Bolsa Balcao

    1,434,181  
  258,600    

Localiza Rent a Car S.A.

    2,734,748  
  608,988    

Magazine Luiza S.A.

    2,614,065  
  87,083    

Pagseguro Digital Ltd. Class A*

    3,188,109  
  343,550    

Vale S.A. ADR

    3,631,323  
  267,700    

Via Varejo S.A.*

    800,588  
   

 

 

 
      14,403,014  
   

 

 

 
      Canada - 5.2%  
  151,375    

Advantage Oil & Gas Ltd.*(1)

    249,963  
  77,192    

ARC Resources Ltd.

    380,079  
  72,867    

Bank of Nova Scotia

    3,027,238  
  51,206    

Barrick Gold Corp.

    1,369,029  
  48,103    

Cameco Corp.

    457,092  
  89,757    

Canadian National Railway Co.

    8,916,414  
  45,822    

Centerra Gold, Inc.

    400,336  
  39,914    

Eldorado Gold Corp.*

    500,122  
  79,601    

Enbridge, Inc.

    2,193,314  
  81,833    

Fortis, Inc.

    3,232,658  
  63,052    

IAMGOLD Corp.*

    231,401  
  35,469    

Intact Financial Corp.

    3,663,772  
  90,714    

Kinross Gold Corp.

    722,991  
  39,113    

Royal Bank of Canada

    2,734,945  
  5,148    

Shopify, Inc. Class A*

    4,757,906  
  61,855    

Sun Life Financial, Inc.

    2,461,108  
  50,966    

Toronto-Dominion Bank

    2,248,579  
  23,727    

Tourmaline Oil Corp.

    307,384  
  216,464    

Trican Well Service Ltd.*(1)

    188,470  
  96,135    

Uranium Participation Corp.*

    288,629  
  49,700    

Wheaton Precious Metals Corp.

    2,280,761  
   

 

 

 
      40,612,191  
   

 

 

 
      China - 10.6%  
  1,309,026    

361 Degrees International Ltd.

    160,725  
  54,879    

Alibaba Group Holding Ltd. ADR*

    16,721,083  
  315,676    

Anhui Conch Cement Co., Ltd. Class H

    1,974,708  
  104,000    

ANTA Sports Products Ltd.

    1,154,519  
  4,383    

Baidu, Inc. ADR*

    583,158  
  1,905,211    

China BlueChemical Ltd. Class H

    270,988  
  179,000    

China Conch Venture Holdings Ltd.

    797,052  
  6,808,069    

China Construction Bank Corp. Class H

    4,691,529  
  1,026,936    

China Machinery Engineering Corp. Class H

    197,771  
Shares or Principal Amount   Market Value  
COMMON STOCKS - 96.6% - (continued)  
      China - 10.6% - (continued)  
  621,772    

China Merchants Bank Co., Ltd. Class H

  $ 3,238,769  
  3,541,620    

China State Construction Engineering Corp. Ltd. Class A

    2,707,405  
  3,110,898    

China Telecom Corp. Ltd. Class H

    976,540  
  962,620    

China Vanke Co., Ltd. Class H

    2,987,938  
  3,955,545    

CSPC Pharmaceutical Group Ltd.

    4,200,492  
  3,779,684    

Dongfeng Motor Group Co., Ltd. Class H

    2,662,505  
  269,700    

ENN Energy Holdings Ltd.

    3,413,350  
  188,768    

Jiangsu Hengrui Medicine Co., Ltd. Class A

    2,510,714  
  45,700    

Jiangsu Yanghe Brewery Joint-Stock Co., Ltd. Class A

    1,149,329  
  11,204    

JOYY, Inc.

    1,023,822  
  1,704,000    

Lenovo Group Ltd.

    1,069,897  
  10,838    

New Oriental Education & Technology Group, Inc. ADR*

    1,738,198  
  396,153    

Ping An Insurance Group Co., of China Ltd. Class H

    4,096,093  
  445,900    

Shanghai Pharmaceuticals Holding Co., Ltd. Class H

    692,173  
  136,092    

Shenzhou International Group Holdings Ltd.

    2,367,914  
  2,391,500    

Sinopec Engineering Group Co., Ltd. Class H

    929,585  
  363,000    

Sunac China Holdings Ltd.

    1,345,333  
  169,036    

Tencent Holdings Ltd.

    12,915,298  
  96,486    

Trip.com Group Ltd. ADR*

    2,774,937  
  944,900    

Vatti Corp. Ltd. Class A

    1,265,379  
  68,063    

Vipshop Holdings Ltd. ADR*

    1,456,548  
  18,100    

Yum China Holdings, Inc.

    975,917  
   

 

 

 
      83,049,669  
   

 

 

 
      Denmark - 1.4%  
  1,083    

AP Moller - Maersk A/S Class B

    1,735,653  
  25,629    

Carlsberg A/S Class B

    3,245,164  
  43,284    

D/S Norden A/S

    615,483  
  2,365    

Drilling Co.*(1)

    44,676  
  31,047    

DSV Panalpina A/S

    5,037,110  
   

 

 

 
      10,678,086  
   

 

 

 
      Finland - 0.2%  
  354,280    

Nokia Oyj*

    1,194,347  
   

 

 

 
      France - 9.1%  
  53,640    

Airbus SE*

    3,924,626  
  197,506    

AXA S.A.

    3,171,808  
  39,350    

BNP Paribas S.A.*

    1,372,322  
  95,985    

Bureau Veritas S.A.*

    2,104,792  
  34,847    

Capgemini SE

    4,023,706  
  57,731    

Cie de Saint-Gobain*

    2,248,825  
  31,791    

Criteo S.A. ADR*

    545,534  
  63,234    

Danone S.A.

    3,507,286  
  593    

Dassault Aviation S.A.*

    496,137  
  30,901    

Eiffage S.A.*

    2,242,715  
  120,140    

Engie S.A.*

    1,453,040  
  146,132    

Groupe Eurotunnel SE*

    1,965,508  
  14,755    

Imerys S.A.

    441,041  
  13,390    

L’Oreal S.A.

    4,327,451  
  7,502    

LVMH Moet Hennessy Louis Vuitton SE

    3,516,545  
  40,486    

Metropole Television S.A.*

    444,718  
  24,166    

Pernod Ricard S.A.

    3,893,202  
  31,261    

Quadient

    407,378  
  24,493    

Renault S.A.*

    606,588  
  97,877    

Rexel S.A.*

    1,030,514  
  76,385    

Schneider Electric SE

    9,281,267  
  24,990    

SCOR SE*

    606,888  
  53,490    

Societe Generale S.A.*

    726,817  
  35,747    

Sodexo S.A.

    2,296,247  
  1,511    

Sopra Steria Group*

    179,675  
  106,269    

Television Francaise 1 S.A.*

    623,782  
  127,018    

Total SE

    3,848,227  
  42,435    

UBISOFT Entertainment S.A.*

    3,748,427  
 

 

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

 

 

  35  

 


Hartford International Equity Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
COMMON STOCKS - 96.6% - (continued)  
      France - 9.1% - (continued)  
  13,147    

Vicat S.A.

  $ 404,228  
  46,743    

Vinci S.A.

    3,691,999  
  53,855    

Worldline S.A.*(2)

    3,988,849  
   

 

 

 
      71,120,142  
   

 

 

 
      Germany - 4.4%  
  42,769    

Brenntag AG

    2,733,640  
  107,557    

CECONOMY AG*

    475,686  
  38,651    

Daimler AG

    1,997,812  
  21,462    

Deutsche Boerse AG

    3,162,501  
  36,482    

Fresenius Medical Care AG & Co. KGaA

    2,785,845  
  11,472    

Hamburger Hafen und Logistik AG

    192,316  
  174,289    

Infineon Technologies AG

    4,852,411  
  21,923    

Merck KGaA

    3,247,480  
  22,137    

Metro AG

    217,083  
  38,247    

Salzgitter AG*

    556,443  
  39,219    

SAP SE

    4,184,062  
  26,564    

Volkswagen AG

    3,869,420  
  66,910    

Zalando SE*(2)

    6,230,952  
   

 

 

 
      34,505,651  
   

 

 

 
      Greece - 0.2%  
  133,631    

Hellenic Telecommunications Organization S.A.

    1,772,175  
   

 

 

 
      Hong Kong - 4.2%  
  552,278    

AIA Group Ltd.

    5,256,126  
  587,400    

China Gas Holdings Ltd.

    1,805,109  
  942,000    

China Merchants Port Holdings Co., Ltd.

    1,001,323  
  431,320    

China Mobile Ltd.

    2,638,186  
  1,851,500    

China Overseas Land & Investment Ltd.

    4,650,579  
  742,000    

China Resources Gas Group Ltd.

    3,224,147  
  1,888,865    

China Unicom Hong Kong Ltd.

    1,164,276  
  155,575    

CK Asset Holdings Ltd.

    722,411  
  126,642    

Dah Sing Financial Holdings Ltd.

    315,446  
  13,401,940    

G-Resources Group Ltd.*

    62,334  
  833,767    

Henderson Land Development Co., Ltd.

    2,944,931  
  4,174,473    

Pacific Basin Shipping Ltd.

    609,797  
  688,367    

PAX Global Technology Ltd.

    400,043  
  1,521,207    

Sands China Ltd.

    5,338,830  
  651,000    

Shenzhen International Holdings Ltd.

    1,013,712  
  2,043,266    

Sino Biopharmaceutical Ltd.

    2,069,816  
   

 

 

 
      33,217,066  
   

 

 

 
      Hungary - 0.1%  
  388,023    

Magyar Telekom Telecommunications plc

    427,664  
   

 

 

 
      India - 1.6%  
  89,822    

Bharti Airtel Ltd.

    525,192  
  184,105    

Canara Bank*

    213,734  
  367,942    

Dabur India Ltd.

    2,539,157  
  84,678    

Hindustan Unilever Ltd.

    2,367,628  
  130,381    

ICICI Bank Ltd. ADR*

    1,375,519  
  158,513    

Infosys Ltd.

    2,271,038  
  342,925    

Nava Bharat Ventures Ltd.

    244,188  
  67,723    

NTPC Ltd.

    80,022  
  471,675    

Oil & Natural Gas Corp. Ltd.

    412,958  
  58,149    

Tata Consultancy Services Ltd.

    2,095,716  
  143,270    

Zee Entertainment Enterprises Ltd.

    362,859  
   

 

 

 
      12,488,011  
   

 

 

 
      Indonesia - 0.4%  
  1,373,077    

Bank Central Asia Tbk PT

    2,701,743  
  718,483    

Bank Mandiri Persero Tbk PT

    279,871  
  2,370,805    

Perusahaan Perkebunan London Sumatra Indonesia Tbk PT

    155,547  
   

 

 

 
      3,137,161  
   

 

 

 
      Ireland - 1.5%  
  470,388    

AIB Group plc*

    532,096  
Shares or Principal Amount   Market Value  
COMMON STOCKS - 96.6% - (continued)  
      Ireland - 1.5% - (continued)  
  328,789    

Bank of Ireland Group plc*

  $ 815,806  
  67,064    

Experian plc

    2,456,815  
  17,209    

Flutter Entertainment plc*

    2,981,472  
  24,411    

Linde plc

    5,350,037  
   

 

 

 
      12,136,226  
   

 

 

 
      Italy - 2.0%  
  57,787    

Assicurazioni Generali S.p.A.

    775,168  
  179,852    

BPER Banca*(1)

    213,689  
  391,628    

Davide Campari-Milano N.V.(1)

    4,093,043  
  160,765    

Eni S.p.A.

    1,126,166  
  22,843    

Ferrari N.V.

    4,075,005  
  101,144    

Moncler S.p.A.*

    4,046,943  
  178,899    

Saipem S.p.A.(1)

    315,197  
  135,257    

UniCredit S.p.A.*

    1,012,992  
   

 

 

 
      15,658,203  
   

 

 

 
      Japan - 14.3%  
  19,860    

Aisan Industry Co., Ltd.

    85,123  
  257,810    

Astellas Pharma, Inc.

    3,535,332  
  43,930    

Avex, Inc.

    424,385  
  4,370    

Benesse Holdings, Inc.

    103,026  
  93,359    

Bridgestone Corp.

    3,043,036  
  26,790    

Canon, Inc.

    466,312  
  4,180    

Cawachi Ltd.

    118,558  
  69,650    

Chiyoda Corp.*(1)

    151,040  
  16,320    

Chubu Steel Plate Co., Ltd.

    112,755  
  44,930    

Chugai Pharmaceutical Co., Ltd.

    1,734,297  
  178,420    

Citizen Watch Co., Ltd.

    472,689  
  7,740    

CMIC Holdings Co., Ltd.

    95,343  
  34,560    

Cosel Co., Ltd.

    330,835  
  68,150    

Dai-ichi Life Holdings, Inc.

    1,017,848  
  50,120    

DeNA Co., Ltd.

    855,152  
  52,507    

East Japan Railway Co.

    2,745,771  
  47,588    

Eisai Co., Ltd.

    3,700,135  
  13,640    

Enplas Corp.

    298,683  
  28,450    

EPS Holdings, Inc.

    257,737  
  38,620    

Exedy Corp.

    486,883  
  33,545    

Fuji Media Holdings, Inc.

    322,617  
  4,935    

Fujitsu Ltd.

    583,882  
  70,060    

Funai Electric Co., Ltd.*

    292,419  
  9,975    

Gendai Agency, Inc.

    26,391  
  29,940    

GMO Payment Gateway, Inc.

    3,668,502  
  189,270    

Gree, Inc.

    986,950  
  127,450    

Hino Motors Ltd.

    976,487  
  32,650    

Hisaka Works Ltd.

    275,913  
  92,800    

Honda Motor Co., Ltd.

    2,194,992  
  45,890    

Ichiyoshi Securities Co., Ltd.

    183,521  
  143,550    

Inpex Corp.

    680,771  
  127,792    

Isuzu Motors Ltd.

    1,036,840  
  13,810    

Japan Petroleum Exploration Co., Ltd.

    218,362  
  49,660    

Japan Steel Works Ltd.

    1,061,648  
  173,096    

Japan Tobacco, Inc.

    3,258,909  
  75,840    

JGC Holdings Corp.

    623,585  
  28,955    

Kao Corp.

    2,061,558  
  134,690    

KDDI Corp.

    3,644,037  
  34,879    

Keio Corp.

    2,027,070  
  128,290    

Kirin Holdings Co., Ltd.

    2,312,859  
  44,640    

Kyoei Steel Ltd.

    562,035  
  37,450    

Maxell Holdings Ltd.*

    391,526  
  3,820    

Melco Holdings, Inc.

    98,856  
  12,890    

Miraial Co., Ltd.

    150,487  
  65,450    

Mitsubishi Estate Co., Ltd.

    976,244  
  17,621    

Mitsubishi Heavy Industries Ltd.

    378,591  
  147,650    

Mitsubishi Motors Corp.*

    270,794  
  431,720    

Mitsubishi UFJ Financial Group, Inc.

    1,701,799  
 

 

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

 

 

  36  

 


Hartford International Equity Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
COMMON STOCKS - 96.6% - (continued)  
      Japan - 14.3% - (continued)  
  63,070    

Nakayama Steel Works Ltd.

  $ 211,316  
  23,480    

Neturen Co., Ltd.

    107,719  
  88,725    

Nichicon Corp.

    718,383  
  67,950    

Nikon Corp.

    414,112  
  37,000    

Nippon Chemi-Con Corp.*

    473,216  
  63,224    

Nippon Television Holdings, Inc.

    667,169  
  179,840    

Nissan Motor Co., Ltd.*

    636,729  
  15,037    

Nitori Holdings Co., Ltd.

    3,090,956  
  15,990    

Nitto Denko Corp.

    1,123,389  
  68,580    

NOK Corp.

    782,087  
  167,595    

Nomura Holdings, Inc.

    750,564  
  12,159    

Obic Co., Ltd.

    2,152,665  
  17,290    

OKUMA Corp.

    839,219  
  17,320    

Pacific Metals Co., Ltd.

    267,493  
  85,780    

Recruit Holdings Co., Ltd.

    3,263,984  
  295,460    

Resona Holdings, Inc.

    974,124  
  23,520    

Sanyo Shokai Ltd.

    111,415  
  33,517    

Secom Co., Ltd.

    2,831,479  
  86,108    

Seven & i Holdings Co., Ltd.

    2,617,224  
  13,310    

Shimamura Co., Ltd.

    1,418,989  
  28,967    

Shin-Etsu Chemical Co., Ltd.

    3,869,028  
  70,300    

Shiseido Co., Ltd.

    4,352,062  
  277,274    

Softbank Corp.

    3,226,766  
  66,790    

SoftBank Group Corp.

    4,350,285  
  55,968    

Sumitomo Mitsui Financial Group, Inc.

    1,549,301  
  37,930    

Sumitomo Mitsui Trust Holdings, Inc.

    1,019,840  
  35,960    

Sumitomo Riko Co., Ltd.

    183,433  
  59,858    

Suntory Beverage & Food Ltd.

    2,064,366  
  29,730    

Sysmex Corp.

    2,792,501  
  144,994    

T&D Holdings, Inc.

    1,449,081  
  33,810    

Tachi-S Co., Ltd.

    341,604  
  55,760    

Takeda Pharmaceutical Co., Ltd.

    1,723,128  
  31,420    

THK Co., Ltd.

    834,041  
  107,640    

Tochigi Bank Ltd.

    186,297  
  50,750    

Tokai Rika Co., Ltd.

    795,296  
  22,030    

Tokyo Seimitsu Co., Ltd.

    743,324  
  103,140    

Tokyo Steel Manufacturing Co., Ltd.

    656,358  
  46,180    

Toppan Forms Co., Ltd.

    443,084  
  9,546    

Toshiba Machine Co., Ltd.

    190,509  
  52,340    

Toyo Engineering Corp.*

    153,494  
  5,640    

Toyoda Gosei Co., Ltd.

    143,340  
  39,910    

Toyota Boshoku Corp.

    579,726  
  17,395    

Tsuruha Holdings, Inc.

    2,435,734  
  40,380    

TV Asahi Holdings Corp.

    610,077  
  53,480    

Unipres Corp.

    414,266  
  49,720    

Ushio, Inc.

    555,405  
  54,500    

Xebio Holdings Co., Ltd.

    355,904  
  33,800    

Yamato Kogyo Co., Ltd.

    811,711  
  8,160    

Yodogawa Steel Works Ltd.

    153,176  
  87,081    

Z Holdings Corp.

    607,221  
   

 

 

 
      112,045,175  
   

 

 

 
      Luxembourg - 0.1%  
  19,713    

RTL Group S.A.*

    749,034  
   

 

 

 
      Malaysia - 0.5%  
  680,349    

CIMB Group Holdings Bhd

    482,864  
  96,726    

Nestle Malaysia Bhd

    3,243,243  
   

 

 

 
      3,726,107  
   

 

 

 
      Mexico - 0.4%  
  1,892,432    

Kimberly-Clark de Mexico S.A.B. de C.V. Class A

    2,826,403  
   

 

 

 
      Monaco - 0.1%  
  22,717    

Endeavour Mining Corp.*

    557,226  
   

 

 

 
      Netherlands - 3.8%  
  104,556    

ABN Amro Bank N.V.*(2)

    858,851  
Shares or Principal Amount   Market Value  
COMMON STOCKS - 96.6% - (continued)  
      Netherlands - 3.8% - (continued)  
  2,461    

Adyen N.V.*(2)

  $ 4,136,309  
  14,494    

ASML Holding N.V.

    5,243,971  
  44,938    

Fugro N.V.*(1)

    171,496  
  94,754    

Heineken N.V.

    8,387,392  
  208,544    

ING Groep N.V.*

    1,428,467  
  79,928    

Koninklijke Philips N.V.*

    3,702,005  
  314,063    

PostNL N.V.*

    1,041,660  
  43,727    

QIAGEN N.V.*

    2,076,280  
  203,657    

Royal Dutch Shell plc Class B

    2,455,967  
   

 

 

 
      29,502,398  
   

 

 

 
      New Zealand - 0.4%  
  321,509    

a2 Milk Co., Ltd.*(1)

    3,089,356  
   

 

 

 
      Norway - 0.1%  
  342,778    

Norsk Hydro ASA*

    963,331  
   

 

 

 
      Philippines - 0.3%  
  3,584,677    

SM Prime Holdings, Inc.

    2,495,970  
   

 

 

 
      Portugal - 0.3%  
  141,781    

Jeronimo Martins SGPS S.A.

    2,252,009  
   

 

 

 
      Russia - 1.1%  
  142,352    

Gazprom PJSC ADR

    545,359  
  3,628    

LUKOIL PJSC ADR

    185,620  
  38,499    

Sberbank of Russia PJSC ADR

    388,895  
  123,069    

Surgutneftegas PJSC ADR

    505,489  
  349,570    

VEON Ltd.

    436,962  
  113,834    

Yandex N.V. Class A*

    6,553,423  
   

 

 

 
      8,615,748  
   

 

 

 
      South Africa - 0.2%  
  58,543    

Gold Fields Ltd.

    633,153  
  110,961    

Harmony Gold Mining Co., Ltd. ADR*

    544,819  
  22,183    

Impala Platinum Holdings Ltd.

    197,436  
  84,847    

MTN Group Ltd.

    302,947  
  610,778    

Nampak Ltd.*

    32,093  
  194,917    

Raubex Group Ltd.

    239,668  
   

 

 

 
      1,950,116  
   

 

 

 
      South Korea - 4.3%  
  11,462    

CJ CheilJedang Corp.

    3,665,739  
  17,180    

CJ ENM Co., Ltd.

    2,007,292  
  12,747    

CJ Logistics Corp.*

    1,799,056  
  90,281    

DGB Financial Group, Inc.

    495,778  
  15,876    

E-Mart, Inc.

    1,998,756  
  32,843    

Fila Holdings Corp.

    1,120,661  
  34,253    

Hankook Tire & Technology Co., Ltd.

    959,571  
  121,028    

KB Financial Group, Inc.

    4,329,146  
  22,420    

Kginicis Co., Ltd.

    374,700  
  52,547    

KT Corp.

    1,026,262  
  1,789    

LG Household & Health Care Ltd.

    2,371,997  
  155,038    

Samsung Electronics Co., Ltd.

    7,793,079  
  41,925    

Shinhan Financial Group Co., Ltd.

    1,137,520  
  25,384    

SK Telecom Co., Ltd.

    4,813,534  
  81,363    

Tongyang Life Insurance Co., Ltd.

    227,248  
   

 

 

 
      34,120,339  
   

 

 

 
      Spain - 2.9%  
  525,687    

CaixaBank S.A.

    959,163  
  163,861    

Cellnex Telecom S.A.(2)

    10,518,394  
  329,459    

Iberdrola S.A.

    3,890,112  
  266,857    

Industria de Diseno Textil S.A.(1)

    6,588,519  
  168,751    

Prosegur Cia de Seguridad S.A.

    386,534  
  684,550    

Unicaja Banco S.A.*(2)

    438,334  
   

 

 

 
      22,781,056  
   

 

 

 
      Sweden - 2.7%  
  305,485    

Assa Abloy AB Class B

    6,547,296  
 

 

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

 

 

  37  

 


Hartford International Equity Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
COMMON STOCKS - 96.6% - (continued)  
      Sweden - 2.7% - (continued)  
  59,105    

Atlas Copco AB Class A

  $ 2,608,963  
  63,309    

Atlas Copco AB Class B

    2,425,734  
  218,092    

Sandvik AB*

    3,887,509  
  10,467    

Spotify Technology S.A.*

    2,510,929  
  41,256    

Swedish Match AB

    3,101,732  
   

 

 

 
      21,082,163  
   

 

 

 
      Switzerland - 6.8%  
  33,184    

Adecco Group AG

    1,627,142  
  42,493    

GAM Holding AG*

    68,677  
  4,453    

Implenia AG

    89,315  
  110,997    

Julius Baer Group Ltd.

    4,939,947  
  21,597    

Kuehne + Nagel International AG

    4,316,442  
  41,012    

LafargeHolcim Ltd.*

    1,760,220  
  7,048    

Lonza Group AG

    4,270,454  
  40,301    

Nestle S.A.

    4,532,971  
  106,727    

Novartis AG

    8,316,443  
  4,439    

Partners Group Holding AG

    3,996,457  
  15,590    

Roche Holding AG

    5,009,556  
  20,205    

Schindler Holding AG

    5,175,818  
  1,552    

SGS S.A.

    3,876,602  
  11,727    

Temenos AG

    1,260,320  
  180,185    

UBS Group AG

    2,097,708  
  20,020    

Vifor Pharma AG

    2,253,165  
   

 

 

 
      53,591,237  
   

 

 

 
      Taiwan - 5.0%  
  751,018    

Acer, Inc.

    627,644  
  251,879    

Advantech Co., Ltd.

    2,549,987  
  765,000    

ASE Technology Holding, Co., Ltd.

    1,717,092  
  565,524    

Chailease Holding Co., Ltd.

    2,747,253  
  1,639,832    

Compal Electronics, Inc.

    1,068,348  
  4,717,754    

CTBC Financial Holding Co., Ltd.

    2,979,308  
  351,531    

Foxconn Technology Co., Ltd.

    616,509  
  79,000    

Globalwafers Co., Ltd.

    1,150,420  
  113,000    

Hiwin Technologies Corp.

    985,966  
  1,284,745    

Hon Hai Precision Industry Co., Ltd.

    3,484,396  
  1,454,005    

Innolux Corp.*

    504,668  
  359,602    

MediaTek, Inc.

    8,547,833  
  1,295,362    

Shin Kong Financial Holding Co., Ltd.

    360,816  
  524,259    

Taiwan Semiconductor Manufacturing Co., Ltd.

    7,931,867  
  1,346,974    

Uni-President Enterprises Corp.

    2,887,322  
  69,000    

Yageo Corp.

    859,588  
   

 

 

 
      39,019,017  
   

 

 

 
      Thailand - 0.6%  
  1,623,151    

CP ALL PCL*

    2,786,190  
  172,387    

Kasikornbank PCL NVDR

    420,969  
  519,504    

Kasikornbank PCL

    1,251,158  
  8,043,400    

WHA Corp. PCL

    614,207  
   

 

 

 
      5,072,524  
   

 

 

 
      Turkey - 0.1%  
  123,936    

Anadolu Efes Biracilik Ve Malt Sanayii AS

    287,946  
  71,296    

Coca-Cola Icecek AS*

    383,010  
   

 

 

 
      670,956  
   

 

 

 
      United Kingdom - 7.7%  
  47,104    

Anglo American plc

    1,105,209  
  91,781    

AstraZeneca plc

    9,215,314  
  444,210    

Auto Trader Group plc(2)

    3,339,760  
  148,572    

Babcock International Group plc

    418,540  
  368,275    

BAE Systems plc

    1,893,077  
  616,448    

BP plc

    1,572,364  
  87,107    

British Land Co. plc REIT

    393,368  
  532,678    

BT Group plc

    699,592  
  702,027    

Centrica plc*

    338,094  
Shares or Principal Amount   Market Value  
COMMON STOCKS - 96.6% - (continued)  
      United Kingdom - 7.7% - (continued)  
  143,466    

Compass Group plc

  $ 1,963,724  
  73,761    

Diageo plc

    2,383,797  
  17,631    

Go-Ahead Group plc

    133,768  
  127,471    

Halfords Group plc

    397,158  
  452,447    

Hays plc*

    624,766  
  466,427    

J Sainsbury plc

    1,217,479  
  387,767    

Kingfisher plc*

    1,442,099  
  58,881    

Land Securities Group plc REIT

    388,498  
  263,094    

Marks & Spencer Group plc

    303,105  
  367,921    

National Grid plc

    4,376,599  
  124,571    

Pagegroup plc*

    577,108  
  138,451    

Provident Financial plc*

    416,921  
  136,984    

Prudential plc

    1,675,382  
  57,426    

Reckitt Benckiser Group plc

    5,058,571  
  406,989    

Sage Group plc

    3,348,673  
  232,141    

SIG plc*

    72,208  
  427,061    

Smith & Nephew plc

    7,415,543  
  196,117    

Smiths Group plc

    3,379,093  
  227,074    

Standard Chartered plc*

    1,037,684  
  81,742    

SThree plc

    260,506  
  65,990    

Unilever N.V.(1)

    3,720,103  
  134,857    

WPP plc

    1,077,141  
   

 

 

 
      60,245,244  
   

 

 

 
      United States - 0.2%  
  727,000    

Allstar Co.(3)(4)

    610,680  
  5,907    

JAND, Inc. Class A*(3)(4)(5)

    130,663  
  28,626    

Ovintiv, Inc.(1)

    263,635  
  16,188    

Tory Burch LLC*(3)(4)(5)

    667,911  
   

 

 

 
      1,672,889  
   

 

 

 
 

Total Common Stocks
(cost $741,905,182)

  $ 757,578,625  
   

 

 

 
EXCHANGE-TRADED FUNDS - 0.0%  
      Other Investment Pools & Funds - 0.0%  
  4,641    

iShares Core MSCI EAFE ETF

  $ 269,921  
   

 

 

 
 

Total Exchange-Traded Funds
(cost $209,718)

  $ 269,921  
   

 

 

 
PREFERRED STOCKS - 0.5%  
      Brazil - 0.5%  
  225,600    

Itau Unibanco Holding S.A.

  $ 923,167  
  1,813,500    

Itausa - Investimentos Itau S.A.

    2,872,928  
   

 

 

 
      3,796,095  
   

 

 

 
 

Total Preferred Stocks
(cost $3,927,999)

  $ 3,796,095  
   

 

 

 
ESCROWS - 0.0%(6)  
      United States - 0.0%  
  46,766    

One Kings Lane, Inc.*(3)(4)(5)

  $ 7,483  
  28,813    

Veracode, Inc.*(3)(4)(5)

    19,333  
   

 

 

 
      26,816  
   

 

 

 
 

Total Escrows
(cost $ - )

  $ 26,816  
   

 

 

 
CONVERTIBLE PREFERRED STOCKS - 0.5%  
      United States - 0.5%  
  11,296    

Airbnb, Inc. Series E*(3)(4)(5)

  $ 471,325  
  135,133    

Coupang LLC*(3)(4)(5)

    1,159,441  
  243,469    

Essence Group Holdings Corp. Series 3*(3)(4)(5)

    564,848  
  13,926    

Honest Co., Inc. Series C*(3)(4)(5)

    491,031  
  13,190    

JAND, Inc. Series D*(3)(4)(5)

    295,720  
 

 

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

 

 

  38  

 


Hartford International Equity Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CONVERTIBLE PREFERRED STOCKS - 0.5% - (continued)  
      United States - 0.5% - (continued)  
  38,688    

Lookout, Inc. Series F*(3)(4)(5)

  $ 335,812  
  15,711    

Rubicon Global Holdings LLC Series C*(3)(4)(5)

    251,847  
  18,160    

We Co. Series D1*(3)(4)(5)

    142,193  
  15,935    

We Co. Series D2*(3)(4)(5)

    124,771  
   

 

 

 
      3,836,988  
   

 

 

 
 

Total Convertible Preferred Stocks
(cost $3,183,029)

  $ 3,836,988  
   

 

 

 
 

Total Long-Term Investments
(cost $749,225,928)

  $ 765,508,445  
   

 

 

 
SHORT-TERM INVESTMENTS - 2.3%  
      Repurchase Agreements - 1.3%  
  10,271,165    

Fixed Income Clearing Corp. Repurchase Agreement dated 10/30/2020 at 0.060%, due on 11/02/2020 with a maturity value of $10,271,216; collateralized by U.S. Treasury Note at 2.875%, maturing 05/15/2028, with a market value of $10,476,641

  $ 10,271,165  
   

 

 

 
      Securities Lending Collateral - 1.0%  
  7,702,573    

Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 0.02%(7)

    7,702,573  
  7,774    

Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 0.03%(7)

    7,774  
   

 

 

 
      7,710,347  
   

 

 

 
 

Total Short-Term Investments
(cost $17,981,512)

  $ 17,981,512  
   

 

 

 
 
 

Total Investments
(cost $767,207,440)

    99.9    $ 783,489,957  
 

Other Assets and Liabilities

    0.1      731,943  
   

 

 

    

 

 

 
 

Total Net Assets

    100.0    $ 784,221,900  
   

 

 

    

 

 

 

 

Note:

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

 

    

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

 

    

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

 

    

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

    

See “Glossary” for abbreviation descriptions.

 

*

Non-income producing.

 

(1)

Represents entire or partial securities on loan. See Note 9 in the accompanying Notes to Financial Statements for securities lending information.

 

(2)

Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions that are exempt from registration (typically only to qualified institutional buyers) or in a public offering registered under the Securities Act of 1933. At October 31, 2020, the aggregate value of these securities was $29,511,449, representing 3.8% of net assets.

 

(3)

These securities are valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At October 31, 2020, the aggregate fair value of these securities was $5,273,058, which represented 0.7% of total net assets. This amount excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors.

 

(4)

Investment in securities not registered under the Securities Act of 1933 (excluding securities acquired pursuant to Rule 144A and Regulation S). At the end of the period, the value of such restricted securities amounted to $5,273,058 or 0.7% of net assets.

 

Period
Acquired
    

Security Name

   Shares      Total Cost      Market Value  
  06/2015      Airbnb, Inc. Series E Convertible Preferred      11,296      $ 525,797      $ 471,325  
  08/2011      Allstar Co.      727,000        316,259        610,680  
  11/2014      Coupang LLC Convertible Preferred      135,133        420,686        1,159,441  
  05/2014      Essence Group Holdings Corp. Series 3 Convertible Preferred      243,469        384,998        564,848  
  08/2014      Honest Co., Inc. Series C Convertible Preferred      13,926        376,800        491,031  
  04/2015      JAND, Inc. Class A      5,907        67,844        130,663  
  04/2015      JAND, Inc. Series D Convertible Preferred      13,190        151,491        295,720  
  07/2014      Lookout, Inc. Series F Convertible Preferred      38,688        441,937        335,812  
  08/2014      One Kings Lane, Inc.      46,766               7,483  
  09/2015      Rubicon Global Holdings LLC Series C Convertible Preferred      15,711        313,599        251,847  
  11/2013      Tory Burch LLC      16,188        1,268,749        667,911  
  04/2017      Veracode, Inc.      28,813               19,333  
  12/2014      We Co. Series D1 Convertible Preferred      18,160        302,385        142,193  
  12/2014      We Co. Series D2 Convertible Preferred      15,935        265,336        124,771  
        

 

 

    

 

 

 
         $     4,835,881      $     5,273,058  
        

 

 

    

 

 

 

 

(5) 

Investment valued using significant unobservable inputs.

 

(6) 

Share amount represents shares of the issuer previously held that resulted in receipt of the escrow.

 

(7) 

Current yield as of period end.

 

 

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

 

 

  39  

 


Hartford International Equity Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Futures Contracts Outstanding at October 31, 2020  

Description

   Number of
Contracts
     Expiration
Date
     Current
Notional
Amount
     Value and
Unrealized
Appreciation/
(Depreciation)
 
Long position contracts:  

SPI 200 Future

     77        12/17/2020      $     7,969,659      $ (174,025
           

 

 

 

Total futures contracts

 

   $     (174,025
           

 

 

 

 

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

Fair Value Summary

The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.

 

Description

   Total      Level 1      Level 2      Level 3(1)  

Assets

 

Common Stocks

 

Argentina

   $ 141,870      $ 141,870      $      $     —  

Australia

     9,714,200        302,403        9,411,797         

Austria

     736,207        268,632        467,575         

Belgium

     5,558,444               5,558,444         

Brazil

     14,403,014        14,403,014                

Canada

     40,612,191        40,612,191                

China

     83,049,669              25,273,663        57,776,006         

Denmark

     10,678,086               10,678,086         

Finland

     1,194,347               1,194,347         

France

     71,120,142        1,573,544        69,546,598         

Germany

     34,505,651        217,083        34,288,568         

Greece

     1,772,175               1,772,175         

Hong Kong

     33,217,066               33,217,066         

Hungary

     427,664               427,664         

India

     12,488,011        1,375,519        11,112,492         

Indonesia

     3,137,161               3,137,161         

Ireland

     12,136,226               12,136,226         

Italy

     15,658,203               15,658,203         

Japan

         112,045,175                   112,045,175         

Luxembourg

     749,034               749,034         

Malaysia

     3,726,107               3,726,107         

Mexico

     2,826,403        2,826,403                

Monaco

     557,226        557,226                

Netherlands

     29,502,398        2,076,280        27,426,118         

New Zealand

     3,089,356               3,089,356         

Norway

     963,331               963,331         

Philippines

     2,495,970               2,495,970         

Portugal

     2,252,009               2,252,009         

Russia

     8,615,748        6,990,385        1,625,363         

South Africa

     1,950,116        784,487        1,165,629         

South Korea

     34,120,339               34,120,339         

Spain

     22,781,056               22,781,056         

Sweden

     21,082,163        2,510,929        18,571,234         

Switzerland

     53,591,237               53,591,237         

Taiwan

     39,019,017               39,019,017         

Thailand

     5,072,524        3,400,397        1,672,127         

Turkey

     670,956               670,956         

United Kingdom

     60,245,244        657,664        59,587,580         

United States

     1,672,889        263,635        610,680        798,574  

Exchange-Traded Funds

     269,921        269,921                

Preferred Stocks

     3,796,095        3,796,095                

Escrows

     26,816                      26,816  

 

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

 

 

  40  

 


Hartford International Equity Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Description

   Total     Level 1     Level 2      Level 3(1)  

Convertible Preferred Stocks

   $ 3,836,988     $     $      $ 3,836,988  

Short-Term Investments

     17,981,512       7,710,347       10,271,165         
  

 

 

   

 

 

   

 

 

    

 

 

 

Total

   $     783,489,957     $     116,011,688     $     662,815,891      $     4,662,378  
  

 

 

   

 

 

   

 

 

    

 

 

 

Liabilities

 

Futures Contracts(2)

   $ (174,025   $ (174,025   $      $  
  

 

 

   

 

 

   

 

 

    

 

 

 

Total

   $ (174,025   $ (174,025   $      $  
  

 

 

   

 

 

   

 

 

    

 

 

 

 

(1)

For the year ended October 31, 2020, investments valued at $167,210 were transferred out of Level 3 due to the initiation of a vendor providing prices that are based on market activity which has been determined to be significant observable input and there were no transfers in to Level 3.

 

(2)

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

Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for year ended October 31, 2020 is not presented.

 

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

 

 

  41  

 


The Hartford International Growth Fund

Schedule of Investments

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
COMMON STOCKS - 99.1%  
      Brazil - 1.6%  
  233,802    

Pagseguro Digital Ltd. Class A*

  $ 8,559,491  
   

 

 

 
      Canada - 3.6%  
  113,668    

Canadian National Railway Co.

    11,291,721  
  9,123    

Shopify, Inc. Class A*

    8,442,698  
   

 

 

 
      19,734,419  
   

 

 

 
      China - 12.7%  
  104,646    

Alibaba Group Holding Ltd. ADR*

    31,884,590  
  1,063,596    

Ping An Insurance Group Co., of China Ltd. Class H

    10,997,235  
  338,047    

Tencent Holdings Ltd.

    25,828,687  
   

 

 

 
      68,710,512  
   

 

 

 
      Denmark - 2.5%  
  83,354    

DSV Panalpina A/S

    13,523,472  
   

 

 

 
 

France - 10.3%

 

  144,014    

Airbus SE*

    10,536,934  
  35,949    

L’Oreal S.A.

    11,618,188  
  106,574    

Schneider Electric SE

    12,949,424  
  113,929    

UBISOFT Entertainment S.A.*

    10,063,734  
  144,314    

Worldline S.A.*(1)

    10,688,825  
   

 

 

 
      55,857,105  
   

 

 

 
      Germany - 7.4%  
  467,932    

Infineon Technologies AG

    13,027,778  
  71,305    

Volkswagen AG

    10,386,576  
  179,641    

Zalando SE*(1)

    16,728,956  
   

 

 

 
      40,143,310  
   

 

 

 
      Hong Kong - 1.8%  
  2,713,834    

Sands China Ltd.

    9,524,475  
   

 

 

 
      Ireland - 1.5%  
  46,202    

Flutter Entertainment plc*

    8,004,532  
   

 

 

 
      Italy - 6.1%  
  1,051,446    

Davide Campari-Milano N.V.(2)

    10,989,035  
  61,328    

Ferrari N.V.

    10,940,658  
  271,686    

Moncler S.p.A.*

    10,870,617  
   

 

 

 
      32,800,310  
   

 

 

 
      Japan - 7.4%  
  105,985    

Eisai Co., Ltd.

    8,240,707  
  80,389    

GMO Payment Gateway, Inc.

    9,849,940  
  77,762    

Shin-Etsu Chemical Co., Ltd.

    10,386,418  
  179,305    

SoftBank Group Corp.

    11,678,811  
   

 

 

 
      40,155,876  
   

 

 

 
      Netherlands - 6.6%  
  6,607    

Adyen N.V.*(1)

    11,104,670  
  38,914    

ASML Holding N.V.

    14,079,197  
  122,079    

Heineken N.V.

    10,806,134  
   

 

 

 
      35,990,001  
   

 

 

 
      New Zealand - 1.5%  
  863,190    

a2 Milk Co., Ltd.*

    8,294,328  
   

 

 

 
      Russia - 1.6%  
  155,231    

Yandex N.V. Class A*

    8,936,649  
   

 

 

 
      South Korea - 2.5%  
  269,749    

Samsung Electronics Co., Ltd.

    13,559,098  
   

 

 

 
      Spain - 7.0%  
  439,935    

Cellnex Telecom S.A.(1)

    28,239,847  
  391,818    

Industria de Diseno Textil S.A.(2)

    9,673,722  
   

 

 

 
      37,913,569  
   

 

 

 
      Sweden - 5.0%      
  474,128    

Assa Abloy AB Class B

  $ 10,161,732  
  585,536    

Sandvik AB*

    10,437,230  
Shares or Principal Amount   Market Value  
COMMON STOCKS - 99.1% - (continued)  
      Sweden - 5.0% - (continued)      
  28,101    

Spotify Technology S.A.*

  $ 6,741,149  
   

 

 

 
      27,340,111  
   

 

 

 
      Switzerland - 8.2%      
  260,991    

Julius Baer Group Ltd.

    11,615,465  
  18,922    

Lonza Group AG

    11,465,029  
  136,842    

Novartis AG

    10,663,082  
  11,918    

Partners Group Holding AG

    10,729,844  
   

 

 

 
      44,473,420  
   

 

 

 
      Taiwan - 6.9%      
  688,791    

MediaTek, Inc.

    16,372,741  
  1,407,536    

Taiwan Semiconductor Manufacturing Co., Ltd.

    21,295,560  
   

 

 

 
      37,668,301  
   

 

 

 
      United Kingdom - 4.9%      
  159,101    

AstraZeneca plc

    15,974,610  
  598,627    

Smith & Nephew plc

    10,394,637  
   

 

 

 
      26,369,247  
   

 

 

 
 

Total Common Stocks
(cost $489,653,633)

  $ 537,558,226  
   

 

 

 
SHORT-TERM INVESTMENTS - 2.1%  
      Repurchase Agreements - 0.8%      
  4,144,488    

Fixed Income Clearing Corp. Repurchase Agreement dated 10/30/2020 at 0.060%, due on 11/02/2020 with a maturity value of $4,144,509; collateralized by U.S. Treasury Note at 0.125%, maturing 07/15/2030, with a market value of $4,227,387

    4,144,488  
   

 

 

 
      Securities Lending Collateral - 1.3%      
  7,075,963    

Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 0.02%(3)

    7,075,963  
  7,141    

Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 0.03%(3)

    7,141  
   

 

 

 
      7,083,104  
   

 

 

 
 

Total Short-Term Investments
(cost $11,227,592)

  $ 11,227,592  
   

 

 

 
 

Total Investments
(cost $500,881,225)

    101.2    $ 548,785,818  
 

Other Assets and Liabilities

    (1.2 )%       (6,699,081
   

 

 

    

 

 

 
 

Total Net Assets

    100.0    $ 542,086,737  
   

 

 

    

 

 

 

 

Note:

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

 

    

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

 

    

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

 

    

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

    

See “Glossary” for abbreviation descriptions.

 

*

Non-income producing.

 

 

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

 

 

  42  

 


The Hartford International Growth Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

(1) 

Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions that are exempt from registration (typically only to qualified institutional buyers) or in a public offering registered under the Securities Act of 1933. At October 31, 2020, the aggregate value of these securities was $66,762,298, representing 12.3% of net assets.

 

(2)

Represents entire or partial securities on loan. See Note 9 in the accompanying Notes to Financial Statements for securities lending information.

(3)

Current yield as of period end.

 

 

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

 

 

Fair Value Summary

The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.

 

Description

   Total      Level 1      Level 2      Level 3(1)  

Assets

 

Common Stocks

 

Brazil

   $ 8,559,491      $ 8,559,491      $      $  

Canada

     19,734,419        19,734,419                

China

     68,710,512        31,884,590        36,825,922         

Denmark

     13,523,472               13,523,472         

France

     55,857,105               55,857,105         

Germany

     40,143,310               40,143,310         

Hong Kong

     9,524,475               9,524,475         

Ireland

     8,004,532               8,004,532         

Italy

     32,800,310        1,547,436        31,252,874         

Japan

     40,155,876               40,155,876         

Netherlands

     35,990,001               35,990,001         

New Zealand

     8,294,328               8,294,328         

Russia

     8,936,649        8,936,649                

South Korea

     13,559,098               13,559,098         

Spain

     37,913,569               37,913,569         

Sweden

     27,340,111        6,741,149        20,598,962         

Switzerland

     44,473,420               44,473,420         

Taiwan

     37,668,301               37,668,301         

United Kingdom

     26,369,247               26,369,247         

Short-Term Investments

     11,227,592        7,083,104        4,144,488         
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $     548,785,818      $     84,486,838      $     464,298,980      $     —  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(1) 

For the year ended October 31, 2020, there were no transfers in and out of Level 3.

 

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

 

 

  43  

 


The Hartford International Opportunities Fund

Schedule of Investments

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
COMMON STOCKS - 98.9%  
      Argentina - 0.9%  
  27,324    

MercadoLibre, Inc.*

  $ 33,172,703  
   

 

 

 
      Australia - 2.1%  
  3,023,842    

Goodman Group REIT

    39,138,054  
  10,432,611    

Sydney Airport

    39,999,476  
   

 

 

 
      79,137,530  
   

 

 

 
      Belgium - 1.1%  
  293,328    

KBC Group N.V.

    14,492,402  
  251,035    

UCB S.A.

    24,795,112  
   

 

 

 
      39,287,514  
   

 

 

 
      Brazil - 2.0%  
  2,920,324    

Localiza Rent a Car S.A.

    30,883,026  
  415,624    

StoneCo Ltd. Class A*

    21,836,885  
  502,500    

XP, Inc. Class A*

    20,140,200  
   

 

 

 
      72,860,111  
   

 

 

 
      Canada - 5.3%  
  1,269,614    

Alimentation Couche-Tard, Inc. Class B

    39,099,499  
  495,497    

Barrick Gold Corp.

    13,247,469  
  1,694,883    

Brookfield Asset Management, Inc. Class A

    50,364,346  
  755,215    

Canadian National Railway Co.

    75,022,672  
  22,612    

Shopify, Inc. Class A*

    20,925,823  
   

 

 

 
      198,659,809  
   

 

 

 
      China - 16.8%  
  290,100    

Alibaba Group Holding Ltd.*

    10,993,004  
  515,564    

Alibaba Group Holding Ltd. ADR*

    157,087,195  
  393,800    

China Tourism Group Duty Free Corp. Ltd. Class A

    11,739,543  
  4,105,684    

ENN Energy Holdings Ltd.

    51,961,948  
  3,613,097    

Han’s Laser Technology Industry Group Co., Ltd. Class A

    21,753,677  
  952,791    

Hangzhou Tigermed Consulting Co., Ltd. Class A

    17,697,261  
  327,000    

Hangzhou Tigermed Consulting Co., Ltd. Class H*(1)

    5,251,403  
  1,290,600    

Hualan Biological Engineering, Inc. Class A

    9,885,979  
  742,034    

Meituan Dianping Class B*

    27,662,403  
  247,638    

New Oriental Education & Technology Group, Inc. ADR*

    39,716,183  
  1,154,646    

Shanghai International Airport Co., Ltd. Class A

    11,422,811  
  402,900    

Shenzhen Mindray Bio-Medical Electronics Co., Ltd. Class A

    23,322,250  
  227,837    

TAL Education Group ADR*

    15,142,047  
  2,273,492    

Tencent Holdings Ltd.

    173,707,539  
  993,545    

WuXi AppTec Co., Ltd. Class H(1)(2)

    15,885,095  
  767,195    

Wuxi Biologics Cayman, Inc.*(1)

    21,545,681  
  384,989    

XPeng, Inc. ADR*(2)

    7,461,087  
   

 

 

 
      622,235,106  
   

 

 

 
      Denmark - 2.7%  
  130,284    

Ascendis Pharma A/S ADR*

    21,281,891  
  238,126    

DSV Panalpina A/S

    38,633,903  
  71,444    

Genmab A/S*

    23,864,071  
  86,075    

Vestas Wind Systems A/S

    14,767,373  
   

 

 

 
      98,547,238  
   

 

 

 
      France - 9.9%  
  513,863    

Airbus SE*

    37,597,319  
  995,238    

AXA S.A.

    15,982,823  
  834,964    

BNP Paribas S.A.*

    29,119,173  
  763,509    

Edenred

    35,590,160  
  40,726    

Hermes International

    37,919,970  
  183,447    

L’Oreal S.A.

    59,287,371  
  381,654    

Safran S.A.*

    40,256,823  
  500,723    

Schneider Electric SE(2)

    60,841,056  
  661,692    

Worldline S.A.*(1)

    49,009,176  
   

 

 

 
      365,603,871  
   

 

 

 
Shares or Principal Amount   Market Value  
COMMON STOCKS - 98.9% - (continued)  
      Germany - 5.9%  
  189,533    

adidas AG*

  $ 56,311,176  
  274,187    

Allianz SE

    48,299,300  
  2,101,326    

Infineon Technologies AG

    58,503,388  
  590,732    

Zalando SE*(1)

    55,011,549  
   

 

 

 
      218,125,413  
   

 

 

 
      Hong Kong - 2.4%  
  3,209,832    

AIA Group Ltd.

    30,548,528  
  4,750,000    

Alibaba Health Information Technology Ltd.*

    12,456,545  
  3,546,818    

Techtronic Industries Co., Ltd.

    47,773,305  
   

 

 

 
      90,778,378  
   

 

 

 
      Ireland - 2.0%  
  1,013,756    

CRH plc

    35,574,318  
  1,038,232    

Experian plc

    38,034,472  
   

 

 

 
      73,608,790  
   

 

 

 
      Italy - 1.7%  
  344,890    

Ferrari N.V.

    61,525,563  
   

 

 

 
      Japan - 13.6%  
  874,400    

Daiichi Sankyo Co., Ltd.

    23,078,595  
  241,120    

Daikin Industries Ltd.

    45,121,562  
  259,700    

Eisai Co., Ltd.

    20,192,591  
  352,300    

Hoya Corp.

    39,759,483  
  665,400    

KDDI Corp.

    18,002,390  
  139,820    

Keyence Corp.

    63,453,461  
  6,469    

LaSalle Logiport REIT

    10,070,714  
  936,835    

Nexon Co., Ltd.

    26,110,430  
  150,100    

Oriental Land Co., Ltd.

    21,010,693  
  1,265,770    

Recruit Holdings Co., Ltd.

    48,163,366  
  359,800    

SoftBank Group Corp.

    23,435,131  
  349,125    

Sysmex Corp.

    32,792,869  
  410,240    

Terumo Corp.

    15,098,463  
  1,297,344    

Tokio Marine Holdings, Inc.

    57,984,421  
  142,900    

Tokyo Electron Ltd.

    38,355,906  
  442,100    

Unicharm Corp.

    20,456,365  
   

 

 

 
      503,086,440  
   

 

 

 
      Netherlands - 2.1%  
  90,628    

Argenx SE ADR*

    22,487,526  
  158,419    

ASML Holding N.V.

    57,316,450  
   

 

 

 
      79,803,976  
   

 

 

 
      Russia - 0.4%  
  241,873    

Yandex N.V. Class A*

    13,924,629  
   

 

 

 
      South Korea - 2.5%  
  1,877,404    

Samsung Electronics Co., Ltd.

    94,368,854  
   

 

 

 
      Spain - 4.0%  
  1,176,580    

Cellnex Telecom S.A.(1)

    75,525,792  
  6,201,936    

Iberdrola S.A.

    73,229,834  
   

 

 

 
      148,755,626  
   

 

 

 
      Sweden - 2.6%  
  1,315,478    

EQT AB

    24,995,595  
  2,503,650    

Sandvik AB*

    44,627,779  
  110,749    

Spotify Technology S.A.*

    26,567,578  
   

 

 

 
      96,190,952  
   

 

 

 
      Switzerland - 8.4%  
  96,213    

Lonza Group AG

    58,296,421  
  834,358    

Nestle S.A.

    93,846,826  
  72,017    

Novartis AG

    5,611,751  
  30,731    

Partners Group Holding AG

    27,667,295  
  201,469    

Roche Holding AG

    64,738,304  
  637,516    

TE Connectivity Ltd.

    61,762,550  
   

 

 

 
      311,923,147  
   

 

 

 
 

 

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

 

 

  44  

 


The Hartford International Opportunities Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
COMMON STOCKS - 98.9% - (continued)  
      Taiwan - 3.0%  
  1,641,057    

MediaTek, Inc.

  $ 39,008,352  
  4,819,044    

Taiwan Semiconductor Manufacturing Co., Ltd.

    72,910,562  
   

 

 

 
      111,918,914  
   

 

 

 
      United Kingdom - 9.3%  
  3,024,336    

Anglo American plc

    70,960,516  
  510,029    

AstraZeneca plc

    51,209,701  
  203,012    

Berkeley Group Holdings plc

    10,674,023  
  246,970    

Diageo plc

    7,981,538  
  1,735,845    

Intermediate Capital Group plc

    26,366,310  
  534,963    

London Stock Exchange Group plc

    57,667,846  
  1,255,506    

Rio Tinto plc

    71,013,128  
  4,301,460    

Segro plc REIT

    50,261,236  
   

 

 

 
      346,134,298  
   

 

 

 
      United States - 0.2%  
  230,563    

Royalty Pharma plc Class A

    8,461,662  
   

 

 

 
 

Total Common Stocks
(cost $2,940,283,427)

  $ 3,668,110,524  
   

 

 

 
EXCHANGE-TRADED FUNDS - 0.1%  
      Other Investment Pools & Funds - 0.1%      
  77,628    

iShares MSCI ACWI ex U.S. ETF(2)

    3,497,141  
   

 

 

 
 

Total Exchange-Traded Funds
(cost $3,561,899)

  $ 3,497,141  
   

 

 

 
 

Total Long-Term Investments
(cost $2,943,845,326)

  $ 3,671,607,665  
   

 

 

 
SHORT-TERM INVESTMENTS - 0.4%  
      Repurchase Agreements - 0.2%  
  9,312,687    

Fixed Income Clearing Corp. Repurchase Agreement dated 10/30/2020 at 0.060%, due on 11/02/2020 with a maturity value of $9,312,734; collateralized by U.S. Treasury Note at 2.250%, maturing 11/15/2027, with a market value of $9,499,018

    9,312,687  
   

 

 

 
      Securities Lending Collateral - 0.2%      
  5,708,215    

Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 0.02%(3)

    5,708,215  
  5,761    

Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 0.03%(3)

    5,761  
   

 

 

 
      5,713,976  
   

 

 

 
 

Total Short-Term Investments
(cost $15,026,663)

  $ 15,026,663  
   

 

 

 
 

Total Investments
(cost $2,958,871,989)

    99.4    $ 3,686,634,328  
 

Other Assets and Liabilities

    0.6      21,290,596  
   

 

 

    

 

 

 
 

Total Net Assets

    100.0    $ 3,707,924,924  
   

 

 

    

 

 

 

 

Note:

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

 

    

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

    

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

 

    

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

    

See “Glossary” for abbreviation descriptions.

 

*

Non-income producing.

 

(1)

Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions that are exempt from registration (typically only to qualified institutional buyers) or in a public offering registered under the Securities Act of 1933. At October 31, 2020, the aggregate value of these securities was $222,228,696, representing 6.0% of net assets.

 

(2)

Represents entire or partial securities on loan. See Note 9 in the accompanying Notes to Financial Statements for securities lending information.

 

(3)

Current yield as of period end.

 

 

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

 

 

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

 

 

  45  

 


The Hartford International Opportunities Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Fair Value Summary

The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.

 

Description

   Total      Level 1      Level 2      Level 3(1)  

Assets

 

Common Stocks

 

Argentina

   $ 33,172,703      $ 33,172,703      $      $  

Australia

     79,137,530               79,137,530         

Belgium

     39,287,514               39,287,514         

Brazil

     72,860,111        72,860,111                

Canada

     198,659,809        198,659,809                

China

     622,235,106        224,657,915        397,577,191         

Denmark

     98,547,238        21,281,891        77,265,347         

France

     365,603,871               365,603,871         

Germany

     218,125,413               218,125,413         

Hong Kong

     90,778,378               90,778,378         

Ireland

     73,608,790               73,608,790         

Italy

     61,525,563               61,525,563         

Japan

     503,086,440               503,086,440         

Netherlands

     79,803,976        22,487,526        57,316,450         

Russia

     13,924,629        13,924,629                

South Korea

     94,368,854               94,368,854         

Spain

     148,755,626               148,755,626         

Sweden

     96,190,952        26,567,578        69,623,374         

Switzerland

     311,923,147        61,762,550        250,160,597         

Taiwan

     111,918,914               111,918,914         

United Kingdom

     346,134,298               346,134,298         

United States

     8,461,662        8,461,662                

Exchange-Traded Funds

     3,497,141        3,497,141                

Short-Term Investments

     15,026,663        5,713,976        9,312,687         
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $     3,686,634,328      $     693,047,491      $     2,993,586,837      $     —  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(1) 

For the year ended October 31, 2020, there were no transfers in and out of Level 3.

 

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

 

 

  46  

 


The Hartford International Value Fund

Schedule of Investments

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
COMMON STOCKS - 96.2%  
      Argentina - 0.1%  
  305,339    

YPF S.A. ADR*

  $ 983,192  
   

 

 

 
      Australia - 0.7%  
  1,609,318    

OceanaGold Corp.*

    2,101,789  
  2,628,736    

Resolute Mining Ltd.*

    1,492,990  
  2,005,727    

Western Areas Ltd.

    2,709,816  
   

 

 

 
      6,304,595  
   

 

 

 
      Austria - 0.5%  
  157,722    

Erste Group Bank AG*

    3,242,049  
  348,370    

Zumtobel Group AG

    1,947,500  
   

 

 

 
      5,189,549  
   

 

 

 
      Belgium - 1.4%  
  152,591    

Ageas S.A.

    6,144,693  
  559,936    

AGFA-Gevaert N.V.*

    2,128,954  
  200,629    

bpost S.A.*

    1,777,852  
  207,630    

Orange Belgium S.A.

    3,460,148  
   

 

 

 
      13,511,647  
   

 

 

 
      Canada - 3.7%  
  1,046,260    

Advantage Oil & Gas Ltd.*(1)

    1,727,668  
  529,673    

ARC Resources Ltd.

    2,608,012  
  357,890    

Barrick Gold Corp.

    9,568,447  
  333,340    

Cameco Corp.

    3,167,518  
  315,784    

Centerra Gold, Inc.

    2,758,933  
  281,129    

Eldorado Gold Corp.*

    3,522,546  
  436,986    

IAMGOLD Corp.*

    1,603,739  
  628,092    

Kinross Gold Corp.

    5,005,893  
  162,625    

Tourmaline Oil Corp.

    2,106,813  
  1,500,067    

Trican Well Service Ltd.*(1)

    1,306,071  
  666,174    

Uranium Participation Corp.*

    2,000,072  
   

 

 

 
      35,375,712  
   

 

 

 
      China - 1.9%  
  10,755,454    

361 Degrees International Ltd.

    1,320,581  
  13,177,098    

China BlueChemical Ltd. Class H

    1,874,250  
  7,136,017    

China Machinery Engineering Corp. Class H

    1,374,278  
  21,521,780    

China Telecom Corp. Ltd. Class H

    6,755,887  
  10,446,843    

Dongfeng Motor Group Co., Ltd. Class H

    7,359,022  
   

 

 

 
      18,684,018  
   

 

 

 
      Denmark - 1.7%  
  7,571    

AP Moller - Maersk A/S Class B

    12,133,546  
  300,018    

D/S Norden A/S

    4,266,145  
  16,444    

Drilling Co.*(1)

    310,637  
   

 

 

 
      16,710,328  
   

 

 

 
      Finland - 0.9%  
  2,455,177    

Nokia Oyj*

    8,276,883  
   

 

 

 
      France - 10.8%  
  556,830    

AXA S.A.

    8,942,298  
  272,358    

BNP Paribas S.A.*

    9,498,421  
  397,941    

Cie de Saint-Gobain*

    15,501,198  
  220,305    

Criteo S.A. ADR*

    3,780,434  
  4,036    

Dassault Aviation S.A.*

    3,376,745  
  830,732    

Engie S.A.*

    10,047,331  
  103,283    

Imerys S.A.

    3,087,224  
  280,572    

Metropole Television S.A.*

    3,081,938  
  216,719    

Quadient

    2,824,173  
  169,737    

Renault S.A.*

    4,203,669  
  674,657    

Rexel S.A.*

    7,103,238  
  171,881    

SCOR SE*

    4,174,172  
  370,019    

Societe Generale S.A.*

    5,027,785  
  10,580    

Sopra Steria Group*

    1,258,084  
  736,396    

Television Francaise 1 S.A.*

    4,322,524  
  480,743    

Total SE

    14,564,931  
Shares or Principal Amount   Market Value  
COMMON STOCKS - 96.2% - (continued)  
      France - 10.8% - (continued)  
  91,190    

Vicat S.A.

  $ 2,803,797  
   

 

 

 
      103,597,962  
   

 

 

 
      Germany - 2.5%  
  745,422    

CECONOMY AG*

    3,296,734  
  266,658    

Daimler AG

    13,783,148  
  79,548    

Hamburger Hafen und Logistik AG

    1,333,537  
  153,489    

Metro AG

    1,505,168  
  265,143    

Salzgitter AG*

    3,857,480  
   

 

 

 
      23,776,067  
   

 

 

 
      Greece - 0.5%  
  328,073    

Hellenic Telecommunications Organization S.A.

    4,350,808  
   

 

 

 
      Hong Kong - 3.1%  
  1,154,856    

China Mobile Ltd.

    7,063,722  
  13,080,680    

China Unicom Hong Kong Ltd.

    8,062,793  
  1,075,215    

CK Asset Holdings Ltd.

    4,992,750  
  878,526    

Dah Sing Financial Holdings Ltd.

    2,188,276  
  105,647,178    

G-Resources Group Ltd.*

    491,380  
  28,661,746    

Pacific Basin Shipping Ltd.

    4,186,841  
  4,480,510    

PAX Global Technology Ltd.

    2,603,835  
   

 

 

 
      29,589,597  
   

 

 

 
      Hungary - 0.3%  
  2,688,907    

Magyar Telekom Telecommunications plc

    2,963,613  
   

 

 

 
      India - 0.8%  
  1,275,764    

Canara Bank*

    1,481,077  
  469,368    

NTPC Ltd.

    554,609  
  3,236,923    

Oil & Natural Gas Corp. Ltd.

    2,833,969  
  992,900    

Zee Entertainment Enterprises Ltd.

    2,514,714  
   

 

 

 
      7,384,369  
   

 

 

 
      Indonesia - 0.3%  
  5,078,308    

Bank Mandiri Persero Tbk PT

    1,978,157  
  16,772,565    

Perusahaan Perkebunan London Sumatra Indonesia Tbk PT

    1,100,436  
   

 

 

 
      3,078,593  
   

 

 

 
      Ireland - 1.0%  
  3,211,579    

AIB Group plc*

    3,632,890  
  2,285,668    

Bank of Ireland Group plc*

    5,671,302  
   

 

 

 
      9,304,192  
   

 

 

 
      Italy - 2.5%  
  397,193    

Assicurazioni Generali S.p.A.

    5,328,036  
  1,365,688    

BPER Banca*(1)

    1,622,627  
  1,114,322    

Eni S.p.A.

    7,805,875  
  1,239,749    

Saipem S.p.A.(1)

    2,184,279  
  929,632    

UniCredit S.p.A.*

    6,962,375  
   

 

 

 
      23,903,192  
   

 

 

 
      Japan - 31.9%  
  138,769    

Aisan Industry Co., Ltd.

    594,786  
  304,881    

Avex, Inc.

    2,945,296  
  28,193    

Benesse Holdings, Inc.

    664,672  
  184,677    

Canon, Inc.

    3,214,524  
  28,883    

Cawachi Ltd.

    819,210  
  481,440    

Chiyoda Corp.*(1)

    1,044,031  
  118,032    

Chubu Steel Plate Co., Ltd.

    815,486  
  1,236,757    

Citizen Watch Co., Ltd.

    3,276,549  
  53,918    

CMIC Holdings Co., Ltd.

    664,170  
  239,994    

Cosel Co., Ltd.

    2,297,404  
  473,783    

Dai-ichi Life Holdings, Inc.

    7,076,145  
  347,693    

DeNA Co., Ltd.

    5,932,372  
  56,900    

Eisai Co., Ltd.

    4,424,176  
  95,496    

Enplas Corp.

    2,091,131  
  198,970    

EPS Holdings, Inc.

    1,802,529  
  264,949    

Exedy Corp.

    3,340,217  
 

 

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

 

 

  47  

 


The Hartford International Value Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
COMMON STOCKS - 96.2% - (continued)  
      Japan - 31.9% - (continued)  
  232,164    

Fuji Media Holdings, Inc.

  $ 2,232,823  
  34,332    

Fujitsu Ltd.

    4,061,976  
  502,306    

Funai Electric Co., Ltd.*

    2,096,542  
  78,674    

Gendai Agency, Inc.

    208,152  
  1,311,930    

Gree, Inc.

    6,841,071  
  875,816    

Hino Motors Ltd.

    6,710,262  
  243,182    

Hisaka Works Ltd.

    2,055,043  
  644,024    

Honda Motor Co., Ltd.

    15,233,057  
  318,896    

Ichiyoshi Securities Co., Ltd.

    1,275,314  
  996,297    

Inpex Corp.

    4,724,836  
  910,628    

Isuzu Motors Ltd.

    7,388,374  
  108,479    

Japan Petroleum Exploration Co., Ltd.

    1,715,257  
  334,888    

Japan Steel Works Ltd.

    7,159,350  
  524,237    

JGC Holdings Corp.

    4,310,472  
  309,761    

Kyoei Steel Ltd.

    3,900,012  
  250,843    

Maxell Holdings Ltd.*

    2,622,473  
  27,187    

Melco Holdings, Inc.

    703,558  
  130,853    

Miraial Co., Ltd.

    1,527,667  
  455,661    

Mitsubishi Estate Co., Ltd.

    6,796,583  
  122,009    

Mitsubishi Heavy Industries Ltd.

    2,621,390  
  1,023,813    

Mitsubishi Motors Corp.*

    1,877,697  
  2,970,917    

Mitsubishi UFJ Financial Group, Inc.

    11,711,072  
  465,217    

Nakayama Steel Works Ltd.

    1,558,710  
  155,453    

Neturen Co., Ltd.

    713,170  
  617,518    

Nichicon Corp.

    4,999,879  
  469,550    

Nikon Corp.

    2,861,606  
  255,965    

Nippon Chemi-Con Corp.*

    3,273,695  
  439,725    

Nippon Television Holdings, Inc.

    4,640,179  
  1,247,154    

Nissan Motor Co., Ltd.*

    4,415,589  
  112,326    

Nitto Denko Corp.

    7,891,546  
  474,386    

NOK Corp.

    5,409,904  
  1,160,290    

Nomura Holdings, Inc.

    5,196,286  
  118,769    

OKUMA Corp.

    5,764,790  
  120,752    

Pacific Metals Co., Ltd.

    1,864,912  
  2,046,853    

Resona Holdings, Inc.

    6,748,420  
  185,391    

Sanyo Shokai Ltd.

    878,206  
  91,265    

Shimamura Co., Ltd.

    9,729,829  
  385,066    

Sumitomo Mitsui Financial Group, Inc.

    10,659,358  
  258,261    

Sumitomo Mitsui Trust Holdings, Inc.

    6,943,972  
  329,339    

Sumitomo Riko Co., Ltd.

    1,679,968  
  987,855    

T&D Holdings, Inc.

    9,872,699  
  234,563    

Tachi-S Co., Ltd.

    2,369,937  
  388,646    

Takeda Pharmaceutical Co., Ltd.

    12,010,167  
  217,586    

THK Co., Ltd.

    5,775,798  
  747,761    

Tochigi Bank Ltd.

    1,294,183  
  347,711    

Tokai Rika Co., Ltd.

    5,448,929  
  154,199    

Tokyo Seimitsu Co., Ltd.

    5,202,900  
  715,832    

Tokyo Steel Manufacturing Co., Ltd.

    4,555,380  
  319,678    

Toppan Forms Co., Ltd.

    3,067,217  
  64,430    

Toshiba Machine Co., Ltd.

    1,285,829  
  364,060    

Toyo Engineering Corp.*

    1,067,651  
  39,574    

Toyoda Gosei Co., Ltd.

    1,005,769  
  276,033    

Toyota Boshoku Corp.

    4,009,607  
  279,729    

TV Asahi Holdings Corp.

    4,226,258  
  371,026    

Unipres Corp.

    2,874,036  
  347,114    

Ushio, Inc.

    3,877,488  
  378,506    

Xebio Holdings Co., Ltd.

    2,471,778  
  234,641    

Yamato Kogyo Co., Ltd.

    5,634,934  
  59,270    

Yodogawa Steel Works Ltd.

    1,112,591  
  596,569    

Z Holdings Corp.

    4,159,911  
   

 

 

 
      305,328,760  
   

 

 

 
      Luxembourg - 0.5%  
  136,211    

RTL Group S.A.*

    5,175,604  
   

 

 

 
Shares or Principal Amount   Market Value  
COMMON STOCKS - 96.2% - (continued)  
      Malaysia - 0.3%  
  4,719,350    

CIMB Group Holdings Bhd

  $ 3,349,462  
   

 

 

 
      Monaco - 0.4%  
  156,651    

Endeavour Mining Corp.*

    3,842,494  
   

 

 

 
      Netherlands - 4.3%  
  715,680    

ABN Amro Bank N.V.*(2)

    5,878,784  
  311,386    

Fugro N.V.*(1)

    1,188,339  
  1,427,363    

ING Groep N.V.*

    9,777,033  
  2,176,450    

PostNL N.V.*

    7,218,682  
  1,395,886    

Royal Dutch Shell plc Class B

    16,833,453  
   

 

 

 
      40,896,291  
   

 

 

 
      Norway - 0.7%  
  2,375,393    

Norsk Hydro ASA*

    6,675,721  
   

 

 

 
      Russia - 1.5%  
  986,516    

Gazprom PJSC ADR

    3,779,399  
  25,368    

LUKOIL PJSC ADR

    1,297,906  
  303,486    

Sberbank of Russia PJSC ADR

    3,065,641  
  853,734    

Surgutneftegas PJSC ADR

    3,506,592  
  2,422,431    

VEON Ltd.

    3,028,039  
   

 

 

 
      14,677,577  
   

 

 

 
      South Africa - 1.4%  
  402,314    

Gold Fields Ltd.

    4,351,099  
  761,819    

Harmony Gold Mining Co., Ltd. ADR*

    3,740,531  
  152,891    

Impala Platinum Holdings Ltd.

    1,360,779  
  588,015    

MTN Group Ltd.

    2,099,514  
  4,814,749    

Nampak Ltd.*

    252,992  
  1,536,526    

Raubex Group Ltd.

    1,889,293  
   

 

 

 
      13,694,208  
   

 

 

 
      South Korea - 3.7%  
  625,655    

DGB Financial Group, Inc.

    3,435,782  
  237,514    

Hankook Tire & Technology Co., Ltd.

    6,653,771  
  250,316    

KB Financial Group, Inc.

    8,953,750  
  364,186    

KT Corp.

    7,112,686  
  288,438    

Shinhan Financial Group Co., Ltd.

    7,825,976  
  554,197    

Tongyang Life Insurance Co., Ltd.

    1,547,877  
   

 

 

 
      35,529,842  
   

 

 

 
      Spain - 1.3%  
  3,642,929    

CaixaBank S.A.(1)

    6,646,851  
  1,163,692    

Prosegur Cia de Seguridad S.A.

    2,665,504  
  4,743,817    

Unicaja Banco S.A.*(2)

    3,037,577  
   

 

 

 
      12,349,932  
   

 

 

 
      Switzerland - 4.5%  
  226,777    

Adecco Group AG

    11,119,767  
  294,477    

GAM Holding AG*

    475,930  
  30,720    

Implenia AG

    616,158  
  95,471    

Julius Baer Group Ltd.

    4,248,959  
  282,021    

LafargeHolcim Ltd.*

    12,104,237  
  1,250,216    

UBS Group AG

    14,554,976  
   

 

 

 
      43,120,027  
   

 

 

 
      Taiwan - 2.8%  
  5,269,003    

Acer, Inc.

    4,403,434  
  11,371,312    

Compal Electronics, Inc.

    7,408,392  
  2,442,951    

Foxconn Technology Co., Ltd.

    4,284,405  
  1,762,018    

Hon Hai Precision Industry Co., Ltd.

    4,778,822  
  10,190,487    

Innolux Corp.*

    3,537,001  
  8,954,036    

Shin Kong Financial Holding Co., Ltd.

    2,494,095  
   

 

 

 
      26,906,149  
   

 

 

 
      Thailand - 0.5%  
  1,358,923    

Kasikornbank PCL NVDR

    3,318,491  
 

 

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

 

 

  48  

 


The Hartford International Value Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
COMMON STOCKS - 96.2% - (continued)  
      Thailand - 0.5% - (continued)  
  676,769    

Kasikornbank PCL

  $ 1,629,910  
   

 

 

 
      4,948,401  
   

 

 

 
      Turkey - 0.5%  
  815,305    

Anadolu Efes Biracilik Ve Malt Sanayii AS

    1,894,233  
  494,058    

Coca-Cola Icecek AS*

    2,654,138  
   

 

 

 
      4,548,371  
   

 

 

 
      United Kingdom - 9.0%  
  325,102    

Anglo American plc

    7,627,924  
  1,024,581    

Babcock International Group plc

    2,886,333  
  4,225,165    

BP plc

    10,777,057  
  603,734    

British Land Co. plc REIT

    2,726,410  
  3,691,267    

BT Group plc

    4,847,922  
  4,864,861    

Centrica plc*

    2,342,901  
  146,406    

Go-Ahead Group plc

    1,110,796  
  870,620    

Halfords Group plc

    2,712,570  
  3,127,588    

Hays plc*

    4,318,761  
  3,232,217    

J Sainsbury plc

    8,436,812  
  2,687,094    

Kingfisher plc*

    9,993,260  
  408,070    

Land Securities Group plc REIT

    2,692,453  
  1,823,112    

Marks & Spencer Group plc

    2,100,371  
  871,866    

Pagegroup plc*

    4,039,151  
  959,736    

Provident Financial plc*

    2,890,078  
  1,522,226    

SIG plc*

    473,490  
  1,554,208    

Standard Chartered plc*

    7,102,425  
  566,478    

SThree plc

    1,805,325  
  922,923    

WPP plc

    7,371,648  
   

 

 

 
      86,255,687  
   

 

 

 
      United States - 0.2%  
  197,429    

Ovintiv, Inc.(1)

    1,818,249  
   

 

 

 
 

Total Common Stocks
(cost $1,125,561,555)

  $ 922,101,092  
   

 

 

 
SHORT-TERM INVESTMENTS - 2.2%  
      Repurchase Agreements - 0.9%  
  7,988,051    

Fixed Income Clearing Corp. Repurchase Agreement dated 10/30/2020 at 0.060%, due on 11/02/2020 with a maturity value of $7,988,091; collateralized by U.S. Treasury Note at 3.125%, maturing 11/15/2028, with a market value of $8,147,889

  $ 7,988,051  
   

 

 

 
      Securities Lending Collateral - 1.3%  
  12,544,985    

Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 0.02%(3)

    12,544,985  
Shares or Principal Amount   Market Value  
SHORT-TERM INVESTMENTS - 2.2% - (continued)  
      Securities Lending Collateral - 1.3% - (continued)  
  12,661    

Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 0.03%(3)

  $ 12,661  
   

 

 

 
      12,557,646  
   

 

 

 
 

Total Short-Term Investments
(cost $20,545,697)

  $ 20,545,697  
   

 

 

 
      
 

Total Investments
(cost $1,146,107,252)

    98.4    $ 942,646,789  
 

Other Assets and Liabilities

    1.6      15,644,850  
   

 

 

    

 

 

 
 

Total Net Assets

    100.0    $ 958,291,639  
   

 

 

    

 

 

 

 

Note:

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

 

    

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

 

    

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

 

    

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

    

See “Glossary” for abbreviation descriptions.

 

*

Non-income producing.

 

(1) 

Represents entire or partial securities on loan. See Note 9 in the accompanying Notes to Financial Statements for securities lending information.

 

(2)

Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions that are exempt from registration (typically only to qualified institutional buyers) or in a public offering registered under the Securities Act of 1933. At October 31, 2020, the aggregate value of these securities was $8,916,361, representing 0.9% of net assets.

 

(3)

Current yield as of period end.

 
Futures Contracts Outstanding at October 31, 2020  

Description

   Number of
Contracts
     Expiration
Date
     Current
Notional
Amount
     Value and
Unrealized
Appreciation/
(Depreciation)
 
Long position contracts:  

MSCI EAFE Index Future

     108        12/18/2020      $ 9,633,060      $ (50,091
           

 

 

 

Total futures contracts

 

   $ (50,091
           

 

 

 

 

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

 

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

 

 

  49  

 


The Hartford International Value Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Fair Value Summary

The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.

 

Description

   Total     Level 1     Level 2      Level 3(1)  

Assets

 

Common Stocks

 

Argentina

   $ 983,192     $ 983,192     $      $  

Australia

     6,304,595       2,101,789       4,202,806         

Austria

     5,189,549       1,947,500       3,242,049         

Belgium

     13,511,647             13,511,647         

Canada

     35,375,712       35,375,712               

China

     18,684,018             18,684,018         

Denmark

     16,710,328             16,710,328         

Finland

     8,276,883             8,276,883         

France

     103,597,962       10,906,755       92,691,207         

Germany

     23,776,067       1,505,168       22,270,899         

Greece

     4,350,808             4,350,808         

Hong Kong

     29,589,597             29,589,597         

Hungary

     2,963,613             2,963,613         

India

     7,384,369             7,384,369         

Indonesia

     3,078,593             3,078,593         

Ireland

     9,304,192             9,304,192         

Italy

     23,903,192             23,903,192         

Japan

     305,328,760             305,328,760         

Luxembourg

     5,175,604             5,175,604         

Malaysia

     3,349,462             3,349,462         

Monaco

     3,842,494       3,842,494               

Netherlands

     40,896,291             40,896,291         

Norway

     6,675,721             6,675,721         

Russia

     14,677,577       3,028,039       11,649,538         

South Africa

     13,694,208       5,629,824       8,064,384         

South Korea

     35,529,842             35,529,842         

Spain

     12,349,932             12,349,932         

Switzerland

     43,120,027             43,120,027         

Taiwan

     26,906,149             26,906,149         

Thailand

     4,948,401             4,948,401         

Turkey

     4,548,371             4,548,371         

United Kingdom

     86,255,687       4,517,895       81,737,792         

United States

     1,818,249       1,818,249               

Short-Term Investments

     20,545,697       12,557,646       7,988,051         
  

 

 

   

 

 

   

 

 

    

 

 

 

Total

   $     942,646,789     $     84,214,263     $     858,432,526      $     —  
  

 

 

   

 

 

   

 

 

    

 

 

 

Liabilities

 

Futures Contracts(2)

   $ (50,091   $ (50,091   $      $  
  

 

 

   

 

 

   

 

 

    

 

 

 

Total

   $ (50,091   $ (50,091   $      $  
  

 

 

   

 

 

   

 

 

    

 

 

 

 

(1)

For the year ended October 31, 2020, there were no transfers in and out of Level 3.

 

(2)

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

 

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

 

 

  50  

 


Hartford International/Global Equity Funds

Glossary (abbreviations used in the preceding Schedules of Investments)

 

 

 

Currency Abbreviations:

QAR

   Qatari Riyal

USD

   United States Dollar
Index Abbreviations:

EAFE

   Europe, Australasia and Far East

SPI

   Share Price Index
Other Abbreviations:

ACWI

   All Country World Index

ADR

   American Depositary Receipt

ETF

   Exchange-Traded Fund

GDR

   Global Depositary Receipt

MSCI

   Morgan Stanley Capital International

NVDR

   Non-Voting Depositary Receipt

PJSC

   Private Joint Stock Company

PT

   Perseroan Terbatas

REIT

   Real Estate Investment Trust
 

 

 

  51  

 


Hartford International/Global Equity Funds

Statements of Assets and Liabilities

October 31, 2020

 

 

 

     Hartford Climate
Opportunities
Fund
     Hartford
Emerging
Markets Equity
Fund
    Hartford Global
Impact Fund
    Hartford
International
Equity Fund
 

Assets:

 

Investments in securities, at market value(1)

   $ 54,601,949      $ 367,264,898     $ 80,069,922     $ 773,218,792  

Repurchase agreements

     1,038,726        1,582,748       2,883,608       10,271,165  

Cash

     452,844        649,322       1,773,909       5,770,488  

Cash collateral held for securities on loan

     6,492        127,856       30,023       405,808  

Foreign currency

     1,964        3,689,390       201       471,251  

Receivables:

 

From affiliates

     16,509        49,651       27,794        

Investment securities sold

     98,982        10,950,917       29,497       2,365,995  

Fund shares sold

     288,167        464,736       136,492       117,156  

Dividends and interest

     52,688        370,420       48,571       1,477,574  

Securities lending income

     126        16,878       139       7,152  

Variation margin on futures contracts

            273,065             613,107  

Tax reclaims

     42,065        3,545       122,349       1,254,002  

Other assets

     35,659        52,685       40,529       56,594  
  

 

 

    

 

 

   

 

 

   

 

 

 

Total assets

     56,636,171        385,496,111       85,163,034       796,029,084  
  

 

 

    

 

 

   

 

 

   

 

 

 

Liabilities:

 

Obligation to return securities lending collateral

     129,833        2,557,113       600,455       8,116,155  

Payables:

 

Investment securities purchased

     177,187        13,096,614             1,995,834  

Fund shares redeemed

     27,816        104,171       51,516       875,478  

Investment management fees

     29,869        287,354       45,491       322,883  

Transfer agent fees

     2,981        57,078       25,296       214,127  

Accounting services fees

     674        4,464       1,026       9,813  

Board of Directors’ fees

     184        1,398       304       3,469  

Foreign taxes

            1,491              

Distribution fees

     425        1,762       2,382       32,742  

Accrued expenses

     41,539        128,137       33,878       236,683  
  

 

 

    

 

 

   

 

 

   

 

 

 

Total liabilities

     410,508        16,239,582       760,348       11,807,184  
  

 

 

    

 

 

   

 

 

   

 

 

 

Net assets

   $ 56,225,663      $ 369,256,529     $ 84,402,686     $ 784,221,900  
  

 

 

    

 

 

   

 

 

   

 

 

 

Summary of Net Assets:

 

Capital stock and paid-in-capital

   $ 45,819,999      $ 379,282,241     $ 96,631,990     $ 825,433,091  

Distributable earnings (loss)

     10,405,664        (10,025,712     (12,229,304     (41,211,191
  

 

 

    

 

 

   

 

 

   

 

 

 

Net assets

   $ 56,225,663      $ 369,256,529     $ 84,402,686     $ 784,221,900  
  

 

 

    

 

 

   

 

 

   

 

 

 

Shares authorized

         175,000,000            660,000,000           225,000,000           560,000,000  
  

 

 

    

 

 

   

 

 

   

 

 

 

Par value

   $ 0.0010      $ 0.0010     $ 0.0010     $ 0.0010  
  

 

 

    

 

 

   

 

 

   

 

 

 

Class A:  Net asset value per share

   $ 13.13      $ 9.06     $ 12.90     $ 10.24  
  

 

 

    

 

 

   

 

 

   

 

 

 

         Maximum offering price per share

   $ 13.89      $ 9.59     $ 13.65     $ 10.84  
  

 

 

    

 

 

   

 

 

   

 

 

 

         Shares outstanding

     721,617        4,058,097       3,214,477       54,550,484  
  

 

 

    

 

 

   

 

 

   

 

 

 

         Net Assets

   $ 9,476,092      $ 36,748,788     $ 41,474,426     $ 558,506,452  
  

 

 

    

 

 

   

 

 

   

 

 

 

Class C:  Net asset value per share

   $ 12.97      $ 8.88     $ 12.60     $ 10.05  
  

 

 

    

 

 

   

 

 

   

 

 

 

         Shares outstanding

     31,116        188,033       169,228       2,484,645  
  

 

 

    

 

 

   

 

 

   

 

 

 

         Net Assets

   $ 403,492      $ 1,669,302     $ 2,131,786     $ 24,972,522  
  

 

 

    

 

 

   

 

 

   

 

 

 

Class I:  Net asset value per share

   $ 12.95      $ 9.04     $ 12.88     $ 10.38  
  

 

 

    

 

 

   

 

 

   

 

 

 

         Shares outstanding

     281,729        2,917,711       1,894,666       5,260,376  
  

 

 

    

 

 

   

 

 

   

 

 

 

         Net Assets

   $ 3,648,729      $ 26,381,470     $ 24,403,484     $ 54,602,741  
  

 

 

    

 

 

   

 

 

   

 

 

 

Class R3:  Net asset value per share

   $ 12.90      $ 9.01     $ 12.68     $ 10.16  
  

 

 

    

 

 

   

 

 

   

 

 

 

         Shares outstanding

     10,767        31,479       420,126       1,192,033  
  

 

 

    

 

 

   

 

 

   

 

 

 

         Net Assets

   $ 138,871      $ 283,749     $ 5,326,585     $ 12,115,011  
  

 

 

    

 

 

   

 

 

   

 

 

 

Class R4:  Net asset value per share

   $ 12.91      $ 9.23     $ 12.88     $ 10.26  
  

 

 

    

 

 

   

 

 

   

 

 

 

         Shares outstanding

     17,765        35,539       69,407       625,641  
  

 

 

    

 

 

   

 

 

   

 

 

 

         Net Assets

   $ 229,359      $ 327,888     $ 893,838     $ 6,419,106  
  

 

 

    

 

 

   

 

 

   

 

 

 

 

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

 

 

  52  

 


Hartford International/Global Equity Funds

Statements of Assets and Liabilities – (continued)

October 31, 2020

 

 

 

     Hartford Climate
Opportunities
Fund
     Hartford
Emerging
Markets Equity
Fund
     Hartford Global
Impact Fund
     Hartford
International
Equity Fund
 

Class R5:  Net asset value per share

   $ 12.87      $ 9.00      $ 12.78      $ 9.03  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     10,730        87,885        19,766        970,330  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 138,118      $ 790,678      $ 252,637      $ 8,760,668  
  

 

 

    

 

 

    

 

 

    

 

 

 

Class R6:  Net asset value per share

   $ 12.83      $ 9.05      $ 12.79      $ 10.43  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     10,812        117,664        243,184        3,575,310  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 138,726      $ 1,065,427      $ 3,111,393      $ 37,295,814  
  

 

 

    

 

 

    

 

 

    

 

 

 

Class Y:  Net asset value per share

   $ 13.15      $ 9.03      $ 12.81      $ 10.38  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     126,475        27,111,205        230,924        1,310,737  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 1,662,554      $ 244,884,488      $ 2,958,469      $ 13,600,928  
  

 

 

    

 

 

    

 

 

    

 

 

 

Class F:  Net asset value per share

   $ 13.29      $ 9.00      $ 12.88      $ 10.44  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     3,038,649        6,343,752        298,875        6,511,024  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $       40,389,722      $ 57,104,739      $ 3,850,068      $ 67,948,658  
  

 

 

    

 

 

    

 

 

    

 

 

 

Cost of investments

   $ 46,091,134      $     328,831,355      $       68,325,875      $     767,207,440  

Cost of foreign currency

   $ 1,995      $ 3,689,340      $ 200      $ 472,537  

(1) Includes Investment in securities on loan, at market value

   $ 121,497      $ 2,486,274      $ 526,708      $ 13,044,965  

 

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

 

 

  53  

 


Hartford International/Global Equity Funds

Statements of Assets and Liabilities – (continued)

October 31, 2020

 

 

 

     The Hartford
International
Growth Fund
     The Hartford
International
Opportunities
Fund
     The Hartford
International
Value Fund
 

Assets:

 

Investments in securities, at market value(1)

   $ 544,641,330      $ 3,677,321,641      $ 934,658,738  

Repurchase agreements

     4,144,488        9,312,687        7,988,051  

Cash

     1,468,534        4,112,977        3,224,136  

Cash collateral held for securities on loan

     372,795        300,736        660,929  

Foreign currency

     431        158        117,098  

Receivables:

 

From affiliates

     31,284                

Investment securities sold

            30,053,234        20,465,696  

Fund shares sold

     938,746        5,511,994        3,924,072  

Dividends and interest

     331,884        3,596,051        4,475,746  

Securities lending income

     2,412        5,064        38,889  

Variation margin on futures contracts

                   1,037,353  

Tax reclaims

     500,218        4,871,939        1,386,904  

Other assets

     58,308        100,600        70,545  
  

 

 

    

 

 

    

 

 

 

Total assets

     552,490,430        3,735,187,081        978,048,157  
  

 

 

    

 

 

    

 

 

 

Liabilities:

 

Obligation to return securities lending collateral

     7,455,899        6,014,712        13,218,575  

Payables:

 

Investment securities purchased

     1,527,797        14,507,205        1,625,218  

Fund shares redeemed

     947,209        3,682,521        3,770,203  

Investment management fees

     287,290        2,126,070        724,234  

Transfer agent fees

     62,288        423,288        163,312  

Accounting services fees

     5,165        45,455        12,318  

Board of Directors’ fees

     1,349        13,814        6,001  

Distribution fees

     6,663        30,811        2,498  

Accrued expenses

     110,033        418,281        234,159  
  

 

 

    

 

 

    

 

 

 

Total liabilities

     10,403,693        27,262,157        19,756,518  
  

 

 

    

 

 

    

 

 

 

Net assets

   $ 542,086,737      $ 3,707,924,924      $ 958,291,639  
  

 

 

    

 

 

    

 

 

 

Summary of Net Assets:

 

Capital stock and paid-in-capital

   $     475,256,094      $     3,364,988,959      $     1,619,533,069  

Distributable earnings (loss)

     66,830,643        342,935,965        (661,241,430
  

 

 

    

 

 

    

 

 

 

Net assets

   $ 542,086,737      $ 3,707,924,924      $ 958,291,639  
  

 

 

    

 

 

    

 

 

 

Shares authorized

     485,000,000        825,000,000        730,000,000  
  

 

 

    

 

 

    

 

 

 

Par value

   $ 0.0010      $ 0.0010      $ 0.0010  
  

 

 

    

 

 

    

 

 

 

Class A:  Net asset value per share

   $ 16.10      $ 16.66      $ 11.27  
  

 

 

    

 

 

    

 

 

 

         Maximum offering price per share

   $ 17.04      $ 17.63      $ 11.93  
  

 

 

    

 

 

    

 

 

 

         Shares outstanding

     8,515,506        27,017,141        2,648,143  
  

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 137,068,320      $ 450,001,341      $ 29,856,715  
  

 

 

    

 

 

    

 

 

 

Class C:  Net asset value per share

   $ 14.63      $ 14.44      $ 11.12  
  

 

 

    

 

 

    

 

 

 

         Shares outstanding

     371,604        1,927,452        601,821  
  

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 5,435,370      $ 27,824,898      $ 6,691,522  
  

 

 

    

 

 

    

 

 

 

Class I:  Net asset value per share

   $ 15.97      $ 16.57      $ 11.40  
  

 

 

    

 

 

    

 

 

 

         Shares outstanding

     11,873,396        20,979,140        39,542,513  
  

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 189,630,997      $ 347,719,308      $ 450,896,543  
  

 

 

    

 

 

    

 

 

 

Class R3:  Net asset value per share

   $ 16.31      $ 16.93      $ 11.36  
  

 

 

    

 

 

    

 

 

 

         Shares outstanding

     43,596        2,190,184        30,245  
  

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 711,190      $ 37,081,667      $ 343,614  
  

 

 

    

 

 

    

 

 

 

Class R4:  Net asset value per share

   $ 16.61      $ 17.27      $ 11.32  
  

 

 

    

 

 

    

 

 

 

         Shares outstanding

     136,074        6,042,000        248,466  
  

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 2,259,639      $ 104,352,614      $ 2,811,771  
  

 

 

    

 

 

    

 

 

 

 

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

 

 

  54  

 


Hartford International/Global Equity Funds

Statements of Assets and Liabilities – (continued)

October 31, 2020

 

 

 

     The Hartford
International
Growth Fund
     The Hartford
International
Opportunities
Fund
     The Hartford
International
Value Fund
 

Class R5:  Net asset value per share

   $ 16.73      $ 17.44      $ 11.44  
  

 

 

    

 

 

    

 

 

 

         Shares outstanding

     1,833,305        17,622,648        2,309,932  
  

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 30,665,896      $ 307,346,676      $ 26,420,102  
  

 

 

    

 

 

    

 

 

 

Class R6:  Net asset value per share

   $ 16.83      $ 17.55      $ 11.68  
  

 

 

    

 

 

    

 

 

 

         Shares outstanding

     270,950        42,132,800        3,441,366  
  

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 4,560,057      $ 739,434,398      $ 40,183,562  
  

 

 

    

 

 

    

 

 

 

Class Y:  Net asset value per share

   $ 16.78      $ 17.55      $ 11.67  
  

 

 

    

 

 

    

 

 

 

         Shares outstanding

     748,408        61,224,135        19,267,966  
  

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 12,561,546      $ 1,074,227,055      $ 224,803,650  
  

 

 

    

 

 

    

 

 

 

Class F:  Net asset value per share

   $ 16.00      $ 16.58      $ 11.41  
  

 

 

    

 

 

    

 

 

 

         Shares outstanding

     9,948,683        37,386,899        15,449,659  
  

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 159,193,722      $ 619,936,967      $ 176,284,160  
  

 

 

    

 

 

    

 

 

 

Cost of investments

   $     500,881,225      $     2,958,871,989      $     1,146,107,252  

Cost of foreign currency

   $ 431      $ 158      $ 117,763  

(1) Includes Investment in securities on loan, at market value

   $ 7,040,498      $ 11,956,895      $ 14,210,503  

 

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

 

 

  55  

 


Hartford International/Global Equity Funds

Statements of Operations

For the Year Ended October 31, 2020

 

 

 

     Hartford
Climate
Opportunities
Fund
    Hartford
Emerging
Markets Equity
Fund
    Hartford
Global
Impact Fund
    Hartford
International
Equity Fund
 

Investment Income:

        

Dividends

   $ 663,131     $ 9,798,618     $ 1,309,958     $ 18,604,345  

Non-cash dividends

     94,121                   465,612  

Interest

     7,997       45,401       17,919       126,418  

Securities lending

     7,554       99,470       19,992       142,854  

Less: Foreign tax withheld

     (45,865     (1,101,818     (80,858     (1,997,752
  

 

 

   

 

 

   

 

 

   

 

 

 

Total investment income, net

     726,938       8,841,671       1,267,011       17,341,477  
  

 

 

   

 

 

   

 

 

   

 

 

 

Expenses:

        

Investment management fees

     267,288       2,945,223       501,530       3,940,460  

Transfer agent fees

        

Class A

     9,718       73,637       81,164       1,202,153  

Class C

     787       5,286       4,502       70,643  

Class I

     3,865       22,381       18,974       60,328  

Class R3

     263       664       10,476       26,817  

Class R4

     274       613       1,861       11,548  

Class R5

     143       866       344       8,364  

Class R6

     5       41       56       1,237  

Class Y

     1,268       226,701             25,091  

Class F

     351       326       275       1,313  

Distribution fees

        

Class A

     15,140       103,206       89,811            1,512,252  

Class C

     3,161       21,129       21,124       330,396  

Class R3

     599       1,509       26,417       68,424  

Class R4

     404       902       3,651       18,195  

Custodian fees

     21,573       77,596       36,836       123,987  

Registration and filing fees

     119,408       150,363       168,964       119,550  

Accounting services fees

     6,629       50,598       12,524       133,193  

Board of Directors’ fees

     1,312       10,817       1,011       26,160  

Audit and tax fees

     26,019       56,377       76,642       101,447  

Other expenses

     21,802       107,967       18,598       195,284  
  

 

 

   

 

 

   

 

 

   

 

 

 

Total expenses (before waivers, reimbursements and fees paid indirectly)

     500,009       3,856,202       1,074,760       7,976,842  
  

 

 

   

 

 

   

 

 

   

 

 

 

Expense waivers

     (166,854     (192,826     (268,467      

Management fee waivers

                 (121,158      

Distribution fee reimbursements

     (938     (385     (3,605     (27,190

Commission recapture

     (327           (422     (1,566
  

 

 

   

 

 

   

 

 

   

 

 

 

Total waivers, reimbursements and fees paid indirectly

     (168,119     (193,211     (393,652     (28,756
  

 

 

   

 

 

   

 

 

   

 

 

 

Total expenses, net

     331,890       3,662,991       681,108       7,948,086  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Investment Income (Loss)

     395,048       5,178,680       585,903       9,393,391  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions on:

        

Investments

     601,330       (20,678,808     1,438,352       (15,798,966

Less: Foreign taxes paid/accrued on realized capital gains

           (2,049     (195     (159,877

Futures contracts

           1,134,408             (2,180,439

Foreign currency contracts

           (1,875            

Other foreign currency transactions

     (7,813     (217,188     (42,370     (113,253
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions

     593,517       (19,765,512     1,395,787       (18,252,535
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions of:

        

Investments*

     8,321,992       30,924,466       9,106,082       (22,138,180

Futures contracts

           (32,476           (290,973

Translation of other assets and liabilities in foreign currencies

     2,596       (6,598     (2,819     71,890  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions

     8,324,588            30,885,392           9,103,263       (22,357,263
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions

         8,918,105       11,119,880       10,499,050       (40,609,798
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Increase (Decrease) in Net Assets Resulting from Operations

   $ 9,313,153     $ 16,298,560     $ 11,084,953     $ (31,216,407
  

 

 

   

 

 

   

 

 

   

 

 

 

*Includes change in unrealized appreciation (depreciation) on deferred capital gains tax

   $     $ 124,356     $     $ 28,679  

 

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

 

 

  56  

 


Hartford International/Global Equity Funds

Statements of Operations – (continued)

For the Year Ended October 31, 2020

 

 

 

     The Hartford
International
Growth Fund
    The Hartford
International
Opportunities
Fund
    The Hartford
International
Value Fund
 

Investment Income:

 

Dividends

   $ 5,142,831     $ 52,200,496     $ 43,948,920  

Non-cash dividends

     25,797       3,006,304       273,361  

Interest

     43,171       388,598       286,183  

Securities lending

     23,418       306,164       564,306  

Less: Foreign tax withheld

     (569,619     (5,183,125     (4,486,959
  

 

 

   

 

 

   

 

 

 

Total investment income, net

     4,665,598       50,718,437       40,585,811  
  

 

 

   

 

 

   

 

 

 

Expenses:

 

Investment management fees

     2,789,035       23,434,357            13,236,833  

Transfer agent fees

 

Class A

     279,934       772,667       146,468  

Class C

     14,929       60,867       14,562  

Class I

     34,291       279,505       522,414  

Class R3

     1,443       93,873       912  

Class R4

     5,423       169,688       4,648  

Class R5

     30,549       299,682       29,532  

Class R6

     160       26,963       5,478  

Class Y

     17,773       1,017,603       273,243  

Class F

     1,245       7,173       1,422  

Distribution fees

 

Class A

     323,415       1,106,552       305,750  

Class C

     61,001       317,415       109,785  

Class R3

     3,305       214,980       2,071  

Class R4

     8,535       280,310       6,859  

Custodian fees

     35,316       149,145       120,652  

Registration and filing fees

     127,583       161,225       207,961  

Accounting services fees

     54,931       552,651       261,395  

Board of Directors’ fees

     10,887       109,154       48,574  

Audit and tax fees

     29,263       42,268       63,018  

Other expenses

     122,219       550,300       292,678  
  

 

 

   

 

 

   

 

 

 

Total expenses (before waivers, reimbursements and fees paid indirectly)

     3,951,237       29,646,378       15,654,255  
  

 

 

   

 

 

   

 

 

 

Expense waivers

     (171,107            

Transfer agent fee waivers

           (369,807     (47,709

Distribution fee reimbursements

     (3,881     (8,661     (245

Commission recapture

     (539     (12,160     (1,279
  

 

 

   

 

 

   

 

 

 

Total waivers, reimbursements and fees paid indirectly

     (175,527     (390,628     (49,233
  

 

 

   

 

 

   

 

 

 

Total expenses, net

     3,775,710       29,255,750       15,605,022  
  

 

 

   

 

 

   

 

 

 

Net Investment Income (Loss)

     889,888       21,462,687       24,980,789  
  

 

 

   

 

 

   

 

 

 

Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions on:

 

Investments

     31,814,960       (181,062,782     (360,139,167

Less: Foreign taxes paid/accrued on realized capital gains

     (59,504     (198,968     5,976  

Futures contracts

                 1,001,927  

Other foreign currency transactions

     (96,851     (1,129,213     (619,382
  

 

 

   

 

 

   

 

 

 

Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions

     31,658,605       (182,390,963     (359,750,646
  

 

 

   

 

 

   

 

 

 

Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions of:

      

Investments*

     2,994,407       422,816,733       (118,136,296

Futures contracts

                 (387,717

Translation of other assets and liabilities in foreign currencies

     26,383       239,807       46,372  
  

 

 

   

 

 

   

 

 

 

Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions

     3,020,790            423,056,540       (118,477,641
  

 

 

   

 

 

   

 

 

 

Net Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions

         34,679,395       240,665,577       (478,228,287
  

 

 

   

 

 

   

 

 

 

Net Increase (Decrease) in Net Assets Resulting from Operations

   $ 35,569,283     $ 262,128,264     $ (453,247,498
  

 

 

   

 

 

   

 

 

 

*Includes change in unrealized appreciation (depreciation) on deferred capital gains tax

   $ 19,556     $ 36,864     $  

 

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

 

 

  57  

 


Hartford International/Global Equity Funds

Statements of Changes in Net Assets

 

 

 

     Hartford
Climate Opportunities Fund
    Hartford
Emerging Markets Equity Fund
 
     For the
Year Ended
October 31,
2020
    For the
Year Ended
October 31,
2019
    For the
Year Ended
October 31,
2020
    For the
Year Ended
October 31,
2019
 

Operations:

 

Net investment income (loss)

   $ 395,048     $ 308,468     $ 5,178,680     $ 6,440,010  

Net realized gain (loss) on investments, other financial instruments and foreign currency transactions

     593,517       513,552       (19,765,512     (13,956,137

Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions

     8,324,588       2,328,028       30,885,392       19,261,050  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Increase (Decrease) in Net Assets Resulting from Operations

     9,313,153       3,150,048       16,298,560       11,744,923  
  

 

 

   

 

 

   

 

 

   

 

 

 

Distributions to Shareholders:

        

Class A

     (119,368     (626,953     (930,952     (958,691

Class C

     (8,961     (200,802     (30,884     (19,122

Class I

     (68,860     (493,966     (551,883     (442,367

Class R3

     (6,294     (173,663     (8,081     (3,118

Class R4

     (5,823     (176,698     (2,567     (69,783

Class R5

     (5,744     (176,726     (16,899     (12,968

Class R6

     (6,463     (178,619     (25,806     (18,910

Class Y

     (26,904     (192,550     (5,358,106     (1,092,943

Class F

     (749,220     (1,311,452     (781,456     (43,618
  

 

 

   

 

 

   

 

 

   

 

 

 

Total distributions

     (997,637     (3,531,429     (7,706,634     (2,661,520
  

 

 

   

 

 

   

 

 

   

 

 

 

Capital Share Transactions:

 

Sold

         31,639,136       7,728,398           130,581,792            261,275,462  

Issued on reinvestment of distributions

     915,805       3,453,670       7,403,318       2,650,991  

Redeemed

     (4,714,571     (20,147,438     (87,080,919     (101,840,033
  

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) from capital share transactions

     27,840,370       (8,965,370     50,904,191       162,086,420  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Increase (Decrease) in Net Assets

     36,155,886       (9,346,751     59,496,117       171,169,823  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Assets:

 

Beginning of period

     20,069,777            29,416,528       309,760,412       138,590,589  
  

 

 

   

 

 

   

 

 

   

 

 

 

End of period

   $ 56,225,663     $ 20,069,777     $ 369,256,529     $ 309,760,412  
  

 

 

   

 

 

   

 

 

   

 

 

 

 

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

 

 

  58  

 


Hartford International/Global Equity Funds

Statements of Changes in Net Assets – (continued)

 

 

 

     Hartford
Global Impact Fund
    Hartford
International Equity Fund
 
     For the
Year Ended
October 31,
2020
    For the
Year Ended
October 31,
2019
    For the
Year Ended
October 31,
2020
    For the
Year Ended
October 31,
2019
 

Operations:

 

Net investment income (loss)

   $ 585,903     $ 605,329     $ 9,393,391     $ 19,574,298  

Net realized gain (loss) on investments, other financial instruments and foreign currency transactions

     1,395,787       (1,698,261     (18,252,535     (34,640,046

Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions

     9,103,263       7,495,410       (22,357,263     97,014,927  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Increase (Decrease) in Net Assets Resulting from Operations

     11,084,953       6,402,478       (31,216,407     81,949,179  
  

 

 

   

 

 

   

 

 

   

 

 

 

Distributions to Shareholders:

        

Class A

     (147,652     (56,772     (15,148,861     (3,190,662

Class C

     (7,654     (4,833     (514,273     (129,482

Class I

     (132,781     (357,502     (2,054,436     (531,598

Class R3

     (22,549     (1,473     (307,228     (77,335

Class R4

     (9,729     (2,940     (182,968     (69,116

Class R5

     (2,372     (1,496     (50,469     (6,824

Class R6

     (7,185     (1,519     (709,639     (32,690

Class Y

     (59,070     (2,907     (845,813     (161,978

Class F

     (256,406     (3,385,308     (1,982,075     (400,679
  

 

 

   

 

 

   

 

 

   

 

 

 

Total distributions

     (645,398     (3,814,750     (21,795,762     (4,600,364
  

 

 

   

 

 

   

 

 

   

 

 

 

Capital Share Transactions:

 

Sold

          20,511,763       13,767,962       91,228,401       97,983,678  

Issued in merger

     82,415,575                    

Issued on reinvestment of distributions

     635,509       3,531,252       21,151,248       4,412,669  

Redeemed

     (76,012,743     (2,754,259     (241,036,381     (297,454,808
  

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) from capital share transactions

     27,550,104       14,544,955       (128,656,732     (195,058,461
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Increase (Decrease) in Net Assets

     37,989,659       17,132,683       (181,668,901     (117,709,646
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Assets:

 

Beginning of period

     46,413,027           29,280,344            965,890,801           1,083,600,447  
  

 

 

   

 

 

   

 

 

   

 

 

 

End of period

   $ 84,402,686     $ 46,413,027     $ 784,221,900     $ 965,890,801  
  

 

 

   

 

 

   

 

 

   

 

 

 

 

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

 

 

  59  

 


Hartford International/Global Equity Funds

Statements of Changes in Net Assets – (continued)

 

 

 

     The Hartford
International Growth Fund
    The Hartford
International Opportunities Fund
 
     For the
Year Ended
October 31,
2020
    For the
Year Ended
October 31,
2019
    For the
Year Ended
October 31,
2020
    For the
Year Ended
October 31,
2019
 

Operations:

 

Net investment income (loss)

   $ 889,888     $ 2,847,936     $ 21,462,687     $ 61,092,452  

Net realized gain (loss) on investments, other financial instruments and foreign currency transactions

     31,658,605       (11,389,958     (182,390,963     (216,701,521

Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions

     3,020,790       48,850,249       423,056,540       543,368,730  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Increase (Decrease) in Net Assets Resulting from Operations

     35,569,283       40,308,227       262,128,264       387,759,661  
  

 

 

   

 

 

   

 

 

   

 

 

 

Distributions to Shareholders:

        

Class A

     (721,736     (9,270,646     (6,181,796     (16,748,487

Class C

           (589,259     (261,125     (1,356,020

Class I

     (400,088     (2,609,314     (5,982,588     (15,473,343

Class R3

     (1,745     (40,927     (460,064     (1,838,521

Class R4

     (16,976     (509,112     (1,494,778     (5,381,710

Class R5

     (263,929     (1,774,523     (4,277,258     (9,675,206

Class R6

     (34,507     (77,484     (11,152,699     (20,714,677

Class Y

     (158,669     (1,259,943     (16,953,720     (38,119,791

Class F

     (1,145,422     (7,789,236     (11,446,722     (24,783,692
  

 

 

   

 

 

   

 

 

   

 

 

 

Total distributions

     (2,743,072     (23,920,444     (58,210,750     (134,091,447
  

 

 

   

 

 

   

 

 

   

 

 

 

Capital Share Transactions:

 

Sold

     261,096,819       71,745,516       851,693,324       947,713,632  

Issued on reinvestment of distributions

     2,715,341       23,421,317       55,781,632       129,273,370  

Redeemed

     (91,978,214     (83,443,489     (985,954,816     (1,338,530,040
  

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) from capital share transactions

     171,833,946       11,723,344       (78,479,860     (261,543,038
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Increase (Decrease) in Net Assets

     204,660,157       28,111,127       125,437,654       (7,874,824
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Assets:

 

Beginning of period

     337,426,580       309,315,453       3,582,487,270       3,590,362,094  
  

 

 

   

 

 

   

 

 

   

 

 

 

End of period

   $     542,086,737     $     337,426,580     $     3,707,924,924     $     3,582,487,270  
  

 

 

   

 

 

   

 

 

   

 

 

 

 

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

 

 

  60  

 


Hartford International/Global Equity Funds

Statements of Changes in Net Assets – (continued)

 

 

 

     The Hartford
International Value Fund
 
     For the
Year Ended
October 31,
2020
    For the
Year Ended
October 31,
2019
 

Operations:

 

Net investment income (loss)

   $ 24,980,789     $ 57,359,301  

Net realized gain (loss) on investments, other financial instruments and foreign currency transactions

     (359,750,646     (45,754,127

Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions

     (118,477,641     45,811,841  
  

 

 

   

 

 

 

Net Increase (Decrease) in Net Assets Resulting from Operations

     (453,247,498     57,417,015  
  

 

 

   

 

 

 

Distributions to Shareholders:

    

Class A

     (5,897,568     (19,424,941

Class C

     (306,110     (1,595,295

Class I

     (31,692,857     (58,663,245

Class R3

     (11,482     (49,201

Class R4

     (87,974     (103,976

Class R5

     (1,052,666     (2,391,166

Class R6

     (5,419,824      

Class Y

     (17,970,437     (41,199,699

Class F

     (9,066,373     (24,502,454
  

 

 

   

 

 

 

Total distributions

     (71,505,291     (147,929,977
  

 

 

   

 

 

 

Capital Share Transactions:

 

Sold

     551,353,898       1,393,683,414  

Issued on reinvestment of distributions

     68,483,557       143,495,664  

Redeemed

     (1,470,688,737     (1,439,127,290
  

 

 

   

 

 

 

Net increase (decrease) from capital share transactions

     (850,851,282     98,051,788  
  

 

 

   

 

 

 

Net Increase (Decrease) in Net Assets

     (1,375,604,071     7,538,826  
  

 

 

   

 

 

 

Net Assets:

 

Beginning of period

         2,333,895,710           2,326,356,884  
  

 

 

   

 

 

 

End of period

   $ 958,291,639     $ 2,333,895,710  
  

 

 

   

 

 

 

 

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

 

 

  61  

 


Hartford International/Global Equity Funds

Financial Highlights

 

 

 

    — Selected Per-Share Data(1)     — Ratios and Supplemental Data —  

Class

  Net Asset
Value at
Beginning
of Period
    Net
Investment
Income
(Loss)
    Net
Realized
and
Unrealized
Gain (Loss)
on
Investments
    Total from
Investment
Operations
    Dividends
from Net
Investment
Income
    Distributions
from
Capital
Gains
    Total
Dividends
and
Distributions
    Net
Asset
Value at
End of
Period
    Total
Return(2)
    Net
Assets at
End of
Period
(000s)
    Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3)
    Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3)
    Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets
    Portfolio
Turnover
 
Hartford Climate Opportunities Fund  

For the Year Ended October 31, 2020

 

A

  $   10.92     $   0.07     $   2.42     $   2.49     $   (0.05   $   (0.23   $   (0.28   $   13.13       23.27   $   9,476       1.49     1.10     0.58     36

C

    10.93       (0.03     2.40       2.37       (0.10     (0.23     (0.33     12.97       22.24       403       2.33       1.94       (0.26     36  

I

    10.78       0.10       2.39       2.49       (0.09     (0.23     (0.32     12.95       23.58       3,649       1.21       0.83       0.86       36  

R3

    11.02       0.08       2.41       2.49       (0.38     (0.23     (0.61     12.90       23.51       139       1.80       0.93       0.74       36  

R4

    10.93       0.09       2.39       2.48       (0.27     (0.23     (0.50     12.91       23.48       229       1.50       0.93       0.76       36  

R5

    10.94       0.10       2.39       2.49       (0.33     (0.23     (0.56     12.87       23.58       138       1.20       0.81       0.85       36  

R6

    10.96       0.11       2.39       2.50       (0.40     (0.23     (0.63     12.83       23.73       139       1.08       0.69       0.97       36  

Y

    10.94       0.10       2.43       2.53       (0.09     (0.23     (0.32     13.15       23.66       1,663       1.18       0.79       0.90       36  

F

    11.01       0.11       2.45       2.56       (0.05     (0.23     (0.28     13.29       23.76       40,390       1.08       0.69       1.00       36  

For the Year Ended October 31, 2019

 

A

  $   10.99     $   0.11     $   1.34     $   1.45     $   (0.11   $   (1.41   $   (1.52   $   10.92       16.47   $   4,510       1.79     1.08     1.12     50

C

    10.99       0.12       1.35       1.47       (0.12     (1.41     (1.53     10.93       16.68       286       2.38       0.95       1.19       50  

I

    11.00       0.13       1.32       1.45       (0.26     (1.41     (1.67     10.78       16.85       2,314       1.41       0.77       1.25       50  

R3

    10.98       0.14       1.43       1.57       (0.12     (1.41     (1.53     11.02       17.77       112       1.85       0.75       1.39       50  

R4

    10.99       0.13       1.35       1.48       (0.13     (1.41     (1.54     10.93       16.78       125       1.61       0.84       1.30       50  

R5

    10.99       0.13       1.36       1.49       (0.13     (1.41     (1.54     10.94       16.88       112       1.35       0.79       1.35       50  

R6

    11.01       0.15       1.36       1.51       (0.15     (1.41     (1.56     10.96       17.12       112       1.31       0.67       1.47       50  

Y

    11.00       0.14       1.35       1.49       (0.14     (1.41     (1.55     10.94       17.00       804       1.36       0.71       1.39       50  

F

    11.06       0.16       1.34       1.50       (0.14     (1.41     (1.55     11.01       16.88       11,696       1.41       0.69       1.52       50  

For the Year Ended October 31, 2018

 

A

  $   13.64     $   0.13     $   (1.65   $   (1.52   $   (0.06   $   (1.07   $   (1.13   $   10.99       (12.08 )%    $   4,266       1.64     1.07     1.04     42

C

    13.62       0.14       (1.65     (1.51     (0.05     (1.07     (1.12     10.99       (11.95     1,425       2.34       0.97       1.13       42  

I

    13.68       0.15       (1.64     (1.49     (0.12     (1.07     (1.19     11.00       (11.82     8,157       1.26       0.76       1.25       42  

R3

    13.63       0.14       (1.65     (1.51     (0.07     (1.07     (1.14     10.98       (12.02     1,231       1.96       0.98       1.13       42  

R4

    13.64       0.14       (1.64     (1.50     (0.08     (1.07     (1.15     10.99       (11.93     1,247       1.66       0.92       1.18       42  

R5

    13.65       0.15       (1.65     (1.50     (0.09     (1.07     (1.16     10.99       (11.84     1,241       1.36       0.87       1.24       42  

R6

    13.66       0.17       (1.65     (1.48     (0.10     (1.07     (1.17     11.01       (11.74     1,244       1.24       0.75       1.35       42  

Y

    13.66       0.16       (1.64     (1.48     (0.11     (1.07     (1.18     11.00       (11.77     1,342       1.29       0.76       1.34       42  

F

    13.68       0.17       (1.67     (1.50     (0.05     (1.07     (1.12     11.06       (11.78     9,263       1.24       0.75       1.38       42  

For the Year Ended October 31, 2017

 

A

  $   11.53     $   0.11     $   2.33     $   2.44     $   (0.12   $   (0.21   $   (0.33   $   13.64       21.76   $ 4,336       1.87     1.18     0.87     44

C

    11.47       0.08       2.33       2.41       (0.05     (0.21     (0.26     13.62       21.48       1,559       2.53       1.37       0.69       44  

I

    11.55       0.14       2.34       2.48       (0.14     (0.21     (0.35     13.68       22.12       19,040       1.53       0.92       1.18       44  

R3

    11.50       0.10       2.33       2.43       (0.09     (0.21     (0.30     13.63       21.68       1,399       2.20       1.22       0.83       44  

R4

    11.52       0.12       2.32       2.44       (0.11     (0.21     (0.32     13.64       21.84       1,404       1.90       1.11       0.94       44  

R5

    11.54       0.13       2.33       2.46       (0.14     (0.21     (0.35     13.65       22.01       1,408       1.60       1.00       1.05       44  

R6

    11.55       0.14       2.33       2.47       (0.15     (0.21     (0.36     13.66       22.09       1,411       1.50       0.90       1.16       44  

Y

    11.55       0.14       2.33       2.47       (0.15     (0.21     (0.36     13.66       22.09       1,469       1.51       0.90       1.16       44  

F(4)

    11.81       0.08       1.79       1.87                         13.68       15.83 (5)      6,424       1.58 (6)      0.90 (6)      0.87 (6)      44  

For the Period Ended October 31, 2016

 

A(7)

  $   10.00     $   0.13     $   1.40     $   1.53     $   —     $   —     $   —     $   11.53       15.30 %(5)    $   1,489       1.46 %(6)      1.17 %(6)      1.75 %(6)      25 %(5) 

C(7)

    10.00       0.07       1.40       1.47                         11.47       14.70 (5)      1,196       2.20 (6)      1.90 (6)      0.99 (6)      25 (5) 

I(7)

    10.00       0.15       1.40       1.55                         11.55       15.50 (5)      21,506       1.20 (6)      0.90 (6)      1.99 (6)      25 (5) 

R3(7)

    10.00       0.10       1.40       1.50                         11.50       15.00 (5)      1,150       1.90 (6)      1.60 (6)      1.29 (6)      25 (5) 

R4(7)

    10.00       0.12       1.40       1.52                         11.52       15.20 (5)      1,152       1.60 (6)      1.30 (6)      1.59 (6)      25 (5) 

R5(7)

    10.00       0.14       1.40       1.54                         11.54       15.40 (5)      1,154       1.30 (6)      1.00 (6)      1.89 (6)      25 (5) 

R6(7)

    10.00       0.15       1.40       1.55                         11.55       15.50 (5)      1,155       1.20 (6)      0.90 (6)      1.99 (6)      25 (5) 

Y(7)

    10.00       0.15       1.40       1.55                         11.55       15.50 (5)      1,155       1.20 (6)      0.90 (6)      1.99 (6)      25 (5) 

 

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

 

 

  62  

 


Hartford International/Global Equity Funds

Financial Highlights – (continued)

 

 

 

    — Selected Per-Share Data(1)     — Ratios and Supplemental Data —  

Class

  Net Asset
Value at
Beginning
of Period
    Net
Investment
Income
(Loss)
    Net
Realized
and
Unrealized
Gain (Loss)
on
Investments
    Total from
Investment
Operations
    Dividends
from Net
Investment
Income
    Distributions
from
Capital
Gains
    Total
Dividends
and
Distributions
    Net
Asset
Value at
End of
Period
    Total
Return(2)
    Net
Assets at
End of
Period
(000s)
    Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3)
    Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3)
    Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets
    Portfolio
Turnover
 
Hartford Emerging Markets Equity Fund  

For the Year Ended October 31, 2020

 

A

  $   8.96     $   0.11     $   0.18     $   0.29     $   (0.19   $   —     $   (0.19   $   9.06       3.12   $   36,749       1.47     1.41     1.27     104

C

    8.78       0.04       0.16       0.20       (0.10           (0.10     8.88       2.26       1,669       2.29       2.20       0.45       104  

I

    8.94       0.14       0.18       0.32       (0.22           (0.22     9.04       3.45       26,381       1.14       1.08       1.61       104  

R3

    8.95       0.09       0.16       0.25       (0.19           (0.19     9.01       2.68       284       1.76       1.70       1.04       104  

R4

    9.01       0.12       0.16       0.28       (0.06           (0.06     9.23       3.12       328       1.46       1.39       1.34       104  

R5

    8.90       0.14       0.18       0.32       (0.22           (0.22     9.00       3.46       791       1.16       1.10       1.58       104  

R6

    8.96       0.15       0.17       0.32       (0.23           (0.23     9.05       3.43       1,065       1.04       0.98       1.71       104  

Y

    8.93       0.14       0.18       0.32       (0.22           (0.22     9.03       3.47       244,884       1.14       1.08       1.62       104  

F

    8.90       0.15       0.17       0.32       (0.22           (0.22     9.00       3.55       57,105       1.04       0.98       1.73       104  

For the Year Ended October 31, 2019

 

A

  $   8.39     $   0.18     $   0.54     $   0.72     $   (0.15   $   —     $   (0.15   $   8.96       8.82   $   45,113       1.50     1.39     2.02     81

C

    8.18       0.10       0.54       0.64       (0.04           (0.04     8.78       7.93       2,738       2.34       2.20       1.20       81  

I

    8.39       0.23       0.50       0.73       (0.18           (0.18     8.94       8.99       23,116       1.19       1.09       2.60       81  

R3

    8.38       0.16       0.54       0.70       (0.13           (0.13     8.95       8.45       220       1.81       1.69       1.78       81  

R4

    8.44       0.14       0.59       0.73       (0.16           (0.16     9.01       8.87       352       1.51       1.39       1.65       81  

R5

    8.34       0.22       0.52       0.74       (0.18           (0.18     8.90       9.14       691       1.21       1.10       2.51       81  

R6

    8.39       0.22       0.54       0.76       (0.19           (0.19     8.96       9.26       1,006       1.09       0.98       2.57       81  

Y

    8.38       0.29       0.45       0.74       (0.19           (0.19     8.93       9.06       205,680       1.19       1.07       3.34       81  

F

    8.35       0.28       0.46       0.74       (0.19           (0.19     8.90       9.17       30,845       1.09       0.98       3.20       81  

For the Year Ended October 31, 2018

 

A

  $   9.85     $   0.20     $   (1.52   $   (1.32   $   (0.14   $   —     $   (0.14   $   8.39       (13.61 )%    $   61,016       1.53     1.38     2.10     85

C

    9.64       0.08       (1.45     (1.37     (0.09           (0.09     8.18       (14.32     3,682       2.37       2.20       0.83       85  

I

    9.83       0.22       (1.50     (1.28     (0.16           (0.16     8.39       (13.30     16,780       1.24       1.07       2.23       85  

R3

    9.85       0.13       (1.48     (1.35     (0.12           (0.12     8.38       (13.89     206       1.85       1.68       1.37       85  

R4

    9.90       0.27       (1.59     (1.32     (0.14           (0.14     8.44       (13.57     5,580       1.55       1.38       2.90       85  

R5

    9.79       0.18       (1.47     (1.29     (0.16           (0.16     8.34       (13.43     611       1.26       1.11       1.88       85  

R6(9)

    10.24       0.11       (1.96     (1.85                       8.39       (18.07 )(5)      838       1.14 (6)      0.98 (6)      1.90 (6)      85  

Y

    9.83       0.20       (1.48     (1.28     (0.17           (0.17     8.38       (13.32     47,966       1.19       1.02       2.06       85  

F

    9.85       0.21       (1.49     (1.28     (0.22           (0.22     8.35       (13.30     1,912       1.14       0.98       2.23       85  

For the Year Ended October 31, 2017

 

A

  $   7.65     $   0.15     $   2.12     $   2.27     $   (0.07   $   —     $   (0.07   $   9.85       30.12   $   23,924       1.76     1.56     1.78     98

C

    7.49       0.08       2.10       2.18       (0.03           (0.03     9.64       29.28       5,560       2.50       2.33       0.91       98  

I

    7.64       0.21       2.08       2.29       (0.10           (0.10     9.83       30.54       11,361       1.42       1.29       2.43       98  

R3

    7.58       0.12       2.15       2.27                         9.85       29.95       197       2.11       1.82       1.41       98  

R4

    7.61       0.11       2.18       2.29                         9.90       30.09       41       1.87       1.56       1.38       98  

R5

    7.59       0.09       2.20       2.29       (0.09           (0.09     9.79       30.66       876       1.35       1.17       0.95       98  

Y

    7.64       0.13       2.17       2.30       (0.11           (0.11     9.83       30.64       38,223       1.32       1.23       1.62       98  

F(4)

    7.96       0.21       1.68       1.89                         9.85       23.74 (5)      1,500       1.25 (6)      1.03 (6)      3.54 (6)      98  

For the Year Ended October 31, 2016

 

A

  $   7.30     $   0.08     $   0.50 (10)    $   0.58     $   (0.13   $   (0.10   $   (0.23   $   7.65       8.52   $   10,848       1.94     1.76 %(11)      1.12     97

C

    7.15       0.03       0.49 (10)      0.52       (0.08     (0.10     (0.18     7.49       7.69       1,520       2.61       2.51 (11)      0.46       97  

I

    7.30       0.10       0.51 (10)      0.61       (0.17     (0.10     (0.27     7.64       8.94       2,665       1.42       1.36 (11)      1.52       97  

R3

    7.24             0.56 (10)      0.56       (0.12     (0.10     (0.22     7.58       8.30       165       2.09       1.96 (11)      (0.01     97  

R4

    7.28       0.01       0.57 (10)      0.58       (0.15     (0.10     (0.25     7.61       8.44       40       1.78       1.66 (11)      0.11       97  

R5

    7.30       0.02       0.54 (10)      0.56       (0.17     (0.10     (0.27     7.59       8.22       13       1.47       1.36 (11)      0.35       97  

Y

    7.29       0.09       0.53 (10)      0.62       (0.17     (0.10     (0.27     7.64       9.16       65,378       1.37       1.31 (11)      1.33       97  

 

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

 

 

  63  

 


Hartford International/Global Equity Funds

Financial Highlights – (continued)

 

 

 

    — Selected Per-Share Data(1)     — Ratios and Supplemental Data —  

Class

  Net Asset
Value at
Beginning
of Period
    Net
Investment
Income
(Loss)
    Net
Realized
and
Unrealized
Gain (Loss)
on
Investments
    Total from
Investment
Operations
    Dividends
from Net
Investment
Income
    Distributions
from
Capital
Gains
    Total
Dividends
and
Distributions
    Net
Asset
Value at
End of
Period
    Total
Return(2)
    Net
Assets at
End of
Period
(000s)
    Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3)
    Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3)
    Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets
    Portfolio
Turnover
 
Hartford Global Impact Fund  

For the Year Ended October 31, 2020

 

A

  $   11.32     $   0.06     $   1.56     $   1.62     $   (0.04   $   —     $   (0.04   $   12.90       14.37   $   41,474       1.50     1.02     0.56     85

C

    11.12       (0.02     1.53       1.51       (0.03           (0.03     12.60       13.63       2,132       2.23       1.75       (0.17     85  

I

    11.30       0.10       1.56       1.66       (0.08           (0.08     12.88       14.79       24,403       1.12       0.66       0.90       85  

R3

    11.14       0.04       1.54       1.58       (0.04           (0.04     12.68       14.21       5,327       1.72       1.22       0.36       85  

R4

    11.28       0.08       1.56       1.64       (0.04           (0.04     12.88       14.59       894       1.38       0.87       0.73       85  

R5

    11.18       0.11       1.54       1.65       (0.05           (0.05     12.78       14.77       253       1.10       0.60       0.95       85  

R6

    11.21       0.10       1.56       1.66       (0.08           (0.08     12.79       14.87       3,111       1.04       0.59       0.88       85  

Y

    11.17       0.14       1.55       1.69       (0.05           (0.05     12.81       15.15       2,958       0.93       0.43       1.27       85  

F

    11.36       0.12       1.57       1.69       (0.17           (0.17     12.88       15.05       3,850       0.98       0.41       1.01       85  

For the Year Ended October 31, 2019

 

A

  $   11.10     $   0.12     $   1.46     $   1.58     $   (0.06   $   (1.30   $   (1.36   $   11.32       16.93   $   872       1.94 %(12)      1.10 %(12)      1.17     5 %(13) 

C

    10.93       0.07       1.45       1.52       (0.03     (1.30     (1.33     11.12       16.45       38       2.74 (12)      1.60 (12)      0.63       5 (13) 

I

    11.05       0.17       1.46       1.63       (0.08     (1.30     (1.38     11.30       17.47       13,351       1.54 (12)      0.73 (12)      1.60       5 (13) 

R3

    10.98       0.08       1.48       1.56       (0.10     (1.30     (1.40     11.14       16.94       282       2.07 (12)      1.19 (12)      0.79       5 (13) 

R4

    11.08       0.13       1.46       1.59       (0.09     (1.30     (1.39     11.28       17.11       27       1.91 (12)      0.95 (12)      1.25       5 (13) 

R5

    11.00       0.15       1.44       1.59       (0.11     (1.30     (1.41     11.18       17.45       13       1.61 (12)      0.76 (12)      1.43       5 (13) 

R6

    11.01       0.20       1.41       1.61       (0.11     (1.30     (1.41     11.21       17.45       897       1.43 (12)      0.63 (12)      1.81       5 (13) 

Y

    10.99       0.23       1.37       1.60       (0.12     (1.30     (1.42     11.17       17.42       300       1.54 (12)      0.67 (12)      2.11       5 (13) 

F

    11.16       0.16       1.47       1.63       (0.13     (1.30     (1.43     11.36       17.43       30,632       1.49 (12)      0.66 (12)      1.54       5 (13) 

For the Year Ended October 31, 2018

 

A

  $   11.63     $   0.09     $   (0.27   $   (0.18   $   —     $   (0.35   $   (0.35   $   11.10       (1.69 )%    $   455       2.35 %(12)      1.20 %(12)      0.78     79 %(14) 

C

    11.57       0.03       (0.27     (0.24     (0.05     (0.35     (0.40     10.93       (2.25     40       3.12 (12)      1.64 (12)      0.28       79 (14) 

I

    11.66       0.13       (0.26     (0.13     (0.13     (0.35     (0.48     11.05       (1.34     2,588       1.91 (12)      0.79 (12)      1.12       79 (14) 

R3

    11.63       0.10       (0.25     (0.15     (0.15     (0.35     (0.50     10.98       (1.54     11       2.60 (12)      0.98 (12)      0.85       79 (14) 

R4

    11.64       0.10       (0.26     (0.16     (0.05     (0.35     (0.40     11.08       (1.58     23       2.30 (12)      1.03 (12)      0.88       79 (14) 

R5

    11.65       0.12       (0.25     (0.13     (0.17     (0.35     (0.52     11.00       (1.40     11       1.99 (12)      0.85 (12)      1.00       79 (14) 

R6

    11.66       0.13       (0.25     (0.12     (0.18     (0.35     (0.53     11.01       (1.23     12       1.88 (12)      0.74 (12)      1.10       79 (14) 

Y

    11.65       0.14       (0.27     (0.13     (0.18     (0.35     (0.53     10.99       (1.31     22       1.93 (12)      0.79 (12)      1.15       79 (14) 

F

    11.66       0.13       (0.26     (0.13     (0.02     (0.35     (0.37     11.16       (1.26     26,117       1.88 (12)      0.74 (12)      1.10       79 (14) 

For the Period Ended October 31, 2017(4)

 

A

  $   10.00     $   0.06     $   1.57     $   1.63     $   —     $   —     $   —     $   11.63       16.30 %(5)    $   140       5.13 %(6)(12)      1.19 %(6)(12)      0.76 %(6)      50 %(14) 

C

    10.00       0.01       1.56       1.57                         11.57       15.70 (5)      16       5.94 (6)(12)      2.00 (6)(12)      0.11 (6)      50 (14) 

I

    10.00       0.09       1.57       1.66                         11.66       16.60 (5)      1,214       4.76 (6)(12)      0.86 (6)(12)      1.26 (6)      50 (14) 

R3

    10.00       0.07       1.56       1.63                         11.63       16.30 (5)      12       5.54 (6)(12)      1.22 (6)(12)      0.93 (6)      50 (14) 

R4

    10.00       0.07       1.57       1.64                         11.64       16.40 (5)      12       5.24 (6)(12)      1.12 (6)(12)      1.01 (6)      50 (14) 

R5

    10.00       0.09       1.56       1.65                         11.65       16.50 (5)      12       4.94 (6)(12)      0.95 (6)(12)      1.19 (6)      50 (14) 

R6

    10.00       0.09       1.57       1.66                         11.66       16.60 (5)      12       4.84 (6)(12)      0.85 (6)(12)      1.29 (6)      50 (14) 

Y

    10.00       0.12       1.53       1.65                         11.65       16.50 (5)      12       4.79 (6)(12)      0.90 (6)(12)      1.63 (6)      50 (14) 

F

    10.00       0.10       1.56       1.66                         11.66       16.50 (5)      26,456       4.74 (6)(12)      0.85 (6)(12)      1.28 (6)      50 (14) 
Hartford International Equity Fund  

For the Year Ended October 31, 2020

 

A

  $   10.74     $   0.11     $   (0.37   $   (0.26   $   (0.24   $   —     $   (0.24   $   10.24       (2.57 )%    $   558,506       0.99     0.99     1.04     77

C

    10.52       0.02       (0.35     (0.33     (0.14           (0.14     10.05       (3.28     24,973       1.75       1.75       0.24       77  

I

    10.88       0.14       (0.36     (0.22     (0.28           (0.28     10.38       (2.21     54,603       0.63       0.63       1.36       77  

R3

    10.65       0.08       (0.36     (0.28     (0.21           (0.21     10.16       (2.81     12,115       1.24       1.23       0.79       77  

R4

    10.74       0.11       (0.36     (0.25     (0.23           (0.23     10.26       (2.52     6,419       0.95       0.95       1.07       77  

R5

    9.50       0.15       (0.34     (0.19     (0.28           (0.28     9.03       (2.20     8,761       0.66       0.66       1.67       77  

R6

    10.93       0.16       (0.37     (0.21     (0.29           (0.29     10.43       (2.11     37,296       0.55       0.55       1.53       77  

Y

    10.88       0.13       (0.35     (0.22     (0.28           (0.28     10.38       (2.20     13,601       0.65       0.65       1.27       77  

F

    10.94       0.16       (0.37     (0.21     (0.29           (0.29     10.44       (2.11     67,949       0.54       0.54       1.50       77  

 

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

 

 

  64  

 


Hartford International/Global Equity Funds

Financial Highlights – (continued)

 

 

 

    — Selected Per-Share Data(1)     — Ratios and Supplemental Data —  

Class

  Net Asset
Value at
Beginning
of Period
    Net
Investment
Income
(Loss)
    Net
Realized
and
Unrealized
Gain (Loss)
on
Investments
    Total from
Investment
Operations
    Dividends
from Net
Investment
Income
    Distributions
from
Capital
Gains
    Total
Dividends
and
Distributions
    Net
Asset
Value at
End of
Period
    Total
Return(2)
    Net
Assets at
End of
Period
(000s)
    Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3)
    Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3)
    Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets
    Portfolio
Turnover
 
Hartford International Equity Fund – (continued)  

For the Year Ended October 31, 2019

 

A

  $   9.91     $   0.20     $   0.67     $   0.87     $   (0.02   $   (0.02   $   (0.04   $   10.74       8.88   $   685,465       0.97     0.97     1.94     78

C

    9.76       0.11       0.67       0.78             (0.02     (0.02     10.52       8.01       43,009       1.71       1.71       1.13       78  

I

    10.01       0.23       0.69       0.92       (0.03     (0.02     (0.05     10.88       9.29       82,136       0.63       0.63       2.20       78  

R3

    9.85       0.17       0.67       0.84       (0.02     (0.02     (0.04     10.65       8.59       16,410       1.24       1.24       1.67       78  

R4

    9.91       0.20       0.68       0.88       (0.03     (0.02     (0.05     10.74       8.89       8,653       0.96       0.96       1.99       78  

R5

    8.75       0.20       0.60       0.80       (0.03     (0.02     (0.05     9.50       9.27       1,686       0.65       0.65       2.23       78  

R6

    10.06       0.24       0.69       0.93       (0.04     (0.02     (0.06     10.93       9.29       22,624       0.54       0.54       2.32       78  

Y

    10.02       0.25       0.67       0.92       (0.04     (0.02     (0.06     10.88       9.28       33,756       0.62       0.62       2.38       78  

F

    10.06       0.25       0.69       0.94       (0.04     (0.02     (0.06     10.94       9.39       72,152       0.54       0.54       2.38       78  

For the Year Ended October 31, 2018

 

A

  $   11.42     $   0.13     $   (1.28   $   (1.15   $   (0.18   $   (0.18   $   (0.36   $   9.91       (10.47 )%    $   750,143       1.15     0.97     1.30     85

C

    11.28       0.07       (1.29     (1.22     (0.12     (0.18     (0.30     9.76       (11.16     70,348       1.96       1.75       0.65       85  

I

    11.52       0.20       (1.33     (1.13     (0.20     (0.18     (0.38     10.01       (10.21     120,491       0.87       0.66       1.85       85  

R3

    11.37       0.02       (1.21     (1.19     (0.15     (0.18     (0.33     9.85       (10.84     19,595       1.41       1.27       0.29       85  

R4

    11.43       0.12       (1.28     (1.16     (0.18     (0.18     (0.36     9.91       (10.58     15,357       1.19       0.99       1.29       85  

R5

    10.09       0.17       (1.13     (0.96     (0.20     (0.18     (0.38     8.75       (9.97     1,109       0.91       0.69       1.75       85  

R6(9)

    11.48       0.11       (1.53     (1.42                       10.06       (12.37 )(5)      4,959       0.68 (6)      0.53 (6)      1.50 (6)      85  

Y

    11.51       0.22       (1.31     (1.09     (0.22     (0.18     (0.40     10.02       (9.92     27,321       0.83       0.59       2.02       85  

F

    11.53       0.18       (1.28     (1.10     (0.19     (0.18     (0.37     10.06       (9.94     74,278       0.71       0.55       1.76       85  

For the Year Ended October 31, 2017

 

A

  $   9.37     $   0.15     $   2.07     $   2.22     $   (0.17   $   —     $   (0.17   $   11.42       24.17   $   15,943       1.74     1.16     1.43     133

C

    9.25       0.07       2.06       2.13       (0.10           (0.10     11.28       23.29       4,527       2.47       1.91       0.71       133  

I

    9.44       0.20       2.06       2.26       (0.18           (0.18     11.52       24.49       14,971       1.43       0.88       1.88       133  

R3

    9.37       0.11       2.07       2.18       (0.18           (0.18     11.37       23.76       93       2.28       1.46       1.10       133  

R4

    9.40       0.15       2.07       2.22       (0.19           (0.19     11.43       24.13       740       1.75       1.17       1.39       133  

R5

    9.38       0.21       1.75       1.96       (1.25           (1.25     10.09       24.50       397       1.38       0.85       2.28       133  

Y

    9.44       0.18       2.09       2.27       (0.20           (0.20     11.51       24.67       11,822       1.31       0.78       1.76       133  

F(4)

    9.65       0.08       1.80       1.88                         11.53       19.48 (5)      1,739       1.26 (6)      0.66 (6)      1.01 (6)      133  

For the Year Ended October 31, 2016

 

A

  $   9.40     $   0.14     $   0.06     $   0.20     $   (0.10   $   (0.13   $   (0.23   $   9.37       2.29   $   10,519       1.99     1.20 %(15)      1.52     95

B

    9.35       0.01       0.11       0.12       (0.03     (0.13     (0.16     9.31       1.37       120       2.71       1.95 (15)      0.17       95  

C

    9.29       0.07       0.06       0.13       (0.04     (0.13     (0.17     9.25       1.46       2,583       2.73       1.95 (15)      0.80       95  

I

    9.47       0.16       0.07       0.23       (0.13     (0.13     (0.26     9.44       2.55       5,109       1.63       0.90 (15)      1.82       95  

R3

    9.41       0.05       0.13       0.18       (0.09     (0.13     (0.22     9.37       2.02       110       2.26       1.50 (15)      0.57       95  

R4

    9.44       0.07       0.13       0.20       (0.11     (0.13     (0.24     9.40       2.24       251       1.94       1.20 (15)      0.80       95  

R5

    9.47       0.07       0.11       0.18       (0.14     (0.13     (0.27     9.38       2.01       11       1.61       0.90 (15)      0.79       95  

Y

    9.47       0.18       0.07       0.25       (0.15     (0.13     (0.28     9.44       2.73       10,857       1.51       0.80 (15)      1.96       95  
The Hartford International Growth Fund  

For the Year Ended October 31, 2020

 

A

  $   14.40     $   0.00 (8)    $   1.78     $   1.78     $   (0.08   $   —     $   (0.08   $   16.10       12.40   $   137,068       1.36     1.30     0.00 %(19)      112

C

    13.12       (0.10     1.61       1.51                         14.63       11.51       5,435       2.14       2.05       (0.76     112  

I

    14.29       0.06       1.75       1.81       (0.13           (0.13     15.97       12.75       189,631       0.97       0.93       0.40       112  

R3

    14.59       (0.04     1.80       1.76       (0.04           (0.04     16.31       12.08       711       1.61       1.57       (0.26     112  

R4

    14.83       0.01       1.83       1.84       (0.06           (0.06     16.61       12.44       2,260       1.30       1.26       0.07       112  

R5

    14.96       0.05       1.85       1.90       (0.13           (0.13     16.73       12.76       30,666       0.99       0.95       0.35       112  

R6

    15.04       0.07       1.86       1.93       (0.14           (0.14     16.83       12.90       4,560       0.90       0.85       0.48       112  

Y

    15.01       0.05       1.85       1.90       (0.13           (0.13     16.78       12.74       12,562       1.00       0.95       0.35       112  

F

    14.31       0.07       1.77       1.84       (0.15           (0.15     16.00       12.88       159,194       0.89       0.85       0.47       112  

 

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

 

 

  65  

 


Hartford International/Global Equity Funds

Financial Highlights – (continued)

 

 

 

    — Selected Per-Share Data(1)     — Ratios and Supplemental Data —  

Class

  Net Asset
Value at
Beginning
of Period
    Net
Investment
Income
(Loss)
    Net
Realized
and
Unrealized
Gain (Loss)
on
Investments
    Total from
Investment
Operations
    Dividends
from Net
Investment
Income
    Distributions
from
Capital
Gains
    Total
Dividends
and
Distributions
    Net
Asset
Value at
End of
Period
    Total
Return(2)
    Net
Assets at
End of
Period
(000s)
    Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3)
    Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3)
    Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets
    Portfolio
Turnover
 
The Hartford International Growth Fund – (continued)  

For the Year Ended October 31, 2019

 

A

  $   13.85     $   0.09     $   1.51     $   1.60     $   (0.08   $   (0.97   $   (1.05   $   14.40       12.97   $   128,065       1.38     1.30     0.66     64

C

    12.71       (0.01     1.39       1.38             (0.97     (0.97     13.12       12.16       6,842       2.15       2.05       (0.11     64  

I

    13.75       0.14       1.49       1.63       (0.12     (0.97     (1.09     14.29       13.41       39,175       0.99       0.94       1.04       64  

R3

    14.00       0.06       1.53       1.59       (0.03     (0.97     (1.00     14.59       12.63       632       1.63       1.57       0.44       64  

R4

    14.21       0.09       1.56       1.65       (0.06     (0.97     (1.03     14.83       12.99       4,102       1.33       1.27       0.67       64  

R5

    14.34       0.14       1.57       1.71       (0.12     (0.97     (1.09     14.96       13.40       25,303       1.02       0.96       1.00       64  

R6

    14.41       0.16       1.57       1.73       (0.13     (0.97     (1.10     15.04       13.48       3,059       0.91       0.85       1.09       64  

Y

    14.39       0.15       1.57       1.72       (0.13     (0.97     (1.10     15.01       13.45       18,100       0.98       0.92       1.05       64  

F

    13.77       0.15       1.49       1.64       (0.13     (0.97     (1.10     14.31       13.50       112,149       0.91       0.85       1.12       64  

For the Year Ended October 31, 2018

 

A

  $   15.21     $   0.10     $   (1.38   $   (1.28   $   (0.08   $   —     $   (0.08   $   13.85       (8.47 )%    $   123,681       1.40     1.30     0.64     76

C

    13.99       (0.01     (1.27     (1.28                       12.71       (9.15     7,962       2.21       2.05       (0.09     76  

I

    15.09       0.15       (1.37     (1.22     (0.12           (0.12     13.75       (8.16     35,144       1.04       0.98       0.98       76  

R3

    15.36       0.06       (1.41     (1.35     (0.01           (0.01     14.00       (8.72     556       1.67       1.60       0.36       76  

R4

    15.59       0.09       (1.39     (1.30     (0.08           (0.08     14.21       (8.41     8,748       1.36       1.30       0.59       76  

R5

    15.74       0.17       (1.45     (1.28     (0.12           (0.12     14.34       (8.19     21,691       1.06       1.00       1.03       76  

R6(9)

    16.23       0.02       (1.84     (1.82                       14.41       (11.21 )(5)      583       0.94 (6)      0.86 (6)      0.22 (6)      76  

Y

    15.79       0.17       (1.44     (1.27     (0.13           (0.13     14.39       (8.13     16,422       0.98       0.91       1.05       76  

F

    15.11       0.16       (1.37     (1.21     (0.13           (0.13     13.77       (8.10     94,527       0.95       0.89       1.07       76  

For the Year Ended October 31, 2017

 

A

  $   12.24     $   0.09     $   3.02     $   3.11     $   (0.14   $   —     $   (0.14   $   15.21       25.79   $   124,332       1.48     1.30     0.71     82

C

    11.26       (0.01     2.79       2.78       (0.05           (0.05     13.99       24.88       15,539       2.21       2.05       (0.06     82  

I

    12.16       0.15       2.96       3.11       (0.18           (0.18     15.09       26.05       26,644       1.34       1.00       1.18       82  

R3

    12.33       0.06       3.05       3.11       (0.08           (0.08     15.36       25.48       649       1.81       1.60       0.45       82  

R4

    12.55       0.10       3.09       3.19       (0.15           (0.15     15.59       25.75       11,579       1.39       1.30       0.75       82  

R5

    12.67       0.13       3.12       3.25       (0.18           (0.18     15.74       26.23       7,184       1.10       1.00       0.93       82  

Y

    12.71       0.11       3.16       3.27       (0.19           (0.19     15.79       26.20       11,865       1.01       0.95       0.81       82  

F(4)

    12.18       0.06       2.87       2.93                         15.11       24.06       (5  )61,131      0.99 (6)      0.90 (6)      0.65 (6)      82  

For the Year Ended October 31, 2016

 

A

  $   12.38     $   0.13     $   (0.19   $   (0.06   $   (0.08   $   —     $   (0.08   $   12.24       (0.39 )%    $   109,049       1.56     1.32 %(16)      1.07     89

B

    11.41       0.02       (0.16     (0.14                       11.27       (1.23     911       2.69       2.07 (16)      0.19       89  

C

    11.40       0.03       (0.16     (0.13     (0.01           (0.01     11.26       (1.22     14,706       2.27       2.07 (16)      0.30       89  

I

    12.30       0.17       (0.18     (0.01     (0.13           (0.13     12.16       (0.12     35,437       1.19       1.02 (16)      1.39       89  

R3

    12.50       0.10       (0.20     (0.10     (0.07           (0.07     12.33       (0.78     1,027       1.79       1.62 (16)      0.81       89  

R4

    12.72       0.15       (0.20     (0.05     (0.12           (0.12     12.55       (0.45     10,542       1.43       1.32 (16)      1.18       89  

R5

    12.82       0.17       (0.19     (0.02     (0.13           (0.13     12.67       (0.17     5,925       1.13       1.02 (16)      1.39       89  

Y

    12.86       0.16       (0.17     (0.01     (0.14           (0.14     12.71       (0.09     17,282       1.03       0.97 (16)      1.25       89  
The Hartford International Opportunities Fund  

For the Year Ended October 31, 2020

 

A

  $   15.70     $   0.05     $   1.12     $   1.17     $   (0.21   $   —     $   (0.21   $   16.66       7.48   $   450,001       1.12     1.12     0.29     100

C

    13.63       (0.07     0.98       0.91       (0.10           (0.10     14.44       6.67       27,825       1.89       1.89       (0.48     100  

I

    15.62       0.10       1.12       1.22       (0.27           (0.27     16.57       7.81       347,719       0.78       0.78       0.63       100  

R3

    15.95       0.00 (8)      1.13       1.13       (0.15           (0.15     16.93       7.10       37,082       1.42       1.42       (0.01     100  

R4

    16.26       0.05       1.16       1.21       (0.20           (0.20     17.27       7.45       104,353       1.10       1.10       0.30       100  

R5

    16.43       0.11       1.16       1.27       (0.26           (0.26     17.44       7.77       307,347       0.80       0.80       0.66       100  

R6

    16.53       0.12       1.18       1.30       (0.28           (0.28     17.55       7.88       739,434       0.70       0.70       0.71       100  

Y

    16.53       0.11       1.18       1.29       (0.27           (0.27     17.55       7.83       1,074,227       0.80       0.76       0.66       100  

F

    15.63       0.11       1.12       1.23       (0.28           (0.28     16.58       7.89       619,937       0.70       0.70       0.71       100  

 

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

 

 

  66  

 


Hartford International/Global Equity Funds

Financial Highlights – (continued)

 

 

 

    — Selected Per-Share Data(1)     — Ratios and Supplemental Data —  

Class

  Net Asset
Value at
Beginning
of Period
    Net
Investment
Income
(Loss)
    Net
Realized
and
Unrealized
Gain (Loss)
on
Investments
    Total from
Investment
Operations
    Dividends
from Net
Investment
Income
    Distributions
from
Capital
Gains
    Total
Dividends
and
Distributions
    Net
Asset
Value at
End of
Period
    Total
Return(2)
    Net
Assets at
End of
Period
(000s)
    Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3)
    Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3)
    Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets
    Portfolio
Turnover
 
The Hartford International Opportunities Fund – (continued)  

For the Year Ended October 31, 2019

 

A

  $   14.66     $   0.21     $   1.36     $   1.57     $   (0.18   $   (0.35   $   (0.53   $   15.70       11.32   $   464,083       1.12     1.12     1.42     92

C

    12.74       0.08       1.19       1.27       (0.03     (0.35     (0.38     13.63       10.46       37,457       1.89       1.89       0.64       92  

I

    14.60       0.25       1.35       1.60       (0.23     (0.35     (0.58     15.62       11.67       350,647       0.79       0.79       1.71       92  

R3

    14.87       0.17       1.39       1.56       (0.13     (0.35     (0.48     15.95       11.03       51,593       1.42       1.42       1.14       92  

R4

    15.16       0.22       1.41       1.63       (0.18     (0.35     (0.53     16.26       11.34       133,349       1.12       1.12       1.44       92  

R5

    15.32       0.27       1.42       1.69       (0.23     (0.35     (0.58     16.43       11.73       265,062       0.80       0.80       1.74       92  

R6

    15.42       0.30       1.41       1.71       (0.25     (0.35     (0.60     16.53       11.78       638,619       0.70       0.70       1.93       92  

Y

    15.41       0.28       1.43       1.71       (0.24     (0.35     (0.59     16.53       11.80       981,426       0.78       0.75       1.80       92  

F

    14.61       0.27       1.35       1.62       (0.25     (0.35     (0.60     15.63       11.82       660,251       0.70       0.70       1.82       92  

For the Year Ended October 31, 2018

 

A

  $   17.49     $   0.18     $   (2.19   $   (2.01   $   (0.21   $   (0.61   $   (0.82   $   14.66       (12.07 )%    $   480,730       1.10     1.10     1.05     76

C

    15.33       0.05       (1.90     (1.85     (0.13     (0.61     (0.74     12.74       (12.71     48,193       1.87       1.86       0.32       76  

I

    17.41       0.24       (2.19     (1.95     (0.25     (0.61     (0.86     14.60       (11.81     457,499       0.79       0.79       1.41       76  

R3

    17.73       0.13       (2.22     (2.09     (0.16     (0.61     (0.77     14.87       (12.33     57,967       1.41       1.41       0.73       76  

R4

    18.06       0.18       (2.26     (2.08     (0.21     (0.61     (0.82     15.16       (12.07     157,811       1.11       1.11       1.04       76  

R5

    18.24       0.24       (2.29     (2.05     (0.26     (0.61     (0.87     15.32       (11.82     253,440       0.80       0.80       1.35       76  

R6

    18.34       0.27       (2.30     (2.03     (0.28     (0.61     (0.89     15.42       (11.69     505,433       0.70       0.70       1.56       76  

Y

    18.34       0.25       (2.30     (2.05     (0.27     (0.61     (0.88     15.41       (11.77     1,029,715       0.74       0.74       1.41       76  

F

    17.43       0.25       (2.18     (1.93     (0.28     (0.61     (0.89     14.61       (11.72     599,574       0.70       0.70       1.49       76  

For the Year Ended October 31, 2017

 

A

  $   14.36     $   0.18     $   3.10     $   3.28     $   (0.15   $   —     $   (0.15   $   17.49       23.07   $   571,753       1.14     1.14     1.11     102

C

    12.61       0.05       2.73       2.78       (0.06           (0.06     15.33       22.13       67,778       1.88       1.88       0.37       102  

I

    14.31       0.24       3.07       3.31       (0.21           (0.21     17.41       23.36       428,563       0.89       0.89       1.54       102  

R3

    14.58       0.14       3.14       3.28       (0.13           (0.13     17.73       22.69       69,884       1.42       1.42       0.87       102  

R4

    14.84       0.19       3.20       3.39       (0.17           (0.17     18.06       23.07       192,812       1.12       1.12       1.17       102  

R5

    14.98       0.25       3.22       3.47       (0.21           (0.21     18.24       23.47       240,029       0.82       0.82       1.52       102  

R6

    15.06       0.29       3.21       3.50       (0.22           (0.22     18.34       23.59       218,688       0.71       0.71       1.70       102  

Y

    15.07       0.24       3.25       3.49       (0.22           (0.22     18.34       23.51       1,131,809       0.74       0.74       1.49       102  

F(4)

    14.79       0.20       2.44       2.64                         17.43       17.85 (5)      526,321       0.71 (6)      0.71 (6)      1.75 (6)      102  

For the Year Ended October 31, 2016

 

A

  $     15.11     $   0.18     $   (0.59   $   (0.41   $   (0.11   $   (0.23   $   (0.34   $   14.36       (2.68 )%    $   483,835       1.20     1.20     1.27     82

B

    13.69       0.03       (0.52     (0.49           (0.23     (0.23     12.97       (3.52     1,354       2.39       2.04       0.26       82  

C

    13.32       0.07       (0.53     (0.46     (0.02     (0.23     (0.25     12.61       (3.38     54,507       1.93       1.93       0.52       82  

I

    15.07       0.23       (0.60     (0.37     (0.16     (0.23     (0.39     14.31       (2.34     271,707       0.88       0.88       1.65       82  

R3

    15.33       0.15       (0.60     (0.45     (0.07     (0.23     (0.30     14.58       (2.88     58,367       1.45       1.45       1.02       82  

R4

    15.59       0.19       (0.60     (0.41     (0.11     (0.23     (0.34     14.84       (2.58     139,731       1.14       1.14       1.32       82  

R5

    15.74       0.24       (0.61     (0.37     (0.16     (0.23     (0.39     14.98       (2.33     101,936       0.84       0.84       1.64       82  

R6

    15.82       0.28       (0.64     (0.36     (0.17     (0.23     (0.40     15.06       (2.23     29,571       0.74       0.74       1.87       82  

Y

    15.82       0.27       (0.62     (0.35     (0.17     (0.23     (0.40     15.07       (2.16     1,093,849       0.74       0.74       1.80       82  
The Hartford International Value Fund  

For the Year Ended October 31, 2020

 

A

  $   14.53     $   0.16     $   (3.00   $   (2.84   $   (0.42   $   —     $   (0.42   $   11.27       (20.24 )%    $   29,857       1.22     1.22     1.31     26

C

    14.31       0.05       (2.96     (2.91     (0.28           (0.28     11.12       (20.83     6,692       1.99       1.99       0.37       26  

I

    14.69       0.19       (3.01     (2.82     (0.47           (0.47     11.40       (19.98     450,897       0.92       0.92       1.56       26  

R3

    14.62       0.11       (3.03     (2.92     (0.34           (0.34     11.36       (20.53     344       1.57       1.57       0.88       26  

R4

    14.62       0.15       (3.00     (2.85     (0.45           (0.45     11.32       (20.26     2,812       1.27       1.27       1.26       26  

R5

    14.72       0.20       (3.02     (2.82     (0.46           (0.46     11.44       (19.94     26,420       0.95       0.95       1.59       26  

R6

    15.03       0.20       (3.07     (2.87     (0.48           (0.48     11.68       (19.87     40,184       0.86       0.86       1.58       26  

Y

    15.02       0.19       (3.07     (2.88     (0.47           (0.47     11.67       (19.93     224,804       0.93       0.91       1.43       26  

F

    14.70       0.19       (3.00     (2.81     (0.48           (0.48     11.41       (19.91     176,284       0.86       0.86       1.53       26  

 

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

 

 

  67  

 


Hartford International/Global Equity Funds

Financial Highlights – (continued)

 

 

 

    — Selected Per-Share Data(1)     — Ratios and Supplemental Data —  

Class

  Net Asset
Value at
Beginning
of Period
    Net
Investment
Income
(Loss)
    Net
Realized
and
Unrealized
Gain (Loss)
on
Investments
    Total from
Investment
Operations
    Dividends
from Net
Investment
Income
    Distributions
from
Capital
Gains
    Total
Dividends
and
Distributions
    Net
Asset
Value at
End of
Period
    Total
Return(2)
    Net
Assets at
End of
Period
(000s)
    Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3)
    Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3)
    Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets
    Portfolio
Turnover
 
The Hartford International Value Fund – (continued)  

For the Year Ended October 31, 2019

 

A

  $   15.11     $   0.31     $   0.15     $   0.46     $   (0.34   $   (0.70   $   (1.04   $   14.53       3.90   $   205,566       1.20     1.20     2.19     51

C

    14.86       0.20       0.17       0.37       (0.22     (0.70     (0.92     14.31       3.14       17,367       1.95       1.95       1.45       51  

I

    15.28       0.39       0.12       0.51       (0.40     (0.70     (1.10     14.69       4.20       1,004,021       0.91       0.91       2.74       51  

R3

    15.17       0.25       0.18       0.43       (0.28     (0.70     (0.98     14.62       3.53       669       1.54       1.54       1.80       51  

R4

    15.20       0.31       0.15       0.46       (0.34     (0.70     (1.04     14.62       3.85       1,396       1.25       1.25       2.17       51  

R5

    15.32       0.39       0.11       0.50       (0.40     (0.70     (1.10     14.72       4.13       34,293       0.95       0.95       2.80       51  

R6(17)

    14.59       0.30       0.14       0.44                         15.03       3.05 (5)      170,365       0.84 (6)      0.84 (6)      3.15 (6)      51  

Y

    15.60       0.38       0.14       0.52       (0.40     (0.70     (1.10     15.02       4.21       619,624       0.90       0.89       2.63       51  

F

    15.30       0.36       0.15       0.51       (0.41     (0.70     (1.11     14.70       4.24       280,593       0.84       0.84       2.55       51  

For the Year Ended October 31, 2018

 

A

  $   17.87     $   0.28     $   (1.88   $   (1.60   $   (0.55   $   (0.61   $   (1.16   $   15.11       (9.67 )%    $   293,131       1.20     1.20     1.65     22

C

    17.61       0.15       (1.85     (1.70     (0.44     (0.61     (1.05     14.86       (10.32     26,524       1.92       1.92       0.92       22  

I

    18.07       0.33       (1.90     (1.57     (0.61     (0.61     (1.22     15.28       (9.41     905,960       0.90       0.90       1.91       22  

R3

    17.99       0.23       (1.91     (1.68     (0.53     (0.61     (1.14     15.17       (10.02     851       1.55       1.55       1.32       22  

R4

    17.98       0.28       (1.90     (1.62     (0.55     (0.61     (1.16     15.20       (9.71     1,441       1.25       1.25       1.64       22  

R5

    18.13       0.34       (1.93     (1.59     (0.61     (0.61     (1.22     15.32       (9.46     30,210       0.93       0.93       1.98       22  

Y

    18.43       0.35       (1.95     (1.60     (0.62     (0.61     (1.23     15.60       (9.39     685,942       0.87       0.87       1.99       22  

F

    18.09       0.37       (1.93     (1.56     (0.62     (0.61     (1.23     15.30       (9.31     382,297       0.83       0.83       2.16       22  

For the Year Ended October 31, 2017

 

A

  $   15.02     $   0.28     $   3.28     $   3.56     $   (0.27   $   (0.44   $   (0.71   $   17.87       24.76   $   379,165       1.32     1.32     1.77     26

C

    14.80       0.18       3.24       3.42       (0.17     (0.44     (0.61     17.61       24.01       34,949       1.93       1.93       1.14       26  

I

    15.19       0.40       3.26       3.66       (0.34     (0.44     (0.78     18.07       25.21       1,196,683       0.93       0.93       2.43       26  

R3

    15.14       0.25       3.30       3.55       (0.26     (0.44     (0.70     17.99       24.46       933       1.57       1.57       1.51       26  

R4

    15.12       0.31       3.28       3.59       (0.29     (0.44     (0.73     17.98       24.83       1,758       1.25       1.25       1.91       26  

R5

    15.24       0.46       3.21       3.67       (0.34     (0.44     (0.78     18.13       25.18       21,727       0.93       0.93       2.65       26  

Y

    15.48       0.40       3.34       3.74       (0.35     (0.44     (0.79     18.43       25.29       736,027       0.86       0.86       2.37       26  

F(4)

    15.50       0.31       2.28       2.59                         18.09       16.71 (5)      377,877       0.83 (6)      0.83 (6)      2.61 (6)      26  

For the Year Ended October 31, 2016

 

A

  $   14.31     $   0.19     $   0.96     $   1.15     $   (0.18   $ (  0.26   $   (0.44   $   15.02       8.38   $   445,154       1.35     1.35 %(18)      1.40     32

C

    14.06       0.09       0.96       1.05       (0.05     (0.26     (0.31     14.80       7.70       34,860       2.00       2.00 (18)      0.70       32  

I

    14.45       0.24       0.98       1.22       (0.22     (0.26     (0.48     15.19       8.84       685,403       0.98       0.98 (18)      1.74       32  

R3

    14.28       0.12       1.00       1.12             (0.26     (0.26     15.14       8.08       545       1.61       1.61 (18)      0.85       32  

R4

    14.36       0.19       0.98       1.17       (0.15     (0.26     (0.41     15.12       8.48       1,679       1.30       1.30 (18)      1.36       32  

R5

    14.46       0.23       0.99       1.22       (0.18     (0.26     (0.44     15.24       8.83       708       1.00       1.00 (18)      1.67       32  

Y

    14.72       0.27       0.98       1.25       (0.23     (0.26     (0.49     15.48       8.90       361,119       0.89       0.89 (18)      1.88       32  

 

(1) 

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

(2) 

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

(3) 

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

(4) 

Commenced operations on February 28, 2017.

(5) 

Not annualized.

(6) 

Annualized.

(7) 

Commenced operations on February 29, 2016.

(8) 

Amount is less than $0.01 per share.

(9) 

Commenced operations on February 28, 2018.

(10) 

Per share amount was not in accord with the net realized and unrealized gain (loss) for the period because of the timing of transactions in shares of the Fund and the amount and timing of per-share net realized and unrealized gain (loss) on such shares.

(11) 

Excluding the expenses not subject to cap, the ratios would have been 1.75%, 2.50%, 1.35%, 1.95%, 1.65%, 1.35% and 1.30% for Class A, Class C, Class I, Class R3, Class R4, Class R5 and Class Y, respectively.

 

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

 

 

  68  

 


Hartford International/Global Equity Funds

Financial Highlights – (continued)

 

 

 

(12) 

Includes the Fund’s share of the Master Portfolio’s allocated expenses.

(13) 

Effective October 7, 2019, the Global Impact Fund commenced operations as a stand-alone fund. The portfolio turnover is reflective of the activity from October 7, 2019 to October 31, 2019. The blended portfolio turnover rate of the Global Impact Fund and its former master portfolio, the Global Impact Master Portfolio (the “Master Portfolio”), is 108% which reflects the portfolio turnover of the Master Portfolio from November 1, 2018 through October 4, 2019 and the Global Impact Fund from October 7, 2019 to October 31, 2019.

(14) 

The portfolio turnover of the Fund is reflective of the portfolio turnover of the Master Portfolio.

(15) 

Excluding the expenses not subject to cap, the ratios would have been 1.19%, 1.94%, 1.94%, 0.89%, 1.49%, 1.19%, 0.89% and 0.79% for Class A, Class B, Class C, Class I, Class R3, Class R4, Class R5 and Class Y, respectively.

(16) 

Excluding the expenses not subject to cap, the ratios would have been 1.30%, 2.05%, 2.05%, 1.00%, 1.60%, 1.30%, 1.00% and 0.95% for Class A, Class B, Class C, Class I, Class R3, Class R4, Class R5 and Class Y, respectively.

(17) 

Commenced operations on February 28, 2019.

(18) 

Excluding the expenses not subject to cap, the ratios would have been 1.34%, 1.99%, 0.97%, 1.60%, 1.29%, 0.99%, and 0.88% for Class A, Class C, Class I, Class R3, Class R4, Class R5 and Class Y, respectively.

(19) 

Amount is less than 0.01%.

 

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

 

 

  69  

 


Hartford International/Global Equity Funds

Notes to Financial Statements

October 31, 2020

 

 

 

1.

Organization:

The Hartford Mutual Funds, Inc. (the “Company”) is an open-end registered management investment company comprised of thirty-six series, as of October 31, 2020. Financial statements for the series of the Company listed below (each, a “Fund” and collectively, the “Funds”) are included in this report.

The Hartford Mutual Funds, Inc.:

Hartford Climate Opportunities Fund (the “Climate Opportunities Fund”) (formerly, Hartford Environmental Opportunities Fund)

Hartford Emerging Markets Equity Fund (the “Emerging Markets Equity Fund”)

Hartford Global Impact Fund (the “Global Impact Fund”)

Hartford International Equity Fund (the “International Equity Fund”)

The Hartford International Growth Fund (the “International Growth Fund”)

The Hartford International Opportunities Fund (the “International Opportunities Fund”)

The Hartford International Value Fund (the “International Value Fund”)

The assets of each Fund are separate, and a shareholder’s interest is limited to the Fund in which shares are held. The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (the “SEC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). Each Fund is a diversified open-end management investment company. Each Fund applies specialized accounting and reporting standards under Accounting Standards Codification Topic 946, “Financial Services – Investment Companies”.

Each Fund has registered for sale Class A, Class C, Class I, Class R3, Class R4, Class R5, Class R6, Class Y and Class F shares. Class A shares of each Fund are sold with a front-end sales charge of up to 5.50%. Class C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Effective October 1, 2018, Class C shares automatically convert to Class A shares of the same Fund after ten years provided that the Fund or the financial intermediary has records verifying that the Class C shares have been held for at least ten years. Classes I, R3, R4, R5, R6, Y and F shares do not have a sales charge. Certain classes of the International Equity Fund are closed to new investors, subject to certain exceptions. For more information, please see the Funds’ prospectus.

 

2.

Significant Accounting Policies:

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

 

  a)

Determination of Net Asset Value – The net asset value (“NAV”) of each class of each Fund’s shares is determined as of the close of regular trading on the New York Stock Exchange (the “Exchange”) (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the Exchange is open (“Valuation Date”). If the Exchange is closed due to weather or other extraordinary circumstances on a day it would typically be open for business, each Fund may treat such day as a typical business day and accept purchase and redemption orders and calculate each Fund’s NAV in accordance with applicable law. The NAV of each class of each Fund’s shares is determined by dividing the value of the Fund’s net assets attributable to a class of shares by the number of shares outstanding for that class. Information that becomes known to the Funds after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day.

 

  b)

Investment Valuation and Fair Value MeasurementsFor purposes of calculating the NAV of each class of each Fund, portfolio securities and other assets held in a Fund’s portfolio for which market prices are readily available are valued at market value. Market value is generally determined on the basis of official close price or last reported trade price. If no trades were reported, market value is based on prices obtained from a quotation reporting system, established market makers (including evaluated prices), or independent pricing services. Pricing vendors may use matrix pricing or valuation models that utilize certain inputs and assumptions to derive values, including transaction data, credit quality information, general market conditions, news, and other factors and assumptions.

If market prices are not readily available or are deemed unreliable, a Fund will use the fair value of the security or other instrument as determined in good faith under policies and procedures established by and under the supervision of the Board of Directors of the Company (the “Board of Directors”) (“Valuation Procedures”). Market prices are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or broker quotes), including where events occur after the close of the relevant market, but prior to the NYSE Close, that materially affect the values of a Fund’s portfolio holdings or assets. In addition, market prices are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the securities or other instruments trade do not open for trading for the entire day and no other market prices are available. Fair value pricing is subjective in nature and the use of fair value pricing by a Fund may cause the NAV of its shares to differ significantly from the NAV that would have been

 

 

  70  

 


Hartford International/Global Equity Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

calculated using market prices at the close of the exchange on which a portfolio holding is primarily traded. There can be no assurance that a Fund could obtain the fair value assigned to an investment if the Fund were to sell the investment at approximately the time at which the Fund determines its NAV.

Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close. Securities and other instruments that are primarily traded on foreign markets may trade on days that are not business days of the Funds. The value of the foreign securities or other instruments in which a Fund invests may change on days when a shareholder will not be able to purchase, redeem or exchange shares of the Fund.

Fixed income investments (other than short-term obligations) held by a Fund are normally valued at prices supplied by independent pricing services in accordance with the Valuation Procedures. Short-term investments maturing in 60 days or less are generally valued at amortized cost.

Exchange-traded derivatives, such as options, futures and options on futures, are valued at the last sale price determined by the exchange where such instruments principally trade as of the close of such exchange (“Exchange Close”). If a last sale price is not available, the value will be the mean of the most recently quoted bid and ask prices as of the Exchange Close. If a mean of the bid and ask prices cannot be calculated for the day, the value will be the most recently quoted bid price as of the Exchange Close. Over-the-counter derivatives are normally valued based on prices supplied by independent pricing services in accordance with the Valuation Procedures.

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

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

Investments in open-end mutual funds, if any, are valued at the respective NAV of each open-end mutual fund on the Valuation Date. Shares of investment companies listed and traded on an exchange are valued in the same manner as any exchange-listed equity security. Such open-end mutual funds and listed investment companies may use fair value pricing as disclosed in their prospectuses.

Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with the Valuation Procedures.

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

 

   

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

   

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

   

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

 

 

  71  

 


Hartford International/Global Equity Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

The Board of Directors has delegated the day-to-day responsibility for implementing the Valuation Procedures to the Valuation Committee. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of such Fund’s sub-adviser(s), as applicable, knowledgeable brokers, and legal counsel in making such determination. The Valuation Committee reports to the Audit Committee of the Board of Directors.

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

For additional information, refer to the Fair Value Summary and the Level 3 roll-forward reconciliation, if applicable, which follows each Fund’s Schedule of Investments.

 

  c)

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

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

Please refer to Note 9 for Securities Lending information.

 

  d)

Taxes – A Fund may be subject to taxes imposed on realized gains on securities of certain foreign countries in which such Fund invests. A Fund may also be subject to taxes withheld on foreign dividends from securities in which the Fund invests. The amount of any foreign taxes withheld and foreign tax expense is included on the accompanying Statements of Operations as a reduction to net investment income or net realized gain on investments in these securities, if applicable.

 

  e)

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

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

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

 

  f)

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

 

  g)

Fund Share Valuation and Dividend Distributions to Shareholders – Orders for each class of each Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of each class of each Fund’s shares is determined as of the close of business on each business day of the Exchange (see Note 2(a)). The NAV is determined separately for each class of shares of a Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by a Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class of the Fund. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of each Fund.

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

Dividends are declared pursuant to a policy adopted by the Company’s Board of Directors. Dividends and/or distributions to shareholders are recorded on ex-date. The policy of each Fund is to pay dividends from net investment income and realized gains, if any, at least once a year.

 

 

  72  

 


Hartford International/Global Equity Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

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

 

3.

Securities and Other Investments:

 

  a)

Restricted Securities – Each Fund may invest in securities that are subject to legal or contractual restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are registered. Disposal of these securities may involve time-consuming negotiations and expense, and prompt sale at an acceptable price may be difficult. Information regarding restricted securities, if applicable, is included at the end of each Fund’s Schedule of Investments.

 

  b)

Repurchase Agreements – A repurchase agreement is an agreement between two parties whereby one party sells the other a security at a specified price with a commitment to repurchase the security later at an agreed-upon price, date and interest payment. Each Fund is permitted to enter into fully collateralized repurchase agreements. The Company’s Board of Directors has delegated to the sub-adviser(s), as applicable, the responsibility of evaluating the creditworthiness of the banks and securities dealers with which the Funds will engage in repurchase agreements. The sub-adviser(s) will monitor such transactions to ensure that the value of underlying collateral will be at least equal to the total amount of the repurchase obligation as required by the valuation provision of the repurchase agreement, including the accrued interest. Repurchase agreements carry the risk that the market value of the securities declines below the repurchase price. A Fund could also lose money if it is unable to recover the securities and the value of any collateral held or assets segregated by the Fund to cover the transaction is less than the value of the securities. In the event the borrower commences bankruptcy proceedings, a court may characterize the transaction as a loan. If a Fund has not perfected a security interest in the underlying collateral, the Fund may be required to return the underlying collateral to the borrower’s estate and be treated as an unsecured creditor. As an unsecured creditor, the Fund could lose some or all of the principal and interest involved in the transaction. See each Fund’s Schedule of Investments, if applicable, for repurchase agreements as of October 31, 2020.

 

4.

Financial Derivative Instruments:

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

 

  a)

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

Foreign currency contracts involve elements of market risk in excess of the amounts reflected in the Statements of Assets and Liabilities. In addition, risks may arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of the contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar. Upon entering into a foreign currency contract, a Fund may be required to post margin equal to its outstanding exposure thereunder.

During the year ended October 31, 2020, the Emerging Markets Equity Fund had used Foreign Currency Contracts.

 

  b)

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

During the year ended October 31, 2020, each of Emerging Markets Equity Fund, International Equity Fund and International Value Fund had used Futures Contracts.

 

 

  73  

 


Hartford International/Global Equity Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

  c)

Additional Derivative Instrument Information:

Emerging Markets Equity Fund

The Effect of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2020:

 

     Risk Exposure Category  
     Interest Rate
Contracts
     Foreign
Currency
Contracts
     Credit
Contracts
     Equity
Contracts
     Commodity
Contracts
     Other
Contracts
     Total  

Assets:

 

Unrealized appreciation on futures contracts(1)

   $      $      $      $ 53,073      $      $      $ 53,073  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $     —      $     —      $     —      $     53,073      $     —      $     —      $     53,073  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

  (1) 

Amount represents the cumulative appreciation and depreciation on futures contracts as disclosed within the Schedule of Investments under the open “Futures Contracts” section. Only current day’s variation margin, if any, is reported within the Statement of Assets and Liabilities.

The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2020:

 

     Risk Exposure Category  
     Interest Rate
Contracts
     Foreign
Currency
Contracts
    Credit
Contracts
     Equity
Contracts
    Commodity
Contracts
     Other
Contracts
     Total  

Realized Gain (Loss) on Derivatives Recognized as a Result of Operations:

                  

Net realized gain (loss) on futures contracts

   $      $     $      $ 1,134,408     $      $      $ 1,134,408  

Net realized gain (loss) on foreign currency contracts

            (1,875                                (1,875
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Total

   $      $     (1,875   $     —      $     1,134,408     $     —      $     —      $     1,132,533  
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:

                  

Net change in unrealized appreciation (depreciation) of futures contracts

   $      $     $      $ (32,476   $      $      $ (32,476
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Total

   $     —      $     $      $ (32,476   $      $      $ (32,476
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

For the year ended October 31, 2020, the average monthly amount or number per contract outstanding for each derivative type was as follows:

 

Derivative Description

   Average Notional
Par, Contracts
or Face Amount
 

Futures Contracts Long at Number of Contracts

     96  

Foreign Currency Contracts Sold at Contract Amount

   $     21,367  

International Equity Fund

The Effect of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2020:

 

     Risk Exposure Category  
     Interest Rate
Contracts
     Foreign
Currency
Contracts
     Credit
Contracts
     Equity
Contracts
     Commodity
Contracts
     Other
Contracts
     Total  

Liabilities:

                    

Unrealized depreciation on futures contracts(1)

   $      $      $      $ 174,025      $      $      $ 174,025  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $     —      $     —      $     —      $     174,025      $     —      $     —      $     174,025  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

  (1) 

Amount represents the cumulative appreciation and depreciation on futures contracts as disclosed within the Schedule of Investments under the open “Futures Contracts” section. Only current day’s variation margin, if any, is reported within the Statement of Assets and Liabilities.

 

 

  74  

 


Hartford International/Global Equity Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

International Equity Fund – (continued)

 

The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2020:

 

     Risk Exposure Category  
     Interest Rate
Contracts
     Foreign
Currency
Contracts
     Credit
Contracts
     Equity
Contracts
    Commodity
Contracts
     Other
Contracts
     Total  

Realized Gain (Loss) on Derivatives Recognized as a Result of Operations:

                   

Net realized gain (loss) on futures contracts

   $     —      $     —      $     —      $     (2,180,439   $     —      $     —      $     (2,180,439
  

 

 

    

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Total

   $      $      $      $ (2,180,439   $      $      $ (2,180,439
  

 

 

    

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:

                   

Net change in unrealized appreciation (depreciation) of futures contracts

   $      $      $      $ (290,973   $      $      $ (290,973
  

 

 

    

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Total

   $      $      $      $ (290,973   $      $      $ (290,973
  

 

 

    

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

For the year ended October 31, 2020, the average monthly amount or number per contract outstanding for each derivative type was as follows:

 

Derivative Description

   Average Notional
Par, Contracts
or Face Amount
 

Futures Contracts Long at Number of Contracts

     102  

International Value Fund

The Effect of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2020:

 

     Risk Exposure Category  
     Interest Rate
Contracts
     Foreign
Currency
Contracts
     Credit
Contracts
     Equity
Contracts
     Commodity
Contracts
     Other
Contracts
     Total  

Liabilities:

                    

Unrealized depreciation on futures contracts(1)

   $     —      $     —      $     —      $     50,091      $     —      $     —      $     50,091  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $      $      $      $ 50,091      $      $      $ 50,091  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

  (1) 

Amount represents the cumulative appreciation and depreciation on futures contracts as disclosed within the Schedule of Investments under the open “Futures Contracts” section. Only current day’s variation margin, if any, is reported within the Statement of Assets and Liabilities.

The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2020:

 

     Risk Exposure Category  
     Interest Rate
Contracts
     Foreign
Currency
Contracts
     Credit
Contracts
     Equity
Contracts
    Commodity
Contracts
     Other
Contracts
     Total  

Realized Gain (Loss) on Derivatives Recognized as a Result of Operations:

                   

Net realized gain (loss) on futures contracts

   $      $      $      $     1,001,927     $      $      $     1,001,927  
  

 

 

    

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Total

   $      $      $      $ 1,001,927     $      $      $ 1,001,927  
  

 

 

    

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:

                   

Net change in unrealized appreciation (depreciation) of futures contracts

   $      $      $      $ (387,717   $      $      $ (387,717
  

 

 

    

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Total

   $     —      $     —      $     —      $ (387,717   $     —      $     —      $ (387,717
  

 

 

    

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

For the year ended October 31, 2020, the average monthly amount or number per contract outstanding for each derivative type was as follows:

 

Derivative Description

   Average Notional
Par, Contracts
or Face Amount
 

Futures Contracts Long at Number of Contracts

     142  

 

 

  75  

 


Hartford International/Global Equity Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

  d)

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

The following tables present a Fund’s derivative assets and liabilities, presented on a gross basis as no amounts are netted within the Statements of Assets and Liabilities, by counterparty net of amounts available for offset under a master netting agreement or similar agreement (“MNA”) and net of the related collateral received/pledged by a Fund as of October 31, 2020:

Emerging Markets Equity Fund

 

Derivative Financial Instruments:

   Assets     Liabilities  

Futures contracts

   $     53,073     $     —  
  

 

 

   

 

 

 

Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities

     53,073        
  

 

 

   

 

 

 

Derivatives not subject to a MNA

     (53,073      
  

 

 

   

 

 

 

Total gross amount of assets and liabilities subject to MNA or similar agreements

   $     $  
  

 

 

   

 

 

 

International Equity Fund

 

Derivative Financial Instruments:

   Assets      Liabilities  

Futures contracts

   $     —      $ (174,025
  

 

 

    

 

 

 

Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities

            (174,025
  

 

 

    

 

 

 

Derivatives not subject to a MNA

                  174,025  
  

 

 

    

 

 

 

Total gross amount of assets and liabilities subject to MNA or similar agreements

   $      $  
  

 

 

    

 

 

 

International Value Fund

 

Derivative Financial Instruments:

   Assets      Liabilities  

Futures contracts

   $     —      $ (50,091
  

 

 

    

 

 

 

Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities

            (50,091
  

 

 

    

 

 

 

Derivatives not subject to a MNA

                  50,091  
  

 

 

    

 

 

 

Total gross amount of assets and liabilities subject to MNA or similar agreements

   $      $  
  

 

 

    

 

 

 

 

5.

Principal Risks:

A Fund’s investments expose it to various types of risks associated with financial instruments and the markets. A Fund may be exposed to the risks described below. Each Fund’s prospectus provides details of its principal risks.

The market values of equity securities, such as common stocks and preferred stocks, or equity related derivative investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. Equity securities and equity related investments generally have greater market price volatility than fixed income securities. The extent of each Fund’s exposure to market risk is the market value of the investments held as shown in the Fund’s Schedule of Investments.

A widespread health crisis, such as a global pandemic, could cause substantial market volatility, exchange trading suspensions or restrictions and closures of securities exchanges and businesses, impact the ability to complete redemptions, and adversely impact Fund performance. The current ongoing outbreak of COVID-19, a respiratory disease caused by a novel coronavirus, has negatively affected the worldwide economy, the financial health of individual companies and the market in significant and unforeseen ways. The future impact of the ongoing COVID-19 pandemic remains unclear. The effects to public health, business and market conditions resulting from COVID-19 pandemic may have a significant negative impact on the performance of a Fund’s investments, including exacerbating other pre-existing political, social and economic risks.

 

 

  76  

 


Hartford International/Global Equity Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

Investing in the securities of non-U.S. issuers, whether directly or indirectly, involves certain considerations and risks not typically associated with securities of U.S. issuers. Such risks include, but are not limited to: generally less liquid and less efficient securities markets; generally greater price volatility; exchange rate fluctuations; imposition of restrictions on the expatriation of funds or other protectionist measures; less publicly available information about issuers; the imposition of withholding or other taxes; higher transaction and custody costs; settlement delays and risk of loss attendant in settlement procedures; difficulties in enforcing contractual obligations; less regulation of securities markets; different accounting, disclosure and reporting requirements; more substantial governmental involvement in the economy; higher inflation rates; and greater social, economic and political uncertainties. Non-U.S. issuers may also be affected by political, social, economic or diplomatic developments in a foreign country or region or the U.S. (including the imposition of sanctions, tariffs, or other governmental restrictions). These risks are heightened for investments in issuers from countries with less developed markets.

Securities lending involves the risk that a Fund may lose money because the borrower of the loaned securities fails to return the securities in a timely manner or at all. A Fund could also lose money in the event of a decline in the value of the collateral provided for the loaned securities or a decline in the value of any investments made with cash collateral. These events could also trigger adverse tax consequences for a Fund that lends its holdings.

 

6.

Federal Income Taxes:

 

  a)

Each Fund intends to continue to qualify as a Regulated Investment Company (“RIC”) under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net investment income and net realized capital gains to its shareholders each year. Each Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2020. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes.

 

  b)

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

 

  c)

Distributions and Components of Distributable Earnings – The tax character of distributions paid by each Fund for the years ended October 31, 2020 and October 31, 2019 are as follows:

 

     For the Year Ended
October 31, 2020
     For the Year Ended
October 31, 2019
 

Fund

   Ordinary
Income
     Long-Term
Capital Gains(1)
     Ordinary
Income
     Long-Term
Capital Gains(1)
 

Climate Opportunities Fund

   $ 209,754      $     787,883      $ 815,434      $ 2,715,995  

Emerging Markets Equity Fund

     7,706,634               2,661,520         

Global Impact Fund

     645,398               3,814,750         

International Equity Fund

     21,795,762               2,079,593        2,520,771  

International Growth Fund

     2,743,072               2,456,585            21,463,859  

International Opportunities Fund

     58,210,750               52,957,294        81,134,153  

International Value Fund

         71,505,291                   70,664,397        77,265,580  

 

  (1) 

The Funds designate these distributions as long-term capital gain dividends pursuant to IRC Sec 852(b)(3)(c).

As of October 31, 2020, the components of total accumulated earnings (deficit) for each Fund on a tax basis are as follows:

 

Fund

   Undistributed
Ordinary
Income
     Undistributed
Long-Term
Capital Gain
     Accumulated
Capital and
Other Losses
    Unrealized
Appreciation
(Depreciation) on
Investments(1)
    Total
Accumulated
Earnings
(Deficit)
 

Climate Opportunities Fund

   $ 1,002,698      $      $     $ 9,402,966     $ 10,405,664  

Emerging Markets Equity Fund

     4,681,236               (52,970,456     38,263,508       (10,025,712

Global Impact Fund

     500,175               (26,375,355     13,645,876       (12,229,304

International Equity Fund

     9,271,888               (55,960,683     5,477,604       (41,211,191

International Growth Fund

     1,028,969            19,501,709              46,299,965       66,830,643  

International Opportunities Fund

         26,473,802               (402,676,050 )       719,138,213       342,935,965  

International Value Fund

     25,774,525                   (429,500,336         (257,515,619         (661,241,430

 

  (1) 

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

 

 

  77  

 


Hartford International/Global Equity Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

  d)

Reclassification of Capital Accounts – The Funds may record reclassifications in their capital accounts. These reclassifications have no impact on the total net assets of the Funds. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as non-deductible expenses from partnership investments, adjustments due to collapse of the master partnership fund, and capital loss carryforwards from a fund merger. Adjustments are made to reflect the impact these items have on the current and future distributions to shareholders. Therefore, the source of the Funds’ distributions may be shown in the accompanying Statements of Changes in Net Assets as from distributable earnings or from capital depending on the type of book and tax differences that exist. For the year ended October 31, 2020, the Funds recorded reclassifications to increase (decrease) the accounts listed below:

 

Fund

   Capital Stock and
Paid-in-Capital
     Distributable
Earnings (Loss)
 

Global Impact Fund

   $     26,890,690      $     (26,890,690

International Equity Fund

     253,430        (253,430

 

  e)

Tax Basis of Investments – The aggregate cost of investments for federal income tax purposes at October 31, 2020 is different from book purposes primarily due to wash sale loss deferrals, partnerships and passive foreign investment company (PFIC) mark-to-market adjustments. The net unrealized appreciation/(depreciation) on investments for tax purposes, which consists of gross unrealized appreciation and depreciation, was also different from book purposes primarily due to wash sale loss deferrals and mark-to-market adjustments on futures and PFICs. Both the cost and unrealized appreciation and depreciation for federal income tax purposes are disclosed below:

 

Fund

   Tax Cost      Gross Unrealized
Appreciation
     Gross Unrealized
(Depreciation)
    Net Unrealized
Appreciation
(Depreciation)
 

Climate Opportunities Fund

   $ 46,239,477      $ 10,851,158      $ (1,449,967   $ 9,401,191  

Emerging Markets Equity Fund

     330,580,462        60,730,532        (22,461,648     38,268,884  

Global Impact Fund

     69,304,502        17,733,644        (4,084,877     13,648,767  

International Equity Fund

     777,891,344        75,058,738        (69,634,503     5,424,235  

International Growth Fund

     502,515,316        61,137,618        (14,866,110     46,271,508  

International Opportunities Fund

         2,967,768,291            767,919,914        (49,072,407     718,847,507  

International Value Fund

     1,200,216,494        76,374,168            (334,172,345         (257,798,177

 

  f)

Capital Loss Carryforward – Under the Regulated Investment Company Modernization Act of 2010, funds are permitted to carry forward capital losses for an unlimited period. At October 31, 2020 (tax year end), each Fund’s capital loss carryforwards for U.S. federal income tax purposes were as follows:

 

Fund

   Short-Term
Capital Loss
Carryforward with
No Expiration
    Long-Term
Capital Loss
Carryforward with
No Expiration
 

Emerging Markets Equity Fund

   $ 46,772,685     $ 6,197,771  

Global Impact Fund

     4,345,748     22,029,607

International Equity Fund

     29,889,553     26,071,130

International Opportunities Fund

         332,125,526       70,550,524  

International Value Fund

     50,618,968           378,881,368  

 

  *

Future utilization of losses are subject to limitation under current tax laws.

The Climate Opportunities Fund and International Growth Fund had no capital loss carryforward for U.S. federal income tax purposes as of October 31, 2020 (tax year-end).

During the year ended October 31, 2020, Global Impact Fund and International Growth Fund utilized $1,052,714 and $11,971,308 of prior year capital loss carryforwards, respectively.

 

  g)

Accounting for Uncertainty in Income Taxes – Pursuant to provisions set forth by U.S. GAAP, Hartford Funds Management Company, LLC (“HFMC”) reviews each Fund’s tax positions for all open tax years. As of October 31, 2020, HFMC had reviewed the open tax years and concluded that there was no reason to record a liability for net unrecognized tax obligations relating to uncertain income tax positions. Each Fund files U.S. tax returns. Although the statute of limitations for examining a Fund’s U.S. tax returns remains open for 3 years, no examination is currently in progress. The Funds recognize interest and penalties, if any, related to unrecognized tax benefits as income tax expense on the Statements of Operations. During the year ended October 31, 2020, the Funds did not incur any interest or penalties. HFMC is not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax obligations will significantly change in the next twelve months.

 

7.

Expenses:

 

  a)

Investment Management Agreement – HFMC serves as each Fund’s investment manager. The Company, on behalf of each Fund, has entered into an Investment Management Agreement with HFMC. HFMC is an indirect subsidiary of The Hartford Financial Services Group,

 

 

  78  

 


Hartford International/Global Equity Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

  Inc. (“The Hartford”). HFMC has overall investment supervisory responsibility for each Fund. In addition, HFMC provides administrative personnel, services, equipment, facilities and office space for proper operation of each Fund. HFMC has contracted with Wellington Management Company LLP (“Wellington Management”) under a sub-advisory agreement and Wellington Management performs the daily investment of the assets of each Fund (or allocated portion of the assets in the case of Climate Opportunities Fund) in accordance with the Fund’s investment objective and policies. With respect to the Climate Opportunities Fund, HFMC has also entered into a sub-advisory agreement with Schroder Investment Management North America Inc. (“SIMNA”) and SIMNA has contracted with Schroder Investment Management North America Limited (“SIMNA Ltd.”) under a sub-sub-advisory agreement. SIMNA and SIMNA Ltd. perform the daily investment of the assets for a portion of the Climate Opportunities Fund in accordance with the Fund’s investment objective and policies. HFMC pays a sub-advisory fee to one or more sub-advisers out of its investment management fee. With respect to Climate Opportunities Fund, SIMNA pays a sub-sub-advisory fee to SIMNA Ltd. out of the sub-advisory fees received from HFMC for the Fund.

The schedule below reflects the rates of compensation paid to HFMC for investment management services rendered as of October 31, 2020; the rates are accrued daily and paid monthly based on each Fund’s average daily net assets, at the following annual rates:

 

Fund

  

Management Fee Rates

Climate Opportunities Fund

  

0.6200% on first $500 million and;

  

0.6000% on next $500 million and;

  

0.5800% on next $1.5 billion and;

  

0.5750% on next $2.5 billion and;

  

0.5700% over $5 billion

Emerging Markets Equity Fund

  

0.9000% on first $500 million and;

  

0.8500% on next $500 million and;

  

0.8000% over $1 billion

Global Impact Fund

  

0.6200% on first $500 million and;

  

0.6000% on next $500 million and;

  

0.5800% on next $1.5 billion and;

  

0.5750% on next $2.5 billion and;

  

0.5700% over $5 billion

International Equity Fund

  

0.4600% on first $1 billion and;

  

0.4500% on next $1 billion and;

  

0.4400% on next $3 billion and

  

0.4300% over $5 billion

International Growth Fund

  

0.8000% on first $250 million and;

  

0.7500% on next $250 million and;

  

0.7000% on next $500 million and;

  

0.6500% over $1 billion

International Opportunities Fund

  

0.7500% on first $500 million and;

  

0.6500% on next $500 million and;

  

0.6400% on next $1.5 billion and;

  

0.6350% on next $2.5 billion and;

  

0.6300% on next $5 billion and;

  

0.6250% over $10 billion

International Value Fund

  

0.8500% on first $500 million and;

  

0.8000% on next $500 million and;

  

0.7500% on next $4 billion and;

  

0.7475% on next $5 billion and;

  

0.7450% over $10 billion

 

  b)

Accounting Services Agreement – HFMC provides the Funds with accounting services pursuant to a fund accounting agreement by and between the Company, on behalf of the Funds, and HFMC. HFMC has delegated certain accounting and administrative service functions to State Street Bank and Trust Company (“State Street”). In consideration of services rendered and expenses assumed pursuant to the fund accounting agreement, each Fund pays HFMC a fee. Effective January 1, 2020, the fund accounting agreement with respect to each Fund was modified to reflect a new fee structure. Under this revised fee structure, HFMC is entitled to receive the following fee with respect to each Fund: the sub-accounting fee payable by HFMC to State Street plus the amount of expenses that HFMC allocates for providing the fund accounting services.

From November 1, 2019 through December 31, 2019, the accounting services fees for each Fund were accrued daily and paid monthly at the rates below.

 

Climate Opportunities Fund, Emerging Markets Equity Fund, Global Impact Fund, International Equity Fund, International Growth Fund, International
Opportunities Fund, and International Value Fund
 
Average Daily Net Assets    Annual Fees  

first $3.5 billion and;

     0.018%  

next $3.5 billion and

     0.014%  

Amount over $7 billion

     0.010%  

 

 

  79  

 


Hartford International/Global Equity Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

  c)

Operating Expenses – Allocable expenses incurred by the Company are allocated to each series within the Company, and allocated to classes within each such series, in proportion to the average daily net assets of such series and classes, except where allocation of certain expenses is more fairly made directly to a Fund or to specific classes within a Fund. As of October 31, 2020, HFMC contractually agreed to limit the total annual fund operating expenses (exclusive of taxes, interest expenses, brokerage commissions, acquired fund fees and expenses, and extraordinary expenses) through February 28, 2021 (unless the Board of Directors approves its earlier termination) as follows for the following Funds:

 

     Expense Limit as a Percentage of Average Daily Net Assets  

Fund

   Class A     Class C     Class I     Class R3     Class R4     Class R5     Class R6     Class Y     Class F  

Climate Opportunities Fund

     1.19     1.94     0.89     1.41     1.11     0.81     0.69     0.79     0.69

Emerging Markets Equity Fund

     1.45     2.20     1.20     1.70     1.45     1.15     0.98     1.10     0.98

Global Impact Fund

     1.19     1.94     0.89     1.41     1.11     0.81     0.69     0.79     0.69

International Growth Fund

     1.30     2.05     1.00     1.57     1.27     1.00     0.85     0.95     0.85

 

  d)

Fees Paid Indirectly – Certain Funds have entered into agreements with State Street Global Markets, LLC and Russell Implementation Services, Inc. to partially recapture non-discounted trade commissions. Such rebates are used to pay a portion of a Fund’s expenses. For the year ended October 31, 2020, these amounts, if any, are included in the Statements of Operations.

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

 

Fund

   Class A     Class C     Class I     Class R3     Class R4     Class R5     Class R6     Class Y     Class F  

Climate Opportunities Fund

     1.10     1.94     0.83     0.92     0.93     0.81     0.69     0.79     0.69

Emerging Markets Equity Fund

     1.41     2.20     1.08     1.70     1.39     1.10     0.98     1.08     0.98

Global Impact Fund

     1.02     1.75     0.66     1.22     0.87     0.59     0.59     0.43     0.41

International Equity Fund

     0.99     1.75     0.63     1.23     0.95     0.66     0.55     0.65     0.54

International Growth Fund

     1.30     2.05     0.93     1.57     1.26     0.95     0.85     0.95     0.85

International Opportunities Fund

     1.12     1.89     0.78     1.42     1.10     0.80     0.70     0.76     0.70

International Value Fund

     1.22     1.99     0.92     1.57     1.27     0.95     0.86     0.91     0.86

 

  e)

Sales Charges and Distribution and Service Plan for Class A, C, R3 and R4 Shares – Hartford Funds Distributors, LLC (“HFD”), an indirect subsidiary of The Hartford, is the principal underwriter and distributor of each Fund. For the year ended October 31, 2020, HFD received front-end sales charges and contingent deferred sales charges for each Fund as follows:

 

Fund

   Front-end
Sales Charges
     Contingent Deferred
Sales Charges
 

Climate Opportunities Fund

   $ 88,038      $  

Emerging Markets Equity Fund

     29,587        1,390  

Global Impact Fund

     21,336        132  

International Equity Fund

     193,024        753  

International Growth Fund

     174,150        1,012  

International Opportunities Fund

     461,839        4,867  

International Value Fund

     7,264         

The Board of Directors of the Company has approved the adoption of a separate distribution plan (each a “Plan”) pursuant to Rule 12b-1 under the 1940 Act for each of Class A, C, R3 and R4 shares. Under a Plan, Class A, Class C, Class R3 and Class R4 shares of a Fund, as applicable, bear distribution and/or service fees paid to HFD, some or all of which may be paid to select broker-dealers. Pursuant to the Class A Plan, a Fund may pay HFD a fee of up to 0.25% of the average daily net assets attributable to Class A shares for distribution financing activities and shareholder account servicing activities. The entire amount of the fee may be used for shareholder servicing expenses and/or distribution expenses. Pursuant to the Class C Plan, a Fund may pay HFD a fee of up to 1.00% of the average daily net assets attributable to Class C shares for distribution financing activities, and up to 0.25% may be used for shareholder account servicing activities. The Class C Plan also provides that HFD will receive all contingent deferred sales charges attributable to Class C shares. Pursuant to the Class R3 Plan, a Fund may pay HFD a fee of up to 0.50% of the average daily net assets attributable to Class R3 shares for distribution financing activities, and up to 0.25% may be used for shareholder account servicing activities. Pursuant to the Class R4 Plan, a Fund may pay HFD a fee of up to 0.25% of the average daily net assets attributable to Class R4 shares for distribution financing activities. The entire amount of the fee may be used for shareholder account servicing activities. Each Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the Company’s Board of Directors may determine. Any 12b-1 fees attributable to assets held in an account held directly with the Funds’ transfer agent for which there is not a third party listed as the broker-dealer of record (or HFD does not otherwise have a payment obligation) are generally reimbursed to the applicable Fund. Such amounts are reflected as “Distribution fee reimbursements” on the Statements of Operations.

 

 

  80  

 


Hartford International/Global Equity Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

  f)

Other Related Party Transactions – Certain officers of the Company are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the year ended October 31, 2020, a portion of the Company’s Chief Compliance Officer’s (“CCO”) compensation was paid by all of the investment companies in the Hartford fund complex. The portion allocated to each Fund, as represented in other expenses on the Statements of Operations, is outlined in the table below.

 

Fund

   CCO Compensation
Paid by Fund
 

Climate Opportunities Fund

   $ 105  

Emerging Markets Equity Fund

     765  

Global Impact Fund

     172  

International Equity Fund

     1,903  

International Growth Fund

     816  

International Opportunities Fund

     8,267  

International Value Fund

     3,352  

Hartford Administrative Services Company (“HASCO”), an indirect subsidiary of The Hartford, provides transfer agent services to each Fund. Each Fund pays HASCO a transfer agency fee payable monthly based on the lesser of (i) the costs of providing or overseeing transfer agency services provided to each share class of such Fund plus a target profit margin or (ii) a Specified Amount (as defined in the table below). Such fee is intended to compensate HASCO for: (i) fees payable by HASCO to DST Asset Manager Solutions, Inc. (“DST”) (and any other designated sub-agent) according to the agreed-upon fee schedule under the sub-transfer agency agreement between HASCO and DST (or between HASCO and any other designated sub-agent, as applicable); (ii) sub-transfer agency fees payable by HASCO to financial intermediaries, according to the agreed-upon terms between HASCO and the financial intermediaries, provided that such payments are within certain limits approved by the Company’s Board of Directors; (iii) certain expenses that HASCO’s parent company, Hartford Funds Management Group, Inc., allocates to HASCO that relate to HASCO’s transfer agency services provided to the Fund; and (iv) a target profit margin.

 

Share Class

   Specified Amount
(as a percentage
average daily
net assets)
 

Class A

     0.25

Class C

     0.25

Class I

     0.20

Class Y

     0.11

Class R3

     0.22

Class R4

     0.17

Class R5

     0.12

Class R6

     0.004

Class F

     0.004

Effective February 28, 2020, HASCO has contractually agreed to waive and/or reimburse a portion of the transfer agency fees for the share classes of the Funds listed below to the extent necessary to limit the transfer agency fees as follows through February 28, 2021, unless the Board of Directors approves its earlier termination:

 

Fund

   Class Y  

International Opportunities Fund

     0.07

International Value Fund

     0.06

From November 1, 2019 to February 27, 2020, HASCO contractually agreed to waive and/or reimburse a portion of the transfer agency fees for the share classes of the Funds listed below to the extent necessary to limit the transfer agency fees as follows:

 

Fund

   Class Y  

International Opportunities Fund

     0.05

International Value Fund

     0.06

Pursuant to a sub-transfer agency agreement between HASCO and DST, HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to DST. Each Fund does not pay any fee directly to DST; rather, HASCO makes all such payments to DST. The accrued amount shown in the Statements of Operations reflects the amounts charged by HASCO. These fees are accrued daily and paid monthly.

For the year ended October 31, 2020, the effective rate of compensation paid to HASCO for transfer agency services as a percentage of each Class’ average daily net assets is as follows:

 

Fund

   Class A     Class C     Class I     Class R3     Class R4     Class R5     Class R6     Class Y     Class F  

Climate Opportunities Fund

     0.16     0.25     0.14     0.22     0.17     0.12     0.00     0.11     0.00

Emerging Markets Equity Fund

     0.18     0.25     0.10     0.22     0.17     0.12     0.00     0.10     0.00

 

 

  81  

 


Hartford International/Global Equity Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

Fund

   Class A     Class C     Class I     Class R3     Class R4     Class R5     Class R6     Class Y     Class F  

Global Impact Fund

     0.23     0.21     0.10     0.20     0.13     0.10     0.00     0.00     0.00

International Equity Fund

     0.20     0.21     0.09     0.20     0.16     0.12     0.00     0.11     0.00

International Growth Fund

     0.22     0.24     0.08     0.22     0.16     0.10     0.00     0.11     0.00

International Opportunities Fund

     0.17     0.19     0.08     0.22     0.15     0.10     0.00     0.06     0.00

International Value Fund

     0.12     0.13     0.07     0.22     0.17     0.09     0.00     0.06     0.00

 

8.

Affiliate Holdings:

As of October 31, 2020, affiliates of The Hartford had ownership of shares in each Fund as follows:

Percentage of a Class:

 

Fund

   Class A     Class C     Class I      Class R3     Class R4     Class R5     Class R6     Class Y     Class F  

Climate Opportunities Fund

                        100     60     100     100           45

Emerging Markets Equity Fund

                              4           1            

Global Impact Fund

     0 %*      1            0 %*      2     6     0 %*      1      

International Equity Fund

                                          0 %*             

International Growth Fund

                                          0 %*             

International Opportunities Fund

                                                       

International Value Fund

                                          0 %*             

Percentage of Fund by Class:

 

Fund

   Class A     Class C     Class I      Class R3     Class R4     Class R5     Class R6     Class Y     Class F  

Climate Opportunities Fund

                        0 %*      0 %*      0 %*      0 %*            32

Emerging Markets Equity Fund

                              0 %*            0 %*             

Global Impact Fund

     0 %*      0 %*             0 %*      0 %*      0 %*      0 %*      0 %*       

International Equity Fund

                                          0 %*             

International Growth Fund

                                          0 %*             

International Opportunities Fund

                                                       

International Value Fund

                                          0 %*             

 

  *

Percentage rounds to zero.

As of October 31, 2020, affiliated funds of funds and certain 529 plans for which HFMC serves as the program manager (the “529 plans”) in the aggregate owned a portion of the Funds identified below. Therefore, these Funds may experience relatively large purchases or redemptions of its shares from these affiliated funds of funds and the 529 plans. Affiliated funds of funds and the 529 plans owned shares in the Funds listed below as follows:

 

Fund

   Percentage
of Fund*
 

Emerging Markets Equity Fund

     5

International Growth Fund

     5

International Opportunities Fund

     6

International Value Fund

     4

 

  *

As of October 31, 2020, the affiliated funds of funds and the 529 plans were invested in Class F shares.

 

9.

Securities Lending:

The Company has entered into a securities lending agency agreement (“lending agreement”) with Citibank, N.A. (“Citibank”). A Fund may lend portfolio securities to certain borrowers in U.S. and non-U.S. markets in an amount not to exceed one-third (33 1/3%) of the value of its total assets. If a Fund security is on loan, under the lending agreement, the borrower is required to deposit cash or liquid securities as collateral at least equal to 100% of the market value of the loaned securities; and cash collateral is invested for the benefit of the Fund by the Fund’s lending agent pursuant to collateral investment guidelines. The collateral is marked to market daily, in an amount at least equal to the current market value of the securities loaned.

A Fund is subject to certain risks while its securities are on loan, including the following: (i) the risk that the borrower defaults on the loan and the collateral is inadequate to cover the Fund’s loss; (ii) the risk that the earnings on the collateral invested are not sufficient to pay fees incurred in connection with the loan; (iii) the Fund could lose money in the event of a decline in the value of the collateral provided for loaned securities or a decline in the value of any investments made with cash collateral; (iv) the risk that the borrower may use the loaned securities to cover a short sale, which may in turn place downward pressure on the market prices of the loaned securities; (v) the risk that return of loaned securities could be delayed and interfere with portfolio management decisions; and (vi) the risk that any efforts to restrict or recall the securities for purposes of voting may not be effective. These events could also trigger adverse tax consequences for the Fund.

 

 

  82  

 


Hartford International/Global Equity Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

The Funds retain loan fees and the interest on cash collateral investments but are required to pay the borrower a rebate for the use of cash collateral. In cases where the lent security is of high value to borrowers, there may be a negative rebate (i.e., a net payment from the borrower to the Funds). Upon termination of a loan, the Funds are required to return to the borrower an amount equal to the cash collateral, plus any rebate owed to the borrowers.

The net income earned on the securities lending (after payment of rebates and Citibank’s fee) is included on the Statements of Operations as Investment Income from securities lending. The Funds also receive payments from the borrower during the period of the loan, equivalent to dividends and interest earned on the securities loaned, which are recorded as Investment Income from dividends or interest, respectively, on the Statements of Operations.

The following table presents the market value of each Fund’s securities on loan, net of amounts available for offset under the master netting arrangements and any related collateral received by the Fund as of October 31, 2020.

 

Fund

   Investment Securities on Loan, at market
value, Presented on the Statements of Assets and Liabilities(1)
     Collateral Posted by Borrower(2)     Net Amount(3)  

Climate Opportunities Fund

   $ 121,497      $ (121,497   $     —  

Emerging Markets Equity Fund

     2,486,274        (2,486,274      

Global Impact Fund

     526,708        (526,708      

International Equity Fund

     13,044,965        (13,044,965      

International Growth Fund

     7,040,498        (7,040,498      

International Opportunities Fund

         11,956,895        (11,956,895      

International Value Fund

     14,210,503            (14,210,503      

 

  (1) 

It is each Fund’s policy to obtain additional collateral from, or return excess collateral to, the borrower by the end of the next business day following the valuation date of the securities loaned. Therefore, the value of the collateral held may be temporarily less than that required under the lending contract.

  (2) 

Collateral received in excess of the market value of securities on loan is not presented in this table.

  (3) 

Net amount represents the net amount receivable due from the counterparty in the event of default.

The total cash and non-cash collateral received by each Fund in connection with securities lending transactions is presented below:

 

Fund

   Cash
Collateral
     Non-Cash
Collateral
 

Climate Opportunities Fund

   $ 129,833      $     —  

Emerging Markets Equity Fund

     2,557,113        580,839  

Global Impact Fund

     600,455         

International Equity Fund

     8,116,155        5,737,412  

International Growth Fund

     7,455,899        382,366  

International Opportunities Fund

     6,014,712        6,888,038  

International Value Fund

         13,218,575        1,766,072  

 

10.

Secured Borrowings:

The following tables reflect a breakdown of transactions accounted for as secured borrowings, the gross obligation by the type of collateral pledged, and the remaining contractual maturity of those transactions as of October 31, 2020.

 

     Overnight and
Continuous
     <30 days      Between
30 & 90 days
     >90 days      Total  
Climate Opportunities Fund                                   

Securities Lending Transactions(1)

              

Common Stocks

   $ 129,833      $      $      $      $ 129,833  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total Borrowings

   $     129,833      $     —      $     —      $     —      $     129,833  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Gross amount of recognized liabilities for securities lending transactions

               $ 129,833  
              

 

 

 
Emerging Markets Equity Fund                                   

Securities Lending Transactions(1)

 

Common Stocks

   $ 2,557,113      $      $      $      $ 2,557,113  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total Borrowings

   $     2,557,113      $     —      $     —      $     —      $     2,557,113  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Gross amount of recognized liabilities for securities lending transactions

 

   $ 2,557,113  
              

 

 

 
Global Impact Fund                                   

Securities Lending Transactions(1)

 

Common Stocks

   $ 600,455      $      $      $      $ 600,455  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total Borrowings

   $     600,455      $     —      $     —      $     —      $     600,455  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Gross amount of recognized liabilities for securities lending transactions

 

   $ 600,455  
              

 

 

 

 

 

  83  

 


Hartford International/Global Equity Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

     Overnight and
Continuous
     <30 days      Between
30 & 90 days
     >90 days      Total  
International Equity Fund                                   

Securities Lending Transactions(1)

 

Common Stocks

   $ 8,116,155      $      $      $      $ 8,116,155  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total Borrowings

   $     8,116,155      $     —      $     —      $     —      $     8,116,155  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Gross amount of recognized liabilities for securities lending transactions

 

   $ 8,116,155  
              

 

 

 
International Growth Fund                                   

Securities Lending Transactions(1)

 

Common Stocks

   $ 7,455,899      $      $      $      $ 7,455,899  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total Borrowings

   $     7,455,899      $     —      $     —      $     —      $     7,455,899  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Gross amount of recognized liabilities for securities lending transactions

               $ 7,455,899  
              

 

 

 
International Opportunities Fund                                   

Securities Lending Transactions(1)

 

Common Stocks

   $ 5,996,456      $      $      $      $ 5,996,456  

Exchange-Traded Funds

     18,256                             18,256  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 6,014,712      $      $      $      $ 6,014,712  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total Borrowings

   $     6,014,712      $     —      $     —      $     —      $ 6,014,712  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Gross amount of recognized liabilities for securities lending transactions

 

   $     6,014,712  
              

 

 

 
International Value Fund                                   

Securities Lending Transactions(1)

 

Common Stocks

   $ 13,218,575      $      $      $      $ 13,218,575  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total Borrowings

   $     13,218,575      $     —      $     —      $     —      $ 13,218,575  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Gross amount of recognized liabilities for securities lending transactions

 

   $     13,218,575  
              

 

 

 

 

  (1) 

Amount represents the payable for cash collateral received on securities on loan. This will generally be in the “Overnight and Continuous” column as the securities are typically callable on demand.

 

11.

Investment Transactions:

For the year ended October 31, 2020, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:

 

Fund

   Total Cost of
Purchases
     Total Sales
Proceeds
 

Climate Opportunities Fund

   $ 39,578,101      $ 14,703,023  

Emerging Markets Equity Fund

     378,636,400        328,624,067  

Global Impact Fund

     65,450,462        78,599,883  

International Equity Fund

     642,097,104        776,705,821  

International Growth Fund

     571,994,928        401,331,667  

International Opportunities Fund

         3,517,222,891            3,630,505,305  

International Value Fund

     412,507,922        1,256,738,967  

 

12.

Capital Share Transactions:

The following information is for the year ended October 31, 2020, and the year ended October 31, 2019:

 

       For the Year Ended
October 31, 2020
       For the Year Ended
October 31, 2019
 
       Shares        Amount        Shares        Amount  
Climate Opportunities Fund                    

Class A

                   

Shares Sold

       402,312        $ 4,790,687          217,623        $     2,212,961  

Shares Issued for Reinvested Dividends

       10,691          119,096          70,113          626,953  

Shares Redeemed

       (104,270            (1,089,575        (263,084            (2,570,085
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       308,733          3,820,208          24,652          269,829  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class C

                   

Shares Sold

       10,430        $ 119,335          9,859        $ 101,885  

Shares Issued for Reinvested Dividends

       803          8,961          22,464          200,803  

Shares Redeemed

       (6,323        (66,708        (135,838        (1,335,866
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       4,910          61,588          (103,515        (1,033,178
    

 

 

      

 

 

      

 

 

      

 

 

 

 

 

  84  

 


Hartford International/Global Equity Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

       For the Year Ended
October 31, 2020
       For the Year Ended
October 31, 2019
 
       Shares        Amount        Shares        Amount  
Climate Opportunities Fund – (continued)                    

Class I

                   

Shares Sold

       161,953        $     1,858,816          113,745        $ 1,148,629  

Shares Issued for Reinvested Dividends

       5,710          62,820          54,341          483,773  

Shares Redeemed

       (100,594        (1,007,509        (695,032        (7,375,366
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       67,069          914,127          (526,946        (5,742,964
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R3

                   

Shares Sold

              $          10,204        $ 99,999  

Shares Issued for Reinvested Dividends

       563          6,294          19,448          173,664  

Shares Redeemed

                         (131,575        (1,293,379
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       563          6,294          (101,923        (1,019,716
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R4

                   

Shares Sold

       5,851        $ 72,072          10,231        $ 100,268  

Shares Issued for Reinvested Dividends

       522          5,823          19,771          176,697  

Shares Redeemed

       (7        (79        (132,083        (1,298,377
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       6,366          77,816          (102,081        (1,021,412
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R5

                   

Shares Sold

              $          10,215        $ 100,000  

Shares Issued for Reinvested Dividends

       515          5,744          19,778          176,726  

Shares Redeemed

                         (132,633        (1,302,456
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       515          5,744          (102,640        (1,025,730
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R6

                   

Shares Sold

       16        $ 184          10,214        $ 100,105  

Shares Issued for Reinvested Dividends

       582          6,463          19,957          178,619  

Shares Redeemed

                (2        (132,994        (1,307,336
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       598          6,645          (102,823        (1,028,612
    

 

 

      

 

 

      

 

 

      

 

 

 

Class Y

                   

Shares Sold

       56,871        $ 652,990          64,520        $ 658,414  

Shares Issued for Reinvested Dividends

       2,008          22,455          19,950          178,367  

Shares Redeemed

       (5,864        (68,570        (133,051        (1,307,892
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       53,015          606,875          (48,581        (471,111
    

 

 

      

 

 

      

 

 

      

 

 

 

Class F

                   

Shares Sold

       2,130,262        $ 24,145,052          317,112        $ 3,206,137  

Shares Issued for Reinvested Dividends

       60,316          678,149          139,772          1,258,068  

Shares Redeemed

       (214,167        (2,482,128        (231,803        (2,356,681
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       1,976,411          22,341,073          225,081          2,107,524  
    

 

 

      

 

 

      

 

 

      

 

 

 

Total Net Increase (Decrease)

       2,418,180        $     27,840,370          (838,776      $     (8,965,370
    

 

 

      

 

 

      

 

 

      

 

 

 
Emerging Markets Equity Fund                             

Class A

                   

Shares Sold

       894,498        $ 7,161,896          2,872,373        $ 24,823,616  

Shares Issued for Reinvested Dividends

       98,613          929,923          118,135          958,075  

Shares Redeemed

       (1,971,198            (16,618,350        (5,224,419        (45,128,908
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (978,087        (8,526,531        (2,233,911            (19,347,217
    

 

 

      

 

 

      

 

 

      

 

 

 

Class C

                   

Shares Sold

       21,622        $ 185,277          92,266        $ 788,516  

Shares Issued for Reinvested Dividends

       3,316          30,843          2,391          19,122  

Shares Redeemed

       (148,981        (1,275,026        (232,746        (1,992,363
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (124,043        (1,058,906        (138,089        (1,184,725
    

 

 

      

 

 

      

 

 

      

 

 

 

Class I

                   

Shares Sold

       1,483,032        $ 12,145,370          3,179,444        $ 27,266,920  

Shares Issued for Reinvested Dividends

       58,719          551,371          54,068          436,869  

Shares Redeemed

       (1,209,067        (10,407,540        (2,649,448        (22,961,059
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       332,684          2,289,201          584,064          4,742,730  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R3

                   

Shares Sold

       26,732        $ 236,413          17,127        $ 149,647  

Shares Issued for Reinvested Dividends

       859          8,081          349          2,837  

Shares Redeemed

       (20,665        (181,785        (17,480        (151,998
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       6,926          62,709          (4        486  
    

 

 

      

 

 

      

 

 

      

 

 

 

 

 

  85  

 


Hartford International/Global Equity Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

       For the Year Ended
October 31, 2020
       For the Year Ended
October 31, 2019
 
       Shares        Amount        Shares        Amount  
Emerging Markets Equity Fund – (continued)                             

Class R4

                   

Shares Sold

       6,224        $ 54,543          33,505        $ 296,291  

Shares Issued for Reinvested Dividends

       267          2,567          8,562          69,783  

Shares Redeemed

       (10,003        (93,384        (664,219        (5,883,302
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (3,512        (36,274        (622,152        (5,517,228
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R5

                   

Shares Sold

       29,072        $ 246,354          26,245        $ 228,722  

Shares Issued for Reinvested Dividends

       1,809          16,899          1,613          12,968  

Shares Redeemed

       (20,633        (173,601        (23,431        (200,655
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       10,248          89,652          4,427          41,035  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R6(1)

                   

Shares Sold

       26,073        $ 227,816          31,970        $ 280,041  

Shares Issued for Reinvested Dividends

       2,748          25,806          2,340          18,910  

Shares Redeemed

       (23,514        (203,559        (21,807        (186,653
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       5,307          50,063          12,503          112,298  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class Y

                   

Shares Sold

       10,077,007        $ 83,161,874          19,774,265        $ 176,639,378  

Shares Issued for Reinvested Dividends

       566,604          5,314,734          134,921          1,088,809  

Shares Redeemed

       (6,552,988            (53,379,951        (2,612,633        (22,416,539
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       4,090,623          35,096,657          17,296,553          155,311,648  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class F

                   

Shares Sold

       3,397,773        $ 27,162,249          3,571,758        $ 30,802,331  

Shares Issued for Reinvested Dividends

       56,006          523,094          5,432          43,618  

Shares Redeemed

       (574,643        (4,747,723        (341,483        (2,918,556
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       2,879,136          22,937,620          3,235,707          27,927,393  
    

 

 

      

 

 

      

 

 

      

 

 

 

Total Net Increase (Decrease)

       6,219,282        $ 50,904,191          18,139,098        $     162,086,420  
    

 

 

      

 

 

      

 

 

      

 

 

 
Global Impact Fund  

Class A

                   

Shares Sold

       284,403        $     3,220,910          40,145        $     402,964  

Issued in Merger

       3,556,151          40,870,135                    

Shares Issued for Reinvested Dividends

       12,175          144,394          6,063          56,772  

Shares Redeemed

       (715,309        (8,129,845        (10,179        (107,894
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       3,137,420          36,105,594          36,029          351,842  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class C

                   

Shares Sold

       20,384        $ 240,235                 $  

Issued in Merger

       241,538          2,726,961                    

Shares Issued for Reinvested Dividends

       621          7,239          525          4,833  

Shares Redeemed

       (96,758        (1,099,336        (712        (7,943
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       165,785          1,875,099          (187        (3,110
    

 

 

      

 

 

      

 

 

      

 

 

 

Class I

                   

Shares Sold

       928,447        $ 10,474,481          1,112,977        $ 11,628,257  

Issued in Merger

       458,167          5,256,190                    

Shares Issued for Reinvested Dividends

       11,160          131,691          38,324          357,502  

Shares Redeemed

       (685,040        (7,482,979        (203,558        (2,222,573
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       712,734          8,379,383          947,743          9,763,186  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R3

                   

Shares Sold

       117,336        $ 1,284,469          27,940        $ 293,996  

Issued in Merger

       569,209          6,439,177                    

Shares Issued for Reinvested Dividends

       1,931          22,549          159          1,473  

Shares Redeemed

       (293,633        (3,155,592        (3,859        (47,499
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       394,843          4,590,603          24,240          247,970  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R4

                   

Shares Sold

       32,878        $ 349,452                 $  

Issued in Merger

       274,255          3,142,747                    

Shares Issued for Reinvested Dividends

       822          9,729          315          2,813  

Shares Redeemed

       (240,956        (2,528,488                  
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       66,999          973,440          315          2,813  
    

 

 

      

 

 

      

 

 

      

 

 

 

 

 

  86  

 


Hartford International/Global Equity Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

       For the Year Ended
October 31, 2020
       For the Year Ended
October 31, 2019
 
       Shares        Amount        Shares        Amount  
Global Impact Fund – (continued)  

Class R5

                   

Shares Sold

       12,032        $ 135,432                 $  

Issued in Merger

       50,594          574,188                    

Shares Issued for Reinvested Dividends

       203          2,372          162          1,877  

Shares Redeemed

       (44,270        (478,813                  
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       18,559          233,179          162          1,877  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R6

                   

Shares Sold

       201,761        $ 2,408,145          99,093        $ 1,037,465  

Shares Issued for Reinvested Dividends

       614          7,185          164          1,519  

Shares Redeemed

       (39,266        (422,055        (20,228        (222,232
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       163,109          1,993,275          79,029          816,752  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class Y

                   

Shares Sold

              $          38,555        $ 405,280  

Issued in Merger

       1,943,325          22,049,744                    

Shares Issued for Reinvested Dividends

       5,044          59,070          314          2,907  

Shares Redeemed

       (1,744,298        (19,883,102        (14,038        (146,118
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       204,071          2,225,712          24,831          262,069  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class F

                   

Shares Sold

       207,700        $ 2,398,639                 $  

Issued in Merger

       117,529          1,356,433                    

Shares Issued for Reinvested Dividends

       21,331          251,280          354,961          3,101,556  

Shares Redeemed

       (2,743,407        (32,832,533                  
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (2,396,847            (28,826,181        354,961          3,101,556  
    

 

 

      

 

 

      

 

 

      

 

 

 

Total Net Increase (Decrease)

       2,466,673        $ 27,550,104          1,467,123        $     14,544,955  
    

 

 

      

 

 

      

 

 

      

 

 

 
International Equity Fund                                    

Class A

                   

Shares Sold

       1,717,473        $ 17,382,409          2,592,741        $ 26,278,287  

Shares Issued for Reinvested Dividends

       1,338,127          14,853,213          333,282          3,122,818  

Shares Redeemed

       (12,356,666            (122,375,344        (14,792,519            (149,705,605
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (9,301,066        (90,139,722        (11,866,496        (120,304,500
    

 

 

      

 

 

      

 

 

      

 

 

 

Class C

                   

Shares Sold

       70,845        $ 703,057          140,424        $ 1,389,981  

Shares Issued for Reinvested Dividends

       45,785          502,256          13,496          125,651  

Shares Redeemed

       (1,719,823        (17,126,093        (3,276,760        (32,730,531
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (1,603,193        (15,920,780        (3,122,840        (31,214,899
    

 

 

      

 

 

      

 

 

      

 

 

 

Class I

                   

Shares Sold

       502,110        $ 5,132,449          1,082,382        $ 11,163,862  

Shares Issued for Reinvested Dividends

       180,224          2,022,109          52,007          491,774  

Shares Redeemed

       (2,972,078        (29,066,868        (5,615,916        (56,506,085
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (2,289,744        (21,912,310        (4,481,527        (44,850,449
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R3

                   

Shares Sold

       151,619        $ 1,418,914          125,914        $ 1,276,623  

Shares Issued for Reinvested Dividends

       27,297          301,361          7,971          74,263  

Shares Redeemed

       (527,820        (5,432,886        (581,947        (5,903,342
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (348,904        (3,712,611        (448,062        (4,552,456
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R4

                   

Shares Sold

       271,470        $ 2,843,020          231,864        $ 2,315,279  

Shares Issued for Reinvested Dividends

       13,681          152,127          4,788          44,854  

Shares Redeemed

       (465,288        (4,770,067        (980,442        (9,961,102
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (180,137        (1,774,920        (743,790        (7,600,969
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R5

                   

Shares Sold

       995,404        $ 9,612,976          80,939        $ 751,945  

Shares Issued for Reinvested Dividends

       5,112          49,894          795          6,564  

Shares Redeemed

       (207,657        (1,810,439        (30,972        (287,930
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       792,859          7,852,431          50,762          470,579  
    

 

 

      

 

 

      

 

 

      

 

 

 

 

 

  87  

 


Hartford International/Global Equity Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

       For the Year Ended
October 31, 2020
       For the Year Ended
October 31, 2019
 
       Shares        Amount        Shares        Amount  
International Equity Fund – (continued)                                    

Class R6

                   

Shares Sold

       2,857,395        $ 30,123,094          1,772,671        $ 18,891,609  

Shares Issued for Reinvested Dividends

       62,967          709,639          3,445          32,690  

Shares Redeemed

       (1,414,940        (15,013,677        (199,233        (2,069,923
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       1,505,422          15,819,056          1,576,883          16,854,376  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class Y

                   

Shares Sold

       772,069        $ 7,602,529          2,255,257        $ 23,782,874  

Shares Issued for Reinvested Dividends

       75,384          845,813          17,151          161,978  

Shares Redeemed

       (2,639,809        (26,294,911        (1,895,604        (19,618,935
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (1,792,356        (17,846,569        376,804          4,325,917  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class F

                   

Shares Sold

       1,647,821        $ 16,409,953          1,173,152        $ 12,133,218  

Shares Issued for Reinvested Dividends

       152,159          1,714,836          37,078          352,077  

Shares Redeemed

       (1,886,570        (19,146,096        (1,995,684        (20,671,355
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (86,590        (1,021,307        (785,454        (8,186,060
    

 

 

      

 

 

      

 

 

      

 

 

 

Total Net Increase (Decrease)

       (13,303,709      $     (128,656,732        (19,443,720      $     (195,058,461
    

 

 

      

 

 

      

 

 

      

 

 

 
International Growth Fund                                    

Class A

                   

Shares Sold

       971,276        $ 14,400,466          963,478        $ 12,911,824  

Shares Issued for Reinvested Dividends

       46,525          715,084          751,085          9,175,761  

Shares Redeemed

       (1,394,765        (20,391,187        (1,754,064        (23,723,733
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (376,964        (5,275,637        (39,501        (1,636,148
    

 

 

      

 

 

      

 

 

      

 

 

 

Class C

                   

Shares Sold

       57,078        $ 763,710          100,260        $ 1,221,549  

Shares Issued for Reinvested Dividends

                         51,427          573,408  

Shares Redeemed

       (207,135        (2,780,174        (256,280        (3,167,487
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (150,057        (2,016,464        (104,593        (1,372,530
    

 

 

      

 

 

      

 

 

      

 

 

 

Class I

                   

Shares Sold

       10,174,888        $ 167,222,205          878,780        $ 11,435,119  

Shares Issued for Reinvested Dividends

       25,665          390,108          208,673          2,526,999  

Shares Redeemed

       (1,068,723        (15,065,304        (901,920        (12,112,098
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       9,131,830          152,547,009          185,533          1,850,020  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R3

                   

Shares Sold

       13,149        $ 202,176          14,942        $ 204,257  

Shares Issued for Reinvested Dividends

       96          1,497          2,250          27,856  

Shares Redeemed

       (12,978        (208,683        (13,592        (193,012
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       267          (5,010        3,600          39,101  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R4

                   

Shares Sold

       26,402        $ 379,426          90,037        $ 1,219,247  

Shares Issued for Reinvested Dividends

       731          11,593          19,891          250,050  

Shares Redeemed

       (167,605        (2,525,162        (449,087        (6,281,582
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (140,472        (2,134,143        (339,159        (4,812,285
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R5

                   

Shares Sold

       655,417        $ 9,962,282          392,949        $ 5,565,805  

Shares Issued for Reinvested Dividends

       16,244          258,611          137,294          1,740,581  

Shares Redeemed

       (529,993        (8,120,326        (351,317        (4,899,858
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       141,668          2,100,567          178,926          2,406,528  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R6

                   

Shares Sold

       162,782        $ 2,527,138          193,511        $ 2,776,094  

Shares Issued for Reinvested Dividends

       2,157          34,507          6,082          77,484  

Shares Redeemed

       (97,329        (1,460,254        (36,731        (526,713
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       67,610          1,101,391          162,862          2,326,865  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class Y

                   

Shares Sold

       143,522        $ 2,173,909          273,799        $ 3,878,373  

Shares Issued for Reinvested Dividends

       9,935          158,669          99,026          1,259,942  

Shares Redeemed

       (610,815        (9,561,862        (308,068        (4,364,217
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (457,358        (7,229,284        64,757          774,098  
    

 

 

      

 

 

      

 

 

      

 

 

 

 

 

  88  

 


Hartford International/Global Equity Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

       For the Year Ended
October 31, 2020
       For the Year Ended
October 31, 2019
 
       Shares        Amount        Shares        Amount  
International Growth Fund – (continued)                                    

Class F

                   

Shares Sold

       4,196,110        $ 63,465,507          2,411,917        $ 32,533,248  

Shares Issued for Reinvested Dividends

       75,248          1,145,272          641,953          7,789,236  

Shares Redeemed

       (2,158,253        (31,865,262        (2,082,551        (28,174,789
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       2,113,105          32,745,517          971,319          12,147,695  
    

 

 

      

 

 

      

 

 

      

 

 

 

Total Net Increase (Decrease)

       10,329,629        $ 171,833,946          1,083,744        $ 11,723,344  
    

 

 

      

 

 

      

 

 

      

 

 

 
International Opportunities Fund                                    

Class A

                   

Shares Sold

       2,559,027        $ 39,139,569          2,917,598        $ 42,927,574  

Shares Issued for Reinvested Dividends

       372,743          6,142,811          1,242,589          16,665,281  

Shares Redeemed

       (5,467,450        (82,689,207        (7,397,677            (108,558,523
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (2,535,680        (37,406,827        (3,237,490        (48,965,668
    

 

 

      

 

 

      

 

 

      

 

 

 

Class C

                   

Shares Sold

       95,789        $ 1,290,672          287,524        $ 3,685,462  

Shares Issued for Reinvested Dividends

       17,705          254,592          110,953          1,299,711  

Shares Redeemed

       (933,344        (12,449,083        (1,434,437        (18,392,689
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (819,850        (10,903,819        (1,035,960        (13,407,516
    

 

 

      

 

 

      

 

 

      

 

 

 

Class I

                   

Shares Sold

       8,681,629        $ 130,649,482          7,905,153        $ 114,497,238  

Shares Issued for Reinvested Dividends

       337,884          5,524,402          1,064,219          14,186,661  

Shares Redeemed

       (10,481,977            (152,525,032        (17,865,550        (253,613,960
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (1,462,464        (16,351,148        (8,896,178            (124,930,061
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R3

                   

Shares Sold

       369,682        $ 5,642,289          535,837        $ 7,937,648  

Shares Issued for Reinvested Dividends

       26,493          445,087          127,906          1,745,493  

Shares Redeemed

       (1,441,041            (22,907,066        (1,326,983        (19,962,202
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (1,044,866        (16,819,690        (663,240        (10,279,061
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R4

                   

Shares Sold

       1,227,863        $ 19,552,160          1,573,978        $ 24,103,430  

Shares Issued for Reinvested Dividends

       84,480          1,443,764          365,945          5,079,398  

Shares Redeemed

       (3,471,669        (56,069,772        (4,149,538        (63,892,340
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (2,159,326        (35,073,848        (2,209,615        (34,709,512
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R5

                   

Shares Sold

       6,580,250        $ 108,913,230          4,185,315        $ 65,017,143  

Shares Issued for Reinvested Dividends

       211,605          3,641,724          577,408          8,077,933  

Shares Redeemed

       (5,302,792        (87,808,621        (5,168,074        (80,337,628
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       1,489,063          24,746,333          (405,351        (7,242,552
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R6

                   

Shares Sold

       10,117,011        $ 167,078,733          17,136,452        $ 261,290,187  

Shares Issued for Reinvested Dividends

       640,398          11,085,289          1,470,907          20,677,025  

Shares Redeemed

       (7,261,141        (118,819,824        (12,759,086        (201,483,429
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       3,496,268          59,344,198          5,848,273          80,483,783  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class Y

                   

Shares Sold

       15,628,576        $ 251,384,694          15,176,458        $ 235,020,307  

Shares Issued for Reinvested Dividends

       965,804          16,718,064          2,644,048          37,202,380  

Shares Redeemed

       (14,752,080        (237,271,725        (25,240,924        (390,656,483
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       1,842,300          30,831,033          (7,420,418        (118,433,796
    

 

 

      

 

 

      

 

 

      

 

 

 

Class F

                   

Shares Sold

       8,718,500        $ 128,042,495          13,129,724        $ 193,234,643  

Shares Issued for Reinvested Dividends

       643,786          10,525,899          1,829,291          24,339,488  

Shares Redeemed

       (14,214,054        (215,414,486        (13,752,086        (201,632,786
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (4,851,768        (76,846,092        1,206,929          15,941,345  
    

 

 

      

 

 

      

 

 

      

 

 

 

Total Net Increase (Decrease)

       (6,046,323      $ (78,479,860        (16,813,050      $ (261,543,038
    

 

 

      

 

 

      

 

 

      

 

 

 
International Value Fund  

Class A

 

Shares Sold

       4,175,159        $ 47,456,730          5,106,208        $ 70,322,957  

Shares Issued for Reinvested Dividends

       392,547          5,856,795          1,457,954          19,311,300  

Shares Redeemed

       (16,068,743        (186,932,384        (11,817,573        (163,264,806
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (11,501,037        (133,618,859        (5,253,411        (73,630,549
    

 

 

      

 

 

      

 

 

      

 

 

 

 

 

  89  

 


Hartford International/Global Equity Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

       For the Year Ended
October 31, 2020
       For the Year Ended
October 31, 2019
 
       Shares        Amount        Shares        Amount  
International Value Fund – (continued)  

Class C

 

Shares Sold

       11,616        $ 156,116          38,415        $ 524,595  

Shares Issued for Reinvested Dividends

       19,667          291,273          112,692          1,476,446  

Shares Redeemed

       (643,413        (7,736,271        (722,163        (9,859,840
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (612,130        (7,288,882        (571,056        (7,858,799
    

 

 

      

 

 

      

 

 

      

 

 

 

Class I

 

Shares Sold

       26,903,407        $ 292,759,802          43,594,443        $ 622,670,966  

Shares Issued for Reinvested Dividends

       2,088,548          31,453,537          4,347,079          58,169,041  

Shares Redeemed

       (57,783,501        (661,036,574        (38,886,202            (541,912,459
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (28,791,546        (336,823,235        9,055,320          138,927,548  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R3

 

Shares Sold

       13,719        $ 162,717          22,612        $ 305,593  

Shares Issued for Reinvested Dividends

       761          11,482          2,689          35,897  

Shares Redeemed

       (30,033        (389,870        (35,616        (511,787
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (15,553        (215,671        (10,315        (170,297
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R4

 

Shares Sold

       213,120        $ 2,756,536          34,664        $ 482,147  

Shares Issued for Reinvested Dividends

       4,051          60,730          3,130          41,741  

Shares Redeemed

       (64,217        (766,566        (37,104        (519,728
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       152,954          2,050,700          690          4,160  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R5

 

Shares Sold

       990,194        $ 11,082,911          2,362,880        $ 33,294,216  

Shares Issued for Reinvested Dividends

       69,713          1,052,666          178,409          2,391,166  

Shares Redeemed

       (1,078,983        (12,894,290        (2,184,059        (31,008,267
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (19,076        (758,713        357,230          4,677,115  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R6(1)

 

Shares Sold

       593,983        $ 6,445,915          12,012,749        $ 172,441,643  

Shares Issued for Reinvested Dividends

       351,708          5,419,824                    

Shares Redeemed

       (8,836,841        (107,825,626        (680,233        (9,917,943
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (7,891,150        (95,959,887        11,332,516          162,523,700  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class Y

 

Shares Sold

       7,689,176        $ 93,744,980          19,777,516        $ 282,137,117  

Shares Issued for Reinvested Dividends

       995,869          15,346,347          2,748,802          37,620,509  

Shares Redeemed

       (30,660,195        (358,490,470        (25,245,214        (356,808,372
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (21,975,150        (249,399,143        (2,718,896        (37,050,746
    

 

 

      

 

 

      

 

 

      

 

 

 

Class F

 

Shares Sold

       7,832,635        $ 96,788,191          15,084,526        $ 211,504,180  

Shares Issued for Reinvested Dividends

       597,006          8,990,903          1,828,032          24,449,564  

Shares Redeemed

       (12,066,272        (134,616,686        (22,819,790        (325,324,088
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (3,636,631        (28,837,592        (5,907,232        (89,370,344
    

 

 

      

 

 

      

 

 

      

 

 

 

Total Net Increase (Decrease)

       (74,289,319      $     (850,851,282        6,284,846        $ 98,051,788  
    

 

 

      

 

 

      

 

 

      

 

 

 

 

  (1) 

Inception date was February 28, 2019.

 

13.

Fund Reorganization:

At a meeting held August 6-7, 2019, the Board of Directors of the Company approved an Agreement and Plan of Reorganization that provided for the reorganization of The Hartford International Small Company Fund (the “International Small Company Fund”), a series of the Company, with and into the Global Impact Fund, a separate series of the Company (the “Reorganization”).

Pursuant to the terms of the Agreement and Plan of Reorganization, after the close of business on November 22, 2019, the International Small Company Fund transferred all of its assets to the Global Impact Fund, in exchange for shares of the Global Impact Fund and the assumption of all of the liabilities of the International Small Company Fund by the Global Impact Fund.

 

 

  90  

 


Hartford International/Global Equity Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

After the close of business on November 22, 2019, the consummation of the Reorganization was accomplished by a tax-free exchange of shares of the Global Impact Fund in the following amounts:

 

Share Class

   Net Assets of International
Small Company Fund as of
the close of business on
November 22, 2019
(“Reorganization Date”)
     Shares of the International
Small Company Fund as of
the Reorganization Date
     Value of Shares Issued by
Global Impact Fund
     Shares Issued by Global
Impact Fund
     Net Assets of the Global
Impact Fund immediately
after the Reorganization
 

Class A

   $ 40,870,135        3,497,018      $ 40,870,135        3,556,151      $ 41,662,028  

Class C

     2,726,961        265,134        2,726,961        241,538        2,765,829  

Class I

     5,256,190        453,959        5,256,190        458,167        19,495,626  

Class R3

     6,439,177        545,236        6,439,177        569,209        6,743,012  

Class R4

     3,142,747        264,884        3,142,747        274,255        3,170,337  

Class R5

     574,188        48,210        574,188        50,594        690,320  

Class R6

     N/A        N/A        N/A        N/A        986,093  

Class Y

     22,049,744        1,852,131        22,049,744        1,943,325        22,354,435  

Class F

     1,356,433        118,490        1,356,433        117,529        32,567,024  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
   $     82,415,575        7,045,062      $     82,415,575        7,210,768      $     130,434,704  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Each shareholder of a share class of International Small Company Fund received shares of the same share class of the Global Impact Fund with the same class designation and at the respective class NAV, as determined on the Reorganization Date.

Some of the investments held by International Small Company Fund may have been purchased or sold prior to the Reorganization for the purpose of complying with the anticipated investment policies or limitations of the Global Impact Fund after the Reorganization. The expenses associated with the Reorganization other than brokerage-related expenses, including stamp taxes and other similar transaction costs, were borne by HFMC or its affiliates.

As of the Reorganization Date, the International Small Company Fund had investments valued at $82,029,834 with a cost basis of $80,872,975. For financial reporting purposes, assets received, liabilities assumed and shares issued by the Global Impact Fund were recorded at fair value; however, the cost basis of the investments received by the Global Impact Fund from International Small Company Fund were carried forward to align ongoing reporting of the Global Impact Fund’s realized and unrealized gains and losses with amounts distributable to shareholders for tax purposes.

The aggregate net assets of the Global Impact Fund immediately after the acquisition were $130,434,704 which included $1,156,859 of acquired unrealized appreciation.

Assuming the Reorganization had been completed on November 1, 2019, the Global Impact Fund’s pro-forma results of operations for the year ended October 31, 2020 are as follows:

 

Net investment income

   $ 578,299  

Net realized and unrealized gain (loss) on investments

   $ 11,380,118  

Net increase (decrease) in net assets from operations

   $ 11,958,417  

 

14.

Line of Credit:

Each Fund participates in a committed line of credit pursuant to a credit agreement dated March 5, 2020. Each Fund may borrow under the line of credit for temporary or emergency purposes. The Funds (together with certain other Hartford Funds) may borrow up to $350 million in the aggregate, subject to asset coverage and other limitations specified in the credit agreement. The interest rate on borrowings varies depending on the nature of the loan. The facility also charges a commitment fee, which is allocated ratably by assets based on a Fund’s actual net assets if the Fund has total assets of less than or equal to $1.05 billion and for all other participating funds, based on the notional asset level of $1.05 billion. During and as of the year ended October 31, 2020, none of the Funds had borrowings under this facility.

 

15.

Indemnifications:

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

 

16.

Recent Accounting Pronouncement:

In August 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement (“ASU 2018-13”). The update introduces new fair value disclosure requirements, eliminates some prior fair value disclosure requirements, and modifies certain existing fair value disclosure requirements.

 

 

  91  

 


Hartford International/Global Equity Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

ASU 2018-13 is effective for fiscal years beginning after December 15, 2019 and for interim periods within those fiscal years. Management has adopted this guidance and it did not have a material impact on the Funds’ financial statements.

 

17.

Change in Independent Registered Public Accounting Firm:

On November 6, 2019, the Company, on behalf of the Funds, dismissed Ernst & Young LLP (“EY”) as the Funds’ independent registered public accounting firm effective upon the issuance of EY’s report on the Funds’ financial statements as of and for the fiscal year ended October 31, 2019. EY’s report on the Funds’ financial statements for the fiscal years October 31, 2018 and October 31, 2019 contained no adverse opinion or disclaimer of opinion nor was EY’s report qualified or modified as to uncertainty, audit scope or accounting principles. During the Funds’ fiscal periods ended on October 31, 2018 and October 31, 2019 and through December 30, 2019 (the “Covered Period”), (i) there were no disagreements with EY on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of EY, would have caused it to make reference to the subject matter of the disagreements in connection with its reports on the Funds’ financial statements for the Covered Period, and (ii) there were no “reportable events” of the kind described in Item 304(a)(1)(v) of Regulation S-K under the Securities Exchange Act of 1934, as amended.

On November 6, 2019, the Audit Committee of the Company’s Board of Directors participated in and approved the decision to engage PricewaterhouseCoopers LLP (“PwC”) as the independent registered public accounting firm for the Funds for the fiscal year ended October 31, 2020. The selection of PwC does not reflect any disagreements with or dissatisfaction by the Company or the Board of Directors with the performance of the Funds’ prior independent registered public accounting firm, EY. During the Covered Period, neither the Funds, nor anyone on their behalf, consulted with PwC on items which: (i) concerned the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Funds’ financial statements; or (ii) concerned the subject of a disagreement (as defined in paragraph (a)(1)(iv) of Item 304 of Regulation S-K) or reportable events (as described in paragraph (a)(1)(v) of Item 304 of Regulation S-K).

 

18.

Subsequent Events:

In connection with the preparation of the financial statements of the Funds as of and for the year ended October 31, 2020, events and transactions subsequent to October 31, 2020, through the date the financial statements were issued have been evaluated by the Funds’ management for possible adjustment and/or disclosure.

In November 2020, the President of the United States issued an Executive Order (the “Order”) to prohibit, among others, any transaction by any U.S. person in publicly traded securities of certain companies determined to be affiliated with China’s military. The Order, which takes effect on January 11, 2021, is intended to prevent China from exploiting U.S. investors to finance the development and modernization of its military. Such securities may be subject to increased volatility risk and liquidity risk.

 

 

  92  

 


Report of Independent Registered Public Accounting Firm

To the Board of Directors of

The Hartford Mutual Funds, Inc. and Shareholders of Hartford Climate Opportunities Fund, Hartford Emerging Markets Equity Fund, Hartford Global Impact Fund, Hartford International Equity Fund, The Hartford International Growth Fund, The Hartford International Opportunities Fund and The Hartford International Value Fund

 

 

 

Opinions on the Financial Statements

We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of Hartford Climate Opportunities Fund, Hartford Emerging Markets Equity Fund, Hartford Global Impact Fund, Hartford International Equity Fund, The Hartford International Growth Fund, The Hartford International Opportunities Fund and The Hartford International Value Fund (seven of the funds constituting The Hartford Mutual Funds, Inc., hereafter collectively referred to as the “Funds”) as of October 31, 2020, the related statements of operations for the year ended October 31, 2020, the statements of changes in net assets for the year ended October 31, 2020, including the related notes, and the financial highlights for the year ended October 31, 2020 (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds as of October 31, 2020, the results of each of their operations, the changes in each of their net assets, and each of the financial highlights for the year then ended, in conformity with accounting principles generally accepted in the United States of America.

The financial statements of the Funds as of and for the year ended October 31, 2019 and the financial highlights for each of the periods ended on or prior to October 31, 2019 (not presented herein, other than the statements of changes in net assets and financial highlights) were audited by other auditors whose report dated December 30, 2019 expressed an unqualified opinion on those financial statements and financial highlights.

Basis for Opinions

These financial statements are the responsibility of the Funds’ management. Our responsibility is to express an opinion on the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of October 31, 2020 by correspondence with the custodian, transfer agent and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinions.

/s/ PricewaterhouseCoopers LLP

Philadelphia, Pennsylvania

December 29, 2020

We have served as the auditor of one or more Hartford Funds investment companies since 2020.

 

 

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Hartford International/Global Equity Funds

Operation of the Liquidity Risk Management Program (Unaudited)

 

 

 

This section describes the operation and effectiveness of the Liquidity Risk Management Program (“LRM Program”) established in accordance with Rule 22e-4 under the Investment Company Act of 1940, as amended (the “Liquidity Rule”). The LRM Program seeks to assess and manage each Fund’s liquidity risk. The Liquidity Rule generally defines liquidity risk as the risk that a Fund could not meet its obligation to redeem shares without significant dilution of the non-redeeming investors’ interests in the Fund. The Board of Directors (“Board”) of The Hartford Mutual Funds, Inc. has appointed Hartford Funds Management Company, LLC (“HFMC”) to serve as the administrator of the LRM Program with respect to each of the Funds, subject to the oversight of the Board. In order to efficiently and effectively administer the LRM Program, HFMC established a Liquidity Risk Oversight Committee.

The LRM Program is comprised of various components designed to support the assessment and/or management of liquidity risk, including: (1) the assessment and periodic review (no less frequently than annually) of certain factors that influence each Fund’s liquidity risk; (2) the classification and periodic review (no less frequently than monthly) of each Fund’s investments into one of four liquidity categories that reflect an estimate of their liquidity under current market conditions; (3) a 15% limit on the acquisition of “illiquid investments” (as defined under the Liquidity Rule); (4) the determination of a minimum percentage of each Fund’s assets that generally will be invested in highly liquid investments (“HLIM”); (5) the periodic review (no less frequently than annually) of the HLIM and the adoption and implementation of policies and procedures for responding to a shortfall of a Fund’s highly liquid investments below its HLIM; and (6) periodic reporting to the Board.

At a meeting of the Board held May 5-6, 2020, HFMC provided an annual written report to the Board covering the period from the inception date of the current LRM Program through April 30, 2020. The annual report addressed important aspects of the LRM Program, including, but not limited to:

 

 

the operation of the LRM Program (and related policies and procedures utilized in connection with management of the Funds’ liquidity risk);

 

 

an assessment of the adequacy and effectiveness of the LRM Program’s (and related policies and procedures’) implementation;

 

 

the operation, and assessment of the adequacy and effectiveness, of each Fund’s HLIM;

 

 

whether the third-party liquidity vendor’s (“LRM Program Vendor”) processes for determining preliminary liquidity classifications, including the particular methodologies or factors used and metrics analyzed by the LRM Program Vendor, are sufficient under the Liquidity Rule and appropriate in light of each Fund’s specific circumstances; and

 

 

any material changes to the LRM Program.

In addition, HFMC provides a quarterly report on the LRM Program at each quarterly meeting of the Board’s Compliance and Risk Oversight Committee. The quarterly report included information regarding the Funds’ liquidity as measured by established parameters, a summary of developments within the capital markets that may impact liquidity, and other factors that may impact liquidity. Among other things, HFMC reports any changes to a Fund’s HLIM.

Since the inception of the LRM Program, HFMC has not increased nor reduced the HLIM for any Fund.

Based on its review and assessment, HFMC has concluded that the LRM Program is operating effectively to assess and manage the liquidity risk of each Fund and that the LRM Program has been and continues to be adequately and effectively implemented with respect to each Fund. Because liquidity in the capital markets in which the Funds invest is beyond the control of the Funds, there can be no assurance that the LRM Program will ensure liquidity under all circumstances and does not protect against the risk of loss.

 

 

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Hartford International/Global Equity Funds

Directors and Officers of the Company (Unaudited)

 

 

 

The Hartford Mutual Funds, Inc. (the “Company”) is governed by a Board of Directors (the “Directors”). The following tables present certain information regarding the Directors and officers of the Company as of October 31, 2020. For more information regarding the Directors and officers, please refer to the Statement of Additional Information, which is available, without charge, upon request by calling 1-888-843-7824.

 

NAME, YEAR OF BIRTH

AND ADDRESS(1)

  

POSITION
HELD WITH
THE COMPANY

 

TERM OF
OFFICE(2) AND
LENGTH OF
TIME SERVED

 

PRINCIPAL OCCUPATION(S)

DURING PAST 5 YEARS

  NUMBER OF
PORTFOLIOS
IN FUND
COMPLEX(3)
OVERSEEN
BY DIRECTOR
  

OTHER DIRECTORSHIPS
FOR PUBLIC COMPANIES
AND OTHER REGISTERED
INVESTMENT COMPANIES
HELD BY DIRECTOR

NON-INTERESTED DIRECTORS*

HILARY E. ACKERMANN

(1956)

   Director   Since 2014   Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011.   73    Ms. Ackermann served as a Director of Dynegy, Inc. from October 2012 until its acquisition in by Vistra Energy Corporation in 2018, and since that time she has served as a Director of Vistra. Ms. Ackermann serves as a Director of Credit Suisse Holdings (USA), Inc. from January 2017 to present.

ROBIN C. BEERY

(1967)

   Director   Since 2017   Ms. Beery has served as a consultant to ArrowMark Partners (an alternative asset manager) since March of 2015 and since November 2018 has been employed by ArrowMark Partners as a Senior Advisor. Previously, she was Executive Vice President, Head of Distribution, for Janus Capital Group, and Chief Executive Officer and President of the Janus Mutual Funds (a global asset manager) from September 2009 to August 2014.   73    Ms. Beery serves as an Independent Director of UMB Financial Corporation (January 2015 to present), has chaired the Compensation Committee since April 2017, and serves on the Audit Committee and the Risk Committee.

LYNN S. BIRDSONG

(1946)

   Director and Chair of the Board   Director since 2003; Chair of the Board since 2019   From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm.   73    None

CHRISTINE R. DETRICK

(1958)

   Director   Since 2016   Ms. Detrick served as a Senior Partner/Advisor at Bain & Company (a management consulting firm) from September 2002 to December 2012.   73    Ms. Detrick serves as a Director and Chair of the Nominating and Governance Committee of Reinsurance Group of America (from January 2014 to present). She also serves as a Director of Charles River Associates (May 2020 to present).

DUANE E. HILL(4)

(1945)

   Director   Since 2001   Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that served as sponsor and lead investor in leveraged buyouts of middle market companies.   73    None

LEMMA W. SENBET

(1946)

   Director   Since 2005   Dr. Senbet currently serves as the William E. Mayer Chair Professor of Finance, in the Robert H. Smith School of Business at the University of Maryland, where he was chair of the Finance Department from 1998 to 2006. In June 2013, he began a sabbatical from the University to serve as Executive Director of the African Economic Research Consortium which focuses on economic policy research and training, which he completed in 2018.   73    None

DAVID SUNG

(1953)

   Director   Since 2017   Mr. Sung was a Partner at Ernst & Young LLP from October 1995 to July 2014.   73    Mr. Sung serves as a Trustee of Ironwood Institutional Multi-Strategy Fund, LLC and Ironwood Multi-Strategy Fund, LLC (October 2015 to present).

 

 

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Hartford International/Global Equity Funds

Directors and Officers of the Company (Unaudited) – (continued)

 

 

 

NAME, YEAR OF BIRTH

AND ADDRESS(1)

  

POSITION
HELD WITH
THE COMPANY

 

TERM OF
OFFICE(2) AND
LENGTH OF
TIME SERVED

 

PRINCIPAL OCCUPATION(S)

DURING PAST 5 YEARS

  NUMBER OF
PORTFOLIOS
IN FUND
COMPLEX(3)
OVERSEEN
BY DIRECTOR
  

OTHER DIRECTORSHIPS
FOR PUBLIC COMPANIES
AND OTHER REGISTERED
INVESTMENT COMPANIES
HELD BY DIRECTOR

OFFICERS AND INTERESTED DIRECTORS

JAMES E. DAVEY(5)

(1964)

   Director, President and Chief Executive Officer   President and Chief Executive Officer since 2010; Director since 2012   Mr. Davey serves as Executive Vice President of The Hartford Financial Services Group, Inc. Mr. Davey has served in various positions within The Hartford and its subsidiaries and joined The Hartford in 2002. Additionally, Mr. Davey serves as Director, Chairman, President, and Senior Managing Director for Hartford Funds Management Group, Inc. (“HFMG”). Mr. Davey also serves as President, Manager, Chairman of the Board, and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”); Manager, Chairman of the Board, and President of Lattice Strategies LLC (“Lattice”); Chairman of the Board, Manager, and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”); and Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”), each of which is an affiliate of HFMG.   73    None

ANDREW S. DECKER

(1963)

   AML Compliance Officer   Since 2015   Mr. Decker serves as Chief Compliance Officer and AML Compliance Officer of HASCO (since April 2015) and Vice President of HASCO (since April 2018). Mr. Decker serves as AML Officer of HFD (since May 2015). Mr. Decker also serves as Vice President of HFMG (since April 2018). Prior to joining The Hartford, Mr. Decker served as Vice President and AML Officer at Janney Montgomery Scott (a broker dealer) from April 2011 to January 2015.   N/A    N/A

AMY N. FURLONG

(1979)

   Vice President and Treasurer   Since 2018   Ms. Furlong serves as Vice President and Assistant Treasurer of HFMC (since September 2019). Ms. Furlong has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Furlong joined The Hartford in 2004.   N/A    N/A

WALTER F. GARGER

(1965)

  

Vice President and Chief

Legal Officer

  Since 2016   Mr. Garger serves as Secretary, Managing Director and General Counsel of HFMG, HFMC, HFD, and HASCO (since 2013). Mr. Garger also serves as Secretary and General Counsel of Lattice (since July 2016). Mr. Garger has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Garger joined The Hartford in 1995.   N/A    N/A

THEODORE J. LUCAS

(1966)

   Vice President   Since 2017   Mr. Lucas serves as Executive Vice President of HFMG (since July 2016) and as Executive Vice President of Lattice (since June 2017). Previously, Mr. Lucas served as Managing Partner of Lattice (2003 to 2016).   N/A    N/A

JOSEPH G. MELCHER

(1973)

   Vice President and Chief Compliance Officer   Since 2013   Mr. Melcher serves as Executive Vice President of HFMG and HASCO (since December 2013). Mr. Melcher also serves as Executive Vice President (since December 2013) and Chief Compliance Officer (since December 2012) of HFMC, serves as Executive Vice President and Chief Compliance Officer of Lattice (since July 2016), serves as Executive Vice President of HFD (since December 2013), and has served as President and Chief Executive Officer of HFD (from April 2018 to June 2019).   N/A    N/A

 

 

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Hartford International/Global Equity Funds

Directors and Officers of the Company (Unaudited) – (continued)

 

 

 

NAME, YEAR OF BIRTH

AND ADDRESS(1)

  

POSITION
HELD WITH
THE COMPANY

 

TERM OF
OFFICE(2) AND
LENGTH OF
TIME SERVED

 

PRINCIPAL OCCUPATION(S)

DURING PAST 5 YEARS

  NUMBER OF
PORTFOLIOS
IN FUND
COMPLEX(3)
OVERSEEN
BY DIRECTOR
  

OTHER DIRECTORSHIPS
FOR PUBLIC COMPANIES
AND OTHER REGISTERED
INVESTMENT COMPANIES
HELD BY DIRECTOR

VERNON J. MEYER

(1964)

   Vice President   Since 2006   Mr. Meyer serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG (since 2013). Mr. Meyer also serves as Senior Vice President-Investments of Lattice (since March 2019). Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004.   N/A    N/A

ALICE A. PELLEGRINO

(1960)

   Vice President and Assistant Secretary   Since 2016   Ms. Pellegrino serves as Vice President of HFMG (since December 2013). Ms. Pellegrino also serves as Vice President and Assistant Secretary of Lattice (since June 2017). Ms. Pellegrino is a Senior Counsel and has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Pellegrino joined The Hartford in 2007.   N/A    N/A

THOMAS R. PHILLIPS

(1960)

   Vice President and Secretary   Since 2017   Mr. Phillips is Deputy General Counsel for HFMG and currently serves as Vice President (since February 2017) and Assistant Secretary (since June 2017) for HFMG. Prior to joining HFMG in 2017, Mr. Phillips was a Director and Chief Legal Officer of Saturna Capital Corporation from 2014–2016. Prior to that, Mr. Phillips was a Partner and Deputy General Counsel of Lord, Abbett & Co. LLC.   N/A    N/A

 

*

Following their election by shareholders, the following persons become Directors effective November 2, 2020:

 

Derrick D. Cephas – Until his retirement in October 2020, Mr. Cephas was a Partner of Weil, Gotshal & Manges LLP, an international law firm headquartered in New York, where he served as the Head of the Financial Institutions Practice (April 2011 to October 2020). Mr. Cephas serves as a Director of Signature Bank, a New York-based commercial bank, and is a member of the Credit Committee, Examining Committee and Risk Committee (March 2016 to present).

 

Andrew A. Johnson – Mr. Johnson currently serves as a Diversity and Inclusion Advisor at Neuberger Berman, a private, global investment management firm. Prior to his current role, Mr. Johnson served as Chief Investment Officer and Head of Global Investment Grade Fixed Income at Neuberger Berman (January 2009 to December 2018).

 

Paul L. Rosenberg – Mr. Rosenberg is a Partner of The Bridgespan Group, a global nonprofit consulting firm that is a social impact advisor to nonprofits, non-governmental organizations, philanthropists and institutional investors (October 2007 to present).

(1)

The address for each officer and Director is c/o Hartford Funds 690 Lee Road, Wayne, Pennsylvania 19087.

(2)

Each Director holds an indefinite term until his or her retirement, resignation, removal, or death. Directors generally must retire no later than December 31 of the year in which the Director turns 75 years of age. Each Fund officer generally serves until his or her resignation, removal, or death.

(3)

The portfolios of the “Fund Complex” are operational series of The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., Hartford HLS Series Fund II, Inc., Lattice Strategies Trust, Hartford Funds Exchange-Traded Trust, and Hartford Schroders Opportunistic Income Fund.

(4)

Effective December 31, 2020, Mr. Hill will retire from the Board of Directors.

(5)

“Interested person,” as defined in the 1940 Act, of the Company because of the person’s affiliation with, or equity ownership of, HFMC, HFD or affiliated companies.

 

 

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Hartford International/Global Equity Funds

 

 

 

 

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

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

QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)

Each Fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. Each Fund’s Form N-PORT reports are available (1) without charge, upon request, by calling 888-843-7824, (2) on the Funds’ website, hartfordfunds.com, and (3) on the SEC’s website at http://www.sec.gov.

 

 

  98  

 


Hartford International/Global Equity Funds

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

 

 

 

The Hartford Mutual Funds, Inc.

Hartford Climate Opportunities Fund (formerly, Hartford Environmental Opportunities Fund)

Hartford Emerging Markets Equity Fund

Hartford Global Impact Fund

Hartford International Equity Fund

The Hartford International Growth Fund

The Hartford International Opportunities Fund

The Hartford International Value Fund

(each, a “Fund” and collectively, the “Funds”)

Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), annually review and consider the continuation of the mutual fund’s investment advisory and sub-advisory agreements. At its meeting held on August 4-5, 2020, the Board of Directors (the “Board”) of The Hartford Mutual Funds, Inc. (“HMF”), including each of the Independent Directors, unanimously voted to approve (i) the continuation of an investment management agreement by and between Hartford Funds Management Company, LLC (“HFMC”) and each of HMF, on behalf of each of Hartford Climate Opportunities Fund, Hartford Emerging Markets Equity Fund, Hartford International Equity Fund, The Hartford International Growth Fund, The Hartford International Opportunities Fund, and The Hartford International Value Fund, and The Hartford Mutual Funds II, Inc. (“HMF II”), on behalf of its series (the “Management Agreement”); (ii) the continuation of an investment management agreement by and between HFMC and HMF, on behalf of the Hartford Global Impact Fund (the “Global Impact Management Agreement” and together with the Management Agreement, the “Management Agreements”); (iii) the continuation of an investment sub-advisory agreement (the “Schroders Sub-Advisory Agreement”) by and between HFMC and Schroder Investment Management North America Inc. (“SIMNA Inc.”) with respect to the Hartford Climate Opportunities Fund; (iv) the continuation of an investment sub-sub-advisory agreement (the “Sub-Sub-Advisory Agreement” and together with the Schroders Sub-Advisory Agreement, the “Schroders Agreements”) by and between SIMNA Inc. and Schroder Investment Management North America Limited (“SIMNA Ltd.” and together with SIMNA Inc., “Schroders”) with respect to the Hartford Climate Opportunities Fund (the “Sub-Sub-Advised Fund”); and (v) the continuation of an investment sub-advisory agreement (the “Sub-Advisory Agreement,” and together with the Schroders Sub-Advisory Agreement, the “Sub-Advisory Agreements” and collectively with the Management Agreements and the Sub-Sub-Advisory Agreement, the “Agreements”) between HFMC and Wellington Management Company LLP (“Wellington,” and together with Schroders, the “Sub-advisers,” and collectively with HFMC, the “Advisers”) with respect to each Fund.

In the months preceding the August 4-5, 2020 meeting, the Board requested and reviewed written responses from the Advisers to questions posed to the Advisers on behalf of the Independent Directors and supporting materials relating to those questions and responses. In addition, the Board considered such additional information as it deemed reasonably necessary to evaluate the Agreements, as applicable, with respect to each Fund, which included information furnished to the Board and its committees at their meetings throughout the year and in between regularly scheduled meetings on particular matters as the need arose, as well as information specifically prepared in connection with the approval of the continuation of the Agreements that was presented at the Board’s meetings held on June 16-17, 2020 and August 4-5, 2020. Information provided to the Board and its committees at their meetings throughout the year included, among other things, reports on Fund performance, legal, compliance and risk management matters, sales and marketing activity, shareholder services, and the other services provided to each Fund by the Advisers and their affiliates. The members of the Board also considered the materials and presentations by Fund officers and representatives of HFMC received at the Board’s meetings on June 16-17, 2020 and August 4-5, 2020 concerning the Agreements and at the special meeting of the Board’s Investment Committee on May 12, 2020 concerning Fund performance and other investment-related matters.

The Independent Directors, advised by independent legal counsel throughout the evaluation process, engaged service providers to assist them with evaluating the Agreements with respect to each Fund, as applicable. Broadridge Financial Solutions, Inc. (“Broadridge”), an independent provider of investment company data, was retained to provide the Board with reports on how each Fund’s contractual management fees, actual management fees, overall expense ratios and investment performance compared to those of comparable mutual funds with similar investment objectives. The Independent Directors also engaged an independent financial services consultant (the “Consultant”) to assist them in evaluating each Fund’s contractual management fees, actual management fees, overall expense ratios and investment performance. In addition, the Consultant reviewed the profitability methodologies utilized by HFMC in connection with the continuation of the Management Agreements.

In determining whether to approve the continuation of the Agreements for a Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate through the exercise of their reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to approve the continuation of the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreements. The Board was also furnished with an analysis of its fiduciary obligations in connection with its evaluation of the Agreements. Throughout the evaluation process, the Board was assisted by counsel for the Funds. The Independent Directors were also separately assisted by independent legal counsel throughout the evaluation process. In connection with their deliberations, the Independent Directors met separately with independent legal counsel and the Consultant on June 12, 2020 and in executive session on several occasions to consider their responsibilities under relevant laws

 

 

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Hartford International/Global Equity Funds

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

 

 

 

and regulations and to discuss the materials presented and other matters deemed relevant to their consideration of the approval of the continuation of the Agreements. As a result of the discussions that occurred during the June 12, 2020 and June 16-17, 2020 meetings, the Independent Directors presented HFMC with requests for additional information on certain topics. HFMC responded to these requests with written additional information in advance of the August 4-5, 2020 meeting. A more detailed summary of the important, but not necessarily all, factors the Board considered with respect to its approval of the continuation of the Agreements is provided below.

Nature, Extent and Quality of Services Provided by the Advisers

The Board requested and considered information concerning the nature, extent and quality of the services provided to each Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services provided by the Advisers. The Board considered the Advisers’ professional personnel who provide services to the Funds, including each Adviser’s ability and experience in attracting and retaining qualified personnel to service the Funds. The Board considered each Adviser’s reputation and overall financial strength, as well as each Adviser’s willingness to consider and implement organizational and operational changes designed to enhance services to the funds managed by HFMC and its affiliates (the “Hartford funds”). In addition, the Board considered the quality of each Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Funds and other Hartford funds. In this regard, the Board took into account the Advisers’ communications with the Board in light of the market volatility amidst the coronavirus (“COVID-19”) pandemic.

The Board also requested and evaluated information concerning each Adviser’s regulatory and compliance environment. In this regard, the Board requested and reviewed information about each Adviser’s compliance policies and procedures, compliance history, and a report from the Funds’ Chief Compliance Officer about each Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and any compliance or other issues raised by regulators. The Board also noted the Advisers’ support of the Funds’ compliance control structure, as applicable, and, in particular, the resources devoted by the Advisers in support of the Funds’ obligations pursuant to Rule 38a-1 under the 1940 Act and the Funds’ liquidity risk management program, as well as the efforts of the Advisers to combat cybersecurity risks. The Board also considered HFMC’s investments in business continuity planning designed to benefit the Funds, and the implementation of HFMC’s business continuity plans due to the COVID-19 pandemic. The Board also noted HFMC’s commitment to maintaining high quality systems and expending substantial resources to prepare for and respond to ongoing changes to the market, regulatory and control environments in which the Funds and their service providers operate, including changes associated with the COVID-19 pandemic.

With respect to HFMC, the Board noted that, under the Management Agreements, HFMC is responsible for the management of the Funds, including oversight of fund operations and service providers, and the provision of administrative and investment advisory services in connection with selecting, monitoring and supervising the Sub-advisers for the Funds. In this regard, the Board evaluated information about the nature and extent of responsibilities retained and risks assumed by HFMC that were not delegated to or assumed by the Sub-advisers. The Board considered HFMC’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the Hartford funds’ portfolio managers. The Board noted that HFMC has demonstrated a record of initiating changes to the portfolio management and/or investment strategies of the Hartford funds when warranted. The Board considered HFMC’s periodic due diligence reviews of each Sub-adviser and ongoing oversight of each Sub-adviser’s investment approach and results, process for monitoring best execution of portfolio trades and other trading operations by each Sub-adviser, and approach to risk management with respect to the Funds and the service providers to the Funds. The Board considered HFMC’s oversight of the Funds’ securities lending program and noted the income earned by the Funds that participate in such program. The Board also considered HFMC’s day-to-day oversight of each Fund’s compliance with its investment objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of HFMC’s oversight in this regard. Moreover, the Board considered HFMC’s oversight of potential conflicts of interest between the Funds’ investments and those of other funds or accounts managed by the Funds’ portfolio management personnel.

In addition, the Board considered HFMC’s ongoing commitment to review and rationalize the Hartford funds product line-up. The Board also considered the expenses that HFMC had incurred, as well as the risks HFMC had assumed, in connection with the launch of new funds and changes to existing Hartford funds in recent years. The Board considered that HFMC is responsible for providing the Funds’ officers.

With respect to the Sub-advisers, which provide certain day-to-day portfolio management services for the Funds and the Sub-Sub-Advised Fund, respectively, subject to oversight by HFMC, the Board considered, among other things, each Adviser’s investment personnel, investment philosophy and process, investment research capabilities and resources, performance record, trade execution capabilities and experience, including with respect to climate change-related investments for the Hartford Climate Opportunities Fund and impact-related investments for the Hartford Global Impact Fund. The Board considered the experience of each Fund’s portfolio manager(s), the number of accounts managed by the portfolio manager(s), and each Adviser’s method for compensating the portfolio manager(s). The Board also considered each Sub-adviser’s succession planning practices to ensure continuity of portfolio management services provided to the Funds.

The Board considered the benefits to shareholders of being part of the family of Hartford funds, including, with respect to certain share classes, the right to exchange investments between the same class of shares without a sales charge, the ability to reinvest Fund dividends into other Hartford funds (excluding the Hartford funds that are exchange-traded funds or an interval fund), and the ability to combine holdings in a Fund with holdings in other Hartford funds (excluding the Hartford funds that are exchange-traded funds or an interval fund) and 529 plans for which HFMC serves as the program manager to obtain a reduced sales charge. The Board considered HFMC’s efforts to provide investors in the Hartford funds with a broad range of

 

 

  100  

 


Hartford International/Global Equity Funds

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

 

 

 

investment styles and asset classes and the assumption of entrepreneurial and other risks by HFMC in sponsoring and providing ongoing services to new funds to expand these opportunities for shareholders. In addition, the Board observed that in the marketplace there are a range of investment options available to each Fund’s shareholders and such shareholders, having had the opportunity to consider other investment options, have chosen to invest in the Fund.

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

Performance of each Fund and the Advisers

The Board considered the investment performance of each Fund. In this regard, the Board reviewed the performance of each Fund over different time periods presented in the materials and evaluated HFMC’s analysis of the Fund’s performance for these time periods. The Board considered information and materials provided to the Board by the Advisers concerning Fund performance, as well as information from Broadridge comparing the investment performance of each Fund to an appropriate universe of peer funds. The Board noted that while it found the comparative data provided by Broadridge generally useful in evaluating a Hartford fund’s investment performance, the Board recognized the limitations of such data, including, in particular, that notable differences may exist between a Hartford fund and its peers. For details regarding each Fund’s performance, see the Fund-by-Fund synopsis below.

The Board considered the detailed investment analytics reports provided by HFMC’s Investment Advisory Group throughout the year, including in connection with the approval of the continuation of the Agreements. These reports included, among other things, information on each Fund’s gross returns and net returns, the Fund’s investment performance compared to one or more appropriate benchmarks and relevant groups or categories of peer funds, various statistics concerning the Fund’s portfolio, a narrative summary of various factors affecting Fund performance, and commentary on the effect of current and recent market conditions. The Board also noted that, for each of the Hartford International Equity Fund and The Hartford International Growth Fund, such Fund uses a multiple sleeve structure whereby each sleeve uses a different investment style and considered the performance attributions of the underlying managers. With respect to The Hartford International Growth Fund, the Board considered that effective September 1, 2020, the Fund would no longer operate in a multiple sleeve structure. With respect to the Hartford Climate Opportunities Fund, the Board noted that each of Wellington and Schroders are responsible for the day-to-day portfolio management services for the allocated sleeve of the Fund and considered the performance attributions of each sleeve. The Board considered the Advisers’ work with the Investment Committee, which assists the Board in evaluating the performance of each Fund at periodic meetings throughout the year and specifically with respect to the approval of the continuation of the Agreements. The Board considered that the Investment Committee, in its evaluation of investment performance at meetings throughout the year, focused particular attention on information indicating less favorable performance of certain Hartford funds for specific time periods and discussed with the Advisers the reasons for such performance. The Board also considered the analysis provided by the Consultant relating to each Fund’s performance track record.

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

Costs of the Services and Profitability of the Advisers

The Board reviewed information regarding HFMC’s cost to provide investment management and related services to each Fund and HFMC’s profitability, both overall and for each Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to HFMC and its affiliates from all services provided to each Fund and all aspects of their relationship with the Fund, including information regarding profitability trends over time and information provided by Broadridge analyzing the profitability of managers to other fund complexes. The Board also requested and received information relating to the operations and profitability of the Sub-advisers. The Board considered representations from HFMC and each Sub-adviser that the Sub-adviser’s fees were negotiated at arm’s length on a Fund-by-Fund basis and that the sub-advisory fees are paid by HFMC and not the Funds. The Board also considered that SIMNA Ltd. is an affiliate of SIMNA Inc. and that SIMNA Ltd.’s sub-sub-advisory fees would be paid by SIMNA Inc., not the Sub-Sub-Advised Fund. Accordingly, the Board concluded that the profitability of the Sub-advisers is a less relevant factor with respect to the Board’s consideration of the Sub-Advisory Agreements and the Sub-Sub-Advisory Agreement.

The Board considered the Consultant’s review of the methodologies and estimates used by HFMC in calculating profitability in connection with the continuation of the Management Agreements, including a description of the methodology used to allocate certain expenses. The Board noted that the Consultant, at the Independent Directors’ request, performed a full review of HFMC’s process for calculating and reporting Fund profitability consistent with similar periodic reviews previously performed by the Consultant. The Board noted the Consultant’s view that such process is reasonable, sound and consistent with common industry practice.

Based on these considerations, the Board concluded that the profits realized by the Advisers and their affiliates from their relationships with each Fund were not excessive.

 

 

  101  

 


Hartford International/Global Equity Funds

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

 

 

 

Comparison of Fees and Services Provided by the Advisers

The Board considered the comparative information that had been provided at meetings on June 16-17, 2020 and August 4-5, 2020 with respect to the services rendered to and the management fees to be paid by each Fund to HFMC and the total expense ratios of the Fund. The Board also considered comparative information with respect to the sub-advisory fees to be paid by HFMC to the Sub-advisers with respect to each Fund. In this regard, the Board requested and reviewed information from HFMC and the Sub-advisers relating to the management and sub-advisory fees, including the sub-advisory fee schedule(s) for each Fund and the amount of the management fee retained by HFMC, and total operating expenses for each Fund. The Board also reviewed information from Broadridge comparing each Fund’s contractual management fees, actual management fees and total expense ratios relative to an appropriate group of funds selected by Broadridge. The Board considered such information from Broadridge in consultation with the Consultant. For details regarding each Fund’s expenses, see the Fund-by-Fund synopsis below.

The Board considered the methodology used by Broadridge to select the funds included in the expense groups. While the Board recognized that comparisons between a Fund and its peer funds may be imprecise given, among other differences, the different service levels and characteristics of mutual funds and the different business models and cost structures of the Advisers, the comparative information provided by Broadridge assisted the Board in evaluating the reasonableness of each Fund’s fees and total operating expenses. In addition, the Board considered the analysis and views of the Consultant relating to each Fund’s fees and total operating expenses.

The Board also received information regarding fees charged by the Sub-advisers to any other clients with investment strategies similar to those of the Funds, including institutional separate account clients and registered fund clients for which a Sub-adviser serves as either primary investment adviser or sub-adviser. The Board considered the explanations provided by the Sub-advisers about any differences between a Sub-adviser’s services to the Funds and the services the Sub-adviser provides to other types of clients. In this regard, the Board reviewed information about the generally broader scope of services and compliance, reporting and other legal burdens and risks of managing registered funds compared with those associated with managing assets of non-registered fund clients such as institutional separate accounts.

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

Economies of Scale

The Board considered information regarding the extent to which economies of scale may be realized as a Fund grows and whether fee levels reflect these economies of scale for the benefit of shareholders of the Fund. The Board reviewed the breakpoints in the management fee schedule for each Fund, if any, which reduce fee rates as the Fund’s assets grow over time. The Board recognized that a Fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower overall effective management fee rates. The Board also recognized that a fee schedule that reaches a breakpoint at a lower asset level provides shareholders with the benefit of anticipated or potential economies of scale. The Board considered that expense limitations and fee waivers that reduce a Fund’s expenses at all asset levels can have the same effect as breakpoints in sharing economies of scale with shareholders and provide protection from an increase in expenses if the Fund’s assets decline. In addition, the Board considered that initially setting competitive fee rates, pricing a Fund to scale at inception and making additional investments intended to enhance services available to shareholders are other means of sharing anticipated or potential economies of scale with shareholders. The Board also considered that HFMC has been active in managing expenses, which has resulted in benefits being realized by shareholders.

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

After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of each Fund’s shareholders based on currently available information and the effective management fees and total expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor any future growth in each Fund’s assets and the appropriateness of additional management fee breakpoints or other methods to share benefits from economies of scale as part of its future review of the Agreement.

Other Benefits

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

The Board noted that HFMC receives fees for fund accounting and related services from the Funds, and the Board considered information on the profitability to HFMC from providing such services to the Funds. The Board also considered that each Fund pays a transfer agency fee to Hartford Administrative Services Company (“HASCO”), an affiliate of HFMC, equal to the lesser of: (i) the actual costs incurred by HASCO in connection with the provisions of transfer agency services, including payments made to sub-transfer agents, plus a reasonable target profit margin; or (ii) a specified amount as set forth in the Transfer Agency and Service Agreement by and between HMF on behalf of its Funds, HMF II, on behalf of its series, and

 

 

  102  

 


Hartford International/Global Equity Funds

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

 

 

 

HASCO. The Board reviewed information about the profitability to HASCO of the Funds’ transfer agency function. The Board considered information provided by HFMC indicating that the transfer agency fees charged by HASCO to the Funds were fair and reasonable based on publicly available information. The Board also noted that HFMC and HASCO had delegated certain fund accounting services and transfer agency services, respectively, to external service providers.

The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of HFMC, serves as principal underwriter of the Funds. The Board noted that, as principal underwriter, HFD receives distribution and service fees from the Funds and receives all or a portion of the sales charges on sales or redemptions of certain classes of shares.

The Board considered the benefits, if any, to the Sub-advisers from any use of a Fund’s brokerage commissions to obtain soft dollar research. The Board also considered that SIMNA Inc. has entered into a solicitation agreement with HFMC pursuant to which HFMC provides certain marketing support services with respect to an investment strategy model offered by SIMNA Inc. through its managed account platforms.

Fund-by-Fund Factors

For purposes of the Fund-by-Fund discussion below, Fund performance is referred to as “in line with” a Fund’s benchmark where it was 0.5% above or below the benchmark return, and each Fund’s performance relative to its primary benchmark reflects the net performance of the Fund’s Class I shares as of March 31, 2020.

Hartford Climate Opportunities Fund

 

 

The Board noted that the Fund’s performance was in the 1st quintile of its performance universe for the 1- and 3-year periods. The Board also noted that the Fund’s performance was above its benchmark for the 1-year period and below its benchmark for the 3-year period. The Board noted recent changes to the Fund’s portfolio management team. The Board also noted that certain changes had recently been made to the Fund’s principal investment strategy.

 

 

The Board noted that the Fund’s contractual management fee, actual management fee, and total expenses (less 12b-1 and shareholder service fees) were in the 1st quintile of its expense group. The Board noted that Class A shares of the Fund have a contractual expense cap of 1.19% through February 28, 2021, which resulted in HFMC reimbursing the Fund for certain expenses.

Hartford Emerging Markets Equity Fund

 

 

The Board noted that the Fund’s performance was in the 4th quintile of its performance universe for the 1-year period and the 3rd quintile for the 3- and 5-year periods. The Board also noted that the Fund’s performance was below its benchmark for the 1- and 3-year periods and in line with its benchmark for the 5-year period. The Board noted the recently added portfolio manager to the Fund.

 

 

The Board noted that the Fund’s contractual management fee was in the 2nd quintile of its expense group, while its actual management fee was in the 4th quintile and its total expenses (less 12b-1 and shareholder service fees) were in the 3rd quintile. The Board noted that Class A shares of the Fund have a contractual expense cap of 1.45% through February 28, 2021, which resulted in HFMC reimbursing the Fund for certain expenses.

Hartford Global Impact Fund

 

 

The Board noted that the Fund’s performance was in the 1st quintile of its performance universe for the 1- and 3-year periods. The Board also noted that the Fund’s performance was below its benchmark for the 1-year period and above its benchmark for the 3-year period. The Board noted recent changes to the Fund’s portfolio management team. The Board also noted that the fund no longer operates in a master feeder structure and that certain changes had recently been made to the Fund’s principal investment strategy.

 

 

The Board noted that the Fund’s contractual management fee and actual management fee were in the 1st quintile of its expense group, while its total expenses (less 12b-1 and shareholder service fees) were in the 2nd quintile. The Board noted that Class A shares of the Fund have a contractual expense cap of 1.19% through February 28, 2021, which resulted in HFMC reimbursing the Fund for certain expenses.

Hartford International Equity Fund

 

 

The Board noted that the Fund’s performance was in the 5th quintile of its performance universe for the 1- and 3-year periods and the 4th quintile for the 5-year period. The Board also noted that the Fund’s performance was below its benchmark for the 1- and 3-year periods and in line with its benchmark for the 5-year period.

 

 

The Board noted that the Fund’s contractual management fee, actual management fee, and total expenses (less 12b-1 and shareholder service fees) were in the 1st quintile of its expense group.

 

 

  103  

 


Hartford International/Global Equity Funds

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

 

 

 

The Hartford International Growth Fund

 

 

The Board noted that the Fund’s performance was in the 2nd quintile of its performance universe for the 1-, 3-, and 5-year periods. The Board also noted that the Fund’s performance was below its benchmark for the 1-year period and in line with its benchmark for the 3- and 5-year periods. The Board considered information provided by HFMC regarding planned changes to the Fund’s portfolio management team and principal investment strategy.

 

 

The Board noted that the Fund’s contractual management fee was in the 2nd quintile of its expense group, while its actual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 3rd quintile. The Board noted that Class A shares of the Fund have a contractual expense cap of 1.30% through February 28, 2021, which resulted in HFMC reimbursing the Fund for certain expenses.

The Hartford International Opportunities Fund

 

 

The Board noted that the Fund’s performance was in the 5th quintile of its performance universe for the 1- and 3-year periods and the 4th quintile for the 5-year period. The Board also noted that the Fund’s performance was above its benchmark for the 1-year period, below its benchmark for the 3-year period, and in line with its benchmark for the 5-year period.

 

 

The Board noted that the Fund’s contractual management fee, actual management fee, and total expenses (less 12b-1 and shareholder service fees) were in the 1st quintile of its expense group. The Board noted that Class Y Shares of the Fund have a contractual transfer agency expense cap of 0.07% through February 28, 2021.

The Hartford International Value Fund

 

 

The Board noted that the Fund’s performance was in the 5th quintile of its performance universe for the 1- and 3-year periods and the 2nd quintile for the 5-year period. The Board also noted that the Fund’s performance was below its benchmark for the 1- and 3-year periods and above its benchmark for the 5-year period.

 

 

The Board noted that the Fund’s contractual management fee was in the 3rd quintile of its expense group, while its actual management fee was in the 5th quintile and its total expenses (less 12b-1 and shareholder service fees) were in the 2nd quintile. The Board noted that Class Y Shares of the Fund have a contractual transfer agency expense cap of 0.06% through February 28, 2021.

* * * *

Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of each Fund and its shareholders for the Board to approve the continuation of the Agreements for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves.

 

 

  104  

 


Hartford International/Global Equity Funds

Supplemental Proxy Information (Unaudited)

 

 

 

A joint special meeting of shareholders of the Funds was held on October 21, 2020 (the “Shareholder Meeting”). The Shareholder Meeting was held for the purpose of electing members of the Funds’ Board of Directors. Shareholders elected the following ten (10) Directors at the Shareholder Meeting:

 

   

Hilary E. Ackermann

   

Robin C. Beery

   

Lynn S. Birdsong

   

Derrick D. Cephas

   

James E. Davey

   

Christine R. Detrick

   

Andrew A. Johnson

   

Paul L. Rosenberg

   

Lemma W. Senbet

   

David Sung

The results of the shareholders’ election of Directors were as follows:

 

The Hartford Mutual Funds, Inc.

 

Shares Outstanding (as of Record Date): 4,786,852,771.602

Total Shares Voted: 3,984,902,623.370

Percentage of Shares Voted: 83.246%

 

 

 

 

 

Director

  

Vote

  

Total Shares Voted

   Percentage of
Shares Voted
     Percentage
of Shares
Outstanding
 

Hilary E. Ackermann

   For:    3,902,805,882.770      97.940      81.531
   Withheld:    82,096,740.600      2.060      1.715

Robin C. Beery

   For:    3,915,421,841.765      98.257      81.795
   Withheld:    69,480,781.605      1.743      1.451

Lynn S. Birdsong

   For:    3,905,268,785.333      98.002      81.583
   Withheld:    79,633,838.037      1.998      1.663

Derrick D. Cephas

   For:    3,906,387,023.712      98.030      81.606
   Withheld:    78,515,599.658      1.970      1.640

James E. Davey

   For:    3,911,005,174.673      98.146      81.703
   Withheld:    73,897,448.697      1.854      1.543

Christine R. Detrick

   For:    3,915,250,969.140      98.253      81.791
   Withheld:    69,651,654.230      1.747      1.455

Andrew A. Johnson

   For:    3,908,222,118.290      98.076      81.645
   Withheld:    76,680,505.080      1.924      1.601

Paul L. Rosenberg

   For:    3,904,491,528.107      97.983      81.567
   Withheld:    80,411,095.263      2.017      1.679

Lemma W. Senbet

   For:    3,908,008,747.183      98.071      81.640
   Withheld:    76,893,876.187      1.929      1.606

David Sung

   For:    3,899,522,144.326      97.858      81.463
   Withheld:    85,380,479.044      2.142      1.783

As of the date of the Shareholder Meeting, Mr. Duane E. Hill served as a Director and did not seek re-election. Mr. Hill will continue to serve as a Director until his scheduled retirement on December 31, 2020.

 

 

  105  

 


THIS PRIVACY POLICY IS NOT PART OF THIS REPORT

CUSTOMER PRIVACY NOTICE

The Hartford Financial Services Group, Inc. and Affiliates*

(herein called “we, our, and us”)

This Privacy Policy applies to our United States Operations

 

We value your trust. We are committed to the responsible:

a) management;

b) use; and

c) protection;

of Personal Information.

This notice describes how we collect, disclose, and protect Personal Information.

We collect Personal Information to:

a) service your Transactions with us; and

b) support our business functions.

We may obtain Personal Information from:

a) You;

b) your Transactions with us; and

c) third parties such as a consumer-reporting agency.

Based on the type of product or service You apply for or get from us, Personal Information such as:

a) your name;

b) your address;

c) your income;

d) your payment; or

e) your credit history;

may be gathered from sources such as applications, Transactions, and consumer reports.

To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as:

a) our insurance companies;

b) our employee agents;

c) our brokerage firms; and

d) our administrators.

As allowed by law, we may share Personal Financial Information with our affiliates to:

a) market our products; or

b) market our services;

to You without providing You with an option to prevent these disclosures.

We may also share Personal Information, only as allowed by law, with unaffiliated third parties including:

a) independent agents;

b) brokerage firms;

c) insurance companies;

d) administrators; and

e) service providers;

who help us serve You and service our business.

When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as:

a) taking surveys;

b) marketing our products or services; or

c) offering financial products or services under a joint agreement between us and one or more financial institutions.

We, and third parties we partner with, may track some of the pages You visit through the use of:

a) cookies;

b) pixel tagging; or

c) other technologies;

and currently do not process or comply with any web browser’s “do not track” signal or other similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.

For more information, our Online Privacy Policy, which governs information we collect on our website and our affiliate websites, is available at https://www.thehartford.com/online-privacy-policy.

We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to:

a) “opt-out;” or

b) “opt-in;”

as required by law.

We only disclose Personal Health Information with:

a) your authorization; or

b) as otherwise allowed or required by law.

Our employees have access to Personal Information in the course of doing their jobs, such as:

a) underwriting policies;

b) paying claims;

c) developing new products; or

d) advising customers of our products and services.

We use manual and electronic security procedures to maintain:

a) the confidentiality; and

b) the integrity of;

Personal Information that we have. We use these procedures to guard against unauthorized access.

Some techniques we use to protect Personal Information include:

a) secured files;

b) user authentication;

c) encryption;

d) firewall technology; and

e) the use of detection software.

 


 

 

We are responsible for and must:

a) identify information to be protected;

b) provide an adequate level of protection for that data; and

c) grant access to protected data only to those people who must use it in the performance of their job-related duties.

Employees who violate our privacy policies and procedures may be subject to discipline, which may include termination of their employment with us.

We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us.

As used in this Privacy Notice:

Application means your request for our product or service.

Personal Financial Information means financial information such as:

a) credit history;

b) income;

c) financial benefits; or

d) policy or claim information.

Personal Financial Information may include Social Security Numbers, Driver’s license numbers, or other government-issued identification numbers, or credit, debit card, or bank account numbers.

Personal Health Information means health information such as:

a) your medical records; or

b) information about your illness, disability or injury.

Personal Information means information that identifies You personally and is not otherwise available to the public. It includes:

a) Personal Financial Information; and

b) Personal Health Information.

Transaction means your business dealings with us, such as:

a) your Application;

b) your request for us to pay a claim; and

c) your request for us to take an action on your account.

You means an individual who has given us Personal Information in conjunction with:

a) asking about;

b) applying for; or

c) obtaining;

a financial product or service from us if the product or service is used mainly for personal, family, or household purposes.

 

If you have any questions or comments about this privacy notice, please feel free to contact us at The Hartford – Consumer Rights and Privacy Compliance Unit, One Hartford Plaza, Hartford, CT 06155, or at ConsumerPrivacyInquiriesMailbox@thehartford.com.

This Customer Privacy Notice is being provided on behalf of The Hartford Financial Services Group, Inc. and its affiliates (including the following as of March 2020), to the extent required by the Gramm-Leach-Bliley Act and implementing regulations:

1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; Assurances Continentales Continentale Verzekeringen N.V; Bracht, Deckers & Mackelbert N.V.; Business Management Group, Inc.; Canal Re S.A.; Cervus Claim Solutions, LLC; First State Insurance Company; FTC Resolution Company LLC; Hart Re Group L.L.C.; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Distributors, LLC; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford Holdings, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Insurance, Ltd.; Hartford Integrated Technologies, Inc.; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Management, Ltd.; Hartford Productivity Services LLC; Hartford of Texas General Agency, Inc.; Hartford Residual Market, L.C.C.; Hartford Specialty Insurance Services of Texas, LLC; Hartford STAG Ventures LLC; Hartford Strategic Investments, LLC; Hartford Underwriters General Agency, Inc.; Hartford Underwriters Insurance Company; Heritage Holdings, Inc.; Heritage Reinsurance Company, Ltd.; HLA LLC; HL Investment Advisors, LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lattice Strategies LLC; Maxum Casualty Insurance Company; Maxum Indemnity Company; Maxum Specialty Services Corporation; Millennium Underwriting Limited; MPC Resolution Company LLC; Navigators (Asia) Limited; Navigators Corporate Underwriters Limited; Navigators Holdings (Europe) N.V.; Navigators Holdings (UK) Limited; Navigators Insurance Company; Navigators International Insurance Company Ltd.; Navigators Management Company, Inc.; Navigators Management (UK) Limited; Navigators N.V.; Navigators Specialty Insurance Company; Navigators Underwriting Agency Limited; Navigators Underwriting Limited; New England Insurance Company; New England Reinsurance Corporation; New Ocean Insurance Co., Ltd.; NIC Investments (Chile) SpA; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Property and Casualty Insurance Company of Hartford; Sentinel Insurance Company, Ltd; The Navigators Group, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company; Y-Risk, LLC.

Revised March 2020


This report is submitted for the general information of the shareholders of the Funds referenced in this report. It is not authorized for distribution to persons who are not shareholders of one or more Funds referenced in this report unless preceded or accompanied by a current prospectus for the relevant Funds. Nothing herein contained is to be considered an offer of sale or a solicitation of an offer to buy shares of any Fund listed in this report. Such offering is only made by prospectus, which includes details as to the offering price and other material information.

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

Investors should carefully consider the investment objectives, risks, charges and expenses of a Fund. This and other important information is contained in a Fund’s prospectus and summary prospectus, which can be obtained by visiting hartfordfunds.com. Please read it carefully before investing.

Mutual funds are distributed by Hartford Funds Distributors, LLC (HFD), Member FINRA. Advisory services are provided by Hartford Funds Management Company, LLC (HFMC). Certain funds are sub-advised by Wellington Management Company LLP and/or Schroder Investment Management North America Inc. Schroder Investment Management North America Ltd. serves as a sub-sub-adviser to certain funds. Hartford Funds refers to HFD and HFMC, which are not affiliated with any sub-adviser.

MFAR-GE20    12/20    219829    Printed in U.S.A.

 

LOGO


LOGO

Hartford FUNDS OUR BENCHMARK IS THE INVESTOR®. Hartford Fixed Income Funds Annual Report October 31, 2020 The Hartford Emerging Markets Local Debt Fund The Hartford Floating Rate Fund The Hartford Floating Rate High Income Fund The Hartford High Yield Fund The Hartford Inflation Plus Fund Hartford Municipal Income Fund The Hartford Municipal Opportunities Fund Hartford Municipal Short Duration Fund The Hartford Short Duration Fund The Hartford Strategic Income Fund The Hartford Total Return Bond Fund The Hartford World Bond Fund Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of each Fund’s shareholder reports like this one will no longer be sent by mail, unless you specifically request paper copies of the reports from the Fund or from your financial intermediary, such as a broker-dealer or bank. Instead, the reports will be made available on the Funds’ website (hartfordfunds.com). You will be notified by mail each time a report is posted and provided with a website link to access the report. You may at any time elect to receive paper copies of all shareholder reports free of charge by contacting your financial intermediary or, if you invest directly with a Fund, by calling 1-888-843-7824. Your election to receive reports in paper will apply to all Hartford Funds held in your account if you invest through your financial intermediary or directly with a Fund. If you previously elected to receive shareholder reports and other communications electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications electronically anytime by contacting your financial intermediary.


LOGO

A MESSAGE FROM THE PRESIDENT

Dear Shareholders:

Thank you for investing in Hartford Mutual Funds. The following is the Funds’ Annual Report covering the period from November 1, 2019 through October 31, 2020.

Market Review

During the 12 months ended October 31, 2020, U.S. stocks, as measured by the S&P 500 Index,1 gained 9.71% – an impressive number, to be sure, but one that doesn’t

 

begin to capture the drama of a pandemic-driven roller-coaster ride that has plunged the world into economic depths not seen since the Great Recession.

The period began with record-low unemployment, positive stock performances, and an optimistic global growth outlook. In late 2019, for example, months of trade tensions between the U.S. and China appeared to be eased by an initial agreement on tariff and trade reforms. The so-called “Phase One” deal, coupled with progress on resolving issues surrounding the U.K.’s withdrawal from the EU and a new United States-Mexico-Canada Agreement signed in January, 2020, brought calm to markets and seemed to set the stage for a strong 2020.

Instead, the novel coronavirus (COVID-19) pandemic erupted in late January and helped trigger a global recession. As world leaders grappled with the “new normal” of social distancing measures, business closures, and other mitigation efforts, many investors headed for the exits in March, 2020, bringing the longest bull market in U.S. economic history to an abrupt end. By mid-April, the U.S. unemployment rate had surged to 14.7%.

Late April 2020 brought a surprising recovery in U.S. markets, largely in response to an unprecedented economic rescue effort from central banks, including the U.S. Federal Reserve (Fed), which reduced interest rates to near zero and pledged trillions in U.S. securities purchases.

On the fiscal side, the U.S. government unveiled a series of aggressive policy initiatives, including passage of the $2 trillion CARES Act in late March, 2020. The combined fiscal and monetary support provided a lifeline to many businesses large and small, helping to reduce the nation’s unemployment rate in September, 2020, to 7.9% – still alarmingly high compared with the record-low 3.5% in February.

By the period’s end, the U.S. had reached another grim milestone of more than 230,000 coronavirus deaths. As fall cases surged, a new round of lockdowns and restrictions on economic activity, particularly in Europe, were widely adopted; however, Congress deadlocked over providing further economic stimulus. A late-period market selloff triggered by worsening virus numbers reminded investors of the potential for further economic uncertainty ahead. In addition, a contentious U.S. presidential campaign divided the nation.

As we continue to endure spikes in COVID-19 cases while awaiting the regulatory approvals and distribution of a safe and effective vaccine, uncertainty remains. In these unprecedented times, it’s more important than ever to maintain a strong relationship with your financial professional.

Thank you again for investing in Hartford Mutual Funds. For the most up-to-date information on our funds, please take advantage of all the resources available at hartfordfunds.com.

LOGO

James Davey

President

Hartford Funds

 

1 

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

 

The index is unmanaged and not available for direct investment. Past performance does not guarantee future results.


Hartford Fixed Income Funds

Table of Contents

 

Fund Overview (Unaudited)

     2  

Benchmark Glossary (Unaudited)

     41  

Expense Examples (Unaudited)

     42  

Financial Statements:

  

Schedules of Investments:

  

The Hartford Emerging Markets Local Debt Fund

     45  

The Hartford Floating Rate Fund

     55  

The Hartford Floating Rate High Income Fund

     63  

The Hartford High Yield Fund

     70  

The Hartford Inflation Plus Fund

     76  

Hartford Municipal Income Fund

     86  

The Hartford Municipal Opportunities Fund

     92  

Hartford Municipal Short Duration Fund

     102  

The Hartford Short Duration Fund

     106  

The Hartford Strategic Income Fund

     121  

The Hartford Total Return Bond Fund

     150  

The Hartford World Bond Fund

     176  

Glossary

     195  

Statements of Assets and Liabilities

     196  

Statements of Operations

     202  

Statements of Changes in Net Assets

     205  

Financial Highlights

     211  

Notes to Financial Statements

     223  

Report of Independent Registered Public Accounting Firm

     269  

Operation of the Liquidity Risk Management Program (Unaudited)

     270  

Directors and Officers (Unaudited)

     271  

How to Obtain a Copy of each Fund’s Proxy Voting Policies and Voting Records (Unaudited)

     274  

Quarterly Portfolio Holdings Information (Unaudited)

     274  

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

     275  

Supplemental Proxy Information (Unaudited)

     282  

The views expressed in each Fund’s Manager Discussion contained in the Fund Overview section are views of that Fund’s portfolio manager(s) through the end of the period and are subject to change based on market and other conditions, and we disclaim any responsibility to update the views contained herein. These views may contain statements that are “forward-looking” statements. Actual results may differ materially from those projected in the “forward-looking” statements. Each Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable. Holdings and characteristics are subject to change. Fund performance reflected in each Fund’s Manager Discussion reflects the returns of such Fund’s Class A shares, before sales charges. Returns for such Fund’s other classes differ only to the extent that the classes do not have the same expenses.


The Hartford Emerging Markets Local Debt Fund

Fund Overview

October 31, 2020 (Unaudited)

 

 

 

Inception 05/31/2011

Sub-advised by Wellington Management Company LLP

  Investment objective – The Fund seeks capital appreciation and income.

 

LOGO

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.

 

Average Annual Total Returns

for the Periods Ending 10/31/2020

 

      1 Year      5 Years      Since
Inception1
 

Class A2

     -4.02%        3.56%        0.17%  

Class A3

     -8.34%        2.62%        -0.32%  

Class C2

     -4.66%        2.80%        -0.58%  

Class C4

     -5.58%        2.80%        -0.58%  

Class I2

     -3.73%        3.87%        0.43%  

Class R32

     -3.97%        3.40%        -0.07%  

Class R42

     -3.87%        3.57%        0.16%  

Class R52

     -3.52%        3.82%        0.43%  

Class Y2

     -3.72%        3.92%        0.47%  

Class F2

     -3.65%        3.94%        0.46%  

JP Morgan GBI Emerging Markets Global Diversified Index

     -3.81%        3.94%        -0.02%  

 

1 

Inception: 05/31/2011

2

Without sales charge

3 

Reflects maximum sales charge of 4.50%

4 

Reflects a contingent deferred sales charge of 1.00%

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Class F shares commenced operations on 02/28/2017. Performance prior to that date is that of the Fund’s Class I shares.

To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

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

 

Operating Expenses*    Gross      Net  

Class A

     1.36%        1.19%  

Class C

     2.10%        1.94%  

Class I

     1.02%        0.94%  

Class R3

     1.65%        1.49%  

Class R4

     1.35%        1.19%  

Class R5

     1.05%        0.89%  

Class Y

     1.03%        0.89%  

Class F

     0.93%        0.84%  

 

*

Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual expense reimbursement arrangements. Net expenses reflect such arrangements in instances when they reduce gross expenses.. These arrangements remain in effect until 02/28/2021 unless the Fund’s Board of Directors approves an earlier termination. Expenses shown include acquired fund fees and expenses. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020.

 

 

 

  2  

 


The Hartford Emerging Markets Local Debt Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

Portfolio Managers

James W. Valone, CFA*

Senior Managing Director and Fixed Income Portfolio Manager

Wellington Management Company LLP

Michael T. Henry

Managing Director and Fixed Income Portfolio Manager

Wellington Management Company LLP

Kevin Murphy

Senior Managing Director and Fixed Income Portfolio Manager

Wellington Management Company LLP

* James W. Valone, CFA announced his plan to retire and withdraw from the partnership of Wellington Management Company LLP’s parent company, and effective December 31, 2021, he will no longer serve as a portfolio manager to the Fund. As his retirement date approaches, Mr. Valone’s portfolio management responsibilities will transition to Michael T. Henry.

 

 

 

Manager Discussion

How did the Fund perform during the period?

The Class A shares of The Hartford Emerging Markets Local Debt Fund returned -4.02%, before sales charges, for the twelve-month period ended October 31, 2020, underperforming the Fund’s benchmark, the JP Morgan GBI Emerging Markets Global Diversified Index (GBI-EMGD Index), which returned -3.81% for the same period. For the same period, the Class A shares of the Fund, before sales charges, underperformed the -2.79% average return of the Lipper Emerging Markets Local Currency Debt Funds peer group, a group of funds that seek either current income or total return by investing at least 65% of total assets in debt issues denominated in the currency of their market of issuance.

Why did the Fund perform this way?

Performance across the emerging markets fixed income sectors was mixed during the period. Local markets debt, as measured by the GBI-EMGD Index, generated a total return of -3.81% in U.S. dollar terms. Depreciation of emerging markets currencies versus the U.S. dollar drove the negative return, while a decrease in currency exchange rates in emerging markets had a positive impact on relative performance for the period.

Emerging markets corporate debt finished the period with a return of 4.24%, as measured by the JP Morgan CEMBI Broad Diversified (CEMBIBD Index). Credit spreads (difference in yields relative to U.S. Treasuries) widened by 0.65% to a level of 3.88% by the end of the period.

Over the period, global fixed-income markets were primarily influenced by the global growth slowdown driven by the coronavirus pandemic and subsequently the unprecedented speed and magnitude of stimulus measures enacted by global governments and central banks. Global sovereign debt yields significantly declined as major central banks aggressively eased policies in response to the pandemic. Geopolitical uncertainty remained elevated over the period due to the following: widespread protests in both Hong Kong and the United States (U.S.), U.S.-China trade tensions, uncertainty stemming from the U.K.’s exit from the European Union (EU) (also known as Brexit), and U.S. political elections. Credit spreads widened significantly following global lockdown measures in response to the coronavirus but recovered as economies reopened.

Global monetary policies were extremely accommodative during the period. The Federal Reserve (Fed) cut rates to the zero lower bound, committed to buying an unlimited amount of U.S. Treasury and agency mortgage-backed securities, and increased the size and scope of its asset purchase program to include corporate bonds, agency commercial mortgage-backed securities, and commercial paper, while also lending support to the municipal funding market. Later, the Fed amplified its policy response and unveiled a new inflation policy framework. The European Central Bank (ECB) launched its own massive asset purchase program in response to the pandemic, which included non-financial corporate paper for the first time, while also easing collateral rules. Many other developed market central banks cut policy rates significantly, while several emerging market central banks embarked on quantitative easing for the first time during the period.

Regarding emerging markets more specifically, in the first quarter of 2020, the Organization of the Petroleum Exporting Countries (OPEC)+, led by Saudi Arabia, suggested a plan to Russia to extend the timeline and further oil production cuts, which Russia refused, sparking a price war that severely lowered the price of oil, furthering global instability. Additionally, the coronavirus pandemic negatively impacted economies across the globe, including emerging markets. Following these events, the International Monetary Fund (IMF) and World Bank helped countries deal with the impacts of coronavirus. Kristalina Georgieva, Managing Director of the IMF, announced that the IMF was ready to use its $1 trillion lending ability in support and continued to lend to emerging markets countries throughout the pandemic. Additionally, numerous emerging markets countries initiated individual stimulus packages and/or asked for additional stimulus from external institutions in response to the pandemic.

In Emerging Europe, the Middle East, and Africa (EEMEA), some of the key market events during the period included Israel and the United Arab Emirates agreeing to diplomatic ties, in a sign of greater future peace in the region. In Ukraine, a cease-fire between the Ukrainian government and Russian-backed separatists was agreed upon in hope of peace following years of conflict. A U.S.-backed agreement between Serbia and Kosovo to improve economic relations was also passed. Kenya and the U.S. worked on a bilateral trade deal, which aimed to increase American investments into Africa. The Hungarian Parliament ended the state of emergency that gave Prime Minister Viktor Orban the ability to rule by decree. Lebanon defaulted on its U.S.-dollar-denominated debt amid current market crises.

 

 

 

  3  

 


The Hartford Emerging Markets Local Debt Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

In Latin America, Argentina confirmed it agreed to a $65 billion restructuring deal with the major foreign bondholders. Ecuador confirmed a $6.5 billion deal from the IMF and received a credit rating upgrade. Nicolas Maduro, president of Venezuela, removed the license of one of Venezuela’s largest political parties, further weakening his opposition.

In Asia, early in the first quarter of 2020, China officially signed the phase one trade deal with the U.S. However, U.S.-China tensions escalated following China’s imposition of a new national-security law on Hong Kong. Additionally, Vietnam and the EU agreed to a new free trade agreement, which would reduce tariffs and regulatory barriers between the nations.

Within the Fund, relative to the GBI-EMGD Index, security selection was the driver of relative underperformance, while duration positioning and currency positioning had a positive impact. The Fund’s structural allocation to corporate bonds had a negative impact on relative performance as, generally speaking, corporate bonds underperformed the local rates and coupon component of the GBI-EMGD Index. Within the corporate bond holdings in the Fund, security selection drove positive performance versus the CEMBIBD Index, while country allocation had a negative impact.

The Fund’s duration strategies contributed favorably to performance relative to the GBI-EMGD Index during the period, including duration positioning for corporate bonds. The duration effect for external corporate debt is measured by U.S. Treasury yield movement and, over the period, U.S. Treasury rates decreased. In contrast, the Fund’s underweight exposure to emerging markets local market duration detracted from relative results, as emerging markets interest rates decreased over the period. When examining emerging markets local market duration exposure, the Fund’s underweight exposure to lower-yielding markets where we find the risk-reward less attractive, including Malaysia, Poland, Chile, and Thailand, weighed on relative performance. In addition, an underweight exposure in South Africa, where poor fiscal dynamics entering the crisis with no clear debt stabilization plan left them vulnerable, detracted from performance. In contrast, an overweight duration exposure to Uruguay and Mexico, where a low growth, deflationary environment has allowed central banks to keep rates low or cut, contributed positively. An underweight duration exposure to Brazil also proved beneficial.

Security selection detracted from performance relative to the GBI-EMGD Index during the period. In Mexico, an underweight exposure to short- and medium-term local sovereign debt, as well as an allocation to external quasi-sovereign debt in the oil and gas industry, detracted from relative performance. In Brazil, an underweight to short-dated local sovereign debt also detracted from performance during the period. Underweight exposure across local sovereign debt in Indonesia and Turkey, particularly the middle of the yield curve, weighed on relative performance. In contrast, an allocation to external corporate debt in the consumer industry in Israel proved beneficial. Additionally, an allocation to short- and medium-term local sovereign debt in Ukraine contributed positively during the period.

Currency positioning aided relative performance to the GBI-EMGD Index over the period. An underweight exposure to the Turkish lira added to relative performance. An allocation to the Egyptian pound earlier in the period, given stable-to-improving fundamentals and attractive valuations,

added to relative performance during the period. An underweight to the South African rand also proved favorable. Additionally, an overweight exposure to the Mexican peso proved beneficial. In contrast, a short exposure to the euro, taken to diversify the short U.S. dollar position associated with the Fund’s long positions in emerging currencies, detracted from relative performance.

During the period, the Fund’s interest rate and credit positioning was primarily implemented through cash bond positions and derivatives. We used local currency denominated cash bonds, currency forwards (deliverable and non-deliverable), and currency options to express our views on currency. Overall, the use of these instruments contributed positively to the Fund’s relative performance during the period.

What is the outlook as of the end of the period?

We believe lasting economic impacts from the coronavirus pandemic remain despite unprecedented policy responses around the globe. While emerging countries have had mixed success dealing with the spread of the virus, we believe that sufficient fiscal and monetary responses along with support from international financial institutions have staved off the worst-case outcomes. Importantly, in our view, the extensive and persistent central bank stimulus is powerful and likely to drive emerging market fixed income valuations to historic tights in the next year or two. However, the global recession and lockdown measures have put significant pressure on emerging markets’ growth and fiscal performance, eroding buffers leaving some economies vulnerable to both liquidity and solvency risks. We remain selective in looking for opportunities in an uncertain environment. We believe that the coming months still have the potential to produce large surprises, including a potentially disputed outcome to the U.S. elections and a host of possibilities surrounding the aftermath of the coronavirus health crisis. Specifically, on the latter there is a host of questions regarding the development, distribution, and effectiveness of a vaccine.

As of the end of the period, the Fund has a slightly pro-risk posture, driven by a favorable view on emerging market currencies. The Fund is underweight emerging markets local duration across regions. We favor emerging markets local rates markets in select high-yielding countries including Uruguay, where this low growth, deflationary environment has allowed the central bank to keep rates low. As of the end of the period, the Fund was underweight emerging market currencies in aggregate, including an underweight in EEMEA, while overweight in Latin America and Asia.

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. Fixed income security risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall. Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. These risks may be greater for investments in emerging markets. Derivatives are generally more volatile and sensitive to changes in market or economic conditions than other securities; their risks include currency, leverage, liquidity, index, pricing, and counterparty risk. Investments in high-yield (“junk”) bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities. The value of inflation-protected securities (IPS)

 

 

 

  4  

 


The Hartford Emerging Markets Local Debt Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

generally fluctuates with changes in real interest rates, and the market for IPS may be less developed or liquid, and more volatile, than other securities markets. The Fund may invest in a smaller number of issuers, so it may be more exposed to risks and volatility than a more broadly diversified fund. Restricted securities may be more difficult to sell and price than other securities.

Composition by Security Type(1)

as of 10/31/2020

 

Category    Percentage of
Net Assets
 

Fixed Income Securities

 

Corporate Bonds

     29.8

Foreign Government Obligations

     66.4  
  

 

 

 

Total

     96.2
  

 

 

 

Short-Term Investments

     2.5  

Purchased Options

     0.3  

Other Assets & Liabilities

     1.0  
  

 

 

 

Total

     100.0
  

 

 

 

 

(1) 

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

 

 

  5  

 


The Hartford Floating Rate Fund

Fund Overview

October 31, 2020 (Unaudited)

 

 

 

Inception 04/29/2005

Sub-advised by Wellington Management Company LLP

  Investment objective – The Fund seeks to provide high current income, and long-term total return.

 

LOGO

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.

 

Average Annual Total Returns

for the Periods Ending 10/31/2020

 

      1 Year      5 Years      10 Years  

Class A1

     -0.40%        3.38%        3.43%  

Class A2

     -3.39%        2.75%        3.11%  

Class C1

     -1.10%        2.63%        2.66%  

Class C3

     -2.06%        2.63%        2.66%  

Class I1

     -0.14%        3.66%        3.70%  

Class R31

     -0.51%        3.14%        3.16%  

Class R41

     -0.29%        3.41%        3.42%  

Class R51

     -0.07%        3.66%        3.70%  

Class Y1

     0.00%        3.71%        3.77%  

Class F1

     -0.20%        3.70%        3.72%  

S&P/LSTA Leveraged Loan Index

     1.72%        4.09%        4.12%  

 

1 

Without sales charge

2 

Reflects maximum sales charge of 3.00%

3 

Reflects a contingent deferred sales charge of 1.00%

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Class F shares commenced operations on 02/28/2017. Performance prior to that date is that of the Fund’s Class I shares.

To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.

Performance information includes performance under the Fund’s previous sub-adviser, Hartford Investment Management Company. As of 04/23/2012, Wellington Management Company LLP became the sub-adviser for the Fund. At the end of a transition period of approximately four weeks ending on 05/18/2012, Hartford Investment Management Company no longer served as a sub-adviser to the Fund.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

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

 

Operating Expenses*    Gross      Net  

Class A

     1.00%        1.00%  

Class C

     1.74%        1.74%  

Class I

     0.72%        0.72%  

Class R3

     1.33%        1.26%  

Class R4

     1.06%        1.01%  

Class R5

     0.77%        0.77%  

Class Y

     0.73%        0.73%  

Class F

     0.65%        0.65%  

 

*

Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual fee waivers or expense reimbursement arrangements. Net expenses reflect such arrangements in instances when they reduce gross expenses. These arrangements remain in effect until at least 02/28/2021. Expenses shown include acquired fund fees and expenses. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020.

 

 

 

  6  

 


The Hartford Floating Rate Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

Portfolio Managers

David B. Marshak

Managing Director and Fixed Income Portfolio Manager

Wellington Management Company LLP

Jeffrey W. Heuer, CFA

Managing Director and Fixed Income Portfolio Manager

Wellington Management Company LLP

 

 

 

Manager Discussion

How did the Fund perform during the period?

The Class A shares of The Hartford Floating Rate Fund returned -0.40% before sales charges, for the twelve-month period ended October 31, 2020, underperforming the Fund’s benchmark, the S&P/LSTA Leveraged Loan Index, which returned 1.72% for the same period. For the same period, the Class A shares of the Fund, before sales charges, underperformed the -0.21% average return of the Lipper Loan Participation Funds peer group, a group of funds that invest primarily in interests in collateralized senior corporate loans that have floating or variable rates.

Why did the Fund perform this way?

Over the period, global fixed income markets were primarily influenced by the global growth slowdown driven by the coronavirus pandemic and subsequently the unprecedented speed and magnitude of stimulus measures enacted by global governments and central banks. Global sovereign debt yields significantly declined as major central banks aggressively eased policies in response to the pandemic. Geopolitical uncertainty remained elevated over the period due to the following: widespread protests in both Hong Kong and the United States (U.S.), U.S.-China trade tensions, uncertainty stemming from the U.K.’s exit from the European Union (EU) (also known as Brexit), and U.S. political elections. Credit spreads widened significantly following global lockdown measures in response to the coronavirus but recovered as economies reopened.

U.S. monetary policies were extremely accommodative during the period. The Federal Reserve (Fed) cut rates to the zero lower bound, committed to buying an unlimited amount of U.S. Treasury and agency mortgage-backed securities, and increased the size and scope of its asset purchase program to include corporate bonds, agency commercial mortgage-backed securities, and commercial paper, while also lending support to the municipal funding market. Later, the Fed amplified its policy response and unveiled a new inflation policy framework. At the end of the period, U.S. economic data was largely positive. Annualized gross domestic product (GDP) rebounded in the third quarter of 2020, and personal income and spending were boosted by a stronger labor market and pandemic aid. However, a surge in coronavirus cases sparked concerns and dragged down consumer sentiment.

On an excess return basis (returns over U.S. Treasuries), credit risk sectors were mixed during the twelve-month period. Investment-grade corporate bonds had negative returns, but recouped some of their earlier underperformance. High-yield bonds followed a similar path, generating negative excess returns. Securitized sectors were mixed. Agency mortgage-backed securities (MBS) and asset backed securities (ABS)

generated positive excess returns, while commercial mortgage-backed securities (CMBS) generated negative excess returns.

Over the period, sector allocation contributed positively to performance relative to the S&P/LSTA Leveraged Loan Index, while security selection detracted from performance. Within sector allocation, an overweight allocation to the Wireless sector and an underweight to the Retail and Transportation sectors contributed positively to the Fund’s relative performance, while an overweight allocation to the Energy sector and an underweight to the Healthcare sector detracted from performance. Security selection detracted from relative returns largely due to selection within the Consumer Cyclical Services, Technology, and Cable and Satellite sectors, which was partially offset by stronger selection within the Energy, Gaming, and Wireless sectors. In aggregate, quality positioning had a positive impact on relative performance as the Fund’s overweight to B-rated securities contributed positively during a time when higher quality securities outperformed.

The Fund used derivatives on a limited basis during the period for risk management purposes. Over the twelve-month period, the Fund employed currency forwards to minimize active currency risk from investments in non-dollar denominated securities. Although we view currency forwards in conjunction with the securities intended to be hedged, on a standalone basis, the currency forwards slightly detracted from the Fund’s relative performance over the period. The Fund also had a small position in total return swaps (Markit Iboxx USD Liquid High Yield Index). The Fund’s position was used for liquidity purposes and for tactically adjusting the risk posture of the Fund. This position slightly detracted from performance relative to the S&P/LSTA Leveraged Loan Index over the period.

What is the outlook as of the end of the period?

As of the end of the period, we remain positive on the outlook for bank loans. While we anticipate continued market volatility through the fourth quarter of 2020 due to the coronavirus pandemic and the upcoming U.S. election, we are seeing bank loans at attractive valuations, and we believe issuers have stronger company fundamentals, both of which help support this view. Finally, we believe the asset class has many long-term potential benefits, including portfolio diversification, strong down-market performance (only two negative return years in history), and floating-rate coupons (we believe these should eventually reassert themselves to enhance the relative appeal of bank loans for investors).

At the end of the period, the Fund maintained an allocation to high-yield credit outside of the S&P/LSTA Leveraged Loan Index. Within quality positioning, the Fund was underweight BB-rated and CCC and below-rated securities and overweight B-rated securities. In terms of sector positioning, the Fund ended the period with the largest overweights to

 

 

 

  7  

 


The Hartford Floating Rate Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

the Energy, Food and Beverage, and Media and Entertainment sectors, and the largest underweights to the Chemicals, Utilities, and Diversified Manufacturing sectors relative to the S&P/LSTA Leveraged Loan Index.

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. Loans can be difficult to value and less liquid than other types of debt instruments; they are also subject to nonpayment, collateral, bankruptcy, default, extension, prepayment and insolvency risks. Fixed income security risks include credit, liquidity, call, duration, event and interest-rate risk. As interest rates rise, bond prices generally fall. Investments in high-yield (“junk”) bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities. Derivatives are generally more volatile and sensitive to changes in market or economic conditions than other securities; their risks include currency, leverage, liquidity, index, pricing, and counterparty risk. Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments.

The Fund should not be considered an alternative to certificates of deposit (CDs) or money market funds. This Fund is intended for investors who are looking to complement their traditional fixed-income investments.

Composition by Security Type(1)

as of 10/31/2020

 

Category    Percentage of
Net Assets
 

Equity Securities

  

Common Stocks

     0.6

Exchange-Traded Funds

     0.6  

Warrants

     0.0
  

 

 

 

Total

     1.2
  

 

 

 

Fixed Income Securities

  

Convertible Bonds

     0.1

Corporate Bonds

     8.7  

Senior Floating Rate Interests

     86.5  
  

 

 

 

Total

     95.3
  

 

 

 

Short-Term Investments

     10.4  

Other Assets & Liabilities

     (6.9
  

 

 

 

Total

     100.0
  

 

 

 

 

*

Percentage rounds to zero.

 

(1) 

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

 

 

  8  

 


The Hartford Floating Rate High Income Fund

Fund Overview

October 31, 2020 (Unaudited)

 

 

 

Inception 09/30/2011

Sub-advised by Wellington Management Company LLP

  Investment objective – The Fund seeks to provide high current income, and long-term total return.

 

LOGO

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.

 

Average Annual Total Returns

for the Periods Ending 10/31/2020

 

      1 Year      5 Years      Since
Inception1
 

Class A2

     -0.46%        3.90%        4.28%  

Class A3

     -3.44%        3.27%        3.93%  

Class C2

     -1.17%        3.11%        3.51%  

Class C4

     -2.12%        3.11%        3.51%  

Class I2

     -0.54%        4.09%        4.51%  

Class R32

     -0.75%        3.61%        3.97%  

Class R42

     -0.36%        3.91%        4.27%  

Class R52

     -0.08%        4.44%        4.69%  

Class Y2

     -0.10%        4.24%        4.58%  

Class F2

     -0.17%        4.19%        4.56%  

S&P/LSTA Leveraged Loan Index

     1.72%        4.09%        4.51%  

 

1 

Inception: 09/30/2011

2 

Without sales charge

3 

Reflects maximum sales charge of 3.00%

4 

Reflects a contingent deferred sales charge of 1.00%

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Class F shares commenced operations on 02/28/2017. Performance prior to that date is that of the Fund’s Class I shares.

To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.

Performance information includes performance under the Fund’s previous sub-adviser, Hartford Investment Management Company. As of 04/23/2012, Wellington Management Company LLP became the sub-adviser for the Fund. At the end of a transition period of approximately four weeks ending on 05/18/2012, Hartford Investment Management Company no longer served as a sub-adviser to the Fund.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

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

 

Operating Expenses*    Gross    Net  

Class A

   1.15%      1.06%  

Class C

   1.89%      1.81%  

Class I

   0.88%      0.81%  

Class R3

   1.51%      1.36%  

Class R4

   1.21%      1.06%  

Class R5

   0.89%      0.76%  

Class Y

   0.90%      0.79%  

Class F

   0.79%      0.76%  

 

*

Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual expense reimbursement arrangements. Net expenses reflect such arrangements in instances when they reduce gross expenses. These arrangements remain in effect until 02/28/2021 unless the Fund’s Board of Directors approves an earlier termination. Expenses shown include acquired fund fees and expenses. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020.

 

 

 

  9  

 


The Hartford Floating Rate High Income Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

Portfolio Managers

David B. Marshak

Managing Director and Fixed Income Portfolio Manager

Wellington Management Company LLP

Jeffrey W. Heuer, CFA

Managing Director and Fixed Income Portfolio Manager

Wellington Management Company LLP

 

 

 

Manager Discussion

How did the Fund perform during the period?

The Class A shares of The Hartford Floating Rate High Income Fund returned -0.46%, before sales charges, for the twelve-month period ended October 31, 2020, underperforming the Fund’s benchmark, the S&P/LSTA Leveraged Loan Index, which returned 1.72% for the same period. For the same period, the Class A shares of the Fund, before sales charges, underperformed the -0.21% average return of the Lipper Loan Participation Funds peer group, a group of funds that invest primarily in interests in collateralized senior corporate loans that have floating or variable rates.

Why did the Fund perform this way?

Over the period, global fixed income markets were primarily influenced by the global growth slowdown driven by the coronavirus pandemic and subsequently the unprecedented speed and magnitude of stimulus measures enacted by global governments and central banks. Global sovereign debt yields significantly declined as major central banks aggressively eased policies in response to the pandemic. Geopolitical uncertainty remained elevated over the period due to the following: widespread protests in both Hong Kong and the United States (U.S.), U.S.-China trade tensions, uncertainty stemming from the U.K.’s exit from the European Union (EU) (also known as Brexit), and U.S. political elections. Credit spreads widened significantly following global lockdown measures in response to the coronavirus but recovered as economies reopened.

U.S. monetary policies were extremely accommodative during the period. The Federal Reserve (Fed) cut rates to the zero lower bound, committed to buying an unlimited amount of U.S. Treasury and agency mortgage-backed securities, and increased the size and scope of its asset purchase program to include corporate bonds, agency commercial mortgage-backed securities, and commercial paper, while also lending support to the municipal funding market. Later, the Fed amplified its policy response and unveiled a new inflation policy framework. At the end of the period, U.S. economic data was largely positive. Annualized gross domestic product (GDP) rebounded in the third quarter of 2020, and personal income and spending were boosted by a stronger labor market and pandemic aid. However, a surge in coronavirus cases sparked concerns and dragged down consumer sentiment.

On an excess return basis (returns over U.S. Treasuries), credit risk sectors were mixed during the twelve-month period. Investment-grade corporate bonds had negative returns, but recouped some of their earlier underperformance. High-yield bonds followed a similar path, generating negative excess returns. Securitized sectors were mixed. Agency mortgage-backed securities (MBS) and asset backed securities (ABS)

generated positive excess returns, while commercial mortgage-backed securities (CMBS) generated negative excess returns.

Over the period, sector allocation contributed positively to performance relative to the S&P/LSTA Leveraged Loan Index, while security selection detracted from performance. Within sector allocation, an overweight allocation to the Wireless sector and an underweight to the Retail and Transportation sectors contributed positively to relative performance, while overweight allocations to the Energy and Consumer Products sectors and an underweight to the Technology sector detracted from performance. Security selection detracted from relative returns largely due to selection within the Technology, Consumer Cyclical Services, and Cable and Satellite sectors, which was partially offset by stronger selection within the Gaming, Wireless, and Energy sectors. In aggregate, quality positioning had a positive impact on relative performance as the Fund’s overweight to B-rated securities contributed positively during a time when higher quality securities outperformed.

The Fund used derivatives on a limited basis during the period for risk management purposes. Over the twelve-month period, the Fund employed currency forwards to minimize active currency risk from investments in non-dollar denominated securities. Although we view currency forwards in conjunction with the securities intended to be hedged, on a standalone basis the currency forwards slightly detracted from benchmark relative performance over the period. The Fund also had a small position in total return swaps (Markit Iboxx USD Liquid High Yield Index). The Fund’s position was used for liquidity purposes and for tactically adjusting the risk posture of the Fund. This position slightly detracted from performance relative to the S&P/LSTA Leveraged Loan Index over the period.

What is the outlook as of the end of the period?

As of the end of the period, we remain positive on the outlook for bank loans. While we anticipate continued market volatility through the fourth quarter of 2020 due to the coronavirus pandemic and the upcoming U.S. election, we are seeing bank loans at attractive valuations, and we believe issuers have stronger company fundamentals, both of which help support this view. Finally, we believe the asset class has many long-term potential benefits, including portfolio diversification, strong down-market performance (only two negative return years in history), and floating-rate coupons (we believe these should eventually reassert themselves to enhance the relative appeal of bank loans for investors).

At the end of the period, the Fund maintained an allocation to high yield credit outside of the S&P/LSTA Leveraged Loan Index. Within quality positioning, the Fund was underweight BB-rated and CCC and below-rated securities and overweight B-rated securities. In terms of sector positioning, the Fund ended the period with the largest overweights to

 

 

 

  10  

 


The Hartford Floating Rate High Income Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

the Wireless, Energy, and Gaming sectors and the largest underweights to the Chemicals, Technology, and Utilities sectors relative to the S&P/LSTA Leveraged Loan Index.

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. Loans can be difficult to value and less liquid than other types of debt instruments; they are also subject to nonpayment, collateral, bankruptcy, default, extension, prepayment and insolvency risks. Fixed income security risks include credit, liquidity, call, duration, event and interest-rate risk. As interest rates rise, bond prices generally fall. Investments in high-yield (“junk”) bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities. Derivatives are generally more volatile and sensitive to changes in market or economic conditions than other securities; their risks include currency, leverage, liquidity, index, pricing, and counterparty risk. Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. Restricted securities may be more difficult to sell and price than other securities.

The Fund should not be considered an alternative to CDs or money market funds. This Fund is intended for investors who are looking to complement their traditional fixed-income investments.

Composition by Security Type(1)

as of 10/31/2020

 

Category    Percentage of
Net Assets
 

Equity Securities

  

Common Stocks

     0.4

Exchange-Traded Funds

     3.1  

Warrants

     0.0
  

 

 

 

Total

     3.5
  

 

 

 

Fixed Income Securities

  

Convertible Bonds

     0.2

Corporate Bonds

     11.6  

Senior Floating Rate Interests

     82.1  
  

 

 

 

Total

     93.9
  

 

 

 

Short-Term Investments

     7.1  

Other Assets & Liabilities

     (4.5
  

 

 

 

Total

     100.0
  

 

 

 

 

*

Percentage rounds to zero.

 

(1) 

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

 

 

  11  

 


The Hartford High Yield Fund

Fund Overview

October 31, 2020 (Unaudited)

 

 

 

Inception 09/30/1998

Sub-advised by Wellington Management Company LLP

  Investment objective – The Fund seeks to provide high current income, and long-term total return.

 

LOGO

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.

 

Average Annual Total Returns

for the Periods Ending 10/31/2020

 

      1 Year      5 Years      10 Years  

Class A1

     3.31%        5.38%        5.25%  

Class A2

     -1.34%        4.41%        4.77%  

Class C1

     2.68%        4.58%        4.48%  

Class C3

     1.70%        4.58%        4.48%  

Class I1

     3.74%        5.68%        5.56%  

Class R31

     3.14%        5.08%        4.96%  

Class R41

     3.45%        5.40%        5.28%  

Class R51

     3.95%        5.74%        5.59%  

Class Y1

     3.35%        5.60%        5.55%  

Class F1

     3.78%        5.73%        5.58%  

Bloomberg Barclays U.S. Corporate High Yield Bond Index

     3.49%        6.32%        6.25%  

 

1 

Without sales charge

2 

Reflects maximum sales charge of 4.50%

3 

Reflects a contingent deferred sales charge of 1.00%

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Class F shares commenced operations on 02/28/2017. Performance prior to that date is that of the Fund’s Class I shares.

To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.

Performance information includes performance under the Fund’s previous sub-adviser, Hartford Investment Management Company. As of 03/05/2012, Hartford Investment Management Company no longer served as the sub-adviser to the Fund.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

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

 

Operating Expenses*    Gross      Net  

Class A

     1.03%        0.96%  

Class C

     1.74%        1.74%  

Class I

     0.71%        0.70%  

Class R3

     1.28%        1.28%  

Class R4

     1.01%        0.98%  

Class R5

     0.71%        0.68%  

Class Y

     0.66%        0.66%  

Class F

     0.60%        0.56%  

 

*

Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual expense reimbursement arrangements. Net expenses reflect such arrangements in instances when they reduce gross expenses. These arrangements remain in effect until 02/28/2021 unless the Fund’s Board of Directors approves an earlier termination. Expenses shown include acquired fund fees and expenses. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020.

 

 

 

  12  

 


The Hartford High Yield Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

Portfolio Manager

Christopher A. Jones, CFA

Senior Managing Director and Fixed Income Portfolio Manager

Wellington Management Company LLP

 

 

 

Manager Discussion

How did the Fund perform during the period?

The Class A shares of The Hartford High Yield Fund returned 3.31% before sales charges, for the twelve-month period ended October 31, 2020, underperforming the Fund’s benchmark, the Bloomberg Barclays U.S. Corporate High Yield Bond Index, which returned 3.49% for the same period. For the same period, the Class A shares of the Fund, before sales charges, outperformed the 2.06% average return of the Lipper High Yield Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

Over the period, global fixed income markets were primarily influenced by the global growth slowdown driven by the coronavirus pandemic and subsequently the unprecedented speed and magnitude of stimulus measures enacted by global governments and central banks. Global sovereign debt yields significantly declined as major central banks aggressively eased policies in response to the pandemic. Geopolitical uncertainty remained elevated over the period due to the following: widespread protests in both Hong Kong and the United States (U.S.), U.S.-China trade tensions, uncertainty stemming from the U.K.’s exit from the European Union (EU) (also known as Brexit), and U.S. political elections. Credit spreads widened significantly following global lockdown measures in response to the coronavirus but recovered as economies reopened.

Global monetary policies were extremely accommodative during the period. The Federal Reserve (Fed) cut rates to the zero lower bound, committed to buying an unlimited amount of U.S. Treasury and agency mortgage-backed securities (MBS), and increased the size and scope of its asset purchase program to include corporate bonds, agency commercial mortgage-backed securities (CMBS), and commercial paper, while also lending support to the municipal funding market. Later, the Fed amplified its policy response and unveiled a new inflation policy framework. The European Central Bank (ECB) launched its own massive asset purchase program in response to the pandemic, which included non-financial corporate paper for the first time, while also easing collateral rules. Many other developed market central banks cut policy rates significantly while several emerging market central banks embarked on quantitative easing for the first time during the period.

At the end of the period, U.S. economic data was largely positive. Third quarter 2020 gross domestic product (GDP) rebounded, and personal income and spending were boosted by a stronger labor market and pandemic aid. However, a surge in coronavirus cases sparked concerns and dragged down consumer sentiment. The Eurozone’s GDP expanded in the third quarter of 2020 as restrictions relaxed. The manufacturing Purchasing Managers’ Index (PMI) improved, while the services PMI declined further into contractionary territory. Chinese annualized GDP advanced in the third quarter of 2020. Manufacturing and services

continued to recover, helped by resilient exports, robust demand, and strong hiring. Japan’s industrial production grew amid recovering factory output and rising external demand. Japan’s trade balance expanded to a surplus as exports surged. Australia’s annual inflation ticked up; however, high unemployment and poor demand have kept a lid on inflation.

Absolute returns in global sovereign debt were generally positive during the twelve-month period due to accommodative central banks and a preference for the perceived safety of government bonds. The U.S. yield curve steepened as the Fed kept policy rates anchored but expressed tolerance for a temporary inflation overshoot. Yield curves generally steepened in other developed economies where policy makers had room to cut rates before the pandemic. On an excess return basis (returns over U.S. Treasuries), credit risk sectors were mixed during the twelve-month period. Investment-grade corporate bonds had negative returns, but recouped some of their earlier underperformance. High-yield bonds followed a similar path, generating negative excess returns. Securitized sectors were mixed. Agency MBS and asset backed securities (ABS) generated positive excess returns, while CMBS generated negative excess returns.

The Bloomberg Barclays U.S. Corporate High Yield Bond Index returned 3.49% for the twelve-month period ended October 31, 2020 and underperformed duration equivalent U.S. Treasuries by -1.07%. The option-adjusted spread (OAS) of the Bloomberg Barclays U.S. Corporate High Yield Bond Index was 5.09% on October 31, 2020, wider than the OAS of 3.92% twelve months ago. Spreads widened significantly at the peak of the pandemic, but then recovered later in the period along with improving economic data, boosted by stimulus measures.

Quality positioning detracted from performance relative to the Bloomberg Barclays U.S. Corporate High Yield Bond Index during the period, primarily due to an underweight to BB-rated securities during a time when higher quality securities outperformed.

During the period, security selection contributed positively to returns, driven primarily by selection within the Pharmaceuticals and Media and Entertainment sectors. This was partially offset by weaker selection in the Technology and Metals and Mining sectors, which detracted from performance during the period.

Overall, sector allocation decisions contributed positively to returns relative to the Bloomberg Barclays U.S. Corporate High Yield Bond Index during the period, primarily driven by the Fund’s underweight allocation to the Transportation and Leisure sectors. This was partially offset by an overweight to the Energy and Cable and Satellite sectors, which detracted from relative returns.

Over the period, the Fund had a small position in the High Yield Credit Default Swap Index (CDX), a type of derivative. The Fund’s CDX position was used for liquidity purposes and for tactically adjusting the risk posture of the Fund. This position had a negative impact on performance.

 

 

 

  13  

 


The Hartford High Yield Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

We also used derivatives in the Fund on a limited basis during the period for risk management purposes. Over the trailing twelve months, we used currency forwards to seek to hedge foreign currency exposure from investments in non-dollar denominated securities back to U.S. dollars. Although we typically view currency forwards in conjunction with the securities intended to be hedged, on a standalone basis, the currency forwards detracted slightly from performance relative to the Bloomberg Barclays U.S. Corporate High Yield Bond Index over the period.

What is the outlook as of the end of the period?

As of the end of the period, fundamentals remain challenged but are beginning to improve for many issuers in our view. Defaults have increased as a result of the global recession stemming from the coronavirus pandemic, though we observe signs that the worst of the defaults may be behind us. Many of these defaults have occurred in the commodity-sensitive sectors (Energy, Metals and Mining) as well as the Retail sector.

The Fund ended the period with the largest overweights to the Technology and Cable and Satellite sectors, and the largest underweights to the Chemicals and Utilities sectors. With regard to quality positioning, the Fund was overweight B-rated and underweight BB-rated securities, relative to the Bloomberg Barclays U.S. Corporate High Yield Bond Index.

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. Fixed income security risks include credit, liquidity, call, duration, event and interest-rate risk. As interest rates rise, bond prices generally fall. Investments in high-yield (“junk”) bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities. Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. These risks may be greater for investments in emerging markets. Derivatives are generally more volatile and sensitive to changes in market or economic conditions than other securities; their risks include currency, leverage, liquidity, index, pricing, and counterparty risk. Restricted securities may be more difficult to sell and price than other securities.

Composition by Security Type(1)

as of 10/31/2020

 

Category    Percentage of
Net Assets
 

Equity Securities

 

Common Stocks

     0.3

Escrows

     0.7  
  

 

 

 

Total

     1.0
  

 

 

 

Fixed Income Securities

 

Convertible Bonds

     3.3

Corporate Bonds

     90.0  

Senior Floating Rate Interests

     0.8  
  

 

 

 

Total

     94.1
  

 

 

 

Short-Term Investments

     2.5  

Other Assets & Liabilities

     2.4  
  

 

 

 

Total

     100.0
  

 

 

 

 

(1) 

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

 

 

  14  

 


The Hartford Inflation Plus Fund

Fund Overview

October 31, 2020 (Unaudited)

 

 

 

Inception 10/31/2002

Sub-advised by Wellington Management Company LLP

  Investment objective – The Fund seeks a total return that exceeds the rate of inflation over an economic cycle.

 

LOGO

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.

 

Average Annual Total Returns

for the Periods Ending 10/31/2020

 

      1 Year      5 Years      10 Years  

Class A1

     7.23%        3.28%        2.15%  

Class A2

     2.41%        2.33%        1.68%  

Class C1

     6.45%        2.52%        1.39%  

Class C3

     5.45%        2.52%        1.39%  

Class I1

     7.64%        3.59%        2.43%  

Class R31

     6.89%        2.94%        1.81%  

Class R41

     7.24%        3.25%        2.11%  

Class R51

     7.46%        3.54%        2.41%  

Class Y1

     7.64%        3.62%        2.49%  

Class F1

     7.61%        3.60%        2.43%  

Bloomberg Barclays U.S. TIPS 1-10 Year Index

     7.01%        3.57%        2.51%  

Bloomberg Barclays U.S. TIPS Index

     9.09%        4.42%        3.24%  

 

1 

Without sales charge

2 

Reflects maximum sales charge of 4.50%

3 

Reflects a contingent deferred sales charge of 1.00%

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Class F shares commenced operations on 02/28/2017. Performance prior to that date is that of the Fund’s Class I shares.

To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.

Performance information includes performance under the Fund’s previous sub-adviser, Hartford Investment Management Company. As of 03/05/2012, Hartford Investment Management Company no longer served as the sub-adviser to the Fund.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

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

 

Operating Expenses*    Gross      Net  

Class A

     0.88%        0.85%  

Class C

     1.59%        1.59%  

Class I

     0.55%        0.55%  

Class R3

     1.17%        1.17%  

Class R4

     0.87%        0.87%  

Class R5

     0.57%        0.57%  

Class Y

     0.56%        0.56%  

Class F

     0.45%        0.45%  

 

*

Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual expense reimbursement arrangements. Net expenses reflect such arrangements only with respect to Class A. These arrangements remain in effect until 02/28/2021 unless the Fund’s Board of Directors approves an earlier termination. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020.

 

 

 

  15  

 


The Hartford Inflation Plus Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

Portfolio Managers

Joseph F. Marvan, CFA

Senior Managing Director and Fixed Income Portfolio Manager

Wellington Management Company LLP

Allan M. Levin, CFA, FRM, FSA

Managing Director and Fixed Income Portfolio Manager

Wellington Management Company LLP

 

 

 

Manager Discussion

How did the Fund perform during the period?

The Class A shares of The Hartford Inflation Plus Fund returned 7.23%, before sales charges, for the twelve-month period ended October 31, 2020, outperforming one of the Fund’s benchmarks, the Bloomberg Barclays U.S. TIPS 1-10 Year Index, which returned 7.01% for the same period, while underperforming the Fund’s other benchmark, the Bloomberg Barclays U.S. TIPS Index, which returned 9.09% for the period. For the same period, the Class A shares of the Fund, before sales charges, underperformed the 7.94% average return of the Lipper Inflation Protection Funds peer group, a group of funds that invests primarily in inflation-indexed fixed income securities.

Why did the Fund perform this way?

Over the period, global fixed income markets were primarily influenced by the global growth slowdown driven by the coronavirus pandemic and subsequently the unprecedented speed and magnitude of stimulus measures enacted by global governments and central banks. Global sovereign debt yields significantly declined as major central banks aggressively eased policies in response to the pandemic. Geopolitical uncertainty remained elevated over the period due to the following: widespread protests in both Hong Kong and the United States (U.S.), U.S.-China trade tensions, uncertainty stemming from the U.K.’s exit from the European Union(EU) (also known as Brexit), and U.S. political elections. Credit spreads widened significantly following global lockdown measures in response to the coronavirus but recovered as economies reopened.

Global monetary policies were extremely accommodative during the period. The Federal Reserve (Fed) cut rates to the zero lower bound, committed to buying an unlimited amount of U.S. Treasury and agency mortgage-backed securities (MBS), and increased the size and scope of its asset purchase program to include corporate bonds, agency commercial mortgage-backed securities (CMBS), and commercial paper, while also lending support to the municipal funding market. Later, the Fed amplified its policy response and unveiled a new inflation policy framework. The European Central Bank (ECB) launched its own massive asset purchase program in response to the pandemic, which included non-financial corporate paper for the first time, while also easing collateral rules. Many other developed market central banks cut policy rates significantly while several emerging market central banks embarked on quantitative easing for the first time during the period.

At the end of the period, U.S. economic data was largely positive. Third quarter 2020 gross domestic product (GDP) rebounded, and personal income and spending were boosted by a stronger labor market and pandemic aid. However, a surge in coronavirus cases sparked concerns

and dragged down consumer sentiment. The Eurozone’s GDP expanded in the third quarter of 2020 as restrictions relaxed. The manufacturing Purchasing Managers’ Index (PMI) improved, while the services PMI declined further into contractionary territory. Chinese annualized GDP advanced in the third quarter of 2020. Manufacturing and services continued to recover, helped by resilient exports, robust demand, and strong hiring. Japan’s industrial production grew amid recovering factory output and rising external demand. Japan’s trade balance expanded to a surplus as exports surged. Australia’s annual inflation ticked up; however, high unemployment and poor demand have kept a lid on inflation.

Over the period, U.S. dollar performance was mixed. European domiciled currencies including the euro (EUR), Swiss Franc (CHF), and Swedish Krona (SEK) performed strongly in response to the EU Recovery Fund. Perceived safe havens such as the Japanese yen (JPY) benefited in response to the impending collapse in global economic activity driven by the coronavirus pandemic. Despite mixed returns against global currencies, the U.S. dollar surged early in 2020 as global investors shifted into U.S. dollars. The Australian dollar (AUD) rallied due to the country’s more aggressive handling of the pandemic relative to other major economies. Currencies of energy-heavy economies such as the Canadian dollar (CAD) and Norwegian Krone (NOK) faltered, particularly following the collapse of the Organization of the Petroleum Exporting Countries (OPEC)+ talks early in 2020.

Absolute returns in global sovereign debt were generally positive during the twelve-month period due to accommodative central banks and a preference for the perceived safety of government bonds. The U.S. yield curve steepened as the Fed kept policy rates anchored but expressed tolerance for a temporary inflation overshoot. Yield curves generally steepened in other developed economies where policy makers had room to cut rates before the pandemic. On an excess return basis (returns over U.S. Treasuries), credit risk sectors were mixed. Investment-grade corporate bonds had negative returns, but recouped some of their earlier underperformance. High-yield bonds followed a similar path, generating negative excess returns. Securitized sectors were mixed. Agency mortgage-backed securities (MBS) and asset backed securities (ABS) generated positive excess returns, while commercial mortgage-backed securities (CMBS) generated negative excess returns.

Real and nominal U.S. Treasury yields fell over the period across the yield curve. Unprecedented action by central banks to support economies in the wake of the coronavirus pandemic compressed nominal Treasury yields, while better-than-expected economic data towards the end of the period and optimism about re-opening the economy raised U.S. inflation expectations and contributed positively to the outperformance of Treasury Inflation-Protected Securities (TIPS)

 

 

 

  16  

 


The Hartford Inflation Plus Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

relative to nominals. Over the twelve months ending October 31, 2020, 5- and 10-year TIPS “real” yields fell 1.28% and 0.98%, respectively, and 5- and 10-year inflation breakevens (a market-based measure of expected inflation) rose by 0.14% and 0.16%, respectively.

The Fund’s allocation across various credit sectors, such as bank loans, corporate credit, and agency residential mortgage-backed securities (RMBS) had a positive impact on performance relative to the Bloomberg Barclays U.S. TIPS 1-10 Year Index during the period. We invested the Fund’s assets in these “plus” sectors because of our expectation that these particular sectors will be correlated to inflation over time. We used consumer price index (CPI) swaps in the Fund to overlay these sectors so that the overall Fund “beta” to inflation is not diminished. The Fund’s positioning within U.S. TIPS and non-U.S. bonds was also additive to relative performance. Conversely, the Fund’s tactical duration positions and allocation to non-agency MBS detracted from relative performance.

Over the period, we made use of derivatives in the Fund in pursuit of both risk management and total returns. Derivatives usage included U.S. Treasury futures to manage duration, credit default swaps to manage sector exposure, currency forwards to hedge currency risk, and CPI swaps and bond forwards to add inflation sensitivity. Over the period, the impact of these derivatives on relative performance was positive overall.

What is the outlook as of the end of the period?

While there could be medium-term inflation risks arising from the aggressive economic and monetary policy interventions to support the economy this year, we are less concerned about near-term inflationary risks. We believe that unprecedented levels of monetary and fiscal stimulus should likely support increasing inflation expectations over the long term. More cyclical drivers of inflation are likely to be more volatile as uncertainty associated with the duration of the heath crisis and the speed of recovery continues. We believe that most credit sectors remain an important diversifier. Therefore, we continue to see value in being short overall inflation exposure versus the Bloomberg Barclays U.S. TIPS 1-10 Year Index in favor of credit.

The Fund continues to be underweight to shorter-duration TIPS, which are most sensitive to short-term changes in inflation, and are focused on security selection around the 10-year segment of the TIPS curve. The Fund maintained allocations to non-agency RMBS, agency MBS, and senior CMBS with attractive collateral in our view. The Fund also held an allocation to investment-grade credit, high yield, and bank loans.

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. The Fund may allocate a portion of its assets to specialist portfolio managers, which may not work as intended. Fixed income security risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall.The value of inflation-protected securities (IPS) generally fluctuates with changes in real interest rates, and the market for IPS may be less developed or liquid, and more volatile, than other securities markets. Obligations of U.S. Government agencies are supported by varying degrees of credit but are generally not backed by the full faith and credit of the U.S. Government. Derivatives are generally more volatile and sensitive to changes in market or economic conditions than other securities; their risks include currency, leverage,

liquidity, index, pricing, and counterparty risk. Mortgage-related and asset-backed securities’ risks include credit, interest-rate, prepayment, and extension risk. Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments.

Composition by Security Type(1)

as of 10/31/2020

 

Category    Percentage of
Net Assets
 

Fixed Income Securities

 

Asset & Commercial Mortgage-Backed Securities

     3.6

Corporate Bonds

     1.8  

Foreign Government Obligations

     6.8  

Senior Floating Rate Interests

     7.3  

U.S. Government Agencies(2)

     4.4  

U.S. Government Securities

     74.7  
  

 

 

 

Total

     98.6
  

 

 

 

Short-Term Investments

     3.0  

Purchased Options

     0.0

Other Assets & Liabilities

     (1.6
  

 

 

 

Total

     100.0
  

 

 

 

 

*

Percentage rounds to zero.

 

(1) 

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

(2) 

All or a portion of the securities categorized as U.S. Government Agencies were agency mortgage backed securities as of October 31, 2020.

 

 

 

  17  

 


Hartford Municipal Income Fund

Fund Overview

October 31, 2020 (Unaudited)

 

 

 

Inception 05/29/2015

Sub-advised by Wellington Management Company LLP

  Investment objective – The Fund seeks to provide a high level of current income that is generally exempt from federal income taxes, and long-term total return.

 

LOGO

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.

 

Average Annual Total Returns

for the Periods Ending 10/31/2020

 

      1 Year      5 Years      Since
Inception1
 

Class A2

     3.00%        3.81%        3.82%  

Class A3

     -1.64%        2.86%        2.95%  

Class C2

     2.05%        3.39%        3.38%  

Class C4

     1.05%        3.39%        3.38%  

Class I2

     3.14%        4.04%        4.06%  

Class F2

     3.30%        4.08%        4.09%  

Bloomberg Barclays Municipal Bond Index

     3.59%        3.70%        3.78%  

 

1 

Inception: 05/29/2015

2 

Without sales charge

3 

Reflects maximum sales charge of 4.50%

4 

Reflects a contingent deferred sales charge of 1.00%

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Class F shares commenced operations on 02/28/2017. Performance prior to that date is that of the Fund’s Class I shares.

To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

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

 

Operating Expenses*    Gross      Net  

Class A

     1.00%        0.70%  

Class C

     1.75%        1.45%  

Class I

     0.75%        0.47%  

Class F

     0.70%        0.40%  

 

*

Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual expense reimbursement arrangements. Net expenses reflect such arrangements in instances when they reduce gross expenses. These arrangements remain in effect until 02/28/2021 unless the Fund’s Board of Directors approves an earlier termination. Expenses shown include acquired fund fees and expenses. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020.

 

 

 

  18  

 


Hartford Municipal Income Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

Portfolio Managers

Brad W. Libby

Managing Director and Fixed Income Portfolio Manager / Credit Analyst

Wellington Management Company LLP

Timothy D. Haney, CFA

Senior Managing Director and Fixed Income Portfolio Manager

Wellington Management Company LLP

 

 

 

Manager Discussion

How did the Fund perform during the period?

The Class A shares of the Hartford Municipal Income Fund returned 3.00%, before sales charges, for the twelve-month period ended October 31, 2020, underperforming the Fund’s benchmark, the Bloomberg Barclays Municipal Bond Index, which returned 3.59% for the same period. For the same period, the Class A shares of the Fund, before sales charges, outperformed the 2.72% average return of the Lipper General & Insured Municipal Debt Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

Over the period, global fixed income markets were primarily influenced by the economic fallout from the coronavirus pandemic and subsequently the unprecedented magnitude of stimulus measures enacted by global governments and central banks. Global sovereign debt yields significantly declined as major central banks aggressively eased policies in response to the pandemic. Geopolitical uncertainty remained elevated over the period due to the following: widespread protests in both Hong Kong and the United States (U.S.), U.S.-China trade tensions, uncertainty stemming from the U.K.’s exit from the European Union (EU) (also known as Brexit), and U.S. political elections. Credit spreads widened significantly following global lockdown measures in response to the coronavirus but recovered as economies reopened.

The Federal Reserve (Fed) cut rates to the zero lower bound, committed to buying an unlimited amount of U.S. Treasury and agency mortgage-backed securities, and increased the size and scope of its asset purchase program to include corporate bonds, agency commercial mortgage-backed securities, and commercial paper, while also lending support to the municipal funding market. At the end of the period, U.S. economic data was largely positive. Third quarter 2020 gross domestic product (GDP) rebounded, as personal income and spending were boosted by an improving labor market and pandemic aid. However, a resurgence in coronavirus cases sparked concerns and weighed on consumer sentiment.

On an excess return basis (returns over U.S. Treasuries), credit risk sectors were mixed. Investment-grade corporate bonds had negative returns but recouped some of their earlier underperformance. High-yield bonds followed a similar path, generating negative excess returns.

Tax-exempt municipal bonds, as represented by the Bank of America Merrill Lynch U.S. Municipal Securities Index, posted a positive total return of 3.50% during the period. This index underperformed duration-equivalent Treasuries by 2.11%. The yield on 10-year AAA rated general obligation municipal bonds (GOs) decreased during the twelve-month

period as did the yield on 10-year Treasuries. The ratio of yields on 10-year AAA GOs to yields on 10-year Treasuries increased over the period, rising from 88.2% to 105.7%. Over the period, technical factors proved resilient. Demand for municipal funds and individual bonds remained strong, while supply (measured by bond issuance) rebounded swiftly from a standstill in March 2020 to pre-pandemic levels.

During the period, the Fund’s overweight to high-yield revenue bonds detracted from performance relative to the Bloomberg Barclays Municipal Bond Index, particularly within the Healthcare and Special Tax sectors. An allocation to high yield local general obligation bonds that was outside of the Bloomberg Barclays Municipal Bond Index also detracted from relative performance. The Fund’s positioning within investment-grade revenue bonds contributed positively to performance, particularly within the Port, Airport and Marina and Housing sectors. Security selection within investment-grade local general obligation bonds also contributed positively to relative returns. Conversely, an underweight to pre-refunded debt detracted from relative returns. The Fund’s duration and yield curve positioning had a positive impact on performance during the period.

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

What is the outlook as of the end of the period?

We acknowledge that the ongoing coronavirus pandemic will likely create a challenging environment for municipal issuers over at least the next twelve months. However, we believe we are continuing to find attractively valued municipal bonds. We believe that not all issuers and sectors will feel the effects evenly, which creates an opportunity for security selection in our view. We remain positive on high yield with a focus on security selection, focusing on the issuers we believe have strong enough balance sheets to weather the downturn. At a sector level (within high yield), we prefer Sales Tax and Lease bonds. The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) provided significant aid to hospitals, universities, and airports but left out support for states and localities for lost revenues. The likelihood of additional fiscal aid in 2020 has decreased, but we believe there still remains a possibility that aid will arrive in the first quarter of 2021. Issuers have come back to the market after supply dropped to a standstill in March 2020. We continue to expect robust issuance through 2020 with total supply estimates slightly behind 2019 for tax-exempt bonds and in line with 2019 when combining tax-exempt and taxable bonds. We expect the number of new projects in this environment to be fairly limited as municipalities cut their budgets, so the bulk of bond issuance will likely be tied to refinancing existing debt. Municipal bond mutual fund flows have remained positive, which is supportive of

 

 

 

  19  

 


Hartford Municipal Income Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

municipal bond markets. The balance between tax-exempt supply and fund flows is the primary determinant of tax-exempt spreads, but if the current trends continue (positive demand and light supply in tax-exempts), we would expect spreads to move tighter over time. The Fund ended the period with a duration of 5.80 years.

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. • Fixed income security risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall.  Municipal securities may be adversely impacted by state/local, political, economic, or market conditions. Investors may be subject to the federal Alternative Minimum Tax as well as state and local income taxes. Capital gains, if any, are taxable. Investments in high-yield (“junk”) bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities.

Composition of Municipal Bonds(1)

as of 10/31/2020

 

Municipal Bonds    Percentage of
Net Assets
 

Airport

     11.1

Development

     3.6  

Education

     1.3  

Facilities

     0.3  

General Obligation

     11.9  

Higher Education

     5.6  

Housing

     1.1  

Medical

     5.5  

Mello-Roos District

     0.5  

Multifamily Housing

     0.2  

Nursing Homes

     5.8  

Other(2)

     15.0  

Power

     3.0  

School District

     10.0  

Single Family Housing

     5.7  

Student Loan

     0.4  

Tobacco

     1.9  

Transportation

     9.5  

Utilities

     2.6  

Water

     0.8  

Short-Term Investments

     3.8  

Other Assets & Liabilities

     0.4  
  

 

 

 

Total

     100.0
  

 

 

 

 

(1) 

For Fund compliance purposes, the Fund may not use the same classification system and these classifications are used for financial reporting purposes.

 

(2) 

Other refers to Special Tax District Bonds, Tax Increment Bonds and certain Community Development District bonds.

 

 

 

  20  

 


The Hartford Municipal Opportunities Fund

Fund Overview

October 31, 2020 (Unaudited)

 

 

 

Inception 05/31/2007

Sub-advised by Wellington Management Company LLP

  Investment objective – The Fund seeks to provide current income that is generally exempt from federal income taxes, and long-term total return.

 

LOGO

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.

 

Average Annual Total Returns

for the Periods Ending 10/31/2020

 

      1 Year      5 Years      10 Years  

Class A1

     2.63%        3.40%        3.69%  

Class A2

     -1.99%        2.45%        3.22%  

Class C1

     1.86%        2.62%        2.92%  

Class C3

     0.86%        2.62%        2.92%  

Class I1

     2.99%        3.67%        3.96%  

Class Y1

     2.86%        3.64%        3.94%  

Class F1

     2.95%        3.68%        3.96%  

Bloomberg Barclays Municipal Bond 1-15 Year Blend (1-17) Index

     3.66%        3.22%        3.42%  

 

1 

Without sales charge

2 

Reflects maximum sales charge of 4.50%

3 

Reflects a contingent deferred sales charge of 1.00%

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Class Y shares commenced operations on 05/31/2018. Performance prior to that date is that of the Fund’s Class I shares. Class F shares commenced operations on 02/28/2017. Performance prior to that date is that of the Fund’s Class I shares.

To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.

Performance information includes performance under the Fund’s previous sub-adviser, Hartford Investment Management Company, using a modified investment strategy. As of 03/05/2012, Hartford Investment Management Company no longer served as the sub-adviser to the Fund.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

Performance information may reflect historical expense waivers/reimbursements without which performance would have been lower.

 

Operating Expenses*    Gross      Net  

Class A

     0.70%        0.70%  

Class C

     1.46%        1.46%  

Class I

     0.46%        0.46%  

Class Y

     0.47%        0.47%  

Class F

     0.39%        0.39%  

 

*

Expenses as shown in the Fund’s most recent prospectus. Expenses shown include acquired fund fees and expenses. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020.

 

 

 

  21  

 


The Hartford Municipal Opportunities Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

Portfolio Managers

Brad W. Libby

Managing Director and Fixed Income Portfolio Manager / Credit Analyst

Wellington Management Company LLP

Timothy D. Haney, CFA

Senior Managing Director and Fixed Income Portfolio Manager

Wellington Management Company LLP

 

 

 

Manager Discussion

How did the Fund perform during the period?

The Class A shares of The Hartford Municipal Opportunities Fund returned 2.63%, before sales charges, for the twelve-month period ended October 31, 2020, underperforming the Fund’s benchmark, the Bloomberg Barclays Municipal Bond 1-15 Year Blend (1-17) Index, which returned 3.66% for the same period. For the same period, the Class A shares of the Fund, before sales charges, underperformed the 3.11% average return of the Lipper Intermediate Municipal Debt Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

Over the period, global fixed income markets were primarily influenced by the economic fallout from the coronavirus pandemic and subsequently the unprecedented magnitude of stimulus measures enacted by global governments and central banks. Global sovereign debt yields significantly declined as major central banks aggressively eased policies in response to the pandemic. Geopolitical uncertainty remained elevated over the period due to the following: widespread protests in both Hong Kong and the United States (U.S.), U.S.-China trade tensions, uncertainty stemming from the U.K.’s exit from the European Union (EU) (also known as Brexit), and U.S. political elections. Credit spreads widened significantly following global lockdown measures in response to the coronavirus but recovered as economies reopened.

The Federal Reserve (Fed) cut rates to the zero lower bound, committed to buying an unlimited amount of U.S. Treasury and agency mortgage-backed securities, and increased the size and scope of its asset purchase program to include corporate bonds, agency commercial mortgage-backed securities, and commercial paper, while also lending support to the municipal funding market. At the end of the period, U.S. economic data was largely positive. Third quarter 2020 gross domestic product (GDP) rebounded, as personal income and spending were boosted by an improving labor market and pandemic aid. However, a resurgence in coronavirus cases sparked concerns and weighed on consumer sentiment.

On an excess return basis (returns over U.S. Treasuries), credit risk sectors were mixed. Investment-grade corporate bonds had negative returns but recouped some of their earlier underperformance. High-yield bonds followed a similar path, generating negative excess returns.

Tax-exempt municipal bonds, as represented by the Bank of America Merrill Lynch U.S. Municipal Securities Index, posted a positive total return of 3.50% during the period. This index underperformed duration-equivalent Treasuries by 2.11%. The yield on 10-year AAA rated general

obligation municipal bonds (GOs) decreased during the twelve-month period as did the yield on 10-year Treasuries. The ratio of yields on 10-year AAA GOs to yields on 10-year Treasuries increased over the period, rising from 88.2% to 105.7%. Over the period, technical factors proved resilient. Demand for municipal funds and individual bonds remained strong while supply (measured by bond issuance) rebounded swiftly from a standstill in March 2020 to pre-pandemic levels.

The Fund’s positioning within investment-grade revenue bonds – particularly in the Healthcare sector – was the primary detractor from performance relative to the Bloomberg Barclays Municipal Bond 1-15 Year Blend (1-17) Index during the period. An underweight to and security selection within investment-grade state general obligation bonds detracted from performance but was partially offset by an overweight to investment-grade local general obligation bonds. Additionally, the Fund’s allocation to high-yield local general obligation bonds that was outside of the Bloomberg Barclays Municipal Bond 1-15 Year Blend (1-17) Index had a negative impact on relative performance. However, the Fund’s duration and yield curve positioning had a positive impact on relative performance over the period.

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

What is the outlook as of the end of the period?

We acknowledge that the ongoing coronavirus pandemic will likely create a challenging environment for municipal issuers over at least the next twelve months. However, we are continuing to find attractively valued municipal bonds in our view. We believe that not all issuers and sectors will feel the effects evenly, which creates an opportunity for security selection in our view. We remain positive on high yield with a focus on security selection, focusing on the issuers we believe have strong enough balance sheets to weather the downturn. At a sector level (within high yield), we prefer Sales Tax and Lease bonds. The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) provided significant aid to hospitals, universities, and airports but left out support for states and localities for lost revenues. The likelihood of additional fiscal aid in 2020 has decreased, but we believe there still remains a possibility that aid will arrive in the first quarter of 2021. Issuers have come back to the market after supply dropped to a standstill in March 2020. We continue to expect robust issuance through 2020 with total supply estimates slightly behind 2019 for tax-exempt bonds and in line with 2019 when combining tax-exempt and taxable bonds. We expect the number of new projects in this environment to be fairly limited as municipalities cut their budgets, so the bulk of issuance will likely be tied to refinancing existing debt. Municipal bond mutual fund flows have remained positive, which is supportive of municipal bond

 

 

 

  22  

 


The Hartford Municipal Opportunities Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

markets. The balance between tax-exempt supply and fund flows is the primary determinant of tax-exempt spreads, but if the current trends continue (positive demand and light supply in tax-exempts) we would expect spreads to move tighter over time. The Fund ended the period with a duration of 5.00 years.

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. Fixed income security risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall. Municipal securities may be adversely impacted by state/local, political, economic, or market conditions. Investors may be subject to the federal Alternative Minimum Tax as well as state and local income taxes. Capital gains, if any, are taxable. Investments in high-yield (“junk”) bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities.

Composition of Municipal Bonds(1)

as of 10/31/2020

 

Municipal Bonds    Percentage of
Net Assets
 

Airport

     0.9

Bond Bank

     7.7  

Development

     0.1  

Education

     3.3  

Facilities

     1.2  

General Obligation

     0.4  

Higher Education

     11.7  

Housing

     2.2  

Medical

     0.9  

Mello-Roos District

     7.5  

Multifamily Housing

     0.9  

Nursing Homes

     0.9  

Other (2)

     6.1  

Pollution

     16.4  

Power

     3.6  

School District

     7.4  

Single Family Housing

     5.4  

Student Loan

     0.6  

Tobacco

     3.0  

Transportation

     9.8  

Utilities

     1.3  

Water

     2.6  

Short-Term Investments

     4.9  

Other Assets & Liabilities

     1.2  
  

 

 

 

Total

     100.0
  

 

 

 

 

(1)

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

(2)

Other refers to Special Tax District Bonds, Tax Increment Bonds and certain Community Development District bonds.

 

 

 

  23  

 


Hartford Municipal Short Duration Fund

Fund Overview

October 31, 2020 (Unaudited)

 

 

 

Inception 05/29/2015

Sub-advised by Wellington Management Company LLP

  Investment objective – The Fund seeks to provide current income that is generally exempt from federal income taxes, and long-term total return.

 

LOGO

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.

 

Average Annual Total Returns

for the Periods Ending 10/31/2020

 

      1 Year      5 Years      Since
Inception1
 

Class A2

     1.88%        1.68%        1.72%  

Class A3

     -2.70%        0.75%        0.86%  

Class C2

     1.23%        1.30%        1.29%  

Class C4

     0.23%        1.30%        1.29%  

Class I2

     2.12%        1.92%        1.96%  

Class F2

     2.19%        1.95%        1.98%  

Bloomberg Barclays Municipal Bond Short
1-5 Year Index

     2.76%        1.84%        1.92%  

 

1 

Inception: 05/29/2015

2 

Without sales charge

3 

Reflects maximum sales charge of 4.50%

4 

Reflects a contingent deferred sales charge of 1.00%

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Class F shares commenced operations on 02/28/2017. Performance prior to that date is that of the Fund’s Class I shares.

To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

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

 

Operating Expenses*    Gross      Net  

Class A

     1.10%        0.70%  

Class C

     1.83%        1.45%  

Class I

     0.82%        0.47%  

Class F

     0.80%        0.40%  

 

*

Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual expense reimbursement arrangements. Net expenses reflect such arrangements in instances when they reduce gross expenses. These arrangements remain in effect until 02/28/2021 unless the Fund’s Board of Directors approves an earlier termination. Expenses shown include acquired fund fees and expenses. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020.

 

 

 

  24  

 


Hartford Municipal Short Duration Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

Portfolio Managers

Brad W. Libby

Managing Director and Fixed Income Portfolio Manager / Credit Analyst

Wellington Management Company LLP

Timothy D. Haney, CFA

Senior Managing Director and Fixed Income Portfolio Manager

Wellington Management Company LLP

 

 

 

Manager Discussion

How did the Fund perform during the period?

The Class A shares of the Hartford Municipal Short Duration Fund returned 1.88%, before sales charges, for the twelve-month period ended October 31, 2020, underperforming the Fund’s benchmark, the Bloomberg Barclays Municipal Bond Short 1-5 Year Index, which returned 2.76% for the same period. For the same period, the Class A shares of the Fund, before sales charges, outperformed the 1.69% average return of the Lipper Short Municipal Debt Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

Over the period, global fixed income markets were primarily influenced by the economic fallout from the coronavirus pandemic and subsequently the unprecedented magnitude of stimulus measures enacted by global governments and central banks. Global sovereign debt yields significantly declined as major central banks aggressively eased policies in response to the pandemic. Geopolitical uncertainty remained elevated over the period due to the following: widespread protests in both Hong Kong and the United States (U.S.), U.S.-China trade tensions, uncertainty stemming from the U.K.’s exit from the European Union (EU) (also known as Brexit), and U.S. political elections. Credit spreads widened significantly following global lockdown measures in response to the coronavirus but recovered as economies reopened.

The Federal Reserve (Fed) cut rates to the zero lower bound, committed to buying an unlimited amount of U.S. Treasury and agency mortgage-backed securities, and increased the size and scope of its asset purchase program to include corporate bonds, agency commercial mortgage-backed securities, and commercial paper, while also lending support to the municipal funding market. At the end of the period, U.S. economic data was largely positive. Third quarter 2020 gross domestic product (GDP) rebounded, as personal income and spending were boosted by an improving labor market and pandemic aid. However, a resurgence in coronavirus cases sparked concerns and weighed on consumer sentiment.

On an excess return basis (returns over U.S. Treasuries), credit risk sectors were mixed. Investment-grade corporate bonds had negative returns but recouped some of their earlier underperformance. High-yield bonds followed a similar path, generating negative excess returns.

Tax-exempt municipal bonds, as represented by the Bank of America Merrill Lynch U.S. Municipal Securities Index, posted a positive total return of 3.50% during the period. This index underperformed duration-equivalent Treasuries by 2.11%. The yield on 10-year AAA rated general obligation municipal bonds (GOs) decreased during the twelve-month

period as did the yield on 10-year Treasuries. The ratio of yields on 10-year AAA GOs to yields on 10-year Treasuries increased over the period, rising from 88.2% to 105.7%. Over the period, technical factors proved resilient. Demand for municipal funds and individual bonds remained strong while supply (measured by bond issuance) rebounded swiftly from a standstill in March 2020 to pre-pandemic levels.

The Fund’s positioning within investment-grade bonds and an allocation to high-yield revenue bonds that was outside of the Bloomberg Barclays Municipal Bond Short 1-5 Year Index were the key drivers of underperformance relative to the Bloomberg Barclays Municipal Bond Short 1-5 Year Index during the period. Within investment grade bonds, the Transportation and Healthcare sectors were the primary detractors, and within high yield bonds, the Healthcare sector was the primary detractor from performance. The Fund’s underweight to investment-grade pre-refunded debt contributed positively to relative returns. Additionally, the Fund’s duration and yield curve positioning had a positive impact on performance relative to the Bloomberg Barclays Municipal Bond Short 1-5 Year Index during the period.

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

What is the outlook as of the end of the period?

We acknowledge that the ongoing coronavirus pandemic will likely create a challenging environment for municipal issuers over at least the next twelve months. However, we are continuing to find attractively valued municipal bonds in our view. We believe that not all issuers and sectors will feel the effects evenly, which creates an opportunity for security selection in our view. We remain positive on high yield with a focus on security selection, focusing on the issuers we believe have strong enough balance sheets to weather the downturn. At a sector level (within high yield), we prefer Sales Tax and Lease bonds. The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) provided significant aid to hospitals, universities, and airports but left out support for states and localities for lost revenues. The likelihood of additional fiscal aid in 2020 has decreased, but we believe there still remains a possibility that aid will arrive in the first quarter of 2021. Issuers have come back to the market after supply dropped to a standstill in March 2020. We continue to expect robust issuance through 2020 with total supply estimates slightly behind 2019 for tax-exempt bonds and in line with 2019 when combining tax-exempt and taxable bonds. We expect the number of new projects in this environment to be fairly limited as municipalities cut their budgets, so the bulk of issuance will likely be tied to refinancing existing debt. Municipal bond mutual fund flows have remained positive, which is supportive of municipal bond markets. The balance between tax-exempt supply and fund flows is the

 

 

 

  25  

 


Hartford Municipal Short Duration Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

primary determinant of tax-exempt spreads, but if the current trends continue (positive demand and light supply in tax-exempts) we would expect spreads to move tighter over time. The Fund ended the period with a duration of 2.32 years.

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. Fixed income security risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall. Municipal securities may be adversely impacted by state/local, political, economic, or market conditions. Investors may be subject to the federal Alternative Minimum Tax as well as state and local income taxes. Capital gains, if any, are taxable. Investments in high-yield (“junk”) bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities.

Composition of Municipal Bonds(1)

as of 10/31/2020

 

Municipal Bonds    Percentage of
Net Assets
 

Airport

     4.8

Development

     4.9  

Education

     1.4  

General Obligation

     5.9  

Higher Education

     3.7  

Housing

     2.9  

Medical

     7.0  

Mello-Roos District

     1.0  

Nursing Homes

     7.8  

Other(2)

     18.2  

Power

     2.5  

School District

     7.4  

Single Family Housing

     5.1  

Student Loan

     1.6  

Tobacco

     3.1  

Transportation

     8.8  

Utilities

     0.8  

Water

     5.6  

Short-Term Investments

     5.6  

Other Assets & Liabilities

     1.9  
  

 

 

 

Total

     100.0
  

 

 

 

 

(1) 

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

(2) 

Other refers to Special Tax District Bonds, Tax Increment Bonds and certain Community Development District bonds.

 

 

 

  26  

 


The Hartford Short Duration Fund

Fund Overview

October 31, 2020 (Unaudited)

 

 

 

Inception 10/31/2002

Sub-advised by Wellington Management Company LLP

  Investment objective – The Fund seeks to provide current income and long-term total return.

 

LOGO

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.

 

Average Annual Total Returns

for the Periods Ending 10/31/2020

 

      1 Year      5 Years      10 Years  

Class A1

     3.07%        2.65%        2.26%  

Class A2

     1.01%        2.23%        2.05%  

Class C1

     2.31%        1.88%        1.49%  

Class C3

     1.31%        1.88%        1.49%  

Class I1

     3.27%        2.93%        2.54%  

Class R31

     2.71%        2.36%        2.02%  

Class R41

     3.15%        2.66%        2.31%  

Class R51

     3.31%        2.96%        2.57%  

Class R61

     3.40%        2.99%        2.60%  

Class Y1

     3.33%        2.95%        2.59%  

Class F1

     3.52%        3.01%        2.58%  

Bloomberg Barclays 1-3 Year U.S. Government/Credit Index

     3.38%        2.10%        1.54%  

 

1 

Without sales charge

2 

Reflects maximum sales charge of 2.00%

3 

Reflects a contingent deferred sales charge of 1.00%

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Class R6 shares commenced operations on 02/28/2019. Performance prior to that date is that of the Fund’s Class Y shares. Class R3, R4 and R5 shares commenced operations on

09/30/2011. Performance prior to that date is that of the Fund’s Class Y shares. Class F shares commenced operations on 02/28/2017. Performance for Class F shares prior to 02/28/2017 reflects the performance of Class I shares.

To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.

Performance information includes performance under the Fund’s previous sub-adviser, Hartford Investment Management Company, using a modified investment strategy. As of 03/05/2012, Hartford Investment Management Company no longer served as the sub-adviser to the Fund.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

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

 

Operating Expenses*    Gross      Net  

Class A

     0.84%        0.81%  

Class C

     1.56%        1.56%  

Class I

     0.53%        0.53%  

Class R3

     1.17%        1.17%  

Class R4

     0.87%        0.87%  

Class R5

     0.57%        0.57%  

Class R6

     0.45%        0.45%  

Class Y

     0.54%        0.54%  

Class F

     0.45%        0.45%  

 

*

Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual expense reimbursement arrangements. Net expenses reflect such arrangements only with respect to Class A. These arrangements remain in effect until 02/28/2021 unless the Fund’s Board of Directors approves an earlier termination. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020.

 

 

 

  27  

 


The Hartford Short Duration Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

Portfolio Manager

Timothy E. Smith

Senior Managing Director and Fixed Income Portfolio Manager

Wellington Management Company LLP

 

 

 

Manager Discussion

How did the Fund perform during the period?

The Class A shares of The Hartford Short Duration Fund returned 3.07%, before sales charges, for the twelve-month period ended October 31, 2020, underperforming the Fund’s benchmark, the Bloomberg Barclays 1-3 Year U.S. Government/Credit Index, which returned 3.38% for the same period. For the same period, the Class A shares of the Fund, before sales charges, outperformed the 2.90% average return of the Lipper Short Investment Grade Debt Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

Over the period, global fixed income markets were primarily influenced by the global growth slowdown driven by the coronavirus pandemic and subsequently the unprecedented speed and magnitude of stimulus measures enacted by global governments and central banks. Global sovereign debt yields significantly declined as major central banks aggressively eased policies in response to the pandemic. Geopolitical uncertainty remained elevated over the period due to the following: widespread protests in both Hong Kong and the United States (U.S.), U.S.-China trade tensions, uncertainty stemming from the U.K.’s exit from the European Union (EU) (also known as Brexit), and U.S. political elections. Credit spreads widened significantly following global lockdown measures in response to the coronavirus but recovered as economies reopened.

Global monetary policies were extremely accommodative during the period. The Federal Reserve (Fed) cut rates to the zero lower bound, committed to buying an unlimited amount of U.S. Treasury and agency mortgage-backed securities (MBS), and increased the size and scope of its asset purchase program to include corporate bonds, agency commercial mortgage-backed securities (CMBS), and commercial paper, while also lending support to the municipal funding market. Later, the Fed amplified its policy response and unveiled a new inflation policy framework. The European Central Bank (ECB) launched its own massive asset purchase program in response to the pandemic, which included non-financial corporate paper for the first time, while also easing collateral rules. Many other developed market central banks cut policy rates significantly while several emerging market central banks embarked on quantitative easing for the first time during the period.

At the end of the period, U.S. economic data was largely positive. Third quarter 2020 gross domestic product (GDP) rebounded, and personal income and spending were boosted by a stronger labor market and pandemic aid. However, a surge in coronavirus cases sparked concerns and dragged down consumer sentiment. The Eurozone’s GDP expanded in the third quarter of 2020 as restrictions relaxed. The manufacturing Purchasing Managers’ Index (PMI) improved, while the services PMI declined further into contractionary territory. Chinese annualized GDP advanced in the third quarter of 2020. Manufacturing and services

continued to recover, helped by resilient exports, robust demand, and strong hiring. Japan’s industrial production grew amid recovering factory output and rising external demand. Japan’s trade balance expanded to a surplus as exports surged. Australia’s annual inflation ticked up; however, high unemployment and poor demand have kept a lid on inflation.

Absolute returns in global sovereign debt were generally positive during the twelve-month period due to accommodative central banks and a preference for the perceived safety of government bonds. The U.S. yield curve steepened as the Fed kept policy rates anchored but expressed tolerance for a temporary inflation overshoot. Yield curves generally steepened in other developed economies where policy makers had room to cut rates before the pandemic. On an excess return basis (returns over U.S. Treasuries), credit risk sectors were mixed. Investment-grade corporate bonds had negative excess returns, but recouped some of their earlier underperformance. High yield bonds followed a similar path, generating negative excess returns. Securitized sectors were mixed. Agency MBS and asset backed securities (ABS) generated positive excess returns, while CMBS generated negative excess returns.

The Fund’s overweight to investment-grade corporate bonds and allocations to high-yield and bank loans outside of the Bloomberg Barclays 1-3 Year U.S. Government/Credit Index contributed positively to relative performance. Within investment grade, the Fund’s overweight to investment-grade bonds in the Financials and Industrials sectors also contributed positively, while positioning in non-corporate credit marginally detracted from performance. In the securitized sectors, an allocation to CMBS outside of the Bloomberg Barclays 1-3 Year U.S. Government/Credit Index detracted from performance, while the Fund’s allocations to ABS and MBS had a neutral impact on relative returns. The Fund’s short duration positioning at the one-year and two-year portions of the yield curve detracted from relative returns over the period as interest rates declined.

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

What is the outlook as of the end of the period?

As of the end of the period, we have positioned the Fund with a moderate pro-cyclical risk posture, favoring the credit and securitized sectors. Our base case expectation is for a sharp, deep global recession followed by a gradual recovery that will depend on public health and fiscal measures.

Monetary and fiscal responses have surpassed what we saw during the Global Financial Crisis (GFC) in both size and speed, and we expect them to continue to be supportive for the economy and markets. We expect rates to hold steady in the near term, particularly given adjustments to the Fed’s monetary policy framework that allow inflation to rise above 2%. We believe the front end of the yield curve is anchored

 

 

 

  28  

 


The Hartford Short Duration Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

as policy rates are expected to stay near zero for the foreseeable future. The Fund’s duration posture is close to neutral.

As of the end of the period, we maintained a slight pro-cyclical positioning in the corporate bond sector in the Fund. Credit spreads have compressed substantially, but we believe there are still attractive opportunities in select names. We are focusing on higher-quality credits in this environment, as we believe corporate fundamentals are weakening. Within the corporate sector, we continue to favor U.S. banks, as balance sheets are less risky in our view due to improved capital ratios and regulation. We believe valuations for long-term investors still suggest being overweight corporate credit risk. Issuance has moderated but remains at historic levels on an annualized basis.

Mortgage fundamentals have deteriorated with the increase in prepayment risk. Advancements in technology that allow borrowers to refinance despite social distancing constraints are contributing to higher prepayment speeds; these changes are likely to persist over the longer term. The technical picture is much brighter given the Fed’s sizable purchases. The Fed’s commitment to buying unlimited amounts of agency MBS has reduced volatility, which is supportive of agency MBS overall. We expect MBS spreads should stay somewhat range-bound as economic stresses are mitigated by Fed activity. As of the end of the period, we maintained the Fund’s exposure to agency MBS, favoring 15-year pass-throughs and agency collateralized mortgage obligations (CMOs).

We are being selective on ABS given our cautious outlook for consumer fundamentals. The U.S. consumer underwent a dramatic shift from one of the strongest-performing sectors in the global economy to one of the most threatened. Low interest rates and oil prices are beneficial, but rising unemployment is likely to overwhelm these advantages. Additionally, decreased probability of additional fiscal stimulus this calendar increases benefits for the consumer. Within the sector, we remain focused on the traditional higher-quality ABS sectors within the Fund, including auto mergers & acquisitions. As of the end of the period, we also maintained in the Fund an allocation to collateralized loan obligations (CLOs). Our outlook for CMBS is more cautious as commercial real estate fundamentals are under pressure due to the coronavirus pandemic.

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. The Fund may allocate a portion of its assets to specialist portfolio managers, which may not work as intended. Fixed income security risks include credit, liquidity, call, duration, event, and interest-rate risk. As interest rates rise, bond prices generally fall. Loans can be difficult to value and less liquid than other types of debt instruments; they are also subject to nonpayment, collateral, bankruptcy, default, extension, prepayment and insolvency risks. The risks associated with mortgage-related and asset-backed securities as well as collateralized loan obligations (CLOs) include credit, interest-rate, prepayment, liquidity, default and extension risk. Investments in high-yield (“junk”) bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities.  Derivatives are generally more volatile and sensitive to changes in market or economic conditions than other securities; their risks include currency, leverage, liquidity, index, pricing, and counterparty risk.

 Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. Restricted securities may be more difficult to sell and price than other securities. Obligations of U.S. Government agencies are supported by varying degrees of credit but are generally not backed by the full faith and credit of the U.S. Government.

Composition by Security Type(1)

as of 10/31/2020

 

Category    Percentage of
Net Assets
 

Fixed Income Securities

  

Asset & Commercial Mortgage-Backed Securities

     20.5

Corporate Bonds

     53.8  

Foreign Government Obligations

     0.1  

Municipal Bonds

     0.8  

Senior Floating Rate Interests

     15.9  

U.S. Government Agencies(2)

     6.8  

U.S. Government Securities

     1.2  
  

 

 

 

Total

     99.1
  

 

 

 

Short-Term Investments

     1.0  

Other Assets & Liabilities

     (0.1
  

 

 

 

Total

     100.0
  

 

 

 

 

(1)

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

(2) 

All or a portion of the securities categorized as U.S. Government Agencies were agency mortgage backed securities as of October 31, 2020.

 

 

 

  29  

 


The Hartford Strategic Income Fund

Fund Overview

October 31, 2020 (Unaudited)

 

 

 

Inception 05/31/2007

Sub-advised by Wellington Management Company LLP

  Investment objective – The Fund seeks to provide current income and long-term total return.

 

LOGO

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.

 

Average Annual Total Returns

for the Periods Ending 10/31/2020

 

      1 Year      5 Years      10 Years  

Class A1

     8.21%        6.16%        4.99%  

Class A2

     3.34%        5.19%        4.50%  

Class C1

     7.40%        5.37%        4.21%  

Class C3

     6.40%        5.37%        4.21%  

Class I1

     8.41%        6.41%        5.25%  

Class R31

     7.77%        5.84%        4.73%  

Class R41

     8.12%        6.17%        5.02%  

Class R51

     8.46%        6.49%        5.31%  

Class R61

     8.65%        6.57%        5.38%  

Class Y1

     8.36%        6.51%        5.35%  

Class F1

     8.49%        6.49%        5.29%  

Bloomberg Barclays U.S. Aggregate Bond Index

     6.19%        4.08%        3.55%  

 

1 

Without sales charge

2 

Reflects maximum sales charge of 4.50%

3 

Reflects a contingent deferred sales charge of 1.00%

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Class R3, R4 and R5 shares commenced operations on 09/30/2011. Performance prior to that date is that of the Fund’s Class Y shares. Class R6 shares commenced operations on

11/07/2014. Performance prior to that date is that of the Fund’s Class Y shares. Class F shares commenced operations on 02/28/2017. Performance prior to that date is that of the Fund’s Class I shares.

To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.

Performance information includes performance under the Fund’s previous sub-adviser, Hartford Investment Management Company, using a modified investment strategy. As of 04/02/2012, Hartford Investment Management Company no longer served as the sub-adviser to the Fund.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

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

 

Operating Expenses*    Gross      Net  

Class A

     1.03%        0.95%  

Class C

     1.75%        1.70%  

Class I

     0.74%        0.70%  

Class R3

     1.35%        1.25%  

Class R4

     1.05%        0.95%  

Class R5

     0.74%        0.65%  

Class R6

     0.63%        0.60%  

Class Y

     0.74%        0.69%  

Class F

     0.63%        0.60%  

 

*

Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual expense reimbursement arrangements. Net expenses reflect such arrangements in instances when they reduce gross expenses. These arrangements remain in effect until 02/28/2021 unless the Fund’s Board of Directors approves an earlier termination. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020.

 

 

 

  30  

 


The Hartford Strategic Income Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

Portfolio Managers

Campe Goodman, CFA

Senior Managing Director and Fixed Income Portfolio Manager

Wellington Management Company LLP

Joseph F. Marvan, CFA

Senior Managing Director and Fixed Income Portfolio Manager

Wellington Management Company LLP

Robert D. Burn, CFA

Managing Director and Fixed Income Portfolio Manager

Wellington Management Company LLP

 

 

 

Manager Discussion

How did the Fund perform during the period?

The Class A shares of The Hartford Strategic Income Fund returned 8.21%, before sales charges, for the twelve-month period ended October 31, 2020, outperforming the Fund’s benchmark, the Bloomberg Barclays U.S. Aggregate Bond Index, which returned 6.19% for the same period. For the same period, the Class A shares of the Fund, before sales charges, outperformed the 2.36% average return of the Lipper Multi-Sector Income Funds peer group, a group of funds that seeks current income by allocating assets among several different fixed income sectors (with no more than 65% in any one sector except for defensive purposes), including U.S. government and foreign governments, with a significant portion of assets in securities rated below investment-grade.

Why did the Fund perform this way?

Over the period, global fixed income markets were primarily influenced by the global growth slowdown driven by the coronavirus pandemic and subsequently the unprecedented speed and magnitude of stimulus measures enacted by global governments and central banks. Global sovereign debt yields significantly declined as major central banks aggressively eased policies in response to the pandemic. Geopolitical uncertainty remained elevated over the period due to the following: widespread protests in both Hong Kong and the United States (U.S.), U.S.-China trade tensions, uncertainty stemming from the U.K.’s exit from the European Union (EU) (also known as Brexit), and U.S. political elections. Credit spreads widened significantly following global lockdown measures in response to the coronavirus but recovered as economies reopened.

Global monetary policies were extremely accommodative during the period. The Federal Reserve (Fed) cut rates to the zero lower bound, committed to buying an unlimited amount of U.S. Treasury and agency mortgage-backed securities (MBS), and increased the size and scope of its asset purchase program to include corporate bonds, agency commercial mortgage-backed securities (CMBS), and commercial paper, while also lending support to the municipal funding market. Later, the Fed amplified its policy response and unveiled a new inflation policy framework. The European Central Bank (ECB) launched its own massive asset purchase program in response to the pandemic, which included non-financial corporate paper for the first time, while also easing collateral rules. Many other developed market central banks cut

policy rates significantly while several emerging market central banks embarked on quantitative easing for the first time during the period.

At the end of the period, U.S. economic data was largely positive. Third quarter 2020 gross domestic product (GDP) rebounded, and personal income and spending were boosted by a stronger labor market and pandemic aid. However, a surge in coronavirus cases sparked concerns and dragged down consumer sentiment. The Eurozone’s GDP expanded in the third quarter of 2020 as restrictions relaxed. The manufacturing Purchasing Managers’ Index (PMI) improved, while the services PMI declined further into contractionary territory. Chinese annualized GDP advanced in the third quarter of 2020. Manufacturing and services continued to recover, helped by resilient exports, robust demand, and strong hiring. Japan’s industrial production grew amid recovering factory output and rising external demand. Japan’s trade balance expanded to a surplus as exports surged. Australia’s annual inflation ticked up; however, high unemployment and poor demand have kept a lid on inflation.

Over the period, U.S. dollar performance was mixed. European domiciled currencies including the euro (EUR), Swiss franc (CHF), and Swedish krona (SEK) performed strongly in response to the EU Recovery Fund. Perceived safe havens such as the Japanese yen (JPY) benefited in response to the impending collapse in global economic activity driven by the coronavirus pandemic. Despite mixed returns against global currencies, the U.S. dollar surged early in 2020 as global investors shifted into U.S. dollar cash. The Australian dollar (AUD) rallied due to the country’s more aggressive handling of the pandemic relative to other major economies. Currencies of energy-heavy economies such as the Canadian dollar (CAD) and Norwegian krone (NOK) faltered, particularly following the collapse of the Organization of the Petroleum Exporting Countries (OPEC)+ talks early in 2020.

Absolute returns in global sovereign debt were generally positive during the twelve-month period due to accommodative central banks and a preference for the perceived safety of government bonds. The U.S. yield curve steepened as the Fed kept policy rates anchored but expressed tolerance for a temporary inflation overshoot. Yield curves generally steepened in other developed economies where policy makers had room to cut rates before the pandemic. On an excess return basis (returns over U.S. Treasuries), credit risk sectors were mixed. Investment-grade corporate bonds had negative returns but recouped some of their earlier underperformance. High-yield bonds followed a similar path, generating negative excess returns. Securitized sectors were mixed. Agency MBS

 

 

 

  31  

 


The Hartford Strategic Income Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

and asset backed securities (ABS) generated positive excess returns, while CMBS generated negative excess returns.

Consistent with the Fund’s objective to provide current income and long-term total return, we continued to position the Fund with an overweight to credit risk sectors, including high-yield credit, emerging-markets debt, and bank loans. The primary contributor to the Fund’s outperformance relative to the Bloomberg Barclays U.S. Aggregate Bond Index over the period was positioning within global high yield. Most notably, we increased the credit beta position during the second half of March 2020 via high-yield credit default swap indices (CDX). We used the CDX to make a tactical shift into high-yield corporates at the peak of the market drawdown to seek to capitalize on attractive spreads, which contributed positively to the Fund’s relative performance. An allocation to convertible bonds also helped relative results, though we reduced the Fund’s exposure by the end of the period following the convertible bonds’ strong performance. An allocation to bank loans provided a slightly positive contribution to results. As of the end of the period, the Fund remained positioned with an underweight to investment-grade credit in favor of bank loans and high yield. An underweight to investment-grade corporate bonds contributed positively to results. The Fund’s allocation to emerging-markets debt detracted from overall performance during the period, particularly external debt exposure, while emerging-market corporate bond and emerging-markets local debt exposures contributed positively, offsetting some of the negative impact. Allocations to securitized sectors detracted the most from relative performance overall, particularly CMBS, non-agency residential mortgage-backed securities (RMBS), and to a lesser extent ABS, as these sectors came under pressure amid elevated market volatility, particularly at the onset of the coronavirus pandemic. We reduced the size of the Fund’s CMBS position later in the period, given our concerns about downside risks in the sector. An allocation to agency MBS contributed slightly to relative performance, as spread widening was limited by the announcement of Fed purchases. As of the end of the period, the Fund maintained a structural allocation to developed-market currencies. Emerging-market and commodity-linked currencies were laggards due to recession fears stemming from the coronavirus pandemic as well as a collapse in OPEC+ talks early in 2020. Overall, currency exposure was a slightly positive contributor to relative results. The Fund’s allocation to Treasury inflation-protected securities (TIPS) had a positive impact on results, as TIPS outperformed duration-equivalent nominal U.S. Treasuries.

Derivative exposure to high yield contributed positively to results, particularly credit default swap indices; exposure to emerging-markets CDX was a slightly positive contributor, while investment-grade CDX exposure had a neutral impact on relative performance. The Fund’s tactical duration and yield curve positioning had a negative impact overall on the Fund’s performance.

What is the outlook as of the end of the period?

We believe the outlook for global economic activity and financial markets has improved recently, though there is still the risk of a downside surprise with the coronavirus vaccine. We believe the recovery will likely be slow and uneven, though this is balanced by extraordinary monetary and fiscal stimulus measures. As of the end of the period, we are therefore positioning the Fund with a slightly pro-cyclical risk posture while preserving cash/liquidity and focusing on tactical duration positions. As of the end of the period, we positioned the Fund for an increase in inflation expectations. As of the end of the period, we have

also positioned the Fund with an underweight to investment-grade corporate bonds and agency MBS in favor of higher-yielding sectors such as high yield, U.S. bank loans, and parts of the structured finance universe (non-agency RMBS). As of the end of the period, we are seeking to add exposure to parts of the structured finance universe where market dislocations occur. We believe the downturn will be particularly challenging for emerging markets. We have focused the Fund’s exposures on countries that we believe are better able to cope with the economic and healthcare impact of the coronavirus pandemic. As of the end of the period, the Fund also had a small exposure to select convertible bonds.

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. The Fund may allocate a portion of its assets to specialist portfolio managers, which may not work as intended. Fixed income security risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall. Investments in high-yield (“junk”) bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities. Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. These risks may be greater for investments in emerging markets. Derivatives are generally more volatile and sensitive to changes in market or economic conditions than other securities; their risks include currency, leverage, liquidity, index, pricing, and counterparty risk. The risks associated with mortgage-related and asset-backed securities include credit, interest-rate, prepayment, liquidity, default and extension risk.  The purchase of securities in the To-Be-Announced (TBA) market can result in additional price and counterparty risk. Restricted securities may be more difficult to sell and price than other securities. Loans can be difficult to value and less liquid than other types of debt instruments; they are also subject to nonpayment, collateral, bankruptcy, default, extension, prepayment and insolvency risks. Obligations of U.S. Government agencies are supported by varying degrees of credit but are generally not backed by the full faith and credit of the U.S. Government.

 

 

 

  32  

 


The Hartford Strategic Income Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

Composition by Security Type(1)

as of 10/31/2020

 

Category    Percentage of
Net Assets
 

Equity Securities

  

Common Stocks

     0.0 %* 

Convertible Preferred Stocks

     0.5  

Preferred Stocks

     0.1  

Warrants

     0.0
  

 

 

 

Total

     0.6
  

 

 

 

Fixed Income Securities

  

Asset & Commercial Mortgage-Backed Securities

     6.4

Convertible Bonds

     2.7  

Corporate Bonds

     32.3  

Foreign Government Obligations

     18.7  

Municipal Bonds

     0.9  

Senior Floating Rate Interests

     19.9  

U.S. Government Agencies(2)

     7.6  

U.S. Government Securities

     13.7  
  

 

 

 

Total

     102.2
  

 

 

 

Short-Term Investments

     4.4  

Purchased Options

     0.0

Other Assets & Liabilities

     (7.2
  

 

 

 

Total

     100.0
  

 

 

 

 

*

Percentage rounds to zero.

 

(1)

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

(2)

All or a portion of the securities categorized as U.S. Government Agencies were agency mortgage backed securities as of October 31, 2020.

 

 

 

  33  

 


The Hartford Total Return Bond Fund

Fund Overview

October 31, 2020 (Unaudited)

 

 

 

Inception 07/22/1996

Sub-advised by Wellington Management Company LLP

  Investment objective – The Fund seeks a competitive total return, with income as a secondary objective.

 

LOGO

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.

 

Average Annual Total Returns

for the Periods Ending 10/31/2020

 

      1 Year      5 Years      10 Years  

Class A1

     6.88%        4.53%        3.77%  

Class A2

     2.07%        3.57%        3.29%  

Class C1

     6.13%        3.76%        3.00%  

Class C3

     5.13%        3.76%        3.00%  

Class I1

     7.35%        4.83%        4.07%  

Class R31

     6.55%        4.20%        3.44%  

Class R41

     6.90%        4.52%        3.76%  

Class R51

     7.20%        4.88%        4.09%  

Class R61

     7.41%        4.94%        4.17%  

Class Y1

     7.27%        4.92%        4.17%  

Class F1

     7.38%        4.92%        4.12%  

Bloomberg Barclays U.S. Aggregate Bond Index

     6.19%        4.08%        3.55%  

 

1 

Without sales charge

2 

Reflects maximum sales charge of 4.50%

3 

Reflects a contingent deferred sales charge of 1.00%

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Class R6 shares commenced operations on 11/07/2014. Performance prior to that date is that of the Fund’s Class Y shares. Class F shares commenced operations on 02/28/2017. Performance prior to that date is that of the Fund’s Class I shares.

To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.

Performance information includes performance under the Fund’s previous sub-adviser, Hartford Investment Management Company. As of 03/05/2012, Hartford Investment Management Company no longer served as the sub-adviser to the Fund.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

Performance information may reflect historical or current expense waivers/reimbursements without which performance would have been lower. For information on current expense waivers/reimbursements, please see the Fund’s statement of additional information.

Class C shares of the Fund are closed to new investors, subject to certain exceptions. For more information, please see the Fund’s prospectus.

 

Operating Expenses*    Gross      Net  

Class A

     0.74%        0.74%  

Class C

     1.53%        1.53%  

Class I

     0.46%        0.46%  

Class R3

     1.07%        1.07%  

Class R4

     0.76%        0.76%  

Class R5

     0.47%        0.47%  

Class R6

     0.35%        0.35%  

Class Y

     0.46%        0.46%  

Class F

     0.35%        0.35%  

 

*

Expenses as shown in the Fund’s most recent prospectus. Expenses shown include acquired fund fees and expenses. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020.

 

 

 

  34  

 


The Hartford Total Return Bond Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

Portfolio Managers

Joseph F. Marvan, CFA

Senior Managing Director and Fixed Income Portfolio Manager

Wellington Management Company LLP

Campe Goodman, CFA

Senior Managing Director and Fixed Income Portfolio Manager

Wellington Management Company LLP

Robert D. Burn, CFA

Managing Director and Fixed Income Portfolio Manager

Wellington Management Company LLP

 

 

 

Manager Discussion

How did the Fund perform during the period?

The Class A shares of The Hartford Total Return Bond Fund returned 6.88%, before sales charges, for the twelve-month period ended October 31, 2020, outperforming the Fund’s benchmark, the Bloomberg Barclays U.S. Aggregate Bond Index, which returned 6.19% for the same period. For the same period, the Class A shares of the Fund, before sales charges, also outperformed the 6.19% average return of the Lipper Core Bond Funds peer group, a group of funds with investment strategies similar to those of the Fund.

Why did the Fund perform this way?

Over the period, global fixed income markets were primarily influenced by the global growth slowdown driven by the coronavirus pandemic and subsequently the unprecedented speed and magnitude of stimulus measures enacted by global governments and central banks. Global sovereign debt yields significantly declined as major central banks aggressively eased policies in response to the pandemic. Geopolitical uncertainty remained elevated over the period due to the following: widespread protests in both Hong Kong and the United States (U.S.), U.S.-China trade tensions, uncertainty stemming from the U.K.’s exit from the European Union (EU) (also known as Brexit), and U.S. political elections. Credit spreads widened significantly following global lockdown measures in response to the coronavirus but recovered as economies reopened.

Global monetary policies were extremely accommodative during the period. The Federal Reserve (Fed) cut rates to the zero lower bound, committed to buying an unlimited amount of U.S. Treasury and agency mortgage-backed securities (MBS), and increased the size and scope of its asset purchase program to include corporate bonds, agency commercial mortgage-backed securities (CMBS), and commercial paper, while also lending support to the municipal funding market. Later, the Fed amplified its policy response and unveiled a new inflation policy framework. The European Central Bank (ECB) launched its own massive asset purchase program in response to the pandemic, which included non-financial corporate paper for the first time, while also easing collateral rules. Many other developed market central banks cut policy rates significantly while several emerging market central banks embarked on quantitative easing for the first time during the period.

At the end of the period, U.S. economic data was largely positive. Third quarter 2020 gross domestic product (GDP) rebounded, and personal

income and spending were boosted by a stronger labor market and pandemic aid. However, a surge in coronavirus cases sparked concerns and dragged down consumer sentiment. The Eurozone’s GDP expanded in the third quarter of 2020 as restrictions relaxed. The manufacturing Purchasing Managers’ Index (PMI) improved, while the services PMI declined further into contractionary territory. Chinese annualized GDP advanced in the third quarter of 2020. Manufacturing and services continued to recover, helped by resilient exports, robust demand, and strong hiring. Japan’s industrial production grew amid recovering factory output and rising external demand. Japan’s trade balance expanded to a surplus as exports surged. Australia’s annual inflation ticked up; however, high unemployment and poor demand have kept a lid on inflation.

Over the period, U.S. dollar performance was mixed. European domiciled currencies including the euro (EUR), Swiss franc (CHF), and Swedish krona (SEK) performed strongly in response to the EU Recovery Fund. Perceived safe havens such as the Japanese yen (JPY) benefited in response to the impending collapse in global economic activity driven by the coronavirus pandemic. Despite mixed returns against global currencies, the U.S. dollar surged early in 2020 as global investors shifted into U.S. dollar cash. The Australian dollar (AUD) rallied due to the country’s more aggressive handling of the pandemic relative to other major economies. Currencies of energy-heavy economies such as the Canadian dollar (CAD) and Norwegian krone (NOK) faltered, particularly following the collapse of the Organization of the Petroleum Exporting Countries (OPEC)+ talks early in 2020.

Absolute returns in global sovereign debt were generally positive during the twelve-month period due to accommodative central banks and a preference for the perceived safety of government bonds. The U.S. yield curve steepened as the Fed kept policy rates anchored but expressed tolerance for a temporary inflation overshoot. Yield curves generally steepened in other developed economies where policy makers had room to cut rates before the pandemic. On an excess return basis (returns over U.S. Treasuries), credit risk sectors were mixed. Investment-grade corporate bonds had negative excess returns but recouped some of their earlier underperformance. High-yield bonds followed a similar path, generating negative excess returns, while securitized sectors were mixed. Agency MBS and asset backed securities (ABS) generated positive excess returns, while CMBS generated negative excess returns.

During the period, the largest contributor to the Fund’s outperformance relative to the Bloomberg Barclays U.S. Aggregate Bond Index was

 

 

 

  35  

 


The Hartford Total Return Bond Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

positioning within credit sectors. An allocation to and security selection within investment-grade credit, particularly within the Industrials sector, was the largest contributor within corporate credit. An underweight to developed sovereign bonds within non-corporate credit also had a positive impact on relative results over the period. An allocation to high yield contributed positively to relative results as higher-yielding sectors recovered over the latter part of the period, while an allocation to bank loans had a slightly negative impact on relative performance. The Fund’s allocation to select emerging markets debt contributed positively to relative performance during the period. The Fund’s allocation to securitized sectors, consisting of non-agency residential mortgage backed securities (NA RMBS – particularly post-crisis “2.0” issuances), CMBS, and ABS detracted from relative performance, as many of these sectors came under substantial stress, particularly at the onset of the coronavirus pandemic. This negative impact was partially offset by a positive impact from positioning within agency MBS, which contributed positively to relative performance during the period as spread widening was limited by the announcement of Fed purchases. An allocation to collateralized loan obligations (CLOs) was a modest positive contributor to relative results. An allocation to Treasury inflation-protected securities (TIPS) contributed positively to relative performance as TIPS outperformed duration-equivalent nominal U.S. Treasuries.

Finally, the Fund’s derivative hedges, implemented through credit default swap indices (CDX), slightly detracted from performance. Additionally, the Fund’s tactical duration positioning during part of the period, implemented partially through interest rate swaps and bond futures, detracted from performance.

What is the outlook as of the end of the period?

As of the end of the period, we are positioning the Fund consistent with our expectation for continued uncertainty amid the ongoing coronavirus pandemic. We expect accommodative monetary policy to continue to support credit risk sectors. We have positioned the Fund for rising inflation expectations as we believe the TIPS market is underpricing inflation expectations. As of the end of the period, the Fund had a neutral weight to investment-grade corporate bonds. Within investment-grade corporate bonds, we favor the Communications and Technology sectors, as we feel that select issuers are particularly resilient in this environment. As of the end of the period, the Fund is positioned with an overweight to agency mortgage-backed pass-throughs. Within structured finance, the Fund maintained an allocation outside the Bloomberg Barclays U.S. Aggregate Bond Index to select non-agency RMBS, high quality CLOs, and collateral mortgage obligations (CMOs) and Fannie Mae (FNMA) Delegated Underwriting & Servicing (DUS) multi-family bonds. As of the end of the period, the Fund also owned senior CMBS tranches with attractive collateral in our view. The Fund maintained an allocation to high yield. In addition to high yield, the Fund expresses a pro-risk view through an allocation to bank loans. As of the end of the period, we also continued to hold in the Fund select exposure to emerging-markets debt in countries where we believe valuations are attractive.

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. The Fund may allocate a portion of its assets to specialist portfolio managers, which

may not work as intended. Fixed income security risks include credit, liquidity, call, duration, event and interest-rate risk. As interest rates rise, bond prices generally fall. The risks associated with mortgage-related and asset-backed securities as well as collateralized loan obligations (CLOs) include credit, interest-rate, prepayment, liquidity, default and extension risk. The purchase of securities in the To-Be-Announced (TBA) market can result in additional price and counterparty risk.  Derivatives are generally more volatile and sensitive to changes in market or economic conditions than other securities; their risks include currency, leverage, liquidity, index, pricing, and counterparty risk.  Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. These risks may be greater for investments in emerging markets. Investments in high-yield (“junk”) bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities. Obligations of U.S. Government agencies are supported by varying degrees of credit but are generally not backed by the full faith and credit of the U.S. Government. Restricted securities may be more difficult to sell and price than other securities.

Composition by Security Type(1)

as of 10/31/2020

 

Category    Percentage of
Net Assets
 

Equity Securities

 

Common Stocks

     0.0 %* 

Preferred Stocks

     0.0

Warrants

     0.0
  

 

 

 

Total

     0.0 %* 
  

 

 

 

Fixed Income Securities

  

Asset & Commercial Mortgage-Backed Securities

     19.1

Corporate Bonds

     32.7  

Foreign Government Obligations

     1.8  

Municipal Bonds

     1.9  

Senior Floating Rate Interests

     2.4  

U.S. Government Agencies(2)

     39.8  

U.S. Government Securities

     20.5  
  

 

 

 

Total

     118.2
  

 

 

 

Short-Term Investments

     6.2  

Purchased Options

     0.0

Other Assets & Liabilities

     (24.4
  

 

 

 

Total

     100.0
  

 

 

 

 

*

Percentage rounds to zero.

 

(1) 

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

(2) 

All or a portion of the securities categorized as U.S. Government Agencies were agency mortgage backed securities as of October 31, 2020.

 

 

 

  36  

 


The Hartford World Bond Fund

Fund Overview

October 31, 2020 (Unaudited)

 

 

 

Inception 05/31/2011

Sub-advised by Wellington Management Company LLP

  Investment objective – The Fund seeks capital appreciation with income as a secondary goal.

 

LOGO

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.

 

Average Annual Total Returns

for the Periods Ending 10/31/2020

 

      1 Year     5 Years     Since
Inception1
 

Class A2

     0.80     2.25     2.83

Class A3

     -3.74     1.31     2.33

Class C2

     0.00     1.48     2.08

Class C4

     -0.98     1.48     2.08

Class I2

     1.10     2.51     3.11

Class R32

     0.44     1.92     2.50

Class R42

     0.84     2.24     2.82

Class R52

     1.08     2.53     3.12

Class R62

     1.17     2.63     3.22

Class Y2

     1.11     2.58     3.19

Class F2

     1.17     2.59     3.15

FTSE World Government Bond Index

     6.00     3.92     1.74

Bloomberg Barclays U.S. Aggregate Bond Index

     6.19     4.08     3.63

 

1 

Inception: 05/31/2011

2 

Without sales charge

3 

Reflects maximum sales charge of 4.50%

4 

Reflects a contingent deferred sales charge of 1.00%

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Class R6 shares commenced operations on 11/07/2014. Performance prior to that date is that of the Fund’s Class Y shares. Class F shares commenced operations on 02/28/2017. Performance prior to that date is that of the Fund’s Class I shares.

To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

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

 

Operating Expenses*    Gross      Net  

Class A

     1.03%        1.03%  

Class C

     1.76%        1.76%  

Class I

     0.75%        0.75%  

Class R3

     1.37%        1.37%  

Class R4

     1.07%        1.07%  

Class R5

     0.77%        0.77%  

Class R6

     0.65%        0.65%  

Class Y

     0.75%        0.74%  

Class F

     0.65%        0.65%  

 

*

Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual fee waivers or expense reimbursement arrangements. Net expenses reflect such arrangements only with respect to Class Y. These arrangements remain in effect until 02/28/2021 unless the Fund’s Board of Directors approves an earlier termination. Expenses shown include acquired fund fees and expenses. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020.

 

 

 

  37  

 


The Hartford World Bond Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

Portfolio Managers

Mark H. Sullivan, CFA

Senior Managing Director and Fixed Income Portfolio Manager

Wellington Management Company LLP

Martin Harvey, CFA

Managing Director and Fixed Income Portfolio Manager

Wellington Management Company LLP

 

 

 

Manager Discussion

How did the Fund perform during the period?

The Class A shares of The Hartford World Bond Fund returned 0.80%, before sales charges, for the twelve-month period ended October 31, 2020, underperforming the Fund’s benchmarks, the FTSE World Government Bond Index, which returned 6.00% for the same period, and the Bloomberg Barclays U.S. Aggregate Bond Index, which returned 6.19% for the same period. For the same period, the Class A shares of the Fund, before sales charges, underperformed the 4.38% average return of the Lipper Global Income Funds peer group, a group of funds that invests primarily in United States (U.S.) dollar and non-U.S. dollar debt securities of issuers located in at least three countries, one of which may be the U.S.

Why did the Fund perform this way?

Over the period, global fixed income markets were primarily influenced by the global growth slowdown driven by the coronavirus pandemic and subsequently the unprecedented speed and magnitude of stimulus measures enacted by global governments and central banks. Global sovereign debt yields significantly declined as major central banks aggressively eased policies in response to the pandemic. Geopolitical uncertainty remained elevated over the period due to the following: widespread protests in both Hong Kong and the United States (U.S.), U.S.-China trade tensions, uncertainty stemming from the U.K.’s exit from the European Union (EU) (also known as Brexit), and U.S. political elections. Credit spreads widened significantly following global lockdown measures in response to the coronavirus pandemic, but only widened marginally over the entire period after tightening in response to the unprecedented stimulus measures and gradually reopening economies.

Global monetary policies were extremely accommodative during the period. The Federal Reserve (Fed) cut rates near zero and committed to buying an unlimited amount of U.S. Treasury and agency mortgage-backed securities. Later, the Fed amplified its policy response and unveiled a new inflation policy framework. The European Central Bank (ECB) launched its own massive asset purchase program in response to the pandemic, which included non-financial corporate paper for the first time. Many other developed-markets central banks cut policy rates significantly in response to the pandemic while several emerging-markets central banks embarked on quantitative easing for the first time during the period.

At the end of the period, U.S. economic data was largely positive. Third quarter 2020 gross domestic product (GDP) rebounded, and personal income and spending were boosted by a stronger labor market and pandemic aid. However, a surge in coronavirus cases sparked concerns and dragged down consumer sentiment. The Eurozone’s GDP expanded

in the third quarter of 2020 as restrictions relaxed. The manufacturing Purchasing Managers’ Index (PMI) improved, while the services PMI declined further into contractionary territory. Chinese annualized GDP advanced in the third quarter of 2020. Manufacturing and services continued to recover helped by resilient exports, robust demand, and strong hiring. Japan’s industrial production grew amid recovering factory output and rising external demand. Japan’s trade balance expanded to a surplus as exports surged. Australia’s annual inflation ticked up; however, high unemployment and poor demand have kept a lid on inflation.

Over the period, U.S. dollar performance was mixed. European domiciled currencies including the euro (EUR), Swiss franc (CHF) and Swedish krona (SEK) performed strongly in response to the EU Recovery Fund. Perceived safe havens such as the Japanese yen (JPY) benefited in response to the impending collapse in global economic activity driven by the coronavirus pandemic. Despite mixed returns against global currencies, the U.S. dollar surged early in 2020 as global investors shifted into U.S. dollar cash. The Australian dollar (AUD) rallied due to the country’s more aggressive handling of the pandemic relative to other major economies. Currencies of energy-heavy economies such as the Canadian dollar (CAD) and Norwegian krone (NOK) faltered, particularly following the collapse of the Organization of the Petroleum Exporting Countries (OPEC)+ talks early in 2020.

Absolute returns in global sovereign debt were generally positive during the twelve-month period due to accommodative central banks and a preference for the perceived safety of government bonds. The U.S. yield curve steepened as the Fed kept policy rates anchored but expressed tolerance for a temporary inflation overshoot. Yield curves generally steepened in other developed economies where policy makers had room to cut rates before the pandemic. On an excess return basis (returns over U.S. Treasuries), credit risk sectors were mixed. Investment-grade corporate bonds had marginally negative excess returns, but experienced significant spread widening early in the period followed by significant tightening later in the period. High-yield spreads followed a similar path, generating negative excess returns. Securitized sectors were mixed, as agency mortgage-backed securities (MBS) and asset backed securities (ABS) generated positive excess returns, while commercial mortgage-backed securities (CMBS) generated negative excess returns.

Note that the Fund is managed to seek capital appreciation and, secondly, income. For the twelve-month period, country and credit strategies contributed positively to total returns relative to the FTSE World Government Bond Index, while currency strategies detracted from relative performance. Relative to the FTSE World Government Bond Index, the Fund’s lower duration positioning in country strategies

 

 

 

  38  

 


The Hartford World Bond Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

detracted from performance, as sovereign debt yields across most markets moved lower. The Fund’s strategic currency positioning also detracted from relative returns, due to select exposures to non-U.S.-dollar currencies.

Within country positioning, the Fund’s core allocation to developed sovereign governments was a positive contributor to total returns over the period as yields declined to record lows across developed markets, reflecting global recession fears stemming from the coronavirus pandemic. Over the period, the Fund had exposure to some of the higher-yielding developed markets such as the U.S., Canada, Australia, and New Zealand, which benefited total returns. Also in macro-based duration strategies, short duration positions in the U.K. and Germany detracted from performance. U.K. rates fell in the first quarter of 2020 as the coronavirus spread outside of China and the EU failed to agree on a coronavirus pandemic fiscal rescue early in the quarter, leading investors to seek the safety of German bunds in April 2020. In quantitative positioning, the Fund’s long duration bias in March 2020, which we shifted to in the beginning of the month, was the key contributor to performance during the period. Against the FTSE World Government Bond Index, we maintained a shorter duration stance within the Fund for the period, which led to relative underperformance.

During the period, we implemented both a strategic currency strategy and opportunistic currency strategy on behalf of the Fund. With respect to the strategic currency strategy, we seek to mitigate market risk. With respect to the opportunistic currency positioning, we seek exploit inefficiencies in the global fixed income and currency markets due to unsynchronized economic, interest rate and credit cycles. The currency strategies implemented on behalf of the Fund had negative total returns during the period. The Fund’s strategic currency positioning drove negative total returns due to the Fund’s non-U.S.-dollar exposure held at portions throughout the period, such as the exposure to the JPY and NOK. The JPY fell in mid-2020 as reopening economies and falling coronavirus case counts drove positive risk sentiment. The NOK faltered early in 2020 with the collapse of OPEC+ talks. Relative to the FTSE World Government Bond Index, the Fund’s lack of exposure to European currencies resulted in underperformance as European currencies performed strongly during the period in response to the EU Recovery Fund. In the Fund’s opportunistic currency positioning, a short EUR position detracted from performance, particularly after the proposal of a joint EU pandemic relief fund during the second quarter of 2020.

Within the Fund’s credit positioning, the Fund’s opportunistic allocations to high yield and emerging-market debt outside of the FTSE World Government Bond Index contributed positively to absolute returns as the sectors generated strong positive total returns over the year.

During the period, we used derivatives in the Fund in pursuit of the Fund’s investment objective as well as to hedge against risk. The Fund’s macro-driven duration positioning, which are primarily implemented using exchange-traded government bond futures and cash bonds, detracted from total returns over the period; conversely, the Fund’s country rotation positioning, which is also implemented through exchange-traded government bond futures, contributed positively. The Fund’s macro-driven and strategic market currency positioning is implemented through currency forwards. Macro-driven currency positioning and strategic currency positioning both detracted from performance over the period. The Fund’s credit positioning, which is

implemented using cash bonds, credit default swaps (index and single name), and interest rate swaps, contributed positively to returns over the period.

What is the outlook as of the end of the period?

We perceive the public health crisis as temporary and the policy response as semi-permanent. We believe excess capacity should continue to be created over the coming weeks, as the coronavirus case count will likely rise and lockdown restrictions may increase. However, recent vaccine developments make us marginally more confident about the temporary nature of the health crisis. It provides greater confidence that the recovery can proceed at a faster pace with both bond yields and equities rising together over 2021. In the U.S., the post-Global Financial Crisis (GFC) period beginning in 2011 (i.e., the second half of President Obama’s first term) bears a resemblance to the current market environment. Both involved a split Congress alongside an extremely accommodative Fed. We believe that the overall U.S. policy mix in the absence of a “blue wave” scenario implies less fiscal and more monetary policy in the mix. The potential for gridlock reduces the scope for a rollback of President Donald Trump’s signature tax cuts and also may mean less aggressive regulation as a divided U.S. government is unlikely to crack down on big tech or big pharma firms.

We think that the broad U.S. dollar index could gradually decline over the next few months, driven by the potential for falling U.S. interest-rate differentials, positive vaccine developments, and U.S. dollar overvaluation in our long-term metrics. We believe that a Biden Presidency (even with the Senate remaining in Republican majority) would favor foreign currencies versus the U.S. dollar as markets price in easing geopolitical tensions and unchanged tax and regulatory policy. However, the magnitude of a broad-based dollar decline would be lower compared to a “blue wave” scenario.

In high yield, we believe fundamentals remain challenged but are beginning to improve for many issuers. In securitized sectors, we continue to have conviction in U.S. housing-related assets in non-agency retail mortgage backed securities (RMBS). Housing purchase activity has been strong amid historically low mortgage rates and pent up demand. In CMBS, commercial real estate fundamentals are under pressure due to the coronavirus pandemic. Retail and lodging are most directly impacted by the fallout from the global pandemic. In ABS, the U.S. consumer underwent a dramatic shift from one of the strongest-performing sectors in the global economy to one of the most threatened. In corporate credit, we continue to believe the measures enacted by major governments and central banks around the world should likely support further credit spread tightening. However, we believe that additional fiscal measures will be necessary to support the global economy, and renewed credit spread volatility is possible.

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. The Fund may allocate a portion of its assets to specialist portfolio managers, which may not work as intended. Fixed income security risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall. Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. These

 

 

 

  39  

 


The Hartford World Bond Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

risks may be greater for investments in emerging markets or if the Fund focuses in a particular geographic region or country. Investments in high-yield (“junk”) bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities. Mortgage-related and asset-backed securities’ risks include credit, interest-rate, prepayment, and extension risk. Derivatives are generally more volatile and sensitive to changes in market or economic conditions than other securities; their risks include currency, leverage, liquidity, index, pricing, and counterparty risk. The Fund may invest in a smaller number of issuers, so it may be more exposed to risks and volatility than a more broadly diversified fund. Restricted securities may be more difficult to sell and price than other securities. Obligations of U.S. Government agencies are supported by varying degrees of credit but are generally not backed by the full faith and credit of the U.S. Government.

Composition by Security Type(1)

as of 10/31/2020

 

Category    Percentage of
Net Assets
 

Equity Securities

  

Common Stocks

     0.0 %* 

Convertible Preferred Stocks

     0.2  

Preferred Stocks

     0.0
  

 

 

 

Total

     0.2
  

 

 

 

Fixed Income Securities

  

Asset & Commercial Mortgage-Backed Securities

     7.9

Convertible Bonds

     0.2  

Corporate Bonds

     14.9  

Foreign Government Obligations

     64.1  

Senior Floating Rate Interests

     2.1  

U.S. Government Agencies(2)

     2.7  

U.S. Government Securities

     6.5  
  

 

 

 

Total

     98.4
  

 

 

 

Short-Term Investments

     1.8  

Purchased Options

     0.1  

Other Assets & Liabilities

     (0.5
  

 

 

 

Total

     100.0
  

 

 

 

 

*

Percentage rounds to zero.

 

(1)

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

(2)

All or a portion of the securities categorized as U.S. Government Agencies were agency mortgage backed securities as of October 31, 2020.

 

 

 

  40  

 


Hartford Fixed Income Funds

Benchmark Glossary (Unaudited)

 

 

 

Bloomberg Barclays 1-3 Year U.S. Government/Credit Index (reflects no deduction for fees, expenses or taxes) is comprised of the U.S. Government/Credit component of the U.S. Aggregate Index. The 1-3 Year Government/Credit Index includes securities in the 1-3 year maturity range in the Government/Credit Index.

Bloomberg Barclays Municipal Bond 1-15 Year Blend (1-17) Index (reflects no deduction for fees, expenses or taxes) is a sub-index of the Bloomberg Barclays Municipal Bond Index. It is a rules-based market value-weighted index of bonds with maturities of 1 year to 17 years engineered for the tax-exempt bond market.

Bloomberg Barclays Municipal Bond Short 1-5 Year Index (reflects no deduction for fees, expenses or taxes) measures the performance of municipal bonds with time to maturity of more than one year and less than five years.

Bloomberg Barclays Municipal Bond Index (reflects no deduction for fees, expenses or taxes) is designed to cover the USD-denominated long-term tax exempt bond market.

Bloomberg Barclays U.S. Aggregate Bond Index (reflects no deduction for fees, expenses or taxes) is composed of securities that are Securities and Exchange Commission registered, taxable, and dollar denominated. The index covers the U.S. investment grade fixed rate bond market, with index components for government and corporate securities, mortgage pass-through securities, and asset-backed securities. These major sectors are subdivided into more specific indices that are calculated and reported on a regular basis.

Bloomberg Barclays U.S. Corporate High Yield Bond Index (reflects no deduction for fees, expenses or taxes) is a market-value-weighted index that tracks the total return performance of non-investment grade, fixed-rate, publicly placed, dollar denominated and nonconvertible debt registered with the Securities and Exchange Commission.

Bloomberg Barclays U.S. TIPS 1-10 Year Index (reflects no deduction for fees, expenses or taxes) represents U.S. Treasury inflation-protected securities having a maturity of at least 1 year and less than 10 years.

Bloomberg Barclays U.S. TIPS Index (reflects no deduction for fees, expenses or taxes) represents securities that protect against adverse inflation and provide a minimum level of real return. To be included in this index, bonds must have cash flows linked to an inflation index, be sovereign issues denominated in U.S. currency, and have more than one year to maturity.

FTSE World Government Bond Index (formerly known as the Citigroup World Government Bond Index) (reflects no deduction for fees, expenses or taxes) is designed to measure the performance of fixed-rate, local currency, investment grade sovereign bonds.

JP Morgan GBI Emerging Markets Global Diversified Index (reflects no deduction for fees, expenses or taxes) is a comprehensive global local emerging markets index that consists of regularly traded, liquid fixed-rate, domestic-currency government bonds to which international investors can gain exposure.

S&P/LSTA Leveraged Loan Index (reflects no deduction for fees, expenses or taxes) is a market-value-weighted index that is designed to measure the performance of the U.S. leveraged loan market based upon market weightings, spreads and interest payments.

BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively “Bloomberg”). BARCLAYS® is a trademark and service mark of Barclays Bank Plc (collectively with its affiliates, “Barclays”), used under license. Bloomberg or Bloomberg’s licensors, including Barclays, own all proprietary rights in the Bloomberg Barclays Indices. Neither Bloomberg nor Barclays approves or endorses this material, or guarantees the accuracy or completeness of any information herein, or makes any warranty, express or implied, as to the results to be obtained therefrom and, to the maximum extent allowed by law, neither shall have any liability or responsibility for injury or damages arising in connection therewith.

 

 

 

  41  

 


Hartford Fixed Income Funds

Expense Examples (Unaudited)

 

 

 

Your Fund’s Expenses

As a shareholder of a Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, if any, and contingent deferred sales charges (CDSC), if any, and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in a Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of May 1, 2020 through October 31, 2020. To the extent a Fund was subject to acquired fund fees and expenses during the period, acquired fund fees and expenses are not included in the annualized expense ratios below.

Actual Expenses

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

Hypothetical Example for Comparison Purposes

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

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (front-end sales loads and CDSC). Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses for a class of a Fund are equal to the class’ annualized expense ratio multiplied by average account value over the period, multiplied by 184/366 (to reflect the one-half year period).

 

     Actual Return      Hypothetical (5% return before expenses)  
      Beginning
Account Value
May 1, 2020
     Ending
Account Value
October 31, 2020
     Expenses paid
during the period
May 1, 2020
through
October 31, 2020
     Beginning
Account Value
May 1, 2020
     Ending
Account Value
October 31, 2020
     Expenses paid
during the period
May 1, 2020
through
October 31, 2020
     Annualized
expense
ratio
 

The Hartford Emerging Markets Local Debt Fund

 

        

Class A

   $     1,000.00      $     1,103.10      $     6.24      $     1,000.00      $     1,019.20      $     5.99        1.18

Class C

   $ 1,000.00      $ 1,100.40      $ 10.19      $ 1,000.00      $ 1,015.43      $ 9.78        1.93

Class I

   $ 1,000.00      $ 1,107.60      $ 4.87      $ 1,000.00      $ 1,020.51      $ 4.67        0.92

Class R3

   $ 1,000.00      $ 1,103.80      $ 5.61      $ 1,000.00      $ 1,019.81      $ 5.38        1.06

Class R4

   $ 1,000.00      $ 1,105.80      $ 6.25      $ 1,000.00      $ 1,019.20      $ 5.99        1.18

Class R5

   $ 1,000.00      $ 1,107.80      $ 4.61      $ 1,000.00      $ 1,020.76      $ 4.42        0.87

Class Y

   $ 1,000.00      $ 1,106.40      $ 4.66      $ 1,000.00      $ 1,020.71      $ 4.47        0.88

Class F

   $ 1,000.00      $ 1,105.70      $ 4.39      $ 1,000.00      $ 1,020.96      $ 4.22        0.83

The Hartford Floating Rate Fund

 

  

Class A

   $ 1,000.00      $ 1,084.10      $ 5.24      $ 1,000.00      $ 1,020.11      $ 5.08        1.00

Class C

   $ 1,000.00      $ 1,080.80      $ 9.10      $ 1,000.00      $ 1,016.39      $ 8.82        1.74

Class I

   $ 1,000.00      $ 1,085.60      $ 3.83      $ 1,000.00      $ 1,021.47      $ 3.71        0.73

Class R3

   $ 1,000.00      $ 1,083.60      $ 6.55      $ 1,000.00      $ 1,018.85      $ 6.34        1.25

Class R4

   $ 1,000.00      $ 1,084.10      $ 5.24      $ 1,000.00      $ 1,020.11      $ 5.08        1.00

Class R5

   $ 1,000.00      $ 1,085.30      $ 4.09      $ 1,000.00      $ 1,021.22      $ 3.96        0.78

Class Y

   $ 1,000.00      $ 1,086.10      $ 3.57      $ 1,000.00      $ 1,021.72      $ 3.46        0.68

Class F

   $ 1,000.00      $ 1,083.20      $ 3.51      $ 1,000.00      $ 1,021.77      $ 3.40        0.67

The Hartford Floating Rate High Income Fund

 

Class A

   $ 1,000.00      $ 1,091.30      $ 5.52      $ 1,000.00      $ 1,019.86      $ 5.33        1.05

Class C

   $ 1,000.00      $ 1,087.80      $ 9.45      $ 1,000.00      $ 1,016.09      $ 9.12        1.80

Class I

   $ 1,000.00      $ 1,093.10      $ 4.21      $ 1,000.00      $ 1,021.12      $ 4.06        0.80

Class R3

   $ 1,000.00      $ 1,090.80      $ 7.10      $ 1,000.00      $ 1,018.35      $ 6.85        1.35

Class R4

   $ 1,000.00      $ 1,091.50      $ 5.52      $ 1,000.00      $ 1,019.86      $ 5.33        1.05

Class R5

   $ 1,000.00      $ 1,093.40      $ 3.95      $ 1,000.00      $ 1,021.37      $ 3.81        0.75

Class Y

   $ 1,000.00      $ 1,093.20      $ 4.10      $ 1,000.00      $ 1,021.22      $ 3.96        0.78

Class F

   $ 1,000.00      $ 1,093.20      $ 3.95      $ 1,000.00      $ 1,021.37      $ 3.81        0.75

 

 

  42  

 


Hartford Fixed Income Funds

Expense Examples (Unaudited) – (continued)

 

 

 

     Actual Return      Hypothetical (5% return before expenses)  
      Beginning
Account Value
May 1, 2020
     Ending
Account Value
October 31, 2020
     Expenses paid
during the period
May 1, 2020
through
October 31, 2020
     Beginning
Account Value
May 1, 2020
     Ending
Account Value
October 31, 2020
     Expenses paid
during the period
May 1, 2020
through
October 31, 2020
     Annualized
expense
ratio
 

The Hartford High Yield Fund(1)

 

           

Class A

   $     1,000.00      $     1,112.10      $     5.42      $     1,000.00      $     1,020.01      $     5.18        1.02

Class C

   $ 1,000.00      $ 1,108.30      $ 9.33      $ 1,000.00      $ 1,016.29      $ 8.92        1.76

Class I

   $ 1,000.00      $ 1,114.80      $ 3.93      $ 1,000.00      $ 1,021.42      $ 3.76        0.74

Class R3

   $ 1,000.00      $ 1,111.90      $ 7.01      $ 1,000.00      $ 1,018.50      $ 6.70        1.32

Class R4

   $ 1,000.00      $ 1,113.40      $ 5.42      $ 1,000.00      $ 1,020.01      $ 5.18        1.02

Class R5

   $ 1,000.00      $ 1,117.20      $ 3.83      $ 1,000.00      $ 1,021.52      $ 3.66        0.72

Class Y

   $ 1,000.00      $ 1,109.50      $ 4.08      $ 1,000.00      $ 1,021.27      $ 3.91        0.77

Class F

   $ 1,000.00      $ 1,115.60      $ 3.46      $ 1,000.00      $ 1,021.87      $ 3.30        0.65

The Hartford Inflation Plus Fund

 

Class A

   $ 1,000.00      $ 1,053.10      $ 4.44      $ 1,000.00      $ 1,020.81      $ 4.37        0.86

Class C

   $ 1,000.00      $ 1,050.00      $ 8.09      $ 1,000.00      $ 1,017.24      $ 7.96        1.57

Class I

   $ 1,000.00      $ 1,055.80      $ 2.84      $ 1,000.00      $ 1,022.37      $ 2.80        0.55

Class R3

   $ 1,000.00      $ 1,052.20      $ 6.04      $ 1,000.00      $ 1,019.26      $ 5.94        1.17

Class R4

   $ 1,000.00      $ 1,054.00      $ 4.60      $ 1,000.00      $ 1,020.66      $ 4.52        0.89

Class R5

   $ 1,000.00      $ 1,055.10      $ 2.94      $ 1,000.00      $ 1,022.27      $ 2.90        0.57

Class Y

   $ 1,000.00      $ 1,055.70      $ 2.95      $ 1,000.00      $ 1,022.27      $ 2.90        0.57

Class F

   $ 1,000.00      $ 1,055.90      $ 2.38      $ 1,000.00      $ 1,022.82      $ 2.34        0.46

Hartford Municipal Income Fund

 

Class A

   $ 1,000.00      $ 1,060.20      $ 3.57      $ 1,000.00      $ 1,021.67      $ 3.51        0.69

Class C

   $ 1,000.00      $ 1,055.30      $ 7.44      $ 1,000.00      $ 1,017.90      $ 7.30        1.44

Class I

   $ 1,000.00      $ 1,060.60      $ 2.38      $ 1,000.00      $ 1,022.82      $ 2.34        0.46

Class F

   $ 1,000.00      $ 1,060.90      $ 2.02      $ 1,000.00      $ 1,023.18      $ 1.98        0.39

The Hartford Municipal Opportunities Fund

 

Class A

   $ 1,000.00      $ 1,058.10      $ 3.52      $ 1,000.00      $ 1,021.72      $ 3.46        0,68

Class C

   $ 1,000.00      $ 1,055.40      $ 7.39      $ 1,000.00      $ 1,017.95      $ 7.25        1.43

Class I

   $ 1,000.00      $ 1,060.60      $ 2.28      $ 1,000.00      $ 1,022.93      $ 2.24        0.44

Class Y

   $ 1,000.00      $ 1,060.60      $ 2.33      $ 1,000.00      $ 1,022.87      $ 2.29        0.45

Class F

   $ 1,000.00      $ 1,059.90      $ 1.92      $ 1,000.00      $ 1,023.28      $ 1.88        0.37

Hartford Municipal Short Duration Fund

 

Class A

   $ 1,000.00      $ 1,038.40      $ 3.54      $ 1,000.00      $ 1,021.67      $ 3.51        0.69

Class C

   $ 1,000.00      $ 1,035.60      $ 7.37      $ 1,000.00      $ 1,017.90      $ 7.30        1.44

Class I

   $ 1,000.00      $ 1,040.60      $ 2.36      $ 1,000.00      $ 1,022.82      $ 2.34        0.46

Class F

   $ 1,000.00      $ 1,041.00      $ 2.00      $ 1,000.00      $ 1,023.18      $ 1.98        0.39

The Hartford Short Duration Fund

 

Class A

   $ 1,000.00      $ 1,042.40      $ 4.11      $ 1,000.00      $ 1,021.12      $ 4.06        0.80

Class C

   $ 1,000.00      $ 1,038.50      $ 7.94      $ 1,000.00      $ 1,017.34      $ 7.86        1.55

Class I

   $ 1,000.00      $ 1,043.90      $ 2.67      $ 1,000.00      $ 1,022.52      $ 2.64        0.52

Class R3

   $ 1,000.00      $ 1,040.70      $ 5.90      $ 1,000.00      $ 1,019.36      $ 5.84        1.15

Class R4

   $ 1,000.00      $ 1,043.60      $ 4.06      $ 1,000.00      $ 1,021.17      $ 4.01        0.79

Class R5

   $ 1,000.00      $ 1,043.70      $ 2.98      $ 1,000.00      $ 1,022.22      $ 2.95        0.58

Class R6

   $ 1,000.00      $ 1,044.40      $ 2.36      $ 1,000.00      $ 1,022.82      $ 2.34        0.46

Class Y

   $ 1,000.00      $ 1,043.80      $ 2.98      $ 1,000.00      $ 1,022.22      $ 2.95        0.58

Class F

   $ 1,000.00      $ 1,044.30      $ 2.31      $ 1,000.00      $ 1,022.87      $ 2.29        0.45

The Hartford Strategic Income Fund

 

Class A

   $ 1,000.00      $ 1,110.10      $ 5.04      $ 1,000.00      $ 1,020.36      $ 4.82        0.95

Class C

   $ 1,000.00      $ 1,104.80      $ 8.94      $ 1,000.00      $ 1,016.64      $ 8.57        1.69

Class I

   $ 1,000.00      $ 1,110.20      $ 3.55      $ 1,000.00      $ 1,021.77      $ 3.40        0.67

Class R3

   $ 1,000.00      $ 1,107.30      $ 6.62      $ 1,000.00      $ 1,018.85      $ 6.34        1.25

Class R4

   $ 1,000.00      $ 1,109.00      $ 5.04      $ 1,000.00      $ 1,020.36      $ 4.82        0.95

Class R5

   $ 1,000.00      $ 1,110.80      $ 3.45      $ 1,000.00      $ 1,021.87      $ 3.30        0.65

Class R6

   $ 1,000.00      $ 1,112.40      $ 3.13      $ 1,000.00      $ 1,022.17      $ 3.00        0.59

Class Y

   $ 1,000.00      $ 1,111.10      $ 3.40      $ 1,000.00      $ 1,021.92      $ 3.25        0.64

Class F

   $ 1,000.00      $ 1,112.00      $ 3.08      $ 1,000.00      $ 1,022.22      $ 2.95        0.58

 

 

  43  

 


Hartford Fixed Income Funds

Expense Examples (Unaudited) – (continued)

 

 

 

     Actual Return      Hypothetical (5% return before expenses)  
      Beginning
Account Value
May 1, 2020
     Ending
Account Value
October 31, 2020
     Expenses paid
during the period
May 1, 2020
through
October 31, 2020
     Beginning
Account Value
May 1, 2020
     Ending
Account Value
October 31, 2020
     Expenses paid
during the period
May 1, 2020
through
October 31, 2020
     Annualized
expense
ratio
 

The Hartford Total Return Bond Fund

 

Class A

   $     1,000.00      $     1,039.80      $     3.64      $     1,000.00      $     1,021.50      $     3.61        0.71

Class C

   $ 1,000.00      $ 1,036.30      $ 7.63      $ 1,000.00      $ 1,017.65      $ 7.56        1.49

Class I

   $ 1,000.00      $ 1,042.40      $ 2.16      $ 1,000.00      $ 1,023.03      $ 2.14        0.42

Class R3

   $ 1,000.00      $ 1,038.20      $ 5.38      $ 1,000.00      $ 1,019.86      $ 5.33        1.05

Class R4

   $ 1,000.00      $ 1,040.00      $ 3.90      $ 1,000.00      $ 1,021.32      $ 3.86        0.76

Class R5

   $ 1,000.00      $ 1,041.70      $ 2.41      $ 1,000.00      $ 1,022.77      $ 2.39        0.47

Class R6

   $ 1,000.00      $ 1,042.50      $ 1.80      $ 1,000.00      $ 1,023.38      $ 1.78        0.35

Class Y

   $ 1,000.00      $ 1,042.10      $ 2.10      $ 1,000.00      $ 1,023.08      $ 2.08        0.41

Class F

   $ 1,000.00      $ 1,042.00      $ 1.75      $ 1,000.00      $ 1,023.43      $ 1.73        0.34

The Hartford World Bond Fund

 

Class A

   $ 1,000.00      $ 1,014.20      $ 5.21      $ 1,000.00      $ 1,019.96      $ 5.23        1.03

Class C

   $ 1,000.00      $ 1,010.80      $ 8.90      $ 1,000.00      $ 1,016.29      $ 8.92        1.76

Class I

   $ 1,000.00      $ 1,016.70      $ 3.75      $ 1,000.00      $ 1,021.42      $ 3.76        0.74

Class R3

   $ 1,000.00      $ 1,012.50      $ 6.93      $ 1,000.00      $ 1,018.25      $ 6.95        1.37

Class R4

   $ 1,000.00      $ 1,015.10      $ 5.57      $ 1,000.00      $ 1,019.61      $ 5.58        1.10

Class R5

   $ 1,000.00      $ 1,015.70      $ 3.85      $ 1,000.00      $ 1,021.32      $ 3.86        0.76

Class R6

   $ 1,000.00      $ 1,016.90      $ 3.30      $ 1,000.00      $ 1,021.87      $ 3.30        0.65

Class Y

   $ 1,000.00      $ 1,015.80      $ 3.75      $ 1,000.00      $ 1,021.42      $ 3.76        0.74

Class F

   $ 1,000.00      $ 1,017.00      $ 3.35      $ 1,000.00      $ 1,021.82      $ 3.35        0.66

 

(1) 

Effective September 1, 2020, the management fee set forth in the investment management agreement with respect to The Hartford High Yield Fund is as follows: 0.5000% of the first $1 billion, 0.4500% of the next $4 billion, 0.4400% of the next $5 billion, and 0.4350% in excess of $10 billion annually of the Fund’s average daily net assets. Had this investment management fee schedule been in effect during the entire period, the annualized expense ratio would have been 0.95%, 1.71%, 0.67%, 1.27%, 0.97%, 0.67%, 0.66% and 0.55% for Class A, Class C, Class I, Class R3, Class R4, Class R5, Class Y and Class F, respectively. The expenses paid in the actual and hypothetical examples would have been $5.04 and $4.82, $9.06 and $8.67, $3.56 and $3.41, $6.74 and $6.44, $5.15 and $4.93, $3.57 and $3.41, $3.50 and $3.35 and $2.92 and $2.80 for Class A, Class C, Class I, Class R3, Class R4, Class R5, Class Y and Class F, respectively.

 

 

  44  

 


The Hartford Emerging Markets Local Debt Fund

Schedule of Investments

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 29.8%      
          Argentina - 0.5%  
$     185,000    

Telecom Argentina S.A. 8.50%, 08/06/2025(1)

  $ 151,755  
   

YPF S.A.

 

    265,000    

6.95%, 07/21/2027(2)

    141,775  
    70,000    

8.50%, 03/23/2025(2)

    44,800  
     

 

 

 
        338,330  
     

 

 

 
          Azerbaijan - 0.4%  
    205,000    

State Oil Co. of the Azerbaijan Republic
6.95%, 03/18/2030(2)

    242,794  
     

 

 

 
          Bermuda - 0.4%  
    215,000    

Ooredoo International Finance Ltd.
3.25%, 02/21/2023(2)

    224,331  
     

 

 

 
          Brazil - 1.6%  
    270,000    

Banco do Brasil S.A.

4.75%, 03/20/2024, 5 year EUR Swap + 7.591%(1)

    286,878  
    305,000    

BRF S.A. 4.88%, 01/24/2030(1)

    305,463  
    200,000    

Centrais Eletricas Brasileiras S.A.
3.63%, 02/04/2025(1)

    199,902  
    255,000    

Itau Unibanco Holding S.A.
6.13%, 12/12/2022, (6.13% fixed rate until 12/12/2022; 5 year USD CMT + 3.981% thereafter)(1)(3)(4)

    245,310  
     

 

 

 
        1,037,553  
     

 

 

 
          British Virgin Islands - 1.3%  
    75,000    

Central American Bottling Corp.
5.75%, 01/31/2027(1)

    78,562  
    270,000    

Huarong Finance Co., Ltd.
4.50%, 01/24/2022, (4.50% fixed rate until 01/24/2022; 5 year USD CMT + 7.773% thereafter)(2)(3)(4)

    274,050  
    250,000    

Sinopec Group Overseas Development Ltd.
2.70%, 05/13/2030(1)

    260,160  
    200,000    

Yingde Gases Investment Ltd.
6.25%, 01/19/2023(2)

    205,989  
     

 

 

 
        818,761  
     

 

 

 
          Cayman Islands - 2.7%  
    265,000    

ADCB Finance Cayman Ltd.
4.00%, 03/29/2023(1)

    280,932  
    352,745    

Bioceanico Sovereign Certificate Ltd.
0.00%, 06/05/2034(1)(5)

    257,504  
    200,000    

Lamar Funding Ltd.
3.96%, 05/07/2025(2)

    182,601  
    253,648    

Sparc EM SPC Panama Metro
0.00%, 12/05/2022(2)(5)

    246,358  
    400,000    

Tencent Holdings Ltd.
2.39%, 06/03/2030(1)

    404,942  
    135,000    

Vale Overseas Ltd.
3.75%, 07/08/2030

    142,154  
    200,000    

Wynn Macau Ltd.
5.50%, 01/15/2026(2)

    194,100  
     

 

 

 
        1,708,591  
     

 

 

 
          Chile - 1.4%  
   

Embotelladora Andina S.A.

 

    150,000    

3.95%, 01/21/2050(2)

    159,189  
    200,000    

5.00%, 10/01/2023(2)

    218,966  
    250,000    

Empresa Nacional de Telecomunicaciones S.A. 4.75%, 08/01/2026(2)

    276,231  
    200,000    

Engie Energia Chile S.A.
4.50%, 01/29/2025(2)

    220,086  
     

 

 

 
        874,472  
     

 

 

 
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 29.8% - (continued)      
          China - 0.4%  
$     225,000    

Industrial & Commercial Bank of China Ltd. 4.88%, 09/21/2025(1)

  $ 253,107  
     

 

 

 
      Colombia - 1.2%  
    200,000    

Bancolombia S.A. 3.00%, 01/29/2025

    201,924  
    250,000    

Ecopetrol S.A. 6.88%, 04/29/2030

    300,600  
    225,000    

Transportadora de Gas Internacional S.A. ESP 5.55%, 11/01/2028(1)

    258,640  
     

 

 

 
    761,164  
     

 

 

 
      Hong Kong - 0.4%  
    275,000    

CMB Wing Lung Bank Ltd.
3.75%, 11/22/2027, (3.75% fixed rate until 11/22/2022; 5 year USD CMT + 1.750% thereafter)(2)(4)

    280,978  
     

 

 

 
      India - 0.5%  
    285,000    

Bharti Airtel Ltd. 4.38%, 06/10/2025(2)

    302,111  
     

 

 

 
      Indonesia - 0.7%  
    285,000    

Tower Bersama Infrastructure Tbk PT
4.25%, 01/21/2025(2)

    286,351  
IDR     2,040,000,000    

Wijaya Karya Persero Tbk PT
7.70%, 01/31/2021(1)

    133,928  
     

 

 

 
    420,279  
     

 

 

 
      Ireland - 0.6%  
$     200,000    

Borets Finance DAC 6.00%, 09/17/2026(1)

    200,700  
    200,000    

PJSC Koks via IMH Capital DAC
5.90%, 09/23/2025(1)

    205,000  
     

 

 

 
    405,700  
     

 

 

 
      Israel - 0.9%  
    165,000    

Delek & Avner Tamar Bond Ltd.
5.08%, 12/30/2023(1)

    169,498  
    200,000    

Israel Electric Corp. Ltd. 4.25%, 08/14/2028(1)(2)

    229,000  
 

Leviathan Bond Ltd.

 

    50,000    

6.50%, 06/30/2027(1)(2)

    51,500  
    105,000    

6.75%, 06/30/2030(1)(2)

    107,762  
     

 

 

 
    557,760  
     

 

 

 
      Jersey - 0.3%  
    200,000    

Galaxy Pipeline Assets Bidco Ltd.
2.63%, 03/31/2036(1)

    198,498  
     

 

 

 
      Luxembourg - 1.8%  
    200,000    

Kernel Holding S.A. 6.50%, 10/17/2024(1)

    200,800  
    200,000    

Millicom International Cellular S.A.
5.13%, 01/15/2028(1)

    210,000  
    255,000    

Rede D’or Finance S.a.r.l. 4.50%, 01/22/2030(2)

    250,856  
    200,000    

Rumo Luxembourg S.a.r.l. 5.25%, 01/10/2028(1)

    209,500  
    235,000    

VTB Bank OJSC Via VTB Capital S.A.
6.95%, 10/17/2022(2)

    248,228  
     

 

 

 
    1,119,384  
     

 

 

 
      Mexico - 1.7%  
    205,000    

Infraestructura Energetica Nova S.A.B. de C.V. 3.75%, 01/14/2028(2)

    203,719  
    200,000    

Operadora de Servicios Mega S.A. de C.V. 8.25%, 02/11/2025(1)

    185,040  
 

Petroleos Mexicanos

 

    80,000    

6.35%, 02/12/2048

    61,100  
    185,000    

6.38%, 01/23/2045

    140,208  
    30,000    

6.50%, 06/02/2041

    23,220  
    10,000    

6.75%, 09/21/2047

    7,763  
    270,000    

7.69%, 01/23/2050

    224,351  
    200,000    

Trust Fibra Uno 6.39%, 01/15/2050(2)

    207,750  
     

 

 

 
    1,053,151  
     

 

 

 
 

 

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

 

 

  45  

 


The Hartford Emerging Markets Local Debt Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 29.8% - (continued)      
      Morocco - 0.5%  
$     275,000    

OCP S.A. 4.50%, 10/22/2025(2)

  $ 290,778  
     

 

 

 
      Netherlands - 5.4%  
    200,000    

Embraer Netherlands Finance B.V.
6.95%, 01/17/2028(1)

    201,400  
    250,000    

Greenko Dutch B.V. 5.25%, 07/24/2024(2)

    256,495  
    240,000    

ICTSI Treasury B.V. 5.88%, 09/17/2025(2)

    268,061  
    200,000    

Lukoil Securities B.V.
3.88%, 05/06/2030(1)

    212,020  
 

Metinvest B.V.

 

    200,000    

7.65%, 10/01/2027(1)

    194,316  
    200,000    

7.75%, 04/23/2023(1)

    204,000  
    270,000    

Minejesa Capital B.V.
5.63%, 08/10/2037(2)

    279,450  
    250,000    

Mong Duong Finance Holdings B.V.
5.13%, 05/07/2029(1)

    254,522  
 

Petrobras Global Finance B.V.

 

    80,000    

5.60%, 01/03/2031

    86,348  
    40,000    

6.75%, 06/03/2050

    43,893  
    35,000    

6.88%, 01/20/2040

    39,428  
    70,000    

6.90%, 03/19/2049

    79,215  
    330,000    

Prosus N.V. 5.50%, 07/21/2025(2)

    378,613  
    200,000    

Syngenta Finance N.V.
5.18%, 04/24/2028(2)

    218,691  
    315,000    

Teva Pharmaceutical Finance Netherlands B.V. 3.15%, 10/01/2026

    277,200  
    385,000    

VEON Holdings B.V. 4.00%, 04/09/2025(1)

    401,601  
     

 

 

 
    3,395,253  
     

 

 

 
      Panama - 0.3%  
    199,116    

Aeropuerto Internacional de Tocumen S.A.
6.00%, 11/18/2048(1)

    221,797  
     

 

 

 
      Peru - 1.7%  
 

Banco de Credito del Peru

 

    225,000    

2.70%, 01/11/2025(1)

    233,168  
    125,000    

3.13%, 07/01/2030, (3.13% fixed rate until 07/01/2025; 5 year USD CMT + 3.000% thereafter)(1)(4)

    126,376  
    295,000    

Kallpa Generacion S.A.
4.13%, 08/16/2027(1)

    310,488  
    270,000    

SAN Miguel Industrias Pet S.A.
4.50%, 09/18/2022(1)

    272,438  
PEN     500,000    

Telefonica del Peru SAA
7.38%, 04/10/2027(1)

    139,676  
     

 

 

 
    1,082,146  
     

 

 

 
      Saudi Arabia - 0.3%  
$     200,000    

Arabian Centres Sukuk Ltd.
5.38%, 11/26/2024(1)

    185,900  
     

 

 

 
      Singapore - 1.8%  
    205,000    

BOC Aviation Ltd. 3.88%, 04/27/2026(1)

    220,871  
    190,000    

Flex Ltd. 4.88%, 05/12/2030

    219,771  
    200,000    

Jollibee Worldwide Pte Ltd.
4.75%, 06/24/2030(2)

    199,078  
    270,000    

United Overseas Bank Ltd.
2.88%, 03/08/2027, (2.88% fixed rate until 03/08/2022; 5 year USD Swap + 1.654% thereafter)(2)(4)

    274,852  
    200,000    

Vena Energy Capital Pte Ltd.
3.13%, 02/26/2025(2)

    198,130  
     

 

 

 
    1,112,702  
     

 

 

 
      South Africa - 0.3%  
    225,000    

Eskom Holdings SOC Ltd. 6.75%, 08/06/2023(2)

    213,019  
     

 

 

 
      South Korea - 1.2%  
    365,000    

Shinhan Bank Co., Ltd.

3.75%, 09/20/2027(1)

    394,258  
    320,000    

Woori Bank 5.13%, 08/06/2028(1)

    375,802  
     

 

 

 
    770,060  
     

 

 

 
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 29.8% - (continued)      
      Thailand - 0.3%  
$     200,000    

Bangkok Bank PCL
3.73%, 09/25/2034, (3.73% fixed rate until 09/25/2029; 5 year USD CMT + 1.900% thereafter)(2)(4)

  $ 196,180  
     

 

 

 
      United Arab Emirates - 1.2%  
    200,000    

Acwa Power Management And Investments One Ltd. 5.95%, 12/15/2039(2)

    229,000  
    220,000    

Emirates SembCorp Water and Power Co. PJSC 4.45%, 08/01/2035(1)

    254,650  
    225,000    

Tabreed Sukuk Spc Ltd.
5.50%, 10/31/2025(2)

    260,800  
     

 

 

 
    744,450  
     

 

 

 
 

Total Corporate Bonds
(cost $18,198,979)

  $ 18,809,249  
     

 

 

 
FOREIGN GOVERNMENT OBLIGATIONS - 66.4%  
      Argentina - 1.5%  
ARS     4,895,421    

Argentina Treasury Bond
1.20%, 03/18/2022(6)

  $ 57,553  
 

Argentine Bonos del Tesoro

 

    5,840,763    

15.50%, 10/17/2026(7)

    26,151  
    8,645,000    

16.00%, 10/17/2023(7)

    53,262  
    127,125    

18.20%, 10/03/2021(7)

    1,217  
 

Argentine Republic Government International Bond

 
$     379,604    

0.13%, 07/09/2030(8)

    139,315  
    1,311,855    

0.13%, 07/09/2035(8)

    428,976  
    73,605    

1.00%, 07/09/2029

    30,178  
 

Autonomous City of Buenos Aires Argentina

 

    91,800    

8.95%, 02/19/2021(2)

    84,457  
ARS     3,970,000    

34.12%, 03/29/2024, BADLAR + 3.250%(9)

    45,140  
$     185,000    

Provincia de Cordoba
7.13%, 08/01/2027(2)

    89,727  
     

 

 

 
    955,976  
     

 

 

 
      Brazil - 1.4%  
 

Brazil Notas do Tesouro Nacional

 

BRL     16,000    

10.00%, 01/01/2025

    3,122  
    3,285,000    

10.00%, 01/01/2027

    644,901  
    785,000    

10.00%, 01/01/2029

    155,242  
    496,000    

10.00%, 01/01/2031

    98,594  
     

 

 

 
    901,859  
     

 

 

 
      Chile - 0.8%  
 

Bonos de la Tesoreria de la Republica en pesos

 

CLP     90,000,000    

4.70%, 09/01/2030(1)(2)

    136,869  
    165,000,000    

5.00%, 03/01/2035

    255,743  
    70,000,000    

6.00%, 01/01/2043

    124,822  
     

 

 

 
    517,434  
     

 

 

 
      China - 5.8%  
CNY     4,650,000    

China Development Bank
3.09%, 06/18/2030

    655,611  
 

China Government Bond

 

    1,770,000    

1.99%, 04/09/2025

    252,809  
    10,100,000    

2.68%, 05/21/2030

    1,445,735  
    2,910,000    

2.85%, 06/04/2027

    423,988  
    3,790,000    

3.13%, 11/21/2029

    561,274  
    2,160,000    

3.29%, 05/23/2029

    323,886  
     

 

 

 
    3,663,303  
     

 

 

 
      Colombia - 5.8%  
 

Colombian TES

 

COP     877,000,000    

5.75%, 11/03/2027

    233,542  
    1,916,200,000    

6.00%, 04/28/2028

    516,788  
    3,688,600,000    

7.00%, 06/30/2032

    1,014,669  
    2,874,900,000    

7.25%, 10/18/2034

    797,795  
    2,067,700,000    

7.25%, 10/26/2050

    547,408  
    353,400,000    

7.50%, 08/26/2026

    104,422  
    421,800,000    

7.75%, 09/18/2030

    124,562  
    1,100,500,000    

10.00%, 07/24/2024

    346,201  
     

 

 

 
    3,685,387  
     

 

 

 
 

 

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

 

 

  46  

 


The Hartford Emerging Markets Local Debt Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
FOREIGN GOVERNMENT OBLIGATIONS - 66.4% - (continued)  
      Croatia - 0.7%  
EUR     320,000    

Croatia Government International Bond
3.00%, 03/20/2027(2)

  $ 427,018  
     

 

 

 
      Czech Republic - 3.0%  
 

Czech Republic Government Bond

 

CZK     7,380,000    

0.95%, 05/15/2030(2)

    313,693  
    3,200,000    

1.20%, 03/13/2031

    138,497  
    17,420,000    

2.50%, 08/25/2028(2)

    836,358  
    12,150,000    

2.75%, 07/23/2029

    599,280  
     

 

 

 
    1,887,828  
     

 

 

 
      Ecuador - 0.1%  
$     99,060    

Ecuador Government International Bond 0.50%, 07/31/2035(1)(8)

    54,112  
     

 

 

 
      Egypt - 0.3%  
    205,000    

Egypt Government International Bond 8.88%, 05/29/2050(1)

    206,907  
     

 

 

 
      Honduras - 0.3%  
    150,000    

Honduras Government International Bond
5.63%, 06/24/2030(1)

    165,375  
     

 

 

 
      Hungary - 2.7%  
 

Hungary Government Bond

 

EUR     595,000    

1.63%, 04/28/2032(2)

    742,860  
HUF     28,280,000    

2.75%, 12/22/2026

    94,964  
    62,360,000    

3.00%, 10/27/2027

    213,414  
    101,830,000    

3.00%, 08/21/2030

    345,833  
    45,350,000    

3.00%, 10/27/2038

    153,913  
    30,080,000    

3.25%, 10/22/2031

    104,151  
    18,660,000    

6.75%, 10/22/2028

    80,344  
     

 

 

 
    1,735,479  
     

 

 

 
      Indonesia - 4.5%  
 

Indonesia Treasury Bond

 

IDR     591,000,000    

6.50%, 02/15/2031

    40,116  
    432,000,000    

6.63%, 05/15/2033

    28,366  
    1,371,000,000    

7.00%, 05/15/2027

    96,856  
    1,116,000,000    

7.00%, 09/15/2030

    78,482  
    3,465,000,000    

7.50%, 08/15/2032

    242,017  
    11,667,000,000    

7.50%, 06/15/2035

    821,676  
    4,915,000,000    

7.50%, 05/15/2038

    338,622  
    510,000,000    

8.25%, 05/15/2029

    38,307  
    3,748,000,000    

8.25%, 06/15/2032

    274,776  
    3,608,000,000    

8.25%, 05/15/2036

    264,143  
    2,309,000,000    

8.38%, 03/15/2034

    171,300  
    2,251,000,000    

8.38%, 04/15/2039

    166,274  
    2,313,000,000    

8.75%, 05/15/2031

    177,480  
    1,258,000,000    

8.75%, 02/15/2044

    95,178  
     

 

 

 
    2,833,593  
     

 

 

 
      Macedonia - 0.2%  
EUR     110,000    

North Macedonia Government International Bond 3.68%, 06/03/2026(1)

    139,241  
     

 

 

 
      Malaysia - 6.2%  
 

Malaysia Government Bond

 

MYR     1,725,000    

3.48%, 06/14/2024

    437,773  
    155,000    

3.76%, 04/20/2023

    39,068  
    1,035,000    

3.83%, 07/05/2034

    268,599  
    1,050,000    

3.89%, 08/15/2029

    277,011  
    255,000    

3.90%, 11/16/2027

    67,086  
    480,000    

3.91%, 07/15/2026

    125,827  
    810,000    

3.96%, 09/15/2025

    211,968  
    7,650,000    

4.05%, 09/30/2021

    1,882,716  
    160,000    

4.64%, 11/07/2033

    44,871  
    320,000    

4.76%, 04/07/2037

    89,791  
Shares or Principal Amount   Market Value  
FOREIGN GOVERNMENT OBLIGATIONS - 66.4% - (continued)  
      Malaysia - 6.2% - (continued)  
 

Malaysia Government Investment Issue

 

MYR     700,000    

3.66%, 10/15/2024

  $ 179,136  
    455,000    

3.73%, 03/31/2026

    118,095  
    35,000    

4.13%, 08/15/2025

    9,177  
    340,000    

4.13%, 07/09/2029

    90,562  
    215,000    

4.72%, 06/15/2033

    59,759  
     

 

 

 
    3,901,439  
     

 

 

 
      Mexico - 4.6%  
 

Mexican Bonos

 

MXN     5,908,000    

5.75%, 03/05/2026

    283,377  
    7,478,100    

7.75%, 11/13/2042

    377,704  
    3,787,400    

8.00%, 11/07/2047

    194,329  
    16,218,400    

8.50%, 11/18/2038

    887,606  
    1,539,600    

10.00%, 11/20/2036

    94,942  
 

Mexico Cetes

 

    9,838,830    

0.00%, 04/22/2021(5)

    452,533  
    10,471,640    

0.00%, 10/06/2022(5)

    451,770  
$     146,000    

Mexico Government International Bond
4.75%, 03/08/2044

    161,332  
     

 

 

 
    2,903,593  
     

 

 

 
      Peru - 2.2%  
 

Peru Government Bond

 

PEN     925,000    

5.40%, 08/12/2034

    269,315  
    1,180,000    

5.94%, 02/12/2029

    389,346  
    715,000    

6.15%, 08/12/2032

    227,905  
    1,045,000    

6.90%, 08/12/2037

    341,757  
    500,000    

8.20%, 08/12/2026

    185,906  
     

 

 

 
    1,414,229  
     

 

 

 
      Poland - 1.9%  
 

Republic of Poland Government Bond

 

PLN     2,545,000    

2.50%, 07/25/2026

    710,346  
    1,635,000    

3.25%, 07/25/2025

    468,250  
     

 

 

 
    1,178,596  
     

 

 

 
      Romania - 3.1%  
 

Romania Government Bond

 

RON     1,575,000    

3.65%, 09/24/2031

    381,319  
    1,880,000    

4.15%, 01/26/2028

    474,443  
    1,450,000    

4.75%, 02/24/2025

    370,387  
    1,155,000    

4.85%, 04/22/2026

    299,349  
    60,000    

5.00%, 02/12/2029

    16,160  
   

Romanian Government International Bond

 
EUR     115,000    

2.00%, 01/28/2032(2)

    133,929  
    100,000    

2.88%, 03/11/2029(2)

    128,097  
    115,000    

3.62%, 05/26/2030(1)

    153,543  
     

 

 

 
        1,957,227  
     

 

 

 
          Russia - 6.6%  
   

Russian Federal Bond - OFZ

 
RUB     15,930,000    

6.00%, 10/06/2027

    203,068  
    23,995,000    

6.90%, 05/23/2029

    320,921  
    11,460,000    

7.00%, 08/16/2023

    152,157  
    35,570,000    

7.05%, 01/19/2028

    480,880  
    19,730,000    

7.15%, 11/12/2025

    266,815  
    10,230,000    

7.40%, 07/17/2024

    138,456  
    72,130,000    

7.65%, 04/10/2030

    1,008,991  
    3,975,000    

7.75%, 09/16/2026

    55,590  
    46,800,000    

7.95%, 10/07/2026

    660,816  
    35,770,000    

8.15%, 02/03/2027

    509,996  
    23,680,000    

8.50%, 09/17/2031

    349,965  
     

 

 

 
        4,147,655  
     

 

 

 
 

 

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

 

 

  47  

 


The Hartford Emerging Markets Local Debt Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
FOREIGN GOVERNMENT OBLIGATIONS - 66.4% - (continued)  
          Serbia - 1.2%      
EUR     585,000    

Serbia International Bond
3.13%, 05/15/2027(1)

  $ 740,302  
     

 

 

 
          South Africa - 3.9%      
   

Republic of South Africa Government Bond

 
ZAR     3,800,000    

6.25%, 03/31/2036

    153,103  
    8,101,770    

6.50%, 02/28/2041

    304,879  
    1,825,000    

7.00%, 02/28/2031

    91,778  
    6,995,000    

8.00%, 01/31/2030

    395,263  
    9,050,000    

8.25%, 03/31/2032

    477,537  
    450,000    

8.50%, 01/31/2037

    21,657  
    2,805,000    

8.75%, 01/31/2044

    131,287  
    3,210,000    

8.88%, 02/28/2035

    164,896  
    9,394,000    

9.00%, 01/31/2040

    460,942  
    3,325,000    

10.50%, 12/21/2026

    237,539  
     

 

 

 
        2,438,881  
     

 

 

 
          Supranational - 3.4%      
   

Asian Development Bank

 
    20,300,000    

0.00%, 04/30/2040(5)

    203,094  
IDR     4,580,000,000    

7.80%, 03/15/2034

    358,173  
   

European Bank for Reconstruction & Development

 
MXN     24,000,000    

0.00%, 11/10/2030(5)

    605,592  
IDR     5,800,000,000    

5.60%, 01/30/2025

    399,516  
    962,700,000    

6.45%, 12/13/2022

    67,465  
TRY     1,730,000    

International Bank for Reconstruction & Development 11.00%, 08/25/2022

    185,304  
MXN     26,100,000    

International Finance Corp.
0.00%, 02/22/2038(5)

    357,450  
     

 

 

 
        2,176,594  
     

 

 

 
          Thailand - 5.3%      
   

Thailand Government Bond

 
THB     5,648,188    

1.20%, 07/14/2021(2)(6)

    180,615  
    9,243,604    

1.25%, 03/12/2028(2)(6)

    287,910  
    7,352,000    

1.60%, 12/17/2029

    240,504  
    3,095,000    

1.60%, 06/17/2035

    98,975  
    16,830,000    

2.88%, 12/17/2028

    606,220  
    695,000    

3.30%, 06/17/2038

    26,970  
    5,540,000    

3.40%, 06/17/2036

    219,551  
    7,280,000    

3.65%, 06/20/2031

    283,901  
    19,370,000    

3.78%, 06/25/2032

    770,244  
    16,100,000    

3.85%, 12/12/2025

    592,270  
    1,770,000    

4.88%, 06/22/2029

    72,768  
     

 

 

 
        3,379,928  
     

 

 

 
          Uruguay - 0.9%      
   

Uruguay Government International Bond

 
UYU     5,044,628    

3.88%, 07/02/2040(6)

    134,445  
    18,055,000    

8.50%, 03/15/2028(2)

    439,941  
     

 

 

 
        574,386  
     

 

 

 
   

Total Foreign Government Obligations
(cost $43,705,748)

  $ 41,986,342  
     

 

 

 
   

Total Long-Term Investments
(cost $61,904,727)

  $ 60,795,591  
     

 

 

 
Shares or Principal Amount   Market Value  
SHORT-TERM INVESTMENTS - 2.5%      
          Repurchase Agreements - 2.5%      
    1,606,303    

Fixed Income Clearing Corp. Repurchase Agreement dated 10/30/2020 at 0.060%, due on 11/02/2020 with a maturity value of $1,606,311; collateralized by U.S. Treasury Note at 2.875%, maturing 05/15/2028, with a market value of $1,638,491

  $ 1,606,303  
     

 

 

 
   

Total Short-Term Investments
(cost $1,606,303)

  $ 1,606,303  
     

 

 

 
                         

 

                                 
   

Total Investments Excluding
Purchased Options
(cost $63,511,030)

    98.7    $ 62,401,894  
   

Total Purchased Options
(cost $167,329)

    0.3    $ 137,742  
     

 

 

    

 

 

 
   

Total Investments
(cost $63,678,359)

    99.0    $ 62,539,636  
   

Other Assets and Liabilities

    1.0      653,186  
     

 

 

    

 

 

 
   

Total Net Assets

    100.0    $     63,192,822  
     

 

 

    

 

 

 

 

Note:

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

 

    

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

 

    

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

    

See “Glossary” for abbreviation descriptions.

 

(1) 

Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions that are exempt from registration (typically only to qualified institutional buyers) or in a public offering registered under the Securities Act of 1933. At October 31, 2020, the aggregate value of these securities was $10,884,013, representing 17.2% of net assets.

 

(2) 

Security is exempt from registration under Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. At October 31, 2020, the aggregate value of these securities was $11,864,146, representing 18.8% of net assets.

 

(3) 

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

 

(4) 

Fixed to variable rate investment. The rate shown reflects the fixed rate in effect at October 31, 2020. Rate will reset at a future date. Base lending rates may be subject to a floor or cap.

 

(5) 

Security is a zero-coupon bond.

 

(6) 

The principal amount for these securities are adjusted for inflation and the interest payments equal a fixed percentage of the inflation-adjusted principal amount.

 

(7) 

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

 

(8) 

Security is a “step-up” bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate.

 

(9) 

Variable rate security; the rate reported is the coupon rate in effect at October 31, 2020. Base lending rates may be subject to a floor or cap.

 

 

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

 

 

  48  

 


The Hartford Emerging Markets Local Debt Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

OTC Option Contracts Outstanding at October 31, 2020  

Description

  

Counter-
party

  

Exercise Price/
FX Rate/Rate

   Expiration
Date
     Number of
Contracts
   

Notional
Amount

    Market
Value
    Premiums
Paid
(Received)
by Fund
    Unrealized
Appreciation/
(Depreciation)
 
Purchased option contracts:  
Calls  

USD Call/CAD Put

   BNP    1.33 USD      01/07/2021        1,013,000     USD     1,013,000     $ 15,377     $ 13,574     $ 1,803  

USD Call/CNH Put

   MSC    7.06 USD      02/09/2021        721,000     USD     721,000       3,057       12,827       (9,770

USD Call/CNH Put

   CBK    7.03 USD      02/08/2021        1,461,000     USD     1,461,000       6,770       25,538       (18,768

USD Call/RUB Put

   CBK    80.63 USD      11/27/2020        708,000     USD     708,000       11,320       9,884       1,436  

USD Call/RUB Put

   GSC    81.45 USD      02/10/2021        724,000     USD     724,000       21,963       13,184       8,779  

USD Call/ZAR Put

   CBK    16.87 USD      01/25/2021        747,000     USD     747,000       17,364       33,839       (16,475
                 

 

 

   

 

 

   

 

 

 

Total Calls

 

  $ 75,851     $ 108,846     $ (32,995
                 

 

 

   

 

 

   

 

 

 
Puts  

USD Put/BRL Call

   BNP    5.28 USD      12/30/2020        1,337,000     USD     1,337,000     $ 5,912     $ 20,590     $ (14,678

USD Put/BRL Call

   MSC    4.64 USD      01/07/2021        1,139,000     USD     1,139,000       171       6,538       (6,367

USD Put/MXN Call

   MSC    21.37 USD      01/21/2021        1,111,000     USD     1,111,000       36,160       15,010       21,150  

USD Put/MXN Call

   MSC    20.26 USD      01/21/2021        1,111,000     USD     1,111,000       12,156       4,766       7,390  

USD Put/RUB Call

   CBK    74.68 USD      01/18/2021        1,010,000     USD     1,010,000       7,492       11,579       (4,087
                 

 

 

   

 

 

   

 

 

 

Total Puts

 

  $ 61,891     $ 58,483     $ 3,408  
                 

 

 

   

 

 

   

 

 

 

Total purchased OTC option contracts

 

  $     137,742     $     167,329     $     (29,587
                 

 

 

   

 

 

   

 

 

 
Written option contracts:  
Calls  

USD Call/CAD Put

   BNP    1.36 USD      01/07/2021        (1,013,000   USD     (1,013,000   $ (6,217   $ (5,389   $ (828

USD Call/CNH Put

   CBK    7.27 USD      02/08/2021        (2,921,000   USD     (2,921,000     (5,877     (22,127     16,250  

USD Call/CNH Put

   MSC    7.31 USD      02/09/2021        (721,000   USD     (721,000     (1,355     (5,563     4,208  

USD Call/ZAR Put

   CBK    18.39 USD      01/25/2021        (747,000   USD     (747,000     (5,221     (14,947     9,726  
                 

 

 

   

 

 

   

 

 

 

Total Calls

 

  $ (18,670   $ (48,026   $ 29,356  
                 

 

 

   

 

 

   

 

 

 
Written option contracts:  
Puts  

USD Put/BRL Call

   BNP    5.67 USD      12/30/2020        (1,337,000   USD     (1,337,000   $ (32,512   $ (59,497   $ 26,985  

USD Put/BRL Call

   JPM    5.30 USD      02/04/2021        (727,000   USD     (727,000     (6,133     (38,133     32,000  

USD Put/BRL Call

   GSC    4.97 USD      01/07/2021        (1,139,000   USD     (1,139,000     (1,129     (19,686     18,557  

USD Put/CLP Call

   BOA    738.60 USD      12/04/2020        (1,176,000   USD     (1,176,000     (2,947     (14,381     11,434  

USD Put/CLP Call

   MSC    735.70 USD      02/25/2021        (1,063,000   USD     (1,063,000     (9,311     (12,724     3,413  

USD Put/CNH Call

   BNP    6.56 USD      01/25/2021        (966,000   USD     (966,000     (3,703     (4,617     914  

USD Put/MXN Call

   GSC    21.22 USD      11/24/2020        (710,000   USD     (710,000     (14,672     (7,182     (7,490

USD Put/MXN Call

   MSC    22.75 USD      01/21/2021        (1,111,000   USD     (1,111,000     (85,831     (45,462     (40,369

USD Put/RUB Call

   CBK    72.20 USD      11/27/2020        (708,000   USD     (708,000     (437     (7,399     6,962  

USD Put/RUB Call

   CBK    78.71 USD      01/18/2021        (1,010,000   USD     (1,010,000     (23,997     (34,032     10,035  

USD Put/RUB Call

   GSC    70.53 USD      02/10/2021        (724,000   USD     (724,000     (2,146     (10,017     7,871  
                 

 

 

   

 

 

   

 

 

 

Total Puts

 

  $ (182,818   $ (253,130   $ 70,312  
                 

 

 

   

 

 

   

 

 

 

Total written OTC option contracts

 

  $     (201,488   $     (301,156   $   99,668  
                 

 

 

   

 

 

   

 

 

 

 

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

 

 

  49  

 


The Hartford Emerging Markets Local Debt Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Futures Contracts Outstanding at October 31, 2020  

Description

   Number of
Contracts
     Expiration
Date
     Current
Notional
Amount
     Value and
Unrealized
Appreciation/
(Depreciation)
 
Long position contracts:  

U.S. Treasury 2-Year Note Future

     5        12/31/2020      $ 1,104,219      $ (103

U.S. Treasury 5-Year Note Future

     32        12/31/2020        4,019,250        (6,668

U.S. Treasury Long Bond Future

     1        12/21/2020        172,469        (3,752

U.S. Treasury Ultra Bond Future

     1        12/21/2020        215,000        (564
           

 

 

 

Total

 

   $ (11,087
           

 

 

 
Short position contracts:  

Euro-BOBL Future

     2        12/08/2020      $ 316,482      $ (1,656

Euro-BUND Future

     10        12/08/2020            2,051,531        (23,653

U.S. Treasury 10-Year Note Future

     36        12/21/2020        4,975,875        24,892  

U.S. Treasury 10-Year Ultra Future

     6        12/21/2020        943,688        8,826  
           

 

 

 

Total

 

   $ 8,409  
           

 

 

 

Total futures contracts

 

   $     (2,678
           

 

 

 

 

OTC Interest Rate Swap Contracts Outstanding at October 31, 2020  

Counterparty

 

Payments made
by Fund

 

Payments received
by Fund

   Notional
Amount
     Expiration
Date
     Periodic
Payment
Frequency
     Upfront
Premiums
Paid
     Upfront
Premiums
Received
     Value     Unrealized
Appreciation/
(Depreciation)
 

BCLY

  BZDIOVRA   5.26% Fixed      BRL       1,921,577        01/02/2024        At Maturity      $      $      $ (5,548   $ (5,548

BOA

  6 Mo. THBFIX   1.18% Fixed      THB       3,485,000        12/16/2030        Semi-Annual                      858       858  

BOA

  0.57% Fixed  

CLICP Camara Promedio A

     CLP       4,654,725,000        12/16/2021        At Maturity                      (5,625     (5,625

GSC

  0.85% Fixed   6 Mo. THBFIX      THB       26,250,000        12/16/2025        Semi-Annual                      (4,494     (4,494

GSC

  BZDIOVRA   5.48% Fixed      BRL       491,485        01/02/2024        At Maturity                      (869     (869

GSC

  BZDIOVRA   5.58% Fixed      BRL       6,738,095        01/02/2024        At Maturity                      (9,956     (9,956

GSC

  BZDIOVRA   6.50% Fixed      BRL       1,469,266        01/02/2025        At Maturity                      (913     (913

GSC

  BZDIOVRA   5.83% Fixed      BRL       744,120        01/02/2025        At Maturity                      (1,643     (1,643

GSC

  BZDIOVRA   5.29% Fixed      BRL       2,506,293        01/03/2022        At Maturity                      16,701       16,701  

GSC

  1.47% Fixed  

CLICP Camara Promedio A

     CLP       2,125,070,000        12/16/2025        Semi-Annual                      (16,046     (16,046

GSC

  1.48% Fixed  

CLICP Camara Promedio A

     CLP       744,020,000        12/16/2025        Semi-Annual                      (6,069     (6,069

GSC

  1.49% Fixed  

CLICP Camara Promedio A

     CLP       1,487,915,000        12/16/2025        Semi-Annual                      (12,896     (12,896

GSC

 

CLICP Camara Promedio A

  0.67% Fixed      CLP       2,536,645,000        12/16/2022        Semi-Annual                      2,267       2,267  

GSC

 

CLICP Camara Promedio A

  0.69% Fixed      CLP       1,776,095,000        12/16/2022        Semi-Annual                      2,234       2,234  

GSC

 

CLICP Camara Promedio A

  0.68% Fixed      CLP       888,120,000        12/16/2022        Semi-Annual                      979       979  

GSC

 

CLICP Camara Promedio A

  2.41% Fixed      CLP       484,230,000        12/16/2030        Semi-Annual                      906       906  

GSC

 

CLICP Camara Promedio A

  2.41% Fixed      CLP       242,135,000        12/16/2030        Semi-Annual                      468       468  

GSC

 

CLICP Camara Promedio A

  2.38% Fixed      CLP       652,235,000        12/16/2030        Semi-Annual                      (765     (765

MSC

  4.53% Fixed  

3 Mo. Banco Central De La Republica

     COP       7,368,355,000        12/16/2030        Quarterly            —            —        (26,294     (26,294

MSC

 

7 Day CNY Repo Rate

 

2.80% Fixed

     CNY       1,540,000        12/16/2025        Quarterly                      2,094       2,094  

MSC

 

6.99% Fixed

 

BZDIOVRA

     BRL       492,594        01/04/2021        At Maturity                      (4,010     (4,010

MSC

 

7.50% Fixed

 

BZDIOVRA

     BRL       1,482,952        01/02/2029        At Maturity                      (658     (658

MSC

 

BZDIOVRA

 

5.32% Fixed

     BRL       2,504,932        01/03/2022        At Maturity                      16,913       16,913  

MSC

 

BZDIOVRA

 

7.04% Fixed

     BRL       436,864        07/03/2023        At Maturity                      5,092       5,092  

MSC

 

BZDIOVRA

 

8.40% Fixed

     BRL       643,408        01/02/2025        At Maturity                      8,840       8,840  

MSC

 

1.48% Fixed

 

CLICP Camara Promedio A

     CLP       2,157,205,000        12/16/2025        Semi-Annual                      (16,880     (16,880

MSC

 

CLICP Camara Promedio A

 

0.68% Fixed

     CLP       1,795,080,000        12/16/2022        Semi-Annual                      1,810       1,810  

MSC

 

CLICP Camara Promedio A

 

2.39% Fixed

     CLP       1,074,715,000        12/16/2030        Semi-Annual                      (401     (401
                 

 

 

    

 

 

    

 

 

   

 

 

 

Total OTC interest rate swap contracts

 

         $     —      $     —      $     (53,905   $     (53,905
                 

 

 

    

 

 

    

 

 

   

 

 

 

 

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

 

 

  50  

 


The Hartford Emerging Markets Local Debt Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Centrally Cleared Interest Rate Swap Contracts Outstanding at October 31, 2020  

Payments made

by Fund

  

Payments received

by Fund

  

Notional

Amount

     Expiration
Date
    

Periodic
Payment
Frequency

   Upfront
Premiums
Paid
     Upfront
Premiums
Received
    Value     Unrealized
Appreciation/
(Depreciation)
 

1 Mo. MXN TIIE

  

4.49% Fixed

   MXN     54,790,000        09/29/2022      Lunar    $      $     $ (2,712   $ (2,712

1 Mo. MXN TIIE

  

5.69% Fixed

   MXN     3,950,000        07/08/2030      Lunar                   (2,120     (2,120

1 Mo. MXN TIIE

  

5.81% Fixed

   MXN     6,980,000        08/13/2030      Lunar                   (918     (918

5.10% Fixed

  

1 Mo. MXN TIIE

   MXN     23,010,000        08/19/2025      Lunar                   113       113  

1 Mo. MXN TIIE

  

7.24% Fixed

   MXN     5,150,000        07/15/2022      Lunar                   11,317       11,317  

1 Mo. MXN TIIE

  

6.37% Fixed

   MXN     2,265,000        02/22/2030      Lunar                   4,680       4,680  

0.18% Fixed

  

3 Mo. PLN WIBOR

   PLN     8,405,000        12/16/2021      Annual                   (1,088     (1,088

3 Mo. ZAR JIBAR

  

3.72% Fixed

   ZAR     83,030,000        12/16/2022      Quarterly                   28,132       28,132  

3 Mo. ZAR JIBAR

  

7.20% Fixed

   ZAR     44,855,000        12/16/2030      Quarterly                   8,239       8,239  

5.21% Fixed

  

3 Mo. ZAR JIBAR

   ZAR     109,155,000        12/16/2025      Quarterly             (4,975     (65,151     (60,176

0.28% Fixed

  

6 Mo. CZK PRIBOR

   CZK     6,525,000        12/16/2022      Annual                          

0.32% Fixed

  

6 Mo. CZK PRIBOR

   CZK     19,770,000        12/16/2022      Annual                   (747     (747

0.55% Fixed

  

6 Mo. CZK PRIBOR

   CZK     237,210,000        12/16/2022      Annual                   (54,888     (54,888

0.80% Fixed

  

6 Mo. CZK PRIBOR

   CZK     4,025,000        12/16/2030      Annual                   1,112       1,112  

0.85% Fixed

  

6 Mo. CZK PRIBOR

   CZK     1,400,000        12/16/2030      Annual                          

1.03% Fixed

  

6 Mo. CZK PRIBOR

   CZK     14,610,000        12/16/2030      Annual                   (10,599     (10,599

6 Mo. CZK PRIBOR

  

0.82% Fixed

   CZK     107,025,000        12/16/2025      Annual                   60,188       60,188  

6 Mo. CZK PRIBOR

  

0.57% Fixed

   CZK     15,850,000        12/16/2025      Annual                   80       80  

6 Mo. CZK PRIBOR

  

0.56% Fixed

   CZK     5,370,000        12/16/2025      Annual                          

6 Mo. HUF BUBOR

  

1.73% Fixed

   HUF     53,765,000        12/16/2030      Annual                   483       483  

0.21% Fixed

  

6 Mo. PLN WIBOR

   PLN     7,720,000        12/16/2022      Annual                   (672     (672

6 Mo. PLN WIBOR

  

0.51% Fixed

   PLN     3,560,000        12/16/2025      Annual                   461       461  

6 Mo. PLN WIBOR

  

1.10% Fixed

   PLN     690,000        12/16/2030      Annual                   2,662       2,662  

6 Mo. PLN WIBOR

  

1.08% Fixed

   PLN     685,000        12/16/2030      Annual                   2,306       2,306  
                

 

 

    

 

 

   

 

 

   

 

 

 

Total centrally cleared interest rate swap contracts

 

         $     —      $     (4,975   $     (19,122   $     (14,147
                

 

 

    

 

 

   

 

 

   

 

 

 

 

Foreign Currency Contracts Outstanding at October 31, 2020

 
Amount and Description of
Currency to be Purchased
   Amount and Description of
Currency to be Sold
   Counterparty    Settlement
Date
    Appreciation     Depreciation  
  180,000      AUD      128,984      USD    GSC      12/16/2020     $     —     $ (2,430
  1,190,000      AUD      867,260      USD    BNP      12/16/2020             (30,595
  990,000      BRL      184,049      USD    BNP      12/02/2020             (11,778
  2,115,000      BRL      385,657      USD    GSC      12/02/2020             (17,625
  5,826,000      BRL      1,066,194      USD    CBK      12/02/2020                 (52,405
  22,393,000      BRL      3,986,861      USD    UBS      12/02/2020             (90,232
  2,237,000      BRL      394,289      USD    BNP      01/04/2021             (5,329
  1,628,000      BRL      301,761      USD    GSC      01/11/2021             (18,757
  2,270,000      BRL      428,504      USD    JPM      02/08/2021             (34,267
  358,000      CAD      269,682      USD    BNP      01/08/2021             (868
  29,410,000      CLP      38,100      USD    BOA      11/03/2020             (69
  106,969,000      CLP      138,575      USD    CBK      11/03/2020             (253
  136,379,000      CLP      181,150      USD    JPM      11/03/2020             (4,797
  267,098,000      CLP      342,873      USD    BOA      12/09/2020       2,482        
  117,924,000      CLP      150,222      USD    BNP      12/16/2020       2,259        
  137,200,000      CLP      176,123      USD    UBS      12/16/2020       1,283        
  174,250,000      CLP      226,083      USD    GSC      12/16/2020             (769
  1,248,111,000      CLP      1,615,510      USD    HSBC      12/16/2020             (1,645
  253,369,000      CLP      330,363      USD    CBK      12/16/2020       79       (2,824
  223,080,000      CLP      286,183      USD    MSC      03/01/2021       2,368        
  26,590,000      CNH      3,874,408      USD    BNP      12/16/2020           82,890        
  3,023,000      CNH      448,405      USD    GSC      12/16/2020       1,970       (472
  1,645,000      CNH      245,083      USD    BNP      01/27/2021             (1,020
  1,151,000      CNH      163,774      USD    CBK      02/10/2021       6,840        
  1,404,000      CNH      198,867      USD    MSC      02/18/2021       9,133        
  1,069,600,000      COP      277,174      USD    GSC      12/16/2020             (1,403
  2,643,200,000      COP      687,617      USD    CBK      12/16/2020             (6,131
  2,362,000      CZK      102,370      USD    UBS      12/16/2020             (1,329
  2,390,000      CZK      106,134      USD    GSC      12/16/2020             (3,895
  33,930,000      CZK      1,511,392      USD    JPM      12/16/2020             (59,943
  5,020,000      EGP      305,818      USD    GSC      04/13/2021             (1,721

 

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

 

 

  51  

 


The Hartford Emerging Markets Local Debt Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Foreign Currency Contracts Outstanding at October 31, 2020 – (continued)

 
Amount and Description of
Currency to be Purchased
   Amount and Description of
Currency to be Sold
   Counterparty    Settlement
Date
    Appreciation     Depreciation  
  49,000      EUR      58,011      USD    SSG      12/16/2020     $     $ (878
  131,000      EUR      154,284      USD    DEUT      12/16/2020             (1,540
  201,000      EUR      236,461      USD    MSC      12/16/2020             (2,098
  114,000      EUR      135,546      USD    BNP      12/16/2020             (2,623
  310,000      EUR      365,579      USD    GSC      12/16/2020             (4,124
  493,000      EUR      585,389      USD    BOA      12/16/2020             (10,559
  26,000,000      HUF      84,920      USD    BNP      12/16/2020             (2,418
  47,000,000      HUF      154,529      USD    GSC      12/16/2020             (5,391
  625,432,000      HUF      2,048,045      USD    JPM      12/16/2020             (63,462
  22,424,494,000      IDR      1,503,889      USD    JPM      12/16/2020       22,680        
  12,381,000,000      IDR      832,221      USD    GSC      12/16/2020       10,629        
  1,322,000,000      IDR      88,204      USD    RBS      12/16/2020       1,793        
  2,645,654,000      IDR      179,051      USD    DEUT      12/16/2020       1,055        
  6,591,000,000      IDR      447,758      USD    BNP      12/16/2020       931        
  11,460,000      INR      155,137      USD    GSC      12/16/2020             (1,149
  89,584,000      INR      1,208,830      USD    BNP      12/16/2020       267       (5,353
  225,740,000      KRW      190,252      USD    BCLY      12/16/2020       8,691        
  205,790,000      KRW      173,560      USD    CBK      12/16/2020       7,802        
  379,857,000      KRW      336,311      USD    BNP      12/16/2020             (1,545
  4,047,000      MXN      181,888      USD    GSC      11/27/2020       8,322        
  94,139,000      MXN      4,333,871      USD    CBK      12/16/2020       90,723       (9,573
  6,257,000      MXN      283,076      USD    GSC      12/16/2020       10,371        
  6,000,000      MXN      272,798      USD    UBS      12/16/2020       10,364       (1,768
  11,065,000      MXN      513,071      USD    BCLY      12/16/2020       5,866        
  1,980,000      MXN      92,404      USD    BNP      12/16/2020       456        
  5,610,000      MXN      246,593      USD    MSC      01/25/2021       15,354        
  3,979,000      MYR      956,077      USD    DEUT      12/16/2020       336        
  781,000      MYR      187,867      USD    BNP      12/16/2020       23       (164
  385,000      NZD      256,171      USD    GSC      12/16/2020             (1,599
  572,000      PEN      161,696      USD    HSBC      12/16/2020             (3,479
  573,000      PEN      162,093      USD    BNP      12/16/2020             (3,599
  2,676,000      PEN      749,285      USD    CBK      12/16/2020             (9,093
  22,879,000      PHP      469,113      USD    JPM      12/16/2020       3,712        
  650,000      PLN      167,423      USD    DEUT      12/16/2020             (3,204
  17,501,000      PLN      4,654,145      USD    BNP      12/16/2020                 (232,599
  1,084,000      RON      260,292      USD    GSC      12/16/2020             (1,380
  3,424,000      RON      828,807      USD    BNP      12/16/2020             (10,989
  33,369,000      RUB      441,798      USD    GSC      11/27/2020             (22,908
  47,315,000      RUB      623,962      USD    CBK      11/30/2020             (30,184
  114,488,000      RUB      1,483,813      USD    GSC      12/16/2020             (50,039
  24,404,000      RUB      310,041      USD    CBK      01/19/2021             (5,395
  23,366,000      RUB      311,318      USD    GSC      02/11/2021             (20,197
  550,000      SGD      402,267      USD    JPM      12/16/2020       392        
  425,000      SGD      311,355      USD    GSC      12/16/2020             (210
  96,830,000      THB      3,070,800      USD    SCB      12/16/2020       35,249        
  14,500,000      THB      463,298      USD    GSC      12/16/2020       1,824        
  4,866,000      TRY      600,252      USD    GSC      12/10/2020             (31,421
  13,984,500      TRY      1,779,566      USD    GSC      12/16/2020             (149,995
  1,747,000      TRY      234,812      USD    GSC      01/19/2021             (34,539
  82,754      USD      7,890,000      ARS    CBK      01/22/2021       4,339        
  41,310      USD      3,948,000      ARS    GSC      01/22/2021       2,073        
  1,203,961      USD      1,652,000      AUD    BNP      12/16/2020           42,474        
  117,593      USD      165,000      AUD    GSC      12/16/2020       1,585        
  884,237      USD      4,990,000      BRL    CBK      12/02/2020       16,568       (645
  319,743      USD      1,750,000      BRL    GSC      12/02/2020       15,224        
  155,331      USD      845,000      BRL    BOA      12/02/2020       8,292        
  259,568      USD      1,465,000      BRL    BNP      12/02/2020       4,642        
  106,231      USD      566,000      BRL    MSC      01/11/2021       7,841        
  137,803      USD      180,000      CAD    BNP      12/16/2020       2,665        
  316,933      USD      420,000      CAD    GSC      12/16/2020       2,162       (552
  176,675      USD      136,379,000      CLP    JPM      11/03/2020       322        
  138,247      USD      106,969,000      CLP    CBK      11/03/2020             (75
  36,915      USD      29,410,000      CLP    BOA      11/03/2020             (1,116
  193,852      USD      152,300,000      CLP    CBK      12/16/2020             (3,079

 

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

 

 

  52  

 


The Hartford Emerging Markets Local Debt Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Foreign Currency Contracts Outstanding at October 31, 2020 – (continued)

 
Amount and Description of
Currency to be Purchased
   Amount and Description of
Currency to be Sold
   Counterparty    Settlement
Date
    Appreciation     Depreciation  
  386,513      USD      302,600,000      CLP    HSBC      12/16/2020     $ 402     $ (5,165
  909,404      USD      715,152,000      CLP    GSC      12/16/2020             (15,320
  114,481      USD      804,000      CNH    MSC      11/27/2020             (5,353
  236,654      USD      1,709,000      CNH    CBK      11/27/2020             (18,067
  86,459      USD      605,000      CNH    CBK      12/03/2020             (3,673
  356,460      USD      2,386,000      CNH    GSC      12/16/2020       1,360        
  238,253      USD      1,594,000      CNH    BCLY      12/16/2020       1,024        
  2,203,696      USD      14,902,088      CNH    BNP      12/16/2020             (14,132
  569,342      USD      2,124,273,000      COP    HSBC      12/16/2020       21,649        
  256,946      USD      971,000,000      COP    DEUT      12/16/2020       6,597        
  92,196      USD      349,700,000      COP    BCLY      12/16/2020       2,034        
  377,166      USD      1,461,500,000      COP    BNP      12/16/2020       673       (321
  667,275      USD      15,420,000      CZK    GSC      12/16/2020       7,644        
  339,510      USD      7,830,000      CZK    CBK      12/16/2020       4,560        
  178,289      USD      4,140,000      CZK    BNP      12/16/2020       1,189        
  104,646      USD      2,430,000      CZK    RBS      12/16/2020       696        
  194,322      USD      4,530,000      CZK    JPM      12/16/2020       539        
  3,653,037      USD      3,086,000      EUR    HSBC      12/16/2020       54,807        
  495,013      USD      420,000      EUR    BNP      12/16/2020       5,298        
  15,452      USD      13,000      EUR    CBK      12/16/2020       294        
  148,189      USD      127,000      EUR    GSC      12/16/2020       146       (37
  289,117      USD      220,000      GBP    JPM      12/16/2020       4,001        
  355,271      USD      109,800,000      HUF    GSC      12/16/2020       6,860        
  142,275      USD      43,814,000      HUF    BOA      12/16/2020       3,247        
  140,637      USD      44,400,000      HUF    BNP      12/16/2020             (251
  226,167      USD      3,436,000,000      IDR    GSC      12/16/2020             (7,743
  1,021,842      USD      15,238,000,000      IDR    BNP      12/16/2020             (15,501
  296,777      USD      21,914,000      INR    BCLY      12/16/2020       2,318        
  338,677      USD      25,210,000      INR    BNP      12/16/2020       276       (347
  208,002      USD      238,387,000      KRW    GSC      12/16/2020             (2,087
  493,283      USD      573,000,000      KRW    MSC      12/16/2020                 (11,699
  453,534      USD      9,625,000      MXN    DEUT      12/16/2020       2,132        
  453,040      USD      9,630,000      MXN    CBK      12/16/2020       1,403        
  441,790      USD      9,580,000      MXN    GSC      12/16/2020             (7,502
  300,740      USD      6,620,000      MXN    BNP      12/16/2020       83       (9,814
  179,119      USD      4,030,000      MXN    UBS      12/16/2020             (9,884
  588,790      USD      2,450,000      MYR    BNP      12/16/2020       310       (415
  476,779      USD      710,000      NZD    BNP      12/16/2020       7,309        
  105,338      USD      160,000      NZD    GSC      12/16/2020             (458
  558,480      USD      1,984,000      PEN    BNP      12/16/2020       9,698        
  330,139      USD      1,190,000      PEN    CBK      12/16/2020       1,056       (76
  269,341      USD      13,160,000      PHP    SCB      12/16/2020             (2,628
  448,275      USD      1,680,000      PLN    BOA      12/16/2020       23,831        
  216,422      USD      835,000      PLN    GSC      12/16/2020       5,463        
  234,053      USD      905,000      PLN    BCLY      12/16/2020       5,409        
  377,856      USD      1,579,000      RON    BNP      12/16/2020       1,479       (766
  648,902      USD      2,727,000      RON    GSC      12/16/2020       1,366       (3,805
  294,560      USD      23,177,000      RUB    MSC      11/27/2020       3,613        
  294,356      USD      23,206,000      RUB    CBK      11/30/2020       3,133        
  725,379      USD      56,150,000      RUB    GSC      12/16/2020       22,192        
  200,263      USD      15,585,000      RUB    CBK      12/16/2020       5,086        
  54,042      USD      4,146,000      RUB    HSBC      12/16/2020       2,120        
  305,002      USD      415,000      SGD    GSC      12/16/2020       1,178        
  136,265      USD      185,000      SGD    BNP      12/16/2020       825        
  125,358      USD      3,920,000      THB    MSC      12/16/2020             (385
  245,399      USD      7,700,000      THB    HSBC      12/16/2020             (1,597
  423,783      USD      13,300,000      THB    GSC      12/16/2020             (2,847
  845,466      USD      26,600,000      THB    BNP      12/16/2020             (7,791
  587,468      USD      4,866,000      TRY    MSC      12/10/2020       18,638        
  1,436,532      USD      11,355,000      TRY    GSC      12/16/2020           113,368        
  400,126      USD      3,173,000      TRY    GSC      01/19/2021       36,379        
  349,218      USD      15,118,000      UYU    HSBC      12/16/2020       475        
  201,740      USD      3,316,000      ZAR    CBK      11/03/2020             (1,954
  145,663      USD      2,419,000      ZAR    MSC      11/03/2020             (2,930

 

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

 

 

  53  

 


The Hartford Emerging Markets Local Debt Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Foreign Currency Contracts Outstanding at October 31, 2020 – (continued)

 
Amount and Description of
Currency to be Purchased
   Amount and Description of
Currency to be Sold
   Counterparty    Settlement
Date
    Appreciation     Depreciation  
  100,764      USD      1,680,000      ZAR    TDB      12/17/2020     $     $ (1,888
  204,941      USD      3,420,000      ZAR    BCLY      12/17/2020       112       (4,141
  657,712      USD      11,089,000      ZAR    GSC      12/17/2020       248       (20,106
  5,735,000      ZAR      338,069      USD    MSC      11/03/2020       14,219        
  37,004,000      ZAR      2,175,094      USD    BNP      12/17/2020       85,950        
  7,724,000      ZAR      466,822      USD    GSC      12/17/2020       5,136        
  2,630,000      ZAR      155,658      USD    BCLY      12/17/2020       5,042        
  4,451,000      ZAR      270,676      USD    CBK      12/17/2020       1,900       (607
                

 

 

   

 

 

 
 

Total Foreign Currency Contracts

    $     959,098     $     (1,258,789
                

 

 

   

 

 

 

 

 

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

 

Fair Value Summary

The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.

 

Description

   Total     Level 1     Level 2     Level 3(1)  

Assets

 

Corporate Bonds

   $ 18,809,249     $     $ 18,809,249     $  

Foreign Government Obligations

     41,986,342             41,986,342        

Short-Term Investments

     1,606,303             1,606,303        

Purchased Options

     137,742             137,742        

Foreign Currency Contracts(2)

     959,098             959,098        

Futures Contracts(2)

     33,718       33,718              

Swaps - Interest Rate(2)

     178,935             178,935        
  

 

 

   

 

 

   

 

 

   

 

 

 

Total

   $     63,711,387     $ 33,718     $     63,677,669     $  
  

 

 

   

 

 

   

 

 

   

 

 

 

Liabilities

 

Foreign Currency Contracts(2)

   $ (1,258,789   $     $ (1,258,789   $  

Futures Contracts(2)

     (36,396     (36,396            

Swaps - Interest Rate(2)

     (246,987           (246,987      

Written Options

     (201,488           (201,488      
  

 

 

   

 

 

   

 

 

   

 

 

 

Total

   $     (1,743,660   $     (36,396   $ (1,707,264   $     —  
  

 

 

   

 

 

   

 

 

   

 

 

 

 

(1) 

For the year ended October 31, 2020, there were no transfers in and out of Level 3.

 

(2) 

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

 

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

 

 

  54  

 


The Hartford Floating Rate Fund

Schedule of Investments

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 8.7%  
      Aerospace/Defense - 0.2%  
$     4,460,000    

Boeing Co. 3.63%, 02/01/2031

  $ 4,446,817  
     

 

 

 
          Airlines - 0.2%      
    1,475,000    

Bombardier, Inc. 7.50%, 12/01/2024(1)

    1,113,625  
    2,730,000    

United Airlines Class B Pass-Through Trust
5.88%, 04/15/2029

    2,736,146  
     

 

 

 
        3,849,771  
     

 

 

 
      Auto Parts & Equipment - 0.2%  
    1,150,000    

Adient Global Holdings Ltd. 4.88%, 08/15/2026(1)

    1,100,987  
EUR     1,800,000    

Clarios Global L.P. / Clarios U.S. Finance Co.
4.38%, 05/15/2026(2)

    2,101,821  
     

 

 

 
    3,202,808  
     

 

 

 
      Commercial Banks - 0.5%  
    3,845,000    

Banco Santander S.A. 1.00%, 12/15/2024(3)(4)

    3,834,759  
 

Freedom Mortgage Corp.

 

$     2,975,000    

7.63%, 05/01/2026(1)

    2,965,718  
    2,025,000    

8.25%, 04/15/2025(1)

    2,046,465  
     

 

 

 
    8,846,942  
     

 

 

 
      Commercial Services - 0.4%  
    1,825,000    

APX Group, Inc. 7.63%, 09/01/2023

    1,839,372  
EUR     2,660,000    

Q-Park Holding I B.V. 2.00%, 03/31/2026, 3 mo. EURIBOR + 2.000%(1)(5)

    2,673,795  
    2,350,000    

Verisure Midholding AB 5.75%, 12/01/2023(2)

    2,715,875  
     

 

 

 
    7,229,042  
     

 

 

 
      Construction Materials - 0.1%  
$     895,000    

Cornerstone Building Brands, Inc.
6.13%, 01/15/2029(1)

    914,287  
     

 

 

 
      Distribution/Wholesale - 0.1%  
EUR     1,935,000    

Parts Europe S.A. 6.50%, 07/16/2025(1)

    2,208,526  
     

 

 

 
      Diversified Financial Services - 0.2%  
$     1,040,000    

AerCap Ireland Capital DAC / AerCap Global Aviation Trust 3.65%, 07/21/2027

    981,261  
    1,125,000    

Fly Leasing Ltd. 5.25%, 10/15/2024

    940,922  
    860,000    

Genworth Mortgage Holdings, Inc.
6.50%, 08/15/2025(1)

    896,550  
     

 

 

 
    2,818,733  
     

 

 

 
      Electrical Components & Equipment - 0.1%  
    2,000,000    

WESCO Distribution, Inc. 5.38%, 12/15/2021

    1,997,500  
     

 

 

 
      Entertainment - 0.7%  
 

Caesars Entertainment, Inc.

 

    870,000    

6.25%, 07/01/2025(1)

    891,200  
    1,695,000    

8.13%, 07/01/2027(1)

    1,769,063  
    1,113,000    

Caesars Resort Collection LLC / CRC Finco, Inc. 5.25%, 10/15/2025(1)

    1,057,016  
 

Cinemark USA, Inc.

 

    5,275,000    

0.00%, 03/31/2025, 3 mo. USD LIBOR

    4,640,101  
    3,645,000    

4.88%, 06/01/2023

    3,055,932  
    830,000    

5.13%, 12/15/2022

    720,025  
     

 

 

 
    12,133,337  
     

 

 

 
      Home Builders - 0.1%  
    1,950,000    

KB Home 7.00%, 12/15/2021

    2,028,000  
     

 

 

 
      Insurance - 0.3%  
 

Genworth Holdings, Inc.

 

    3,175,000    

4.80%, 02/15/2024

    2,905,125  
    1,500,000    

4.90%, 08/15/2023

    1,387,500  
    1,400,000    

6.50%, 06/15/2034

    1,314,208  
     

 

 

 
    5,606,833  
     

 

 

 
      Internet - 0.1%  
EUR     955,000    

United Group B.V. 3.25%, 02/15/2026, 3 mo. EURIBOR + 3.250%(1)(5)

    1,040,056  
     

 

 

 
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 8.7% - (continued)  
      Leisure Time - 0.4%  
$     915,000    

Carnival Corp. 10.50%, 02/01/2026(1)

  $ 990,488  
EUR     4,075,000    

Carnival plc 1.00%, 10/28/2029

    2,657,731  
 

Royal Caribbean Cruises Ltd.

 

$     2,500,000    

3.70%, 03/15/2028

    1,825,000  
    855,000    

9.13%, 06/15/2023(1)

    890,269  
    875,000    

11.50%, 06/01/2025(1)

    1,000,781  
     

 

 

 
    7,364,269  
     

 

 

 
      Media - 0.2%  
EUR     790,000    

Banijay Group SAS 6.50%, 03/01/2026(1)

    891,551  
$     1,000,000    

Houghton Mifflin Harcourt Publishers, Inc.
9.00%, 02/15/2025(1)

    970,000  
GBP     724,000    

Virgin Media Vendor Financing Notes DAC
4.88%, 07/15/2028(1)

    932,080  
     

 

 

 
    2,793,631  
     

 

 

 
      Office/Business Equipment - 0.0%  
$     551,000    

Xerox Corp. 4.50%, 05/15/2021

    559,265  
     

 

 

 
      Oil & Gas - 0.3%  
    2,150,000    

Gulfport Energy Corp. 6.63%, 05/01/2023

    1,178,737  
    930,000    

Jagged Peak Energy LLC 5.88%, 05/01/2026

    957,900  
    1,625,000    

QEP Resources, Inc. 5.38%, 10/01/2022

    1,430,000  
    2,505,000    

Vine Oil & Gas L.P. / Vine Oil & Gas Finance Corp. 8.75%, 04/15/2023(1)

    1,853,700  
     

 

 

 
    5,420,337  
     

 

 

 
      Oil & Gas Services - 0.1%  
    2,246,000    

Alpha Star Holding Ltd. 6.25%, 04/20/2022(2)

    2,128,085  
     

 

 

 
      Pharmaceuticals - 0.2%  
    1,775,000    

Bausch Health Cos., Inc. 5.50%, 11/01/2025(1)

    1,823,457  
EUR     1,055,000    

Rossini S.a.r.l. 3.88%, 10/30/2025, 3 mo. EURIBOR + 3.875%(1)(5)

    1,201,060  
     

 

 

 
    3,024,517  
     

 

 

 
      Pipelines - 0.1%  
 

EnLink Midstream Partners L.P.

 

$     905,000    

5.05%, 04/01/2045

    570,150  
    750,000    

5.45%, 06/01/2047

    481,718  
    1,525,000    

Tallgrass Energy Partners L.P. / Tallgrass Energy Finance Corp. 5.50%, 09/15/2024(1)

    1,465,494  
     

 

 

 
    2,517,362  
     

 

 

 
      Retail - 1.8%  
    860,000    

1011778 BC ULC / New Red Finance, Inc.
5.75%, 04/15/2025(1)

    916,347  
EUR     6,725,000    

EG Group Ltd. 0.00%, 02/06/2025, 3 mo. Euribor

    7,246,810  
$     1,530,000    

Macy’s, Inc. 8.38%, 06/15/2025(1)

    1,597,473  
    530,000    

Michaels Stores, Inc. 4.75%, 10/01/2027(1)

    518,075  
EUR     9,925,000    

Peer Holding B.V. 3.25%, 03/08/2025, 3 mo. EURIBOR + 3.250%

    11,118,517  
$     780,000    

Specialty Building Products Holdings LLC / SBP Finance Corp. 6.38%, 09/30/2026(1)

    795,600  
 

Staples, Inc.

 

    10,350,000    

7.50%, 04/15/2026(1)

    9,677,250  
    1,050,000    

10.75%, 04/15/2027(1)

    834,750  
     

 

 

 
    32,704,822  
     

 

 

 
      Telecommunications - 2.0%  
    6,500,000    

Altice France S.A. 5.13%, 01/15/2029(1)

    6,489,762  
    4,000,000    

Frontier Communications Corp.
0.00%, 10/08/2021

    3,955,000  
EUR     15,628,511    

Lorca Finco plc 4.25%, 09/23/2027, 3 mo. EURIBOR + 4.250%

    18,133,490  
GBP     5,000,000    

Vmed O2 UK Financing I plc 4.00%, 01/31/2029(1)

    6,335,576  
     

 

 

 
    34,913,828  
     

 

 

 
 

 

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

 

 

  55  

 


The Hartford Floating Rate Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 8.7% - (continued)  
      Trucking & Leasing - 0.4%  
$     3,640,000    

DAE Funding LLC 5.25%, 11/15/2021(1)

  $ 3,686,082  
    4,480,000    

Fly Leasing Ltd. 6.38%, 10/15/2021

    4,450,791  
     

 

 

 
    8,136,873  
     

 

 

 
 

Total Corporate Bonds
(cost $155,236,303)

  $ 155,885,641  
     

 

 

 
SENIOR FLOATING RATE INTERESTS - 86.5%(6)  
      Advertising - 0.6%  
    9,978,003    

Terrier Media Buyer, Inc. 4.40%, 12/17/2026, 1 mo. USD LIBOR + 4.250%

  $ 9,697,422  
     

 

 

 
      Aerospace/Defense - 0.6%  
    1,640,000    

Spirit Aerosystems, Inc. 6.00%, 01/15/2025, 1 mo. USD LIBOR + 5.250%

    1,635,900  
    10,025,929    

TransDigm, Inc. 2.40%, 05/30/2025, 1 mo. USD LIBOR + 2.250%

    9,417,456  
     

 

 

 
    11,053,356  
     

 

 

 
      Airlines - 1.4%  
    10,062,625    

JetBlue Airways Corp. 6.25%, 06/17/2024, 1 mo. USD LIBOR + 5.250%

    10,006,073  
    6,190,000    

Mileage Plus Holdings LLC 6.25%, 06/20/2027, 1 mo. USD LIBOR + 5.250%

    6,281,674  
    9,345,000    

SkyMiles IP Ltd. 4.75%, 10/20/2027, 1 mo. USD LIBOR + 3.750%

    9,300,237  
     

 

 

 
    25,587,984  
     

 

 

 
      Asset-Backed - Finance & Insurance - 0.2%  
    4,295,000    

PAI Holdco, Inc. 0.00%, 10/28/2027(7)

    4,260,125  
     

 

 

 
      Auto Manufacturers - 0.1%  
    2,091,789    

Navistar, Inc. 3.65%, 11/06/2024, 3 mo. USD LIBOR + 3.500%

    2,068,256  
     

 

 

 
      Auto Parts & Equipment - 1.4%  
    4,606,208    

Adient U.S. LLC 4.49%, 05/06/2024, 3 mo. USD LIBOR + 4.250%

    4,534,811  
    14,041,675    

Clarios Global L.P. 3.65%, 04/30/2026, 3 mo. USD LIBOR + 3.500%

    13,616,915  
    6,096,656    

First Brands Group LLC 8.50%, 02/02/2024, 1 mo. USD LIBOR + 7.500%

    6,035,690  
     

 

 

 
    24,187,416  
     

 

 

 
      Beverages - 1.0%  
    5,000,000    

Jacobs Douwe Egberts International B.V.

2.19%, 11/01/2025, 3 mo. USD LIBOR + 2.000%

    4,981,250  
EUR     6,135,000    

Refresco Holding B.V. 3.25%, 03/28/2025, 3 mo. EURIBOR + 3.250%

    6,986,006  
    4,255,000    

Sunshine Investments B.V. 0.00%, 03/28/2025(7)

    4,896,119  
     

 

 

 
    16,863,375  
     

 

 

 
      Chemicals - 1.0%  
 

Diamond (BC) B.V.

 

$     2,530,540    

3.15%, 09/06/2024, 3 mo. USD LIBOR + 3.000%

    2,416,665  
EUR     13,951,048    

3.25%, 09/06/2024, 3 mo. EURIBOR + 3.250%

    15,569,732  
     

 

 

 
    17,986,397  
     

 

 

 
      Commercial Services - 8.5%  
 

AlixPartners LLP

 

$     8,477,118    

2.65%, 04/04/2024, 1 mo. USD LIBOR + 2.500%

    8,212,208  
EUR     2,826,950    

3.25%, 04/04/2024, 3 mo. EURIBOR + 3.250%

    3,243,713  
$     28,630,476    

APX Group, Inc. 7.25%, 12/31/2025, 1 mo. USD LIBOR + 4.000%

    27,889,233  
Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 86.5%(6) - (continued)  
      Commercial Services - 8.5% - (continued)  
 

Belron Finance U.S. LLC

 

$     3,220,663    

2.46%, 10/30/2026, 1 mo. USD LIBOR + 2.250%

  $ 3,124,043  
    6,237,427    

2.74%, 11/07/2024, 3 mo. USD LIBOR + 2.500%

    6,065,898  
EUR     3,980,000    

Boels Topholding B.V. 4.00%, 02/05/2027, 3 mo. EURIBOR + 4.000%

    4,504,221  
$     20,274,418    

EVO Payments International LLC

3.40%, 12/22/2023, 3 mo. USD LIBOR + 3.250%

    20,005,782  
    7,988,979    

MPH Acquisition Holdings LLC

3.75%, 06/07/2023, 3 mo. USD LIBOR + 2.750%

    7,877,692  
EUR     29,094,055    

Nets Holding A/S 3.25%, 02/06/2025, 3 mo. EURIBOR + 3.250%

    32,980,697  
$     4,238,647    

Quikrete Holdings, Inc. 2.65%, 01/31/2027, 1 mo. USD LIBOR + 2.500%

    4,150,695  
    4,680,072    

Refinitiv U.S. Holdings, Inc. 3.40%, 10/01/2025, 1 mo. USD LIBOR + 3.250%

    4,604,770  
    1,318,175    

USS Ultimate Holdings, Inc.

4.75%, 08/25/2024, 3 mo. USD LIBOR + 3.750%

    1,289,755  
 

Verisure Holding AB

 

EUR     2,407,261    

3.00%, 10/21/2022, 3 mo. EURIBOR + 3.000%

    2,756,431  
    8,325,000    

4.00%, 07/14/2026, 3 mo. EURIBOR + 4.000%

    9,647,233  
$     7,768,377    

Weight Watchers International, Inc.
5.50%, 11/29/2024, 3 mo. USD LIBOR +

4.750%

    7,745,072  
    7,926,228    

WEX, Inc. 2.40%, 05/17/2026, 3 mo. USD LIBOR + 2.250%

    7,628,995  
     

 

 

 
    151,726,438  
     

 

 

 
      Construction Materials - 0.2%  
    2,878,323    

Hamilton Holdco LLC 2.23%, 01/02/2027, 1 mo. USD LIBOR + 2.000%

    2,791,973  
     

 

 

 
      Distribution/Wholesale - 0.9%  
    16,591,472    

American Builders & Contractors Supply Co., Inc. 2.15%, 01/15/2027, 1 mo. USD LIBOR +

2.000%

    16,085,930  
     

 

 

 
      Diversified Financial Services - 1.9%  
 

Blackhawk Network Holdings, Inc.

 

    28,993,280    

3.15%, 06/15/2025, 3 mo. USD LIBOR + 3.000%

    27,158,585  
    3,010,000    

7.19%, 06/15/2026, 3 mo. USD LIBOR + 7.000%

    2,701,475  
    3,705,808    

Minotaur Acquisition, Inc. 5.15%, 03/29/2026, 3 mo. USD LIBOR + 5.000%

    3,520,517  
     

 

 

 
    33,380,577  
     

 

 

 
      Engineering & Construction - 1.0%  
    9,321,514    

Brand Industrial Services, Inc.

5.25%, 06/21/2024, 3 mo. USD LIBOR + 4.250%

    8,657,356  
EUR     5,834,501    

Fluidra Finco S.L. 2.00%, 07/02/2025, 3 mo. EURIBOR + 2.000%

    6,689,012  
$     2,330,000    

PowerTeam Services LLC 8.25%, 03/06/2026, 3 mo. USD LIBOR + 7.250%

    2,073,700  
     

 

 

 
    17,420,068  
     

 

 

 
      Entertainment - 4.4%  
 

Crown Finance U.S., Inc.

 

EUR     1,761,054    

2.63%, 02/28/2025, 3 mo. EURIBOR + 2.625%

    1,133,184  
$     33,711,605    

2.77%, 02/28/2025, 3 mo. USD LIBOR + 2.500%

    18,746,349  
 

 

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

 

 

  56  

 


The Hartford Floating Rate Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 86.5%(6) - (continued)  
      Entertainment - 4.4% - (continued)  
$     1,403,529    

Delta (LUX) S.a.r.l. 3.50%, 02/01/2024, 3 mo. USD LIBOR + 2.500%

  $ 1,343,879  
    10,543,849    

Penn National Gaming, Inc. 3.00%, 10/15/2025, 3 mo. USD LIBOR + 2.250%

    10,159,737  
    18,968,560    

Playtika Holding Corp. 7.00%, 12/10/2024, 1 mo. USD LIBOR + 6.000%

    18,955,661  
    6,875,000    

Scientific Games International, Inc.

0.00%, 08/14/2024, 1 mo. USD LIBOR + 2.750%(7)

    6,383,025  
    8,947,136    

UFC Holdings LLC 4.25%, 04/29/2026, 1 mo. USD LIBOR + 3.250%

    8,757,010  
    15,660,235    

William Morris Endeavor Entertainment LLC

2.90%, 05/18/2025, 3 mo. USD LIBOR + 2.750%

    13,266,411  
     

 

 

 
    78,745,256  
     

 

 

 
      Food - 4.0%  
    7,175,450    

Atkins Nutritionals Holdings, Inc.

4.75%, 07/07/2024, 1 mo. USD LIBOR + 3.750%

    7,153,063  
    11,323,355    

BellRing Brands LLC 6.00%, 10/21/2024, 1 mo. USD LIBOR + 5.000%

    11,348,832  
    4,501,387    

CHG PPC Parent LLC 2.90%, 03/30/2025, 3 mo. USD LIBOR + 2.750%

    4,343,839  
 

Froneri Lux FinCo S.a.r.l.

 

EUR     13,670,000    

2.63%, 01/31/2027, 3 mo. EURIBOR + 2.625%

    15,482,946  
    145,000    

5.75%, 01/31/2028, 3 mo. EURIBOR + 5.750%

    168,981  
 

Froneri U.S., Inc.

 

$     14,159,513    

2.40%, 01/31/2027, 1 mo. USD LIBOR + 2.250%

    13,608,566  
    1,405,000    

5.75%, 01/31/2028, 1 mo. USD LIBOR + 5.750%

    1,385,681  
 

U.S. Foods, Inc.

 

    13,051,274    

1.90%, 06/27/2023, 1 mo. USD LIBOR + 1.750%

    12,460,704  
    6,235,885    

2.15%, 09/13/2026, 3 mo. USD LIBOR + 2.000%

    5,912,429  
     

 

 

 
    71,865,041  
     

 

 

 
      Food Service - 0.1%  
    2,621,476    

Aramark Services, Inc. 1.90%, 01/15/2027, 1 mo. USD LIBOR + 1.750%

    2,485,500  
     

 

 

 
      Hand/Machine Tools - 0.4%  
    7,885,000    

Applecaramel Buyer LLC 0.00%, 10/19/2027(7)

    7,762,467  
     

 

 

 
      Healthcare - Products - 0.5%  
    2,980,025    

CPI Holdco LLC 4.40%, 11/04/2026, 1 mo. USD LIBOR + 4.250%

    2,935,325  
 

Lifescan Global Corp.

 

    3,816,958    

6.23%, 10/01/2024, 3 mo. USD LIBOR + 6.000%

    3,566,947  
    2,500,000    

10.68%, 10/01/2025, 3 mo. USD LIBOR + 9.500%

    2,170,825  
     

 

 

 
    8,673,097  
     

 

 

 
      Healthcare - Services - 6.1%  
 

Bio Lam LCD SELAS

 

EUR     3,768,800    

3.75%, 04/25/2026, 3 mo. EURIBOR + 3.750%

    4,268,627  
    4,350,000    

4.75%, 04/25/2026, 3 mo. EURIBOR + 4.750%

    5,002,900  
$     4,831,051    

Catalent Pharma Solutions, Inc.

3.25%, 05/17/2026, 3 mo. USD LIBOR + 2.250%

    4,800,857  
Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 86.5%(6) - (continued)  
      Healthcare - Services - 6.1% - (continued)  
$     9,367,667    

Dentalcorp Health Services ULC

4.75%, 06/06/2025, 3 mo. USD LIBOR + 3.750%(8)

  $ 9,008,604  
    4,962,121    

Envision Healthcare Corp. 3.90%, 10/10/2025, 3 mo. USD LIBOR + 3.750%

    3,526,728  
 

EyeCare Partners LLC

 

    3,681,954    

3.75%, 02/20/2027, 1 mo. USD LIBOR + 3.750%(8)

    3,480,993  
    15,700,904    

3.90%, 02/20/2027, 1 mo. USD LIBOR + 3.750%

    14,843,949  
    19,630,085    

Gentiva Health Services, Inc.

3.44%, 07/02/2025, 1 mo. USD LIBOR + 3.250%

    19,188,408  
EUR     3,401,235    

IQVIA, Inc. 2.00%, 06/11/2025, 1 mo. EURIBOR + 2.000%

    3,913,159  
$     11,441,325    

Loire Finco Luxembourg S.a.r.l.

3.65%, 04/20/2027, 1 mo. USD LIBOR + 3.500%

    10,926,465  
 

MED ParentCo L.P.

 

    4,140,479    

4.40%, 08/31/2026, 1 mo. USD LIBOR + 4.250%(8)

    3,930,019  
    16,511,322    

4.40%, 08/31/2026, 1 mo. USD LIBOR + 4.250%

    15,672,052  
    4,690,061    

Midwest Physician Administrative Services LLC

3.50%, 08/15/2024, 3 mo. USD LIBOR + 2.750%

    4,561,084  
    5,630,000    

Packaging Coordinators Midco, Inc.
0.00%, 09/25/2027(7)

    5,527,984  
     

 

 

 
    108,651,829  
     

 

 

 
      Household Products - 0.6%  
    13,111,823    

Revlon Consumer Products Corp.

4.25%, 09/07/2023, 1 mo. USD LIBOR + 3.500%

    3,277,956  
    6,935,000    

Weber-Stephen Products LLC
0.00%, 10/30/2027(7)

    6,861,350  
     

 

 

 
    10,139,306  
     

 

 

 
      Insurance - 6.4%  
    30,188,881    

Acrisure LLC 3.65%, 02/15/2027, 1 mo. USD LIBOR + 3.500%

    29,040,496  
 

Asurion LLC

 

    3,000,000    

0.00%, 08/04/2022, 1 mo. USD LIBOR + 2.750%(7)

    2,949,630  
    8,890,363    

3.15%, 11/03/2023, 1 mo. USD LIBOR + 3.000%

    8,718,157  
    9,000,082    

3.15%, 11/03/2024, 1 mo. USD LIBOR + 3.000%

    8,821,700  
    13,240,758    

6.65%, 08/04/2025, 3 mo. USD LIBOR + 6.000%

    13,240,758  
    4,000,000    

Camelot U.S. Acquisition 1 Co.
0.00%, 10/30/2026(7)

    3,951,680  
    17,893,522    

Hub International Ltd. 3.22%, 04/25/2025, 1 mo. USD LIBOR + 3.000%

    17,182,971  
    3,220,000    

Hyperion Insurance Group Ltd. 0.00%, 10/22/2027(7)

    3,203,900  
    2,625,000    

Ryan Specialty Group LLC 4.00%, 09/01/2027, 1 mo. USD LIBOR + 3.250%

    2,602,031  
    7,733,843    

Sedgwick Claims Management Services, Inc.

3.40%, 12/31/2025, 3 mo. USD LIBOR + 3.250%

    7,410,491  
    17,656,158    

USI, Inc. 3.22%, 05/16/2024, 3 mo. USD LIBOR + 3.000%

    16,990,344  
     

 

 

 
    114,112,158  
     

 

 

 
      Internet - 1.1%  
    2,972,550    

MH Sub LLC 4.75%, 09/15/2024, 1 mo. USD LIBOR + 3.750%

    2,918,687  
 

 

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

 

 

  57  

 


The Hartford Floating Rate Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 86.5%(6) - (continued)  
      Internet - 1.1% - (continued)  
$     7,732,557    

Rodan & Fields LLC 4.15%, 06/07/2025, 3 mo. USD LIBOR + 4.000%

  $ 5,606,104  
    12,370,968    

Shutterfly LLC 7.00%, 10/01/2026, 1 mo. USD LIBOR + 6.000%

    11,407,764  
     

 

 

 
    19,932,555  
     

 

 

 
      IT Services - 0.6%  
    5,331,638    

Surf Holdings LLC 3.75%, 03/05/2027, 1 mo. USD LIBOR + 3.500%

    5,157,027  
    5,090,056    

Tempo Acquisition LLC 0.00%, 10/31/2026, 1 mo. USD LIBOR + 3.250%(7)

    4,915,721  
     

 

 

 
    10,072,748  
     

 

 

 
      Leisure Time - 1.3%  
    8,698,200    

Carnival Corp. 8.50%, 06/30/2025, 1 mo. USD LIBOR + 7.500%

    8,750,389  
    14,062,233    

Hayward Industries, Inc. 3.65%, 08/04/2024, 3 mo. USD LIBOR + 3.500%

    13,652,038  
     

 

 

 
    22,402,427  
     

 

 

 
      Lodging - 1.8%  
    6,381,609    

Boyd Gaming Corp. 2.34%, 09/15/2023, 3 mo. USD LIBOR + 2.250%

    6,192,139  
    24,788,109    

Caesars Resort Collection LLC

2.90%, 12/22/2024, 3 mo. USD LIBOR + 2.750%

    23,183,822  
    3,605,689    

CityCenter Holdings LLC 3.00%, 04/18/2024, 3 mo. USD LIBOR + 2.250%

    3,384,840  
     

 

 

 
    32,760,801  
     

 

 

 
      Machinery - Diversified - 0.8%  
    4,120,000    

Filtration Group Corporation 0.00%, 03/29/2025(7)

    4,061,620  
EUR     1,530,000    

Vertical Midco GmbH 4.25%, 07/31/2027, 3 mo. EURIBOR + 4.250%

    1,773,183  
$     7,650,000    

Vertical U.S. Newco, Inc. 4.57%, 07/31/2027, 1 mo. USD LIBOR + 4.250%

    7,530,507  
     

 

 

 
    13,365,310  
     

 

 

 
      Media - 9.9%  
 

Adevinta ASA

 

EUR     4,250,000    

0.00%, 10/23/2027(7)

    4,939,616  
$     1,735,000    

0.00%, 10/23/2027(7)

    1,721,987  
    3,845,000    

Alliance Laundry Systems LLC 0.00%, 10/08/2027(7)

    3,806,550  
 

Altice Financing S.A.

 

EUR     2,701,450    

2.75%, 01/31/2026, 3 mo. EURIBOR + 2.750%

    3,019,733  
$     8,264,464    

2.90%, 01/31/2026, 3 mo. USD LIBOR + 2.750%

    7,858,101  
EUR     4,185,000    

Banijay Entertainment S.A.S 0.00%, 03/04/2025(7)

    4,786,717  
$     2,000,000    

Banijay Group U.S. Holding, Inc.

3.89%, 03/01/2025, 1 mo. USD LIBOR + 3.750%

    1,935,000  
    5,124,121    

Charter Communications Operating LLC

1.90%, 02/01/2027, 1 mo. USD LIBOR + 1.750%

    4,988,024  
 

CSC Holdings LLC

 

    9,689,850    

2.40%, 07/17/2025, 3 mo. USD LIBOR + 2.250%

    9,335,104  
    3,545,086    

2.65%, 04/15/2027, 1 mo. USD LIBOR + 2.500%

    3,427,212  
 

E.W. Scripps Co.

 

    3,795,656    

0.00%, 10/02/2024(7)

    3,673,891  
    11,616,332    

2.65%, 05/01/2026, 1 mo. USD LIBOR + 2.500%

    11,202,558  
    5,810,707    

Entravision Communications Corp.

2.90%, 11/30/2024, 3 mo. USD LIBOR + 2.750%

    5,495,941  
Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 86.5%(6) - (continued)  
      Media - 9.9% - (continued)  
$     15,523,054    

Gray Television, Inc. 2.65%, 01/02/2026, 3 mo. USD LIBOR + 2.500%

  $ 15,092,289  
    1,950,000    

Houghton Mifflin Harcourt Publishers, Inc.

7.25%, 11/22/2024, 1 mo. USD LIBOR + 6.250%

    1,808,625  
    23,344,070    

ION Media Networks, Inc. 3.19%, 12/18/2024, 1 mo. USD LIBOR + 3.000%

    23,073,046  
    3,222,138    

NEP Group, Inc. 3.40%, 10/20/2025, 3 mo. USD LIBOR + 3.250%

    2,898,120  
    9,295,089    

Nexstar Broadcasting, Inc. 2.90%, 09/19/2026, 1 mo. USD LIBOR + 2.750%

    9,044,122  
    1,690,000    

Radiate Holdco LLC 4.25%, 09/25/2026, 1 mo. USD LIBOR + 3.500%

    1,658,786  
 

UPC Broadband Holding B.V.

 

EUR     4,790,000    

0.00%, 01/31/2029(7)

    5,501,298  
$     26,220,000    

0.00%, 01/31/2029(7)

    25,531,724  
EUR     2,750,000    

Virgin Media Bristol LLC 0.00%, 01/31/2029(7)

    3,157,404  
 

Virgin Media SFA Finance Ltd.

 

    1,700,000    

2.50%, 01/31/2029, 3 mo. EURIBOR + 2.500%

    1,923,181  
GBP     6,075,000    

3.30%, 11/15/2027, 3 mo. GBP LIBOR + 3.250%

    7,564,247  
EUR     9,985,000    

Ziggo B.V. 3.00%, 01/31/2029, 3 mo. EURIBOR + 3.000%

    11,305,628  
$     2,750,000    

Ziggo Financing Partnership

2.65%, 04/30/2028, 1 mo. USD LIBOR + 2.500%

    2,634,995  
     

 

 

 
    177,383,899  
     

 

 

 
      Metal Fabricate/Hardware - 0.1%  
    1,307,759    

Ameriforge Group, Inc. 9.00%, 06/08/2022, 3 mo. USD LIBOR + 8.000%

    980,819  
     

 

 

 
      Miscellaneous Manufacturing - 0.6%  
    3,500,000    

Elevate Textiles, Inc. 9.37%, 05/01/2025, 3 mo. USD LIBOR + 9.000%

    1,575,000  
 

LTI Holdings, Inc.

 

    4,906,772    

3.65%, 09/06/2025, 3 mo. USD LIBOR + 3.500%

    4,559,814  
    1,140,000    

6.90%, 09/06/2026, 3 mo. USD LIBOR + 6.750%

    1,009,379  
 

Utex Industries, Inc.

 

    4,061,628    

0.00%, 05/22/2021, 3 mo. USD LIBOR + 5.000%(7)(9)

    1,202,242  
    3,000,000    

0.00%, 05/22/2022, 1 mo. USD LIBOR + 7.250%(7)(9)

    36,000  
    2,792,784    

Wilsonart LLC 0.00%, 12/19/2023, 3 mo. USD LIBOR + 3.250%(7)

    2,746,395  
     

 

 

 
    11,128,830  
     

 

 

 
      Oil & Gas - 0.1%  
    3,115,963    

KCA Deutag U.S. Finance LLC

9.75%, 02/28/2023, 3 mo. USD LIBOR + 8.750%

    1,398,288  
    13,043,359    

PES Holdings LLC 3.50%, 12/31/2022, 3 mo. USD LIBOR + 6.990%(9)

    978,252  
     

 

 

 
    2,376,540  
     

 

 

 
      Packaging & Containers - 2.0%  
    13,827,416    

Berry Global, Inc. 2.15%, 10/01/2022, 1 mo. USD LIBOR + 2.000%

    13,665,635  
 

Flex Acquisition Co., Inc.

 

    5,186,397    

3.48%, 06/29/2025, 3 mo. USD LIBOR + 3.250%

    4,980,549  
    14,230,798    

4.00%, 12/29/2023, 3 mo. USD LIBOR + 3.000%

    13,854,678  
    3,198,633    

Reynolds Group Holdings, Inc.

2.90%, 02/05/2023, 3 mo. USD LIBOR + 3.000%

    3,135,108  
     

 

 

 
    35,635,970  
     

 

 

 
 

 

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

 

 

  58  

 


The Hartford Floating Rate Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 86.5%(6) - (continued)  
      Pharmaceuticals - 3.2%  
$     2,599,767    

Bausch Health Americas, Inc.

3.15%, 06/01/2025, 3 mo. USD LIBOR + 3.000%

  $ 2,535,865  
    10,816,650    

Change Healthcare Holdings LLC

3.50%, 03/01/2024, 1 mo. USD LIBOR + 2.750%

    10,544,936  
    5,665,789    

Elanco Animal Health, Inc. 1.90%, 08/01/2027, 1 mo. USD LIBOR + 1.750%

    5,537,120  
    5,110,181    

Endo International plc 5.00%, 04/27/2024, 3 mo. USD LIBOR + 4.250%

    4,841,896  
EUR     5,066,460    

Grifols S.A. 2.25%, 11/15/2027, 3 mo. EURIBOR + 2.250%

    5,814,799  
$     7,060,000    

Milano Acquisition Corp. 4.75%, 10/01/2027, 1 mo. USD LIBOR + 4.000%

    6,930,590  
 

Pathway Vet Alliance LLC

 

    512,241    

4.00%, 03/31/2027, 1 mo. USD LIBOR + 4.000%(8)

    500,075  
    6,271,245    

4.15%, 03/31/2027, 1 mo. USD LIBOR + 4.000%

    6,122,303  
    14,577,221    

Sunshine Luxembourg S.a.r.l.

5.25%, 10/02/2026, 1 mo. USD LIBOR + 4.250%

    14,415,560  
     

 

 

 
    57,243,144  
     

 

 

 
      Pipelines - 4.6%  
 

BCP Raptor LLC

 

    5,041,256    

4.90%, 11/03/2025, 3 mo. USD LIBOR + 4.750%

    3,538,961  
    4,458,984    

5.25%, 06/30/2024, 3 mo. USD LIBOR + 4.250%

    3,656,367  
    14,683,023    

BCP Renaissance Parent LLC

4.50%, 11/01/2024, 3 mo. USD LIBOR + 3.500%

    13,453,320  
    18,277,016    

Cheniere Corpus Christi Holdings LLC

1.90%, 06/30/2024, 3 mo. USD LIBOR + 1.750%

    18,094,245  
    14,767,671    

Lower Cadence Holdings LLC

4.15%, 05/22/2026, 3 mo. USD LIBOR + 4.000%

    13,374,046  
    7,770,485    

Medallion Midland Acquisition LLC

4.25%, 10/30/2024, 3 mo. USD LIBOR + 3.250%

    7,255,691  
    9,757,004    

NorthRiver Midstream Finance L.P.

3.48%, 10/01/2025, 3 mo. USD LIBOR + 3.250%

    9,100,845  
    14,829,527    

Traverse Midstream Partners LLC

6.50%, 09/27/2024, 1 mo. USD LIBOR + 5.500%

    13,637,827  
     

 

 

 
    82,111,302  
     

 

 

 
      Real Estate - 1.0%  
    19,194,318    

VICI Properties LLC 1.90%, 12/22/2024, 1 mo. USD LIBOR + 1.750%

    18,402,553  
     

 

 

 
      Retail - 6.7%  
    23,740,881    

B.C. Unlimited Liability Co. 1.90%, 11/19/2026, 1 mo. USD LIBOR + 1.750%

    22,741,865  
    8,423,104    

Bass Pro Group LLC 5.75%, 09/25/2024, 3 mo. USD LIBOR + 5.000%

    8,388,907  
    2,817,775    

Beacon Roofing Supply, Inc.

2.40%, 01/02/2025, 3 mo. USD LIBOR + 2.250%

    2,723,999  
 

Coty, Inc.

 

    23,118,207    

2.39%, 04/05/2025, 3 mo. USD LIBOR + 2.250%

    20,185,200  
EUR     2,725,134    

2.50%, 04/05/2025, 3 mo. EURIBOR + 2.500%

    2,896,118  
$     12,368,587    

Harbor Freight Tools USA, Inc.

4.00%, 10/19/2027, 1 mo. USD LIBOR + 3.250%

    12,168,958  
Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 86.5%(6) - (continued)  
      Retail - 6.7% - (continued)  
$     15,383,389    

Michaels Stores, Inc. 4.25%, 10/01/2027, 1 mo. USD LIBOR + 3.500%

  $ 15,044,955  
    25,171,173    

PetSmart, Inc. 4.50%, 03/11/2022, 1 mo. USD LIBOR + 3.500%

    24,870,629  
    13,021,415    

Sports Authority, Inc. 0.00%, 11/16/2017, 3 mo. USD LIBOR + 6.000%(7)(9)

    13,021  
 

SRS Distribution, Inc.

 

    5,225,126    

3.15%, 05/24/2025, 3 mo. USD LIBOR + 3.000%

    5,055,309  
    2,740,303    

4.40%, 05/24/2025, 1 mo. USD LIBOR + 4.250%

    2,706,049  
    3,731,957    

Staples, Inc. 5.25%, 04/12/2026, 3 mo. USD LIBOR + 5.000%

    3,415,674  
     

 

 

 
    120,210,684  
     

 

 

 
      Semiconductors - 0.3%  
    4,947,781    

Microchip Technology, Inc. 2.15%, 05/29/2025, 3 mo. USD LIBOR + 2.000%

    4,888,012  
     

 

 

 
      Software - 7.9%  
    1,989,339    

By Crown Parent LLC 4.00%, 01/30/2026, 1 mo. USD LIBOR + 3.000%

    1,947,066  
    6,986,503    

CCC Information Services, Inc.

4.00%, 04/27/2024, 1 mo. USD LIBOR + 3.000%

    6,903,573  
    31,297,725    

DCert Buyer, Inc. 4.15%, 10/16/2026, 3 mo. USD LIBOR + 4.000%

    30,617,938  
    24,952,987    

Dun & Bradstreet Corp. 3.91%, 02/08/2026, 1 mo. USD LIBOR + 4.000%

    24,542,260  
    19,289,674    

Epicor Software Corp. 5.25%, 07/31/2027, 1 mo. USD LIBOR + 4.250%

    19,198,048  
 

Hyland Software, Inc.

 

    8,905,000    

0.00%, 07/01/2024, 1 mo. USD LIBOR + 3.500%(7)

    8,765,103  
    2,046,000    

7.75%, 07/10/2025, 3 mo. USD LIBOR + 7.000%

    2,022,123  
    490,528    

MA FinanceCo. LLC 2.65%, 06/21/2024, 3 mo. USD LIBOR + 2.750%

    461,097  
    1,970,000    

Navicure, Inc. 4.75%, 10/23/2026, 1 mo. USD LIBOR + 4.000%

    1,940,450  
    3,387,205    

Seattle Spinco, Inc. 2.65%, 06/21/2024, 3 mo. USD LIBOR + 2.750%

    3,183,972  
    19,285,097    

SS&C Technologies, Inc. 1.90%, 04/16/2025, 1 mo. USD LIBOR + 1.750%

    18,724,094  
   

Ultimate Software Group, Inc.

 
    9,218,442    

3.90%, 05/03/2026, 3 mo. USD LIBOR + 3.750%

    9,046,887  
    195,000    

7.50%, 05/03/2027, 1 mo. USD LIBOR + 6.750%

    197,925  
    5,896,385    

Western Digital Corp. 1.90%, 04/29/2023, 1 mo. USD LIBOR + 1.750%

    5,841,844  
    7,853,586    

Zelis Payments Buyer, Inc. 4.90%, 09/30/2026, 1 mo. USD LIBOR + 4.750%

    7,796,098  
     

 

 

 
        141,188,478  
     

 

 

 
      Telecommunications - 3.2%  
   

Altice France S.A.

 
    9,712,989    

2.90%, 07/31/2025, 3 mo. USD LIBOR + 2.750%

    9,260,850  
EUR     7,923,988    

3.00%, 07/31/2025, 3 mo. EURIBOR + 3.000%

    8,765,947  
$     5,292,550    

CenturyLink, Inc. 2.40%, 03/15/2027, 1 mo. USD LIBOR + 2.250%

    5,085,664  
    8,250,000    

LogMeIn, Inc. 4.89%, 08/31/2027, 1 mo. USD LIBOR + 4.750%

    7,987,073  
    2,938,977    

Maxar Technologies Ltd. 2.90%, 10/05/2024, 3 mo. USD LIBOR + 2.750%

    2,828,148  
    11,300,186    

MTN Infrastructure TopCo, Inc.

4.00%, 11/17/2024, 3 mo. USD LIBOR + 3.000%

    11,007,059  
 

 

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

 

 

  59  

 


The Hartford Floating Rate Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 86.5%(6) - (continued)  
      Telecommunications - 3.2% - (continued)  
$     12,490,000    

Telenet Financing USD LLC

2.15%, 04/30/2028, 6 mo. USD LIBOR + 2.000%

  $ 12,050,602  
     

 

 

 
        56,985,343  
     

 

 

 
   

Total Senior Floating Rate Interests
(cost $1,614,097,797)

  $ 1,542,613,386  
     

 

 

 
CONVERTIBLE BONDS - 0.1%  
      Entertainment - 0.1%  
    2,000,000    

Cinemark Holdings, Inc. 4.50%, 08/15/2025(1)

  $ 1,726,320  
     

 

 

 
      Media - 0.0%  
    950,000    

Scripps Escrow, Inc. 5.88%, 07/15/2027(1)

    923,875  
     

 

 

 
   

Total Convertible Bonds
(cost $2,728,878)

  $ 2,650,195  
     

 

 

 
COMMON STOCKS - 0.6%  
      Consumer Services - 0.0%  
    13,792    

Caesars Entertainment, Inc.*

  $ 618,158  
     

 

 

 
      Energy - 0.4%  
    2,037,975    

Ascent Resources - Marcellus LLC Class A*(10)(11)

    1,171,836  
    71,082    

Foresight Energy LLC*(10)(11)

    563,966  
    418,220,006    

KCA Deutag*(10)(11)(13)

    965,252  
    544,947    

Philadelphia Energy Solutions Class A*(10)(11)

    5,449  
    112,212    

Texgen Power LLC*(10)(11)

    3,759,102  
     

 

 

 
        6,465,605  
     

 

 

 
      Insurance - 0.2%  
    175,508    

AFG Holdings, Inc.

    2,895,882  
     

 

 

 
   

Total Common Stocks
(cost $27,560,485)

  $ 9,979,645  
     

 

 

 
EXCHANGE-TRADED FUNDS - 0.6%  
      Other Investment Pools & Funds - 0.6%  
    461,700    

Invesco Senior Loan ETF

  $ 9,926,550  
     

 

 

 
   

Total Exchange-Traded Funds
(cost $9,605,022)

  $ 9,926,550  
     

 

 

 
WARRANTS - 0.0%  
          Energy - 0.0%  
    719,301    

Ascent Resources - Marcellus LLC Expires 03/30/2023*(10)(11)

  $ 15,279  
    6,100    

Sable Permian Resources LLC Expires 10/24/09*(10)(11)

    109,800  
     

 

 

 
        125,079  
     

 

 

 
   

Total Warrants
(cost $71,755)

  $ 125,079  
     

 

 

 
   

Total Long-Term Investments
(cost $1,809,300,240)

  $ 1,721,180,496  
     

 

 

 
SHORT-TERM INVESTMENTS - 10.4%  
          Other Investment Pools & Funds - 10.4%  
    185,734,886    

BlackRock Liquidity Funds, FedFund Portfolio, Institutional Class, 0.04%(12)

  $ 185,734,886  
     

 

 

 
   

Total Short-Term Investments
(cost $185,734,886)

  $ 185,734,886  
     

 

 

 
   

Total Investments
(cost $1,995,035,126)

    106.9    $ 1,906,915,382  
   

Other Assets and Liabilities

    (6.9 )%       (122,486,150
     

 

 

    

 

 

 
   

Total Net Assets

    100.0    $ 1,784,429,232  
     

 

 

    

 

 

 
Note:

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

 

    

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

 

    

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

 

    

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

    

See “Glossary” for abbreviation descriptions.

 

*

Non-income producing.

 

(1) 

Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions that are exempt from registration (typically only to qualified institutional buyers) or in a public offering registered under the Securities Act of 1933. At October 31, 2020, the aggregate value of these securities was $64,197,278, representing 3.6% of net assets.

 

(2) 

Security is exempt from registration under Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. At October 31, 2020, the aggregate value of these securities was $6,945,781, representing 0.4% of net assets.

 

(3) 

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

 

(4) 

Variable or floating rate security, which interest rate adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. Rate shown is the rate in effect as of period end.

 

(5) 

Variable rate securities; the rate reported is the coupon rate in effect at October 31, 2020. Base lending rates may be subject to a floor or cap.

 

(6) 

Senior floating rate interests generally pay interest rates which are periodically adjusted by reference to a base short-term, floating lending rate plus a premium. The base lending rates are primarily the LIBOR, and secondarily the prime rate offered by one or more major United States banks (the “Prime Rate”) and the certificate of deposit rate or other base lending rates used by commercial lenders. Senior floating rate interests often require prepayments from excess cash flows or permit the borrower to repay at its election. The rate at which the borrower repays cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. Base lending rates may be subject to a floor or cap. Unless otherwise noted, the interest rate disclosed for these securities represents the rate in effect as of October 31, 2020.

 

(7) 

Represents an unsettled loan commitment. The coupon rate will be determined at time of settlement.

 

(8) 

This security, or a portion of this security, has unfunded loan commitments. As of October 31, 2020, the aggregate value of the unfunded commitment was $16,919,691, which rounds to 0.0% of total net assets.

 

(9) 

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

 

(10) 

Investment valued using significant unobservable inputs.

 

(11) 

These securities are valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At October 31, 2020, the aggregate fair value of these securities was $6,590,684, which represented 0.4% of total net assets. This amount excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors.

 

 

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

 

 

  60  

 


The Hartford Floating Rate Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

(12) 

Current yield as of period end.

 

(13) 

Investment in securities not registered under the Securities Act of 1933 (excluding securities acquired pursuant to Rule 144A and Regulation S). At the end of the period, the value of such restricted securities amounted to $965,252 or 0.1% of net assets.

 

Period
Acquired
    

Security Name

   Shares      Total Cost      Market Value  
  03/2011      KCA Deutag      418,220,006      $     5,667,717      $     965,252  
 

 

OTC Total Return Swap Contracts Outstanding at October 31, 2020  

Reference Entity

   Counterparty    Notional
Amount
     Payments
received (paid)
by the Fund
     Expiration
Date
     Periodic
Payment
Frequency
     Upfront
Premiums
Paid
     Upfront
Premiums
Received
    Market
Value
    Unrealized
Appreciation/
(Depreciation)
 

Markit iBoxx USD Liquid Leveraged Loan Index

   BCLY      USD       2,310,000        (1.00%)        03/20/2021        At Maturity      $      $ (139   $ 523,733     $ 523,872  

Markit iBoxx USD Liquid Leveraged Loan Index

   JPM      USD       2,845,000        (1.00%)        03/20/2021        At Maturity               (833     (34,963     (34,130

Markit iBoxx USD Liquid Leveraged Loan Index

   MSC      USD       6,790,000        (1.00%)        03/20/2021        At Maturity               (1,989     (49,655     (47,666

Markit iBoxx USD Liquid Leveraged Loan Index

   GSC      USD       26,865,000        (1.00%)        03/20/2021        At Maturity               (7,871     (158,018     (150,147

Markit iBoxx USD Liquid Leveraged Loan Index

   MSC      USD       20,650,000        (1.00%)        03/21/2021        At Maturity               (3,029     2,288,783       2,291,812  

Markit iBoxx USD Liquid Leveraged Loan Index

   GSC      USD       11,615,000        (1.00%)        05/22/2023        At Maturity               (28,722     95,732       124,454  

Markit iBoxx USD Liquid Leveraged Loan Index

   MSC      USD       9,285,000        (1.00%)        05/22/2023        At Maturity               (22,960     76,529       99,489  
                   

 

 

    

 

 

   

 

 

   

 

 

 

Total OTC total return swap contracts

                 $         —      $   (65,543   $   2,742,141     $   2,807,684  
                   

 

 

    

 

 

   

 

 

   

 

 

 

 

Foreign Currency Contracts Outstanding at October 31, 2020  
Amount and Description of
Currency to be Purchased
   Amount and Description of
Currency to be Sold
   Counterparty    Settlement
Date
    Appreciation     Depreciation  
  3,890,000      EUR      4,557,217      USD    RBC      11/30/2020     $     $ (23,733
  7,496,092      EUR      8,881,961      USD    CBK      11/30/2020             (145,866
  16,000,000      EUR      18,936,256      USD    UBS      11/30/2020             (289,535
  259,900,002      USD      219,347,294      EUR    CBK      11/30/2020       4,268,263        
  3,452,316      USD      2,917,000      EUR    UBS      11/30/2020       52,786        
  913,392      USD      772,000      EUR    BCLY      11/30/2020       13,688        
  15,149,965      USD      11,629,321      GBP    BCLY      11/30/2020       81,393        
                

 

 

   

 

 

 
 

Total Foreign Currency Contracts

    $     4,416,130     $     (459,134
                

 

 

   

 

 

 

 

 

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

 

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

 

 

  61  

 


The Hartford Floating Rate Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Fair Value Summary

The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.

 

Description

   Total     Level 1      Level 2     Level 3(1)  

Assets

 

Corporate Bonds

   $ 155,885,641     $      $ 155,885,641     $  

Senior Floating Rate Interests

     1,542,613,386              1,542,613,386        

Convertible Bonds

     2,650,195              2,650,195        

Common Stocks

 

Consumer Services

     618,158       618,158               

Energy

     6,465,605                    6,465,605  

Insurance

     2,895,882              2,895,882        

Exchange-Traded Funds

     9,926,550       9,926,550               

Warrants

     125,079                    125,079  

Short-Term Investments

     185,734,886       185,734,886               

Foreign Currency Contracts(2)

     4,416,130              4,416,130        

Swaps - Total Return(2)

     3,039,627              3,039,627        
  

 

 

   

 

 

    

 

 

   

 

 

 

Total

   $     1,914,371,139     $     196,279,594      $     1,711,500,861     $     6,590,684  
  

 

 

   

 

 

    

 

 

   

 

 

 

Liabilities

 

Foreign Currency Contracts(2)

   $ (459,134   $      $ (459,134   $  

Swaps - Total Return(2)

     (231,943            (231,943      
  

 

 

   

 

 

    

 

 

   

 

 

 

Total

   $     (691,077   $     —      $     (691,077   $     —  
  

 

 

   

 

 

    

 

 

   

 

 

 

 

(1) 

For the year ended October 31, 2020, investments valued at $68,118 were transferred into Level 3 due to the unavailability of active market pricing and there were no transfers out of Level 3.

 

(2) 

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

Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for year ended October 31, 2020 is not presented.

 

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

 

 

  62  

 


The Hartford Floating Rate High Income Fund

Schedule of Investments

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 11.6%  
      Advertising - 0.1%  
$     300,000    

Lamar Media Corp. 4.00%, 02/15/2030

  $ 302,625  
     

 

 

 
      Aerospace/Defense - 0.4%  
    1,180,000    

Boeing Co. 3.63%, 02/01/2031

    1,176,512  
     

 

 

 
      Airlines - 0.2%  
    200,000    

Bombardier, Inc. 7.50%, 12/01/2024(1)

    151,000  
    495,000    

United Airlines Class B Pass-Through Trust 5.88%, 04/15/2029

    496,114  
     

 

 

 
    647,114  
     

 

 

 
      Auto Parts & Equipment - 0.2%  
    350,000    

Adient Global Holdings Ltd. 4.88%, 08/15/2026(1)

    335,083  
EUR     325,000    

Clarios Global L.P. / Clarios U.S. Finance Co. 4.38%, 05/15/2026(2)

    379,496  
     

 

 

 
    714,579  
     

 

 

 
      Commercial Banks - 0.7%  
    1,310,000    

Banco Santander S.A. 1.00%, 12/15/2024(3)(4)

    1,306,511  
 

Freedom Mortgage Corp.

 

$     745,000    

7.63%, 05/01/2026(1)

    742,676  
    165,000    

8.13%, 11/15/2024(1)

    166,237  
    150,000    

8.25%, 04/15/2025(1)

    151,590  
     

 

 

 
    2,367,014  
     

 

 

 
      Commercial Services - 0.4%  
 

APX Group, Inc.

 

    165,000    

6.75%, 02/15/2027(1)

    172,013  
    500,000    

7.63%, 09/01/2023

    503,937  
EUR     200,000    

Q-Park Holding I B.V. 2.00%, 03/31/2026, 3 mo. EURIBOR + 2.000%(1)(5)

    201,037  
    425,000    

Verisure Midholding AB 5.75%, 12/01/2023(2)

    491,169  
     

 

 

 
    1,368,156  
     

 

 

 
      Construction Materials - 0.0%  
$     155,000    

Cornerstone Building Brands, Inc. 6.13%, 01/15/2029(1)

    158,340  
     

 

 

 
      Distribution/Wholesale - 0.2%  
EUR     495,000    

Parts Europe S.A. 6.50%, 07/16/2025(1)

    564,972  
     

 

 

 
      Diversified Financial Services - 0.1%  
$     180,000    

AerCap Ireland Capital DAC / AerCap Global Aviation Trust 3.65%, 07/21/2027

    169,834  
    200,000    

Fly Leasing Ltd. 5.25%, 10/15/2024

    167,275  
    145,000    

Genworth Mortgage Holdings, Inc. 6.50%, 08/15/2025(1)

    151,162  
     

 

 

 
    488,271  
     

 

 

 
      Electrical Components & Equipment - 0.1%  
    500,000    

WESCO Distribution, Inc. 5.38%, 12/15/2021

    499,375  
     

 

 

 
          Entertainment - 0.9%      
   

Caesars Entertainment, Inc.

 
    155,000    

6.25%, 07/01/2025(1)

    158,777  
    300,000    

8.13%, 07/01/2027(1)

    313,109  
   

Caesars Resort Collection LLC / CRC Finco, Inc.

 
    410,000    

5.25%, 10/15/2025(1)

    389,377  
    315,000    

5.75%, 07/01/2025(1)

    323,073  
 

Cinemark USA, Inc.

 

    950,000    

0.00%, 03/31/2025, 3 mo. USD LIBOR(6)

    835,658  
    780,000    

4.88%, 06/01/2023

    653,944  
    220,000    

5.13%, 12/15/2022

    190,850  
     

 

 

 
    2,864,788  
     

 

 

 
      Home Builders - 0.1%  
    475,000    

KB Home 7.00%, 12/15/2021

    494,000  
     

 

 

 
      Insurance - 0.3%  
 

Genworth Holdings, Inc.

 

    725,000    

4.80%, 02/15/2024

    663,375  
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 11.6% - (continued)  
      Insurance - 0.3% - (continued)  
$     375,000    

6.50%, 06/15/2034

  $ 352,020  
     

 

 

 
    1,015,395  
     

 

 

 
      Internet - 0.4%  
    700,000    

Photo Holdings Merger Sub, Inc. 8.50%, 10/01/2026(1)

    651,000  
EUR     670,000    

United Group B.V. 3.25%, 02/15/2026, 3 mo. EURIBOR + 3.250%(1)(5)

    729,673  
     

 

 

 
    1,380,673  
     

 

 

 
      Leisure Time - 0.7%  
$     605,000    

Carnival Corp. 10.50%, 02/01/2026(1)

    654,913  
EUR     1,000,000    

Carnival plc 1.00%, 10/28/2029

    652,204  
 

Royal Caribbean Cruises Ltd.

 

$     450,000    

3.70%, 03/15/2028

    328,500  
    165,000    

9.13%, 06/15/2023(1)

    171,806  
    300,000    

11.50%, 06/01/2025(1)

    343,125  
     

 

 

 
    2,150,548  
     

 

 

 
      Media - 0.4%  
EUR     210,000    

Banijay Group SAS 6.50%, 03/01/2026(1)

    236,995  
$     325,000    

CSC Holdings LLC 5.88%, 09/15/2022

    342,875  
    350,000    

Houghton Mifflin Harcourt Publishers, Inc. 9.00%, 02/15/2025(1)

    339,500  
GBP     120,000    

Virgin Media Vendor Financing Notes DAC 4.88%, 07/15/2028(1)

    154,488  
EUR     140,000    

Ziggo B.V. 2.88%, 01/15/2030(1)

    158,658  
     

 

 

 
    1,232,516  
     

 

 

 
      Office/Business Equipment - 0.0%  
$     140,000    

Xerox Corp. 4.50%, 05/15/2021

    142,100  
     

 

 

 
      Oil & Gas - 0.3%  
    300,000    

Gulfport Energy Corp. 6.63%, 05/01/2023

    164,475  
    175,000    

Jagged Peak Energy LLC 5.88%, 05/01/2026

    180,250  
    200,000    

QEP Resources, Inc. 5.38%, 10/01/2022

    176,000  
    565,000    

Vine Oil & Gas L.P. / Vine Oil & Gas Finance Corp. 8.75%, 04/15/2023(1)

    418,100  
     

 

 

 
    938,825  
     

 

 

 
      Oil & Gas Services - 0.2%  
    614,000    

Alpha Star Holding Ltd. 6.25%, 04/20/2022(2)

    581,765  
     

 

 

 
      Pharmaceuticals - 0.3%  
    500,000    

Bausch Health Cos., Inc. 5.50%, 11/01/2025(1)

    513,650  
EUR     290,000    

Rossini S.a.r.l. 3.88%, 10/30/2025, 3 mo. EURIBOR + 3.875%(1)(5)

    330,149  
     

 

 

 
    843,799  
     

 

 

 
      Pipelines - 0.2%  
 

EnLink Midstream Partners L.P.

 

$     265,000    

5.05%, 04/01/2045

    166,950  
    325,000    

5.45%, 06/01/2047

    208,744  
    225,000    

Tallgrass Energy Partners L.P. / Tallgrass Energy Finance Corp. 5.50%, 09/15/2024(1)

    216,221  
     

 

 

 
    591,915  
     

 

 

 
      Retail - 2.4%  
    1,130,000    

1011778 BC ULC / New Red Finance, Inc. 5.75%, 04/15/2025(1)

    1,204,038  
EUR     1,275,000    

EG Group Ltd. 0.00%, 02/06/2025, 3 mo. Euribor(6)

    1,373,930  
$     135,000    

Kohl’s Corp. 9.50%, 05/15/2025

    161,536  
    370,000    

Macy’s, Inc. 8.38%, 06/15/2025(1)

    386,317  
    145,000    

Michaels Stores, Inc.
4.75%, 10/01/2027(1)

    141,738  
EUR     1,900,000    

Peer Holding B.V. 3.25%, 03/08/2025, 3 mo. EURIBOR + 3.250%

    2,128,482  
$     300,000    

Specialty Building Products Holdings LLC / SBP Finance Corp. 6.38%, 09/30/2026(1)

    306,000  
 

 

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

 

 

  63  

 


The Hartford Floating Rate High Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 11.6% - (continued)  
      Retail - 2.4% - (continued)  
 

Staples, Inc.

 

$     2,250,000    

7.50%, 04/15/2026(1)

  $ 2,103,750  
    200,000    

10.75%, 04/15/2027(1)

    159,000  
     

 

 

 
    7,964,791  
     

 

 

 
      Telecommunications - 2.4%  
    1,200,000    

Altice France S.A. 5.13%, 01/15/2029(1)

    1,198,110  
    760,000    

Frontier Communications Corp. 0.00%, 10/08/2021(6)

    751,450  
EUR     2,827,660    

Lorca Finco plc 4.25%, 09/17/2027, 3 mo. EURIBOR + 4.250%

    3,280,884  
GBP     2,000,000    

Vmed O2 UK Financing I plc 4.00%, 01/31/2029(1)

    2,534,231  
     

 

 

 
    7,764,675  
     

 

 

 
      Trucking & Leasing - 0.6%  
$     910,000    

DAE Funding LLC 5.25%, 11/15/2021(1)

    921,521  
    940,000    

Fly Leasing Ltd. 6.38%, 10/15/2021

    933,871  
     

 

 

 
    1,855,392  
     

 

 

 
 

Total Corporate Bonds
(cost $37,548,986)

  $ 38,108,140  
     

 

 

 
SENIOR FLOATING RATE INTERESTS - 82.1%(7)  
      Advertising - 0.5%  
    1,748,396    

Terrier Media Buyer, Inc. 4.40%, 12/17/2026, 1 mo. USD LIBOR + 4.250%

  $ 1,699,231  
     

 

 

 
      Aerospace/Defense - 0.3%  
    305,000    

Spirit Aerosystems, Inc. 6.00%, 01/30/2025, 1 mo. USD LIBOR + 5.250%

    304,238  
    721,053    

TransDigm, Inc. 2.40%, 05/30/2025, 1 mo. USD LIBOR + 2.250%

    677,292  
     

 

 

 
    981,530  
     

 

 

 
      Airlines - 1.4%  
    1,688,625    

JetBlue Airways Corp. 6.25%, 06/17/2024, 1 mo. USD LIBOR + 5.250%

    1,679,135  
    1,040,000    

Mileage Plus Holdings LLC 6.25%, 06/25/2027, 1 mo. USD LIBOR + 5.250%

    1,055,402  
    1,960,000    

SkyMiles IP Ltd. 4.75%, 10/20/2027, 1 mo. USD LIBOR + 3.750%

    1,950,612  
     

 

 

 
    4,685,149  
     

 

 

 
      Asset-Backed - Finance & Insurance - 0.2%  
    785,000    

PAI Holdco, Inc. 0.00%, 10/28/2027(8)

    778,626  
     

 

 

 
      Auto Parts & Equipment - 0.8%  
    837,576    

Adient U.S. LLC 4.49%, 05/06/2024, 3 mo. USD LIBOR + 4.250%

    824,593  
    1,078,219    

First Brands Group LLC 8.50%, 02/20/2024, 1 mo. USD LIBOR + 7.500%

    1,067,437  
    863,896    

Panther BF Aggregator 23.65%, 04/30/2026, 3 mo. USD LIBOR + 3.500%

    837,763  
     

 

 

 
    2,729,793  
     

 

 

 
      Beverages - 0.5%  
EUR     1,500,000    

Refresco Holding B.V. 3.25%, 03/28/2025, 3 mo. EURIBOR + 3.250%

    1,708,070  
     

 

 

 
      Chemicals - 2.2%  
 

Diamond (BC) B.V.

 

$     1,518,567    

3.21%, 09/06/2024, 3 mo. USD LIBOR + 3.000%

    1,450,231  
EUR     1,997,886    

3.25%, 09/06/2024, 3 mo. EURIBOR + 3.250%

    2,229,693  
    3,140,000    

Froneri Lux FinCo S.a.r.l. 2.63%, 01/31/2027, 3 mo. EURIBOR + 2.625%

    3,556,434  
     

 

 

 
    7,236,358  
     

 

 

 
Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 82.1%(7) - (continued)  
      Commercial Services - 9.2%  
 

AlixPartners LLP

 

$     621,778    

2.65%, 04/04/2024, 1 mo. USD LIBOR + 2.500%

  $ 602,348  
EUR     1,211,550    

3.25%, 04/04/2024, 3 mo. EURIBOR + 3.250%

    1,390,163  
$     6,079,475    

APX Group, Inc. 7.25%, 12/31/2025, 1 mo. USD LIBOR + 4.000%

    5,922,077  
 

Belron Finance U.S. LLC

 

    441,663    

2.46%, 10/30/2026, 1 mo. USD LIBOR + 2.250%

    428,412  
    1,162,198    

2.74%, 11/07/2024, 3 mo. USD LIBOR + 2.500%

    1,130,238  
EUR     735,000    

Boels Topholding B.V. 4.00%, 01/14/2027, 3 mo. EURIBOR + 4.000%

    831,809  
$     3,560,648    

EVO Payments International LLC

3.40%, 12/22/2023, 3 mo. USD LIBOR + 3.250%

    3,513,469  
    1,497,519    

MPH Acquisition Holdings LLC 3.75%, 06/07/2023, 3 mo. USD LIBOR + 2.750%

    1,476,659  
EUR     7,110,241    

Nets Holding A/S 3.25%, 02/06/2025, 3 mo. EURIBOR + 3.250%

    8,060,090  
$     872,802    

Quikrete Holdings, Inc. 0.00%, 02/01/2027, 1 mo. USD LIBOR + 2.500%(8)

    854,691  
    844,254    

Refinitiv U.S. Holdings, Inc. 3.40%, 10/01/2025, 1 mo. USD LIBOR + 3.250%

    830,670  
 

Verisure Holding AB

 

EUR     962,277    

3.00%, 10/20/2022, 3 mo. EURIBOR + 3.000%

    1,101,855  
    1,935,000    

4.00%, 07/20/2026, 3 mo. EURIBOR + 4.000%

    2,242,330  
$     1,110,326    

Weight Watchers International, Inc.

5.50%, 11/29/2024, 3 mo. USD LIBOR + 4.750%

    1,106,995  
    897,722    

WEX, Inc. 2.40%, 05/15/2026, 3 mo. USD LIBOR + 2.250%

    864,057  
     

 

 

 
    30,355,863  
     

 

 

 
      Distribution/Wholesale - 0.6%  
    2,188,184    

American Builders & Contractors Supply Co., Inc.

2.15%, 01/15/2027, 1 mo. USD LIBOR + 2.000%

    2,121,510  
     

 

 

 
      Diversified Financial Services - 2.0%  
 

Blackhawk Network Holdings, Inc.

 

    5,837,358    

3.15%, 06/15/2025, 3 mo. USD LIBOR + 3.000%

    5,467,970  
    560,000    

7.19%, 06/15/2026, 3 mo. USD LIBOR + 7.000%

    502,600  
    795,121    

Minotaur Acquisition, Inc. 5.15%, 03/27/2026, 3 mo. USD LIBOR + 5.000%

    755,365  
     

 

 

 
    6,725,935  
     

 

 

 
      Engineering & Construction - 1.2%  
    2,208,344    

Brand Industrial Services, Inc. 5.25%, 06/21/2024, 3 mo. USD LIBOR + 4.250%

    2,050,999  
EUR     1,094,858    

Fluidra Finco S. L. 2.00%, 07/02/2025, 3 mo. EURIBOR + 2.000%

    1,255,209  
$     585,000    

PowerTeam Services LLC 8.25%, 03/06/2026, 3 mo. USD LIBOR + 7.250%

    520,650  
     

 

 

 
    3,826,858  
     

 

 

 
      Entertainment - 6.3%  
 

Crown Finance U.S., Inc.

 

EUR     204,682    

2.63%, 02/28/2025, 3 mo. EURIBOR + 2.625%

    131,706  
$     6,667,984    

2.77%, 02/28/2025, 3 mo. USD LIBOR + 2.500%

    3,707,932  
    3,104,182    

Penn National Gaming, Inc. 3.00%, 10/15/2025, 3 mo. USD LIBOR + 2.250%

    2,991,097  
    7,307,751    

Playtika Holding Corp. 7.00%, 12/10/2024, 1 mo. USD LIBOR + 6.000%

    7,302,782  
 

 

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

 

 

  64  

 


The Hartford Floating Rate High Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 82.1%(7) - (continued)  
      Entertainment - 6.3% - (continued)  
$     1,250,000    

Scientific Games International, Inc.

0.00%, 08/14/2024, 1 mo. USD LIBOR + 2.750%(8)

  $ 1,160,550  
    2,599,341    

UFC Holdings LLC 4.25%, 04/29/2026, 1 mo. USD LIBOR + 3.250%

    2,544,105  
    3,456,497    

William Morris Endeavor Entertainment LLC

2.90%, 05/18/2025, 3 mo. USD LIBOR + 2.750%

    2,928,137  
     

 

 

 
    20,766,309  
     

 

 

 
      Food - 1.8%  
    1,110,297    

Atkins Nutritionals Holdings, Inc.

4.75%, 07/07/2024, 1 mo. USD LIBOR + 3.750%

    1,106,833  
    1,986,699    

BellRing Brands LLC 6.00%, 10/21/2024, 1 mo. USD LIBOR + 5.000%

    1,991,169  
    557,175    

CHG PPC Parent LLC 2.90%, 03/31/2025, 3 mo. USD LIBOR + 2.750%

    537,674  
EUR     140,000    

Froneri Lux FinCo S.a.r.l. 5.75%, 01/31/2028, 3 mo. EURIBOR + 5.750%

    163,154  
 

Froneri U.S., Inc.

 

$     972,563    

2.40%, 01/31/2027, 1 mo. USD LIBOR + 2.250%

    934,720  
    200,000    

5.75%, 01/31/2028, 1 mo. USD LIBOR + 5.750%

    197,250  
    932,883    

U.S. Foods, Inc. 2.15%, 09/13/2026, 3 mo. USD LIBOR + 2.000%

    884,494  
     

 

 

 
    5,815,294  
     

 

 

 
      Food Service - 0.1%  
    263,675    

Aramark Services, Inc. 1.90%, 01/15/2027, 1 mo. USD LIBOR + 1.750%

    249,998  
     

 

 

 
      Hand/Machine Tools - 0.4%  
    1,385,000    

Applecaramel Buyer LLC 0.00%, 10/19/2027(8)

    1,363,477  
     

 

 

 
      Healthcare - Products - 0.5%  
    547,250    

CPI Holdco LLC 4.40%, 11/04/2026, 1 mo. USD LIBOR + 4.250%

    539,041  
 

Lifescan Global Corp.

 

    795,986    

6.23%, 10/01/2024, 3 mo. USD LIBOR + 6.000%

    743,849  
    500,000    

10.68%, 10/01/2025, 3 mo. USD LIBOR + 9.500%

    434,165  
     

 

 

 
    1,717,055  
     

 

 

 
      Healthcare - Services - 6.7%  
 

Bio Lam LCD SELAS

 

EUR     717,867    

3.75%, 04/25/2026, 3 mo. EURIBOR + 3.750%

    813,072  
    1,510,000    

4.75%, 04/25/2026, 3 mo. EURIBOR + 4.750%

    1,736,639  
$     1,019,101    

Catalent Pharma Solutions, Inc.

3.25%, 05/18/2026, 3 mo. USD LIBOR + 2.250%

    1,012,731  
    1,709,560    

Dentalcorp Health Services ULC

4.75%, 06/06/2025, 3 mo. USD LIBOR + 3.750%(9)

    1,644,033  
    744,318    

Envision Healthcare Corp. 3.90%, 10/10/2025, 3 mo. USD LIBOR + 3.750%

    529,009  
    980,676    

EyeCare Partners LLC 3.75%, 02/18/2027, 1 mo. USD LIBOR + 3.750%(9)

    927,151  
    4,181,885    

3.90%, 02/18/2027, 1 mo. USD LIBOR + 3.750%

    3,953,637  
    2,620,563    

Gentiva Health Services, Inc. 3.44%, 07/02/2025, 1 mo. USD LIBOR + 3.250%

    2,561,601  
    3,481,275    

Loire Finco Luxembourg S.a.r.l.

3.65%, 04/21/2027, 1 mo. USD LIBOR + 3.500%

    3,324,618  
Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 82.1%(7) - (continued)  
      Healthcare - Services - 6.7% - (continued)  
$     751,560    

MED ParentCo L.P. 4.40%, 08/31/2026, 1 mo. USD LIBOR + 4.250%(9)

  $ 713,358  
    2,997,056    

4.40%, 0/31/2026, 1 mo. USD LIBOR + 4.250%

    2,844,716  
    911,280    

Midwest Physician Administrative Services LLC

3.50%, 08/15/2024, 3 mo. USD LIBOR + 2.750%

    886,220  
    1,065,000    

Packaging Coordinators Midco, Inc. 0.00%, 09/25/2027(8)

    1,045,702  
     

 

 

 
        21,992,487  
     

 

 

 
          Household Products - 0.6%  
    2,835,072    

Revlon Consumer Products Corp.

4.25%, 09/07/2023, 1 mo. USD LIBOR + 3.500%

    708,768  
    1,265,000    

Weber-Stephen Products LLC 0.00%, 10/30/2027(8)

    1,251,566  
     

 

 

 
        1,960,334  
     

 

 

 
          Insurance - 7.4%  
    5,738,389    

Acrisure LLC 3.65%, 02/15/2027, 1 mo. USD LIBOR + 3.500%

    5,520,101  
   

Asurion LLC

 

    550,000    

0.00%, 08/04/2022, 1 mo. USD LIBOR + 2.750%(8)

    540,766  
    6,947,311    

3.15%, 11/03/2023, 1 mo. USD LIBOR + 3.000%

    6,809,740  
    4,645,303    

6.65%, 11/03/2024, 3 mo. USD LIBOR + 6.000%

    4,645,303  
    735,000    

Camelot U.S. Acquisition 1 Co. 0.00%, 10/30/2026(8)

    726,121  
   

Hyperion Insurance Group Ltd.

 

    314,120    

0.00%, 10/22/2027(8)

    312,550  
    260,880    

0.00%, 10/22/2027(8)

    259,575  
    524,997    

NFP Corp. 3.40%, 02/15/2027, 1 mo. USD LIBOR + 3.250%

    501,372  
    660,000    

Ryan Specialty Group LLC 4.00%, 09/01/2027, 1 mo. USD LIBOR + 3.250%

    654,225  
    1,388,239    

Sedgwick Claims Management Services, Inc.

3.40%, 12/31/2025, 3 mo. USD LIBOR + 3.250%

    1,330,197  
    3,253,296    

USI, Inc. 3.22%, 05/16/2024, 3 mo. USD LIBOR + 3.000%

    3,130,614  
     

 

 

 
        24,430,564  
     

 

 

 
          Internet - 1.1%  
    518,700    

MH Sub LLC 4.75%, 09/13/2024, 1 mo. USD LIBOR + 3.750%

    509,301  
    1,428,668    

Rodan & Fields LLC 4.15%, 06/16/2025, 3 mo. USD LIBOR + 4.000%

    1,035,785  
    2,216,129    

Shutterfly LLC 7.00%, 09/25/2026, 1 mo. USD LIBOR + 6.000%

    2,043,581  
     

 

 

 
        3,588,667  
     

 

 

 
          Leisure Time - 1.4%  
    1,980,038    

Carnival Corp. 8.50%, 06/30/2025, 1 mo. USD LIBOR + 7.500%

    1,991,918  
    2,592,265    

Hayward Industries, Inc. 3.65%, 08/05/2024, 3 mo. USD LIBOR + 3.500%

    2,516,648  
     

 

 

 
        4,508,566  
     

 

 

 
          Lodging - 1.1%  
    3,769,893    

Caesars Resort Collection LLC

2.90%, 12/23/2024, 3 mo. USD LIBOR + 2.750%

    3,525,906  
     

 

 

 
      Machinery - Diversified - 0.9%  
    735,000    

Filtration Group Corporation 0.00%, 03/29/2025(8)

    724,585  
 

 

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

 

 

  65  

 


The Hartford Floating Rate High Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 82.1%(7) - (continued)  
      Machinery - Diversified - 0.9% - (continued)  
EUR     265,000    

Vertical Midco GmbH 4.25%, 07/30/2027, 3 mo. EURIBOR + 4.250%

  $ 307,120  
$     1,795,000    

Vertical U.S. Newco, Inc. 4.57%, 07/30/2027, 1 mo. USD LIBOR + 4.250%

    1,766,962  
     

 

 

 
    2,798,667  
     

 

 

 
      Media - 8.5%  
 

Adevinta ASA

 

EUR     1,005,000    

0.00%, 10/23/2027(8)

    1,168,074  
$     420,000    

0.00%, 10/23/2027(8)

    416,850  
    715,000    

Alliance Laundry Systems LLC 0.00%, 10/08/2027(8)

    707,850  
EUR     1,355,000    

Banijay Entertainment S.A.S 0.00%, 03/04/2025(8)

    1,549,821  
$     605,000    

Banijay Group U.S. Holding, Inc.

3.89%, 03/01/2025, 1 mo. USD LIBOR + 3.750%

    585,337  
    1,641,709    

Charter Communications Operating LLC

1.90%, 02/01/2027, 1 mo. USD LIBOR + 1.750%

    1,598,105  
    523,643    

CSC Holdings LLC 2.40%, 07/17/2025, 3 mo. USD LIBOR + 2.250%

    504,473  
 

E.W. Scripps Co.

 

    699,203    

0.00%, 10/02/2024(8)

    676,773  
    2,039,699    

2.65%, 05/01/2026, 1 mo. USD LIBOR + 2.500%

    1,967,044  
    1,377,843    

Gray Television, Inc. 2.65%, 01/02/2026, 3 mo. USD LIBOR + 2.500%

    1,339,608  
    375,000    

Houghton Mifflin Harcourt Publishers, Inc.

0.00%, 11/22/2024, 1 mo. USD LIBOR + 6.250%(8)

    347,813  
    3,603,197    

ION Media Networks, Inc. 3.19%, 12/18/2024, 1 mo. USD LIBOR + 3.000%

    3,561,364  
    599,958    

NEP Group, Inc. 3.40%, 10/20/2025, 3 mo. USD LIBOR + 3.250%

    539,626  
    1,740,688    

Nexstar Broadcasting, Inc. 2.90%, 09/18/2026, 1 mo. USD LIBOR + 2.750%

    1,693,689  
    310,000    

Radiate Holdco LLC 4.25%, 09/25/2026, 1 mo. USD LIBOR + 3.500%

    304,274  
 

UPC Broadband Holding B.V.

 

    4,800,000    

0.00%, 01/31/2029(8)

    4,674,000  
EUR     2,620,000    

0.00%, 01/31/2029(8)

    3,009,060  
    685,000    

Virgin Media Bristol LLC 0.00%, 01/31/2029(8)

    786,481  
    300,000    

Virgin Media SFA Finance Ltd. 2.50%, 01/31/2029, 3 mo. EURIBOR + 2.500%

    339,385  
    995,000    

Ziggo B.V. 3.00%, 01/31/2029, 3 mo. EURIBOR + 3.000%

    1,126,600  
$     1,300,000    

Ziggo Financing Partnership 2.65%, 04/30/2028, 1 mo. USD LIBOR + 2.500%

    1,245,634  
     

 

 

 
    28,141,861  
     

 

 

 
      Metal Fabricate/Hardware - 0.1%  
    259,408    

Ameriforge Group, Inc. 9.00%, 06/08/2022, 3 mo. USD LIBOR + 8.000%

    194,556  
     

 

 

 
      Miscellaneous Manufacturing - 0.7%  
    1,500,000    

Elevate Textiles, Inc. 9.37%, 05/01/2025, 3 mo. USD LIBOR + 9.000%

    675,000  
 

LTI Holdings, Inc.

 

    913,868    

3.65%, 09/06/2025, 3 mo. USD LIBOR + 3.500%

    849,248  
    190,000    

6.90%, 09/06/2026, 3 mo. USD LIBOR + 6.750%

    168,230  
 

Utex Industries, Inc.

 

    750,000    

0.00%, 05/22/2022, 1 mo. USD LIBOR + 7.250%(8)(10)

    9,000  
    273,055    

8.25%, 05/22/2021, 3 mo. USD LIBOR + 5.000%(10)

    80,824  
Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 82.1%(7) - (continued)  
      Miscellaneous Manufacturing - 0.7% - (continued)  
$     523,647    

Wilsonart LLC 4.25%, 12/19/2023, 3 mo. USD LIBOR + 3.250%

  $ 514,949  
     

 

 

 
    2,297,251  
     

 

 

 
      Oil & Gas - 0.1%  
    576,377    

KCA Deutag U.S. Finance LLC

9.75%, 02/28/2023, 3 mo. USD LIBOR + 8.750%

    258,649  
     

 

 

 
      Packaging & Containers - 1.4%  
 

Flex Acquisition Co., Inc.

 

    2,466,069    

3.48%, 06/29/2025, 3 mo. USD LIBOR + 3.250%

    2,368,191  
    2,303,140    

4.00%, 12/29/2023, 3 mo. USD LIBOR + 3.000%

    2,242,267  
     

 

 

 
    4,610,458  
     

 

 

 
      Pharmaceuticals - 2.6%  
    817,272    

Change Healthcare Holdings LLC

3.50%, 03/01/2024, 1 mo. USD LIBOR + 2.750%

    796,742  
    1,393,275    

Elanco Animal Health, Inc. 1.90%, 08/01/2027, 1 mo. USD LIBOR + 1.750%

    1,361,634  
    1,511,139    

Endo International plc 5.00%, 04/29/2024, 3 mo. USD LIBOR + 4.250%

    1,431,804  
EUR     297,750    

Grifols S.A. 2.25%, 11/15/2027, 3 mo. EURIBOR + 2.250%

    341,729  
$     1,315,000    

Milano Acquisition Corp. 4.75%, 10/01/2027, 1 mo. USD LIBOR + 4.000%

    1,290,896  
 

Pathway Vet Alliance LLC

 

    85,687    

4.00%, 03/31/2027, 1 mo. USD LIBOR + 4.000%(9)

    83,652  
    1,049,042    

4.15%, 03/31/2027, 1 mo. USD LIBOR + 4.000%

    1,024,127  
    2,395,407    

Sunshine Luxembourg S.a.r.l. 5.25%, 10/01/2026, 1 mo. USD LIBOR + 4.250%

    2,368,842  
     

 

 

 
    8,699,426  
     

 

 

 
      Pipelines - 4.0%  
 

BCP Raptor LLC

 

    1,869,355    

4.90%, 11/03/2025, 3 mo. USD LIBOR + 4.750%

    1,312,287  
    835,889    

5.25%, 06/24/2024, 3 mo. USD LIBOR + 4.250%

    685,429  
    2,526,094    

BCP Renaissance Parent LLC 4.50%, 10/31/2024, 3 mo. USD LIBOR + 3.500%

    2,314,534  
    1,589,306    

Cheniere Corpus Christi Holdings LLC

1.90%, 06/30/2024, 3 mo. USD LIBOR + 1.750%

    1,573,413  
    2,738,041    

Lower Cadence Holdings LLC 4.15%, 05/22/2026, 3 mo. USD LIBOR + 4.000%

    2,479,652  
    1,471,120    

Medallion Midland Acquisition LLC 4.25%, 1/30/2024, 3 mo. USD LIBOR + 3.250%

    1,373,658  
    1,762,126    

NorthRiver Midstream Finance L.P.

3.48%, 10/01/2025, 3 mo. USD LIBOR + 3.250%

    1,643,623  
    1,989,545    

Traverse Midstream Partners LLC

6.50%, 09/27/2024, 1 mo. USD LIBOR + 5.500%

    1,829,665  
     

 

 

 
    13,212,261  
     

 

 

 
      Retail - 7.1%  
    3,670,476    

B.C. Unlimited Liability Co. 1.90%, 11/19/2026, 1 mo. USD LIBOR + 1.750%

    3,516,022  
    1,683,728    

Bass Pro Group LLC 5.75%, 09/25/2024, 3 mo. USD LIBOR + 5.000%

    1,676,892  
    523,657    

Beacon Roofing Supply, Inc. 2.40%, 01/02/2025, 3 mo. USD LIBOR + 2.250%

    506,230  
 

 

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

 

 

  66  

 


The Hartford Floating Rate High Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 82.1%(7) - (continued)  
      Retail - 7.1% - (continued)  
 

Coty, Inc.

 

$     4,543,307    

2.39%, 04/07/2025, 3 mo. USD LIBOR + 2.250%

  $ 3,966,897  
EUR     928,498    

2.50%, 04/07/2025, 3 mo. EURIBOR + 2.500%

    986,754  
$     3,118,671    

Harbor Freight Tools USA, Inc.

4.00%, 10/19/2027, 1 mo. USD LIBOR + 3.250%

    3,068,336  
    3,012,466    

Michaels Stores, Inc. 4.25%, 10/01/2027, 1 mo. USD LIBOR + 3.500%

    2,946,192  
    5,072,778    

PetSmart, Inc. 4.50%, 03/11/2022, 1 mo. USD LIBOR +3.500%

    5,012,209  
    2,009,604    

Sports Authority, Inc. 0.00%, 11/16/2020, 3 mo. USD LIBOR + 6.000%(8)(10)

    2,010  
    1,217,415    

SRS Distribution, Inc. 3.15%, 05/23/2025, 3 mo. USD LIBOR + 3.000%

    1,177,849  
    556,157    

Staples, Inc. 5.25%, 04/16/2026, 3 mo. USD LIBOR + 5.000%

    509,023  
     

 

 

 
        23,368,414  
     

 

 

 
          Software - 6.9%      
    5,477,475    

DCert Buyer, Inc. 4.15%, 10/16/2026, 3 mo. USD LIBOR + 4.000%

    5,358,504  
    5,070,115    

Dun & Bradstreet Corp. 3.91%, 02/06/2026, 1 mo. USD LIBOR + 4.000%

    4,986,661  
    4,179,219    

Epicor Software Corp. 5.25%, 07/30/2027, 1 mo. USD LIBOR + 4.250%

    4,159,367  
   

Hyland Software, Inc.

 
    1,670,000    

0.00%, 07/01/2024, 1 mo. USD LIBOR + 3.500%(8)

    1,643,764  
    712,800    

7.75%, 07/07/2025, 3 mo. USD LIBOR + 7.000%

    704,482  
    370,000    

Navicure, Inc. 4.75%, 10/22/2026, 1 mo. USD LIBOR + 4.000%

    364,450  
    1,827,443    

SS&C Technologies, Inc. 1.90%, 04/16/2025, 1 mo. USD LIBOR + 1.750%

    1,774,283  
   

Ultimate Software Group, Inc.

 
    1,842,148    

3.90%, 05/04/2026, 3 mo. USD LIBOR + 3.750%

    1,807,866  
    105,000    

7.50%, 0503/2027, 1 mo. USD LIBOR + 6.750%

    106,575  
    1,736,004    

Zelis Payments Buyer, Inc. 4.90%, 09/30/2026, 1 mo. USD LIBOR + 4.750%

    1,723,297  
     

 

 

 
        22,629,249  
     

 

 

 
          Telecommunications - 3.5%      
   

Altice France S.A.

 
    3,532,967    

2.90%, 07/31/2025, 3 mo. USD LIBOR + 2.750%

    3,368,507  
EUR     1,437,749    

3.00%, 07/31/2025, 3 mo. EURIBOR + 3.000%

    1,590,516  
$     520,068    

CenturyLink, Inc. 2.40%, 03/15/2027, 1 mo. USD LIBOR + 2.250%

    499,738  
    1,750,000    

LogMeIn, Inc. 4.89%, 08/31/2027, 1 mo. USD LIBOR + 4.750%

    1,694,228  
    417,327    

Maxar Technologies Ltd. 2.90%, 10/04/2024, 3 mo. USD LIBOR + 2.750%

    401,589  
    2,169,280    

MTN Infrastructure TopCo, Inc.

4.00%, 11/15/2024, 3 mo. USD LIBOR + 3.000%

    2,113,009  
    1,775,000    

Telenet Financing USD LLC 2.15%, 04/30/2028, 6 mo. USD LIBOR + 2.000%

    1,712,556  
     

 

 

 
        11,380,143  
     

 

 

 
   

Total Senior Floating Rate Interests
(cost $280,578,529)

  $ 270,358,515  
     

 

 

 
Shares or Principal Amount   Market Value  
COMMON STOCKS - 0.4%  
          Energy - 0.2%      
$     190,736    

Ascent Resources - Marcellus LLC Class A*(11)(12)

  $ 109,673  
    13,823    

Foresight Energy LLC*(11)(12)

    109,670  
    13,865    

Texgen Power LLC*(11)(12)

    464,478  
     

 

 

 
        683,821  
     

 

 

 
          Insurance - 0.2%      
    34,814    

AFG Holdings, Inc.

    574,431  
     

 

 

 
   

Total Common Stocks
(cost $2,358,498)

  $ 1,258,252  
     

 

 

 
CONVERTIBLE BONDS - 0.2%  
          Entertainment - 0.1%  
    650,000    

Cinemark Holdings, Inc. 4.50%, 08/15/2025(1)

  $ 561,054  
     

 

 

 
          Media - 0.1%      
    175,000    

Scripps Escrow, Inc. 5.88%, 07/15/2027(1)

    170,188  
     

 

 

 
   

Total Convertible Bonds
(cost $765,034)

  $ 731,242  
     

 

 

 
EXCHANGE-TRADED FUNDS - 3.1%  
          Other Investment Pools & Funds - 3.1%  
    468,100    

Invesco Senior Loan ETF

  $ 10,064,150  
     

 

 

 
   

Total Exchange-Traded Funds
(cost $9,747,525)

  $ 10,064,150  
     

 

 

 
WARRANTS - 0.0%  
          Energy - 0.0%      
    94,294    

Ascent Resources - Marcellus LLC Expires 03/30/2023*(11)(12)

  $ 2,838  
    600    

Sable Permian Resources LLC Expires 10/24/09*(11)(12)

    10,800  
     

 

 

 
        13,638  
     

 

 

 
   

Total Warrants
(cost $10,874)

  $ 13,638  
     

 

 

 
   

Total Long-Term Investments
(cost $331,009,446)

  $ 320,533,937  
     

 

 

 
SHORT-TERM INVESTMENTS - 7.1%  
          Other Investment Pools & Funds - 7.1%  
    23,303,069    

BlackRock Liquidity Funds, FedFund Portfolio, Institutional Class, 0.04%(13)

  $ 23,303,069  
     

 

 

 
   

Total Short-Term Investments
(cost $23,303,069)

  $ 23,303,069  
     

 

 

 
   

Total Investments
(cost $354,312,515)

    104.5   $ 343,837,006  
   

Other Assets and Liabilities

    (4.5 )%      (14,693,885
     

 

 

   

 

 

 
   

Total Net Assets

    100.0   $ 329,143,121  
     

 

 

   

 

 

 

 

Note:

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

 

    

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

 

    

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

 

 

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

 

 

  67  

 


The Hartford Floating Rate High Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

    

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

    

See “Glossary” for abbreviation descriptions.

 

*

Non-income producing.

 

(1) 

Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions that are exempt from registration (typically only to qualified institutional buyers) or in a public offering registered under the Securities Act of 1933. At October 31, 2020, the aggregate value of these securities was $18,582,671, representing 5.6% of net assets.

 

(2) 

Security is exempt from registration under Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. At October 31, 2020, the aggregate value of these securities was $1,452,430, representing 0.4% of net assets.

 

(3) 

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

 

(4) 

Variable or floating rate security, which interest rate adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. Rate shown is the rate in effect as of period end.

 

(5) 

Variable rate securities; the rate reported is the coupon rate in effect at October 31, 2020. Base lending rates may be subject to a floor or cap.

 

(6) 

Security is a zero-coupon bond.

(7) 

Senior floating rate interests generally pay interest rates which are periodically adjusted by reference to a base short-term, floating lending rate plus a premium. The base lending rates are primarily the LIBOR, and secondarily the prime rate offered by one or more major United States banks (the “Prime Rate”) and the certificate of deposit rate or other base lending rates used by commercial lenders. Senior floating rate interests often require prepayments from excess cash flows or permit the borrower to repay at its election. The rate at which the borrower repays cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. Base lending rates may be subject to a floor or cap. Unless otherwise noted, the interest rate disclosed for these securities represents the rate in effect as of October 31, 2020.

 

(8) 

Represents an unsettled loan commitment. The coupon rate will be determined at time of settlement.

 

(9) 

This security, or a portion of this security, has unfunded loan commitments. As of October 31, 2020, the aggregate value of the unfunded commitment was $3,368,194, which rounds to 1.0% of total net assets.

 

(10) 

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

 

(11) 

Investment valued using significant unobservable inputs.

 

(12) 

These securities are valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At October 31, 2020, the aggregate fair value of these securities was $697,459, which represented 0.2% of total net assets. This amount excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors.

 

(13) 

Current yield as of period end.

 
OTC Total Return Swap Contracts Outstanding at October 31, 2020  

Reference Entity

   Counterparty    Notional
Amount
     Payments
received (paid)
by the Fund
   Expiration
Date
     Periodic
Payment
Frequency
     Upfront
Premiums
Paid
     Upfront
Premiums
Received
    Market
Value
    Unrealized
Appreciation/
(Depreciation)
 

Markit iBoxx USD Liquid Leveraged Loan Index

   MSC      USD       705,000      (1.00%)      12/20/2020        At Maturity      $      $ (1,744   $ 5,810     $ 7,554  

Markit iBoxx USD Liquid Leveraged Loan Index

   BCLY      USD       1,400,000      (1.00%)      03/20/2021        At Maturity               (84     317,414       317,498  

Markit iBoxx USD Liquid Leveraged Loan Index

   JPM      USD       755,000      (1.00%)      03/20/2021        At Maturity               (221     (9,279     (9,058

Markit iBoxx USD Liquid Leveraged Loan Index

   MSC      USD       1,810,000      (1.00%)      03/20/2021        At Maturity               (530     (13,236     (12,706

Markit iBoxx USD Liquid Leveraged Loan Index

   GSC      USD       7,155,000      (1.00%)      03/20/2021        At Maturity               (2,096     (42,085     (39,989

Markit iBoxx USD Liquid Leveraged Loan Index

   MSC      USD       4,350,000      (1.00%)      03/21/2021        At Maturity               (638     482,141       482,779  
                   

 

 

    

 

 

   

 

 

   

 

 

 

Total OTC total return swap contracts

         $     —      $     (5,313   $     740,765     $     746,078  
                   

 

 

    

 

 

   

 

 

   

 

 

 

 

Foreign Currency Contracts Outstanding at October 31, 2020  
Amount and Description of
Currency to be Purchased
   Amount and Description of
Currency to be Sold
   Counterparty      Settlement
Date
    Appreciation     Depreciation  
  275,498      EUR      326,432      USD      CBK        11/30/2020     $     $ (5,361
  1,015,000      EUR      1,189,094      USD      RBC        11/30/2020             (6,192
  5,382,000      EUR      6,367,853      USD      GSC        11/30/2020             (95,562
  57,980,946      USD      48,934,065      EUR      CBK        11/30/2020       952,205        
  2,720,122      USD      2,299,000      EUR      JPM        11/30/2020       40,821        
  182,205      USD      154,000      EUR      BCLY        11/30/2020       2,730        
  2,751,384      USD      2,112,000      GBP      BCLY        11/30/2020       14,782        
                

 

 

   

 

 

 
 

Total Foreign Currency Contracts

        $     1,010,538     $     (107,115
                

 

 

   

 

 

 

 

 

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

 

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

 

 

  68  

 


The Hartford Floating Rate High Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Fair Value Summary

The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.

 

Description

   Total     Level 1      Level 2     Level 3(1)  

Assets

         

Corporate Bonds

   $ 38,108,140     $      $ 38,108,140     $  

Senior Floating Rate Interests

     270,358,515              270,358,515        

Common Stocks

         

Energy

     683,821                    683,821  

Insurance

     574,431              574,431        

Convertible Bonds

     731,242              731,242        

Exchange-Traded Funds

     10,064,150       10,064,150               

Warrants

     13,638                    13,638  

Short-Term Investments

     23,303,069       23,303,069               

Foreign Currency Contracts(2)

     1,010,538              1,010,538        

Swaps - Total Return(2)

     807,831              807,831        
  

 

 

   

 

 

    

 

 

   

 

 

 

Total

   $     345,655,375     $     33,367,219      $     311,590,697     $     697,459  
  

 

 

   

 

 

    

 

 

   

 

 

 

Liabilities

         

Foreign Currency Contracts(2)

   $ (107,115   $      $ (107,115   $  

Swaps - Total Return(2)

     (61,753            (61,753      
  

 

 

   

 

 

    

 

 

   

 

 

 

Total

   $ (168,868   $      $ (168,868   $  
  

 

 

   

 

 

    

 

 

   

 

 

 

 

(1) 

For the year ended October 31, 2020, there were no transfers in and out of Level 3.

 

(2) 

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

Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for year ended October 31, 2020 is not presented.

 

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

 

 

  69  

 


The Hartford High Yield Fund

Schedule of Investments

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 90.0%  
      Advertising - 0.4%  
 

Lamar Media Corp.

 

$     280,000    

3.75%, 02/15/2028

  $ 278,869  
    965,000    

5.75%, 02/01/2026

    998,485  
     

 

 

 
    1,277,354  
     

 

 

 
      Aerospace/Defense - 2.5%  
 

Bombardier, Inc.

 

    2,265,000    

6.13%, 01/15/2023(1)

    1,954,129  
    885,000    

7.88%, 04/15/2027(1)

    644,696  
 

DAE Funding LLC

 

    430,000    

4.50%, 08/01/2022(1)

    432,150  
    865,000    

5.00%, 08/01/2024(1)

    873,996  
 

TransDigm, Inc.

 

    2,150,000    

5.50%, 11/15/2027

    2,098,937  
    2,780,000    

6.25%, 03/15/2026(1)

    2,898,122  
     

 

 

 
    8,902,030  
     

 

 

 
      Apparel - 0.7%  
    1,250,000    

G-III Apparel Group Ltd.
7.88%, 08/15/2025(1)

    1,265,625  
    1,200,000    

PVH Corp. 4.63%, 07/10/2025

    1,266,001  
     

 

 

 
    2,531,626  
     

 

 

 
      Auto Manufacturers - 1.9%  
 

Ford Motor Co.

 

    1,560,000    

4.75%, 01/15/2043

    1,440,972  
    975,000    

8.50%, 04/21/2023

    1,076,156  
 

Ford Motor Credit Co. LLC

 

    3,530,000    

4.54%, 08/01/2026

    3,591,775  
    850,000    

5.13%, 06/16/2025

    885,947  
     

 

 

 
    6,994,850  
     

 

 

 
      Auto Parts & Equipment - 1.2%  
 

Adient Global Holdings Ltd.

 

EUR     1,225,000    

3.50%, 08/15/2024(2)

    1,329,359  
$     2,035,000    

4.88%, 08/15/2026(1)

    1,948,268  
    1,200,000    

Clarios Global L.P. / Clarios U.S. Finance Co.
8.50%, 05/15/2027(1)

    1,251,780  
     

 

 

 
    4,529,407  
     

 

 

 
      Biotechnology - 0.0%  
    160,000    

Emergent BioSolutions, Inc.
3.88%, 08/15/2028(1)

    160,800  
     

 

 

 
      Commercial Banks - 1.2%  
EUR     1,675,000    

Banca Monte dei Paschi di Siena S.p.A.
5.38%, 01/18/2028, (5.38% fixed rate until 01/18/2023; 5 year EUR Swap + 5.005% thereafter)(2)(3)

    1,507,179  
$     2,515,000    

Credit Suisse Group AG
6.25%, 12/18/2024, (6.25% fixed rate until 12/18/2024; 5 year USD Swap + 3.455% thereafter)(2)(3)(4)

    2,678,475  
     

 

 

 
    4,185,654  
     

 

 

 
      Commercial Services - 2.9%  
    1,012,000    

APX Group, Inc. 7.88%, 12/01/2022

    1,008,564  
    1,710,000    

Ashtead Capital, Inc. 4.00%, 05/01/2028(1)

    1,782,675  
    120,000    

Cardtronics, Inc. / Cardtronics USA, Inc.
5.50%, 05/01/2025(1)

    121,050  
    1,650,000    

Herc Holdings, Inc. 5.50%, 07/15/2027(1)

    1,695,581  
EUR     2,100,000    

La Financiere Atalian SASU
4.00%, 05/15/2024(2)

    2,111,865  
    1,550,000    

Loxam SAS 3.25%, 01/14/2025(2)

    1,676,655  
 

Service Corp. International

 

$     460,000    

4.63%, 12/15/2027

    486,740  
    355,000    

5.13%, 06/01/2029

    387,955  
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 90.0% - (continued)  
      Commercial Services - 2.9% - (continued)  
$     1,025,000    

United Rentals North America, Inc.
5.88%, 09/15/2026

  $ 1,078,684  
     

 

 

 
    10,349,769  
     

 

 

 
      Construction Materials - 1.1%  
    1,635,000    

Builders FirstSource, Inc.
5.00%, 03/01/2030(1)

    1,724,925  
    820,000    

Norbord, Inc. 5.75%, 07/15/2027(1)

    861,000  
 

Standard Industries, Inc.

 

    1,045,000    

3.38%, 01/15/2031(1)

    1,017,134  
    520,000    

4.75%, 01/15/2028(1)

    543,400  
     

 

 

 
    4,146,459  
     

 

 

 
      Distribution/Wholesale - 1.7%  
    1,000,000    

American Builders & Contractors Supply Co., Inc. 4.00%, 01/15/2028(1)

    1,015,000  
    1,010,000    

Core & Main Holdings L.P. (8.63% Cash, 9.38% PIK) 8.63%, 09/15/2024(1)(5)

    1,017,575  
    600,000    

IAA, Inc. 5.50%, 06/15/2027(1)

    630,750  
EUR     2,655,000    

Parts Europe S.A. 6.50%, 07/16/2025(2)

    3,030,303  
$     550,000    

Performance Food Group, Inc.
5.50%, 10/15/2027(1)

    563,750  
     

 

 

 
    6,257,378  
     

 

 

 
      Diversified Financial Services - 4.6%  
 

Credit Acceptance Corp.

 

    730,000    

5.13%, 12/31/2024(1)

    724,525  
    1,445,000    

6.63%, 03/15/2026

    1,499,188  
    955,000    

Fly Leasing Ltd. 5.25%, 10/15/2024

    798,738  
    2,000,000    

Genworth Mortgage Holdings, Inc.
6.50%, 08/15/2025(1)

    2,085,000  
    1,745,000    

goeasy Ltd. 5.38%, 12/01/2024(1)

    1,762,450  
    1,795,000    

LD Holdings Group LLC
6.50%, 11/01/2025(1)

    1,821,925  
    1,070,000    

PennyMac Financial Services, Inc.
5.38%, 10/15/2025(1)

    1,091,079  
 

Springleaf Finance Corp.

 

    2,610,000    

5.38%, 11/15/2029

    2,681,879  
    430,000    

6.13%, 03/15/2024

    452,017  
    715,000    

6.88%, 03/15/2025

    786,500  
    2,860,000    

Tempo Acquisition LLC / Tempo Acquisition Finance Corp. 6.75%, 06/01/2025(1)

    2,902,185  
     

 

 

 
    16,605,486  
     

 

 

 
      Engineering & Construction - 0.1%  
    330,000    

United Rentals North America, Inc.
3.88%, 02/15/2031

    333,300  
     

 

 

 
      Entertainment - 3.4%  
 

Caesars Entertainment, Inc.

 

    1,340,000    

6.25%, 07/01/2025(1)

    1,372,653  
    955,000    

8.13%, 07/01/2027(1)

    996,729  
 

Caesars Resort Collection LLC / CRC Finco, Inc.

 
    1,370,000    

5.25%, 10/15/2025(1)

    1,301,089  
    440,000    

5.75%, 07/01/2025(1)

    451,277  
EUR     1,675,000    

Cirsa Finance International S.a.r.l.
6.25%, 12/20/2023(2)

    1,721,431  
$     1,920,000    

Jacobs Entertainment, Inc.
7.88%, 02/01/2024(1)

    1,881,600  
    2,610,000    

Penn National Gaming, Inc.
5.63%, 01/15/2027(1)

    2,669,247  
EUR     1,650,000    

Scientific Games International, Inc.
5.50%, 02/15/2026(2)

    1,772,743  
     

 

 

 
    12,166,769  
     

 

 

 
 

 

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

 

 

  70  

 


The Hartford High Yield Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 90.0% - (continued)  
      Environmental Control - 1.3%  
$     1,307,000    

Clean Harbors, Inc. 4.88%, 07/15/2027(1)

  $ 1,365,815  
    975,000    

Stericycle, Inc. 5.38%, 07/15/2024(1)

    1,013,746  
    2,551,000    

Tervita Corp. 7.63%, 12/01/2021(1)

    2,448,960  
     

 

 

 
    4,828,521  
     

 

 

 
      Food - 2.7%  
    740,000    

B&G Foods, Inc. 5.25%, 09/15/2027

    765,900  
 

Kraft Heinz Foods Co.

 

    920,000    

3.75%, 04/01/2030(1)

    966,644  
    1,215,000    

4.25%, 03/01/2031(1)

    1,318,459  
 

Post Holdings, Inc.

 

    630,000    

4.63%, 04/15/2030(1)

    647,325  
    2,520,000    

5.00%, 08/15/2026(1)

    2,613,240  
    1,395,000    

5.63%, 01/15/2028(1)

    1,471,725  
    990,000    

5.75%, 03/01/2027(1)

    1,037,233  
    1,101,000    

TreeHouse Foods, Inc.
4.00%, 09/01/2028

    1,102,376  
     

 

 

 
    9,922,902  
     

 

 

 
      Gas - 0.7%  
 

AmeriGas Partners L.P. / AmeriGas Finance Corp.

 
    924,000    

5.50%, 05/20/2025

    988,680  
    338,000    

5.75%, 05/20/2027

    370,370  
    1,128,000    

5.88%, 08/20/2026

    1,235,578  
     

 

 

 
    2,594,628  
     

 

 

 
      Healthcare - Products - 1.3%  
    1,740,000    

Avantor Funding, Inc.
4.63%, 07/15/2028(1)

    1,802,988  
    1,610,000    

Avantor, Inc. 6.00%, 10/01/2024(1)

    1,682,289  
    1,030,000    

Hill-Rom Holdings, Inc.
4.38%, 09/15/2027(1)

    1,064,762  
     

 

 

 
    4,550,039  
     

 

 

 
      Healthcare - Services - 3.3%  
    420,000    

Acadia Healthcare Co., Inc.
5.00%, 04/15/2029(1)

    432,726  
    265,000    

Catalent Pharma Solutions, Inc.
5.00%, 07/15/2027(1)

    276,263  
 

CHS/Community Health Systems, Inc.

 

    2,195,000    

6.63%, 02/15/2025(1)

    2,140,564  
    410,000    

6.88%, 02/01/2022

    371,050  
    1,680,000    

8.13%, 06/30/2024(1)

    1,291,500  
 

HCA, Inc.

 

    2,460,000    

3.50%, 09/01/2030

    2,515,570  
    2,215,000    

5.38%, 02/01/2025

    2,452,736  
    1,070,000    

5.38%, 09/01/2026

    1,202,413  
    100,000    

5.63%, 09/01/2028

    116,395  
    80,000    

5.88%, 02/01/2029

    94,119  
    836,000    

7.50%, 11/15/2095

    1,061,720  
     

 

 

 
    11,955,056  
     

 

 

 
          Home Builders - 2.1%  
    305,000    

Adams Homes, Inc.
7.50%, 02/15/2025(1)

    306,525  
    1,295,000    

Ashton Woods USA LLC / Ashton Woods Finance Co. 6.63%, 01/15/2028(1)

    1,301,475  
    420,000    

KB Home 4.80%, 11/15/2029

    453,600  
   

M/I Homes, Inc.

 

    790,000    

4.95%, 02/01/2028

    817,650  
    1,020,000    

5.63%, 08/01/2025

    1,048,264  
    1,285,000    

STL Holding Co. LLC 7.50%, 02/15/2026(1)

    1,276,969  
   

Taylor Morrison Communities, Inc.

 

    500,000    

5.13%, 08/01/2030(1)

    542,840  
    1,790,000    

5.75%, 01/15/2028(1)

    1,986,900  
     

 

 

 
        7,734,223  
     

 

 

 
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 90.0% - (continued)  
          Household Products/Wares - 0.8%  
EUR     1,855,000    

Diamond (BC) B.V. 5.63%, 08/15/2025(2)

  $ 2,116,786  
$     675,000    

Prestige Brands, Inc. 5.13%, 01/15/2028(1)

    701,156  
     

 

 

 
        2,817,942  
     

 

 

 
          Insurance - 2.6%  
   

Acrisure LLC / Acrisure Finance, Inc.

 

    2,335,000    

7.00%, 11/15/2025(1)

    2,339,086  
    943,000    

8.13%, 02/15/2024(1)

    986,147  
    875,000    

10.13%, 08/01/2026(1)

    969,063  
   

Genworth Holdings, Inc.

 

    135,000    

4.80%, 02/15/2024

    123,525  
    1,260,000    

4.90%, 08/15/2023

    1,165,500  
    750,000    

6.50%, 06/15/2034

    704,040  
    505,000    

7.20%, 02/15/2021

    502,475  
    280,000    

7.63%, 09/24/2021

    279,308  
    1,620,000    

MGIC Investment Corp. 5.25%, 08/15/2028

    1,664,550  
    605,000    

NMI Holdings, Inc. 7.38%, 06/01/2025(1)

    659,450  
     

 

 

 
        9,393,144  
     

 

 

 
          IT Services - 0.6%  
   

Presidio Holdings, Inc.

 

    1,095,000    

4.88%, 02/01/2027(1)

    1,124,083  
    890,000    

8.25%, 02/01/2028(1)

    943,400  
     

 

 

 
        2,067,483  
     

 

 

 
          Leisure Time - 1.3%  
   

Carnival Corp.

 

    1,045,000    

9.88%, 08/01/2027(1)

    1,086,147  
    875,000    

10.50%, 02/01/2026(1)

    947,187  
    2,305,000    

11.50%, 04/01/2023(1)

    2,531,674  
     

 

 

 
        4,565,008  
     

 

 

 
          Lodging - 2.0%  
   

Boyd Gaming Corp.

 

    270,000    

4.75%, 12/01/2027

    262,578  
    1,365,000    

6.00%, 08/15/2026

    1,398,702  
    625,000    

6.38%, 04/01/2026

    648,487  
    1,790,000    

FelCor Lodging L.P.
6.00%, 06/01/2025

    1,758,675  
    1,590,000    

Sugarhouse HSP Gaming Prop Mezz L.P. / Sugarhouse HSP Gaming Finance Corp.
5.88%, 05/15/2025(1)

    1,538,325  
    1,690,000    

Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp. 5.50%, 03/01/2025(1)

    1,618,175  
     

 

 

 
        7,224,942  
     

 

 

 
          Media - 9.7%  
   

Altice Financing S.A.

 

    2,700,000    

5.00%, 01/15/2028(1)

    2,619,000  
    1,350,000    

7.50%, 05/15/2026(1)

    1,409,062  
    895,000    

Cable One, Inc. 4.00%, 11/15/2030(1)(6)

    908,425  
   

CCO Holdings LLC / CCO Holdings Capital Corp.

 
    1,570,000    

4.25%, 02/01/2031(1)

    1,608,920  
    790,000    

4.50%, 08/15/2030(1)

    821,011  
    925,000    

4.50%, 05/01/2032(1)

    956,219  
    4,535,000    

5.75%, 02/15/2026(1)

    4,701,253  
   

CSC Holdings LLC

 

    1,305,000    

4.13%, 12/01/2030(1)

    1,326,898  
    875,000    

4.63%, 12/01/2030(1)

    874,983  
    1,800,000    

5.25%, 06/01/2024

    1,921,500  
    770,000    

5.50%, 04/15/2027(1)

    811,388  
    1,970,000    

6.50%, 02/01/2029(1)

    2,185,754  
   

DISH DBS Corp.

 

    965,000    

5.00%, 03/15/2023

    972,257  
    570,000    

5.88%, 11/15/2024

    573,440  
    1,250,000    

7.38%, 07/01/2028

    1,259,375  
 

 

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

 

 

  71  

 


The Hartford High Yield Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 90.0% - (continued)  
          Media - 9.7% - (continued)  
$     530,000    

7.75%, 07/01/2026

  $ 561,792  
   

Gray Television, Inc.

 

    865,000    

4.75%, 10/15/2030(1)

    852,025  
    400,000    

5.88%, 07/15/2026(1)

    416,336  
    925,000    

Quebecor Media, Inc.
5.75%, 01/15/2023

    992,988  
    1,470,000    

Sirius XM Radio, Inc.
5.50%, 07/01/2029(1)

    1,600,021  
    830,000    

Vertical U.S Newco, Inc.
5.25%, 07/15/2027(1)

    854,236  
    990,000    

Videotron Ltd. 5.00%, 07/15/2022

    1,037,124  
    2,255,000    

Virgin Media Secured Finance plc
4.50%, 08/15/2030(1)

    2,291,644  
    959,000    

WMG Acquisition Corp.
5.50%, 04/15/2026(1)

    994,963  
   

Ziggo B.V.

 

    365,000    

4.88%, 01/15/2030(1)

    378,459  
    2,093,000    

5.50%, 01/15/2027(1)

    2,171,487  
     

 

 

 
        35,100,560  
     

 

 

 
          Metal Fabricate/Hardware - 0.8%  
    300,000    

Advanced Drainage Systems, Inc.
5.00%, 09/30/2027(1)

    313,914  
   

Novelis Corp.

 

    1,310,000    

4.75%, 01/30/2030(1)

    1,328,491  
    1,190,000    

5.88%, 09/30/2026(1)

    1,227,937  
     

 

 

 
        2,870,342  
     

 

 

 
          Mining - 0.6%  
   

Constellium SE

 

    255,000    

5.63%, 06/15/2028(1)

    265,710  
    1,740,000    

5.88%, 02/15/2026(1)

    1,757,400  
     

 

 

 
        2,023,110  
     

 

 

 
          Miscellaneous Manufacturing - 0.0%  
    102,355    

Anagram International, Inc. (5.00% Cash, 5.00% PIK) 10.00%, 08/15/2026(1)(5)

    85,466  
     

 

 

 
          Office/Business Equipment - 1.9%  
    2,950,000    

CDW LLC / CDW Finance Corp.
4.13%, 05/01/2025

    3,066,466  
   

Xerox Corp.

 

    2,000,000    

4.38%, 03/15/2023

    2,081,450  
    95,000    

4.80%, 03/01/2035

    90,250  
    755,000    

6.75%, 12/15/2039

    793,883  
    790,000    

Xerox Holdings Corp. 5.00%, 08/15/2025(1)

    779,959  
     

 

 

 
    6,812,008  
     

 

 

 
      Oil & Gas - 5.9%  
 

Apache Corp.

 

    1,125,000    

4.38%, 10/15/2028

    1,028,813  
    1,390,000    

4.63%, 11/15/2025

    1,320,500  
    581,000    

4.75%, 04/15/2043

    514,185  
    689,000    

5.10%, 09/01/2040

    632,512  
    905,000    

Centennial Resource Production LLC
5.38%, 01/15/2026(1)

    332,588  
 

Continental Resources, Inc.

 

    2,080,000    

4.38%, 01/15/2028

    1,872,000  
    520,000    

4.90%, 06/01/2044

    429,806  
    1,020,000    

EQT Corp. 3.90%, 10/01/2027

    979,526  
    2,134,000    

Jagged Peak Energy LLC
5.88%, 05/01/2026

    2,198,020  
    1,385,000    

Matador Resources Co.
5.88%, 09/15/2026

    1,114,925  
 

Occidental Petroleum Corp.

 

    1,155,000    

3.00%, 02/15/2027

    872,025  
    400,000    

3.40%, 04/15/2026

    312,872  
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 90.0% - (continued)  
      Oil & Gas - 5.9% - (continued)  
$     3,836,000    

4.20%, 03/15/2048

  $ 2,493,400  
    679,000    

4.40%, 04/15/2046

    456,437  
 

Parsley Energy LLC / Parsley Finance Corp.

 

    386,000    

4.13%, 02/15/2028(1)

    401,652  
    163,000    

5.38%, 01/15/2025(1)

    166,668  
    1,875,000    

Petroleos Mexicanos
6.84%, 01/23/2030

    1,676,250  
 

QEP Resources, Inc.

 

    425,000    

5.25%, 05/01/2023

    337,875  
    560,000    

5.63%, 03/01/2026

    355,600  
 

SM Energy Co.

 

    405,000    

5.00%, 01/15/2024

    202,500  
    575,000    

5.63%, 06/01/2025

    225,808  
    395,000    

6.63%, 01/15/2027

    148,125  
    1,410,000    

Sunoco L.P. / Sunoco Finance Corp.
6.00%, 04/15/2027

    1,457,531  
    3,885,000    

Transocean, Inc. 6.80%, 03/15/2038

    505,050  
    1,705,000    

Vine Oil & Gas L.P. / Vine Oil & Gas Finance Corp. 8.75%, 04/15/2023(1)

    1,261,700  
    153,000    

WPX Energy, Inc. 5.25%, 09/15/2024

    158,355  
     

 

 

 
    21,454,723  
     

 

 

 
      Packaging & Containers - 4.3%  
    2,920,000    

ARD Finance S.A. (6.50% Cash, 7.25% PIK)
6.50%, 06/30/2027(1)(5)

    2,967,450  
 

Ardagh Packaging Finance plc / Ardagh Holdings USA, Inc.

 
    680,000    

4.13%, 08/15/2026(1)

    693,600  
    2,980,000    

5.25%, 08/15/2027(1)

    3,058,970  
    340,000    

Berry Global, Inc. 5.63%, 07/15/2027(1)

    355,689  
    1,200,000    

Crown Americas LLC / Crown Americas Capital Corp. 4.75%, 02/01/2026

    1,245,000  
 

Flex Acquisition Co., Inc.

 

    2,170,000    

6.88%, 01/15/2025(1)

    2,134,738  
    775,000    

7.88%, 07/15/2026(1)

    783,060  
    3,085,000    

Owens-Brockway Glass Container, Inc.
5.88%, 08/15/2023(1)

    3,245,806  
EUR     795,000    

Silgan Holdings, Inc. 2.25%, 06/01/2028

    902,077  
$     270,000    

Trivium Packaging Finance B.V.
5.50%, 08/15/2026(1)

    282,825  
     

 

 

 
        15,669,215  
     

 

 

 
          Pharmaceuticals - 4.2%  
   

Bausch Health Cos., Inc.

 

    2,150,000    

5.00%, 01/30/2028(1)

    2,125,017  
    2,690,000    

5.25%, 01/30/2030(1)

    2,656,509  
    182,000    

5.50%, 03/01/2023(1)

    181,545  
    177,000    

5.88%, 05/15/2023(1)

    176,558  
    1,000,000    

6.13%, 04/15/2025(1)

    1,026,750  
    1,875,000    

7.00%, 01/15/2028(1)

    1,982,813  
    335,000    

Catalent Pharma Solutions, Inc.
4.88%, 01/15/2026(1)

    341,700  
   

Endo Dac / Endo Finance LLC / Endo Finco, Inc.

 
    1,396,000    

6.00%, 06/30/2028(1)

    1,078,410  
    2,465,000    

9.50%, 07/31/2027(1)

    2,644,230  
    623,000    

Par Pharmaceutical, Inc.
7.50%, 04/01/2027(1)

    660,380  
   

Teva Pharmaceutical Finance Netherlands B.V.

 

    1,260,000    

3.15%, 10/01/2026

    1,108,800  
    1,270,000    

6.75%, 03/01/2028

    1,333,976  
     

 

 

 
        15,316,688  
     

 

 

 
 

 

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

 

 

  72  

 


The Hartford High Yield Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 90.0% - (continued)  
          Pipelines - 4.9%  
$     1,890,000    

Antero Midstream Partners L.P. / Antero Midstream Finance Corp.
5.75%, 01/15/2028(1)

  $ 1,682,100  
   

Buckeye Partners L.P.

 

    640,000    

4.13%, 03/01/2025(1)

    606,400  
    655,000    

4.50%, 03/01/2028(1)

    622,250  
    738,000    

Cheniere Energy Partners L.P.
4.50%, 10/01/2029

    752,406  
    2,095,000    

DCP Midstream Operating L.P.
5.38%, 07/15/2025

    2,199,750  
   

EQM Midstream Partners L.P.

 

    435,000    

6.00%, 07/01/2025(1)

    445,875  
    440,000    

6.50%, 07/01/2027(1)

    461,470  
    950,000    

6.50%, 07/15/2048

    902,500  
   

Tallgrass Energy Partners L.P. / Tallgrass Energy Finance Corp.

 
    1,180,000    

4.75%, 10/01/2023(1)

    1,120,646  
    1,310,000    

6.00%, 03/01/2027(1)

    1,237,950  
   

Targa Resources Partners L.P. / Targa Resources Partners Finance Corp.

 
    700,000    

4.88%, 02/01/2031(1)

    683,137  
    3,225,000    

6.50%, 07/15/2027

    3,378,187  
   

Western Midstream Operating L.P.

 

    2,950,000    

5.05%, 02/01/2030

    2,798,562  
    925,000    

6.25%, 02/01/2050

    849,659  
     

 

 

 
        17,740,892  
     

 

 

 
          Real Estate Investment Trusts - 1.2%  
    2,610,000    

Iron Mountain, Inc. 4.88%, 09/15/2029(1)

    2,637,405  
   

VICI Properties L.P. / VICI Note Co., Inc.

 

    195,000    

3.50%, 02/15/2025(1)

    195,721  
    130,000    

3.75%, 02/15/2027(1)

    130,325  
    780,000    

4.25%, 12/01/2026(1)

    793,143  
    655,000    

4.63%, 12/01/2029(1)

    680,552  
     

 

 

 
        4,437,146  
     

 

 

 
          Retail - 6.4%  
   

1011778 BC ULC / New Red Finance, Inc.

 

    2,055,000    

3.50%, 02/15/2029(1)(6)

    2,039,587  
    225,000    

3.88%, 01/15/2028(1)

    226,688  
    1,190,000    

4.00%, 10/15/2030(1)

    1,182,562  
    1,210,000    

4.38%, 01/15/2028(1)

    1,225,125  
    1,846,000    

5.00%, 10/15/2025(1)

    1,892,888  
   

Asbury Automotive Group, Inc.

 

    104,000    

4.50%, 03/01/2028(1)

    105,820  
    107,000    

4.75%, 03/01/2030(1)

    110,478  
EUR     1,516,000    

eG Global Finance plc
6.25%, 10/30/2025(2)

    1,676,270  
$     700,000    

FirstCash, Inc. 4.63%, 09/01/2028(1)

    710,500  
    680,000    

Group 1 Automotive, Inc.
4.00%, 08/15/2028(1)

    680,850  
   

KFC Holding Co. / Pizza Hut Holdings LLC / Taco Bell of America LLC

 
    820,000    

4.75%, 06/01/2027(1)

    848,589  
    1,000,000    

5.25%, 06/01/2026(1)

    1,033,325  
 

L Brands, Inc.

 

    135,000    

5.25%, 02/01/2028

    132,975  
    1,275,000    

6.63%, 10/01/2030(1)

    1,338,750  
    910,000    

Lithia Motors, Inc.
4.63%, 12/15/2027(1)

    957,866  
    189,355    

Party City Holdings, Inc.

5.75%, 07/15/2025, 6 mo. USD LIBOR + 5.000%(1)(7)

    132,549  
    610,000    

PetSmart, Inc. 5.88%, 06/01/2025(1)

    623,591  
    2,093,000    

Specialty Building Products Holdings LLC / SBP Finance Corp.6.38%, 09/30/2026(1)

    2,134,860  
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 90.0% - (continued)  
          Retail - 6.4% - (continued)  
$     3,600,000    

Staples, Inc. 7.50%, 04/15/2026(1)

  $ 3,366,000  
    2,360,000    

United Rentals North America, Inc.
4.88%, 01/15/2028

    2,478,000  
    435,000    

Yum! Brands, Inc. 4.75%, 01/15/2030(1)

    467,625  
     

 

 

 
    23,364,898  
     

 

 

 
          Semiconductors - 1.8%  
    1,775,000    

Entegris, Inc. 4.63%, 02/10/2026(1)

    1,823,812  
 

Qorvo, Inc.

 

    1,365,000    

3.38%, 04/01/2031(1)

    1,382,063  
    1,355,000    

4.38%, 10/15/2029

    1,452,723  
 

Sensata Technologies B.V.

 

    1,005,000    

5.00%, 10/01/2025(1)

    1,097,103  
    770,000    

5.63%, 11/01/2024(1)

    844,844  
     

 

 

 
    6,600,545  
     

 

 

 
          Software - 3.3%  
    1,000,000    

Black Knight InfoServ LLC
3.63%, 09/01/2028(1)

    1,012,500  
    575,000    

BY Crown Parent LLC / BY Bond Finance, Inc. 4.25%, 01/31/2026(1)

    582,188  
    775,000    

CDK Global, Inc.5.25%, 05/15/2029(1)

    831,343  
   

Change Healthcare Holdings LLC / Change Healthcare Finance, Inc.

 
    1,150,000    

5.75%, 03/01/2025(1)

    1,149,505  
    885,000    

IQVIA, Inc. 5.00%, 05/15/2027(1)

    927,037  
    2,175,000    

MSCI, Inc. 4.00%, 11/15/2029(1)

    2,269,960  
    1,210,000    

Open Text Corp. 3.88%, 02/15/2028(1)

    1,229,094  
    1,030,000    

Open Text Holdings, Inc.
4.13%, 02/15/2030(1)

    1,068,625  
 

PTC, Inc.

 

    240,000    

3.63%, 02/15/2025(1)

    244,350  
    265,000    

4.00%, 02/15/2028(1)

    273,944  
    2,290,000    

SS&C Technologies, Inc.
5.50%, 09/30/2027(1)

    2,433,881  
     

 

 

 
    12,022,427  
     

 

 

 
      Telecommunications - 3.7%  
EUR     835,000    

Altice France Holding S.A.
8.00%, 05/15/2027(1)

    1,018,676  
 

Altice France S.A.

 

$     640,000    

5.50%, 01/15/2028(1)

    648,400  
    2,330,000    

7.38%, 05/01/2026(1)

    2,431,821  
    2,215,000    

8.13%, 02/01/2027(1)

    2,408,812  
    1,250,000    

Embarq Corp. 8.00%, 06/01/2036

    1,465,625  
 

Frontier Communications Corp.

 

    1,085,000    

5.88%, 10/15/2027(1)

    1,112,016  
    1,275,000    

6.88%, 01/15/2025(8)

    496,453  
    775,000    

10.50%, 09/15/2022(8)

    317,750  
 

Sprint Corp.

 

    1,174,000    

7.13%, 06/15/2024

    1,350,335  
    10,000    

7.63%, 02/15/2025

    11,800  
    550,000    

Telecom Italia Capital S.A.
7.20%, 07/18/2036

    693,908  
    1,350,000    

Vmed UK Financing plc
4.25%, 01/31/2031(1)

    1,350,000  
     

 

 

 
    13,305,596  
     

 

 

 
      Toys/Games/Hobbies - 0.7%  
 

Mattel, Inc.

 

    695,000    

5.88%, 12/15/2027(1)

    755,256  
    1,640,000    

6.75%, 12/31/2025(1)

    1,724,870  
     

 

 

 
    2,480,126  
     

 

 

 
      Trucking & Leasing - 0.2%  
 

Avolon Holdings Funding Ltd.

 

    440,000    

3.95%, 07/01/2024(1)

    431,424  
 

 

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

 

 

  73  

 


The Hartford High Yield Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 90.0% - (continued)  
      Trucking & Leasing - 0.2% - (continued)  
$     180,000    

4.38%, 05/01/2026(1)

  $ 174,582  
    200,000    

Fly Leasing Ltd. 6.38%, 10/15/2021

    198,696  
     

 

 

 
    804,702  
     

 

 

 
 

Total Corporate Bonds
(cost $321,470,133)

  $ 326,183,214  
     

 

 

 
SENIOR FLOATING RATE INTERESTS - 0.8%(9)  
      Software - 0.8%  
    2,825,800    

Dun & Bradstreet Corp.

3.91%, 02/08/2026, 1 mo. USD LIBOR + 4.000%

    2,779,287  
     

 

 

 
 

Total Senior Floating Rate Interests
(cost $2,807,936)

  $ 2,779,287  
     

 

 

 
CONVERTIBLE BONDS - 3.3%  
      Commercial Services - 0.3%  
EUR     900,000    

Nexi S.p.A. 1.75%, 04/24/2027(2)

    1,178,171  
     

 

 

 
      Engineering & Construction - 0.4%  
    600,000    

Cellnex Telecom S.A.
1.50%, 01/16/2026(2)

    1,277,724  
     

 

 

 
      Entertainment - 0.2%  
$     1,017,000    

Cinemark Holdings, Inc.
4.50%, 08/15/2025(1)

    877,834  
     

 

 

 
      Healthcare - Products - 0.5%  
    687,000    

Integra LifeSciences Holdings Corp.
0.50%, 08/15/2025(1)

    626,888  
    1,325,000    

NuVasive, Inc. 0.38%, 03/15/2025(1)

    1,136,187  
     

 

 

 
    1,763,075  
     

 

 

 
      Machinery - Diversified - 0.2%  
    693,000    

Middleby Corp. 1.00%, 09/01/2025(1)

    711,191  
     

 

 

 
          Media - 0.4%  
    1,360,000    

Scripps Escrow, Inc. 5.88%, 07/15/2027(1)

    1,322,600  
     

 

 

 
          Oil & Gas - 0.3%  
    1,025,000    

Pioneer Natural Resources Co.
0.25%, 05/15/2025(1)

    1,092,018  
     

 

 

 
          Semiconductors - 0.3%  
    650,000    

Microchip Technology, Inc.
2.25%, 02/15/2037

    988,358  
     

 

 

 
          Software - 0.7%  
    1,258,000    

Western Digital Corp.
1.50%, 02/01/2024

    1,200,676  
    920,000    

Workday, Inc. 0.25%, 10/01/2022

    1,383,098  
     

 

 

 
        2,583,774  
     

 

 

 
   

Total Convertible Bonds
(cost $11,534,804)

  $ 11,794,745  
     

 

 

 
COMMON STOCKS - 0.3%  
          Consumer Services - 0.2%  
    16,558    

Caesars Entertainment, Inc.*

    742,129  
     

 

 

 
          Energy - 0.1%  
    2,140    

Foresight Energy LLC*(10)(11)

    16,979  
    104,555,002    

KCA Deutag*(10)(11)(13)

    241,313  
     

 

 

 
        258,292  
     

 

 

 
   

Total Common Stocks
(cost $2,040,756)

  $ 1,000,421  
     

 

 

 
Shares or Principal Amount   Market Value  
COMMON STOCKS - 0.3% - (continued)  
    ESCROWS - 0.7%(12)  
          Media - 0.7%  
$     2,560,000    

Nexstar Broadcasting, Inc.*(1)

  $ 2,668,800  
     

 

 

 
   

Total Escrows
(cost $2,623,614)

  $ 2,668,800  
     

 

 

 
   

Total Long-Term Investments
(cost $340,477,243)

  $ 344,426,467  
     

 

 

 
SHORT-TERM INVESTMENTS - 2.5%  
          Repurchase Agreements - 2.5%  
    9,299,419    

Fixed Income Clearing Corp. Repurchase Agreement dated 10/30/2020 at 0.060%, due on 11/02/2020 with a maturity value of $9,299,466; collateralized by U.S. Treasury Note at 3.125%, maturing 11/15/2028, with a market value of $9,485,429

    9,299,419  
     

 

 

 
   

Total Short-Term Investments
(cost $9,299,419)

  $ 9,299,419  
     

 

 

 
      

Total Investments
(cost $349,776,662)

    97.6    $ 353,725,886  
      

Other Assets and Liabilities

    2.4      8,563,309  
        

 

 

    

 

 

 
      

Total Net Assets

    100.0    $ 362,289,195  
        

 

 

    

 

 

 

 

Note:

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

 

    

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

 

    

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

 

    

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

    

See “Glossary” for abbreviation descriptions.

 

*

Non-income producing.

 

(1) 

Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions that are exempt from registration (typically only to qualified institutional buyers) or in a public offering registered under the Securities Act of 1933. At October 31, 2020, the aggregate value of these securities was $214,030,876, representing 59.1% of net assets.

 

(2) 

Security is exempt from registration under Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. At October 31, 2020, the aggregate value of these securities was $22,076,961, representing 6.1% of net assets.

 

(3) 

Fixed to variable rate investment. The rate shown reflects the fixed rate in effect at October 31, 2020. Rate will reset at a future date. Base lending rates may be subject to a floor or cap.

 

(4) 

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

 

(5) 

Security has the ability to pay in kind (“PIK”) or pay income in cash. When applicable, separate rates of such payments are disclosed.

 

 

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

 

 

  74  

 


 

The Hartford High Yield Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

(6) 

This security, or a portion of this security, was purchased on a when-issued, delayed-delivery or delayed-draw basis. The cost of these securities was $2,950,000 at October 31, 2020.

 

(7) 

Variable rate security; the rate reported is the coupon rate in effect at October 31, 2020. Base lending rates may be subject to a floor or cap.

 

(8) 

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

 

(9) 

Senior floating rate interests generally pay interest rates which are periodically adjusted by reference to a base short-term, floating lending rate plus a premium. The base lending rates are primarily the LIBOR, and secondarily the prime rate offered by one or more major United States banks (the “Prime Rate”) and the certificate of deposit rate or other base lending rates used by commercial lenders. Senior floating rate interests often require prepayments from excess cash flows or permit the borrower to repay at its election. The rate at which the borrower repays cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. Base lending rates may be subject to a floor or cap. Unless otherwise noted, the interest rate disclosed for these securities represents the rate in effect as of October 31, 2020.

 

(10) 

These securities are valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At October 31, 2020, the aggregate fair value of these securities was $258,292, which represented 0.1% of total net assets. This amount excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors.

 

(11) 

Investment valued using significant unobservable inputs.

 

(12) 

Share amount represents shares of the issuer previously held that resulted in receipt of the escrow.

 

(13) 

Investment in securities not registered under the Securities Act of 1933 (excluding securities acquired pursuant to Rule 144A and Regulation S). At the end of the period, the value of such restricted securities amounted to $241,313 or 0.1% of net assets.

 

Period
Acquired
    

Security Name

   Shares      Total Cost      Market Value  
  03/2011      KCA Deutag      104,555,002      $     1,416,929      $     241,313  
 

 

Foreign Currency Contracts Outstanding at October 31, 2020  
Amount and Description of
Currency to be Purchased
   Amount and Description of
Currency to be Sold
   Counterparty    Settlement
Date
    Appreciation     Depreciation  
  22,781,935      USD      19,235,000      EUR    CBK      11/30/2020     $     365,224     $     (144

 

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

Fair Value Summary

The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.

 

Description    Total     Level 1      Level 2     Level 3(1)  

Assets

 

Corporate Bonds

   $ 326,183,214     $      $ 326,183,214     $  

Senior Floating Rate Interests

     2,779,287              2,779,287        

Convertible Bonds

     11,794,745              11,794,745        

Common Stocks

         

Consumer Services

     742,129       742,129               

Energy

     258,292                    258,292  

Escrows

     2,668,800              2,668,800        

Short-Term Investments

     9,299,419              9,299,419        

Foreign Currency Contracts(2)

     365,224              365,224        
  

 

 

   

 

 

    

 

 

   

 

 

 

Total

   $     354,091,110     $     742,129      $     353,090,689     $     258,292  
  

 

 

   

 

 

    

 

 

   

 

 

 

Liabilities

 

Foreign Currency Contracts(2)

   $ (144   $      $ (144   $  
  

 

 

   

 

 

    

 

 

   

 

 

 

Total

   $ (144   $      $ (144   $  
  

 

 

   

 

 

    

 

 

   

 

 

 

 

(1) 

For the year ended October 31, 2020, there were no transfers in and out of Level 3.

 

(2) 

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

Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for year ended October 31, 2020 is not presented.

 

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

 

 

  75  

 


The Hartford Inflation Plus Fund

Schedule of Investments

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 3.6%  
      Asset-Backed - Automobile - 0.1%  
$     570,000    

Traingle Re Ltd. 3.15%, 10/25/2030, 1 mo.
USD LIBOR + 3.000%(1)(2)

  $ 569,919  
     

 

 

 
      Asset-Backed - Finance & Insurance - 0.4%  
    241,848    

Aaset Trust 3.35%, 01/16/2040(1)

    223,131  
    1,360,000    

HSI Asset Securitization Corp. Trust

0.42%, 02/25/2036, 1 mo. USD LIBOR + 0.270%(2)

    1,314,126  
    235,607    

Pretium Mortgage Credit Partners LLC
3.72%, 02/27/2060(1)(3)

    235,608  
     

 

 

 
    1,772,865  
     

 

 

 
      Asset-Backed - Home Equity - 0.1%  
    642,533    

GSAA Home Equity Trust
5.99%, 06/25/2036(4)

    259,815  
    708,169    

Renaissance Home Equity Loan Trust
6.12%, 11/25/2036(3)

    430,527  
     

 

 

 
    690,342  
     

 

 

 
      Commercial Mortgage-Backed Securities - 0.4%  
    343,030    

Chase Mortgage Finance Trust
3.71%, 12/25/2035(4)

    334,384  
    1,753,601    

DBJPM Mortgage Trust
1.71%, 09/15/2053(4)(5)

    196,037  
    1,342,736    

Stanwich Mortgage Loan Trust
3.48%, 11/16/2024(1)(3)

    1,340,582  
    5,857,488    

Wells Fargo N.A. 0.90%, 05/15/2062(4)(5)

    370,492  
     

 

 

 
    2,241,495  
     

 

 

 
      Other Asset-Backed Securities - 0.6%  
    278,662    

CF Hippolyta LLC 1.99%, 07/15/2060(1)

    280,900  
    1,263,833    

Legacy Mortgage Asset Trust
4.00%, 01/25/2059(1)(3)

    1,284,971  
   

VOLT LXXXIV LLC

 
    303,228    

3.23%, 01/25/2050(1)(3)

    303,864  
    1,006,829    

3.43%, 12/27/2049(1)(3)

    1,008,752  
     

 

 

 
    2,878,487  
     

 

 

 
      Whole Loan Collateral CMO - 2.0%  
    355,096    

Adjustable Rate Mortgage Trust

0.69%, 11/25/2035, 1 mo. USD LIBOR + 0.540%(2)

    350,623  
    680,619    

Banc of America Funding Trust
6.05%, 10/25/2036(3)

    663,241  
    130,959    

Bear Stearns Adjustable Rate Mortgage Trust

2.41%, 10/25/2035, 12 mo. USD CMT + 2.300%(2)

    132,266  
    6,391,679    

Benchmark Mortgage Trust
1.23%, 03/15/2062(4)(5)

    508,299  
   

Connecticut Avenue Securities Trust

 
    1,060,789    

2.25%, 10/25/2039, 1 mo. USD LIBOR + 2.100%(1)(2)

    1,051,384  
    903,164    

2.30%, 09/25/2031, 1 mo. USD LIBOR + 2.150%(1)(2)

    897,138  
    884,652    

2.45%, 08/25/2031, 1 mo. USD LIBOR + 2.300%(1)(2)

    879,096  
    331,974    

Deutsche Alt-A Securities Mortgage Loan Trust 0.30%, 12/25/2036, 1 mo. USD LIBOR + 0.150%(2)

    299,868  
   

Fannie Mae Connecticut Avenue Securities

 
    829,576    

3.15%, 07/25/2024, 1 mo. USD LIBOR + 3.000%(2)

    735,408  
    190,628    

5.05%, 11/25/2024, 1 mo. USD LIBOR + 4.900%(2)

    197,557  
    95,658    

5.85%, 04/25/2028, 1 mo. USD LIBOR + 5.700%(2)

    101,277  
    64,959    

6.15%, 09/25/2028, 1 mo. USD LIBOR + 6.000%(2)

    68,349  
Shares or Principal Amount   Market Value  
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 3.6% - (continued)  
      Whole Loan Collateral CMO - 2.0% - (continued)  
$     163,263    

GreenPoint Mortgage Funding Trust

2.28%, 10/25/2045, 12 mo. USD MTA + 1.400%(2)

  $ 134,293  
    341,368    

GSR Mortgage Loan Trust
3.05%, 10/25/2035(4)

    251,834  
    426,469    

HarborView Mortgage Loan Trust

0.34%, 01/19/2038, 1 mo. USD LIBOR + 0.190%(2)

    387,688  
    1,817,427    

IndyMac Index Mortgage Loan Trust

0.44%, 01/25/2036, 1 mo. USD LIBOR + 0.290%(2)

    1,455,687  
    562,884    

JP Morgan Mortgage Trust
3.46%, 01/25/2037(4)

    519,899  
   

MASTR Adjustable Rate Mortgages Trust

 

    912,606    

0.39%, 05/25/2037, 1 mo. USD LIBOR + 0.240%(2)

    534,320  
    5,541    

3.19%, 11/21/2034(4)

    5,625  
   

Residential Funding Mortgage Securities, Inc.

 

    124,357    

4.22%, 02/25/2036(4)

    112,650  
    262,054    

6.00%, 07/25/2037

    245,024  
    371,822    

Structured Adjustable Rate Mortgage Loan Trust 3.64%, 06/25/2035(4)

    318,795  
    355,657    

WaMu Mortgage Pass-Through Certificates Trust 0.57%, 06/25/2044, 1 mo. USD LIBOR + 0.420%(2)

    343,430  
    543,851    

Washington Mutual Mortgage Pass-Through Certificates WMALT Trust 1.71%, 11/25/2046, 12 mo. USD MTA + 0.830%(2)

    477,794  
     

 

 

 
        10,671,545  
     

 

 

 
   

Total Asset & Commercial Mortgage-Backed Securities
(cost $18,885,830)

  $ 18,824,653  
     

 

 

 
CORPORATE BONDS - 1.8%  
          Aerospace/Defense - 0.5%  
    2,375,000    

Boeing Co. 5.04%, 05/01/2027

    2,609,770  
     

 

 

 
          Airlines - 0.1%  
    745,000    

JetBlue Airways Corp. 4.00%, 05/15/2034

    767,298  
     

 

 

 
          Investment Company Security - 0.0%  
    97,734    

FinCo LLC 2.65%, 06/27/2025, 1 mo.
USD LIBOR

    95,841  
     

 

 

 
          IT Services - 0.1%  
    314,000    

Booz Allen Hamilton, Inc.
3.88%, 09/01/2028(1)

    318,710  
     

 

 

 
          Machinery - Diversified - 0.0%  
    220,000    

Westinghouse Air Brake Technologies Corp.
3.20%, 06/15/2025

    234,361  
     

 

 

 
          Office/Business Equipment - 0.1%  
    275,000    

CDW LLC / CDW Finance Corp.
3.25%, 02/15/2029

    274,656  
     

 

 

 
          Oil & Gas - 0.3%  
    90,000    

Diamondback Energy, Inc.
4.75%, 05/31/2025

    98,204  
    480,000    

Matador Resources Co. 5.88%, 09/15/2026(6)

    386,400  
    930,000    

PDC Energy, Inc. 6.13%, 09/15/2024

    904,425  
     

 

 

 
        1,389,029  
     

 

 

 
          Pipelines - 0.5%  
    1,670,000    

Antero Midstream Partners L.P. / Antero
Midstream Finance Corp. 5.38%, 09/15/2024

    1,561,784  
    785,000    

Gray Oak Pipeline LLC 3.45%, 10/15/2027(1)

    795,924  
     

 

 

 
        2,357,708  
     

 

 

 
 

 

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

 

 

  76  

 


The Hartford Inflation Plus Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 1.8% - (continued)  
          Retail - 0.0%  
$     85,000    

FirstCash, Inc. 4.63%, 09/01/2028(1)

  $ 86,275  
    70,000    

William Carter Co. 5.63%, 03/15/2027(1)

    73,456  
     

 

 

 
        159,731  
     

 

 

 
      Software - 0.1%  
    130,000    

Black Knight InfoServ LLC
3.63%, 09/01/2028(1)

    131,625  
    490,000    

MSCI, Inc. 3.88%, 02/15/2031(1)

    512,050  
     

 

 

 
    643,675  
     

 

 

 
      Telecommunications - 0.1%  
EUR     250,000    

Lorca Finco plc 0.00%, 09/17/2027,
3 mo. EURIBOR + 4.250%

    290,071  
     

 

 

 
 

Total Corporate Bonds
(cost $8,167,334)

  $ 9,140,850  
     

 

 

 
FOREIGN GOVERNMENT OBLIGATIONS - 6.8%  
      Argentina - 0.1%  
ARS     24,837,856    

Argentina Treasury Bond
1.20%, 03/18/2022(7)

    292,007  
     

 

 

 
      Azerbaijan - 0.2%  
$     1,170,000    

Republic of Azerbaijan International Bond
4.75%, 03/18/2024(8)

    1,238,223  
     

 

 

 
      Bermuda - 0.1%  
    330,000    

Bermuda Government International Bond
2.38%, 08/20/2030(1)

    338,663  
     

 

 

 
      Brazil - 0.5%  
BRL     13,242,860    

Brazil Notas do Tesouro Nacional
6.00%, 08/15/2022(7)

    2,551,392  
     

 

 

 
      Colombia - 0.3%  
COP     5,420,557,476    

Colombian TES 4.75%, 02/23/2023(7)

    1,528,795  
     

 

 

 
      Indonesia - 1.4%  
 

Indonesia Government International Bond

 

EUR     100,000    

2.15%, 07/18/2024(8)

    122,725  
    195,000    

2.63%, 06/14/2023(8)

    239,607  
IDR     103,364,000,000    

Indonesia Treasury Bond 7.00%, 09/15/2030

    7,269,051  
     

 

 

 
    7,631,383  
     

 

 

 
      Japan - 1.2%  
JPY     668,107,076    

Japanese Government CPI Linked Bond
0.20%, 03/10/2030(7)

    6,452,295  
     

 

 

 
      Macedonia - 0.3%  
EUR     1,085,000    

North Macedonia Government International Bond 3.68%, 06/03/2026(1)

    1,373,418  
     

 

 

 
      Mexico - 0.8%  
MXN     50,709,100    

Mexican Bonos 8.00%, 11/07/2047

    2,601,855  
$     1,360,000    

Mexico Government International Bond
4.50%, 04/22/2029

    1,542,240  
     

 

 

 
    4,144,095  
     

 

 

 
      Romania - 0.4%  
 

Romanian Government International Bond

 

EUR     1,034,000    

2.12%, 07/16/2031(8)

    1,219,301  
    716,000    

3.62%, 05/26/2030(1)

    955,971  
     

 

 

 
    2,175,272  
     

 

 

 
      Russia - 1.3%  
 

Russian Federal Inflation Linked Bond - OFZ

 

RUB     247,569,424    

2.50%, 08/16/2023(7)

    3,143,709  
    293,672,750    

2.50%, 02/02/2028(7)

    3,683,905  
     

 

 

 
    6,827,614  
     

 

 

 
      South Africa - 0.2%  
ZAR     22,827,004    

South Africa Government Bond - CPI Linked
1.88%, 02/28/2033(7)

    1,052,928  
     

 

 

 
Shares or Principal Amount   Market Value  
FOREIGN GOVERNMENT OBLIGATIONS - 6.8% - (continued)  
      South Africa - 0.2% - (continued)  
 

Total Foreign Government Obligations
(cost $38,767,622)

  $ 35,606,085  
     

 

 

 
SENIOR FLOATING RATE INTERESTS - 7.3%(9)  
      Advertising - 0.1%  
$     222,750    

Clear Channel Outdoor Holdings, Inc.

3.71%, 08/21/2026, 1 mo. USD LIBOR + 3.500%

  $ 202,384  
    119,100    

Terrier Media Buyer, Inc. 4.40%, 12/17/2026,
1 mo. USD LIBOR + 4.250%

    115,751  
     

 

 

 
    318,135  
     

 

 

 
      Aerospace/Defense - 0.1%  
    100,000    

Spirit Aerosystems, Inc. 6.00%, 01/30/2025,
1 mo. USD LIBOR + 5.250%

  $ 99,750  
    580,532    

TransDigm, Inc. 2.40%, 12/09/2025, 1 mo.
USD LIBOR + 2.250%

    545,264  
     

 

 

 
    645,014  
     

 

 

 
      Airlines - 0.1%  
    98,750    

JetBlue Airways Corp. 6.25%, 06/17/2024,
1 mo. USD LIBOR + 5.250%

    98,195  
    180,000    

Mileage Plus Holdings LLC

6.25%, 06/25/2027, 1 mo. USD LIBOR + 5.250%

    182,666  
    245,000    

SkyMiles IP Ltd. 4.75%, 1/20/2027, 1 mo.
USD LIBOR + 3.750%

    243,826  
    99,250    

WestJet Airlines Ltd. 4.00%, 12/11/2026,
3 mo. USD LIBOR + 3.000%

    86,937  
     

 

 

 
    611,624  
     

 

 

 
      Asset-Backed - Finance & Insurance - 0.0%  
    115,000    

PAI Holdco, Inc. 0.00%, 10/28/2027(10)

    114,066  
     

 

 

 
      Auto Manufacturers - 0.0%  
    102,113    

Navistar, Inc. 3.65%, 11/06/2024,
3 mo. USD LIBOR + 3.500%

    100,964  
     

 

 

 
      Auto Parts & Equipment - 0.2%  
    208,121    

Adient U.S. LLC 4.49%, 05/06/2024,

3 mo. USD LIBOR + 4.250%

    204,895  
    175,843    

Altra Industrial Motion Corp.

2.15%, 10/01/2025, 3 mo. USD LIBOR + 2.000%

    172,052  
    129,188    

First Brands Group LLC 8.50%, 02/02/2024,
1 mo. USD LIBOR + 7.500%

    127,896  
    100,000    

GT Polaris, Inc. 5.00%, 08/04/2027, 1 mo. USD LIBOR + 4.000%

    98,375  
    194,795    

Panther BF Aggregator 2

3.65%, 04/30/2026, 3 mo. USD LIBOR + 3.500%

    188,902  
     

 

 

 
    792,120  
     

 

 

 
      Beverages - 0.1%  
EUR     490,000    

Sunshine Investments B.V.
0.00%, 03/28/2025(10)

    563,830  
     

 

 

 
      Chemicals - 0.3%  
$     197,344    

Axalta Coating Systems U.S. Holdings, Inc.

1.97%, 06/01/2024, 3 mo. USD LIBOR + 1.750%

    191,177  
EUR     97,643    

CeramTec AcquiCo GmbH

2.75%, 03/07/2025, 3 mo. EURIBOR + 2.750%

    108,097  
$     114,298    

CMC Materials, Inc. 2.19%, 11/17/2025,
1 mo. USD LIBOR + 2.000%

    112,583  
    98,257    

Element Solutions, Inc. 2.15%, 01/31/2026,
1 mo. USD LIBOR + 2.000%

    95,986  
 

 

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

 

 

  77  

 


The Hartford Inflation Plus Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 7.3%(9) - (continued)  
      Chemicals - 0.3% - (continued)  
$     287,833    

Minerals Technologies, Inc.

3.00%, 02/14/2024, 3 mo. USD LIBOR + 2.250%

  $ 284,955  
    305,841    

Tronox Finance LLC 3.14%, 09/23/2024,
3 mo. USD LIBOR + 3.000%

    299,125  
 

Univar Solutions USA, Inc.

 

    99,250    

2.15%, 07/01/2026, 1 mo. USD LIBOR + 2.000%

    96,417  
    65,933    

2.40%, 07/01/2024, 3 mo. USD LIBOR + 2.500%

    64,512  
 

WR Grace & Co.

 

    86,653    

1.97%, 04/03/2025, 3 mo. USD LIBOR + 1.750%

    84,486  
    50,547    

1.97%, 04/03/2025, 3 mo. USD LIBOR + 1.750%

    49,284  
     

 

 

 
    1,386,622  
     

 

 

 
      Commercial Services - 0.9%  
    193,000    

AlixPartners LLP2.65%, 04/04/2024, 1 mo.
USD LIBOR + 2.500%

    186,969  
    199,500    

Amentum Government Services Holdings LLC 3.65%, 02/01/2027, 1 mo. USD LIBOR + 3.500%

    191,021  
    198,749    

Belron Finance U.S. LLC 2.46%, 10/30/2026,
1 mo. USD LIBOR + 2.250%

    192,786  
EUR     290,000    

Boels Topholding B.V. 4.00%, 01/14/2027,
3 mo. EURIBOR + 4.000%

    328,197  
$     198,982    

BrightView Landscapes LLC

2.69%, 08/15/2025, 3 mo. USD LIBOR + 2.500%

    195,168  
    99,750    

Deerfield Dakota Holding LLC

4.75%, 04/09/2027, 1 mo. USD LIBOR + 3.750%

    98,046  
    459,929    

EVO Payments International LLC

3.40%, 12/22/2023, 3 mo. USD LIBOR + 3.250%

    453,835  
    99,000    

KAR Auction Services, Inc.

2.44%, 09/19/2026, 1 mo. USD LIBOR + 2.250%

    94,793  
    239,497    

MPH Acquisition Holdings LLC

3.75%, 06/07/2023, 3 mo. USD LIBOR + 2.750%

    236,161  
EUR     97,014    

Nets Holding A/S 3.25%, 02/06/2025, 3 mo.
EURIBOR + 3.250%

    109,974  
$     138,377    

Quikrete Holdings, Inc. 2.65%, 02/01/2027,
1 mo. USD LIBOR + 2.500%

    135,506  
    298,481    

Refinitiv U.S. Holdings, Inc.

3.40%, 10/01/2025, 1 mo. USD LIBOR + 3.250%

    293,678  
    193,776    

Russell Investments U.S. Inst’l Holdco, Inc.

3.75%, 06/01/2023, 3 mo. USD LIBOR + 3.250%

    191,960  
    359,760    

Trans Union LLC1.90%, 11/16/2026, 1 mo.
USD LIBOR + 1.750%

    350,392  
    475,300    

United Rentals, Inc. 1.90%, 10/31/2025,
3 mo. USD LIBOR + 1.750%

    472,586  
EUR     430,000    

Verisure Holding AB 4.00%, 07/20/2026,
3 mo. EURIBOR + 4.000%

    498,296  
$     290,882    

Weight Watchers International, Inc.

5.50%, 11/29/2024, 3 mo. USD LIBOR + 4.750%

    290,010  
    474,167    

WEX, Inc. 2.40%, 05/15/2026, 3 mo. USD
LIBOR + 2.250%

    456,385  
     

 

 

 
    4,775,763  
     

 

 

 
Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 7.3%(9) - (continued)  
      Construction Materials - 0.0%  
$     147,375    

Brookfield WEC Holdings, Inc.

3.75%, 08/01/2025, 1 mo. USD LIBOR + 3.000%

  $ 143,714  
    97,750    

Hamilton Holdco LLC2.23%, 01/02/2027,
1 mo. USD LIBOR + 2.000%

    94,818  
     

 

 

 
    238,532  
     

 

 

 
      Distribution/Wholesale - 0.1%  
    483,120    

American Builders & Contractors Supply Co.,

Inc. 2.15%, 01/15/2027, 1 mo. USD LIBOR + 2.000%

    468,399  
     

 

 

 
      Diversified Financial Services - 0.1%  
    320,991    

Blackhawk Network Holdings, Inc.

3.15%, 06/15/2025, 3 mo. USD LIBOR + 3.000%

    300,679  
    350,000    

Delos Finance S.a.r.l. 1.97%, 10/06/2023,
3 mo. USD LIBOR + 1.750%

    338,114  
    78,807    

Victory Capital Holdings, Inc.

2.73%, 07/01/2026, 1 mo. USD LIBOR + 2.500%

    77,099  
     

 

 

 
    715,892  
     

 

 

 
      Electrical Components & Equipment - 0.1%  
    670,000    

Virgin Media Bristol LLC2.65%, 01/31/2028,
1 mo. USD LIBOR + 2.500%

    646,135  
     

 

 

 
      Engineering & Construction - 0.0%  
    217,688    

Brand Industrial Services, Inc.

5.25%, 06/21/2024, 3 mo. USD LIBOR + 4.250%

    202,177  
     

 

 

 
      Entertainment - 0.2%  
    105,246    

Crown Finance U.S., Inc. 2.77%, 02/28/2025,
3 mo. USD LIBOR + 2.500%

    58,526  
    200,000    

Delta (LUX) S.a.r.l. 3.50%, 02/01/2024, 3 mo.
USD LIBOR + 2.500%

    191,500  
    396,731    

Penn National Gaming, Inc.

3.00%, 10/15/2025, 3 mo. USD LIBOR + 2.250%

    382,278  
    194,937    

Playtika Holding Corp. 7.00%, 12/10/2024,
1 mo. USD LIBOR + 6.000%

    194,804  
    250,000    

Scientific Games International, Inc.

0.00%, 08/14/2024, 1 mo. USD LIBOR + 2.750%(10)

    232,110  
    142,100    

Wyndham Hotels & Resorts, Inc.

1.90%, 05/30/2025, 3 mo. USD LIBOR + 1.750%

    134,935  
     

 

 

 
    1,194,153  
     

 

 

 
      Environmental Control - 0.0%  
    145,125    

Clean Harbors, Inc. 1.90%, 06/28/2024,
3 mo. USD LIBOR + 1.750%

    144,508  
     

 

 

 
      Food - 0.1%  
    82,583    

B&G Foods, Inc. 2.65%, 10/10/2026, 1 mo.
USD LIBOR + 2.500%

    81,985  
    159,600    

Froneri U.S., Inc. 2.40%, 01/31/2027, 1 mo.
USD LIBOR + 2.250%

    153,390  
    213,347    

U.S. Foods, Inc. 2.15%, 09/13/2026, 3 mo.
USD LIBOR + 2.000%

    202,281  
     

 

 

 
    437,656  
     

 

 

 
      Food Service - 0.1%  
    317,766    

Aramark Services, Inc. 1.90%, 03/11/2025,
1 mo. USD LIBOR + 1.750%

    302,602  
     

 

 

 
      Gas - 0.0%  
    98,500    

Messer Industries USA, Inc.

2.72%, 03/01/2026, 3 mo. USD LIBOR + 2.500%

    95,809  
     

 

 

 
 

 

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

 

 

  78  

 


The Hartford Inflation Plus Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 7.3%(9) - (continued)  
      Hand/Machine Tools - 0.1%  
$     270,000    

Applecaramel Buyer LLC
0.00%, 10/19/2027(10)

  $ 265,804  
     

 

 

 
      Healthcare - Products - 0.1%  
    385,000    

Avantor Funding, Inc. 0.00%, 10/29/2027(10)

    381,150  
     

 

 

 
      Healthcare - Services - 0.3%  
EUR     510,000    

Bio Lam LCD SELAS 4.75%, 04/25/2026,
3 mo. EURIBOR + 4.750%

    586,547  
$     98,500    

Catalent Pharma Solutions, Inc.

3.25%, 05/18/2026, 3 mo. USD LIBOR + 2.250%

    97,884  
    132,425    

Gentiva Health Services, Inc.

3.44%, 07/02/2025, 1 mo. USD LIBOR + 3.250%

    129,445  
EUR     161,288    

IQVIA, Inc. 2.00%, 06/11/2025, 1 mo.
EURIBOR + 2.000%

    185,563  
$     248,688    

Jaguar Holding Co. 3.50%, 08/18/2022, 3 mo. USD LIBOR + 2.500%

    246,624  
    245,293    

Universal Health Services, Inc.

1.90%, 10/31/2025, 3 mo. USD LIBOR + 1.750%

    244,066  
     

 

 

 
    1,490,129  
     

 

 

 
      Household Products - 0.1%  
    190,919    

Reynolds Consumer Products LLC

1.90%, 02/04/2027, 1 mo. USD LIBOR + 1.750%

    187,042  
    150,000    

Weber-Stephen Products LLC
0.00%, 10/30/2027(10)

    148,407  
     

 

 

 
    335,449  
     

 

 

 
      Insurance - 0.4%  
    124,375    

Acrisure LLC 3.65%, 02/15/2027, 1 mo. USD
LIBOR + 3.500%

    119,644  
    99,491    

Alliant Holdings Intermediate LLC

2.90%, 05/09/2025, 1 mo. USD LIBOR + 3.000%

    95,670  
    664,337    

Asurion LLC 3.15%, 11/03/2023, 1 mo. USD
LIBOR + 3.000%

    651,469  
    100,000    

Camelot U.S. Acquisition 1 Co.
0.00%, 10/30/2026(10)

    98,792  
    309,654    

Hub International Ltd. 3.22%, 04/25/2025,
1 mo. USD LIBOR + 3.000%

    297,357  
    100,000    

Hyperion Insurance Group Ltd.
0.00%, 10/22/2027(10)

    99,500  
    100,000    

Ryan Specialty Group LLC

4.00%, 09/01/2027, 1 mo. USD LIBOR + 3.250%

    99,125  
 

Sedgwick Claims Management Services, Inc.

 

    176,850    

3.40%, 12/31/2025, 3 mo. USD LIBOR + 3.250%

    169,456  
    148,125    

4.15%, 09/03/2026, 3 mo. USD LIBOR + 4.000%

    143,705  
    99,750    

5.25%, 09/03/2026, 1 mo. USD LIBOR + 4.250%

    98,420  
    242,500    

USI, Inc. 3.22%, 05/16/2024, 3 mo. USD
LIBOR + 3.000%

    233,355  
     

 

 

 
    2,106,493  
     

 

 

 
      Internet - 0.0%  
    99,750    

MH Sub LLC 4.75%, 09/13/2024, 1 mo. USD
LIBOR + 3.750%

    97,943  
     

 

 

 
      IT Services - 0.1%  
 

Science Applications International Corp.

 

    245,000    

2.02%, 10/31/2025, 3 mo. USD LIBOR + 1.750%

    239,436  
Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 7.3%(9) - (continued)  
      IT Services - 0.1% - (continued)  
$     77,067    

2.40%, 03/12/2027, 1 mo. USD LIBOR + 2.250%

  $ 76,055  
    247,012    

Tempo Acquisition LLC 3.75%, 11/02/2026,
1 mo. USD LIBOR + 3.250%

    238,552  
     

 

 

 
    554,043  
     

 

 

 
      Leisure Time - 0.1%  
    245,000    

Caesars Resort Collection LLC

4.65%, 07/21/2025, 1 mo. USD LIBOR + 4.500%

    236,961  
    224,438    

Carnival Corp. 8.50%, 06/30/2025, 1 mo.
USD LIBOR + 7.500%

    225,784  
    246,075    

Golden Entertainment, Inc.

3.75%, 10/21/2024, 3 mo. USD LIBOR + 3.000%

    237,155  
     

 

 

 
    699,900  
     

 

 

 
      Lodging - 0.2%  
    460,254    

Boyd Gaming Corp. 2.34%, 09/15/2023,
3 mo. USD LIBOR + 2.250%

    446,589  
    432,919    

Caesars Resort Collection LLC

2.90%, 12/23/2024, 3 mo. USD LIBOR + 2.750%

    404,901  
    149,022    

Station Casinos LLC 2.50%, 02/08/2027,
1 mo. USD LIBOR + 2.250%

    142,439  
     

 

 

 
    993,929  
     

 

 

 
      Machinery - Construction & Mining - 0.0%  
 

Pro Mach Group, Inc.

 

    26,008    

4.50%, 03/07/2025, 1 mo. USD LIBOR + 3.500%(11)

    26,268  
    78,795    

4.50%, 03/07/2025, 1 mo. USD LIBOR + 3.500%

    75,643  
     

 

 

 
    101,911  
     

 

 

 
      Machinery - Diversified - 0.1%  
$     120,000    

Filtration Group Corporation
0.00%, 03/29/2025(10)

    118,300  
    99,750    

Gardner Denver, Inc. 2.90%, 03/01/2027,
1 mo. USD LIBOR + 2.750%

    98,348  
EUR     100,000    

Vertical Midco GmbH 4.25%, 07/30/2027,
3 mo. EURIBOR + 4.250%

    115,894  
$     440,000    

Vertical U.S. Newco, Inc. 4.57%, 07/30/2027,
1 mo. USD LIBOR + 4.250%

    433,127  
     

 

 

 
    765,669  
     

 

 

 
      Media - 0.7%  
 

Adevinta ASA

 

EUR

    130,000    

0.00%, 10/23/2027(10)

    151,094  
$     100,000    

0.00%, 10/23/2027(10)

    99,250  
    175,000    

Alliance Laundry Systems LLC
0.00%, 10/08/2027(10)

    173,250  
    116,400    

Altice Financing S.A. 2.90%, 01/31/2026,
3 mo. USD LIBOR + 2.750%

    110,677  
    195,244    

AVSC Holding Corp. 4.25%, 03/03/2025,
3 mo. USD LIBOR + 3.250%

    149,020  
    386,923    

Charter Communications Operating LLC

1.90%, 02/01/2027, 1 mo. USD LIBOR + 1.750%

    376,646  
    477,984    

CSC Holdings LLC 2.40%, 07/17/2025, 3 mo.
USD LIBOR + 2.250%

    460,728  
    239,400    

Go Daddy Operating Co. LLC

2.65%, 08/10/2027, 1 mo. USD LIBOR + 2.500%

    235,110  
    311,432    

Gray Television, Inc. 2.65%, 01/02/2026,
3 mo. USD LIBOR + 2.500%

    302,790  
 

 

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

 

 

  79  

 


The Hartford Inflation Plus Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 7.3%(9) - (continued)  
      Media - 0.7% - (continued)  
$     222,066    

ION Media Networks, Inc.

3.19%, 12/18/2024, 1 mo. USD LIBOR + 3.000%

  $ 219,487  
    197,437    

NASCAR Holdings, Inc. 2.90%, 10/19/2026,
3 mo. USD LIBOR + 2.750%

    191,867  
    158,503    

Nexstar Broadcasting, Inc.

2.90%, 09/18/2026, 1 mo. USD LIBOR + 2.750%

    154,224  
    99,500    

Nielsen Finance LLC 4.75%, 06/04/2025,
1 mo. USD LIBOR + 3.750%

    99,102  
EUR     199,249    

Nielsen Holding & Finance B.V.

3.75%, 06/04/2025, 3 mo. EURIBOR + 3.750%

    231,765  
 

UPC Broadband Holding B.V.

 

    210,000    

0.00%, 01/31/2029(10)

    241,184  
$     465,000    

0.00%, 01/31/2029(10)

    452,794  
EUR     170,000    

Virgin Media Bristol LLC
0.00%, 01/31/2029(10)

    195,185  
     

 

 

 
    3,844,173  
     

 

 

 
      Metal Fabricate/Hardware - 0.1%  
$     244,388    

Cardtronics USA, Inc. 5.00%, 06/29/2027,
1 mo. USD LIBOR + 4.000%

    243,471  
    153,575    

Circor International, Inc. 4.25%, 12/11/2024,
1 mo. USD LIBOR + 3.250%

    150,196  
     

 

 

 
    393,667  
     

 

 

 
      Miscellaneous Manufacturing - 0.1%  
    324,165    

Core & Main L.P. 3.75%, 08/01/2024, 3 mo.
USD LIBOR + 3.000%

    313,428  
    104,959    

H.B. Fuller Co. 2.15%, 10/20/2024, 3 mo.
USD LIBOR + 2.000%

    102,992  
    278,600    

Ingersoll-Rand Services Co.

1.90%, 03/01/2027, 1 mo. USD LIBOR + 1.750%

    268,849  
     

 

 

 
    685,269  
     

 

 

 
      Oil & Gas Services - 0.1%  
    99,500    

Buckeye Partners L.P. 2.90%, 11/01/2026,
1 mo. USD LIBOR + 2.750%

    97,492  
    375,250    

UGI Energy Services LLC

3.90%, 08/13/2026, 1 mo. USD LIBOR + 3.750%

    371,498  
     

 

 

 
    468,990  
     

 

 

 
      Packaging & Containers - 0.2%  
    200,000    

Berlin Packaging LLC 0.00%, 11/07/2025,
3 mo. USD LIBOR + 3.000%(10)

    191,500  
    297,500    

Berry Global, Inc. 2.15%, 10/01/2022, 1 mo.
USD LIBOR + 2.000%

    289,767  
    140,287    

Flex Acquisition Co., Inc. 4.00%, 12/29/2023,
3 mo. USD LIBOR + 3.000%

    136,579  
    260,704    

Reynolds Group Holdings, Inc.

2.90%, 02/05/2023, 3 mo. USD LIBOR + 3.000%

    255,526  
     

 

 

 
        873,372  
     

 

 

 
          Pharmaceuticals - 0.5%  
    160,000    

Bausch Health Americas, Inc.

2.90%, 11/27/2025, 3 mo. USD LIBOR + 2.750%

    156,067  
    177,163    

3.15%, 06/02/2025, 3 mo. USD LIBOR + 3.000%

    172,809  
    470,704    

Change Healthcare Holdings LLC

3.50%, 03/01/2024, 1 mo. USD LIBOR + 2.750%

    458,880  
Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 7.3%(9) - (continued)  
          Pharmaceuticals - 0.5% - (continued)  
$     429,708    

Elanco Animal Health, Inc.

1.90%, 08/01/2027, 1 mo. USD LIBOR + 1.750%

  $ 419,949  
    357,975    

Endo International plc 5.00%, 04/29/2024,
3 mo. USD LIBOR + 4.250%

    339,181  
    266,679    

IQVIA, Inc. 1.90%, 03/07/2024, 1 mo. USD
LIBOR + 1.750%

    262,900  
    190,000    

Milano Acquisition Corp. 4.75%, 10/01/2027,
1 mo. USD LIBOR + 4.000%

    186,517  
   

Pathway Vet Alliance LLC

 

    18,791    

4.00%, 03/31/2027, 1 mo. USD LIBOR + 4.000%(11)

    18,345  
    230,053    

4.15%, 03/31/2027, 1 mo. USD LIBOR + 4.000%

    224,589  
    163,763    

Sunshine Luxembourg S.a.r.l.

5.25%, 10/01/2026, 1 mo. USD LIBOR + 4.250%

    161,947  
     

 

 

 
        2,401,184  
     

 

 

 
          Pipelines - 0.1%  
    180,802    

BCP Renaissance Parent LLC

4.50%, 10/31/2024, 3 mo. USD LIBOR + 3.500%

    165,660  
    98,750    

Lower Cadence Holdings LLC

4.15%, 05/22/2026, 3 mo. USD LIBOR + 4.000%

    89,431  
    102,900    

NorthRiver Midstream Finance L.P.

3.48%, 10/01/2025, 3 mo. USD LIBOR + 3.250%

    95,980  
     

 

 

 
        351,071  
     

 

 

 
          Real Estate - 0.2%  
    426,403    

KFC Holding Co. 1.90%, 04/03/2025, 3 mo.
USD LIBOR + 1.750%

    415,513  
    419,545    

VICI Properties LLC 1.90%, 12/20/2024,
1 mo. USD LIBOR + 1.750%

    402,239  
     

 

 

 
        817,752  
     

 

 

 
          Retail - 0.4%  
    459,159    

B.C. Unlimited Liability Co.

1.90%, 11/19/2026, 1 mo. USD LIBOR + 1.750%

    439,838  
    194,000    

Bass Pro Group LLC 5.75%, 09/25/2024,
3 mo. USD LIBOR + 5.000%

    193,212  
    198,980    

Beacon Roofing Supply, Inc.

2.40%, 01/02/2025, 3 mo. USD LIBOR + 2.250%

    192,358  
    273,573    

Coty, Inc. 2.39%, 04/07/2025, 3 mo. USD
LIBOR + 2.250%

    238,865  
    376,801    

Harbor Freight Tools USA, Inc.

0.00%, 10/19/2027, 1 mo. USD LIBOR + 3.250%

    370,719  
    245,000    

Les Schwab Tire Centers
0.00%, 10/28/2027(10)

    242,550  
    306,539    

Michaels Stores, Inc. 4.25%, 10/01/2027,
1 mo. USD LIBOR + 3.500%

    299,795  
    123,100    

PetSmart, Inc. 4.50%, 03/11/2022, 1 mo.
USD LIBOR +3.500%

    121,630  
    126,770    

Staples, Inc. 5.25%, 04/16/2026, 3 mo. USD
LIBOR + 5.000%

    116,027  
     

 

 

 
        2,214,994  
     

 

 

 
          Semiconductors - 0.0%  
    56,188    

Entegris, Inc. 2.15%, 11/06/2025, 3 mo. USD
LIBOR + 2.000%

    56,029  
 

 

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

 

 

  80  

 


The Hartford Inflation Plus Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 7.3%(9) - (continued)  
          Semiconductors - 0.0% - (continued)  
$     71,111    

Microchip Technology, Inc.

2.15%, 05/29/2025, 3 mo. USD LIBOR + 2.000%

  $ 70,252  
    101,231    

ON Semiconductor Corp. 2.15%, 09/19/2026,
1 mo. USD LIBOR + 2.000%

    98,882  
     

 

 

 
        225,163  
     

 

 

 
          Software - 0.5%  
    223,875    

Dun & Bradstreet Corp. 3.91%, 02/06/2026,
1 mo. USD LIBOR + 4.000%

    220,190  
    136,077    

Epicor Software Corp.

5.25%, 07/30/2027, 1 mo. USD LIBOR + 4.250%

    135,431  
    151,973    

Finastra USA, Inc. 4.50%, 06/13/2024, 3 mo.
USD LIBOR + 3.500%

    143,192  
    216,681    

Go Daddy Operating Co. LLC

1.90%, 02/15/2024, 1 mo. USD LIBOR + 1.750%

    211,292  
    300,000    

Hyland Software, Inc. 0.00%, 07/01/2024,
1 mo. USD LIBOR + 3.500%(10)

    295,287  
    17,882    

MA FinanceCo. LLC 2.65%, 06/21/2024,
3 mo. USD LIBOR + 2.750%

    16,809  
    120,758    

Seattle Spinco, Inc. 2.65%, 06/21/2024,
3 mo. USD LIBOR + 2.750%

    113,513  
    393,138    

SS&C Technologies, Inc. 1.90%, 04/16/2025,
1 mo. USD LIBOR + 1.750%

    381,675  
   

Ultimate Software Group, Inc.

 

    397,492    

3.90%, 05/04/2026, 3 mo. USD LIBOR + 3.750%

    390,095  
    270,000    

4.75%, 05/04/2026, 1 mo. USD LIBOR + 4.000%

    268,145  
    203,175    

Verint Systems, Inc. 2.14%, 06/28/2024,
3 mo. USD LIBOR + 2.000%

    200,127  
    248,125    

Zelis Payments Buyer, Inc.

4.90%, 09/30/2026, 1 mo. USD LIBOR + 4.750%

    246,309  
     

 

 

 
        2,622,065  
     

 

 

 
          Telecommunications - 0.3%  
    491,802    

Altice France S.A. 3.84%, 01/31/2026, 3 mo.
USD LIBOR + 3.688%

    474,776  
    147,140    

Ciena Corp. 4.00%, 09/26/2025, 1 mo. USD
LIBOR + 1.750%

    146,515  
    100,000    

Consolidated Communications, Inc.
0.00%, 10/02/2027(10)

    99,000  
    100,000    

LCPR Loan Financing LLC

5.15%, 10/15/2026, 1 mo. USD LIBOR + 5.000%

    99,875  
    252,996    

Level 3 Financing, Inc. 1.90%, 03/01/2027,
1 mo. USD LIBOR + 1.750%

    243,761  
    223,485    

MTN Infrastructure TopCo, Inc.

4.00%, 11/15/2024, 3 mo. USD LIBOR + 3.000%

    217,688  
    225,000    

Telenet Financing USD LLC

2.15%, 04/30/2028, 6 mo. USD LIBOR + 2.000%

    217,084  
     

 

 

 
        1,498,699  
     

 

 

 
          Transportation - 0.1%  
    497,500    

Genesee & Wyoming, Inc.

2.22%, 12/30/2026, 1 mo. USD LIBOR + 2.000%

    486,396  
     

 

 

 
   

Total Senior Floating Rate Interests
(cost $39,024,846)

  $ 38,429,216  
     

 

 

 
Shares or Principal Amount   Market Value  
U.S. GOVERNMENT AGENCIES - 4.4%  
          Mortgage-Backed Agencies - 4.4%  
          FHLMC - 1.1%  
$     5,233,752    

1.12%, 06/25/2030(4)(5)

  $ 481,654  
    1,127,401    

2.20%, 04/25/2049, 1 mo. USD LIBOR + 2.050%(1)(2)

    1,108,120  
    1,011,736    

2.20%, 07/25/2049, 1 mo. USD LIBOR + 2.050%(1)(2)

    991,369  
    1,111,217    

2.50%, 02/25/2049, 1 mo. USD LIBOR + 2.350%(1)(2)

    1,091,629  
    1,148,269    

2.80%, 01/25/2049, 1 mo. USD LIBOR + 2.650%(1)(2)

    1,136,952  
    826,268    

4.40%, 11/25/2023, 1 mo. USD LIBOR + 4.250%(2)

    757,747  
     

 

 

 
        5,567,471  
     

 

 

 
      FNMA - 0.1%  
$     704,314    

2.55%, 04/25/2031, 1 mo. USD LIBOR + 2.400%(1)(2)

  $ 700,407  
     

 

 

 
          UMBS - 3.2%  
$     8,250,000    

2.00%, 11/15/2050(12)

  $ 8,509,424  
    8,100,000    

2.00%, 12/14/2050(12)

    8,336,672  
     

 

 

 
        16,846,096  
     

 

 

 
   

Total U.S. Government Agencies
(cost $23,235,522)

  $ 23,113,974  
     

 

 

 
U.S. GOVERNMENT SECURITIES - 74.7%  
          U.S. Treasury Securities - 74.7%  
          U.S. Treasury Bonds - 1.0%  
$     922,171    

1.00%, 02/15/2048(7)

  $ 1,241,821  
    3,330,000    

2.88%, 08/15/2045

    4,251,343  
    2,638,397    

U.S. Treasury Inflation Protected Security
0.25%, 02/15/2050(7)

    3,028,351  
     

 

 

 
        8,521,515  
     

 

 

 
          U.S. Treasury Notes - 73.1%  
    60,254,875    

0.13%, 04/15/2021(7)(13)(14)(15)

    60,197,210  
    59,697,704    

0.13%, 07/15/2026(7)

    64,265,977  
    17,135,753    

0.13%, 07/15/2030(7)

    18,809,167  
    29,855,748    

0.25%, 07/15/2029(7)

    33,032,586  
    17,122,789    

0.38%, 01/15/2027(7)

    18,692,601  
    120,759,864    

0.63%, 01/15/2026(7)(15)

    132,116,481  
    47,649,592    

0.88%, 01/15/2029(7)

    54,912,432  
    500,000    

1.13%, 02/28/2022(13)

    506,504  
     

 

 

 
        382,532,958  
     

 

 

 
   

Total U.S. Government Securities
(cost $373,607,095)

  $ 391,054,473  
     

 

 

 
   

Total Long-Term Investments
(cost $501,688,249)

  $ 516,169,251  
     

 

 

 
SHORT-TERM INVESTMENTS - 3.0%  
          Repurchase Agreements - 3.0%  
    15,746,853    

Fixed Income Clearing Corp. Repurchase Agreement dated 10/30/2020 at 0.060%, due on 11/02/2020 with a maturity value of $15,746,932; collateralized by U.S. Treasury Note at 2.250%, maturing 11/15/2027, with a market value of $16,061,835

    15,746,853  
     

 

 

 
          Securities Lending Collateral - 0.0%  
    114,312    

Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 0.01% 0.02%, 11/02/2020(16)

    114,312  
 

 

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

 

 

  81  

 


The Hartford Inflation Plus Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
SHORT-TERM INVESTMENTS - 3.0% - (continued)  
          Securities Lending Collateral - 0.0% - (continued)  
$     116    

Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 0.02% 0.03%, 11/02/2020(16)

  $ 116  
     

 

 

 
        114,428  
     

 

 

 
   

Total Short-Term Investments
(cost $15,861,281)

  $ 15,861,281  
     

 

 

 
   

Total Investments Excluding Purchased Options
(cost $517,549,530)

    101.6    $ 532,030,532  
   

Total Purchased Options
(cost $72,770)

    0.0    $ 47  
        

 

 

 
   

Total Investments
(cost $517,622,300)

    101.6    $ 532,030,579  
   

Other Assets and Liabilities

    (1.6 )%       (8,253,442
     

 

 

    

 

 

 
   

Total Net Assets

    100.0    $ 523,777,137  
     

 

 

    

 

 

 

 

Note:

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

 

    

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

 

    

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

    

See “Glossary” for abbreviation descriptions.

 

(1)

Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions that are exempt from registration (typically only to qualified institutional buyers) or in a public offering registered under the Securities Act of 1933. At October 31, 2020, the aggregate value of these securities was $17,689,914, representing 3.4% of net assets.

 

(2)

Variable rate securities; the rate reported is the coupon rate in effect at October 31, 2020. Base lending rates may be subject to a floor or cap.

 

(3)

Security is a “step-up” bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate.

(4)

Variable or floating rate security, which interest rate adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. Rate shown is the rate in effect as of period end.

 

(5)

Securities disclosed are interest-only strips.

 

(6)

Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information.

 

(7)

The principal amount for these securities are adjusted for inflation and the interest payments equal a fixed percentage of the inflation-adjusted principal amount.

 

(8)

Security is exempt from registration under Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. At October 31, 2020, the aggregate value of these securities was $2,819,856, representing 0.5% of net assets.

 

(9)

Senior floating rate interests generally pay interest rates which are periodically adjusted by reference to a base short-term, floating lending rate plus a premium. The base lending rates are primarily the LIBOR, and secondarily the prime rate offered by one or more major United States banks (the “Prime Rate”) and the certificate of deposit rate or other base lending rates used by commercial lenders. Senior floating rate interests often require prepayments from excess cash flows or permit the borrower to repay at its election. The rate at which the borrower repays cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. Base lending rates may be subject to a floor or cap. Unless otherwise noted, the interest rate disclosed for these securities represents the rate in effect as of October 31, 2020.

 

(10)

Represents an unsettled loan commitment. The coupon rate will be determined at time of settlement.

 

(11)

This security, or a portion of this security, has unfunded loan commitments. As of October 31, 2020, the aggregate value of the unfunded commitment was $44,613, which rounds to 0.0% of total net assets.

 

(12)

Represents or includes a TBA transaction.

 

(13)

All, or a portion of the security, was pledged as collateral in connection with futures contracts. As of October 31, 2020, the market value of securities pledged was $1,105,930.

 

(14)

All, or a portion of the security, was pledged as collateral in connection with centrally cleared swap contracts. As of October 31, 2020, the market value of securities pledged was $2,597,512.

 

(15)

All, or a portion of the security, was pledged as collateral in connection with OTC swap contracts. As of October 31, 2020, the market value of securities pledged was $797,297.

 

(16)

Current yield as of period end.

 

 

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

 

 

  82  

 


The Hartford Inflation Plus Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

OTC Swaption Contracts Outstanding at October 31, 2020  

Description

  

Counter-
party

  

Exercise Price/
FX Rate/ Rate

   Pay/
Receive
Floating
Rate
     Expiration
Date
    

Notional
Amount

     Number of
Contracts
     Market
Value
     Premiums
Paid
(Received)
by Fund
     Unrealized
Appreciation/
(Depreciation)
 
Purchased swaption contracts:  
Puts  

3 Month USD-LIBOR-BBA-
Interest Rate Swap
Expiring 11/23/2020

   BOA    1.70%      Receive        11/23/2020      USD     2,905,000        2,905,000      $ 47      $ 72,770      $ (72,723
                      

 

 

    

 

 

    

 

 

 

Total purchased OTC swaption contracts

                 $     47      $     72,770      $     (72,723
                      

 

 

    

 

 

    

 

 

 

 

Futures Contracts Outstanding at October 31, 2020  

Description

   Number of
Contracts
     Expiration
Date
     Current
Notional
Amount
     Value and
Unrealized
Appreciation/
(Depreciation)
 
Long position contracts:  

Australian 10-Year Bond Future

     7        12/15/2020      $ 735,655      $ 9,939  

U.S. Treasury 2-Year Note Future

     39        12/31/2020        8,612,906        (985

U.S. Treasury 10-Year Note Future

     569        12/21/2020        78,646,469        (530,868

U.S. Treasury Long Bond Future

     12        12/21/2020        2,069,625        (40,522
           

 

 

 

Total

 

   $ (562,436
           

 

 

 
Short position contracts:  

Euro-BUND Future

     44        12/08/2020      $ 9,026,737      $ (49,007

Euro-OAT Future

     15        12/08/2020        2,971,779        (38,653

U.S. Treasury 5-Year Note Future

     182        12/31/2020        22,859,485        54,106  

U.S. Treasury 10-Year Ultra Future

     172        12/21/2020            27,052,375        345,740  

U.S. Treasury Ultra Bond Future

     21        12/21/2020        4,515,000        176,027  
           

 

 

 

Total

 

   $ 488,213  
           

 

 

 

Total futures contracts

 

   $     (74,223
           

 

 

 

 

OTC Credit Default Swap Contracts Outstanding at October 31, 2020         

Reference Entity

   Counter-
party
   Notional
Amount (a)
     (Pay)/Receive
Fixed Rate
   Expiration
Date
     Periodic
Payment
Frequency
     Upfront
Premiums
Paid
     Upfront
Premiums
Received
    Market
Value
     Unrealized
Appreciation/
(Depreciation)
 
Credit default swaps on indices:                                                
Sell protection:                                                

CDX.NA.HY.34.V7

   GSC      USD       11,095,200      5.00%      06/20/2023        Quarterly      $      $ (345,885   $ 391,425      $ 737,310  
                   

 

 

    

 

 

   

 

 

    

 

 

 

Total OTC credit default swap contracts

 

      $     —      $     (345,885   $     391,425      $     737,310  
                   

 

 

    

 

 

   

 

 

    

 

 

 

 

(a) 

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

 

Centrally Cleared Credit Default Swap Contracts Outstanding at October 31, 2020         

Reference Entity

   Notional
Amount (a)
     (Pay)/Receive
Fixed Rate
    Expiration
Date
   Periodic
Payment
Frequency
     Upfront
Premiums
Paid
(Received)
     Value      Unrealized
Appreciation/
(Depreciation)
 
Credit default swaps on indices:                                  
Sell protection:                                  

CDX.NA.IG.34.V1

   USD     41,620,000        1.00   06/20/2025      Quarterly      $ 226,840      $ 221,348      $ (5,492
               

 

 

    

 

 

    

 

 

 

Total centrally cleared credit default swap contracts

 

   $     226,840      $     221,348      $     (5,492
               

 

 

    

 

 

    

 

 

 

 

(a) 

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

 

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

 

 

  83  

 


The Hartford Inflation Plus Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

OTC Interest Rate Swap Contracts Outstanding at October 31, 2020  

Counterparty

  

Payments made
by Fund

  

Payments received
by Fund

   Notional
Amount
     Expiration
Date
     Periodic
Payment
Frequency
     Upfront
Premiums
Paid
     Upfront
Premiums
Received
     Value     Unrealized
Appreciation/
(Depreciation)
 

BCLY

  

2.00% Fixed

  

CPURNSA

     USD       7,810,000        01/15/2022        At Maturity      $     —      $      $     (172,483   $     (172,483

BCLY

  

2.29% Fixed

  

CPURNSA

     USD       25,572,000        01/15/2022        At Maturity                      (736,576     (736,576

BOA

  

1.24% Fixed

  

CPURNSA

     USD       6,050,000        01/15/2029        At Maturity                      342,670       342,670  

BOA

  

2.12% Fixed

  

CPURNSA

     USD       8,580,000        01/15/2024        At Maturity                      (270,671     (270,671

CBK

  

0.00% Fixed

  

CPURNSA

     USD       46,000,000        04/15/2021        Annual                      797,155       797,155  
                   

 

 

    

 

 

    

 

 

   

 

 

 

Total OTC interest rate swap contracts

 

         $      $     —      $ (39,905   $ (39,905
                   

 

 

    

 

 

    

 

 

   

 

 

 

 

Centrally Cleared Interest Rate Swap Contracts Outstanding at October 31, 2020  

Payments made

by Fund

  

Payments received
by Fund

   Notional
Amount
     Expiration
Date
     Periodic
Payment
Frequency
     Upfront
Premiums
Paid
     Upfront
Premiums
Received
    Value     Unrealized
Appreciation/
(Depreciation)
 

0.93% Fixed

  

12 Mo. Federal Funds Rate

     USD       13,439,000        08/22/2024        Annual      $      $     $ (462,215   $ (462,215

1.03% Fixed

  

12 Mo. Federal Funds Rate

     USD       9,012,000        09/06/2026        Annual                     (395,319     (395,319

1.00% Fixed

  

12 Mo. Federal Funds Rate

     USD       3,322,000        09/29/2026        Annual        59,530              (137,386     (196,916

0.38% Fixed

  

3 Mo. USD LIBOR

     USD       7,135,000        12/16/2025        Semi-Annual               (6,418     29,461       35,879  

0.83% Fixed

  

3 Mo. USD LIBOR

     USD       2,705,000        03/20/2030        Semi-Annual                     (1,401     (1,401
                

 

 

    

 

 

   

 

 

   

 

 

 

Total centrally cleared interest rate swap contracts

 

         $     59,530      $     (6,418   $     (966,860     $    (1,019,972
                

 

 

    

 

 

   

 

 

   

 

 

 

 

Bond Forward Contracts Outstanding at October 31, 2020  

Counterparty

    

Reference Obligation

     Notional
Amount
       Expiration
Date
       Unrealized
Appreciation/
(Depreciation)
 

BOA

     U.S. Treasury Bonds, 0.13%, 07/15/2026(7)        USD       9,202,155          11/30/2020        $ (37,454

BOA

     U.S. Treasury Bonds, 0.13%, 07/15/2030(7)        USD       11,156,169          11/30/2020          (116,537

MSC

     U.S. Treasury Bonds, 0.63%, 01/15/2026(7)        USD       18,231,005          11/30/2020          (66,317
                     

 

 

 

Total bond forward contracts

                 $     (220,308
                     

 

 

 

 

Foreign Currency Contracts Outstanding at October 31, 2020  
Amount and Description of
Currency to be Purchased
   Amount and Description of
Currency to be Sold
   Counterparty    Settlement
Date
    Appreciation     Depreciation  
  4,954,100,000      COP      1,308,825      USD    BCLY      11/30/2020     $     $ (30,702
  22,000      EUR      25,632      USD    CBK      11/30/2020       7        
  122,000      EUR      142,334      USD    SSG      11/30/2020             (153
  11,167,000      EUR      13,212,241      USD    BCLY      11/30/2020             (197,995
  754,800,000      JPY      7,196,522      USD    JPM      11/30/2020       15,471        
  56,320,000      MXN      2,677,544      USD    MSC      11/30/2020             (31,363
  175,410,000      RUB      2,285,353      USD    GSC      11/30/2020             (84,053
  2,637,977      USD      14,019,000      BRL    BNP      12/16/2020       199,299        
  1,506,944      USD      5,620,240,000      COP    GSC      12/16/2020       57,899        
  20,746,046      USD      17,509,000      EUR    CBK      11/30/2020       340,706        
  4,060,130      USD      59,594,583,000      IDR    BCLY      11/30/2020             (3,322
  2,640,039      USD      8,910,000      ILS    BOA      11/30/2020       28,040        
  6,454,941      USD      677,020,000      JPY    JPM      11/30/2020             (13,877
  4,338,764      USD      332,653,000      RUB    JPM      12/16/2020       172,823        
  1,117,544      USD      19,012,000      ZAR    BNP      12/15/2020             (44,433
                

 

 

   

 

 

 
 

Total Foreign Currency Contracts

    $     814,245     $     (405,898
                

 

 

   

 

 

 

 

 

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

 

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

 

 

  84  

 


The Hartford Inflation Plus Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Fair Value Summary

The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.

 

Description

   Total     Level 1     Level 2     Level 3(1)  

Assets

 

Asset & Commercial Mortgage-Backed Securities

   $ 18,824,653     $     $ 18,824,653     $  

Corporate Bonds

     9,140,850             9,140,850        

Foreign Government Obligations

     35,606,085             35,606,085        

Senior Floating Rate Interests

     38,429,216             38,429,216        

U.S. Government Agencies

     23,113,974             23,113,974        

U.S. Government Securities

     391,054,473             391,054,473        

Short-Term Investments

     15,861,281       114,428       15,746,853        

Purchased Options

     47             47        

Foreign Currency Contracts(2)

     814,245             814,245        

Futures Contracts(2)

     585,812       585,812              

Swaps - Credit Default(2)

     737,310             737,310        

Swaps - Interest Rate(2)

     1,175,704             1,175,704        
  

 

 

   

 

 

   

 

 

   

 

 

 

Total

   $     535,343,650     $     700,240     $     534,643,410     $     —  
  

 

 

   

 

 

   

 

 

   

 

 

 

Liabilities

 

Bond Forward Contracts(2)

   $ (220,308   $     $ (220,308   $  

Foreign Currency Contracts(2)

     (405,898           (405,898      

Futures Contracts(2)

     (660,035     (660,035            

Swaps - Credit Default(2)

     (5,492           (5,492      

Swaps - Interest Rate(2)

     (2,235,581           (2,235,581      
  

 

 

   

 

 

   

 

 

   

 

 

 

Total

   $ (3,527,314   $ (660,035   $ (2,867,279   $  
  

 

 

   

 

 

   

 

 

   

 

 

 

 

(1) 

For the year ended October 31, 2020, there were no transfers in and out of Level 3.

 

(2) 

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

 

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

 

 

  85  

 


Hartford Municipal Income Fund

Schedule of Investments

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
MUNICIPAL BONDS - 95.8%  
          Alabama - 2.3%  
   

Birmingham, AL, Airport Auth, (BAM Insured)

 

$     500,000    

5.00%, 07/01/2030

  $ 644,595  
    300,000    

5.00%, 07/01/2032

    381,327  
    150,000    

Jefferson County, AL, Board of Education Special Tax 5.00%, 02/01/2046

    176,641  
    300,000    

State of Alabama, Docks Department, (AGM Insured) 5.00%, 10/01/2024

    348,219  
    335,000    

State of Alabama, Troy University, (BAM Insured) 5.00%, 11/01/2023

    377,344  
     

 

 

 
        1,928,126  
     

 

 

 
          Arizona - 1.1%  
    325,000    

City of Phoenix, AZ, Civic Improvement Corp. 5.00%, 07/01/2031

    389,639  
    100,000    

Maricopa County, AZ, Industrial Dev Auth
5.00%, 09/01/2042

    118,746  
    200,000    

Salt Verde Financial Corp., AZ, Rev 5.00%, 12/01/2037

    267,164  
    110,000    

Tempe, AZ, Industrial Dev Auth 4.00%, 10/01/2023(1)

    109,579  
     

 

 

 
        885,128  
     

 

 

 
          California - 5.1%  
    50,000    

Alameda County, Oakland, CA, Unified School Dist, GO, (AGM Insured) 4.00%, 08/01/2034

    57,530  
    50,000    

California County, CA, Tobacco Securitization Agency 5.00%, 06/01/2030

    66,081  
   

City of Los Angeles, CA, Department of Airports Rev

 

    1,000,000    

4.00%, 05/15/2040

    1,156,660  
    100,000    

5.00%, 05/15/2026

    117,593  
    45,000    

Elk Grove, CA, Finance Auth Special Tax, (BAM Insured) 5.00%, 09/01/2032

    52,914  
    90,000    

Los Angeles County, CA, Metropolitan Transportation Auth 4.00%, 06/01/2034

    102,786  
    200,000    

Los Angeles, CA, Department of Water Rev
0.07%, 07/01/2035(2)

    200,000  
   

Orange County, CA, Community Facs Dist Special Tax

 

    100,000    

5.00%, 08/15/2023

    110,534  
    150,000    

5.00%, 08/15/2033

    172,205  
    100,000    

Romoland, CA, School Dist Special Tax
5.00%, 09/01/2043

    112,912  
    100,000    

San Bernardino City, CA, Unified School Dist, GO, (NATL Insured) 0.00%, 08/01/2027(3)

    91,439  
    350,000    

San Francisco, CA, City & County Airport Comm-San Francisco International Airport 5.00%, 05/01/2043

    409,108  
    255,000    

San Joaquin Hills, CA, Transportation Corridor Agency, (NATL Insured) 0.00%, 01/15/2025(3)

    234,750  
   

State of California, GO

 

    1,000,000    

4.00%, 03/01/2036

    1,194,740  
    140,000    

4.00%, 11/01/2041

    157,718  
     

 

 

 
        4,236,970  
     

 

 

 
          Colorado - 3.3%  
   

City & County of Denver, CO, Airport System Rev

 

    300,000    

5.00%, 12/01/2029

    373,668  
    175,000    

5.00%, 12/01/2036

    236,906  
    200,000    

Colorado Health Facs Auth Rev 4.00%, 12/01/2040

    217,824  
    150,000    

Denver, CO, Convention Center Hotel Auth
5.00%, 12/01/2040

    158,479  
    100,000    

Denver, CO, Urban Renewal Auth 5.25%, 12/01/2039(1)

    102,715  
    45,000    

E-470 Public Highway, CO, Auth Rev
1.15%, 09/01/2039, 1 mo. USD LIBOR + 1.050%(4)

    45,039  
   

Park Creek, CO, Metropolitan Dist Rev

 

    100,000    

5.00%, 12/01/2023

    113,080  
    120,000    

5.00%, 12/01/2029

    152,261  
    1,000,000    

State of Colorado 5.00%, 12/15/2033

    1,328,210  
Shares or Principal Amount   Market Value  
MUNICIPAL BONDS - 95.8% - (continued)  
          Colorado - 3.3% - (continued)  
$     25,000    

Vauxmont, CO, Metropolitan Dist, GO, (AGM Insured) 5.00%, 12/15/2030

  $ 29,126  
     

 

 

 
        2,757,308  
     

 

 

 
          Connecticut - 2.9%  
    200,000    

City of Bridgeport, CT, GO, (BAM Insured)
5.00%, 07/15/2048

    232,918  
   

Connecticut State Health & Educational Facs Auth

 

    190,000    

5.00%, 07/01/2024

    205,681  
    750,000    

5.00%, 07/01/2040

    922,545  
    60,000    

5.00%, 07/01/2042

    69,725  
    250,000    

Hamden, CT, GO, (AGM Insured) 5.00%, 08/15/2025

    291,832  
    50,000    

Hartford, CT, GO, (AGM ST GTD Insured)
5.00%, 07/01/2027

    58,906  
    170,000    

State of Connecticut, GO 5.00%, 06/15/2026

    203,300  
    250,000    

State of Connecticut, Special Tax Rev
5.00%, 05/01/2033

    320,897  
    100,000    

Waterbury, CT, GO 5.00%, 11/15/2047

    118,833  
     

 

 

 
        2,424,637  
     

 

 

 
          District of Columbia - 0.6%  
    150,000    

Dist of Columbia Rev 5.00%, 07/01/2042

    142,016  
    150,000    

Dist of Columbia, GO 5.00%, 06/01/2032

    173,163  
    175,000    

Metropolitan Washington, DC, Airports Auth System Rev 5.00%, 10/01/2026

    214,714  
     

 

 

 
        529,893  
     

 

 

 
          Florida - 4.9%  
    55,000    

Broward County, FL, Airport System Rev
4.00%, 10/01/2044

    60,514  
    300,000    

Broward County, FL, Port Facs Rev
5.00%, 09/01/2028

    375,732  
    135,000    

Capital Projects, FL, Finance Auth
5.00%, 10/01/2027

    151,467  
    70,000    

City of Atlantic Beach, FL, Health Care Facs Auth 5.00%, 11/15/2048

    74,967  
   

City of Tampa, FL Rev

 

    45,000    

0.00%, 09/01/2036(3)

    27,375  
    50,000    

0.00%, 09/01/2038(3)

    27,712  
    200,000    

Jacksonville, FL, Sales Tax Rev 5.00%, 10/01/2030

    215,954  
    150,000    

JEA, FL, Electric System Rev 5.00%, 10/01/2028

    188,586  
    150,000    

JEA, FL, Water & Sewer System Rev
5.00%, 10/01/2028

    192,029  
   

Lee County, FL, Airport Rev

 

    125,000    

5.00%, 10/01/2032

    145,956  
    100,000    

5.00%, 10/01/2033

    116,353  
   

Miami-Dade County, FL, Aviation Rev

 

    15,000    

5.00%, 10/01/2029

    17,284  
    15,000    

5.00%, 10/01/2031

    17,155  
    20,000    

5.00%, 10/01/2032

    22,772  
    20,000    

5.00%, 10/01/2033

    22,702  
    65,000    

Miami-Dade County, FL, Seaport Department Rev 5.00%, 10/01/2023

    71,977  
   

Orange County, FL, Convention Center/Orlando

 

    500,000    

5.00%, 10/01/2023

    555,185  
    285,000    

5.00%, 10/01/2024

    326,776  
    125,000    

5.00%, 10/01/2027

    152,241  
    100,000    

Orange County, FL, Health Facs Auth
5.00%, 08/01/2031

    110,467  
    355,000    

Palm Beach County, FL, Health Facs Auth
2.63%, 06/01/2025

    354,769  
    265,000    

Polk County, FL, Industrial Dev Auth
5.00%, 01/01/2029

    290,400  
    200,000    

Port St. Lucie, FL, Special Assessment
4.00%, 07/01/2027

    234,240  
    60,000    

Putnam County, FL, Dev Auth 5.00%, 03/15/2042

    71,804  
 

 

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

 

 

  86  

 


Hartford Municipal Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
MUNICIPAL BONDS - 95.8% - (continued)  
          Florida - 4.9% - (continued)  
$     200,000    

Seminole County, FL, Industrial Dev Auth
3.75%, 11/15/2025

  $ 186,710  
    70,000    

Volusia County, FL, Educational Facs Auth
4.00%, 10/15/2035

    80,343  
     

 

 

 
        4,091,470  
     

 

 

 
          Georgia - 2.5%  
    100,000    

Appling County, GA, Dev Auth Rev
1.50%, 01/01/2038(2)

    101,144  
   

Burke County, GA, Dev Auth Rev

 

    280,000    

1.50%, 01/01/2040(2)

    283,203  
    165,000    

2.25%, 10/01/2032(2)

    170,831  
    70,000    

2.35%, 10/01/2032(2)

    70,129  
    125,000    

3.00%, 11/01/2045(2)

    130,592  
    25,000    

Georgia Housing & Finance Auth Rev
3.50%, 06/01/2039

    26,232  
   

Main Street Natural Gas, Inc., GA

 

    170,000    

5.00%, 05/15/2032

    206,970  
    315,000    

5.50%, 09/15/2028

    403,153  
   

Municipal Electric Auth, GA

 

    135,000    

5.00%, 01/01/2024

    153,576  
    100,000    

5.00%, 01/01/2028

    121,346  
    235,000    

5.00%, 01/01/2033

    300,664  
    85,000    

5.00%, 01/01/2056

    100,461  
     

 

 

 
        2,068,301  
     

 

 

 
          Hawaii - 0.9%  
   

State of Hawaii Airports System Rev

 

    500,000    

4.00%, 07/01/2035

    570,085  
    150,000    

5.00%, 07/01/2031

    181,979  
     

 

 

 
        752,064  
     

 

 

 
          Idaho - 0.3%  
    260,000    

Idaho Health Facs Auth Rev 0.23%, 12/01/2048(2)

    260,000  
     

 

 

 
          Illinois - 13.5%  
    65,000    

Champaign County, IL, Community Unit School Dist No. 4 Champaign, GO 0.00%, 01/01/2025(3)

    62,883  
    100,000    

Chicago, IL, Board of Education Rev
5.75%, 04/01/2035

    114,829  
   

Chicago, IL, Board of Education, GO

 

    150,000    

5.00%, 12/01/2027

    167,796  
    200,000    

5.00%, 12/01/2046

    211,016  
    200,000    

5.25%, 12/01/2023

    214,512  
    140,000    

5.25%, 12/01/2039

    147,265  
   

Chicago, IL, Metropolitan Water Reclamation Dist, GO

 

    235,000    

5.00%, 12/01/2025

    284,016  
    270,000    

5.25%, 12/01/2032

    374,663  
   

Chicago, IL, Midway International Airport Rev

 

    100,000    

5.00%, 01/01/2023

    108,218  
    250,000    

5.00%, 01/01/2041

    269,675  
   

Chicago, IL, O’Hare International Airport

 

    185,000    

5.00%, 01/01/2031

    236,308  
    420,000    

5.00%, 01/01/2032

    518,936  
   

Chicago, IL, Transit Auth, (AGM-CR Insured)

 

    100,000    

5.00%, 12/01/2044

    112,767  
    175,000    

5.00%, 12/01/2045

    206,442  
    250,000    

5.00%, 12/01/2046

    288,362  
    160,000    

5.25%, 12/01/2024

    168,622  
   

City of Chicago, IL, GO

 

    85,000    

5.00%, 01/01/2022

    87,197  
    250,000    

5.00%, 01/01/2026

    262,535  
   

City of Decatur, IL, GO, (AGM Insured)

 

    110,000    

5.00%, 03/01/2034

    129,933  
    150,000    

5.00%, 03/01/2035

    176,846  
Shares or Principal Amount   Market Value  
MUNICIPAL BONDS - 95.8% - (continued)  
          Illinois - 13.5% - (continued)  
   

Cook County, IL, Community High School Dist No. 212 Leyden, (BAM Insured)

 
$     105,000    

5.00%, 12/01/2027

  $ 123,432  
    170,000    

5.00%, 12/01/2030

    199,092  
    105,000    

Cook County, IL, GO 5.00%, 11/15/2028

    105,274  
   

Illinois State Finance Auth Rev

 

    45,000    

5.00%, 09/01/2021

    45,963  
    150,000    

5.00%, 11/15/2030

    171,966  
    115,000    

5.00%, 08/15/2033

    149,252  
    245,000    

5.00%, 08/15/2035

    275,919  
    150,000    

5.00%, 10/01/2041

    169,995  
    230,000    

5.00%, 05/15/2050(2)

    263,525  
   

Illinois State Toll Highway Auth, Taxable Rev

 

    300,000    

5.00%, 01/01/2030

    395,991  
    100,000    

5.00%, 01/01/2031

    127,535  
    150,000    

Kane Cook & DuPage Counties, IL, GO
5.00%, 01/01/2035

    169,530  
   

Kane County, IL, School Dist No. 131 Aurora East Side, GO, (AGM Insured)

 
    75,000    

5.00%, 12/01/2025

    90,271  
    130,000    

5.00%, 12/01/2026

    160,107  
    100,000    

Kane McHenry Cook & DeKalb Counties, IL, Unified School Dist, GO 5.00%, 01/01/2023

    109,731  
    935,000    

Kendall Kane & Will Counties, IL, Unified School Dist, GO, (AGM Insured) 5.00%, 02/01/2025

    1,087,330  
   

Metropolitan Pier & Exposition Auth, IL

 

    105,000    

0.00%, 12/15/2042(5)

    70,589  
    200,000    

5.00%, 12/15/2045

    220,418  
   

Railsplitter, IL, Tobacco Settlement Auth

 

    200,000    

5.00%, 06/01/2023

    222,410  
    70,000    

5.00%, 06/01/2027

    84,593  
   

Regional Transportation, IL, Auth Rev

 

    80,000    

5.00%, 06/01/2026

    91,254  
    125,000    

6.25%, 07/01/2022

    136,261  
    150,000    

Sales Tax Securitization Corp., IL 5.00%, 01/01/2029

    179,862  
    1,000,000    

Sales Tax Securitization Corp., IL Rev, (BAM Insured) 5.00%, 01/01/2037

    1,197,230  
   

State of Illinois, GO

 

    225,000    

5.00%, 11/01/2021

    230,087  
    400,000    

5.00%, 11/01/2026

    432,048  
    50,000    

5.00%, 02/01/2027

    54,672  
    150,000    

5.00%, 11/01/2028

    161,525  
    250,000    

5.00%, 05/01/2029

    261,390  
    90,000    

University of Illinois, IL, Auxiliary Facs Rev
5.00%, 04/01/2024

    98,816  
     

 

 

 
        11,228,889  
     

 

 

 
          Indiana - 0.6%  
    83,695    

City of Evansville, IN, (FNMA Insured)
3.00%, 06/01/2034

    87,844  
    275,000    

Indiana Housing & Community Dev Auth Rev, (GNMA Insured) 3.25%, 07/01/2049

    298,842  
    115,000    

Indiana Municipal Power Agency 5.00%, 01/01/2033

    142,284  
     

 

 

 
        528,970  
     

 

 

 
          Iowa - 0.1%  
    45,000    

State of Iowa, Finance Auth Rev 2.88%, 05/15/2049

    45,183  
     

 

 

 
          Kentucky - 0.4%  
    225,000    

Kentucky Bond Dev Corp. 5.00%, 09/01/2035

    258,082  
    90,000    

Kentucky Economic Dev Finance Auth, (AGM Insured) 5.00%, 12/01/2047

    95,060  
     

 

 

 
        353,142  
     

 

 

 
 

 

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

 

 

  87  

 


Hartford Municipal Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
MUNICIPAL BONDS - 95.8% - (continued)  
          Louisiana - 2.3%  
   

Louisiana State Local Gov’t Environmental Facs & Community Dev Auth Rev

 
$     100,000    

5.75%, 11/15/2030

  $ 103,344  
    100,000    

6.00%, 11/15/2030

    104,943  
   

Louisiana State Public Facs Auth Rev

 

    100,000    

5.00%, 05/15/2035

    113,959  
    100,000    

5.00%, 05/15/2047

    113,908  
    40,000    

6.38%, 05/15/2031

    41,307  
   

New Orleans, LA, Aviation Board, (AGM Insured)

 
    655,000    

5.00%, 01/01/2029

    808,512  
    200,000    

5.00%, 01/01/2038

    227,602  
    210,000    

Parish of St. John the Baptist, LA
2.38%, 06/01/2037(2)

    212,056  
    185,000    

Regional Transportation Auth, LA, Sales Tax Rev, (AGM Insured) 5.00%, 01/01/2026

    223,850  
     

 

 

 
        1,949,481  
     

 

 

 
          Maryland - 1.4%  
    50,000    

Maryland Health & Higher Educational Facs Auth 2.88%, 07/01/2023

    50,402  
    750,000    

Maryland Stadium Auth, (ST INTERCEPT Insured) 5.00%, 05/01/2050

    1,115,025  
     

 

 

 
        1,165,427  
     

 

 

 
          Massachusetts - 2.6%  
   

Massachusetts Dev Finance Agency, Rev, (AGM Insured)

 
    250,000    

5.00%, 10/01/2021

    259,697  
    115,000    

5.00%, 07/15/2022(1)

    121,210  
    100,000    

5.00%, 07/01/2034

    114,595  
    150,000    

5.00%, 07/01/2048

    173,681  
    175,000    

Massachusetts Educational Financing Auth Rev 5.00%, 07/01/2024

    196,536  
   

Massachusetts Housing Finance Agency

 

    330,000    

3.15%, 06/01/2023

    349,031  
    300,000    

3.30%, 06/01/2024

    323,001  
   

Massachusetts State Dev Finance Agency

 

    145,000    

5.00%, 07/01/2037

    169,115  
    150,000    

5.00%, 07/01/2044

    172,095  
    100,000    

5.00%, 10/01/2047(1)

    106,542  
    200,000    

Massachusetts State, Port Auth Rev
4.00%, 07/01/2046

    215,450  
     

 

 

 
        2,200,953  
     

 

 

 
          Michigan - 3.1%  
   

City of Detroit, MI, GO

 

    45,000    

5.00%, 04/01/2021

    45,607  
    85,000    

5.00%, 04/01/2022

    88,387  
    450,000    

Ecorse, MI, Public School Dist, GO, (Q-SBLF Insured) 5.00%, 05/01/2027

    567,004  
    150,000    

Great Lakes, MI, Water Auth Water Supply System Rev 5.00%, 07/01/2046

    175,548  
    250,000    

Lansing, MI, School Dist, GO, (Q-SBLF Insured) 5.00%, 05/01/2037

    314,675  
   

Michigan Finance Auth Rev

 

    165,000    

5.00%, 11/01/2034

    206,930  
    100,000    

5.00%, 07/01/2035

    116,600  
    100,000    

5.00%, 05/15/2038

    113,267  
    90,000    

Michigan State Hospital Finance Auth
5.00%, 11/15/2047

    111,521  
    300,000    

New Haven, MI, Community Schools, GO, (Q-SBLF Insured) 5.00%, 05/01/2032

    386,817  
    255,000    

Richmond, MI, Community Schools, GO, (Q-SBLF Insured) 5.00%, 05/01/2030

    331,304  
    50,000    

State of Michigan Rev 5.00%, 03/15/2027

    62,907  
    35,000    

Wayne County, MI, Airport Auth Rev
5.00%, 12/01/2030

    41,325  
     

 

 

 
        2,561,892  
     

 

 

 
Shares or Principal Amount   Market Value  
MUNICIPAL BONDS - 95.8% - (continued)  
          Minnesota - 0.9%  
   

Duluth, MN, Independent School Dist No. 709, (SCP Insured)

 
$     20,000    

4.00%, 02/01/2027

  $ 22,910  
    250,000    

5.00%, 02/01/2024

    283,295  
    79,277    

Freddie Mac Multifamily, MN, Certificates
2.54%, 06/25/2037

    84,661  
    100,000    

Minneapolis-St. Paul, MN, Metropolitan Airports Commission 5.00%, 01/01/2031

    117,653  
    200,000    

St. Francis, MN, Independent School Dist No. 15, GO, (SCP Insured) 4.00%, 02/01/2029

    213,180  
     

 

 

 
        721,699  
     

 

 

 
          Mississippi - 0.8%  
   

State of Mississippi

 

    200,000    

5.00%, 10/15/2022

    216,504  
    400,000    

5.00%, 10/15/2037

    467,148  
     

 

 

 
        683,652  
     

 

 

 
          Missouri - 1.4%  
    250,000    

Bi-State Dev Agency of the Missouri-Illinois Metropolitan Dist 4.00%, 10/01/2036

    291,563  
    165,000    

City of St. Louis, MO, Airport Rev 5.00%, 07/01/2031

    200,435  
    200,000    

Kansas City, MO, Industrial Dev Auth
5.00%, 03/01/2039

    234,702  
   

Kirkwood, MO, Industrial Dev Auth Retirement Community

 
    100,000    

5.25%, 05/15/2032

    108,318  
    100,000    

5.25%, 05/15/2050

    104,433  
    200,000    

St. Louis County, MO, Industrial Dev Auth
5.00%, 09/01/2023

    213,506  
     

 

 

 
        1,152,957  
     

 

 

 
          Montana - 0.4%  
    115,000    

Montana Board of Housing Rev, (FHA HUD VA Insured) 4.25%, 12/01/2045

    127,671  
    150,000    

Montana Facs Finance Auth Rev 5.00%, 02/15/2033

    178,762  
     

 

 

 
        306,433  
     

 

 

 
          Nebraska - 0.8%  
    300,000    

Central Plains, NE, Energy Project
5.00%, 09/01/2025

    356,793  
    300,000    

Washington County, NE Rev 0.90%, 09/01/2030(2)

    298,326  
     

 

 

 
        655,119  
     

 

 

 
          Nevada - 1.7%  
    100,000    

City of North Las Vegas, NV 3.50%, 06/01/2023

    100,855  
    150,000    

City of Reno, NV, Sales Tax Rev, (AGM Insured) 5.00%, 06/01/2033

    179,805  
    40,000    

City of Sparks, NV 2.50%, 06/15/2024(1)

    39,616  
    140,000    

Clark County, NV, Airport Rev 5.00%, 07/01/2026

    151,318  
   

Clark County, NV, School Dist, GO, (AGM Insured)

 

    250,000    

4.00%, 06/15/2036

    292,552  
    225,000    

5.00%, 06/15/2028

    274,978  
    100,000    

5.00%, 06/15/2029

    123,864  
    250,000    

Las Vegas, NV, New Convention Center Auth Rev 5.00%, 07/01/2043

    287,333  
     

 

 

 
        1,450,321  
     

 

 

 
          New Hampshire - 0.1%  
    70,000    

New Hampshire Health and Education Facs Auth Act Rev 5.00%, 08/01/2059

    99,315  
     

 

 

 
          New Jersey - 1.5%  
    75,000    

New Jersey Economic Dev Auth 5.00%, 06/15/2023

    82,220  
    40,000    

New Jersey Educational Facs Auth Rev, (AGM Insured) 4.00%, 07/01/2050

    44,349  
    50,000    

New Jersey Health Care Facs Financing Auth Rev 5.25%, 07/01/2026

    51,653  
   

New Jersey Transportation Trust Fund Auth

 

    65,000    

5.00%, 12/15/2023

    72,407  
 

 

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

 

 

  88  

 


Hartford Municipal Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
MUNICIPAL BONDS - 95.8% - (continued)  
          New Jersey - 1.5% - (continued)  
$     70,000    

5.00%, 12/15/2024

  $ 79,268  
    350,000    

5.50%, 12/15/2020

    351,918  
    350,000    

New Jersey Turnpike Auth Rev, (AGM Insured) 5.25%, 01/01/2026

    428,851  
    90,000    

Tobacco Settlement Financing Corp., NJ
5.00%, 06/01/2029

    112,872  
     

 

 

 
        1,223,538  
     

 

 

 
          New Mexico - 0.3%  
    205,000    

City of Santa Fe, NM, Rev 5.00%, 05/15/2039

    216,958  
     

 

 

 
          New York - 16.1%  
    405,000    

Brookhaven, NY, Local Dev 1.63%, 11/01/2025

    402,793  
    140,000    

City of New York, NY 4.00%, 11/01/2035

    165,424  
   

City of New York, NY, GO

 

    1,800,000    

0.10%, 08/01/2040(2)

    1,800,000  
    650,000    

0.12%, 04/01/2042(2)

    650,000  
    750,000    

5.00%, 08/01/2030

    982,215  
    125,000    

5.00%, 03/01/2039

    154,691  
    500,000    

Long Island, NY, Power Auth Rev
0.85%, 09/01/2050(2)

    501,975  
   

Metropolitan Transportation Auth, NY, Rev

 

    650,000    

5.00%, 11/15/2023

    700,245  
    200,000    

5.00%, 11/15/2033

    220,000  
    500,000    

5.00%, 11/15/2034(2)

    520,245  
    300,000    

5.00%, 11/15/2036

    346,299  
    100,000    

5.25%, 11/15/2027

    121,218  
    100,000    

5.25%, 11/15/2036

    117,340  
    70,000    

5.25%, 11/15/2040

    70,120  
    100,000    

New York City Industrial Dev Agency, (AGM Insured) 5.00%, 03/01/2030

    128,260  
   

New York City Transitional Finance Auth, Future Tax Secured Rev

 
    125,000    

4.00%, 05/01/2035

    148,059  
    215,000    

4.00%, 05/01/2040

    248,088  
    265,000    

5.00%, 11/01/2032

    345,266  
   

New York State Dormitory Auth Rev

 

    1,895,000    

0.10%, 07/01/2031(2)

    1,895,000  
    450,000    

4.00%, 02/15/2037

    520,722  
    150,000    

5.00%, 03/15/2031

    178,287  
    100,000    

New York State Liberty Dev Corp. Rev
5.25%, 10/01/2035

    137,332  
    500,000    

New York State Urban Dev Corp. Rev
5.00%, 03/15/2032

    653,160  
    100,000    

New York Transportation Dev Corp. Rev
5.00%, 07/01/2046

    107,002  
    300,000    

Port Auth of New York & New Jersey Rev
5.00%, 11/01/2038

    366,321  
   

State of New York Mortgage Agency

 

    300,000    

3.25%, 10/01/2024

    325,755  
    300,000    

3.25%, 04/01/2025

    318,501  
    750,000    

3.25%, 10/01/2050

    830,752  
    205,000    

3.50%, 10/01/2032

    222,958  
   

Syracuse, NY, Industrial Dev Agency

 

    110,000    

5.00%, 01/01/2031

    96,662  
    50,000    

5.00%, 01/01/2033

    42,519  
    100,000    

TSASC, Inc., NY 5.00%, 06/01/2023

    109,839  
     

 

 

 
        13,427,048  
     

 

 

 
          North Carolina - 0.6%  
   

North Carolina Medical Care Commission Retirement Finance Auth Rev, First Mortgage Galloway Ridge

 
    100,000    

2.88%, 10/01/2026

    99,864  
    250,000    

5.00%, 01/01/2031

    270,400  
    30,000    

5.00%, 01/01/2039

    31,252  
    120,000    

5.00%, 01/01/2044

    129,001  
     

 

 

 
        530,517  
     

 

 

 
Shares or Principal Amount   Market Value  
MUNICIPAL BONDS - 95.8% - (continued)  
          Ohio - 2.6%  
$     50,000    

Allen County, OH, Hospital Facs Rev
5.00%, 12/01/2035

  $ 63,759  
    200,000    

American Municipal Power, Inc., OH Rev
4.00%, 02/15/2036

    221,832  
   

Buckeye, OH, Tobacco Settlement Finance Auth

 

    750,000    

0.00%, 06/01/2057(3)

    106,185  
    730,000    

5.00%, 06/01/2055

    780,990  
   

Cleveland, OH, Airport System Rev, (AGM Insured)

 

    60,000    

5.00%, 01/01/2022

    62,785  
    55,000    

5.00%, 01/01/2023

    60,040  
    150,000    

Cleveland, OH, Department of Public Utilities, (AGM Insured) 5.00%, 11/15/2030

    191,247  
    500,000    

Southern Ohio Port Auth Rev 6.50%, 12/01/2030

    500,290  
    140,000    

State of Ohio, GO 5.00%, 06/15/2036

    180,887  
     

 

 

 
        2,168,015  
     

 

 

 
          Oklahoma - 0.5%  
   

Oklahoma Dev Finance Auth

 

    340,000    

1.63%, 07/06/2023

    338,780  
    35,000    

5.25%, 08/15/2048

    40,413  
    35,000    

5.50%, 08/15/2057

    40,617  
     

 

 

 
        419,810  
     

 

 

 
          Oregon - 0.9%  
    55,000    

Benton & Linn Counties, OR, Consolidated School Dist No. 509J & 509A Corvallis, GO, (School Bond

Guaranty Insured) 5.00%, 06/15/2038(5)

    68,792  
    480,000    

Columbia County, OR, School Dist No. 502, GO, (School Bond Guaranty Insured)

0.00%, 06/15/2050(3)

    204,466  
    40,000    

Marion County, OR, School Dist No. 15 North Marion, GO, (School Bond Guaranty Insured)

0.00%, 06/15/2037(3)

    24,432  
    35,000    

Multnomah & Clackamas Counties, OR, School Dist No. 10JT Gresham-Barlow, GO, (School Bond

Guaranty Insured) 0.00%, 06/15/2038(3)

    21,072  
    55,000    

Salem Hospital Facs Auth, OR 5.00%, 05/15/2025

    60,560  
    150,000    

Salem-Keizer, OR, School Dist No. 24J, GO, (School Bond Guaranty Insured) 0.00%, 06/15/2022(5)

    156,292  
    110,000    

State of Oregon Housing & Community Services Department 4.50%, 01/01/2049

    121,018  
    210,000    

Umatilla County, OR, School Dist No. 8R Hermiston, GO, (School Bond Guaranty Insured)

0.00%, 06/15/2038(3)

    131,977  
     

 

 

 
        788,609  
     

 

 

 
          Pennsylvania - 2.9%  
    150,000    

Allegheny County, PA, Port Auth Rev
5.25%, 03/01/2021

    152,426  
    300,000    

City of Philadelphia, PA, GO 5.00%, 02/01/2039

    370,530  
    160,000    

City of Philadelphia, PA, Redev Auth
5.00%, 04/15/2025

    183,318  
    150,000    

Commonwealth Finance Auth, PA 5.00%, 06/01/2027

    188,728  
    195,000    

Erie, PA, City School Dist, GO, (AGM State Aid Withholding Insured) 5.00%, 04/01/2029

    253,533  
    90,000    

Harrisburg, PA, School Dist, GO, (AGM State Aid Withholding Insured) 5.00%, 11/15/2026

    112,214  
    100,000    

Lancaster County, PA, Hospital Auth
5.13%, 07/01/2037

    105,321  
    100,000    

Montgomery County, PA, Industrial Dev Auth Rev 5.00%, 12/01/2025

    109,946  
    195,000    

Pennsylvania Housing Finance Agency
4.75%, 04/01/2033

    214,654  
   

Pennsylvania Turnpike Commission Rev

 

    90,000    

5.00%, 12/01/2031

    107,696  
    145,000    

5.00%, 12/01/2037

    159,201  
 

 

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

 

 

  89  

 


Hartford Municipal Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
MUNICIPAL BONDS - 95.8% - (continued)  
          Pennsylvania - 2.9% - (continued)  
$     250,000    

Philadelphia, PA, School Dist, GO, (State Aid Withholding Insured) 4.00%, 09/01/2036

  $ 285,855  
    50,000    

Pittsburgh, PA, Water & Sewer Auth, (AGM Insured) 5.00%, 09/01/2033

    64,286  
    75,000    

Wilkes-Barre Area, PA, School Dist, GO, (BAM State Aid Withholding Insured) 5.00%, 04/15/2059

    89,407  
     

 

 

 
        2,397,115  
     

 

 

 
          Puerto Rico - 0.7%  
   

Puerto Rico Sales Tax Financing Corp. Sales Tax Rev

 

    400,000    

4.33%, 07/01/2040

    410,512  
    175,000    

5.00%, 07/01/2058

    185,999  
     

 

 

 
        596,511  
     

 

 

 
          Rhode Island - 2.1%  
    340,000    

Rhode Island Commerce Corp. Rev
5.00%, 05/15/2030

    448,328  
    80,000    

Rhode Island Health & Educational Building Corp., (AGM Municipal Government Guaranteed Insured)

5.00%, 05/15/2028

    98,339  
   

Rhode Island Housing & Mortgage Finance Corp.

 

    35,000    

4.00%, 10/01/2032

    35,922  
    935,000    

4.00%, 10/01/2048

    1,035,008  
    130,000    

Rhode Island Student Loan Auth 3.00%, 12/01/2024

    134,204  
     

 

 

 
        1,751,801  
     

 

 

 
          South Carolina - 0.8%  
    150,000    

South Carolina Jobs-Economic Dev Auth
5.00%, 05/01/2028

    188,284  
   

South Carolina State Public Service Auth

 

    200,000    

4.00%, 12/01/2035

    231,750  
    50,000    

5.00%, 12/01/2031

    57,495  
    50,000    

5.00%, 12/01/2034

    57,098  
    100,000    

5.00%, 12/01/2050

    112,974  
     

 

 

 
        647,601  
     

 

 

 
          South Dakota - 0.4%  
    285,000    

South Dakota Housing Dev Auth 4.00%, 11/01/2049

    320,243  
     

 

 

 
          Tennessee - 1.1%  
    300,000    

Chattanooga, TN, Health Educational & Housing Facs Board Rev 5.00%, 08/01/2039

    361,977  
    150,000    

Shelby County, TN, Health Educational & Housing Facs Board Rev 5.00%, 09/01/2025(1)

    148,535  
    200,000    

Tennessee Energy Acquisition Corp.
5.25%, 09/01/2026

    244,976  
    135,000    

Tennessee Housing Dev Agency 3.50%, 01/01/2047

    143,965  
     

 

 

 
        899,453  
     

 

 

 
          Texas - 6.6%  
   

Arlington, TX, Higher Education Finance Corp. Rev, (PSF-GTD Insured)

 
    150,000    

4.00%, 08/15/2030

    170,334  
    250,000    

5.00%, 02/15/2027

    313,175  
    200,000    

Austin, TX, Airport System Rev 5.00%, 11/15/2031

    226,874  
    100,000    

Austin, TX, Independent School Dist, GO, (PSF-GTD Insured) 4.00%, 08/01/2033

    119,649  
    250,000    

Central Texas Turnpike System Rev
5.00%, 08/15/2042

    279,023  
    210,000    

City of San Antonio, TX, Airport System Rev
5.00%, 07/01/2026

    250,379  
    165,000    

City of San Antonio, TX, Electric & Gas Systems Rev 1.75%, 02/01/2049(2)

    172,031  
    250,000    

Conroe, TX, Independent School Dist, GO, (PSF-GTD Insured) 3.00%, 02/15/2036

    282,083  
    750,000    

Dallas-Fort Worth, TX, International Airport Rev 5.00%, 11/01/2033

    969,547  
Shares or Principal Amount   Market Value  
MUNICIPAL BONDS - 95.8% - (continued)  
          Texas - 6.6% - (continued)  
$     150,000    

El Paso, TX, Independent School Dist, GO, (PSF-GTD Insured) 5.00%, 08/15/2027

  $ 186,390  
    400,000    

Harris County - Houston, TX, Sports Auth Rev
5.00%, 11/15/2033

    415,968  
    110,000    

Harris County, TX, Toll Road Auth
5.00%, 08/15/2031

    138,141  
    290,000    

Keller, TX, Independent School Dist, GO, (PSF-GTD Insured) 4.00%, 02/15/2037

    347,637  
    75,000    

Kerrville, TX, Health Facs Dev Corp.
5.00%, 08/15/2023

    83,118  
    150,000    

Lower Colorado River, TX, Auth Rev
5.00%, 05/15/2040

    173,289  
    100,000    

New Hope, TX, Cultural Education Facs Finance Corp. 5.00%, 11/01/2031

    107,111  
    130,000    

North Texas Tollway Auth Rev 5.00%, 01/01/2031

    166,371  
    250,000    

Northside, TX, Independent School Dist, GO, (PSF-GTD Insured) 4.00%, 08/15/2034

    299,728  
    245,000    

SA Energy Acquisition, TX, Public Facs Corp. Rev 5.50%, 08/01/2022

    265,516  
    250,000    

Texas Municipal Gas Acquisition & Supply Corp. Rev 5.25%, 12/15/2025

    302,355  
    60,000    

Texas Transportation Commission
0.00%, 08/01/2038(3)

    29,663  
    200,000    

Wylie, TX, Independent School Dist, GO, (PSF-GTD Insured) 4.00%, 08/15/2036

    240,260  
     

 

 

 
        5,538,642  
     

 

 

 
          Utah - 0.8%  
    275,000    

Salt Lake City, UT, Corp. Airport Rev
5.00%, 07/01/2029

    330,528  
    175,000    

Salt Lake County, UT, (AMBAC Insured)
5.13%, 02/15/2033

    203,415  
    110,000    

State of Utah, GO 3.00%, 07/01/2034

    124,525  
     

 

 

 
        658,468  
     

 

 

 
          Virginia - 0.8%  
    65,000    

Arlington County, VA, Industrial Dev Auth Rev
5.00%, 07/01/2030

    85,899  
    500,000    

Virginia State Small Business Financing Auth Rev 4.00%, 01/01/2039

    546,560  
     

 

 

 
        632,459  
     

 

 

 
          Washington - 1.5%  
    140,000    

Port of Seattle, WA 5.00%, 05/01/2028

    174,380  
   

Washington State Health Care Facs Auth Rev

 

    115,000    

5.00%, 01/01/2026

    136,972  
    500,000    

5.00%, 09/01/2040

    614,495  
    145,000    

5.38%, 01/01/2040

    157,072  
    150,000    

Washington State Housing Finance Commission 5.00%, 01/01/2039(1)

    156,744  
     

 

 

 
        1,239,663  
     

 

 

 
          Wisconsin - 1.6%  
   

Public Finance Auth, WI, (AGM Insured)

 

    500,000    

4.00%, 07/01/2059

    533,010  
    200,000    

5.00%, 10/01/2043(1)

    203,654  
    95,000    

5.00%, 10/01/2044

    113,431  
    150,000    

5.00%, 07/01/2048

    172,672  
    100,000    

Wisconsin Center Dist, WI 0.00%, 12/15/2029(3)

    79,590  
   

Wisconsin Health & Educational Facs Auth

 

    155,000    

5.00%, 11/01/2024

    163,657  
    45,000    

5.00%, 11/01/2025

    47,941  
     

 

 

 
        1,313,955  
     

 

 

 
   

Total Municipal Bonds
(cost $77,413,701)

  $ 79,807,736  
     

 

 

 
 

 

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

 

 

  90  

 


Hartford Municipal Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
SHORT-TERM INVESTMENTS - 3.8%  
          Repurchase Agreements - 3.8%  
$     3,206,325    

Fixed Income Clearing Corp. Repurchase Agreement dated 10/30/2020 at 0.060%, due on 11/02/2020 with a maturity value of $3,206,341; collateralized by U.S. Treasury Note at 0.125%, maturing 01/15/2030, with a market value of $3,270,545

  $ 3,206,325  
     

 

 

 
   

Total Short-Term Investments
(cost $3,206,325)

  $ 3,206,325  
     

 

 

 
   

Total Investments
(cost $80,620,026)

    99.6    $ 83,014,061  
   

Other Assets and Liabilities

    0.4      336,463  
     

 

 

    

 

 

 
   

Total Net Assets

    100.0    $ 83,350,524  
     

 

 

    

 

 

 

 

Note:

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

 

    

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

    

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

    

See “Glossary” for abbreviation descriptions.

 

(1)

Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions that are exempt from registration (typically only to qualified institutional buyers) or in a public offering registered under the Securities Act of 1933. At October 31, 2020, the aggregate value of these securities was $988,595, representing 1.2% of net assets.

 

(2)

Variable or floating rate security, which interest rate adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. Rate shown is the rate in effect as of period end.

 

(3)

Security is a zero-coupon bond.

 

(4)

Variable rate security; the rate reported is the coupon rate in effect at October 31, 2020. Base lending rates may be subject to a floor or cap.

 

(5)

Security is a “step-up” bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate.

 

 

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

 

Fair Value Summary

The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.

 

Description

   Total      Level 1      Level 2      Level 3(1)  

Assets

 

Municipal Bonds

   $ 79,807,736      $      $ 79,807,736      $  

Short-Term Investments

     3,206,325               3,206,325         
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $     83,014,061      $     —      $     83,014,061      $     —  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(1)

For the year ended October 31, 2020, there were no transfers in and out of Level 3.

 

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

 

 

  91  

 


The Hartford Municipal Opportunities Fund

Schedule of Investments

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
MUNICIPAL BONDS - 93.9%      
          Alabama - 2.3%  
   

Alabama Federal Aid Highway Finance Auth

 

$     1,615,000    

5.00%, 09/01/2026

  $ 1,754,794  
    1,250,000    

5.00%, 09/01/2034

    1,556,263  
    1,415,000    

Birmingham, AL, Water Works Board Water Rev 5.00%, 01/01/2029

    1,761,774  
    3,000,000    

Jefferson County, AL, Board of Education Special Tax 5.00%, 02/01/2042

    3,561,900  
    2,660,000    

Jefferson County, AL, GO 5.00%, 04/01/2024

    3,058,042  
   

Lower Alabama Gas Dist

 

    9,855,000    

4.00%, 12/01/2050(1)

    11,264,856  
    4,000,000    

5.00%, 09/01/2031

    5,145,160  
   

State of Alabama, Docks Department, (AGM Insured)

 

    230,000    

5.00%, 10/01/2024

    266,968  
    1,000,000    

5.00%, 10/01/2032

    1,203,780  
   

State of Alabama, Troy University, (BAM Insured)

 

    1,000,000    

5.00%, 11/01/2025

    1,204,920  
    1,250,000    

5.00%, 11/01/2026

    1,542,138  
    1,620,000    

5.00%, 11/01/2027

    2,039,272  
     

 

 

 
        34,359,867  
     

 

 

 
          Alaska - 0.2%  
   

CIVICVentures, AK, Rev

 

    2,000,000    

5.00%, 09/01/2025

    2,162,960  
    1,000,000    

5.00%, 09/01/2026

    1,075,450  
     

 

 

 
        3,238,410  
     

 

 

 
          Arizona - 0.4%  
    2,000,000    

City of Phoenix, AZ, Civic Improvement Corp.
4.00%, 07/01/2038

    2,197,140  
    855,000    

Salt Verde Financial Corp., AZ, Rev
5.25%, 12/01/2020

    857,813  
    78,000    

Sundance, AZ, Community Facs Dist
7.13%, 07/01/2027(2)

    78,032  
    2,200,000    

Tempe, AZ, Industrial Dev Auth 4.00%, 10/01/2023(2)

    2,191,574  
     

 

 

 
        5,324,559  
     

 

 

 
          California - 7.3%  
   

Alameda County, Oakland, CA, Unified School Dist, GO, (AGM Insured)

 
    475,000    

4.00%, 08/01/2034

    546,530  
    1,000,000    

4.00%, 08/01/2036

    1,143,320  
    11,700,000    

Bay Area, CA, Toll Auth 2.25%, 04/01/2045(1)

    11,908,494  
   

California County, CA, Tobacco Securitization Agency

 
    1,050,000    

5.00%, 06/01/2022

    1,093,659  
    150,000    

5.00%, 06/01/2030

    198,243  
    300,000    

5.00%, 06/01/2032

    388,386  
    500,000    

5.00%, 06/01/2033

    640,685  
   

California State Communities Dev Auth Rev

 

    365,000    

5.00%, 10/01/2022

    387,915  
    1,000,000    

5.63%, 10/01/2032

    1,101,190  
    1,000,000    

California State Health Facs Finance Auth Rev
5.00%, 02/01/2029

    1,224,450  
    2,000,000    

California State Public Works Board
5.25%, 10/01/2023

    2,090,560  
   

California State, GO Taxable

 

    18,840,000    

0.07%, 05/01/2033(1)

    18,840,000  
    3,000,000    

5.00%, 08/01/2029

    3,707,160  
   

City of Los Angeles, CA, Department of Airports

 

    4,000,000    

4.00%, 05/15/2035

    4,717,440  
    1,000,000    

5.00%, 05/15/2029

    1,229,260  
   

Elk Grove, CA, Finance Auth Special Tax, (BAM Insured )

 
    315,000    

5.00%, 09/01/2031

    371,209  
    910,000    

5.00%, 09/01/2032

    1,070,042  
Shares or Principal Amount   Market Value  
MUNICIPAL BONDS - 93.9% - (continued)      
          California - 7.3% - (continued)  
$     2,600,000    

Fresno, CA, Unified School Dist, GO
0.00%, 08/01/2031(3)

  $ 1,983,722  
   

Hemet, CA, Unified School Dist Financing Auth Special Tax

 
    1,440,000    

5.00%, 09/01/2030

    1,622,750  
    1,535,000    

5.00%, 09/01/2031

    1,724,312  
   

Inglewood, CA, Redevelopment Agency, (BAM Insured)

 
    1,000,000    

5.00%, 05/01/2028

    1,242,340  
    1,000,000    

5.00%, 05/01/2029

    1,230,260  
    5,225,000    

Long Beach, CA, Finance Auth Natural Gas

1.64%, 11/15/2027, 3 mo. USD LIBOR + 1.450%(4)

    5,264,344  
   

Oakland, CA, Airport Rev

 

    500,000    

5.00%, 05/01/2023

    533,605  
    2,000,000    

5.00%, 05/01/2026

    2,045,900  
   

Orange County, CA, Community Facs Dist Special Tax

 
    980,000    

5.00%, 08/15/2034

    1,102,294  
    1,000,000    

5.00%, 08/15/2036

    1,138,390  
    2,500,000    

5.00%, 08/15/2041

    2,811,675  
    1,000,000    

Rancho Cucamonga, CA, Redevelopment Agency Successor Agency (AGM Insured)
5.00%, 09/01/2029

    1,150,950  
    2,000,000    

Romoland, CA, School Dist Special Tax
5.00%, 09/01/2048

    2,242,340  
    60,000    

San Diego, CA, Redevelopment Agency Successor Agency 5.25%, 09/01/2026

    60,221  
   

San Diego, CA, United School Dist, GO

 
    805,000    

4.00%, 07/01/2034

    903,371  
    865,000    

4.00%, 07/01/2035

    967,865  
   

San Francisco, CA, City & County Airport Comm-San Francisco International Airport

 
    1,400,000    

5.00%, 05/01/2042

    1,621,396  
    8,650,000    

5.00%, 05/01/2043

    10,110,812  
   

Santa Margarita, CA, Water Dist Special Tax

 
    475,000    

4.25%, 09/01/2021

    486,372  
    485,000    

5.00%, 09/01/2022

    517,805  
    475,000    

5.00%, 09/01/2023

    524,277  
    480,000    

5.00%, 09/01/2024

    529,512  
    480,000    

5.00%, 09/01/2025

    528,638  
    2,065,000    

5.00%, 09/01/2028

    2,327,007  
    10,000,000    

Southern California Public Power Auth
0.07%, 07/01/2036(1)

    10,000,000  
    2,315,000    

State of California, GO 4.00%, 11/01/2041

    2,607,987  
    1,500,000    

Stockton, CA, Redevelopment Agency, (AGM Insured) 5.00%, 09/01/2029

    1,793,490  
     

 

 

 
        107,730,178  
     

 

 

 
          Colorado - 2.5%  
   

Arapahoe County, CO, School Dist No. 6 Littleton, GO, (State Aid Withholding Insured)

 
    1,230,000    

5.50%, 12/01/2032

    1,629,504  
    1,655,000    

5.50%, 12/01/2034

    2,170,731  
   

City & County of Denver, CO, Airport System Rev

 
    7,985,000    

5.00%, 12/01/2029

    9,945,797  
    1,000,000    

5.00%, 12/01/2034

    1,332,300  
    1,575,000    

5.00%, 12/01/2036

    2,132,156  
   

Colorado Health Facs Auth Rev

 

    1,320,000    

4.00%, 12/01/2040

    1,437,638  
    6,665,000    

5.00%, 08/01/2044

    7,881,096  
    1,470,000    

Denver, CO, Convention Center Hotel Auth
5.00%, 12/01/2031

    1,574,723  
    1,440,000    

Denver, CO, Urban Renewal Auth 5.25%, 12/01/2039(2)

    1,479,096  
 

 

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

 

 

  92  

 


The Hartford Municipal Opportunities Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
MUNICIPAL BONDS - 93.9% - (continued)      
          Colorado - 2.5% - (continued)  
$     1,930,000    

E-470 Public Highway, CO, Auth Rev

1.15%, 09/01/2039, 1 mo. USD LIBOR + 1.050%(4)

  $ 1,931,660  
   

Park Creek, CO, Metropolitan Dist Rev

 

    2,000,000    

5.00%, 12/01/2029

    2,379,820  
    1,195,000    

5.00%, 12/01/2033

    1,484,202  
   

Vauxmont, CO, Metropolitan Dist, GO, (AGM Insured)

 
    230,000    

5.00%, 12/15/2023

    258,865  
    125,000    

5.00%, 12/15/2025

    148,966  
    50,000    

5.00%, 12/15/2026

    59,216  
    225,000    

5.00%, 12/15/2030

    262,136  
    160,000    

5.00%, 12/15/2032

    185,216  
     

 

 

 
        36,293,122  
     

 

 

 
          Connecticut - 2.7%  
    6,500,000    

City of Bridgeport, CT, GO, (AGM Insured)
5.00%, 08/15/2025

    7,738,432  
   

Connecticut Housing Finance Auth Rev

 

    5,000,000    

3.00%, 11/15/2050(5)

    5,441,700  
    245,000    

4.00%, 11/15/2044

    252,921  
    835,000    

4.00%, 11/15/2045

    879,505  
    1,420,000    

4.00%, 05/15/2047

    1,546,281  
   

Connecticut State Health & Educational Facs Auth

 

    440,000    

5.00%, 07/01/2027

    490,455  
    430,000    

5.00%, 07/01/2028

    482,486  
    1,125,000    

5.00%, 07/01/2029

    1,366,825  
    720,000    

5.00%, 07/01/2030

    803,736  
    545,000    

5.00%, 07/01/2031

    628,766  
    950,000    

Hartford, CT, GO, (AGM State Guaranteed Insured) 5.00%, 07/01/2027

    1,119,204  
    1,500,000    

New Britain, CT, GO, (AGM Insured)
5.00%, 03/01/2031

    1,822,950  
    2,600,000    

New Haven, CT, GO, (AGM Insured)
5.00%, 08/01/2024

    2,959,424  
   

State of Connecticut, GO

 

    470,000    

5.00%, 04/15/2022

    501,936  
    250,000    

5.00%, 03/15/2024

    287,568  
    1,450,000    

5.00%, 03/15/2025

    1,728,748  
    750,000    

5.00%, 05/15/2025

    899,265  
    2,425,000    

5.00%, 06/15/2026

    2,993,420  
    2,500,000    

5.00%, 04/15/2029

    3,097,175  
   

State of Connecticut, Special Tax Rev

 

    1,000,000    

5.00%, 05/01/2032

    1,294,490  
    750,000    

5.00%, 05/01/2033

    962,692  
   

Waterbury, CT, GO

 

    405,000    

5.00%, 11/15/2031

    501,512  
    1,000,000    

5.00%, 11/15/2032

    1,231,610  
     

 

 

 
        39,031,101  
     

 

 

 
          District of Columbia - 0.1%  
   

Dist of Columbia Rev

 

    735,000    

5.00%, 07/01/2032

    739,498  
    270,000    

5.00%, 07/01/2037

    265,191  
    755,000    

Metropolitan Washington, DC, Airports Auth System Rev 5.00%, 10/01/2028

    959,077  
     

 

 

 
        1,963,766  
     

 

 

 
          Florida - 5.6%  
   

Broward County, FL, Airport System Rev

 

    2,175,000    

4.00%, 10/01/2044

    2,393,065  
    285,000    

5.00%, 10/01/2021

    296,457  
    1,250,000    

5.00%, 10/01/2024

    1,449,350  
    2,830,000    

Broward County, FL, Port Facs Rev
5.00%, 09/01/2028

    3,544,405  
Shares or Principal Amount   Market Value  
MUNICIPAL BONDS - 93.9% - (continued)      
          Florida - 5.6% - (continued)  
   

Capital Projects, FL, Finance Auth

 

$     1,315,000    

5.00%, 10/01/2027

  $ 1,475,404  
    1,000,000    

5.00%, 10/01/2028

    1,126,390  
    1,965,341    

Capital Trust Agency, FL, MF Rev, (FNMA Insured) 2.77%, 09/01/2027

    2,024,301  
    1,430,000    

City of Atlantic Beach, FL, Health Care Facs Auth 5.00%, 11/15/2048

    1,531,458  
   

City of Tampa, FL

 

    1,000,000    

0.00%, 09/01/2036(3)

    608,340  
    1,000,000    

0.00%, 09/01/2038(3)

    554,240  
    2,065,000    

Escambia County, FL, Health Facs Auth Rev
4.00%, 08/15/2050

    2,187,393  
   

Florida Dev Finance Corp.

 

    350,000    

5.00%, 04/01/2023

    381,941  
    500,000    

5.00%, 04/01/2024

    563,945  
    200,000    

5.00%, 04/01/2025

    232,164  
    3,380,000    

Gainesville, FL, Utilities System Rev 5.00%, 10/01/2047

    4,262,552  
   

Greater Orlando, FL, Aviation Auth

 

    2,040,000    

5.00%, 10/01/2024

    2,117,602  
    5,000,000    

5.00%, 10/01/2033

    6,171,300  
    5,000,000    

5.00%, 10/01/2034

    6,155,350  
    500,000    

Magnolia Creek, FL, Community Dev Dist Capital Improvement 5.90%, 05/01/2039

    90,000  
    1,000,000    

Manatee County, FL, School Dist, (AGM Insured) 5.00%, 10/01/2030

    1,218,960  
    190,000    

Miami Beach, FL, Health Facs Auth 5.00%, 11/15/2020

    190,255  
    1,000,000    

Miami Beach, FL, Redevelopment Agency
5.00%, 02/01/2026

    1,140,440  
   

Miami-Dade County, FL, Aviation Rev

 

    1,000,000    

5.00%, 10/01/2024

    1,077,580  
    2,500,000    

5.00%, 10/01/2026

    2,718,725  
    530,000    

5.00%, 10/01/2027

    603,326  
    200,000    

5.00%, 10/01/2035

    200,614  
   

Orange County, FL, Convention Center/Orlando

 

    1,000,000    

5.00%, 10/01/2024

    1,146,580  
    1,520,000    

5.00%, 10/01/2025

    1,789,846  
   

Orange County, FL, Health Facs Auth

 

    1,190,000    

5.00%, 08/01/2024

    1,336,501  
    1,280,000    

5.00%, 08/01/2025

    1,434,240  
    1,350,000    

5.00%, 08/01/2026

    1,509,151  
   

Osceola County, FL, Transportation Rev

 

    1,330,000    

0.00%, 10/01/2031(3)

    981,487  
    1,000,000    

0.00%, 10/01/2032(3)

    708,280  
   

Palm Beach County, FL, Health Facs Auth

 

    6,265,000    

2.63%, 06/01/2025

    6,260,928  
    825,000    

6.75%, 06/01/2024

    900,446  
    1,000,000    

6.80%, 06/01/2025

    1,091,560  
   

Polk County, FL, Industrial Dev Auth

 

    1,750,000    

5.00%, 01/01/2039

    1,855,700  
    4,850,000    

5.00%, 01/01/2055

    5,054,039  
   

Port St. Lucie, FL, Special Assessment

 

    3,000,000    

4.00%, 07/01/2028

    3,484,980  
    3,000,000    

4.00%, 07/01/2029

    3,465,030  
    1,150,000    

Putnam County, FL, Dev Auth 5.00%, 03/15/2042

    1,376,239  
    3,330,000    

Seminole County, FL, Industrial Dev Auth
3.75%, 11/15/2025

    3,108,721  
   

Volusia County, FL, Educational Facs Auth

 

    60,000    

4.00%, 10/15/2035

    68,865  
    55,000    

4.00%, 10/15/2036

    62,859  
    750,000    

4.00%, 10/15/2037

    854,250  
    750,000    

4.00%, 10/15/2038

    851,482  
     

 

 

 
        81,656,741  
     

 

 

 
 

 

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

 

 

  93  

 


The Hartford Municipal Opportunities Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
MUNICIPAL BONDS - 93.9% - (continued)      
          Georgia - 2.8%  
   

Burke County, GA, Dev Auth Rev

 

$     4,995,000    

1.50%, 01/01/2040(1)

  $ 5,052,143  
    1,740,000    

2.05%, 10/01/2032(1)

    1,766,048  
    2,665,000    

2.25%, 10/01/2032(1)

    2,759,181  
    2,860,000    

2.35%, 10/01/2032(1)

    2,865,262  
    4,450,000    

3.00%, 11/01/2045(1)

    4,649,093  
    2,150,000    

Main Street Natural Gas, Inc., GA
4.00%, 08/01/2049(1)

    2,437,842  
    4,165,000    

5.00%, 05/15/2032

    5,070,763  
   

Municipal Electric Auth, GA

 

    1,170,000    

5.00%, 01/01/2022

    1,231,296  
    1,000,000    

5.00%, 11/01/2022

    1,089,610  
    1,075,000    

5.00%, 01/01/2024

    1,177,652  
    6,420,000    

5.00%, 01/01/2028

    7,807,258  
    740,000    

5.00%, 01/01/2031

    961,660  
    1,100,000    

5.00%, 01/01/2032

    1,417,383  
    515,000    

5.00%, 01/01/2033

    658,901  
    1,700,000    

5.00%, 01/01/2056

    2,009,213  
     

 

 

 
        40,953,305  
     

 

 

 
          Hawaii - 0.2%  
    2,000,000    

State of Hawaii Airports System Rev
5.00%, 08/01/2022

    2,131,500  
     

 

 

 
          Idaho - 0.1%  
    1,115,000    

Idaho Health Facs Auth 0.23%, 12/01/2048(1)(5)

    1,115,000  
     

 

 

 
          Illinois - 14.6%  
   

Champaign County, IL, Community Unit School Dist No. 4 Champaign, GO

 
    530,000    

0.00%, 01/01/2025(3)

    512,738  
    765,000    

0.00%, 01/01/2027(3)

    713,462  
   

Chicago, IL, Board of Education Rev

 

    1,000,000    

5.00%, 04/01/2046

    1,068,020  
    715,000    

6.00%, 04/01/2046

    820,177  
   

Chicago, IL, Board of Education, GO

 

    2,500,000    

0.00%, 12/01/2025(3)

    2,158,900  
    1,030,000    

5.00%, 12/01/2022

    1,087,196  
    600,000    

5.00%, 12/01/2023

    645,684  
    1,000,000    

5.00%, 12/01/2024

    1,150,660  
    3,500,000    

5.00%, 12/01/2034

    3,786,615  
    1,510,000    

5.00%, 12/01/2042

    1,528,044  
    3,760,000    

5.00%, 12/01/2046

    3,967,101  
    500,000    

5.25%, 12/01/2020

    501,740  
   

Chicago, IL, Metropolitan Water Reclamation Dist, GO

 
    3,500,000    

5.00%, 12/01/2027

    4,366,600  
    2,530,000    

5.00%, 12/01/2031

    2,647,392  
    1,700,000    

5.25%, 12/01/2032

    2,358,988  
    500,000    

Chicago, IL, Midway International Airport Rev
5.00%, 01/01/2021

    503,095  
   

Chicago, IL, O’Hare International Airport

 

    3,705,000    

5.00%, 01/01/2031

    4,732,545  
    6,295,000    

5.00%, 01/01/2032

    7,953,859  
   

Chicago, IL, Transit Auth

 

    1,000,000    

4.00%, 12/01/2050

    1,074,960  
    1,250,000    

4.00%, 12/01/2055

    1,336,613  
    415,000    

5.00%, 06/01/2025

    490,086  
    8,250,000    

5.00%, 12/01/2046

    9,515,962  
    1,000,000    

5.00%, 12/01/2055

    1,166,750  
    800,000    

5.25%, 12/01/2027

    843,112  
    5,000,000    

5.25%, 12/01/2028

    5,269,450  
   

City of Chicago, IL, GO, (NATL Insured)

 

    325,000    

0.00%, 01/01/2026(3)

    283,793  
    1,280,000    

5.00%, 01/01/2021

    1,288,532  
    215,000    

5.00%, 01/01/2022

    220,558  
Shares or Principal Amount   Market Value  
MUNICIPAL BONDS - 93.9% - (continued)      
          Illinois - 14.6% - (continued)  
$     65,000    

5.00%, 01/01/2023

  $ 67,369  
    1,000,000    

5.00%, 12/01/2023

    1,001,470  
    2,000,000    

5.00%, 01/01/2024

    2,092,700  
   

City of Chicago, IL, Wastewater Transmission Rev

 
    1,000,000    

5.00%, 01/01/2028

    1,156,090  
    2,500,000    

5.00%, 01/01/2029

    2,874,825  
   

City of Chicago, IL, Waterworks Rev

 

    135,000    

5.00%, 11/01/2023

    147,083  
    1,000,000    

5.00%, 11/01/2027

    1,221,110  
    1,020,000    

5.00%, 11/01/2028

    1,168,094  
    1,205,000    

5.00%, 11/01/2029

    1,297,628  
    3,465,000    

Cook County, IL, Community Consolidated School Dist No. 15, GO 5.00%, 12/01/2024

    4,087,037  
   

Cook County, IL, Community High School Dist No. 212 Leyden, (BAM Insured)

 
    1,775,000    

5.00%, 12/01/2026

    2,088,926  
    310,000    

5.00%, 12/01/2027

    364,417  
    1,000,000    

5.00%, 12/01/2034

    1,167,610  
   

Cook County, IL, GO

 

    1,000,000    

5.00%, 11/15/2026

    1,203,650  
    4,300,000    

5.00%, 11/15/2027

    5,144,520  
    240,000    

Illinois Finance Auth 5.00%, 09/01/2022

    250,735  
   

Illinois State Finance Auth Rev

 

    1,000,000    

5.00%, 10/01/2023

    1,107,030  
    1,000,000    

5.00%, 11/15/2023

    1,130,570  
    5,000,000    

5.00%, 02/15/2027

    6,263,500  
    700,000    

5.00%, 10/01/2028

    827,162  
    1,000,000    

5.00%, 11/15/2028

    1,171,900  
    2,650,000    

5.00%, 11/15/2031

    3,027,863  
    1,420,000    

5.00%, 08/15/2033

    1,842,933  
    2,500,000    

5.00%, 11/15/2033

    2,838,600  
    2,135,000    

5.00%, 11/15/2034

    2,449,806  
    1,045,000    

5.00%, 08/15/2035

    1,346,430  
    3,035,000    

5.00%, 05/15/2050(1)

    3,477,382  
   

Illinois State Toll Highway Auth, Taxable Rev

 

    1,000,000    

5.00%, 01/01/2027

    1,094,120  
    2,500,000    

5.00%, 01/01/2031

    3,123,455  
   

Kane Cook & DuPage Counties, IL, GO

 

    4,200,000    

5.00%, 01/01/2031

    4,760,952  
    1,700,000    

5.00%, 01/01/2034

    1,923,057  
    1,700,000    

5.00%, 01/01/2035

    1,921,340  
   

Kane McHenry Cook & DeKalb Counties, IL, Unified School Dist No. 300, GO

 
    1,875,000    

5.00%, 01/01/2027

    2,212,894  
    2,000,000    

5.00%, 01/01/2029

    2,527,260  
   

Kendall Kane & Will Counties, IL, Unified School Dist, GO, (AGM Insured)

 
    1,150,000    

5.00%, 02/01/2025(5)

    1,341,532  
    4,000,000    

5.00%, 02/01/2026(5)

    4,785,000  
    1,665,000    

5.00%, 02/01/2034

    1,955,209  
   

Metropolitan Pier & Exposition Auth, IL, (NATL Insured)

 
    4,000,000    

0.00%, 12/15/2024(3)

    3,681,640  
    2,000,000    

0.00%, 06/15/2027(3)

    1,728,480  
    3,895,000    

0.00%, 12/15/2042(6)

    2,618,531  
    1,650,000    

5.00%, 12/15/2020

    1,659,108  
    1,000,000    

5.00%, 12/15/2035

    1,081,020  
   

Railsplitter, IL, Tobacco Settlement Auth

 

    1,000,000    

5.00%, 06/01/2026

    1,219,180  
    1,940,000    

5.00%, 06/01/2027

    2,344,432  
    1,000,000    

5.50%, 06/01/2023

    1,030,470  
   

Regional Transportation, IL, Auth Rev

 

    600,000    

5.00%, 06/01/2035

    701,958  
    8,775,000    

6.00%, 07/01/2024

    9,865,469  
 

 

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

 

 

  94  

 


The Hartford Municipal Opportunities Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
MUNICIPAL BONDS - 93.9% - (continued)      
          Illinois - 14.6% - (continued)  
$     3,525,000    

6.00%, 07/01/2031

  $ 4,765,941  
    350,000    

Sales Tax Securitization Corp., IL 5.00%, 01/01/2029

    419,678  
   

Sales Tax Securitization Corp., IL Rev

 

    2,210,000    

5.00%, 01/01/2029

    2,715,913  
    5,545,000    

5.00%, 01/01/2030

    6,821,925  
   

State of Illinois, GO

 

    7,100,000    

5.00%, 11/01/2021

    7,260,531  
    3,500,000    

5.00%, 11/01/2024

    3,744,265  
    1,500,000    

5.00%, 08/01/2025

    1,555,335  
    3,500,000    

5.00%, 11/01/2025

    3,774,295  
    1,985,000    

5.00%, 02/01/2026

    2,098,383  
    2,000,000    

5.00%, 10/01/2026

    2,186,800  
    6,540,000    

5.00%, 11/01/2026

    7,063,985  
    1,200,000    

5.00%, 02/01/2027

    1,312,116  
    2,715,000    

5.00%, 11/01/2028

    2,923,593  
    950,000    

5.00%, 05/01/2033

    982,889  
    835,000    

5.38%, 05/01/2023

    893,667  
   

State of Illinois, Sales Tax Rev

 
    1,185,000    

5.00%, 06/15/2024

    1,273,757  
    545,000    

6.50%, 06/15/2022

    562,211  
     

 

 

 
        214,739,463  
     

 

 

 
          Indiana - 1.0%      
    1,998,836    

City of Evansville, IN, (FNMA Insured)
3.00%, 06/01/2034

    2,097,919  
    1,925,000    

Indiana Housing & Community Dev Auth, (GNMA Insured) 3.25%, 07/01/2049

    2,091,897  
   

Indiana Municipal Power Agency

 
    1,050,000    

5.00%, 01/01/2032

    1,306,032  
    870,000    

5.00%, 01/01/2033

    1,076,408  
    180,000    

5.00%, 01/01/2034

    221,882  
    1,000,000    

Indiana State Finance Auth Hospital Rev
5.00%, 12/01/2029

    1,150,370  
    1,625,000    

Indiana State Finance Auth Rev 5.00%, 03/01/2023

    1,717,771  
   

Indianapolis, IN, Local Public Improvement Bond Bank

 
    1,000,000    

5.00%, 01/01/2029

    1,099,210  
    1,000,000    

5.00%, 01/01/2031

    1,164,140  
    775,000    

Richmond, IN, Hospital Auth Rev 5.00%, 01/01/2035

    859,832  
    2,000,000    

Whiting, IN, Environmental Facs Rev
5.00%, 03/01/2046(1)

    2,199,180  
     

 

 

 
        14,984,641  
     

 

 

 
          Iowa - 0.1%      
   

Iowa Student Loan Liquidity Corp.

 
    180,000    

5.00%, 12/01/2022

    190,751  
    650,000    

5.00%, 12/01/2024

    724,295  
    990,000    

State of Iowa, Finance Auth Rev 2.88%, 05/15/2049

    994,020  
     

 

 

 
        1,909,066  
     

 

 

 
          Kansas - 0.2%      
   

Wyandotte County-Kansas City, KS, System Rev

 
    1,000,000    

5.00%, 09/01/2025

    1,167,670  
    1,390,000    

5.00%, 09/01/2028

    1,656,380  
     

 

 

 
        2,824,050  
     

 

 

 
          Kentucky - 1.4%      
    4,750,000    

County of Trimble, KY 1.30%, 09/01/2044(1)

    4,712,522  
   

Kentucky Bond Dev Corp.

 
    1,000,000    

5.00%, 09/01/2032

    1,174,520  
    1,100,000    

5.00%, 09/01/2033

    1,277,606  
    1,200,000    

5.00%, 09/01/2034

    1,381,152  
Shares or Principal Amount   Market Value  
MUNICIPAL BONDS - 93.9% - (continued)      
          Kentucky - 1.4% - (continued)      
$     1,025,000    

5.00%, 09/01/2035

  $ 1,175,706  
    2,910,000    

Kentucky Economic Dev Finance Auth, (AGM Insured) 5.00%, 12/01/2047

    3,073,600  
    4,000,000    

Kentucky Public Energy Auth 4.00%, 01/01/2049(1)

    4,458,440  
    2,600,000    

Louisville & Jefferson County, KY, Metropolitan Gov’t Rev Catholic Health Initiatives

5.00%, 12/01/2023

    2,790,060  
     

 

 

 
        20,043,606  
     

 

 

 
          Louisiana - 1.7%      
   

Louisiana State Local Gov’t Environmental Facs & Community Dev Auth Rev

 
    975,000    

5.75%, 11/15/2030

    1,007,604  
    1,155,000    

6.00%, 11/15/2030

    1,212,092  
    1,750,000    

6.00%, 11/15/2035

    1,815,187  
    4,000,000    

Louisiana State, GO 5.00%, 12/01/2031

    4,642,840  
   

New Orleans, LA, Aviation Board

 

    750,000    

5.00%, 01/01/2026

    884,618  
    500,000    

5.00%, 01/01/2027

    599,505  
    1,250,000    

5.00%, 01/01/2034

    1,405,500  
    710,000    

5.00%, 01/01/2035

    814,675  
    3,740,000    

Parish of St. John the Baptist, LA
2.38%, 06/01/2037(1)

    3,776,615  
   

Regional Transportation Auth, LA, Sales Tax Rev, (AGM Insured)

 
    1,815,000    

5.00%, 01/01/2026

    2,196,150  
    1,220,000    

5.00%, 01/01/2027

    1,503,052  
   

Shreveport, LA, Water & Sewer Rev, (AGM Insured)

 
    2,000,000    

5.00%, 12/01/2027

    2,400,600  
    1,000,000    

5.00%, 12/01/2035

    1,219,080  
    1,400,000    

5.00%, 12/01/2036

    1,701,014  
     

 

 

 
        25,178,532  
     

 

 

 
          Maine - 0.3%  
   

Finance Auth of Maine Rev, (AGM Insured)

 

    225,000    

5.00%, 12/01/2021

    233,827  
    1,000,000    

5.00%, 12/01/2023

    1,109,760  
    2,000,000    

Maine State Housing Auth Rev 4.00%, 11/15/2050

    2,267,060  
     

 

 

 
        3,610,647  
     

 

 

 
          Maryland - 0.3%  
    500,000    

Howard County, MD, Special Obligation
4.00%, 02/15/2028(2)

    511,555  
    1,620,000    

Maryland Health & Higher Educational Facs Auth 2.88%, 07/01/2023

    1,633,009  
    1,840,000    

State of Maryland, GO 5.00%, 03/15/2028

    2,333,745  
     

 

 

 
        4,478,309  
     

 

 

 
          Massachusetts - 1.4%  
    955,000    

Massachusetts Dev Finance Agency, Rev
5.00%, 07/01/2031

    1,156,429  
   

Massachusetts Educational Financing Auth

 

    1,030,000    

5.00%, 07/01/2026

    1,208,458  
    1,050,000    

5.00%, 07/01/2027

    1,248,975  
   

Massachusetts Housing Finance Agency

 

    400,000    

2.90%, 06/01/2022

    412,692  
    500,000    

3.10%, 06/01/2023

    528,200  
    900,000    

3.15%, 06/01/2023

    951,903  
    400,000    

3.25%, 06/01/2024

    430,844  
    200,000    

Massachusetts School Building Auth 5.00%, 11/15/2030

    248,910  
   

Massachusetts State Dev Finance Agency

 

    1,000,000    

4.00%, 10/01/2024(2)

    1,044,520  
    1,000,000    

4.00%, 10/01/2025(2)

    1,052,340  
    635,000    

4.00%, 10/01/2026(2)

    670,909  
    165,000    

4.00%, 07/15/2036

    190,811  
 

 

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

 

 

  95  

 


The Hartford Municipal Opportunities Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
MUNICIPAL BONDS - 93.9% - (continued)      
          Massachusetts - 1.4% - (continued)  
$     1,720,000    

5.00%, 07/01/2028

  $ 2,020,931  
    1,850,000    

5.00%, 07/01/2029

    2,212,333  
    3,350,000    

5.00%, 07/01/2030

    3,970,856  
    855,000    

5.00%, 07/01/2035

    971,442  
    2,180,000    

5.00%, 07/01/2043

    2,567,996  
     

 

 

 
        20,888,549  
     

 

 

 
          Michigan - 2.7%  
    1,260,000    

City of Detroit, MI, GO 5.00%, 04/01/2021

    1,276,985  
    5,000,000    

Great Lakes, MI, Water Auth Water Supply System Rev 5.00%, 07/01/2029

    6,163,250  
    1,200,000    

Lincoln Park, MI, School Dist, GO, (Q-SBLF Insured) 5.00%, 05/01/2030

    1,565,820  
   

Michigan Finance Auth Rev

 

    1,000,000    

5.00%, 07/01/2027

    1,189,440  
    1,000,000    

5.00%, 07/01/2028

    1,186,920  
    1,000,000    

5.00%, 07/01/2029

    1,152,000  
    2,700,000    

5.00%, 10/01/2030

    3,132,918  
    2,555,000    

5.00%, 06/01/2033

    2,967,121  
    1,000,000    

5.00%, 06/01/2034

    1,161,300  
    915,000    

5.00%, 11/01/2034

    1,147,520  
    1,000,000    

5.00%, 11/01/2035

    1,250,220  
    1,000,000    

5.00%, 11/01/2036

    1,244,660  
    1,000,000    

5.00%, 11/01/2038

    1,235,680  
    1,000,000    

Michigan State Building Auth Rev 5.00%, 04/15/2027

    1,252,870  
   

Michigan State Hospital Finance Auth

 

    1,505,000    

4.00%, 11/15/2031

    1,774,771  
    345,000    

4.00%, 11/15/2032

    403,923  
    2,075,000    

5.00%, 11/15/2047

    2,571,174  
    3,030,000    

Michigan State Housing Dev Auth 4.25%, 12/01/2049

    3,387,540  
    1,375,000    

Richmond, MI, Community Schools, GO, (Q-SBLF Insured) 5.00%, 05/01/2030

    1,786,441  
    370,000    

State of Michigan Rev 5.00%, 03/15/2027

    465,516  
    2,465,000    

Wayne County, MI, Airport Auth Rev
5.00%, 12/01/2030

    2,859,560  
     

 

 

 
        39,175,629  
     

 

 

 
          Minnesota - 0.6%  
   

Duluth, MN, Independent School Dist No. 709, (SCP Insured)

 
    2,935,000    

3.00%, 02/01/2021

    2,950,702  
    1,180,000    

4.00%, 02/01/2027

    1,351,655  
    1,996,782    

Freddie Mac Multifamily, MN, Certificates
2.54%, 06/25/2037

    2,132,403  
   

Minnesota Housing Finance Agency Rev, (GNMA/FNMA/FHLMC Insured)

 
    450,000    

1.45%, 07/01/2024

    460,201  
    515,000    

1.55%, 07/01/2025

    528,905  
   

St. Francis, MN, Independent School Dist No. 15, GO, (SCP Insured)

 
    315,000    

4.00%, 02/01/2029

    335,759  
    365,000    

4.00%, 02/01/2030

    388,039  
    750,000    

4.00%, 02/01/2031

    794,947  
     

 

 

 
        8,942,611  
     

 

 

 
          Mississippi - 0.6%  
    1,970,000    

Mississippi Dev Bank, Special Obligation (BAM Insured) 5.00%, 10/01/2033

    2,455,388  
   

State of Mississippi

 

    1,000,000    

5.00%, 10/15/2025

    1,169,850  
    2,450,000    

5.00%, 10/15/2029

    2,782,637  
    1,000,000    

5.00%, 10/15/2036

    1,171,370  
    1,600,000    

5.00%, 10/15/2037

    1,868,592  
     

 

 

 
        9,447,837  
     

 

 

 
          Missouri - 1.0%  
   

City of St. Louis, MO, Airport Rev

 

    540,000    

5.00%, 07/01/2030

    661,230  
Shares or Principal Amount   Market Value  
MUNICIPAL BONDS - 93.9% - (continued)      
          Missouri - 1.0% - (continued)  
$     1,000,000    

5.00%, 07/01/2032

  $ 1,199,790  
    1,000,000    

5.00%, 07/01/2047

    1,154,500  
    1,600,000    

Health & Educational Facs Auth of the State of Missouri 0.11%, 09/01/2030(1)

    1,600,000  
   

Kansas City, MO, Industrial Dev Auth

 

    1,065,000    

5.00%, 03/01/2030

    1,309,939  
    1,000,000    

5.00%, 03/01/2031

    1,218,870  
    490,000    

5.00%, 03/01/2032

    592,082  
    5,400,000    

Kirkwood, MO, Industrial Dev Auth Retirement Community 5.25%, 05/15/2042

    5,689,440  
    1,255,000    

St. Louis County, MO, Industrial Dev Auth
5.00%, 09/01/2026

    1,402,463  
    1,000,000    

Stone Canyon, MO, Community Improvement Dist Rev 5.75%, 04/01/2027

    260,000  
     

 

 

 
        15,088,314  
     

 

 

 
          Montana - 0.4%  
    2,490,000    

Montana Board of Housing 4.00%, 12/01/2043

    2,706,281  
    2,500,000    

Montana Facs Finance Auth Rev 5.00%, 02/15/2028

    3,058,775  
     

 

 

 
        5,765,056  
     

 

 

 
          Nebraska - 0.7%  
   

Central Plains, NE, Energy Project

 

    1,000,000    

5.00%, 09/01/2022

    1,078,620  
    210,000    

5.00%, 09/01/2025

    249,755  
    3,325,000    

5.00%, 09/01/2028

    4,150,498  
    4,300,000    

Washington County, NE 0.90%, 09/01/2030(1)

    4,276,006  
     

 

 

 
        9,754,879  
     

 

 

 
          Nevada - 1.6%  
   

City of North Las Vegas, NV

 

    475,000    

4.50%, 06/01/2039

    486,296  
    745,000    

4.63%, 06/01/2043

    765,040  
    995,000    

4.63%, 06/01/2049

    1,015,477  
   

City of Reno, NV, Sales Tax Rev

 

    250,000    

5.00%, 06/01/2024

    277,980  
    250,000    

5.00%, 06/01/2026

    290,465  
    695,000    

City of Sparks, NV 2.50%, 06/15/2024(2)

    688,335  
   

Clark County, NV, School Dist, GO

 

    1,500,000    

5.00%, 06/15/2021

    1,540,845  
    830,000    

5.00%, 06/15/2026

    998,092  
    1,000,000    

5.00%, 06/15/2028

    1,251,810  
    6,460,000    

5.00%, 06/15/2029

    8,259,756  
    1,500,000    

5.00%, 06/15/2031

    1,955,580  
   

Las Vegas, NV, New Convention Center Auth Rev

 

    1,900,000    

5.00%, 07/01/2029

    2,158,628  
    400,000    

5.00%, 07/01/2031

    437,908  
    365,000    

5.00%, 07/01/2032

    399,091  
    300,000    

5.00%, 07/01/2033

    327,759  
    475,000    

5.00%, 07/01/2034

    518,197  
    750,000    

5.00%, 07/01/2043

    861,997  
   

Las Vegas, NV, Special Improvement Dist

 

    310,000    

5.00%, 06/01/2027

    333,005  
    345,000    

5.00%, 06/01/2028

    369,757  
    595,000    

5.00%, 06/01/2029

    635,936  
    10,000    

Nevada State, GO 5.00%, 03/01/2026

    11,070  
     

 

 

 
        23,583,024  
     

 

 

 
          New Hampshire - 0.2%  
    1,715,000    

New Hampshire Health and Education Facs Auth Act Rev 5.00%, 08/01/2059

    2,433,225  
     

 

 

 
          New Jersey - 1.3%  
   

City of Atlantic City, NJ, GO, (BAM State Aid Withholding Insured)

 
    250,000    

5.00%, 03/01/2021

    253,495  
    400,000    

5.00%, 03/01/2022

    422,468  
 

 

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

 

 

  96  

 


The Hartford Municipal Opportunities Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
MUNICIPAL BONDS - 93.9% - (continued)      
          New Jersey - 1.3% - (continued)  
$     705,000    

City of Bayonne, NJ, GO, (AGM School Bond Reserve Fund Insured) 0.00%, 07/01/2023(3)

  $ 691,048  
   

New Jersey Economic Dev Auth

 

    1,000,000    

5.00%, 09/01/2021

    1,013,610  
    565,000    

5.00%, 03/01/2023

    595,182  
    1,200,000    

5.00%, 06/15/2023

    1,315,524  
    830,000    

New Jersey Educational Facs Auth, (AGM Insured) 4.00%, 07/01/2050

    920,238  
   

New Jersey Higher Education Student Assistance Auth

 
    1,420,000    

5.00%, 12/01/2025

    1,666,668  
    1,000,000    

5.00%, 12/01/2026

    1,189,400  
 

New Jersey Transportation Trust Fund Auth, (AGM Insured)

 
    5,000,000    

0.00%, 12/15/2032(3)

    3,531,200  
    1,500,000    

5.00%, 06/15/2021

    1,533,765  
    1,000,000    

5.00%, 12/15/2023

    1,113,950  
    1,610,000    

5.00%, 12/15/2024

    1,823,164  
    2,870,000    

Tobacco Settlement Financing Corp., NJ
5.00%, 06/01/2029

    3,599,353  
     

 

 

 
        19,669,065  
 

 

 

 
      New Mexico - 0.1%  
    1,045,000    

City of Santa Fe, NM Rev 5.00%, 05/15/2049

    1,088,430  
     

 

 

 
      New York - 10.7%  
    6,470,000    

Brookhaven, NY, Local Dev 1.63%, 11/01/2025

    6,434,738  
   

City of New York, NY, GO

 

    4,900,000    

5.00%, 08/01/2026

    6,033,370  
    2,190,000    

5.00%, 08/01/2032

    2,734,040  
    1,250,000    

5.00%, 08/01/2033

    1,551,688  
    2,445,000    

5.00%, 08/01/2034

    3,022,338  
    2,250,000    

5.00%, 03/01/2038

    2,793,465  
    7,500,000    

Long Island, NY, Power Auth 0.85%, 09/01/2050(1)

    7,529,625  
   

Metropolitan Transportation Auth, NY, Rev

 

    370,000    

0.00%, 11/15/2027(3)

    286,994  
    1,000,000    

5.00%, 11/15/2030

    1,110,970  
    1,025,000    

5.00%, 11/15/2032

    1,130,175  
    4,000,000    

5.00%, 11/15/2034(1)

    4,161,960  
    845,000    

5.00%, 11/15/2036

    975,409  
    8,005,000    

5.00%, 11/15/2045(1)

    8,747,063  
    2,750,000    

New York and New Jersey Port Auth, Taxable Rev 5.00%, 10/15/2025

    3,182,300  
    1,180,000    

New York City Industrial Dev Agency, (AGM Insured) 5.00%, 03/01/2030

    1,513,468  
   

New York City Transitional Finance Auth, Future Tax Secured Rev

 
    1,875,000    

4.00%, 05/01/2035

    2,220,881  
    5,250,000    

5.00%, 11/01/2031

    6,902,175  
    2,345,000    

5.00%, 11/01/2032

    3,055,277  
    1,000,000    

New York City, NY Transitional Finance Auth Building Aid Rev, (State Aid Withholding Insured) 5.00%, 07/15/2026

    1,219,700  
   

New York City, NY Transitional Finance Auth Future Tax Secured Rev

 
    2,000,000    

4.00%, 11/01/2036

    2,300,560  
    1,525,000    

4.00%, 11/01/2037

    1,745,973  
    3,460,000    

4.00%, 05/01/2038

    4,030,312  
    1,335,000    

New York City, NY, Housing Dev Corp.
4.50%, 02/15/2048

    1,392,725  
    355,000    

New York Mortgage Agency 3.50%, 10/01/2034

    369,811  
   

New York State Dormitory Auth Rev

 

    11,185,000    

0.10%, 07/01/2031(1)

    11,185,000  
    1,670,000    

5.00%, 03/15/2022

    1,698,607  
    2,500,000    

5.00%, 03/15/2030

    2,927,475  
    2,500,000    

5.00%, 03/15/2031

    3,054,775  
    2,500,000    

5.00%, 03/15/2033

    3,031,025  
    3,800,000    

5.00%, 03/15/2035

    4,725,414  
    4,000,000    

5.00%, 03/15/2043

    4,734,960  
Shares or Principal Amount   Market Value  
MUNICIPAL BONDS - 93.9% - (continued)      
      New York - 10.7% - (continued)  
$     2,300,000    

New York State Liberty Dev Corp. Rev 5.15%, 11/15/2034(2)

  $ 2,385,445  
    1,000,000    

New York State Thruway Auth Rev 4.00%, 01/01/2037

    1,094,520  
   

New York State Urban Dev Corp. Rev

 

    2,235,000    

5.00%, 03/15/2022

    2,377,526  
    3,315,000    

5.00%, 03/15/2023

    3,674,644  
    1,000,000    

5.00%, 03/15/2026

    1,106,220  
   

Port Auth of New York & New Jersey Rev

 

    1,000,000    

5.00%, 10/15/2028

    1,178,240  
    4,500,000    

5.00%, 11/01/2038

    5,494,815  
    2,250,000    

5.00%, 11/01/2044

    2,698,942  
    2,500,000    

Sales Tax Asset Receivable Corp., NY 5.00%, 10/15/2029

    2,929,100  
   

State of New York Mortgage Agency

 

    1,000,000    

3.15%, 04/01/2024

    1,062,880  
    1,330,000    

3.25%, 10/01/2024

    1,444,181  
    4,645,000    

3.50%, 10/01/2032

    5,051,902  
   

Syracuse, NY, Industrial Dev Agency

 

    320,000    

5.00%, 01/01/2029

    290,694  
    2,635,000    

5.00%, 01/01/2031

    2,315,506  
   

Town of Oyster Bay, NY, GO, (AGM Insured)

 

    265,000    

3.00%, 03/01/2021

    267,298  
    155,000    

4.00%, 11/01/2022

    155,000  
    2,340,000    

5.00%, 08/15/2024

    2,727,130  
   

Triborough Bridge & Tunnel Auth

 

    1,325,000    

0.00%, 11/15/2031(3)

    1,028,743  
    10,300,000    

0.09%, 11/01/2032(1)

    10,300,000  
    2,000,000    

TSASC, Inc., NY 5.00%, 06/01/2026

    2,383,920  
    1,000,000    

Yonkers, NY, GO, (AGM State Aid Withholding)
5.00%, 03/15/2021

    1,017,390  
     

 

 

 
        156,786,369  
     

 

 

 
          North Carolina - 0.8%  
    2,050,000    

North Carolina Housing Finance Agency
4.00%, 07/01/2047

    2,218,038  
   

North Carolina Medical Care Commission Retirement Finance Auth Rev, First Mortgage Galloway Ridge

 
    1,050,000    

5.00%, 01/01/2039

    1,093,806  
    3,670,000    

5.00%, 01/01/2044

    3,945,287  
   

North Carolina Medical Care Commission Rev

 

    245,000    

4.00%, 01/01/2026

    250,613  
    565,000    

5.00%, 01/01/2027

    608,980  
    795,000    

5.00%, 01/01/2028

    862,058  
    275,000    

5.00%, 01/01/2029

    299,164  
   

North Carolina Raleigh Durham Airport Auth Rev

 

    1,500,000    

5.00%, 05/01/2027

    1,837,965  
    1,000,000    

5.00%, 05/01/2030

    1,201,260  
     

 

 

 
        12,317,171  
     

 

 

 
          North Dakota - 0.3%  
    3,815,000    

North Dakota Housing Finance Agency
4.25%, 07/01/2049

    4,244,989  
     

 

 

 
          Ohio - 3.7%  
   

Allen County, OH, Hospital Facs Rev

 

    2,000,000    

5.00%, 05/01/2023

    2,138,820  
    2,750,000    

5.00%, 12/01/2029

    3,615,947  
    380,000    

5.00%, 12/01/2030

    501,079  
    5,000,000    

American Municipal Power, Inc., OH
2.30%, 02/15/2038(1)

    5,053,500  
   

Buckeye, OH, Tobacco Settlement Finance Auth

 

    18,895,000    

0.00%, 06/01/2057(3)

    2,675,154  
    18,605,000    

5.00%, 06/01/2055

    19,904,559  
   

Cleveland, OH, Airport System Rev, (AGM Insured)

 

    1,165,000    

5.00%, 01/01/2022

    1,219,068  
    1,385,000    

5.00%, 01/01/2023

    1,511,908  
 

 

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

 

 

  97  

 


The Hartford Municipal Opportunities Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
MUNICIPAL BONDS - 93.9% - (continued)      
          Ohio - 3.7% - (continued)  
$     3,425,000    

County of Franklin, OH, Rev 0.23%, 12/01/2046(1)(5)

  $ 3,425,000  
    430,000    

Hamilton County, OH, Sales Tax Rev
5.00%, 12/01/2027

    541,555  
    1,915,000    

Ohio Housing Finance Agency Rev, (GNMA/FNMA/FHLMC Insured) 3.75%, 09/01/2050

    2,162,456  
    7,500,000    

Southern Ohio Port Auth 6.50%, 12/01/2030

    7,504,350  
   

State of Ohio

 

    2,000,000    

4.00%, 12/15/2021

    2,082,200  
    2,210,000    

5.00%, 12/15/2022

    2,429,564  
     

 

 

 
        54,765,160  
     

 

 

 
          Oklahoma - 0.5%  
   

Oklahoma Dev Finance Auth

 

    5,305,000    

1.63%, 07/06/2023

    5,285,955  
    935,000    

5.25%, 08/15/2048

    1,079,607  
    935,000    

5.50%, 08/15/2057

    1,085,058  
    355,000    

Oklahoma Housing Finance Agency, (GNMA Insured) 5.00%, 09/01/2043

    366,481  
     

 

 

 
        7,817,101  
     

 

 

 
          Oregon - 3.1%  
    1,665,000    

Benton & Linn Counties, OR, Consolidated

School Dist No. 509J & 509A Corvallis, GO, (SCH BD GTY Insured) 5.00%, 06/15/2038

    2,082,532  
   

Clackamas & Washington Counties, OR, School Dist No. 3, GO, (School Bond Guaranty Insured)

 
    2,500,000    

0.00%, 06/15/2036(3)

    1,732,225  
    405,000    

0.00%, 06/15/2037(3)

    271,281  
    8,200,000    

Clackamas County, OR, School Dist No. 12, GO, (School Bond Guaranty Insured)

9.00%, 06/15/2040(3)

    3,997,910  
    8,520,000    

Columbia County, OR, School Dist No 502, GO, (School Bond Guaranty Insured)

0.00%, 06/15/2050(3)

    3,629,264  
    625,000    

Jackson County, OR, School Dist No. 4, GO, (School Bond Guaranty Insured)

0.00%, 06/15/2034(3)

    436,394  
    1,105,000    

Marion County, OR, School Dist No. 15 North Marion, GO, (School Bond Guaranty Insured)

0.00%, 06/15/2037(3)

    674,923  
    850,000    

Multnomah & Clackamas Counties, OR, School Dist No. 10JT Gresham-Barlow, GO, (School

Bond Guaranty Insured) 0.00%, 06/15/2038(3)

    511,760  
    2,500,000    

Oregon Health & Science University
4.00%, 07/01/2046

    2,764,875  
   

Port of Portland, OR, Airport Rev

 

    4,880,000    

5.00%, 07/01/2031

    6,014,312  
    3,920,000    

5.00%, 07/01/2032

    4,798,751  
    1,045,000    

5.00%, 07/01/2033

    1,322,636  
   

Salem Hospital Facs Auth, OR

 

    910,000    

5.00%, 05/15/2038

    983,073  
    720,000    

5.00%, 05/15/2048

    767,390  
   

State of Oregon Housing & Community Services Department

 

    2,285,000    

4.50%, 01/01/2049

    2,513,866  
    8,565,000    

4.50%, 07/01/2049

    9,489,335  
   

Umatilla County, OR, School Dist No. 8R Hermiston, GO, (School Bond Guaranty Insured)

 

    1,500,000    

0.00%, 06/15/2036(3)

    1,021,065  
    1,600,000    

0.00%, 06/15/2037(3)

    1,046,832  
    1,790,000    

0.00%, 06/15/2038(3)

    1,124,943  
     

 

 

 
        45,183,367  
     

 

 

 
          Pennsylvania - 4.9%  
    875,000    

Allegheny County, PA, Industrial Dev Auth, Charter School 6.75%, 08/15/2035

    877,336  
Shares or Principal Amount   Market Value  
MUNICIPAL BONDS - 93.9% - (continued)      
          Pennsylvania - 4.9% - (continued)  
$     1,220,000    

Beaver County, PA, GO, (BAM Insured)
5.00%, 11/15/2020

  $ 1,221,696  
   

City of Philadelphia, PA, GO

 

    965,000    

5.00%, 08/01/2021

    995,822  
    1,550,000    

5.00%, 02/01/2033

    1,959,727  
    2,000,000    

5.00%, 02/01/2034

    2,518,120  
    1,555,000    

5.00%, 02/01/2035

    1,945,227  
    225,000    

City of Philadelphia, PA, Redev Auth 5.00%, 04/15/2025

    257,791  
    930,000    

City of Philadelphia, PA, Water & Wastewater Rev 5.00%, 11/01/2029

    1,174,032  
   

Commonwealth Finance Auth, PA

 
    4,230,000    

5.00%, 06/01/2026

    5,071,439  
    125,000    

5.00%, 06/01/2028

    160,448  
    1,070,000    

5.00%, 06/01/2029

    1,360,794  
    145,000    

5.00%, 06/01/2031

    182,177  
   

County of Beaver, PA, GO, (BAM Insured)

 
    1,285,000    

5.00%, 11/15/2021

    1,345,454  
    1,345,000    

5.00%, 11/15/2022

    1,468,330  
    1,000,000    

Delaware River, PA, Joint Toll Bridge Commission 5.00%, 07/01/2031

    1,247,200  
   

Erie, PA, City School Dist, GO, (AGM State Aid Withholding Insured)

 
    2,440,000    

5.00%, 04/01/2028

    3,113,367  
    1,105,000    

5.00%, 04/01/2029

    1,436,688  
    2,410,000    

Harrisburg, PA, School Dist, GO, (AGM State Aid Withholding Insured) 5.00%, 11/15/2026

    3,004,836  
   

Lancaster County, PA, Hospital Auth

 
    635,000    

5.00%, 07/01/2024

    673,265  
    515,000    

5.00%, 07/01/2025

    552,518  
   

Montgomery County, PA, Industrial Dev Auth Rev

 
    1,760,000    

5.00%, 12/01/2044

    1,941,755  
    2,455,000    

5.00%, 12/01/2046

    2,571,563  
    920,000    

Pennsylvania Higher Educational Facs Auth
5.00%, 05/01/2032

    1,107,432  
   

Pennsylvania Housing Finance Agency

 
    1,000,000    

3.10%, 04/01/2023

    1,019,080  
    1,025,000    

3.10%, 10/01/2023

    1,044,516  
    2,250,000    

Pennsylvania State, Industrial Dev Auth
5.00%, 07/01/2021

    2,319,480  
   

Pennsylvania Turnpike Commission Rev

 
    2,000,000    

1.02%, 12/01/2021, MUNIPSA + 0.900%(4)

    2,006,560  
    925,000    

1.10%, 12/01/2021, MUNIPSA + 0.980%(4)

    928,459  
    800,000    

5.00%, 12/01/2020

    802,920  
    1,000,000    

5.00%, 12/01/2021

    1,050,420  
    500,000    

5.00%, 12/01/2027

    610,365  
    1,000,000    

5.00%, 12/01/2029

    1,214,920  
    1,590,000    

5.00%, 12/01/2030

    1,925,617  
    2,000,000    

5.00%, 12/01/2033

    2,402,440  
    2,615,000    

5.00%, 12/01/2037

    2,871,113  
    755,000    

5.00%, 12/01/2042

    898,767  
   

Philadelphia, PA, School Dist, GO, (State Aid Withholding Insured)

 
    1,560,000    

5.00%, 09/01/2022

    1,682,195  
    2,000,000    

5.00%, 09/01/2023

    2,240,740  
    1,100,000    

5.00%, 09/01/2031

    1,393,326  
    1,060,000    

5.00%, 09/01/2032

    1,333,904  
   

Pittsburgh, PA, School Dist, GO (State Aid Withholding Insured)

 
    3,145,000    

5.00%, 09/01/2021

    3,267,089  
    1,500,000    

5.00%, 09/01/2023

    1,558,620  
   

Pittsburgh, PA, Water & Sewer Auth, (AGM Insured)

 
    195,000    

5.00%, 09/01/2032

    252,012  
 

 

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

 

 

  98  

 


The Hartford Municipal Opportunities Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
MUNICIPAL BONDS - 93.9% - (continued)      
          Pennsylvania - 4.9% - (continued)  
$     950,000    

5.00%, 09/01/2033

  $ 1,221,434  
    735,000    

5.00%, 09/01/2034

    942,366  
    500,000    

Reading, PA, School Dist, GO, (AGM State Aid Withholding Insured) 5.00%, 03/01/2038

    592,295  
    1,500,000    

Wilkes-Barre Area, PA, School Dist, GO, (BAM State Aid Withholding Insured)

5.00%, 04/15/2059

    1,788,135  
     

 

 

 
        71,553,790  
     

 

 

 
      Puerto Rico - 1.1%  
    1,085,000    

Puerto Rico Highway & Transportation Auth, (AGM Insured) 4.95%, 07/01/2026

    1,104,096  
   

Puerto Rico Sales Tax Financing Corp. Sales Tax Rev

 
    10,000,000    

4.33%, 07/01/2040

    10,262,800  
    4,750,000    

5.00%, 07/01/2058

    5,048,537  
     

 

 

 
        16,415,433  
     

 

 

 
      Rhode Island - 1.0%  
   

Rhode Island Health & Educational Building Corp., (AGM Insured)

 
    2,700,000    

5.00%, 05/15/2027

    3,171,069  
    2,020,000    

5.00%, 05/15/2028

    2,483,065  
   

Rhode Island Housing & Mortgage Finance Corp., (GNMA/FNMA/FHLMC Insured)

 
    1,015,000    

2.75%, 04/01/2040

    1,057,356  
    6,135,000    

4.00%, 10/01/2048

    6,791,199  
   

Rhode Island Student Loan Auth

 
    115,000    

4.50%, 12/01/2026

    117,768  
    1,000,000    

5.00%, 12/01/2028

    1,184,100  
     

 

 

 
        14,804,557  
     

 

 

 
      South Carolina - 1.7%  
    1,987,000    

Lancaster County, SC, Sun City Assessment
7.70%, 11/01/2017

    417,270  
   

South Carolina Jobs-Economic Dev Auth

 
    4,355,000    

5.00%, 05/01/2029

    5,399,547  
    1,375,000    

5.00%, 05/01/2048

    1,574,045  
    1,000,000    

5.25%, 08/01/2024

    1,134,300  
   

South Carolina Port Auth

 
    1,420,000    

4.00%, 07/01/2034

    1,539,834  
    1,240,000    

5.00%, 07/01/2029

    1,582,860  
    1,100,000    

5.00%, 07/01/2030

    1,394,679  
    3,190,000    

5.00%, 07/01/2031

    4,020,931  
   

South Carolina Public Service Auth

 
    1,460,000    

5.00%, 12/01/2031(5)

    1,908,877  
    1,400,000    

5.00%, 12/01/2032(5)

    1,814,204  
   

South Carolina State Public Service Auth

 
    1,665,000    

5.00%, 12/01/2031

    1,914,567  
    2,350,000    

5.00%, 12/01/2034

    2,683,606  
     

 

 

 
        25,384,720  
     

 

 

 
      South Dakota - 0.6%  
   

South Dakota Housing Dev Auth Rev, (GNMA/FNMA/FHLMC Insured)

 
    1,125,000    

2.45%, 11/01/2023

    1,171,136  
    1,570,000    

3.50%, 11/01/2046

    1,669,240  
    2,665,000    

3.75%, 11/01/2050

    2,980,296  
    665,000    

4.00%, 11/01/2047

    724,358  
   

South Dakota State Educational Enhancement Funding Corp.

 
    1,395,000    

5.00%, 06/01/2024

    1,545,758  
    1,000,000    

5.00%, 06/01/2026

    1,102,200  
     

 

 

 
        9,192,988  
     

 

 

 
      Tennessee - 0.8%  
    890,000    

Chattanooga, TN, Health Educational & Housing Facs Board Rev 5.00%, 08/01/2044

    1,052,389  
Shares or Principal Amount   Market Value  
MUNICIPAL BONDS - 93.9% - (continued)      
      Tennessee - 0.8% - (continued)  
$     500,000    

Tennessee Energy Acquisition Corp.
5.25%, 09/01/2026

  $ 612,440  
   

Tennessee Housing Dev Agency

 
    1,300,000    

3.50%, 07/01/2045

    1,385,514  
    3,615,000    

3.50%, 01/01/2047

    3,852,549  
    3,875,000    

4.00%, 01/01/2049

    4,241,730  
     

 

 

 
        11,144,622  
     

 

 

 
      Texas - 6.1%  
    1,000,000    

Arlington, TX, Higher Education Finance Corp., (PSF-GTD Insured) 5.00%, 08/15/2027

    1,146,400  
   

Austin, TX, Airport System Rev

 
    595,000    

5.00%, 11/15/2026

    730,440  
    1,125,000    

5.00%, 11/15/2028

    1,357,335  
    560,000    

5.00%, 11/15/2030

    666,064  
    1,620,000    

Austin, TX, Independent School Dist, GO, (PSF-GTD Insured) 4.00%, 08/01/2033

    1,938,314  
    1,000,000    

City of Arlington TX Special Tax Rev, (AGM Insured) 5.00%, 02/15/2034

    1,160,680  
    2,100,000    

City of Austin, TX, Airport System Rev
5.00%, 11/15/2022

    2,285,115  
    1,060,000    

City of Houston TX Hotel Occupancy Tax & Special Rev, (AGM-CR AMBAC Insured)
0.00%, 09/01/2025(3)

    999,273  
   

City of Houston, TX, Airport System Rev

 

    1,300,000    

5.00%, 07/01/2030

    1,669,291  
    1,000,000    

5.00%, 07/01/2031

    1,272,820  
    1,200,000    

5.00%, 07/01/2033

    1,500,840  
    3,685,000    

City of San Antonio, TX, Electric & Gas Systems Rev 1.75%, 02/01/2049(1)

    3,842,018  
   

Clifton, TX, Higher Education Finance Corp., (PSF-GTD Insured)

 
    1,000,000    

4.00%, 08/15/2029

    1,184,190  
    1,050,000    

4.00%, 08/15/2030

    1,213,726  
    500,000    

4.00%, 08/15/2031

    575,250  
    1,000,000    

Dallas, TX, Area Rapid Transit Sales Tax Rev
5.00%, 12/01/2030

    1,219,170  
   

Dallas-Fort Worth, TX, International Airport Rev

 

    1,570,000    

5.00%, 11/01/2021

    1,640,807  
    1,750,000    

5.00%, 11/01/2023

    1,882,460  
    1,000,000    

5.00%, 11/01/2024

    1,173,500  
    1,500,000    

Grapevine-Colleyville, TX, Independent School Dist, GO, (PSF-GTD Insured) 5.00%, 08/15/2027

    1,814,430  
   

Harris County - Houston, TX, Sports Auth

 

    2,500,000    

5.00%, 11/15/2030

    2,670,425  
    500,000    

5.00%, 11/15/2032

    521,175  
    2,950,000    

5.00%, 11/15/2034

    3,064,047  
    1,605,000    

Harris County, TX, Toll Road Auth 5.00%, 08/15/2032

    2,004,452  
   

Kerrville, TX, Health Facs Dev Corp.

 

    1,300,000    

5.00%, 08/15/2024

    1,489,280  
    1,500,000    

5.00%, 08/15/2035

    1,684,950  
    1,580,000    

La Joya, TX, Independent School Dist, GO, (PSF-GTD Insured) 5.00%, 02/15/2025

    1,812,260  
   

New Hope, TX, Cultural Education Facs Finance Corp.

 
    700,000    

1.85%, 11/01/2020

    700,000  
    3,375,000    

5.00%, 11/01/2031

    3,614,996  
    1,000,000    

5.00%, 11/01/2046

    1,044,160  
   

North Texas Tollway Auth Rev (AGC Insured )

 

    5,000,000    

0.00%, 01/01/2032(3)

    4,027,150  
    1,000,000    

5.00%, 01/01/2030

    1,127,190  
    1,200,000    

5.00%, 01/01/2035

    1,408,464  
    1,440,000    

San Antonio, TX, Water Rev 5.00%, 05/15/2031

    1,770,394  
    1,000,000    

Spring Branch, TX, Independent School Dist, GO, (PSF-GTD Insured) 5.00%, 02/01/2026

    1,190,500  
    23,720,000    

State of Texas, GO 0.15%, 06/01/2043(1)

    23,720,000  
 

 

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

 

 

  99  

 


The Hartford Municipal Opportunities Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
MUNICIPAL BONDS - 93.9% - (continued)      
      Texas - 6.1% - (continued)  
$     2,575,000    

Tarrant County, TX, Cultural Education Facs
5.00%, 10/01/2034

  $ 2,715,930  
    1,725,000    

Texas Municipal Gas Acquisition & Supply Corp. Rev 6.25%, 12/15/2026

    2,019,526  
    1,755,000    

Texas Transportation Commission 0.00%, 08/01/2038(3)

    867,654  
    2,000,000    

Travis County, TX, Health Facs Dev 7.13%, 11/01/2040

    2,000,000  
     

 

 

 
        88,724,676  
     

 

 

 
      Utah - 0.2%  
    490,000    

Salt Lake County, UT, (AMBAC Insured)
5.13%, 02/15/2033

    569,561  
    1,125,000    

State of Utah, GO 3.00%, 07/01/2034

    1,273,556  
    1,505,000    

Utah Housing Corp., (FHA Insured) 4.00%, 01/01/2045

    1,614,986  
     

 

 

 
        3,458,103  
     

 

 

 
      Vermont - 0.3%  
   

Vermont Housing Finance Agency

 

    1,425,000    

4.00%, 11/01/2045

    1,490,137  
    1,385,000    

4.00%, 11/01/2046

    1,488,667  
    1,910,000    

4.00%, 05/01/2048

    2,042,401  
     

 

 

 
        5,021,205  
     

 

 

 
      Virginia - 0.2%  
    880,000    

Arlington County, VA, Industrial Dev Auth
5.00%, 07/01/2030

    1,162,946  
    1,470,000    

Virginia Small Business Financing Auth
5.00%, 01/01/2027

    1,780,802  
     

 

 

 
        2,943,748  
     

 

 

 
      Washington - 0.8%  
    2,060,000    

Chelan County, WA, Public Utility Dist No. 1, (NATL Insured) 0.00%, 06/01/2028(3)

    1,851,837  
    1,400,000    

County of King, WA, GO 5.00%, 01/01/2031

    1,825,642  
    3,000,000    

Port of Seattle, WA 5.00%, 05/01/2033

    3,518,490  
   

Washington State Health Care Facs Auth Rev

 

    780,000    

5.00%, 07/01/2028

    897,094  
    2,000,000    

5.00%, 03/01/2029

    2,312,960  
    1,400,000    

Washington State Housing Finance Commission
5.00%, 01/01/2049(2)

    1,437,534  
     

 

 

 
        11,843,557  
     

 

 

 
      West Virginia - 0.2%  
    1,000,000    

West Virginia Housing Dev Fund 2.80%, 11/01/2022

    1,035,910  
    1,555,000    

West Virginia State Economic Dev Auth
2.55%, 03/01/2040(1)

    1,629,562  
     

 

 

 
        2,665,472  
     

 

 

 
      Wisconsin - 2.3%  
    1,790,000    

Milwaukee County, WI, Airport Rev 5.00%, 12/01/2025

    1,988,762  
   

Public Finance Auth, WI (AGM Insured)

 

    1,530,000    

4.00%, 07/01/2050

    1,636,916  
    1,600,000    

5.00%, 09/01/2025(2)

    1,671,120  
    2,940,000    

5.00%, 07/01/2035

    3,488,222  
    1,050,000    

5.00%, 07/01/2036

    1,241,289  
    2,875,000    

5.00%, 10/01/2043(2)

    2,927,526  
    2,340,000    

5.00%, 10/01/2044

    2,793,983  
    2,015,000    

5.00%, 10/01/2053(2)

    2,033,256  
    1,350,000    

Wisconsin Center Dist, WI 0.00%, 12/15/2031

    989,496  
   

Wisconsin Health & Educational Facs Auth Rev

 

    3,000,000    

5.00%, 11/15/2027

    3,445,620  
    1,700,000    

5.00%, 12/01/2028

    1,939,683  
    7,275,000    

5.00%, 11/01/2039

    7,428,212  
    1,000,000    

5.00%, 11/01/2054

    998,360  
Shares or Principal Amount   Market Value  
MUNICIPAL BONDS - 93.9% - (continued)      
      Wisconsin - 2.3% - (continued)  
$     1,700,000    

Wisconsin Housing & Economic Dev Auth
1.55%, 11/01/2038(1)

  $ 1,701,411  
     

 

 

 
        34,283,856  
     

 

 

 
      Wyoming - 0.2%  
   

Wyoming Community Dev Auth

 

    1,225,000    

3.25%, 12/01/2023

    1,306,524  
    1,100,000    

4.00%, 12/01/2046

    1,186,163  
     

 

 

 
    2,492,687  
     

 

 

 
   

Total Municipal Bonds
(cost $1,326,275,685)

  $ 1,378,446,053  
     

 

 

 
SHORT-TERM INVESTMENTS - 4.9%  
   

Repurchase Agreements - 4.9%

 

    71,063,251    

Fixed Income Clearing Corp. Repurchase Agreement dated 10/30/2020 at 0.060%, due on 11/02/2020 with a maturity value of $71,063,606; collateralized by U.S. Treasury Note at 3.125%, maturing 11/15/2028, with a market value of $72,484,523

  $ 71,063,251  
     

 

 

 
   

Total Short-Term Investments
(cost $71,063,251)

  $ 71,063,251  
     

 

 

 
   

Total Investments
(cost $1,397,338,936)

    98.8   $ 1,449,509,304  
   

Other Assets and Liabilities

    1.2     17,846,268  
     

 

 

   

 

 

 
   

Total Net Assets

    100.0   $ 1,467,355,572  
     

 

 

   

 

 

 

 

Note:

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

 

    

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

 

    

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

    

See “Glossary” for abbreviation descriptions.

 

(1) 

Variable or floating rate security, which interest rate adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. Rate shown is the rate in effect as of period end.

 

(2) 

Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions that are exempt from registration (typically only to qualified institutional buyers) or in a public offering registered under the Securities Act of 1933. At October 31, 2020, the aggregate value of these securities was $18,171,242, representing 1.2% of net assets.

 

(3) 

Security is a zero-coupon bond.

 

(4) 

Variable rate securities; the rate reported is the coupon rate in effect at October 31, 2020. Base lending rates may be subject to a floor or cap.

 

(5) 

This security, or a portion of this security, was purchased on a when-issued, delayed-delivery or delayed-draw basis. The cost of these securities was $19,824,123 at October 31, 2020.

 

(6) 

Security is a “step-up” bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate.

 

 

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

 

 

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

 

 

  100  

 


The Hartford Municipal Opportunities Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Fair Value Summary

The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.

 

Description

   Total      Level 1      Level 2      Level 3(1)  

Assets

 

Municipal Bonds

   $ 1,378,446,053      $      $ 1,378,446,053      $  

Short-Term Investments

     71,063,251               71,063,251         
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $     1,449,509,304      $     —      $     1,449,509,304      $     —  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(1) 

For the year ended October 31, 2020, there were no transfers in and out of Level 3.

 

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

 

 

  101  

 


Hartford Municipal Short Duration Fund

Schedule of Investments

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
MUNICIPAL BONDS - 92.5%      
          Alabama - 2.7%  
$     250,000    

State of Alabama, Docks Department, (AGM Insured) 5.00%, 10/01/2024

  $ 290,183  
    350,000    

State of Alabama, Troy University, (BAM Insured)
5.00%, 11/01/2024

    408,460  
     

 

 

 
        698,643  
     

 

 

 
          Arizona - 0.8%  
    100,000    

Maricopa County, AZ, Industrial Dev Auth
5.00%, 09/01/2022

    107,738  
    105,000    

Tempe, AZ, Industrial Dev Auth
4.00%, 10/01/2023(1)

    104,598  
     

 

 

 
        212,336  
     

 

 

 
          California - 1.7%  
    100,000    

California County, CA, Tobacco Securitization Agency 4.00%, 06/01/2022

    105,656  
    245,000    

Orange County, CA, Community Facs Dist, Special Tax 4.00%, 08/15/2021

    250,511  
    75,000    

Roseville, CA, Natural Gas Financing Auth
5.00%, 02/15/2023

    82,148  
     

 

 

 
        438,315  
     

 

 

 
          Colorado - 1.8%  
    150,000    

Denver, CO, Convention Center Hotel Auth
5.00%, 12/01/2022

    157,052  
    40,000    

E-470 Public Highway, CO, Auth Rev
1.15%, 09/01/2039, 1 mo. USD LIBOR + 1.050%(2)

    40,034  
    150,000    

Park Creek, CO, Metropolitan Dist Rev
5.00%, 12/01/2021

    156,963  
    105,000    

Vauxmont, CO, Metropolitan Dist, GO, (AGM Insured) 5.00%, 12/15/2022

    114,010  
     

 

 

 
        468,059  
     

 

 

 
          Connecticut - 0.8%  
    185,000    

Connecticut State Health & Educational Facs Auth
5.00%, 07/01/2024

    200,268  
          Florida - 7.2%  
    250,000    

Alachua County, FL, Health Facs Auth
4.00%, 12/01/2023

    274,218  
    175,000    

Capital Projects, FL, Finance Auth
5.00%, 10/01/2024

    190,316  
    200,000    

City of Atlantic Beach, FL
3.00%, 11/15/2023

    200,000  
   

JEA, FL, Electric System Rev

 

    100,000    

5.00%, 10/01/2021

    104,020  
    100,000    

5.00%, 10/01/2022

    108,849  
    50,000    

Miami-Dade County, FL, Aviation Rev
5.00%, 10/01/2024

    57,515  
   

Miami-Dade County, FL, Seaport Department Rev

 

    65,000    

5.00%, 10/01/2021

    67,406  
    145,000    

5.00%, 10/01/2022

    155,321  
    250,000    

Orange County, FL, Convention Center/Orlando
5.00%, 10/01/2023

    277,593  
    100,000    

Osceola County, FL, Transportation Rev
5.00%, 10/01/2025

    116,500  
    115,000    

Palm Beach County, FL, Health Facs Auth
2.63%, 06/01/2025

    114,925  
    135,000    

Seminole County, FL, Industrial Dev Auth
3.75%, 11/15/2025

    126,029  
    75,000    

Tampa-Hillsborough County, FL, Expressway Auth
5.00%, 07/01/2021

    77,234  
     

 

 

 
        1,869,926  
     

 

 

 
Shares or Principal Amount   Market Value  
MUNICIPAL BONDS - 92.5% - (continued)      
          Georgia - 2.6%  
   

Burke County, GA, Dev Auth Rev

 

$     70,000    

2.35%, 10/01/2032(3)

  $ 70,129  
    100,000    

3.00%, 11/01/2045(3)

    104,474  
    50,000    

Main Street Natural Gas, Inc., GA 4.00%, 08/01/2049(3)

    56,694  
   

Municipal Electric Auth, GA

 

    75,000    

5.00%, 01/01/2021

    75,546  
    100,000    

5.00%, 11/01/2021

    104,489  
    100,000    

5.00%, 11/01/2022

    108,961  
    140,000    

5.00%, 01/01/2024

    159,264  
     

 

 

 
        679,557  
     

 

 

 
          Illinois - 20.9%  
    40,000    

Champaign County, IL, Community Unit School Dist No. 4 Champaign, GO 0.00%, 01/01/2025(4)

    38,697  
   

Chicago, IL, Board of Education, GO, (NATL Insured)

 

    45,000    

0.00%, 12/01/2021(4)

    43,955  
    55,000    

0.00%, 12/01/2022(4)

    52,439  
    150,000    

0.00%, 12/01/2024(4)

    135,588  
    200,000    

5.00%, 12/01/2021

    206,470  
    225,000    

Chicago, IL, Midway International Airport Rev 5.00%, 01/01/2023

    243,490  
    280,000    

Chicago, IL, O’Hare International Airport 5.00%, 01/01/2023

    304,142  
    100,000    

Chicago, IL, Transit Auth 5.00%, 12/01/2022

    105,120  
   

City of Chicago, IL, GO

 

    135,000    

5.00%, 01/01/2022

    141,018  
    50,000    

5.00%, 01/01/2023

    51,823  
   

City of Chicago, IL, Wastewater Transmission Rev, (NATL Insured)

 
    160,000    

0.00%, 01/01/2022(4)

    156,862  
    110,000    

0.00%, 01/01/2024(4)

    103,653  
    85,000    

City of Chicago, IL, Waterworks Rev 5.00%, 11/01/2020

    85,000  
   

City of Decatur, IL, GO, (AGM Insured)

 

    65,000    

3.00%, 03/01/2022

    66,876  
    150,000    

5.00%, 03/01/2023

    164,499  
    200,000    

Cook County, IL, GO 5.00%, 11/15/2022

    216,146  
    125,000    

Illinois Housing Dev Auth 3.05%, 08/01/2022

    129,899  
   

Illinois State Finance Auth Rev

 

    45,000    

5.00%, 09/01/2021

    45,963  
    100,000    

5.00%, 11/15/2021

    104,292  
    75,000    

5.00%, 05/15/2050(3)

    85,932  
    100,000    

Kane County, IL, School Dist No. 131 Aurora East Side, GO, (AGM Insured) 5.00%, 12/01/2026

    123,159  
   

Kendall Kane & Will Counties, IL, Unified School Dist, GO, (AGM Insured)

 
    50,000    

0.00%, 02/01/2021(4)

    49,922  
    225,000    

0.00%, 02/01/2025(4)

    216,565  
    205,000    

5.00%, 02/01/2027

    250,246  
   

Metropolitan Pier & Exposition Auth, IL, (NATL Insured)

 
    200,000    

0.00%, 06/15/2021(4)

    199,410  
    310,000    

0.00%, 12/15/2022(4)

    299,916  
    70,000    

5.50%, 12/15/2023

    75,137  
   

Railsplitter, IL, Tobacco Settlement Auth

 

    150,000    

5.00%, 06/01/2022

    160,446  
    50,000    

5.25%, 06/01/2021

    51,380  
   

Sales Tax Securitization Corp., IL

 

    150,000    

5.00%, 01/01/2024

    166,890  
    500,000    

5.00%, 01/01/2026

    585,120  
   

State of Illinois, GO

 

    75,000    

5.00%, 04/01/2021

    76,120  
    120,000    

5.00%, 02/01/2022

    124,810  
    200,000    

5.00%, 11/01/2022

    208,288  
    100,000    

5.00%, 10/01/2023

    106,785  
    70,000    

5.00%, 06/15/2026

    79,361  
 

 

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

 

 

  102  

 


Hartford Municipal Short Duration Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
MUNICIPAL BONDS - 92.5% - (continued)      
          Illinois - 20.9% - (continued)  
$     150,000    

Village of Bolingbrook, IL, GO, (AGM Insured) 5.00%, 01/01/2023

  $ 164,289  
     

 

 

 
        5,419,708  
     

 

 

 
          Iowa - 0.2%  
    30,000    

Iowa Student Loan Liquidity Corp. 5.00%, 12/01/2022

    31,792  
    25,000    

State of Iowa, Finance Auth Rev 2.88%, 05/15/2049

    25,101  
     

 

 

 
        56,893  
     

 

 

 
          Kentucky - 1.0%  
    40,000    

Kentucky Bond Dev Corp. 5.00%, 09/01/2023

    44,707  
    200,000    

Kentucky Public Energy Auth 4.00%, 01/01/2049(3)

    222,922  
     

 

 

 
        267,629  
     

 

 

 
          Louisiana - 1.9%  
    110,000    

City of New Orleans, LA, Sewerage Service Rev 5.00%, 06/01/2021

    112,761  
    200,000    

New Orleans, LA, Aviation Board 5.00%, 01/01/2023

    216,390  
    170,000    

Parish of St. John the Baptist, LA 2.13%, 06/01/2037(3)

    170,745  
     

 

 

 
        499,896  
     

 

 

 
          Maine - 0.3%  
    70,000    

Finance Auth of Maine Rev, (AGM Insured) 5.00%, 12/01/2021

    72,746  
     

 

 

 
          Maryland - 0.2%  
    40,000    

Maryland Health & Higher Educational Facs Auth 2.88%, 07/01/2023

    40,321  
     

 

 

 
          Massachusetts - 3.6%  
   

Massachusetts Dev Finance Agency, Rev

 

    100,000    

3.50%, 10/01/2022(1)

    101,591  
    150,000    

5.00%, 07/01/2022

    160,038  
    150,000    

5.00%, 07/01/2024

    172,860  
    270,000    

5.00%, 07/01/2025

    315,577  
   

Massachusetts Educational Financing Auth

 

    80,000    

5.00%, 07/01/2023

    87,336  
    80,000    

5.00%, 07/01/2024

    89,845  
     

 

 

 
        927,247  
     

 

 

 
          Michigan - 0.4%  
   

City of Detroit, MI, GO

 

    15,000    

5.00%, 04/01/2021

    15,202  
    70,000    

5.00%, 04/01/2022

    72,790  
     

 

 

 
        87,992  
     

 

 

 
          Minnesota - 0.8%  
    200,000    

Duluth, MN, Independent School Dist No. 709, (SCP Insured) 5.00%, 02/01/2022

    210,378  
     

 

 

 
          Missouri - 1.2%  
    50,000    

City of St. Louis, MO, Airport Rev, (AGM Insured) 5.00%, 07/01/2023

    55,277  
    100,000    

Kirkwood, MO, Industrial Dev Auth Retirement Community 5.00%, 05/15/2022

    102,974  
    150,000    

St. Louis County, MO, Industrial Dev Auth 5.00%, 09/01/2023

    160,129  
     

 

 

 
        318,380  
     

 

 

 
          Nebraska - 1.5%  
    120,000    

Central Plains, NE, Energy Project 5.25%, 12/01/2021

    125,970  
    145,000    

Nebraska Investment Finance Auth Rev 4.00%, 09/01/2048

    159,658  
    100,000    

Washington County, NE Rev 0.90%, 09/01/2030(3)

    99,442  
     

 

 

 
        385,070  
     

 

 

 
Shares or Principal Amount   Market Value  
MUNICIPAL BONDS - 92.5% - (continued)      
          Nevada - 1.6%  
$     100,000    

City of North Las Vegas, NV 3.50%, 06/01/2022

  $ 100,811  
    150,000    

City of Reno, NV, Sales Tax Rev, (AGM Insured) 5.00%, 06/01/2024

    169,013  
    35,000    

City of Sparks, NV 2.50%, 06/15/2024(1)

    34,664  
    100,000    

Clark County, NV, School Dist, GO 5.00%, 06/15/2025

    118,979  
     

 

 

 
        423,467  
     

 

 

 
          New Jersey - 3.4%  
    200,000    

City of Bayonne, NJ, GO, (AGM School Bond Reserve Fund Insured)
0.00%, 07/01/2023(4)

    196,042  
   

New Jersey Economic Dev Auth

 

    100,000    

5.00%, 06/15/2022

    106,632  
    75,000    

5.00%, 06/15/2023

    82,220  
    140,000    

New Jersey Educational Facs Auth 5.00%, 07/01/2024

    155,274  
   

New Jersey Transportation Trust Fund Auth

 

    60,000    

5.00%, 12/15/2023

    66,837  
    40,000    

5.00%, 12/15/2024

    45,296  
   

Tobacco Settlement Financing Corp., NJ

 

    125,000    

5.00%, 06/01/2023

    138,959  
    70,000    

5.00%, 06/01/2025

    83,222  
     

 

 

 
        874,482  
     

 

 

 
          New Mexico - 3.0%  
    250,000    

City of Santa Fe, NM, Rev 2.63%, 05/15/2025

    243,770  
   

New Mexico Mortgage Finance Auth, (GNMA/FNMA/FHLMC Insured)

 
    65,000    

3.75%, 03/01/2048

    71,013  
    290,000    

3.75%, 01/01/2050

    321,880  
    125,000    

4.00%, 01/01/2049

    137,586  
     

 

 

 
        774,249  
     

 

 

 
          New York - 7.6%  
    135,000    

Brookhaven, NY, Local Dev 1.63%, 11/01/2025

    134,264  
   

Metropolitan Transportation Auth, NY, Rev

 

    265,000    

5.00%, 11/15/2024

    304,279  
    500,000    

5.00%, 11/15/2034(3)

    520,245  
    1,000,000    

New York City Water & Sewer System 0.13%, 06/15/2049(3)

    1,000,000  
     

 

 

 
        1,958,788  
     

 

 

 
          North Dakota - 0.3%  
    80,000    

North Dakota Housing Finance Agency 3.50%, 07/01/2046

    85,678  
     

 

 

 
          Ohio - 2.1%  
   

Cleveland, OH, Airport System Rev, (AGM Insured)

 

    60,000    

5.00%, 01/01/2022

    62,785  
    60,000    

5.00%, 01/01/2023

    65,498  
    150,000    

5.00%, 01/01/2024

    168,328  
    90,000    

County of Lucas, OH 5.00%, 11/15/2021

    93,104  
    150,000    

Southern Ohio Port Auth 6.25%, 12/01/2025

    150,040  
     

 

 

 
        539,755  
     

 

 

 
          Oklahoma - 0.9%  
    225,000    

Oklahoma Dev Finance Auth 1.63%, 07/06/2023

    224,192  
     

 

 

 
          Oregon - 0.7%  
    60,000    

Salem Hospital Facs Auth, OR 5.00%, 05/15/2025

    66,066  
    115,000    

State of Oregon Housing & Community Services Department 3.50%, 07/01/2048

    123,083  
     

 

 

 
        189,149  
     

 

 

 
          Pennsylvania - 3.7%  
    35,000    

City of Philadelphia, PA, GO 5.00%, 08/01/2021

    36,118  
   

City of Philadelphia, PA, Redev Auth

 

    105,000    

5.00%, 04/15/2021

    106,804  
    100,000    

5.00%, 04/15/2025

    114,574  
 

 

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

 

 

  103  

 


Hartford Municipal Short Duration Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
MUNICIPAL BONDS - 92.5% - (continued)      
          Pennsylvania - 3.7% - (continued)  
   

Lehigh County, PA, Industrial Dev Auth

 

$     65,000    

1.80%, 02/15/2027(3)

  $ 65,707  
    55,000    

1.80%, 09/01/2029(3)

    55,558  
    150,000    

Montgomery County, PA, Industrial Dev Auth Rev 4.00%, 12/01/2020

    150,165  
    150,000    

Reading, PA, School Dist, GO, (AGM State Aid Withholding Insured) 5.00%, 03/01/2023

    164,901  
    50,000    

State Public School Building Auth, PA, (State Aid Withholding Insured) 5.00%, 04/01/2021

    50,870  
    200,000    

Wilkes-Barre Area, PA, School Dist, GO, (BAM State Aid Withholding Insured) 5.00%, 04/15/2023

    220,774  
     

 

 

 
        965,471  
     

 

 

 
          Puerto Rico - 1.4%  
   

Puerto Rico Sales Tax Financing Corp. Sales Tax Rev

 

    177,000    

0.00%, 07/01/2024(4)

    163,272  
    244,000    

0.00%, 07/01/2029(4)

    191,193  
     

 

 

 
        354,465  
     

 

 

 
          Rhode Island - 1.4%  
    150,000    

Rhode Island Health & Educational Building Corp., (Municipal Government Guaranteed Insured)

5.00%, 05/15/2022

    160,105  
    15,000    

Rhode Island Housing & Mortgage Finance Corp. 4.00%, 10/01/2032

    15,395  
   

Rhode Island Student Loan Auth

 

    25,000    

3.00%, 12/01/2024

    25,809  
    100,000    

5.00%, 12/01/2023

    109,327  
    60,000    

Rhode Island Tobacco Settlement Financing Corp. 5.00%, 06/01/2021

    61,506  
     

 

 

 
        372,142  
     

 

 

 
          South Carolina - 0.7%  
    150,000    

South Carolina Jobs-Economic Dev Auth 5.00%, 05/01/2024

    170,630  
     

 

 

 
          Tennessee - 3.2%  
    250,000    

Chattanooga, TN, Health Educational & Housing Facs Board 5.00%, 08/01/2025

    294,175  
    150,000    

Shelby County, TN, Health Educational & Housing Facs Board 4.00%, 09/01/2022(1)

    147,224  
   

Tennessee Housing Dev Agency

 

    85,000    

3.50%, 07/01/2045

    90,591  
    145,000    

3.50%, 01/01/2047

    154,629  
    135,000    

3.50%, 01/01/2048

    144,442  
     

 

 

 
        831,061  
     

 

 

 
          Texas - 7.4%  
    100,000    

Arlington, TX, Higher Education Finance Corp., (PSF-GTD Insured) 4.00%, 12/01/2022

    107,359  
    70,000    

Big Sandy, TX, Independent School Dist Upshur County, GO, (PSF-GTD Insured)

5.00%, 02/15/2024

    80,117  
    100,000    

Central Texas Turnpike System Rev 5.00%, 08/15/2024

    116,872  
    105,000    

City of San Antonio, TX, Airport System 5.00%, 07/01/2022

    112,569  
    95,000    

City of San Antonio, TX, Electric & Gas Systems Rev 1.75%, 02/01/2049(3)

    99,048  
    50,000    

Harris County, TX, Metropolitan Transportation Auth 5.00%, 11/01/2022

    54,607  
    100,000    

North East Texas Regional Mobility Auth 5.00%, 01/01/2021

    100,440  
    1,000,000    

State of Texas 4.00%, 08/26/2021

    1,030,660  
    205,000    

Texas Municipal Gas Acquisition & Supply Corp. Rev 5.00%, 12/15/2032

    218,026  
     

 

 

 
        1,919,698  
     

 

 

 
Shares or Principal Amount   Market Value  
MUNICIPAL BONDS - 92.5% - (continued)      
          Utah - 0.6%  
$     130,000    

Salt Lake County, UT , (AMBAC Insured) 5.13%, 02/15/2033

  $ 151,108  
     

 

 

 
          Washington - 2.2%  
    100,000    

Chelan County, WA, Public Utility Dist No. 1, (NATL Insured) 0.00%, 06/01/2021(4)

    99,706  
    195,000    

Tobacco Settlement Auth, WA 5.00%, 06/01/2024

    216,649  
    250,000    

Washington State Housing Finance Commission 2.38%, 01/01/2026(1)

    240,255  
     

 

 

 
        556,610  
     

 

 

 
          West Virginia - 0.2%  
    55,000    

West Virginia State Economic Dev Auth 2.55%, 03/01/2040(3)

    57,637  
     

 

 

 
          Wisconsin - 2.5%  
   

Public Finance Auth, WI, (AGM Insured)

 

    150,000    

4.00%, 07/01/2025

    168,937  
    225,000    

4.00%, 07/01/2026

    257,526  
    200,000    

Wisconsin Health & Educational Facs Auth 5.00%, 11/01/2025

    213,072  
     

 

 

 
        639,535  
     

 

 

 
   

Total Municipal Bonds
(cost $23,566,648)

  $     23,941,481  
     

 

 

 
SHORT-TERM INVESTMENTS - 5.6%  
          Repurchase Agreements - 5.6%  
    1,442,949    

Fixed Income Clearing Corp. Repurchase Agreement dated 10/30/2020 at 0.060%, due on 11/02/2020 with a maturity value of $1,442,956; collateralized by U.S. Treasury Note at 2.875%, maturing 05/15/2028, with a market value of $1,471,829

  $ 1,442,949  
     

 

 

 
   

Total Short-Term Investments
(cost $1,442,949)

  $ 1,442,949  
     

 

 

 
   

Total Investments
(cost $25,009,597)

    98.1   $     25,384,430  
   

Other Assets and Liabilities

    1.9     500,476  
     

 

 

   

 

 

 
   

Total Net Assets

    100.0   $ 25,884,906  
     

 

 

   

 

 

 

 

Note:

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

 

    

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

 

    

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

    

See “Glossary” for abbreviation descriptions.

 

(1) 

Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions that are exempt from registration (typically only to qualified institutional buyers) or in a public offering registered under the Securities Act of 1933. At October 31, 2020, the aggregate value of these securities was $628,332, representing 2.4% of net assets.

 

(2) 

Variable rate security; the rate reported is the coupon rate in effect at October 31, 2020. Base lending rates may be subject to a floor or cap.

 

(3)

Variable or floating rate security, which interest rate adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. Rate shown is the rate in effect as of period end.

 

(4) 

Security is a zero-coupon bond.

 

 

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

 

 

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

 

 

  104  

 


Hartford Municipal Short Duration Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Fair Value Summary

The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.

 

Description

   Total      Level 1      Level 2      Level 3(1)  

Assets

 

Municipal Bonds

   $ 23,941,481      $      $ 23,941,481      $  

Short-Term Investments

     1,442,949               1,442,949         
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $     25,384,430      $     —      $     25,384,430      $     —  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(1) 

For the year ended October 31, 2020, there were no transfers in and out of Level 3.

 

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

 

 

  105  

 


The Hartford Short Duration Fund

Schedule of Investments

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 20.5%  
          Asset-Backed - Automobile - 0.5%      
   

Credit Acceptance Auto Loan Trust

 
$     4,960,000    

2.38%, 11/15/2028(1)

  $ 5,087,324  
    987,607    

3.55%, 08/15/2027(1)

    998,708  
    2,832,150    

OneMain Direct Auto Receivables Trust
3.43%, 12/16/2024(1)

    2,865,646  
     

 

 

 
        8,951,678  
     

 

 

 
          Asset-Backed - Finance & Insurance - 3.3%  
    1,969,890    

Ajax Mortgage Loan Trust
3.16%, 09/25/2056(1)(2)

    1,962,225  
    1,028,049    

American Credit Acceptance Receivables Trust 0.62%, 10/13/2023(1)

    1,028,450  
    2,250,000    

Apidos CLO 1.32%, 04/15/2031, 3 mo. USD LIBOR + 1.080%(1)(3)

    2,220,124  
    7,825,000    

Conn’s Receivables Funding LLC
1.71%, 06/16/2025(1)

    7,829,952  
    4,860,000    

Credit Acceptance Auto Loan Trust
1.24%, 10/15/2029(1)

    4,857,395  
    2,623,500    

DB Master Finance LLC
3.79%, 05/20/2049(1)

    2,689,192  
   

Ellington Financial Mortgage Trust

 
    2,568,000    

1.18%, 10/25/2065(1)(2)

    2,567,908  
    737,242    

2.74%, 11/25/2059(1)(2)

    752,342  
    1,190,000    

KKR CLO Ltd. 1.24%, 04/15/2031, 3 mo. USD LIBOR + 1.000%(1)(3)

    1,169,234  
    3,825,000    

Neuberger Berman Loan Advisers CLO Ltd.

1.24%, 04/19/2030, 3 mo. USD LIBOR + 1.020%(1)(3)

    3,782,948  
    1,250,000    

Octagon Investment Partners Ltd.

1.24%, 07/17/2030, 3 mo. USD LIBOR + 1.020%(1)(3)

    1,229,119  
    4,000,000    

OneMain Financial Issuance Trust
3.48%, 02/14/2031(1)

    4,044,532  
    2,842,000    

Planet Fitness Master Issuer LLC
4.26%, 09/05/2048(1)

    2,841,375  
   

Regional Management Issuance Trust

 
    1,450,000    

3.05%, 11/15/2028(1)

    1,451,045  
    2,500,000    

4.56%, 01/18/2028(1)

    2,526,035  
    1,797,532    

Residential Mortgage Loan Trust
2.38%, 02/25/2024(1)(2)

    1,821,647  
    156,956    

Towd Point Mortgage Trust
2.75%, 05/25/2055(1)(2)

    158,264  
    4,915,000    

Tryon Park CLO Ltd. 1.13%, 04/15/2029, 3 mo. USD LIBOR + 0.890%(1)(3)

    4,872,554  
    3,890,000    

Verizon Owner Trust 0.47%, 02/20/2025

    3,894,235  
    2,755,000    

Z Capital Credit Partners CLO Ltd.

1.68%, 07/16/2027, 3 mo. USD LIBOR + 1.450%(1)(3)

    2,692,608  
     

 

 

 
        54,391,184  
     

 

 

 
          Asset-Backed - Home Equity - 0.1%  
    261,692    

Accredited Mortgage Loan Trust

0.83%, 01/25/2035, 1 mo. USD LIBOR + 0.680%(3)

    260,768  
    708,537    

Morgan Stanley ABS Capital, Inc. Trust

0.91%, 01/25/2035, 1 mo. USD LIBOR + 0.760%(3)

    705,603  
    49,044    

Residential Asset Securitization Trust
4.97%, 07/25/2034(2)

    50,206  
     

 

 

 
        1,016,577  
     

 

 

 
          Collateralized - Mortgage Obligations - 0.1%  
    2,235,000    

Natixis Commercial Mortgage Securities Trust 2.51%, 10/15/2036(1)

    2,289,233  
     

 

 

 
          Commercial Mortgage-Backed Securities - 2.1%  
    1,390,000    

BBCMS Mortgage Trust 2.02%, 04/15/2053

    1,433,545  
Shares or Principal Amount   Market Value  
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 20.5% - (continued)  
          Commercial Mortgage-Backed Securities - 2.1% - (continued)  
$     1,255,653    

CF Hippolyta LLC 2.28%, 07/15/2060(1)

  $ 1,261,446  
   

Citigroup Mortgage Loan Trust

 

    1,729,260    

3.25%, 03/25/2061(1)(2)

    1,822,401  
    1,344,150    

3.50%, 02/25/2058(1)(2)

    1,425,766  
    1,635,000    

CSMC Trust 2.26%, 08/15/2037(1)

    1,678,379  
    214,714    

DBUBS Mortgage Trust 0.59%, 11/10/2046(1)(2)(4)

    4  
   

FREMF Mortgage Trust

 

    900,000    

4.02%, 05/25/2045(1)(2)

    935,578  
    3,028,530    

4.15%, 02/25/2046(1)(2)

    3,034,556  
    4,235,000    

GS Mortgage Securities Corp. Trust
2.75%, 02/10/2037(1)

    4,297,839  
    6,830,000    

GS Mortgage Securities Trust
3.12%, 11/10/2045

    7,048,663  
   

JP Morgan Chase Commercial Mortgage Securities Trust

 
    1,547,957    

3.91%, 05/05/2030(1)

    1,227,111  
    895,283    

4.39%, 07/15/2046(1)

    904,639  
    9,500,000    

SG Commercial Mortgage Securities Trust
2.63%, 03/15/2037(1)

    9,749,123  
     

 

 

 
        34,819,050  
     

 

 

 
          Other Asset-Backed Securities - 5.5%  
   

Affirm Asset Securitization Trust

 

    4,850,000    

1.90%, 01/15/2025(1)

    4,849,847  
    1,770,099    

3.46%, 10/15/2024(1)

    1,781,312  
    764,361    

Avant Loans Funding Trust 2.72%, 10/15/2026(1)

    767,540  
    234,444    

Bayview Koitere Fund Trust 4.00%, 11/28/2053(1)(2)

    243,901  
    734,930    

Bayview Mortgage Fund Trust 3.50%, 01/28/2058(1)(2)

    742,276  
   

Bayview Opportunity Master Fund Trust

 

    329,601    

3.50%, 01/28/2055(1)(2)

    335,974  
    589,287    

3.50%, 06/28/2057(1)(2)

    608,760  
    755,693    

4.00%, 10/28/2064(1)(2)

    785,155  
   

Carlyle Global Market Strategies CLO Ltd.

 

    249,672    

1.11%, 01/18/2029, 3 mo. USD LIBOR + 0.890%(1)(3)

    246,509  
    1,495,453    

1.19%, 04/17/2031, 3 mo. USD LIBOR + 0.970%(1)(3)

    1,466,078  
    1,000,000    

1.62%, 04/17/2031, 3 mo. USD LIBOR + 1.400%(1)(3)

    954,313  
    7,000,000    

Chase Auto Credit Linked Notes
0.99%, 01/25/2028(1)

    7,014,239  
    1,502,590    

CSMC Trust 4.13%, 07/25/2058(1)(2)

    1,508,654  
    1,080,000    

Dryden Senior Loan Fund

1.21%, 04/15/2031, 3 mo. USD LIBOR + 0.970%(1)(3)

    1,061,020  
    2,694,401    

Falcon Aerospace Ltd. 3.60%, 09/15/2039(1)

    2,511,162  
    5,875,000    

InSite Issuer LLC 1.50%, 09/15/2050(1)

    5,865,671  
   

Marlette Funding Trust

 

    2,010,247    

2.39%, 12/17/2029(1)

    2,028,309  
    573,287    

2.69%, 09/17/2029(1)

    577,769  
    757,052    

3.13%, 07/16/2029(1)

    764,498  
    406,359    

3.44%, 04/16/2029(1)

    410,086  
   

Mill City Mortgage Loan Trust

 

    387,026    

2.50%, 04/25/2057(1)(2)

    391,078  
    3,864,557    

2.75%, 07/25/2059(1)(2)

    4,007,014  
    1,551,755    

2.75%, 01/25/2061(1)(2)

    1,597,554  
    903,493    

3.25%, 05/25/2062(1)(2)

    936,687  
    1,710,112    

3.49%, 08/25/2058(1)(2)

    1,819,268  
    1,659,636    

3.50%, 05/25/2058(1)(2)

    1,726,298  
    476,828    

Nationstar HECM Loan Trust 2.65%, 06/25/2029(1)(2)

    478,382  
    2,434,531    

New Residential Mortgage LLC 3.79%, 07/25/2054(1)

    2,386,014  
    1,041,453    

NRZ Excess Spread-Collateralized Notes 3.19%, 01/25/2023(1)

    1,044,234  
 

 

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

 

 

  106  

 


The Hartford Short Duration Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 20.5% - (continued)  
          Other Asset-Backed Securities - 5.5% - (continued)  
$     1,848,980    

Sapphire Aviation Finance Ltd.
3.23%, 03/15/2040(1)

  $ 1,688,606  
    17,649    

SoFi Consumer Loan Program LLC
3.28%, 01/26/2026(1)

    17,677  
    921,786    

SoFi Consumer Loan Program Trust
2.02%, 01/25/2029(1)

    931,875  
   

Stack Infrastructure Issuer LLC

 

    3,285,000    

1.89%, 08/25/2045(1)

    3,296,097  
    3,560,000    

3.08%, 10/25/2044(1)

    3,632,236  
   

Towd Point Mortgage Trust

 

    4,415,000    

1.75%, 10/25/2060(1)

    4,498,660  
    565,022    

2.25%, 04/25/2056(1)(2)

    571,660  
    1,120,532    

2.25%, 07/25/2056(1)(2)

    1,138,267  
    167,424    

2.75%, 02/25/2055(1)(2)

    169,805  
    424,887    

2.75%, 04/25/2055(1)(2)

    430,422  
    1,726,664    

2.75%, 10/25/2056(1)(2)

    1,769,769  
    1,088,258    

2.75%, 04/25/2057(1)(2)

    1,117,316  
    740,110    

2.75%, 07/25/2057(1)(2)

    761,524  
    1,136,017    

2.75%, 10/25/2057(1)(2)

    1,172,648  
    1,915,198    

2.90%, 10/25/2059(1)(2)

    2,030,151  
   

Vantage Data Centers Issuer LLC

 

    7,080,000    

1.65%, 09/15/2045(1)

    7,036,025  
    2,544,958    

3.19%, 07/15/2044(1)

    2,650,754  
    1,279,988    

4.20%, 11/16/2043(1)

    1,328,680  
   

Verus Securitization Trust

 

    2,828,627    

1.50%, 05/25/2065(1)

    2,838,743  
    2,021,810    

2.42%, 01/25/2060(1)

    2,054,286  
    2,072,966    

2.64%, 11/25/2059(1)

    2,112,927  
    1,120,651    

3.68%, 06/01/2058(1)(2)

    1,126,176  
     

 

 

 
        91,283,906  
     

 

 

 
          Whole Loan Collateral CMO - 8.9%  
   

Angel Oak Mortgage Trust

 

    4,286,070    

1.47%, 06/25/2065(1)(2)

    4,299,390  
    6,631,316    

1.69%, 04/25/2065(1)(2)

    6,663,576  
    1,211,350    

2.47%, 12/25/2059(1)(2)

    1,221,809  
   

Angel Oak Mortgage Trust LLC

 

    222,995    

2.48%, 07/25/2047(1)(2)

    224,195  
    131,813    

2.71%, 11/25/2047(1)(2)

    131,944  
    9,652    

2.81%, 01/25/2047(1)(2)

    9,645  
    2,866,294    

2.99%, 07/26/2049(1)(2)

    2,900,075  
    1,078,824    

3.92%, 11/25/2048(1)(2)

    1,103,850  
   

Arroyo Mortgage Trust

 

    3,844,558    

2.96%, 10/25/2048(1)(2)

    3,942,739  
    970,571    

3.81%, 01/25/2049(1)(2)

    1,000,612  
    4,302,855    

Bravo Residential Funding Trust
1.45%, 05/25/2060(1)(2)

    4,303,771  
   

Bunker Hill Loan Depositary Trust

 

    2,629,593    

1.72%, 02/25/2055(1)(2)

    2,649,478  
    3,162,743    

2.72%, 11/25/2059(1)

    3,237,057  
    941,012    

3.61%, 10/26/2048(1)

    975,897  
    2,908,709    

3.82%, 10/26/2048(1)

    3,006,276  
    1,911,744    

CIM Trust
3.00%, 04/25/2057(1)(2)

    1,953,133  
    1,270,000    

Colombia Cent CLO Ltd. 1.37%, 10/25/2028, 3 mo. USD LIBOR +
1.150%(1)(3)

    1,259,526  
   

COLT Mortgage Loan Trust

 

    5,452,625    

1.26%, 09/25/2065(1)(2)

    5,452,280  
    4,824,000    

1.33%, 10/26/2065

    4,823,946  
    7,983,570    

1.39%, 01/25/2065(1)(2)

    7,981,191  
    254,152    

1.85%, 03/25/2065(1)(2)

    255,991  
    3,531,405    

2.49%, 02/25/2050(1)(2)

    3,562,033  
    2,144,155    

2.58%, 11/25/2049(1)(2)

    2,169,240  
    482,549    

2.76%, 08/25/2049(1)(2)

    487,663  
    371,498    

3.71%, 03/25/2049(1)(2)

    373,249  
   

CSMC Trust

 

    7,875,000    

1.21%, 05/25/2065(1)

    7,874,758  
Shares or Principal Amount   Market Value  
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 20.5% - (continued)  
          Whole Loan Collateral CMO - 8.9% - (continued)  
$     7,850,000    

2.00%, 01/25/2060(1)

  $ 8,073,497  
    2,293,717    

2.24%, 02/25/2050(1)(2)

    2,321,784  
   

Deephaven Residential Mortgage Trust

 

    2,829,313    

1.69%, 05/25/2065(1)

    2,843,520  
    4,077,172    

2.34%, 01/25/2060(1)(2)

    4,109,792  
    228,716    

2.45%, 06/25/2047(1)(2)

    229,226  
    86,562    

2.73%, 12/26/2046(1)(2)

    86,696  
    3,307,961    

2.79%, 10/25/2059(1)(2)

    3,352,952  
    109,532    

2.81%, 10/25/2047(1)(2)

    110,691  
    589,969    

3.48%, 04/25/2058(1)(2)

    600,808  
    1,240,304    

3.79%, 08/25/2058(1)(2)

    1,244,807  
    4,585,000    

FirstKey Homes Trust 1.27%, 10/19/2037(1)

    4,553,257  
    178,709    

Flagstar Mortgage Trust 4.00%, 09/25/2048(1)(2)

    179,105  
    2,009,214    

Galton Funding Mortgage Trust 2.66%, 10/25/2059(1)(2)

    2,047,662  
   

GCAT Trust

 

    2,469,729    

1.56%, 04/25/2065(1)

    2,468,469  
    3,101,725    

2.25%, 01/25/2060(1)

    3,161,267  
    1,903,887    

2.65%, 10/25/2068(1)(2)

    1,960,186  
    298,894    

Home Re Ltd. 1.75%, 10/25/2028, 1 mo. USD LIBOR + 1.600%(1)(3)

    295,113  
    791,792    

MetLife Securitization Trust 3.00%, 04/25/2055(1)(2)

    834,206  
   

MFA Trust

 

    2,132,645    

1.48%, 08/25/2049(1)(2)

    2,143,463  
    386,828    

2.59%, 02/25/2057(1)(2)

    391,377  
   

New Residential Mortgage Loan Trust

 

    2,425,743    

0.90%, 01/25/2048, 1 mo. USD LIBOR + 0.750%(1)(3)

    2,420,379  
    2,755,334    

1.65%, 05/24/2060(1)(2)

    2,767,975  
    3,353,149    

2.46%, 01/26/2060(1)(2)

    3,404,853  
    471,873    

3.25%, 09/25/2056(1)(2)

    500,951  
    800,273    

3.50%, 12/25/2057(1)(2)

    843,947  
    467,451    

3.75%, 11/26/2035(1)(2)

    504,112  
    323,783    

3.75%, 03/25/2056(1)(2)

    346,675  
    529,178    

3.75%, 11/25/2056(1)(2)

    567,966  
    950,232    

4.00%, 02/25/2057(1)(2)

    1,027,832  
    950,269    

4.00%, 03/25/2057(1)(2)

    1,023,595  
    661,261    

4.00%, 04/25/2057(1)(2)

    713,260  
    927,809    

4.00%, 05/25/2057(1)(2)

    1,011,961  
    1,638,168    

4.00%, 09/25/2057(1)(2)

    1,792,884  
    750,202    

4.00%, 12/25/2057(1)(2)

    808,971  
    2,235,759    

NRZ Excess Spread-Collateralized Notes
3.61%, 05/25/2023(1)

    2,235,810  
    OBX Trust  
    3,055,074    

3.50%, 12/25/2049(1)(2)

    3,163,834  
    519,664    

4.00%, 11/25/2048(1)(2)

    520,870  
    2,199,413    

PSMC Trust 3.50%, 10/25/2049(1)(2)

    2,226,780  
    286,265    

Radnor RE Ltd. 1.35%, 06/25/2029, 1 mo. USD LIBOR + 1.200%(1)(3)

    286,111  
   

Sequoia Mortgage Trust

 

    2,574,284    

3.50%, 11/25/2049(1)(2)

    2,630,181  
    28,303    

4.00%, 09/25/2048(1)(2)

    28,281  
    1,029,648    

4.50%, 08/25/2048(1)(2)

    1,077,763  
    599,445    

Spruce Hill Mortgage Loan Trust
3.40%, 04/29/2049(1)(2)

    605,095  
   

Starwood Mortgage Residential Trust

 

    1,586,182    

1.49%, 04/25/2065(1)(2)

    1,590,232  
    3,184,566    

2.28%, 02/25/2050(1)(2)

    3,240,752  
    4,929    

Wells Fargo Mortgage Backed Securities Trust
4.00%, 04/25/2049(1)(2)

    4,921  
   

 

 

 
        148,217,193  
   

 

 

 
   

Total Asset & Commercial Mortgage-Backed Securities
(cost $339,234,851)

  $ 340,968,821  
   

 

 

 
 

 

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

 

 

  107  

 


The Hartford Short Duration Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 53.8%      
      Aerospace/Defense - 0.5%  
$     365,000    

BAE Systems Holdings, Inc.
2.85%, 12/15/2020(1)

  $ 365,673  
    4,000,000    

Boeing Co. 4.51%, 05/01/2023

    4,237,422  
   

L3Harris Technologies, Inc.

 

    1,475,000    

3.83%, 04/27/2025

    1,643,738  
    2,275,000    

3.85%, 06/15/2023

    2,456,613  
    164,000    

United Technologies Corp. 3.65%, 08/16/2023

    177,179  
 

 

 

 
        8,880,625  
 

 

 

 
      Agriculture - 0.3%  
    5,000,000    

BAT Capital Corp. 2.79%, 09/06/2024

    5,278,695  
 

 

 

 
          Apparel - 0.4%  
    2,520,000    

PVH Corp. 4.63%, 07/10/2025

    2,658,603  
    4,000,000    

VF Corp. 2.40%, 04/23/2025

    4,249,930  
 

 

 

 
        6,908,533  
 

 

 

 
      Auto Manufacturers - 2.3%  
    2,000,000    

Daimler Finance North America LLC
2.00%, 07/06/2021(1)

    2,019,302  
   

Ford Motor Credit Co. LLC

 

    3,125,000    

3.35%, 11/01/2022

    3,113,281  
    2,800,000    

4.06%, 11/01/2024

    2,807,840  
   

General Motors Financial Co., Inc.

 

    1,500,000    

1.70%, 08/18/2023

    1,512,840  
    2,850,000    

2.90%, 02/26/2025

    2,959,886  
    2,500,000    

3.15%, 06/30/2022

    2,571,615  
    2,500,000    

3.20%, 07/06/2021

    2,533,680  
    2,500,000    

4.20%, 11/06/2021

    2,575,786  
    2,500,000    

Harley-Davidson Financial Services, Inc.
2.85%, 01/15/2021(1)

    2,506,057  
   

Hyundai Capital America

 

    2,500,000    

2.38%, 02/10/2023(1)

    2,570,404  
    1,825,000    

4.13%, 06/08/2023(1)

    1,960,422  
    1,250,000    

Nissan Motor Acceptance Corp.
2.55%, 03/08/2021(1)

    1,255,188  
    2,500,000    

Nissan Motor Co., Ltd. 3.04%, 09/15/2023(1)

    2,537,019  
   

Volkswagen Group of America Finance LLC

 

    1,800,000    

2.85%, 09/26/2024(1)

    1,909,424  
    2,000,000    

3.13%, 05/12/2023(1)

    2,114,458  
    3,025,000    

4.25%, 11/13/2023(1)

    3,325,364  
 

 

 

 
        38,272,566  
 

 

 

 
      Beverages - 0.3%  
    1,700,000    

Anheuser-Busch InBev Worldwide, Inc.
4.15%, 01/23/2025

    1,928,240  
   

Constellation Brands, Inc.

 

    2,435,000    

2.65%, 11/07/2022

    2,532,918  
    340,000    

2.70%, 05/09/2022

    350,286  
    625,000    

Molson Coors Brewing Co. 2.10%, 07/15/2021

    631,483  
 

 

 

 
        5,442,927  
 

 

 

 
          Biotechnology - 0.6%  
    3,150,000    

Gilead Sciences, Inc. 0.75%, 09/29/2023

    3,157,422  
    6,200,000    

Royalty Pharma plc 1.20%, 09/02/2025(1)

    6,168,602  
 

 

 

 
        9,326,024  
 

 

 

 
          Chemicals - 1.0%  
   

Celanese U.S. Holdings LLC

 

    915,000    

3.50%, 05/08/2024

    984,556  
    3,225,000    

4.63%, 11/15/2022

    3,476,999  
    3,600,000    

DuPont de Nemours, Inc. 4.21%, 11/15/2023

    3,959,034  
    2,500,000    

Eastman Chemical Co. 3.50%, 12/01/2021

    2,574,544  
    1,825,000    

LYB International Finance LLC
1.25%, 10/01/2025

    1,829,637  
   

Nutrition & Biosciences, Inc.

 

    2,110,000    

0.70%, 09/15/2022(1)

    2,115,837  
    2,350,000    

1.23%, 10/01/2025(1)

    2,353,171  
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 53.8% - (continued)      
          Chemicals - 1.0% - (continued)  
$     48,000    

Sherwin-Williams Co. 2.75%, 06/01/2022

  $ 49,564  
 

 

 

 
        17,343,342  
 

 

 

 
          Commercial Banks - 15.5%  
   

Banco Santander S.A.

 

    1,600,000    

3.13%, 02/23/2023

    1,677,883  
    1,200,000    

3.50%, 04/11/2022

    1,247,556  
    600,000    

3.85%, 04/12/2023

    641,356  
   

Bank of America Corp.

 

    4,700,000    

0.98%, 09/25/2025, (0.98% fixed rate until 09/25/2024; 3 mo. USD SOFR + 0.910% thereafter)(5)

    4,695,319  
    6,000,000    

1.20%, 10/24/2026, (1.20% fixed rate until 10/24/2025; 3 mo. USD SOFR + 1.010% thereafter)(5)

    6,005,460  
    2,500,000    

1.32%, 06/19/2026, (1.32% fixed rate until 06/19/2025; 3 mo. USD SOFR + 1.150% thereafter)(5)

    2,512,538  
    2,000,000    

1.49%, 05/19/2024, (1.49% fixed rate until 05/19/2023; 3 mo. USD SOFR + 1.460% thereafter)(5)

    2,040,840  
    5,125,000    

2.02%, 02/13/2026, (2.02% fixed rate until 02/13/2025; 3 mo. USD LIBOR + 0.640% thereafter)(5)

    5,306,074  
    1,500,000    

2.74%, 01/23/2022, (2.74% fixed rate until 01/23/2021; 3 mo. USD LIBOR + 0.370% thereafter)(5)

    1,507,808  
    3,750,000    

3.88%, 08/01/2025

    4,241,503  
    1,500,000    

Banque Federative du Credit Mutuel S.A.
2.70%, 07/20/2022(1)

    1,555,260  
    1,775,000    

Barclays plc 4.61%, 02/15/2023, (4.61% fixed rate until 02/15/2022; 3 mo. USD LIBOR + 1.400% thereafter)(5)

    1,859,190  
   

BNP Paribas S.A.

 

    580,000    

2.95%, 05/23/2022(1)

    601,596  
    750,000    

3.50%, 03/01/2023(1)

    797,235  
   

BPCE S.A.

 

    4,860,000    

1.65%, 10/06/2026, (1.65% fixed rate until 10/06/2025; 3 mo. USD SOFR + 1.520% thereafter)(1)(5)

    4,891,172  
    3,000,000    

2.38%, 01/14/2025(1)

    3,134,375  
    1,750,000    

2.75%, 01/11/2023(1)

    1,833,877  
    300,000    

3.00%, 05/22/2022(1)

    310,631  
    1,500,000    

4.00%, 09/12/2023(1)

    1,629,597  
   

Canadian Imperial Bank of Commerce

 

    1,250,000    

2.61%, 07/22/2023, (2.61% fixed rate until 07/22/2022; 3 mo. USD LIBOR + 0.785% thereafter)(5)

    1,294,477  
    4,500,000    

3.10%, 04/02/2024

    4,853,599  
   

Capital One Financial Corp.

 

    1,250,000    

3.05%, 03/09/2022

    1,290,828  
    1,750,000    

3.45%, 04/30/2021

    1,772,529  
    1,755,000    

3.90%, 01/29/2024

    1,914,211  
   

CIT Group, Inc.

 

    2,500,000    

4.13%, 03/09/2021

    2,515,625  
    1,620,000    

5.00%, 08/15/2022

    1,711,125  
    3,980,000    

5.00%, 08/01/2023

    4,288,450  
   

Citigroup, Inc.

 

    5,000,000    

0.78%, 10/30/2024, (0.78% fixed rate until 10/30/2023; 3 mo. USD SOFR + 0.686% thereafter)(5)

    4,997,258  
    3,000,000    

2.31%, 11/04/2022, (2.31% fixed rate until 11/04/2021; 3 mo. USD SOFR + 0.867% thereafter)(5)

    3,054,237  
    4,500,000    

2.90%, 12/08/2021

    4,614,740  
 

 

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

 

 

  108  

 


The Hartford Short Duration Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 53.8% - (continued)      
          Commercial Banks - 15.5% - (continued)  
   

Citizens Bank NA

 

$     770,000    

2.55%, 05/13/2021

  $ 777,682  
    4,500,000    

2.65%, 05/26/2022

    4,644,221  
    665,000    

Citizens Financial Group, Inc.
2.38%, 07/28/2021

    673,530  
    3,550,000    

Comerica, Inc. 3.70%, 07/31/2023

    3,830,677  
    4,000,000    

Cooperatieve Rabobank UA 1.00%, 09/24/2026, (1.00% fixed rate until 09/24/2025; 12 mo. USD CMT + 0.730% thereafter)(1)(3)(5)

    3,969,526  
   

Credit Agricole S.A.

 

    2,794,000    

1.91%, 06/16/2026, (1.91% fixed rate until 06/16/2025; 3 mo. USD SOFR + 1.676% thereafter)(1)(5)

    2,862,081  
    735,000    

3.75%, 04/24/2023(1)

    789,830  
   

Credit Suisse Group AG

 

    3,420,000    

2.59%, 09/11/2025, (2.59% fixed rate until 09/11/2024; 3 mo. USD SOFR + 1.560% thereafter)(1)(5)

    3,584,761  
    2,001,000    

3.57%, 01/09/2023(1)

    2,067,157  
   

Danske Bank A/S

 

    3,000,000    

1.17%, 12/08/2023, (1.17% fixed rate until 12/08/2022; 12 mo. USD CMT + 1.030% thereafter)(1)(3)(5)

    3,004,442  
    1,250,000    

2.70%, 03/02/2022(1)

    1,286,278  
    5,510,000    

5.00%, 01/12/2022(1)

    5,769,907  
    3,000,000    

Deutsche Bank AG 2.22%, 09/18/2024, (2.22% fixed rate until 09/18/2023; 3 mo. USD SOFR + 2.159% thereafter)(5)

    3,030,230  
    2,425,000    

Discover Bank 2.45%, 09/12/2024

    2,550,688  
    3,000,000    

DNB Bank ASA 2.15%, 12/02/2022(1)

    3,104,722  
   

Fifth Third Bancorp

 

    2,430,000    

2.38%, 01/28/2025

    2,564,170  
    1,750,000    

2.60%, 06/15/2022

    1,807,992  
    2,000,000    

3.65%, 01/25/2024

    2,178,166  
   

Goldman Sachs Group, Inc.

 

    1,225,000    

2.35%, 11/15/2021

    1,225,811  
    660,000    

2.63%, 04/25/2021

    666,019  
    4,000,000    

3.00%, 04/26/2022

    4,049,280  
    1,500,000    

3.20%, 02/23/2023

    1,587,319  
    2,500,000    

3.63%, 02/20/2024

    2,715,382  
   

HSBC Holdings plc

 

    3,500,000    

2.63%, 11/07/2025, (2.63% fixed rate until 11/07/2024; 3 mo. USD LIBOR + 1.140% thereafter)(5)

    3,667,457  
    2,135,000    

3.26%, 03/13/2023, (3.26% fixed rate until 03/13/2022; 3 mo. USD LIBOR + 1.055% thereafter)(5)

    2,207,007  
   

Huntington Bancshares, Inc.

 

    2,000,000    

2.30%, 01/14/2022

    2,042,518  
    1,700,000    

3.15%, 03/14/2021

    1,713,777  
   

ING Groep N.V.

 

    705,000    

3.15%, 03/29/2022

    732,395  
    2,000,000    

4.10%, 10/02/2023

    2,195,680  
   

Intesa Sanpaolo S.p.A.

 

    1,955,000    

3.13%, 07/14/2022(1)

    2,012,748  
    2,000,000    

3.25%, 09/23/2024(1)

    2,108,789  
    1,675,000    

3.38%, 01/12/2023(1)

    1,743,013  
    750,000    

6.50%, 02/24/2021(1)

    762,758  
   

JP Morgan Chase & Co.

 

    3,000,000    

1.51%, 06/01/2024, (1.51% fixed rate until 06/01/2023; 3 mo. USD SOFR + 1.455% thereafter)(5)

    3,065,052  
    4,600,000    

2.30%, 10/15/2025, (2.30% fixed rate until 10/15/2024; 3 mo. USD SOFR + 1.160% thereafter)(5)

    4,836,950  
    3,750,000    

3.90%, 07/15/2025

    4,241,176  
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 53.8% - (continued)      
          Commercial Banks - 15.5% - (continued)  
$     4,100,000    

Macquarie Bank Ltd. 2.10%, 10/17/2022(1)

  $ 4,226,836  
    3,000,000    

Macquarie Group Ltd. 3.19%, 11/28/2023, (3.19% fixed rate until 11/28/2022; 3 mo. USD LIBOR + 1.023% thereafter)(1)(5)

    3,132,475  
    1,045,000    

Manufacturers & Traders Trust Co.

1.37%, 12/28/2020, 1 mo. USD LIBOR + 1.215%(3)

    1,045,323  
    3,580,000    

Mitsubishi UFJ Financial Group, Inc.
2.62%, 07/18/2022

    3,711,596  
    2,000,000    

Mizuho Financial Group, Inc. 2.72%, 07/16/2023, (2.72% fixed rate until 07/16/2022; 3 mo. USD LIBOR + 0.840% thereafter)(5)

    2,070,399  
   

Morgan Stanley

 

    2,000,000    

0.79%, 01/20/2023, 3 mo. USD SOFR + 0.700%(3)

    2,005,576  
    8,615,000    

0.86%, 10/21/2025, (0.86% fixed rate until 10/21/2024; 3 mo. USD SOFR + 0.745% thereafter)(5)

    8,603,674  
    2,675,000    

4.00%, 07/23/2025

    3,040,040  
    4,125,000    

NatWest Markets plc 3.63%, 09/29/2022(1)

    4,341,527  
   

Regions Financial Corp.

 

    1,500,000    

2.25%, 05/18/2025

    1,586,366  
    2,500,000    

2.75%, 08/14/2022

    2,596,675  
    1,500,000    

3.80%, 08/14/2023

    1,631,153  
    3,900,000    

Royal Bank of Canada 2.25%, 11/01/2024

    4,124,776  
   

Santander Holdings USA, Inc.

 

    3,035,000    

3.45%, 06/02/2025

    3,268,245  
    3,530,000    

3.70%, 03/28/2022

    3,658,427  
    2,670,000    

Santander UK plc 2.10%, 01/13/2023

    2,756,022  
   

Standard Chartered plc

 

    3,655,000    

2.74%, 09/10/2022, (2.74% fixed rate until 09/10/2021; 3 mo. USD LIBOR + 1.200% thereafter)(1)(5)

    3,710,283  
    3,400,000    

4.25%, 01/20/2023, (4.25% fixed rate until 01/20/2022; 3 mo. USD LIBOR + 1.150% thereafter)(1)(5)

    3,526,741  
    1,800,000    

Swedbank AB 0.60%, 09/25/2023(1)

    1,797,210  
   

Truist Financial Corp.

 

    2,000,000    

1.20%, 08/05/2025(6)

    2,037,809  
    895,000    

2.90%, 03/03/2021

    901,038  
    1,750,000    

3.05%, 06/20/2022

    1,822,253  
    4,230,000    

UBS Group AG 1.01%, 07/30/2024, (1.01% fixed rate until 07/30/2023; 12 mo. USD CMT + 0.830% thereafter)(1)(3)(5)

    4,245,774  
   

UniCredit S.p.A.

 

    3,250,000    

3.75%, 04/12/2022(1)(6)

    3,363,270  
    3,035,000    

6.57%, 01/14/2022(1)

    3,211,244  
   

Wells Fargo & Co.

 

    7,500,000    

2.16%, 02/11/2026, (2.16% fixed rate until 02/11/2025; 3 mo. USD LIBOR + 0.750% thereafter)(5)

    7,792,535  
    4,650,000    

2.41%, 10/30/2025, (2.41% fixed rate until 10/30/2024; 3 mo. USD LIBOR + 0.825% thereafter)(5)

    4,904,897  
     

 

 

 
        257,977,704  
     

 

 

 
          Commercial Services - 1.0%  
   

Equifax, Inc.

 

    3,365,000    

2.60%, 12/01/2024

    3,580,700  
    1,035,000    

3.30%, 12/15/2022

    1,085,573  
    2,555,000    

3.95%, 06/15/2023

    2,760,305  
   

Global Payments, Inc.

 

    2,345,000    

2.65%, 02/15/2025

    2,481,226  
    1,500,000    

3.80%, 04/01/2021

    1,517,332  
    1,500,000    

4.00%, 06/01/2023

    1,620,943  
 

 

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

 

 

  109  

 


The Hartford Short Duration Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 53.8% - (continued)      
          Commercial Services - 1.0% - (continued)  
$     2,750,000    

IHS Markit Ltd. 4.13%, 08/01/2023

  $ 2,988,590  
     

 

 

 
        16,034,669  
     

 

 

 
          Construction Materials - 0.4%  
    3,600,000    

Carrier Global Corp. 2.24%, 02/15/2025(1)

    3,754,389  
    2,380,000    

Lennox International, Inc. 1.35%, 08/01/2025

    2,407,458  
     

 

 

 
        6,161,847  
     

 

 

 
          Diversified Financial Services - 2.8%  
   

AerCap Ireland Capital DAC / AerCap Global Aviation Trust

 

    2,000,000    

3.15%, 02/15/2024

    1,982,625  
    910,000    

3.30%, 01/23/2023

    917,858  
    1,880,000    

4.50%, 09/15/2023

    1,952,391  
   

Air Lease Corp.

 

    2,500,000    

2.25%, 01/15/2023

    2,513,767  
    2,700,000    

2.63%, 07/01/2022

    2,738,240  
   

Aircastle Ltd.

 

    1,200,000    

4.13%, 05/01/2024

    1,184,842  
    1,400,000    

4.40%, 09/25/2023

    1,409,395  
    3,075,000    

5.13%, 03/15/2021

    3,116,065  
    3,050,000    

5.25%, 08/11/2025(1)

    3,026,715  
    2,690,000    

Ally Financial, Inc. 3.88%, 05/21/2024

    2,892,959  
    4,250,000    

Avolon Holdings Funding Ltd.
2.88%, 02/15/2025(1)

    4,005,635  
    2,500,000    

CNA Financial Corp. 7.25%, 11/15/2023(6)

    2,942,147  
    1,660,000    

Intercontinental Exchange, Inc.
0.70%, 06/15/2023

    1,670,439  
    4,125,000    

LeasePlan Corp. N.V. 2.88%, 10/24/2024(1)

    4,259,203  
    1,875,124    

Marlette Funding Trust 1.02%, 09/16/2030(1)

    1,878,446  
    1,800,000    

Societe Generale S.A. 3.25%, 01/12/2022(1)

    1,850,710  
   

Synchrony Financial

 

    2,135,000    

2.85%, 07/25/2022

    2,202,538  
    1,245,000    

4.38%, 03/19/2024

    1,362,131  
    4,925,000    

Western Union Co. 2.85%, 01/10/2025

    5,197,362  
     

 

 

 
        47,103,468  
     

 

 

 
          Electric - 2.8%  
    2,500,000    

AEP Texas, Inc. 2.40%, 10/01/2022

    2,585,969  
    2,500,000    

Ameren Corp. 2.50%, 09/15/2024

    2,655,678  
    3,400,000    

CenterPoint Energy, Inc. 3.85%, 02/01/2024

    3,726,115  
    2,280,000    

Cleco Corporate Holdings LLC
3.74%, 05/01/2026

    2,408,880  
    2,475,000    

Dominion Energy, Inc. 3.07%, 08/15/2024(3)

    2,672,404  
   

Edison International

 

    2,000,000    

2.40%, 09/15/2022(6)

    2,030,021  
    2,750,000    

2.95%, 03/15/2023

    2,836,415  
    1,840,000    

3.55%, 11/15/2024

    1,942,401  
    395,000    

Emera U.S. Finance L.P. 2.70%, 06/15/2021

    399,679  
   

Enel Finance International N.V.

 

    3,150,000    

2.88%, 05/25/2022(1)

    3,248,532  
    1,500,000    

4.25%, 09/14/2023(1)

    1,640,707  
    3,760,000    

Evergy, Inc. 2.45%, 09/15/2024

    3,984,866  
   

Eversource Energy

 

    1,055,000    

2.50%, 03/15/2021

    1,061,375  
    890,000    

3.80%, 12/01/2023

    974,374  
    970,000    

FirstEnergy Corp. 2.85%, 07/15/2022

    995,541  
   

Israel Electric Corp. Ltd.

 

    1,300,000    

6.88%, 06/21/2023(1)

    1,485,250  
    410,000    

6.88%, 06/21/2023(7)

    468,425  
    1,850,000    

ITC Holdings Corp. 2.70%, 11/15/2022

    1,928,873  
   

Public Service Enterprise Group, Inc.

 

    3,500,000    

0.80%, 08/15/2025

    3,484,956  
    3,410,000    

2.88%, 06/15/2024

    3,665,231  
    3,000,000    

Southern Co. 2.35%, 07/01/2021

    3,033,985  
     

 

 

 
        47,229,677  
     

 

 

 
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 53.8% - (continued)      
          Electronics - 0.8%  
$     4,850,000    

Flex Ltd. 3.75%, 02/01/2026

  $ 5,307,153  
    850,000    

Fortive Corp. 2.35%, 06/15/2021

    858,371  
    870,000    

Keysight Technologies Inc. 4.55%, 10/30/2024

    981,717  
    5,325,000    

Roper Technologies, Inc. 1.00%, 09/15/2025

    5,358,130  
     

 

 

 
        12,505,371  
     

 

 

 
          Food - 0.9%  
   

Conagra Brands, Inc.

 

    1,200,000    

3.25%, 09/15/2022

    1,264,175  
    2,000,000    

4.30%, 05/01/2024

    2,226,546  
    4,000,000    

Danone S.A. 2.08%, 11/02/2021(1)

    4,052,456  
    2,500,000    

Mondelez International Holdings Netherlands B.V. 2.00%, 10/28/2021(1)

    2,536,140  
    1,850,000    

Sysco Corp. 5.65%, 04/01/2025

    2,180,831  
    2,000,000    

Tyson Foods, Inc. 4.50%, 06/15/2022

    2,109,418  
     

 

 

 
        14,369,566  
     

 

 

 
          Gas - 0.4%  
    975,000    

East Ohio Gas Co. 1.30%, 06/15/2025(1)

    992,993  
    6,180,000    

NiSource, Inc. 0.95%, 08/15/2025

    6,160,330  
     

 

 

 
        7,153,323  
     

 

 

 
          Healthcare-Products - 0.3%  
    2,260,000    

Boston Scientific Corp. 3.45%, 03/01/2024

    2,441,942  
    2,870,000    

Zimmer Biomet Holdings, Inc.
3.05%, 01/15/2026

    3,122,405  
     

 

 

 
        5,564,347  
     

 

 

 
          Healthcare-Services - 1.6%  
   

Anthem, Inc.

 

    2,720,000    

2.38%, 01/15/2025

    2,885,128  
    1,500,000    

2.95%, 12/01/2022

    1,571,653  
    1,960,000    

Bon Secours Mercy Health, Inc.
1.35%, 06/01/2025

    1,967,251  
   

CommonSpirit Health

 

    2,985,000    

1.55%, 10/01/2025

    2,992,861  
    3,771,000    

2.76%, 10/01/2024

    3,951,722  
    2,000,000    

HCA, Inc. 4.75%, 05/01/2023

    2,182,566  
   

Howard University

 

    1,965,000    

2.42%, 10/01/2024

    1,996,983  
    655,000    

2.52%, 10/01/2025

    666,240  
    1,685,000    

2.74%, 10/01/2022

    1,707,390  
    1,905,000    

PeaceHealth Obligated Group
1.38%, 11/15/2025

    1,926,914  
   

UnitedHealth Group, Inc.

 

    1,590,000    

1.25%, 01/15/2026

    1,622,087  
    3,300,000    

3.50%, 02/15/2024

    3,605,147  
     

 

 

 
        27,075,942  
     

 

 

 
          Home Builders - 0.1%  
    2,000,000    

Toll Brothers Finance Corp. 5.88%, 02/15/2022

    2,080,000  
     

 

 

 
          Household Products/Wares - 0.2%  
    2,515,000    

Church & Dwight Co., Inc. 2.88%,
10/01/2022(6)

    2,630,114  
     

 

 

 
          Insurance - 1.6%  
    3,000,000    

American International Group, Inc.
2.50%, 06/30/2025

    3,216,211  
    565,000    

Aon Corp. 2.20%, 11/15/2022

    584,863  
    1,250,000    

Assurant, Inc. 4.20%, 09/27/2023

    1,352,681  
    2,020,000    

Equitable Financial Life Global Funding
1.40%, 07/07/2025(1)

    2,066,107  
    785,000    

Equitable Holdings, Inc. 3.90%, 04/20/2023

    844,322  
    3,250,000    

Liberty Mutual Group, Inc. 4.95%,
05/01/2022(1)

    3,460,226  
    2,315,000    

Marsh & McLennan Cos., Inc.
3.88%, 03/15/2024

    2,553,485  
    4,735,000    

Pacific Life Global Funding 1.20%, 06/24/2025(1)

    4,783,517  
    785,000    

Principal Life Global Funding
1.25%, 06/23/2025(1)

    798,183  
 

 

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

 

 

  110  

 


The Hartford Short Duration Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 53.8% - (continued)      
          Insurance - 1.6% - (continued)  
$     705,000    

Trinity Acquisition plc 3.50%, 09/15/2021

  $ 720,980  
    3,485,000    

Unum Group 4.50%, 03/15/2025

    3,875,467  
    2,250,000    

Willis North America, Inc. 3.60%, 05/15/2024

    2,454,989  
     

 

 

 
        26,711,031  
     

 

 

 
          Internet - 0.5%  
    1,535,000    

Meituan 2.13%, 10/28/2025(1)

    1,536,501  
    2,000,000    

Netflix, Inc. 5.50%, 02/15/2022

    2,101,250  
    3,630,000    

Tencent Holdings Ltd. 2.99%, 01/19/2023(1)

    3,780,355  
     

 

 

 
        7,418,106  
     

 

 

 
          Investment Company Security - 0.0%  
    482,365    

FinCo LLC 2.64%, 06/27/2025, 1 mo. USD LIBOR

    473,022  
     

 

 

 
          Iron/Steel - 0.5%  
   

Steel Dynamics, Inc.

 

    395,000    

2.40%, 06/15/2025

    414,481  
    7,000,000    

2.80%, 12/15/2024

    7,427,531  
     

 

 

 
        7,842,012  
     

 

 

 
          IT Services - 1.5%  
   

Hewlett Packard Enterprise Co.

 

    4,550,000    

2.25%, 04/01/2023

    4,708,359  
    1,250,000    

3.50%, 10/05/2021

    1,282,906  
    4,000,000    

HP, Inc. 2.20%, 06/17/2025

    4,187,079  
    5,775,000    

IBM Corp. 3.00%, 05/15/2024

    6,242,557  
    3,850,000    

Leidos, Inc. 2.95%, 05/15/2023(1)

    4,045,495  
   

Seagate HDD Cayman

 

    3,150,000    

4.75%, 06/01/2023

    3,401,490  
    700,000    

4.88%, 03/01/2024(6)

    766,537  
     

 

 

 
        24,634,423  
     

 

 

 
          Lodging - 0.8%  
    5,090,000    

Las Vegas Sands Corp. 3.20%, 08/08/2024

    5,148,364  
   

Marriott International, Inc.

 

    1,565,000    

2.13%, 10/03/2022

    1,571,538  
    1,500,000    

2.30%, 01/15/2022

    1,517,978  
    2,500,000    

3.60%, 04/15/2024

    2,577,626  
    2,300,000    

MGM Resorts International 6.00%, 03/15/2023

    2,386,250  
     

 

 

 
        13,201,756  
     

 

 

 
          Machinery-Diversified - 0.6%  
   

CNH Industrial Capital LLC

 

    2,000,000    

4.38%, 11/06/2020

    2,000,001  
    995,000    

4.38%, 04/05/2022

    1,043,686  
    1,850,000    

Otis Worldwide Corp. 2.06%, 04/05/2025

    1,942,850  
   

Roper Technologies, Inc.

 

    3,225,000    

2.35%, 09/15/2024

    3,408,021  
    1,500,000    

3.65%, 09/15/2023

    1,624,296  
     

 

 

 
        10,018,854  
     

 

 

 
          Media - 1.4%  
    2,500,000    

Charter Communications Operating LLC / Charter Communications Operating Capital 4.46%, 07/23/2022

    2,649,206  
    3,185,000    

Comcast Corp. 3.70%, 04/15/2024

    3,507,885  
   

Cox Communications, Inc.

 

    905,000    

2.95%, 06/30/2023(1)

    949,918  
    5,157,000    

3.15%, 08/15/2024(1)

    5,556,268  
    3,000,000    

3.25%, 12/15/2022(1)

    3,158,800  
   

Fox Corp.

 

    550,000    

3.67%, 01/25/2022

    571,773  
    735,000    

4.03%, 01/25/2024

    806,310  
   

ViacomCBS, Inc.

 

    815,000    

2.90%, 06/01/2023

    853,640  
    2,900,000    

3.25%, 03/15/2023

    3,005,988  
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 53.8% - (continued)      
          Media - 1.4% - (continued)  
$     2,675,000    

Videotron Ltd. 5.00%, 07/15/2022

  $ 2,802,330  
     

 

 

 
        23,862,118  
     

 

 

 
          Mining - 0.1%  
    561,000    

Anglo American Capital plc 4.13%, 04/15/2021(1)

    570,333  
    320,000    

Glencore Funding LLC 3.00%,
10/27/2022(1)

    331,072  
     

 

 

 
        901,405  
     

 

 

 
          Miscellaneous Manufacturing - 0.1%  
    1,480,000    

Parker-Hannifin Corp. 2.70%, 06/14/2024

    1,582,376  
     

 

 

 
      Office/Business Equipment - 0.1%  
    1,528,000    

Xerox Corp. 4.50%, 05/15/2021

    1,550,920  
     

 

 

 
      Oil & Gas - 2.5%  
 

Aker BP ASA

 

    2,000,000    

2.88%, 01/15/2026(1)

    1,979,971  
    5,845,000    

3.00%, 01/15/2025(1)

    5,838,488  
    3,075,000    

4.75%, 06/15/2024(1)

    3,159,338  
 

Canadian Natural Resources Ltd.

 

    1,250,000    

2.05%, 07/15/2025

    1,266,275  
    875,000    

2.95%, 01/15/2023

    907,070  
    2,795,000    

Cimarex Energy Co. 4.38%, 06/01/2024

    2,984,032  
    3,400,000    

Eni S.p.A. 4.00%, 09/12/2023(1)(6)

    3,676,126  
    3,000,000    

Marathon Petroleum Corp. 4.50%, 05/01/2023

    3,228,475  
    3,000,000    

Noble Energy, Inc. 3.90%, 11/15/2024

    3,314,735  
    5,050,000    

Occidental Petroleum Corp. 2.70%, 08/15/2022

    4,669,988  
EUR     2,535,000    

Petroleos Mexicanos 3.13%,
11/27/2020(7)

    2,945,875  
 

Valero Energy Corp.

 

$     3,500,000    

2.70%, 04/15/2023

    3,601,375  
    4,360,000    

2.85%, 04/15/2025

    4,466,388  
     

 

 

 
    42,038,136  
     

 

 

 
      Pharmaceuticals - 2.0%  
 

AbbVie, Inc.

 

    1,250,000    

2.30%, 05/14/2021

    1,260,795  
    5,000,000    

2.60%, 11/21/2024(1)

    5,317,725  
    5,000,000    

AstraZeneca plc 0.70%, 04/08/2026

    4,924,613  
 

Bayer U.S. Finance LLC

 

    2,000,000    

3.50%, 06/25/2021(1)

    2,034,454  
    1,400,000    

3.88%, 12/15/2023(1)

    1,524,432  
    2,081,000    

Cigna Corp. 3.75%, 07/15/2023

    2,251,320  
    1,060,000    

CVS Health Corp. 2.63%, 08/15/2024

    1,130,623  
 

Elanco Animal Health, Inc.

 

    4,075,000    

4.91%, 08/27/2021

    4,166,687  
    2,560,000    

5.27%, 08/28/2023

    2,767,462  
    95,000    

Mylan N.V. 3.75%, 12/15/2020

    95,117  
    4,850,000    

Teva Pharmaceutical Finance Netherlands B.V.
2.20%, 07/21/2021

    4,774,413  
 

Upjohn, Inc.

 

    2,000,000    

1.13%, 06/22/2022(1)

    2,017,976  
    755,000    

1.65%, 06/22/2025(1)

    770,899  
     

 

 

 
    33,036,516  
     

 

 

 
      Pipelines - 2.7%  
 

Energy Transfer Operating L.P.

 

    1,870,000    

2.90%, 05/15/2025

    1,881,747  
    1,130,000    

4.20%, 09/15/2023

    1,190,838  
    2,150,000    

4.50%, 04/15/2024

    2,281,495  
    1,700,000    

Enterprise Products Operating LLC
2.85%, 04/15/2021

    1,714,952  
    2,775,000    

EQM Midstream Partners L.P.
4.75%, 07/15/2023

    2,760,305  
    7,500,000    

Gray Oak Pipeline LLC 2.00%, 09/15/2023(1)

    7,522,552  
 

Kinder Morgan Energy Partners L.P.

 

    850,000    

4.15%, 03/01/2022

    887,837  
    750,000    

4.25%, 09/01/2024

    827,873  
 

 

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

 

 

  111  

 


The Hartford Short Duration Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 53.8% - (continued)      
      Pipelines - 2.7% - (continued)  
   

MPLX L.P.

 
$     2,160,000    

1.75%, 03/01/2026

  $ 2,148,080  
    240,000    

3.50%, 12/01/2022

    251,083  
    1,575,000    

ONEOK, Inc. 5.85%, 01/15/2026

    1,791,068  
    5,200,000    

Phillips 66 Partners L.P. 2.45%,
12/15/2024(6)

    5,386,400  
    2,050,000    

Sunoco Logistics Partners Operations L.P.
4.40%, 04/01/2021

    2,075,097  
   

Western Midstream Operating L.P.

 
    750,000    

4.00%, 07/01/2022

    750,000  
    5,725,000    

4.10%, 02/01/2025

    5,393,637  
   

Williams Cos., Inc.

 
    3,000,000    

3.60%, 03/15/2022

    3,101,666  
    4,500,000    

4.30%, 03/04/2024

    4,903,870  
     

 

 

 
        44,868,500  
     

 

 

 
          Real Estate Investment Trusts - 3.0%  
   

American Tower Corp.

 
    905,000    

1.30%, 09/15/2025

    912,516  
    1,750,000    

3.00%, 06/15/2023

    1,854,302  
    2,350,000    

3.38%, 05/15/2024

    2,539,510  
    3,890,000    

Brandywine Operating Partnership L.P.
4.10%, 10/01/2024

    4,083,759  
    1,500,000    

Crown Castle International Corp.
3.15%, 07/15/2023

    1,594,142  
   

Equinix, Inc.

 
    5,500,000    

1.00%, 09/15/2025

    5,476,637  
    2,000,000    

1.25%, 07/15/2025(6)

    2,012,816  
    5,715,000    

Federal Realty Investment Trust
1.25%, 02/15/2026

    5,699,078  
    2,000,000    

Realty Income Corp. 3.25%, 10/15/2022

    2,093,060  
   

SBA Tower Trust

 
    1,390,000    

1.88%, 01/15/2026(1)

    1,433,153  
    1,745,000    

2.84%, 01/15/2025(1)

    1,848,784  
    1,760,000    

3.17%, 04/11/2022(1)

    1,780,176  
    4,020,000    

Scentre Group Trust 1 / Scentre Group Trust 2
3.63%, 01/28/2026(1)

    4,297,335  
    3,325,000    

Simon Property Group L.P. 3.50%, 09/01/2025

    3,639,374  
    3,700,000    

Ventas Realty L.P. 2.65%, 01/15/2025

    3,904,628  
    2,000,000    

WEA Finance LLC 3.15%, 04/05/2022(1)

    2,030,924  
   

Welltower, Inc.

 
    2,000,000    

3.63%, 03/15/2024

    2,168,610  
    2,000,000    

3.95%, 09/01/2023

    2,162,789  
     

 

 

 
        49,531,593  
     

 

 

 
          Retail - 0.3%  
   

CVS Health Corp.

 
    2,350,000    

2.13%, 06/01/2021

    2,370,359  
    1,078,000    

3.70%, 03/09/2023

    1,153,938  
    1,790,000    

Dollar Tree, Inc. 3.70%, 05/15/2023

    1,919,775  
     

 

 

 
        5,444,072  
     

 

 

 
          Savings & Loans - 0.3%  
   

Nationwide Building Society

 
    3,550,000    

2.00%, 01/27/2023(1)

    3,655,186  
    1,400,000    

3.62%, 04/26/2023, (3.62% fixed rate until 04/26/2022; 3 mo. USD LIBOR + 1.181% thereafter)(1)(5)

    1,454,918  
     

 

 

 
        5,110,104  
     

 

 

 
          Semiconductors - 0.5%  
   

Broadcom, Inc.

 
    1,500,000    

2.25%, 11/15/2023

    1,560,045  
    1,563,000    

3.46%, 09/15/2026

    1,703,353  
    1,500,000    

3.63%, 10/15/2024

    1,636,728  
    2,400,000    

Microchip Technology, Inc. 2.67%, 09/01/2023(1)

    2,490,421  
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 53.8% - (continued)      
          Semiconductors - 0.5% - (continued)  
$     860,000    

NXP B.V. / NXP Funding LLC
4.88%, 03/01/2024(1)

  $ 963,444  
     

 

 

 
        8,353,991  
     

 

 

 
          Software - 0.1%  
    1,380,000    

Fiserv, Inc. 3.80%, 10/01/2023

    1,502,272  
     

 

 

 
          Telecommunications - 0.9%  
    2,390,000    

America Movil S.A.B. de C.V. 3.13%, 07/16/2022

    2,475,047  
EUR     1,237,234    

Lorca Finco plc 0.00%, 09/17/2027, 3 mo. EURIBOR + 4.250%

    1,435,541  
$     5,500,000    

Nokia Oyj 3.38%, 06/12/2022

    5,616,875  
    2,323,750    

Sprint Spectrum Co. LLC / Sprint Spectrum Co. II LLC / Sprint Spectrum Co. III LLC

3.36%, 09/20/2021(1)

    2,345,524  
    2,000,000    

Telefonica Emisiones S.A. 4.57%, 04/27/2023

    2,191,218  
    1,000,000    

Verizon Communications, Inc.
5.15%, 09/15/2023

    1,124,557  
     

 

 

 
        15,188,762  
     

 

 

 
          Toys/Games/Hobbies - 0.1%  
    1,750,000    

Hasbro, Inc. 2.60%, 11/19/2022

    1,813,752  
     

 

 

 
          Transportation - 1.1%  
   

Penske Truck Leasing Co. L.P. / PTL Finance Corp.

 
    3,000,000    

1.20%, 11/15/2025(1)

    2,994,044  
    1,500,000    

2.70%, 03/14/2023(1)

    1,565,674  
    1,425,000    

2.70%, 11/01/2024(1)

    1,513,907  
    2,065,000    

3.45%, 07/01/2024(1)

    2,239,467  
    1,250,000    

3.90%, 02/01/2024(1)

    1,359,361  
    2,000,000    

4.13%, 08/01/2023(1)

    2,170,744  
    1,270,000    

Ryder System, Inc. 2.25%, 09/01/2021

    1,286,724  
    4,450,000    

TTX Co. 3.60%, 01/15/2025(1)

    4,918,402  
     

 

 

 
        18,048,323  
     

 

 

 
          Trucking & Leasing - 0.9%  
    2,650,000    

Aviation Capital Group LLC 3.88%, 05/01/2023(1)

    2,656,464  
    2,950,000    

Avolon Holdings Funding Ltd.
5.13%, 10/01/2023(1)

    3,001,590  
    5,275,000    

DAE Funding LLC 5.25%, 11/15/2021(1)

    5,341,781  
    2,500,000    

GATX Corp. 4.35%, 02/15/2024

    2,740,100  
    300,000    

Park Aerospace Holdings Ltd.
5.25%, 08/15/2022(1)

    308,943  
     

 

 

 
        14,048,878  
     

 

 

 
   

Total Corporate Bonds
(cost $865,483,922)

  $ 894,519,662  
     

 

 

 
FOREIGN GOVERNMENT OBLIGATIONS - 0.1%  
          Qatar - 0.1%  
    1,960,000    

Qatar Government International Bond
3.88%, 04/23/2023(1)

  $ 2,102,100  
     

 

 

 
   

Total Foreign Government Obligations
(cost $1,946,711)

  $ 2,102,100  
     

 

 

 
MUNICIPAL BONDS - 0.8%  
          General - 0.3%  
    4,620,000    

Florida State Board of Administration Finance Co. 1.26%, 07/01/2025

  $ 4,668,232  
     

 

 

 
          General Obligation - 0.2%  
    2,805,000    

Cook County, IL, GO 4.74%, 11/15/2022

    2,900,258  
     

 

 

 
          Higher Education - 0.2%  
    2,630,000    

Chicago, IL, Board of Education, GO
5.28%, 12/01/2022

    2,731,150  
     

 

 

 
 

 

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

 

 

  112  

 


The Hartford Short Duration Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
MUNICIPAL BONDS - 0.8% - (continued)  
          Transportation - 0.1%  
$     1,750,000    

Alameda Corridor, CA, Transportation Auth, (NATL Insured) 0.00%, 10/01/2022(1)(8)

  $ 1,705,130  
    1,000,000    

Chicago, IL, Transit Auth 2.06%, 12/01/2024

    1,011,170  
     

 

 

 
        2,716,300  
     

 

 

 
   

Total Municipal Bonds
(cost $12,727,489)

  $ 13,015,940  
     

 

 

 
SENIOR FLOATING RATE INTERESTS - 15.9%(9)  
          Advertising - 0.2%  
    997,661    

Clear Channel Outdoor Holdings, Inc.

3.71%, 08/21/2026, 1 mo. USD LIBOR + 3.500%

  $ 906,445  
    1,230,000    

E2open, LLC 0.00%, 10/29/2027

    1,217,700  
    1,374,613    

Terrier Media Buyer, Inc. 4.40%, 12/17/2026, 1 mo. USD LIBOR + 4.250%

    1,335,959  
     

 

 

 
        3,460,104  
     

 

 

 
          Aerospace/Defense - 0.2%  
    355,000    

Spirit Aerosystems, Inc. 6.00%, 01/30/2025, 1 mo. USD LIBOR + 5.250%

    354,112  
    3,742,483    

TransDigm, Inc. 2.40%, 12/09/2025, 1 mo. USD LIBOR + 2.250%

    3,515,128  
     

 

 

 
        3,869,240  
     

 

 

 
          Airlines - 0.2%  
    301,188    

JetBlue Airways Corp. 6.25%, 06/17/2024, 1 mo. USD LIBOR + 5.250%

    299,495  
    455,000    

Mileage Plus Holdings LLC 6.25%, 06/25/2027, 1 mo. USD LIBOR + 5.250%

    461,738  
    1,195,000    

SkyMiles IP Ltd. 4.75%, 10/20/2027, 1 mo. USD LIBOR + 3.750%

    1,189,276  
    947,838    

WestJet Airlines Ltd. 4.00%, 12/11/2026, 3 mo. USD LIBOR + 3.000%

    830,249  
     

 

 

 
        2,780,758  
     

 

 

 
          Asset-Backed - Finance & Insurance - 0.0%  
    695,000    

PAI Holdco, Inc. 0.00%, 10/28/2027

    689,357  
     

 

 

 
          Auto Manufacturers - 0.1%  
    1,444,460    

Navistar, Inc. 3.65%, 11/06/2024, 3 mo. USD LIBOR + 3.500%

    1,428,210  
     

 

 

 
          Auto Parts & Equipment - 0.4%  
    1,110,938    

Adient U.S. LLC 4.42%, 05/06/2024, 3 mo. USD LIBOR + 4.250%

    1,093,718  
EUR     330,000    

AL Alpine AT Bidco GmbH 3.25%, 10/31/2025, 3 mo. EURIBOR + 3.250%

    358,073  
$     656,866    

Altra Industrial Motion Corp. 2.15%, 10/01/2025, 3 mo. USD LIBOR + 2.000%

    642,704  
EUR     1,566,138    

Clarios Global L.P. 3.75%, 04/30/2026, 3 mo. EURIBOR + 3.750%

    1,777,637  
$     596,250    

First Brands Group LLC 8.50%, 02/02/2024, 1 mo. USD LIBOR + 7.500%(10)

    590,287  
    360,000    

GT Polaris, Inc. 5.00%, 08/04/2027, 1 mo. USD LIBOR + 4.000%

    354,150  
    382,163    

IAA, Inc. 2.44%, 06/28/2026, 3 mo. USD LIBOR + 2.250%

    369,425  
    1,093,661    

Panther BF Aggregator 2 3.65%, 04/30/2026, 3 mo. USD LIBOR + 3.500%

    1,060,577  
     

 

 

 
        6,246,571  
     

 

 

 
          Beverages - 0.2%  
    825,585    

Jacobs Douwe Egberts International B.V.

2.19%, 11/01/2025, 3 mo. USD LIBOR + 2.000%

    822,489  
    618,750    

Refresco Holding B.V. 3.52%, 03/28/2025, 3 mo. USD LIBOR + 3.250%

    602,248  
Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 15.9%(9) - (continued)  
          Beverages - 0.2% - (continued)  
EUR     1,750,000    

Sunshine Investments B.V.
0.00%, 03/28/2025(10)

  $ 2,013,680  
     

 

 

 
        3,438,417  
     

 

 

 
          Chemicals - 0.6%  
$     934,537    

Axalta Coating Systems U.S. Holdings, Inc.

1.97%, 06/01/2024, 3 mo. USD LIBOR + 1.750%

    905,332  
EUR     627,702    

CeramTec AcquiCo GmbH 2.75%, 03/07/2025, 3 mo. EURIBOR + 2.750%

    694,910  
$     844,046    

CMC Materials, Inc. 2.19%, 11/17/2025, 1 mo. USD LIBOR + 2.000%

    831,385  
    598,088    

Diamond (BC) B.V. 3.21%, 09/06/2024, 3 mo. USD LIBOR + 3.000%

    571,174  
    673,064    

Element Solutions, Inc. 2.15%, 01/31/2026, 1 mo. USD LIBOR + 2.000%

    657,503  
EUR     1,015,000    

Froneri Lux FinCo S.a.r.l. 2.63%, 01/31/2027, 3 mo. EURIBOR + 2.625%

    1,149,612  
$     740,625    

Hexion, Inc. 3.73%, 07/01/2026, 3 mo. USD LIBOR + 3.500%

    726,553  
    287,833    

Minerals Technologies, Inc. 3.00%, 02/14/2024, 3 mo. USD LIBOR + 2.250%

    284,955  
EUR     150,000    

Nouryon Finance B.V. 3.25%, 10/01/2025, 3 mo. EURIBOR + 3.250%

    171,104  
$     335,879    

Nouryon USA LLC 3.15%, 10/01/2025, 1 mo. USD LIBOR + 3.000%

    324,795  
    1,506,307    

Tronox Finance LLC 3.18%, 09/23/2024, 3 mo. USD LIBOR + 3.000%

    1,473,228  
   

Univar Solutions USA, Inc.

 
    332,488    

2.15%, 07/01/2026, 1 mo. USD LIBOR + 2.000%

    322,998  
    582,409    

2.40%, 07/01/2024, 3 mo. USD LIBOR + 2.500%

    569,852  
    813,400    

WR Grace & Co. 1.97%, 04/03/2025, 3 mo. USD LIBOR + 1.750%

    793,065  
     

 

 

 
        9,476,466  
     

 

 

 
          Commercial Services - 1.7%  
   

AlixPartners LLP

 
    1,346,175    

2.65%, 04/04/2024, 1 mo. USD LIBOR + 2.500%

    1,304,107  
EUR     359,525    

3.25%, 04/04/2024, 3 mo. EURIBOR + 3.250%

    412,528  
$     939,867    

Allied Universal Holdco LLC 4.40%, 07/10/2026, 1 mo. USD LIBOR + 4.250%

    919,557  
    638,400    

Amentum Government Services Holdings LLC

3.65%, 02/01/2027, 1 mo. USD LIBOR + 3.500%

    611,268  
    387,075    

Belron Finance U.S. LLC 2.46%, 10/30/2026, 1 mo. USD LIBOR + 2.250%

    375,463  
EUR     1,075,000    

Boels Topholding B.V. 4.00%, 01/14/2027, 3 mo. EURIBOR + 4.000%(10)

    1,216,592  
$     822,656    

BrightView Landscapes LLC 2.69%, 08/15/2025, 3 mo. USD LIBOR + 2.500%

    806,886  
   

Deerfield Dakota Holding LLC

 
EUR     1,995,000    

4.00%, 04/09/2027, 3 mo. EURIBOR + 4.000%

    2,279,912  
$     2,788,013    

4.75%, 04/09/2027, 1 mo. USD LIBOR + 3.750%

    2,740,393  
    68,320    

Energizer Holdings, Inc. 2.44%, 12/17/2025, 1 mo. USD LIBOR + 2.250%

    67,978  
    126,834    

EVO Payments International LLC

3.40%, 12/22/2023, 3 mo. USD LIBOR + 3.250%

    125,153  
    478,773    

Fly Funding S.a.r.l. 1.99%, 08/11/2025, 1 mo. USD LIBOR + 1.750%

    412,740  
 

 

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

 

 

  113  

 


The Hartford Short Duration Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 15.9%(9) - (continued)  
          Commercial Services - 1.7% - (continued)  
$     514,800    

KAR Auction Services, Inc. 2.44%, 09/19/2026, 1 mo. USD LIBOR + 2.250%

  $ 492,921  
EUR     925,000    

Loire Finco Luxembourg S.a.r.l.

3.25%, 04/21/2027, 3 mo. EURIBOR + 3.250%

    1,049,830  
$     1,480,834    

MPH Acquisition Holdings LLC

3.75%, 06/07/2023, 3 mo. USD LIBOR + 2.750%

    1,460,206  
EUR     621,771    

Nets Holding A/S 3.25%, 02/06/2025, 3 mo. EURIBOR + 3.250%

    704,832  
$     1,671,268    

Quikrete Holdings, Inc. 2.65%, 02/01/2027, 1 mo. USD LIBOR + 2.500%

    1,636,589  
    1,754,380    

Russell Investments U.S. Inst’l Holdco, Inc.

0.00%, 06/01/2023, 3 mo. USD LIBOR + 3.250%

    1,737,942  
EUR     465,797    

Techem Verwaltungsgesellschaft 675 mbH

2.63%, 07/15/2025, 3 mo. EURIBOR + 2.625%

    533,083  
$     1,446,895    

Trans Union LLC 1.90%, 11/16/2026, 1 mo. USD LIBOR + 1.750%

    1,409,218  
    481,363    

U.S. Ecology Holdings, Inc. 2.65%, 11/01/2026, 3 mo. USD LIBOR + 2.500%

    474,142  
    3,542,700    

United Rentals, Inc. 1.90%, 10/31/2025, 3 mo. USD LIBOR + 1.750%

    3,522,471  
EUR     1,510,000    

Verisure Holding AB 4.00%, 07/20/2026, 3 mo. EURIBOR + 4.000%(10)

    1,749,829  
$     839,542    

Weight Watchers International, Inc.

5.50%, 11/29/2024, 3 mo. USD LIBOR + 4.750%

    837,024  
    2,136,145    

WEX, Inc. 2.40%, 05/15/2026, 3 mo. USD LIBOR + 2.250%

    2,056,040  
     

 

 

 
        28,936,704  
     

 

 

 
          Construction Materials - 0.3%  
    193,929    

Advanced Drainage Systems, Inc.

2.44%, 07/31/2026, 1 mo. USD LIBOR + 2.250%

    192,150  
    1,284,172    

Brookfield WEC Holdings, Inc.

3.75%, 08/01/2025, 1 mo. USD LIBOR + 3.000%

    1,252,273  
    1,278,835    

Cornerstone Building Brands, Inc.

3.90%, 04/12/2025, 3 mo. USD LIBOR + 3.750%

    1,252,056  
    661,607    

Hamilton Holdco LLC 2.23%, 01/02/2027, 1 mo. USD LIBOR + 2.000%

    641,758  
    1,000,000    

Installed Building Products, Inc.

2.40%, 04/15/2025, 1 mo. USD LIBOR + 2.250%

    967,500  
    992,347    

Jeld-Wen, Inc. 2.15%, 12/14/2024, 1 mo. USD LIBOR + 2.000%

    969,404  
     

 

 

 
        5,275,141  
     

 

 

 
          Distribution/Wholesale - 0.2%  
    2,574,000    

American Builders & Contractors Supply Co.,

Inc. 2.15%, 01/15/2027, 1 mo. USD LIBOR + 2.000%

    2,495,570  
     

 

 

 
          Diversified Financial Services - 0.2%  
    1,996,089    

Blackhawk Network Holdings, Inc.

3.15%, 06/15/2025, 3 mo. USD LIBOR + 3.000%

    1,869,777  
    479,500    

Delos Finance S.a.r.l. 1.97%, 10/06/2023, 3 mo. USD LIBOR + 1.750%

    463,216  
    945,686    

Victory Capital Holdings, Inc.

2.73%, 07/01/2026, 1 mo. USD LIBOR + 2.500%

    925,193  
     

 

 

 
        3,258,186  
     

 

 

 
Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 15.9%(9) - (continued)  
          Electrical Components & Equipment - 0.1%  
$     2,325,000    

Virgin Media Bristol LLC 2.65%, 01/31/2028, 1 mo. USD LIBOR + 2.500%

  $ 2,242,183  
     

 

 

 
          Engineering & Construction - 0.1%  
    1,935,000    

Brand Industrial Services, Inc.

5.25%, 06/21/2024, 3 mo. USD LIBOR + 4.250%

    1,797,131  
EUR     399,779    

Fluidra Finco S.L. 2.00%, 07/02/2025, 3 mo. EURIBOR + 2.000%

    458,330  
     

 

 

 
        2,255,461  
     

 

 

 
          Entertainment - 0.5%  
$     1,625,915    

Crown Finance U.S., Inc. 2.77%, 02/28/2025, 3 mo. USD LIBOR + 2.500%

    904,139  
    2,733,990    

Delta (LUX) S.a.r.l. 3.50%, 02/01/2024, 3 mo. USD LIBOR + 2.500%

    2,617,795  
    1,003,381    

Penn National Gaming, Inc. 3.00%, 10/15/2025, 3 mo. USD LIBOR + 2.250%

    966,828  
    933,625    

Playtika Holding Corp. 7.00%, 12/10/2024, 1 mo. USD LIBOR + 6.000%

    932,990  
    1,000,000    

Scientific Games International, Inc.

0.00%, 08/14/2024, 1 mo. USD LIBOR + 2.750%

    928,440  
    414,184    

UFC Holdings LLC 4.25%, 04/29/2026, 1 mo. USD LIBOR + 3.250%

    405,383  
    994,700    

Wyndham Hotels & Resorts, Inc.

1.90%, 05/30/2025, 3 mo. USD LIBOR + 1.750%

    944,547  
     

 

 

 
        7,700,122  
     

 

 

 
          Environmental Control - 0.1%  
    1,707,735    

Clean Harbors, Inc. 1.90%, 06/28/2024, 3 mo. USD LIBOR + 1.750%

    1,700,477  
     

 

 

 
          Food - 0.3%  
    309,688    

B&G Foods, Inc. 2.65%, 10/10/2026, 1 mo. USD LIBOR + 2.500%

    307,442  
    229,713    

CHG PPC Parent LLC 2.90%, 03/31/2025, 3 mo. USD LIBOR + 2.750%

    221,673  
    952,613    

Froneri U.S., Inc. 2.40%, 01/31/2027, 1 mo. USD LIBOR + 2.250%

    915,546  
    805,789    

Hostess Brands LLC 3.00%, 08/03/2025, 1 mo. USD LIBOR + 2.250%

    784,138  
   

U.S. Foods, Inc.

 
    1,977,028    

1.90%, 06/27/2023, 1 mo. USD LIBOR + 1.750%

    1,887,568  
    1,168,200    

2.15%, 09/13/2026, 3 mo. USD LIBOR + 2.000%

    1,107,605  
     

 

 

 
        5,223,972  
     

 

 

 
          Food Service - 0.1%  
    348,788    

8th Avenue Food & Provisions, Inc.

3.65%, 10/01/2025, 3 mo. USD LIBOR + 3.500%

    343,482  
   

Aramark Services, Inc.

 
    554,934    

1.90%, 03/11/2025, 1 mo. USD LIBOR + 1.750%

    529,502  
    1,014,900    

1.90%, 01/15/2027, 1 mo. USD LIBOR + 1.750%

    962,257  
     

 

 

 
        1,835,241  
     

 

 

 
          Gas - 0.1%  
EUR     150,000    

Messer Industries GmbH 2.50%, 03/01/2026, 3 mo. EURIBOR + 2.750%

    171,459  
$     581,150    

Messer Industries USA, Inc. 2.72%, 03/01/2026, 3 mo. USD LIBOR + 2.500%

    565,273  
     

 

 

 
        736,732  
     

 

 

 
 

 

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

 

 

  114  

 


The Hartford Short Duration Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 15.9%(9) - (continued)  
          Hand/Machine Tools - 0.1%  
$     1,475,000    

Applecaramel Buyer LLC 0.00%, 10/19/2027

  $ 1,452,079  
     

 

 

 
          Healthcare-Products - 0.2%  
   

Avantor Funding, Inc.

 
    2,735,000    

0.00%, 10/29/2027

    2,707,650  
    198,935    

3.25%, 11/21/2024, 1 mo. USD LIBOR + 2.250%

    196,862  
    223,875    

CPI Holdco LLC 4.40%, 11/04/2026, 1 mo. USD LIBOR + 4.250%

    220,517  
     

 

 

 
        3,125,029  
     

 

 

 
          Healthcare-Services - 0.7%  
    384,894    

Agiliti Health, Inc. 3.19%, 01/04/2026, 3 mo. USD LIBOR + 3.000%

    372,385  
EUR     1,695,000    

Bio Lam LCD SELAS 4.75%, 04/25/2026, 3 mo. EURIBOR + 4.750%

    1,949,406  
$     699,350    

Catalent Pharma Solutions, Inc.

3.25%, 05/18/2026, 3 mo. USD LIBOR + 2.250%

    694,979  
    534,600    

Emerald TopCo, Inc. 3.71%, 07/24/2026, 1 mo. USD LIBOR + 3.500%

    514,552  
    376,200    

Ensemble RCM LLC 3.96%, 08/03/2026, 3 mo. USD LIBOR + 3.750%

    367,265  
    813,006    

Envision Healthcare Corp. 3.90%, 10/10/2025, 3 mo. USD LIBOR + 3.750%

    577,828  
   

EyeCare Partners LLC

 
    292,297    

3.75%, 02/18/2027, 1 mo. USD LIBOR + 3.750%(11)

    276,344  
    1,246,439    

3.90%, 02/18/2027, 1 mo. USD LIBOR + 3.750%

    1,178,409  
    800,721    

Gentiva Health Services, Inc.

3.44%, 07/02/2025, 1 mo. USD LIBOR + 3.250%

    782,705  
EUR     581,613    

IQVIA, Inc. 2.00%, 06/11/2025, 1 mo. EURIBOR + 2.000%

    669,152  
$     561,715    

Jaguar Holding Co. 3.50%, 08/18/2022, 3 mo. USD LIBOR + 2.500%

    557,052  
   

MED ParentCo L.P.

 
    142,270    

4.35%, 08/31/2026, 1 mo. USD LIBOR + 4.250%(11)

    135,038  
    567,341    

4.40%, 08/31/2026, 1 mo. USD LIBOR + 4.250%

    538,503  
    610,000    

Packaging Coordinators Midco, Inc.
0.00%, 09/25/2027

    598,947  
    476,280    

Surgery Center Holdings, Inc.

4.25%, 09/03/2024, 3 mo. USD LIBOR + 3.250%

    450,603  
    762,678    

Syneos Health, Inc. 1.90%, 08/01/2024, 3 mo. USD LIBOR + 2.000%

    745,282  
    1,513,050    

Universal Health Services, Inc.

1.90%, 10/31/2025, 3 mo. USD LIBOR + 1.750%

    1,505,485  
     

 

 

 
        11,913,935  
     

 

 

 
          Household Products - 0.1%  
    102,985    

Prestige Brands, Inc. 2.15%, 01/26/2024, 3 mo. USD LIBOR + 2.000%

    102,342  
    863,909    

Reynolds Consumer Products LLC

1.90%, 02/04/2027, 1 mo. USD LIBOR + 1.750%

    846,363  
    975,000    

Weber-Stephen Products LLC
0.00%, 10/30/2027

    964,645  
     

 

 

 
        1,913,350  
     

 

 

 
          Insurance - 0.9%  
    975,100    

Acrisure LLC 3.65%, 02/15/2027, 1 mo. USD LIBOR + 3.500%

    938,007  
Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 15.9%(9) - (continued)  
          Insurance - 0.9% - (continued)  
$     115,000    

Alliant Holdings Intermediate LLC
0.00%, 10/08/2027

  $ 113,670  
   

Asurion LLC

 
    2,248,445    

3.15%, 08/04/2022, 1 mo. USD LIBOR + 2.750%

    2,210,693  
    1,869,209    

3.15%, 11/03/2023, 1 mo. USD LIBOR + 3.000%

    1,833,003  
    906,515    

6.65%, 08/04/2025, 3 mo. USD LIBOR + 6.000%

    906,515  
    475,000    

Camelot U.S. Acquisition 1 Co.
0.00%, 10/30/2026

    469,262  
   

Hub International Ltd.

 
    1,353,838    

3.22%, 04/25/2025, 1 mo. USD LIBOR + 3.000%

    1,300,077  
    535,950    

5.00%, 04/25/2025, 1 mo. USD LIBOR + 4.000%

    532,536  
    690,000    

Hyperion Insurance Group Ltd.
0.00%, 10/22/2027

    686,550  
    404,631    

NFP Corp. 3.40%, 02/15/2027, 1 mo. USD LIBOR + 3.250%

    386,423  
    395,000    

Ryan Specialty Group LLC 4.00%, 09/01/2027, 1 mo. USD LIBOR + 3.250%(10)

    391,544  
   

Sedgwick Claims Management Services, Inc.

 
    1,757,236    

3.40%, 12/31/2025, 3 mo. USD LIBOR + 3.250%

    1,683,766  
    656,688    

4.15%, 09/03/2026, 3 mo. USD LIBOR + 4.000%

    637,092  
    339,150    

5.25%, 09/03/2026, 1 mo. USD LIBOR + 4.250%

    334,629  
    1,702,862    

USI, Inc. 3.22%, 05/16/2024, 3 mo. USD LIBOR + 3.000%

    1,638,647  
     

 

 

 
        14,062,414  
     

 

 

 
          IT Services - 0.3%  
   

Science Applications International Corp.

 
    1,857,100    

2.02%, 10/31/2025, 3 mo. USD LIBOR + 1.750%

    1,814,925  
    544,000    

2.40%, 03/12/2027, 1 mo. USD LIBOR + 2.250%

    536,863  
    428,925    

Surf Holdings LLC 3.75%, 03/05/2027, 1 mo. USD LIBOR + 3.500%

    414,878  
    1,659,133    

Tempo Acquisition LLC 3.75%, 11/02/2026, 1 mo. USD LIBOR + 3.250%

    1,602,308  
     

 

 

 
        4,368,974  
     

 

 

 
          Leisure Time - 0.2%  
    750,000    

Caesars Resort Collection LLC

4.65%, 07/21/2025, 1 mo. USD LIBOR + 4.500%

    725,392  
    563,588    

Carnival Corp. 8.50%, 06/30/2025, 1 mo. USD LIBOR + 7.500%

    566,969  
    1,630,850    

Golden Entertainment, Inc. 3.75%, 10/21/2024, 3 mo. USD LIBOR + 3.000%

    1,571,732  
     

 

 

 
        2,864,093  
     

 

 

 
          Lodging - 0.5%  
    1,389,192    

Boyd Gaming Corp. 2.34%, 09/15/2023, 3 mo. USD LIBOR + 2.250%

    1,347,947  
    2,940,244    

Caesars Resort Collection LLC

2.90%, 12/23/2024, 3 mo. USD LIBOR + 2.750%

    2,749,951  
    471,065    

CityCenter Holdings LLC 3.00%, 04/18/2024, 3 mo. USD LIBOR + 2.250%

    442,213  
    683,314    

Four Seasons Hotels Ltd. 2.15%, 11/30/2023, 3 mo. USD LIBOR + 2.000%

    656,268  
 

 

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

 

 

  115  

 


The Hartford Short Duration Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 15.9%(9) - (continued)  
          Lodging - 0.5% - (continued)  
$     974,847    

Hilton Worldwide Finance LLC

1.90%, 06/22/2026, 3 mo. USD LIBOR + 1.750%

  $ 922,731  
    1,500,151    

Station Casinos LLC 2.50%, 02/08/2027, 1 mo. USD LIBOR + 2.250%

    1,433,890  
     

 

 

 
        7,553,000  
     

 

 

 
          Machinery-Construction & Mining - 0.0%  
   

Pro Mach Group, Inc.

 
XXX     153,569    

1.75%, 03/07/2025, 1 mo. USD LIBOR + 3.500%(10)(11)

    155,105  
    465,265    

4.50%, 03/07/2025, 1 mo. USD LIBOR + 3.500%(10)

    446,654  
     

 

 

 
        601,759  
     

 

 

 
          Machinery-Diversified - 0.3%  
$     880,000    

Filtration Group Corporation 0.00%, 03/29/2025

    867,530  
   

Gardner Denver, Inc.

 
    977,470    

1.90%, 03/01/2027, 1 mo. USD LIBOR + 1.750%

    943,259  
    344,138    

2.90%, 03/01/2027, 1 mo. USD LIBOR + 2.750%

    339,299  
    1,026,586    

Gates Global LLC 3.75%, 04/01/2024, 3 mo. USD LIBOR + 2.750%

    1,005,202  
EUR     280,000    

Vertical Midco GmbH 4.25%, 07/30/2027, 3 mo. EURIBOR + 4.250%(10)

    324,504  
$     1,330,000    

Vertical U.S. Newco, Inc. 4.57%, 07/30/2027, 1 mo. USD LIBOR + 4.250%(10)

    1,309,226  
     

 

 

 
        4,789,020  
     

 

 

 
          Media - 1.8%  
   

Adevinta ASA

 
EUR     800,000    

0.00%, 10/23/2027

    929,810  
$     550,000    

0.00%, 10/23/2027

    545,875  
    1,240,000    

Alliance Laundry Systems LLC 0.00%, 10/08/2027

    1,227,600  
    843,900    

Altice Financing S.A. 2.90%, 01/31/2026, 3 mo. USD LIBOR + 2.750%

    802,405  
    1,001,300    

AVSC Holding Corp. 4.25%, 03/03/2025, 3 mo. USD LIBOR + 3.250%

    764,242  
EUR     370,000    

Banijay Entertainment S.A.S 0.00%, 03/04/2025(10)

    423,198  
$     685,000    

Banijay Group U.S. Holding, Inc.

3.89%, 03/01/2025, 1 mo. USD LIBOR + 3.750%(10)

    662,737  
    1,615,173    

Charter Communications Operating LLC

1.90%, 02/01/2027, 1 mo. USD LIBOR + 1.750%

    1,572,273  
   

CSC Holdings LLC

 
    914,338    

2.40%, 07/17/2025, 3 mo. USD LIBOR + 2.250%

    880,864  
    1,228,125    

2.40%, 01/15/2026, 3 mo. USD LIBOR + 2.250%

    1,184,760  
    1,094,790    

2.65%, 04/15/2027, 1 mo. USD LIBOR + 2.500%

    1,058,388  
    699,385    

E.W. Scripps Co. 2.65%, 05/01/2026, 1 mo. USD LIBOR + 2.500%

    674,473  
    972,563    

Go Daddy Operating Co. LLC

2.65%, 08/10/2027, 1 mo. USD LIBOR + 2.500%

    955,134  
    1,193,748    

Gray Television, Inc. 2.65%, 01/02/2026, 3 mo. USD LIBOR + 2.500%

    1,160,622  
    697,813    

Houghton Mifflin Harcourt Publishers, Inc.

7.25%, 11/22/2024, 1 mo. USD LIBOR + 6.250%

    647,221  
    2,422,534    

ION Media Networks, Inc. 3.19%, 12/18/2024, 1 mo. USD LIBOR + 3.000%

    2,394,409  
Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 15.9%(9) - (continued)  
          Media - 1.8% - (continued)  
$     330,691    

NASCAR Holdings, Inc. 2.90%, 10/19/2026, 3 mo. USD LIBOR + 2.750%

  $ 321,362  
   

Nexstar Broadcasting, Inc.

 
    276,553    

2.40%, 01/17/2024, 3 mo. USD LIBOR + 2.250%

    268,904  
    2,132,588    

2.90%, 09/18/2026, 1 mo. USD LIBOR + 2.750%

    2,075,008  
    213,925    

Nielsen Finance LLC 4.75%, 06/04/2025, 1 mo. USD LIBOR + 3.750%

    213,069  
EUR     682,395    

Nielsen Holding & Finance B.V.

3.75%, 06/04/2025, 3 mo. EURIBOR + 3.750%

    793,758  
$     883,929    

Sinclair Television Group, Inc.

2.65%, 09/30/2026, 1 mo. USD LIBOR + 2.500%

    855,201  
   

UPC Broadband Holding B.V.

 
EUR     780,000    

0.00%, 01/31/2029

    895,828  
$     2,890,000    

0.00%, 01/31/2029

    2,814,138  
   

Virgin Media Bristol LLC

 
    585,000    

0.00%, 01/31/2029

    573,195  
EUR     800,000    

0.00%, 01/31/2029

    918,518  
    1,400,000    

Virgin Media SFA Finance Ltd.

2.50%, 01/31/2029, 3 mo. EURIBOR + 2.500%

    1,583,796  
$     268,059    

Web.com Group, Inc. 3.90%, 10/10/2025, 3 mo. USD LIBOR + 3.750%

    257,589  
EUR     1,310,000    

Ziggo B.V. 3.00%, 01/31/2029, 3 mo. EURIBOR + 3.000%

    1,483,262  
$     1,345,000    

Ziggo Financing Partnership 2.65%, 04/30/2028, 1 mo. USD LIBOR + 2.500%

    1,288,752  
     

 

 

 
        30,226,391  
     

 

 

 
          Metal Fabricate/Hardware - 0.2%  
    773,063    

Cardtronics USA, Inc. 5.00%, 06/29/2027, 1 mo. USD LIBOR + 4.000%

    770,164  
    1,163,936    

Circor International, Inc. 4.25%, 12/11/2024, 1 mo. USD LIBOR + 3.250%

    1,138,329  
    1,400,240    

RBS Global, Inc. 1.90%, 08/21/2024, 1 mo. USD LIBOR + 1.750%

    1,385,481  
     

 

 

 
        3,293,974  
     

 

 

 
          Miscellaneous Manufacturing - 0.2%  
    1,060,174    

Core & Main L.P. 3.75%, 08/01/2024, 3 mo. USD LIBOR + 3.000%

    1,025,061  
    740,547    

H.B. Fuller Co. 2.15%, 10/20/2024, 3 mo. USD LIBOR + 2.000%

    726,662  
    1,238,775    

Ingersoll-Rand Services Co. 1.90%, 03/01/2027, 1 mo. USD LIBOR + 1.750%

    1,195,418  
    508,563    

Momentive Performance Materials USA LLC

3.40%, 05/15/2024, 3 mo. USD LIBOR + 3.250%

    480,912  
    381,150    

Tamko Building Products LLC

3.40%, 06/01/2026, 3 mo. USD LIBOR + 3.250%

    371,621  
     

 

 

 
    3,799,674  
     

 

 

 
      Oil & Gas Services - 0.2%  
    736,300    

Buckeye Partners L.P. 2.90%, 11/01/2026, 1 mo. USD LIBOR + 2.750%

    721,442  
    2,256,438    

UGI Energy Services LLC 3.90%, 08/13/2026, 1 mo. USD LIBOR + 3.750%

    2,233,873  
     

 

 

 
    2,955,315  
     

 

 

 
      Packaging & Containers - 0.3%  
    994,538    

Berlin Packaging LLC 3.15%, 11/07/2025, 3 mo. USD LIBOR + 3.000%

    952,270  
 

 

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

 

 

  116  

 


The Hartford Short Duration Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 15.9%(9) - (continued)  
      Packaging & Containers - 0.3% - (continued)  
 

Berry Global, Inc.

 

$     968,010    

2.15%, 10/01/2022, 1 mo. USD LIBOR + 2.000%

  $ 956,684  
    1,185,000    

2.15%, 07/01/2026, 1 mo. USD LIBOR + 2.000%

    1,145,623  
 

Flex Acquisition Co., Inc.

 

    996,557    

3.48%, 06/29/2025, 3 mo. USD LIBOR + 3.250%

    957,003  
    833,218    

4.00%, 12/29/2023, 3 mo. USD LIBOR + 3.000%

    811,196  
    822,861    

Reynolds Group Holdings, Inc.

2.90%, 02/05/2023, 3 mo. USD LIBOR + 3.000%

    806,519  
     

 

 

 
    5,629,295  
     

 

 

 
      Pharmaceuticals - 0.8%  
    1,060,000    

Bausch Health Americas, Inc.

2.90%, 11/27/2025, 3 mo. USD LIBOR + 2.750%

    1,033,945  
    851,433    

Bausch Health Americas, Inc.

3.15%, 06/02/2025, 3 mo. USD LIBOR + 3.000%

    830,504  
    1,083,309    

Change Healthcare Holdings LLC

3.50%, 03/01/2024, 1 mo. USD LIBOR + 2.750%

    1,056,096  
    5,161,374    

Elanco Animal Health, Inc. 1.90%, 08/01/2027, 1 mo. USD LIBOR + 1.750%(10)

    5,044,160  
    1,441,575    

Endo International plc 5.00%, 04/29/2024, 3 mo. USD LIBOR + 4.250%

    1,365,892  
EUR     441,663    

Grifols S.A. 2.25%, 11/15/2027, 3 mo. EURIBOR + 2.250%

    506,898  
$     524,008    

IQVIA, Inc. 1.90%, 03/07/2024, 1 mo. USD LIBOR + 1.750%

    516,583  
    760,000    

Milano Acquisition Corp. 4.75%, 10/01/2027, 1 mo. USD LIBOR + 4.000%

    746,069  
 

Pathway Vet Alliance LLC

 

    75,164    

4.00%, 03/31/2027, 1 mo. USD LIBOR + 4.000%(10)(11)

    73,379  
    920,212    

4.15%, 03/31/2027, 1 mo. USD LIBOR + 4.000%(10)

    898,357  
    1,965,150    

Sunshine Luxembourg S.a.r.l.

5.25%, 10/01/2026, 1 mo. USD LIBOR + 4.250%

    1,943,357  
     

 

 

 
    14,015,240  
     

 

 

 
      Pipelines - 0.2%  
    1,509,942    

BCP Renaissance Parent LLC

4.50%, 10/31/2024, 3 mo. USD LIBOR + 3.500%

    1,383,484  
    646,813    

Lower Cadence Holdings LLC

4.15%, 05/22/2026, 3 mo. USD LIBOR + 4.000%

    585,773  
    453,444    

Medallion Midland Acquisition LLC

4.25%, 10/30/2024, 3 mo. USD LIBOR + 3.250%

    423,403  
    769,300    

NorthRiver Midstream Finance L.P.

3.48%, 10/01/2025, 3 mo. USD LIBOR + 3.250%

    717,564  
    659,895    

Traverse Midstream Partners LLC

6.50%, 09/27/2024, 1 mo. USD LIBOR + 5.500%

    606,866  
     

 

 

 
    3,717,090  
     

 

 

 
      Real Estate - 0.2%  
    491,250    

Belron Finance U.S. LLC 2.50%, 11/13/2025, 3 mo. USD LIBOR + 2.500%

    476,513  
Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 15.9%(9) - (continued)  
      Real Estate - 0.2% - (continued)  
$     1,080,477    

KFC Holding Co. 1.90%, 04/03/2025, 3 mo. USD LIBOR + 1.750%

  $ 1,052,881  
    1,345,909    

VICI Properties LLC 1.90%, 12/20/2024, 1 mo. USD LIBOR + 1.750%

    1,290,390  
     

 

 

 
    2,819,784  
     

 

 

 
      Retail - 0.7%  
    1,781,465    

B.C. Unlimited Liability Co. 1.90%, 11/19/2026, 1 mo. USD LIBOR + 1.750%

    1,706,501  
    1,766,516    

Bass Pro Group LLC 5.75%, 09/25/2024, 3 mo. USD LIBOR + 5.000%

    1,759,344  
    282,750    

Beacon Roofing Supply, Inc. 2.40%, 01/02/2025, 3 mo. USD LIBOR + 2.250%

    273,340  
    333,325    

Buzz Merger Sub Ltd. 2.90%, 01/29/2027, 1 mo. USD LIBOR + 2.750%

    323,326  
   

Coty, Inc.

 

    1,522,394    

2.39%, 04/07/2025, 3 mo. USD LIBOR + 2.250%

    1,329,248  
EUR     777,113    

2.50%, 04/07/2025, 3 mo. EURIBOR + 2.500%

    825,871  
$     1,551,534    

Harbor Freight Tools USA, Inc.

0.00%, 10/19/2027, 1 mo. USD LIBOR + 3.250%

    1,526,492  
    475,251    

IRB Holding Corp. 3.75%, 02/05/2025, 1 mo. USD LIBOR + 2.750%

    450,961  
    1,730,000    

Les Schwab Tire Centers 0.00%, 10/28/2027

    1,712,700  
    1,436,105    

Michaels Stores, Inc. 4.25%, 10/01/2027, 1 mo. USD LIBOR + 3.500%

    1,404,510  
    1,001,387    

Staples, Inc. 5.25%, 04/16/2026, 3 mo. USD LIBOR + 5.000%

    916,519  
     

 

 

 
    12,228,812  
     

 

 

 
      Semiconductors - 0.1%  
    552,813    

Entegris, Inc. 2.15%, 11/06/2025, 3 mo. USD LIBOR + 2.000%

    551,259  
    1,076,560    

Microchip Technology, Inc. 2.15%, 05/29/2025, 3 mo. USD LIBOR + 2.000%

    1,063,556  
    565,012    

ON Semiconductor Corp. 2.15%, 09/19/2026, 1 mo. USD LIBOR + 2.000%

    551,898  
     

 

 

 
    2,166,713  
     

 

 

 
      Software - 1.2%  
EUR     300,000    

AI Convoy (Luxembourg) S.a.r.l.

3.75%, 01/17/2027, 3 mo. EURIBOR + 3.750%

    341,579  
$     1,425,381    

Aristocrat Technologies, Inc. 1.96%, 10/19/2024, 3 mo. USD LIBOR + 1.750%

    1,386,183  
    220,123    

By Crown Parent LLC 4.00%, 01/31/2026, 1 mo. USD LIBOR + 3.000%

    215,446  
    813,692    

CCC Information Services, Inc.

4.00%, 04/29/2024, 1 mo. USD LIBOR + 3.000%

    804,034  
    1,597,228    

CDW LLC 1.90%, 10/13/2026, 1 mo. USD LIBOR + 1.750%

    1,589,242  
    1,363,150    

DCert Buyer, Inc. 4.15%, 10/16/2026, 3 mo. USD LIBOR + 4.000%

    1,333,542  
    1,795,975    

Dun & Bradstreet Corp. 3.91%, 02/06/2026, 1 mo. USD LIBOR + 4.000%

    1,766,413  
    544,310    

Epicor Software Corp. 5.25%, 07/30/2027, 1 mo. USD LIBOR + 4.250%

    541,724  
    1,017,756    

Finastra USA, Inc. 4.50%, 06/13/2024, 3 mo. USD LIBOR + 3.500%

    958,950  
    1,118,327    

Go Daddy Operating Co. LLC

1.90%, 02/15/2024, 1 mo. USD LIBOR + 1.750%

    1,090,514  
    1,476,980    

Hyland Software, Inc. 4.25%, 07/01/2024, 1 mo. USD LIBOR + 3.500%

    1,453,777  
 

 

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

 

 

  117  

 


The Hartford Short Duration Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 15.9%(9) - (continued)  
      Software - 1.2% - (continued)  
$     147,186    

MA FinanceCo. LLC 2.65%, 06/21/2024, 3 mo. USD LIBOR + 2.750%

  $ 138,355  
    210,000    

Navicure, Inc. 4.75%, 10/22/2026, 1 mo. USD LIBOR + 4.000%

    206,850  
    993,985    

Seattle Spinco, Inc. 2.65%, 06/21/2024, 3 mo. USD LIBOR + 2.750%

    934,346  
    2,242,190    

SS&C Technologies, Inc. 1.90%, 04/16/2025, 1 mo. USD LIBOR + 1.750%

    2,176,760  
 

Ultimate Software Group, Inc.

 

    638,550    

3.90%, 05/04/2026, 3 mo. USD LIBOR + 3.750%

    626,667  
    1,455,000    

4.75%, 05/04/2026, 1 mo. USD LIBOR + 4.000%

    1,445,004  
    807,863    

Verint Systems, Inc. 2.14%, 06/28/2024, 3 mo. USD LIBOR + 2.000%

    795,745  
    711,766    

Western Digital Corp. 1.90%, 04/29/2023, 1 mo. USD LIBOR + 1.750%

    705,182  
    1,980,038    

Zelis Payments Buyer, Inc. 4.90%, 09/30/2026, 1 mo. USD LIBOR + 4.750%

    1,965,544  
     

 

 

 
    20,475,857  
     

 

 

 
      Telecommunications - 0.8%  
 

Altice France S.A.

 

    709,275    

2.90%, 07/31/2025, 3 mo. USD LIBOR + 2.750%

    676,258  
    1,665,514    

3.84%, 01/31/2026, 3 mo. USD LIBOR + 3.688%

    1,607,854  
    1,022,275    

CenturyLink, Inc. 2.40%, 03/15/2027, 1 mo. USD LIBOR + 2.250%

    982,314  
    1,719,506    

Ciena Corp. 1.90%, 09/26/2025, 1 mo. USD LIBOR + 1.750%

    1,712,199  
    325,000    

Consolidated Communications, Inc.
0.00%, 10/02/2027

    321,750  
    735,000    

LCPR Loan Financing LLC 5.15%, 10/15/2026, 1 mo. USD LIBOR + 5.000%

    734,081  
    1,344,926    

Level 3 Financing, Inc. 1.90%, 03/01/2027, 1 mo. USD LIBOR + 1.750%

    1,295,836  
    1,057,410    

MTN Infrastructure TopCo, Inc.

4.00%, 11/15/2024, 3 mo. USD LIBOR + 3.000%

    1,029,981  
    2,630,000    

Telenet Financing USD LLC 2.15%, 04/30/2028, 6 mo. USD LIBOR + 2.000%

    2,537,477  
 

Zayo Group Holdings, Inc.

 

    1,104,450    

3.15%, 03/09/2027, 1 mo. USD LIBOR + 3.000%

    1,062,569  
EUR     432,825    

3.25%, 03/09/2027, 3 mo. EURIBOR + 3.250%

    491,175  
     

 

 

 
    12,451,494  
     

 

 

 
      Transportation - 0.3%  
    240,000    

Boluda Corp. Maritima S.L. 3.50%, 07/30/2026, 3 mo. EURIBOR + 3.500%

    269,683  
$     3,134,250    

Genesee & Wyoming, Inc. 2.22%, 12/30/2026, 1 mo. USD LIBOR + 2.000%

    3,064,293  
    852,593    

Savage Enterprises LLC 3.15%, 08/01/2025, 1 mo. USD LIBOR + 3.000%

    834,688  
     

 

 

 
        4,168,664  
     

 

 

 
   

Total Senior Floating Rate Interests
(cost $270,321,309)

  $ 263,640,868  
     

 

 

 
U.S. GOVERNMENT AGENCIES - 6.8%  
      Mortgage-Backed Agencies - 6.8%  
      FHLMC - 1.9%  
    6,000,000    

1.00%, 05/15/2041

  $ 6,072,188  
    1,309,685    

1.10%, 11/25/2048, 1 mo. USD LIBOR + 0.950%(1)(3)

    1,298,096  
Shares or Principal Amount   Market Value  
U.S. GOVERNMENT AGENCIES - 6.8% - (continued)  
      Mortgage-Backed Agencies - 6.8% - (continued)  
      FHLMC - 1.9% - (continued)  
$     5,000,000    

1.13%, 08/12/2021

  $ 5,038,570  
    4,628,801    

1.25%, 07/15/2031

    4,672,754  
    1,221,378    

1.50%, 01/15/2027

    1,238,713  
    10,362,597    

1.57%, 07/25/2021(2)(4)

    49,016  
    2,961,273    

2.00%, 09/15/2041

    3,024,820  
    3,914,901    

2.50%, 12/15/2042

    4,077,259  
    4,023,591    

3.00%, 04/01/2031

    4,222,609  
    599,972    

3.50%, 04/01/2027

    641,878  
    497,698    

3.50%, 09/15/2043

    522,004  
    1,531,457    

3.75%, 05/15/2039

    1,591,683  
     

 

 

 
    32,449,590  
     

 

 

 
      FNMA - 3.9%  
    1,815,144    

1.50%, 11/25/2042

    1,851,795  
    1,064,051    

1.75%, 05/25/2040

    1,076,930  
    4,788,542    

2.00%, 04/25/2034

    4,944,529  
    1,324,333    

2.00%, 07/25/2039

    1,334,389  
    6,168,521    

2.00%, 12/25/2042

    6,334,396  
    8,123,538    

2.50%, 03/25/2035

    8,431,553  
    5,239,092    

3.00%, 02/25/2043

    5,542,217  
    307,272    

3.00%, 04/25/2043

    319,827  
    2,274,076    

3.00%, 05/25/2047

    2,354,286  
    5,476,185    

3.25%, 11/25/2043

    5,690,132  
    912,078    

3.50%, 11/01/2026

    964,737  
    2,350,620    

3.50%, 12/01/2026

    2,512,356  
    341,909    

3.50%, 12/01/2028

    364,898  
    4,684,175    

3.50%, 10/25/2035

    5,132,653  
    5,600,000    

3.50%, 11/17/2035(12)

    5,916,313  
    3,233,231    

3.50%, 07/25/2045

    3,384,393  
    1,322,137    

3.50%, 05/25/2056

    1,385,480  
    6,041,188    

4.00%, 11/25/2041

    6,562,609  
     

 

 

 
        64,103,493  
     

 

 

 
          GNMA - 1.0%  
    2,953,069    

2.00%, 05/20/2046

    3,035,988  
    6,673,810    

2.50%, 10/20/2041

    6,939,375  
    2,879,479    

2.50%, 07/20/2042

    3,019,186  
    1,755,467    

3.00%, 08/20/2045

    1,837,453  
    1,320,610    

3.50%, 05/20/2048

    1,438,420  
    134,099    

5.00%, 08/20/2039

    150,111  
     

 

 

 
        16,420,533  
     

 

 

 
   

Total U.S. Government Agencies
(cost $108,925,417)

  $ 112,973,616  
     

 

 

 
U.S. GOVERNMENT SECURITIES - 1.2%  
          U.S. Treasury Securities - 1.2%  
          U.S. Treasury Notes - 1.2%  
    10,000,000    

0.13%, 05/15/2023

  $ 9,987,110  
    9,950,000    

1.38%, 02/15/2023

    10,223,625  
     

 

 

 
        20,210,735  
     

 

 

 
   

Total U.S. Government Securities
(cost $20,088,212)

  $ 20,210,735  
     

 

 

 
   

Total Long-Term Investments
(cost $1,618,727,911)

  $ 1,647,431,742  
     

 

 

 
SHORT-TERM INVESTMENTS - 1.0%  
          Repurchase Agreements - 0.7%  
    12,194,680    

Fixed Income Clearing Corp. Repurchase Agreement dated 10/30/2020 at 0.060%, due on 11/02/2020 with a maturity value of $12,194,741; collateralized by U.S. Treasury Note at 2.250%, maturing 11/15/2027, with a market value of $12,438,591

  $ 12,194,680  
     

 

 

 
 

 

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

 

 

  118  

 


The Hartford Short Duration Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
SHORT-TERM INVESTMENTS - 1.0% - (continued)  
          Securities Lending Collateral - 0.3%  
$     4,568,395    

Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 0.02%(13)

  $ 4,568,395  
    4,610    

Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 0.03%(13)

    4,610  
     

 

 

 
        4,573,005  
     

 

 

 
   

Total Short-Term Investments
(cost $16,767,685)

  $ 16,767,685  
     

 

 

 
   

Total Investments
(cost $1,635,495,596)

    100.1   $     1,664,199,427  
   

Other Assets and Liabilities

    (0.1 )%      (1,564,626
     

 

 

   

 

 

 
   

Total Net Assets

    100.0   $ 1,662,634,801  
     

 

 

   

 

 

 

 

Note:

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

 

    

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

 

    

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

    

See “Glossary” for abbreviation descriptions.

 

(1) 

Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions that are exempt from registration (typically only to qualified institutional buyers) or in a public offering registered under the Securities Act of 1933. At October 31, 2020, the aggregate value of these securities was $586,413,371, representing 35.3% of net assets.

 

(2) 

Variable or floating rate security, which interest rate adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. Rate shown is the rate in effect as of period end.

(3) 

Variable rate securities; the rate reported is the coupon rate in effect at October 31, 2020. Base lending rates may be subject to a floor or cap.

 

(4) 

Securities disclosed are interest-only strips.

 

(5) 

Fixed to variable rate investment. The rate shown reflects the fixed rate in effect at October 31, 2020. Rate will reset at a future date. Base lending rates may be subject to a floor or cap.

 

(6) 

Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information.

 

(7) 

Security is exempt from registration under Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. At October 31, 2020, the aggregate value of these securities was $3,414,300, representing 0.2% of net assets.

 

(8) 

Security is a zero-coupon bond.

 

(9)

Senior floating rate interests generally pay interest rates which are periodically adjusted by reference to a base short-term, floating lending rate plus a premium. The base lending rates are primarily the LIBOR, and secondarily the prime rate offered by one or more major United States banks (the “Prime Rate”) and the certificate of deposit rate or other base lending rates used by commercial lenders. Senior floating rate interests often require prepayments from excess cash flows or permit the borrower to repay at its election. The rate at which the borrower repays cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. Base lending rates may be subject to a floor or cap. Unless otherwise noted, the interest rate disclosed for these securities represents the rate in effect as of October 31, 2020.

 

(10) 

Represents an unsettled loan commitment. The coupon rate will be determined at time of settlement.

 

(11) 

This security, or a portion of this security, has unfunded loan commitments. As of October 31, 2020, the aggregate value of the unfunded commitment was $639,866, which rounds to 0.0% of total net assets.

 

(12)

Represents or includes a TBA transaction.

 

(13) 

Current yield as of period end.

 
Futures Contracts Outstanding at October 31, 2020  

Description

   Number of
Contracts
     Expiration
Date
     Current
Notional
Amount
     Value and
Unrealized
Appreciation/
(Depreciation)
 
Long position contracts:  

U.S. Treasury 2-Year Note Future

     1,511        12/31/2020      $ 333,694,906      $ (39,156
           

 

 

 
Short position contracts:  

U.S. Treasury 5-Year Note Future

     1,366        12/31/2020      $     171,571,735      $ 327,785  

U.S. Treasury 10-Year Note Future

     255        12/21/2020        35,245,781        190,694  
           

 

 

 

Total

 

   $     518,479  
           

 

 

 

Total futures contracts

 

   $ 479,323  
           

 

 

 

 

Foreign Currency Contracts Outstanding at October 31, 2020  
Amount and Description of
Currency to be Purchased
   Amount and Description of
Currency to be Sold
   Counterparty    Settlement
Date
    Appreciation     Depreciation  
  2,614,000      EUR      3,050,538      USD    TDB      11/04/2020     $     $ (5,874
  3,045,318      USD      2,614,000      EUR    CBK      11/04/2020       654        
  28,202,490      USD      23,802,000      EUR    CBK      11/30/2020       463,161        
  3,052,449      USD      2,614,000      EUR    TDB      12/03/2020       5,764        
                

 

 

   

 

 

 
 

Total Foreign Currency Contracts

    $     469,579     $     (5,874
                

 

 

   

 

 

 

 

 

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

 

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

 

 

  119  

 


The Hartford Short Duration Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Fair Value Summary

The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.

 

Description

   Total     Level 1     Level 2     Level 3(1)  

Assets

 

Asset & Commercial Mortgage-Backed Securities

   $ 340,968,821     $     $ 340,968,821     $  

Corporate Bonds

     894,519,662             894,519,662        

Foreign Government Obligations

     2,102,100             2,102,100        

Municipal Bonds

     13,015,940             13,015,940        

Senior Floating Rate Interests

     263,640,868             263,640,868        

U.S. Government Agencies

     112,973,616             112,973,616        

U.S. Government Securities

     20,210,735             20,210,735        

Short-Term Investments

     16,767,685       4,573,005       12,194,680        

Foreign Currency Contracts(2)

     469,579             469,579        

Futures Contracts(2)

     518,479       518,479              
  

 

 

   

 

 

   

 

 

   

 

 

 

Total

   $     1,665,187,485     $     5,091,484     $     1,660,096,001     $  
  

 

 

   

 

 

   

 

 

   

 

 

 

Liabilities

 

Foreign Currency Contracts(2)

   $ (5,874   $     $ (5,874   $  

Futures Contracts(2)

     (39,156     (39,156            
  

 

 

   

 

 

   

 

 

   

 

 

 

Total

   $ (45,030   $ (39,156   $ (5,874   $     —  
  

 

 

   

 

 

   

 

 

   

 

 

 

 

(1) 

For the year ended October 31, 2020, there were no transfers in and out of Level 3.

 

(2) 

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

 

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

 

 

  120  

 


The Hartford Strategic Income Fund

Schedule of Investments

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 6.4%  
          Asset-Backed - Automobile - 0.1%  
$     475,000    

Exeter Automobile Receivables Trust
2.73%, 12/15/2025(1)

  $ 490,228  
    1,027,157    

Westlake Automobile Receivables Trust
3.28%, 12/15/2022(1)

    1,032,273  
     

 

 

 
        1,522,501  
     

 

 

 
          Asset-Backed - Finance & Insurance - 0.7%  
    961,406    

Aaset Trust 6.41%, 01/16/2040(1)

    407,950  
    1,177,000    

Bellemeade Re Ltd. 4.55%, 06/25/2030, 1 mo. USD LIBOR + 4.400%(1)(2)

    1,190,111  
    665,000    

Bellemeade Re Ltd. 6.15%, 08/26/2030, 1 mo. USD LIBOR + 0.600%(1)(2)

    677,305  
    1,350,000    

Commercial Mortgage Trust
4.64%, 08/10/2047(3)

    1,356,189  
    654,925    

Domino’s Pizza Master Issuer LLC
4.12%, 07/25/2048(1)

    691,784  
    217,145    

Eagle RE Ltd. 1.85%, 11/25/2028, 1 mo. USD LIBOR + 1.700%(1)(2)

    213,825  
    18,661    

Equity One Mortgage Pass-Through Trust
5.46%, 12/25/2033(3)

    15,964  
    3,340,000    

Exeter Automobile Receivables Trust
5.56%, 06/15/2027

    3,362,313  
    1,404,771    

GSAMP Trust 0.24%, 01/25/2037, 1 mo. USD LIBOR + 0.090%(2)

    1,014,478  
    250,000    

Madison Park Funding Ltd.

1.37%, 07/23/2029, 3 mo. USD LIBOR + 1.160%(1)(2)

    248,110  
    77,618    

OneMain Financial Issuance Trust
2.37%, 09/14/2032(1)

    77,750  
   

SoFi Consumer Loan Program LLC

 

    8,842    

2.50%, 05/26/2026(1)

    8,890  
    6,071    

2.77%, 05/25/2026(1)

    6,099  
    232,748    

Springleaf Funding Trust 2.68%, 07/15/2030(1)

    233,060  
    1,965,000    

Vericrest Opportunity Loan Trust
5.19%, 09/25/2049(1)(4)

    1,929,163  
    578,638    

Wendy’s Funding LLC 3.88%, 03/15/2048(1)

    611,759  
     

 

 

 
        12,044,750  
     

 

 

 
          Asset-Backed - Home Equity - 0.4%  
   

GSAA Home Equity Trust

 

    554,004    

0.22%, 12/25/2046, 1 mo. USD LIBOR + 0.070%(2)

    235,156  
    931,754    

0.23%, 02/25/2037, 1 mo. USD LIBOR + 0.080%(2)

    390,289  
    960,840    

0.33%, 11/25/2036, 1 mo. USD LIBOR + 0.180%(2)

    365,451  
    733,020    

0.38%, 04/25/2047, 1 mo. USD LIBOR + 0.230%(2)

    439,444  
    1,382,875    

Legacy Mortgage Asset Trust
3.25%, 11/25/2059(1)(4)

    1,382,835  
    2,212,789    

Morgan Stanley Mortgage Loan Trust

0.32%, 11/25/2036, 1 mo. USD LIBOR + 0.170%(2)

    879,440  
    1,450,000    

Radnor RE Ltd. 5.75%, 10/25/2030, 1 mo. USD LIBOR + 5.600%(1)(2)

    1,451,884  
   

Soundview Home Loan Trust

 

    2,251,000    

0.39%, 07/25/2036, 1 mo. USD LIBOR + 0.240%(2)

    1,983,962  
    115,000    

0.40%, 11/25/2036, 1 mo. USD LIBOR + 0.250%(2)

    107,240  
     

 

 

 
        7,235,701  
     

 

 

 
Shares or Principal Amount   Market Value  
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 6.4% - (continued)  
          Collateralized - Mortgage Obligations - 0.1%  
$     1,700,000    

Natixis Commercial Mortgage Securities Trust 4.30%, 10/15/2036(1)

  $ 1,585,530  
     

 

 

 
          Commercial Mortgage-Backed Securities - 1.5%  
    2,060,000    

BAMLL Commercial Mortgage Securities Trust 3.72%, 11/05/2032(1)(3)

    1,287,554  
    2,490,000    

BBCMS Mortgage Trust 0.99%, 04/15/2053(3)(5)

    213,267  
    999,086    

BX Commercial Mortgage Trust

2.65%, 12/15/2036, 1 mo. USD LIBOR + 2.500%(1)(2)

    954,685  
    2,260,000    

CAMB Commercial Mortgage Trust

3.40%, 12/15/2037, 1 mo. USD LIBOR + 3.250%(1)(2)

    2,141,225  
    987,148    

CF Hippolyta LLC 2.60%, 07/15/2060(1)

    994,543  
    180,000    

Citigroup Commercial Mortgage Trust
4.59%, 03/10/2047(1)(3)

    128,283  
   

Commercial Mortgage Trust

 

    560,000    

4.59%, 10/15/2045(1)(3)

    28,000  
    981,000    

4.75%, 10/15/2045(1)(3)

    468,496  
    4,725    

Credit Suisse First Boston Mortgage Securities Corp. 4.88%, 04/15/2037

    4,586  
   

DBJPM Mortgage Trust

 

    21,055,634    

1.47%, 08/10/2049(3)(5)

    1,447,259  
    4,159,055    

1.71%, 09/15/2053(3)(5)

    464,945  
   

GS Mortgage Securities Trust

 

    3,973,095    

0.07%, 07/10/2046(3)(5)

    8,734  
    7,562,317    

0.67%, 02/13/2053(3)(5)

    375,931  
    359,593    

1.32%, 08/10/2044(1)(3)(5)

    1,549  
    565,333    

3.67%, 04/10/2047(1)

    102,518  
    2,190,000    

4.74%, 11/10/2045(1)(3)

    2,115,237  
    175,000    

4.97%, 04/10/2047(1)(3)

    95,902  
    452,252    

Homeward Opportunities Fund Trust
2.70%, 09/25/2059(1)(3)

    456,714  
   

JP Morgan Chase Commercial Mortgage Securities Trust

 
    860,000    

2.73%, 10/15/2045(1)(3)

    491,860  
    485,000    

4.42%, 12/15/2047(1)(3)

    335,957  
    765,000    

5.42%, 08/15/2046(1)(3)

    611,595  
   

Morgan Stanley Capital Trust

 

    2,055,000    

4.28%, 06/15/2050(3)

    2,036,973  
    465,000    

5.24%, 07/15/2049(1)(3)

    229,983  
    4,551    

5.67%, 10/12/2052(1)(3)

    1,025  
    255,000    

MTRO Commercial Mortgage Trust

2.20%, 12/15/2033, 1 mo. USD LIBOR + 2.050%(1)(2)

    243,600  
    1,720,461    

PRPM 4.75%, 10/25/2024(1)(3)

    1,716,783  
    1,013,642    

Securitized Term Auto Loan Receivables Trust 4.57%, 03/25/2026(1)

    1,039,018  
    870,000    

VNDO Mortgage Trust 3.95%, 12/13/2029(1)(3)

    862,908  
    15,000    

Wells Fargo Commercial Mortgage Trust
4.15%, 05/15/2048(3)

    14,080  
   

Wells Fargo N.A.

 

    6,573,249    

0.60%, 11/15/2062(3)(5)

    307,683  
    28,841,273    

0.65%, 11/15/2062(3)(5)

    1,471,557  
    5,362,911    

0.70%, 12/15/2052(3)(5)

    293,087  
    12,420,980    

0.89%, 01/15/2063(3)(5)

    851,680  
    9,368,003    

0.90%, 05/15/2062(3)(5)

    592,536  
   

WF-RBS Commercial Mortgage Trust

 

    900,599    

3.02%, 11/15/2047(1)

    270,249  
    2,125,000    

4.81%, 11/15/2045(1)(3)

    1,672,575  
    215,000    

5.00%, 06/15/2044(1)(3)

    119,519  
     

 

 

 
        24,452,096  
     

 

 

 
          FHLMC Collateral - 0.0%  
    2,355,000    

FHLMC 1.90%, 02/25/2047(3)(5)

    330,078  
     

 

 

 
 

 

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

 

 

  121  

 


The Hartford Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 6.4% - (continued)  
          Other Asset-Backed Securities - 1.5%  
$     772,331    

Affirm Asset Securitization Trust
3.46%, 10/15/2024(1)

  $ 777,223  
    45,969    

Bayview Koitere Fund Trust
4.00%, 11/28/2053(1)(3)

    47,824  
    100,965    

Bayview Mortgage Fund Trust
3.50%, 01/28/2058(1)(3)

    101,974  
   

Bayview Opportunity Master Fund Trust

 

    48,341    

3.50%, 01/28/2055(1)(3)

    49,276  
    82,546    

3.50%, 06/28/2057(1)(3)

    85,274  
    92,100    

4.00%, 10/28/2064(1)(3)

    95,691  
    475,200    

Domino’s Pizza Master Issuer LLC
3.67%, 10/25/2049(1)

    501,250  
    598,957    

Marlette Funding Trust 2.69%, 09/17/2029(1)

    603,639  
    2,015,000    

Preston Ridge Partners Mortgage Trust LLC
5.07%, 09/25/2025(1)(4)

    2,013,524  
    415,000    

Pretium Mortgage Credit Partners LLC
6.17%, 02/27/2060(1)(4)

    415,203  
    427    

SoFi Consumer Loan Program LLC
3.28%, 01/26/2026(1)

    428  
   

Towd Point Mortgage Trust

 

    57,827    

2.25%, 04/25/2056(1)(3)

    58,507  
    56,272    

2.75%, 08/25/2055(1)(3)

    57,625  
    163,458    

2.75%, 10/25/2056(1)(3)

    167,538  
    40,083    

2.75%, 04/25/2057(1)(3)

    41,153  
    1,492,141    

2.75%, 06/25/2057(1)(3)

    1,543,504  
    93,037    

2.75%, 07/25/2057(1)(3)

    95,729  
    1,115,783    

2.75%, 10/25/2057(1)(3)

    1,151,761  
   

Vericrest Opportunity Loan Trust

 

    3,630,000    

5.19%, 10/25/2049(1)(4)

    3,567,017  
    2,620,000    

5.19%, 11/25/2049(1)(4)

    2,552,418  
    1,650,000    

VOLT LXIII LLC 4.34%, 02/25/2050(1)(4)

    1,595,346  
    4,960,000    

VOLT LXXX LLC 5.07%, 10/25/2049(1)(4)

    4,832,623  
    410,000    

VOLT LXXXIII LLC 4.95%, 11/26/2049(1)(4)

    399,707  
    3,760,000    

VOLT LXXXV LLC 4.46%, 01/25/2050(1)(4)

    3,610,326  
     

 

 

 
        24,364,560  
     

 

 

 
          Whole Loan Collateral CMO - 2.1%  
   

Alternative Loan Trust

 

    218,149    

0.47%, 11/25/2035, 1 mo. USD LIBOR + 0.320%(2)

    189,199  
    138,939    

0.69%, 01/25/2036, 1 mo. USD LIBOR + 0.540%(2)

    133,567  
    714,062    

5.75%, 05/25/2036

    475,609  
    690,069    

6.00%, 05/25/2036

    538,189  
    898,683    

Arroyo Mortgage Trust 2.96%, 10/25/2048(1)(3)

    921,633  
    14,157,726    

Banc of America Commercial Mortgage Trust
1.79%, 03/15/2063(3)(5)

    2,082,199  
    183,255    

Banc of America Mortgage Trust
2.99%, 09/25/2035(3)

    172,406  
    156,683    

Bear Stearns Adjustable Rate Mortgage Trust

2.41%, 10/25/2035, 12 mo. USD CMT + 2.300%(2)

    158,247  
    72,079    

Bear Stearns Alt-A Trust 0.65%, 01/25/2036, 1 mo. USD LIBOR + 0.500%(2)

    81,643  
    111,022    

Bellemeade Re Ltd. 1.25%, 07/25/2029, 1 mo. USD LIBOR + 1.100%(1)(2)

    110,809  
    15,339,033    

Benchmark Mortgage Trust 1.23%, 03/15/2062(3)(5)

    1,219,838  
    753,173    

Chase Mortgage Finance Trust 5.50%, 11/25/2035

    704,706  
    413,927    

CHL Mortgage Pass-Through Trust 3.02%, 09/25/2047(3)

    385,716  
    505,428    

COLT Mortgage Loan Trust 2.76%, 08/25/2049(1)(3)

    510,785  
Shares or Principal Amount   Market Value  
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 6.4% - (continued)  
          Whole Loan Collateral CMO - 2.1% - (continued)  
$     92,787    

CSMC Trust 3.25%, 04/25/2047(1)(3)

  $ 95,909  
   

Deephaven Residential Mortgage Trust

 

    16,386    

2.45%, 06/25/2047(1)(3)

    16,422  
    41,690    

2.81%, 10/25/2047(1)(3)

    42,131  
    1,133,331    

2.96%, 07/25/2059(1)(3)

    1,145,397  
   

Fannie Mae Connecticut Avenue Securities

 

    1,816,912    

2.75%, 05/25/2024, 1 mo. USD LIBOR + 2.600%(2)

    1,599,894  
    2,094,531    

3.15%, 07/25/2024, 1 mo. USD LIBOR + 3.000%(2)

    1,856,776  
    5,143,445    

4.55%, 01/25/2024, 1 mo. USD LIBOR + 4.400%(2)

    4,873,936  
    44,539    

GMACM Mortgage Loan Trust 3.67%, 04/19/2036(3)

    38,721  
    470,134    

GSR Mortgage Loan Trust 3.74%, 01/25/2036(3)

    467,100  
    1,312,523    

HarborView Mortgage Loan Trust

0.39%, 12/19/2036, 1 mo. USD LIBOR + 0.240%(2)

    1,207,526  
    33,659    

Impac CMB Trust 2.40%, 02/25/2036, 1 mo. USD LIBOR + 2.250%(2)

    33,661  
    431,177    

IndyMac IMSC Mortgage Loan Trust

0.30%, 03/25/2047, 1 mo. USD LIBOR + 0.150%(2)

    340,477  
   

JP Morgan Mortgage Trust

 

    173,231    

2.90%, 11/25/2035(3)

    162,987  
    225,532    

3.59%, 05/25/2036(3)

    200,864  
    39,913    

3.65%, 04/25/2037(3)

    36,067  
    785,632    

LSTAR Securities Investment Trust

1.85%, 03/01/2024, 1 mo. USD LIBOR + 1.700%(1)(2)

    780,264  
    80,338    

MASTR Adjustable Rate Mortgages Trust
3.19%, 11/21/2034(3)

    81,568  
    31,838    

MFA Trust 2.59%, 02/25/2057(1)(3)

    32,212  
    1,125,000    

Mortgage Insurance-Linked Notes

2.05%, 11/26/2029, 1 mo. USD LIBOR + 1.900%(1)(2)

    1,115,986  
   

New Residential Mortgage Loan Trust

 

    117,746    

1.65%, 06/25/2057, 1 mo. USD LIBOR + 1.500%(1)(2)

    118,213  
    102,023    

3.75%, 11/26/2035(1)(3)

    110,024  
    96,651    

3.75%, 11/25/2056(1)(3)

    103,735  
    1,512,434    

3.75%, 11/25/2058(1)(3)

    1,612,967  
    144,013    

4.00%, 02/25/2057(1)(3)

    155,774  
    143,312    

4.00%, 03/25/2057(1)(3)

    154,370  
    108,181    

4.00%, 04/25/2057(1)(3)

    116,688  
    119,717    

4.00%, 05/25/2057(1)(3)

    130,576  
    259,722    

Nomura Asset Acceptance Corp. Alternative Loan Trust 3.87%, 06/25/2036(3)

    231,914  
    2,735,000    

Oaktown Re IV Ltd. 7.15%, 07/25/2030, 1 mo. USD LIBOR + 7.000%(1)(2)

    2,840,813  
    530,789    

PMT Credit Risk Transfer Trust

2.15%, 03/27/2024, 1 mo. USD LIBOR + 2.000%(1)(2)

    480,304  
    1,086,360    

Structured Asset Mortgage Investments Trust

0.38%, 02/25/2036, 1 mo. USD LIBOR + 0.230%(2)

    999,626  
    4,305,000    

Vericrest Opportunity Loan Trust
4.34%, 02/25/2050(1)(4)

    4,120,249  
    2,170,000    

Verus Securitization Trust
5.68%, 08/25/2050(1)(4)

    2,167,685  
    22,573    

WaMu Mortgage Pass-Through Certificates Trust 0.57%, 06/25/2044, 1 mo. USD LIBOR + 0.420%(2)

    21,797  
 

 

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

 

 

  122  

 


The Hartford Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 6.4% - (continued)  
          Whole Loan Collateral CMO - 2.1% - (continued)  
$     479,396    

Washington Mutual Mortgage Pass-Through Certificates WMALT Trust

0.75%, 07/25/2036, 1 mo. USD LIBOR + 0.600%(2)

  $ 304,390  
    4,298,025    

Wells Fargo N.A. 1.36%, 03/15/2063(3)(5)

    391,734  
     

 

 

 
        35,873,303  
     

 

 

 
          Whole Loan Collateral PAC - 0.0%  
    37,275    

Alternative Loan Trust 0.65%, 12/25/2035, 1 mo. USD LIBOR + 0.500%(2)

    18,230  
     

 

 

 
   

Total Asset & Commercial Mortgage-Backed Securities
(cost $110,131,189)

  $ 107,426,749  
     

 

 

 
CORPORATE BONDS - 32.3%  
      Advertising - 0.0%  
    350,000    

Lamar Media Corp. 3.75%, 02/15/2028

  $ 348,586  
     

 

 

 
      Aerospace/Defense - 1.0%  
 

Bombardier, Inc.

 

    225,000    

6.13%, 01/15/2023(1)

    194,119  
    200,000    

7.88%, 04/15/2027(1)

    145,694  
    225,000    

DAE Funding LLC 5.00%, 08/01/2024(1)

    227,340  
    3,635,000    

Embraer Netherlands Finance B.V.
6.95%, 01/17/2028(1)

    3,660,445  
    5,875,000    

Howmet Aerospace, Inc. 6.88%, 05/01/2025

    6,535,937  
    3,210,000    

Spirit AeroSystems, Inc. 5.50%, 01/15/2025(1)

    3,266,175  
    475,000    

SSL Robotics LLC 9.75%, 12/31/2023(1)

    528,259  
 

TransDigm, Inc.

 

    725,000    

6.25%, 03/15/2026(1)

    755,805  
    840,000    

8.00%, 12/15/2025(1)

    909,552  
    1,050,000    

Triumph Group, Inc. 8.88%, 06/01/2024(1)

    1,114,628  
     

 

 

 
    17,337,954  
     

 

 

 
      Agriculture - 0.4%  
 

Kernel Holding S.A.

 

    4,650,000    

6.50%, 10/17/2024(1)

    4,668,600  
    1,555,000    

6.50%, 10/17/2024(6)

    1,561,220  
    1,090,000    

6. 75%, 10/27/2027(1)

    1,084,550  
     

 

 

 
    7,314,370  
     

 

 

 
      Airlines - 0.3%  
    4,790,000    

Spirit Loyalty Cayman Ltd. / Spirit IP Cayman Ltd. 8.00%, 09/20/2025(1)

    5,077,400  
     

 

 

 
      Apparel - 0.2%  
    150,000    

G-III Apparel Group Ltd. 7.88%, 08/15/2025(1)

    151,875  
    1,200,000    

PVH Corp. 4.63%, 07/10/2025

    1,266,001  
    2,285,000    

William Carter Co. 5.50%, 05/15/2025(1)

    2,399,250  
     

 

 

 
    3,817,126  
     

 

 

 
      Auto Manufacturers - 0.5%  
CAD     50,000    

BMW Canada, Inc. 1.83%, 06/15/2021

    37,841  
EUR     225,000    

Fiat Chrysler Automobiles N.V.
4.50%, 07/07/2028(6)

    303,913  
 

Ford Motor Co.

 

$     205,000    

4.75%, 01/15/2043

    189,358  
    200,000    

8.50%, 04/21/2023

    220,750  
 

Ford Motor Credit Co. LLC

 

    200,000    

4.54%, 08/01/2026

    203,500  
    200,000    

5.13%, 06/16/2025

    208,458  
 

General Motors Co.

 

    30,000    

6.13%, 10/01/2025

    35,110  
    25,000    

6.80%, 10/01/2027

    30,691  
CAD     2,500,000    

Honda Canada Finance, Inc. 2.16%, 02/18/2021

    1,885,292  
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 32.3% - (continued)  
      Auto Manufacturers - 0.5% - (continued)  
$     1,075,000    

Volkswagen Group of America Finance LLC

1.02%, 11/13/2020, 3 mo. USD LIBOR + 0.770%(1)(2)

  $ 1,075,210  
CAD     5,625,000    

VW Credit Canada, Inc. 2.90%, 03/29/2021

    4,261,667  
     

 

 

 
    8,451,790  
     

 

 

 
          Auto Parts & Equipment - 0.5%  
 

Adient Global Holdings Ltd.

 

EUR     2,385,000    

3.50%, 08/15/2024(6)

    2,588,180  
$     1,050,000    

4.88%, 08/15/2026(1)

    1,005,249  
    1,225,000    

Clarios Global L.P. 6.75%, 05/15/2025(1)

    1,295,560  
EUR     1,985,000    

Clarios Global L.P. / Clarios U.S. Finance Co.
4.38%, 05/15/2026(6)

    2,317,841  
    475,000    

LKQ European Holdings B.V.
3.63%, 04/01/2026(6)

    559,964  
     

 

 

 
    7,766,794  
     

 

 

 
      Beverages - 0.2%  
$     2,095,000    

Anheuser-Busch InBev Worldwide, Inc.
4.50%, 06/01/2050

    2,474,797  
EUR     1,120,000    

Sunshine Mid B.V. 6.50%, 05/15/2026(6)

    1,301,147  
     

 

 

 
    3,775,944  
     

 

 

 
      Biotechnology - 0.0%  
$     145,000    

Emergent BioSolutions, Inc. 3.88%, 08/15/2028(1)

    145,725  
     

 

 

 
      Chemicals - 0.7%  
    2,610,000    

OCI N.V. 4.63%, 10/15/2025(1)

    2,643,147  
 

OCP S.A.

 

    400,000    

4.50%, 10/22/2025(6)

    422,950  
    200,000    

5.63%, 04/25/2024(6)

    217,106  
 

Syngenta Finance N.V.

 

EUR     240,000    

3.38%, 04/16/2026(6)

    300,263  
$     795,000    

5.68%, 04/24/2048(6)

    869,204  
    3,436,000    

5.68%, 04/24/2048(1)

    3,756,710  
 

Yingde Gases Investment Ltd.

 

    530,000    

6.25%, 01/19/2023(1)

    545,870  
    2,295,000    

6.25%, 01/19/2023(6)

    2,363,721  
     

 

 

 
    11,118,971  
     

 

 

 
      Commercial Banks - 4.1%  
 

Abanca Corp. Bancaria S.A.

 

EUR     800,000    

4.63%, 04/07/2030, (4.63% fixed rate until 04/07/2025; 5 year EUR Swap + 5.014% thereafter)(6)(7)

    908,427  
    800,000    

6.13%, 01/18/2029, (6.13% fixed rate until 01/18/2024; 5 year EUR Swap + 5.927% thereafter)(6)(7)

    964,330  
    600,000    

7.50%, 10/02/2023, (7.50% fixed rate until 10/02/2023; 5 year EUR Swap + 7.326% thereafter)(6)(7)(8)

    652,847  
 

Banca Monte dei Paschi di Siena S.p.A.

 

    1,475,000    

5.38%, 01/18/2028, (5.38% fixed rate until 01/18/2023; 5 year EUR Swap + 5.005% thereafter)(6)(7)

    1,327,218  
    200,000    

10.50%, 07/23/2029(6)

    231,759  
 

Banco BPM S.p.A.

 

    200,000    

1.38%, 12/21/2020, 3 mo. EURIBOR + 1.880%(2)(8)

    209,637  
    650,000    

8.75%, 06/18/2024, (8.75% fixed rate until 06/18/2024; 5 year EUR Swap + 8.921% thereafter)(6)(7)(8)

    757,380  
$     185,000    

Banco de Credito del Peru
3.13%, 07/01/2030, (3.13% fixed rate until 07/01/2025; 5 year USD CMT + 3.000% thereafter)(1)(7)

    187,037  
 

 

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

 

 

  123  

 


The Hartford Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 32.3% - (continued)  
      Commercial Banks - 4.1% - (continued)  
EUR     1,100,000    

Banco de Credito Social Cooperativo S.A.
7.75%, 06/07/2027, (7.75% fixed rate until 06/07/2022; 5 year EUR Swap + 7.591% thereafter)(6)(7)

  $ 1,195,998  
 

Banco do Brasil S.A.

 

$     200,000    

4.63%, 01/15/2025, 5 year EUR Swap + 7.591%(1)

    212,502  
    225,000    

4.75%, 03/20/2024, 5 year EUR Swap + 7.591%(1)

    239,065  
    200,000    

4.75%, 03/20/2024(6)

    212,502  
EUR     575,000    

Banco Santander S.A. 1.00%, 12/15/2024(3)(8)

    573,468  
$     400,000    

Bancolombia S.A. 4.63%, 12/18/2029, (4.63% fixed rate until 12/18/2024; 5 year USD CMT + 2.944% thereafter)(7)

    390,500  
    200,000    

Bank Leumi Le-Israel BM
3.28%, 01/29/2031, (3.28% fixed rate until 01/29/2026; 5 year USD CMT + 1.631% thereafter)(1)(6)(7)

    201,690  
 

Bank of China Ltd.

 

    500,000    

0.97%, 04/17/2021, 3 mo. USD LIBOR + 0.750%(2)(6)

    499,935  
    1,110,000    

1.00%, 03/08/2021, 3 mo. USD LIBOR + 0.750%(2)(6)

    1,110,682  
EUR     1,000,000    

Bankia S.A. 6.00%, 07/18/2022, (6.00% fixed rate until 07/18/2022; 5 year EUR Swap + 5.819% thereafter)(6)(7)(8)

    1,134,078  
$     310,000    

BBVA Global Finance Ltd. 7.00%, 12/01/2025

    355,991  
 

BNP Paribas S.A.

 

    800,000    

4.50%, 02/25/2030, (4.50% fixed rate until 02/25/2030; 5 year USD CMT + 2.944% thereafter)(1)(7)(8)

    762,000  
    550,000    

5.13%, 11/15/2027, (5.13% fixed rate until 11/15/2027; 5 year USD Swap + 2.838% thereafter)(6)(7)(8)

    545,188  
    400,000    

7.63%, 03/30/2021, (7.63% fixed rate until 03/30/2021; 5 year USD Swap + 6.314% thereafter)(1)(7)(8)

    405,000  
    300,000    

China Construction Bank Corp.

0.97%, 09/24/2021, 3 mo. USD LIBOR + 0.750%(2)(6)

    299,994  
EUR     800,000    

Cooperatieve Rabobank UA
4.38%, 06/29/2027, (4.38% fixed rate until 06/29/2027; 5 year EUR Swap + 4.679% thereafter)(6)(7)(8)

    951,519  
 

Credit Agricole S.A.

 

$     1,595,000    

6.88%, 09/23/2024, (6.88% fixed rate until 09/23/2024; 5 year USD Swap + 4.319% thereafter)(6)(7)(8)(9)

    1,707,639  
GBP     325,000    

7.50%, 06/23/2026, (7.50% fixed rate until 06/23/2026; 5 year GBP Swap + 4.535% thereafter)(6)(7)(8)

    474,394  
$     225,000    

8.13%, 12/23/2025, (8.13% fixed rate until 12/23/2025; 5 year USD Swap + 6.185% thereafter)(1)(7)(8)

    264,015  
EUR     800,000    

Credit Mutuel Arkea S.A.
3.38%, 03/11/2031(6)

    1,075,186  
$     1,155,000    

Credit Suisse AG 0.54%, 02/04/2022, 3 mo. USD SOFR + 0.450%(2)

    1,156,027  
 

Credit Suisse Group AG

 

    775,000    

5.10%, 01/24/2030, (5.10% fixed rate until 01/24/2030; 5 year USD CMT + 3.293% thereafter)(6)(7)(8)

    749,812  
    600,000    

5.25%, 02/11/2027, (5.25% fixed rate until 02/11/2027; 5 year USD CMT + 4.889% thereafter)(1)(7)(8)

    604,080  
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 32.3% - (continued)  
      Commercial Banks - 4.1% - (continued)  
$     2,590,000    

6.25%, 12/18/2024, (6.25% fixed rate until 12/18/2024; 5 year USD Swap + 3.455% thereafter)(1)(7)(8)

  $ 2,758,350  
    450,000    

6.25%, 12/18/2024, (6.25% fixed rate until 12/18/2024; 5 year USD Swap + 3.455% thereafter)(6)(7)(8)

    479,250  
    1,100,000    

6.38%, 08/21/2026, (6.38% fixed rate until 08/21/2026; 5 year USD CMT + 4.822% thereafter)(6)(7)(8)

    1,181,125  
    625,000    

7.25%, 09/12/2025, (7.25% fixed rate until 09/12/2025; 5 year USD CMT + 4.332% thereafter)(6)(7)(8)

    677,319  
    950,000    

Credit Suisse Group Funding Guernsey Ltd.

2.51%, 04/16/2021, 3 mo. USD LIBOR + 2.290%(2)

    959,433  
    1,455,000    

Danske Bank A/S 7.00%, 06/26/2025,
(7.00% fixed rate until 06/26/2025; 7 year USD CMT + 4.130% thereafter)(6)(7)(8)

    1,559,964  
1,175,000

 

 

Deutsche Bank AG 3.55%, 09/18/2031, (3.55% fixed rate until 09/18/2030; 3 mo. USD SOFR + 3.043% thereafter)(7)

    1,194,321  
    1,000,000    

6.00%, 10/30/2025, (6.00% fixed rate until 10/30/2025; 5 year USD CMT + 4.524% thereafter)(7)(8)

    890,000  
 

DNB Bank ASA

 

    550,000    

4.88%, 11/12/2024, (4.88% fixed rate until 11/12/2024; 5 year USD CMT + 3.140% thereafter)(6)(7)(8)

    551,375  
    625,000    

6.50%, 03/26/2022, (6.50% fixed rate until 03/26/2022; 5 year USD Swap + 5.080% thereafter)(6)(7)(8)

    642,969  
EUR     1,600,000    

Erste Group Bank AG 6.50%, 04/15/2024, (6.50% fixed rate until 04/15/2024; 5 year EUR Swap + 6.204%
thereafter)(6)(7)(8)

    1,980,166  
    925,000    

FinecoBank Banca Fineco S.p.A.
5.88%, 12/03/2024, (5.88% fixed rate until 12/03/2024; 5 year EUR Swap + 6.144% thereafter)(6)(7)(8)

    1,067,067  
 

Freedom Mortgage Corp.

 

$     4,260,000    

7.63%, 05/01/2026(1)

    4,246,709  
    1,320,000    

8.13%, 11/15/2024(1)

    1,329,900  
    200,000    

Grupo Aval Ltd. 4.75%, 09/26/2022(6)

    208,020  
EUR     600,000    

IKB Deutsche Industriebank AG
4.00%, 01/31/2028, (4.00% fixed rate until 01/31/2023; 5 year EUR Swap + 3.617% thereafter)(6)(7)

    657,030  
 

Industrial & Commercial Bank of China Ltd.

 

$     400,000    

0.98%, 06/14/2021, 3 mo. USD LIBOR + 0.730%(2)(6)

    400,000  
    400,000    

0.98%, 04/16/2021, 3 mo. USD LIBOR + 0.750%(2)(6)

    400,128  
    2,290,000    

1.00%, 05/21/2021, 3 mo. USD LIBOR + 0.750%(2)(6)

    2,290,801  
    1,000,000    

1.02%, 12/14/2020, 3 mo. USD LIBOR + 0.770%(2)(6)

    1,000,190  
    200,000    

4.88%, 09/21/2025(6)

    224,984  
    900,000    

ING Groep N.V. 5.75%, 11/16/2026,

(5.75% fixed rate until 11/16/2026; 5 year USD CMT + 4.342%
thereafter)(7)(8)

    937,692  
    475,000    

6.50%, 04/16/2025, (6.50% fixed rate until 04/16/2025; 5 year USD Swap + 4.446% thereafter)(7)(8)

    502,906  
 

 

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

 

 

  124  

 


The Hartford Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 32.3% - (continued)  
      Commercial Banks - 4.1% - (continued)  
EUR     200,000    

Intesa Sanpaolo S.p.A.
7.00%, 01/19/2021, (7.00% fixed rate until 01/19/2021; 5 year EUR Swap + 6.884% thereafter)(6)(7)(8)

  $ 233,221  
$     725,000    

Itau Unibanco Holding S.A. 2.90%, 01/24/2023(1)

    730,445  
    1,820,000    

JP Morgan Chase & Co.
2.96%, 05/13/2031, (2.96% fixed rate until 05/13/2030; 3 mo. USD SOFR + 2.515% thereafter)(7)

    1,938,205  
    200,000    

Kookmin Bank 2.50%, 11/04/2030(1)

    200,036  
 

Novo Banco S.A.

 

EUR     2,160,000    

3.50%, 01/23/2043

    2,056,464  
    1,785,000    

3.50%, 02/19/2043(6)

    1,696,424  
    2,095,000    

3.50%, 03/18/2043(6)

    1,994,711  
 

Raiffeisen Bank International AG

 

    900,000    

6.00%, 10/16/2023(6)

    1,194,554  
    1,200,000    

6.13%, 12/15/2022, (6.13% fixed rate until 12/15/2022; 5 year EUR Swap + 5.954% thereafter)(6)(7)(8)

    1,347,127  
$     200,000    

Royal Bank of Scotland Group plc
8.63%, 08/15/2021, (8.63% fixed rate until 08/15/2021; 5 year USD Swap + 7.598% thereafter)(7)(8)

    206,422  
    4,020,000    

Santander Holdings USA, Inc.
3.45%, 06/02/2025

    4,328,944  
EUR     400,000    

Stichting AK Rabobank Certificaten
0.00%, 12/29/2049(6)(8)

    577,084  
 

UBS Group AG

 

$     200,000    

6.88%, 08/07/2025, (6.88% fixed rate until 08/07/2025; 5 year USD Swap + 4.590% thereafter)(6)(7)(8)

    220,500  
    650,000    

7.00%, 01/31/2024, (7.00% fixed rate until 01/31/2024; 5 year USD Swap + 4.344% thereafter)(6)(7)(8)

    699,563  
    1,300,000    

7.00%, 02/19/2025, (7.00% fixed rate until 02/19/2025; 5 year USD Swap + 4.866% thereafter)(6)(7)(8)

    1,448,655  
    685,000    

UniCredit S.p.A. 5.46%, 06/30/2035,
(5.46% fixed rate until 06/30/2030; 5 year USD CMT + 4.750% thereafter)(1)(7)

    693,797  
EUR     600,000    

Volksbank Wien AG
7.75%, 04/09/2024, (7.75% fixed rate until 04/09/2024; EUAMDB05 + 7.880% thereafter)(6)(7)(8)

    665,933  
CAD     1,800,000    

Wells Fargo & Co. 2.22%, 03/15/2021

    1,359,775  
     

 

 

 
    68,091,459  
     

 

 

 
      Commercial Services - 1.0%  
GBP     325,000    

AA Bond Co., Ltd. 6.27%, 07/02/2043(6)

    445,986  
$     300,000    

APX Group, Inc. 6.75%, 02/15/2027(1)

    312,750  
EUR     375,000    

Arena Luxembourg Finance S.a.r.l.
1.88%, 02/01/2028(6)

    357,476  
$     275,000    

Ashtead Capital, Inc. 4.00%, 05/01/2028(1)

    286,687  
    5,985,000    

DP World Salaam 6.00%, 10/01/2025,
(6.00% fixed rate until 10/01/2025; 5 year USD CMT + 5.750% thereafter)(6)(7)(8)

    6,269,287  
    260,000    

Gartner, Inc. 3.75%, 10/01/2030(1)

    265,876  
    360,000    

Herc Holdings, Inc. 5.50%, 07/15/2027(1)

    369,945  
    280,000    

Jaguar Holding Co. 5.00%, 06/15/2028(1)

    291,847  
IDR     4,400,000,000    

Jasa Marga Persero Tbk PT
7.50%, 12/11/2020(1)

    296,671  
EUR     2,655,000    

La Financiere Atalian SASU
4.00%, 05/15/2024(6)

    2,670,000  
    425,000    

Loxam SAS 3.25%, 01/14/2025(6)

    459,728  
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 32.3% - (continued)  
      Commercial Services - 1.0% - (continued)  
   

Q-Park Holding I B.V.

 

EUR

    100,000    

1.50%, 03/01/2025(6)

  $ 101,092  
    230,000    

2.00%, 03/01/2026, 3 mo. Euribor + 2.000%(2)(6)

    231,193  
    540,000    

2.00%, 03/31/2026, 3 mo. EURIBOR + 2.000%(1)(2)

    542,801  
    300,000    

2.00%, 03/01/2027(6)

    297,174  
    755,000    

Refinitiv U.S. Holdings, Inc. 6.88%, 11/15/2026(6)

    947,521  
$     25,000    

Service Corp. International
5.13%, 06/01/2029

    27,321  
EUR     475,000    

Techem Verwaltungsgesellschaft 675 mbH
2.00%, 07/15/2025(6)

    524,342  
    1,350,000    

Verisure Holding AB 3.88%, 07/15/2026(1)

    1,566,382  
     

 

 

 
    16,264,079  
     

 

 

 
      Construction Materials - 0.1%  
$     295,000    

Builders FirstSource, Inc. 5.00%, 03/01/2030(1)

    311,225  
    125,000    

Norbord, Inc. 5.75%, 07/15/2027(1)

    131,250  
 

Standard Industries, Inc.

 

    50,000    

3.38%, 01/15/2031(1)

    48,667  
    550,000    

4.75%, 01/15/2028(1)

    574,750  
     

 

 

 
    1,065,892  
     

 

 

 
      Distribution/Wholesale - 0.1%  
    135,000    

American Builders & Contractors Supply Co., Inc. 4.00%, 01/15/2028(1)

    137,025  
    120,000    

Core & Main Holdings L.P. (8.63% Cash, 9.38% PIK) 8.63%, 09/15/2024(1)(10)

    120,900  
 

Parts Europe S.A.

 

EUR     225,000    

6.50%, 07/16/2025(1)

    256,805  
    230,000    

6.50%, 07/16/2025(6)

    262,512  
 

Performance Food Group, Inc.

 

$     380,000    

5.50%, 10/15/2027(1)

    389,500  
    280,000    

6.88%, 05/01/2025(1)(9)

    296,100  
     

 

 

 
    1,462,842  
     

 

 

 
          Diversified Financial Services - 1.5%  
CAD     2,485,000    

Cadillac Fairview Finance Trust
4.31%, 01/25/2021

    1,881,423  
 

Credit Acceptance Corp.

 

$     225,000    

5.13%, 12/31/2024(1)

    223,313  
    375,000    

6.63%, 03/15/2026

    389,062  
    4,070,000    

CSN Islands Corp. 6.75%, 01/28/2028(1)

    4,002,845  
    835,000    

Fly Leasing Ltd. 5.25%, 10/15/2024

    698,373  
    1,030,000    

Genworth Mortgage Holdings, Inc.
6.50%, 08/15/2025(1)

    1,073,775  
    300,000    

goeasy Ltd. 5.38%, 12/01/2024(1)

    303,000  
    400,000    

ICBCIL Finance Co., Ltd. 1.23%, 05/15/2021, 3 mo. USD LIBOR + 0.950%(2)(6)

    398,960  
    150,000    

Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp.
5.25%, 03/15/2022(1)

    145,782  
    3,530,000    

LD Holdings Group LLC 6.50%, 11/01/2025(1)

    3,582,950  
EUR     965,000    

LeasePlan Corp. N.V. 7.38%, 05/29/2024, (7.38% fixed rate until 05/29/2024; EUAMDB05 + 7.556% thereafter)(6)(7)(8)

    1,132,744  
    1,040,000    

LHC3 plc (4.13% Cash, 4.88% PIK Toogle)
4.13%, 08/15/2024(6)(10)

    1,211,842  
$     240,000    

Minejesa Capital B.V. 5.63%, 08/10/2037(6)

    248,400  
    75,000    

Navient Corp. 6.50%, 06/15/2022

    76,500  
    2,920,000    

Operadora de Servicios Mega S.A. de C.V.
8.25%, 02/11/2025(1)

    2,701,584  
    2,775,000    

PennyMac Financial Services, Inc.
5.38%, 10/15/2025(1)

    2,829,667  
 

 

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

 

 

  125  

 


The Hartford Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 32.3% - (continued)  
          Diversified Financial Services - 1.5% - (continued)  
$     200,000    

Power Finance Corp. Ltd.
3.95%, 04/23/2030(6)

  $ 195,732  
 

Springleaf Finance Corp.

 

    285,000    

5.38%, 11/15/2029

    292,849  
    225,000    

6.13%, 03/15/2024

    236,521  
    1,395,000    

6.63%, 01/15/2028

    1,525,586  
    45,000    

6.88%, 03/15/2025

    49,500  
    455,000    

8.88%, 06/01/2025

    500,500  
    550,000    

Tempo Acquisition LLC / Tempo Acquisition Finance Corp. 6.75%, 06/01/2025(1)

    558,112  
    1,450,000    

United Shore Financial Services LLC
5.50%, 11/15/2025(1)

    1,467,690  
     

 

 

 
    25,726,710  
     

 

 

 
      Electric - 1.5%  
 

Centrais Eletricas Brasileiras S.A.

 

    2,675,000    

3.63%, 02/04/2025(1)

    2,673,689  
    3,900,000    

4.63%, 02/04/2030(1)

    3,948,750  
    750,000    

4.63%, 02/04/2030(6)

    759,375  
    2,315,000    

Dominion Energy, Inc. 3.38%, 04/01/2030

    2,611,742  
    705,000    

Duquesne Light Holdings, Inc. 2.53%, 10/01/2030(1)

    702,847  
    2,495,000    

Eskom Holdings SOC Ltd. 5.75%, 01/26/2021(6)

    2,445,100  
    250,000    

Georgia Power Co. 4.75%, 09/01/2040

    309,990  
    200,000    

Inkia Energy Ltd. 5.88%, 11/09/2027(6)

    208,760  
    200,000    

Instituto Costarricense de Electricidad
6.95%, 11/10/2021(6)

    196,002  
    1,230,000    

Israel Electric Corp. Ltd.
4.25%, 08/14/2028(1)(6)

    1,408,350  
    200,000    

Minejesa Capital B.V. 4.63%, 08/10/2030(6)

    205,476  
 

Mong Duong Finance Holdings B.V.

 

    2,821,000    

5.13%, 05/07/2029(6)

    2,872,022  
    2,845,000    

5.13%, 05/07/2029(1)

    2,896,457  
 

Perusahaan Listrik Negara PT

 

    215,000    

3.88%, 07/17/2029(6)

    229,512  
    1,000,000    

4.38%, 02/05/2050(6)

    1,032,500  
    470,000    

6.15%, 05/21/2048(6)

    598,075  
    200,000    

Star Energy Geothermal Darajat / Star Energy Geothermal Salak
4.85%, 10/14/2038(1)

    204,948  
    200,000    

Termocandelaria Power Ltd.
7.88%, 01/30/2029(1)

    217,200  
    2,035,000    

Vena Energy Capital Pte Ltd.
3.13%, 02/26/2025(6)

    2,015,973  
     

 

 

 
    25,536,768  
     

 

 

 
      Electrical Components & Equipment - 0.1%  
 

Energizer Holdings, Inc.

 

    1,480,000    

4.38%, 03/31/2029(1)

    1,494,060  
    580,000    

4.75%, 06/15/2028(1)

    596,890  
     

 

 

 
    2,090,950  
     

 

 

 
      Energy-Alternate Sources - 0.1%  
    570,000    

Greenko Dutch B.V.
5.25%, 07/24/2024(6)

    584,808  
    1,255,000    

Greenko Mauritius Ltd.
6.25%, 02/21/2023(6)

    1,298,912  
    250,000    

Petroleos Mexicanos
6.84%, 01/23/2030

    223,500  
     

 

 

 
    2,107,220  
     

 

 

 
      Engineering & Construction - 0.7%  
    199,116    

Aeropuerto Internacional de Tocumen S.A.
6.00%, 11/18/2048(6)

    221,797  
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 32.3% - (continued)  
      Engineering & Construction - 0.7% - (continued)  
$     785,000    

Aeropuertos Dominicanos Siglo S.A.
6.75%, 03/30/2029(6)

  $ 716,320  
    392,491    

Bioceanico Sovereign Certificate Ltd.
0.00%, 06/05/2034(1)(11)

    286,518  
 

Ellaktor Value plc

 

EUR     160,000    

6.38%, 12/15/2024(1)

    157,927  
    100,000    

6.38%, 12/15/2024(6)

    98,704  
 

International Airport Finance S.A.

 

$     598,610    

12.00%, 03/15/2033(6)

    534,260  
    7,789,912    

12.00%, 03/15/2033(1)

    6,952,496  
    405,000    

Mexico City Airport Trust
4.25%, 10/31/2026(6)(9)

    380,660  
    1,280,000    

PowerTeam Services LLC
9.03%, 12/04/2025(1)

    1,355,200  
    675,000    

United Rentals North America, Inc.
3.88%, 02/15/2031

    681,750  
     

 

 

 
    11,385,632  
     

 

 

 
      Entertainment - 0.2%  
 

Caesars Entertainment, Inc.

 

    225,000    

6.25%, 07/01/2025(1)

    230,483  
    685,000    

8.13%, 07/01/2027(1)

    714,931  
 

Caesars Resort Collection LLC / CRC Finco, Inc.

 

    350,000    

5.25%, 10/15/2025(1)

    332,395  
    110,000    

5.75%, 07/01/2025(1)

    112,819  
EUR     430,000    

Cirsa Finance International S.a.r.l.
6.25%, 12/20/2023(6)

    441,920  
$     275,000    

Jacobs Entertainment, Inc.
7.88%, 02/01/2024(1)

    269,500  
    475,000    

Penn National Gaming, Inc.
5.63%, 01/15/2027(1)

    485,782  
EUR     400,000    

Scientific Games International, Inc.
5.50%, 02/15/2026(6)

    429,756  
    255,000    

WMG Acquisition Corp.
3.63%, 10/15/2026(6)

    302,581  
     

 

 

 
    3,320,167  
     

 

 

 
      Environmental Control - 0.1%  
$     300,000    

Clean Harbors, Inc.4.88%, 07/15/2027(1)

    313,500  
    175,000    

Stericycle, Inc.5.38%, 07/15/2024(1)

    181,955  
    400,000    

Tervita Corp.7.63%, 12/01/2021(1)

    384,000  
     

 

 

 
    879,455  
     

 

 

 
      Food - 0.9%  
    325,000    

B&G Foods, Inc.5.25%, 09/15/2027

    336,375  
 

BRF S.A.

 

    200,000    

4.88%, 01/24/2030(1)

    200,304  
    200,000    

4.88%, 01/24/2030(6)

    200,304  
    100,000    

Kraft Heinz Foods Co.
3.75%, 04/01/2030(1)

    105,070  
    225,000    

MARB BondCo plc7.00%, 03/15/2024(1)

    230,796  
 

Minerva Luxembourg S.A.

 

    1,605,000    

5.88%, 01/19/2028(6)

    1,667,210  
    6,245,000    

6.50%, 09/20/2026(6)

    6,494,862  
 

Post Holdings, Inc.

 

    75,000    

4.63%, 04/15/2030(1)

    77,063  
    625,000    

5.00%, 08/15/2026(1)

    648,125  
    75,000    

5.75%, 03/01/2027(1)

    78,578  
    1,320,000    

Sysco Corp. 6.60%, 04/01/2050

    1,849,238  
 

TreeHouse Foods, Inc.

 

    832,000    

4.00%, 09/01/2028

    833,040  
    200,000    

6.00%, 02/15/2024(1)

    203,750  
    1,270,000    

United Natural Foods, Inc.
6.75%, 10/15/2028(1)

    1,285,875  
     

 

 

 
    14,210,590  
     

 

 

 
 

 

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

 

 

  126  

 


The Hartford Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 32.3% - (continued)  
      Food Service - 0.1%  
$     2,000,000    

Aramark Services, Inc.
6.38%, 05/01/2025(1)

  $ 2,097,760  
     

 

 

 
      Forest Products & Paper - 0.0%  
 

Celulosa Arauco y Constitucion S.A.

 

    200,000    

4.20%, 01/29/2030(1)

    213,000  
    200,000    

5.50%, 04/30/2049(1)

    225,250  
    200,000    

Inversiones CMPC S.A.
3.85%, 01/13/2030(6)

    218,280  
     

 

 

 
    656,530  
     

 

 

 
      Gas - 0.0%  
    425,000    

AmeriGas Partners L.P. / AmeriGas Finance Corp. 5.88%, 08/20/2026

    465,532  
     

 

 

 
      Healthcare-Products - 0.1%  
 

Avantor Funding, Inc.

 

EUR     100,000    

3.88%, 07/15/2028(1)

    118,340  
    225,000    

3.88%, 07/15/2028(6)

    266,265  
$     770,000    

4.63%, 07/15/2028(1)

    797,874  
EUR     200,000    

Avantor, Inc. 4.75%, 10/01/2024(6)

    240,650  
$     300,000    

Hill-Rom Holdings, Inc. 4.38%, 09/15/2027(1)

    310,125  
     

 

 

 
    1,733,254  
     

 

 

 
          Healthcare-Services - 0.6%      
   

Acadia Healthcare Co., Inc.

 
    770,000    

5.00%, 04/15/2029(1)

    793,331  
    460,000    

5.50%, 07/01/2028(1)

    478,400  
   

Catalent Pharma Solutions, Inc.

 
EUR     175,000    

2.38%, 03/01/2028(6)

    194,475  
$     75,000    

5.00%, 07/15/2027(1)

    78,188  
   

Centene Corp.

 
    30,000    

3.00%, 10/15/2030

    31,154  
    165,000    

4.25%, 12/15/2027

    173,695  
   

CHS/Community Health Systems, Inc.

 
    385,000    

6.63%, 02/15/2025(1)

    375,452  
    100,000    

8.13%, 06/30/2024(1)

    76,875  
EUR     1,005,000    

Constantin Investissement SASU
5.38%, 04/15/2025(6)

    1,171,344  
   

HCA, Inc.

 
$     775,000    

5.38%, 09/01/2026

    870,906  
    200,000    

5.63%, 09/01/2028

    232,790  
    125,000    

7.50%, 11/15/2095(9)

    158,750  
EUR     275,000    

IQVIA, Inc. 2.25%, 01/15/2028(6)

    314,754  
   

Rede D’or Finance S.a.r.l.

 
$     3,145,000    

4.50%, 01/22/2030(1)

    3,093,894  
    905,000    

4.50%, 01/22/2030(6)

    890,294  
    700,000    

Tenet Healthcare Corp.
4.63%, 06/15/2028(1)

    709,625  
     

 

 

 
        9,643,927  
     

 

 

 
          Home Builders - 0.5%      
    1,600,000    

Adams Homes, Inc.
7.50%, 02/15/2025(1)

    1,608,000  
    685,000    

Ashton Woods USA LLC / Ashton Woods Finance Co. 6.63%, 01/15/2028(1)

    688,425  
    100,000    

KB Home 4.80%, 11/15/2029

    108,000  
    375,000    

M/I Homes, Inc. 4.95%, 02/01/2028

    388,125  
    3,201,000    

STL Holding Co. LLC
7.50%, 02/15/2026(1)

    3,180,994  
    490,000    

Taylor Morrison Communities, Inc.
5.75%, 01/15/2028(1)

    543,900  
    2,140,000    

Williams Scotsman International, Inc.
4.63%, 08/15/2028(1)

    2,153,375  
     

 

 

 
        8,670,819  
     

 

 

 
          Household Products/Wares - 0.1%      
EUR     1,345,000    

Diamond (BC) B.V. 5.63%, 08/15/2025(6)

    1,534,812  
$     225,000    

Prestige Brands, Inc. 5.13%, 01/15/2028(1)

    233,719  
     

 

 

 
        1,768,531  
     

 

 

 
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 32.3% - (continued)  
          Insurance - 1.5%      
   

Acrisure LLC / Acrisure Finance, Inc.

 
$     675,000    

7.00%, 11/15/2025(1)

  $ 676,181  
    240,000    

8.13%, 02/15/2024(1)

    250,981  
EUR     118,000    

Aegon N.V.0.00%, 01/15/2021, 10 year GNTH + 0.100%(2)(8)

    98,262  
$     270,000    

AIA Group Ltd.
3.20%, 09/16/2040(1)

    277,703  
    1,740,000    

3.38%, 04/07/2030(1)

    1,930,296  
EUR     975,000    

Assicurazioni Generali S.p.A.
5.50%, 10/27/2047, (5.50% fixed rate until 10/27/2027; 3 mo. EURIBOR + 5.350% thereafter)(6)(7)

    1,322,068  
$     475,000    

AXA S.A.6.38%, 12/14/2036, (6.38% fixed rate until 12/14/2036; 3 mo. USD LIBOR + 2.256% thereafter)(6)(7)(8)

    648,375  
    2,315,000    

Brighthouse Financial, Inc.
5.63%, 05/15/2030

    2,732,798  
   

Genworth Holdings, Inc.

 
    2,536,000    

4.80%, 02/15/2024

    2,320,440  
    325,000    

4.90%, 08/15/2023

    300,625  
    2,189,000    

6.50%, 06/15/2034(9)

    2,054,858  
    625,000    

MGIC Investment Corp. 5.25%, 08/15/2028

    642,188  
    435,000    

NMI Holdings, Inc. 7.38%, 06/01/2025(1)

    474,150  
    8,285,000    

Prudential Financial, Inc. 3.70%, 10/01/2050, (3.70% fixed rate until 07/01/2030; 5 year USD CMT + 3.035% thereafter)(7)

    8,471,412  
    2,130,000    

Unum Group 4.50%, 03/15/2025

    2,368,650  
     

 

 

 
        24,568,987  
     

 

 

 
          Internet - 0.1%      
    445,000    

Booking Holdings, Inc. 4.10%, 04/13/2025

    498,655  
    400,000    

Meituan 3.05%, 10/28/2030(1)

    400,837  
    200,000    

Prosus N.V. 4.03%, 08/03/2050(1)

    204,185  
   

Tencent Holdings Ltd.

 
    200,000    

2.39%, 06/03/2030(1)

    202,471  
    200,000    

3.24%, 06/03/2050(6)

    201,600  
    200,000    

3.24%, 06/03/2050(1)

    201,600  
     

 

 

 
        1,709,348  
     

 

 

 
          Investment Company Security - 0.3%      
    4,060,000    

Greenko Mauritius Ltd. 6.25%, 02/21/2023(1)

    4,202,057  
     

 

 

 
          Iron/Steel - 1.0%      
    800,000    

CSN Islands Corp. 6.75%, 01/28/2028(6)

    786,800  
    1,321,000    

CSN Resources S.A.
7.63%, 04/17/2026(1)

    1,356,667  
   

Metinvest B.V.

 
EUR     1,825,000    

5.63%, 06/17/2025(1)

    1,986,309  
$     1,777,000    

7.65%, 10/01/2027(1)

    1,726,498  
    3,480,000    

7.75%, 10/17/2029(1)

    3,326,880  
    6,889,000    

PJSC Koks via IMH Capital DAC
5.90%, 09/23/2025(1)

    7,061,225  
    545,000    

Vale Overseas Ltd.3.75%, 07/08/2030

    573,880  
     

 

 

 
        16,818,259  
     

 

 

 
          IT Services - 0.2%      
    2,060,000    

Hewlett Packard Enterprise Co.
4.65%, 10/01/2024

    2,325,159  
    1,105,000    

Leidos, Inc. 4.38%, 05/15/2030(1)

    1,285,767  
   

Presidio Holdings, Inc.

 
    153,000    

4.88%, 02/01/2027(1)

    157,064  
    155,000    

8.25%, 02/01/2028(1)

    164,300  
     

 

 

 
        3,932,290  
     

 

 

 
          Leisure Time - 0.2%      
   

Carnival Corp.

 
    115,000    

9.88%, 08/01/2027(1)

    119,528  
 

 

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

 

 

  127  

 


The Hartford Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 32.3% - (continued)  
          Leisure Time - 0.2% - (continued)      
EUR     100,000    

10.13%, 02/01/2026(1)

  $ 122,143  
$     350,000    

11.50%, 04/01/2023(1)

    384,419  
    1,932,000    

Royal Caribbean Cruises Ltd.
9.13%, 06/15/2023(1)

    2,011,695  
     

 

 

 
        2,637,785  
     

 

 

 
          Lodging - 0.6%      
   

Boyd Gaming Corp.

 
    150,000    

4.75%, 12/01/2027

    145,876  
    75,000    

6.00%, 08/15/2026

    76,852  
    220,000    

6.38%, 04/01/2026

    228,268  
    1,810,000    

8.63%, 06/01/2025(1)

    1,981,407  
    350,000    

FelCor Lodging L.P. 6.00%, 06/01/2025

    343,875  
    665,000    

Marriott International, Inc. 5.75%, 05/01/2025

    739,390  
    270,000    

Sugarhouse HSP Gaming Prop Mezz L.P. / Sugarhouse HSP Gaming Finance Corp. 5.88%, 05/15/2025(1)

    261,225  
    6,520,000    

Wynn Macau Ltd. 5.50%, 01/15/2026(1)

    6,327,660  
     

 

 

 
        10,104,553  
     

 

 

 
          Machinery-Diversified - 0.0%      
EUR     375,000    

Vertical Midco GmbH Co.
4.38%, 07/15/2027(6)

    441,111  
     

 

 

 
          Media - 1.6%      
$     300,000    

Altice Financing S.A.
7.50%, 05/15/2026(1)

    313,125  
    400,000    

Cable Onda S.A. 4.50%, 01/30/2030(6)

    421,000  
    190,000    

Cable One, Inc. 4.00%, 11/15/2030(1)

    192,850  
   

CCO Holdings LLC / CCO Holdings Capital Corp.

 
    70,000    

4.25%, 02/01/2031(1)

    71,735  
    630,000    

4.50%, 08/15/2030(1)

    654,731  
    400,000    

5.75%, 02/15/2026(1)

    414,664  
   

CSC Holdings LLC

 
    200,000    

4.13%, 12/01/2030(1)

    203,356  
    300,000    

5.50%, 04/15/2027(1)

    316,125  
    500,000    

6.50%, 02/01/2029(1)

    554,760  
    1,795,000    

Discovery Communications LLC
4.65%, 05/15/2050

    2,023,019  
   

DISH DBS Corp.

 
    265,000    

5.00%, 03/15/2023

    266,993  
    200,000    

5.88%, 07/15/2022

    206,000  
    450,000    

5.88%, 11/15/2024

    452,716  
    190,000    

7.38%, 07/01/2028

    191,425  
    2,100,000    

Fox Corp. 3.50%, 04/08/2030

    2,351,538  
    230,000    

Gray Television, Inc.
4.75%, 10/15/2030(1)

    226,550  
    2,700,000    

Houghton Mifflin Harcourt Publishers, Inc.
9.00%, 02/15/2025(1)

    2,619,000  
   

Nexstar Broadcasting, Inc.

 
    2,360,000    

4.75%, 11/01/2028(1)

    2,386,314  
    475,000    

5.63%, 07/15/2027(1)

    495,187  
    300,000    

Sirius XM Radio, Inc.
5.00%, 08/01/2027(1)

    314,250  
    870,000    

TEGNA, Inc. 4.75%, 03/15/2026(1)

    893,925  
   

Vertical Media GmbH Co.

 
EUR     320,000    

6.63%, 07/15/2028(1)

    383,560  
$     200,000    

7.63%, 07/15/2028(1)

    207,500  
EUR     720,000    

Vertical Midco GmbH Co.
4.38%, 07/15/2027(1)

    846,934  
   

Virgin Media Secured Finance plc

 
GBP     310,000    

4.13%, 08/15/2030(6)

    392,033  
    975,000    

4.13%, 08/15/2030(1)

    1,233,007  
$     3,560,000    

4.50%, 08/15/2030(1)

    3,617,850  
   

Virgin Media Vendor Financing Notes DAC

 
GBP     790,000    

4.88%, 07/15/2028(1)

    1,017,048  
    300,000    

4.88%, 07/15/2028(6)

    386,221  
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 32.3% - (continued)  
          Media - 1.6% - (continued)      
$     2,855,000    

VTR Finance N.V. 6.38%, 07/15/2028(1)

  $ 3,047,712  
    225,000    

WMG Acquisition Corp.
5.50%, 04/15/2026(1)

    233,437  
    550,000    

Ziggo B.V. 5.50%, 01/15/2027(1)

    570,625  
     

 

 

 
        27,505,190  
     

 

 

 
          Metal Fabricate/Hardware - 0.0%      
    225,000    

Advanced Drainage Systems, Inc.
5.00%, 09/30/2027(1)

    235,436  
   

Novelis Corp.

 
    265,000    

4.75%, 01/30/2030(1)

    268,740  
    165,000    

5.88%, 09/30/2026(1)

    170,260  
     

 

 

 
        674,436  
     

 

 

 
          Mining - 0.1%      
    205,000    

AngloGold Ashanti Holdings plc
3.75%, 10/01/2030

    217,279  
EUR     500,000    

Constellium SE 4.25%, 02/15/2026(6)

    583,781  
$     239,000    

FMG Resources August 2006 Pty Ltd.
4.50%, 09/15/2027(1)

    255,952  
     

 

 

 
        1,057,012  
     

 

 

 
          Office/Business Equipment - 0.1%      
    200,000    

CDW LLC / CDW Finance Corp.
4.13%, 05/01/2025

    207,896  
   

Xerox Corp.

 
    415,000    

4.38%, 03/15/2023

    431,901  
    150,000    

6.75%, 12/15/2039

    157,725  
   

Xerox Holdings Corp.

 
    15,000    

5.00%, 08/15/2025(1)

    14,809  
    1,125,000    

5.50%, 08/15/2028(1)

    1,110,600  
     

 

 

 
        1,922,931  
     

 

 

 
          Oil & Gas - 2.7%      
   

Apache Corp.

 
    200,000    

4.38%, 10/15/2028

    182,900  
    240,000    

4.63%, 11/15/2025

    228,000  
    16,000    

4.75%, 04/15/2043

    14,160  
    19,000    

5.10%, 09/01/2040

    17,442  
CAD     800,000    

BP Capital Markets plc 3.50%, 11/09/2020

    600,652  
   

Continental Resources, Inc.

 
$     5,255,000    

4.38%, 01/15/2028(9)

    4,729,500  
    90,000    

4.90%, 06/01/2044

    74,390  
    990,000    

Delek & Avner Tamar Bond Ltd.
5.08%, 12/30/2023(1)

    1,016,989  
    375,000    

Ecopetrol S.A. 6.88%, 04/29/2030

    450,900  
    200,000    

Empresa Nacional del Petroleo
3.75%, 08/05/2026(6)

    211,127  
    940,000    

EOG Resources, Inc. 4.95%, 04/15/2050

    1,166,798  
    100,000    

EQT Corp. 3.90%, 10/01/2027

    96,032  
    2,065,000    

Equinor ASA 3.70%, 04/06/2050

    2,296,514  
    200,000    

Jagged Peak Energy LLC
5.88%, 05/01/2026

    206,000  
    200,000    

KazMunayGas National Co. JSC
3.50%, 04/14/2033(1)

    206,241  
   

Leviathan Bond Ltd.

 
    317,000    

6.13%, 06/30/2025(1)(6)

    327,715  
    2,037,000    

6.50%, 06/30/2027(1)(6)

    2,098,110  
    4,260,000    

6.75%, 06/30/2030(1)(6)

    4,372,038  
    4,662,000    

Matador Resources Co. 5.88%, 09/15/2026

    3,752,910  
   

NAK Naftogaz Ukraine via Kondor Finance plc

 
    1,200,000    

7.63%, 11/08/2026(6)

    1,121,111  
    5,605,000    

7.63%, 11/08/2026(1)

    5,236,523  
   

Occidental Petroleum Corp.

 
    250,000    

3.00%, 02/15/2027

    188,750  
    100,000    

3.40%, 04/15/2026

    78,218  
 

 

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

 

 

  128  

 


The Hartford Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 32.3% - (continued)  
          Oil & Gas - 2.7% - (continued)      
$     288,000    

4.20%, 03/15/2048

  $ 187,200  
    3,447,000    

4.40%, 04/15/2046

    2,317,142  
   

Petrobras Global Finance B.V.

 
    500,000    

5.60%, 01/03/2031

    539,675  
    450,000    

5.75%, 02/01/2029

    500,697  
    330,000    

6.75%, 06/03/2050

    362,122  
    60,000    

6.88%, 01/20/2040

    67,591  
    160,000    

6.90%, 03/19/2049

    181,062  
    500,000    

7.38%, 01/17/2027

    602,500  
   

Petroleos de Venezuela S.A.

 
    290,000    

6.00%, 05/16/2024(12)

    10,440  
    125,000    

9.00%, 11/17/2021(12)

    4,250  
   

Petroleos Mexicanos

 
    10,000    

5.95%, 01/28/2031

    8,370  
    590,000    

6.38%, 01/23/2045

    447,149  
    640,000    

6.50%, 06/02/2041

    495,360  
    610,000    

6.75%, 09/21/2047

    473,537  
    855,000    

6.84%, 01/23/2030

    764,370  
    3,145,000    

7.69%, 01/23/2050

    2,613,275  
    60,000    

QEP Resources, Inc. 5.38%, 10/01/2022

    52,800  
    300,000    

Saudi Arabian Oil Co. 2.75%, 04/16/2022(1)

    307,418  
    235,000    

Sinopec Group Overseas Development Ltd.
2.70%, 05/13/2030(1)

    244,550  
    90,000    

SM Energy Co. 6.63%, 01/15/2027

    33,750  
    200,000    

State Oil Co. of the Azerbaijan Republic
6.95%, 03/18/2030(6)

    236,872  
    300,000    

Sunoco L.P. / Sunoco Finance Corp.
6.00%, 04/15/2027

    310,113  
    160,000    

Transocean, Inc. 6.80%, 03/15/2038(9)

    20,800  
    180,000    

Vine Oil & Gas L.P. / Vine Oil & Gas Finance Corp. 8.75%, 04/15/2023(1)(9)

    133,200  
    27,000    

WPX Energy, Inc. 5.25%, 09/15/2024

    27,945  
   

YPF S.A.

 
    7,400,000    

6.95%, 07/21/2027(6)

    3,959,000  
    390,000    

7.00%, 12/15/2047(1)

    196,950  
    140,000    

7.00%, 12/15/2047(6)

    70,700  
    97,000    

8.50%, 03/23/2025(1)

    62,080  
    1,980,000    

8.50%, 03/23/2025(6)

    1,267,200  
ARS     27,918,777    

16.50%, 05/09/2022(1)

    231,560  
     

 

 

 
        45,402,698  
     

 

 

 
          Oil & Gas Services - 0.7%      
$     11,155,000    

Borets Finance DAC 6.00%, 09/17/2026(1)

    11,194,043  
     

 

 

 
          Packaging & Containers - 0.7%      
   

ARD Finance S.A. (5.00% Cash, 5.75% PIK)

 
EUR     785,000    

5.00%, 06/30/2027(1)(10)

    882,363  
    910,000    

5.00%, 06/30/2027(6)(10)

    1,022,867  
   

Ardagh Packaging Finance plc / Ardagh Holdings USA, Inc.

 
    475,000    

2.13%, 08/15/2026(6)

    540,732  
$     1,055,000    

5.25%, 04/30/2025(1)

    1,103,878  
    1,505,000    

5.25%, 08/15/2027(1)

    1,544,883  
EUR     200,000    

Ball Corp. 1.50%, 03/15/2027

    228,290  
 

Berry Global, Inc.

 

    100,000    

1.50%, 01/15/2027(6)

    111,754  
$     250,000    

5.63%, 07/15/2027(1)

    261,536  
EUR     625,000    

Crown European Holdings S.A.
2.88%, 02/01/2026(6)

    758,478  
$     440,000    

Flex Acquisition Co., Inc.
6.88%, 01/15/2025(1)

    432,850  
 

Owens-Brockway Glass Container, Inc.

 

    250,000    

5.88%, 08/15/2023(1)

    263,031  
    175,000    

6.38%, 08/15/2025(1)

    192,063  
    1,685,000    

6.63%, 05/13/2027(1)

    1,807,162  
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 32.3% - (continued)  
          Packaging & Containers - 0.7% - (continued)  
EUR     600,000    

SIG Combibloc PurchaseCo Sarl
2.13%, 06/18/2025(1)

  $ 711,543  
    400,000    

Silgan Holdings, Inc. 2.25%, 06/01/2028

    453,875  
    460,000    

Trivium Packaging Finance B.V.
3.75%, 08/15/2026(6)

    528,431  
     

 

 

 
    10,843,736  
     

 

 

 
      Pharmaceuticals - 0.8%  
$     1,155,000    

Bausch Health Cos., Inc.
4.50%, 05/15/2023(6)

    1,329,247  
    1,195,000    

5.00%, 01/30/2028(1)

    1,181,114  
    185,000    

5.25%, 01/30/2030(1)

    182,697  
    100,000    

6.13%, 04/15/2025(1)

    102,675  
 

Endo Dac / Endo Finance LLC / Endo Finco, Inc.

 

    500,000    

6.00%, 07/15/2023(1)

    395,000  
    1,360,000    

6.00%, 06/30/2028(1)

    1,050,600  
    1,308,000    

9.50%, 07/31/2027(1)

    1,403,105  
    474,000    

Par Pharmaceutical, Inc.
7.50%, 04/01/2027(1)

    502,440  
 

Teva Pharmaceutical Finance Netherlands B.V.

 

EUR     425,000    

1.25%, 03/31/2023(6)

    460,486  
$     450,000    

2.80%, 07/21/2023

    426,789  
    4,725,000    

3.15%, 10/01/2026

    4,158,000  
EUR     1,765,000    

4.50%, 03/01/2025

    2,024,362  
$     200,000    

6.75%, 03/01/2028

    210,075  
     

 

 

 
    13,426,590  
     

 

 

 
      Pipelines - 0.5%  
    200,000    

Abu Dhabi Crude Oil Pipeline LLC
4.60%, 11/02/2047(6)

    238,268  
    140,000    

Antero Midstream Partners L.P. / Antero Midstream Finance Corp
5.75%, 01/15/2028(1)

    124,600  
 

Buckeye Partners L.P.

 

    540,000    

4.13%, 03/01/2025(1)

    511,650  
    75,000    

4.50%, 03/01/2028(1)

    71,250  
    125,000    

Cheniere Energy Partners L.P.
4.50%, 10/01/2029

    127,440  
    375,000    

DCP Midstream Operating L.P.
5.38%, 07/15/2025

    393,750  
 

EQM Midstream Partners L.P.

 

    750,000    

6.00%, 07/01/2025(1)

    768,750  
    35,000    

6.50%, 07/01/2027(1)

    36,708  
    185,000    

6.50%, 07/15/2048

    175,750  
 

Galaxy Pipeline Assets Bidco Ltd.

 

    200,000    

1.75%, 09/30/2027(1)

    198,750  
    440,000    

2.63%, 03/31/2036(1)

    436,696  
    200,000    

3.25%, 09/30/2040(1)

    196,500  
    2,890,000    

Gray Oak Pipeline LLC
3.45%, 10/15/2027(1)

    2,930,218  
    325,000    

Tallgrass Energy Partners L.P. / Tallgrass Energy Finance Corp.
4.75%, 10/01/2023(1)

    308,652  
 

Targa Resources Partners L.P. / Targa Resources Partners Finance Corp.

 
    125,000    

4.88%, 02/01/2031(1)

    121,989  
    425,000    

6.50%, 07/15/2027

    445,187  
   

Transportadora de Gas Internacional S.A. ESP

 
    265,000    

5.55%, 11/01/2028(6)

    304,620  
    200,000    

5.55%, 11/01/2028(1)

    229,902  
   

Western Midstream Operating L.P.

 
    400,000    

5.05%, 02/01/2030

    379,466  
    125,000    

6.25%, 02/01/2050

    114,819  
     

 

 

 
        8,114,965  
     

 

 

 
 

 

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

 

 

  129  

 


The Hartford Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 32.3% - (continued)  
          Real Estate Investment Trusts - 0.3%      
$     930,000    

Brixmor Operating Partnership L.P.
4.05%, 07/01/2030

  $ 1,005,148  
    325,000    

Iron Mountain, Inc. 4.88%, 09/15/2029(1)

    328,412  
   

Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp.

 
    1,320,000    

4.25%, 02/01/2027(1)

    1,140,150  
    1,040,000    

5.25%, 10/01/2025(1)

    949,000  
    265,000    

SBA Tower Trust 3.17%, 04/09/2047(1)

    268,038  
    275,000    

Trust Fibra Uno 6.39%, 01/15/2050(6)

    285,656  
   

VICI Properties L.P. / VICI Note Co., Inc.

 
    195,000    

3.50%, 02/15/2025(1)

    195,722  
    150,000    

3.75%, 02/15/2027(1)

    150,375  
     

 

 

 
        4,322,501  
     

 

 

 
          Retail - 1.1%      
   

1011778 BC ULC / New Red Finance, Inc.

 
    405,000    

3.50%, 02/15/2029(1)

    401,962  
    225,000    

3.88%, 01/15/2028(1)

    226,687  
    110,000    

4.00%, 10/15/2030(1)

    109,312  
    258,000    

5.00%, 10/15/2025(1)

    264,553  
    1,445,000    

5.75%, 04/15/2025(1)

    1,539,676  
    1,990,000    

Dollar General Corp. 4.13%, 04/03/2050

    2,386,312  
EUR     243,000    

eG Global Finance plc
6.25%, 10/30/2025(6)

    268,690  
$     595,000    

ETSY, Inc. 0.13%, 10/01/2026

    931,697  
    1,575,000    

Ferrellgas L.P. / Ferrellgas Finance Corp.
10.00%, 04/15/2025(1)

    1,718,719  
    1,460,000    

FirstCash, Inc. 4.63%, 09/01/2028(1)

    1,481,900  
    125,000    

Group 1 Automotive, Inc.
4.00%, 08/15/2028(1)

    125,156  
   

KFC Holding Co. / Pizza Hut Holdings LLC / Taco Bell of America LLC

 
    425,000    

4.75%, 06/01/2027(1)

    439,818  
    150,000    

5.25%, 06/01/2026(1)

    154,999  
   

L Brands, Inc.

 
    15,000    

5.25%, 02/01/2028

    14,775  
    1,225,000    

6.63%, 10/01/2030(1)

    1,286,250  
    165,000    

6.88%, 07/01/2025(1)

    176,877  
    360,000    

Lithia Motors, Inc. 4.63%, 12/15/2027(1)

    378,936  
    470,000    

Michaels Stores, Inc. 4.75%, 10/01/2027(1)

    459,425  
EUR     1,250,000    

Peer Holding B.V. 3.25%, 03/08/2025, 3 mo. EURIBOR + 3.250%

    1,400,317  
$     100,000    

PetSmart, Inc. 5.88%, 06/01/2025(1)

    102,228  
    1,435,000    

Specialty Building Products Holdings LLC / SBP Finance Corp. 6.38%, 09/30/2026(1)

    1,463,700  
    580,000    

Staples, Inc. 7.50%, 04/15/2026(1)

    542,300  
    1,130,000    

TJX Cos., Inc. 4.50%, 04/15/2050

    1,496,794  
    325,000    

United Rentals North America, Inc.
4.88%, 01/15/2028

    341,250  
    960,000    

Yum! Brands, Inc. 3.63%, 03/15/2031

    942,000  
     

 

 

 
        18,654,333  
     

 

 

 
          Semiconductors - 0.5%      
    3,460,000    

Broadcom, Inc. 4.15%, 11/15/2030

    3,876,150  
    200,000    

Entegris, Inc. 4.63%, 02/10/2026(1)

    205,500  
   

Microchip Technology, Inc.

 
    2,460,000    

2.67%, 09/01/2023(1)

    2,552,681  
    975,000    

4.25%, 09/01/2025(1)

    1,012,215  
   

Qorvo, Inc.

 
    140,000    

3.38%, 04/01/2031(1)

    141,750  
    350,000    

4.38%, 10/15/2029

    375,242  
    200,000    

Sensata Technologies B.V.
5.00%, 10/01/2025(1)

    218,329  
     

 

 

 
        8,381,867  
     

 

 

 
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 32.3% - (continued)  
          Software - 0.3%      
$     820,000    

Black Knight InfoServ LLC
3.63%, 09/01/2028(1)

  $ 830,250  
    540,000    

BY Crown Parent LLC / BY Bond Finance, Inc. 4.25%, 01/31/2026(1)

    546,750  
    100,000    

CDK Global, Inc. 5.25%, 05/15/2029(1)

    107,270  
    465,000    

Change Healthcare Holdings LLC / Change Healthcare Finance, Inc.
5.75%, 03/01/2025(1)

    464,800  
    250,000    

IQVIA, Inc. 5.00%, 05/15/2027(1)

    261,875  
   

MSCI, Inc.

 
    70,000    

3.88%, 02/15/2031(1)

    73,150  
    250,000    

4.00%, 11/15/2029(1)

    260,915  
    155,000    

Open Text Corp. 3.88%, 02/15/2028(1)

    157,446  
    185,000    

Open Text Holdings, Inc.
4.13%, 02/15/2030(1)

    191,938  
    2,080,000    

Oracle Corp. 3.60%, 04/01/2050

    2,283,604  
    75,000    

PTC, Inc. 3.63%, 02/15/2025(1)

    76,359  
    425,000    

SS&C Technologies, Inc.
5.50%, 09/30/2027(1)

    451,703  
     

 

 

 
        5,706,060  
     

 

 

 
          Telecommunications - 2.7%      
EUR     340,000    

Altice France Holding S.A.
8.00%, 05/15/2027(1)

    414,790  
   

Altice France S.A.

 
    200,000    

3.38%, 01/15/2028(6)

    219,630  
    1,920,000    

5.88%, 02/01/2027(6)

    2,331,164  
$     325,000    

7.38%, 05/01/2026(1)

    339,203  
   

AT&T, Inc.

 
    3,195,000    

2.75%, 06/01/2031

    3,316,267  
CAD     1,080,000    

3.83%, 11/25/2020

    812,112  
$     200,000    

Bharti Airtel International Netherlands B.V.
5.35%, 05/20/2024(6)

    217,035  
    200,000    

Embarq Corp. 8.00%, 06/01/2036

    234,500  
   

Frontier Communications Corp.

 
    485,000    

0.00%, 10/08/2021

    479,544  
    1,545,000    

5.88%, 10/15/2027(1)

    1,583,470  
EUR     1,836,915    

Lorca Finco plc 4.25%, 09/23/2027, 3 mo. EURIBOR + 4.250%

    2,131,340  
    2,135,000    

Lorca Telecom Bondco SAU
4.00%, 09/18/2027(1)

    2,523,900  
   

Millicom International Cellular S.A.

 
$     1,470,000    

4.50%, 04/27/2031(1)

    1,492,050  
    200,000    

5.13%, 01/15/2028(1)

    210,000  
    200,000    

6.25%, 03/25/2029(6)

    221,100  
    4,235,000    

Network i2i Ltd. 5.65%, 01/15/2025, (5.65% fixed rate until 01/15/2025; 5 year USD CMT + 4.274% thereafter)(6)(7)(8)

    4,241,352  
    7,275,000    

SoftBank Group Corp. 6.00%, 07/19/2023, (6.00% fixed rate until 07/19/2023; 5 year USD ICE Swap + 4.226% thereafter)(6)(7)(8)

    6,711,187  
    240,000    

Sprint Corp. 7.13%, 06/15/2024

    276,048  
   

Telecom Argentina S.A.

 
    2,705,000    

8.00%, 07/18/2026(6)

    2,231,625  
    3,230,000    

8.00%, 07/18/2026(1)

    2,664,750  
    105,000    

8.50%, 08/06/2025(1)

    86,132  
    100,000    

Telecom Italia Capital S.A.
7.20%, 07/18/2036

    126,165  
    300,000    

Telecom Italia S.p.A. 5.30%, 05/30/2024(1)

    324,585  
    3,015,000    

Telefonica Celular del Paraguay S.A.
5.88%, 04/15/2027(1)

    3,209,467  
    5,085,000    

Tower Bersama Infrastructure Tbk PT
4.25%, 01/21/2025(6)

    5,109,100  
    200,000    

VEON Holdings B.V. 4.00%, 04/09/2025(6)

    208,624  
   

Vmed UK Financing plc

 
EUR     455,000    

3.25%, 01/31/2031(1)

    517,993  
 

 

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

 

 

  130  

 


The Hartford Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 32.3% - (continued)  
          Telecommunications - 2.7% - (continued)  
$     1,550,000    

4.25%, 01/31/2031(1)

  $ 1,550,000  
    1,690,000    

Vodafone Group plc 7.00%, 04/04/2079, (7.00% fixed rate until 01/04/2029; 5 year USD Swap + 4.873% thereafter)(7)

    2,005,729  
    200,000    

VTR Comunicaciones S.p.A. 5.13%, 01/15/2028(1)

    211,500  
     

 

 

 
        46,000,362  
     

 

 

 
          Toys/Games/Hobbies - 0.0%      
   

Mattel, Inc.

 
    150,000    

5.88%, 12/15/2027(1)

    163,005  
    400,000    

6.75%, 12/31/2025(1)

    420,700  
     

 

 

 
        583,705  
     

 

 

 
          Transportation - 0.5%      
    2,050,000    

FedEx Corp. 4.25%, 05/15/2030

    2,461,755  
    200,000    

Lima Metro Line 2 Finance Ltd. 4.35%, 04/05/2036(1)

    218,700  
   

Rumo Luxembourg S.a.r.l.

 
    3,540,000    

5.25%, 01/10/2028(1)

    3,708,150  
    665,000    

5.88%, 01/18/2025(6)

    695,763  
    1,935,000    

7.38%, 02/09/2024(6)

    2,022,075  
     

 

 

 
        9,106,443  
     

 

 

 
          Trucking & Leasing - 0.2%      
    150,000    

Avolon Holdings Funding Ltd. 3.95%, 07/01/2024(1)

    147,076  
    100,000    

DAE Funding LLC 4.50%, 08/01/2022(6)

    100,500  
    572,000    

Fly Leasing Ltd. 6.38%, 10/15/2021(9)

    568,271  
    2,290,000    

GATX Corp. 4.00%, 06/30/2030

    2,642,098  
     

 

 

 
        3,457,945  
     

 

 

 
          Water - 0.0%  
    250,000    

Aegea Finance S.a.r.l. 5.75%, 10/10/2024(6)

    259,000  
     

 

 

 
   

Total Corporate Bonds
(cost $533,807,696)

  $ 543,360,984  
     

 

 

 
FOREIGN GOVERNMENT OBLIGATIONS - 18.7%  
          Angola - 0.0%  
    200,000    

Angolan Government International Bond 9.38%, 05/08/2048(6)

    152,760  
     

 

 

 
          Argentina - 0.9%  
   

Argentine Republic Government International Bond

 
    16,890,601    

0.13%, 07/09/2030

    6,198,851  
    14,906,093    

0.13%, 07/09/2035

    4,874,292  
    8,772,195    

0.13%, 07/09/2041

    2,965,090  
    780,658    

1.00%, 07/09/2029

    320,070  
   

Provincia de Cordoba

 
    300,000    

7.13%, 08/01/2027(6)

    145,503  
    150,000    

7.45%, 09/01/2024(6)

    78,001  
     

 

 

 
        14,581,807  
     

 

 

 
          Armenia - 0.0%  
   

Republic of Armenia International Bond

 
    200,000    

3.95%, 09/26/2029(6)

    188,432  
    250,000    

7.15%, 03/26/2025(6)

    267,105  
     

 

 

 
        455,537  
     

 

 

 
          Azerbaijan - 0.2%  
   

Republic of Azerbaijan International Bond

 
    435,000    

3.50%, 09/01/2032(6)

    422,820  
    1,675,000    

4.75%, 03/18/2024(6)

    1,772,669  
    690,000    

Southern Gas Corridor CJSC 6.88%, 03/24/2026(6)

    785,514  
     

 

 

 
        2,981,003  
     

 

 

 
Shares or Principal Amount   Market Value  
FOREIGN GOVERNMENT OBLIGATIONS - 18.7% - (continued)  
          Bermuda - 0.0%  
$     200,000    

Bermuda Government International Bond 4.75%, 02/15/2029(1)

  $ 240,100  
     

 

 

 
          Brazil - 0.5%  
   

Brazil Notas do Tesouro Nacional

 
BRL     9,221,000    

10.00%, 01/01/2025

    1,799,341  
    9,220,000    

10.00%, 01/01/2027

    1,810,042  
   

Brazilian Government International Bond

 
$     200,000    

2.88%, 06/06/2025

    202,302  
    585,000    

3.88%, 06/12/2030

    592,312  
    400,000    

4.75%, 01/14/2050

    392,000  
    2,790,000    

5.00%, 01/27/2045

    2,845,800  
     

 

 

 
        7,641,797  
     

 

 

 
          Canada - 1.5%  
CAD     250,000    

Canadian Treasury Bill 0.09%, 01/07/2021(13)

    187,612  
    1,500,000    

City of Ottawa Ontario 0.00%, 11/04/2020

    1,125,850  
   

Municipal Finance Authority of British Columbia

 
    250,000    

1.65%, 04/19/2021

    188,848  
    3,000,000    

4.15%, 06/01/2021

    2,302,635  
   

Ontario Hydro Corp. Coupon Strip

 
    250,000    

0.00%, 11/26/2020(11)

    187,615  
    600,000    

0.00%, 12/22/2020(11)

    450,182  
    925,000    

0.00%, 04/15/2021(11)

    693,136  
    500,000    

0.00%, 08/06/2021

    374,101  
   

Ontario T-Bill

 
    4,980,000    

0.21%, 03/03/2021(13)

    3,735,131  
    3,620,000    

0.21%, 03/10/2021(13)

    2,714,932  
   

PEI Treasury Note

 
    1,755,000    

0.00%, 12/01/2020(11)

    1,316,994  
    3,620,000    

0.00%, 12/08/2020(11)

    2,716,399  
    1,810,000    

0.00%, 12/15/2020(11)

    1,358,145  
    1,720,000    

Province of Quebec Canada 4.50%, 12/01/2020

    1,295,235  
   

Quebec T-Bill

 
    3,255,000    

0.19%, 11/13/2020(13)

    2,442,997  
    3,635,000    

0.19%, 12/04/2020(13)

    2,727,819  
    500,000    

Regional Municipality of York 4.00%, 06/30/2021

    384,485  
    2,125,000    

South Coast British Columbia Transportation Authority 3.80%, 11/02/2020

    1,595,178  
     

 

 

 
        25,797,294  
     

 

 

 
          Chile - 0.2%  
CLP     2,570,000,000    

Bonos de la Tesoreria de la Republica en pesos 4.70%, 09/01/2030(1)(6)

    3,908,386  
     

 

 

 
          China - 0.2%  
CNY     27,320,000    

Agricultural Development Bank of China 2.96%, 04/17/2030

    3,791,928  
     

 

 

 
          Colombia - 0.7%  
   

Colombia Government International Bond

 
$     1,635,000    

3.00%, 01/30/2030

    1,667,700  
    630,000    

3.13%, 04/15/2031

    646,695  
    1,360,000    

3.88%, 04/25/2027

    1,470,840  
    435,000    

4.13%, 05/15/2051

    455,228  
    400,000    

4.50%, 03/15/2029

    448,856  
    2,970,000    

5.00%, 06/15/2045

    3,468,960  
COP     13,241,300,000    

Colombian TES 7.00%, 06/30/2032

    3,642,450  
     

 

 

 
        11,800,729  
     

 

 

 
          Croatia - 0.2%  
   

Croatia Government International Bond

 
EUR     780,000    

1.13%, 06/19/2029(6)

    929,321  
    675,000    

1.50%, 06/17/2031(6)

    826,428  
 

 

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

 

 

  131  

 


The Hartford Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
FOREIGN GOVERNMENT OBLIGATIONS - 18.7% - (continued)  
          Croatia - 0.2% - (continued)  
EUR     270,000    

2.75%, 01/27/2030(6)

  $ 366,750  
    860,000    

3.00%, 03/20/2027(6)

    1,147,612  
     

 

 

 
        3,270,111  
     

 

 

 
          Dominican Republic - 0.4%  
   

Dominican Republic International Bond

 
$     155,000    

4.88%, 09/23/2032(1)

    157,327  
    150,000    

5.88%, 01/30/2060(6)

    143,250  
    595,000    

5.95%, 01/25/2027(6)

    648,556  
    250,000    

6.00%, 07/19/2028(6)

    275,002  
    150,000    

6.40%, 06/05/2049(6)

    152,265  
    4,500,000    

6.40%, 06/05/2049(1)

    4,567,950  
     

 

 

 
        5,944,350  
     

 

 

 
          Ecuador - 0.0%  
   

Ecuador Government International Bond

 
    15,074    

0.00%, 07/31/2030(1)(11)

    6,859  
    37,800    

0.50%, 07/31/2030(1)

    25,137  
    434,060    

0.50%, 07/31/2035(1)

    237,105  
    45,400    

0.50%, 07/31/2040(1)

    22,474  
     

 

 

 
        291,575  
     

 

 

 
          Egypt - 0.5%  
   

Egypt Government International Bond

 
EUR     215,000    

4.75%, 04/16/2026(6)

    241,310  
$     480,000    

5.58%, 02/21/2023(1)

    493,790  
EUR     100,000    

6.38%, 04/11/2031(6)

    111,282  
$     300,000    

6.59%, 02/21/2028(1)

    301,560  
    275,000    

7.05%, 01/15/2032(6)

    268,320  
    200,000    

7.60%, 03/01/2029(6)

    207,860  
    5,200,000    

7.63%, 05/29/2032(1)

    5,260,320  
    215,000    

7.90%, 02/21/2048(6)

    203,487  
    715,000    

8.50%, 01/31/2047(6)

    709,936  
    895,000    

8.88%, 05/29/2050(1)

    903,324  
     

 

 

 
        8,701,189  
     

 

 

 
          Ethiopia - 0.0%  
    205,000    

Ethiopia International Bond 6.63%, 12/11/2024(6)

    206,066  
     

 

 

 
          Gabon - 0.0%  
   

Gabon Government International Bond

 
    200,000    

6.63%, 02/06/2031(1)

    178,311  
    600,000    

6.95%, 06/16/2025(6)

    565,543  
     

 

 

 
        743,854  
     

 

 

 
          Ghana - 0.3%  
   

Ghana Government International Bond

 
    1,500,000    

6.38%, 02/11/2027(1)

    1,393,800  
    2,585,000    

7.88%, 02/11/2035(6)

    2,290,956  
    841,000    

7.88%, 02/11/2035(1)

    745,336  
     

 

 

 
        4,430,092  
     

 

 

 
          Guatemala - 0.0%  
    200,000    

Guatemala Government Bond 6.13%, 06/01/2050(1)

    246,402  
     

 

 

 
          Honduras - 0.0%  
    300,000    

Honduras Government International Bond 5.63%, 06/24/2030(1)

    330,750  
     

 

 

 
          Hungary - 0.2%  
EUR     1,719,000    

Hungary Government Bond 1.63%, 04/28/2032(6)

    2,146,180  
   

Hungary Government International Bond

 
    295,000    

1.75%, 06/05/2035(6)

    369,972  
$     118,000    

5.38%, 02/21/2023

    130,157  
    226,000    

5.75%, 11/22/2023

    259,055  
     

 

 

 
        2,905,364  
     

 

 

 
Shares or Principal Amount   Market Value  
FOREIGN GOVERNMENT OBLIGATIONS - 18.7% - (continued)  
          India - 0.2%  
INR     280,850,000    

India Government Bond 5.77%, 08/03/2030

  $ 3,757,276  
     

 

 

 
          Indonesia - 0.7%  
   

Indonesia Government International Bond

 
EUR     110,000    

2.15%, 07/18/2024(6)

    134,998  
    210,000    

2.63%, 06/14/2023(6)

    258,039  
$     815,000    

3.85%, 07/18/2027(6)

    911,728  
    400,000    

4.45%, 04/15/2070

    471,810  
    1,035,000    

4.63%, 04/15/2043(6)

    1,209,619  
    1,520,000    

4.75%, 01/08/2026(6)

    1,757,439  
    550,000    

4.75%, 07/18/2047(6)

    672,702  
    2,010,000    

5.13%, 01/15/2045(6)

    2,520,767  
   

Indonesia Treasury Bond

 
IDR     27,625,000,000    

7.00%, 09/15/2030

    1,942,722  
    26,966,000,000    

7.50%, 06/15/2035

    1,899,144  
   

Perusahaan Penerbit SBSN Indonesia III

 
$     460,000    

4.15%, 03/29/2027(6)

    515,310  
    200,000    

4.45%, 02/20/2029(6)

    230,152  
     

 

 

 
        12,524,430  
     

 

 

 
          Italy - 0.4%  
EUR     5,435,000    

Italy Buoni Ordinari del Tesoro BOT 0.00%, 01/29/2021(6)(11)

    6,337,224  
     

 

 

 
          Ivory Coast - 0.4%  
   

Ivory Coast Government International Bond

 
    995,000    

5.88%, 10/17/2031(1)

    1,132,996  
    2,255,000    

5.88%, 10/17/2031(6)

    2,567,746  
    2,250,000    

6.63%, 03/22/2048(6)

    2,457,386  
    300,000    

6.88%, 10/17/2040(6)

    340,241  
     

 

 

 
        6,498,369  
     

 

 

 
          Japan - 3.6%  
   

Japan Treasury Discount Bill

 
JPY     447,150,000    

0.08%, 02/01/2021(13)

    4,272,012  
    363,050,000    

0.08%, 02/08/2021(13)

    3,468,558  
    212,800,000    

0.09%, 01/18/2021(13)

    2,032,985  
    152,850,000    

0.11%, 12/21/2020(13)

    1,460,145  
    1,072,550,000    

0.12%, 12/14/2020(13)

    10,245,669  
    285,700,000    

0.14%, 11/30/2020(13)

    2,729,088  
    250,000,000    

0.15%, 01/12/2021(13)

    2,388,334  
    1,448,750,000    

0.15%, 02/25/2021(13)

    13,842,155  
    362,950,000    

0.16%, 11/02/2020(13)

    3,466,766  
    1,448,750,000    

0.17%, 02/10/2021(13)

    13,841,525  
    253,500,000    

0.18%, 01/06/2021(13)

    2,421,734  
     

 

 

 
        60,168,971  
     

 

 

 
          Jordan - 0.1%  
   

Jordan Government International Bond

 
$     200,000    

4.95%, 07/07/2025(1)

    203,328  
    200,000    

5.75%, 01/31/2027(6)

    206,071  
    200,000    

5.85%, 07/07/2030(6)

    201,267  
    200,000    

5.85%, 07/07/2030(1)

    201,267  
    830,000    

6.13%, 01/29/2026(6)

    871,736  
     

 

 

 
        1,683,669  
     

 

 

 
          Macedonia - 0.1%  
EUR     405,000    

Former Yugoslav Republic of Macedonia
3.98%, 07/24/2021(6)

    481,117  
   

North Macedonia Government International Bond

 
    170,000    

3.68%, 06/03/2026(6)

    215,190  
    375,000    

3.68%, 06/03/2026(1)

    474,684  
     

 

 

 
        1,170,991  
     

 

 

 
 

 

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

 

 

  132  

 


The Hartford Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
FOREIGN GOVERNMENT OBLIGATIONS - 18.7% - (continued)  
          Mexico - 1.5%  
   

Mexican Bonos

 
MXN     39,419,200    

5.75%, 03/05/2026

  $ 1,890,743  
    34,406,600    

8.50%, 11/18/2038

    1,883,016  
   

Mexico Government International Bond

 
EUR     1,114,000    

1.13%, 01/17/2030

    1,210,039  
$     631,000    

3.25%, 04/16/2030

    652,000  
    200,000    

4.35%, 01/15/2047

    210,002  
    3,360,000    

4.50%, 04/22/2029

    3,810,240  
    6,540,000    

4.50%, 01/31/2050

    7,055,090  
    3,030,000    

4.75%, 04/27/2032

    3,466,320  
    316,000    

4.75%, 03/08/2044

    349,183  
    3,545,000    

5.00%, 04/27/2051

    4,046,617  
     

 

 

 
        24,573,250  
     

 

 

 
          Mongolia - 0.7%  
   

Mongolia Government International Bond

 
    4,717,000    

5.13%, 12/05/2022(6)

    4,834,900  
    7,293,000    

5.13%, 04/07/2026(1)(9)

    7,510,741  
     

 

 

 
        12,345,641  
     

 

 

 
          Morocco - 0.1%  
   

Morocco Government International Bond

 
EUR     365,000    

1.50%, 11/27/2031(6)

    393,574  
$     350,000    

4.25%, 12/11/2022(6)

    366,126  
    400,000    

5.50%, 12/11/2042(6)

    480,755  
     

 

 

 
        1,240,455  
     

 

 

 
          Nigeria - 0.2%  
    3,070,000    

Nigeria Government International Bond
7.88%, 02/16/2032(6)

    2,974,523  
     

 

 

 
          Oman - 0.3%  
   

Oman Government International Bond

 
    2,805,000    

6.50%, 03/08/2047(6)

    2,263,242  
    2,305,000    

6.75%, 01/17/2048(6)

    1,882,466  
     

 

 

 
        4,145,708  
     

 

 

 
          Panama - 0.3%  
   

Panama Government International Bond

 
    435,000    

3.16%, 01/23/2030

    474,698  
    725,000    

4.30%, 04/29/2053

    875,445  
    470,000    

4.50%, 04/16/2050

    579,867  
    930,000    

4.50%, 04/01/2056

    1,143,900  
    940,000    

7.13%, 01/29/2026

    1,187,934  
    465,000    

Panama Notas del Tesoro 3.75%, 04/17/2026(1)

    502,386  
     

 

 

 
        4,764,230  
     

 

 

 
          Paraguay - 0.1%  
   

Paraguay Government International Bond

 
    400,000    

4.70%, 03/27/2027(6)

    451,604  
    200,000    

5.60%, 03/13/2048(1)(9)

    246,202  
    200,000    

6.10%, 08/11/2044(6)

    258,400  
     

 

 

 
        956,206  
     

 

 

 
          Philippines - 0.2%  
   

Philippine Government International Bond

 
    1,380,000    

3.70%, 03/01/2041

    1,579,396  
    850,000    

3.95%, 01/20/2040

    999,076  
     

 

 

 
        2,578,472  
     

 

 

 
          Qatar - 0.0%  
    310,000    

Qatar Government International Bond 2.38%, 06/02/2021(6)

    312,967  
     

 

 

 
          Romania - 0.2%  
   

Romanian Government International Bond

 
EUR     535,000    

2.00%, 12/08/2026(6)

    652,435  
    120,000    

2.00%, 01/28/2032(1)

    139,752  
Shares or Principal Amount   Market Value  
FOREIGN GOVERNMENT OBLIGATIONS - 18.7% - (continued)  
          Romania - 0.2% - (continued)  
EUR     285,000    

2.00%, 01/28/2032(6)

  $ 331,910  
    230,000    

2.12%, 07/16/2031(6)

    271,218  
    175,000    

2.12%, 07/16/2031(1)

    206,361  
    270,000    

3.38%, 02/08/2038(6)

    339,656  
    8,000    

3.38%, 01/28/2050(1)

    9,676  
    65,000    

3.62%, 05/26/2030(1)

    86,785  
    610,000    

3.88%, 10/29/2035(6)

    824,106  
$     92,000    

4.00%, 02/14/2051(1)

    93,726  
    220,000    

6.13%, 01/22/2044(6)

    295,951  
     

 

 

 
        3,251,576  
     

 

 

 
          Russia - 0.8%  
   

Russian Federal Bond - OFZ

 
RUB     5,155,000    

6.90%, 05/23/2029

    68,946  
    132,040,000    

7.15%, 11/12/2025

    1,785,621  
    137,125,000    

7.65%, 04/10/2030

    1,918,175  
    8,950,000    

7.70%, 03/23/2033

    125,615  
    32,640,000    

7.95%, 10/07/2026

    460,877  
    1,430,000    

8.50%, 09/17/2031

    21,134  
   

Russian Foreign Bond - Eurobond

 
$     400,000    

4.25%, 06/23/2027(1)

    449,155  
    1,200,000    

4.25%, 06/23/2027(6)

    1,347,466  
    600,000    

4.38%, 03/21/2029(1)

    685,088  
    1,800,000    

4.38%, 03/21/2029(6)

    2,055,265  
    2,400,000    

5.10%, 03/28/2035(6)

    2,916,000  
    1,000,000    

5.25%, 06/23/2047(6)

    1,311,948  
    600,000    

5.63%, 04/04/2042(6)

    788,228  
     

 

 

 
        13,933,518  
     

 

 

 
          Saudi Arabia - 0.0%  
    415,000    

Saudi Government International Bond 3.25%, 10/26/2026(6)

    452,184  
     

 

 

 
          Senegal - 0.5%  
   

Senegal Government International Bond

 
EUR     3,380,000    

4.75%, 03/13/2028(6)

    3,890,066  
$     3,730,000    

6.25%, 05/23/2033(6)

    3,793,410  
    405,000    

6.75%, 03/13/2048(6)

    395,564  
     

 

 

 
        8,079,040  
     

 

 

 
          Serbia - 0.1%  
   

Serbia International Bond

 
EUR     120,000    

1.50%, 06/26/2029(1)

    136,230  
    1,135,000    

1.50%, 06/26/2029(6)

    1,288,514  
    230,000    

3.13%, 05/15/2027(6)

    291,059  
    185,000    

3.13%, 05/15/2027(1)

    234,113  
     

 

 

 
        1,949,916  
     

 

 

 
          South Africa - 0.3%  
ZAR     68,030,000    

Republic of South Africa Government Bond
8.00%, 01/31/2030

    3,844,134  
   

Republic of South Africa Government International Bond

 
$     1,230,000    

5.75%, 09/30/2049

    1,107,713  
    410,000    

6.25%, 03/08/2041

    403,883  
     

 

 

 
        5,355,730  
     

 

 

 
          South Korea - 0.3%  
   

Export-Import Bank of Korea

 
    1,000,000    

0.82%, 06/01/2021, 3 mo. USD LIBOR + 0.575%(2)

    1,001,982  
    1,000,000    

4.38%, 09/15/2021

    1,033,392  
    2,175,000    

Korea Development Bank

0.80%, 03/12/2021, 3 mo. USD LIBOR + 0.550%(2)

    2,176,833  
     

 

 

 
        4,212,207  
     

 

 

 
 

 

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

 

 

  133  

 


The Hartford Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
FOREIGN GOVERNMENT OBLIGATIONS - 18.7% - (continued)  
          Spain - 0.4%  
EUR     6,005,000    

Spain Letras del Tesoro 0.00%, 01/15/2021(11)

  $ 7,001,675  
     

 

 

 
          Supranational - 0.2%      
TRY     30,000,000    

European Investment Bank 12.00%, 05/12/2022

    3,308,682  
IDR     300,000,000    

International Bank for Reconstruction & Development 7.45%, 08/20/2021

    20,773  
   

International Finance Corp.

 
MXN     22,900,000    

0.00%, 02/22/2038(11)

    313,625  
IDR     1,800,000,000    

8.00%, 10/09/2023

    132,886  
     

 

 

 
        3,775,966  
     

 

 

 
          Thailand - 0.2%  
THB     117,460,000    

Thailand Government Bond 1.60%, 06/17/2035

    3,756,238  
     

 

 

 
          Tunisia - 0.0%  
   

Banque Centrale de Tunisie International Bond

 
$     540,000    

5.75%, 01/30/2025(6)

    454,736  
EUR     100,000    

6.75%, 10/31/2023(1)

    103,710  
     

 

 

 
        558,446  
     

 

 

 
          Turkey - 0.7%  
   

Turkey Government International Bond

 
$     215,000    

3.25%, 03/23/2023

    202,865  
    2,400,000    

4.88%, 10/09/2026

    2,165,232  
    820,000    

4.88%, 04/16/2043

    597,575  
    2,216,000    

5.13%, 02/17/2028

    1,968,074  
    7,030,000    

5.75%, 05/11/2047

    5,440,658  
    510,000    

6.00%, 03/25/2027

    481,108  
    835,000    

6.00%, 01/14/2041

    676,350  
     

 

 

 
        11,531,862  
     

 

 

 
          Ukraine - 0.3%  
   

Ukraine Government International Bond

 
    1,110,000    

7.25%, 03/15/2033(1)

    1,042,019  
    1,225,000    

7.38%, 09/25/2032(6)

    1,173,354  
    620,000    

7.75%, 09/01/2022(6)

    645,755  
    455,000    

7.75%, 09/01/2024(6)

    470,356  
    1,515,000    

7.75%, 09/01/2026(6)

    1,530,908  
    625,000    

7.75%, 09/01/2027(6)

    628,906  
     

 

 

 
        5,491,298  
     

 

 

 
          United Arab Emirates - 0.0%  
    200,000    

Abu Dhabi Government International Bond 4.13%, 10/11/2047(6)

    245,860  
    200,000    

Emirate of Dubai Government International Bonds 3.90%, 09/09/2050(6)

    187,344  
     

 

 

 
        433,204  
     

 

 

 
          Venezuela - 0.0%  
   

Venezuela Government International Bond

 
    1,224,000    

7.75%, 10/13/2019(12)

    111,996  
    380,000    

9.00%, 05/07/2023(12)

    34,770  
    800,000    

9.25%, 05/07/2028(12)

    73,200  
    1,355,300    

12.75%, 08/23/2022(12)

    124,010  
     

 

 

 
        343,976  
     

 

 

 
   

Total Foreign Government Obligations
(cost $318,858,881)

  $ 314,580,312  
     

 

 

 
MUNICIPAL BONDS - 0.9%  
          Education - 0.2%  
   

Chicago, IL, Board of Education, GO

 
    630,000    

5.18%, 12/01/2021

    644,553  
    380,000    

6.04%, 12/01/2029

    396,975  
Shares or Principal Amount   Market Value  
MUNICIPAL BONDS - 0.9% - (continued)  
          Education - 0.2% - (continued)  
$     1,110,000    

6.14%, 12/01/2039

  $ 1,138,893  
    660,000    

6.32%, 11/01/2029

    680,308  
     

 

 

 
        2,860,729  
     

 

 

 
          General - 0.1%  
    665,000    

Chicago, IL, Transit Auth 6.90%, 12/01/2040

    927,615  
     

 

 

 
          General Obligation - 0.1%  
   

State of Illinois, GO

 
    523,309    

4.95%, 06/01/2023(9)

    540,578  
    70,000    

5.00%, 01/01/2023

    73,262  
    935,000    

5.10%, 06/01/2033

    936,384  
    150,000    

5.56%, 02/01/2021

    151,361  
     

 

 

 
        1,701,585  
     

 

 

 
          Nursing Homes - 0.1%  
    2,000,000    

Seminole County, FL, Industrial Dev Auth 6.00%, 11/15/2025

    1,955,500  
     

 

 

 
          Transportation - 0.4%  
    1,150,000    

Chicago, IL, Transit Auth 3.91%, 12/01/2040

    1,218,942  
   

Metropolitan Transportation Auth, NY, Rev

 
    1,150,000    

5.00%, 11/15/2050

    1,242,287  
    4,170,000    

5.18%, 11/15/2049

    4,247,562  
    435,000    

6.73%, 11/15/2030

    510,486  
     

 

 

 
        7,219,277  
     

 

 

 
   

Total Municipal Bonds
(cost $14,359,322)

  $ 14,664,706  
     

 

 

 
SENIOR FLOATING RATE INTERESTS - 19.9%(14)  
          Advertising - 0.1%  
    1,400,850    

Clear Channel Outdoor Holdings, Inc.

3.71%, 08/21/2026, 1 mo. USD LIBOR + 3.500%

    1,272,770  
    962,725    

Terrier Media Buyer, Inc. 4.40%, 12/17/2026, 1 mo. USD LIBOR + 4.250%

    935,653  
     

 

 

 
        2,208,423  
     

 

 

 
      Aerospace/Defense - 0.2%  
    535,000    

Spirit Aerosystems, Inc. 6.00%, 01/15/2025, 1 mo. USD LIBOR + 5.250%

    533,663  
 

TransDigm, Inc.

 

    2,023,061    

2.40%, 05/30/2025, 1 mo. USD LIBOR + 2.250%

    1,900,281  
    344,743    

2.40%, 12/09/2025, 1 mo. USD LIBOR + 2.250%

    323,800  
     

 

 

 
    2,757,744  
     

 

 

 
      Airlines - 0.3%  
    1,396,563    

JetBlue Airways Corp. 6.25%, 06/17/2024, 1 mo. USD LIBOR + 5.250%

    1,388,714  
    685,000    

Mileage Plus Holdings LLC

6.25%, 06/20/2027, 1 mo. USD LIBOR + 5.250%

    695,145  
    1,880,000    

SkyMiles IP Ltd. 4.75%, 10/20/2027, 1 mo. USD LIBOR + 3.750%

    1,870,995  
    918,063    

WestJet Airlines Ltd. 4.00%, 12/11/2026, 3 mo. USD LIBOR + 3.000%

    804,167  
     

 

 

 
        4,759,021  
     

 

 

 
      Asset-Backed - Finance & Insurance - 0.1%  
    259,792    

Evertec Group LLC 3.65%, 11/27/2024, 3 mo. USD LIBOR + 3.500%

    256,544  
    925,000    

PAI Holdco, Inc. 0.00%, 10/28/2027(15)

    917,489  
     

 

 

 
        1,174,033  
     

 

 

 
 

 

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

 

 

  134  

 


The Hartford Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 19.9%(14) - (continued)  
      Auto Manufacturers - 0.1%  
$     1,283,212    

Navistar, Inc. 3.65%, 11/06/2024, 3 mo. USD LIBOR + 3.500%

  $ 1,268,776  
     

 

 

 
      Auto Parts & Equipment - 0.5%  
    1,815,893    

Adient U.S. LLC 4.49%, 05/06/2024, 3 mo. USD LIBOR + 4.250%

    1,787,747  
EUR     260,000    

AL Alpine AT Bidco GmbH

3.25%, 11/06/2025, 3 mo. EURIBOR + 3.250%

    282,118  
$     201,413    

AL Alpine U.S. Bidco, Inc.

3.23%, 11/06/2025, 1 mo. USD LIBOR + 3.000%

    184,796  
    913,761    

Altra Industrial Motion Corp.

2.15%, 10/01/2025, 3 mo. USD LIBOR + 2.000%

    894,060  
EUR     1,846,496    

Clarios Global L.P. 3.75%, 04/30/2026, 3 mo. EURIBOR + 3.750%

    2,095,856  
$     824,813    

First Brands Group LLC 8.50%, 02/02/2024, 1 mo. USD LIBOR + 7.500%

    816,564  
    360,000    

GT Polaris, Inc. 5.00%, 09/24/2027, 1 mo. USD LIBOR + 4.000%

    354,150  
    154,800    

IAA, Inc. 2.44%, 06/28/2026, 3 mo. USD LIBOR + 2.250%

    149,641  
    1,234,621    

Panther BF Aggregator 2 3.65%, 04/30/2026, 3 mo. USD LIBOR + 3.500%

    1,197,274  
     

 

 

 
        7,762,206  
     

 

 

 
      Beverages - 0.1%  
    410,850    

Refresco Holding B.V. 3.52%, 03/28/2025,
3 mo. USD LIBOR + 3.250%

    399,893  
EUR     1,400,000    

Sunshine Investments B.V. 0.00%, 03/28/2025(15)

    1,610,944  
     

 

 

 
        2,010,837  
     

 

 

 
      Chemicals - 1.0%  
$     1,001,060    

Axalta Coating Systems U.S. Holdings, Inc.

1.97%, 06/01/2024, 3 mo. USD LIBOR + 1.750%

    969,777  
EUR     385,920    

CeramTec AcquiCo GmbH

2.75%, 03/08/2025, 3 mo. EURIBOR + 2.750%

    427,241  
$     180,239    

CMC Materials, Inc. 2.19%, 11/15/2025,
1 mo. USD LIBOR + 2.000%

    177,535  
   

Diamond (BC) B.V.

 
    3,169,208    

3.15%, 09/06/2024, 3 mo. USD LIBOR + 3.000%

    3,026,593  
EUR     1,420,276    

3.25%, 09/06/2024, 3 mo. EURIBOR + 3.250%

    1,585,065  
$     1,616,834    

Element Solutions, Inc. 2.15%, 01/31/2026,
1 mo. USD LIBOR + 2.000%

    1,579,453  
EUR     1,370,000    

Froneri Lux FinCo S.a.r.l. 2.63%, 01/31/2027, 3 mo. EURIBOR + 2.625%

    1,551,693  
$     622,125    

Hexion, Inc. 3.73%, 07/01/2026, 3 mo. USD LIBOR + 3.500%

    610,305  
    229,462    

Minerals Technologies, Inc.

3.00%, 02/14/2024, 3 mo. USD LIBOR + 2.250%

    227,167  
EUR     100,000    

Nouryon Finance B.V. 3.25%, 10/01/2025,
3 mo. EURIBOR + 3.250%

    114,069  
$     2,393,946    

Nouryon USA LLC 3.15%, 10/01/2025, 1 mo. USD LIBOR + 3.000%

    2,314,945  
    3,534,251    

Tronox Finance LLC 3.22%, 09/22/2024,
3 mo. USD LIBOR + 3.000%

    3,456,639  
 

Univar Solutions USA, Inc.

 

    248,125    

2.15%, 11/22/2026, 1 mo. USD LIBOR + 2.000%

    241,044  
Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 19.9%(14) - (continued)  
      Chemicals - 1.0% - (continued)  
$     244,502    

2.40%, 07/01/2024, 3 mo. USD LIBOR + 2.500%

  $ 239,230  
    230,300    

WR Grace & Co. 1.97%, 04/03/2025, 3 mo. USD LIBOR + 1.750%

    224,542  
     

 

 

 
    16,745,298  
     

 

 

 
      Commercial Services - 2.0%  
 

AlixPartners LLP

 

    2,048,888    

2.65%, 04/04/2024, 1 mo. USD LIBOR + 2.500%

    1,984,861  
EUR     177,300    

3.25%, 04/04/2024, 3 mo. EURIBOR + 3.250%

    203,438  
$     639,110    

Allied Universal Holdco LLC

4.40%, 07/12/2026, 1 mo. USD LIBOR + 4.250%

    625,299  
    523,688    

Amentum Government Services Holdings

LLC 3.65%, 01/31/2027, 1 mo. USD LIBOR + 3.500%

    501,431  
    3,222,087    

APX Group, Inc. 7.25%, 12/31/2025, 1 mo. USD LIBOR + 4.000%

    3,138,667  
    232,800    

Ascend Learning LLC 4.00%, 07/12/2024,
3 mo. USD LIBOR + 3.000%

    227,320  
    1,642,588    

AVSC Holding Corp. 5.50%, 10/15/2026,
1 mo. USD LIBOR + 4.500%

    1,256,579  
    839,906    

Belron Finance U.S. LLC 2.46%, 10/30/2026, 1 mo. USD LIBOR + 2.250%

    814,709  
EUR     1,180,000    

Boels Topholding B.V. 4.00%, 02/05/2027,
3 mo. EURIBOR + 4.000%

    1,335,422  
$     1,324,281    

BrightView Landscapes LLC

2.69%, 08/15/2025, 3 mo. USD LIBOR + 2.500%

    1,298,894  
    713,872    

Ceridian HCM Holding, Inc.

2.60%, 04/30/2025, 3 mo. USD LIBOR + 2.500%

    689,108  
 

Deerfield Dakota Holding LLC

 

EUR     2,219,438    

4.00%, 04/09/2027, 3 mo. EURIBOR + 4.000%

    2,536,402  
$     2,478,788    

4.75%, 04/09/2027, 1 mo. USD LIBOR + 3.750%

    2,436,450  
    35,228    

Energizer Holdings, Inc. 2.44%, 12/17/2025, 1 mo. USD LIBOR + 2.250%

    35,051  
    1,756,460    

EVO Payments International LLC

3.40%, 12/22/2023, 3 mo. USD LIBOR + 3.250%

    1,733,187  
    568,327    

Fly Funding S.a.r.l. 1.99%, 08/09/2025, 1 mo. USD LIBOR + 1.750%

    489,944  
    445,500    

KAR Auction Services, Inc.

2.44%, 09/19/2026, 1 mo. USD LIBOR + 2.250%

    426,566  
EUR     640,000    

Loire Finco Luxembourg S.a.r.l.

3.25%, 04/20/2027, 3 mo. EURIBOR + 3.250%

    726,369  
$     1,906,231    

MPH Acquisition Holdings LLC

3.75%, 06/07/2023, 3 mo. USD LIBOR + 2.750%

    1,879,677  
EUR     379,236    

Nets Holding A/S 3.25%, 02/06/2025, 3 mo. EURIBOR + 3.250%

    429,898  
$     3,341,786    

Quikrete Holdings, Inc. 2.65%, 01/31/2027,
1 mo. USD LIBOR + 2.500%

    3,272,444  
    882,654    

Refinitiv U.S. Holdings, Inc.

3.40%, 10/01/2025, 1 mo. USD LIBOR + 3.250%

    868,452  
    464,717    

Russell Investments U.S. Inst’l Holdco, Inc.

3.75%, 06/01/2023, 3 mo. USD LIBOR + 3.250%

    460,362  
 

 

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

 

 

  135  

 


The Hartford Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 19.9%(14) - (continued)  
      Commercial Services - 2.0% - (continued)  
EUR     231,666    

Techem Verwaltungsgesellschaft 675 mbH

2.63%, 07/15/2025, 3 mo. EURIBOR + 2.625%

  $ 265,131  
$     844,564    

Trans Union LLC 1.90%, 11/13/2026, 1 mo. USD LIBOR + 1.750%

    822,572  
    317,600    

U.S. Ecology Holdings, Inc.

2.65%, 11/01/2026, 3 mo. USD LIBOR + 2.500%

    312,836  
EUR     1,650,000    

Verisure Holding AB 4.00%, 07/14/2026, 3 mo. EURIBOR + 4.000%

    1,912,064  
$     1,184,950    

Weight Watchers International, Inc.

5.50%, 11/29/2024, 3 mo. USD LIBOR + 4.750%

    1,181,395  
    1,857,050    

WEX, Inc. 2.40%, 05/17/2026, 3 mo. USD LIBOR + 2.250%

    1,787,410  
     

 

 

 
    33,651,938  
     

 

 

 
      Construction Materials - 0.2%  
    186,171    

Advanced Drainage Systems, Inc.

2.44%, 09/24/2026, 1 mo. USD LIBOR + 2.250%

    184,464  
    1,524,387    

Brookfield WEC Holdings, Inc.

3.75%, 08/01/2025, 1 mo. USD LIBOR + 3.000%

    1,486,521  
    1,559,094    

Cornerstone Building Brands, Inc.

3.90%, 04/12/2025, 3 mo. USD LIBOR + 3.750%

    1,526,446  
    259,038    

Hamilton Holdco LLC 2.23%, 01/02/2027,
1 mo. USD LIBOR + 2.000%

    251,267  
    646,675    

Summit Materials LLC 2.15%, 11/21/2024,
3 mo. USD LIBOR + 2.000%

    632,933  
     

 

 

 
    4,081,631  
     

 

 

 
      Distribution/Wholesale - 0.1%  
    1,091,487    

American Builders & Contractors Supply Co.,

Inc. 2.15%, 01/15/2027, 1 mo. USD LIBOR + 2.000%

    1,058,230  
     

 

 

 
      Diversified Financial Services - 0.5%  
    1,086,836    

Aretec Group, Inc. 4.40%, 10/01/2025, 3 mo. USD LIBOR + 4.250%

    1,010,757  
 

Blackhawk Network Holdings, Inc.

 

    3,369,766    

3.15%, 06/15/2025, 3 mo. USD LIBOR + 3.000%

    3,156,528  
    900,000    

7.19%, 06/15/2026, 3 mo. USD LIBOR + 7.000%

    807,750  
 

GreenSky Holdings LLC

 

    832,453    

3.44%, 03/29/2025, 3 mo. USD LIBOR + 3.250%

    784,587  
    1,047,375    

5.50%, 03/29/2025, 1 mo. USD LIBOR + 4.500%

    1,010,717  
    172,375    

Minotaur Acquisition, Inc. 5.15%, 03/29/2026, 3 mo. USD LIBOR + 5.000%

    163,756  
EUR     435,178    

Refinitiv U.S. Holdings, Inc.

3.25%, 10/01/2025, 3 mo. EURIBOR + 3.250%

    498,533  
$     756,549    

Victory Capital Holdings, Inc.

2.73%, 07/01/2026, 1 mo. USD LIBOR + 2.500%

    740,154  
     

 

 

 
    8,172,782  
     

 

 

 
      Electric - 0.0%  
    318,342    

Seadrill Operating L.P. 7.00%, 02/21/2021,
3 mo. USD LIBOR + 6.000%

    31,481  
     

 

 

 
      Electrical Components & Equipment - 0.1%  
    1,125,000    

Virgin Media Bristol LLC 2.65%, 01/31/2028, 1 mo. USD LIBOR + 2.500%

    1,084,927  
     

 

 

 
Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 19.9%(14) - (continued)  
      Engineering & Construction - 0.1%  
$     1,017,598    

Brand Industrial Services, Inc.

5.25%, 06/21/2024, 3 mo. USD LIBOR + 4.250%

  $ 945,094  
    163,134    

DG Investment Intermediate Holdings, Inc.

3.75%, 02/03/2025, 3 mo. USD LIBOR + 3.000%

    156,691  
EUR     248,919    

Fluidra Finco S.L. 2.00%, 07/02/2025, 3 mo. EURIBOR + 2.000%

    285,375  
     

 

 

 
    1,387,160  
     

 

 

 
      Entertainment - 0.7%  
$     1,298,245    

Crown Finance U.S., Inc. 2.77%, 02/28/2025, 3 mo. USD LIBOR + 2.500%

    721,928  
    1,505,843    

Delta (LUX) S.a.r.l. 3.50%, 02/01/2024, 3 mo. USD LIBOR + 2.500%

    1,441,845  
   

Motion Finco LLC

 
    438,613    

3.47%, 11/04/2026, 1 mo. USD LIBOR + 3.250%

    374,102  
    57,646    

3.47%, 11/04/2026, 1 mo. USD LIBOR + 3.250%(16)

    49,168  
EUR     335,000    

Motion Finco S.a.r.l. 3.00%, 11/04/2026,
3 mo. EURIBOR + 3.000%

    340,737  
$     1,489,793    

Penn National Gaming, Inc.

3.00%, 10/15/2025, 3 mo. USD LIBOR + 2.250%

    1,435,520  
    1,819,491    

Playtika Holding Corp. 7.00%, 12/10/2024,
1 mo. USD LIBOR + 6.000%

    1,818,253  
    2,670,103    

Scientific Games International, Inc.

2.90%, 08/14/2024, 1 mo. USD LIBOR + 2.750%

    2,479,030  
    997,416    

SeaWorld Parks & Entertainment, Inc.

3.75%, 03/31/2024, 3 mo. USD LIBOR + 3.000%

    929,911  
    1,495,876    

UFC Holdings LLC 4.25%, 04/29/2026, 1 mo. USD LIBOR + 3.250%

    1,464,088  
    1,088,192    

William Morris Endeavor Entertainment LLC

2.90%, 05/18/2025, 3 mo. USD LIBOR + 2.750%

    921,851  
    230,300    

Wyndham Hotels & Resorts, Inc.

1.90%, 05/30/2025, 3 mo. USD LIBOR + 1.750%

    218,688  
     

 

 

 
        12,195,121  
     

 

 

 
      Food - 0.6%  
    833,404    

Atkins Nutritionals Holdings, Inc.

4.75%, 07/07/2024, 1 mo. USD LIBOR + 3.750%

    830,804  
    679,258    

B&G Foods, Inc. 2.65%, 10/10/2026, 1 mo. USD LIBOR + 2.500%

    674,334  
    884,538    

BellRing Brands LLC 6.00%, 10/21/2024,
1 mo. USD LIBOR + 5.000%

    886,528  
    942,193    

CHG PPC Parent LLC 2.90%, 03/30/2025,
3 mo. USD LIBOR + 2.750%

    909,216  
    2,471,250    

Froneri U.S., Inc. 2.40%, 01/31/2027, 1 mo. USD LIBOR + 2.250%

    2,375,094  
    1,855,846    

Hostess Brands LLC 3.00%, 08/03/2025,
1 mo. USD LIBOR + 2.250%

    1,805,979  
   

U.S. Foods, Inc.

 
    2,710,783    

1.90%, 06/27/2023, 1 mo. USD LIBOR + 1.750%

    2,588,120  
    905,850    

2.15%, 09/13/2026, 3 mo. USD LIBOR + 2.000%

    858,863  
     

 

 

 
        10,928,938  
     

 

 

 
      Food Service - 0.1%  
   

8th Avenue Food & Provisions, Inc.

 
    221,063    

3.65%, 10/01/2025, 3 mo. USD LIBOR + 3.500%

    217,700  
 

 

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

 

 

  136  

 


The Hartford Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 19.9%(14) - (continued)  
      Food Service - 0.1% - (continued)  
$     135,000    

7.90%, 10/01/2026, 3 mo. USD LIBOR + 7.750%

  $ 132,300  
 

Aramark Services, Inc.

 

    928,502    

1.90%, 03/11/2025, 1 mo. USD LIBOR + 1.750%

    885,949  
    487,550    

1.90%, 01/15/2027, 1 mo. USD LIBOR + 1.750%

    462,261  
     

 

 

 
    1,698,210  
     

 

 

 
      Gas - 0.0%  
EUR     100,000    

Messer Industries GmbH 2.50%, 03/01/2026, 3 mo. EURIBOR + 2.750%

    114,306  
$     640,250    

Messer Industries USA, Inc.

2.72%, 03/01/2026, 3 mo. USD LIBOR + 2.500%

    622,758  
     

 

 

 
    737,064  
     

 

 

 
      Hand/Machine Tools - 0.2%  
    2,685,000    

Applecaramel Buyer LLC
0.00%, 10/19/2027(15)

    2,643,275  
     

 

 

 
      Healthcare - Products - 0.4%  
 

Avantor Funding, Inc.

 

    4,560,000    

0.00%, 10/29/2027(15)

    4,514,400  
    112,379    

3.25%, 11/21/2024, 1 mo. USD LIBOR + 2.250%

    111,208  
    203,975    

CPI Holdco LLC 4.40%, 11/04/2026, 1 mo. USD LIBOR + 4.250%

    200,915  
    438,750    

Lifescan Global Corp. 6.23%, 10/01/2024,
3 mo. USD LIBOR + 6.000%

    410,012  
    2,349,431    

Parexel International Corp. 2.90%, 09/27/2024, 3 mo. USD LIBOR + 2.750%

    2,250,426  
     

 

 

 
    7,486,961  
     

 

 

 
      Healthcare - Services - 1.1%  
    930,000    

Agiliti Health, Inc 0.00%, 01/04/2026(15)

    906,750  
EUR     1,835,000    

Bio Lam LCD SELAS 4.75%, 04/25/2026,
3 mo. EURIBOR + 4.750%

    2,110,419  
$     1,061,412    

Catalent Pharma Solutions, Inc.

3.25%, 05/17/2026, 3 mo. USD LIBOR + 2.250%

    1,054,778  
    169,200    

CDRH Parent, Inc. 5.25%, 07/01/2021, 3 mo. USD LIBOR + 4.250%

    124,362  
    1,231,928    

Dentalcorp Health Services ULC

4.75%, 06/06/2025, 3 mo. USD LIBOR + 3.750%

    1,184,708  
    205,599    

DuPage Medical Group Ltd.

7.75%, 08/11/2025, 3 mo. USD LIBOR + 7.000%

    184,011  
    450,450    

Emerald TopCo, Inc. 3.71%, 07/25/2026,
1 mo. USD LIBOR + 3.500%

    433,558  
    990,661    

Ensemble RCM LLC 3.96%, 08/01/2026,
3 mo. USD LIBOR + 3.750%

    967,133  
    584,588    

Envision Healthcare Corp.

3.90%, 10/10/2025, 3 mo. USD LIBOR + 3.750%

    415,484  
 

EyeCare Partners LLC

 

    385,000    

3.75%, 02/20/2027, 1 mo. USD LIBOR + 3.750%(16)

    363,987  
    1,641,750    

3.90%, 02/20/2027, 1 mo. USD LIBOR + 3.750%

    1,552,143  
    1,997,041    

Gentiva Health Services, Inc.

3.44%, 07/02/2025, 1 mo. USD LIBOR + 3.250%

    1,952,107  
EUR     581,613    

IQVIA, Inc. 2.00%, 06/11/2025, 1 mo. EURIBOR + 2.000%

    669,152  
Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 19.9%(14) - (continued)  
      Healthcare - Services - 1.1% - (continued)  
$     988,753    

Jaguar Holding Co. 3.50%, 08/18/2022, 3 mo. USD LIBOR + 2.500%

  $ 980,546  
 

MED ParentCo L.P.

 

    253,492    

4.40%, 08/31/2026, 1 mo. USD LIBOR + 4.250%(16)

    240,607  
    1,010,869    

4.40%, 08/31/2026, 1 mo. USD LIBOR + 4.250%

    959,487  
    472,105    

Midwest Physician Administrative Services LLC 3.50%, 08/15/2024, 3 mo. USD LIBOR + 2.750%

    459,122  
    1,090,000    

Packaging Coordinators Midco, Inc. 0.00%, 09/25/2027(15)

    1,070,249  
    249,263    

Sound Inpatient Physicians Holdings LLC

2.90%, 06/28/2025, 3 mo. USD LIBOR + 2.750%

    243,395  
    2,280,958    

Surgery Center Holdings, Inc.

4.25%, 08/31/2024, 3 mo. USD LIBOR + 3.250%

    2,157,992  
    675,692    

Syneos Health, Inc. 1.90%, 08/01/2024,
3 mo. USD LIBOR + 2.000%

    660,279  
    220,499    

Verscend Holding Corp. 4.65%, 08/27/2025, 3 mo. USD LIBOR + 4.500%

    216,020  
     

 

 

 
    18,906,289  
     

 

 

 
      Household Products - 0.1%  
    760,000    

Diamond (BC) B.V. 6.00%, 09/06/2024, 1 mo. USD LIBOR + 5.000%

    758,100  
    206,400    

Revlon Consumer Products Corp.

4.25%, 09/07/2023, 1 mo. USD LIBOR + 3.500%

    51,600  
    434,341    

Reynolds Consumer Products LLC

1.90%, 02/04/2027, 1 mo. USD LIBOR + 1.750%

    425,520  
    1,330,000    

Weber-Stephen Products LLC
0.00%, 10/30/2027(15)

    1,315,875  
     

 

 

 
    2,551,095  
     

 

 

 
      Insurance - 1.2%  
    2,514,749    

Acrisure LLC 3.65%, 02/15/2027, 1 mo. USD LIBOR + 3.500%

    2,419,088  
    165,000    

Alliant Holdings Intermediate LLC
0.00%, 10/08/2027(15)

    163,093  
   

Asurion LLC

 

    1,168,469    

3.15%, 08/04/2022, 1 mo. USD LIBOR + 2.750%

    1,148,851  
    2,112,578    

3.15%, 11/03/2023, 1 mo. USD LIBOR + 3.000%

    2,071,657  
    515,034    

3.15%, 11/03/2024, 1 mo. USD LIBOR + 3.000%

    504,826  
    1,690,909    

6.65%, 08/04/2025, 3 mo. USD LIBOR + 6.000%

    1,690,909  
    620,000    

Camelot U.S. Acquisition 1 Co.
0.00%, 10/30/2026(15)

    612,510  
   

Hub International Ltd.

 

    2,724,602    

3.22%, 04/25/2025, 1 mo. USD LIBOR + 3.000%

    2,616,408  
    1,082,447    

5.00%, 04/25/2025, 1 mo. USD LIBOR + 4.000%

    1,075,552  
    1,005,000    

Hyperion Insurance Group Ltd.
0.00%, 10/22/2027(15)

    999,975  
    717,644    

NFP Corp. 3.40%, 02/13/2027, 1 mo. USD LIBOR + 3.250%

    685,350  
    370,000    

Ryan Specialty Group LLC

4.00%, 09/01/2027, 1 mo. USD LIBOR + 3.250%

    366,762  
   

Sedgwick Claims Management Services, Inc.

 

    2,545,764    

3.40%, 12/31/2025, 3 mo. USD LIBOR + 3.250%

    2,439,325  
 

 

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

 

 

  137  

 


The Hartford Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 19.9%(14) - (continued)  
      Insurance - 1.2% - (continued)  
$     656,688    

4.15%, 09/03/2026, 3 mo. USD LIBOR + 4.000%

  $ 637,092  
    518,700    

5.25%, 09/03/2026, 1 mo. USD LIBOR + 4.250%

    511,786  
    2,075,372    

USI, Inc. 3.22%, 05/16/2024, 3 mo. USD LIBOR + 3.000%

    1,997,110  
     

 

 

 
        19,940,294  
     

 

 

 
          Internet - 0.1%  
    433,913    

MH Sub LLC 4.75%, 09/15/2024, 1 mo. USD LIBOR + 3.750%

    426,050  
    332,350    

Rodan & Fields LLC 4.15%, 06/07/2025,
3 mo. USD LIBOR + 4.000%

    240,954  
    391,935    

Shutterfly LLC 7.00%, 10/01/2026, 1 mo. USD LIBOR + 6.000%

    361,419  
     

 

 

 
        1,028,423  
     

 

 

 
          IT Services - 0.2%  
    242,531    

NAB Holdings LLC 4.00%, 06/30/2024, 3 mo. USD LIBOR + 3.000%

    236,288  
    385,333    

Science Applications International Corp.

2.40%, 03/13/2027, 1 mo. USD LIBOR + 2.250%

    380,278  
    299,250    

Surf Holdings LLC 3.75%, 03/05/2027, 1 mo. USD LIBOR + 3.500%

    289,450  
    1,983,726    

Tempo Acquisition LLC 3.75%, 10/31/2026,
1 mo. USD LIBOR + 3.250%

    1,915,784  
    487,550    

VS Buyer LLC 3.40%, 03/02/2027, 1 mo. USD LIBOR + 3.250%

    475,361  
     

 

 

 
        3,297,161  
     

 

 

 
          Leisure Time - 0.4%  
    2,230,000    

Caesars Resort Collection LLC

4.65%, 07/20/2025, 1 mo. USD LIBOR + 4.500%

    2,156,834  
    802,988    

Carnival Corp. 8.50%, 06/30/2025, 1 mo. USD LIBOR + 7.500%

    807,805  
    1,164,976    

Golden Entertainment, Inc.

3.75%, 10/20/2024, 3 mo. USD LIBOR + 3.000%

    1,122,746  
    2,496,419    

Hayward Industries, Inc. 3.65%, 08/04/2024, 3 mo. USD LIBOR + 3.500%

    2,423,598  
    674,379    

SRAM LLC 3.75%, 03/15/2024, 3 mo. USD LIBOR + 2.750%

    670,164  
     

 

 

 
        7,181,147  
     

 

 

 
          Lodging - 0.3%  
    2,195,190    

Boyd Gaming Corp. 2.34%, 09/15/2023,
3 mo. USD LIBOR + 2.250%

    2,130,015  
    2,483,527    

Caesars Resort Collection LLC 2.90%, 12/22/2024, 3 mo. USD LIBOR + 2.750%

    2,322,793  
    936,919    

CityCenter Holdings LLC 3.00%, 04/18/2024, 3 mo. USD LIBOR + 2.250%

    879,533  
     

 

 

 
        5,332,341  
     

 

 

 
      Machinery - Construction & Mining - 0.0%  
 

Pro Mach Group, Inc.

 

    101,554    

4.50%, 03/07/2025, 1 mo. USD LIBOR + 3.500%(16)

    102,569  
    307,675    

4.50%, 03/07/2025, 1 mo. USD LIBOR + 3.500%

    295,368  
     

 

 

 
    397,937  
     

 

 

 
      Machinery - Diversified - 0.3%  
    160,666    

Fluidra S.A. 2.15%, 07/02/2025, 1 mo. USD LIBOR + 2.000%

    155,645  
Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 19.9%(14) - (continued)  
      Machinery - Diversified - 0.3% - (continued)  
 

Gardner Denver, Inc.

 

$     200,381    

1.90%, 02/28/2027, 1 mo. USD LIBOR + 1.750%

  $ 193,368  
EUR     1,001,791    

2.00%, 02/28/2027, 3 mo. EURIBOR + 2.000%

    1,145,898  
$     623,438    

2.90%, 02/28/2027, 1 mo. USD LIBOR + 2.750%

    614,672  
    355,875    

Pro Mach Group, Inc. 2.90%, 03/07/2025,
3 mo. USD LIBOR +2.750%

    335,487  
EUR     310,000    

Vertical Midco GmbH 4.25%, 07/31/2027,
3 mo. EURIBOR + 4.250%

    359,272  
$     1,760,000    

Vertical U.S. Newco, Inc. 4.57%, 07/31/2027, 1 mo. USD LIBOR + 4.250%

    1,732,509  
     

 

 

 
    4,536,851  
     

 

 

 
      Media - 2.4%  
 

Adevinta ASA

 

EUR     1,335,000    

0.00%, 10/23/2027(15)

    1,551,620  
$     365,000    

0.00%, 10/23/2027(15)

    362,262  
    1,655,000    

Alliance Laundry Systems LLC
0.00%, 10/08/2027(15)

    1,638,450  
 

Altice Financing S.A.

 

EUR     126,100    

2.75%, 01/31/2026, 3 mo. EURIBOR + 2.750%

    140,957  
$     780,850    

2.90%, 01/31/2026, 3 mo. USD LIBOR + 2.750%

    742,456  
    987,766    

AVSC Holding Corp. 4.25%, 03/01/2025,
3 mo. USD LIBOR + 3.250%

    753,912  
EUR     875,000    

Banijay Entertainment S.A.S
0.00%, 03/04/2025(15)

    1,000,807  
$     1,145,000    

Banijay Group U.S. Holding, Inc.

3.89%, 03/01/2025, 1 mo. USD LIBOR + 3.750%

    1,107,787  
    934,133    

Charter Communications Operating LLC

1.90%, 02/01/2027, 1 mo. USD LIBOR + 1.750%

    909,322  
 

CSC Holdings LLC

 

    246,173    

2.40%, 07/17/2025, 3 mo. USD LIBOR + 2.250%

    237,161  
    1,813,217    

2.65%, 04/15/2027, 1 mo. USD LIBOR + 2.500%

    1,752,927  
    2,009,952    

E.W. Scripps Co. 2.65%, 05/01/2026, 1 mo. USD LIBOR + 2.500%

    1,938,358  
    641,720    

Entravision Communications Corp.

2.90%, 11/30/2024, 3 mo. USD LIBOR + 2.750%

    606,958  
    1,266,825    

Go Daddy Operating Co. LLC

2.65%, 08/10/2027, 1 mo. USD LIBOR + 2.500%

    1,244,123  
    1,849,643    

Gray Television, Inc. 2.65%, 01/02/2026,
3 mo. USD LIBOR + 2.500%

    1,798,315  
    974,684    

Houghton Mifflin Harcourt Publishers, Inc.

7.25%, 11/22/2024, 1 mo. USD LIBOR + 6.250%

    904,019  
    3,114,133    

ION Media Networks, Inc.

3.19%, 12/18/2024, 1 mo. USD LIBOR + 3.000%

    3,077,978  
    912,721    

NASCAR Holdings, Inc. 2.90%, 10/18/2026,
3 mo. USD LIBOR + 2.750%

    886,973  
 

NEP Group, Inc.

 

    4,929,350    

3.40%, 10/20/2025, 3 mo. USD LIBOR + 3.250%

    4,433,654  
    210,000    

7.15%, 10/19/2026, 3 mo. USD LIBOR + 7.000%

    168,263  
    1,733,928    

Nexstar Broadcasting, Inc.

2.90%, 09/19/2026, 1 mo. USD LIBOR + 2.750%

    1,687,112  
 

 

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

 

 

  138  

 


The Hartford Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 19.9%(14) - (continued)  
      Media - 2.4% - (continued)  
$     213,925    

Nielsen Finance LLC 4.75%, 06/04/2025,
1 mo. USD LIBOR + 3.750%

  $ 213,069  
EUR     762,007    

Nielsen Holding & Finance B.V.

3.75%, 06/04/2025, 3 mo. EURIBOR + 3.750%

    886,363  
$     769,018    

Sinclair Television Group, Inc.

2.65%, 09/30/2026, 1 mo. USD LIBOR + 2.500%

    744,025  
 

UPC Broadband Holding B.V.

 

EUR     805,000    

0.00%, 01/31/2029(15)

    924,540  
$     4,795,000    

0.00%, 01/31/2029(15)

    4,669,132  
 

Virgin Media Bristol LLC

 

    1,010,000    

0.00%, 01/31/2029(15)

    989,618  
EUR     1,515,000    

0.00%, 01/31/2029(15)

    1,739,443  
    700,000    

Virgin Media SFA Finance Ltd.

2.50%, 01/31/2029, 3 mo. EURIBOR + 2.500%

    791,898  
 

Web.com Group, Inc.

 

$     754,429    

3.90%, 10/11/2025, 3 mo. USD LIBOR + 3.750%

    724,961  
    347,609    

7.90%, 10/11/2026, 3 mo. USD LIBOR + 7.750%

    326,753  
EUR     785,000    

Ziggo B.V. 3.00%, 01/31/2029, 3 mo. EURIBOR + 3.000%

    888,825  
    1,100,000    

Ziggo Financing Partnership

2.65%, 04/30/2028, 1 mo. USD LIBOR + 2.500%

    1,053,998  
     

 

 

 
    40,896,039  
     

 

 

 
      Metal Fabricate/Hardware - 0.1%  
    698,250    

Cardtronics USA, Inc. 5.00%, 06/29/2027,
1 mo. USD LIBOR + 4.000%

    695,631  
    881,676    

Circor International, Inc. 4.25%, 12/11/2024, 1 mo. USD LIBOR + 3.250%

    862,279  
    867,129    

RBS Global, Inc. 1.90%, 08/21/2024, 1 mo. USD LIBOR + 1.750%

    857,989  
     

 

 

 
    2,415,899  
     

 

 

 
      Miscellaneous Manufacturing - 0.3%  
    2,138,585    

Core & Main L.P. 3.75%, 08/01/2024, 3 mo. USD LIBOR + 3.000%

    2,067,755  
$     319,161    

H.B. Fuller Co. 2.15%, 10/20/2024, 3 mo. USD LIBOR + 2.000%

    313,177  
    1,203,950    

Ingersoll-Rand Services Co.

1.90%, 02/28/2027, 1 mo. USD LIBOR + 1.750%

    1,161,812  
    284,200    

LTI Holdings, Inc. 3.65%, 09/06/2025, 3 mo. USD LIBOR + 3.500%

    264,104  
    768,297    

Momentive Performance Materials USA LLC

3.40%, 05/15/2024, 3 mo. USD LIBOR + 3.250%

    726,525  
    202,950    

Tamko Building Products LLC

3.40%, 05/31/2026, 3 mo. USD LIBOR + 3.250%

    197,876  
    492,366    

Wilsonart LLC 4.25%, 12/19/2023, 3 mo. USD LIBOR + 3.250%

    484,188  
     

 

 

 
    5,215,437  
     

 

 

 
      Oil & Gas - 0.1%  
    88,125    

PES Holdings LLC 0.00%, 12/31/2022, 3 mo. USD LIBOR + 6.990%(12)(15)

    6,609  
    910,634    

PowerTeam Services LLC

4.25%, 03/06/2025, 3 mo. USD LIBOR + 3.250%

    879,090  
    8,925    

Seadrill Operating L.P. 11.00%, 02/21/2021, 1 mo. USD LIBOR + 1.000%(16)

    9,015  
     

 

 

 
    894,714  
     

 

 

 
Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 19.9%(14) - (continued)  
      Oil & Gas Services - 0.2%  
$     467,650    

Buckeye Partners L.P. 2.90%, 11/01/2026,
1 mo. USD LIBOR + 2.750%

  $ 458,213  
    2,152,800    

UGI Energy Services LLC

3.90%, 08/13/2026, 1 mo. USD LIBOR + 3.750%

    2,131,272  
     

 

 

 
    2,589,485  
     

 

 

 
      Packaging & Containers - 0.5%  
    2,807,749    

Berlin Packaging LLC 3.23%, 11/07/2025,
3 mo. USD LIBOR + 3.000%

    2,688,420  
 

Berry Global, Inc.

 

    723,174    

2.15%, 10/01/2022, 1 mo. USD LIBOR + 2.000%

    714,713  
    987,500    

2.15%, 07/01/2026, 1 mo. USD LIBOR + 2.000%

    954,685  
 

Flex Acquisition Co., Inc.

 

    1,026,121    

3.48%, 06/29/2025, 3 mo. USD LIBOR + 3.250%

    985,394  
    2,027,265    

4.00%, 12/29/2023, 3 mo. USD LIBOR + 3.000%

    1,973,684  
    406,925    

Pregis TopCo LLC 3.90%, 08/01/2026, 1 mo. USD LIBOR + 3.750%

    396,243  
    289,968    

Proampac PG Borrower LLC

4.50%, 11/18/2023, 3 mo. USD LIBOR + 3.500%

    284,532  
    475,482    

Reynolds Group Holdings, Inc.

2.90%, 02/05/2023, 3 mo. USD LIBOR + 3.000%

    466,039  
     

 

 

 
    8,463,710  
     

 

 

 
      Pharmaceuticals - 0.8%  
    627,584    

Bausch Health Americas, Inc.

2.90%, 11/27/2025, 3 mo. USD LIBOR + 2.750%

    612,158  
    911,518    

Bausch Health Americas, Inc.

3.15%, 06/01/2025, 3 mo. USD LIBOR + 3.000%

    889,113  
    2,642,440    

Change Healthcare Holdings LLC

3.50%, 03/01/2024, 1 mo. USD LIBOR + 2.750%

    2,576,062  
    2,997,164    

Elanco Animal Health, Inc.

1.90%, 08/01/2027, 1 mo. USD LIBOR + 1.750%

    2,929,098  
    803,025    

Endo International plc 5.00%, 04/27/2024,
3 mo. USD LIBOR + 4.250%

    760,866  
EUR     322,563    

Grifols S.A. 2.25%, 11/15/2027, 3 mo. EURIBOR + 2.250%

    370,207  
$     1,200,000    

Milano Acquisition Corp. 4.75%, 10/01/2027, 1 mo. USD LIBOR + 4.000%

    1,178,004  
 

Pathway Vet Alliance LLC

 

    110,491    

4.00%, 03/31/2027, 1 mo. USD LIBOR + 4.000%(16)

    107,867  
    1,352,712    

4.15%, 03/31/2027, 1 mo. USD LIBOR + 4.000%

    1,320,585  
    2,958,688    

Sunshine Luxembourg S.a.r.l.

5.25%, 10/02/2026, 1 mo. USD LIBOR + 4.250%

    2,925,876  
     

 

 

 
    13,669,836  
     

 

 

 
      Pipelines - 0.2%  
 

BCP Raptor LLC

 

    227,125    

4.90%, 11/03/2025, 3 mo. USD LIBOR + 4.750%

    159,442  
    266,063    

5.25%, 06/30/2024, 3 mo. USD LIBOR + 4.250%

    218,171  
    747,396    

BCP Renaissance Parent LLC

4.50%, 11/01/2024, 3 mo. USD LIBOR + 3.500%

    684,802  
 

 

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

 

 

  139  

 


The Hartford Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 19.9%(14) - (continued)  
      Pipelines - 0.2% - (continued)  
$     355,500    

Lower Cadence Holdings LLC

4.15%, 05/22/2026, 3 mo. USD LIBOR + 4.000%

  $ 321,951  
    1,049,173    

Medallion Midland Acquisition LLC

4.25%, 10/30/2024, 3 mo. USD LIBOR + 3.250%

    979,666  
    1,161,574    

NorthRiver Midstream Finance L.P.

3.48%, 10/01/2025, 3 mo. USD LIBOR + 3.250%

    1,083,458  
    367,656    

Traverse Midstream Partners LLC

6.50%, 09/27/2024, 1 mo. USD LIBOR + 5.500%

    338,111  
     

 

 

 
    3,785,601  
     

 

 

 
      Real Estate - 0.1%  
    246,241    

Belron Finance U.S. LLC 2.50%, 11/13/2025, 3 mo. USD LIBOR + 2.500%

    238,854  
    1,881,591    

VICI Properties LLC 1.90%, 12/22/2024,
1 mo. USD LIBOR + 1.750%

    1,803,975  
     

 

 

 
    2,042,829  
     

 

 

 
      REITS - 0.0%  
    160,385    

Iron Mountain, Inc. 1.90%, 01/02/2026, 3 mo. USD LIBOR + 1.750%

    154,037  
     

 

 

 
      Retail - 1.4%  
    1,346,003    

B.C. Unlimited Liability Co.

1.90%, 11/19/2026, 1 mo. USD LIBOR + 1.750%

    1,289,363  
    2,238,101    

Bass Pro Group LLC 5.75%, 09/25/2024,
3 mo. USD LIBOR + 5.000%

    2,229,015  
    2,792,953    

Beacon Roofing Supply, Inc.

2.40%, 01/02/2025, 3 mo. USD LIBOR + 2.250%

    2,700,003  
    283,575    

Buzz Merger Sub Ltd. 2.90%, 01/29/2027,
1 mo. USD LIBOR + 2.750%

    275,068  
    316,000    

Carrols Restaurant Group, Inc.

3.48%, 04/30/2026, 3 mo. USD LIBOR + 3.250%

    300,462  
 

Coty, Inc.

 

    280,602    

2.39%, 04/05/2025, 3 mo. USD LIBOR + 2.250%

    245,002  
EUR     234,110    

2.50%, 04/05/2025, 3 mo. EURIBOR + 2.500%

    248,799  
$     3,766,055    

Harbor Freight Tools USA, Inc.

4.00%, 10/19/2027, 1 mo. USD LIBOR + 3.250%

    3,705,271  
    742,386    

IRB Holding Corp. 3.75%, 02/05/2025, 1 mo. USD LIBOR + 2.750%

    704,442  
    3,360,000    

Les Schwab Tire Centers
0.00%, 10/28/2027(15)

    3,326,400  
    3,402,172    

Michaels Stores, Inc. 4.25%, 10/01/2027,
1 mo. USD LIBOR + 3.500%

    3,327,324  
    2,251,513    

PetSmart, Inc. 4.50%, 03/11/2022, 1 mo. USD LIBOR + 3.500%

    2,224,630  
 

SRS Distribution, Inc.

 

    1,239,870    

3.15%, 05/24/2025, 3 mo. USD LIBOR + 3.000%

    1,199,574  
    351,450    

4.40%, 05/24/2025, 1 mo. USD LIBOR + 4.250%

    347,057  
    887,392    

Staples, Inc. 5.25%, 04/12/2026, 3 mo. USD LIBOR + 5.000%

    812,186  
     

 

 

 
    22,934,596  
     

 

 

 
      Semiconductors - 0.0%  
    278,755    

Microchip Technology, Inc.

2.15%, 05/29/2025, 3 mo. USD LIBOR + 2.000%

    275,388  
     

 

 

 
Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 19.9%(14) - (continued)  
      Software - 1.7%  
$     412,925    

AI Convoy (Luxembourg) S.a.r.l.

4.50%, 01/20/2027, 1 mo. USD LIBOR + 3.500%

  $ 404,667  
EUR     365,000    

AI Convoy (Luxembourg) S.a.r.l.

3.75%, 01/20/2027, 3 mo. EURIBOR + 3.750%

    415,588  
$     306,233    

By Crown Parent LLC 4.00%, 01/30/2026,
1 mo. USD LIBOR + 3.000%

    299,725  
    1,497,441    

CCC Information Services, Inc.

4.00%, 04/27/2024, 1 mo. USD LIBOR + 3.000%

    1,479,667  
    1,840,750    

DCert Buyer, Inc. 4.15%, 10/16/2026, 3 mo. USD LIBOR + 4.000%

    1,800,769  
    3,109,025    

Dun & Bradstreet Corp. 3.91%, 02/08/2026,
1 mo. USD LIBOR + 4.000%

    3,057,850  
 

Epicor Software Corp.

 

    1,981,943    

5.25%, 07/31/2027, 1 mo. USD LIBOR + 4.250%

    1,972,529  
    400,000    

8.75%, 07/31/2028, 1 mo. USD LIBOR + 7.750%

    408,500  
    607,891    

Finastra USA, Inc. 4.50%, 06/13/2024, 3 mo. USD LIBOR + 3.500%

    572,767  
    1,743,233    

Go Daddy Operating Co. LLC

1.90%, 02/15/2024, 1 mo. USD LIBOR + 1.750%

    1,699,879  
 

Hyland Software, Inc.

 

    3,352,520    

4.25%, 07/01/2024, 1 mo. USD LIBOR + 3.500%

    3,299,852  
    176,000    

7.75%, 07/10/2025, 3 mo. USD LIBOR + 7.000%

    173,946  
    126,534    

MA FinanceCo. LLC 2.65%, 06/21/2024,
3 mo. USD LIBOR + 2.750%

    118,942  
    1,128,040    

McAfee LLC 3.90%, 09/29/2024, 3 mo. USD LIBOR + 3.750%

    1,115,496  
 

Navicure, Inc.

 

    825,850    

4.15%, 10/23/2026, 1 mo. USD LIBOR + 4.000%

    805,204  
    370,000    

4.75%, 10/23/2026, 1 mo. USD LIBOR + 4.000%

    364,450  
    382,200    

Quest Software U.S. Holdings, Inc.

4.46%, 05/18/2025, 3 mo. USD LIBOR + 4.250%

    367,631  
    854,518    

Seattle Spinco, Inc. 2.65%, 06/21/2024,
3 mo. USD LIBOR + 2.750%

    803,247  
    2,867,141    

SS&C Technologies, Inc. 1.90%, 04/16/2025, 1 mo. USD LIBOR + 1.750%

    2,783,368  
 

Ultimate Software Group, Inc.

 

    2,175,622    

3.90%, 05/03/2026, 3 mo. USD LIBOR + 3.750%

    2,135,134  
    1,310,000    

4.75%, 05/03/2026, 1 mo. USD LIBOR + 4.000%

    1,301,000  
    2,575,538    

Zelis Payments Buyer, Inc.

4.90%, 09/30/2026, 1 mo. USD LIBOR + 4.750%

    2,556,685  
     

 

 

 
    27,936,896  
     

 

 

 
          Telecommunications - 0.7%  
   

Altice France S.A.

 
    771,169    

2.90%, 07/31/2025, 3 mo. USD LIBOR + 2.750%

    735,271  
    1,957,653    

3.84%, 01/31/2026, 3 mo. USD LIBOR + 3.688%

    1,889,879  
    709,638    

CenturyLink, Inc. 2.40%, 03/15/2027, 1 mo. USD LIBOR + 2.250%

    681,898  
    780,000    

Consolidated Communications, Inc.
0.00%, 10/02/2027(15)

    772,200  
    630,000    

LCPR Loan Financing LLC

5.15%, 10/15/2026, 1 mo. USD LIBOR + 5.000%

    629,212  
 

 

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

 

 

  140  

 


The Hartford Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 19.9%(14) - (continued)  
          Telecommunications - 0.7% - (continued)  
$     472,259    

Level 3 Financing, Inc. 1.90%, 03/01/2027, 1 mo. USD LIBOR + 1.750%

  $ 455,022  
    1,009,231    

Maxar Technologies Ltd. 2.90%, 10/05/2024, 3 mo. USD LIBOR + 2.750%

    971,173  
    1,832,783    

MTN Infrastructure TopCo, Inc.

4.00%, 11/17/2024, 3 mo. USD LIBOR + 3.000%

    1,785,240  
    1,500,000    

Telenet Financing USD LLC

2.15%, 04/30/2028, 6 mo. USD LIBOR + 2.000%

    1,447,230  
    740,631    

Univision Communications, Inc.

3.75%, 03/15/2024, 3 mo. USD LIBOR + 2.750%

    715,286  
    289,100    

Zacapa S.a.r.l. 4.77%, 06/29/2025, 3 mo. USD LIBOR + 4.500%

    286,209  
   

Zayo Group Holdings, Inc.

 
    1,104,450    

3.15%, 03/09/2027, 1 mo. USD LIBOR + 3.000%

    1,062,569  
EUR     323,375    

3.25%, 03/09/2027, 3 mo. EURIBOR + 3.250%

    366,970  
     

 

 

 
        11,798,159  
     

 

 

 
          Textiles - 0.0%  
   

ASP Unifrax Holdings, Inc.

 
$     837,218    

3.97%, 12/14/2025, 3 mo. USD LIBOR + 3.750%

    734,868  
    125,000    

8.75%, 12/14/2026, 3 mo. USD LIBOR + 8.500%

    101,250  
     

 

 

 
        836,118  
     

 

 

 
          Transportation - 0.3%  
EUR     735,000    

Boluda Corp. Maritima S.L.

3.50%, 08/01/2026, 3 mo. EURIBOR + 3.500%

    825,903  
$     261,518    

CTOS LLC 4.40%, 04/18/2025, 1 mo. USD LIBOR + 4.250%

    259,230  
    542,186    

Dynasty Acquisition Co., Inc.

3.72%, 04/08/2026, 1 mo. USD LIBOR + 3.500%

    483,392  
    1,990,000    

Genesee & Wyoming, Inc.

2.22%, 12/30/2026, 1 mo. USD LIBOR + 2.000%

    1,945,583  
    568,177    

Savage Enterprises LLC 3.15%, 08/01/2025, 1 mo. USD LIBOR + 3.000%

    556,245  
    291,498    

Standard Aero Ltd. 3.72%, 04/08/2026, 1 mo. USD LIBOR + 3.500%

    259,888  
     

 

 

 
        4,330,241  
     

 

 

 
   

Total Senior Floating Rate Interests
(cost $341,579,034)

  $ 335,254,579  
     

 

 

 
U.S. GOVERNMENT AGENCIES - 7.6%  
          Mortgage-Backed Agencies - 7.6%  
          FHLMC - 0.8%  
    4,576    

0.00%, 11/15/2036(17)

  $ 4,399  
    12,252,078    

1.12%, 06/25/2030(3)(5)

    1,127,539  
    3,961,283    

1.13%, 01/25/2030(3)(5)

    347,550  
    2,244,015    

1.70%, 04/25/2030(3)(5)

    298,570  
    2,658,480    

1.87%, 11/25/2047(3)(5)

    349,583  
    4,759,080    

1.95%, 10/25/2047(3)(5)

    656,745  
    3,345,000    

2.01%, 09/25/2047(3)(5)

    333,787  
    1,150,193    

2.02%, 09/25/2046(3)(5)

    163,362  
    1,890,000    

2.10%, 08/25/2047(3)(5)

    276,949  
    3,870,000    

2.15%, 05/25/2047(3)(5)

    402,823  
    2,605,748    

2.25%, 05/25/2047(3)(5)

    410,940  
    33,716    

3.00%, 03/15/2033(5)

    3,267  
    1,955,000    

3.40%, 06/25/2048(3)(5)

    495,173  
Shares or Principal Amount   Market Value  
U.S. GOVERNMENT AGENCIES - 7.6% - (continued)  
          Mortgage-Backed Agencies - 7.6% - (continued)  
          FHLMC - 0.8% - (continued)  
$     4,492,580    

3.75%, 04/25/2024, 1 mo. USD LIBOR + 3.600%(2)

  $ 4,244,288  
    65,201    

4.00%, 07/15/2027(5)

    3,754  
    1,708,448    

4.40%, 11/25/2023, 1 mo. USD LIBOR + 4.250%(2)

    1,566,771  
    84,271    

4.50%, 03/15/2041

    99,661  
    4,025,344    

4.65%, 02/25/2024, 1 mo. USD LIBOR + 4.500%(2)

    3,483,127  
    87,334    

4.75%, 07/15/2039

    99,131  
    9,061    

5.50%, 08/15/2033

    10,518  
    29,435    

6.50%, 07/15/2036

    33,896  
     

 

 

 
        14,411,833  
     

 

 

 
          FNMA - 0.0%  
    39,482    

0.00%, 06/25/2036(17)

    36,977  
    5,000    

2.44%, 01/01/2023

    5,159  
    25,749    

2.50%, 06/25/2028(5)

    1,471  
    107,069    

2.61%, 04/25/2055(3)(5)

    6,084  
    156,493    

3.00%, 01/25/2028(5)

    9,575  
    28,580    

3.16%, 12/01/2026

    31,783  
    23,171    

3.24%, 12/01/2026

    25,861  
    9,047    

3.45%, 01/01/2024

    9,712  
    8,991    

3.47%, 01/01/2024

    9,653  
    53,934    

3.50%, 05/25/2030(5)

    4,625  
    22,427    

3.67%, 08/01/2023

    24,001  
    10,000    

3.76%, 03/01/2024

    10,870  
    14,614    

3.86%, 12/01/2025

    16,474  
    22,180    

3.87%, 10/01/2025

    24,854  
    32,512    

3.89%, 05/01/2030

    38,227  
    9,019    

3.96%, 05/01/2034

    10,840  
    25,679    

4.00%, 03/25/2042(5)

    2,565  
    16,834    

4.50%, 07/25/2027(5)

    1,055  
    7,845    

5.48%, 05/25/2042(3)(5)

    701  
    67,127    

5.50%, 04/25/2035

    78,681  
    20,804    

5.50%, 04/25/2037

    24,282  
    232,969    

5.50%, 06/25/2042(5)

    50,089  
     

 

 

 
        423,539  
     

 

 

 
          GNMA - 0.0%  
    23,449    

4.00%, 05/16/2042(5)

    3,051  
    56,614    

5.00%, 10/16/2041(5)

    9,832  
     

 

 

 
        12,883  
     

 

 

 
          UMBS - 6.8%  
    55,300,000    

2.00%, 11/15/2050(18)

    57,038,926  
    55,200,000    

2.00%, 12/14/2050(18)

    56,812,875  
     

 

 

 
        113,851,801  
     

 

 

 
   

Total U.S. Government Agencies
(cost $128,266,384)

  $ 128,700,056  
     

 

 

 
U.S. GOVERNMENT SECURITIES - 13.7%  
          U.S. Treasury Securities - 13.7%  
          U.S. Treasury Bonds - 1.6%  
    1,612,482    

1.00%, 02/15/2048(19)

  $ 2,171,413  
    4,040,000    

3.00%, 11/15/2044

    5,249,948  
    920,000    

3.13%, 02/15/2043

    1,212,963  
    6,740,000    

3.38%, 05/15/2044(20)(21)

    9,256,179  
    5,980,000    

3.63%, 02/15/2044(20)(22)

    8,507,251  
    610,000    

3.75%, 11/15/2043

    882,141  
     

 

 

 
        27,279,895  
     

 

 

 
          U.S. Treasury Notes - 12.1%  
    13,952,892    

0.13%, 07/15/2030(19)

    15,315,479  
    47,560,000    

0.25%, 06/15/2023(20)

    47,643,601  
    42,000,000    

0.25%, 07/31/2025(20)(21)

    41,783,437  
    5,680,699    

0.38%, 01/15/2027(19)(20)

    6,201,504  
 

 

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

 

 

  141  

 


The Hartford Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
U.S. GOVERNMENT SECURITIES - 13.7% - (continued)  
          U.S. Treasury Notes - 12.1% - (continued)  
$     35,605,000    

0.63%, 05/15/2030

  $ 34,909,590  
    5,480,810    

0.88%, 01/15/2029(19)(20)

    6,316,205  
    1,378,801    

1.00%, 02/15/2049(19)(21)

    1,876,373  
    6,544,000    

2.63%, 02/15/2029(20)(21)

    7,534,291  
    28,525,000    

2.88%, 05/31/2025(20)(22)

    31,800,918  
    9,025,000    

3.00%, 10/31/2025

    10,190,142  
     

 

 

 
        203,571,540  
     

 

 

 
   

Total U.S. Government Securities
(cost $227,779,065)

  $ 230,851,435  
     

 

 

 
CONVERTIBLE BONDS - 2.7%  
          Airlines - 0.1%  
    1,383,000    

Southwest Airlines Co. 1.25%, 05/01/2025

    1,860,135  
     

 

 

 
          Biotechnology - 0.2%      
    453,000    

Apellis Pharmaceuticals, Inc.
3.50%, 09/15/2026

    498,681  
    1,685,000    

Exact Sciences Corp. 0.38%, 03/15/2027

    2,211,563  
     

 

 

 
        2,710,244  
     

 

 

 
          Commercial Services - 0.2%  
EUR     1,800,000    

Nexi S.p.A. 1.75%, 04/24/2027(6)

    2,356,341  
$     741,000    

Square, Inc. 0.13%, 03/01/2025(1)

    1,087,203  
     

 

 

 
        3,443,544  
     

 

 

 
          Energy-Alternate Sources - 0.1%  
    1,201,000    

Maxeon Solar Technologies Ltd.
6.50%, 07/15/2025(1)

    1,330,108  
     

 

 

 
          Engineering & Construction - 0.1%  
EUR     100,000    

Cellnex Telecom S.A. 1.50%, 01/16/2026(6)

    212,954  
$     800,000    

Vinci S.A. 0.38%, 02/16/2022(6)

    844,688  
     

 

 

 
        1,057,642  
     

 

 

 
          Entertainment - 0.1%  
    1,241,000    

Cinemark Holdings, Inc.
4.50%, 08/15/2025(1)

    1,071,182  
    425,000    

Penn National Gaming, Inc.
2.75%, 05/15/2026

    1,044,225  
     

 

 

 
        2,115,407  
     

 

 

 
          Healthcare-Products - 0.3%  
    837,000    

Insulet Corp. 0.38%, 09/01/2026

    1,022,206  
    1,394,000    

Integra LifeSciences Holdings Corp.
0.50%, 08/15/2025(1)

    1,272,025  
    2,325,000    

NuVasive, Inc. 0.38%, 03/15/2025(1)

    1,993,687  
     

 

 

 
        4,287,918  
     

 

 

 
          Internet - 0.1%  
    1,759,000    

Proofpoint, Inc. 0.25%, 08/15/2024

    1,695,879  
    885,000    

Ctrip.com International Ltd.
1.99%, 07/01/2025

    892,859  
     

 

 

 
        2,588,738  
     

 

 

 
          Leisure Time - 0.1%  
    1,406,000    

Royal Caribbean Cruises Ltd.
4.25%, 06/15/2023(1)

    1,456,540  
     

 

 

 
          Machinery-Diversified - 0.2%  
    3,221,000    

Middleby Corp. 1.00%, 09/01/2025(1)

    3,305,551  
     

 

 

 
          Media - 0.0%  
    400,000    

Scripps Escrow, Inc. 5.88%, 07/15/2027(1)

    389,000  
     

 

 

 
          Oil & Gas - 0.1%  
    1,590,000    

Pioneer Natural Resources Co.
0.25%, 05/15/2025(1)

    1,693,959  
     

 

 

 
          Pharmaceuticals - 0.3%  
    1,225,000    

Aerie Pharmaceuticals, Inc.
1.50%, 10/01/2024

    1,017,877  
Shares or Principal Amount   Market Value  
CONVERTIBLE BONDS - 2.7% - (continued)  
          Pharmaceuticals - 0.3% - (continued)  
$     876,000    

Revance Therapeutics, Inc.
1.75%, 02/15/2027(1)

  $ 931,794  
    1,535,000    

Coherus Biosciences, Inc.
1.50%, 04/15/2026(1)

    1,711,411  
    1,608,000    

GSK Finance No 3 plc
0.00%, 06/22/2023(1)(11)

    1,692,642  
     

 

 

 
        5,353,724  
     

 

 

 
          Semiconductors - 0.1%  
EUR     1,400,000    

BE Semiconductor Industries N.V.
0.75%, 08/05/2027(6)

    1,668,827  
$     150,000    

Microchip Technology, Inc.
2.25%, 02/15/2037

    228,083  
     

 

 

 
        1,896,910  
     

 

 

 
          Software - 0.7%  
    1,719,000    

Cardlytics, Inc. 1.00%, 09/15/2025(1)

    1,929,578  
    1,726,000    

Medallia, Inc. 0.13%, 09/15/2025(1)

    1,773,772  
    1,192,000    

Omnicell, Inc. 0.25%, 09/15/2025(1)

    1,301,897  
    919,000    

Health Catalyst, Inc. 2.50%, 04/15/2025(1)

    1,222,392  
    1,215,000    

Splunk, Inc. 1.13%, 09/15/2025

    1,798,452  
    200,000    

Western Digital Corp. 1.50%, 02/01/2024

    190,886  
    1,345,000    

Workday, Inc. 0.25%, 10/01/2022

    2,022,030  
    1,495,000    

Guidewire Software, Inc. 1.25%, 03/15/2025

    1,642,922  
     

 

 

 
        11,881,929  
     

 

 

 
   

Total Convertible Bonds
(cost $43,607,300)

  $ 45,371,349  
     

 

 

 
COMMON STOCKS - 0.0%  
          Consumer Services - 0.0%  
    350    

Caesars Entertainment, Inc.*

    15,687  
     

 

 

 
          Energy - 0.0%  
    32,328    

Ascent Resources - Marcellus LLC Class A*(23)(24)

    18,589  
    548    

California Resources Corp.*

    7,343  
    7,026    

Foresight Energy LLC*(23)(24)

    55,747  
    83,644,001    

KCA Deutag*(23)(24)(25)

    193,050  
    3,682    

Philadelphia Energy Solutions Class A*(23)(24)

    37  
     

 

 

 
        274,766  
     

 

 

 
   

Total Common Stocks
(cost $1,353,683)

  $ 290,453  
     

 

 

 
PREFERRED STOCKS - 0.1%  
          Health Care Equipment & Services - 0.1%  
    19,360    

Change Healthcare, Inc. , 6.00%

  $ 1,008,075  
     

 

 

 
   

Total Preferred Stocks
(cost $1,007,821)

  $ 1,008,075  
     

 

 

 
CONVERTIBLE PREFERRED STOCKS - 0.5%  
      Capital Goods - 0.1%  
    1,000    

Fortive Corp. Series A, 5.00%

  $ 924,330  
     

 

 

 
      Diversified Financials - 0.0%  
    13,801    

KKR & Co., Inc. Series C, 6.00%

    718,204  
     

 

 

 
      Health Care Equipment & Services - 0.1%  
    32,806    

Becton Dickinson and Co. Series B, 6.00%

    1,708,537  
     

 

 

 
      Utilities - 0.3%  
    29,384    

American Electric Power Co., Inc. , 6.13%(9)

    1,573,219  
    41,927    

DTE Energy Co. , 6.25%

    1,994,887  
    32,500    

Southern Co. Series 2019, 6.75%

    1,571,050  
     

 

 

 
    5,139,156  
     

 

 

 
 

Total Convertible Preferred Stocks
(cost $8,319,833)

  $ 8,490,227  
     

 

 

 
 

 

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

 

 

  142  

 


The Hartford Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
WARRANTS - 0.0%  
          Energy - 0.0%      
$     8,370    

Ascent Resources - Marcellus LLC Expires 03/30/2023*(23)(24)

  $ 84  
    1,261    

California Resources Corp.*(23)

     
     

 

 

 
    84  
     

 

 

 
 

Total Warrants
(cost $670)

  $ 84  
     

 

 

 
 

Total Long-Term Investments
(cost $1,729,070,878)

  $ 1,729,999,009  
     

 

 

 
SHORT-TERM INVESTMENTS - 4.4%  
      Commercial Paper - 0.1%  
    400,000    

Boeing Co. 2.05%, 11/12/2020(13)

    399,749  
CAD     500,000    

Honda Canada Finance, Inc.
0.67%, 04/01/2021(13)

    374,743  
$     250,000    

Nissan Motor Acceptance Corp.
1.37%, 01/29/2021(13)

    248,837  
CAD     1,500,000    

Province of Alberta 0.28%, 04/01/2021(13)

    1,124,769  
     

 

 

 
    2,148,098  
     

 

 

 
      Foreign Government Obligations - 0.7%  
 

Municipal Finance Authority of British Columbia Bills

 

    800,000    

0.21%, 01/13/2021(13)

    600,123  
    3,500,000    

0.22%, 11/04/2020(13)

    2,626,987  
    7,200,000    

Newfoundland T-Bill
0.21%, 12/03/2020 - 12/10/2020(13)

    5,403,086  
    3,375,000    

Province of New Brunswick Canada T-Bill
0.20%, 12/03/2020(13)

    2,532,772  
     

 

 

 
    11,162,968  
     

 

 

 
      Repurchase Agreements - 3.2%  
    53,558,647    

Fixed Income Clearing Corp. Repurchase Agreement dated 10/30/2020 at 0.06%, due on 11/02/2020 with a maturity value of $53,558,915; collateralized by U.S. Treasury Note 3.125%, maturing 11/15/2028, with a market value of $27,656,437, U.S. Treasury Note 0.750 %, maturing 07/15/2028, with a market value $26,973,465

    53,558,647  
     

 

 

 
      Securities Lending Collateral - 0.4%  
    7,437,911    

Fidelity Investments Money Market Funds,
Government Portfolio, Institutional Class, 0.02%(26)

    7,437,911  
CAD     7,507    

Goldman Sachs Financial Square Funds,
Government Fund, Institutional Class, 0.03%(26)

    7,507  
     

 

 

 
    7,445,418  
     

 

 

 
   

Total Short-Term Investments
(cost $74,398,154)

  $ 74,315,131  
     

 

 

 
        
 

                        

 
 

Total Investments Excluding Purchased Options
(cost $1,803,469,032)

    107.2   $ 1,804,314,140  
   

Total Purchased Options
(cost $152,429)

    0.0   $ 99  
     

 

 

   

 

 

 
   

Total Investments
(cost $1,803,621,461)

    107.2   $ 1,804,314,239  
   

Other Assets and Liabilities

    (7.2 )%      (121,230,124
     

 

 

   

 

 

 
   

Total Net Assets

    100.0   $ 1,683,084,115  
     

 

 

   

 

 

 

 

Note:

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

    

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

 

    

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

 

    

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

    

See “Glossary” for abbreviation descriptions.

 

*

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

 

(1) 

Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions that are exempt from registration (typically only to qualified institutional buyers) or in a public offering registered under the Securities Act of 1933. At October 31, 2020, the aggregate value of these securities was $388,382,113, representing 23.1% of net assets.

 

(2) 

Variable rate securities; the rate reported is the coupon rate in effect at October 31, 2020. Base lending rates may be subject to a floor or cap.

 

(3)

Variable or floating rate security, which interest rate adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. Rate shown is the rate in effect as of period end.

 

(4)

Security is a “step-up” bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate.

 

(5) 

Securities disclosed are interest-only strips.

 

(6)

Security is exempt from registration under Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. At October 31, 2020, the aggregate value of these securities was $233,700,179, representing 13.9% of net assets.

 

(7) 

Fixed to variable rate investment. The rate shown reflects the fixed rate in effect at October 31, 2020. Rate will reset at a future date. Base lending rates may be subject to a floor or cap.

 

(8)

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

 

(9)

Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information.

 

(10)

Security has the ability to pay in kind (“PIK”) or pay income in cash. When applicable, separate rates of such payments are disclosed.

 

(11)

Security is a zero-coupon bond.

 

(12) 

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

 

(13)

The rate shown represents current yield to maturity.

 

(14) 

Senior floating rate interests generally pay interest rates which are periodically adjusted by reference to a base short-term, floating lending rate plus a premium. The base lending rates are primarily the LIBOR, and secondarily the prime rate offered by one or more major United States banks (the “Prime Rate”) and the certificate of deposit rate or other base lending rates used by commercial lenders. Senior floating rate interests often require prepayments from excess cash flows or permit the borrower to repay at its election. The rate at which the borrower repays cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. Base lending rates may be subject to a floor or cap. Unless otherwise noted, the interest rate disclosed for these securities represents the rate in effect as of October 31, 2020.

 

 

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

 

 

  143  

 


The Hartford Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

(15)

Represents an unsettled loan commitment. The coupon rate will be determined at time of settlement.

 

(16) 

This security, or a portion of this security, has unfunded loan commitments. As of October 31, 2020, the aggregate value of the unfunded commitment was $873,213, which rounds to 0.0% of total net assets.

 

(17) 

Securities disclosed are principal-only strips.

 

(18) 

Represents or includes a TBA transaction.

 

(19) 

The principal amount for these securities are adjusted for inflation and the interest payments equal a fixed percentage of the inflation-adjusted principal amount.

 

(20) 

All, or a portion of the security, was pledged as collateral in connection with OTC swap contracts. As of October 31, 2020, the market value of securities pledged was $19,091,544.

 

(21) 

All, or a portion of the security, was pledged as collateral in connection with centrally cleared swap contracts. As of October 31, 2020, the market value of securities pledged was $17,290,902.

 

(22) 

All, or a portion of the security, was pledged as collateral in connection with futures contracts. As of October 31, 2020, the market value of securities pledged was $7,050,035.

 

(23) 

Investment valued using significant unobservable inputs.

 

(24) 

These securities are valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At October 31, 2020, the aggregate fair value of these securities was $265,287, which represented 0.0% of total net assets. This amount excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors.

 

(25) 

Investment in securities not registered under the Securities Act of 1933 (excluding securities acquired pursuant to Rule 144A and Regulation S). At the end of the period, the value of such restricted securities amounted to $193,050 or 0.0% of net assets.

 

 

    Period
Acquired
  

Security Name

   Shares      Total Cost      Market Value  
  03/2011    KCA Deutag      83,644,001      $     1,133,544      $     193,050  

 

 

Share amount represents shares of the issuer previously held that resulted in receipt of the escrow.

 

(26) 

Current yield as of period end.

 

 

OTC Swaption Contracts Outstanding at October 31, 2020  

Description

  

Counter-
party

  

Exercise Price/
FX Rate/ Rate

   Pay/
Receive
Floating
Rate
     Expiration
Date
    

Notional
Amount

    Number of
Contracts
     Market
Value
    Premiums
Paid
(Received)
by Fund
    Unrealized
Appreciation/
(Depreciation)
 
Purchased swaption contracts:  
Puts  

3 Month  USD-LIBOR-BBA-
Interest Rate Swap Expiring 11/23/2020

   BOA    1.70%      Receive        11/23/2020      USD     6,085,000       6,085,000      $ 99     $ 152,429     $     (152,330
                     

 

 

   

 

 

   

 

 

 

Total purchased OTC swaption contracts

 

             $     99     $     152,429     $ (152,330
                     

 

 

   

 

 

   

 

 

 
OTC Swaption Contracts Outstanding at October 31, 2020  

Description

  

Counter-
party

  

Exercise Price/
FX Rate/ Rate

   Pay/
Receive
Floating
Rate
     Expiration
Date
    

Notional
Amount

    Number of
Contracts
     Market
Value
    Premiums
Paid
(Received)
by Fund
    Unrealized
Appreciation/
(Depreciation)
 
Written swaption contracts:                                                  
Calls                                                            

CDX.NA.HY.35.V1

   GSC    104.00%         11/18/2020      USD     (120,360,000     120,360,000      $ (1,275,816   $ (1,275,816   $  

ITRAXX.XOVER.34.V1

   BOA    325.00%         11/18/2020      EUR     (97,145,000     97,145,000        (310,421     (1,141,891     831,470  
                     

 

 

   

 

 

   

 

 

 

Total Calls

                      $ (1,586,237   $ (2,417,707   $ 831,470  
                     

 

 

   

 

 

   

 

 

 
Written swaption contracts:                                                  
Puts                                                            

CDX.NA.HY.35.V1

   GSC    104.00%         11/18/2020      USD     (120,360,000     120,360,000      $ (1,877,616   $ (1,877,616   $  

ITRAXX.XOVER.34.V1

   BOA    325.00%         11/18/2020      EUR     (97,145,000     97,145,000        (2,848,762     (1,618,630     (1,230,132
                     

 

 

   

 

 

   

 

 

 

Total Puts

                      $ (4,726,378   $ (3,496,246   $     (1,230,132
                     

 

 

   

 

 

   

 

 

 

Total written OTC swaption contracts

                $ (6,312,615   $ (5,913,953   $ (398,662
                     

 

 

   

 

 

   

 

 

 

 

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

 

 

  144  

 


The Hartford Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Futures Contracts Outstanding at October 31, 2020  

Description

   Number of
Contracts
     Expiration
Date
     Current
Notional
Amount
     Value and
Unrealized
Appreciation/
(Depreciation)
 
Long position contracts:                            

Australian 10-Year Bond Future

     25        12/15/2020      $ 2,627,338      $ 35,495  

Euro-Schatz Future

     5        12/08/2020        654,912        1,101  

U.S. Treasury 2-Year Note Future

     631        12/31/2020        139,352,406        (16,358

U.S. Treasury 5-Year Note Future

     1,611        12/31/2020        202,344,118        (393,026

U.S. Treasury 10 Year Ultra Future

     154        12/21/2020        24,221,312        (351,854

U.S. Treasury 10-Year Note Future

     1,046        12/21/2020        144,576,812        (781,509

U.S. Treasury Long Bond Future

     200        12/21/2020        34,493,750        (709,042

U.S. Treasury Ultra Bond Future

     48        12/21/2020        10,320,000        (198,932
           

 

 

 

Total

            $ (2,414,125
           

 

 

 
Short position contracts:                            

Euro BUXL 30-Year Bond Future

     1        12/08/2020      $ 266,425      $ (10,809

Euro-BOBL Future

     65        12/08/2020        10,285,665        (48,971

Euro-BUND Future

     243        12/08/2020            49,852,206        (330,640

Euro-OAT Future

     54        12/08/2020        10,698,406            (136,468

Long Gilt Future

     1        12/29/2020        175,774        24  
           

 

 

 

Total

            $ (526,864
           

 

 

 

Total futures contracts

            $   (2,940,989
           

 

 

 

 

OTC Credit Default Swap Contracts Outstanding at October 31, 2020  

Reference Entity

   Counter-
party
     Notional
Amount(a)
     (Pay)/Receive
Fixed Rate
     Expiration
Date
     Periodic
Payment
Frequency
     Upfront
Premiums
Paid
     Upfront
Premiums
Received
    Market
Value
    Unrealized
Appreciation/
(Depreciation)
 
Credit default swaps on indices:  
Buy protection:                                                                   

ABX.HE.AAA.07

     GSC        USD       329,597        (0.09%)        08/25/2037        Monthly      $ 69,852      $     $ 16,474     $ (53,378

ABX.HE.AAA.07

     CSI        USD       941,283        (0.09%)        08/25/2037        Monthly            229,372              46,977       (182,395

ABX.HE.PENAAA.06

     JPM        USD       183,610        (0.11%)        05/25/2046        Monthly        20,131              16,504       (3,627

ABX.HE.PENAAA.06

     CSFB        USD       288,480        (0.11%)        05/25/2046        Monthly        31,701              25,931       (5,770

CMBX.NA.AAA.12

     GSC        USD       6,940,000        (0.50%)        08/17/2061        Monthly               (24,826     2,498       27,324  

CMBX.NA.AAA.12

     GSC        USD       6,485,000        (0.50%)        08/17/2061        Monthly        13,700              2,424       (11,276

CMBX.NA.AAA.12

     JPM        USD       7,435,000        (0.50%)        08/17/2061        Monthly        131,956              2,778       (129,178

CMBX.NA.AAA.12

     GSC        USD       2,230,000        (0.50%)        08/17/2061        Monthly        5,304              802       (4,502

PrimeX.ARM.2(23)(24)

     MSC        USD       80,116        (4.58%)        12/25/2037        Monthly               (170     (80     90  
                   

 

 

    

 

 

   

 

 

   

 

 

 

Total

                    $ 502,016      $     (24,996   $ 114,308     $     (362,712
                   

 

 

    

 

 

   

 

 

   

 

 

 
Sell protection:                                                       

ABX.HE.AAA.07

     MSC        USD       329,597        0.09%        08/25/2037        Monthly      $ 2,744      $     $     (16,474   $ (19,218

ABX.HE.AAA.07

     MSC        USD       941,282        0.09%        08/25/2037        Monthly        7,888              (47,047     (54,935

ABX.HE.PENAAA.06

     BCLY        USD       472,091        0.11%        05/25/2046        Monthly               (11,255     (42,479     (31,224

CMBX.NA.BB.8

     CSFB        USD       34,000        5.00%        10/17/2057        Monthly               (8,684     (17,049     (8,365

CMBX.NA.BB.8

     DEUT        USD       365,000        5.00%        10/17/2057        Monthly               (83,842     (183,021     (99,179

CMBX.NA.BB.8

     GSC        USD       462,000        5.00%        10/17/2057        Monthly               (105,654     (231,659     (126,005

CMBX.NA.BB.8

     GSC        USD       580,000        5.00%        10/17/2057        Monthly               (161,060     (290,828     (129,768

CMBX.NA.BB.8

     MSC        USD       1,006,000        5.00%        10/17/2057        Monthly               (256,956     (504,507     (247,551

CMBX.NA.BB.8

     CSFB        USD       1,325,000        5.00%        10/17/2057        Monthly               (338,414     (664,405     (325,991

CMBX.NA.BB.8

     CSI        USD       1,470,000        5.00%        10/17/2057        Monthly               (375,448     (737,135     (361,687

CMBX.NA.BBB-.6

     GSC        USD       10,000,000        3.00%        05/11/2063        Monthly               (3,170,463     (3,236,283     (65,820

CMBX.NA.BBB-.6

     DEUT        USD       888,000        3.00%        05/11/2063        Monthly               (118,280     (287,309     (169,029

CMBX.NA.BBB-.6

     MSC        USD       1,875,000        3.00%        05/11/2063        Monthly               (288,906     (606,647     (317,741

CMBX.NA.BBB-.6

     DEUT        USD       1,924,000        3.00%        05/11/2063        Monthly               (290,261     (622,500     (332,239

CMBX.NA.BBB-.6

     CSFB        USD       2,370,000        3.00%        05/11/2063        Monthly               (312,538     (766,802     (454,264

CMBX.NA.BBB-.6

     DEUT        USD       3,475,000        3.00%        05/11/2063        Monthly               (525,398     (1,124,319     (598,921

CMBX.NA.BBB-.6

     GSC        USD       10,000,000        3.00%        05/11/2063        Monthly               (3,355,986     (3,235,449     120,537  

CMBX.NA.BBB-.6

     GSC        USD       7,270,000        3.00%        05/11/2063        Monthly               (2,328,828     (2,352,778     (23,950

CMBX.NA.BBB-.6

     CSFB        USD       850,000        3.00%        05/11/2063        Monthly               (116,372     (275,013     (158,641

CMBX.NA.BBB-.6

     DEUT        USD       1,205,000        3.00%        05/11/2063        Monthly               (170,485     (389,872     (219,387

CMBX.NA.BBB-.6

     MSC        USD       1,445,000        3.00%        05/11/2063        Monthly               (202,299     (467,522     (265,223

 

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

 

 

  145  

 


The Hartford Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

OTC Credit Default Swap Contracts Outstanding at October 31, 2020 – (continued)  

Reference Entity

   Counter-
party
   Notional
Amount(a)
     (Pay)/Receive
Fixed Rate
   Expiration
Date
     Periodic
Payment
Frequency
     Upfront
Premiums
Paid
     Upfront
Premiums
Received
    Market
Value
    Unrealized
Appreciation/
(Depreciation)
 
Credit default swaps on indices – (continued):  
Sell protection – (continued):                                                     

PrimeX.ARM.2(23)(24)

   JPM      USD       80,116      4.58%      12/25/2037        Monthly      $ 2,692      $     $ 382     $ (2,310
                   

 

 

    

 

 

   

 

 

   

 

 

 

Total

         $ 13,324      $ (12,221,129   $ (16,098,716   $     (3,890,911
                   

 

 

    

 

 

   

 

 

   

 

 

 

Total OTC credit default swap contracts

 

      $     515,340      $     (12,246,125   $     (15,984,408   $ (4,253,623
                   

 

 

    

 

 

   

 

 

   

 

 

 

 

(a) 

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

 

Centrally Cleared Credit Default Swap Contracts Outstanding at October 31, 2020  

Reference Entity

   Notional
Amount(a)
    (Pay)/Receive
Fixed Rate
    Expiration
Date
   Periodic
Payment
Frequency
     Upfront
Premiums
Paid
(Received)
    Value     Unrealized
Appreciation/
(Depreciation)
 
Credit default swaps on indices:  
Buy protection:  

CDX.EM.34.V1

        3,270,000       (1.00 %)    12/20/2025      Quarterly      $ 207,010     $ 179,911     $     (27,099

CDX.NA.IG.35.V1

   USD      65,455,000       (1.00 %)    12/20/2025      Quarterly        (1,491,537     (1,199,234     292,303  
               

 

 

   

 

 

   

 

 

 

Total

 

   $ (1,284,527   $ (1,019,323   $ 265,204  
               

 

 

   

 

 

   

 

 

 
Credit default swaps on indices:  
Sell protection:  

CDX.EM.34.V1

   USD      21,725,000       1.00   12/20/2025      Quarterly      $     (1,370,495   $     (1,195,268   $ 175,227  

CDX.NA.HY.35.V1

   USD      158,220,000       5.00   12/20/2025      Quarterly        6,229,715       6,325,940       96,225  
               

 

 

   

 

 

   

 

 

 

Total

 

   $ 4,859,220     $ 5,130,672     $ 271,452  
               

 

 

   

 

 

   

 

 

 
Credit default swaps on single-name issues:  
Buy protection:  

United Mexican States

   USD      1,825,000       (1.00 %)    12/20/2025      Quarterly      $ 28,933     $ 22,795     $ (6,138
               

 

 

   

 

 

   

 

 

 

Total centrally cleared credit default swap contracts

 

   $     3,603,626     $     4,134,144     $     530,518  
               

 

 

   

 

 

   

 

 

 

 

(a) 

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

 

Centrally Cleared Interest Rate Swap Contracts Outstanding at October 31, 2020  

Payments made
by Fund

  

Payments received
by Fund

  

Notional
Amount

     Expiration
Date
    

Periodic
Payment
Frequency

   Upfront
Premiums
Paid
     Upfront
Premiums
Received
    Value     Unrealized
Appreciation/
(Depreciation)
 

0.43% Fixed

  

3 Mo. USD LIBOR

   USD     10,160,000        04/07/2023      Semi-Annual    $      $     $ (47,417   $ (47,417

0.48% Fixed

  

3 Mo. USD LIBOR

   USD     21,980,000        04/07/2025      Semi-Annual                   (96,033     (96,033

0.83% Fixed

  

3 Mo. USD LIBOR

   USD     4,380,000        03/20/2030      Semi-Annual                   (2,268     (2,268

0.75% Fixed

  

3 Mo. USD LIBOR

   USD     8,615,000        12/16/2030      Semi-Annual             (21,741     123,574       145,315  

0.81% Fixed

  

3 Mo. USD LIBOR

   USD     4,020,000        09/16/2050      Semi-Annual      12,492              508,745       496,253  
                

 

 

    

 

 

   

 

 

   

 

 

 

Total centrally cleared interest rate swap contracts

 

         $     12,492      $     (21,741   $     486,601     $     495,850  
                

 

 

    

 

 

   

 

 

   

 

 

 

 

Foreign Currency Contracts Outstanding at October 31, 2020  
Amount and Description of
Currency to be Purchased
   Amount and Description of
Currency to be Sold
   Counterparty   Settlement
Date
    Appreciation     Depreciation  
  280,000      AUD      200,084      USD    BNP     12/16/2020     $     $   (3,222
  255,000      AUD      182,646      USD    UBS     12/16/2020             (3,361
  335,000      BRL      58,434      USD    DEUT     12/02/2020             (140
  295,000      BRL      52,463      USD    BNP     12/02/2020             (1,130
  1,705,000      BRL      303,559      USD    UBS     12/02/2020             (6,870
  250,000      CAD      187,621      USD    CIBC     12/16/2020       71        
  245,000      CAD      184,854      USD    GSC     12/16/2020             (916
  40,300,000      CLP      51,029      USD    BNP     12/16/2020       1,081        
  38,000,000      CLP      49,089      USD    DEUT     12/16/2020       47        

 

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

 

 

  146  

 


The Hartford Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Foreign Currency Contracts Outstanding at October 31, 2020 – (continued)  
Amount and Description of
Currency to be Purchased
   Amount and Description of
Currency to be Sold
   Counterparty   Settlement
Date
    Appreciation     Depreciation  
  247,800,000      CLP      320,694      USD    HSBC     12/16/2020     $     $ (277
  202,200,000      COP      52,144      USD    BNP     12/16/2020             (12
  199,000,000      COP      51,688      USD    DEUT     12/16/2020             (381
  1,209,800,000      COP      324,248      USD    HSBC     12/16/2020             (12,330
  1,400,000      CZK      60,020      USD    BCLY     12/16/2020             (131
  1,420,000      CZK      61,441      USD    GSC     12/16/2020             (697
  6,950,000      CZK      309,584      USD    JPM     12/16/2020             (12,278
  60,050,000      EGP      3,803,040      USD    GSC     11/30/2020             (20,101
  143,000      EUR      166,664      USD    BNP     11/30/2020             (9
  124,000      EUR      144,832      USD    DEUT     11/30/2020             (320
  1,103,000      EUR      1,283,719      USD    CBK     12/16/2020           2,363        
  62,000      EUR      72,851      USD    SSG     12/16/2020       17       (576
  140,000      EUR      164,110      USD    GSC     12/16/2020             (872
  133,000      EUR      157,109      USD    JPM     12/16/2020             (2,033
  2,608,000      EUR      3,077,968      USD    BCLY     12/16/2020                 (37,079
  247,000      GBP      318,855      USD    SSG     12/16/2020       1,252        
  79,000      GBP      101,868      USD    BNP     12/16/2020       514        
  4,570,000      HKD      589,423      USD    ANZ     12/16/2020       40        
  4,572,000      HKD      589,734      USD    CIBC     12/16/2020             (13
  2,315,000      HKD      298,634      USD    HSBC     12/16/2020             (33
  18,700,000      HUF      59,590      USD    BCLY     12/16/2020             (252
  18,300,000      HUF      59,679      USD    GSC     12/16/2020             (1,610
  93,700,000      HUF      306,831      USD    JPM     12/16/2020             (9,508
  2,303,000,000      IDR      154,450      USD    JPM     12/16/2020       2,329        
  833,000,000      IDR      55,517      USD    MSC     12/16/2020       1,190        
  806,000,000      IDR      54,449      USD    UBS     12/16/2020       420        
  4,370,000      INR      58,622      USD    UBS     12/16/2020       98        
  3,480,000      INR      47,139      USD    MSC     12/16/2020             (378
  23,340,000      INR      314,356      USD    BNP     12/16/2020             (736
  373,720,000      KRW      314,969      USD    BCLY     12/16/2020           14,389        
  54,240,000      KRW      46,608      USD    MSC     12/16/2020       1,193        
  49,280,000      KRW      43,390      USD    UBS     12/16/2020       40        
  1,340,000      MXN      60,947      USD    GSC     12/16/2020       1,898        
  850,000      MXN      39,971      USD    SSG     12/16/2020             (107
  295,000      NZD      195,291      USD    SSG     12/16/2020             (230
  275,000      NZD      182,882      USD    JPM     12/16/2020             (1,045
  32,410,000      RUB      420,254      USD    JPM     12/16/2020                 (14,371
  430,000      SGD      314,500      USD    JPM     12/16/2020       306        
  75,000      SGD      54,948      USD    SSG     12/16/2020             (40
  70,000      SGD      51,347      USD    SCB     12/16/2020             (99
  9,890,000      THB      313,645      USD    SCB     12/16/2020       3,600        
  1,660,000      THB      52,459      USD    GSC     12/16/2020       789        
  1,680,000      THB      53,606      USD    BNP     12/16/2020       284        
  4,545,118      USD      6,385,000      AUD    SSG     12/16/2020       55,955        
  320,668      USD      440,000      AUD    BNP     12/16/2020       11,313        
  606,836      USD      860,000      AUD    JPM     12/16/2020       2,188        
  1,611,375      USD      2,125,000      CAD    SCB     11/02/2020       16,375        
  2,625,198      USD      3,500,000      CAD    JPM     11/04/2020             (1,883
  596,209      USD      800,000      CAD    GSC     11/09/2020             (4,278
  1,142,296      USD      1,500,000      CAD    CIBC     11/12/2020       16,373        
  2,472,570      USD      3,255,000      CAD    BCLY     11/13/2020       29,310        
  815,900      USD      1,080,000      CAD    HSBC     11/25/2020       5,204        
  190,176      USD      250,000      CAD    MSC     11/27/2020       2,514        
  1,306,444      USD      1,720,000      CAD    JPM     12/01/2020       15,305        
  1,331,389      USD      1,755,000      CAD    DEUT     12/01/2020       13,977        
  2,563,838      USD      3,375,000      CAD    BCLY     12/03/2020       30,305        
  2,730,360      USD      3,600,000      CAD    CBK     12/03/2020       27,925        
  2,757,276      USD      3,635,000      CAD    DEUT     12/04/2020       28,542        
  2,746,392      USD      3,620,000      CAD    SSG     12/08/2020       28,814        
  2,730,296      USD      3,600,000      CAD    BCLY     12/10/2020       27,681        
  1,375,250      USD      1,810,000      CAD    SSG     12/15/2020       16,371        
  4,565,605      USD      6,025,000      CAD    CIBC     12/16/2020       42,221        
  317,713      USD      415,000      CAD    BNP     12/16/2020       6,144        
  605,449      USD      810,000      CAD    SSG     12/16/2020             (2,674
  455,505      USD      600,000      CAD    BCLY     12/22/2020       5,018        
  190,161      USD      250,000      CAD    DEUT     01/07/2021       2,442        

 

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

 

 

  147  

 


The Hartford Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Foreign Currency Contracts Outstanding at October 31, 2020 – (continued)  
Amount and Description of
Currency to be Purchased
   Amount and Description of
Currency to be Sold
   Counterparty   Settlement
Date
    Appreciation     Depreciation  
  609,548      USD      800,000      CAD    BMO     01/13/2021     $ 8,843     $  
  1,320,854      USD      1,735,000      CAD    BMO     01/25/2021       18,055        
  571,355      USD      750,000      CAD    SCB     01/25/2021       8,186        
  1,899,371      USD      2,500,000      CAD    SCB     02/18/2021       22,080        
  3,782,190      USD      4,980,000      CAD    CIBC     03/03/2021       42,557        
  2,748,026      USD      3,620,000      CAD    WEST     03/10/2021       29,631        
  1,355,068      USD      1,800,000      CAD    UBS     03/15/2021       3,370        
  3,964,382      USD      5,225,000      CAD    CIBC     03/29/2021       40,626        
  304,512      USD      400,000      CAD    UBS     03/29/2021       4,129        
  1,127,709      USD      1,500,000      CAD    DEUT     04/01/2021       1,267        
  375,339      USD      500,000      CAD    UBS     04/01/2021             (142
  702,460      USD      925,000      CAD    WEST     04/15/2021       7,807        
  187,811      USD      250,000      CAD    UBS     04/19/2021       66        
  2,248,003      USD      3,000,000      CAD    JPM     06/01/2021             (5,019
  38,072      USD      50,000      CAD    RBC     06/15/2021       521        
  380,730      USD      500,000      CAD    GSC     06/30/2021       5,220        
  375,619      USD      500,000      CAD    HSBC     08/06/2021       103        
  73,460,284      USD      61,999,700      EUR    CBK     11/30/2020       1,204,618       (29
  22,203,470      USD      18,771,051      EUR    UBS     11/30/2020       327,311        
  693,326      USD      586,000      EUR    BCLY     11/30/2020       10,390        
  230,408      USD      196,000      EUR    SSG     11/30/2020       1,986        
  36,000      USD      30,888      EUR    BNP     11/30/2020       2        
  26,748,676      USD      22,598,051      EUR    HSBC     12/16/2020       399,696       (12
  12,717,987      USD      10,730,000      EUR    SSG     12/16/2020       206,967        
  4,986,656      USD      4,196,000      EUR    BOA     12/16/2020       94,183        
  5,087,295      USD      4,300,000      EUR    CBK     12/16/2020       73,559        
  1,462,450      USD      1,235,000      EUR    BNP     12/16/2020       22,458        
  416,879      USD      351,000      EUR    SCB     12/16/2020       7,618        
  222,950      USD      188,000      EUR    UBS     12/16/2020       3,745        
  310,369      USD      263,000      EUR    MSC     12/16/2020       3,715        
  154,631      USD      131,000      EUR    JPM     12/16/2020       1,887        
  7,134,517      USD      6,005,000      EUR    CIBC     01/15/2021           127,523        
  6,462,182      USD      5,435,000      EUR    BMO     01/29/2021       118,370        
  1,181,584      USD      907,000      GBP    BCLY     11/30/2020       6,348        
  9,173,769      USD      7,036,000      GBP    BCLY     12/16/2020       55,257        
  603,203      USD      459,000      GBP    JPM     12/16/2020       8,348        
  301,707      USD      2,340,000      HKD    HSBC     12/16/2020             (119
  1,179,604      USD      9,147,000      HKD    JPM     12/16/2020             (225
  3,421,120      USD      362,950,000      JPY    BOA     11/02/2020             (45,707
  2,699,227      USD      285,700,000      JPY    BOA     11/30/2020             (30,591
  3,432,172      USD      362,150,000      JPY    SSG     12/14/2020             (29,132
  6,699,681      USD      710,400,000      JPY    BCLY     12/14/2020             (90,075
  9,195,755      USD      964,300,000      JPY    JPM     12/16/2020             (21,077
  1,459,961      USD      152,850,000      JPY    BCLY     12/21/2020             (1,141
  2,408,573      USD      253,500,000      JPY    SSG     01/06/2021             (15,290
  2,370,252      USD      250,000,000      JPY    BCLY     01/12/2021             (20,325
  2,013,403      USD      212,800,000      JPY    JPM     01/19/2021             (21,635
  4,275,989      USD      447,150,000      JPY    JPM     02/01/2021             (825
  3,481,983      USD      363,050,000      JPY    BOA     02/08/2021       9,212        
  13,687,995      USD      1,448,750,000      JPY    SSG     02/10/2021             (170,479
  13,690,935      USD      1,448,750,000      JPY    SSG     02/25/2021             (170,457
  1,831      USD      40,000      MXN    CBK     12/16/2020             (45
  322,330      USD      480,000      NZD    BNP     12/16/2020       4,942        
  598,893      USD      915,000      NZD    JPM     12/16/2020             (6,128
  886,018      USD      67,974,000      RUB    HSBC     12/16/2020       34,753        
               

 

 

   

 

 

 
 

Total Foreign Currency Contracts

    $     3,331,247     $     (768,445
 

 

 

   

 

 

 

 

Foreign Cross Currency Contracts Outstanding at October 31, 2020  
Contract
Amount
    

Counterparty

   Delivery Date      Contract Amount     Unrealized
Appreciation
 
  EUR    2,827,256      UBS      11/30/2020        GBP    2,848,036     $     (20,779
          

 

 

 

 

 

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

 

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

 

 

  148  

 


The Hartford Strategic Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Fair Value Summary

The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.

 

Description

   Total     Level 1     Level 2     Level 3(1)  

Assets

 

Asset & Commercial Mortgage-Backed Securities

   $     107,426,749     $     $     107,426,749     $  

Corporate Bonds

     543,360,984             543,360,984        

Foreign Government Obligations

     314,580,312             314,580,312        

Municipal Bonds

     14,664,706             14,664,706        

Senior Floating Rate Interests

     335,254,579             335,254,579        

U.S. Government Agencies

     128,700,056             128,700,056        

U.S. Government Securities

     230,851,435             230,851,435        

Convertible Bonds

     45,371,349             45,371,349        

Common Stocks

 

Consumer Services

     15,687       15,687              

Energy

     274,766       7,343                 267,423  

Preferred Stocks

     1,008,075       1,008,075              

Convertible Preferred Stocks

     8,490,227           8,490,227              

Warrants

     84                   84  

Short-Term Investments

     74,315,131       7,445,418       66,869,713        

Purchased Options

     99             99        

Foreign Currency Contracts(2)

     3,331,247             3,331,247        

Futures Contracts(2)

     36,620       36,620              

Swaps - Credit Default(2)

     711,706             711,616       90  

Swaps - Interest Rate(2)

     641,568             641,568        
  

 

 

   

 

 

   

 

 

   

 

 

 

Total

   $     1,809,035,380     $     17,003,370     $     1,791,764,413     $     267,597  
  

 

 

   

 

 

   

 

 

   

 

 

 

Liabilities

 

Foreign Currency Contracts(2)

   $ (789,224   $     $ (789,224   $  

Futures Contracts(2)

     (2,977,609     (2,977,609            

Swaps - Credit Default(2)

     (4,434,811           (4,432,501     (2,310

Swaps - Interest Rate(2)

     (145,718           (145,718      

Written Options

     (6,312,615           (6,312,615      
  

 

 

   

 

 

   

 

 

   

 

 

 

Total

   $ (14,659,977   $     (2,977,609   $ (11,680,058   $ (2,310
  

 

 

   

 

 

   

 

 

   

 

 

 

 

(1) 

For the year ended October 31, 2020, there were no transfers in and out of Level 3.

 

(2) 

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

Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the year ended October 31, 2020 is not presented.

 

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

 

 

  149  

 


The Hartford Total Return Bond Fund

Schedule of Investments

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 19.1%  
          Asset-Backed - Automobile - 0.6%  
$     2,320,000    

AmeriCredit Automobile Receivables Trust 2.58%, 09/18/2025

  $ 2,399,900  
    2,000,000    

Drive Auto Receivables Trust 2.70%, 02/16/2027

    2,052,756  
    4,600,000    

Exeter Automobile Receivables Trust 2.58%, 09/15/2025(1)

    4,714,765  
    1,330,000    

Ford Credit Auto Owner Trust 3.61%, 01/15/2030(1)

    1,414,685  
    385,000    

Toyota Auto Loan Extended Note Trust 2.56%, 11/25/2031(1)

    410,875  
   

Westlake Automobile Receivables Trust

 
    3,400,000    

2.72%, 11/15/2024(1)

    3,483,930  
    3,231,421    

3.28%, 12/15/2022(1)

    3,247,514  
     

 

 

 
        17,724,425  
     

 

 

 
          Asset-Backed - Finance & Insurance - 3.4%  
    983,839    

Aaset Trust 3.35%, 01/16/2040(1)

    907,697  
    1,429,078    

AIMCO CLO Ltd. 1.09%, 01/15/2028, 3 mo. USD LIBOR + 0.850%(1)(2)

    1,417,594  
    3,888,275    

Apex Credit CLO Ltd. 1.69%, 04/24/2029, 3 mo. USD LIBOR + 1.470%(1)(2)

    3,870,089  
    5,946,248    

Atrium 1.05%, 04/22/2027, 3 mo. USD LIBOR + 0.830%(1)(2)

    5,887,803  
    451,229    

Avery Point CLO Ltd. 1.32%, 04/25/2026, 3 mo. USD LIBOR + 1.100%(1)(2)

    450,289  
    14,271    

Babson CLO Ltd. 1.37%, 07/20/2025, 3 mo. USD LIBOR + 1.150%(1)(2)

    14,249  
    3,822,655    

Bayview Koitere Fund Trust 3.50%, 07/28/2057(1)(3)

    3,955,736  
    3,699,511    

Bayview Opportunity Master Fund Trust 3.50%, 10/28/2057(1)(3)

    3,797,474  
    7,230,000    

Carlyle Vantage CLO Corp. 1.24%, 04/20/2031, 3 mo. USD LIBOR + 1.020%(1)(2)

    7,082,768  
    4,140,000    

Cirrus Funding Ltd. 4.80%, 01/25/2037(1)

    4,403,225  
    3,220,863    

Domino’s Pizza Master Issuer LLC 4.12%, 07/25/2048(1)

    3,402,133  
    6,230,000    

Dryden 55 CLO Ltd. 1.26%, 04/15/2031, 3 mo. USD LIBOR + 1.020%(1)(2)

    6,144,369  
   

First Franklin Mortgage Loan Trust

 
    2,250,478    

0.39%, 04/25/2036, 1 mo. USD LIBOR + 0.240%(2)

    1,923,055  
    1,065,000    

0.46%, 09/25/2036, 1 mo. USD LIBOR + 0.310%(2)

    902,001  
   

Madison Park Funding Ltd.

 
    379,585    

1.48%, 07/20/2026, 3 mo. USD LIBOR + 1.260%(1)(2)

    379,584  
    5,030,000    

1.50%, 01/15/2033, 3 mo. USD LIBOR + 1.260%(1)(2)

    4,983,840  
    2,854,878    

MFA Trust 3.35%, 11/25/2047(1)

    2,858,631  
    1,819,857    

NRZ Excess Spread-Collateralized Notes 3.27%, 02/25/2023(1)

    1,819,669  
    820,901    

OCP CLO Ltd. 1.07%, 04/17/2027, 3 mo. USD LIBOR + 0.850%(1)(2)

    817,013  
    1,914,399    

OneMain Financial Issuance Trust 2.37%, 09/14/2032(1)

    1,917,654  
    1,412,697    

Preston Ridge Partners Mortgage Trust LLC 3.35%, 07/25/2024(1)

    1,414,487  
   

Pretium Mortgage Credit Partners LLC

 
    2,576,708    

3.72%, 01/25/2059(1)

    2,572,249  
    697,396    

3.72%, 02/27/2060(1)

    697,399  
    1,186,975    

Seasoned Credit Risk Transfer Trust 3.50%, 08/25/2058

    1,329,194  
    49,382    

Seneca Park CLO Ltd. 1.34%, 07/17/2026, 3 mo. USD LIBOR + 1.120%(1)(2)

    49,304  
   

SoFi Consumer Loan Program LLC

 
    203,371    

2.50%, 05/26/2026(1)

    204,476  
    81,654    

2.77%, 05/25/2026(1)

    82,036  
Shares or Principal Amount   Market Value  
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 19.1% - (continued)  
          Asset-Backed - Finance & Insurance - 3.4% - (continued)  
$     2,666,562    

Sound Point CLO Ltd. 1.11%, 01/20/2028, 3 mo. USD LIBOR + 0.890%(1)(2)

  $ 2,655,054  
    6,320,000    

Sound Point CLO XII Ltd. 1.51%, 10/20/2028, 3 mo. USD LIBOR + 1.290%(1)(2)

    6,287,294  
    5,417,014    

Springleaf Funding Trust 2.68%, 07/15/2030(1)

    5,424,282  
    2,920,403    

Symphony CLO Ltd. 1.18%, 07/14/2026, 3 mo. USD LIBOR + 0.950%(1)(2)

    2,901,995  
    455,731    

Thacher Park CLO Ltd. 1.38%, 10/20/2026, 3 mo. USD LIBOR + 1.160%(1)(2)

    454,813  
    9,075,000    

Voya CLO Ltd. 1.12%, 01/18/2029, 3 mo. USD LIBOR + 0.900%(1)(2)

    8,991,056  
    1,327,463    

Wendy’s Funding LLC 3.88%, 03/15/2048(1)

    1,403,446  
    2,430,000    

Westlake Automobile Receivables Trust 1.65%, 02/17/2026(1)

    2,431,785  
    980,000    

Wingstop Funding LLC 2.84%, 12/05/2050(1)

    980,098  
    5,492,162    

Zais CLO Ltd. 1.77%, 10/15/2028, 3 mo. USD LIBOR + 1.530%(1)(2)

    5,485,610  
     

 

 

 
        100,299,451  
     

 

 

 
          Asset-Backed - Home Equity - 0.8%  
    3,120,000    

CPT Mortgage Trust 2.87%, 11/13/2039(1)

    3,359,321  
   

GSAA Home Equity Trust

 
    21,932    

0.22%, 12/25/2046, 1 mo. USD LIBOR + 0.070%(2)

    9,309  
    2,780,429    

0.23%, 02/25/2037, 1 mo. USD LIBOR + 0.080%(2)

    1,164,654  
    893,451    

0.24%, 12/25/2036, 1 mo. USD LIBOR + 0.090%(2)

    362,786  
    1,304,588    

0.33%, 11/25/2036, 1 mo. USD LIBOR + 0.180%(2)

    496,194  
    1,306,173    

5.99%, 06/25/2036(3)

    528,165  
   

Legacy Mortgage Asset Trust

 
    3,322,432    

3.00%, 06/25/2059(1)

    3,333,881  
    4,228,862    

3.25%, 11/25/2059(1)

    4,228,738  
    6,639,124    

4.00%, 03/25/2058(1)

    6,710,004  
    35,496    

Morgan Stanley Asset-Backed Securities Capital, Inc. Trust 0.30%, 06/25/2036, 1 mo. USD LIBOR + 0.150%(2)

    30,825  
    1,219,607    

Morgan Stanley Mortgage Loan Trust

0.32%, 11/25/2036, 1 mo. USD LIBOR + 0.170%(2)

    484,714  
    486,737    

Renaissance Home Equity Loan Trust 5.91%, 04/25/2037

    210,434  
   

Soundview Home Loan Trust

 
    2,621,119    

0.33%, 07/25/2037, 1 mo. USD LIBOR + 0.180%(2)

    2,476,715  
    830,000    

0.39%, 07/25/2036, 1 mo. USD LIBOR + 0.240%(2)

    731,536  
    1,110,000    

0.40%, 11/25/2036, 1 mo. USD LIBOR + 0.250%(2)

    1,035,103  
     

 

 

 
        25,162,379  
     

 

 

 
          Commercial Mortgage-Backed Securities - 4.5%  
    3,215,000    

1211 Avenue of the Americas Trust 3.90%, 08/10/2035(1)

    3,556,409  
    3,475,000    

BAMLL Commercial Mortgage Securities Trust 3.11%, 11/05/2032(1)

    3,451,309  
    29,926,874    

Banc of America Commercial Mortgage Trust 0.74%, 11/15/2050(3)(4)

    1,282,573  
   

BBCMS Mortgage Trust

 
    6,535,000    

0.99%, 04/15/2053(3)(4)

    559,719  
    7,661,000    

1.00%, 08/15/2036, 1 mo. USD LIBOR + 0.850%(1)(2)

    7,368,014  
    23,374,537    

1.49%, 02/15/2050(3)(4)

    1,645,495  
    2,660,000    

4.97%, 12/15/2051(3)

    2,836,871  
   

Benchmark Mortgage Trust

 
    11,839,656    

0.52%, 07/15/2051(3)(4)

    340,462  
 

 

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

 

 

  150  

 


The Hartford Total Return Bond Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 19.1% - (continued)  
          Commercial Mortgage-Backed Securities - 4.5% - (continued)  
$     59,318,436    

0.64%, 04/10/2051(3)(4)

  $ 1,918,008  
    34,172,761    

0.67%, 01/15/2052(3)(4)

    1,469,107  
    8,472,262    

1.07%, 08/15/2052(3)(4)

    559,715  
    6,988,742    

1.79%, 07/15/2053(3)(4)

    858,036  
    3,000,000    

3.04%, 08/15/2052

    3,316,876  
    5,040,771    

BX Commercial Mortgage Trust

1.07%, 10/15/2036, 1 mo. USD LIBOR + 0.920%(1)(2)

    5,037,630  
    2,535,000    

CAMB Commercial Mortgage Trust

2.70%, 12/15/2037, 1 mo. USD LIBOR + 2.550%(1)(2)

    2,414,456  
    2,516,947    

Cantor Commercial Real Estate 1.14%, 05/15/2052(3)(4)

    184,306  
    4,145,000    

CD Commercial Mortgage Trust 2.46%, 08/10/2049

    4,333,732  
    359,002    

Chase Mortgage Finance Trust 3.71%, 12/25/2035(3)

    349,953  
   

Citigroup Commercial Mortgage Trust

 
    11,008,987    

0.94%, 07/10/2047(3)(4)

    332,255  
    12,878,199    

1.05%, 04/10/2048(3)(4)

    512,084  
    415,000    

4.59%, 03/10/2047(1)(3)

    295,764  
   

Commercial Mortgage Trust

 
    3,520,659    

0.66%, 08/10/2046(3)(4)

    55,980  
    4,500,000    

1.05%, 10/15/2034, 1 mo. USD LIBOR + 0.900%(1)(2)

    4,473,613  
    687,000    

2.77%, 12/10/2045

    709,285  
    939,511    

2.85%, 10/15/2045

    965,980  
    597,768    

2.94%, 01/10/2046

    620,080  
    735,000    

3.10%, 03/10/2046

    760,490  
    3,895,000    

3.18%, 02/10/2048

    4,204,685  
    626,089    

3.21%, 03/10/2046

    653,132  
    309,559    

3.33%, 06/10/2046

    322,715  
    3,050,000    

3.42%, 03/10/2031(1)

    3,213,425  
    905,000    

3.61%, 06/10/2046(3)

    961,868  
    657,843    

4.02%, 07/10/2045

    697,824  
    420,000    

4.07%, 02/10/2047(3)

    457,984  
    390,000    

4.21%, 08/10/2046

    422,136  
    660,000    

4.21%, 08/10/2046(3)

    713,947  
    595,000    

4.22%, 07/10/2045(3)

    635,512  
    805,000    

4.59%, 10/15/2045(1)(3)

    40,250  
    1,825,000    

4.75%, 10/15/2045(1)(3)

    871,565  
    35,152    

Credit Suisse First Boston Mortgage Securities Corp. 4.88%, 04/15/2037

    34,122  
   

CSAIL Commercial Mortgage Trust

 
    26,176,456    

0.75%, 06/15/2057(3)(4)

    722,038  
    1,346,309    

0.83%, 04/15/2050(3)(4)

    38,855  
    4,729,296    

0.89%, 11/15/2048(3)(4)

    153,313  
    7,824,722    

1.90%, 01/15/2049(3)(4)

    566,556  
    750,000    

CSMC Trust 2.76%, 04/05/2033(1)

    745,556  
   

DBJPM Mortgage Trust

 
    5,710,702    

1.71%, 09/15/2053(3)(4)

    638,406  
    3,600,000    

2.89%, 08/10/2049

    3,888,707  
    810,951    

DBUBS Mortgage Trust 0.59%, 11/10/2046(1)(3)(4)

    17  
   

FREMF Mortgage Trust

 
    440,000    

3.73%, 10/25/2049(1)(3)

    484,211  
    350,000    

3.80%, 02/25/2050(1)(3)

    378,545  
    230,000    

3.84%, 10/25/2049(1)(3)

    254,653  
    600,000    

3.95%, 08/25/2047(1)(3)

    608,383  
    1,610,000    

3.98%, 04/25/2051(1)(3)

    1,799,138  
   

GS Mortgage Securities Corp.

 
    2,010,000    

2.95%, 11/05/2034(1)

    2,002,877  
    2,845,000    

4.11%, 07/10/2051(3)

    3,250,149  
   

GS Mortgage Securities Trust

 
    22,603,578    

0.07%, 07/10/2046(3)(4)

    49,689  
    2,996,605    

1.32%, 08/10/2044(1)(3)(4)

    12,907  
    3,980,000    

3.04%, 07/10/2052

    4,395,487  
Shares or Principal Amount   Market Value  
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 19.1% - (continued)  
          Commercial Mortgage-Backed Securities - 4.5% - (continued)  
$     695,000    

3.67%, 04/10/2047(1)

  $ 126,032  
    825,000    

4.07%, 01/10/2047

    889,148  
    1,310,000    

4.97%, 04/10/2047(1)(3)

    717,894  
    1,531,153    

Homeward Opportunities Fund Trust 2.70%, 09/25/2059(1)(3)

    1,546,259  
   

JP Morgan Chase Commercial Mortgage Securities Trust

 
    1,325,000    

2.73%, 10/15/2045(1)(3)

    757,807  
    1,770,000    

2.81%, 01/16/2037(1)

    1,832,507  
    788,273    

2.84%, 12/15/2047

    810,241  
    730,000    

4.42%, 12/15/2047(1)(3)

    505,667  
    970,000    

5.42%, 08/15/2046(1)(3)

    775,486  
   

JPMBB Commercial Mortgage Securities Trust

 
    10,519,766    

0.63%, 09/15/2047(3)(4)

    210,171  
    3,224,286    

0.66%, 05/15/2048(3)(4)

    81,263  
    237,306    

3.36%, 07/15/2045

    248,327  
   

Morgan Stanley Bank of America Merrill Lynch Trust

 
    6,397,323    

1.00%, 12/15/2047(3)(4)

    200,114  
    4,087,089    

1.02%, 10/15/2048(3)(4)

    157,104  
    700,000    

2.92%, 02/15/2046

    726,347  
    1,465,000    

3.13%, 12/15/2048

    1,527,924  
    880,000    

3.18%, 08/15/2045

    907,535  
    730,173    

4.26%, 10/15/2046(3)

    785,115  
   

Morgan Stanley Capital Trust

 
    2,620,111    

1.42%, 06/15/2050(3)(4)

    162,597  
    2,605,000    

3.47%, 08/11/2033(1)

    2,643,822  
    885,000    

5.24%, 07/15/2049(1)(3)

    437,709  
    37,927    

5.67%, 10/12/2052(1)(3)

    8,546  
    2,165,000    

MTRO Commercial Mortgage Trust

1.95%, 12/15/2033, 1 mo. USD LIBOR + 1.800%(1)(2)

    2,078,745  
   

Natixis Commercial Mortgage Securities Trust

 
    1,385,000    

2.91%, 10/15/2036(1)

    1,376,878  
    1,187,000    

4.40%, 06/17/2038(1)

    1,286,499  
    826,212    

Oaktown Re II Ltd. 1.70%, 07/25/2028, 1 mo. USD LIBOR + 1.550%(1)(2)

    823,777  
    5,770,000    

SG Commercial Mortgage Securities Trust 2.63%, 03/15/2037(1)

    5,921,310  
    5,350,286    

Stanwich Mortgage Loan Trust 3.48%, 11/16/2024(1)

    5,341,706  
    7,594    

Structured Agency Credit Risk Trust

0.90%, 09/25/2048, 1 mo. USD LIBOR + 0.750%(1)(2)

    7,591  
    5,489,281    

UBS Commercial Mortgage Trust 1.08%, 08/15/2050(3)(4)

    280,279  
   

UBS-Barclays Commercial Mortgage Trust

 
    920,000    

2.85%, 12/10/2045

    951,540  
    2,152,963    

3.09%, 08/10/2049

    2,225,497  
   

Wells Fargo Commercial Mortgage Trust

 
    9,799,163    

1.10%, 05/15/2048(3)(4)

    375,493  
    10,000    

3.17%, 02/15/2048

    10,763  
    255,000    

4.15%, 05/15/2048(3)

    239,354  
    198,566    

Wells Fargo Mortgage Backed Securities Trust 4.00%, 11/25/2048(1)(3)

    201,827  
   

Wells Fargo N.A.

 
    20,776,948    

0.60%, 11/15/2062(3)(4)

    972,534  
    10,579,288    

0.65%, 11/15/2062(3)(4)

    539,783  
    18,188,997    

0.70%, 12/15/2052(3)(4)

    994,041  
    21,482,572    

0.84%, 09/15/2062(3)(4)

    1,302,899  
    37,953,984    

0.89%, 01/15/2063(3)(4)

    2,602,425  
    21,392,263    

0.90%, 05/15/2062(3)(4)

    1,353,082  
   

WF-RBS Commercial Mortgage Trust

 
    1,637,041    

1.19%, 03/15/2047(3)(4)

    48,997  
    802,927    

2.87%, 11/15/2045

    822,253  
    1,490,000    

3.00%, 08/15/2045

    1,532,227  
    1,545,000    

3.02%, 11/15/2047(1)

    463,619  
 

 

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

 

 

  151  

 


The Hartford Total Return Bond Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 19.1% - (continued)  
          Commercial Mortgage-Backed Securities - 4.5% - (continued)  
$     740,000    

3.07%, 03/15/2045

  $ 770,263  
    350,000    

3.35%, 05/15/2045

    366,882  
    225,000    

4.05%, 03/15/2047

    244,724  
    1,070,000    

4.15%, 08/15/2046(3)

    1,153,505  
    345,000    

5.00%, 06/15/2044(1)(3)

    191,787  
    770,000    

5.58%, 04/15/2045(1)(3)

    769,212  
     

 

 

 
        134,733,961  
     

 

 

 
          Other Asset-Backed Securities - 3.2%  
   

Affirm Asset Securitization Trust

 
    4,450,000    

1.90%, 01/15/2025(1)

    4,449,860  
    1,845,245    

3.46%, 10/15/2024(1)

    1,856,934  
    1,420,455    

Bayview Koitere Fund Trust 4.00%, 11/28/2053(1)(3)

    1,477,753  
    2,526,467    

Bayview Mortgage Fund Trust 3.50%, 01/28/2058(1)(3)

    2,551,723  
   

Bayview Opportunity Master Fund Trust

 
    1,573,294    

3.50%, 01/28/2055(1)(3)

    1,603,716  
    1,912,318    

3.50%, 06/28/2057(1)(3)

    1,975,509  
    2,848,018    

4.00%, 10/28/2064(1)(3)

    2,959,055  
    1,419,897    

CF Hippolyta LLC 1.99%, 07/15/2060(1)

    1,431,298  
    2,401,823    

CSMC Trust 4.13%, 07/25/2058(1)(3)

    2,411,517  
    1,494,900    

Domino’s Pizza Master Issuer LLC 3.67%, 10/25/2049(1)

    1,576,850  
   

Mill City Mortgage Loan Trust

 
    2,650,426    

2.75%, 01/25/2061(1)(3)

    2,728,651  
    469,938    

3.25%, 05/25/2062(1)(3)

    487,203  
    3,726,554    

New Residential Mortgage LLC 3.79%, 07/25/2054(1)

    3,652,288  
    4,646,129    

NRZ Excess Spread-Collateralized Notes 3.19%, 01/25/2023(1)

    4,658,534  
    4,337,331    

Pretium Mortgage Credit Partners LLC 2.86%, 05/27/2059(1)

    4,348,176  
    578,376    

Sapphire Aviation Finance Ltd. 3.23%, 03/15/2040(1)

    528,209  
    5,988,292    

Seasoned Credit Risk Transfer Trust 3.50%, 03/25/2058

    6,686,729  
    6,187    

SoFi Consumer Loan Program LLC 3.28%, 01/26/2026(1)

    6,197  
   

Towd Point Mortgage Trust

 
    2,455,305    

0.75%, 02/25/2057, 1 mo. USD LIBOR + 0.600%(1)(2)

    2,450,872  
    1,302,321    

2.25%, 04/25/2056(1)(3)

    1,317,621  
    1,222,520    

2.75%, 08/25/2055(1)(3)

    1,251,907  
    6,965,937    

2.75%, 10/25/2056(1)(3)

    7,139,837  
    1,090,663    

2.75%, 04/25/2057(1)(3)

    1,119,785  
    2,051,172    

2.75%, 06/25/2057(1)(3)

    2,121,778  
    2,191,025    

2.75%, 07/25/2057(1)(3)

    2,254,418  
    5,408,616    

2.75%, 10/25/2057(1)(3)

    5,583,018  
    66,589    

3.00%, 03/25/2054(1)(3)

    66,938  
    5,898,520    

3.25%, 03/25/2058(1)(3)

    6,168,993  
    6,146,808    

Vericrest Opportunity Loan Trust 3.97%, 04/25/2050(1)

    6,192,655  
    2,448,946    

Verus Securitization Trust 1.50%, 05/25/2065(1)

    2,457,703  
    3,308,109    

VOLT LXXX LLC 3.23%, 10/25/2049(1)

    3,310,496  
    1,441,122    

VOLT LXXXIII LLC 3.33%, 11/26/2049(1)

    1,442,967  
    4,762,413    

VOLT LXXXIV LLC 3.43%, 12/27/2049(1)

    4,771,514  
    3,450,000    

VOLT XCI LLC 3.11%, 11/25/2050(1)

    3,449,749  
     

 

 

 
        96,490,453  
     

 

 

 
          Whole Loan Collateral CMO - 6.6%  
    133,439    

Adjustable Rate Mortgage Trust

0.69%, 11/25/2035, 1 mo. USD LIBOR + 0.540%(2)

    131,758  
   

Alternative Loan Trust

 
    371,926    

0.47%, 11/25/2035, 1 mo. USD LIBOR + 0.320%(2)

    322,568  
Shares or Principal Amount   Market Value  
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 19.1% - (continued)  
          Whole Loan Collateral CMO - 6.6% - (continued)  
$     1,516,058    

0.69%, 01/25/2036, 1 mo. USD LIBOR + 0.540%(2)

  $ 1,457,440  
    895,737    

2.23%, 08/25/2035, 12 mo. USD MTA + 1.350%(2)

    802,457  
    251,342    

5.75%, 05/25/2036

    167,409  
    205,119    

6.00%, 05/25/2036

    159,973  
    143,310    

6.00%, 12/25/2036

    90,413  
    2,561,578    

Angel Oak Mortgage Trust 1.47%, 06/25/2065(1)(3)

    2,569,539  
   

Angel Oak Mortgage Trust LLC

 
    3,576,521    

2.93%, 05/25/2059(1)(3)

    3,621,091  
    862,219    

3.63%, 03/25/2049(1)(3)

    881,925  
    37,943,905    

Banc of America Commercial Mortgage Trust 1.79%, 03/15/2063(3)(4)

    5,580,471  
   

Banc of America Funding Trust

 
    425,806    

0.45%, 05/20/2047, 1 mo. USD LIBOR + 0.300%(2)

    407,523  
    1,440,521    

5.77%, 05/25/2037(3)

    1,488,165  
    56,731    

5.85%, 01/25/2037

    57,858  
   

Bear Stearns Adjustable Rate Mortgage Trust

 
    283,386    

2.41%, 10/25/2035, 12 mo. USD CMT + 2.300%(2)

    286,214  
    264,674    

2.83%, 02/25/2036(3)

    221,813  
    1,294,517    

Bear Stearns Alt-A Trust 0.65%, 01/25/2036, 1 mo. USD LIBOR + 0.500%(2)

    1,466,269  
    383,695    

Bear Stearns Mortgage Funding Trust

0.33%, 10/25/2036, 1 mo. USD LIBOR + 0.180%(2)

    329,174  
   

Bellemeade Re Ltd.

 
    380,166    

1.25%, 07/25/2029, 1 mo. USD LIBOR + 1.100%(1)(2)

    379,437  
    185,851    

1.45%, 03/25/2029, 1 mo. USD LIBOR + 1.300%(1)(2)

    185,821  
    1,858,555    

1.55%, 10/25/2029, 1 mo. USD LIBOR + 1.400%(1)(2)

    1,855,908  
    23,170,459    

Benchmark Mortgage Trust 1.23%, 03/15/2062(3)(4)

    1,842,633  
    3,907,222    

Bunker Hill Loan Depositary Trust 1.72%, 02/25/2055(1)(3)

    3,936,769  
   

CHL Mortgage Pass-Through Trust

 
    447,886    

0.83%, 03/25/2035, 1 mo. USD LIBOR + 0.680%(2)

    407,964  
    575,857    

2.96%, 11/20/2035(3)

    492,343  
    713,822    

3.02%, 09/25/2047(3)

    665,172  
    160,455    

3.45%, 06/20/2035(3)

    163,502  
    338,573    

3.89%, 04/20/2036(3)

    259,773  
    3,267,555    

CIM Trust 3.00%, 04/25/2057(1)(3)

    3,338,297  
    1,725,247    

Citigroup Mortgage Loan Trust 3.23%, 11/25/2070(1)

    1,738,990  
    1,915,000    

Colombia Cent CLO Ltd. 1.37%, 10/25/2028, 3 mo. USD LIBOR + 1.150%(1)(2)

    1,899,207  
   

COLT Mortgage Loan Trust

 
    2,578,571    

2.58%, 11/25/2049(1)(3)

    2,608,738  
    1,672,280    

2.76%, 08/25/2049(1)(3)

    1,690,006  
    1,345,174    

3.34%, 05/25/2049(1)(3)

    1,355,679  
   

Connecticut Avenue Securities Trust

 
    2,144,693    

2.15%, 07/25/2039, 1 mo. USD LIBOR + 2.000%(1)(2)

    2,136,149  
    2,189,072    

2.25%, 06/25/2039, 1 mo. USD LIBOR + 2.100%(1)(2)

    2,170,534  
    1,312,365    

2.30%, 09/25/2031, 1 mo. USD LIBOR + 2.150%(1)(2)

    1,303,608  
    1,309,336    

2.30%, 11/25/2039, 1 mo. USD LIBOR + 2.150%(1)(2)

    1,179,176  
    1,763,910    

2.45%, 08/25/2031, 1 mo. USD LIBOR + 2.300%(1)(2)

    1,752,832  
 

 

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

 

 

  152  

 


The Hartford Total Return Bond Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 19.1% - (continued)  
          Whole Loan Collateral CMO - 6.6% - (continued)  
$     713,084    

Credit Suisse First Boston Mortgage Securities Corp. 5.50%, 06/25/2035

  $ 659,498  
    1,780,134    

CSMC Trust 3.25%, 04/25/2047(1)(3)

    1,840,035  
   

Deephaven Residential Mortgage Trust

 
    4,223,043    

1.69%, 05/25/2065(1)

    4,244,248  
    379,600    

2.45%, 06/25/2047(1)(3)

    380,448  
    3,872,214    

2.96%, 07/25/2059(1)(3)

    3,913,439  
    289,537    

3.56%, 04/25/2059(1)(3)

    292,930  
    139,712    

DSLA Mortgage Loan Trust 0.51%, 01/19/2045, 1 mo. USD LIBOR + 0.360%(2)

    122,287  
   

Fannie Mae Connecticut Avenue Securities

 
    153,070    

2.15%, 03/25/2031, 1 mo. USD LIBOR + 2.000%(2)

    148,461  
    710,534    

2.70%, 12/25/2030, 1 mo. USD LIBOR + 2.550%(2)

    696,735  
    990,028    

4.50%, 05/25/2029, 1 mo. USD LIBOR + 4.350%(2)

    1,029,713  
    422,897    

4.60%, 01/25/2029, 1 mo. USD LIBOR + 4.450%(2)

    439,091  
   

GMACM Mortgage Loan Trust

 
    273,852    

2.97%, 09/19/2035(3)

    255,809  
    65,132    

3.67%, 04/19/2036(3)

    56,624  
   

GSR Mortgage Loan Trust

 
    1,921,667    

0.45%, 01/25/2037, 1 mo. USD LIBOR + 0.300%(2)

    543,537  
    112,988    

3.05%, 10/25/2035(3)

    83,353  
    957,712    

3.74%, 01/25/2036(3)

    951,530  
   

HarborView Mortgage Loan Trust

 
    662,742    

0.34%, 01/19/2038, 1 mo. USD LIBOR + 0.190%(2)

    602,475  
    1,219,014    

0.39%, 12/19/2036, 1 mo. USD LIBOR + 0.240%(2)

    1,121,498  
    689,529    

Home Re Ltd. 1.75%, 10/25/2028, 1 mo. USD LIBOR + 1.600%(1)(2)

    680,805  
   

IndyMac Index Mortgage Loan Trust

 
    422,202    

3.28%, 03/25/2036(3)

    371,567  
    1,128,732    

3.55%, 04/25/2037(3)

    803,842  
    304,558    

3.90%, 01/25/2036(3)

    294,418  
   

JP Morgan Mortgage Trust

 
    223,021    

2.97%, 09/25/2035(3)

    224,239  
    228,081    

3.59%, 05/25/2036(3)

    203,133  
    93,016    

3.65%, 04/25/2037(3)

    84,052  
    2,840,000    

LCM XX L.P. 1.26%, 10/20/2027, 3 mo. USD LIBOR + 1.040%(1)(2)

    2,815,414  
    434,913    

Lehman XS Trust 0.36%, 07/25/2046, 1 mo. USD LIBOR + 0.210%(2)

    423,714  
   

LSTAR Securities Investment Ltd.

 
    1,514,378    

1.65%, 04/01/2024, 1 mo. USD LIBOR + 1.500%(1)(2)

    1,498,619  
    3,690,995    

1.65%, 05/01/2024, 1 mo. USD LIBOR + 1.500%(1)(2)

    3,672,178  
   

LSTAR Securities Investment Trust

 
    491,801    

1.65%, 04/01/2024, 1 mo. USD LIBOR + 1.500%(1)(2)

    487,864  
    2,004,119    

1.85%, 03/01/2024, 1 mo. USD LIBOR + 1.700%(1)(2)

    1,990,426  
    2,178,294    

Luminent Mortgage Trust 0.34%, 05/25/2046, 1 mo. USD LIBOR + 0.190%(2)

    1,902,156  
   

MetLife Securitization Trust

 
    1,344,074    

3.00%, 04/25/2055(1)(3)

    1,416,073  
    2,919,910    

3.75%, 03/25/2057(1)(3)

    3,131,816  
    641,530    

MFA Trust 2.59%, 02/25/2057(1)(3)

    649,075  
    521,651    

Morgan Stanley Mortgage Loan Trust 3.60%, 05/25/2036(3)

    362,026  
    3,525,000    

Mortgage Insurance-Linked Notes

2.05%, 11/26/2029, 1 mo. USD LIBOR + 1.900%(1)(2)

    3,496,755  
Shares or Principal Amount   Market Value  
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 19.1% - (continued)  
          Whole Loan Collateral CMO - 6.6% - (continued)  
   

New Residential Mortgage Loan Trust

 
$     3,781,158    

0.90%, 01/25/2048, 1 mo. USD LIBOR + 0.750%(1)(2)

  $ 3,772,797  
    2,826,638    

1.65%, 06/25/2057, 1 mo. USD LIBOR + 1.500%(1)(2)

    2,837,843  
    1,672,250    

2.49%, 09/25/2059(1)(3)

    1,699,895  
    742,043    

2.80%, 07/25/2049(1)(3)

    748,522  
    895,057    

3.23%, 08/25/2060(1)

    894,966  
    3,456,485    

3.50%, 12/25/2057(1)(3)

    3,645,118  
    2,858,362    

3.50%, 08/25/2059(1)(3)

    2,990,909  
    2,283,461    

3.75%, 11/26/2035(1)(3)

    2,462,548  
    882,218    

3.75%, 01/25/2054(1)(3)

    947,351  
    41,997    

3.75%, 05/25/2054(1)(3)

    45,282  
    2,419,564    

3.75%, 11/25/2056(1)(3)

    2,596,911  
    5,623,505    

3.75%, 11/25/2058(1)(3)

    5,997,306  
    4,376,560    

4.00%, 02/25/2057(1)(3)

    4,733,965  
    4,493,385    

4.00%, 03/25/2057(1)(3)

    4,840,106  
    3,015,483    

4.00%, 04/25/2057(1)(3)

    3,252,609  
    2,821,907    

4.00%, 05/25/2057(1)(3)

    3,077,855  
    3,643,131    

4.00%, 08/27/2057(1)(3)

    3,922,402  
    508,582    

4.00%, 12/25/2057(1)(3)

    548,423  
    252,546    

Oaktown Re III Ltd. 1.55%, 07/25/2029, 1 mo. USD LIBOR + 1.400%(1)(2)

    252,401  
    458,335    

OBX Trust 0.80%, 06/25/2057, 1 mo. USD LIBOR + 0.650%(1)(2)

    457,657  
   

OZLM Ltd.

 
    1,097,872    

1.23%, 07/17/2029, 3 mo. USD LIBOR + 1.010%(1)(2)

    1,082,138  
    3,196,393    

1.32%, 04/30/2027, 3 mo. USD LIBOR + 1.050%(1)(2)

    3,174,325  
    1,955,877    

PMT Credit Risk Transfer Trust

2.15%, 03/27/2024, 1 mo. USD LIBOR + 2.000%(1)(2)

    1,769,848  
   

Preston Ridge Partners Mortgage Trust LLC

 
    5,143,316    

2.86%, 09/25/2025(1)

    5,144,294  
    1,479,512    

3.50%, 10/25/2024(1)(3)

    1,487,172  
    324,545    

Radnor RE Ltd. 1.35%, 06/25/2029, 1 mo. USD LIBOR + 1.200%(1)(2)

    324,370  
    796,294    

RBSGC Mortgage Loan Trust 6.25%, 01/25/2037

    784,079  
   

Residential Accredit Loans, Inc.

 
    1,673,797    

0.45%, 04/25/2036, 1 mo. USD LIBOR + 0.300%(2)

    1,562,597  
    891,399    

6.00%, 12/25/2035

    877,111  
    652,106    

Residential Asset Securitization Trust 5.50%, 06/25/2035

    577,568  
    436,961    

Residential Funding Mortgage Securities, Inc. 3.24%, 08/25/2035(3)

    271,775  
   

Seasoned Credit Risk Transfer Trust

 
    3,461,555    

2.50%, 08/25/2059

    3,640,072  
    2,188,489    

3.50%, 11/25/2057

    2,437,164  
    5,828,135    

3.50%, 07/25/2058

    6,516,978  
    6,034,437    

3.50%, 10/25/2058

    6,638,669  
    244,005    

Spruce Hill Mortgage Loan Trust 3.40%, 04/29/2049(1)(3)

    246,305  
    614,939    

TBW Mortgage-Backed Trust 6.00%, 07/25/2036

    418,609  
   

Vericrest Opportunity Loan Trust

 
    2,063,116    

3.18%, 10/25/2049(1)

    2,066,355  
    3,450,856    

3.28%, 11/25/2049(1)

    3,457,447  
   

Verus Securitization Trust

 
    3,139,725    

2.78%, 07/25/2059(1)

    3,201,154  
    2,246,799    

3.21%, 05/25/2059(1)(3)

    2,268,934  
    3,688,343    

3.60%, 08/25/2050(1)

    3,689,880  
 

 

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

 

 

  153  

 


The Hartford Total Return Bond Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 19.1% - (continued)  
          Whole Loan Collateral CMO - 6.6% - (continued)  
   

WaMu Mortgage Pass-Through Certificates Trust

 
$     378,265    

1.76%, 10/25/2046, 12 mo. USD MTA + 0.880%(2)

  $ 342,306  
    307,663    

1.86%, 07/25/2046, 12 mo. USD MTA + 0.980%(2)

    280,944  
    794,838    

3.15%, 06/25/2037(3)

    740,492  
   

Washington Mutual Mortgage Pass-Through Certificates WMALT Trust

 
    976,514    

0.75%, 07/25/2036, 1 mo. USD LIBOR + 0.600%(2)

    620,033  
    498,311    

1.71%, 11/25/2046, 12 mo. USD MTA + 0.830%(2)

    437,785  
    17,972,683    

Wells Fargo Commercial Mortgage Trust 0.93%, 09/15/2057(3)(4)

    668,106  
    152,447    

Wells Fargo Mortgage-Backed Securities Trust 3.08%, 09/25/2036(3)

    144,855  
    1,844,277    

Wells Fargo N.A. 1.03%, 04/15/2052(3)(4)

    132,522  
     

 

 

 
        198,023,234  
     

 

 

 
   

Total Asset & Commercial Mortgage-Backed Securities
(cost $570,361,584)

  $ 572,433,903  
     

 

 

 
CORPORATE BONDS - 32.7%  
          Advertising - 0.0%  
    615,000    

Lamar Media Corp. 3.75%, 02/15/2028

  $ 612,515  
     

 

 

 
          Aerospace/Defense - 0.6%  
   

Boeing Co.

 
    2,420,000    

5.04%, 05/01/2027

    2,659,218  
    1,675,000    

5.15%, 05/01/2030

    1,851,095  
   

DAE Funding LLC

 
    65,000    

4.50%, 08/01/2022(1)

    65,325  
    70,000    

5.00%, 08/01/2024(1)

    70,728  
    925,000    

General Dynamics Corp. 4.25%, 04/01/2040

    1,175,212  
   

L3Harris Technologies, Inc.

 
    2,235,000    

2.90%, 12/15/2029

    2,439,181  
    2,105,000    

3.85%, 06/15/2023

    2,273,042  
    2,300,000    

Northrop Grumman Corp. 5.15%, 05/01/2040

    3,082,564  
   

United Technologies Corp.

 
    43,000    

3.65%, 08/16/2023

    46,455  
    2,790,000    

3.95%, 08/16/2025

    3,182,670  
    1,135,000    

4.45%, 11/16/2038

    1,389,128  
    510,000    

4.63%, 11/16/2048

    665,772  
     

 

 

 
        18,900,390  
     

 

 

 
          Agriculture - 0.9%  
   

Altria Group, Inc.

 
    1,025,000    

2.35%, 05/06/2025

    1,080,972  
    650,000    

2.63%, 09/16/2026

    693,989  
    976,000    

3.88%, 09/16/2046

    988,004  
    735,000    

4.40%, 02/14/2026

    845,775  
    1,670,000    

4.80%, 02/14/2029

    1,961,474  
    1,670,000    

5.38%, 01/31/2044

    2,061,131  
    1,760,000    

5.80%, 02/14/2039

    2,241,068  
    390,000    

5.95%, 02/14/2049

    517,540  
    1,005,000    

Archer-Daniels-Midland Co. 3.25%, 03/27/2030

    1,154,545  
   

BAT Capital Corp.

 
    3,405,000    

2.26%, 03/25/2028

    3,394,844  
    2,525,000    

2.79%, 09/06/2024

    2,665,741  
    3,425,000    

BAT International Finance plc 1.67%, 03/25/2026

    3,437,515  
    1,945,000    

Kernel Holding S.A. 6.50%, 10/17/2024(5)

    1,952,780  
    2,680,000    

Philip Morris International, Inc. 2.10%, 05/01/2030

    2,737,396  
     

 

 

 
        25,732,774  
     

 

 

 
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 32.7% - (continued)  
          Apparel - 0.0%  
$     710,000    

Hanesbrands, Inc. 4.88%, 05/15/2026(1)

  $ 763,250  
     

 

 

 
          Auto Manufacturers - 0.1%  
   

General Motors Co.

 
    1,395,000    

5.20%, 04/01/2045

    1,557,568  
    735,000    

6.13%, 10/01/2025

    860,196  
     

 

 

 
        2,417,764  
     

 

 

 
          Beverages - 1.0%  
   

Anheuser-Busch InBev Worldwide, Inc.

 
    2,008,000    

3.75%, 07/15/2042

    2,151,899  
    1,165,000    

4.35%, 06/01/2040

    1,371,988  
    1,895,000    

4.60%, 04/15/2048

    2,245,358  
    700,000    

4.75%, 04/15/2058

    845,114  
    3,685,000    

5.45%, 01/23/2039

    4,768,686  
    1,280,000    

Coca-Cola Co. 1.65%, 06/01/2030

    1,306,715  
   

Constellation Brands, Inc.

 
    815,000    

2.65%, 11/07/2022

    847,774  
    560,000    

2.88%, 05/01/2030

    603,167  
    2,183,000    

3.15%, 08/01/2029

    2,391,000  
    3,051,000    

3.60%, 02/15/2028

    3,435,624  
    1,540,000    

4.40%, 11/15/2025

    1,780,256  
    670,000    

4.65%, 11/15/2028

    806,130  
    4,459,000    

Diageo Capital plc 2.00%, 04/29/2030

    4,580,384  
    625,000    

Molson Coors Brewing Co. 3.00%, 07/15/2026

    671,758  
    1,570,000    

PepsiCo, Inc. 3.63%, 03/19/2050

    1,897,849  
     

 

 

 
        29,703,702  
     

 

 

 
          Biotechnology - 0.7%  
   

Amgen, Inc.

 

    615,000    

1.90%, 02/21/2025

    638,557  
    1,105,000    

2.20%, 02/21/2027

    1,160,847  
    6,490,000    

2.30%, 02/25/2031

    6,732,422  
    1,110,000    

2.65%, 05/11/2022

    1,146,683  
    1,030,000    

3.15%, 02/21/2040

    1,083,222  
    1,155,000    

3.38%, 02/21/2050

    1,229,134  
    4,935,000    

Gilead Sciences, Inc. 1.65%, 10/01/2030

    4,863,537  
   

Royalty Pharma plc

 

    225,000    

1.75%, 09/02/2027(1)

    223,189  
    2,445,000    

2.20%, 09/02/2030(1)

    2,406,479  
    1,135,000    

3.30%, 09/02/2040(1)

    1,116,635  
    1,740,000    

3.55%, 09/02/2050(1)

    1,665,619  
     

 

 

 
        22,266,324  
     

 

 

 
          Chemicals - 0.5%  
    1,460,000    

Alpek S.A.B. de C.V. 4.25%, 09/18/2029(1)

    1,498,274  
    225,000    

Chemours Co. 5.38%, 05/15/2027

    220,781  
   

Dow Chemical Co.

 

    1,810,000    

3.60%, 11/15/2050

    1,842,846  
    576,000    

4.80%, 05/15/2049

    700,559  
   

DuPont de Nemours, Inc.

 

    200,000    

0.99%, 11/15/2020, 3 mo. USD LIBOR + 0.710%(2)

    200,046  
    2,940,000    

4.21%, 11/15/2023

    3,233,211  
    875,000    

LYB International Finance LLC 1.25%, 10/01/2025

    877,224  
    1,535,000    

3.80%, 10/01/2060

    1,464,759  
    285,000    

Olin Corp. 5.13%, 09/15/2027

    289,275  
   

Sherwin-Williams Co.

 

    575,000    

3.30%, 05/15/2050

    611,928  
    510,000    

4.50%, 06/01/2047

    638,888  
    1,810,000    

Syngenta Finance N.V. 4.89%, 04/24/2025(1)

    1,962,298  
     

 

 

 
        13,540,089  
     

 

 

 
 

 

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

 

 

  154  

 


The Hartford Total Return Bond Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 32.7% - (continued)  
          Commercial Banks - 5.1%  
   

Bank of America Corp.

 

$     2,175,000    

2.46%, 10/22/2025, (2.46% fixed rate until 10/22/2024; 3 mo. USD LIBOR + 0.870% thereafter)(6)

  $ 2,297,130  
    1,550,000    

3.19%, 07/23/2030, (3.19% fixed rate until 07/23/2029; 3 mo. USD LIBOR + 1.180% thereafter)(6)

    1,702,319  
    5,830,000    

3.37%, 01/23/2026, (3.37% fixed rate until 01/23/2025; 3 mo. USD LIBOR + 0.810% thereafter)(6)

    6,360,271  
    3,750,000    

3.71%, 04/24/2028, (3.71% fixed rate until 04/24/2027; 3 mo. USD LIBOR + 1.512% thereafter)(6)

    4,213,834  
    1,070,000    

3.86%, 07/23/2024, (3.86% fixed rate until 07/23/2023; 3 mo. USD LIBOR + 0.940% thereafter)(6)

    1,159,123  
    5,780,000    

4.08%, 03/20/2051, (4.08% fixed rate until 03/20/2050; 3 mo. USD LIBOR + 3.150% thereafter)(6)

    7,050,258  
    3,185,000    

7.75%, 05/14/2038

    5,228,842  
    2,640,000    

Bank of New York Mellon Corp. 2.10%, 10/24/2024

    2,778,776  
    2,435,000    

BNP Paribas S.A. 2.22%, 06/09/2026, (2.22% fixed rate until 06/09/2025; 3 mo. USD SOFR + 2.074% thereafter)(1)(6)

    2,518,000  
    1,490,000    

Capital One Financial Corp. 3.90%, 01/29/2024

    1,625,171  
    805,000    

China Construction Bank Corp.

0.97%, 09/24/2021, 3 mo. USD LIBOR + 0.750%(2)(5)

    804,984  
   

Citigroup, Inc.

 

    2,325,000    

2.31%, 11/04/2022, (2.31% fixed rate until 11/04/2021; 3 mo. USD SOFR + 0.867% thereafter)(6)

    2,367,033  
    1,355,000    

3.20%, 10/21/2026

    1,490,229  
    3,590,000    

3.35%, 04/24/2025, (3.35% fixed rate until 04/24/2024; 3 mo. USD LIBOR + 0.897% thereafter)(6)

    3,877,918  
    1,240,000    

3.98%, 03/20/2030, (3.98% fixed rate until 03/20/2029; 3 mo. USD LIBOR + 1.338% thereafter)(6)

    1,422,436  
    2,090,000    

4.41%, 03/31/2031, (4.41% fixed rate until 03/31/2030; 3 mo. USD SOFR + 3.914% thereafter)(6)

    2,481,563  
    1,780,000    

4.45%, 09/29/2027

    2,053,735  
    360,000    

Credit Suisse AG 0.54%, 02/04/2022, 3 mo. USD SOFR + 0.450%(2)

    360,320  
    4,615,000    

Credit Suisse Group AG 6.25%, 12/18/2024, 5 year USD Swap + 3.455%(1)(2)(7)

    4,914,975  
    360,000    

Credit Suisse Group Funding Guernsey Ltd.

2.51%, 04/16/2021, 3 mo. USD LIBOR + 2.290%(2)

    363,575  
   

Danske Bank A/S

 

    1,615,000    

5.00%, 01/12/2022(1)

    1,691,180  
    1,685,000    

5.38%, 01/12/2024(1)

    1,891,358  
    2,110,000    

Fifth Third Bancorp 2.38%, 01/28/2025

    2,226,501  
   

Goldman Sachs Group, Inc.

 

    1,660,000    

2.88%, 10/31/2022, (2.88% fixed rate until 10/31/2021; 3 mo. USD LIBOR + 0.821% thereafter)(6)

    1,699,334  
    2,720,000    

2.91%, 07/24/2023, (2.91% fixed rate until 07/24/2022; 3 mo. USD LIBOR + 0.990% thereafter)(6)

    2,824,834  
    1,540,000    

3.81%, 04/23/2029, (3.81% fixed rate until 04/23/2028; 3 mo. USD LIBOR + 1.158% thereafter)(6)

    1,756,903  
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 32.7% - (continued)  
          Commercial Banks - 5.1% - (continued)  
$     1,165,000    

4.02%, 10/31/2038, (4.02% fixed rate until 10/31/2037; 3 mo. USD LIBOR + 1.373% thereafter)(6)

  $ 1,361,090  
    165,000    

6.25%, 02/01/2041

    247,256  
    2,680,000    

6.75%, 10/01/2037

    3,904,673  
    1,125,000    

HSBC Holdings plc 3.60%, 05/25/2023

    1,208,723  
    250,000    

Industrial & Commercial Bank of China Ltd.

1.00%, 05/21/2021, 3 mo. USD LIBOR + 0.750%(5)

    250,088  
   

JP Morgan Chase & Co.

 

    500,000    

2.96%, 05/13/2031, (2.96% fixed rate until 05/13/2030; 3 mo. USD SOFR + 2.515% thereafter)(6)

    532,474  
    1,095,000    

3.11%, 04/22/2041, (3.11% fixed rate until 04/22/2040; 3 mo. USD SOFR + 2.460% thereafter)(6)

    1,172,400  
    665,000    

3.11%, 04/22/2051, (3.11% fixed rate until 04/22/2050; 3 mo. USD SOFR + 2.440% thereafter)(6)

    702,495  
    3,765,000    

3.22%, 03/01/2025, (3.22% fixed rate until 03/01/2024; 3 mo. USD LIBOR + 1.155% thereafter)(6)

    4,053,113  
    1,785,000    

3.51%, 01/23/2029, (3.51% fixed rate until 01/23/2028; 3 mo. USD LIBOR + 0.945% thereafter)(6)

    2,004,015  
    2,290,000    

3.70%, 05/06/2030, (3.70% fixed rate until 05/06/2029; 3 mo. USD LIBOR + 1.160% thereafter)(6)

    2,615,172  
    1,570,000    

3.80%, 07/23/2024, (3.80% fixed rate until 07/23/2023; 3 mo. USD LIBOR + 0.890% thereafter)(6)

    1,701,479  
    6,955,000    

3.96%, 01/29/2027, (3.96% fixed rate until 01/29/2026; 3 mo. USD LIBOR + 1.245% thereafter)(6)

    7,924,937  
    1,285,000    

4.01%, 04/23/2029, (4.01% fixed rate until 04/23/2028; 3 mo. USD LIBOR + 1.120% thereafter)(6)

    1,491,036  
    2,000,000    

4.02%, 12/05/2024, (4.02% fixed rate until 12/05/2023; 3 mo. USD LIBOR + 1.000% thereafter)(6)

    2,202,907  
    1,795,000    

4.49%, 03/24/2031, (4.49% fixed rate until 03/24/2030; 3 mo. USD SOFR + 3.790% thereafter)(6)

    2,171,313  
   

Morgan Stanley

 

    1,030,000    

2.63%, 11/17/2021

    1,054,457  
    3,375,000    

2.70%, 01/22/2031, (2.70% fixed rate until 01/22/2030; 3 mo. USD SOFR + 1.143% thereafter)(6)

    3,596,968  
    3,135,000    

2.75%, 05/19/2022

    3,246,623  
    2,720,000    

3.59%, 07/22/2028, (3.59% fixed rate until 07/22/2027; 3 mo. USD LIBOR + 1.340% thereafter)(6)

    3,059,968  
    2,710,000    

4.00%, 07/23/2025

    3,079,817  
    1,250,000    

4.43%, 01/23/2030, (4.43% fixed rate until 01/23/2029; 3 mo. USD LIBOR + 1.628% thereafter)(6)

    1,497,918  
    595,000    

PNC Bank NA 2.70%, 10/22/2029

    637,901  
    2,725,000    

PNC Financial Services Group, Inc. 2.20%, 11/01/2024

    2,885,783  
    1,375,000    

Santander Holdings USA, Inc. 3.70%, 03/28/2022

    1,425,024  
    2,145,000    

State Street Corp. 2.35%, 11/01/2025, 3 mo. USD SOFR + 0.940%(2)

    2,270,913  
    6,280,000    

Truist Bank 2.25%, 03/11/2030

    6,458,421  
    1,620,000    

UBS Group AG 2.65%, 02/01/2022(1)

    1,664,728  
 

 

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

 

 

  155  

 


The Hartford Total Return Bond Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 32.7% - (continued)  
          Commercial Banks - 5.1% - (continued)  
$     2,275,000    

UniCredit S.p.A. 6.57%, 01/14/2022(1)

  $ 2,407,110  
   

Wells Fargo & Co.

 

    5,390,000    

2.41%, 10/30/2025, 3 mo. USD LIBOR + 0.825%

    5,685,462  
    1,615,000    

2.63%, 07/22/2022

    1,672,765  
    1,190,000    

3.00%, 04/22/2026

    1,296,161  
    1,555,000    

3.00%, 10/23/2026

    1,697,246  
    2,805,000    

3.07%, 01/24/2023

    2,889,786  
    2,715,000    

3.75%, 01/24/2024

    2,947,308  
    580,000    

4.90%, 11/17/2045

    729,678  
    925,000    

5.01%, 04/04/2051, 3 mo. USD LIBOR + 4.240%(3)

    1,251,418  
    410,000    

5.61%, 01/15/2044

    551,409  
     

 

 

 
        152,710,637  
     

 

 

 
          Commercial Services - 1.0%  
   

Ashtead Capital, Inc.

 

    210,000    

4.13%, 08/15/2025(1)

    215,685  
    5,335,000    

4.38%, 08/15/2027(1)

    5,588,413  
   

Equifax, Inc.

 

    1,255,000    

2.60%, 12/15/2025

    1,346,668  
    400,000    

3.10%, 05/15/2030

    432,292  
    950,000    

Gartner, Inc. 3.75%, 10/01/2030(1)

    971,470  
   

Global Payments, Inc.

 

    2,020,000    

2.90%, 05/15/2030

    2,147,544  
    910,000    

3.20%, 08/15/2029

    984,828  
   

Howard University, (AGM Insured)

 

    2,000,000    

2.70%, 10/01/2029

    2,003,279  
    1,205,000    

3.48%, 10/01/2041

    1,182,148  
    4,315,000    

IHS Markit Ltd. 4.13%, 08/01/2023

    4,689,369  
   

Service Corp. International

 

    3,905,000    

3.38%, 08/15/2030

    3,958,694  
    4,657,000    

5.13%, 06/01/2029

    5,089,309  
    205,000    

United Rentals North America, Inc. 4.00%, 07/15/2030

    209,121  
     

 

 

 
        28,818,820  
     

 

 

 
          Construction Materials - 0.1%  
   

Carrier Global Corp.

 

    1,830,000    

2.70%, 02/15/2031(1)

    1,918,599  
    750,000    

2.72%, 02/15/2030(1)

    782,788  
   

Standard Industries, Inc.

 

    830,000    

3.38%, 01/15/2031(1)

    807,867  
    125,000    

4.38%, 07/15/2030(1)

    128,750  
    145,000    

5.00%, 02/15/2027(1)

    149,531  
     

 

 

 
        3,787,535  
     

 

 

 
          Diversified Financial Services - 0.3%  
    2,245,000    

GE Capital Funding LLC 4.40%, 05/15/2030(1)

    2,453,886  
    905,000    

GE Capital International Funding Co. 4.42%, 11/15/2035

    978,606  
    250,000    

ICBCIL Finance Co., Ltd. 1.23%, 05/15/2021, 3 mo. USD LIBOR + 0.950%(2)(5)

    249,350  
    535,000    

Mastercard, Inc. 3.35%, 03/26/2030

    620,696  
   

Navient Corp.

 

    100,000    

5.88%, 03/25/2021

    101,000  
    70,000    

5.88%, 10/25/2024

    69,475  
    275,000    

6.63%, 07/26/2021

    280,500  
    270,000    

7.25%, 01/25/2022

    278,775  
    90,000    

7.25%, 09/25/2023

    94,388  
    4,450,000    

Power Finance Corp. Ltd. 3.95%, 04/23/2030(1)

    4,355,046  
     

 

 

 
        9,481,722  
     

 

 

 
          Electric - 2.8%  
    3,100,000    

AES Corp. 3.30%, 07/15/2025(1)

    3,365,112  
    1,480,000    

Alabama Power Co. 4.15%, 08/15/2044

    1,782,431  
   

Berkshire Hathaway Energy Co.

 

    865,000    

1.65%, 05/15/2031(1)

    855,780  
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 32.7% - (continued)  
          Electric - 2.8% - (continued)  
$     1,700,000    

3.25%, 04/15/2028

  $ 1,909,900  
    260,000    

4.25%, 10/15/2050(1)

    321,894  
    1,020,000    

Centrais Eletricas Brasileiras S.A. 3.63%, 02/04/2025(1)

    1,019,500  
   

Cleco Corporate Holdings LLC

 

    1,105,000    

3.38%, 09/15/2029

    1,117,346  
    1,173,000    

3.74%, 05/01/2026

    1,239,305  
    70,000    

4.97%, 05/01/2046

    77,920  
   

Commonwealth Edison Co.

 

    1,735,000    

3.65%, 06/15/2046

    2,009,281  
    360,000    

4.00%, 03/01/2048

    434,397  
    365,000    

Connecticut Light & Power Co. 4.00%, 04/01/2048

    457,388  
    400,000    

Dominion Energy South Carolina, Inc. 5.10%, 06/01/2065

    596,232  
    1,495,000    

Dominion Energy, Inc. 3.38%, 04/01/2030

    1,686,633  
    575,000    

Duke Energy Carolinas LLC 4.25%, 12/15/2041

    706,807  
    1,185,000    

Duke Energy Florida LLC 3.40%, 10/01/2046

    1,331,141  
    1,215,000    

Duke Energy Indiana LLC 3.25%, 10/01/2049

    1,318,717  
    1,435,000    

Duke Energy Progress LLC 4.38%, 03/30/2044

    1,801,045  
    690,000    

Evergy Metro, Inc. 2.25%, 06/01/2030

    727,702  
   

Evergy, Inc.

 

    710,000    

2.45%, 09/15/2024

    752,461  
    2,010,000    

2.90%, 09/15/2029

    2,138,846  
   

Exelon Corp.

 

    370,000    

2.45%, 04/15/2021

    372,649  
    2,095,000    

3.95%, 06/15/2025

    2,357,166  
   

FirstEnergy Corp.

 

    350,000    

1.60%, 01/15/2026

    340,796  
    1,885,000    

2.25%, 09/01/2030

    1,779,417  
    600,000    

2.65%, 03/01/2030

    586,830  
    350,000    

Florida Power & Light Co. 3.99%, 03/01/2049

    443,589  
   

Georgia Power Co.

 

    2,745,000    

2.10%, 07/30/2023

    2,867,328  
    1,590,000    

4.30%, 03/15/2042

    1,895,215  
   

IPALCO Enterprises, Inc.

 

    1,230,000    

3.70%, 09/01/2024

    1,336,342  
    5,345,000    

4.25%, 05/01/2030(1)

    6,000,552  
    2,305,000    

ITC Holdings Corp. 2.95%, 05/14/2030(1)

    2,469,414  
   

MidAmerican Energy Co.

 

    900,000    

3.15%, 04/15/2050

    990,426  
    370,000    

3.65%, 08/01/2048

    432,598  
    2,075,000    

NextEra Energy Capital Holdings, Inc. 2.25%, 06/01/2030

    2,149,801  
   

Oglethorpe Power Corp.

 

    355,000    

3.75%, 08/01/2050(1)

    357,072  
    1,425,000    

5.05%, 10/01/2048

    1,662,660  
   

Oncor Electric Delivery Co. LLC

 

    350,000    

3.10%, 09/15/2049

    383,925  
    495,000    

5.75%, 03/15/2029

    645,860  
    4,630,000    

Pacific Gas and Electric Co. 2.50%, 02/01/2031

    4,377,482  
   

PacifiCorp

 
    394,000    

4.13%, 01/15/2049

    484,653  
    350,000    

4.15%, 02/15/2050

    429,842  
    385,000    

Public Service Electric & Gas Co. 3.80%, 03/01/2046

    459,911  
   

Public Service Enterprise Group, Inc.

 

    4,050,000    

1.60%, 08/15/2030

    3,939,808  
    1,630,000    

2.88%, 06/15/2024

    1,752,002  
   

Puget Energy, Inc.

 

    1,925,000    

3.65%, 05/15/2025

    2,139,496  
    2,520,000    

4.10%, 06/15/2030(1)

    2,816,508  
    210,000    

Sempra Energy 4.00%, 02/01/2048

    237,102  
   

Southern California Edison Co.

 

    605,000    

2.25%, 06/01/2030

    610,647  
    2,570,000    

2.85%, 08/01/2029

    2,698,702  
 

 

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

 

 

  156  

 


The Hartford Total Return Bond Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 32.7% - (continued)  
          Electric - 2.8% - (continued)  
$     1,190,000    

3.65%, 02/01/2050

  $ 1,242,467  
    506,000    

4.00%, 04/01/2047

    545,788  
    299,000    

4.13%, 03/01/2048

    330,161  
   

Southern Co.

 

    490,000    

2.95%, 07/01/2023

    518,908  
    1,520,000    

3.25%, 07/01/2026

    1,694,223  
    4,215,000    

3.70%, 04/30/2030

    4,783,748  
    30,000    

4.40%, 07/01/2046

    35,890  
    370,000    

Union Electric Co. 4.00%, 04/01/2048

    445,857  
    315,000    

Xcel Energy, Inc. 3.50%, 12/01/2049

    348,645  
     

 

 

 
        82,613,318  
     

 

 

 
          Engineering & Construction - 0.1%  
    3,611,614    

International Airport Finance S.A. 12.00%, 03/15/2033(1)

    3,223,365  
     

 

 

 
          Entertainment - 0.1%  
    1,375,000    

GLP Capital L.P. / GLP Financing II, Inc. 5.30%, 01/15/2029

    1,535,243  
    310,000    

WMG Acquisition Corp. 3.88%, 07/15/2030(1)

    312,032  
     

 

 

 
        1,847,275  
     

 

 

 
          Environmental Control - 0.2%  
   

Clean Harbors, Inc.

 

    5,893,000    

4.88%, 07/15/2027(1)

    6,158,185  
    105,000    

5.13%, 07/15/2029(1)

    114,128  
    280,000    

Waste Management, Inc. 4.15%, 07/15/2049

    354,550  
     

 

 

 
        6,626,863  
     

 

 

 
          Food - 0.5%  
   

Conagra Brands, Inc.

 

    2,825,000    

1.38%, 11/01/2027

    2,801,372  
    655,000    

4.30%, 05/01/2024

    729,194  
    940,000    

4.60%, 11/01/2025

    1,092,564  
    1,068,000    

4.85%, 11/01/2028

    1,310,473  
    330,000    

5.40%, 11/01/2048

    451,452  
    1,445,000    

Kellogg Co. 3.40%, 11/15/2027

    1,616,728  
   

Kraft Heinz Foods Co.

 

    45,000    

3.75%, 04/01/2030(1)

    47,281  
    115,000    

4.25%, 03/01/2031(1)

    124,792  
    5,000    

4.63%, 01/30/2029

    5,578  
    2,260,000    

Minerva Luxembourg S.A. 6.50%, 09/20/2026(5)

    2,350,423  
    1,735,000    

Mondelez International, Inc. 1.50%, 02/04/2031

    1,685,378  
    2,745,000    

NBM U.S. Holdings, Inc. 7.00%, 05/14/2026(1)

    2,912,445  
    285,000    

TreeHouse Foods, Inc. 6.00%, 02/15/2024(1)

    290,344  
     

 

 

 
        15,418,024  
     

 

 

 
          Food Service - 0.0%  
    255,000    

Aramark Services, Inc. 5.00%, 02/01/2028(1)

    257,259  
     

 

 

 
          Forest Products & Paper - 0.1%  
    3,690,000    

Suzano Austria GmbH 5.00%, 01/15/2030

    4,044,240  
     

 

 

 
          Gas - 0.4%  
   

AmeriGas Partners L.P. / AmeriGas Finance Corp.

 

    40,000    

5.63%, 05/20/2024

    42,500  
    365,000    

5.88%, 08/20/2026

    399,810  
    1,210,000    

Dominion Energy Gas Holdings LLC 2.50%, 11/15/2024

    1,284,140  
   

NiSource, Inc.

 

    2,015,000    

3.49%, 05/15/2027

    2,229,295  
    3,515,000    

3.60%, 05/01/2030

    3,992,629  
   

Sempra Energy

 

    1,680,000    

3.40%, 02/01/2028

    1,829,739  
    1,110,000    

3.80%, 02/01/2038

    1,237,917  
     

 

 

 
        11,016,030  
     

 

 

 
          Healthcare - Products - 0.7%  
   

Alcon Finance Corp.

 

    2,615,000    

2.75%, 09/23/2026(1)

    2,833,170  
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 32.7% - (continued)  
          Healthcare - Products - 0.7% - (continued)  
$     1,120,000    

3.00%, 09/23/2029(1)

  $ 1,206,747  
    1,070,000    

Baxter International, Inc. 3.95%, 04/01/2030(1)

    1,267,612  
    3,425,000    

Becton Dickinson and Co. 3.36%, 06/06/2024

    3,692,113  
   

Boston Scientific Corp.

 

    1,820,000    

1.90%, 06/01/2025

    1,893,751  
    4,120,000    

3.75%, 03/01/2026

    4,671,785  
    685,000    

Hill-Rom Holdings, Inc. 4.38%, 09/15/2027(1)

    708,119  
    285,000    

Teleflex, Inc. 4.25%, 06/01/2028(1)

    297,825  
    190,000    

Thermo Fisher Scientific, Inc. 3.00%, 04/15/2023

    200,998  
    4,125,000    

Zimmer Biomet Holdings, Inc. 3.05%, 01/15/2026

    4,487,777  
     

 

 

 
        21,259,897  
     

 

 

 
          Healthcare - Services - 0.7%  
   

Anthem, Inc.

 

    1,895,000    

3.50%, 08/15/2024

    2,069,456  
    720,000    

4.63%, 05/15/2042

    895,993  
   

Centene Corp.

 

    80,000    

3.38%, 02/15/2030

    83,100  
    75,000    

4.25%, 12/15/2027

    78,952  
    1,920,000    

4.63%, 12/15/2029

    2,090,371  
    335,000    

CommonSpirit Health 3.35%, 10/01/2029

    349,743  
    650,000    

HCA, Inc. 5.63%, 09/01/2028

    756,567  
    1,140,000    

Quest Diagnostics, Inc. 2.80%, 06/30/2031

    1,220,949  
    5,555,000    

Rede D’or Finance S.a.r.l. 4.50%, 01/22/2030(1)

    5,464,731  
   

UnitedHealth Group, Inc.

 

    1,835,000    

2.00%, 05/15/2030

    1,909,496  
    1,335,000    

2.38%, 08/15/2024

    1,420,338  
    1,280,000    

2.88%, 08/15/2029

    1,418,315  
    1,165,000    

3.50%, 08/15/2039

    1,336,481  
    535,000    

4.75%, 07/15/2045

    725,640  
     

 

 

 
        19,820,132  
     

 

 

 
          Home Builders - 0.3%  
    530,000    

Lennar Corp. 4.75%, 11/29/2027

    606,850  
    7,390,000    

PulteGroup, Inc. 5.50%, 03/01/2026

    8,535,450  
    475,000    

Toll Brothers Finance Corp. 4.88%, 11/15/2025

    526,062  
     

 

 

 
        9,668,362  
     

 

 

 
          Household Products/Wares - 0.0%  
    295,000    

Kimberly-Clark Corp. 3.10%, 03/26/2030

    336,301  
     

 

 

 
          Insurance - 1.1%  
    5,475,000    

American International Group, Inc. 2.50%, 06/30/2025

    5,869,584  
    1,580,000    

Aon Corp. 2.20%, 11/15/2022

    1,635,545  
    6,690,000    

Brighthouse Financial, Inc. 5.63%, 05/15/2030

    7,897,372  
   

Genworth Holdings, Inc.

 

    10,000    

4.80%, 02/15/2024

    9,150  
    350,000    

4.90%, 08/15/2023

    323,750  
   

Marsh & McLennan Cos., Inc.

 

    1,275,000    

3.88%, 03/15/2024

    1,406,347  
    1,290,000    

4.38%, 03/15/2029

    1,552,112  
    1,025,000    

4.75%, 03/15/2039

    1,349,687  
    282,000    

Massachusetts Mutual Life Insurance Co.
3.73%, 10/15/2070(1)

    287,634  
    380,000    

MGIC Investment Corp. 5.75%, 08/15/2023

    404,700  
    2,730,000    

New York Life Global Funding 2.00%, 01/22/2025(1)

    2,864,060  
    415,000    

New York Life Insurance Co. 3.75%, 05/15/2050(1)

    462,871  
    1,390,000    

Progressive Corp. 3.20%, 03/26/2030

    1,585,037  
   

Unum Group

 

    595,000    

4.00%, 06/15/2029

    651,983  
    1,610,000    

4.50%, 03/15/2025

    1,790,388  
    1,360,000    

4.50%, 12/15/2049

    1,333,724  
 

 

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

 

 

  157  

 


The Hartford Total Return Bond Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 32.7% - (continued)  
          Insurance - 1.1% - (continued)  
$     45,000    

Voya Financial, Inc. 4.80%, 06/15/2046

  $ 54,906  
   

Willis North America, Inc.

 

    720,000    

2.95%, 09/15/2029

    783,993  
    795,000    

3.60%, 05/15/2024

    867,430  
    2,135,000    

4.50%, 09/15/2028

    2,552,172  
     

 

 

 
    33,682,445  
     

 

 

 
      Internet - 0.7%  
 

Alibaba Group Holding Ltd.

 

    2,680,000    

3.40%, 12/06/2027

    2,990,183  
    200,000    

4.20%, 12/06/2047

    247,505  
 

Amazon.com, Inc.

 

    1,420,000    

1.50%, 06/03/2030

    1,436,455  
    2,030,000    

3.88%, 08/22/2037

    2,489,842  
    5,200,000    

NortonLifeLock, Inc. 5.00%, 04/15/2025(1)

    5,295,992  
 

Tencent Holdings Ltd.

 

    2,045,000    

1.81%, 01/26/2026(1)

    2,073,422  
    2,275,000    

2.39%, 06/03/2030(1)

    2,303,107  
    1,105,000    

3.60%, 01/19/2028(1)

    1,207,959  
    1,320,000    

3.98%, 04/11/2029(1)

    1,486,550  
     

 

 

 
    19,531,015  
     

 

 

 
      Iron/Steel - 0.3%  
    285,000    

Commercial Metals Co. 5.38%, 07/15/2027

    297,113  
EUR     1,985,000    

Metinvest B.V. 5.63%, 06/17/2025(1)

    2,160,452  
$     1,995,000    

Steel Dynamics, Inc. 2.80%, 12/15/2024

    2,116,846  
    3,585,000    

Vale Overseas Ltd. 3.75%, 07/08/2030

    3,774,969  
     

 

 

 
    8,349,380  
     

 

 

 
      IT Services - 0.9%  
 

Apple, Inc.

 

    2,840,000    

1.13%, 05/11/2025

    2,893,834  
    1,775,000    

2.20%, 09/11/2029

    1,896,546  
    595,000    

2.65%, 05/11/2050

    600,186  
    505,000    

3.45%, 02/09/2045

    592,292  
    355,000    

4.38%, 05/13/2045

    470,056  
    4,706,000    

Booz Allen Hamilton, Inc. 3.88%, 09/01/2028(1)

    4,776,590  
 

HP, Inc.

 

    1,365,000    

2.20%, 06/17/2025

    1,428,841  
    1,365,000    

3.00%, 06/17/2027

    1,467,679  
 

IBM Corp.

 

    1,800,000    

3.00%, 05/15/2024

    1,945,732  
    2,840,000    

3.50%, 05/15/2029

    3,246,704  
    275,000    

4.25%, 05/15/2049

    339,621  
    250,000    

IBM Credit LLC 0.73%, 11/30/2020,
3 mo. USD LIBOR + 0.47%(2)

    250,080  
 

International Business Machines Corp.

 

    3,630,000    

1.95%, 05/15/2030

    3,687,103  
    1,185,000    

2.95%, 05/15/2050

    1,197,668  
    1,370,000    

Leidos, Inc. 3.63%, 05/15/2025(1)

    1,516,343  
     

 

 

 
    26,309,275  
     

 

 

 
      Lodging - 0.2%  
 

Hilton Domestic Operating Co., Inc.

 

    3,698,000    

4.25%, 09/01/2024

    3,677,661  
    170,000    

5.38%, 05/01/2025(1)

    175,674  
    1,210,000    

Las Vegas Sands Corp. 3.50%, 08/18/2026

    1,224,761  
     

 

 

 
    5,078,096  
     

 

 

 
      Machinery - Construction & Mining - 0.0%  
    145,000    

BWX Technologies, Inc. 5.38%, 07/15/2026(1)

    150,311  
     

 

 

 
          Machinery - Diversified - 0.4%  
   

John Deere Capital Corp.

 

    725,000    

1.20%, 04/06/2023

    738,594  
    820,000    

1.75%, 03/09/2027

    851,986  
    8,840,000    

Otis Worldwide Corp. 2.57%, 02/15/2030

    9,410,356  
     

 

 

 
        11,000,936  
     

 

 

 
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 32.7% - (continued)  
          Media - 2.1%  
   

CCO Holdings LLC / CCO Holdings Capital Corp.

 

$     1,410,000    

4.25%, 02/01/2031(1)

  $ 1,444,954  
    783,000    

4.50%, 08/15/2030(1)

    813,737  
    30,000    

5.13%, 05/01/2027(1)

    31,500  
    170,000    

5.75%, 02/15/2026(1)

    176,232  
   

Charter Communications Operating LLC / Charter Communications Operating Capital

 
    1,305,000    

4.80%, 03/01/2050

    1,486,655  
    1,225,000    

5.13%, 07/01/2049

    1,432,126  
    465,000    

5.75%, 04/01/2048

    580,418  
    5,280,000    

6.48%, 10/23/2045

    7,121,722  
    1,060,000    

6.83%, 10/23/2055

    1,498,113  
   

Comcast Corp.

 

    545,000    

3.20%, 07/15/2036

    607,594  
    2,055,000    

3.25%, 11/01/2039

    2,284,751  
    365,000    

3.40%, 07/15/2046

    402,497  
    2,705,000    

3.75%, 04/01/2040

    3,148,537  
    40,000    

4.05%, 11/01/2052

    49,026  
    630,000    

4.60%, 10/15/2038

    802,890  
    830,000    

4.65%, 07/15/2042

    1,078,016  
    740,000    

4.70%, 10/15/2048

    987,432  
    245,000    

4.75%, 03/01/2044

    322,299  
    700,000    

4.95%, 10/15/2058

    1,010,275  
    4,245,000    

Cox Communications, Inc. 3.15%, 08/15/2024(1)

    4,573,659  
   

CSC Holdings LLC

 

    5,695,000    

3.38%, 02/15/2031(1)

    5,477,223  
    200,000    

5.38%, 02/01/2028(1)

    212,500  
    310,000    

5.50%, 04/15/2027(1)

    326,662  
   

Discovery Communications LLC

 

    948,000    

3.80%, 03/13/2024

    1,031,806  
    2,000    

3.95%, 06/15/2025

    2,239  
    1,060,000    

3.95%, 03/20/2028

    1,193,166  
    2,255,000    

4.00%, 09/15/2055(1)

    2,291,892  
    954,000    

5.30%, 05/15/2049

    1,147,259  
    505,000    

DISH DBS Corp. 5.88%, 11/15/2024

    508,048  
    1,104,000    

NBCUniversal Media LLC 5.95%, 04/01/2041

    1,638,991  
   

Time Warner Cable LLC

 

    1,287,000    

4.50%, 09/15/2042

    1,398,074  
    890,000    

6.55%, 05/01/2037

    1,162,803  
    1,910,000    

Time Warner Entertainment Co. L.P. 8.38%, 07/15/2033

    2,919,857  
   

ViacomCBS, Inc.

 

    1,070,000    

4.20%, 05/19/2032

    1,231,053  
    7,815,000    

4.95%, 01/15/2031

    9,492,319  
    45,000    

5.88%, 02/28/2057, 3 mo. USD LIBOR + 3.895%(3)

    45,450  
    50,000    

6.25%, 02/28/2057, 3 mo. USD LIBOR + 3.899%(3)

    54,375  
   

Videotron Ltd.

 

    190,000    

5.13%, 04/15/2027(1)

    200,925  
    480,000    

5.38%, 06/15/2024(1)

    522,000  
    2,555,000    

Walt Disney Co. 2.65%, 01/13/2031

    2,747,103  
     

 

 

 
        63,456,178  
     

 

 

 
          Mining - 0.2%  
   

Anglo American Capital plc

 

    1,855,000    

2.63%, 09/10/2030(1)

    1,856,398  
    400,000    

4.50%, 03/15/2028(1)

    452,634  
    2,510,000    

4.88%, 05/14/2025(1)

    2,854,520  
    1,570,000    

5.63%, 04/01/2030(1)

    1,929,677  
    250,000    

Kaiser Aluminum Corp. 4.63%, 03/01/2028(1)

    246,250  
     

 

 

 
        7,339,479  
     

 

 

 
          Miscellaneous Manufacturing - 0.1%  
    505,000    

3M Co. 3.05%, 04/15/2030

    569,622  
    1,625,000    

General Electric Co. 3.63%, 05/01/2030

    1,716,066  
 

 

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

 

 

  158  

 


The Hartford Total Return Bond Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 32.7% - (continued)  
          Miscellaneous Manufacturing - 0.1% - (continued)  
$     810,000    

Ingersoll-Rand Global Holding Co., Ltd.
2.90%, 02/21/2021

  $ 816,052  
    385,000    

Ingersoll-Rand Luxembourg Finance S.A.
4.50%, 03/21/2049

    490,090  
     

 

 

 
        3,591,830  
     

 

 

 
          Office/Business Equipment - 0.1%  
   

CDW LLC / CDW Finance Corp.

 

    3,550,000    

3.25%, 02/15/2029

    3,545,562  
    320,000    

4.13%, 05/01/2025

    332,634  
    250,000    

4.25%, 04/01/2028

    258,209  
     

 

 

 
        4,136,405  
     

 

 

 
          Oil & Gas - 0.9%  
    150,000    

Aker BP ASA 5.88%, 03/31/2025(1)

    154,836  
    310,000    

Apache Corp. 4.88%, 11/15/2027

    290,935  
    1,150,000    

BP Capital Markets America, Inc. 3.63%, 04/06/2030

    1,294,883  
   

Equinor ASA

 

    2,500,000    

1.75%, 01/22/2026

    2,593,619  
    1,420,000    

3.63%, 04/06/2040

    1,603,124  
    945,000    

3.70%, 04/06/2050

    1,050,947  
    2,125,000    

Exxon Mobil Corp. 4.23%, 03/19/2040

    2,547,649  
   

Hess Corp.

 

    76,000    

6.00%, 01/15/2040

    84,294  
    606,000    

7.13%, 03/15/2033

    730,397  
    1,010,000    

7.30%, 08/15/2031

    1,231,323  
    3,025,000    

Marathon Petroleum Corp. 4.70%, 05/01/2025

    3,346,847  
   

Ovintiv, Inc.

 

    55,000    

6.50%, 08/15/2034

    51,647  
    50,000    

6.50%, 02/01/2038

    45,703  
    13,000    

7.20%, 11/01/2031

    12,893  
    102,000    

7.38%, 11/01/2031

    102,646  
    1,310,000    

Phillips 66 2.15%, 12/15/2030

    1,230,053  
    285,000    

QEP Resources, Inc. 5.25%, 05/01/2023

    226,575  
    849,000    

Saudi Arabian Oil Co. 2.88%, 04/16/2024(1)

    889,629  
   

SM Energy Co.

 

    130,000    

6.13%, 11/15/2022

    98,150  
    140,000    

6.75%, 09/15/2026

    53,900  
    360,000    

Sunoco L.P. / Sunoco Finance Corp. 5.50%, 02/15/2026

    360,675  
    1,870,000    

Tullow Oil plc 7.00%, 03/01/2025(1)

    977,075  
   

Valero Energy Corp.

 

    3,620,000    

2.15%, 09/15/2027

    3,457,464  
    937,000    

4.00%, 04/01/2029

    977,987  
    1,395,000    

4.90%, 03/15/2045

    1,408,958  
    73,000    

WPX Energy, Inc. 5.25%, 09/15/2024

    75,555  
ARS     81,010,352    

YPF S.A. 16.50%, 05/09/2022(1)

    671,906  
     

 

 

 
    25,569,670  
     

 

 

 
      Oil & Gas Services - 0.2%  
$     5,680,000    

Borets Finance DAC 6.00%, 09/17/2026(1)

    5,699,880  
    890,000    

Halliburton Co. 4.85%, 11/15/2035

    934,522  
     

 

 

 
    6,634,402  
     

 

 

 
      Packaging & Containers - 0.3%  
    430,000    

Ardagh Packaging Finance plc / Ardagh Holdings USA, Inc. 4.13%, 08/15/2026(1)

    438,600  
    5,150,000    

Ball Corp. 4.00%, 11/15/2023

    5,439,095  
    1,775,000    

Mondelez International, Inc.
1.50%, 05/04/2025

    1,822,839  
    620,000    

Owens-Brockway Glass Container, Inc.
5.88%, 08/15/2023(1)

    652,318  
    22,000    

Reynolds Group Issuer, Inc. / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu
5.13%, 07/15/2023(1)

    22,275  
     

 

 

 
    8,375,127  
     

 

 

 
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 32.7% - (continued)  
      Pharmaceuticals - 1.3%  
 

AbbVie, Inc.

 

$     2,605,000    

2.95%, 11/21/2026(1)

  $ 2,844,865  
    2,330,000    

3.20%, 11/21/2029(1)

    2,549,306  
    2,130,000    

4.25%, 11/21/2049(1)

    2,487,642  
    1,020,000    

4.63%, 10/01/2042(1)

    1,226,881  
 

Bausch Health Cos., Inc.

 

    460,000    

5.75%, 08/15/2027(1)

    493,350  
    95,000    

7.00%, 03/15/2024(1)

    98,444  
    77,000    

Baxalta, Inc. 3.60%, 06/23/2022

    80,324  
 

Bayer U.S. Finance LLC

 

    2,580,000    

4.25%, 12/15/2025(1)

    2,931,387  
    605,000    

4.88%, 06/25/2048(1)

    727,580  
    1,910,000    

Becton Dickinson and Co. 2.82%, 05/20/2030

    2,041,347  
 

CVS Health Corp.

 

    2,680,000    

4.13%, 04/01/2040

    3,041,737  
    580,000    

5.05%, 03/25/2048

    735,603  
    1,670,000    

5.13%, 07/20/2045

    2,113,782  
    3,015,000    

GlaxoSmithKline Capital, Inc. 3.63%, 05/15/2025

    3,379,385  
 

Pfizer, Inc.

 

    1,920,000    

1.70%, 05/28/2030

    1,966,439  
    1,105,000    

2.63%, 04/01/2030

    1,215,496  
    2,505,000    

Prestige Auto Receivables Trust 1.62%, 11/16/2026(1)

    2,502,698  
    395,000    

Shire Acquisitions Investments Ireland DAC
2.40%, 09/23/2021

    401,368  
 

Takeda Pharmaceutical Co., Ltd.

 

    1,065,000    

2.05%, 03/31/2030

    1,071,921  
    1,720,000    

3.03%, 07/09/2040

    1,768,572  
    545,000    

3.18%, 07/09/2050

    553,517  
    3,670,000    

Teva Pharmaceutical Finance Netherlands B.V.
3.15%, 10/01/2026

    3,229,600  
 

Upjohn, Inc.

 

    860,000    

1.65%, 06/22/2025(1)

    878,110  
    680,000    

2.30%, 06/22/2027(1)

    703,380  
     

 

 

 
    39,042,734  
     

 

 

 
          Pipelines - 1.2%  
    270,000    

Cheniere Corpus Christi Holdings LLC
5.88%, 03/31/2025

    305,566  
    55,000    

Cheniere Energy Partners L.P. 4.50%, 10/01/2029

    56,074  
   

DCP Midstream Operating L.P.

 

    100,000    

3.88%, 03/15/2023

    99,500  
    200,000    

4.95%, 04/01/2022

    203,000  
    70,000    

5.60%, 04/01/2044(8)

    60,900  
   

Energy Transfer Operating L.P.

 

    1,340,000    

3.75%, 05/15/2030

    1,314,863  
    1,280,000    

4.95%, 06/15/2028

    1,375,459  
    1,420,000    

5.25%, 04/15/2029

    1,538,432  
    2,710,000    

6.13%, 12/15/2045

    2,756,196  
    515,000    

6.25%, 04/15/2049

    543,808  
    145,000    

EQM Midstream Partners L.P. 6.50%, 07/01/2027(1)

    152,075  
    7,410,000    

Galaxy Pipeline Assets Bidco Ltd. 2.63%, 03/31/2036(1)

    7,354,351  
    2,245,000    

Kinder Morgan Energy Partners L.P. 3.50%, 03/01/2021

    2,255,906  
   

MPLX L.P.

 

    945,000    

1.75%, 03/01/2026

    939,785  
    40,000    

4.00%, 02/15/2025

    43,474  
    130,000    

4.13%, 03/01/2027

    142,319  
    1,240,000    

4.25%, 12/01/2027

    1,374,682  
    1,315,000    

4.70%, 04/15/2048

    1,302,518  
    265,000    

5.20%, 03/01/2047

    278,559  
    230,000    

5.20%, 12/01/2047

    238,304  
 

 

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

 

 

  159  

 


The Hartford Total Return Bond Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 32.7% - (continued)  
          Pipelines - 1.2% - (continued)  
$     195,000    

5.50%, 02/15/2049

  $ 216,122  
   

ONEOK, Inc.

 

    325,000    

3.10%, 03/15/2030

    311,935  
    240,000    

4.00%, 07/13/2027

    248,064  
    1,070,000    

4.45%, 09/01/2049

    944,673  
    1,155,000    

5.85%, 01/15/2026

    1,313,450  
    2,100,000    

Sabine Pass Liquefaction LLC 4.50%, 05/15/2030(1)

    2,349,313  
   

Sunoco Logistics Partners Operations L.P.

 

    1,750,000    

4.00%, 10/01/2027

    1,789,680  
    165,000    

5.30%, 04/01/2044

    155,059  
    320,000    

Targa Resources Partners L.P. / Targa Resources Partners Finance Corp. 4.88%, 02/01/2031(1)

    312,291  
   

TransCanada PipeLines Ltd.

 

    2,305,000    

4.10%, 04/15/2030

    2,612,866  
    1,090,000    

4.63%, 03/01/2034

    1,259,361  
    360,000    

Western Midstream Operating L.P. 5.05%, 02/01/2030

    341,519  
   

Williams Cos., Inc.

 

    75,000    

4.90%, 01/15/2045

    79,876  
    145,000    

5.10%, 09/15/2045

    161,526  
    275,000    

5.80%, 11/15/2043

    317,410  
    255,000    

6.30%, 04/15/2040

    308,816  
     

 

 

 
        35,057,732  
     

 

 

 
          Real Estate Investment Trusts - 0.7%  
   

American Tower Corp.

 

    1,235,000    

2.10%, 06/15/2030

    1,240,525  
    1,140,000    

2.40%, 03/15/2025

    1,206,329  
    2,995,000    

Brixmor Operating Partnership L.P. 4.05%, 07/01/2030

    3,237,009  
    400,000    

Equinix, Inc. 1.80%, 07/15/2027

    406,258  
   

GLP Capital L.P. / GLP Financing II, Inc.

 

    2,720,000    

4.00%, 01/15/2031

    2,843,923  
    1,605,000    

5.75%, 06/01/2028

    1,825,591  
   

SBA Tower Trust

 

    2,245,000    

2.84%, 01/15/2050(1)

    2,378,522  
    4,130,000    

3.17%, 04/09/2047(1)

    4,177,345  
    2,040,000    

3.45%, 03/15/2048(1)

    2,172,239  
    570,000    

VEREIT Operating Partnership L.P. 3.40%, 01/15/2028

    598,126  
    145,000    

VICI Properties L.P. / VICI Note Co., Inc.
4.25%, 12/01/2026(1)

    147,443  
     

 

 

 
        20,233,310  
     

 

 

 
          Retail - 0.9%  
   

1011778 BC ULC / New Red Finance, Inc.

 

    880,000    

3.88%, 01/15/2028(1)

    886,600  
    150,000    

4.25%, 05/15/2024(1)

    153,075  
   

Alimentation Couche-Tard, Inc.

 

    1,220,000    

2.95%, 01/25/2030(1)

    1,299,831  
    320,000    

3.80%, 01/25/2050(1)

    347,371  
    2,100,000    

AutoZone, Inc. 3.63%, 04/15/2025

    2,332,242  
    698,000    

FirstCash, Inc. 4.63%, 09/01/2028(1)

    708,470  
    4,375,000    

Home Depot, Inc. 3.30%, 04/15/2040

    4,975,011  
    330,000    

Lithia Motors, Inc. 4.63%, 12/15/2027(1)

    347,358  
   

Lowe’s Cos., Inc.

 

    4,975,000    

1.70%, 10/15/2030

    4,952,814  
    2,660,000    

3.38%, 09/15/2025

    2,959,038  
    210,000    

3.70%, 04/15/2046

    238,485  
   

McDonald’s Corp.

 

    1,495,000    

3.35%, 04/01/2023

    1,591,721  
    2,350,000    

3.63%, 09/01/2049

    2,617,828  
    750,000    

4.20%, 04/01/2050

    908,603  
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 32.7% - (continued)  
          Retail - 0.9% - (continued)  
$     285,000    

Suburban Propane Partners L.P. / Suburban Energy Finance Corp. 5.88%, 03/01/2027

  $ 293,550  
    435,000    

United Rentals North America, Inc. 4.88%, 01/15/2028

    456,750  
    1,005,000    

William Carter Co. 5.63%, 03/15/2027(1)

    1,054,622  
     

 

 

 
        26,123,369  
     

 

 

 
          Savings & Loans - 0.0%  
    1,190,000    

State Street Corp. 1.00%, 03/30/2026

    1,291,318  
     

 

 

 
          Semiconductors - 1.0%  
    595,000    

Broadcom Corp. / Broadcom Cayman Finance Ltd. 3.88%, 01/15/2027

    656,809  
   

Broadcom, Inc.

 

    870,000    

4.25%, 04/15/2026

    978,019  
    6,950,000    

5.00%, 04/15/2030

    8,175,223  
   

Entegris, Inc.

 

    540,000    

4.38%, 04/15/2028(1)

    561,600  
    250,000    

4.63%, 02/10/2026(1)

    256,875  
   

Intel Corp.

 

    1,095,000    

3.10%, 02/15/2060

    1,164,165  
    840,000    

4.10%, 05/19/2046

    1,046,740  
   

Microchip Technology, Inc.

 

    3,640,000    

2.67%, 09/01/2023(1)

    3,777,138  
    110,000    

4.25%, 09/01/2025(1)

    114,199  
    2,015,000    

NVIDIA Corp. 3.50%, 04/01/2040

    2,335,138  
   

NXP B.V. / NXP Funding LLC

 

    900,000    

4.63%, 06/01/2023(1)

    986,779  
    3,087,000    

4.88%, 03/01/2024(1)

    3,458,317  
    1,131,000    

5.35%, 03/01/2026(1)

    1,335,532  
    1,205,000    

5.55%, 12/01/2028(1)

    1,487,512  
 

NXP B.V. / NXP Funding LLC / NXP USA, Inc.

 

    40,000    

3.15%, 05/01/2027(1)

    43,303  
    127,000    

4.30%, 06/18/2029(1)

    147,293  
    245,000    

Qorvo, Inc. 3.38%, 04/01/2031(1)

    248,063  
 

QUALCOMM, Inc.

 

    596,000    

4.65%, 05/20/2035

    782,040  
    1,459,000    

4.80%, 05/20/2045

    1,964,208  
    300,000    

Sensata Technologies B.V. 5.00%, 10/01/2025(1)

    327,493  
    211,000    

Sensata Technologies UK Financing Co. plc
6.25%, 02/15/2026(1)

    218,385  
     

 

 

 
    30,064,831  
     

 

 

 
      Software - 1.2%  
    4,215,000    

Black Knight InfoServ LLC 3.63%, 09/01/2028(1)

    4,267,687  
 

CDK Global, Inc.

 

    150,000    

4.88%, 06/01/2027

    155,449  
    415,000    

5.25%, 05/15/2029(1)

    445,170  
    30,000    

5.88%, 06/15/2026

    31,238  
    349,000    

Fair Isaac Corp. 4.00%, 06/15/2028(1)

    360,779  
 

Fidelity National Information Services, Inc.

 

    1,936,000    

3.75%, 05/21/2029

    2,230,926  
    490,000    

4.25%, 05/15/2028

    575,013  
 

Fiserv, Inc.

 

    7,535,000    

2.25%, 06/01/2027

    7,916,045  
    1,560,000    

3.20%, 07/01/2026

    1,727,187  
    840,000    

IQVIA, Inc. 5.00%, 05/15/2027(1)

    879,900  
 

Microsoft Corp.

 

    179,000    

2.68%, 06/01/2060

    182,765  
    830,000    

3.70%, 08/08/2046

    1,020,012  
    1,221,000    

3.95%, 08/08/2056

    1,567,098  
 

MSCI, Inc.

 

    45,000    

3.63%, 09/01/2030(1)

    46,238  
    1,222,000    

3.88%, 02/15/2031(1)

    1,276,990  
 

 

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

 

 

  160  

 


The Hartford Total Return Bond Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 32.7% - (continued)  
      Software - 1.2% - (continued)  
$     225,000    

4.00%, 11/15/2029(1)

  $ 234,823  
    5,656,000    

5.38%, 05/15/2027(1)

    6,037,780  
 

Open Text Corp.

 

    440,000    

3.88%, 02/15/2028(1)

    446,943  
    255,000    

5.88%, 06/01/2026(1)

    265,200  
 

Oracle Corp.

 

    85,000    

3.60%, 04/01/2040

    94,815  
    4,945,000    

3.85%, 04/01/2060

    5,609,843  
    1,315,000    

4.00%, 11/15/2047

    1,524,481  
    250,000    

Western Digital Corp. 4.75%, 02/15/2026

    269,262  
     

 

 

 
    37,165,644  
     

 

 

 
      Telecommunications - 2.2%  
 

AT&T, Inc.

 

    4,190,000    

3.50%, 02/01/2061

    3,897,853  
    3,141,000    

3.55%, 09/15/2055(1)

    2,975,362  
    177,000    

3.65%, 09/15/2059(1)

    168,785  
CAD     1,175,000    

3.83%, 11/25/2020

    883,547  
$     671,000    

4.35%, 06/15/2045

    743,715  
    1,160,000    

4.50%, 05/15/2035

    1,352,988  
    920,000    

4.50%, 03/09/2048

    1,029,720  
    100,000    

Frontier Communications Corp. 0.00%, 10/08/2021

    98,875  
    4,500,000    

GTP Acquisition Partners LLC 3.48%, 06/15/2050(1)

    4,824,275  
EUR     425,000    

Lorca Finco plc 0.00%, 09/17/2027, 3 mo. EURIBOR + 4.250%

    493,120  
 

Nokia Oyj

 

$     10,000    

4.38%, 06/12/2027

    10,750  
    455,000    

6.63%, 05/15/2039

    571,025  
    4,535,000    

SoftBank Group Corp. 6.00%, 07/19/2023, 5 year USD ICE Swap + 4.226%(2)(5)(7)

    4,183,537  
    325,000    

Sprint Corp. 7.13%, 06/15/2024

    373,815  
    3,115,000    

Sprint Spectrum Co. LLC / Sprint Spectrum Co. II LLC / Sprint Spectrum Co. III LLC 5.15%, 09/20/2029(1)

    3,629,629  
   

T-Mobile USA, Inc.

 

    4,400,000    

2.05%, 02/15/2028(1)

    4,466,000  
    1,045,000    

3.30%, 02/15/2051(1)

    1,006,795  
    4,605,000    

3.50%, 04/15/2025(1)

    5,045,284  
    3,785,000    

3.88%, 04/15/2030(1)

    4,251,918  
    1,330,000    

4.50%, 04/15/2050(1)

    1,546,571  
    5,647,000    

6.50%, 01/15/2026

    5,884,174  
   

Telecom Italia Capital S.A.

 

    145,000    

6.00%, 09/30/2034

    168,708  
    215,000    

7.72%, 06/04/2038

    291,254  
    3,065,000    

Telefonica Celular del Paraguay S.A.
5.88%, 04/15/2027(1)

    3,262,692  
   

Telefonica Emisiones S.A.

 

    525,000    

4.67%, 03/06/2038

    601,710  
    215,000    

4.90%, 03/06/2048

    245,635  
    1,120,000    

5.21%, 03/08/2047

    1,323,575  
   

Verizon Communications, Inc.

 

    877,000    

2.99%, 10/30/2056(1)

    888,299  
    485,000    

4.00%, 03/22/2050

    584,385  
    1,971,000    

4.27%, 01/15/2036

    2,409,250  
    465,000    

4.40%, 11/01/2034

    574,381  
    1,525,000    

4.50%, 08/10/2033

    1,895,169  
    1,020,000    

4.67%, 03/15/2055

    1,360,473  
    2,020,000    

4.81%, 03/15/2039

    2,623,190  
    610,000    

Vmed UK Financing plc 4.25%, 01/31/2031(1)

    610,000  
    1,935,000    

Vodafone Group plc 6.15%, 02/27/2037

    2,697,148  
     

 

 

 
        66,973,607  
     

 

 

 
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 32.7% - (continued)  
      Transportation - 0.4%  
   

FedEx Corp.

 

$     835,000    

3.30%, 03/15/2027

  $ 925,860  
    2,495,000    

4.25%, 05/15/2030

    2,996,136  
   

Penske Truck Leasing Co. L.P. / PTL Finance Corp.

 
    2,445,000    

2.70%, 11/01/2024(1)

    2,597,545  
    2,650,000    

4.00%, 07/15/2025(1)

    2,989,187  
   

Union Pacific Corp.

 

    2,495,000    

2.97%, 09/16/2062(1)

    2,417,992  
    110,000    

3.25%, 02/05/2050

    119,206  
    325,000    

3.84%, 03/20/2060

    367,331  
     

 

 

 
        12,413,257  
     

 

 

 
          Water - 0.1%  
   

American Water Capital Corp.

 

    885,000    

2.80%, 05/01/2030

    964,830  
    1,140,000    

4.15%, 06/01/2049

    1,410,069  
     

 

 

 
        2,374,899  
     

 

 

 
   

Total Corporate Bonds
(cost $927,463,745)

  $ 978,811,838  
     

 

 

 
FOREIGN GOVERNMENT OBLIGATIONS - 1.8%  
          Argentina - 0.0%  
   

Argentine Republic Government International Bond

 

    1,914,641    

0.13%, 07/09/2035

  $ 626,088  
    65,273    

1.00%, 07/09/2029

    26,762  
     

 

 

 
        652,850  
     

 

 

 
      Bermuda - 0.0%  
    980,000    

Bermuda Government International Bond
2.38%, 08/20/2030(1)

    1,005,725  
     

 

 

 
      Chile - 0.1%  
    2,625,000    

Chile Government International Bond 2.55%, 01/27/2032

    2,733,281  
     

 

 

 
      Dominican Republic - 0.2%  
    4,445,000    

Dominican Republic International Bond 6.40%, 06/05/2049(1)

    4,512,119  
     

 

 

 
      Egypt - 0.1%  
 

Egypt Government International Bond

 

    1,400,000    

7.63%, 05/29/2032(1)

    1,416,240  
    725,000    

8.50%, 01/31/2047(5)

    719,866  
    660,000    

8.88%, 05/29/2050(1)

    666,138  
     

 

 

 
    2,802,244  
     

 

 

 
      Ghana - 0.0%  
    1,517,000    

Ghana Government International Bond 6.38%, 02/11/2027(1)

    1,409,596  
     

 

 

 
      Hungary - 0.0%  
    580,000    

Hungary Government International Bond
6.38%, 03/29/2021

    593,659  
     

 

 

 
      Indonesia - 0.0%  
 

Indonesia Government International Bond

 

EUR     290,000    

2.15%, 07/18/2024(5)

    355,903  
    565,000    

2.63%, 06/14/2023(5)

    694,246  
     

 

 

 
    1,050,149  
     

 

 

 
      Italy - 0.0%  
    170,000    

Italy Certificati di Credito del Tesoro 0.00%, 11/27/2020(9)

    198,047  
     

 

 

 
      Macedonia - 0.1%  
    2,715,000    

North Macedonia Government International Bond 3.68%, 06/03/2026(1)

    3,436,710  
     

 

 

 
 

 

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

 

 

  161  

 


The Hartford Total Return Bond Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
FOREIGN GOVERNMENT OBLIGATIONS - 1.8% - (continued)  
      Mexico - 0.2%  
 

Mexico Government International Bond

 

EUR

    1,148,000    

1.13%, 01/17/2030

  $ 1,246,970  
$     212,000    

3.25%, 04/16/2030

    219,055  
    1,770,000    

4.50%, 04/22/2029

    2,007,180  
    2,980,000    

4.75%, 04/27/2032

    3,409,120  
     

 

 

 
    6,882,325  
     

 

 

 
      Panama - 0.1%  
 

Panama Government International Bond

 

    1,365,000    

2.25%, 09/29/2032

    1,388,205  
    235,000    

3.16%, 01/23/2030

    256,446  
     

 

 

 
    1,644,651  
     

 

 

 
      Peru - 0.0%  
    575,000    

Peruvian Government International Bond 2.39%, 01/23/2026

    604,325  
     

 

 

 
      Qatar - 0.2%  
 

Qatar Government International Bond

 

    2,380,000    

3.40%, 04/16/2025(1)

    2,610,570  
    2,600,000    

3.75%, 04/16/2030(1)

    3,018,579  
     

 

 

 
    5,629,149  
     

 

 

 
      Romania - 0.3%  
 

Romanian Government International Bond

 

EUR     963,000    

2.12%, 07/16/2031(5)

    1,135,578  
    666,000    

3.62%, 05/26/2030(1)

    889,213  
$     2,088,000    

4.00%, 02/14/2051(1)

    2,127,179  
EUR     3,473,000    

4.63%, 04/03/2049(5)

    5,005,477  
     

 

 

 
    9,157,447  
     

 

 

 
      Senegal - 0.1%  
 

Senegal Government International Bond

 

    1,615,000    

4.75%, 03/13/2028(5)

    1,858,715  
$     2,000,000    

6.25%, 05/23/2033(5)

    2,034,000  
     

 

 

 
    3,892,715  
     

 

 

 
      South Korea - 0.0%  
    200,000    

Korea Development Bank 0.80%, 03/12/2021, 3 mo. USD LIBOR + 0.550%(2)

    200,169  
     

 

 

 
      Supranational - 0.1%  
MXN     47,065,000    

Inter-American Development Bank 7.25%, 06/10/2021

    2,239,235  
     

 

 

 
      Tunisia - 0.1%  
EUR     1,685,000    

Banque Centrale de Tunisie International Bond 6.75%, 10/31/2023(1)

    1,747,509  
     

 

 

 
      United Arab Emirates - 0.2%  
 

Abu Dhabi Government International Bond

 

$     1,950,000    

2.50%, 04/16/2025(1)

    2,068,950  
    2,225,000    

3.88%, 04/16/2050(1)

    2,641,297  
     

 

 

 
    4,710,247  
     

 

 

 
 

Total Foreign Government Obligations
(cost $52,802,518)

  $ 55,102,152  
     

 

 

 
MUNICIPAL BONDS - 1.9%  
      Development - 0.3%  
    7,480,000    

New York Transportation Dev Corp. Rev 4.25%, 09/01/2035

  $ 8,231,889  
     

 

 

 
      Education - 0.1%  
 

Chicago, IL, Board of Education, GO

 

    380,000    

6.04%, 12/01/2029

    396,975  
    1,145,000    

6.14%, 12/01/2039

    1,174,804  
    1,660,000    

6.32%, 11/01/2029

    1,711,078  
     

 

 

 
    3,282,857  
     

 

 

 
Shares or Principal Amount   Market Value  
Municipal Bonds - 1.9% - (continued)  
      General - 0.8%  
 

County of Riverside, CA

 

$     5,885,000    

2.86%, 02/15/2026

  $ 6,270,703  
    5,895,000    

3.07%, 02/15/2028

    6,327,222  
    5,580,000    

Florida State Board of Administration Finance Co. 1.26%, 07/01/2025

    5,638,255  
    5,345,000    

Philadelphia, PA, Auth for Industrial Dev, (NATL Insured) 6.55%, 10/15/2028

    6,814,554  
     

 

 

 
    25,050,734  
     

 

 

 
      General Obligation - 0.2%  
 

California State, GO Taxable

 

    235,000    

7.30%, 10/01/2039

    379,779  
    80,000    

7.55%, 04/01/2039

    137,432  
    205,000    

State of Connecticut, GO 3.00%, 07/01/2021

    208,360  
 

State of Illinois, GO

 

    2,508,764    

4.95%, 06/01/2023(8)

    2,591,553  
    210,000    

5.00%, 01/01/2023

    219,786  
    520,000    

5.56%, 02/01/2021

    524,716  
    840,000    

6.88%, 07/01/2025

    948,041  
     

 

 

 
    5,009,667  
     

 

 

 
      Transportation - 0.4%  
    965,000    

Chicago, IL, Transit Auth 3.91%, 12/01/2040

    1,022,852  
 

Metropolitan Transportation Auth, NY, Rev

 

    2,540,000    

5.00%, 11/15/2050

    2,743,835  
    7,005,000    

5.18%, 11/15/2049

    7,135,293  
     

 

 

 
    10,901,980  
     

 

 

 
      Utility - Electric - 0.1%  
    1,927,000    

Municipal Electric Auth, GA 6.64%, 04/01/2057

    2,776,730  
     

 

 

 
 

Total Municipal Bonds
(cost $52,599,788)

  $ 55,253,857  
     

 

 

 
SENIOR FLOATING RATE INTERESTS - 2.4%(10)  
      Advertising - 0.0%  
    297,000    

Clear Channel Outdoor Holdings, Inc.

3.71%, 08/21/2026, 1 mo. USD LIBOR + 3.500%

  $ 269,845  
    471,438    

Terrier Media Buyer, Inc. 4.40%, 12/17/2026, 1 mo. USD LIBOR + 4.250%

    458,181  
     

 

 

 
    728,026  
     

 

 

 
      Aerospace/Defense - 0.0%  
    100,000    

Spirit Aerosystems, Inc. 6.00%, 01/30/2025, 1 mo. USD LIBOR + 5.250%

    99,750  
    711,346    

TransDigm, Inc. 2.40%, 05/30/2025, 1 mo. USD LIBOR + 2.250%

    668,174  
     

 

 

 
    767,924  
     

 

 

 
      Airlines - 0.0%  
    98,750    

JetBlue Airways Corp. 6.25%, 06/17/2024, 1 mo. USD LIBOR + 5.250%

    98,195  
    180,000    

Mileage Plus Holdings LLC 6.25%, 06/25/2027, 1 mo. USD LIBOR + 5.250%

    182,666  
    395,000    

SkyMiles IP Ltd. 4.75%, 10/20/2027, 1 mo. USD LIBOR + 3.750%

    393,108  
    387,075    

WestJet Airlines Ltd. 4.00%, 12/11/2026, 3 mo. USD LIBOR + 3.000%

    339,054  
     

 

 

 
    1,013,023  
     

 

 

 
      Auto Manufacturers - 0.0%  
    467,395    

Navistar, Inc. 3.65%, 11/06/2024, 3 mo. USD LIBOR + 3.500%

    462,137  
     

 

 

 
 

 

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

 

 

  162  

 


The Hartford Total Return Bond Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 2.4%(10) - (continued)  
      Auto Parts & Equipment - 0.1%  
$     470,928    

Adient U.S. LLC 4.49%, 05/06/2024, 3 mo. USD LIBOR + 4.250%

  $ 463,629  
    189,403    

Altra Industrial Motion Corp.

2.15%, 10/01/2025, 3 mo. USD LIBOR + 2.000%

    185,319  
EUR     613,887    

Clarios Global L.P. 3.75%, 04/30/2026, 3 mo. EURIBOR + 3.750%

    696,790  
$     144,094    

First Brands Group LLC 8.50%, 02/02/2024, 1 mo. USD LIBOR + 7.500%

    142,653  
    135,000    

GT Polaris, Inc. 5.00%, 08/04/2027, 1 mo. USD LIBOR + 4.000%

    132,806  
    403,439    

Panther BF Aggregator 2 3.65%, 04/30/2026, 3 mo. USD LIBOR + 3.500%

    391,235  
     

 

 

 
    2,012,432  
     

 

 

 
      Beverages - 0.0%  
EUR     490,000    

Sunshine Investments B.V. 0.00%, 03/28/2025(11)

    563,830  
     

 

 

 
      Chemicals - 0.1%  
    195,285    

CeramTec AcquiCo GmbH 2.75%, 03/07/2025, 3 mo. EURIBOR + 2.750%

    216,194  
$     96,714    

CMC Materials, Inc. 2.19%, 11/17/2025, 1 mo. USD LIBOR + 2.000%

    95,263  
   

Diamond (BC) B.V.

 
    580,415    

3.15%, 09/06/2024, 3 mo. USD LIBOR + 3.000%

    554,296  
EUR     698,205    

3.25%, 09/06/2024, 3 mo. EURIBOR + 3.250%

    779,215  
    200,000    

Froneri Lux FinCo S.a.r.l. 2.63%, 01/31/2027, 3 mo. EURIBOR + 2.625%

    226,525  
$     222,188    

Hexion, Inc. 3.73%, 07/01/2026, 3 mo. USD LIBOR + 3.500%

    217,966  
EUR     100,000    

Nouryon Finance B.V. 3.25%, 10/01/2025, 3 mo. EURIBOR + 3.250%

    114,069  
    216,223    

Nouryon USA LLC 3.15%, 10/01/2025, 1 mo. USD LIBOR + 3.000%

    209,088  
    500,000    

Tronox Finance LLC 3.15%, 09/23/2024, 3 mo. USD LIBOR + 3.000%

    489,020  
 

Univar Solutions USA, Inc.

 

    138,950    

2.15%, 07/01/2026, 1 mo. USD LIBOR + 2.000%

    134,984  
    351,676    

2.40%, 07/01/2024, 3 mo. USD LIBOR + 2.500%

    344,094  
     

 

 

 
    3,380,714  
     

 

 

 
      Commercial Services - 0.3%  
 

AlixPartners LLP

 

    605,462    

2.65%, 04/04/2024, 1 mo. USD LIBOR + 2.500%

    586,541  
EUR     98,500    

3.25%, 04/04/2024, 3 mo. EURIBOR + 3.250%

    113,021  
$     375,947    

Allied Universal Holdco LLC

4.40%, 07/10/2026, 1 mo. USD LIBOR + 4.250%

    367,823  
    384,443    

APX Group, Inc. 7.25%, 12/31/2025, 1 mo. USD LIBOR + 4.000%

    374,490  
    208,550    

Ascend Learning LLC 4.00%, 07/12/2024, 3 mo. USD LIBOR + 3.000%

    203,641  
    382,797    

Belron Finance U.S. LLC 2.46%, 10/30/2026, 1 mo. USD LIBOR + 2.250%

    371,313  
EUR     315,000    

Boels Topholding B.V. 4.00%, 01/14/2027, 3 mo. EURIBOR + 4.000%

    356,490  
$     982,538    

Deerfield Dakota Holding LLC

4.75%, 04/09/2027, 1 mo. USD LIBOR + 3.750%

    965,756  
Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 2.4%(10) - (continued)  
      Commercial Services - 0.3% - (continued)  
$     21,350    

Energizer Holdings, Inc. 2.44%, 12/17/2025, 1 mo. USD LIBOR + 2.250%

  $ 21,243  
EUR     185,000    

Loire Finco Luxembourg S.a.r.l.

3.25%, 04/21/2027, 3 mo. EURIBOR + 3.250%

    209,966  
$     530,916    

MPH Acquisition Holdings LLC

3.75%, 06/07/2023, 3 mo. USD LIBOR + 2.750%

    523,520  
EUR     194,028    

Nets Holding A/S 3.25%, 02/06/2025, 3 mo. EURIBOR + 3.250%

    219,948  
$     776,618    

Quikrete Holdings, Inc. 2.65%, 02/01/2027, 1 mo. USD LIBOR + 2.500%

    760,503  
    250,538    

Refinitiv U.S. Holdings, Inc. 3.40%, 10/01/2025, 1 mo. USD LIBOR + 3.250%

    246,506  
EUR     105,975    

Techem Verwaltungsgesellschaft 675 mbH

2.63%, 07/15/2025, 3 mo. EURIBOR + 2.625%

    121,283  
    430,000    

Verisure Holding AB 4.00%, 07/20/2026, 3 mo. EURIBOR + 4.000%

    498,296  
$     342,097    

Weight Watchers International, Inc.

5.50%, 11/29/2024, 3 mo. USD LIBOR + 4.750%

    341,071  
    1,072,899    

WEX, Inc. 2.40%, 05/15/2026, 3 mo. USD LIBOR + 2.250%

    1,032,665  
     

 

 

 
    7,314,076  
     

 

 

 
      Construction Materials - 0.1%  
    77,571    

Advanced Drainage Systems, Inc.

2.44%, 07/31/2026, 1 mo. USD LIBOR + 2.250%

    76,860  
    416,083    

Brookfield WEC Holdings, Inc.

3.75%, 08/01/2025, 1 mo. USD LIBOR + 3.000%

    405,748  
    561,641    

Cornerstone Building Brands, Inc.

3.90%, 04/12/2025, 3 mo. USD LIBOR + 3.750%

    549,880  
    141,738    

Hamilton Holdco LLC 2.23%, 01/02/2027, 1 mo. USD LIBOR + 2.000%

    137,485  
     

 

 

 
    1,169,973  
     

 

 

 
      Distribution/Wholesale - 0.0%  
    970,200    

American Builders & Contractors Supply Co.,

Inc. 2.15%, 01/15/2027, 1 mo. USD LIBOR + 2.000%

    940,638  
     

 

 

 
      Diversified Financial Services - 0.1%  
    162,113    

Aretec Group, Inc. 4.40%, 10/01/2025, 3 mo. USD LIBOR + 4.250%

    150,765  
     

 

 

 
    782,964    

Blackhawk Network Holdings, Inc.

3.15%, 06/15/2025, 3 mo. USD LIBOR + 3.000%

    733,418  
    137,900    

Minotaur Acquisition, Inc. 5.15%, 03/27/2026, 3 mo. USD LIBOR + 5.000%

    131,005  
    271,885    

Victory Capital Holdings, Inc.

2.73%, 07/01/2026, 1 mo. USD LIBOR + 2.500%

    265,993  
     

 

 

 
    1,281,181  
     

 

 

 
      Electric - 0.0%  
    271,147    

Seadrill Operating L.P. 7.00%, 02/21/2021, 3 mo. USD LIBOR + 6.000%

    26,814  
     

 

 

 
      Engineering & Construction - 0.0%  
    501,830    

Brand Industrial Services, Inc.

5.25%, 06/21/2024, 3 mo. USD LIBOR + 4.250%

    466,074  
     

 

 

 
 

 

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

 

 

  163  

 


The Hartford Total Return Bond Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 2.4%(10) - (continued)  
      Entertainment - 0.1%  
 

Crown Finance U.S., Inc.

 

EUR     31,368    

2.63%, 02/28/2025, 3 mo. EURIBOR + 2.625%

  $ 20,184  
$     182,157    

2.77%, 02/28/2025, 3 mo. USD LIBOR + 2.500%

    101,294  
    663,717    

Delta (LUX) S.a.r.l. 3.50%, 02/01/2024, 3 mo. USD LIBOR + 2.500%

    635,509  
    296,616    

Penn National Gaming, Inc. 3.00%, 10/15/2025, 3 mo. USD LIBOR + 2.250%

    285,810  
    466,813    

Playtika Holding Corp. 7.00%, 12/10/2024, 1 mo. USD LIBOR + 6.000%

    466,495  
    589,449    

Scientific Games International, Inc.

2.90%, 08/14/2024, 1 mo. USD LIBOR + 2.750%

    547,268  
    198,197    

UFC Holdings LLC 4.25%, 04/29/2026, 1 mo. USD LIBOR + 3.250%

    193,985  
    494,460    

William Morris Endeavor Entertainment LLC

2.90%, 05/18/2025, 3 mo. USD LIBOR + 2.750%

    418,877  
    107,800    

Wyndham Hotels & Resorts, Inc.

1.90%, 05/30/2025, 3 mo. USD LIBOR + 1.750%

    102,364  
     

 

 

 
    2,771,786  
     

 

 

 
      Food - 0.1%  
    86,713    

B&G Foods, Inc. 2.65%, 10/10/2026, 1 mo. USD LIBOR + 2.500%

    86,084  
    97,750    

CHG PPC Parent LLC 2.90%, 03/31/2025, 3 mo. USD LIBOR + 2.750%

    94,329  
    179,550    

Froneri U.S., Inc. 2.40%, 01/31/2027, 1 mo. USD LIBOR + 2.250%

    172,564  
    537,181    

Hostess Brands LLC 3.00%, 08/03/2025, 1 mo. USD LIBOR + 2.250%

    522,746  
 

U.S. Foods, Inc.

 

    403,356    

1.90%, 06/27/2023, 1 mo. USD LIBOR + 1.750%

    385,104  
    386,100    

2.15%, 09/13/2026, 3 mo. USD LIBOR + 2.000%

    366,073  
     

 

 

 
    1,626,900  
     

 

 

 
      Food Service - 0.0%  
    98,250    

8th Avenue Food & Provisions, Inc.

3.65%, 10/01/2025, 3 mo. USD LIBOR + 3.500%

    96,755  
 

Aramark Services, Inc.

 

    207,256    

1.90%, 03/11/2025, 1 mo. USD LIBOR + 1.750%

    197,758  
    298,500    

1.90%, 01/15/2027, 1 mo. USD LIBOR + 1.750%

    283,017  
     

 

 

 
    577,530  
     

 

 

 
      Gas - 0.0%  
    108,350    

Messer Industries USA, Inc.

2.72%, 03/01/2026, 3 mo. USD LIBOR + 2.500%

    105,390  
     

 

 

 
      Hand/Machine Tools - 0.0%  
    295,000    

Applecaramel Buyer LLC 0.00%, 10/19/2027(11)

    290,416  
     

 

 

 
      Healthcare - Products - 0.1%  
    775,000    

Avantor Funding, Inc. 0.00%, 10/29/2027(11)

    767,250  
    99,500    

CPI Holdco LLC 4.40%, 11/04/2026, 1 mo. USD LIBOR + 4.250%

    98,008  
    197,438    

Lifescan Global Corp. 6.23%, 10/01/2024, 3 mo. USD LIBOR + 6.000%

    184,505  
    211,355    

Parexel International Corp. 2.90%, 09/27/2024, 3 mo. USD LIBOR + 2.750%

    202,449  
     

 

 

 
    1,252,212  
     

 

 

 
Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 2.4%(10) - (continued)  
      Healthcare - Services - 0.1%  
EUR     510,000    

Bio Lam LCD SELAS 4.75%, 04/25/2026, 3 mo. EURIBOR + 4.750%

  $ 586,547  
$     137,900    

Catalent Pharma Solutions, Inc.

3.25%, 05/18/2026, 3 mo. USD LIBOR + 2.250%

    137,038  
    178,600    

CDRH Parent, Inc. 5.25%, 07/01/2021, 3 mo. USD LIBOR + 4.250%

    131,271  
    329,220    

Dentalcorp Health Services ULC

4.75%, 06/06/2025, 3 mo. USD LIBOR + 3.750%(12)

    316,601  
    270,188    

Envision Healthcare Corp. 3.90%, 10/10/2025, 3 mo. USD LIBOR + 3.750%

    192,030  
 

EyeCare Partners LLC

 

    52,027    

3.75%, 02/18/2027, 1 mo. USD LIBOR + 3.750%(12)

    49,188  
    221,858    

3.90%, 02/18/2027, 1 mo. USD LIBOR + 3.750%

    209,749  
EUR     332,350    

IQVIA, Inc. 2.00%, 06/11/2025, 1 mo. EURIBOR + 2.000%

    382,373  
$     331,181    

Jaguar Holding Co. 3.50%, 08/18/2022, 3 mo. USD LIBOR + 2.500%

    328,432  
 

MED ParentCo L.P.

 

    56,908    

4.40%, 08/31/2026, 1 mo. USD LIBOR + 4.250%(12)

    54,015  
    226,937    

4.40%, 08/31/2026, 1 mo. USD LIBOR + 4.250%

    215,401  
    211,532    

Syneos Health, Inc. 1.90%, 08/01/2024, 3 mo. USD LIBOR + 2.000%

    206,707  
     

 

 

 
    2,809,352  
     

 

 

 
      Household Products - 0.0%  
    216,000    

Revlon Consumer Products Corp.

4.25%, 09/07/2023, 1 mo. USD LIBOR + 3.500%

    54,000  
    171,827    

Reynolds Consumer Products LLC

1.90%, 02/04/2027, 1 mo. USD LIBOR + 1.750%

    168,337  
    275,000    

Weber-Stephen Products LLC 0.00%, 10/30/2027(11)

    272,080  
     

 

 

 
    494,417  
     

 

 

 
      Insurance - 0.1%  
    432,825    

Acrisure LLC 3.65%, 02/15/2027, 1 mo. USD LIBOR + 3.500%

    416,360  
 

Asurion LLC

 

    596,176    

3.15%, 08/04/2022, 1 mo. USD LIBOR + 2.750%

    586,167  
    494,756    

3.15%, 11/03/2023, 1 mo. USD LIBOR + 3.000%

    485,172  
    441,515    

6.65%, 08/04/2025, 3 mo. USD LIBOR + 6.000%

    441,515  
 

Hub International Ltd.

 

    474,825    

3.22%, 04/25/2025, 1 mo. USD LIBOR + 3.000%

    455,970  
    133,988    

5.00%, 04/25/2025, 1 mo. USD LIBOR + 4.000%

    133,134  
    100,000    

Ryan Specialty Group LLC 4.00%, 09/01/2027, 1 mo. USD LIBOR + 3.250%

    99,125  
 

Sedgwick Claims Management Services, Inc.

 

    348,788    

3.40%, 12/31/2025, 3 mo. USD LIBOR + 3.250%

    334,205  
    557,938    

4.15%, 09/03/2026, 3 mo. USD LIBOR + 4.000%

    541,289  
    99,750    

5.25%, 09/03/2026, 1 mo. USD LIBOR + 4.250%

    98,420  
 

 

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

 

 

  164  

 


The Hartford Total Return Bond Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 2.4%(10) - (continued)  
      Insurance - 0.1% - (continued)  
$     416,608    

USI, Inc. 3.22%, 05/16/2024, 3 mo. USD LIBOR + 3.000%

  $ 400,897  
     

 

 

 
    3,992,254  
     

 

 

 
      Internet - 0.0%  
    156,400    

Rodan & Fields LLC 4.15%, 06/16/2025, 3 mo. USD LIBOR + 4.000%

    113,390  
    239,516    

Shutterfly LLC 7.00%, 09/25/2026, 1 mo. USD LIBOR + 6.000%

    220,867  
     

 

 

 
    334,257  
     

 

 

 
          IT Services - 0.0%      
    99,750    

Surf Holdings LLC 3.75%, 03/05/2027, 1 mo. USD LIBOR + 3.500%

    96,483  
    758,071    

Tempo Acquisition LLC 3.75%, 11/02/2026, 1 mo. USD LIBOR + 3.250%

    732,107  
     

 

 

 
        828,590  
     

 

 

 
          Leisure Time - 0.1%      
    560,000    

Caesars Resort Collection LLC

4.65%, 07/21/2025, 1 mo. USD LIBOR + 4.500%

    541,626  
    224,438    

Carnival Corp. 8.50%, 06/30/2025, 1 mo. USD LIBOR + 7.500%

    225,784  
    714,100    

Golden Entertainment, Inc. 3.75%, 10/21/2024, 3 mo. USD LIBOR + 3.000%

    688,214  
     

 

 

 
        1,455,624  
     

 

 

 
          Lodging - 0.0%      
    587,155    

Boyd Gaming Corp. 2.34%, 09/15/2023, 3 mo. USD LIBOR + 2.250%

    569,722  
    537,180    

Caesars Resort Collection LLC

2.90%, 12/23/2024, 3 mo. USD LIBOR + 2.750%

    502,413  
     

 

 

 
        1,072,135  
     

 

 

 
          Machinery - Construction & Mining - 0.0%      
   

Pro Mach Group, Inc.

 

XXX

    153,838    

4.50%, 03/07/2025, 1 mo. USD LIBOR + 3.500%

    147,684  
    50,777    

4.50%, 03/07/2025, 1 mo. USD LIBOR + 3.500%(12)

    51,285  
     

 

 

 
        198,969  
     

 

 

 
          Machinery - Diversified - 0.0%      
$     222,799    

Gates Global LLC 3.75%, 04/01/2024, 3 mo. USD LIBOR + 2.750%

    218,159  
EUR     100,000    

Vertical Midco GmbH 4.25%, 07/30/2027, 3 mo. EURIBOR + 4.250%

    115,894  
$     575,000    

Vertical U.S. Newco, Inc. 4.57%, 07/30/2027, 1 mo. USD LIBOR + 4.250%

    566,018  
     

 

 

 
        900,071  
     

 

 

 
          Media - 0.3%      
EUR     220,000    

Adevinta ASA 0.00%, 10/23/2027(11)

    255,698  
$     290,000    

Alliance Laundry Systems LLC 0.00%, 10/08/2027(11)

    287,100  
    179,450    

Altice Financing S.A. 2.90%, 01/31/2026, 3 mo. USD LIBOR + 2.750%

    170,626  
    621,092    

AVSC Holding Corp. 4.25%, 03/03/2025, 3 mo. USD LIBOR + 3.250%

    474,049  
EUR     300,000    

Banijay Entertainment S.A.S 0.00%, 03/04/2025(11)

    343,134  
$     310,000    

Banijay Group U.S. Holding, Inc.

3.89%, 03/01/2025, 1 mo. USD LIBOR + 3.750%

    299,925  
    903,995    

Charter Communications Operating LLC

1.90%, 02/01/2027, 1 mo. USD LIBOR + 1.750%

    879,985  
Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 2.4%(10) - (continued)  
          Media - 0.3% - (continued)      
$     572,362    

CSC Holdings LLC 2.65%, 04/15/2027, 1 mo. USD LIBOR + 2.500%

  $ 553,331  
    323,367    

E.W. Scripps Co. 2.65%, 05/01/2026, 1 mo. USD LIBOR + 2.500%

    311,849  
    583,538    

Go Daddy Operating Co. LLC

2.65%, 08/10/2027, 1 mo. USD LIBOR + 2.500%

    573,080  
    573,688    

Gray Television, Inc. 2.65%, 01/02/2026, 3 mo. USD LIBOR + 2.500%

    557,768  
    264,688    

Houghton Mifflin Harcourt Publishers, Inc.

7.25%, 11/22/2024, 1 mo. USD LIBOR + 6.250%

    245,498  
    807,511    

ION Media Networks, Inc. 3.19%, 12/18/2024, 1 mo. USD LIBOR + 3.000%

    798,136  
    93,152    

NASCAR Holdings, Inc. 2.90%, 10/19/2026, 3 mo. USD LIBOR + 2.750%

    90,525  
    480,313    

Nexstar Broadcasting, Inc. 2.90%, 09/18/2026, 1 mo. USD LIBOR + 2.750%

    467,344  
    99,500    

Nielsen Finance LLC 4.75%, 06/04/2025, 1 mo. USD LIBOR + 3.750%

    99,102  
EUR     219,149    

Nielsen Holding & Finance B.V.

3.75%, 06/04/2025, 3 mo. EURIBOR + 3.750%

    254,912  
$     309,375    

Sinclair Television Group, Inc.

2.65%, 09/30/2026, 1 mo. USD LIBOR + 2.500%

    299,320  
    980,000    

UPC Broadband Holding B.V. 0.00%, 01/31/2029(11)

    954,274  
   

Virgin Media Bristol LLC

 
    290,000    

0.00%, 01/31/2029(11)

    284,148  
EUR     400,000    

0.00%, 01/31/2029(11)

    459,259  
$     563,584    

Web.com Group, Inc. 3.90%, 10/10/2025, 3 mo. USD LIBOR + 3.750%

    541,571  
     

 

 

 
        9,200,634  
     

 

 

 
          Metal Fabricate/Hardware - 0.0%      
    290,984    

Circor International, Inc. 4.25%, 12/11/2024, 1 mo. USD LIBOR + 3.250%

    284,582  
    212,018    

RBS Global, Inc. 1.90%, 08/21/2024, 1 mo. USD LIBOR + 1.750%

    209,784  
     

 

 

 
        494,366  
     

 

 

 
          Miscellaneous Manufacturing - 0.0%      
    93,297    

H.B. Fuller Co. 2.15%, 10/20/2024, 3 mo. USD LIBOR + 2.000%

    91,548  
    298,500    

Ingersoll-Rand Services Co.

1.90%, 03/01/2027, 1 mo. USD LIBOR + 1.750%

    288,052  
    122,500    

LTI Holdings, Inc. 3.65%, 09/06/2025, 3 mo. USD LIBOR + 3.500%

    113,838  
    497,481    

Momentive Performance Materials USA LLC

3.40%, 05/15/2024, 3 mo. USD LIBOR + 3.250%

    470,433  
    99,000    

Tamko Building Products LLC

3.40%, 06/01/2026, 3 mo. USD LIBOR + 3.250%

    96,525  
     

 

 

 
        1,060,396  
     

 

 

 
          Oil & Gas - 0.0%      
    646,774    

Fieldwood Energy LLC 7.50%, 04/11/2022, 3 mo. USD LIBOR + 4.250%

    135,823  
    326,061    

PES Holdings LLC 0.00%, 12/31/2022, 3 mo. USD LIBOR + 6.990%(13)

    24,454  
    7,602    

Seadrill Operating L.P. 0.00%, 02/21/2021, 1 mo. USD LIBOR + 1.000%

    7,678  
     

 

 

 
        167,955  
     

 

 

 
 

 

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

 

 

  165  

 


The Hartford Total Return Bond Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 2.4%(10) - (continued)  
          Oil & Gas Services - 0.0%      
$     770,250    

UGI Energy Services LLC 3.90%, 08/13/2026, 1 mo. USD LIBOR + 3.750%

  $ 762,547  
     

 

 

 
          Packaging & Containers - 0.1%      
   

Berry Global, Inc.

 
    366,827    

2.15%, 10/01/2022, 1 mo. USD LIBOR + 2.000%

    362,535  
    276,500    

2.15%, 07/01/2026, 1 mo. USD LIBOR + 2.000%

    267,312  
   

Flex Acquisition Co., Inc.

 
    97,746    

3.48%, 06/29/2025, 3 mo. USD LIBOR + 3.250%

    93,867  
    540,928    

4.00%, 12/29/2023, 3 mo. USD LIBOR + 3.000%

    526,631  
    139,563    

Proampac PG Borrower LLC

4.50%, 11/20/2023, 3 mo. USD LIBOR + 3.500%

    136,946  
    236,759    

Reynolds Group Holdings, Inc.

2.90%, 02/05/2023, 3 mo. USD LIBOR + 3.000%

    232,057  
     

 

 

 
        1,619,348  
     

 

 

 
          Pharmaceuticals - 0.1%      
    223,385    

Bausch Health Americas, Inc.

3.15%, 06/02/2025, 3 mo. USD LIBOR + 3.000%

    217,894  
    650,733    

Change Healthcare Holdings LLC

3.50%, 03/01/2024, 1 mo. USD LIBOR + 2.750%

    634,386  
    791,053    

Elanco Animal Health, Inc. 1.90%, 08/01/2027, 1 mo. USD LIBOR + 1.750%

    773,088  
    535,126    

Endo International plc 5.00%, 04/29/2024, 3 mo. USD LIBOR + 4.250%

    507,031  
EUR     109,175    

Grifols S.A. 2.25%, 11/15/2027, 3 mo. EURIBOR + 2.250%

    125,301  
$     265,000    

Milano Acquisition Corp. 4.75%, 10/01/2027, 1 mo. USD LIBOR + 4.000%

    260,143  
   

Pathway Vet Alliance LLC

 
    22,549    

4.00%, 03/31/2027, 1 mo. USD LIBOR + 4.000%(12)

    22,014  
    276,064    

4.15%, 03/31/2027, 1 mo. USD LIBOR + 4.000%

    269,507  
    719,563    

Sunshine Luxembourg S.a.r.l.

5.25%, 10/01/2026, 1 mo. USD LIBOR + 4.250%

    711,582  
     

 

 

 
        3,520,946  
     

 

 

 
          Pipelines - 0.1%      
   

BCP Raptor LLC

 
    113,563    

4.90%, 11/03/2025, 3 mo. USD LIBOR + 4.750%

    79,721  
    208,013    

5.25%, 06/24/2024, 3 mo. USD LIBOR + 4.250%

    170,570  
    239,441    

BCP Renaissance Parent LLC

4.50%, 10/31/2024, 3 mo. USD LIBOR + 3.500%

    219,388  
    128,375    

Lower Cadence Holdings LLC

4.15%, 05/22/2026, 3 mo. USD LIBOR + 4.000%

    116,260  
    97,250    

Medallion Midland Acquisition LLC

4.25%, 10/30/2024, 3 mo. USD LIBOR + 3.250%

    90,807  
    344,865    

NorthRiver Midstream Finance L.P.

3.48%, 10/01/2025, 3 mo. USD LIBOR + 3.250%

    321,673  
Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 2.4%(10) - (continued)  
          Pipelines - 0.1% - (continued)      
$     103,698    

Traverse Midstream Partners LLC

6.50%, 09/27/2024, 1 mo. USD LIBOR + 5.500%

  $ 95,365  
     

 

 

 
        1,093,784  
     

 

 

 
          Real Estate - 0.0%      
    700,682    

VICI Properties LLC 1.90%, 12/20/2024, 1 mo. USD LIBOR + 1.750%

    671,779  
     

 

 

 
          Retail - 0.2%      
    577,150    

Bass Pro Group LLC 5.75%, 09/25/2024, 3 mo. USD LIBOR + 5.000%

    574,807  
    323,342    

Beacon Roofing Supply, Inc.

2.40%, 01/02/2025, 3 mo. USD LIBOR + 2.250%

    312,581  
    99,500    

Buzz Merger Sub Ltd. 2.90%, 01/29/2027, 1 mo. USD LIBOR + 2.750%

    96,515  
    361,319    

Coty, Inc. 2.39%, 04/07/2025, 3 mo. USD LIBOR + 2.250%

    315,478  
    636,697    

Harbor Freight Tools USA, Inc.

4.00%, 10/19/2027, 1 mo. USD LIBOR + 3.250%

    626,421  
    430,000    

Les Schwab Tire Centers 0.00%, 10/28/2027(11)

    425,700  
    548,625    

Michaels Stores, Inc. 0.00%, 10/01/2027, 1 mo. USD LIBOR + 3.500%(11)

    536,555  
    779,631    

PetSmart, Inc. 0.00%, 03/11/2022, 1 mo. USD LIBOR +3.500%(11)

    770,323  
    193,050    

SRS Distribution, Inc. 4.40%, 05/23/2025, 1 mo. USD LIBOR + 4.250%

    190,637  
    354,974    

Staples, Inc. 5.25%, 04/16/2026, 3 mo. USD LIBOR + 5.000%

    324,890  
     

 

 

 
        4,173,907  
     

 

 

 
          Semiconductors - 0.0%      
    167,822    

Microchip Technology, Inc. 2.15%, 05/29/2025, 3 mo. USD LIBOR + 2.000%

    165,795  
     

 

 

 
          Software - 0.2%      
    128,204    

By Crown Parent LLC 4.00%, 01/31/2026, 1 mo. USD LIBOR + 3.000%

    125,479  
    342,346    

CCC Information Services, Inc.

4.00%, 04/29/2024, 1 mo. USD LIBOR + 3.000%

    338,282  
    323,375    

DCert Buyer, Inc. 4.15%, 10/16/2026, 3 mo. USD LIBOR + 4.000%

    316,351  
    697,000    

Dun & Bradstreet Corp. 3.91%, 02/06/2026, 1 mo. USD LIBOR + 4.000%

    685,527  
    255,670    

Epicor Software Corp. 5.25%, 07/30/2027, 1 mo. USD LIBOR + 4.250%

    254,456  
    446,707    

Finastra USA, Inc. 4.50%, 06/13/2024, 3 mo. USD LIBOR + 3.500%

    420,897  
    482,287    

Hyland Software, Inc. 4.25%, 07/01/2024, 1 mo. USD LIBOR + 3.500%

    474,710  
    100,000    

Navicure, Inc. 4.75%, 10/22/2026, 1 mo. USD LIBOR + 4.000%

    98,500  
    245,000    

Quest Software U.S. Holdings, Inc.

4.46%, 05/16/2025, 3 mo. USD LIBOR + 4.250%

    235,661  
    676,613    

SS&C Technologies, Inc. 1.90%, 04/16/2025, 1 mo. USD LIBOR + 1.750%

    656,893  
   

Ultimate Software Group, Inc.

 
    327,695    

3.90%, 05/04/2026, 3 mo. USD LIBOR + 3.750%

    321,597  
    250,000    

4.75%, 05/04/2026, 1 mo. USD LIBOR + 4.000%

    248,283  
    893,250    

Zelis Payments Buyer, Inc. 4.90%, 09/30/2026, 1 mo. USD LIBOR + 4.750%

    886,711  
     

 

 

 
        5,063,347  
     

 

 

 
 

 

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

 

 

  166  

 


The Hartford Total Return Bond Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 2.4%(10) - (continued)  
          Telecommunications - 0.1%      
$     525,648    

Altice France S.A. 3.84%, 01/31/2026, 3 mo. USD LIBOR + 3.688%

  $ 507,450  
    163,763    

CenturyLink, Inc. 2.40%, 03/15/2027, 1 mo. USD LIBOR + 2.250%

    157,361  
    190,000    

LCPR Loan Financing LLC 5.15%, 10/15/2026, 1 mo. USD LIBOR + 5.000%

    189,763  
    195,650    

Level 3 Financing, Inc. 1.90%, 03/01/2027, 1 mo. USD LIBOR + 1.750%

    188,509  
    530,424    

MTN Infrastructure TopCo, Inc.

4.00%, 11/15/2024, 3 mo. USD LIBOR + 3.000%

    516,665  
    595,000    

Telenet Financing USD LLC

2.15%, 04/30/2028, 6 mo. USD LIBOR + 2.000%

    574,068  
    461,554    

Univision Communications, Inc.

3.75%, 03/15/2024, 3 mo. USD LIBOR + 2.750%

    445,759  
    156,800    

Zacapa S.a.r.l. 4.77%, 07/02/2025, 3 mo. USD LIBOR + 4.500%

    155,232  
   

Zayo Group Holdings, Inc.

 
    318,400    

3.15%, 03/09/2027, 1 mo. USD LIBOR + 3.000%

    306,326  
EUR     99,500    

3.25%, 03/09/2027, 3 mo. EURIBOR + 3.250%

    112,914  
     

 

 

 
        3,154,047  
     

 

 

 
          Transportation - 0.0%      
    100,000    

Boluda Corp. Maritima S.L. 3.50%, 07/30/2026, 3 mo. EURIBOR + 3.500%

    112,368  
     

 

 

 
   

Total Senior Floating Rate Interests
(cost $73,004,040)

  $ 70,097,964  
     

 

 

 
U.S. GOVERNMENT AGENCIES - 39.8%      
          Mortgage-Backed Agencies - 39.8%      
          FHLMC - 4.1%      
$     76,572    

0.00%, 11/15/2036(14)

  $ 73,615  
    7,187,385    

0.29%, 01/25/2027(3)(4)

    116,213  
    10,119,792    

0.48%, 01/25/2034(3)(4)

    498,411  
    22,411,872    

0.61%, 03/25/2027(3)(4)

    771,836  
    5,792,542    

0.64%, 10/25/2026(3)(4)

    191,782  
    12,304,509    

0.75%, 06/25/2027(3)(4)

    538,727  
    17,090,924    

1.12%, 06/25/2030(3)(4)

    1,572,850  
    11,863,869    

1.13%, 01/25/2030(3)(4)

    1,040,896  
    12,417,918    

1.43%, 05/25/2030(3)(4)

    1,447,082  
    7,775,099    

1.57%, 05/25/2030(3)(4)

    985,541  
    1,426,493    

1.75%, 10/15/2042

    1,456,800  
    1,634,767    

2.00%, 09/25/2049, 1 mo. USD LIBOR + 1.850%(1)(2)

    1,601,374  
    792,604    

2.45%, 09/25/2030, 1 mo. USD LIBOR + 2.300%(2)

    775,024  
    3,967,081    

2.50%, 02/25/2049, 1 mo. USD LIBOR + 2.350%(1)(2)

    3,897,152  
    735,228    

2.50%, 12/15/2026(4)

    25,628  
    776,754    

2.50%, 03/15/2028(4)

    43,044  
    607,055    

2.50%, 05/15/2028(4)

    38,347  
    3,428,916    

2.50%, 12/15/2042

    3,571,119  
    629,813    

2.60%, 03/25/2049, 1 mo. USD LIBOR + 2.450%(1)(2)

    619,791  
    1,089,223    

2.75%, 12/15/2041

    1,171,303  
    1,186,911    

3.00%, 03/15/2028(4)

    74,105  
    784,733    

3.00%, 08/01/2029

    843,321  
    688,710    

3.00%, 05/15/2032(4)

    35,313  
    8,580,146    

3.00%, 10/01/2032

    8,990,436  
    549,648    

3.00%, 03/15/2033(4)

    53,266  
    3,887,783    

3.00%, 04/01/2033

    4,074,098  
Shares or Principal Amount   Market Value  
U.S. GOVERNMENT AGENCIES - 39.8% - (continued)      
          Mortgage-Backed Agencies - 39.8% - (continued)  
          FHLMC - 4.1% - (continued)      
$     3,156,829    

3.00%, 11/01/2036

  $ 3,308,837  
    3,341,673    

3.00%, 01/01/2037

    3,500,217  
    302,000    

3.00%, 04/15/2042

    329,015  
    4,050,000    

3.00%, 08/15/2043

    4,306,113  
    6,530,501    

3.00%, 11/01/2046

    7,078,156  
    16,235,110    

3.00%, 12/01/2046

    17,111,555  
    995,000    

3.12%, 10/25/2031(3)

    1,135,053  
    803,716    

3.25%, 11/15/2041

    874,027  
    598,302    

3.50%, 06/15/2026(4)

    17,456  
    285,474    

3.50%, 09/15/2026(4)

    18,135  
    443,928    

3.50%, 03/15/2027(4)

    25,753  
    1,611,526    

3.50%, 08/01/2034

    1,731,417  
    2,406,409    

3.50%, 03/15/2041(4)

    147,230  
    2,854,115    

3.50%, 01/15/2043(4)

    434,633  
    648,810    

3.50%, 06/01/2046

    692,767  
    3,525,154    

3.50%, 10/01/2047

    3,742,704  
    4,714,194    

3.50%, 01/01/2048

    4,989,921  
    2,405,741    

3.50%, 03/01/2048

    2,629,947  
    349,632    

3.50%, 04/01/2048

    369,916  
    1,127,205    

3.50%, 05/01/2048

    1,197,113  
    2,882,583    

3.50%, 12/01/2048

    3,052,677  
    1,249,263    

4.00%, 08/01/2025

    1,325,095  
    326,035    

4.00%, 08/15/2026(4)

    18,650  
    1,347,068    

4.00%, 07/15/2027(4)

    82,112  
    1,886,518    

4.00%, 03/15/2028(4)

    126,949  
    451,927    

4.00%, 06/15/2028(4)

    32,095  
    1,142,530    

4.00%, 07/15/2030(4)

    109,318  
    3,624,979    

4.00%, 05/25/2040(4)

    444,102  
    881,616    

4.00%, 11/15/2040

    1,003,725  
    1,618,064    

4.00%, 05/01/2042

    1,782,416  
    448,602    

4.00%, 08/01/2042

    495,049  
    687,202    

4.00%, 09/01/2042

    758,360  
    286,695    

4.00%, 07/01/2044

    312,459  
    804,600    

4.00%, 02/01/2046

    878,398  
    2,406,284    

4.00%, 11/01/2047

    2,586,167  
    350,061    

4.00%, 09/01/2048

    374,170  
    345,347    

4.50%, 02/01/2039

    387,375  
    2,842,132    

4.50%, 05/01/2042

    3,195,263  
    688,370    

4.50%, 07/01/2042

    773,989  
    510,261    

4.50%, 09/01/2044

    564,839  
    1,300,359    

4.75%, 07/15/2039

    1,476,010  
    60,958    

5.00%, 03/01/2024

    66,778  
    99,533    

5.00%, 02/01/2028

    110,043  
    87,858    

5.00%, 04/01/2028

    97,168  
    79,920    

5.00%, 10/01/2028

    87,598  
    230,219    

5.00%, 09/01/2029

    259,245  
    409,450    

5.00%, 01/01/2030

    461,347  
    245,697    

5.00%, 09/01/2031

    271,732  
    211,719    

5.00%, 11/01/2031

    232,188  
    42,683    

5.00%, 09/01/2033

    48,964  
    807,403    

5.00%, 09/15/2033(4)

    140,720  
    7,093    

5.00%, 07/01/2035

    8,179  
    149,023    

5.00%, 04/01/2038

    171,691  
    284,831    

5.00%, 05/01/2039

    328,338  
    412,552    

5.00%, 08/01/2039

    475,721  
    261,554    

5.00%, 09/01/2039

    301,586  
    366,928    

5.00%, 01/01/2040

    421,662  
    130,654    

5.00%, 08/01/2040

    150,923  
    7,451    

5.00%, 02/01/2041

    8,606  
    163,625    

5.00%, 07/01/2041

    188,627  
    267,371    

5.00%, 04/01/2044

    308,104  
    956,896    

5.00%, 03/01/2047

    1,066,109  
    552,061    

5.00%, 04/01/2047

    613,851  
    265,698    

5.00%, 06/01/2047

    293,884  
 

 

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

 

 

  167  

 


The Hartford Total Return Bond Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
U.S. GOVERNMENT AGENCIES - 39.8% - (continued)      
          Mortgage-Backed Agencies - 39.8% - (continued)  
          FHLMC - 4.1% - (continued)      
$     60,921    

5.00%, 11/01/2047

  $ 69,440  
    1,187,336    

5.00%, 02/15/2048(4)

    213,010  
    655,169    

5.00%, 09/01/2048

    721,455  
    331,803    

5.00%, 10/01/2048

    365,020  
    694,621    

5.00%, 03/01/2049

    762,500  
    36,246    

5.50%, 08/15/2033

    42,073  
    584,251    

5.50%, 04/15/2036(4)

    109,983  
    6,354    

5.50%, 11/01/2037

    7,396  
    755    

5.50%, 02/01/2038

    877  
    256,447    

5.50%, 04/01/2038

    297,666  
    28,310    

5.50%, 06/01/2038

    32,807  
    1,574,410    

5.50%, 08/01/2038

    1,833,724  
    80,048    

5.50%, 05/01/2040

    92,919  
    325,833    

5.50%, 08/01/2040

    377,461  
    327,756    

5.50%, 06/01/2041

    380,459  
    2,399,074    

5.50%, 10/15/2046(4)

    509,132  
    1,220,695    

5.50%, 12/15/2046(4)

    200,629  
    47,354    

6.00%, 01/01/2023

    48,951  
    22,145    

6.00%, 11/01/2032

    24,745  
    88,653    

6.00%, 11/01/2033

    105,010  
    67,121    

6.00%, 02/01/2034

    79,511  
    95,488    

6.00%, 07/01/2034

    112,989  
    29,957    

6.00%, 08/01/2034

    35,450  
    44,688    

6.00%, 09/01/2034

    52,379  
    22,751    

6.00%, 01/01/2035

    25,526  
    26,846    

6.00%, 03/01/2035

    31,786  
    20,670    

6.00%, 05/01/2038

    23,063  
    114,229    

6.00%, 06/01/2038

    130,801  
    431,667    

6.00%, 05/15/2039

    501,571  
    437,361    

6.50%, 07/15/2036

    503,653  
     

 

 

 
        121,731,307  
     

 

 

 
          FNMA - 5.7%  
    72,011    

0.00%, 03/25/2036(14)

    65,482  
    662,769    

0.00%, 06/25/2036(14)

    620,726  
    100,000    

0.00%, 09/25/2041(14)

    78,885  
    9,058,188    

0.35%, 01/25/2030(3)(4)

    199,777  
    14,191,384    

1.57%, 05/25/2029(3)(4)

    1,361,930  
    1,753,790    

1.75%, 12/25/2042

    1,794,556  
    1,386,765    

2.00%, 09/25/2039

    1,436,950  
    624,357    

2.00%, 08/25/2043

    627,872  
    1,680,181    

2.38%, 05/25/2046(3)(4)

    93,569  
    425,579    

2.50%, 06/25/2028(4)

    24,313  
    295,828    

2.50%, 01/01/2043

    310,663  
    1,702,403    

2.50%, 02/01/2043

    1,801,823  
    1,531,426    

2.50%, 03/01/2043

    1,618,304  
    420,000    

2.50%, 03/25/2043

    443,764  
    786,341    

2.50%, 04/01/2043

    832,271  
    344,714    

2.50%, 06/01/2043

    364,467  
    604,990    

2.50%, 08/01/2043

    640,329  
    1,496,446    

2.54%, 06/25/2055(3)(4)

    88,754  
    214,775    

2.55%, 07/25/2044

    221,457  
    1,831,673    

2.61%, 04/25/2055(3)(4)

    104,086  
    1,658,992    

2.95%, 08/25/2044(3)(4)

    102,858  
    1,261,869    

3.00%, 02/25/2027(4)

    58,786  
    439,372    

3.00%, 09/25/2027(4)

    28,291  
    263,037    

3.00%, 12/25/2027(4)

    18,334  
    2,230,491    

3.00%, 01/25/2028(4)

    136,472  
    578,481    

3.00%, 01/01/2030

    606,236  
    7,525,122    

3.00%, 04/25/2033(4)

    518,330  
    1,766,349    

3.00%, 08/01/2033

    1,849,394  
    3,536,991    

3.00%, 03/01/2037

    3,713,075  
    153,194    

3.00%, 10/01/2037

    160,013  
    1,093,302    

3.00%, 05/25/2047

    1,131,864  
    4,348,967    

3.00%, 09/25/2047

    4,659,045  
Shares or Principal Amount   Market Value  
U.S. GOVERNMENT AGENCIES - 39.8% - (continued)      
          FNMA - 5.7% - (continued)  
$     3,217,761    

3.00%, 06/25/2048

  $ 3,392,803  
    3,885,805    

3.00%, 08/25/2048

    4,078,418  
    3,625,505    

3.00%, 09/01/2048

    3,807,170  
    3,470,456    

3.00%, 10/25/2048

    3,734,203  
    3,126,643    

3.00%, 08/25/2049

    3,363,090  
    600,000    

3.00%, 09/25/2057

    646,984  
    243,846    

3.24%, 12/01/2026

    272,154  
    625,927    

3.30%, 12/01/2026

    699,506  
    333,941    

3.38%, 12/01/2029

    382,174  
    526,270    

3.41%, 11/01/2024

    574,463  
    1,218,375    

3.50%, 05/25/2027(4)

    84,182  
    851,629    

3.50%, 10/25/2027(4)

    63,383  
    751,408    

3.50%, 05/25/2030(4)

    64,438  
    298,048    

3.50%, 08/25/2030(4)

    24,311  
    625,827    

3.50%, 02/25/2031(4)

    39,676  
    4,732,819    

3.50%, 08/25/2033(4)

    516,724  
    639,302    

3.50%, 09/25/2035(4)

    70,653  
    5,334,459    

3.50%, 11/25/2039(4)

    565,743  
    168,805    

3.50%, 09/01/2043

    182,533  
    1,338,242    

3.50%, 10/01/2044

    1,478,131  
    1,342,666    

3.50%, 02/01/2045

    1,441,247  
    1,963,735    

3.50%, 01/01/2046

    2,106,671  
    245,011    

3.50%, 02/01/2046

    261,577  
    1,429,239    

3.50%, 03/01/2046

    1,534,437  
    2,546,560    

3.50%, 09/01/2046

    2,714,378  
    1,225,483    

3.50%, 10/01/2046

    1,303,214  
    680,030    

3.50%, 10/25/2046(4)

    108,266  
    1,040,625    

3.50%, 11/01/2046

    1,149,309  
    6,277,697    

3.50%, 12/01/2046

    6,809,904  
    2,610,266    

3.50%, 05/01/2047

    2,793,190  
    5,036,358    

3.50%, 09/01/2047

    5,351,662  
    3,682,394    

3.50%, 11/25/2047

    4,009,046  
    3,511,149    

3.50%, 12/01/2047

    3,741,867  
    3,508,819    

3.50%, 01/01/2048

    3,719,008  
    881,459    

3.50%, 02/01/2048

    951,868  
    1,140,407    

3.50%, 02/25/2048

    1,196,201  
    500,000    

3.50%, 05/25/2048

    568,049  
    3,948,505    

3.50%, 07/01/2048

    4,213,496  
    961,039    

3.50%, 11/01/2048

    1,017,591  
    8,482,290    

3.50%, 09/01/2057

    9,378,838  
    3,591,795    

3.50%, 05/01/2058

    3,971,430  
    4,877,616    

3.50%, 12/25/2058

    5,370,895  
    200,000    

3.55%, 02/01/2030

    230,871  
    329,263    

4.00%, 06/01/2025

    349,033  
    1,608,303    

4.00%, 05/25/2027(4)

    101,135  
    1,454,647    

4.00%, 01/25/2038(4)

    186,009  
    2,057,007    

4.00%, 10/01/2040

    2,267,913  
    884,334    

4.00%, 11/01/2040

    974,408  
    936,711    

4.00%, 12/01/2040

    1,026,496  
    310,201    

4.00%, 02/01/2041

    341,121  
    881,288    

4.00%, 03/01/2041

    970,251  
    2,440,177    

4.00%, 06/01/2041

    2,662,121  
    331,261    

4.00%, 03/25/2042(4)

    33,085  
    301,007    

4.00%, 08/01/2042

    332,098  
    702,089    

4.00%, 09/01/2042

    774,602  
    177,105    

4.00%, 11/25/2042(4)

    25,518  
    308,490    

4.00%, 11/25/2043

    343,960  
    111,177    

4.00%, 06/01/2044

    122,072  
    13,945    

4.00%, 08/01/2044

    15,368  
    126,618    

4.00%, 10/01/2044

    139,356  
    235,025    

4.00%, 11/01/2044

    258,753  
    128,933    

4.00%, 03/01/2045

    140,362  
    219,577    

4.00%, 05/01/2045

    240,864  
    987,210    

4.00%, 07/01/2045

    1,096,875  
    834,994    

4.00%, 05/01/2046

    908,184  
 

 

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

 

 

  168  

 


The Hartford Total Return Bond Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
U.S. GOVERNMENT AGENCIES - 39.8% - (continued)      
          FNMA - 5.7% - (continued)  
$     896,482    

4.00%, 06/01/2046

  $ 973,318  
    1,086,198    

4.00%, 04/01/2047

    1,206,288  
    2,907,406    

4.00%, 10/01/2047

    3,124,384  
    3,052,845    

4.00%, 11/01/2047

    3,283,019  
    2,988,325    

4.00%, 05/01/2048

    3,194,675  
    2,761,653    

4.00%, 09/01/2048

    2,949,489  
    4,776,129    

4.00%, 01/01/2049

    5,094,801  
    471,938    

4.06%, 03/01/2030

    555,673  
    187,957    

4.50%, 08/01/2024

    199,286  
    12,332    

4.50%, 04/01/2025

    12,974  
    294,522    

4.50%, 07/25/2027(4)

    18,451  
    567,439    

4.50%, 09/01/2035

    626,664  
    139,772    

4.50%, 08/01/2040

    156,313  
    1,632,533    

4.50%, 10/01/2040

    1,834,171  
    69,932    

4.50%, 08/01/2041

    78,698  
    20,133    

4.50%, 09/01/2041

    22,644  
    756,790    

4.50%, 10/01/2041

    851,006  
    2,851,225    

4.50%, 08/25/2043(4)

    444,290  
    636,652    

4.50%, 09/01/2043

    715,039  
    465,986    

4.50%, 09/25/2048(4)

    72,381  
    2,189,586    

4.50%, 04/01/2049

    2,366,260  
    4,545,587    

4.50%, 01/01/2051

    5,084,844  
    40,862    

5.00%, 01/01/2022

    43,104  
    18,263    

5.00%, 11/01/2023

    20,006  
    179,500    

5.00%, 04/25/2038

    198,630  
    2,688,599    

5.00%, 12/25/2043(4)

    392,996  
    1,883,286    

5.00%, 02/01/2049

    2,068,380  
    821,629    

5.00%, 03/01/2049

    902,382  
    52,398    

5.00%, 04/01/2049

    57,557  
    136,062    

5.48%, 05/25/2042(3)(4)

    12,152  
    58,859    

5.50%, 06/01/2022

    60,207  
    106,836    

5.50%, 06/01/2033

    125,490  
    436,662    

5.50%, 07/01/2033

    512,983  
    25,263    

5.50%, 08/01/2033

    29,576  
    1,515,362    

5.50%, 11/01/2035

    1,783,906  
    358,636    

5.50%, 04/01/2036

    420,059  
    313,341    

5.50%, 04/25/2037

    365,729  
    534,048    

5.50%, 11/01/2037

    611,509  
    2,903,748    

5.50%, 11/25/2040(4)

    468,224  
    815,041    

5.50%, 06/25/2042(4)

    175,237  
    1,280,457    

5.50%, 09/25/2044(4)

    273,266  
    1,101,990    

5.50%, 07/25/2045(4)

    202,719  
    8,591    

6.00%, 11/01/2031

    9,582  
    130,001    

6.00%, 12/01/2032

    149,933  
    146,247    

6.00%, 03/01/2033

    171,485  
    292,375    

6.00%, 02/01/2037

    345,078  
    210,695    

6.00%, 12/01/2037

    246,301  
    127,614    

6.00%, 03/01/2038

    149,779  
    96,292    

6.00%, 10/01/2038

    112,247  
    2,229,925    

6.00%, 01/25/2042(4)

    304,453  
    1,475,105    

6.00%, 09/25/2047(4)

    329,303  
    1,962    

7.50%, 12/01/2029

    2,063  
    9,899    

7.50%, 03/01/2030

    11,674  
    10,961    

7.50%, 09/01/2031

    11,271  
     

 

 

 
        170,437,963  
     

 

 

 
          GNMA - 9.5%  
    1,188,019    

1.75%, 09/20/2043

    1,212,321  
    370,401    

2.00%, 10/20/2040

    374,484  
    1,114,357    

2.00%, 01/20/2042

    1,145,371  
    548,176    

2.14%, 04/20/2040

    547,619  
    1,027,981    

2.50%, 12/16/2039

    1,076,322  
    1,773,192    

2.50%, 07/20/2041

    1,858,425  
    19,200,000    

2.50%, 11/19/2050(15)

    20,110,500  
    31,700,000    

2.50%, 12/21/2050(15)

    33,126,500  
    600,027    

3.00%, 09/20/2028(4)

    41,853  
Shares or Principal Amount   Market Value  
U.S. GOVERNMENT AGENCIES - 39.8% - (continued)      
          GNMA - 9.5% - (continued)  
$     8,896,260    

3.00%, 05/20/2035(4)

  $ 626,803  
    294,283    

3.00%, 09/16/2042

    326,775  
    286,660    

3.00%, 09/20/2042

    318,366  
    129,624    

3.00%, 11/15/2042

    139,387  
    480,627    

3.00%, 02/16/2043(4)

    62,739  
    138,270    

3.00%, 06/15/2043

    143,940  
    81,882    

3.00%, 07/15/2043

    84,972  
    108,996    

3.00%, 10/15/2044

    113,211  
    164,301    

3.00%, 02/15/2045

    170,538  
    70,848    

3.00%, 03/15/2045

    73,598  
    374,462    

3.00%, 04/15/2045

    388,949  
    619,654    

3.00%, 04/20/2045

    663,557  
    83,590    

3.00%, 06/15/2045

    86,818  
    3,449,190    

3.00%, 07/15/2045

    3,581,686  
    34,097    

3.00%, 08/15/2045

    35,384  
    90,729    

3.00%, 11/20/2045

    95,604  
    169,000    

3.00%, 02/20/2046

    184,494  
    1,094,386    

3.00%, 10/20/2047

    1,141,915  
    28,573,067    

3.00%, 07/20/2050

    30,053,573  
    16,380,000    

3.00%, 11/19/2050(15)

    17,096,736  
    16,200,000    

3.00%, 12/21/2050(15)

    16,906,329  
    262,394    

3.50%, 02/16/2027(4)

    17,895  
    634,674    

3.50%, 03/20/2027(4)

    48,017  
    684,926    

3.50%, 07/20/2040(4)

    39,896  
    412,088    

3.50%, 12/20/2040

    448,790  
    893,321    

3.50%, 02/20/2041(4)

    44,729  
    1,607,060    

3.50%, 04/20/2042(4)

    118,541  
    358,521    

3.50%, 05/15/2042

    395,096  
    2,693,346    

3.50%, 10/20/2042(4)

    380,085  
    900,576    

3.50%, 12/15/2042

    989,227  
    918,942    

3.50%, 03/15/2043

    1,009,384  
    740,142    

3.50%, 04/15/2043

    801,613  
    2,438,854    

3.50%, 05/15/2043

    2,638,355  
    292,709    

3.50%, 05/20/2043(4)

    39,281  
    1,293,318    

3.50%, 07/20/2043(4)

    145,975  
    5,553,981    

3.50%, 02/20/2047

    5,936,370  
    847,342    

3.50%, 07/20/2047

    907,652  
    6,664,826    

3.50%, 08/20/2047

    7,111,917  
    246,759    

3.50%, 09/20/2047

    263,660  
    303,197    

3.50%, 10/20/2047

    323,813  
    1,427,388    

3.50%, 11/20/2047

    1,521,218  
    1,302,621    

3.50%, 03/20/2048

    1,383,060  
    6,048,488    

3.50%, 07/20/2049

    6,383,845  
    30,177,000    

3.50%, 11/19/2050(15)

    31,809,033  
    2,895,042    

3.88%, 08/15/2042

    3,177,669  
    699,361    

4.00%, 04/16/2026(4)

    45,065  
    168,255    

4.00%, 12/16/2026(4)

    10,959  
    2,415,384    

4.00%, 05/20/2029(4)

    164,628  
    1,510,547    

4.00%, 09/20/2040

    1,673,512  
    174,738    

4.00%, 10/20/2040

    193,344  
    503,646    

4.00%, 12/20/2040

    570,176  
    107,244    

4.00%, 02/15/2041

    120,413  
    222,769    

4.00%, 05/16/2042(4)

    28,984  
    513,528    

4.00%, 03/20/2043(4)

    86,167  
    196,729    

4.00%, 01/20/2044(4)

    34,436  
    3,234,832    

4.00%, 08/20/2045

    3,509,022  
    1,944,386    

4.00%, 03/20/2047(4)

    245,078  
    919,767    

4.00%, 11/20/2047

    1,018,602  
    3,392,508    

4.00%, 03/20/2048

    3,704,656  
    5,587,709    

4.00%, 07/20/2048

    5,987,177  
    30,470,000    

4.00%, 11/19/2050(15)

    32,413,653  
    24,476    

4.50%, 07/15/2033

    27,072  
    66,136    

4.50%, 05/15/2040

    74,318  
    504,367    

4.50%, 09/16/2040

    546,557  
    350,649    

4.50%, 06/15/2041

    390,534  
 

 

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

 

 

  169  

 


The Hartford Total Return Bond Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
U.S. GOVERNMENT AGENCIES - 39.8% - (continued)      
          GNMA - 9.5% - (continued)  
$     35,543    

4.50%, 09/20/2041

  $ 39,576  
    19,874    

4.50%, 05/20/2044

    22,137  
    1,014,624    

4.50%, 06/20/2044

    1,130,387  
    876,335    

4.50%, 10/20/2044

    976,036  
    762,554    

4.50%, 04/20/2045(4)

    134,348  
    1,451,814    

4.50%, 05/20/2045

    256,195  
    4,779,590    

4.50%, 08/20/2045

    817,972  
    784,232    

4.50%, 01/20/2046

    872,894  
    2,661,903    

4.50%, 12/16/2046(4)

    412,168  
    3,459,045    

4.50%, 01/20/2047(4)

    360,161  
    3,288,014    

4.50%, 05/20/2048(4)

    465,204  
    4,744,167    

4.50%, 08/20/2049

    5,147,465  
    8,380,719    

4.50%, 09/20/2049

    8,985,927  
    105,858    

5.00%, 05/20/2034

    120,556  
    34,671    

5.00%, 07/15/2039

    39,970  
    2,244,761    

5.00%, 02/16/2040(4)

    409,174  
    320,267    

5.00%, 05/20/2040(4)

    72,931  
    563,290    

5.00%, 06/15/2041

    647,028  
    778,038    

5.00%, 10/16/2041(4)

    135,125  
    874,217    

5.00%, 03/15/2044

    1,004,593  
    1,281,881    

5.00%, 06/20/2046(4)

    164,826  
    513,376    

5.00%, 01/16/2047(4)

    94,778  
    337,060    

5.00%, 09/16/2047(4)

    58,739  
    389,180    

5.00%, 06/20/2048(4)

    62,942  
    5,200,000    

5.00%, 11/19/2050(15)

    5,691,562  
    366,674    

5.50%, 05/15/2033

    427,849  
    26,503    

5.50%, 06/15/2035

    31,060  
    43,511    

5.50%, 04/15/2038

    48,369  
    289,163    

5.50%, 05/20/2038

    332,270  
    1,535,452    

5.50%, 03/20/2039(4)

    255,179  
    1,473,718    

5.50%, 02/16/2047(4)

    261,476  
    732,801    

5.50%, 02/20/2047(4)

    142,310  
    340,155    

5.50%, 05/20/2047(4)

    62,280  
    1,000,000    

5.50%, 11/19/2050(15)

    1,102,969  
    1,314,776    

5.85%, 07/20/2039(3)(4)

    213,666  
    60,258    

6.00%, 02/15/2029

    66,977  
    83,602    

6.00%, 11/15/2032

    100,076  
    101,931    

6.00%, 02/15/2033

    113,707  
    16,732    

6.00%, 07/15/2033

    18,673  
    35,119    

6.00%, 10/15/2034

    39,181  
    185,231    

6.00%, 03/15/2036

    212,262  
    2,416    

6.00%, 05/15/2036

    2,831  
    82,595    

6.00%, 10/15/2036

    99,633  
    22,131    

6.00%, 01/15/2037

    24,809  
    91,996    

6.00%, 02/15/2037

    111,060  
    147,925    

6.00%, 06/15/2037

    175,577  
    68,736    

6.00%, 11/15/2037

    78,318  
    45,551    

6.00%, 06/15/2038

    51,477  
    94,177    

6.00%, 08/15/2038

    112,861  
    194,588    

6.00%, 10/15/2038

    224,882  
    107,222    

6.00%, 11/15/2038

    124,209  
    48,855    

6.00%, 12/15/2038

    55,948  
    69,879    

6.00%, 01/15/2039

    79,391  
    2,627    

6.00%, 03/15/2039

    2,929  
    148,973    

6.00%, 04/15/2039

    166,214  
    212,835    

6.00%, 08/15/2039

    237,423  
    5,702    

6.00%, 09/15/2039

    6,351  
    30,557    

6.00%, 11/15/2039

    35,379  
    11,152    

6.00%, 06/15/2040

    12,424  
    112,748    

6.00%, 09/15/2040

    132,294  
    1,613,297    

6.00%, 09/20/2040(4)

    297,320  
    119,643    

6.00%, 12/15/2040

    139,750  
    347,251    

6.00%, 06/15/2041

    418,875  
    1,415,829    

6.00%, 02/20/2046(4)

    287,704  
    12,043    

6.50%, 09/15/2028

    13,424  
Shares or Principal Amount   Market Value  
U.S. GOVERNMENT AGENCIES - 39.8% - (continued)      
          GNMA - 9.5% - (continued)  
$     1,824    

6.50%, 10/15/2028

  $ 2,012  
    4,083    

6.50%, 12/15/2028

    4,572  
    31,063    

6.50%, 05/15/2029

    36,129  
    32,293    

6.50%, 08/15/2031

    35,626  
    3,115    

6.50%, 09/15/2031

    3,438  
    33,943    

6.50%, 10/15/2031

    38,220  
    109,844    

6.50%, 11/15/2031

    124,789  
    23,506    

6.50%, 01/15/2032

    26,745  
    12,717    

6.50%, 03/15/2032

    14,456  
    5,721    

6.50%, 04/15/2032

    6,386  
     

 

 

 
        283,302,697  
     

 

 

 
          UMBS - 20.5%  
    69,575,000    

1.50%, 11/17/2035(15)

    71,035,803  
    48,180,000    

2.00%, 11/17/2035(15)

    49,974,517  
    121,623,000    

2.00%, 11/15/2050(15)

    125,447,473  
    121,400,000    

2.00%, 12/14/2050(15)

    124,947,156  
    7,455,000    

2.50%, 11/17/2035(15)

    7,747,521  
    11,775,000    

2.50%, 11/12/2050(15)

    12,270,378  
    6,405,000    

3.00%, 11/17/2035(15)

    6,705,860  
    60,046,000    

3.00%, 11/12/2050(15)

    62,757,860  
    36,700,000    

3.00%, 12/14/2050(15)

    38,362,505  
    37,780,000    

3.50%, 11/12/2050(15)

    39,895,532  
    16,975,000    

4.00%, 11/12/2050(15)

    18,132,085  
    26,265,000    

4.50%, 11/12/2050(15)

    28,403,648  
    26,100,000    

4.50%, 12/14/2050(15)

    28,229,291  
     

 

 

 
        613,909,629  
     

 

 

 
   

Total U.S. Government Agencies
(cost $1,178,297,311)

  $ 1,189,381,596  
     

 

 

 
U.S. GOVERNMENT SECURITIES - 20.5%  
          Other Direct Federal Obligations - 0.0%  
    700,000    

Tennessee Valley Authority
4.25%, 09/15/2065

    1,025,402  
     

 

 

 
          U.S. Treasury Securities - 20.5%  
   

U.S. Treasury Bonds - 10.5%

 

    3,678,146    

1.00%, 02/15/2048(16)

    4,953,093  
    9,640,000    

1.25%, 05/15/2050

    8,757,337  
    18,435,000    

1.38%, 08/15/2050

    17,300,095  
    5,455,000    

2.25%, 08/15/2049

    6,258,547  
    18,100,000    

2.50%, 02/15/2046(17)(18)

    21,689,598  
    23,034,000    

2.88%, 11/15/2046(19)

    29,538,406  
    6,035,000    

3.00%, 05/15/2045

    7,865,538  
    17,840,000    

3.00%, 02/15/2048

    23,484,687  
    985,000    

3.13%, 02/15/2043(17)

    1,298,661  
    55,100,000    

3.13%, 08/15/2044(17)

    72,979,520  
    22,900,000    

3.13%, 05/15/2048

    30,835,387  
    63,465,000    

3.38%, 05/15/2044(17)

    87,157,773  
     

 

 

 
        312,118,642  
     

 

 

 
          U.S. Treasury Notes - 10.0%  
    5,909,580    

0.13%, 07/15/2030(16)

    6,486,687  
    30,165,000    

0.25%, 10/31/2025

    29,972,934  
    11,893,964    

0.38%, 01/15/2027(16)

    12,984,399  
    14,519,797    

0.63%, 01/15/2026(16)

    15,885,282  
    30,559,000    

0.63%, 05/15/2030

    29,962,145  
    14,675,000    

0.63%, 08/15/2030

    14,353,984  
    12,896,628    

0.88%, 01/15/2029(16)

    14,862,356  
    2,804,079    

1.00%, 02/15/2049(16)

    3,815,994  
    25,270,000    

1.63%, 02/15/2026

    26,853,323  
    7,510,000    

2.38%, 08/15/2024(17)

    8,105,813  
    25,788,000    

2.63%, 02/15/2029

    29,690,450  
    21,420,000    

2.88%, 07/31/2025

    23,951,074  
    30,700,000    

2.88%, 08/15/2028

    35,755,906  
 

 

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

 

 

  170  

 


The Hartford Total Return Bond Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
U.S. GOVERNMENT SECURITIES - 20.5% - (continued)  
          U.S. Treasury Securities - 20.5% - (continued)  
          U.S. Treasury Notes - 10.0% - (continued)  
$     30,890,000    

3.00%, 10/31/2025

  $ 34,877,947  
    10,320,000    

3.13%, 11/15/2028

    12,259,434  
     

 

 

 
        299,817,728  
     

 

 

 
   

Total U.S. Government Securities
(cost $560,210,862)

  $ 612,961,772  
     

 

 

 
COMMON STOCKS - 0.0%      
          Energy - 0.0%  
    38,914    

Ascent Resources - Marcellus LLC Class A*(20)(21)

    22,376  
    566    

California Resources Corp.*

    7,584  
    4,601    

Foresight Energy LLC*(20)(21)

    36,503  
    13,623    

Philadelphia Energy Solutions Class A*(20)(21)

    136  
     

 

 

 
        66,599  
     

 

 

 
   

Total Common Stocks
(cost $289,320)

  $ 66,599  
     

 

 

 
PREFERRED STOCKS - 0.0%      
          Banks - 0.0%  
    469    

U.S. Bancorp Series A, 3.50%(2)(7)(8)

    409,906  
     

 

 

 
   

Total Preferred Stocks
(cost $332,991)

  $ 409,906  
     

 

 

 
WARRANTS - 0.0%      
          Energy - 0.0%      
    10,075    

Ascent Resources - Marcellus LLC Expires 03/30/2023*(20)(21)

    101  
    1,301    

California Resources Corp.*(20)(21)

     
     

 

 

 
        101  
     

 

 

 
   

Total Warrants
(cost $806)

  $ 101  
     

 

 

 
   

Total Long-Term Investments
(cost $3,415,362,965)

  $ 3,534,519,688  
     

 

 

 
SHORT-TERM INVESTMENTS - 6.2%      
          Commercial Paper - 0.0%  
    350,000    

AT&T, Inc. 1.44%, 12/18/2020

    349,337  
    250,000    

Nissan Motor Acceptance Corp. 1.38%, 01/29/2021

    248,837  
     

 

 

 
        598,174  
     

 

 

 
          Repurchase Agreements - 6.1%  
    181,633,757    

Fixed Income Clearing Corp. Repurchase Agreement dated 10/31/2020 at 0.06%, due on 11/02/2020 with a maturity value of $181,634,665; collateralized by U.S. Treasury Note 2.25%, maturing 11/15/2027, U.S. Treasury Note 2.875%, maturing 05/15/2028, with a total market value of $185,266,538

    181,633,757  
     

 

 

 
          Securities Lending Collateral - 0.1%  
    3,929,358    

Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 0.02%(22)

    3,929,358  
Shares or Principal Amount   Market Value  
SHORT-TERM INVESTMENTS - 6.2% - (continued)      
          Securities Lending Collateral - 0.1% - (continued)  
$     3,966    

Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 0.03%(22)

  $ 3,966  
     

 

 

 
        3,933,324  
     

 

 

 
   

Total Short-Term Investments
(cost $186,165,572)

  $        186,165,255  
     

 

 

 
   

Total Investments Excluding Purchased Options
(cost $3,601,528,537)

    124.4   $ 3,720,684,943  
   

Total Purchased Options
(cost $824,616)

    0.0   $ 550,249  
     

 

 

   

 

 

 
   

Total Investments
(cost $3,602,353,153)

    124.4   $ 3,721,235,192  
   

Other Assets and Liabilities

    (24.4 )%      (729,655,575
     

 

 

   

 

 

 
   

Total Net Assets

    100.0   $     2,991,579,617  
     

 

 

   

 

 

 

 

Note:

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

 

    

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

 

    

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

 

    

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

    

See “Glossary” for abbreviation descriptions.

 

*

Non-income producing.

 

(1) 

Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions that are exempt from registration (typically only to qualified institutional buyers) or in a public offering registered under the Securities Act of 1933. At October 31, 2020, the aggregate value of these securities was $709,617,280, representing 23.7% of net assets.

 

(2) 

Variable rate securities; the rate reported is the coupon rate in effect at October 31, 2020. Base lending rates may be subject to a floor or cap.

 

(3) 

Variable or floating rate security, which interest rate adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. Rate shown is the rate in effect as of period end.

 

(4) 

Securities disclosed are interest-only strips.

 

(5) 

Security is exempt from registration under Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. At October 31, 2020, the aggregate value of these securities was $21,594,947, representing 0.7% of net assets.

 

(6) 

Fixed to variable rate investment. The rate shown reflects the fixed rate in effect at October 31, 2020. Rate will reset at a future date. Base lending rates may be subject to a floor or cap.

 

(7) 

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

 

 

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

 

 

  171  

 


The Hartford Total Return Bond Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

(8) 

Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information.

 

(9) 

Security is a zero-coupon bond.

 

(10) 

Senior floating rate interests generally pay interest rates which are periodically adjusted by reference to a base short-term, floating lending rate plus a premium. The base lending rates are primarily the LIBOR, and secondarily the prime rate offered by one or more major United States banks (the “Prime Rate”) and the certificate of deposit rate or other base lending rates used by commercial lenders. Senior floating rate interests often require prepayments from excess cash flows or permit the borrower to repay at its election. The rate at which the borrower repays cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. Base lending rates may be subject to a floor or cap. Unless otherwise noted, the interest rate disclosed for these securities represents the rate in effect as of October 31, 2020.

 

(11) 

Represents an unsettled loan commitment. The coupon rate will be determined at time of settlement.

 

(12) 

This security, or a portion of this security, has unfunded loan commitments. As of October 31, 2020, the aggregate value of the unfunded commitment was $493,103, which rounds to 0.0% of total net assets.

 

(13) 

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

(14) 

Securities disclosed are principal-only strips.

 

(15) 

Represents or includes a TBA transaction.

 

(16) 

The principal amount for these securities are adjusted for inflation and the interest payments equal a fixed percentage of the inflation-adjusted principal amount.

 

(17) 

All, or a portion of the security, was pledged as collateral in connection with OTC swap contracts. As of October 31, 2020, the market value of securities pledged was $10,207,895.

 

(18) 

All, or a portion of the security, was pledged as collateral in connection with futures contracts. As of October 31, 2020, the market value of securities pledged was $4,236,062.

 

(19) 

All, or a portion of the security, was pledged as collateral in connection with centrally cleared swap contracts. As of October 31, 2020, the market value of securities pledged was $28,256,023.

 

(20) 

Investment valued using significant unobservable inputs.

 

(21)

These securities are valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At October 31, 2020, the aggregate fair value of these securities was $56,581, which represented 0.0% of total net assets. This amount excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors.

 

(22) 

Current yield as of period end.

 
OTC Swaption Contracts Outstanding at October 31, 2020  

Description

  

Counter-
party

  

Exercise Price/

FX Rate/ Rate

   Pay/
Receive
Floating
Rate
     Expiration
Date
    

Notional Amount

     Number of
Contracts
     Market
Value
     Premiums
Paid
(Received)
by Fund
     Unrealized
Appreciation/
(Depreciation)
 
Purchased swaption contracts:  
Calls  

3 Month USD-LIBOR-BBA-Interest Rate Swap Expiring 10/25/2021*

   MSC    1.02%      Pay        10/25/2021      USD      8,141,000        8,141,000      $ 195,236      $ 187,243      $ 7,993  
                       

 

 

    

 

 

    

 

 

 
Puts  

3 Month USD-LIBOR-BBA-Interest Rate Swap Expiring 08/18/2022*

   UBS    0.57%      Receive        08/18/2022      USD      8,834,000        8,834,000      $ 159,123      $ 130,743      $ 28,380  

3 Month USD-LIBOR-BBA-Interest Rate Swap Expiring 10/25/2021*

   MSC    1.02%      Pay        10/25/2021      USD      8,141,000        8,141,000        195,683        187,243        8,440  

3 Month USD-LIBOR-BBA-Interest Rate Swap Expiring 11/23/2020*

   BOA    1.70%      Receive        11/23/2020      USD      12,750,000        12,750,000        207        319,387        (319,180
                       

 

 

    

 

 

    

 

 

 

Total Puts

 

   $ 355,013      $ 637,373      $ (282,360
                       

 

 

    

 

 

    

 

 

 

Total purchased OTC swaption contracts

 

               $     550,249      $     824,616      $     (274,367
                       

 

 

    

 

 

    

 

 

 

 

*

Swaptions with forward premiums.

 

OTC Swaption Contracts Outstanding at October 31, 2020  

Description

  

Counter-
party

  

Exercise Price/

FX Rate/ Rate

   Pay/
Receive
Floating
Rate
     Expiration
Date
    

Notional

Amount

    Number of
Contracts
     Market
Value
    Premiums
Paid
(Received) by
Fund
    Unrealized
Appreciation/
(Depreciation)
 
Written swaption contracts:  
Calls  

CDX.NA.IG.35.V1

   GSC    55.00%      Pay        11/18/2020      USD      (220,600,000     220,600,000      $ (81,152   $ (397,080   $ 315,928  

CDX.NA.IG.35.V1

   BNP    62.50%      Pay        11/18/2020      USD      (220,600,000     220,600,000        (518,410     (518,410      
                      

 

 

   

 

 

   

 

 

 

Total Calls

 

   $ (599,562   $ (915,490   $ 315,928  
                      

 

 

   

 

 

   

 

 

 
Written swaption contracts:  
Puts  

CDX.NA.IG.35.V1

   GSC    55.00%      Pay        11/18/2020      USD      (220,600,000     220,600,000      $ (1,362,218   $ (529,440   $ (832,778

CDX.NA.IG.35.V1

   BNP    62.50%      Pay        11/18/2020      USD      (220,600,000     220,600,000        (705,920     (705,920      
                      

 

 

   

 

 

   

 

 

 

Total Puts

 

   $ (2,068,138   $ (1,235,360   $ (832,778
                      

 

 

   

 

 

   

 

 

 

Total written OTC swaption contracts

 

   $     (2,667,700   $     (2,150,850   $     (516,850
                      

 

 

   

 

 

   

 

 

 

 

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

 

 

  172  

 


The Hartford Total Return Bond Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Futures Contracts Outstanding at October 31, 2020  

Description

   Number of
Contracts
     Expiration
Date
     Current
Notional
Amount
     Value and
Unrealized
Appreciation/
(Depreciation)
 
Long position contracts:  

Australian 10-Year Bond Future

     39        12/15/2020      $ 4,098,647      $ 55,372  

U.S. Treasury 2-Year Note Future

     239        12/31/2020        52,781,656        (1,937

U.S. Treasury 5-Year Note Future

     1,268        12/31/2020        159,262,782        (228,954

U.S. Treasury 10-Year Note Future

     981        12/21/2020            135,592,594        (986,124
           

 

 

 

Total

 

   $     (1,161,643
           

 

 

 
Short position contracts:  

Euro BUXL 30-Year Bond Future

     9        12/08/2020      $ 2,397,828      $ (95,138

Euro-BUND Future

     245        12/08/2020        50,262,512        (271,256

Euro-OAT Future

     83        12/08/2020        16,443,846        (213,613

U.S. Treasury 10-Year Ultra Future

     835        12/21/2020            131,329,844            1,560,222  

U.S. Treasury Long Bond Future

     115        12/21/2020        19,833,906        266,196  

U.S. Treasury Ultra Bond Future

     65        12/21/2020        13,975,000        544,784  
           

 

 

 

Total

 

   $ 1,791,195  
           

 

 

 

Total futures contracts

 

   $ 629,552  
           

 

 

 

 

TBA Sale Commitments Outstanding at October 31, 2020  

Description

   Principal
Amount
     Maturity
Date
     Market
Value
    Unrealized
Appreciation/
(Depreciation)
 

UMBS, 3.50%

   $     27,293,000        11/12/2050      $     (28,821,301   $ 4,187  

UMBS, 4.00%

     1,213,500        11/12/2050        (1,296,217     (237

UMBS, 5.00%

     1,288,500        11/12/2050        (1,415,739     (2,819

UMBS, 5.50%

     5,650,000        11/12/2050        (6,281,211     (32,664
        

 

 

   

 

 

 

Total (proceeds receivable $37,782,935)

         $ (37,814,468   $     (31,533
        

 

 

   

 

 

 

At October 31, 2020, the aggregate market value of TBA Sale Commitments represents (1.3)% of total net assets.

 

OTC Credit Default Swap Contracts Outstanding at October 31, 2020  

Reference Entity

   Counter-
party
     Notional
Amount (a)
     (Pay)/Receive
Fixed Rate
     Expiration
Date
     Periodic
Payment
Frequency
     Upfront
Premiums
Paid
     Upfront
Premiums
Received
    Market
Value
    Unrealized
Appreciation/
(Depreciation)
 
Credit default swaps on indices:  
Buy protection:  

ABX.HE.AAA.06

     CSI        USD       1,352        (0.18%)        07/25/2045        Monthly      $ 20      $     $ 25     $ 5  

ABX.HE.AAA.07

     GSC        USD       148,467        (0.09%)        08/25/2037        Monthly        31,304              7,421       (23,883

ABX.HE.AAA.07

     GSC        USD       650,287        (0.09%)        08/25/2037        Monthly        137,815              32,503       (105,312

ABX.HE.AAA.07

     CSI        USD       1,410,440        (0.09%)        08/25/2037        Monthly        343,697              70,391       (273,306

ABX.HE.PENAAA.06

     MSC        USD       171,328        (0.11%)        05/25/2046        Monthly        18,829              15,416       (3,413

ABX.HE.PENAAA.06

     JPM        USD       566,160        (0.11%)        05/25/2046        Monthly        62,073              50,889       (11,184

ABX.HE.PENAAA.06

     GSC        USD       456,760        (0.11%)        05/25/2046        Monthly        112,091              41,098       (70,993

CMBX.NA.AAA.12

     GSC        USD       9,450,000        (0.50%)        08/17/2061        Monthly               (33,805     3,401       37,206  

CMBX.NA.AAA.12

     JPM        USD       13,460,000        (0.50%)        08/17/2061        Monthly        238,888              5,031       (233,857

CMBX.NA.AAA.12

     GSC        USD       3,440,000        (0.50%)        08/17/2061        Monthly        8,182              1,238       (6,944

PrimeX.ARM.2(20)(21)

     MSC        USD       91,483        (4.58%)        12/25/2037        Monthly               (194     (91     103  
                   

 

 

    

 

 

   

 

 

   

 

 

 

Total

                    $     952,899      $     (33,999   $     227,322     $     (691,578
                   

 

 

    

 

 

   

 

 

   

 

 

 
Sell protection:  

ABX.HE.AAA.06

     MSC        USD       1,353        0.18%        07/25/2045        Monthly                     (25     (25

ABX.HE.AAA.07

     MSC        USD       148,467        0.09%        08/25/2037        Monthly        1,244              (7,421     (8,665

ABX.HE.AAA.07

     MSC        USD       650,286        0.09%        08/25/2037        Monthly        5,415              (32,502     (37,917

ABX.HE.AAA.07

     MSC        USD       1,410,439        0.09%        08/25/2037        Monthly        11,820              (70,497     (82,317

ABX.HE.PENAAA.06

     BCLY        USD       1,194,251        0.11%        05/25/2046        Monthly               (28,472     (107,458     (78,986

CMBX.NA.BB.8

     CSI        USD       530,000        5.00%        10/17/2057        Monthly               (135,366     (265,757     (130,391

CMBX.NA.BB.8

     GSC        USD       890,000        5.00%        10/17/2057        Monthly               (240,170     (446,271     (206,101

CMBX.NA.BB.8

     MSC        USD       1,270,000        5.00%        10/17/2057        Monthly               (333,032     (636,813     (303,781

 

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

 

 

  173  

 


The Hartford Total Return Bond Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

OTC Credit Default Swap Contracts Outstanding at October 31, 2020 – (continued)  

Reference Entity

   Counter-
party
     Notional
Amount (a)
     (Pay)/Receive
Fixed Rate
     Expiration
Date
     Periodic
Payment
Frequency
     Upfront
Premiums
Paid
     Upfront
Premiums
Received
    Market
Value
    Unrealized
Appreciation/
(Depreciation)
 
Credit default swaps on indices – (continued):  
Sell protection – (continued):  

CMBX.NA.BB.8

     MSC        USD       1,485,000        5.00%        10/17/2057        Monthly      $      $ (389,980   $ (744,620   $ (354,640

CMBX.NA.BB.8

     GSC        USD       1,625,000        5.00%        10/17/2057        Monthly               (413,162     (814,820     (401,658

CMBX.NA.BB.8

     MSC        USD       3,099,000        5.00%        10/17/2057        Monthly               (791,559     (1,553,925     (762,366

CMBX.NA.BB.8

     GSC        USD       2,890,000        5.00%        10/17/2057        Monthly               (660,910     (1,449,126     (788,216

CMBX.NA.BBB-.6

     MSC        USD       360,000        3.00%        05/11/2063        Monthly               (29,265     (116,476     (87,211

CMBX.NA.BBB-.6

     CSI        USD       815,000        3.00%        05/11/2063        Monthly               (107,634     (263,689     (156,055

CMBX.NA.BBB-.6

     DEUT        USD       1,270,000        3.00%        05/11/2063        Monthly               (179,681     (410,902     (231,221

CMBX.NA.BBB-.6

     GSC        USD       2,790,000        3.00%        05/11/2063        Monthly               (293,236     (902,923     (609,687

CMBX.NA.BBB-.6

     MSC        USD       3,725,000        3.00%        05/11/2063        Monthly               (521,498     (1,205,205     (683,707

PrimeX.ARM.2(20)(21)

     JPM        USD       91,483        4.58%        12/25/2037        Monthly        3,074              436       (2,638
                   

 

 

    

 

 

   

 

 

   

 

 

 

Total

                    $ 21,553      $ (4,123,965   $ (9,027,994   $ (4,925,582
                   

 

 

    

 

 

   

 

 

   

 

 

 

Total OTC credit default swap contracts

 

         $     974,452      $     (4,157,964   $     (8,800,672   $     (5,617,160
                   

 

 

    

 

 

   

 

 

   

 

 

 

 

(a)

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

 

Centrally Cleared Credit Default Swap Contracts Outstanding at October 31, 2020  

Reference Entity

   Notional
Amount (a)
    (Pay)/Receive
Fixed Rate
    Expiration
Date
     Periodic
Payment
Frequency
     Upfront
Premiums
Paid
(Received)
    Value     Unrealized
Appreciation/
(Depreciation)
 
Credit default swaps on indices:                                                    
Buy protection:                                                    

CDX.NA.HY.35.V1

     USD        3,585,000       (5.00 %)      12/20/2025        Quarterly      $ (151,568   $ (143,536   $ 8,032  

CDX.NA.IG.35.V1

     USD        10,250,000       (1.00 %)      12/20/2025        Quarterly        (228,002     (187,753     40,249  
               

 

 

   

 

 

   

 

 

 

Total

                $ (379,570   $ (331,289   $ 48,281  
               

 

 

   

 

 

   

 

 

 
Credit default swaps on indices:                                                    
Sell protection:                                                    

CDX.EM.34.V1

     USD        111,740,000       1.00     12/20/2025        Quarterly      $     (7,106,665   $     (6,147,700   $ 958,965  
               

 

 

   

 

 

   

 

 

 

Total centrally cleared credit default swap contracts

                $ (7,486,235   $ (6,478,989   $     1,007,246  
               

 

 

   

 

 

   

 

 

 

 

(a)

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

 

Centrally Cleared Interest Rate Swap Contracts Outstanding at October 31, 2020  

Payments made

by Fund

  

Payments received
by Fund

  

Notional
Amount

     Expiration
Date
    

Periodic
Payment
Frequency

   Upfront
Premiums
Paid
     Upfront
Premiums
Received
    Value     Unrealized
Appreciation/
(Depreciation)
 

0.08% Fixed

  

12 Mo. Federal Funds Rate

   USD     23,025,000        08/12/2025      Annual    $      $ (2,565   $ 149,636     $ 152,201  

0.27% Fixed

  

3 Mo. USD LIBOR

   USD     3,875,000        10/08/2023      Semi-Annual             (799     724       1,523  

0.38% Fixed

  

3 Mo. USD LIBOR

   USD     35,900,000        12/16/2025      Semi-Annual             (32,293     148,233       180,526  

0.84% Fixed

  

3 Mo. USD LIBOR

   USD     12,400,000        03/20/2030      Semi-Annual                   (6,422     (6,422

0.75% Fixed

  

3 Mo. USD LIBOR

   USD     27,215,000        12/16/2030      Semi-Annual             (68,681     390,373       459,054  

0.81% Fixed

  

3 Mo. USD LIBOR

   USD     15,480,000        09/16/2050      Semi-Annual      48,102              1,959,047       1,910,945  
                

 

 

    

 

 

   

 

 

   

 

 

 

Total centrally cleared interest rate swap contracts

 

         $     48,102      $     (104,338   $     2,641,591     $     2,697,827  
                

 

 

    

 

 

   

 

 

   

 

 

 

 

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

 

 

  174  

 


The Hartford Total Return Bond Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Foreign Currency Contracts Outstanding at October 31, 2020  
Amount and Description of
Currency to be Purchased
   Amount and Description of
Currency to be Sold
   Counterparty    Settlement
Date
    Appreciation     Depreciation  
  22,000      EUR      25,644      USD    HSBC      12/16/2020     $ 7     $  
  114,000      EUR      133,046      USD    SSG      12/16/2020             (124
  360,000      GBP      464,728      USD    SSG      12/16/2020       1,825        
  113,000      GBP      145,710      USD    BNP      12/16/2020       736        
  332,036      USD      440,000      CAD    HSBC      11/25/2020       1,752        
  553,133      USD      735,000      CAD    CBK      11/25/2020       1,410        
  190,261      USD      170,000      EUR    MSC      11/27/2020             (7,848
  7,728,966      USD      6,523,000      EUR    CBK      11/30/2020       126,931        
  18,423,807      USD      15,564,000      EUR    HSBC      12/16/2020       276,414        
  865,825      USD      729,000      EUR    SCB      12/16/2020       15,822        
  880,492      USD      670,000      GBP    JPM      12/16/2020       12,186        
  2,318,930      USD      47,065,000      MXN    GSC      06/10/2021       156,099        
                

 

 

   

 

 

 
 

Total Foreign Currency Contracts

    $     593,182     $     (7,972
 

 

 

   

 

 

 

 

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

Fair Value Summary

The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.

 

Description

   Total     Level 1     Level 2     Level 3(1)  

Assets

 

Asset & Commercial Mortgage-Backed Securities

   $ 572,433,903     $     $ 572,433,903     $  

Corporate Bonds

     978,811,838             978,811,838        

Foreign Government Obligations

     55,102,152             55,102,152        

Municipal Bonds

     55,253,857             55,253,857        

Senior Floating Rate Interests

     70,097,964             70,097,964        

U.S. Government Agencies

     1,189,381,596             1,189,381,596        

U.S. Government Securities

     612,961,772             612,961,772        

Common Stocks

        

Energy

     66,599       7,584             59,015  

Preferred Stocks

     409,906       409,906              

Warrants

     101                   101  

Short-Term Investments

     186,165,255       3,933,324       182,231,931        

Purchased Options

     550,249             550,249        

Foreign Currency Contracts(2)

     593,182             593,182        

Futures Contracts(2)

     2,426,574       2,426,574              

Swaps - Credit Default(2)

     1,044,560             1,044,457       103  

Swaps - Interest Rate(2)

     2,704,249             2,704,249        
  

 

 

   

 

 

   

 

 

   

 

 

 

Total

   $     3,728,003,757     $ 6,777,388     $     3,721,167,150     $     59,219  
  

 

 

   

 

 

   

 

 

   

 

 

 

Liabilities

 

Foreign Currency Contracts(2)

   $ (7,972   $     $ (7,972   $  

Futures Contracts(2)

     (1,797,022     (1,797,022            

Swaps - Credit Default(2)

     (5,654,474           (5,651,836     (2,638

Swaps - Interest Rate(2)

     (6,422           (6,422      

TBA Sale Commitments

     (37,814,468           (37,814,468      

Written Options

     (2,667,700           (2,667,700      
  

 

 

   

 

 

   

 

 

   

 

 

 

Total

   $ (47,948,058   $     (1,797,022   $ (46,148,398   $ (2,638
  

 

 

   

 

 

   

 

 

   

 

 

 

 

(1)

For the year ended October 31, 2020, investments valued at $1,241,991 were transferred out of Level 3 due to the expiration of trading restrictions and investments valued at $1,703 were transferred into Level 3 due to the unavailability of active market pricing.

 

(2)

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

Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for year ended October 31, 2020 is not presented.

 

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

 

 

  175  

 


The Hartford World Bond Fund

Schedule of Investments

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 7.9%  
          Canada - 0.1%  
$     785,000    

Canadian Pacer Auto Receivables Trust
3.63%, 01/19/2024(1)

  $ 815,332  
    1,499,000    

Master Credit Card Trust 4.02%, 07/21/2022(1)

    1,498,970  
     

 

 

 
        2,314,302  
     

 

 

 
          Cayman Islands - 1.3%  
    2,000,000    

ALM VII Ltd. 3.79%, 07/15/2029, 3 mo. USD LIBOR + 3.550%(1)(2)

    1,944,834  
    100,000    

AMMC CLO Ltd. 3.78%, 04/14/2029, 3 mo. USD LIBOR + 3.550%(1)(2)

    94,667  
    2,125,000    

Apidos CLO XII 2.84%, 04/15/2031, 3 mo. USD LIBOR + 2.600%(1)(2)

    1,904,744  
   

Apidos CLO XXXIII

 

    1,040,000    

2.97%, 07/24/2031, 3 mo. USD LIBOR + 2.700%(1)(2)

    1,039,382  
    470,000    

4.59%, 07/24/2031, 3 mo. USD LIBOR + 4.320%(1)(2)

    470,037  
    2,290,000    

Arbor Realty Collateralized Loan Obligation Ltd. 2.20%, 02/15/2035, 1 mo. USD LIBOR + 2.050%(1)(2)

    2,210,992  
    1,295,000    

Arbor Realty Commercial Real Estate Notes Ltd. 1.90%, 09/15/2034, 1 mo. USD LIBOR + 1.750%(1)(2)

    1,254,906  
    500,000    

Atrium IX 3.86%, 05/28/2030, 3 mo. USD LIBOR + 3.600%(1)(2)

    475,100  
    3,250,000    

Atrium XII 1.87%, 04/22/2027, 3 mo. USD LIBOR + 1.650%(1)(2)

    3,137,758  
    1,335,000    

BlueMountain CLO Ltd. 2.25%, 11/20/2028,
3 mo. USD LIBOR + 2.000%(1)(2)

    1,268,986  
    4,405,000    

BXMT Ltd. 1.55%, 03/15/2037, 1 mo. USD LIBOR + 1.400%(1)(2)(3)

    4,409,757  
    500,000    

Carlyle CLO Ltd. 3.01%, 04/30/2031, 3 mo. USD LIBOR + 2.800%(1)(2)

    449,113  
    2,500,000    

Carlyle Global Market Strategies CLO Ltd.

1.62%, 04/17/2031, 3 mo. USD LIBOR + 1.400%(1)(2)

    2,385,782  
    2,350,000    

Carlyle U.S. CLO Ltd. 1.64%, 01/15/2030, 3 mo. USD LIBOR + 1.400%(1)(2)

    2,266,974  
    1,015,000    

Covenant Credit Partners CLO Ltd.

2.09%, 10/15/2029, 3 mo. USD LIBOR + 1.850%(1)(2)

    990,407  
    1,000,000    

Dryden CLO Ltd. 2.64%, 07/15/2030, 3 mo. USD LIBOR + 2.400%(1)(2)

    984,109  
    1,813,463    

Falcon Aerospace Ltd. 3.60%, 09/15/2039(1)

    1,690,134  
    2,937,500    

Highbridge Loan Management Ltd.

1.70%, 02/05/2031, 3 mo. USD LIBOR + 1.450%(1)(2)

    2,824,168  
   

LCM L.P.

 

    3,010,000    

1.43%, 07/20/2030, 3 mo. USD LIBOR + 1.210%(1)(2)

    2,974,389  
    1,040,000    

1.62%, 04/20/2028, 3 mo. USD LIBOR + 1.400%(1)(2)

    1,014,390  
    2,240,000    

2.17%, 10/20/2027, 3 mo. USD LIBOR + 1.950%(1)(2)

    2,154,625  
    829,688    

Mach I 3.47%, 10/15/2039(1)

    784,465  
   

Madison Park Funding Ltd.

 

    1,000,000    

1.81%, 10/21/2030, 3 mo. USD LIBOR + 1.600%(1)(2)

    979,610  
    1,750,000    

2.12%, 04/20/2026, 3 mo. USD LIBOR + 1.900%(1)(2)

    1,738,261  
    3,000,000    

2.12%, 04/19/2030, 3 mo. USD LIBOR + 1.900%(1)(2)

    2,894,340  
    1,130,000    

2.41%, 07/23/2029, 3 mo. USD LIBOR + 2.200%(1)(2)

    1,097,501  
Shares or Principal Amount   Market Value  
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 7.9% - (continued)  
          Cayman Islands - 1.3% - (continued)  
$     2,915,449    

Northwoods Capital Ltd. 1.53%, 06/20/2029,
3 mo. USD LIBOR + 1.300%(1)(2)

  $ 2,889,370  
    2,765,000    

Octagon Investment Partners Ltd.

2.47%, 10/24/2030, 3 mo. USD LIBOR + 2.250%(1)(2)

    2,640,722  
    1,500,000    

OZLM Ltd. 2.09%, 04/15/2031, 3 mo. USD LIBOR + 1.850%(1)(2)

    1,424,044  
    1,500,000    

Sound Point CLO II Ltd. 2.07%, 01/26/2031,
3 mo. USD LIBOR + 1.850%(1)(2)

    1,407,090  
    903,516    

Thunderbolt Aircraft Lease 4.15%, 09/15/2038(1)(4)

    848,871  
    1,510,000    

Venture CLO Ltd. 1.47%, 10/15/2031, 3 mo. USD LIBOR + 1.230%(1)(2)

    1,495,219  
    2,390,000    

Voya CLO Ltd. 2.44%, 10/15/2031, 3 mo. USD LIBOR + 2.200%(1)(2)

    2,284,142  
    1,015,000    

Westcott Park CLO Ltd. 2.47%, 07/20/2028,
3 mo. USD LIBOR + 2.250%(1)(2)

    1,001,890  
    3,881,128    

Zais CLO Ltd.1.77%, 10/15/2028, 3 mo. USD LIBOR + 1.530%(1)(2)

    3,876,498  
     

 

 

 
        61,307,277  
     

 

 

 
          United States - 6.5%  
    1,538,894    

Aaset Trust 3.84%, 05/15/2039(1)

    1,431,627  
    846,437    

Ajax Mortgage Loan Trust 3.16%, 09/25/2056(1)(5)

    843,144  
    2,384,000    

AMSR Trust 2.01%, 11/17/2037(1)

    2,375,637  
   

Angel Oak Mortgage Trust LLC

 

    329,590    

2.77%, 12/25/2059(1)(5)

    329,253  
    3,535,855    

2.93%, 11/25/2059(1)(5)

    3,539,472  
    660,000    

BBCMS Mortgage Trust 1.00%, 08/15/2036, 1 mo. USD LIBOR + 0.850%(1)(2)

    634,759  
   

Benchmark Mortgage Trust

 

    20,852,499    

0.52%, 07/15/2051(5)(6)

    599,637  
    2,765,726    

1.04%, 03/15/2052(5)(6)

    195,067  
   

BFLD Trust

 

    1,535,000    

1.30%, 10/15/2035, 1 mo. USD LIBOR + 1.150%(1)(2)

    1,535,000  
    750,000    

2.20%, 11/15/2022, 1 mo. USD LIBOR + 2.050%(1)(2)(3)

    750,000  
    3,140,000    

BRAVO Residential Funding Trust
2.00%, 05/25/2059(1)(5)

    3,217,432  
   

BX Commercial Mortgage Trust

 

    4,556,630    

1.07%, 10/15/2036, 1 mo. USD LIBOR + 0.920%(1)(2)

    4,553,790  
    2,230,850    

1.23%, 10/15/2036, 1 mo. USD LIBOR + 1.080%(1)(2)

    2,225,279  
    1,512,231    

1.60%, 10/15/2036, 1 mo. USD LIBOR + 1.450%(1)(2)

    1,503,730  
    3,773,459    

2.15%, 10/15/2036, 1 mo. USD LIBOR + 2.000%(1)(2)

    3,693,500  
    1,370,000    

2.25%, 10/15/2037, 1 mo. USD LIBOR + 2.100%(1)(2)

    1,366,762  
    2,499,852    

BX Trust 2.12%, 09/15/2037, 1 mo. USD LIBOR + 1.975%(1)(2)

    2,005,465  
   

CAMB Commercial Mortgage Trust

 

    4,575,000    

1.22%, 12/15/2037, 1 mo. USD LIBOR + 1.070%(1)(2)

    4,566,321  
    895,000    

1.90%, 12/15/2037, 1 mo. USD LIBOR + 1.750%(1)(2)

    894,213  
   

Cantor Commercial Real Estate

 

    7,087,325    

1.14%, 05/15/2052(5)(6)

    518,976  
    860,000    

3.79%, 05/15/2052

    989,679  
    1,455,000    

Carmax Auto Owner Trust 2.85%, 01/15/2026

    1,500,196  
    358,335    

CF Hippolyta LLC 2.28%, 07/15/2060(1)

    359,988  
 

 

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

 

 

  176  

 


The Hartford World Bond Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 7.9% - (continued)  
          United States - 6.5% - (continued)  
$     2,333,157    

Chase Mortgage Reference Notes

2.40%, 10/25/2057, 1 mo. USD LIBOR + 2.250%(1)(2)

  $ 2,343,871  
    1,050,943    

Chesapeake Funding II LLC 0.87%, 08/16/2032(1)

    1,054,938  
   

Citigroup Commercial Mortgage Trust

 

    265,000    

4.15%, 01/10/2036(1)

    284,948  
    1,120,000    

4.68%, 01/10/2036(1)

    1,180,147  
    1,865,000    

4.75%, 01/10/2036(1)(5)

    1,904,395  
    1,981,214    

Citigroup Mortgage Loan Trust 3.23%, 11/25/2070(1)(4)

    1,996,996  
    1,027,375    

COLT Mortgage Loan Trust 1.26%, 09/25/2065(1)(5)

    1,027,309  
   

Commercial Mortgage Trust

 

    24,570,727    

0.58%, 02/10/2047(5)(6)

    402,048  
    3,250,000    

3.94%, 11/10/2047

    3,512,168  
   

Connecticut Avenue Securities Trust

 

    1,855,000    

2.20%, 01/25/2040, 1 mo. USD LIBOR + 2.050%(1)(2)

    1,817,021  
    1,699,035    

2.25%, 06/25/2039, 1 mo. USD LIBOR + 2.100%(1)(2)

    1,684,647  
    1,892,781    

2.25%, 10/25/2039, 1 mo. USD LIBOR + 2.100%(1)(2)

    1,875,999  
    2,162,917    

2.30%, 09/25/2031, 1 mo. USD LIBOR + 2.150%(1)(2)

    2,148,485  
    4,817,776    

2.30%, 11/25/2039, 1 mo. USD LIBOR + 2.150%(1)(2)

    4,338,847  
    1,486,108    

2.45%, 08/25/2031, 1 mo. USD LIBOR + 2.300%(1)(2)

    1,476,775  
    2,289,274    

2.60%, 07/25/2031, 1 mo. USD LIBOR + 2.450%(1)(2)

    2,269,151  
    2,709,000    

3.15%, 01/25/2040, 1 mo. USD LIBOR + 3.000%(1)(2)

    2,096,398  
    485,000    

3.40%, 01/25/2040, 1 mo. USD LIBOR + 3.250%(1)(2)

    381,716  
    2,400,000    

4.50%, 07/25/2031, 3 mo. USD LIBOR + 4.350%(1)(2)

    2,279,889  
    3,990,000    

5.40%, 06/25/2039, 1 mo. USD LIBOR + 5.250%(1)(2)

    3,715,956  
    1,308,643    

CoreVest American Finance Trust 1.36%, 08/15/2053(1)

    1,301,057  
   

CSAIL Commercial Mortgage Trust

 

    11,305,712    

0.61%, 08/15/2051(5)(6)

    421,659  
    48,648,906    

0.75%, 06/15/2057(5)(6)

    1,341,907  
    13,326,699    

0.83%, 04/15/2050(5)(6)

    384,613  
    748,000    

4.89%, 11/15/2051(5)

    794,448  
   

CSMC Trust

 

    2,345,000    

2.50%, 01/25/2060(1)(5)

    2,390,493  
    835,082    

3.25%, 04/25/2047(1)(5)

    863,183  
    216,040    

DBUBS Mortgage Trust
0.59%, 11/10/2046(1)(5)(6)

    4  
    986,943    

Deephaven Residential Mortgage Trust
2.79%, 10/25/2059(1)(5)

    1,000,366  
    2,425,000    

Domino’s Pizza Master Issuer LLC 3.08%, 07/25/2047(1)

    2,437,877  
    2,295,000    

Drive Auto Receivables Trust
3.78%, 04/15/2025

    2,352,891  
    6,300,000    

Eagle RE Ltd. 1.95%, 01/25/2030, 1 mo. USD LIBOR + 1.800%(1)(2)

    5,941,089  
    1,315,000    

ExteNet LLC 3.20%, 07/26/2049(1)

    1,345,919  
   

Fannie Mae Connecticut Avenue Securities

 

    1,842,515    

2.15%, 03/25/2031, 1 mo. USD LIBOR + 2.000%(2)

    1,787,027  
    2,096,973    

2.30%, 10/25/2030, 1 mo. USD LIBOR + 2.150%(2)

    2,046,886  
Shares or Principal Amount   Market Value  
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 7.9% - (continued)  
          United States - 6.5% - (continued)  
$     1,967,922    

2.35%, 08/25/2030, 1 mo. USD LIBOR + 2.200%(2)

  $ 1,909,921  
    2,426,703    

2.40%, 07/25/2030, 1 mo. USD LIBOR + 2.250%(2)

    2,390,296  
    2,457,006    

2.50%, 01/25/2031, 1 mo. USD LIBOR + 2.350%(2)

    2,398,458  
    2,208,913    

2.70%, 12/25/2030, 1 mo. USD LIBOR + 2.550%(2)

    2,166,015  
    4,598,575    

2.95%, 02/25/2030, 1 mo. USD LIBOR + 2.800%(2)

    4,587,203  
    634,569    

3.05%, 07/25/2024, 1 mo. USD LIBOR + 2.900%(2)

    631,749  
    1,945,125    

3.80%, 09/25/2029, 1 mo. USD LIBOR + 3.650%(2)

    1,963,020  
    1,737,000    

3.90%, 10/25/2030, 1 mo. USD LIBOR + 3.750%(2)

    1,600,009  
    3,650,000    

4.40%, 01/25/2031, 1 mo. USD LIBOR + 4.250%(2)

    3,421,645  
    254,642    

4.70%, 02/25/2025, 1 mo. USD LIBOR + 4.550%(2)

    258,189  
    867,336    

FCI Funding LLC 3.63%, 02/18/2031(1)

    879,780  
    4,430,000    

FirstKey Homes Trust 2.67%, 10/19/2037(1)

    4,414,882  
    2,039,588    

Five Guys Funding LLC 4.60%, 07/25/2047(1)

    2,047,818  
    990,000    

Ford Credit Auto Lease Trust 0.69%, 10/15/2023

    993,344  
    1,238,193    

Freddie Mac Strips 5.00%, 09/15/2036(6)

    233,929  
   

FREMF Mortgage Trust

 

    1,050,000    

3.53%, 02/25/2048(1)(5)

    1,067,554  
    517,000    

3.54%, 12/25/2049(1)(5)

    559,399  
    5,435,000    

3.59%, 04/25/2048(1)(5)

    5,702,992  
    1,855,000    

3.76%, 07/25/2026(1)(5)

    1,919,819  
    1,945,000    

3.87%, 02/25/2050(1)(5)

    2,048,700  
    2,500,000    

3.88%, 02/25/2050(1)(5)

    2,682,422  
    1,546,000    

3.92%, 08/25/2052(1)(5)

    1,601,426  
    4,055,000    

3.94%, 12/25/2046(1)(5)

    4,370,812  
    880,000    

3.97%, 07/25/2052(1)(5)

    905,596  
    920,000    

3.98%, 04/25/2051(1)(5)

    949,378  
    2,175,000    

4.04%, 07/25/2027(1)(5)

    2,307,460  
    2,650,000    

4.07%, 07/25/2050(1)(5)

    2,949,025  
    2,180,000    

4.08%, 09/25/2025(1)(5)

    2,264,456  
    1,925,000    

4.16%, 04/25/2049(1)(5)

    2,142,958  
    1,035,529    

FWD Securitization Trust 2.44%, 01/25/2050(1)(5)

    1,033,650  
    720,000    

GB Trust 1.75%, 08/15/2037, 1 mo. USD LIBOR + 1.600%(1)(2)

    721,671  
    739,958    

GCAT Trust 1.56%, 04/25/2065(1)(4)

    739,580  
    3,795,000    

GM Financial Automobile Leasing Trust
3.95%, 05/22/2023

    3,874,464  
    685,000    

GMF Floorplan Owner Revolving Trust
0.68%, 08/15/2025(1)

    685,664  
    3,125,000    

GS Mortgage Securities Corp. Trust

1.60%, 09/15/2031, 1 mo. USD LIBOR + 1.450%(1)(2)

    2,927,536  
   

GS Mortgage Securities Trust

 

    3,593,714    

0.96%, 02/10/2052(5)(6)

    236,636  
    9,614,060    

1.04%, 05/10/2050(5)(6)

    546,323  
    1,370,000    

Hawaii Hotel Trust 1.30%, 05/15/2038, 1 mo. USD LIBOR + 1.150%(1)(2)

    1,323,676  
   

Hertz Vehicle Financing II L.P.

 

    2,195,097    

2.65%, 07/25/2022(1)

    2,199,766  
    561,104    

2.96%, 10/25/2021(1)

    562,122  
    2,830,000    

3.03%, 12/26/2025(1)

    2,828,475  
    913,139    

3.71%, 03/25/2023(1)

    913,670  
    640,296    

HIN Timeshare Trust 1.39%, 10/09/2039(1)

    639,300  
 

 

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

 

 

  177  

 


The Hartford World Bond Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 7.9% - (continued)  
          United States - 6.5% - (continued)  
$     1,965,000    

Home Partners of America Trust 1.53%, 01/17/2041(1)

  $ 1,964,985  
    1,590,000    

Honda Auto Receivables Owner Trust
0.37%, 10/18/2024

    1,590,913  
   

Horizon Aircraft Finance Ltd.

 

    1,825,309    

3.43%, 11/15/2039(1)

    1,692,595  
    2,130,322    

4.46%, 12/15/2038(1)

    2,007,220  
    1,100,000    

InSite Issuer LLC 1.50%, 09/15/2050(1)

    1,098,253  
    5,080,000    

JP Morgan Chase Commercial Mortgage Securities Trust 3.62%, 01/16/2037(1)

    4,908,972  
    47,958,455    

JPMBB Commercial Mortgage Securities Trust 0.63%, 09/15/2047(5)(6)

    958,148  
    3,917,361    

Legacy Mortgage Asset Trust 3.25%, 11/25/2059(1)(4)

    3,917,246  
    1,899,267    

LSTAR Securities Investment Ltd.

1.65%, 04/01/2024, 1 mo. USD LIBOR + 1.500%(1)(2)

    1,879,503  
   

LSTAR Securities Investment Trust

 

    274,043    

1.65%, 04/01/2024, 1 mo. USD LIBOR + 1.500%(1)(2)

    271,849  
    761,825    

1.85%, 03/01/2024, 1 mo. USD LIBOR + 1.700%(1)(2)

    756,620  
    3,025,000    

MF1 Ltd. 2.15%, 12/25/2034, 1 mo. USD LIBOR + 2.000%(1)(2)

    2,881,757  
    1,600,000    

MF1 Multifamily Housing Mortgage Loan Trust 1.85%, 11/15/2035, 1 mo. USD LIBOR + 1.700%(1)(2)(3)

    1,600,312  
   

MFA Trust

 

    792,232    

1.79%, 08/25/2049(1)(5)

    796,222  
    1,708,004    

3.35%, 11/25/2047(1)(4)

    1,710,249  
    12,275,091    

Morgan Stanley Bank of America Merrill Lynch Trust 1.02%, 10/15/2048(5)(6)

    471,842  
   

Morgan Stanley Capital I Trust

 

    1,600,000    

1.60%, 07/15/2035, 1 mo. USD LIBOR + 1.450%(1)(2)

    1,515,973  
    3,740,000    

3.18%, 11/10/2036(1)(5)

    3,043,149  
    1,620,000    

3.74%, 12/15/2036, 1 mo. USD LIBOR + 2.244%(1)(2)

    1,511,675  
    8,837,404    

Morgan Stanley Capital Trust 1.42%, 06/15/2050(5)(6)

    548,425  
    1,040,000    

Mortgage Insurance-Linked Notes

3.05%, 11/26/2029, 1 mo. USD LIBOR + 2.900%(1)(2)

    941,576  
    1,305,000    

MSCG Trust 1.33%, 10/15/2037, 1 mo. USD LIBOR + 1.180%(1)(2)

    1,285,433  
   

Navient Private Education Refi Loan Trust

 

    3,915,425    

1.69%, 05/15/2069(1)

    3,971,670  
    3,210,000    

3.13%, 02/15/2068(1)

    3,298,764  
    815,272    

New Residential Mortgage LLC 4.09%, 07/25/2054(1)

    792,926  
    3,233,812    

New Residential Mortgage Loan Trust
4.34%, 07/25/2060(1)(4)

    3,238,334  
    1,275,000    

Nissan Auto Lease Trust 0.43%, 10/16/2023

    1,275,373  
   

NRZ Excess Spread-Collateralized Notes

 

    450,296    

3.19%, 01/25/2023(1)

    451,498  
    205,744    

3.27%, 02/25/2023(1)

    205,723  
    1,661,100    

Planet Fitness Master Issuer LLC 4.26%, 09/05/2048(1)

    1,660,735  
   

PMT Credit Risk Transfer Trust

 

    1,508,728    

2.15%, 03/27/2024, 1 mo. USD LIBOR + 2.000%(1)(2)

    1,365,228  
    637,223    

2.85%, 10/27/2022, 1 mo. USD LIBOR + 2.700%(1)(2)

    613,774  
   

Preston Ridge Partners Mortgage Trust LLC

 

    3,162,115    

2.86%, 09/25/2025(1)(4)

    3,162,716  
    1,392,573    

3.35%, 07/25/2024(1)(4)

    1,394,338  
Shares or Principal Amount   Market Value  
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 7.9% - (continued)  
          United States - 6.5% - (continued)  
$     1,399,196    

3.50%, 10/25/2024(1)(5)

  $ 1,406,439  
    755,000    

Progress Residential Trust 2.30%, 10/17/2027(1)

    751,231  
    3,505,000    

Santander Retail Auto Lease Trust 3.66%, 05/20/2024(1)

    3,611,343  
    1,284,267    

Sapphire Aviation Finance Ltd. 3.23%, 03/15/2040(1)

    1,172,874  
    2,412,850    

Sonic Capital LLC 4.03%, 02/20/2048(1)

    2,486,611  
    220,021    

START Ltd. 3.54%, 11/15/2044(1)

    202,039  
    1,521,423    

Starwood Mortgage Residential Trust
4.38%, 10/25/2048(1)(5)

    1,564,104  
    1,092,892    

Store Master Funding LLC 3.96%, 10/20/2048(1)

    1,139,880  
   

Structured Agency Credit Risk Trust

 

    872,349    

1.40%, 02/25/2047, 1 mo. USD LIBOR + 1.250%(1)(2)

    859,807  
    1,180,000    

2.25%, 09/25/2048, 1 mo. USD LIBOR + 2.100%(1)(2)

    1,151,579  
    4,101,937    

Taco Bell Funding LLC 4.32%, 11/25/2048(1)

    4,167,569  
    970,000    

Tricon American Homes Trust 3.41%, 09/17/2034(1)

    983,382  
   

Vantage Data Centers Issuer LLC

 

    3,325,000    

1.65%, 09/15/2045(1)

    3,304,348  
    1,057,517    

3.19%, 07/15/2044(1)

    1,101,478  
   

Vericrest Opportunity Loan Trust

 

    460,047    

2.98%, 02/25/2050(1)(4)

    460,395  
    1,047,211    

3.97%, 02/25/2049(1)(4)

    1,048,902  
    1,485,000    

3.97%, 03/25/2050(1)(4)

    1,413,827  
    1,655,000    

4.34%, 02/25/2050(1)(4)

    1,583,975  
    2,767,906    

Verus Securitization Trust 3.00%, 11/25/2059(1)(4)

    2,807,349  
    3,161,789    

VOLT LXXX LLC 3.23%, 10/25/2049(1)(4)

    3,164,071  
    2,015,358    

Wave USA 3.60%, 09/15/2044(1)

    1,883,541  
   

Wells Fargo Commercial Mortgage Trust

 

    2,000,000    

3.07%, 08/15/2049(5)

    1,618,483  
    935,000    

3.32%, 10/15/2050

    1,007,284  
    1,162,989    

Wells Fargo Mortgage Backed Securities Trust 3.00%, 05/25/2050(1)(5)

    1,196,469  
   

Wells Fargo N.A.

 

    1,398    

0.70%, 12/15/2052(5)(6)

    76  
    3,694,486    

0.96%, 02/15/2052(5)(6)

    231,150  
    10,343,856    

1.03%, 04/15/2052(5)(6)

    743,267  
    9,653,105    

1.36%, 03/15/2063(5)(6)

    879,810  
    3,790,000    

Westlake Automobile Receivables Trust
4.53%, 05/15/2023(1)

    3,875,751  
 

WF-RBS Commercial Mortgage Trust

 

    11,203,939    

1.19%, 03/15/2047(5)(6)

    335,339  
    4,095,000    

5.22%, 06/15/2044(1)(5)

    4,018,440  
     

 

 

 
    291,385,647  
     

 

 

 
   

Total Asset & Commercial Mortgage-Backed Securities
(cost $360,982,941)

  $ 355,007,226  
     

 

 

 
CORPORATE BONDS - 14.9%  
      Bermuda - 0.0%  
 

Fly Leasing Ltd.

 

    655,000    

5.25%, 10/15/2024

    547,826  
    1,615,000    

6.38%, 10/15/2021(7)

    1,604,470  
     

 

 

 
    2,152,296  
     

 

 

 
      Canada - 0.1%  
    3,055,000    

Bausch Health Cos., Inc.
6.13%, 04/15/2025(1)

    3,136,721  
    2,305,000    

Tervita Corp. 7.63%, 12/01/2021(1)

    2,212,800  
     

 

 

 
    5,349,521  
     

 

 

 
 

 

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

 

 

  178  

 


The Hartford World Bond Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 14.9% - (continued)  
      Cayman Islands - 0.1%  
$     3,950,000    

Park Aerospace Holdings Ltd. 5.25%, 08/15/2022(1)

  $ 4,067,746  
     

 

 

 
      Finland - 0.2%  
EUR     6,735,000    

Nokia Oyj 2.38%, 05/15/2025(8)

    8,127,884  
     

 

 

 
      France - 0.8%  
 

Altice France S.A.

 

    3,685,000    

2.50%, 01/15/2025(1)

    4,023,502  
    4,555,000    

3.38%, 01/15/2028(1)

    5,002,067  
$     2,600,000    

5.13%, 01/15/2029(1)

    2,595,905  
EUR     1,635,000    

5.88%, 02/01/2027(8)

    1,985,131  
    1,885,000    

La Financiere Atalian SASU 4.00%, 05/15/2024(8)

    1,895,650  
$     870,000    

Orange S.A. 4.13%, 09/14/2021

    897,826  
EUR     16,000,000    

Renault S.A. 1.00%, 04/18/2024(8)

    17,705,290  
     

 

 

 
    34,105,371  
     

 

 

 
      Germany - 0.1%  
    4,021,000    

Techem Verwaltungsgesellschaft 675 mbH
2.00%, 07/15/2025(1)

    4,438,696  
     

 

 

 
      Ireland - 0.1%  
$     1,470,000    

AerCap Ireland Capital DAC / AerCap Global Aviation Trust 3.65%, 07/21/2027

    1,386,975  
 

Ardagh Packaging Finance plc / Ardagh Holdings USA, Inc.

 
    1,645,000    

4.13%, 08/15/2026(1)

    1,677,900  
    1,310,000    

5.25%, 08/15/2027(1)

    1,344,715  
     

 

 

 
    4,409,590  
     

 

 

 
      Jersey - 0.1%  
 

Adient Global Holdings Ltd.

 

EUR     1,605,000    

3.50%, 08/15/2024(8)

    1,741,731  
$     960,000    

4.88%, 08/15/2026(1)

    919,085  
     

 

 

 
    2,660,816  
     

 

 

 
      Liberia - 0.0%  
    960,000    

Royal Caribbean Cruises Ltd. 9.13%, 06/15/2023(1)

    999,600  
     

 

 

 
      Luxembourg - 0.3%  
EUR     2,075,000    

Altice Financing S.A. 2.25%, 01/15/2025(1)

    2,247,484  
    1,585,000    

ARD Finance S.A. (5.00% Cash, 5.75% PIK) 5.00%, 06/30/2027(1)(9)

    1,781,586  
    7,880,000    

Medtronic Global Holdings SCA 1.00%, 07/02/2031

    9,720,466  
     

 

 

 
    13,749,536  
     

 

 

 
      Mult - 0.2%  
$     420,000    

Clarios Global L.P. / Clarios U.S. Finance Co. 8.50%, 05/15/2027(1)

    438,123  
    2,600,000    

Delta Air Lines, Inc. / SkyMiles IP Ltd.
4.75%, 10/20/2028(1)

    2,657,751  
 

Endo Dac / Endo Finance LLC / Endo Finco, Inc.

 

    1,458,000    

6.00%, 06/30/2028(1)

    1,126,305  
    2,270,000    

9.50%, 07/31/2027(1)

    2,435,052  
EUR     1,115,000    

Panther BF Aggregator 2 L.P. / Panther Finance Co., Inc. 4.38%, 05/15/2026(1)

    1,301,961  
     

 

 

 
    7,959,192  
     

 

 

 
      Netherlands - 0.6%  
    1,415,000    

Diamond (BC) B.V. 5.63%, 08/15/2025(8)

    1,614,691  
$     4,475,000    

Mondelez International Holdings Netherlands B.V. 2.00%, 10/28/2021(1)

    4,539,690  
    2,667,000    

NXP B.V. / NXP Funding LLC
3.88%, 09/01/2022(1)

    2,818,841  
    8,950,000    

Siemens Financieringsmaatschappij N.V.
2.90%, 05/27/2022(1)

    9,304,751  
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 14.9% - (continued)  
      Netherlands - 0.6% - (continued)  
 

Teva Pharmaceutical Finance Netherlands B.V.

 

$     4,550,000    

2.20%, 07/21/2021

  $ 4,479,088  
    1,900,000    

2.80%, 07/21/2023

    1,801,998  
    405,000    

6.75%, 03/01/2028

    425,402  
     

 

 

 
    24,984,461  
     

 

 

 
      Panama - 0.1%  
 

Carnival Corp.

 

    1,265,000    

9.88%, 08/01/2027(1)

    1,314,809  
EUR     695,000    

10.13%, 02/01/2026(1)

    848,892  
$     1,315,000    

11.50%, 04/01/2023(1)

    1,444,317  
     

 

 

 
    3,608,018  
     

 

 

 
      Spain - 0.0%  
EUR     1,930,000    

Banco Santander S.A.
1.00%, 12/15/2024(5)(10)

    1,924,859  
     

 

 

 
      Sweden - 0.0%  
    800,000    

Verisure Midholding AB
5.75%, 12/01/2023(8)

    924,553  
     

 

 

 
      Switzerland - 0.9%  
$     18,175,000    

Credit Suisse Group AG 7.50%, 12/11/2023,
(7.50% fixed rate until 12/11/2023; 5 year USD Swap + 4.598% thereafter)(8)(10)(11)

    19,719,875  
 

UBS Group Funding Switzerland AG

 

    9,325,000    

6.88%, 03/22/2021, (6.88% fixed rate until 03/22/2021; 5 year USD ICE Swap + 5.497% thereafter)(8)(10)(11)

    9,435,296  
    11,590,000    

7.13%, 08/10/2021, (7.13% fixed rate until 08/10/2021; 5 year USD ICE Swap + 5.883% thereafter)(8)(10)(11)

    11,850,775  
     

 

 

 
    41,005,946  
     

 

 

 
      United Kingdom - 0.3%  
    990,000    

AstraZeneca plc 3.50%, 08/17/2023

    1,070,299  
EUR     3,890,000    

Lorca Finco plc 4.25%, 09/23/2027, 3 mo. EURIBOR + 4.250%

    4,513,499  
$     7,375,000    

Sky Ltd.3.13%, 11/26/2022(1)

    7,771,110  
     

 

 

 
    13,354,908  
     

 

 

 
      United States - 11.0%  
    7,370,000    

Abbott Laboratories 2.95%, 03/15/2025

    8,075,378  
 

AbbVie, Inc.

 

    6,995,000    

2.15%, 11/19/2021(1)

    7,120,740  
    2,115,000    

2.30%, 05/14/2021

    2,133,264  
    2,190,000    

3.38%, 11/14/2021

    2,255,658  
    610,000    

Acadia Healthcare Co., Inc.
5.00%, 04/15/2029(1)

    628,483  
    815,000    

Acrisure LLC / Acrisure Finance, Inc.
8.13%, 02/15/2024(1)

    852,290  
    3,590,000    

Alabama Power Co. 2.45%, 03/30/2022

    3,687,714  
 

American Tower Corp.

 

    4,315,000    

2.40%, 03/15/2025

    4,566,061  
    770,000    

2.95%, 01/15/2025

    829,790  
    1,000,000    

4.00%, 06/01/2025

    1,122,501  
    203,534    

Anagram International, Inc. (5.00% Cash, 5.00% PIK) 10.00%, 08/15/2026(1)(9)

    169,951  
    1,085,000    

Antero Midstream Partners L.P. / Antero Midstream Finance Corp. 5.75%, 01/15/2028(1)

    965,650  
    1,370,000    

Apache Corp. 4.38%, 10/15/2028

    1,252,865  
 

APX Group, Inc.

 

    1,245,000    

6.75%, 02/15/2027(1)

    1,297,912  
    1,280,000    

7.63%, 09/01/2023(7)

    1,290,080  
 

AT&T, Inc.

 

EUR     2,535,000    

1.45%, 06/01/2022

    3,018,197  
    2,714,000    

2.65%, 12/17/2021

    3,240,554  
 

 

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

 

 

  179  

 


The Hartford World Bond Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 14.9% - (continued)  
      United States - 11.0% - (continued)  
$     3,015,000    

Avantor Funding, Inc. 4.63%, 07/15/2028(1)

  $ 3,124,143  
 

Ball Corp.

 

EUR     805,000    

0.88%, 03/15/2024

    919,286  
    1,585,000    

1.50%, 03/15/2027

    1,809,195  
$     975,000    

Beacon Roofing Supply, Inc. 4.88%, 11/01/2025(1)

    956,475  
 

Becton Dickinson and Co.

 

    4,750,000    

2.89%, 06/06/2022

    4,913,527  
    4,700,000    

3.13%, 11/08/2021

    4,821,547  
    3,775,000    

3.73%, 12/15/2024

    4,163,184  
    1,720,000    

Berry Global, Inc. 4.88%, 07/15/2026(1)

    1,799,043  
    18,525,000    

Boeing Co. 4.51%, 05/01/2023

    19,624,559  
    995,000    

Boyd Gaming Corp. 4.75%, 12/01/2027

    967,647  
    8,115,000    

Broadcom, Inc. 4.70%, 04/15/2025

    9,227,621  
 

Buckeye Partners L.P.

 

    900,000    

4.13%, 03/01/2025(1)

    852,750  
    895,000    

4.50%, 03/01/2028(1)

    850,250  
    645,000    

Cable One, Inc. 4.00%, 11/15/2030(1)(3)

    654,675  
 

Caesars Entertainment, Inc.

 

    480,000    

6.25%, 07/01/2025(1)

    491,697  
    290,000    

8.13%, 07/01/2027(1)

    302,672  
 

Caesars Resort Collection LLC / CRC Finco, Inc.

 

    1,067,000    

5.25%, 10/15/2025(1)

    1,013,330  
    460,000    

5.75%, 07/01/2025(1)

    471,790  
    1,025,000    

Cardtronics, Inc. / Cardtronics USA, Inc.
5.50%, 05/01/2025(1)

    1,033,969  
 

Centene Corp.

 

    1,350,000    

3.38%, 02/15/2030

    1,402,312  
    1,810,000    

4.63%, 12/15/2029

    1,970,610  
    3,375,000    

CenterPoint Energy, Inc. 2.50%, 09/01/2022

    3,488,356  
   

Charter Communications Operating LLC / Charter Communications Operating Capital

 
    4,756,000    

4.50%, 02/01/2024

    5,262,110  
    9,300,000    

4.91%, 07/23/2025

    10,714,477  
 

CHS/Community Health Systems, Inc.

 

    2,645,000    

6.63%, 02/15/2025(1)

    2,579,404  
    710,000    

8.13%, 06/30/2024(1)

    545,812  
 

Cigna Corp.

 

    640,000    

3.40%, 09/17/2021

    657,016  
    8,460,000    

4.13%, 11/15/2025

    9,676,008  
    1,910,000    

CNH Industrial Capital LLC 4.38%, 11/06/2020

    1,910,001  
    2,750,000    

Consolidated Edison Co. of New York, Inc.

0.63%, 06/25/2021, 3 mo. USD LIBOR + 0.400%(2)

    2,755,428  
 

Constellation Brands, Inc.

 

    1,010,000    

0.98%, 11/15/2021, 3 mo. USD LIBOR + 0.700%(2)

    1,010,053  
    1,350,000    

3.75%, 05/01/2021

    1,371,824  
 

Continental Resources, Inc.

 

    730,000    

4.38%, 01/15/2028(7)

    657,000  
    785,000    

4.90%, 06/01/2044

    648,842  
    1,270,000    

Cornerstone Building Brands, Inc. 6.13%, 01/15/2029(1)

    1,297,368  
    675,000    

Coty, Inc. 6.50%, 04/15/2026(1)

    528,221  
    1,300,000    

Cox Communications, Inc. 2.95%, 06/30/2023(1)

    1,364,524  
 

Crown Castle International Corp.

 

    3,300,000    

3.20%, 09/01/2024

    3,561,922  
    2,495,000    

5.25%, 01/15/2023

    2,737,176  
 

CVS Health Corp.

 

    7,270,000    

0.96%, 03/09/2021, 3 mo. USD LIBOR + 0.720%(2)

    7,284,373  
    1,833,000    

3.70%, 03/09/2023

    1,962,123  
    973,000    

4.10%, 03/25/2025

    1,096,979  
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 14.9% - (continued)  
      United States - 11.0% - (continued)  
 

Discovery Communications LLC

 

$     4,185,000    

2.95%, 03/20/2023

  $ 4,406,920  
    1,750,000    

3.80%, 03/13/2024

    1,904,705  
 

Dominion Energy, Inc.

 

    4,970,000    

2.45%, 01/15/2023(1)

    5,157,763  
    3,725,000    

2.72%, 08/15/2021

    3,786,871  
    4,365,000    

3.30%, 03/15/2025

    4,796,550  
    3,975,000    

Duke Energy Corp. 1.80%, 09/01/2021

    4,016,721  
    395,000    

Dun & Bradstreet Corp. 10.25%, 02/15/2027(1)

    442,281  
    5,150,000    

Eli Lilly & Co. 2.35%, 05/15/2022

    5,309,014  
    160,000    

Emergent BioSolutions, Inc. 3.88%, 08/15/2028(1)

    160,800  
 

EQM Midstream Partners L.P.

 

    1,135,000    

6.00%, 07/01/2025(1)

    1,163,375  
    930,000    

6.50%, 07/15/2048

    883,500  
    930,000    

EQT Corp. 3.90%, 10/01/2027

    893,098  
EUR     7,787,500    

Equinix, Inc. 2.88%, 02/01/2026

    9,199,518  
 

ERAC USA Finance LLC

 

$     937,000    

2.60%, 12/01/2021(1)

    955,503  
    1,550,000    

3.30%, 10/15/2022(1)

    1,626,038  
    2,325,000    

Exelon Corp. 3.95%, 06/15/2025

    2,615,948  
    965,000    

FelCor Lodging L.P. 6.00%, 06/01/2025

    948,112  
EUR     23,275,000    

Fidelity National Information Services, Inc. 0.63%, 12/03/2025

    27,827,307  
$     620,000    

FirstCash, Inc. 4.63%, 09/01/2028(1)

    629,300  
    5,910,000    

FirstEnergy Corp. 2.05%, 03/01/2025

    5,915,819  
    1,950,000    

Fiserv, Inc. 2.75%, 07/01/2024

    2,083,543  
    2,585,000    

Ford Motor Credit Co. LLC 5.13%, 06/16/2025

    2,694,320  
    7,325,000    

Fox Corp. 3.05%, 04/07/2025

    7,970,464  
 

Freedom Mortgage Corp.

 

    1,240,000    

7.63%, 05/01/2026(1)

    1,236,131  
    1,300,000    

8.25%, 04/15/2025(1)

    1,313,780  
    10,590,000    

General Motors Co. 5.40%, 10/02/2023

    11,712,222  
 

Genworth Holdings, Inc.

 

    660,000    

4.80%, 02/15/2024

    603,900  
    1,050,000    

4.90%, 08/15/2023

    971,250  
    400,000    

7.20%, 02/15/2021

    398,000  
    1,475,000    

7.63%, 09/24/2021(7)

    1,471,357  
    3,370,000    

Georgia Power Co. 2.40%, 04/01/2021(7)

    3,392,884  
 

Global Payments, Inc.

 

    1,495,000    

2.65%, 02/15/2025

    1,581,848  
    825,000    

3.75%, 06/01/2023

    882,722  
    2,975,000    

4.00%, 06/01/2023

    3,214,870  
 

Gray Television, Inc.

 

    790,000    

4.75%, 10/15/2030(1)

    778,150  
    220,000    

5.88%, 07/15/2026(1)

    228,985  
 

HCA, Inc.

 

    3,670,000    

3.50%, 09/01/2030

    3,752,904  
    1,215,000    

7.50%, 11/15/2095

    1,543,050  
    12,535,000    

Hewlett Packard Enterprise Co. 4.45%, 10/02/2023

    13,837,512  
    2,025,000    

Hill-Rom Holdings, Inc. 4.38%, 09/15/2027(1)

    2,093,344  
EUR     2,015,000    

IQVIA, Inc. 2.25%, 01/15/2028(1)

    2,306,288  
$     2,835,000    

Jacobs Entertainment, Inc. 7.88%, 02/01/2024(1)

    2,778,300  
    925,000    

Jersey Central Power & Light Co. 4.70%, 04/01/2024(1)

    1,016,731  
 

L Brands, Inc.

 

    15,000    

5.25%, 02/01/2028

    14,775  
    1,095,000    

6.63%, 10/01/2030(1)

    1,149,750  
 

Lithia Motors, Inc.

 

    1,465,000    

4.63%, 12/15/2027(1)

    1,542,059  
    1,255,000    

5.25%, 08/01/2025(1)

    1,298,925  
 

 

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

 

 

  180  

 


The Hartford World Bond Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 14.9% - (continued)  
      United States - 11.0% - (continued)  
 

McDonald’s Corp.

 

$     6,700,000    

0.65%, 10/28/2021, 3 mo. USD LIBOR + 0.430%(2)

  $ 6,722,700  
    5,875,000    

3.30%, 07/01/2025

    6,497,893  
    7,680,000    

Microchip Technology, Inc. 3.92%, 06/01/2021

    7,825,295  
    8,040,000    

Mondelez International, Inc. 2.13%, 04/13/2023

    8,333,337  
 

Navient Corp.

 

    1,300,000    

5.88%, 03/25/2021

    1,313,000  
    6,435,000    

6.63%, 07/26/2021

    6,563,700  
    4,160,000    

7.25%, 01/25/2022

    4,295,200  
    12,956,000    

NextEra Energy Capital Holdings, Inc.
2.75%, 05/01/2025

    13,949,523  
    2,848,000    

Occidental Petroleum Corp. 4.20%, 03/15/2048

    1,851,200  
    3,500,000    

Oracle Corp. 1.90%, 09/15/2021

    3,543,944  
    419,000    

Par Pharmaceutical, Inc. 7.50%, 04/01/2027(1)

    444,140  
    376,534    

Party City Holdings, Inc. 5.75%, 07/15/2025, 6 mo. USD LIBOR + 5.000%(1)(2)

    263,574  
    2,500,000    

Penn National Gaming, Inc. 5.63%, 01/15/2027(1)

    2,556,750  
   

Penske Truck Leasing Co. L.P. / PTL Finance Corp.

 

    1,000,000    

2.70%, 03/14/2023(1)

    1,043,783  
    4,815,000    

3.38%, 02/01/2022(1)

    4,963,329  
    2,225,000    

3.45%, 07/01/2024(1)

    2,412,985  
    1,083,000    

3.90%, 02/01/2024(1)

    1,177,750  
    1,625,000    

4.25%, 01/17/2023(1)

    1,748,607  
    1,225,000    

4.88%, 07/11/2022(1)

    1,312,176  
    6,865,000    

PepsiCo, Inc. 2.25%, 03/19/2025

    7,314,550  
    2,300,000    

Performance Food Group, Inc. 5.50%, 10/15/2027(1)

    2,357,500  
    2,230,000    

Presidio Holdings, Inc.
8.25%, 02/01/2028(1)

    2,363,800  
    1,825,000    

Prestige Brands, Inc. 5.13%, 01/15/2028(1)

    1,895,719  
    1,340,000    

PVH Corp. 4.63%, 07/10/2025

    1,413,701  
    865,000    

Radian Group, Inc. 4.50%, 10/01/2024

    877,975  
   

SBA Tower Trust

 

    895,000    

1.88%, 07/15/2050(1)

    922,786  
    1,665,000    

2.84%, 01/15/2050(1)

    1,764,026  
   

Southern Co.

 

    4,400,000    

2.35%, 07/01/2021

    4,449,845  
    2,400,000    

2.95%, 07/01/2023

    2,541,592  
    315,000    

Specialty Building Products Holdings LLC / SBP Finance Corp.
6.38%, 09/30/2026(1)

    321,300  
   

Sprint Spectrum Co. LLC / Sprint Spectrum Co. II LLC / Sprint Spectrum Co. III LLC

 
    3,660,000    

4.74%, 09/20/2029(1)

    3,981,055  
    4,660,000    

5.15%, 09/20/2029(1)

    5,429,879  
   

Staples, Inc.

 

    2,675,000    

7.50%, 04/15/2026(1)

    2,501,125  
    450,000    

10.75%, 04/15/2027(1)

    357,750  
    3,990,000    

Starwood Property Trust, Inc. 3.63%, 02/01/2021

    3,990,399  
    2,010,000    

Sugarhouse HSP Gaming Prop Mezz L.P. / Sugarhouse HSP Gaming Finance Corp. 5.88%, 05/15/2025(1)

    1,944,675  
    4,105,000    

T-Mobile USA, Inc. 5.13%, 04/15/2025

    4,207,625  
    8,600,000    

Thermo Fisher Scientific, Inc. 4.13%, 03/25/2025

    9,773,116  
    950,000    

TransDigm, Inc. 5.50%, 11/15/2027

    927,437  
    6,200,000    

Verizon Communications, Inc. 3.38%, 02/15/2025

    6,886,947  
    22,985,000    

Volkswagen Group of America Finance LLC 2.90%, 05/13/2022(1)

    23,731,862  
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 14.9% - (continued)  
      United States - 11.0% - (continued)  
$     850,000    

WESCO Distribution, Inc. 5.38%, 12/15/2021

  $ 848,937  
    1,126,000    

WMG Acquisition Corp. 5.50%, 04/15/2026(1)

    1,168,225  
    1,262,000    

Xerox Corp. 4.38%, 03/15/2023

    1,313,395  
    2,055,000    

Xerox Holdings Corp. 5.00%, 08/15/2025(1)

    2,028,881  
     

 

 

 
        491,626,582  
     

 

 

 
   

Total Corporate Bonds
(cost $641,710,824)

  $ 665,449,575  
     

 

 

 
FOREIGN GOVERNMENT OBLIGATIONS - 64.1%  
      Australia - 6.8%  
 

Australia Government Bond

 

AUD     12,511,000    

1.75%, 06/21/2051(8)

  $ 8,694,217  
    133,410,000    

2.75%, 11/21/2027(8)

    108,304,027  
    35,906,000    

2.75%, 11/21/2028(8)

    29,425,692  
    43,898,000    

2.75%, 05/21/2041(8)

    37,354,036  
    62,680,000    

3.00%, 03/21/2047(8)

    56,021,692  
    73,792,000    

4.75%, 04/21/2027(8)

    66,115,972  
     

 

 

 
    305,915,636  
     

 

 

 
      Azerbaijan - 0.1%  
$     4,150,000    

Republic of Azerbaijan International Bond 4.75%, 03/18/2024(8)

    4,391,986  
     

 

 

 
      Canada - 11.8%  
CAD     83,230,000    

Canada Housing Trust No. 1 2.35%, 06/15/2023(1)

    65,692,540  
 

Canadian Government Bond

 

    186,225,000    

0.25%, 11/01/2022

    139,832,988  
    115,002,000    

2.00%, 09/01/2023

    90,547,998  
    187,086,000    

2.25%, 03/01/2024

    149,542,419  
    103,274,000    

Province of Ontario Canada 1.95%, 01/27/2023

    80,202,265  
     

 

 

 
    525,818,210  
     

 

 

 
      China - 4.3%  
 

China Development Bank

 

CNY     347,940,000    

2.89%, 06/22/2025

    50,740,601  
    98,760,000    

3.07%, 03/10/2030

    13,981,788  
    760,320,000    

3.23%, 01/10/2025

    112,656,949  
    93,550,000    

China Government Bond 2.68%, 05/21/2030

    13,390,942  
     

 

 

 
    190,770,280  
     

 

 

 
      Denmark - 3.1%  
DKK     894,766,000    

Denmark Government Bond 0.25%, 11/15/2020

    139,993,364  
     

 

 

 
      Indonesia - 0.1%  
$     4,065,000    

Indonesia Government International Bond 4.13%, 01/15/2025(8)

    4,524,131  
     

 

 

 
      Italy - 1.1%  
EUR     38,350,000    

Italy Buoni Poliennali Del Tesoro 1.85%, 07/01/2025(1)(8)

    48,326,805  
     

 

 

 
      Japan - 20.1%  
 

Japan Treasury Discount Bill

 

JPY     28,589,600,000    

0.07%, 11/16/2020(12)

    273,087,332  
    11,827,350,000    

0.09%, 01/18/2021(12)

    112,992,610  
    18,726,350,000    

0.12%, 12/14/2020(12)

    178,885,822  
    34,819,000,000    

0.15%, 01/12/2021(12)

    332,637,622  
     

 

 

 
    897,603,386  
     

 

 

 
      Mexico - 0.2%  
$     8,300,000    

Mexico Government International Bond 3.90%, 04/27/2025

    9,080,200  
     

 

 

 
 

 

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

 

 

  181  

 


The Hartford World Bond Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
FOREIGN GOVERNMENT OBLIGATIONS - 64.1% - (continued)  
      New Zealand - 4.2%  
 

Housing New Zealand Ltd.

 

NZD     8,200,000    

1.53%, 09/10/2035(8)

  $ 5,473,024  
    26,240,000    

3.36%, 06/12/2025(8)

    19,689,030  
 

New Zealand Government Bond

 

    27,351,000    

1.50%, 05/15/2031

    19,850,065  
    88,065,000    

1.75%, 05/15/2041

    63,518,049  
    34,236,000    

2.75%, 04/15/2037(8)

    28,657,785  
    58,453,000    

4.50%, 04/15/2027(8)

    49,301,585  
     

 

 

 
    186,489,538  
     

 

 

 
      Norway - 3.4%  
 

Norway Government Bond

 

NOK     1,142,219,000    

1.38%, 08/19/2030(1)(8)

    127,366,814  
    223,886,000    

1.75%, 09/06/2029(1)(8)

    25,672,202  
     

 

 

 
    153,039,016  
     

 

 

 
      Qatar - 0.1%  
$     4,135,000    

Qatar Government International Bond 3.40%, 04/16/2025(8)

    4,535,591  
     

 

 

 
      Romania - 0.2%  
    10,114,000    

Romanian Government International Bond 4.88%, 01/22/2024(8)

    11,226,540  
     

 

 

 
      Saudi Arabia - 0.1%  
    4,405,000    

Saudi Government International Bond 2.50%, 02/03/2027(8)

    4,614,942  
     

 

 

 
      South Korea - 5.6%  
 

Korea Treasury Bond

 

KRW     94,542,680,000    

1.38%, 09/10/2024

    84,086,258  
    68,977,340,000    

1.50%, 03/10/2025

    61,570,700  
    115,298,380,000    

2.25%, 06/10/2025

    106,273,669  
     

 

 

 
    251,930,627  
     

 

 

 
      Sweden - 2.9%  
SEK     1,126,450,000    

Kommuninvest I Sverige AB 1.00%, 11/13/2023(8)

    130,236,807  
     

 

 

 
 

Total Foreign Government Obligations
(cost $2,764,380,856)

  $ 2,868,497,059  
     

 

 

 
SENIOR FLOATING RATE INTERESTS - 2.1%(13)  
      Denmark - 0.1%  
EUR     4,632,742    

Nets Holding A/S 3.25%, 02/06/2025, 3 mo. EURIBOR + 3.250%

  $ 5,251,625  
$     1,455,000    

Vertical U.S. Newco, Inc.

4.57%, 07/31/2027, 1 mo. USD LIBOR + 4.250%

    1,432,273  
     

 

 

 
    6,683,898  
     

 

 

 
      France - 0.0%  
    1,984,749    

Altice France S.A. 2.90%, 07/31/2025, 3 mo. USD LIBOR + 2.750%

    1,892,358  
     

 

 

 
      Luxembourg - 0.1%  
    1,014,524    

Finastra USA, Inc. 4.50%, 06/13/2024, 3 mo. USD LIBOR + 3.500%

    955,905  
 

Froneri Lux FinCo S.a.r.l.

 

EUR     1,645,000    

2.63%, 01/31/2027, 3 mo. EURIBOR + 2.625%

    1,863,164  
    100,000    

5.75%, 01/31/2028, 3 mo. EURIBOR + 5.750%

    116,538  
     

 

 

 
    2,935,607  
     

 

 

 
      Sweden - 0.1%  
    2,485,000    

Verisure Holding AB 4.00%, 07/14/2026, 3 mo. EURIBOR + 4.000%

    2,879,685  
     

 

 

 
Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 2.1%(13) - (continued)  
      United Kingdom - 0.1%  
 

Loire Finco Luxembourg S.a.r.l.

 

EUR     585,000    

3.25%, 04/20/2027, 3 mo. EURIBOR + 3.250%

  $ 663,947  
$     2,743,125    

3.65%, 04/20/2027, 1 mo. USD LIBOR + 3.500%

    2,619,684  
     

 

 

 
    3,283,631  
     

 

 

 
      United States - 1.7%  
    985,050    

Acrisure LLC 3.65%, 02/15/2027, 1 mo. USD LIBOR + 3.500%

    947,579  
 

Asurion LLC

 

    2,855,890    

3.15%, 11/03/2023, 1 mo. USD LIBOR + 3.000%

    2,800,572  
    2,367,273    

6.65%, 08/04/2025, 3 mo. USD LIBOR + 6.000%

    2,367,273  
    2,151,188    

BellRing Brands LLC 6.00%, 10/21/2024, 1 mo. USD LIBOR + 5.000%

    2,156,028  
    1,205,888    

Belron Finance U.S. LLC

2.46%, 10/30/2026, 1 mo. USD LIBOR + 2.250%

    1,169,711  
    2,927,613    

Blackhawk Network Holdings, Inc.

3.15%, 06/15/2025, 3 mo. USD LIBOR + 3.000%

    2,742,353  
    4,220,796    

Brand Industrial Services, Inc.

5.25%, 06/21/2024, 3 mo. USD LIBOR + 4.250%

    3,920,064  
    2,832,210    

Caesars Resort Collection LLC

2.90%, 12/22/2024, 3 mo. USD LIBOR + 2.750%

    2,648,909  
    1,610,963    

Cardtronics USA, Inc. 5.00%, 06/29/2027, 1 mo. USD LIBOR + 4.000%

    1,604,921  
    1,919,975    

CCC Information Services, Inc.

4.00%, 04/27/2024, 1 mo. USD LIBOR + 3.000%

    1,897,185  
    2,844,816    

Core & Main L.P. 3.75%, 08/01/2024, 3 mo. USD LIBOR + 3.000%

    2,750,596  
    3,311,637    

Coty, Inc. 2.39%, 04/05/2025, 3 mo. USD LIBOR + 2.250%

    2,891,489  
    1,749,467    

CSC Holdings LLC 2.65%, 04/15/2027, 1 mo. USD LIBOR + 2.500%

    1,691,298  
    2,222,200    

Diamond (BC) B.V. 3.15%, 09/06/2024, 3 mo. USD LIBOR + 3.000%

    2,122,201  
    3,833,655    

Dun & Bradstreet Corp. 3.91%, 02/08/2026, 1 mo. USD LIBOR + 4.000%

    3,770,553  
    2,872,517    

Epicor Software Corp. 5.25%, 07/31/2027, 1 mo. USD LIBOR + 4.250%

    2,858,873  
    3,955,396    

EVO Payments International LLC

3.40%, 12/22/2023, 3 mo. USD LIBOR + 3.250%

    3,902,987  
    2,872,035    

Flex Acquisition Co., Inc.

3.48%, 06/29/2025, 3 mo. USD LIBOR + 3.250%

    2,758,044  
   

Froneri U.S., Inc.

 

    728,175    

2.40%, 01/31/2027, 1 mo. USD LIBOR + 2.250%

    699,842  
    500,000    

5.75%, 01/31/2028, 1 mo. USD LIBOR + 5.750%

    493,125  
    3,831,050    

Golden Entertainment, Inc.

3.75%, 10/20/2024, 3 mo. USD LIBOR + 3.000%

    3,692,174  
    3,399,397    

Hostess Brands LLC 3.00%, 08/03/2025, 1 mo. USD LIBOR + 2.250%

    3,308,055  
    2,929,994    

Hub International Ltd. 3.22%, 04/25/2025, 1 mo. USD LIBOR + 3.000%

    2,813,644  
    2,544,320    

Hyland Software, Inc. 4.25%, 07/01/2024, 1 mo. USD LIBOR + 3.500%

    2,504,349  
 

 

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

 

 

  182  

 


The Hartford World Bond Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 2.1%(13) - (continued)  
      United States - 1.7% - (continued)  
$     1,945,375    

JetBlue Airways Corp. 6.25%, 06/17/2024, 1 mo. USD LIBOR + 5.250%

  $ 1,934,442  
    1,023,958    

Lower Cadence Holdings LLC

4.15%, 05/22/2026, 3 mo. USD LIBOR + 4.000%

    927,327  
    1,002,650    

Medallion Midland Acquisition LLC

4.25%, 10/30/2024, 3 mo. USD LIBOR + 3.250%

    936,224  
    1,376,708    

Microchip Technology, Inc.

2.15%, 05/29/2025, 3 mo. USD LIBOR + 2.000%

    1,360,077  
    3,829,423    

Refinitiv U.S. Holdings, Inc.

3.40%, 10/01/2025, 1 mo. USD LIBOR + 3.250%

    3,767,807  
    701,006    

Reynolds Group Holdings, Inc.

2.90%, 02/05/2023, 3 mo. USD LIBOR + 3.000%

    687,084  
    1,400,000    

Scientific Games International, Inc.

2.90%, 08/14/2024, 1 mo. USD LIBOR + 2.750%

    1,299,816  
    1,045,000    

SkyMiles IP Ltd. 4.75%, 10/20/2027, 1 mo. USD LIBOR + 3.750%

    1,039,994  
    3,681,150    

USI, Inc. 3.22%, 05/16/2024, 3 mo. USD LIBOR + 3.000%

    3,542,334  
    2,556,196    

Weight Watchers International, Inc.

5.50%, 11/29/2024, 3 mo. USD LIBOR + 4.750%

    2,548,527  
     

 

 

 
        76,555,457  
     

 

 

 
   

Total Senior Floating Rate Interests
(cost $96,336,461)

  $ 94,230,636  
     

 

 

 
U.S. GOVERNMENT AGENCIES - 2.7%      
          United States - 2.7%  
          FHLMC - 1.0%  
    2,591,463    

1.25%, 03/25/2050, 1 mo. USD LIBOR + 1.100%(1)(2)

  $ 2,589,811  
    2,008,707    

1.33%, 06/25/2030(5)(6)

    218,547  
    1,515,000    

1.45%, 09/25/2050, 1 mo. USD LIBOR + 1.300%(1)(2)

    1,517,339  
    3,264,211    

1.51%, 02/25/2035(5)(6)

    516,684  
    13,664,886    

1.52%, 01/25/2030(5)(6)

    1,635,192  
    2,528,585    

1.55%, 02/25/2049, 1 mo. USD LIBOR + 1.400%(1)(2)

    2,430,683  
    6,562,000    

1.69%, 03/25/2030(5)(6)

    886,367  
    1,539,324    

1.70%, 04/25/2030(5)(6)

    204,810  
    3,690,853    

1.72%, 09/25/2041(5)(6)

    151,152  
    2,709,712    

1.77%, 01/25/2048(5)(6)

    252,573  
    3,197,220    

1.87%, 11/25/2047(5)(6)

    420,426  
    5,823,080    

1.95%, 10/25/2047(5)(6)

    803,576  
    6,340,248    

2.00%, 10/25/2044(5)(6)

    740,157  
    2,067,395    

2.00%, 09/25/2049, 1 mo. USD LIBOR + 1.850%(1)(2)

    2,025,165  
    825,000    

2.00%, 02/25/2050, 1 mo. USD LIBOR + 1.850%(1)(2)

    807,122  
    1,479,915    

2.02%, 09/25/2046(5)(6)

    210,193  
    11,435,000    

2.03%, 02/25/2041(5)(6)

    83,657  
    1,955,000    

2.05%, 01/25/2050, 1 mo. USD LIBOR + 1.900%(1)(2)

    1,915,229  
    2,075,000    

2.10%, 08/25/2047(5)(6)

    304,058  
    7,245,592    

2.11%, 06/25/2044(5)(6)

    745,684  
    79,985    

2.20%, 04/25/2049, 1 mo. USD LIBOR + 2.050%(1)(2)

    78,617  
    1,018,243    

2.20%, 07/25/2049, 1 mo. USD LIBOR + 2.050%(1)(2)

    997,744  
Shares or Principal Amount   Market Value  
U.S. GOVERNMENT AGENCIES - 2.7% - (continued)      
          United States - 2.7% - (continued)  
          FHLMC - 1.0% - (continued)  
$     6,087,872    

2.21%, 01/25/2042(5)(6)

  $ 377,043  
    1,465,000    

2.30%, 11/25/2048, 1 mo. USD LIBOR + 2.150%(1)(2)

    1,376,305  
    1,070,000    

2.32%, 01/25/2046(5)(6)

    162,773  
    3,742,315    

2.32%, 12/25/2045(5)(6)

    565,799  
    2,380,191    

2.45%, 09/25/2030, 1 mo. USD LIBOR + 2.300%(2)

    2,327,399  
    595,000    

2.45%, 01/25/2050, 1 mo. USD LIBOR + 2.300%(1)(2)

    535,340  
    598,403    

2.60%, 12/25/2042, 1 mo. USD LIBOR + 2.450%(2)

    569,804  
    1,092,419    

2.60%, 03/25/2049, 1 mo. USD LIBOR + 2.450%(1)(2)

    1,075,036  
    1,671,418    

2.80%, 01/25/2049, 1 mo. USD LIBOR + 2.650%(1)(2)

    1,654,945  
    1,735,000    

2.89%, 10/25/2050, 3 mo. USD SOFR + 2.800(1)(2)

    1,733,914  
    7,694,490    

3.00%, 05/15/2034(6)

    568,819  
    2,570,000    

3.10%, 11/25/2049, 1 mo. USD LIBOR + 2.950%(1)(2)

    2,325,426  
    1,000,000    

3.25%, 03/25/2050, 1 mo. USD LIBOR + 3.100%(1)(2)

    983,087  
    3,816,767    

3.50%, 01/15/2033(6)

    422,270  
    1,594,972    

3.50%, 05/15/2036(6)

    178,582  
    2,155,000    

3.75%, 07/25/2050, 1 mo. USD LIBOR + 3.600%(1)(2)

    2,177,604  
    2,794,611    

4.05%, 04/25/2029, 1 mo. USD LIBOR + 3.900%(2)

    2,890,259  
    1,095,000    

4.50%, 09/25/2030, 1 mo. USD LIBOR + 4.350%(2)

    1,028,623  
    2,775,000    

4.90%, 12/25/2029, 1 mo. USD LIBOR + 4.750%(2)

    2,733,383  
    798,835    

5.00%, 02/15/2048(6)

    143,312  
     

 

 

 
        43,364,509  
     

 

 

 
          FNMA - 0.1%  
    4,549,015    

3.00%, 01/25/2028(6)

    300,236  
    4,234,572    

3.50%, 04/25/2028(6)

    303,597  
    550,000    

3.90%, 09/25/2039, 1 mo. USD LIBOR + 3.750%(1)(2)

    473,300  
    3,418,783    

4.00%, 01/25/2028(6)

    272,066  
    1,339,943    

4.00%, 04/25/2032(6)

    141,047  
    3,518,141    

4.50%, 03/25/2048(6)

    573,791  
    4,725,038    

4.50%, 05/25/2049

    654,285  
    2,193,999    

5.50%, 09/25/2044(6)

    468,228  
    999,343    

5.50%, 06/25/2048(6)

    196,317  
    3,307,684    

6.50%, 03/25/2045(6)

    876,604  
     

 

 

 
        4,259,471  
     

 

 

 
          GNMA - 0.1%  
    3,757,718    

3.50%, 10/20/2029(6)

    333,503  
    3,458,411    

3.50%, 01/20/2030(6)

    321,540  
    3,838,303    

3.50%, 11/20/2031(6)

    340,856  
    1,026,987    

4.00%, 01/16/2046(6)

    182,553  
    4,699,848    

4.50%, 12/16/2039(6)

    747,023  
    263,473    

4.50%, 04/20/2045(6)

    39,279  
    4,472,164    

4.50%, 08/20/2045

    765,359  
    1,331,239    

5.00%, 05/16/2044(6)

    212,341  
    403,909    

5.00%, 07/16/2044(6)

    73,703  
    1,263,991    

5.00%, 12/16/2045(6)

    211,742  
    2,107,071    

5.00%, 07/16/2047(6)

    370,440  
    1,021,668    

5.00%, 09/20/2047(6)

    182,141  
    1,096,527    

5.00%, 11/16/2047(6)

    193,742  
    2,231,506    

5.00%, 06/20/2048(6)

    360,903  
    4,182,836    

5.50%, 11/16/2046(6)

    839,740  
 

 

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

 

 

  183  

 


The Hartford World Bond Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
U.S. GOVERNMENT AGENCIES - 2.7% - (continued)      
          GNMA - 0.1% - (continued)  
$     879,133    

5.50%, 02/20/2047(6)

  $ 166,162  
    1,551,614    

5.85%, 07/20/2039(5)(6)

    252,154  
    1,816,360    

6.00%, 09/20/2045(6)

    363,453  
     

 

 

 
        5,956,634  
     

 

 

 
          UMBS - 1.4%  
    42,000,000    

1.50%, 11/17/2035(14)

    42,881,836  
    16,175,000    

2.00%, 11/17/2035(14)

    16,777,456  
    825,000    

2.00%, 11/15/2050(14)

    850,942  
     

 

 

 
        60,510,234  
     

 

 

 
          SLC Student Loan Trust - 0.0%  
    759,815    

1.15%, 06/15/2021, 3 mo. USD LIBOR + 0.900%(2)

    730,747  
     

 

 

 
          SLM Student Loan Trust - 0.1%  
    1,445,590    

0.97%, 04/25/2023, 3 mo. USD LIBOR + 0.750%(2)

    1,390,565  
    1,447,124    

1.72%, 04/25/2023, 3 mo. USD LIBOR + 1.500%(2)

    1,435,974  
    2,137,496    

1.92%, 07/25/2023, 3 mo. USD LIBOR + 1.700%(2)

    2,110,786  
     

 

 

 
        4,937,325  
     

 

 

 
   

Total U.S. Government Agencies
(cost $123,200,175)

  $ 119,758,920  
     

 

 

 
U.S. GOVERNMENT SECURITIES - 6.5%      
          United States - 6.5%  
          U.S. Treasury Bonds - 1.0%  
    17,332,000    

2.25%, 08/15/2049

  $ 19,885,085  
    18,461,000    

3.00%, 02/15/2047

    24,215,640  
     

 

 

 
        44,100,725  
     

 

 

 
          U.S. Treasury Notes - 5.5%  
    134,521,662    

0.13%, 04/15/2022(15)(16)

    136,208,437  
    39,617,000    

1.75%, 04/30/2022(16)(17)

    40,564,094  
    62,936,000    

2.25%, 02/15/2027(16)

    69,563,947  
     

 

 

 
        246,336,478  
     

 

 

 
   

Total U.S. Government Securities
(cost $280,083,998)

  $ 290,437,203  
     

 

 

 
CONVERTIBLE BONDS - 0.2%      
          Entertainment - 0.0%  
    735,000    

Cinemark Holdings, Inc. 4.50%, 08/15/2025(1)

  $ 634,423  
     

 

 

 
          Healthcare - Products - 0.1%  
    959,000    

Integra LifeSciences Holdings Corp. 0.50%, 08/15/2025(1)

    875,088  
    1,455,000    

NuVasive, Inc. 0.38%, 03/15/2025(1)

    1,247,662  
     

 

 

 
        2,122,750  
     

 

 

 
          Oil & Gas - 0.0%  
    1,525,000    

Pioneer Natural Resources Co. 0.25%, 05/15/2025(1)

    1,624,709  
     

 

 

 
          Pharmaceuticals - 0.1%  
    4,555,000    

Teva Pharmaceutical Finance Co. LLC 0.25%, 02/01/2026

    4,473,125  
     

 

 

 
          Software - 0.0%  
    1,959,000    

Western Digital Corp. 1.50%, 02/01/2024

    1,869,733  
     

 

 

 
   

Total Convertible Bonds
(cost $10,998,516)

  $ 10,724,740  
     

 

 

 
Shares or Principal Amount   Market Value  
COMMON STOCKS - 0.0%      
          United States - 0.0%  
$     5,754    

Caesars Entertainment, Inc.*

  $ 257,895  
    2,269    

Foresight Energy LLC*(18)(19)

    18,002  
    47,282    

Homer City Holdings LLC*

    118,205  
     

 

 

 
        394,102  
     

 

 

 
   

Total Common Stocks
(cost $2,957,870)

  $ 394,102  
     

 

 

 
PREFERRED STOCKS - 0.0%      
          United States - 0.0%  
    21,100    

GMAC Capital Trust Series 2, 6.07%(2)

  $ 543,114  
     

 

 

 
   

Total Preferred Stocks
(cost $552,899)

  $ 543,114  
     

 

 

 
CONVERTIBLE PREFERRED STOCKS - 0.2%      
          United States - 0.2%  
    2,928    

2020 Cash Mandatory Exchangeable Trust, 5.25%(1)

  $ 3,110,622  
    72,729    

American Electric Power Co., Inc., 6.13%(7)

    3,893,911  
     

 

 

 
   

Total Convertible Preferred Stocks
(cost $6,564,450)

  $ 7,004,533  
     

 

 

 
   

Total Long-Term Investments
(cost $4,287,768,990)

  $ 4,412,047,108  
     

 

 

 
SHORT-TERM INVESTMENTS - 1.8%      
          Repurchase Agreements - 1.7%  
    78,454,458    

Fixed Income Clearing Corp. Repurchase Agreement dated 10/30/2020 at 0.060%, due on 11/02/2020 with a maturity value of $78,454,850; collateralized by U.S. Treasury Note at 3.125%, maturing 11/15/2028, with a market value of $80,023,639

  $ 78,454,458  
     

 

 

 
          Securities Lending Collateral - 0.1%  
    2,862,058    

Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 0.02%(20)

    2,862,058  
    2,889    

Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 0.03%(20)

    2,889  
     

 

 

 
        2,864,947  
     

 

 

 
   

Total Short-Term Investments
(cost $81,319,405)

  $ 81,319,405  
     

 

 

 
                                                                     
   

Total Investments Excluding Purchased Options
(cost $4,369,088,395)

    100.4   $ 4,493,366,513  
     

 

 

   

 

 

 
   

Total Purchased Options
(cost $6,926,031)

    0.1   $ 3,484,020  
     

 

 

   

 

 

 
   

Total Investments
(cost $4,376,014,426)

    100.5   $ 4,496,850,533  
   

Other Assets and Liabilities

    (0.5 )%      (23,959,717
     

 

 

   

 

 

 
   

Total Net Assets

    100.0   $ 4,472,890,816  
     

 

 

   

 

 

 

 

Note:

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

 

 

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

 

 

  184  

 


The Hartford World Bond Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

    

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

 

    

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

 

    

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

    

See “Glossary” for abbreviation descriptions.

 

*

Non-income producing.

 

(1) 

Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions that are exempt from registration (typically only to qualified institutional buyers) or in a public offering registered under the Securities Act of 1933. At October 31, 2020, the aggregate value of these securities was $792,455,983, representing 17.7% of net assets.

 

(2) 

Variable rate securities; the rate reported is the coupon rate in effect at October 31, 2020. Base lending rates may be subject to a floor or cap.

 

(3) 

This security, or a portion of this security, was purchased on a when-issued, delayed-delivery or delayed-draw basis. The cost of these securities was $7,400,000 at October 31, 2020.

 

(4) 

Security is a “step-up” bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate.

 

(5) 

Variable or floating rate security, which interest rate adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. Rate shown is the rate in effect as of period end.

 

(6) 

Securities disclosed are interest-only strips.

 

(7) 

Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information.

 

(8) 

Security is exempt from registration under Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. At October 31, 2020, the aggregate value of these securities was $844,933,754, representing 18.9% of net assets.

(9) 

Security has the ability to pay in kind (“PIK”) or pay income in cash. When applicable, separate rates of such payments are disclosed.

 

(10) 

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

 

(11) 

Fixed to variable rate investment. The rate shown reflects the fixed rate in effect at October 31, 2020. Rate will reset at a future date. Base lending rates may be subject to a floor or cap.

 

(12) 

The rate shown represents current yield to maturity.

 

(13) 

Senior floating rate interests generally pay interest rates which are periodically adjusted by reference to a base short-term, floating lending rate plus a premium. The base lending rates are primarily the LIBOR, and secondarily the prime rate offered by one or more major United States banks (the “Prime Rate”) and the certificate of deposit rate or other base lending rates used by commercial lenders. Senior floating rate interests often require prepayments from excess cash flows or permit the borrower to repay at its election. The rate at which the borrower repays cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. Base lending rates may be subject to a floor or cap. Unless otherwise noted, the interest rate disclosed for these securities represents the rate in effect as of October 31, 2020.

 

(14) 

Represents or includes a TBA transaction.

 

(15) 

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

 

(16) 

All, or a portion of the security, was pledged as collateral in connection with OTC swap contracts. As of October 31, 2020, the market value of securities pledged was $26,164,764.

 

(17) 

All, or a portion of the security, was pledged as collateral in connection with futures contracts. As of October 31, 2020, the market value of securities pledged was $15,722,080.

 

(18) 

This security is valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At October 31, 2020, the aggregate fair value of this security was $18,002, which represented 0.0% of total net assets. This amount excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors.

 

(19) 

Investment valued using significant unobservable inputs.

 

(20) 

Current yield as of period end.

 
OTC Option Contracts Outstanding at October 31, 2020  

Description

  

Counter-
party

  

Exercise Price/
FX Rate/Rate

   Expiration
Date
    

Number of
Contracts

  Notional
Amount
    Market
Value
    Premiums
Paid
(Received)
by Fund
    Unrealized
Appreciation/
(Depreciation)
 
Purchased option contracts:  
Puts  

AUD Put/USD Call

   BOA    0.70    AUD      11/06/2020      116,899,000     AUD        116,899,000     $ 354,392     $ 1,040,702     $ (686,310

AUD Put/USD Call

   BOA    0.70    AUD      11/06/2020      116,901,000     AUD        116,901,000       354,398       1,074,292       (719,894

EUR Put/JPY Call

   BOA    120.00    EUR      11/06/2020      96,908,000     EUR        96,908,000       160,154       874,070       (713,916

EUR Put/JPY Call

   BOA    120.00    EUR      11/06/2020      96,909,000     EUR        96,909,000       160,155       892,444       (732,289
                  

 

 

   

 

 

   

 

 

 

Total purchased OTC option contracts

 

  $     1,029,099     $     3,881,508     $     (2,852,409
                  

 

 

   

 

 

   

 

 

 
Written option contracts:  
Puts  

AUD Put/USD Call

   BOA    0.67    AUD      11/06/2020      (116,900,000)     AUD        (116,900,000   $ (31,060   $ (474,614   $ 443,554  

AUD Put/USD Call

   BOA    0.67    AUD      11/06/2020      (116,900,000)     AUD        (116,900,000   $ (31,060     (452,374   $ 421,314  

EUR Put/JPY Call

   BOA    115.00    EUR      11/06/2020      (96,909,000)     EUR        (96,909,000     (4,740     (265,725     260,985  

EUR Put/JPY Call

   BOA    115.00    EUR      11/06/2020      (96,908,000)     EUR        (96,908,000     (4,740     (254,243     249,503  
                  

 

 

   

 

 

   

 

 

 

Total written OTC option contracts

 

          $     (71,600   $     (1,446,956   $     1,375,356  
                  

 

 

   

 

 

   

 

 

 

 

 

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

 

 

  185  

 


The Hartford World Bond Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

OTC Swaption Contracts Outstanding at October 31, 2020  

Description

  

Counter-
party

  

Exercise Price/
FX Rate/ Rate

   Pay/
Receive
Floating
Rate
     Expiration
Date
    

Notional
Amount

     Number of
Contracts
     Market
Value
     Premiums
Paid
(Received)
by Fund
     Unrealized
Appreciation/
(Depreciation)
 
Purchased swaption contracts:  
Calls  

3 Month USD-LIBOR-BBA-
Interest Rate Swap Expiring 10/25/2021

   MSC    1.02%      Pay        10/25/2021      USD     13,308,000        13,308,000      $ 319,150      $ 306,084      $ 13,066  
                      

 

 

    

 

 

    

 

 

 
Puts  

3 Month USD-LIBOR-BBA-
Interest Rate Swap Expiring 08/18/2022

   UBS    0.57%      Receive        08/18/2022      USD     21,733,000        21,733,000      $ 391,468      $ 321,649      $ 69,819  

3 Month USD-LIBOR-BBA-
Interest Rate Swap Expiring 10/25/2021

   MSC    1.02%      Pay        10/25/2021      USD     13,308,000        13,308,000        319,881        306,084        13,797  
                      

 

 

    

 

 

    

 

 

 

Total Puts

 

   $ 711,349      $ 627,733      $ 83,616  
                      

 

 

    

 

 

    

 

 

 

Total purchased OTC swaption contracts

 

      $     1,030,499      $     933,817      $     96,682  
                      

 

 

    

 

 

    

 

 

 

 

Exchange-Traded Option Contracts Outstanding at October 31, 2020  

Description

   Exercise Price/
FX Rate/ Rate
     Expiration
Date
    Number of
Contracts
     Notional
Amount
     Market
Value
     Premiums
Paid
(Received)
by Fund
     Unrealized
Appreciation/
(Depreciation)
 
Purchased option contracts:  
Calls  

U.S. Treasury Bond Futures Options

     177.00    USD        11/20/2020       849           849,000      $ 490,828      $ 556,250      $ (65,422

U.S. Treasury Bond Futures Options

     178.00    USD        11/20/2020       2,390     
 

    

 
     2,390,000        933,594        1,554,456        (620,862
                      

 

 

    

 

 

    

 

 

 

Total purchased exchange-traded option contracts

 

   $     1,424,422      $     2,110,706      $     (686,284
                      

 

 

    

 

 

    

 

 

 

 

Exchange-Traded Options Contracts Outstanding at October 31, 2020  

Description

   Exercise Price/
FX Rate/Rate
     Expiration
Date
     Number of
Contracts
    Notional
Amount
    Market
Value
    Premiums
Paid
(Received)
by Fund
    Unrealized
Appreciation/
(Depreciation)
 
Written option contracts:                                                   
Calls                                                   

U.S. Treasury Bond Futures Options

     180.00    USD        11/20/2020        (2,390     USD       (2,390,000   $ (410,781   $ (704,373   $ 293,592  

U.S. Treasury Bond Futures Options

     179.00    USD        11/20/2020        (849     USD       (849,000     (225,516     (247,609     22,093  
              

 

 

   

 

 

   

 

 

 

Total written exchange-traded option contracts

               $     (636,297   $     (951,982   $     315,685  
              

 

 

   

 

 

   

 

 

 

 

Futures Contracts Outstanding at October 31, 2020  

Description

   Number of
Contracts
     Expiration
Date
     Current
Notional
Amount
     Value and
Unrealized
Appreciation/
(Depreciation)
 
Long position contracts:  

Canadian Government 5-Year Bond Future

     43        12/18/2020      $ 4,179,614      $ (2,490

Euro-BTP Future

     161        12/08/2020        28,049,421        (84,394

Euro-OAT Future

     56        12/08/2020        11,094,643        147,957  

Euro-Schatz Future

     66        12/08/2020        8,644,837        3,001  

Long Gilt Future

     85        12/29/2020        14,940,737        (21,072

U.S. Treasury 2-Year Note Future

     1,147        12/31/2020            253,307,781        (49,099

U.S. Treasury 10-Year Ultra Future

     12        12/21/2020        1,887,375        (22,827
           

 

 

 

Total

 

   $     (28,924
           

 

 

 

 

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

 

 

  186  

 


The Hartford World Bond Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Futures Contracts Outstanding at October 31, 2020 – (continued)  

Description

   Number of
Contracts
     Expiration
Date
     Current
Notional
Amount
     Value and
Unrealized
Appreciation/
(Depreciation)
 

Short position contracts:

 

Australian 10-Year Bond Future

     1,283        12/15/2020      $ 134,834,992      $ (768,160

Canadian Government 10-Year Bond Future

     197        12/18/2020        22,333,468        89,451  

Euro-BOBL Future

     879        12/08/2020        139,093,844        (285,319

Euro-BUND Future

     112        12/08/2020        22,977,148        (152,534

U.S. Treasury 5-Year Note Future

     190        12/31/2020        23,864,297        30,894  

U.S. Treasury 10-Year Note Future

     2,401        12/21/2020            331,863,219        788,341  

U.S. Treasury Long Bond Future

     50        12/21/2020        8,623,438        170,940  

U.S. Treasury Ultra Bond Future

     619        12/21/2020        133,085,000        1,522,250  
           

 

 

 

Total

 

   $ 1,395,863  
           

 

 

 

Total futures contracts

 

   $     1,366,939  
           

 

 

 

 

TBA Sale Commitments Outstanding at October 31, 2020  

Description

   Principal
Amount
     Maturity
Date
     Market
Value
    Unrealized
Appreciation/
(Depreciation)
 

UMBS, 2.00%

   $ 23,725,000        11/15/2050      $ (24,471,040   $ 12,975  

UMBS, 3.50%

         19,725,000        11/12/2050        (20,829,523     (2,462
        

 

 

   

 

 

 

Total TBA sales commitments (proceeds receivable $45,311,076)

 

   $     (45,300,563   $     10,513  
        

 

 

   

 

 

 

At October 31, 2020, the aggregate market value of TBA Sale Commitments represents (1.0)% of total net assets.

 

OTC Credit Default Swap Contracts Outstanding at October 31, 2020  

Reference Entity

   Counter-
party
   Notional
Amount(a)
     (Pay)/Receive
Fixed Rate
   Expiration
Date
     Periodic
Payment
Frequency
     Upfront
Premiums
Paid
     Upfront
Premiums
Received
    Market
Value
    Unrealized
Appreciation/
(Depreciation)
 
Credit default swaps on indices:  
Buy protection:  

CMBX.NA.AAA.11

   MSC      USD       13,475,000      (0.50%)      11/18/2054        Monthly      $      $ (109,269   $ (74,750   $ 34,519  

CMBX.NA.BBB-.12

   MSC      USD       5,600,000      (3.00%)      08/17/2061        Monthly        1,119,653              1,181,345       61,692  
                   

 

 

    

 

 

   

 

 

   

 

 

 

Total

      $     1,119,653      $     (109,269   $     1,106,595     $ 96,211  
                   

 

 

    

 

 

   

 

 

   

 

 

 
Credit default swaps on single-name issues:  
Buy protection:  

Deutsche Bank AG

   MSC      EUR       5,470,000      (1.00%)      12/20/2024        Quarterly      $ 576,212      $     $ 363,469     $ (212,743
                   

 

 

    

 

 

   

 

 

   

 

 

 

Total OTC credit default swap contracts

 

   $ 1,695,865      $ (109,269   $ 1,470,064     $     (116,532
                   

 

 

    

 

 

   

 

 

   

 

 

 

 

(a) 

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

 

Centrally Cleared Credit Default Swap Contracts Outstanding at October 31, 2020  

Reference Entity

   Notional
Amount(a)
    (Pay)/Receive
Fixed Rate
    Expiration
Date
   Periodic
Payment
Frequency
     Upfront
Premiums
Paid
(Received)
    Value     Unrealized
Appreciation/
(Depreciation)
 
Credit default swaps on indices:  
Buy protection:  

CDX.NA.HY.34.V9

   USD      9,384,000       (5.00 %)    06/20/2025      Quarterly      $ (522,528   $ (453,868   $ 68,660  

CDX.NA.HY.35.V1

   USD      48,050,000       (5.00 %)    12/20/2025      Quarterly        (1,868,941     (1,922,382     (53,441

CDX.NA.IG.34.V1

   USD      14,450,000       (1.00 %)    06/20/2025      Quarterly        (211,863     (76,759     135,104  

CDX.NA.IG.35.V1

   USD      126,991,000       (1.00 %)    12/20/2025      Quarterly        (3,005,454     (2,325,872     679,582  

ITRAXX.FIN.SEN.34.V1

   EUR      131,125,000       (1.00 %)    12/20/2025      Quarterly        (1,808,236     (1,388,938     419,298  
               

 

 

   

 

 

   

 

 

 

Total

 

   $     (7,417,022   $     (6,167,819   $     1,249,203  
               

 

 

   

 

 

   

 

 

 
Credit default swaps on indices  
Sell protection:  

ITRAXX.EUR.34.V1

   EUR      133,870,000       1.00   12/20/2025      Quarterly      $ 3,576,371     $ 2,972,742     $ (603,629
               

 

 

   

 

 

   

 

 

 

 

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

 

 

  187  

 


The Hartford World Bond Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Centrally Cleared Credit Default Swap Contracts Outstanding at October 31, 2020 – (continued)  

Reference Entity

   Notional
Amount(a)
    (Pay)/Receive
Fixed Rate
    Expiration
Date
   Periodic
Payment
Frequency
     Upfront
Premiums
Paid
(Received)
    Value     Unrealized
Appreciation/
(Depreciation)
 
Credit default swaps on single-name issues:  
Buy protection:  

American Airlines Group, Inc.

   USD      1,525,000       (5.00 %)    12/20/2024      Quarterly      $ (58,769   $ 753,568     $ 812,337  

Bouygues S.A.

   EUR      15,175,000       (1.00 %)    12/20/2025      Quarterly        (621,890     (564,804     57,086  

Dillard’s, Inc.

   USD      3,670,000       (5.00 %)    12/20/2024      Quarterly        (461,215     (313,725     147,490  

Jaguar Land Rover Automotive

   EUR      4,250,000       (5.00 %)    12/20/2024      Quarterly        (64,558     446,006       510,564  

Kohl’s Corp.

   USD      4,080,000       (1.00 %)    12/20/2024      Quarterly        73,908       303,675       229,767  

Next plc

   EUR      13,225,000       (1.00 %)    12/20/2025      Quarterly        385,634       362,527       (23,107

Renault S.A.

   EUR      14,790,000       (1.00 %)    06/20/2025      Quarterly        1,681,990       1,220,434       (461,556

Sprint Communications, Inc.

   USD      4,090,000       (5.00 %)    06/20/2025      Quarterly        (695,117     (780,903     (85,786
               

 

 

   

 

 

   

 

 

 

Total

 

   $ 239,983     $ 1,426,778     $ 1,186,795  
               

 

 

   

 

 

   

 

 

 

Total centrally cleared credit default swap contracts

 

   $     (3,600,668   $     (1,768,299   $     1,832,369  
               

 

 

   

 

 

   

 

 

 

 

(a) 

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

 

OTC Interest Rate Swap Contracts Outstanding at October 31, 2020  

Counterparty

  

Payments made
by Fund

  

Payments received
by Fund

   Notional
Amount
     Expiration
Date
     Periodic
Payment
Frequency
     Upfront
Premiums
Paid
     Upfront
Premiums
Received
     Value     Unrealized
Appreciation/
(Depreciation)
 

MSC

  

12 Mo. EONIA

  

0.56% Fixed

     EUR       550,371,000        12/21/2023        Annual      $ 7,849      $      $ 135,217     $ 127,368  

MSC

  

12 Mo. SONIA

  

0.10% Fixed

     GBP       166,974,000        12/15/2022        Annual        94,727                   (61,284         (156,011
                   

 

 

    

 

 

    

 

 

   

 

 

 

Total OTC interest rate swap contracts

 

         $     102,576      $     —      $ 73,933     $ (28,643
                   

 

 

    

 

 

    

 

 

   

 

 

 

 

Centrally Cleared Interest Rate Swap Contracts Outstanding at October 31, 2020  

Payments made
by Fund

  

Payments received
by Fund

  

Notional
Amount

     Expiration
Date
    

Periodic
Payment
Frequency

   Upfront
Premiums
Paid
     Upfront
Premiums
Received
    Value     Unrealized
Appreciation/
(Depreciation)
 

12 Mo. SONIA

  

0.00% Fixed

   GBP     698,624,000        09/15/2022      Annual    $     518,713      $     $ 642,218     $ 123,505  

3 Mo. CAD CDOR

  

1.09% Fixed

   CAD     35,760,000        06/15/2025      Semi-Annual      11,642              160,041       148,399  

3 Mo. CAD CDOR

  

0.81% Fixed

   CAD     20,462,000        12/16/2025      Semi-Annual             (2,828     4,538       7,366  

3 Mo. CAD CDOR

  

0.84% Fixed

   CAD     19,756,000        12/16/2025      Semi-Annual      33,525              32,817       (708

3 Mo. CAD CDOR

  

1.06% Fixed

   CAD     9,208,000        12/16/2030      Semi-Annual             (5,468     (61,681     (56,213

0.50% Fixed

  

3 Mo. NZD NZDBBR FRA

   NZD     45,318,000        12/16/2025      Semi-Annual                 (461,440         (578,391     (116,951

3 Mo. NZD NZDBBR FRA

  

1.01% Fixed

   NZD     22,637,000        03/18/2031      Semi-Annual      5,162              16,446       11,284  

0.34% Fixed

  

3 Mo. SEK STIBOR

   SEK     245,486,000        09/21/2025      Annual      3,281              (204,439         (207,720

0.25% Fixed

  

3 Mo. SEK STIBOR

   SEK     271,900,000        12/16/2025      Annual      30,201              (311,118     (341,319

0.34% Fixed

  

3 Mo. SEK STIBOR

   SEK     58,714,000        03/17/2031      Annual      13,599              (16,355     (29,954

0.40% Fixed

  

3 Mo. USD LIBOR

   USD     36,925,000        10/08/2025      Semi-Annual             (17,628     67,455       85,083  

3 Mo. USD LIBOR

  

0.44% Fixed

   USD     14,966,000        12/16/2025      Semi-Annual      72,450              (18,939     (91,389

3 Mo. USD LIBOR

  

0.47% Fixed

   USD     22,271,000        03/15/2026      Semi-Annual             (17,982     (130,674     (112,692

3 Mo. USD LIBOR

  

0.69% Fixed

   USD     6,849,000        12/16/2030      Semi-Annual      20,835              (140,127     (160,962

3 Mo. USD LIBOR

  

1.06% Fixed

   USD     15,055,000        12/17/2030      Semi-Annual             (24,761     (205,409     (180,648

6 Mo. AUD BBSW

  

0.59% Fixed

   AUD     21,113,000        12/16/2025      Semi-Annual             (3,371     234,543       237,914  

6 Mo. AUD BBSW

  

0.56% Fixed

   AUD     30,466,000        03/15/2026      Semi-Annual      18,110              58,654       40,544  

6 Mo. AUD BBSW

  

1.09% Fixed

   AUD     9,777,000        12/16/2030      Semi-Annual      17,928              199,133       181,205  

6 Mo. AUD BBSW

  

1.44% Fixed

   AUD     21,134,000        03/18/2031      Semi-Annual          46,174              34,041       (12,133

0.16% Fixed

  

6 Mo. EUR EURIBOR

   EUR     22,018,000        09/21/2025      Annual             (4,985     (243,191     (238,206

0.22% Fixed

  

6 Mo. EUR EURIBOR

   EUR     25,731,000        12/16/2025      Annual      3,631              (415,239     (418,870

0.00% Fixed

  

6 Mo. EUR EURIBOR

   EUR     5,713,000        12/16/2030      Annual      6,722              (184,114     (190,836

0.66% Fixed

  

6 Mo. GBP LIBOR

   GBP     20,818,000        06/15/2025      Semi-Annual             (8,217     (299,571     (291,354

0.38% Fixed

  

6 Mo. GBP LIBOR

   GBP     11,332,000        12/16/2025      Semi-Annual             (35,229     (108,380     (73,151

0.53% Fixed

  

6 Mo. GBP LIBOR

   GBP     5,245,000        12/16/2030      Semi-Annual             (35,208     (55,898     (20,690

0.59% Fixed

  

6 Mo. GBP LIBOR

   GBP     11,752,000        03/18/2031      Semi-Annual      96,046              71,694       (24,352

0.13% Fixed

  

6 Mo. JPY LIBOR

   JPY     2,811,383,000        12/15/2024      Semi-Annual      8,154              71,550       63,396  

0.06% Fixed

  

6 Mo. JPY LIBOR

   JPY     702,782,000        03/17/2031      Semi-Annual             (14,199     (78     14,121  

 

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

 

 

  188  

 


The Hartford World Bond Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Centrally Cleared Interest Rate Swap Contracts Outstanding at October 31, 2020 – (continued)  

Payments made
by Fund

  

Payments received
by Fund

  

Notional
Amount

     Expiration
Date
    

Periodic
Payment
Frequency

   Upfront
Premiums
Paid
     Upfront
Premiums
Received
    Value     Unrealized
Appreciation/
(Depreciation)
 

6 Mo. NOK NIBOR

  

0.72% Fixed

   NOK     140,015,000        12/16/2025      Annual    $      $ (11,341   $ 18,166     $ 29,507  

6 Mo. NOK NIBOR

  

0.91% Fixed

   NOK     217,819,000        12/21/2025      Annual             (3,960     45,307       49,267  

6 Mo. NOK NIBOR

  

0.88% Fixed

   NOK     64,741,000        12/16/2030      Annual                   (59,925     (59,925
                

 

 

    

 

 

   

 

 

   

 

 

 

Total centrally cleared interest rate swap contracts

 

         $     906,173      $     (646,617   $     (1,376,926   $     (1,636,482
                

 

 

    

 

 

   

 

 

   

 

 

 

 

Foreign Currency Contracts Outstanding at October 31, 2020  
Amount and Description of
Currency to be Purchased
   Amount and Description of
Currency to be Sold
   Counterparty    Settlement
Date
    Appreciation     Depreciation  
  126,339,000      AUD      88,517,070      USD    MSC      11/04/2020     $ 337,181     $ (48,372
  630,000      AUD      448,486      USD    CBK      11/04/2020             (5,648
  9,957,000      AUD      7,026,177      USD    BNP      11/04/2020             (27,229
  3,938,000      AUD      2,803,421      USD    BCLY      11/04/2020             (35,332
  113,713,000      AUD      79,992,693      USD    UBS      11/04/2020             (61,849
  10,648,000      AUD      7,563,378      USD    JPM      11/04/2020             (78,715
  116,903,000      AUD      82,293,308      USD    HSBC      11/04/2020             (120,157
  112,554,000      AUD      79,370,299      USD    BOA      11/04/2020             (254,135
  25,712,000      AUD      18,006,067      USD    MSC      12/03/2020       71,140       (1,074
  625,000      AUD      441,237      USD    BCLY      12/03/2020             (1,848
  630,000      AUD      445,264      USD    JPM      12/03/2020             (2,359
  5,795,000      BRL      1,006,240      USD    MSC      11/04/2020       3,713       (226
  36,515,000      BRL      6,527,420      USD    CBK      11/04/2020       1,994       (167,005
  3,770,000      BRL      656,714      USD    MSC      12/02/2020             (693
  1,150,000      CAD      870,485      USD    BCLY      11/04/2020             (7,301
  4,815,000      CAD      3,627,854      USD    GSC      11/04/2020             (13,741
  3,741,000      CAD      2,821,782      USD    JPM      11/04/2020       5,636       (19,443
  2,890,000      CAD      2,191,164      USD    MSC      11/04/2020             (21,945
  717,031,000      CAD      538,452,198      USD    BNP      11/04/2020                 (252,617
  6,030,000      CAD      4,524,094      USD    MSC      12/03/2020       2,833       (349
  590,000      CAD      442,799      USD    BCLY      12/03/2020       100        
  590,000      CAD      443,286      USD    JPM      12/03/2020             (387
  5,597,000      CHF      6,035,543      USD    BNP      11/04/2020       69,112        
  860,000      CHF      934,494      USD    JPM      11/04/2020       4,441       (933
  849,000      CHF      933,290      USD    MSC      11/04/2020             (7,285
  1,980,000      CHF      2,170,235      USD    BCLY      11/04/2020             (10,646
  895,000      CHF      981,047      USD    BCLY      12/03/2020             (4,017
  4,806,000      CHF      5,251,019      USD    UBS      12/03/2020             (4,529
  1,374,605,000      CLP      1,775,975      USD    BNP      11/04/2020       1,516        
  1,462,833,000      CNH      218,079,184      USD    JPM      11/04/2020           549,661       (238,520
  299,515,000      CNH      45,071,705      USD    MSC      11/04/2020             (356,294
  401,412,000      CNH      59,877,385      USD    JPM      12/03/2020             (75,289
  6,424,325,000      COP      1,664,954      USD    GSC      11/04/2020             (5,370
        12,848,650,000      COP      3,329,908      USD    HSBC      11/04/2020             (10,739
  25,697,300,000      COP      6,650,278      USD    CBK      11/04/2020       6,727       (18,668
  8,700,000      CZK      374,164      USD    BNP      11/04/2020             (2,306
  8,700,000      CZK      371,241      USD    MSC      12/03/2020       704        
  900,084,000      DKK      141,083,420      USD    MSC      11/04/2020             (257,317
  428,000      EUR      499,505      USD    BCLY      11/04/2020             (991
  804,000      EUR      946,782      USD    MSC      11/04/2020             (10,322
  43,523,000      EUR      50,704,421      USD    CBK      11/04/2020             (10,880
  2,280,000      EUR      2,672,762      USD    CSFB      11/04/2020             (17,125
  101,293,000      EUR      118,208,931      USD    TDB      11/04/2020             (227,613
  39,612,000      EUR      46,607,153      USD    JPM      11/04/2020             (468,960
  18,984,000      EUR      22,132,971      USD    GSC      12/03/2020             (6,626
  1,509,000      EUR      1,768,056      USD    JPM      12/03/2020             (9,278
  45,803,000      EUR      53,485,583      USD    TDB      12/03/2020             (100,996
  78,849,000      EUR      92,019,569      USD    MSC      12/03/2020             (119,010
  204,432,000      GBP      264,330,576      USD    BOA      11/04/2020       518,000        
  6,320,000      GBP      8,164,675      USD    SSG      11/04/2020       23,099        
  1,741,000      GBP      2,242,423      USD    BCLY      11/04/2020       17,832       (4,730
  3,518,000      GBP      4,558,660      USD    JPM      11/04/2020       11,531       (12,503
  1,000,000      GBP      1,297,822      USD    MSC      11/04/2020       698       (2,986
  3,108,000      GBP      4,030,830      USD    CBK      11/04/2020             (4,311
  105,000      GBP      136,788      USD    BCLY      11/30/2020             (735
  121,283,000      GBP      156,649,501      USD    HSBC      12/03/2020       507,136        

 

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

 

 

  189  

 


The Hartford World Bond Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Foreign Currency Contracts Outstanding at October 31, 2020 – (continued)  
Amount and Description of
Currency to be Purchased
   Amount and Description of
Currency to be Sold
   Counterparty    Settlement
Date
    Appreciation     Depreciation  
  73,553,000      GBP      95,067,698      USD    JPM      12/03/2020     $ 241,143     $  
  413,000      GBP      533,314      USD    MSC      12/03/2020       1,845        
  344,000      GBP      444,472      USD    BCLY      12/03/2020       1,278        
  1,612,748,000      HUF      5,160,520      USD    MSC      11/04/2020             (40,549
  1,496,000,000      HUF      4,748,023      USD    MSC      12/03/2020             (486
  906,000,000      IDR      60,320      USD    MSC      11/04/2020       1,606        
  906,000,000      IDR      61,595      USD    MSC      12/03/2020       162        
  1,869,000      ILS      546,012      USD    CBK      11/04/2020       1,765        
  8,355,000      ILS      2,465,155      USD    BCLY      11/04/2020             (16,423
  788,087,000      INR      10,621,119      USD    JPM      11/04/2020       9,568        
  259,590,000      INR      3,536,408      USD    CBK      11/04/2020             (34,738
  261,050,000      INR      3,566,744      USD    SCB      11/04/2020             (45,381
  1,308,727,000      INR      17,484,663      USD    MSC      12/03/2020       123,563        
  67,839,561,000      JPY      644,400,118      USD    MSC      11/04/2020       3,608,050       (1,301
  1,726,648,000      JPY      16,370,844      USD    BCLY      11/04/2020       122,184        
  1,884,670,000      JPY      17,926,590      USD    SSG      11/04/2020       75,872        
  775,100,000      JPY      7,343,410      USD    JPM      11/04/2020       60,384        
  473,400,000      JPY      4,483,124      USD    BOA      11/04/2020       38,816        
  47,000,000      JPY      449,380      USD    JPM      12/03/2020             (274
  47,000,000      JPY      450,848      USD    BCLY      12/03/2020             (1,742
  70,293,748,000      JPY      673,789,998      USD    MSC      12/03/2020             (2,102,125
  5,381,980,000      KRW      4,722,071      USD    MSC      11/04/2020       20,872        
      288,427,236,000      KRW      254,208,262      USD    BNP      11/04/2020             (27,843
  564,120,000      MXN      25,153,145      USD    BCLY      11/04/2020           1,428,614        
  319,826,000      MXN      14,985,861      USD    BNP      11/04/2020       84,581        
  938,000      MXN      41,474      USD    CBK      11/04/2020       2,725        
  74,810,000      MXN      3,505,615      USD    UBS      12/03/2020       8,109        
  938,000      MXN      43,807      USD    BNP      12/03/2020       249        
  105,250,000      NOK      10,985,334      USD    BCLY      11/04/2020       39,476        
  976,562,000      NOK      102,555,793      USD    CBK      11/04/2020             (262,109
  1,421,974,000      NOK      149,234,396      USD    MSC      11/04/2020       2,277       (286,624
  724,620,000      NOK      77,396,246      USD    JPM      11/04/2020       30,889           (1,524,069
  8,280,000      NOK      872,971      USD    BCLY      12/03/2020       343       (6,130
  8,280,000      NOK      875,239      USD    JPM      12/03/2020             (8,055
  1,698,212,000      NOK      178,163,716      USD    MSC      12/03/2020             (306,109
  5,085,000      NZD      3,356,148      USD    BCLY      11/04/2020       9,075       (3,021
  5,515,000      NZD      3,660,653      USD    WEST      11/04/2020             (14,136
  247,634,000      NZD      163,754,786      USD    MSC      11/04/2020       29,296       (48,513
  107,135,000      NZD      70,929,561      USD    JPM      11/04/2020       159,936       (251,850
  43,437,000      NZD      28,851,803      USD    GSC      11/04/2020             (131,264
  2,810,000      NZD      1,858,856      USD    MSC      12/03/2020             (826
  670,000      NZD      445,312      USD    JPM      12/03/2020             (2,294
  1,917,000      PEN      530,437      USD    CBK      11/04/2020             (228
  543,410,000      PHP      11,206,710      USD    JPM      11/04/2020       24,267       (647
  208,610,000      PHP      4,309,056      USD    JPM      12/03/2020       2,538        
  9,814,000      PLN      2,515,040      USD    BNP      11/04/2020             (35,848
  23,470,000      PLN      6,055,407      USD    BCLY      11/04/2020             (126,466
  27,243,000      PLN      6,890,420      USD    MSC      12/03/2020             (7,875
  192,010,000      RUB      2,456,860      USD    CBK      11/05/2020             (41,146
  1,066,034,000      RUB      13,564,694      USD    HSBC      11/05/2020             (152,721
  932,595,000      SEK      104,621,293      USD    JPM      11/04/2020       745,040       (556,758
  49,009,000      SEK      5,406,823      USD    CBK      11/04/2020       101,048        
  1,253,802,000      SEK      140,847,787      USD    MSC      11/04/2020       72,900       (12,302
  12,210,000      SEK      1,383,561      USD    BCLY      11/04/2020       58       (11,400
  616,000,000      SEK      69,225,153      USD    MSC      12/03/2020       34,448       (7,672
  3,950,000      SEK      442,256      USD    JPM      12/03/2020       1,811        
  7,810,000      SEK      878,762      USD    CBK      12/03/2020       1,513       (2,259
  3,920,000      SEK      443,035      USD    BCLY      12/03/2020             (2,341
  10,673,000      SGD      7,753,199      USD    CBK      11/04/2020       60,378        
  720,000      SGD      531,031      USD    BCLY      11/04/2020             (3,928
  1,920,000      SGD      1,410,024      USD    JPM      11/04/2020             (4,415
  5,740,000      SGD      4,226,706      USD    MSC      11/04/2020             (24,520
  1,465,000      SGD      1,072,069      USD    MSC      12/03/2020       462        
  5,917,000      SGD      4,335,497      USD    HSBC      12/03/2020             (3,644

 

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

 

 

  190  

 


The Hartford World Bond Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Foreign Currency Contracts Outstanding at October 31, 2020 – (continued)  
Amount and Description of
Currency to be Purchased
   Amount and Description of
Currency to be Sold
   Counterparty    Settlement
Date
    Appreciation     Depreciation  
  599,510,000      THB      19,139,902      USD    JPM      11/04/2020     $ 122,385     $ (27,891
  142,320,000      THB      4,557,886      USD    HSBC      11/04/2020       8,241        
  175,040,000      THB      5,609,357      USD    SCB      11/04/2020       6,543        
  505,653,000      THB      16,056,060      USD    SCB      12/03/2020       164,116        
  83,990,000      THB      2,682,787      USD    CSFB      12/03/2020       11,418        
  560,535,000      TRY      70,917,601      USD    GSC      11/04/2020             (4,146,705
  55,389,000      TRY      6,533,571      USD    BCLY      12/03/2020             (34,436
  151,115,000      TWD      5,187,785      USD    BCLY      11/04/2020       95,373        
  129,400,000      TWD      4,481,385      USD    UBS      11/04/2020       42,591        
  70,145,000      TWD      2,456,057      USD    MSC      11/04/2020             (3,706
          1,289,140,000      TWD      45,106,368      USD    HSBC      11/04/2020             (36,518
  1,327,690,000      TWD      46,815,585      USD    BNP      12/03/2020             (393,670
  76,231,645      USD      107,069,000      AUD    BCLY      11/04/2020       971,564       (581
  75,672,345      USD      106,348,000      AUD    UBS      11/04/2020       918,487        
  94,692,147      USD      134,191,000      AUD    BNP      11/04/2020       366,961        
  94,192,516      USD      133,611,000      AUD    MSC      11/04/2020       346,040       (71,018
  2,336,784      USD      3,303,000      AUD    CBK      11/04/2020       15,048        
  7,153,781      USD      10,160,000      AUD    JPM      11/04/2020       19,125       (6,985
  74,934,250      USD      106,349,000      AUD    BOA      12/03/2020       168,432        
  1,433,309      USD      2,025,000      AUD    BCLY      12/03/2020       9,686        
  74,775,258      USD      106,349,000      AUD    UBS      12/03/2020       9,440        
  74,773,917      USD      106,348,000      AUD    HSBC      12/03/2020       8,802        
  450,349      USD      640,000      AUD    JPM      12/03/2020       414        
  84,224,713      USD      120,284,000      AUD    MSC      12/03/2020       29       (337,762
  6,433,099      USD      36,515,000      BRL    CBK      11/04/2020       74,403       (3,713
  1,008,154      USD      5,795,000      BRL    MSC      11/04/2020       421       (1,994
  352,744      USD      2,025,000      BRL    MSC      12/02/2020       372        
  1,342,129      USD      1,776,000      CAD    JPM      11/04/2020       9,072        
  960,000      USD      1,270,000      CAD    BCLY      11/04/2020       6,745        
  5,365,965      USD      7,185,000      CAD    CIBC      11/04/2020             (27,057
  537,526,723      USD      719,396,000      CAD    MSC      11/04/2020       1,807           (2,449,820
  538,499,106      USD      717,031,000      CAD    BNP      12/03/2020           240,886        
  441,180      USD      590,000      CAD    MSC      12/03/2020             (1,719
  1,754,616      USD      1,600,000      CHF    BCLY      11/04/2020       9,495        
  1,401,500      USD      1,280,000      CHF    JPM      11/04/2020       5,403        
  5,246,668      USD      4,806,000      CHF    UBS      11/04/2020       4,758        
  440,732      USD      400,000      CHF    CBK      11/04/2020       4,452        
  1,311,588      USD      1,200,000      CHF    MSC      11/04/2020       4,505       (1,759
  895,165      USD      815,000      CHF    BCLY      12/03/2020       5,468        
  444,843      USD      405,000      CHF    MSC      12/03/2020       2,723        
  444,319      USD      405,000      CHF    JPM      12/03/2020       2,199        
  1,751,736      USD      1,374,605,000      CLP    BNP      11/04/2020             (25,755
  1,775,792      USD      1,374,605,000      CLP    BNP      12/03/2020             (1,491
  1,559,538      USD      1,210,825,000      CLP    CBK      12/03/2020             (5,988
  258,694,975      USD      1,762,348,000      CNH    JPM      11/04/2020       73,902       (4,484,663
  193,254,673      USD      1,295,560,000      CNH    JPM      12/03/2020       242,996        
  6,659,626      USD      25,697,300,000      COP    CBK      11/04/2020       21,289        
  3,328,666      USD      12,848,650,000      COP    HSBC      11/04/2020       9,497        
  1,663,686      USD      6,424,325,000      COP    GSC      11/04/2020       4,102        
  2,002,118      USD      7,688,532,000      COP    CBK      12/03/2020       18,771        
  371,208      USD      8,700,000      CZK    MSC      11/04/2020             (650
  141,024,842      USD      900,084,000      DKK    MSC      11/04/2020       198,739        
  141,174,146      USD      900,084,000      DKK    MSC      12/03/2020       252,592        
  53,452,101      USD      45,803,000      EUR    TDB      11/04/2020       102,923        
  160,573,515      USD      137,831,000      EUR    CBK      11/04/2020       34,454        
  2,228,650      USD      1,887,000      EUR    MSC      11/04/2020       30,761        
  2,319,965      USD      1,973,000      EUR    JPM      11/04/2020       21,908        
  526,670      USD      446,000      EUR    BCLY      11/04/2020       7,190        
  189,709,044      USD      160,108,369      EUR    CBK      11/30/2020       3,115,537        
  118,282,976      USD      101,293,000      EUR    TDB      12/03/2020       223,352        
  44,912,424      USD      38,347,000      EUR    JPM      12/03/2020       217,999        
  2,666,399      USD      2,272,000      EUR    CSFB      12/03/2020       18,324        
  445,632      USD      379,000      EUR    CBK      12/03/2020       3,897        
  1,158,147      USD      991,000      EUR    MSC      12/03/2020       3,110        

 

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

 

 

  191  

 


The Hartford World Bond Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Foreign Currency Contracts Outstanding at October 31, 2020 – (continued)  
Amount and Description of
Currency to be Purchased
   Amount and Description of
Currency to be Sold
   Counterparty    Settlement
Date
    Appreciation     Depreciation  
  442,302      USD      377,000      EUR    BCLY      12/03/2020     $ 2,899     $  
  26,747,347      USD      20,524,000      GBP    JPM      11/04/2020       169,668       (11,859
  22,881,084      USD      17,545,000      GBP    HSBC      11/04/2020       150,942        
  25,295,839      USD      19,440,000      GBP    SSG      11/04/2020       110,661        
  2,371,379      USD      1,825,000      GBP    MSC      11/04/2020       14,015       (6,985
  4,904,630      USD      3,782,000      GBP    BOA      11/04/2020       4,921        
             202,527,632      USD      157,003,000      GBP    BCLY      11/04/2020       16,245       (891,313
  2,721,421      USD      2,089,000      GBP    BCLY      11/30/2020       14,621        
  446,188      USD      343,000      GBP    JPM      12/03/2020       1,734        
  445,107      USD      344,000      GBP    CBK      12/03/2020             (643
  264,373,711      USD      204,432,000      GBP    BOA      12/03/2020             (526,116
  5,123,610      USD      1,612,748,000      HUF    MSC      11/04/2020       3,639        
  370,536      USD      116,748,000      HUF    MSC      12/03/2020       38        
  61,738      USD      906,000,000      IDR    MSC      11/04/2020             (188
  2,956,088      USD      10,224,000      ILS    CBK      11/04/2020             (40,421
  546,144      USD      1,869,000      ILS    CBK      12/03/2020             (1,787
  17,533,856      USD      1,308,727,000      INR    MSC      11/04/2020             (119,864
  7,988,801      USD      596,910,000      INR    SCB      12/03/2020             (42,305
  683,321,821      USD      71,321,079,000      JPY    MSC      11/04/2020       2,123,402       (64,078
  5,461,627      USD      571,500,000      JPY    JPM      11/04/2020       7,672       (5,042
  516,509      USD      54,600,000      JPY    BCLY      11/04/2020             (5,033
  7,130,619      USD      752,200,000      JPY    DEUT      11/04/2020             (54,433
  267,692,132      USD      28,589,600,000      JPY    MSC      11/16/2020             (5,434,827
  160,135,408      USD      16,723,195,000      JPY    MSC      12/03/2020       337,878        
  42,498,730      USD      4,434,529,000      JPY    JPM      12/03/2020       124,843        
  13,626,945      USD      1,422,465,000      JPY    BOA      12/03/2020       34,662        
  22,672,734      USD      2,370,788,000      JPY    GSC      12/03/2020       18,805        
  899,665      USD      93,800,000      JPY    BCLY      12/03/2020       3,365        
  176,605,533      USD      18,726,350,000      JPY    BCLY      12/14/2020             (2,374,417
  330,119,271      USD      34,819,000,000      JPY    BCLY      01/12/2021             (2,830,805
  111,904,246      USD      11,827,350,000      JPY    JPM      01/19/2021             (1,202,486
  250,380,686      USD      293,809,216,000      KRW    HSBC      11/04/2020             (8,542,676
  254,170,179      USD      288,427,236,000      KRW    BNP      12/03/2020              
  43,951      USD      938,000      MXN    BNP      11/04/2020             (248
  4,401,438      USD      99,546,000      MXN    CBK      11/04/2020             (289,245
  36,282,346      USD      784,400,000      MXN    UBS      11/04/2020             (679,172
  14,936,799      USD      319,826,000      MXN    BNP      12/03/2020             (84,994
  38,283,116      USD      353,486,000      NOK    JPM      11/04/2020       1,257,101       (1,214
  181,017,389      USD      1,724,452,000      NOK    MSC      11/04/2020       383,218       (84
  119,499,896      USD      1,137,908,000      NOK    CBK      11/04/2020       305,414        
  1,337,958      USD      12,560,000      NOK    BCLY      11/04/2020       22,575       (261
  67,131,278      USD      625,320,000      NOK    JPM      12/03/2020       1,640,091        
  163,255,473      USD      1,553,391,000      NOK    MSC      12/03/2020       565,299        
  3,109,458      USD      4,667,000      NZD    BCLY      11/04/2020       23,638        
  449,229      USD      670,000      NZD    CBK      11/04/2020       6,225        
  2,891,770      USD      4,375,000      NZD    SSG      11/04/2020             (979
  6,364,809      USD      9,695,000      NZD    JPM      11/04/2020       8,407       (53,930
  255,087,809      USD      389,399,000      NZD    MSC      11/04/2020       11,694       (2,394,451
  32,012,315      USD      48,262,000      NZD    HSBC      12/03/2020       100,473        
  160,330,126      USD      242,404,000      NZD    MSC      12/03/2020       47,544        
  534,221      USD      1,917,000      PEN    CBK      11/04/2020       4,013        
  530,408      USD      1,917,000      PEN    CBK      12/03/2020       155        
  4,309,234      USD      208,610,000      PHP    JPM      11/04/2020             (1,985
  3,316,059      USD      161,890,000      PHP    SCB      11/04/2020             (29,625
  3,542,512      USD      172,910,000      PHP    HSBC      11/04/2020             (30,916
  1,548,131      USD      6,041,000      PLN    BNP      11/04/2020       22,066        
  6,889,985      USD      27,243,000      PLN    MSC      11/04/2020       7,917        
  3,298,906      USD      13,000,000      PLN    BCLY      12/03/2020       14,647        
  8,624,600      USD      681,904,000      RUB    HSBC      11/05/2020       45,438        
  3,281,436      USD      258,610,000      RUB    BOA      11/05/2020       27,815        
  4,022,422      USD      317,530,000      RUB    JPM      11/05/2020       27,517        
  6,846,149      USD      544,464,000      RUB    HSBC      12/03/2020       16,090        
  9,248,346      USD      81,840,000      SEK    JPM      11/04/2020       57,618       (6,850
  3,654,629      USD      32,310,000      SEK    BCLY      11/04/2020       25,589       (2,114

 

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

 

 

  192  

 


The Hartford World Bond Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Foreign Currency Contracts Outstanding at October 31, 2020 – (continued)  
Amount and Description of
Currency to be Purchased
   Amount and Description of
Currency to be Sold
   Counterparty    Settlement
Date
    Appreciation     Depreciation  
  69,725,056      USD      620,440,000      SEK    MSC      11/04/2020     $ 27,351     $ (30,369
  2,419,203      USD      22,020,000      SEK    UBS      11/04/2020             (55,512
             164,492,289      USD      1,491,006,000      SEK    CBK      11/04/2020             (3,074,238
  66,742,202      USD      587,880,000      SEK    JPM      12/03/2020       651,578        
  890,296      USD      7,840,000      SEK    BCLY      12/03/2020       8,908        
  140,506,995      USD      1,250,412,000      SEK    MSC      12/03/2020             (66,778
  966,207      USD      1,310,000      SGD    JPM      11/04/2020       7,172        
  4,335,434      USD      5,917,000      SGD    HSBC      11/04/2020       3,668        
  1,951,194      USD      2,686,000      SGD    CBK      11/04/2020             (15,195
  2,218,760      USD      3,055,000      SGD    MSC      11/04/2020             (17,769
  4,414,266      USD      6,085,000      SGD    BNP      11/04/2020             (40,490
  16,066,048      USD      505,653,000      THB    SCB      11/04/2020             (157,084
  12,972,145      USD      411,217,000      THB    JPM      11/04/2020             (221,147
  64,198,881      USD      505,146,000      TRY    GSC      11/04/2020       4,025,920        
  6,635,400      USD      55,389,000      TRY    BCLY      11/04/2020       37,465        
  2,177,870      USD      18,305,000      TRY    GSC      12/03/2020       30,031        
  2,616,768      USD      22,270,000      TRY    BCLY      12/03/2020       3,690        
  46,451,963      USD      1,327,690,000      TWD    BNP      11/04/2020       34,360        
  5,602,441      USD      162,975,000      TWD    UBS      11/04/2020             (95,357
  5,108,238      USD      149,135,000      TWD    JPM      11/04/2020             (105,697
  6,641,257      USD      107,510,000      ZAR    BOA      11/04/2020       37,915        
  5,170,419      USD      85,900,000      ZAR    MSC      11/04/2020             (105,622
  13,076,038      USD      215,020,000      ZAR    JPM      11/04/2020       66,427       (197,073
  62,268,973      USD      1,072,741,000      ZAR    GSC      11/04/2020             (3,619,555
  55,258,997      USD      905,811,000      ZAR    MSC      12/03/2020             (186,118
  376,550,000      ZAR      21,860,821      USD    GSC      11/04/2020       1,267,153        
  905,811,000      ZAR      55,447,066      USD    MSC      11/04/2020       188,500        
  90,540,000      ZAR      5,378,425      USD    JPM      11/04/2020       182,607        
  108,270,000      ZAR      6,584,285      USD    BOA      11/04/2020       65,737        
  108,270,000      ZAR      6,592,584      USD    BOA      12/03/2020       34,674        
                

 

 

   

 

 

 
 

Total Foreign Currency Contracts

    $     31,972,652     $     (55,002,667
 

 

 

   

 

 

 

 

 

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

Fair Value Summary

The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.

 

Description

   Total      Level 1      Level 2      Level 3(1)  

Assets

           

Asset & Commercial Mortgage-Backed Securities

   $ 355,007,226      $      $ 355,007,226      $  

Corporate Bonds

     665,449,575               665,449,575         

Foreign Government Obligations

     2,868,497,059               2,868,497,059         

Senior Floating Rate Interests

     94,230,636               94,230,636         

U.S. Government Agencies

     119,758,920               119,758,920         

U.S. Government Securities

     290,437,203               290,437,203         

Convertible Bonds

     10,724,740               10,724,740         

Common Stocks

           

Consumer Services

     257,895        257,895                

Energy

     18,002                      18,002  

Utilities

     118,205               118,205         

Preferred Stocks

     543,114        543,114                

Convertible Preferred Stocks

     7,004,533        7,004,533                

Short-Term Investments

     81,319,405        2,864,947        78,454,458         

Purchased Options

     3,484,020        1,424,422        2,059,598         

Foreign Currency Contracts(2)

     31,972,652               31,972,652         

Futures Contracts(2)

     2,752,834        2,752,834                

Swaps - Credit Default(2)

     3,156,099               3,156,099         

Swaps - Interest Rate(2)

     1,118,959               1,118,959         
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $     4,535,851,077      $     14,847,745      $     4,520,985,330      $     18,002  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

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

 

 

  193  

 


The Hartford World Bond Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Description

   Total     Level 1     Level 2     Level 3(1)  

Liabilities

        

Foreign Currency Contracts(2)

   $ (55,002,667   $     $ (55,002,667   $  

Futures Contracts(2)

     (1,385,895     (1,385,895            

Swaps - Credit Default(2)

     (1,440,262           (1,440,262      

Swaps - Interest Rate(2)

     (2,784,084           (2,784,084      

TBA Sale Commitments

     (45,300,563           (45,300,563      

Written Options

     (707,897     (636,297     (71,600      
  

 

 

   

 

 

   

 

 

   

 

 

 

Total

   $     (106,621,368   $     (2,022,192   $     (104,599,176   $     —  
  

 

 

   

 

 

   

 

 

   

 

 

 

 

(1)

For the year ended October 31, 2020, there were no transfers in and out of Level 3.

 

(2)

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

Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for year ended October 31, 2020 is not presented.

 

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

 

 

  194  

 


Hartford Fixed Income Funds

GLOSSARY: (abbreviations used in the preceding Schedules of Investments)

 

 

 

Counterparty Abbreviations:

ANZ

   Australia and New Zealand Banking Group

BCLY

   Barclays

BMO

   Bank of Montreal

BNP

   BNP Paribas Securities Services

BOA

   Banc of America Securities LLC

CBK

   Citibank NA

CIB

   Credit Agricole

CIBC

   Canadian Imperial Bank of Commerce

CSFB

   Credit Suisse First Boston Corp.

CSI

   Credit Suisse International

DEUT

   Deutsche Bank Securities, Inc.

GSC

   Goldman Sachs & Co.

HSBC

   HSBC Bank USA

JPM

   JP Morgan Chase & Co.

MSC

   Morgan Stanley

RBC

   RBC Dominion Securities, Inc.

RBS

   RBS Greenwich Capital

SCB

   Standard Chartered Bank

SSG

   State Street Global Markets LLC

TDB

   Toronto-Dominion Bank

UBS

   UBS AG

WEST

   Westpac International
Currency Abbreviations:

ARS

   Argentine Peso

AUD

   Australian Dollar

BRL

   Brazilian Real

CAD

   Canadian Dollar

CHF

   Swiss Franc

CLP

   Chilean Peso

CNH

   Chinese Renminbi

CNY

   Chinese Yuan

COP

   Colombian Peso

CZK

   Czech Koruna

DKK

   Danish Krone

EGP

   Egyptian Pound

EUR

   Euro

GBP

   British Pound

HKD

   Hong Kong Dollar

HUF

   Hungarian Forint

IDR

   Indonesian Rupiah

ILS

   Israeli Shekel

INR

   Indian Rupee

JPY

   Japanese Yen

KRW

   South Korean Won

MXN

   Mexican Peso

MYR

   Malaysian Ringgit

NOK

   Norwegian Krone

NZD

   New Zealand Dollar

PEN

   Peruvian Sol

PHP

   Philippine Peso

PLN

   Polish Zloty

RON

   New Romanian Leu

RUB

   Russian Ruble

SEK

   Swedish Krona

SGD

   Singapore Dollar

TDB

   Toronto-Dominion Bank

THB

   Thai Baht

TRY

   Turkish Lira

TWD

   Taiwanese Dollar

USD

   United States Dollar

UYU

   Uruguayan Peso

ZAR

   South African Rand
Index Abbreviations:

ABX.HE

   Markit Asset Backed Security Home Equity

ABX.HE.PEN

   Markit Asset Backed Security Home Equity Penultimate

BADLAR

   Buenos Aires Deposits of Large Amount Rate

CDX.EM

   Credit Derivatives Emerging Markets

CDX.NA.HY

   Credit Derivatives North American High Yield

CDX.NA.IG

   Credit Derivatives North American Investment Grade

CMBX.NA

   Markit Commercial Mortgage-Backed North American
CMT    Constant Maturity Treasury Index

CPI

   Consumer Price Index
Index Abbreviations: – (continued)

CPURNSA

   Consumer Price All Urban Non-Seasonally Adjusted

EONIA

   Euro Overnight Index Average

iBoxx

   Markit iBoxx Indices - Euro, Sterling, Asian, US Dollar and European High-Yield Bond Markets

ICE

   Intercontinental Exchange, Inc.

ITRAXX.EUR

   Markit iTraxx - Europe

ITRAXX.XOV

   Markit iTraxx Index - Europe Crossover

MTA

   Monthly Treasury Average Index

PrimeX.ARM

   Markit PrimeX Adjustable Rate Mortgage Backed Security

SONIA

   Sterling Overnight Index Average
Municipal Abbreviations:

Auth

   Authority

Dev

   Development

Dist

   District

Facs

   Facilities

GO

   General Obligation

Redev

   Redevelopment

Rev

   Revenue

VA

   Veterans Administration
Other Abbreviations:

AGM

   Assured Guaranty Municipal

AMBAC

   American Municipal Bond Assurance Co.

BAM

   Build America Mutual Assurance Corp.

BBSW

   Bank Bill Swap Reference Rate

BZDIOVRA

   Brazil Cetip Interbank Deposit Rate

CD

   Certificate of Deposit

CDOR

   Canadian Dollar Offered Rate

CJSC

   Closed Joint Stock Company

CLICP

   Sinacofi Chile Interbank Offered Rate

CLO

   Collateralized Loan Obligation

CMO

   Collateralized Mortgage Obligation

CR

   Custodial Receipts

EM

   Emerging Markets

ETF

   Exchange-Traded Fund

EURIBOR

   Euro Interbank Offered Rate

FHA

   Federal Housing Authority

FHLMC

   Federal Home Loan Mortgage Corp.

FNMA

   Federal National Mortgage Association

GNMA

   Government National Mortgage Association

HUD

   Housing and Urban Development

JSC

   Joint Stock Company

LIBOR

   London Interbank Offered Rate

MSCI

   Morgan Stanley Capital International

MUNIPSA

   Municipal Swap Index Yield

NATL

   National Public Finance Guarantee Corp.

NIBOR

   Norwegian Interbank Offered Rate

NZDBB

   New Zealand Bank Bill

OJSC

   Open Joint Stock Company

OTC

   Over-the-Counter

PAC

   Planned Amortization Class

PIK

   Payment-in-kind

PJSC

   Private Joint Stock Company

PSF-GTD

   Permanent School Fund Guaranteed

PT

   Perseroan Terbatas

Q-SBLF

   Qualified School Bond Loan Fund

SCP

   State Credit Enhancement Program

SOFR

   Secured Overnight Financing Rate

ST GTD

   State Guaranteed

STIBOR

   Stockholm Interbank Offered Rate

TBA

   To Be Announced

THBFIX

   Thai Baht Interest Rate Fixing

TIIE

   Interbank Equilibrium Interest Rate

UMBS

   Uniform Mortgage-Backed Securities
 

 

 

  195  

 


Hartford Fixed Income Funds

Statements of Assets and Liabilities

October 31, 2020

 

 

 

     The Hartford
Emerging
Markets Local
Debt Fund
    The Hartford
Floating Rate
Fund
    The Hartford
Floating Rate
High Income
Fund
    The Hartford
High Yield Fund
 

Assets:

 

 

Investments in securities, at market value

   $ 60,933,333     $ 1,906,915,382     $ 343,837,006     $ 344,426,467  

Repurchase agreements

     1,606,303                   9,299,419  

Cash

     691,092       164,250       343,702       4,076,857  

Cash collateral due from broker on swap contracts

     335,000                    

Foreign currency

     462,919       18,890,067       9,723,538       55,175  

Unrealized appreciation on OTC swap contracts

     59,162       3,039,627       807,831        

Unrealized appreciation on foreign currency contracts

     959,098       4,416,130       1,010,538       365,224  

Receivables:

 

 

From affiliates

     12,968       4,923       18,036       39,579  

Investment securities sold

     592,742       79,258,146       18,376,269       2,492,692  

Fund shares sold

     143,663       856,102       159,450       571,834  

Dividends and interest

     799,924       7,607,545       1,356,325       5,195,227  

Securities lending income

     7                    

Variation margin on futures contracts

     93,879                    

Tax reclaims

     72,078                   2,587  

Other assets

     45,247       88,952       64,228       66,230  
  

 

 

   

 

 

   

 

 

   

 

 

 

Total assets

     66,807,415       2,021,241,124       375,696,923       366,591,291  
  

 

 

   

 

 

   

 

 

   

 

 

 

Liabilities:

 

 

Unrealized depreciation on foreign currency contracts

     1,258,789       459,134       107,115       144  

Unrealized depreciation on OTC swap contracts

     113,067       231,943       61,753        

Cash collateral due to broker on swap contracts

           2,320,000       790,000        

Unfunded loan commitments

           5,435,295       1,313,015        

Payables:

 

 

Investment securities purchased

     1,706,817       194,255,939       43,013,432       3,492,909  

Fund shares redeemed

     185,659       31,520,122       922,560       455,562  

Investment management fees

     42,058       962,248       198,569       154,563  

Transfer agent fees

     13,701       268,064       53,464       78,880  

Accounting services fees

     784       21,927       3,966       4,322  

Board of Directors’ fees

     355       8,946       1,449       1,346  

Variation margin on centrally cleared swap contracts

     19,313                    

Foreign taxes

     10,281                    

Distribution fees

     476       65,259       8,992       14,203  

Distributions payable

           987,124       5,278       21,871  

Written options

     201,488                    

Accrued expenses

     61,805       210,348       68,896       78,296  

OTC swap contracts premiums received

           65,543       5,313        
  

 

 

   

 

 

   

 

 

   

 

 

 

Total liabilities

     3,614,593       236,811,892       46,553,802       4,302,096  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net assets

   $ 63,192,822     $ 1,784,429,232     $ 329,143,121     $ 362,289,195  
  

 

 

   

 

 

   

 

 

   

 

 

 

Summary of Net Assets:

 

 

Capital stock and paid-in-capital

   $     136,481,555     $     2,351,510,886     $     403,644,901     $ 382,643,986  

Distributable earnings (loss)

     (73,288,733     (567,081,654     (74,501,780     (20,354,791
  

 

 

   

 

 

   

 

 

   

 

 

 

Net assets

   $ 63,192,822     $ 1,784,429,232     $ 329,143,121     $     362,289,195  
  

 

 

   

 

 

   

 

 

   

 

 

 

Shares authorized

     550,000,000       3,200,000,000       550,000,000       475,000,000  
  

 

 

   

 

 

   

 

 

   

 

 

 

Par value

   $ 0.0010     $ 0.0010     $ 0.0010     $ 0.0010  
  

 

 

   

 

 

   

 

 

   

 

 

 

Class A:  Net asset value per share

   $ 5.39     $ 8.04     $ 9.23     $ 7.27  
  

 

 

   

 

 

   

 

 

   

 

 

 

         Maximum offering price per share

   $ 5.64     $ 8.29     $ 9.52     $ 7.61  
  

 

 

   

 

 

   

 

 

   

 

 

 

         Shares outstanding

     823,600       82,012,747       6,976,719       32,895,874  
  

 

 

   

 

 

   

 

 

   

 

 

 

         Net Assets

   $ 4,440,758     $ 659,749,444     $ 64,413,726     $ 239,310,096  
  

 

 

   

 

 

   

 

 

   

 

 

 

Class C:  Net asset value per share

   $ 5.40     $ 8.12     $ 9.31     $ 7.25  
  

 

 

   

 

 

   

 

 

   

 

 

 

         Shares outstanding

     332,363       28,538,590       4,106,724       3,601,526  
  

 

 

   

 

 

   

 

 

   

 

 

 

         Net Assets

   $ 1,794,855     $ 231,746,745     $ 38,246,412     $ 26,125,232  
  

 

 

   

 

 

   

 

 

   

 

 

 

Class I:  Net asset value per share

   $ 5.37     $ 8.03     $ 9.18     $ 7.30  
  

 

 

   

 

 

   

 

 

   

 

 

 

         Shares outstanding

     1,974,702       93,305,819       21,136,818       2,832,745  
  

 

 

   

 

 

   

 

 

   

 

 

 

         Net Assets

   $ 10,595,685     $ 749,601,271     $ 194,107,320     $ 20,666,197  
  

 

 

   

 

 

   

 

 

   

 

 

 

 

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

 

 

  196  

 


Hartford Fixed Income Funds

Statements of Assets and Liabilities – (continued)

October 31, 2020

 

 

 

     The Hartford
Emerging
Markets Local
Debt Fund
     The Hartford
Floating Rate
Fund
     The Hartford
Floating Rate
High Income
Fund
     The Hartford
High Yield Fund
 

Class R3:  Net asset value per share

   $ 5.37      $ 8.10      $ 9.25      $ 7.28  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     2,013        578,583        13,861        256,330  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 10,815      $ 4,684,160      $ 128,248      $ 1,865,629  
  

 

 

    

 

 

    

 

 

    

 

 

 

Class R4:  Net asset value per share

   $ 5.37      $ 8.04      $ 9.21      $ 7.29  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     8,073        282,920        37,649        136,768  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 43,328      $ 2,274,204      $ 346,874      $ 996,795  
  

 

 

    

 

 

    

 

 

    

 

 

 

Class R5:  Net asset value per share

   $ 5.15      $ 8.03      $ 9.18      $ 7.26  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     8,697        122,899        1,154,670        84,580  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 44,746      $ 986,910      $ 10,604,549      $ 613,821  
  

 

 

    

 

 

    

 

 

    

 

 

 

Class Y:  Net asset value per share

   $ 5.33      $ 8.01      $ 9.19      $ 7.20  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     8,083,216        5,313,320        807,854        117,947  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 43,061,724      $ 42,537,750      $ 7,422,335      $ 848,720  
  

 

 

    

 

 

    

 

 

    

 

 

 

Class F:  Net asset value per share

   $ 5.37      $ 8.02      $ 9.20      $ 7.28  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     596,153        11,570,443        1,507,777        9,872,398  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 3,200,911      $ 92,848,748      $ 13,873,657      $ 71,862,705  
  

 

 

    

 

 

    

 

 

    

 

 

 

Cost of investments

   $     63,678,359      $     1,995,035,126      $     354,312,515      $     349,776,662  

Cost of foreign currency

   $ 463,683      $ 18,893,120      $ 9,725,204      $ 55,308  

Proceeds of written option contracts

   $ 301,156      $      $      $  

 

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

 

 

  197  

 


Hartford Fixed Income Funds

Statements of Assets and Liabilities – (continued)

October 31, 2020

 

 

 

     The Hartford
Inflation Plus
Fund
    Hartford
Municipal
Income Fund
     The Hartford
Municipal
Opportunities
Fund
     Hartford
Municipal Short
Duration Fund
 

Assets:

          

Investments in securities, at market value(1)

   $ 516,283,727     $ 79,807,736      $ 1,378,446,053      $ 23,941,481  

Repurchase agreements

     15,746,853       3,206,325        71,063,251        1,442,949  

Cash

     11,417,670       1,473,220        31,564,836        634,246  

Cash collateral held for securities on loan

     6,023                      

Foreign currency

     2,169,078                      

Unrealized appreciation on OTC swap contracts

     1,877,135                      

Unrealized appreciation on foreign currency contracts

     814,245                      

Receivables:

          

From affiliates

           15,740               8,833  

Investment securities sold

     10,075,783                      

Fund shares sold

     584,032       106,972        1,946,868         

Dividends and interest

     1,037,429       828,908        15,379,995        268,062  

Other assets

     63,278       36,684        68,891        25,596  
  

 

 

   

 

 

    

 

 

    

 

 

 

Total assets

     560,075,253       85,475,585        1,498,469,894        26,321,167  
  

 

 

   

 

 

    

 

 

    

 

 

 

Liabilities:

          

Unrealized depreciation on foreign currency contracts

     405,898                      

Unrealized depreciation on bond forward contracts

     220,308                      

Obligation to return securities lending collateral

     120,450                      

Unrealized depreciation on OTC swap contracts

     1,179,730                      

Cash collateral due to broker on swap contracts

     1,250,000                      

Unfunded loan commitments

     44,799                      

Payables:

          

Investment securities purchased

     32,084,556       1,998,174        27,966,990        384,371  

Fund shares redeemed

     240,910       61,864        2,224,331        13,290  

Investment management fees

     173,379       24,276        374,267        7,524  

Transfer agent fees

     84,840       8,130        133,386        2,398  

Accounting services fees

     6,223       970        16,613        301  

Board of Directors’ fees

     1,930       272        4,693        95  

Variation margin on futures contracts

     20,406                      

Variation margin on centrally cleared swap contracts

     15,011                      

Foreign taxes

     12,104                      

Distribution fees

     14,673       2,161        27,569        888  

Distributions payable

           313        289,153        31  

Accrued expenses

     77,014       28,901        77,320        27,363  

OTC swap contracts premiums received

     345,885                      
  

 

 

   

 

 

    

 

 

    

 

 

 

Total liabilities

     36,298,116       2,125,061        31,114,322        436,261  
  

 

 

   

 

 

    

 

 

    

 

 

 

Net assets

   $ 523,777,137     $ 83,350,524      $ 1,467,355,572      $ 25,884,906  
  

 

 

   

 

 

    

 

 

    

 

 

 

Summary of Net Assets:

          

Capital stock and paid-in-capital

   $ 570,268,315     $ 80,985,212      $ 1,417,192,264      $ 25,504,752  

Distributable earnings (loss)

     (46,491,178     2,365,312        50,163,308        380,154  
  

 

 

   

 

 

    

 

 

    

 

 

 

Net assets

   $ 523,777,137     $ 83,350,524      $ 1,467,355,572      $ 25,884,906  
  

 

 

   

 

 

    

 

 

    

 

 

 

Shares authorized

         6,190,000,000           300,000,000            620,000,000            300,000,000  
  

 

 

   

 

 

    

 

 

    

 

 

 

Par value

   $ 0.0010     $ 0.0010      $ 0.0010      $ 0.0010  
  

 

 

   

 

 

    

 

 

    

 

 

 

Class A:  Net asset value per share

   $ 11.11     $ 10.83      $ 8.93      $ 10.16  
  

 

 

   

 

 

    

 

 

    

 

 

 

         Maximum offering price per share

   $ 11.63     $ 11.34      $ 9.35      $ 10.64  
  

 

 

   

 

 

    

 

 

    

 

 

 

         Shares outstanding

     18,064,446       3,468,781        48,957,675        1,806,497  
  

 

 

   

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 200,744,805     $ 37,550,526      $ 437,341,179      $ 18,359,311  
  

 

 

   

 

 

    

 

 

    

 

 

 

Class C:  Net asset value per share

   $ 10.70     $ 10.82      $ 8.94      $ 10.16  
  

 

 

   

 

 

    

 

 

    

 

 

 

         Shares outstanding

     1,935,210       428,963        6,607,839        145,993  
  

 

 

   

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 20,712,908     $ 4,642,140      $ 59,074,214      $ 1,482,771  
  

 

 

   

 

 

    

 

 

    

 

 

 

Class I:  Net asset value per share

   $ 11.35     $ 10.79      $ 8.94      $ 10.15  
  

 

 

   

 

 

    

 

 

    

 

 

 

         Shares outstanding

     4,770,183       2,489,409        81,056,145        382,182  
  

 

 

   

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 54,119,068     $ 26,865,663      $ 724,260,034      $ 3,878,589  
  

 

 

   

 

 

    

 

 

    

 

 

 

 

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

 

 

  198  

 


Hartford Fixed Income Funds

Statements of Assets and Liabilities – (continued)

October 31, 2020

 

 

 

     The Hartford
Inflation Plus
Fund
     Hartford
Municipal
Income Fund
     The Hartford
Municipal
Opportunities
Fund
     Hartford
Municipal Short
Duration Fund
 

Class R3:  Net asset value per share

   $ 10.89      $      $      $  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     3,252,894                       
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 35,409,740      $      $      $  
  

 

 

    

 

 

    

 

 

    

 

 

 

Class R4:  Net asset value per share

   $ 11.12      $      $      $  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     509,455                       
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 5,663,227      $      $      $  
  

 

 

    

 

 

    

 

 

    

 

 

 

Class R5:  Net asset value per share

   $ 11.30      $      $      $  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     145,975                       
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 1,650,242      $      $      $  
  

 

 

    

 

 

    

 

 

    

 

 

 

Class Y:  Net asset value per share

   $ 11.37      $      $ 8.93      $  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     2,711,174               1,742,286         
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 30,812,610      $      $ 15,558,867      $  
  

 

 

    

 

 

    

 

 

    

 

 

 

Class F:  Net asset value per share

   $ 11.34      $ 10.80      $ 8.92      $ 10.16  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     15,399,017        1,323,921        25,899,458        213,069  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 174,664,537      $ 14,292,195      $ 231,121,278      $ 2,164,235  
  

 

 

    

 

 

    

 

 

    

 

 

 

Cost of investments

   $     517,622,300      $     80,620,026      $     1,397,338,936      $     25,009,597  

Cost of foreign currency

   $ 2,178,071      $      $      $  

(1) Includes Investment in securities on loan, at market value

   $ 117,530      $      $      $  

 

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

 

 

  199  

 


Hartford Fixed Income Funds

Statements of Assets and Liabilities – (continued)

October 31, 2020

 

 

 

     The Hartford
Short Duration
Fund
     The Hartford
Strategic Income
Fund
     The Hartford
Total Return
Bond Fund
     The Hartford
World Bond
Fund
 

Assets:

 

Investments in securities, at market value(1)

   $     1,652,004,747      $     1,750,755,592      $     3,539,601,435      $     4,418,396,075  

Repurchase agreements

     12,194,680        53,558,647        181,633,757        78,454,458  

Cash

     23,559,637        64,796,546        90,675,506        40,033,448  

Cash collateral held for securities on loan

     240,685        391,864        207,017        150,787  

Cash collateral due from broker on swap contracts

                   455,000        4,245,000  

Foreign currency

     6,953,114        9,715,653        3,058,689        45,760,452  

Unrealized appreciation on OTC swap contracts

            147,951        37,314        223,579  

Unrealized appreciation on foreign currency contracts

     469,579        3,331,247        593,182        31,972,652  

Receivables:

 

From affiliates

            8,944                

Investment securities sold

     1,890,708        65,040,437        366,120,903        75,029,123  

Fund shares sold

     7,012,478        24,534,629        6,703,431        8,625,224  

Dividends and interest

     8,104,218        13,140,475        17,152,456        21,623,104  

Securities lending income

     728        2,265        4,534        2,074  

Variation margin on futures contracts

     1,251,159               193,156        1,481,261  

Variation margin on centrally cleared swap contracts

            1,598,106        185,921         

Tax reclaims

            21,020        1,636        6,258  

OTC swap contracts premiums paid

            515,340        974,452        1,798,441  

Other assets

     119,275        122,809        129,813        142,518  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total assets

     1,713,801,008        1,987,681,525        4,207,728,202        4,727,944,454  
  

 

 

    

 

 

    

 

 

    

 

 

 

Liabilities:

 

Unrealized depreciation on foreign currency contracts

     5,874        789,224        7,972        55,002,667  

Obligation to return securities lending collateral

     4,813,690        7,837,282        4,140,341        3,015,734  

Unrealized depreciation on OTC swap contracts

            4,401,574        5,654,474        368,754  

Cash collateral due to broker on swap contracts

                          1,465,000  

TBA sale commitments, at market value

                   37,814,468        45,300,563  

Unfunded loan commitments

     563,756        647,207        117,777         

Payables:

 

Investment securities purchased

     34,337,121        267,235,686        1,157,286,442        137,418,784  

Fund shares redeemed

     10,249,879        3,740,651        2,764,715        7,674,951  

Investment management fees

     523,815        669,777        705,586        2,221,164  

Transfer agent fees

     215,748        162,617        297,112        500,668  

Accounting services fees

     19,252        18,466        34,979        52,959  

Board of Directors’ fees

     5,516        4,656        9,647        19,021  

Variation margin on futures contracts

            358,611                

Variation margin on centrally cleared swap contracts

                          265,960  

Foreign taxes

            7,409                

Distribution fees

     48,123        23,548        55,205        28,416  

Distributions payable

     227,894               113,541         

Written options

            6,312,615        2,667,700        707,897  

Accrued expenses

     155,539        141,962        320,662        901,831  

OTC swap contracts premiums received

            12,246,125        4,157,964        109,269  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total liabilities

     51,166,207        304,597,410        1,216,148,585        255,053,638  
  

 

 

    

 

 

    

 

 

    

 

 

 

Net assets

   $ 1,662,634,801      $ 1,683,084,115      $ 2,991,579,617      $ 4,472,890,816  
  

 

 

    

 

 

    

 

 

    

 

 

 

Summary of Net Assets:

 

Capital stock and paid-in-capital

   $ 1,644,632,969      $ 1,670,059,524      $ 2,859,199,773      $ 4,421,205,652  

Distributable earnings (loss)

     18,001,832        13,024,591        132,379,844        51,685,164  
  

 

 

    

 

 

    

 

 

    

 

 

 

Net assets

   $ 1,662,634,801      $ 1,683,084,115      $ 2,991,579,617      $ 4,472,890,816  
  

 

 

    

 

 

    

 

 

    

 

 

 

Shares authorized

     635,000,000        950,000,000        1,075,000,000        1,500,000,000  
  

 

 

    

 

 

    

 

 

    

 

 

 

Par value

   $ 0.0010      $ 0.0010      $ 0.0010      $ 0.0010  
  

 

 

    

 

 

    

 

 

    

 

 

 

Class A:  Net asset value per share

   $ 10.00      $ 9.02      $ 11.13      $ 10.59  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Maximum offering price per share

   $ 10.20      $ 9.45      $ 11.65      $ 11.09  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     84,736,007        30,991,850        107,998,976        39,125,358  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 847,570,593      $ 279,446,606      $ 1,202,397,750      $ 414,355,701  
  

 

 

    

 

 

    

 

 

    

 

 

 

Class C:  Net asset value per share

   $ 10.00      $ 9.08      $ 11.26      $ 10.34  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     9,077,495        7,929,706        2,850,013        6,242,687  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 90,815,647      $ 72,030,418      $ 32,104,694      $ 64,577,679  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

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

 

 

  200  

 


Hartford Fixed Income Funds

Statements of Assets and Liabilities – (continued)

October 31, 2020

 

 

 

     The Hartford
Short Duration
Fund
     The Hartford
Strategic Income
Fund
     The Hartford
Total Return
Bond Fund
     The Hartford
World Bond
Fund
 

Class I:  Net asset value per share

   $ 9.98      $ 9.04      $ 11.10      $ 10.68  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     45,350,747        102,873,814        26,986,052        188,105,187  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 452,753,825      $ 930,484,462      $ 299,511,170      $ 2,008,606,281  
  

 

 

    

 

 

    

 

 

    

 

 

 

Class R3:  Net asset value per share

   $ 9.98      $ 9.00      $ 11.44      $ 10.51  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     237,953        166,929        443,497        133,196  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 2,375,958      $ 1,502,112      $ 5,074,726      $ 1,399,791  
  

 

 

    

 

 

    

 

 

    

 

 

 

Class R4:  Net asset value per share

   $ 9.99      $ 9.01      $ 11.34      $ 10.59  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     478,402        482,661        1,178,244        1,763,127  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 4,777,313      $ 4,347,570      $ 13,364,890      $ 18,665,692  
  

 

 

    

 

 

    

 

 

    

 

 

 

Class R5:  Net asset value per share

   $ 9.96      $ 9.00      $ 11.27      $ 10.68  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     214,758        1,703,074        235,134        770,484  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 2,139,784      $ 15,336,023      $ 2,650,548      $ 8,228,899  
  

 

 

    

 

 

    

 

 

    

 

 

 

Class R6:  Net asset value per share

   $ 9.93      $ 9.01      $ 11.19      $ 10.72  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     1,304        1,150,145        5,689,898        10,617,713  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 12,954      $ 10,360,327      $ 63,656,075      $ 113,837,652  
  

 

 

    

 

 

    

 

 

    

 

 

 

Class Y:  Net asset value per share

   $ 9.94      $ 8.99      $ 11.21      $ 10.71  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     703,848        10,568,000        36,615,062        34,185,964  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 6,999,214      $ 95,044,229      $ 410,349,209      $ 366,176,696  
  

 

 

    

 

 

    

 

 

    

 

 

 

Class F:  Net asset value per share

   $ 9.98      $ 9.04      $ 11.03      $ 10.70  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     25,574,186        30,372,573        87,253,253        138,102,115  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 255,189,513      $ 274,532,368      $ 962,470,555      $ 1,477,042,425  
  

 

 

    

 

 

    

 

 

    

 

 

 

Cost of investments

   $     1,635,495,596      $     1,803,621,461      $     3,602,353,153      $     4,376,014,426  

Cost of foreign currency

   $ 6,954,305      $ 9,786,738      $ 3,059,353      $ 45,759,734  

Proceeds of TBA sale commitments

   $      $      $ 37,782,935      $ 45,311,076  

Proceeds of written option contracts

   $      $ 5,913,953      $ 2,150,850      $ 2,398,938  

(1) Includes Investment in securities on loan, at market value

   $ 4,684,079      $ 7,626,512      $ 3,977,766      $ 2,931,454  

 

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

 

 

  201  

 


Hartford Fixed Income Funds

Statements of Operations

For the Year Ended October 31, 2020

 

 

 

     The Hartford
Emerging

Markets Local
Debt Fund
    The Hartford
Floating Rate
Fund
    The Hartford
Floating Rate
High Income
Fund
    The Hartford
High Yield
Fund
 

Investment Income:

 

Dividends

   $     $ 158,257     $ 207,703     $ 79,156  

Interest

     5,246,783       107,090,539       17,930,499       19,414,603  

Securities lending

     6,868                    

Less: Foreign tax withheld

     (66,896           (10      
  

 

 

   

 

 

   

 

 

   

 

 

 

Total investment income, net

     5,186,755       107,248,796       18,138,192       19,493,759  
  

 

 

   

 

 

   

 

 

   

 

 

 

Expenses:

 

Investment management fees

     731,239       14,053,763       2,544,480       2,181,362  

Transfer agent fees

        

Class A

     9,357       713,230       85,754       412,921  

Class C

     4,547       308,230       48,281       40,072  

Class I

     22,067       750,136       181,330       19,586  

Class R3

     24       11,478       380       4,207  

Class R4

     75       4,420       581       1,691  

Class R5

     45       1,332       12,100       829  

Class Y

     68,552       28,876       11,040       7,258  

Class F

     147       2,360       633       1,021  

Distribution fees

        

Class A

     12,314       1,687,403       182,442       570,350  

Class C

     22,293       3,406,553       463,861       289,489  

Class R3

     55       26,470       863       9,608  

Class R4

     110       6,516       856       2,484  

Custodian fees

     33,286       23,746       7,018       6,187  

Registration and filing fees

     115,658       160,220       113,625       119,468  

Accounting services fees

     15,273       360,046       56,543       54,169  

Board of Directors’ fees

     2,722       63,859       10,479       10,786  

Audit and tax fees

     29,097       39,485       38,687       26,781  

Other expenses

     26,646       360,099       71,511       111,676  
  

 

 

   

 

 

   

 

 

   

 

 

 

Total expenses (before waivers, reimbursements and fees paid indirectly)

     1,093,507       22,008,222       3,830,464       3,869,945  
  

 

 

   

 

 

   

 

 

   

 

 

 

Expense waivers

     (188,232     (68,429     (289,437     (330,268

Transfer agent fee waivers

           (2,150            

Distribution fee reimbursements

     (177     (4,573     (195     (4,777
  

 

 

   

 

 

   

 

 

   

 

 

 

Total waivers, reimbursements and fees paid indirectly

     (188,409     (75,152     (289,632     (335,045
  

 

 

   

 

 

   

 

 

   

 

 

 

Total expenses, net

     905,098       21,933,070       3,540,832       3,534,900  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Investment Income (Loss)

     4,281,657       85,315,726       14,597,360       15,958,859  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions on:

        

Investments

     (7,922,601     (162,732,860     (24,267,002     (6,623,021

Less: Foreign taxes paid on realized capital gains

     (62,437                  

Purchased options contracts

     20,246                    

Futures contracts

     57,684                    

Written options contracts

     360,321                    

Swap contracts

     (343,636     (6,316,254     (1,281,404     (55,254

Foreign currency contracts

     (1,904,873     (9,539,552     (1,675,895     (405,491

Other foreign currency transactions

     (236,686     (531,398     (401,147     (52,425
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions

     (10,031,982     (179,120,064     (27,625,448     (7,136,191
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions of:

        

Investments*

     (1,937,484     22,276,193       4,829,917       1,626,459  

Purchased options contracts

     237,172                    

Futures contracts

     (43,215                  

Written options contracts

     28,352                    

Swap contracts

     (167,693     2,795,405       736,023       (13,631

Foreign currency contracts

     (1,763,714     5,168,544       1,173,047       401,472  

Translation of other assets and liabilities in foreign currencies

     3,226       (355,030     (85,030     (3,500
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions

     (3,643,356     29,885,112       6,653,957       2,010,800  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions

     (13,675,338     (149,234,952     (20,971,491     (5,125,391
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Increase (Decrease) in Net Assets Resulting from Operations

   $ (9,393,681   $ (63,919,226   $ (6,374,131   $     10,833,468  
  

 

 

   

 

 

   

 

 

   

 

 

 

*Includes change in unrealized appreciation (depreciation) on deferred capital gains tax

   $ 30,813     $     $     $  

 

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

 

 

  202  

 


Hartford Fixed Income Funds

Statements of Operations – (continued)

For the Year Ended October 31, 2020

 

 

 

     The Hartford
Inflation Plus
Fund
    Hartford
Municipal
Income Fund
    The Hartford
Municipal
Opportunities
Fund
    Hartford
Municipal
Short Duration
Fund
 

Investment Income:

        

Interest

   $ 9,999,418     $ 1,449,507     $ 33,691,282     $ 553,632  

Securities lending

     1,082                    

Less: Foreign tax withheld

     (39,899                  
  

 

 

   

 

 

   

 

 

   

 

 

 

Total investment income, net

     9,960,601       1,449,507       33,691,282       553,632  
  

 

 

   

 

 

   

 

 

   

 

 

 

Expenses:

        

Investment management fees

     2,121,686       203,390       3,974,044       83,986  

Transfer agent fees

        

Class A

     325,784       17,492       273,000       9,996  

Class C

     38,002       5,102       44,212       1,931  

Class I

     49,537       17,150       442,070       2,283  

Class R3

     78,137                    

Class R4

     11,559                    

Class R5

     1,643                    

Class Y

     30,056             13,742        

Class F

     321       139       1,399       73  

Distribution fees

        

Class A

     468,091       76,765       1,057,376       45,644  

Class C

     260,340       43,295       652,388       13,206  

Class R3

     183,234                    

Class R4

     16,991                    

Custodian fees

     9,868       1,899       12,090       1,852  

Registration and filing fees

     106,871       73,439       171,460       61,830  

Accounting services fees

     77,179       8,628       185,358       3,558  

Board of Directors’ fees

     15,430       1,950       40,489       706  

Audit and tax fees

     37,432       26,655       27,039       26,647  

Other expenses

     89,675       15,611       137,638       11,681  
  

 

 

   

 

 

   

 

 

   

 

 

 

Total expenses (before waivers, reimbursements and fees paid indirectly)

     3,921,836       491,515       7,032,305       263,393  
  

 

 

   

 

 

   

 

 

   

 

 

 

Expense waivers

     (134,988     (116,496           (98,902

Transfer agent fee waivers

     (28,609                  

Distribution fee reimbursements

     (6,502     (54     (3,100     (447
  

 

 

   

 

 

   

 

 

   

 

 

 

Total waivers, reimbursements and fees paid indirectly

     (170,099     (116,550     (3,100     (99,349
  

 

 

   

 

 

   

 

 

   

 

 

 

Total expenses, net

     3,751,737       374,965       7,029,205       164,044  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Investment Income (Loss)

     6,208,864       1,074,542       26,662,077       389,588  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions on:

        

Investments

     18,002,942       (27,478     2,602,363       3,123  

Less: Foreign taxes paid on realized capital gains

     (91,862                  

Futures contracts

     (333,211                  

Swap contracts

     (3,580,386                  

Bond forward contracts

     4,537,895                    

Foreign currency contracts

     66,556                    

Other foreign currency transactions

     (96,657                  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions

     18,505,277       (27,478     2,602,363       3,123  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions of:

        

Investments*

     8,065,848       712,473       4,622,938       295  

Purchased options contracts

     (72,723                  

Futures contracts

     (37,671                  

Swap contracts

     1,458,871                    

Bond forward contracts

     (457,974                  

Foreign currency contracts

     530,758                    

Translation of other assets and liabilities in foreign currencies

     (4,332                  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions

     9,482,777       712,473       4,622,938       295  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions

     27,988,054       684,995       7,225,301       3,418  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Increase (Decrease) in Net Assets Resulting from Operations

   $     34,196,918     $     1,759,537     $     33,887,378     $     393,006  
  

 

 

   

 

 

   

 

 

   

 

 

 

*Includes change in unrealized appreciation (depreciation) on deferred capital gains tax

   $ (12,104   $     $     $  

 

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

 

 

  203  

 


Hartford Fixed Income Funds

Statements of Operations – (continued)

For the Year Ended October 31, 2020

 

 

 

     The Hartford
Short Duration
Fund
    The Hartford
Strategic
Income Fund
    The Hartford
Total Return
Bond Fund
    The Hartford
World Bond
Fund
 

Investment Income:

        

Dividends

   $     $ 499,601     $ 16,689     $ 97,019  

Interest

         44,069,593           39,586,909           70,901,213           79,841,676  

Securities lending

     16,935       150,786       64,530       74,055  

Less: Foreign tax withheld

           (18,574           (500,795
  

 

 

   

 

 

   

 

 

   

 

 

 

Total investment income, net

     44,086,528       40,218,722       70,982,432       79,511,955  
  

 

 

   

 

 

   

 

 

   

 

 

 

Expenses:

 

Investment management fees

     5,575,297       5,094,004       7,073,602       28,636,612  

Transfer agent fees

 

Class A

     1,038,246       299,350       1,271,187       534,321  

Class C

     86,645       60,793       46,384       82,783  

Class I

     335,192       373,864       126,845       1,970,332  

Class R3

     3,260       1,877       10,473       3,859  

Class R4

     5,312       2,634       18,586       22,894  

Class R5

     1,920       11,417       1,829       7,936  

Class R6

           116       2,175       2,537  

Class Y

     9,475       23,197       234,541       449,389  

Class F

     3,717       1,244       5,306       46,597  

Distribution fees

 

Class A

     1,800,774       541,400       2,646,515       1,044,444  

Class C

     840,986       567,207       269,486       750,884  

Class R3

     7,766       4,560       24,016       8,776  

Class R4

     14,520       4,112       27,680       35,785  

Custodian fees

     20,096       54,540       41,966       231,498  

Registration and filing fees

     292,065       174,210       211,667       336,095  

Accounting services fees

     225,527       153,641       395,612       789,772  

Board of Directors’ fees

     46,622       33,171       79,302       154,596  

Audit and tax fees

     32,342       38,411       35,594       36,012  

Other expenses

     268,477       159,542       541,681       1,430,271  
  

 

 

   

 

 

   

 

 

   

 

 

 

Total expenses (before waivers, reimbursements and fees paid indirectly)

     10,608,239       7,599,290       13,064,447       36,575,393  
  

 

 

   

 

 

   

 

 

   

 

 

 

Expense waivers

           (56,754            

Transfer agent fee waivers

     (137,081                 (102,462

Distribution fee reimbursements

     (128,973     (1,387     (13,685     (1,786
  

 

 

   

 

 

   

 

 

   

 

 

 

Total waivers, reimbursements and fees paid indirectly

     (266,054     (58,141     (13,685     (104,248
  

 

 

   

 

 

   

 

 

   

 

 

 

Total expenses, net

     10,342,185       7,541,149       13,050,762       36,471,145  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Investment Income (Loss)

     33,744,343       32,677,573       57,931,670       43,040,810  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions on:

        

Investments

     1,663,400       11,668,213       71,538,620       38,897,926  

Less: Foreign taxes paid on realized capital gains

           (6,133            

Purchased options contracts

                 2,186,913       1,592,609  

Futures contracts

     (4,827,631     13,818,992       (3,447,978     (33,930,586

Written options contracts

           31,843,186       14,410,937       3,320,378  

Swap contracts

           (20,381,200     (41,161,088     (12,076,966

Foreign currency contracts

     (1,014,250     (1,162,131     2,700,184       (110,787,738

Other foreign currency transactions

     (291,091     (969,889     208,336       (4,552,287
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions

     (4,469,572     34,811,038       46,435,924       ( 117,536,664
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions of:

        

Investments*

     9,645,737       9,687,790       54,059,287       91,760,123  

Purchased options contracts

           (152,330     (327,534     (5,361,832

Futures contracts

     221,336       (2,922,038     (1,346,899     4,181,204  

Written options contracts

           (398,662     (516,850     1,764,391  

Swap contracts

           (2,339,133     4,994,438       2,702,384  

Foreign currency contracts

     595,218       2,729,010       617,942       13,772,550  

Translation of other assets and liabilities in foreign currencies

     78,319       (29,806     39,072       381,746  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions

     10,540,610       6,574,831       57,519,243       109,200,566  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions

     6,071,038       41,385,869       103,955,167       (8,336,098
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Increase (Decrease) in Net Assets Resulting from Operations

   $ 39,815,381     $ 74,063,442     $ 161,886,837     $ 34,704,712  
  

 

 

   

 

 

   

 

 

   

 

 

 

*Includes change in unrealized appreciation (depreciation) on deferred capital gains tax

   $     $ (3,828   $     $  

 

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

 

 

  204  

 


Hartford Fixed Income Funds

Statements of Changes in Net Assets

 

 

 

     The Hartford
Emerging Markets Local
Debt Fund
    The Hartford
Floating Rate Fund
 
     For the
Year Ended
October 31,
2020
    For the
Year Ended
October 31,
2019
    For the
Year Ended
October 31,
2020
    For the
Year Ended
October 31,
2019
 

Operations:

 

Net investment income (loss)

   $ 4,281,657     $ 8,428,530     $ 85,315,726     $ 157,162,480  

Net realized gain (loss) on investments, other financial instruments and foreign currency transactions

     (10,031,982     (4,079,220     (179,120,064     (71,470,889

Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions

     (3,643,356     16,790,262       29,885,112       (33,040,742
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Increase (Decrease) in Net Assets Resulting from Operations

     (9,393,681     21,139,572       (63,919,226     52,650,849  
  

 

 

   

 

 

   

 

 

   

 

 

 

Distributions to Shareholders:

 

From distributable earnings:

        

Class A

           (273,930     (24,453,650     (42,605,947

Class C

           (110,197     (9,949,548     (22,638,862

Class I

           (2,566,171     (39,342,068     (90,636,129

Class R3

           (539     (179,234     (376,778

Class R4

           (2,112     (94,566     (266,268

Class R5

           (537     (42,641     (79,179

Class Y

           (4,366,605     (2,006,371     (20,696,019

Class F

           (243,778     (9,332,178     (6,124,743

From tax return of capital:

        

Class A

     (206,607     (148,327           (1,460,670

Class C

     (74,958     (59,669           (776,134

Class I

     (992,618     (1,389,531           (3,107,298

Class R3

     (466     (292           (12,917

Class R4

     (1,856     (1,144           (9,129

Class R5

     (1,784     (291           (2,716

Class Y

     (2,882,353     (2,364,429           (709,527

Class F

     (169,883     (132,001           (209,976
  

 

 

   

 

 

   

 

 

   

 

 

 

Total distributions

     (4,330,525     (11,659,553     (85,400,256     (189,712,292
  

 

 

   

 

 

   

 

 

   

 

 

 

Capital Share Transactions:

        

Sold

     26,616,670       62,177,421       799,880,095       1,325,514,267  

Issued in merger

                        

Issued on reinvestment of distributions

     4,258,769       10,832,065       64,039,864       137,251,452  

Redeemed

     (95,080,240     (104,817,681     (1,939,547,666     (2,429,056,377
  

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) from capital share transactions

     (64,204,801     (31,808,195     (1,075,627,707     (966,290,658
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Increase (Decrease) in Net Assets

     (77,929,007     (22,328,176     (1,224,947,189     (1,103,352,101
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Assets:

 

Beginning of period

         141,121,829       163,450,005       3,009,376,421       4,112,728,522  
  

 

 

   

 

 

   

 

 

   

 

 

 

End of period

   $ 63,192,822     $     141,121,829     $     1,784,429,232     $     3,009,376,421  
  

 

 

   

 

 

   

 

 

   

 

 

 

 

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

 

 

  205  

 


Hartford Fixed Income Funds

Statements of Changes in Net Assets – (continued)

 

 

 

     The Hartford
Floating Rate High Income Fund
    The Hartford
High Yield Fund
 
     For the
Year Ended
October 31,
2020
    For the
Year Ended
October 31,
2019
    For the
Year Ended
October 31,
2020
    For the
Year Ended
October 31,
2019
 

Operations:

        

Net investment income (loss)

   $ 14,597,360     $ 22,556,920     $ 15,958,859     $ 16,736,025  

Net realized gain (loss) on investments, other financial instruments and foreign currency transactions

     (27,625,448     (10,909,006     (7,136,191     (5,168,742

Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions

     6,653,957       (2,699,309     2,010,800       14,830,462  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Increase (Decrease) in Net Assets Resulting from Operations

     (6,374,131     8,948,605       10,833,468       26,397,745  
  

 

 

   

 

 

   

 

 

   

 

 

 

Distributions to Shareholders:

        

From distributable earnings:

        

Class A

     (2,847,261     (5,529,280     (10,231,936     (11,031,277

Class C

     (1,464,610     (3,003,151     (1,085,876     (1,504,587

Class I

     (8,549,096     (16,428,547     (923,770     (1,125,096

Class R3

     (6,253     (13,989     (80,559     (84,098

Class R4

     (13,270     (35,353     (44,563     (58,679

Class R5

     (444,267     (748,328     (33,552     (36,875

Class Y

     (420,519     (900,369     (342,680     (105,267

Class F

     (670,561     (1,921,024     (3,088,310     (3,199,002

From tax return of capital:

        

Class A

           (230,158            

Class C

           (125,007            

Class I

           (683,844            

Class R3

           (582            

Class R4

           (1,472            

Class R5

           (31,150            

Class Y

           (37,478            

Class F

           (79,963            
  

 

 

   

 

 

   

 

 

   

 

 

 

Total distributions

     (14,415,837     (29,769,695     (15,831,246     (17,144,881
  

 

 

   

 

 

   

 

 

   

 

 

 

Capital Share Transactions:

        

Sold

     154,359,016       153,965,801       120,102,240       95,955,323  

Issued in merger

                        

Issued on reinvestment of distributions

     14,307,557       29,427,171       15,473,341       16,785,736  

Redeemed

     (231,415,277     (326,786,629     (126,762,424     (92,741,566
  

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) from capital share transactions

     (62,748,704     (143,393,657     8,813,157       19,999,493  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Increase (Decrease) in Net Assets

     (83,538,672     (164,214,747     3,815,379       29,252,357  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Assets:

        

Beginning of period

     412,681,793       576,896,540       358,473,816       329,221,459  
  

 

 

   

 

 

   

 

 

   

 

 

 

End of period

   $     329,143,121     $     412,681,793     $     362,289,195     $     358,473,816  
  

 

 

   

 

 

   

 

 

   

 

 

 

 

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

 

 

  206  

 


Hartford Fixed Income Funds

Statements of Changes in Net Assets – (continued)

 

 

 

     The Hartford
Inflation Plus Fund
    Hartford
Municipal Income Fund
 
     For the
Year Ended
October 31,
2020
    For the
Year Ended
October 31,
2019
    For the
Year Ended
October 31,
2020
    For the
Year Ended
October 31,
2019
 

Operations:

 

Net investment income (loss)

   $ 6,208,864     $ 9,114,001     $ 1,074,542     $ 817,364  

Net realized gain (loss) on investments, other financial instruments and foreign currency transactions

     18,505,277       1,468,863       (27,478     347,522  

Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions

     9,482,777       19,372,434       712,473       1,964,849  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Increase (Decrease) in Net Assets Resulting from Operations

     34,196,918       29,955,298       1,759,537       3,129,735  
  

 

 

   

 

 

   

 

 

   

 

 

 

Distributions to Shareholders:

        

Class A

     (3,116,147     (6,844,656     (719,963     (499,781

Class C

     (177,866     (1,450,053     (68,864     (73,330

Class I

     (1,004,272     (1,996,980     (359,398     (198,879

Class R3

     (542,803     (1,433,971            

Class R4

     (124,519     (318,779            

Class R5

     (30,265     (103,759            

Class Y

     (473,560     (1,069,785            

Class F

     (3,168,242     (5,780,258     (180,768     (70,158
  

 

 

   

 

 

   

 

 

   

 

 

 

Total distributions

     (8,637,674     (18,998,241     (1,328,993     (842,148
  

 

 

   

 

 

   

 

 

   

 

 

 

Capital Share Transactions:

 

Sold

     122,816,206       75,425,184       57,550,170       23,267,784  

Issued in merger

                        

Issued on reinvestment of distributions

     8,418,722       18,456,778       1,325,741       824,510  

Redeemed

     (137,359,960     (143,331,898     (12,194,309     (16,776,434
  

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) from capital share transactions

     (6,125,032     (49,449,936     46,681,602       7,315,860  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Increase (Decrease) in Net Assets

     19,434,212       (38,492,879     47,112,146       9,603,447  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Assets:

 

Beginning of period

     504,342,925       542,835,804       36,238,378       26,634,931  
  

 

 

   

 

 

   

 

 

   

 

 

 

End of period

   $     523,777,137     $     504,342,925     $     83,350,524     $     36,238,378  
  

 

 

   

 

 

   

 

 

   

 

 

 

 

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

 

 

  207  

 


Hartford Fixed Income Funds

Statements of Changes in Net Assets – (continued)

 

 

 

     The Hartford
Municipal Opportunities Fund
    Hartford
Municipal Short Duration Fund
 
     For the
Year Ended
October 31,
2020
    For the
Year Ended
October 31,
2019
    For the
Year Ended
October 31,
2020
    For the
Year Ended
October 31,
2019
 

Operations:

 

Net investment income (loss)

   $ 26,662,077     $ 23,873,544     $ 389,588     $ 458,188  

Net realized gain (loss) on investments, other financial instruments and foreign currency transactions

     2,602,363       (73,735     3,123       119,839  

Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions

     4,622,938       53,221,667       295       611,613  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Increase (Decrease) in Net Assets Resulting from Operations

     33,887,378       77,021,476       393,006       1,189,640  
  

 

 

   

 

 

   

 

 

   

 

 

 

Distributions to Shareholders:

        

Class A

     (8,611,735     (8,905,141     (341,182     (283,102

Class C

     (842,411     (1,252,898     (15,127     (41,791

Class I

     (14,056,299     (12,294,014     (53,178     (109,884

Class Y

     (344,446     (432,881            

Class F

     (2,928,839     (1,989,043     (39,099     (29,612
  

 

 

   

 

 

   

 

 

   

 

 

 

Total distributions

     (26,783,730     (24,873,977     (448,586     (464,389
  

 

 

   

 

 

   

 

 

   

 

 

 

Capital Share Transactions:

 

Sold

     742,743,519       483,179,901       15,709,425       19,534,515  

Issued on reinvestment of distributions

     23,411,132       21,362,921       447,981       453,723  

Redeemed

     (396,074,833     (253,292,298     (11,632,817     (19,206,414
  

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) from capital share transactions

     370,079,818       251,250,524       4,524,589       781,824  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Increase (Decrease) in Net Assets

     377,183,466       303,398,023       4,469,009       1,507,075  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Assets:

 

Beginning of period

     1,090,172,106       786,774,083       21,415,897       19,908,822  
  

 

 

   

 

 

   

 

 

   

 

 

 

End of period

   $     1,467,355,572     $     1,090,172,106     $     25,884,906     $     21,415,897  
  

 

 

   

 

 

   

 

 

   

 

 

 

 

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

 

 

  208  

 


Hartford Fixed Income Funds

Statements of Changes in Net Assets – (continued)

 

 

 

     The Hartford
Short Duration Fund
    The Hartford
Strategic Income Fund
 
     For the
Year Ended
October 31,
2020
    For the
Year Ended
October 31,
2019
    For the
Year Ended
October 31,
2020
    For the
Year Ended
October 31,
2019
 

Operations:

 

Net investment income (loss)

   $ 33,744,343     $ 33,231,872     $ 32,677,573     $ 21,282,911  

Net realized gain (loss) on investments, other financial instruments and foreign currency transactions

     (4,469,572     (4,067,548     34,811,038       18,837,689  

Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions

     10,540,610       33,202,501       6,574,831       9,181,713  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Increase (Decrease) in Net Assets Resulting from Operations

     39,815,381       62,366,825       74,063,442       49,302,313  
  

 

 

   

 

 

   

 

 

   

 

 

 

Distributions to Shareholders:

 

Class A

     (15,890,843     (16,119,223     (7,667,575     (10,592,958

Class C

     (1,242,314     (1,520,128     (1,525,386     (2,471,096

Class I

     (10,500,742     (9,349,202     (17,139,916     (8,603,868

Class R3

     (29,075     (27,805     (28,423     (24,271

Class R4

     (136,354     (64,342     (46,207     (24,359

Class R5

     (40,924     (37,679     (405,048     (319,656

Class R6

     (320     (205 )(1)      (126,449     (41,455

Class Y

     (238,467     (394,901     (1,532,416     (216,470

Class F

     (6,474,377     (7,183,445     (7,044,452     (10,354,139
  

 

 

   

 

 

   

 

 

   

 

 

 

Total distributions

     (34,553,416     (34,696,930     (35,515,872     (32,648,272
  

 

 

   

 

 

   

 

 

   

 

 

 

Capital Share Transactions:

 

Sold

     1,100,570,097       911,987,517       1,364,984,101       370,375,629  

Issued on reinvestment of distributions

     31,656,945       31,707,387       35,272,451       31,746,198  

Redeemed

     (864,409,842     (588,039,157     (448,742,996     (189,112,675
  

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) from capital share transactions

     267,817,200       355,655,747       951,513,556       213,009,152  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Increase (Decrease) in Net Assets

     273,079,165       383,325,642       990,061,126       229,663,193  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Assets:

 

Beginning of period

     1,389,555,636       1,006,229,994       693,022,989       463,359,796  
  

 

 

   

 

 

   

 

 

   

 

 

 

End of period

   $     1,662,634,801     $     1,389,555,636     $     1,683,084,115     $     693,022,989  
  

 

 

   

 

 

   

 

 

   

 

 

 

 

(1) 

Commenced operations on February 28, 2019.

 

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

 

 

  209  

 


Hartford Fixed Income Funds

Statements of Changes in Net Assets – (continued)

 

 

 

     The Hartford
Total Return Bond Fund
    The Hartford
World Bond Fund
 
     For the
Year Ended
October 31,
2020
    For the
Year Ended
October 31,
2019
    For the
Year Ended
October 31,
2020
    For the
Year Ended
October 31,
2019
 

Operations:

        

Net investment income (loss)

   $ 57,931,670     $ 59,543,073     $ 43,040,810     $ 65,048,375  

Net realized gain (loss) on investments, other financial instruments and foreign currency transactions

     46,435,924       30,299,214       (117,536,664     216,168,044  

Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions

     57,519,243       117,529,811       109,200,566       17,579,163  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Increase (Decrease) in Net Assets Resulting from Operations

     161,886,837       207,372,098       34,704,712       298,795,582  
  

 

 

   

 

 

   

 

 

   

 

 

 

Distributions to Shareholders:

        

Class A

     (24,713,615     (28,739,574     (9,714,634     (16,361,894

Class C

     (403,472     (638,429     (1,530,082     (3,134,237

Class I

     (4,973,747     (2,470,802     (55,886,615     (99,476,152

Class R3

     (94,664     (133,515     (37,373     (52,458

Class R4

     (248,950     (383,190     (258,182     (67,409

Class R5

     (42,277     (55,498     (159,088     (212,639

Class R6

     (1,608,114     (324,510     (699,005     (615,088

Class Y

     (10,770,483     (19,318,984     (12,150,614     (32,773,837

Class F

     (22,805,593     (20,720,111     (51,436,468     (81,139,778
  

 

 

   

 

 

   

 

 

   

 

 

 

Total distributions

     (65,660,915     (72,784,613     (131,872,061     (233,833,492
  

 

 

   

 

 

   

 

 

   

 

 

 

Capital Share Transactions:

        

Sold

     1,206,382,514       562,037,176       2,017,345,877       2,373,718,798  

Issued in merger

     62,746,951                    

Issued on reinvestment of distributions

     64,083,599       71,565,959       124,555,264       221,092,216  

Redeemed

     (622,728,515     (586,910,714     (2,882,971,265     (1,968,243,930
  

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) from capital share transactions

     710,484,549       46,692,421       (741,070,124     626,567,084  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Increase (Decrease) in Net Assets

     806,710,471       181,279,906       (838,237,473     691,529,174  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Assets:

        

Beginning of period

     2,184,869,146       2,003,589,240       5,311,128,289       4,619,599,115  
  

 

 

   

 

 

   

 

 

   

 

 

 

End of period

   $     2,991,579,617     $     2,184,869,146     $     4,472,890,816     $     5,311,128,289  
  

 

 

   

 

 

   

 

 

   

 

 

 

 

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

 

 

  210  

 


Hartford Fixed Income Funds

Financial Highlights

 

 

 

    — Selected Per-Share Data(1)     — Ratios and Supplemental Data —  

Class

  Net Asset
Value at
Beginning
of Period
    Net
Investment
Income
(Loss)
    Net
Realized
and
Unrealized
Gain (Loss)
on
Investments
    Total from
Investment
Operations
    Dividends
from Net
Investment
Income
    Distributions
from
Capital
Gains
    Returns
of Capital
    Total
Dividends
and
Distributions
    Net
Asset
Value at
End of
Period
    Total
Return(2)
    Net
Assets at
End of
Period
(000s)
    Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3)(4)
    Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3)(4)
    Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets(4)
    Portfolio
Turnover
 
The Hartford Emerging Markets Local Debt Fund  

For the Year Ended October 31, 2020

 

A

  $   5.86     $   0.22     $   (0.46   $   (0.24   $   —     $   —     $   (0.23   $   (0.23   $   5.39       (4.02 )%    $   4,441       1.42     1.18     4.08     99

C

    5.86       0.19       (0.46     (0.27                 (0.19     (0.19     5.40       (4.66     1,795       2.18       1.93       3.35       99  

I

    5.84       0.25       (0.47     (0.22                 (0.25     (0.25     5.37       (3.73     10,596       1.07       0.93       4.43       99  

R3

    5.84       0.23       (0.46     (0.23                 (0.24     (0.24     5.37       (3.97     11       1.70       1.06       4.20       99  

R4

    5.83       0.22       (0.45     (0.23                 (0.23     (0.23     5.37       (3.87     43       1.40       1.18       4.07       99  

R5

    5.60       0.22       (0.42     (0.20                 (0.25     (0.25     5.15       (3.52     45       1.10       0.88       4.31       99  

Y

    5.80       0.24       (0.46     (0.22                 (0.25     (0.25     5.33       (3.72     43,062       1.09       0.88       4.43       99  

F

    5.84       0.25       (0.47     (0.22                 (0.25     (0.25     5.37       (3.65     3,201       0.98       0.83       4.46       99  

For the Year Ended October 31, 2019

 

A

  $   5.50     $   0.29     $   0.48     $   0.77     $   (0.27   $   —     $   (0.14   $   (0.41   $   5.86       14.52   $   5,691       1.45     1.25     5.10     110

C

    5.50       0.25       0.47       0.72       (0.23           (0.13     (0.36     5.86       13.57       2,495       2.19       2.00       4.35       110  

I

    5.48       0.31       0.48       0.79       (0.28           (0.15     (0.43     5.84       14.92       41,300       1.11       0.98       5.36       110  

R3

    5.47       0.29       0.49       0.78       (0.27           (0.14     (0.41     5.84       14.82       12       1.74       1.17       5.16       110  

R4

    5.47       0.29       0.48       0.77       (0.27           (0.14     (0.41     5.83       14.58       49       1.44       1.25       5.09       110  

R5

    5.27       0.29       0.47       0.76       (0.28           (0.15     (0.43     5.60       14.96       11       1.14       0.95       5.36       110  

Y

    5.44       0.31       0.48       0.79       (0.28           (0.15     (0.43     5.80       15.12       87,413       1.10       0.90       5.44       110  

F

    5.48       0.31       0.48       0.79       (0.28           (0.15     (0.43     5.84       15.00       4,150       1.02       0.90       5.44       110  

For the Year Ended October 31, 2018

 

A

  $   7.62     $   0.30     $   (0.75   $   (0.45   $   (1.67   $   —     $   —     $   (1.67   $   5.50       (8.25 )%    $   6,774       1.41     1.25     4.78     130

C

    7.62       0.25       (0.75     (0.50     (1.62                 (1.62     5.50       (8.86     2,951       2.19       2.00       4.04       130  

I

    7.61       0.32       (0.76     (0.44     (1.69                 (1.69     5.48       (8.00     62,924       1.07       0.96       5.08       130  

R3

    7.60       0.29       (0.76     (0.47     (1.66                 (1.66     5.47       (8.44     11       1.73       1.39       4.65       130  

R4

    7.60       0.30       (0.76     (0.46     (1.67                 (1.67     5.47       (8.29     60       1.43       1.25       4.79       130  

R5

    7.38       0.31       (0.73     (0.42     (1.69                 (1.69     5.27       (7.98     10       1.13       0.95       5.11       130  

Y

    7.57       0.32       (0.75     (0.43     (1.70                 (1.70     5.44       (7.99     86,121       1.06       0.90       5.13       130  

F

    7.61       0.32       (0.76     (0.44     (1.69                 (1.69     5.48       (7.93     4,599       1.01       0.90       5.15       130  

For the Year Ended October 31, 2017

 

A

  $   7.48     $   0.37     $   0.11     $   0.48     $   (0.34   $   —     $   —     $   (0.34   $   7.62       6.80   $   8,324       1.44     1.25     4.87     151

C

    7.47       0.31       0.13       0.44       (0.29                 (0.29     7.62       5.98       2,777       2.20       2.00       4.13       151  

I

    7.46       0.39       0.13       0.52       (0.37                 (0.37     7.61       7.11       46,768       1.18       1.00       5.10       151  

R3

    7.43       0.35       0.13       0.48       (0.31                 (0.31     7.60       6.61       12       1.96       1.50       4.67       151  

R4

    7.45       0.37       0.12       0.49       (0.34                 (0.34     7.60       6.73       46       1.50       1.25       4.86       151  

R5

    7.24       0.38       0.11       0.49       (0.35                 (0.35     7.38       7.00       11       1.21       0.95       5.22       151  

Y

    7.43       0.39       0.12       0.51       (0.37                 (0.37     7.57       7.11       94,802       1.07       0.90       5.24       151  

F(7)

    7.29       0.26       0.31       0.57       (0.25                 (0.25     7.61       7.87 (5)      2,210       1.04 (6)      0.90 (6)      4.99 (6)      151  

For the Year Ended October 31, 2016

 

A

  $   7.09     $   0.35     $   0.38     $   0.73     $   —     $   —     $   (0.34   $   (0.34   $   7.48       10.62   $   5,804       1.64     1.26 %(8)      4.91     187

C

    7.08       0.30       0.37       0.67                   (0.28     (0.28     7.47       9.78       1,895       2.43       2.01 (8)      4.14       187  

I

    7.07       0.37       0.38       0.75                   (0.36     (0.36     7.46       10.93       9,871       1.41       1.01 (8)      5.08       187  

R3

    7.08       0.32       0.35       0.67                   (0.32     (0.32     7.43       9.80       20       1.92       1.56 (8)      4.44       187  

R4

    7.08       0.34       0.38       0.72                   (0.35     (0.35     7.45       10.51       31       1.61       1.26 (8)      4.76       187  

R5

    7.08       0.36       0.34       0.70                   (0.54     (0.54     7.24       10.44       12       1.30       0.96 (8)      5.04       187  

Y

    7.05       0.37       0.38       0.75                   (0.37     (0.37     7.43       10.96       87,545       1.20       0.91 (8)      5.26       187  

 

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

 

 

  211  

 


Hartford Fixed Income Funds

Financial Highlights – (continued)

 

 

 

    — Selected Per-Share Data(1)     — Ratios and Supplemental Data —  

Class

  Net Asset
Value at
Beginning
of Period
    Net
Investment
Income
(Loss)
    Net
Realized
and
Unrealized
Gain (Loss)
on
Investments
    Total from
Investment
Operations
    Dividends
from Net
Investment
Income
    Distributions
from
Capital
Gains
    Returns
of Capital
    Total
Dividends
and
Distributions
    Net
Asset
Value at
End of
Period
    Total
Return(2)
    Net
Assets at
End of
Period
(000s)
    Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3)(4)
    Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3)(4)
    Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets(4)
    Portfolio
Turnover
 
The Hartford Floating Rate Fund  

For the Year Ended October 31, 2020

 

A

  $   8.37     $   0.29     $   (0.33   $   (0.04   $   (0.29   $   —     $   —     $   (0.29   $   8.04       (0.40 )%    $   659,749       1.01     1.00     3.62     86

C

    8.45       0.24       (0.34     (0.10     (0.23                 (0.23     8.12       (1.10     231,747       1.74       1.74       2.91       86  

I

    8.36       0.32       (0.34     (0.02     (0.31                 (0.31     8.03       (0.14     749,601       0.73       0.73       3.93       86  

R3

    8.42       0.27       (0.32     (0.05     (0.27                 (0.27     8.10       (0.51     4,684       1.37       1.25       3.38       86  

R4

    8.36       0.29       (0.32     (0.03     (0.29                 (0.29     8.04       (0.29     2,274       1.07       1.00       3.63       86  

R5

    8.35       0.31       (0.32     (0.01     (0.31                 (0.31     8.03       (0.07     987       0.77       0.77       3.84       86  

Y

    8.33       0.32       (0.33     (0.01     (0.31                 (0.31     8.01       (0.00 )(27)      42,538       0.71       0.71       3.93       86  

F

    8.36       0.33       (0.35     (0.02     (0.32                 (0.32     8.02       (0.20     92,849       0.65       0.65       4.09       86  

For the Year Ended October 31, 2019

 

A

  $   8.68     $   0.39     $   (0.23   $   0.16     $   (0.45   $   —     $   (0.02   $   (0.47   $   8.37       1.98   $   762,132       1.00     1.00     4.61     46

C

    8.67       0.33       (0.23     0.10       (0.31           (0.01     (0.32     8.45       1.22       458,641       1.73       1.73       3.89       46  

I

    8.69       0.41       (0.23     0.18       (0.49           (0.02     (0.51     8.36       2.29       1,316,224       0.71       0.71       4.90       46  

R3

    8.70       0.37       (0.23     0.14       (0.41           (0.01     (0.42     8.42       1.72       6,708       1.33       1.25       4.35       46  

R4

    8.67       0.39       (0.22     0.17       (0.46           (0.02     (0.48     8.36       2.04       2,807       1.05       1.00       4.66       46  

R5

    8.68       0.41       (0.23     0.18       (0.49           (0.02     (0.51     8.35       2.18       1,193       0.77       0.77       4.84       46  

Y

    8.67       0.42       (0.24     0.18       (0.50           (0.02     (0.52     8.33       2.25       63,586       0.71       0.71       4.93       46  

F

    8.70       0.41       (0.22     0.19       (0.51           (0.02     (0.53     8.36       2.32       398,085       0.64       0.64       4.83       46  

For the Year Ended October 31, 2018

 

A

  $   8.74     $   0.37     $   (0.08   $   0.29     $   (0.35   $   —     $   —     $   (0.35   $   8.68       3.41   $   909,677       0.99     0.99     4.21     55

C

    8.73       0.30       (0.07     0.23       (0.29                 (0.29     8.67       2.65       744,791       1.73       1.73       3.48       55  

I

    8.75       0.39       (0.07     0.32       (0.38                 (0.38     8.69       3.70       1,903,730       0.72       0.72       4.50       55  

R3

    8.76       0.35       (0.08     0.27       (0.33                 (0.33     8.70       3.15       8,479       1.37       1.25       3.95       55  

R4

    8.73       0.37       (0.08     0.29       (0.35                 (0.35     8.67       3.40       5,804       1.07       1.00       4.21       55  

R5

    8.74       0.39       (0.08     0.31       (0.37                 (0.37     8.68       3.67       1,897       0.77       0.74       4.45       55  

Y

    8.73       0.39       (0.07     0.32       (0.38                 (0.38     8.67       3.71       470,887       0.71       0.70       4.53       55  

F

    8.76       0.39       (0.07     0.32       (0.38                 (0.38     8.70       3.88       67,464       0.65       0.65       4.52       55  

For the Year Ended October 31, 2017

 

A

  $   8.58     $   0.32     $   0.16     $   0.48     $   (0.31   $   —     $   (0.01   $   (0.32   $   8.74       5.66   $   806,759       0.98     0.98     3.68     62

C

    8.57       0.26       0.15       0.41       (0.24           (0.01     (0.25     8.73       4.89       1,046,990       1.72       1.72       2.95       62  

I

    8.59       0.34       0.16       0.50       (0.33           (0.01     (0.34     8.75       5.95       1,817,213       0.71       0.71       3.94       62  

R3

    8.61       0.30       0.15       0.45       (0.29           (0.01     (0.30     8.76       5.25       9,993       1.37       1.25       3.41       62  

R4

    8.58       0.32       0.15       0.47       (0.31           (0.01     (0.32     8.73       5.52       6,359       1.06       1.00       3.65       62  

R5

    8.58       0.34       0.16       0.50       (0.33           (0.01     (0.34     8.74       5.96       2,200       0.80       0.70       3.96       62  

Y

    8.57       0.35       0.16       0.51       (0.34           (0.01     (0.35     8.73       5.99       374,594       0.67       0.67       3.98       62  

F(7)

    8.74       0.23       0.02       0.25       (0.22           (0.01     (0.23     8.76       2.78 (5)      48,407       0.65 (6)      0.65 (6)      3.95 (6)      62  

For the Year Ended October 31, 2016

 

A

  $   8.41     $   0.36     $   0.16     $   0.52     $   (0.35   $   —     $   —     $   (0.35   $   8.58       6.38   $   875,037       1.02     1.01 %(9)      4.40     40

B

    8.40       0.30       0.15       0.45       (0.28                 (0.28     8.57       5.59       3,696       1.90       1.76 (9)      3.66       40  

C

    8.40       0.30       0.16       0.46       (0.29                 (0.29     8.57       5.62       1,213,760       1.74       1.74 (9)      3.67       40  

I

    8.42       0.39       0.15       0.54       (0.37                 (0.37     8.59       6.67       1,466,928       0.74       0.74 (9)      4.66       40  

R3

    8.43       0.34       0.17       0.51       (0.33                 (0.33     8.61       6.24       10,618       1.38       1.26 (9)      4.15       40  

R4

    8.40       0.36       0.17       0.53       (0.35                 (0.35     8.58       6.51       8,781       1.07       1.01 (9)      4.39       40  

R5

    8.41       0.39       0.15       0.54       (0.37                 (0.37     8.58       6.70       1,941       0.80       0.71 (9)      4.69       40  

Y

    8.40       0.39       0.16       0.55       (0.38                 (0.38     8.57       6.76       318,753       0.66       0.66 (9)      4.73       40  

 

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

 

 

  212  

 


Hartford Fixed Income Funds

Financial Highlights – (continued)

 

 

 

    — Selected Per-Share Data(1)     — Ratios and Supplemental Data —  

Class

  Net Asset
Value at
Beginning
of Period
    Net
Investment
Income
(Loss)
    Net
Realized
and
Unrealized
Gain (Loss)
on
Investments
    Total from
Investment
Operations
    Dividends
from Net
Investment
Income
    Distributions
from
Capital
Gains
    Returns
of Capital
    Total
Dividends
and
Distributions
    Net
Asset
Value at
End of
Period
    Total
Return(2)
    Net
Assets at
End of
Period
(000s)
    Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3)(4)
    Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3)(4)
    Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets(4)
    Portfolio
Turnover
 
The Hartford Floating Rate High Income Fund  

For the Year Ended October 31, 2020

 

A

  $   9.64     $   0.37     $   (0.42   $   (0.05   $   (0.36   $   —     $   —     $   (0.36   $   9.23       (0.46 )%    $   64,414       1.15     1.05     3.95     120

C

    9.72       0.30       (0.42     (0.12     (0.29                 (0.29     9.31       (1.17     38,246       1.89       1.80       3.21       120  

I

    9.62       0.39       (0.45     (0.06     (0.38                 (0.38     9.18       (0.54     194,107       0.87       0.80       4.18       120  

R3

    9.66       0.34       (0.42     (0.08     (0.33                 (0.33     9.25       (0.75     128       1.50       1.35       3.68       120  

R4

    9.61       0.36       (0.40     (0.04     (0.36                 (0.36     9.21       (0.36     347       1.20       1.05       3.93       120  

R5

    9.58       0.39       (0.41     (0.02     (0.38                 (0.38     9.18       (0.08     10,605       0.90       0.75       4.23       120  

Y

    9.59       0.40       (0.42     (0.02     (0.38                 (0.38     9.19       (0.10     7,422       0.89       0.78       4.25       120  

F

    9.61       0.40       (0.42     (0.02     (0.39                 (0.39     9.20       (0.17     13,874       0.79       0.75       4.28       120  

For the Year Ended October 31, 2019

 

A

  $   10.01     $   0.46     $   (0.24   $ 0.22     $   (0.57   $   —     $   (0.02   $   (0.59   $   9.64       2.34   $   87,122       1.14     1.05     4.71     78

C

    10.01       0.39       (0.24     0.15       (0.42           (0.02     (0.44     9.72       1.60       56,859       1.88       1.80       3.97       78  

I

    10.02       0.48       (0.24     0.24       (0.61           (0.03     (0.64     9.62       2.63       220,436       0.87       0.80       4.97       78  

R3

    10.00       0.43       (0.23     0.20       (0.52           (0.02     (0.54     9.66       2.13       227       1.50       1.35       4.41       78  

R4

    9.99       0.46       (0.24     0.22       (0.58           (0.02     (0.60     9.61       2.33       346       1.20       1.05       4.76       78  

R5

    9.98       0.49       (0.24     0.25       (0.62           (0.03     (0.65     9.58       2.72       11,015       0.88       0.75       5.01       78  

Y

    9.99       0.48       (0.23     0.25       (0.62           (0.03     (0.65     9.59       2.71       14,773       0.86       0.77       4.98       78  

F

    10.01       0.49       (0.24     0.25       (0.62           (0.03     (0.65     9.61       2.73       21,903       0.78       0.75       5.04       78  

For the Year Ended October 31, 2018

 

A

  $   10.06     $   0.43     $   (0.07   $   0.36     $   (0.41   $   —     $   —     $   (0.41   $   10.01       3.62   $   119,920       1.14     1.05     4.29     84

C

    10.06       0.36       (0.08     0.28       (0.33                 (0.33     10.01       2.85       78,122       1.88       1.80       3.54       84  

I

    10.07       0.46       (0.08     0.38       (0.43                 (0.43     10.02       3.88       313,336       0.86       0.80       4.56       84  

R3

    10.05       0.40       (0.07     0.33       (0.38                 (0.38     10.00       3.31       267       1.50       1.35       4.00       84  

R4

    10.04       0.43       (0.07     0.36       (0.41                 (0.41     9.99       3.62       809       1.20       1.05       4.30       84  

R5

    10.03       0.47       (0.08     0.39       (0.44                 (0.44     9.98       3.93       12,192       0.89       0.75       4.65       84  

Y

    10.04       0.46       (0.07     0.39       (0.44                 (0.44     9.99       3.93       20,412       0.83       0.75       4.62       84  

F

    10.07       0.46       (0.08     0.38       (0.44                 (0.44     10.01       3.93       31,840       0.78       0.75       4.61       84  

For the Year Ended October 31, 2017

 

A

  $   9.82     $   0.40     $   0.22     $   0.62     $   (0.38   $   —     $   —     $   (0.38   $   10.06       6.38   $   145,099       1.10     1.05     3.97     77

C

    9.82       0.32       0.22       0.54       (0.30                 (0.30     10.06       5.59       89,003       1.86       1.80       3.23       77  

I

    9.83       0.42       0.22       0.64       (0.40                 (0.40     10.07       6.64       250,468       0.87       0.80       4.19       77  

R3

    9.81       0.37       0.22       0.59       (0.35                 (0.35     10.05       6.07       339       1.53       1.35       3.69       77  

R4

    9.80       0.39       0.23       0.62       (0.38                 (0.38     10.04       6.38       709       1.18       1.05       3.94       77  

R5

    9.80       0.42       0.22       0.64       (0.41                 (0.41     10.03       6.59       1,851       0.87       0.75       4.17       77  

Y

    9.80       0.43       0.22       0.65       (0.41                 (0.41     10.04       6.71       7,121       0.80       0.75       4.28       77  

F(7)

    10.03       0.29       0.01       0.30       (0.26                 (0.26     10.07       2.98 (5)      17,138       0.77 (6)      0.75 (6)      4.27 (6)      77  

For the Year Ended October 31, 2016

 

A

  $   9.59     $   0.51     $   0.20     $   0.71     $   (0.45   $   —     $   (0.03   $   (0.48   $   9.82       7.81   $   123,600       1.15     1.07 %(10)      5.43     75

C

    9.60       0.44       0.19       0.63       (0.39           (0.02     (0.41     9.82       6.90       83,318       1.91       1.82 (10)      4.70       75  

I

    9.60       0.53       0.21       0.74       (0.48           (0.03     (0.51     9.83       8.07       151,912       0.91       0.82 (10)      5.65       75  

R3

    9.58       0.49       0.20       0.69       (0.43           (0.03     (0.46     9.81       7.50       319       1.55       1.37 (10)      5.18       75  

R4

    9.58       0.51       0.20       0.71       (0.46           (0.03     (0.49     9.80       7.77       507       1.23       1.07 (10)      5.40       75  

R5

    9.57       0.53       0.31       0.84       (0.58           (0.03     (0.61     9.80       9.27       592       0.92       0.77 (10)      5.55       75  

Y

    9.57       0.54       0.20       0.74       (0.48           (0.03     (0.51     9.80       8.14       4,932       0.81       0.77 (10)      5.75       75  

 

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

 

 

  213  

 


Hartford Fixed Income Funds

Financial Highlights – (continued)

 

 

 

    — Selected Per-Share Data(1)     — Ratios and Supplemental Data —  

Class

  Net Asset
Value at
Beginning
of Period
    Net
Investment
Income
(Loss)
    Net
Realized
and
Unrealized
Gain (Loss)
on
Investments
    Total from
Investment
Operations
    Dividends
from Net
Investment
Income
    Distributions
from
Capital
Gains
    Returns
of Capital
    Total
Dividends
and
Distributions
    Net
Asset
Value at
End of
Period
    Total
Return(2)
    Net
Assets at
End of
Period
(000s)
    Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3)(4)
    Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3)(4)
    Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets(4)
    Portfolio
Turnover
 
The Hartford High Yield Fund  

For the Year Ended October 31, 2020

 

A

  $   7.36     $   0.33     $   (0.10   $   0.23     $   (0.32   $   —     $   —     $   (0.32   $   7.27       3.31   $   239,310       1.15     1.03     4.54     59

C

    7.33       0.27       (0.08     0.19       (0.27                 (0.27     7.25       2.68       26,125       1.86       1.78       3.81       59  

I

    7.38       0.35       (0.09     0.26       (0.34                 (0.34     7.30       3.74       20,666       0.82       0.77       4.80       59  

R3

    7.36       0.30       (0.08     0.22       (0.30                 (0.30     7.28       3.14       1,866       1.44       1.34       4.25       59  

R4

    7.37       0.33       (0.09     0.24       (0.32                 (0.32     7.29       3.45       997       1.14       1.04       4.54       59  

R5

    7.33       0.35       (0.07     0.28       (0.35                 (0.35     7.26       3.95       614       0.84       0.74       4.86       59  

Y

    7.30       0.35       (0.12     0.23       (0.33                 (0.33     7.20       3.35       849       0.83       0.77       4.84       59  

F

    7.37       0.35       (0.08     0.27       (0.36                 (0.36     7.28       3.78       71,863       0.72       0.67       4.90       59  

For the Year Ended October 31, 2019

 

A

  $   7.15     $   0.36     $   0.22     $   0.58     $   (0.37   $   —     $    —     $   (0.37   $   7.36       8.27   $   229,615       1.17     1.05     5.00     36

C

    7.12       0.31       0.21       0.52       (0.31                 (0.31     7.33       7.42       32,746       1.87       1.80       4.27       36  

I

    7.19       0.38       0.21       0.59       (0.40                 (0.40     7.38       8.55       20,575       0.83       0.79       5.25       36  

R3

    7.14       0.34       0.22       0.56       (0.34                 (0.34     7.36       8.03       1,501       1.46       1.35       4.72       36  

R4

    7.16       0.36       0.22       0.58       (0.37                 (0.37     7.37       8.26       1,009       1.16       1.05       5.02       36  

R5

    7.15       0.38       0.21       0.59       (0.41                 (0.41     7.33       8.50       793       0.85       0.75       5.29       36  

Y

    7.13       0.37       0.21       0.58       (0.41                 (0.41     7.30       8.42       11,647       0.83       0.78       5.09       36  

F

    7.18       0.39       0.22       0.61       (0.42                 (0.42     7.37       8.74       60,588       0.74       0.70       5.35       36  

For the Year Ended October 31, 2018

 

A

  $   7.49     $   0.36     $   (0.34   $   0.02     $   (0.36   $   —     $    —     $   (0.36   $   7.15       0.27   $   214,430       1.17     1.05     4.92     29

C

    7.47       0.31       (0.36     (0.05     (0.30                 (0.30     7.12       (0.63     38,727       1.87       1.80       4.17       29  

I

    7.54       0.38       (0.35     0.03       (0.38                 (0.38     7.19       0.44       18,652       0.83       0.78       5.19       29  

R3

    7.49       0.34       (0.35     (0.01     (0.34                 (0.34     7.14       (0.17     1,964       1.47       1.35       4.62       29  

R4

    7.51       0.36       (0.35     0.01       (0.36                 (0.36     7.16       0.15       1,144       1.17       1.05       4.92       29  

R5

    7.49       0.38       (0.34     0.04       (0.38                 (0.38     7.15       0.57       628       0.87       0.75       5.22       29  

Y

    7.48       0.39       (0.35     0.04       (0.39                 (0.39     7.13       0.48       867       0.81       0.70       5.27       29  

F

    7.53       0.39       (0.35     0.04       (0.39                 (0.39     7.18       0.51       52,810       0.75       0.70       5.27       29  

For the Year Ended October 31, 2017

 

A

  $   7.28     $   0.37     $   0.21     $   0.58     $   (0.36   $   —     $   (0.01   $   (0.37   $   7.49       8.16   $   224,824       1.17     1.05     5.04     49

C

    7.25       0.32       0.22       0.54       (0.31           (0.01     (0.32     7.47       7.52       57,139       1.85       1.80       4.29       49  

I

    7.31       0.39       0.23       0.62       (0.38           (0.01     (0.39     7.54       8.70       28,998       0.95       0.80       5.28       49  

R3

    7.27       0.35       0.22       0.57       (0.34           (0.01     (0.35     7.49       7.99       2,586       1.48       1.35       4.74       49  

R4

    7.28       0.37       0.23       0.60       (0.36           (0.01     (0.37     7.51       8.45       1,463       1.18       1.05       5.03       49  

R5

    7.27       0.39       0.22       0.61       (0.38           (0.01     (0.39     7.49       8.63       885       0.87       0.75       5.33       49  

Y

    7.26       0.40       0.22       0.62       (0.39           (0.01     (0.40     7.48       8.69       7,330       0.75       0.70       5.40       49  

F(7)

    7.48       0.27       0.05       0.32       (0.26           (0.01     (0.27     7.53       4.33 (5)      45,699       0.75 (6)      0.70 (6)      5.31 (6)      49  

For the Year Ended October 31, 2016

 

         

A

  $   7.14     $   0.35     $   0.14     $   0.49     $   (0.35   $   —     $    —     $   (0.35   $   7.28       7.10   $   247,549       1.23     1.07 %(11)      4.93     47

B

    7.10       0.29       0.13       0.42       (0.29                 (0.29     7.23       6.17       1,509       2.12       1.82 (11)      4.19       47  

C

    7.12       0.29       0.13       0.42       (0.29                 (0.29     7.25       6.16       61,297       1.88       1.82 (11)      4.18       47  

I

    7.18       0.36       0.14       0.50       (0.37                 (0.37     7.31       7.20       37,099       0.88       0.82 (11)      5.14       47  

R3

    7.14       0.33       0.13       0.46       (0.33                 (0.33     7.27       6.64       3,153       1.50       1.37 (11)      4.63       47  

R4

    7.15       0.35       0.12       0.47       (0.34                 (0.34     7.28       6.92       1,681       1.20       1.07 (11)      5.01       47  

R5

    7.14       0.37       0.13       0.50       (0.37                 (0.37     7.27       7.27       665       0.90       0.77 (11)      5.23       47  

Y

    7.13       0.37       0.13       0.50       (0.37                 (0.37     7.26       7.32       7,957       0.77       0.72 (11)      5.28       47  

 

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

 

 

  214  

 


Hartford Fixed Income Funds

Financial Highlights – (continued)

 

 

 

    — Selected Per-Share Data(1)     — Ratios and Supplemental Data —  

Class

  Net Asset
Value at
Beginning
of Period
    Net
Investment
Income
(Loss)
    Net
Realized
and
Unrealized
Gain (Loss)
on
Investments
    Total from
Investment
Operations
    Dividends
from Net
Investment
Income
    Distributions
from
Capital
Gains
    Returns
of Capital
    Total
Dividends
and
Distributions
    Net
Asset
Value at
End of
Period
    Total
Return(2)
    Net
Assets at
End of
Period
(000s)
    Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3)(4)
    Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3)(4)
    Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets(4)
    Portfolio
Turnover
 
The Hartford Inflation Plus Fund  

For the Year Ended October 31, 2020

 

A

  $   10.54     $   0.13     $   0.62     $   0.75     $   (0.18   $   —     $   —     $   (0.18   $   11.11       7.23   $   200,745       0.92     0.85     1.17     78 %(22) 

C

    10.11       0.03       0.62       0.65       (0.06                 (0.06     10.70       6.45       20,713       1.65       1.59       0.29       78 (22) 

I

    10.75       0.16       0.65       0.81       (0.21                 (0.21     11.35       7.64       54,119       0.60       0.57       1.49       78 (22) 

R3

    10.33       0.08       0.62       0.70       (0.14                 (0.14     10.89       6.89       35,410       1.21       1.18       0.81       78 (22) 

R4

    10.54       0.11       0.64       0.75       (0.17                 (0.17     11.12       7.24       5,663       0.92       0.89       1.07       78 (22) 

R5

    10.71       0.17       0.63       0.80       (0.21                 (0.21     11.30       7.56       1,650       0.61       0.58       1.57       78 (22) 

Y

    10.77       0.15       0.66       0.81       (0.21                 (0.21     11.37       7.64       30,813       0.60       0.57       1.38       78 (22) 

F

    10.75       0.16       0.64       0.80       (0.21                 (0.21     11.34       7.61       174,665       0.49       0.49       1.49       78 (22) 

For the Year Ended October 31, 2019

 

         

A

  $   10.34     $   0.18     $   0.40     $   0.58     $   (0.38   $   —     $   —     $   (0.38   $   10.54       5.81   $   185,301       0.99     0.85     1.71     77

C

    9.88       0.09       0.39       0.48       (0.25                 (0.25     10.11       5.00       34,060       1.70       1.60       0.87       77  

I

    10.53       0.21       0.41       0.62       (0.40                 (0.40     10.75       6.17       52,182       0.66       0.60       1.98       77  

R3

    10.13       0.14       0.40       0.54       (0.34                 (0.34     10.33       5.50       40,395       1.28       1.20       1.36       77  

R4

    10.33       0.18       0.40       0.58       (0.37                 (0.37     10.54       5.79       7,831       0.98       0.90       1.72       77  

R5

    10.50       0.20       0.41       0.61       (0.40                 (0.40     10.71       6.18       1,975       0.68       0.60       1.88       77  

Y

    10.56       0.21       0.41       0.62       (0.41                 (0.41     10.77       6.11       24,678       0.65       0.58       1.97       77  

F

    10.53       0.22       0.41       0.63       (0.41                 (0.41     10.75       6.22       157,921       0.56       0.55       2.05       77  

For the Year Ended October 31, 2018

 

         

A

  $   10.95     $   0.25     $   (0.37   $   (0.12   $   (0.49   $   —     $   —     $   (0.49   $   10.34       (1.19 )%    $   193,398       0.98     0.85     2.34     18

C

    10.47       0.16       (0.36     (0.20     (0.39                 (0.39     9.88       (1.95     60,373       1.69       1.60       1.61       18  

I

    11.15       0.27       (0.38     (0.11     (0.51                 (0.51     10.53       (0.99     51,586       0.67       0.60       2.57       18  

R3

    10.74       0.20       (0.36     (0.16     (0.45                 (0.45     10.13       (1.57     45,035       1.28       1.20       1.99       18  

R4

    10.94       0.24       (0.37     (0.13     (0.48                 (0.48     10.33       (1.28     9,723       0.98       0.90       2.32       18  

R5

    11.12       0.27       (0.37     (0.10     (0.52                 (0.52     10.50       (0.99     2,711       0.68       0.60       2.54       18  

Y

    11.18       0.28       (0.38     (0.10     (0.52                 (0.52     10.56       (0.93     28,512       0.62       0.55       2.64       18  

F

    11.16       0.28       (0.39     (0.11     (0.52                 (0.52     10.53       (1.03     151,498       0.56       0.55       2.61       18  

For the Year Ended October 31, 2017

 

         

A

  $   11.05     $   0.15     $   (0.12   $   0.03     $   (0.13   $   —     $   —     $   (0.13   $   10.95       0.27   $   203,962       0.95     0.85     1.39     72

C

    10.56       0.07       (0.12     (0.05     (0.04                 (0.04     10.47       (0.46     110,182       1.67       1.60       0.65       72  

I

    11.25       0.18       (0.12     0.06       (0.16                 (0.16     11.15       0.53       57,101       0.74       0.60       1.66       72  

R3

    10.84       0.11       (0.12     (0.01     (0.09                 (0.09     10.74       (0.07     48,953       1.27       1.20       1.05       72  

R4

    11.04       0.15       (0.13     0.02       (0.12                 (0.12     10.94       0.22       11,278       0.97       0.90       1.33       72  

R5

    11.22       0.18       (0.12     0.06       (0.16                 (0.16     11.12       0.54       2,924       0.69       0.60       1.67       72  

Y

    11.28       0.19       (0.13     0.06       (0.16                 (0.16     11.18       0.59       31,947       0.57       0.55       1.75       72  

F(7)

    11.08       0.12       (0.04     0.08                               11.16       0.72 (5)      119,654       0.55 (6)      0.55 (6)      1.65 (6)      72  

For the Year Ended October 31, 2016

 

         

A

  $   10.57     $   0.09     $   0.39     $   0.48     $   —     $   —     $   —     $   —     $   11.05       4.54   $   229,329       0.98     0.87 %(12)      0.87     70

B

    10.18       (0.01     0.40       0.39                               10.57       3.83       5,154       1.83       1.62 (12)      (0.07     70  

C

    10.17       0.01       0.38       0.39                               10.56       3.83       146,289       1.69       1.62 (12)      0.10       70  

I

    10.73       0.13       0.39       0.52                               11.25       4.85       62,726       0.76       0.62 (12)      1.16       70  

R3

    10.40       0.06       0.38       0.44                               10.84       4.23       56,150       1.28       1.22 (12)      0.53       70  

R4

    10.56       0.08       0.40       0.48                               11.04       4.55       15,684       0.98       0.92 (12)      0.79       70  

R5

    10.71       0.11       0.40       0.51                               11.22       4.76       2,392       0.70       0.62 (12)      1.03       70  

Y

    10.75       0.11       0.42       0.53                               11.28       4.93       101,942       0.57       0.57 (12)      0.99       70  

 

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

 

 

  215  

 


Hartford Fixed Income Funds

Financial Highlights – (continued)

 

 

 

    — Selected Per-Share Data(1)     — Ratios and Supplemental Data —  

Class

  Net Asset
Value at
Beginning
of Period
    Net
Investment
Income
(Loss)
    Net
Realized
and
Unrealized
Gain (Loss)
on
Investments
    Total from
Investment
Operations
    Dividends
from Net
Investment
Income
    Distributions
from
Capital
Gains
    Returns
of Capital
    Total
Dividends
and
Distributions
    Net
Asset
Value at
End of
Period
    Total
Return(2)
    Net
Assets at
End of
Period
(000s)
    Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3)(4)
    Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3)(4)
    Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets(4)
    Portfolio
Turnover
 
Hartford Municipal Income Fund  

For the Year Ended October 31, 2020

 

A

  $   10.78     $   0.20     $   0.12     $   0.32     $   (0.20   $   (0.07   $   —     $   (0.27   $   10.83       3.00   $   37,551       0.88     0.69     1.84     16

C

    10.79       0.12       0.10       0.22       (0.12     (0.07           (0.19     10.82       2.05       4,642       1.69       1.44       1.09       16  

I

    10.75       0.21       0.12       0.33       (0.22     (0.07           (0.29     10.79       3.14       26,866       0.68       0.46       2.00       16  

F

    10.75       0.22       0.13       0.35       (0.23     (0.07           (0.30     10.80       3.30       14,292       0.57       0.39       2.04       16  

For the Year Ended October 31, 2019

 

A

  $   10.04     $   0.26     $   0.74     $   1.00     $   (0.26   $   —     $   —     $   (0.26   $   10.78       10.05   $   22,713       0.99     0.67     2.45     47

C

    10.04       0.24       0.74       0.98       (0.23                 (0.23     10.79       9.85       2,714       1.74       0.88       2.27       47  

I

    10.04       0.28       0.74       1.02       (0.31                 (0.31     10.75       10.30       7,227       0.74       0.44       2.69       47  

F

    10.03       0.29       0.74       1.03       (0.31                 (0.31     10.75       10.38       3,584       0.69       0.39       2.71       47  

For the Year Ended October 31, 2018

 

A

  $   10.32     $   0.24     $   (0.28   $   (0.04   $   (0.24   $   —     $   —     $   (0.24   $   10.04       (0.36 )%    $   15,155       1.09     0.65     2.39     15

C

    10.32       0.24       (0.28     (0.04     (0.24                 (0.24     10.04       (0.38     3,488       1.82       0.67       2.37       15  

I

    10.32       0.27       (0.28     (0.01     (0.27                 (0.27     10.04       (0.11     6,320       0.80       0.40       2.64       15  

F

    10.32       0.27       (0.29     (0.02     (0.27                 (0.27     10.03       (0.20     1,673       0.78       0.39       2.65       15  

For the Year Ended October 31, 2017

 

A

  $   10.34     $   0.22     $   (0.02   $   0.20     $   (0.22   $   —     $   —     $   (0.22   $   10.32       2.03   $   12,913       1.10     0.69     2.21     10

C

    10.34       0.21       (0.02     0.19       (0.21                 (0.21     10.32       1.87       3,317       1.81       0.84       2.06       10  

I

    10.34       0.25       (0.02     0.23       (0.25                 (0.25     10.32       2.29       5,917       0.81       0.44       2.46       10  

F(7)

    10.04       0.17       0.28       0.45       (0.17                 (0.17     10.32       4.52 (5)      1,127       0.80 (6)      0.39 (6)      2.48 (6)      10  

For the Year Ended October 31, 2016

 

A

  $   10.09     $   0.21     $   0.25     $   0.46     $   (0.21   $   —     $   —     $   (0.21   $   10.34       4.62   $   9,933       1.70     0.70 %(13)      2.06     13

C

    10.09       0.14       0.25       0.39       (0.14                 (0.14     10.34       3.86       3,034       2.39       1.45 (13)      1.33       13  

I

    10.09       0.24       0.25       0.49       (0.24                 (0.24     10.34       4.89       6,140       1.39       0.45 (13)      2.33       13  
The Hartford Municipal Opportunities Fund  

For the Year Ended October 31, 2020

 

A

  $   8.88     $   0.18     $   0.05     $   0.23     $   (0.18   $    —     $   —     $   (0.18   $   8.93       2.63   $   437,341       0.68     0.68     2.03     26

C

    8.89       0.11       0.05       0.16       (0.11                 (0.11     8.94       1.86       59,074       1.43       1.43       1.28       26  

I

    8.88       0.20       0.06       0.26       (0.20                 (0.20     8.94       2.99       724,260       0.44       0.44       2.26       26  

Y

    8.88       0.20       0.05       0.25       (0.20                 (0.20     8.93       2.86       15,559       0.45       0.45       2.25       26  

F

    8.87       0.21       0.05       0.26       (0.21                 (0.21     8.92       2.95       231,121       0.37       0.37       2.32       26  

For the Year Ended October 31, 2019

 

A

  $   8.37     $   0.22     $   0.51     $   0.73     $   (0.22   $   —     $   —     $   (0.22   $   8.88       8.79   $   394,518       0.69     0.69     2.49     15

C

    8.37       0.15       0.52       0.67       (0.15                 (0.15     8.89       8.08       66,792       1.44       1.44       1.75       15  

I

    8.38       0.24       0.52       0.76       (0.26                 (0.26     8.88       9.15       516,299       0.44       0.44       2.72       15  

Y

    8.38       0.24       0.52       0.76       (0.26                 (0.26     8.88       9.17       14,391       0.45       0.45       2.74       15  

F

    8.38       0.24       0.51       0.75       (0.26                 (0.26     8.87       9.15       98,172       0.37       0.37       2.76       15  

For the Year Ended October 31, 2018

 

A

  $   8.60     $   0.22     $   (0.23   $   (0.01   $   (0.22   $   —     $   —     $   (0.22   $   8.37       (0.11 )%    $   325,322       0.70     0.69     2.60     23

C

    8.60       0.16       (0.23     (0.07     (0.16                 (0.16     8.37       (0.86     77,408       1.46       1.44       1.85       23  

I

    8.61       0.24       (0.23     0.01       (0.24                 (0.24     8.38       0.14       325,853       0.45       0.44       2.85       23  

Y(14)

    8.52       0.10       (0.14     (0.04     (0.10                 (0.10     8.38       (0.46 )(5)      14,574       0.44 (6)      0.44 (6)      2.87 (6)      23  

F

    8.61       0.25       (0.23     0.02       (0.25                 (0.25     8.38       0.20       43,617       0.38       0.38       2.90       23  

For the Year Ended October 31, 2017

 

A

  $   8.69     $   0.22     $   (0.09   $   0.13     $   (0.22   $   —     $   —     $   (0.22   $   8.60       1.50   $   251,143       0.68     0.68     2.53     23

C

    8.69       0.15       (0.09     0.06       (0.15                 (0.15     8.60       0.73       100,507       1.44       1.44       1.77       23  

I

    8.71       0.24       (0.10     0.14       (0.24                 (0.24     8.61       1.63       302,855       0.44       0.44       2.77       23  

F(7)

    8.46       0.16       0.15       0.31       (0.16                 (0.16     8.61       3.69 (5)      25,280       0.39 (6)      0.39 (6)      2.77 (6)      23  

 

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

 

 

  216  

 


Hartford Fixed Income Funds

Financial Highlights – (continued)

 

 

 

    — Selected Per-Share Data(1)     — Ratios and Supplemental Data —  

Class

  Net Asset
Value at
Beginning
of Period
    Net
Investment
Income
(Loss)
    Net
Realized
and
Unrealized
Gain (Loss)
on
Investments
    Total from
Investment
Operations
    Dividends
from Net
Investment
Income
    Distributions
from
Capital
Gains
    Returns
of Capital
    Total
Dividends
and
Distributions
    Net
Asset
Value at
End of
Period
    Total
Return(2)
    Net
Assets at
End of
Period
(000s)
    Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3)(4)
    Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3)(4)
    Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets(4)
    Portfolio
Turnover
 
The Hartford Municipal Opportunities Fund – (continued)  

For the Year Ended October 31, 2016

 

A

  $   8.53     $   0.21     $   0.16     $   0.37     $   (0.21   $   —     $   —     $   (0.21   $   8.69       4.40   $   283,275       0.70     0.70 %(15)      2.44     22

B

    8.53       0.15       0.15       0.30       (0.15                 (0.15     8.68       3.50       964       1.51       1.45 (15)      1.74       22  

C

    8.54       0.15       0.15       0.30       (0.15                 (0.15     8.69       3.50       127,960       1.46       1.45 (15)      1.69       22  

I

    8.55       0.23       0.17       0.40       (0.24                 (0.24     8.71       4.66       337,900       0.46       0.45 (15)      2.68       22  
Hartford Municipal Short Duration Fund  

For the Year Ended October 31, 2020

 

A

  $   10.16     $   0.16     $   0.03     $   0.19     $   (0.16   $   (0.03   $   —     $   (0.19   $   10.16       1.88   $   18,359       1.10     0.69     1.62     26

C

    10.15       0.09       0.04       0.13       (0.09     (0.03           (0.12     10.16       1.23       1,483       1.94       1.44       0.87       26  

I

    10.15       0.18       0.04       0.22       (0.19     (0.03           (0.22     10.15       2.12       3,879       0.88       0.46       1.83       26  

F

    10.16       0.19       0.03       0.22       (0.19     (0.03           (0.22     10.16       2.19       2,164       0.80       0.39       1.91       26  

For the Year Ended October 31, 2019

 

A

  $   9.88     $   0.18     $   0.28     $   0.46     $   (0.18   $   —     $   —     $   (0.18   $   10.16       4.66   $   16,141       1.09     0.66     1.77     73

C

    9.87       0.17       0.27       0.44       (0.16                 (0.16     10.15       4.54       1,362       1.82       0.76       1.66       73  

I

    9.88       0.20       0.28       0.48       (0.21                 (0.21     10.15       4.92       2,212       0.80       0.41       2.01       73  

F

    9.88       0.20       0.28       0.48       (0.20                 (0.20     10.16       4.94       1,700       0.79       0.39       2.03       73  

For the Year Ended October 31, 2018

 

A

  $   10.04     $   0.16     $   (0.16   $     $   (0.16   $   —     $   —     $   (0.16   $ 9.88       (0.03 )%    $ 8,984       1.20     0.61     1.58     24

C

    10.04       0.15       (0.17       (0.02     (0.15                 (0.15     9.87       (0.24     3,157       1.94       0.73       1.46       24  

I

    10.05       0.18       (0.17     0.01       (0.18                 (0.18     9.88       0.08       6,789       0.92       0.41       1.78       24  

F

    10.05       0.18       (0.17     0.01       (0.18                 (0.18     9.88       0.09       979       0.90       0.39       1.80       24  

For the Year Ended October 31, 2017

 

A

  $   10.08     $   0.12     $   (0.04   $   0.08     $   (0.12   $   —     $   —     $   (0.12   $   10.04       0.81   $   8,363       1.15     0.67     1.21     20

C

    10.08       0.09       (0.04     0.05       (0.09                 (0.09     10.04       0.54       3,614       1.88       0.95       0.92       20  

I

    10.08       0.14       (0.03     0.11       (0.14                 (0.14     10.05       1.15       7,246       0.87       0.44       1.44       20  

F(7)

    9.96       0.10       0.09       0.19       (0.10                 (0.10     10.05       1.91 (5)      509       0.87 (6)      0.39 (6)      1.53 (6)      20  

For the Year Ended October 31, 2016

 

A

  $   10.06     $   0.10     $   0.02     $   0.12     $   (0.10   $   —     $   —     $   (0.10   $   10.08       1.15   $   8,383       1.55     0.70 %(13)      0.95     12

C

    10.05       0.02       0.03       0.05       (0.02                 (0.02     10.08       0.50       4,067       2.29       1.45 (13)      0.20       12  

I

    10.06       0.12       0.02       0.14       (0.12                 (0.12     10.08       1.40       5,915       1.27       0.45 (13)      1.20       12  
The Hartford Short Duration Fund  

For the Year Ended October 31, 2020

 

A

  $   9.92     $   0.22     $   0.08     $   0.30     $   (0.22   $   —     $   —     $   (0.22   $   10.00       3.07   $   847,571       0.84     0.80     2.21     38 %(23) 

C

    9.92       0.15       0.08       0.23       (0.15                 (0.15     10.00       2.31       90,816       1.55       1.55       1.49       38 (23) 

I

    9.92       0.25       0.07       0.32       (0.26                 (0.26     9.98       3.27       452,754       0.53       0.53       2.50       38 (23) 

R3

    9.90       0.19       0.07       0.26       (0.18                 (0.18     9.98       2.71       2,376       1.15       1.15       1.88       38 (23) 

R4

    9.91       0.23       0.08       0.31       (0.23                 (0.23     9.99       3.15       4,777       0.78       0.78       2.29       38 (23) 

R5

    9.89       0.24       0.08       0.32       (0.25                 (0.25     9.96       3.31       2,140       0.56       0.56       2.45       38 (23) 

R6

    9.87       0.25       0.08       0.33       (0.27                 (0.27     9.93       3.40       13       0.45       0.45       2.57       38 (23) 

Y

    9.87       0.25       0.07       0.32       (0.25                 (0.25     9.94       3.33       6,999       0.55       0.55       2.53       38 (23) 

F

    9.91       0.25       0.09       0.34       (0.27                 (0.27     9.98       3.52       255,190       0.44       0.44       2.58       38 (23) 

For the Year Ended October 31, 2019

 

A

  $   9.70     $   0.26     $   0.22     $   0.48     $   (0.26   $   —     $   —     $   (0.26   $   9.92       5.05   $   653,304       0.84     0.81     2.67     30

C

    9.69       0.19       0.23       0.42       (0.19                 (0.19     9.92       4.34       80,498       1.55       1.55       1.93       30  

I

    9.71       0.29       0.24       0.53       (0.32                 (0.32     9.92       5.52       404,974       0.52       0.52       2.95       30  

R3

    9.67       0.23       0.23       0.46       (0.23                 (0.23     9.90       4.78       1,676       1.16       1.15       2.31       30  

R4

    9.68       0.26       0.23       0.49       (0.26                 (0.26     9.91       5.16       7,764       0.74       0.74       2.66       30  

R5

    9.69       0.29       0.22       0.51       (0.31                 (0.31     9.89       5.37       1,412       0.56       0.55       2.93       30  

R6(16)

    9.70       0.20       0.17       0.37       (0.20                 (0.20     9.87       3.85       11       0.45       0.45       2.99       30  

Y

    9.67       0.29       0.23       0.52       (0.32                 (0.32     9.87       5.43       11,831       0.52       0.52       2.97       30  

F

    9.72       0.30       0.22       0.52       (0.33                 (0.33     9.91       5.44       228,084       0.44       0.44       3.03       30  

 

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

 

 

  217  

 


Hartford Fixed Income Funds

Financial Highlights – (continued)

 

 

 

    — Selected Per-Share Data(1)     — Ratios and Supplemental Data —  

Class

  Net Asset
Value at
Beginning
of Period
    Net
Investment
Income
(Loss)
    Net
Realized
and
Unrealized
Gain (Loss)
on
Investments
    Total from
Investment
Operations
    Dividends
from Net
Investment
Income
    Distributions
from
Capital
Gains
    Returns
of Capital
    Total
Dividends
and
Distributions
    Net
Asset
Value at
End of
Period
    Total
Return(2)
    Net
Assets at
End of
Period
(000s)
    Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3)(4)
    Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3)(4)
    Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets(4)
    Portfolio
Turnover
 
The Hartford Short Duration Fund – (continued)  

For the Year Ended October 31, 2018

 

A

  $   9.87     $   0.23     $   (0.17   $   0.06     $   (0.23   $   —     $   —     $   (0.23   $   9.70       0.66   $   516,715       0.91     0.85     2.39     29

C

    9.87       0.16       (0.18     (0.02     (0.16                 (0.16     9.69       (0.19     71,192       1.61       1.60       1.63       29  

I

    9.89       0.26       (0.18     0.08       (0.26                 (0.26     9.71       0.85       227,412       0.56       0.56       2.68       29  

R3

    9.84       0.22       (0.17     0.05       (0.22                 (0.22     9.67       0.52       960       1.21       0.99       2.25       29  

R4

    9.85       0.23       (0.17     0.06       (0.23                 (0.23     9.68       0.66       645       0.91       0.85       2.39       29  

R5

    9.86       0.26       (0.17     0.09       (0.26                 (0.26     9.69       0.96       1,125       0.61       0.55       2.71       29  

Y

    9.84       0.27       (0.18     0.09       (0.26                 (0.26     9.67       0.97       14,983       0.54       0.54       2.73       29  

F

    9.89       0.27       (0.17     0.10       (0.27                 (0.27     9.72       1.02       173,198       0.49       0.49       2.76       29  

For the Year Ended October 31, 2017

 

A

  $   9.88     $   0.20     $   (0.01   $   0.19     $   (0.20   $   —     $   —     $   (0.20   $   9.87       1.94   $   523,916       0.86     0.84     2.02     42

C

    9.88       0.13       (0.01     0.12       (0.13                 (0.13     9.87       1.20       103,013       1.58       1.57       1.29       42  

I

    9.90       0.23       (0.01     0.22       (0.23                 (0.23     9.89       2.21       185,948       0.58       0.58       2.29       42  

R3

    9.86       0.17       (0.02     0.15       (0.17                 (0.17     9.84       1.58       1,175       1.22       1.09       1.77       42  

R4

    9.87       0.20       (0.02     0.18       (0.20                 (0.20     9.85       1.83       626       0.92       0.85       2.01       42  

R5

    9.86       0.23             0.23       (0.23                 (0.23     9.86       2.33       807       0.60       0.55       2.33       42  

Y

    9.86       0.23       (0.02     0.21       (0.23                 (0.23     9.84       2.17       5,549       0.50       0.50       2.32       42  

F(7)

    9.88       0.16       0.01       0.17       (0.16                 (0.16     9.89       1.73 (5)      103,896       0.49 (6)      0.49 (6)      2.45 (6)      42  

For the Year Ended October 31, 2016

 

A

  $   9.80     $   0.17     $   0.08     $   0.25     $   (0.17   $   —     $   —     $   (0.17   $   9.88       2.56   $   530,178       0.90     0.86 %(17)      1.69     41

B

    9.85       0.16       0.10       0.26       (0.17                 (0.17     9.94       2.66       2,393       1.04       0.86 (17)      1.67       41  

C

    9.80       0.09       0.09       0.18       (0.10                 (0.10     9.88       1.80       125,548       1.61       1.61 (17)      0.94       41  

I

    9.82       0.19       0.09       0.28       (0.20                 (0.20     9.90       2.86       189,645       0.57       0.57 (17)      1.98       41  

R3

    9.78       0.14       0.08       0.22       (0.14                 (0.14     9.86       2.26       1,167       1.24       1.16 (17)      1.38       41  

R4

    9.79       0.17       0.08       0.25       (0.17                 (0.17     9.87       2.56       661       0.94       0.86 (17)      1.68       41  

R5

    9.78       0.20       0.08       0.28       (0.20                 (0.20     9.86       2.87       209       0.63       0.56 (17)      2.02       41  

Y

    9.78       0.20       0.08       0.28       (0.20                 (0.20     9.86       2.92       45,768       0.51       0.51 (17)      2.05       41  
The Hartford Strategic Income Fund  

For the Year Ended October 31, 2020

 

A

  $   8.64     $   0.28     $   0.41     $   0.69     $   (0.31   $   —     $   —     $   (0.31   $   9.02       8.21   $   279,447       0.97     0.95     3.21     69 %(24) 

C

    8.69       0.22       0.41       0.63       (0.24                 (0.24     9.08       7.40       72,030       1.69       1.69       2.47       69 (24) 

I

    8.67       0.30       0.41       0.71       (0.34                 (0.34     9.04       8.41       930,484       0.67       0.67       3.44       69 (24) 

R3

    8.63       0.25       0.40       0.65       (0.28                 (0.28     9.00       7.77       1,502       1.29       1.25       2.87       69 (24) 

R4

    8.64       0.27       0.41       0.68       (0.31                 (0.31     9.01       8.12       4,348       1.00       0.95       2.96       69 (24) 

R5

    8.63       0.30       0.41       0.71       (0.34                 (0.34     9.00       8.46       15,336       0.69       0.65       3.48       69 (24) 

R6

    8.63       0.30       0.43       0.73       (0.35                 (0.35     9.01       8.65       10,360       0.59       0.59       3.45       69 (24) 

Y

    8.63       0.30       0.40       0.70       (0.34                 (0.34     8.99       8.36       95,044       0.64       0.64       3.40       69 (24) 

F

    8.67       0.31       0.40       0.72       (0.35                 (0.35     9.04       8.49       274,532       0.59       0.59       3.58       69 (24) 

For the Year Ended October 31, 2019

 

A

  $   8.41     $   0.32     $   0.44     $   0.76     $   (0.53   $   —     $   —     $   (0.53   $   8.64       9.42   $   193,608       1.03     0.95     3.80     74

C

    8.45       0.26       0.44       0.70       (0.46                 (0.46     8.69       8.59       50,793       1.75       1.70       3.05       74  

I

    8.43       0.34       0.45       0.79       (0.55                 (0.55     8.67       9.82       264,537       0.73       0.70       4.04       74  

R3

    8.39       0.30       0.44       0.74       (0.50                 (0.50     8.63       9.22       634       1.34       1.25       3.50       74  

R4

    8.40       0.32       0.45       0.77       (0.53                 (0.53     8.64       9.54       209       1.05       0.95       3.80       74  

R5

    8.40       0.35       0.43       0.78       (0.55                 (0.55     8.63       9.78       8,280       0.74       0.65       4.09       74  

R6

    8.40       0.35       0.44       0.79       (0.56                 (0.56     8.63       9.84       1,673       0.63       0.60       4.12       74  

Y

    8.39       0.35       0.44       0.79       (0.55                 (0.55     8.63       9.91       4,824       0.71       0.66       4.09       74  

F

    8.43       0.35       0.45       0.80       (0.56                 (0.56     8.67       9.93       168,465       0.63       0.60       4.15       74  

 

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

 

 

  218  

 


Hartford Fixed Income Funds

Financial Highlights – (continued)

 

 

 

    — Selected Per-Share Data(1)     — Ratios and Supplemental Data —  

Class

  Net Asset
Value at
Beginning
of Period
    Net
Investment
Income
(Loss)
    Net
Realized
and
Unrealized
Gain (Loss)
on
Investments
    Total from
Investment
Operations
    Dividends
from Net
Investment
Income
    Distributions
from
Capital
Gains
    Returns
of Capital
    Total
Dividends
and
Distributions
    Net
Asset
Value at
End of
Period
    Total
Return(2)
    Net
Assets at
End of
Period
(000s)
    Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3)(4)
    Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3)(4)
    Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets(4)
    Portfolio
Turnover
 
The Hartford Strategic Income Fund – (continued)  

For the Year Ended October 31, 2018

 

A

  $   9.00     $   0.33     $   (0.40   $   (0.07   $   (0.52   $   —     $   —     $   (0.52   $   8.41       (0.77 )%    $   164,749       1.05     0.95     3.78     63

C

    9.03       0.26       (0.39     (0.13     (0.45                 (0.45     8.45       (1.49     48,099       1.78       1.70       3.03       63  

I

    9.03       0.35       (0.40     (0.05     (0.55                 (0.55     8.43       (0.63     88,704       0.77       0.70       4.03       63  

R3

    8.98       0.30       (0.39     (0.09     (0.50                 (0.50     8.39       (1.10     306       1.37       1.25       3.48       63  

R4

    8.99       0.33       (0.40     (0.07     (0.52                 (0.52     8.40       (0.79     560       1.08       0.95       3.78       63  

R5

    8.99       0.35       (0.39     (0.04     (0.55                 (0.55     8.40       (0.46     4,446       0.78       0.65       4.12       63  

R6

    8.99       0.36       (0.39     (0.03     (0.56                 (0.56     8.40       (0.41     150       0.66       0.60       4.15       63  

Y

    8.99       0.36       (0.40     (0.04     (0.56                 (0.56     8.39       (0.49     2,513       0.72       0.60       4.14       63  

F

    9.02       0.36       (0.39     (0.03     (0.56                 (0.56     8.43       (0.41     153,833       0.66       0.60       4.13       63  

For the Year Ended October 31, 2017

 

A

  $   8.76     $   0.36     $   0.26     $   0.62     $   (0.38   $   —     $   —     $   (0.38   $   9.00       7.26   $   161,969       1.03     0.95     4.02     82

C

    8.79       0.29       0.26       0.55       (0.31                 (0.31     9.03       6.38       74,017       1.74       1.70       3.29       82  

I

    8.79       0.37       0.27       0.64       (0.40                 (0.40     9.03       7.51       83,345       0.76       0.70       4.11       82  

R3

    8.75       0.33       0.25       0.58       (0.35                 (0.35     8.98       6.83       329       1.45       1.25       3.70       82  

R4

    8.76       0.35       0.26       0.61       (0.38                 (0.38     8.99       7.13       748       1.08       0.95       4.00       82  

R5

    8.76       0.38       0.26       0.64       (0.41                 (0.41     8.99       7.48       1,467       0.75       0.65       4.25       82  

R6

    8.75       0.39       0.26       0.65       (0.41                 (0.41     8.99       7.66       11       0.70       0.60       4.41       82  

Y

    8.75       0.42       0.23       0.65       (0.41                 (0.41     8.99       7.67       657       0.64       0.60       4.79       82  

F(7)

    8.79       0.25       0.20       0.45       (0.22                 (0.22     9.02       5.21 (5)      180,163       0.64 (6)      0.60 (6)      4.08 (6)      82  

For the Year Ended October 31, 2016

 

A

  $   8.53     $   0.39     $   0.19     $   0.58     $   (0.35   $   —     $   —     $   (0.35   $   8.76       7.02   $   120,051       1.05     0.96 %(18)      4.54     55

B

    8.53       0.37       0.21       0.58       (0.33                 (0.33     8.78       6.98       2,205       1.27       1.11 (18)      4.37       55  

C

    8.55       0.32       0.20       0.52       (0.28                 (0.28     8.79       6.27       74,607       1.75       1.71 (18)      3.78       55  

I

    8.55       0.41       0.21       0.62       (0.38                 (0.38     8.79       7.29       31,317       0.75       0.71 (18)      4.79       55  

R3

    8.51       0.36       0.20       0.56       (0.32                 (0.32     8.75       6.81       267       1.42       1.26 (18)      4.23       55  

R4

    8.52       0.39       0.20       0.59       (0.35                 (0.35     8.76       7.15       224       1.08       0.96 (18)      4.55       55  

R5

    8.52       0.42       0.20       0.62       (0.38                 (0.38     8.76       7.49       413       0.76       0.66 (18)      4.87       55  

R6

    8.52       0.42       0.19       0.61       (0.38                 (0.38     8.75       7.43       11       0.65       0.61 (18)      4.88       55  

Y

    8.52       0.42       0.19       0.61       (0.38                 (0.38     8.75       7.43       164,098       0.65       0.61 (18)      4.89       55  
The Hartford Total Return Bond Fund  

For the Year Ended October 31, 2020

 

A

  $   10.66     $   0.24     $   0.49     $   0.73     $   (0.26   $   —     $   —     $   (0.26   $   11.13       6.88   $   1,202,398       0.71     0.71     2.17     50 %(25) 

C

    10.77       0.15       0.51       0.66       (0.17                 (0.17     11.26       6.13       32,105       1.51       1.51       1.37       50 (25) 

I

    10.65       0.26       0.51       0.77       (0.32                 (0.32     11.10       7.35       299,511       0.41       0.41       2.43       50 (25) 

R3

    10.95       0.21       0.50       0.71       (0.22                 (0.22     11.44       6.55       5,075       1.06       1.04       1.84       50 (25) 

R4

    10.85       0.24       0.50       0.74       (0.25                 (0.25     11.34       6.90       13,365       0.76       0.76       2.12       50 (25) 

R5

    10.81       0.27       0.50       0.77       (0.31                 (0.31     11.27       7.20       2,651       0.46       0.46       2.40       50 (25) 

R6

    10.74       0.28       0.50       0.78       (0.33                 (0.33     11.19       7.41       63,656       0.34       0.34       2.53       50 (25) 

Y

    10.76       0.27       0.50       0.77       (0.32                 (0.32     11.21       7.27       410,349       0.40       0.40       2.49       50 (25) 

F

    10.59       0.27       0.50       0.77       (0.33                 (0.33     11.03       7.38       962,471       0.34       0.34       2.53       50 (25) 

For the Year Ended October 31, 2019

 

A

  $   9.92     $   0.30     $   0.79     $   1.09     $   (0.35   $   —     $   —     $   (0.35   $   10.66       11.24   $   940,594       0.74     0.74     2.90     71

C

    9.97       0.22       0.80       1.02       (0.22                 (0.22     10.77       10.37       27,334       1.54       1.54       2.12       71  

I

    9.95       0.33       0.79       1.12       (0.42                 (0.42     10.65       11.49       108,633       0.42       0.42       3.19       71  

R3

    10.14       0.27       0.82       1.09       (0.28                 (0.28     10.95       10.93       4,769       1.08       1.07       2.58       71  

R4

    10.09       0.30       0.81       1.11       (0.35                 (0.35     10.85       11.20       11,476       0.77       0.76       2.89       71  

R5

    10.06       0.33       0.83       1.16       (0.41                 (0.41     10.81       11.80       1,049       0.48       0.48       3.22       71  

R6

    10.03       0.32       0.82       1.14       (0.43                 (0.43     10.74       11.67       40,368       0.35       0.34       3.04       71  

Y

    10.04       0.34       0.81       1.15       (0.43                 (0.43     10.76       11.68       488,228       0.41       0.40       3.25       71  

F

    9.90       0.34       0.78       1.12       (0.43                 (0.43     10.59       11.58       562,418       0.36       0.36       3.29       71  

 

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

 

 

  219  

 


Hartford Fixed Income Funds

Financial Highlights – (continued)

 

 

 

    — Selected Per-Share Data(1)     — Ratios and Supplemental Data —  

Class

  Net Asset
Value at
Beginning
of Period
    Net
Investment
Income
(Loss)
    Net
Realized
and
Unrealized
Gain (Loss)
on
Investments
    Total from
Investment
Operations
    Dividends
from Net
Investment
Income
    Distributions
from
Capital
Gains
    Returns
of Capital
    Total
Dividends
and
Distributions
    Net
Asset
Value at
End of
Period
    Total
Return(2)
    Net
Assets at
End of
Period
(000s)
    Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3)(4)
    Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3)(4)
    Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets(4)
    Portfolio
Turnover
 
The Hartford Total Return Bond Fund – (continued)  

For the Year Ended October 31, 2018

 

A

  $   10.44     $   0.28     $   (0.48   $   (0.20   $   (0.32   $   —     $   —     $   (0.32   $   9.92       (1.95 )%    $   774,821       0.82     0.82     2.72     74

C

    10.46       0.20       (0.49     (0.29     (0.20                 (0.20     9.97       (2.79     30,760       1.61       1.60       1.93       74  

I

    10.45       0.31       (0.48     (0.17     (0.33                 (0.33     9.95       (1.68     51,131       0.51       0.51       3.03       74  

R3

    10.64       0.25       (0.50     (0.25     (0.25                 (0.25     10.14       (2.37     5,000       1.16       1.15       2.38       74  

R4

    10.62       0.28       (0.49     (0.21     (0.32                 (0.32     10.09       (2.04     11,153       0.85       0.85       2.67       74  

R5

    10.62       0.31       (0.49     (0.18     (0.38                 (0.38     10.06       (1.74     1,548       0.56       0.56       2.98       74  

R6

    10.61       0.32       (0.50     (0.18     (0.40                 (0.40     10.03       (1.72     1,678       0.44       0.44       3.11       74  

Y

    10.61       0.32       (0.50     (0.18     (0.39                 (0.39     10.04       (1.69     449,292       0.48       0.48       3.06       74  

F

    10.46       0.31       (0.47     (0.16     (0.40                 (0.40     9.90       (1.59     678,207       0.44       0.44       3.10       74  

For the Year Ended October 31, 2017

 

A

  $   10.48     $   0.26     $   (0.04   $   0.22     $   (0.26   $   —     $   —     $   (0.26   $   10.44       2.19   $   772,486       0.84     0.84     2.55     56

C

    10.50       0.19       (0.04     0.15       (0.19                 (0.19     10.46       1.43       59,204       1.58       1.58       1.82       56  

I

    10.49       0.29       (0.04     0.25       (0.29                 (0.29     10.45       2.41       35,182       0.77       0.62       2.78       56  

R3

    10.68       0.23       (0.04     0.19       (0.23                 (0.23     10.64       1.86       5,851       1.17       1.17       2.22       56  

R4

    10.66       0.27       (0.04     0.23       (0.27                 (0.27     10.62       2.18       14,290       0.85       0.85       2.54       56  

R5

    10.65       0.30       (0.03     0.27       (0.30                 (0.30     10.62       2.48       1,548       0.55       0.55       2.84       56  

R6

    10.64       0.30       (0.02     0.28       (0.31                 (0.31     10.61       2.69       1,092       0.45       0.44       2.87       56  

Y

    10.65       0.31       (0.04     0.27       (0.31                 (0.31     10.61       2.57       438,589       0.46       0.46       2.96       56  

F(7)

    10.32       0.20       0.14       0.34       (0.20                 (0.20     10.46       3.36 (5)      937,170       0.44 (6)      0.44 (6)      2.88 (6)      56  

For the Year Ended October 31, 2016

 

A

  $   10.28     $   0.28     $   0.22     $   0.50     $   (0.25   $   (0.02   $   (0.03   $   (0.30   $   10.48       4.77   $   782,964       0.87     0.87 %(19)      2.68     41

B

    10.20       0.20       0.21       0.41       (0.18     (0.02     (0.02     (0.22     10.39       4.09       4,406       1.89       1.63 (19)      1.92       41  

C

    10.30       0.20       0.22       0.42       (0.18     (0.02     (0.02     (0.22     10.50       4.10       73,841       1.60       1.60 (19)      1.95       41  

I

    10.30       0.30       0.22       0.52       (0.28     (0.02     (0.03     (0.33     10.49       5.08       115,889       0.61       0.61 (19)      2.86       41  

R3

    10.48       0.25       0.22       0.47       (0.23     (0.02     (0.02     (0.27     10.68       4.51       5,943       1.18       1.18 (19)      2.37       41  

R4

    10.46       0.28       0.22       0.50       (0.25     (0.02     (0.03     (0.30     10.66       4.85       15,348       0.86       0.86 (19)      2.69       41  

R5

    10.46       0.32       0.20       0.52       (0.28     (0.02     (0.03     (0.33     10.65       5.16       1,473       0.56       0.56 (19)      3.00       41  

R6

    10.45       0.32       0.21       0.53       (0.29     (0.02     (0.03     (0.34     10.64       5.15       11       0.45       0.45 (19)      3.07       41  

Y

    10.45       0.33       0.21       0.54       (0.29     (0.02     (0.03     (0.34     10.65       5.27       1,031,478       0.45       0.45 (19)      3.10       41  
The Hartford World Bond Fund  

For the Year Ended October 31, 2020

 

A

  $   10.75     $   0.06     $   0.02     $   0.08     $   (0.19   $   (0.05   $   —     $   (0.24   $   10.59       0.80   $   414,356       1.02     1.02     0.59     125 %(26) 

C

    10.54       (0.01     0.01       0.00 (28)      (0.15     (0.05           (0.20     10.34       0.00 (27)      64,578       1.75       1.75       (0.14     125 (26) 

I

    10.83       0.09       0.03       0.12       (0.22     (0.05           (0.27     10.68       1.10       2,008,606       0.73       0.73       0.88       125 (26) 

R3

    10.68       0.03       0.02       0.05       (0.17     (0.05           (0.22     10.51       0.44       1,400       1.36       1.36       0.25       125 (26) 

R4

    10.76       0.06       0.02       0.08       (0.20     (0.05           (0.25     10.59       0.74       18,666       1.05       1.05       0.54       125 (26) 

R5

    10.84       0.09       0.01       0.10       (0.21     (0.05           (0.26     10.68       0.99       8,229       0.75       0.75       0.85       125 (26) 

R6

    10.88       0.10       0.01       0.11       (0.22     (0.05           (0.27     10.72       1.08       113,838       0.65       0.65       0.93       125 (26) 

Y

    10.87       0.09       0.02       0.11       (0.22     (0.05           (0.27     10.71       1.02       366,177       0.75       0.72       0.89       125 (26) 

F

    10.85       0.10       0.01       0.12       (0.22     (0.05           (0.27     10.70       1.17       1,477,042       0.64       0.64       0.97       125 (26) 

For the Year Ended October 31, 2019

 

A

  $ 10.65     $ 0.10     $ 0.49     $ 0.59     $ (0.48   $ (0.01   $     $ (0.49   $ 10.75       5.68   $ 419,891       1.02     1.02     0.98     93

C

    10.45       0.03       0.47       0.50       (0.40     (0.01           (0.41     10.54       4.92       81,694       1.75       1.75       0.26       93  

I

    10.72       0.14       0.48       0.62       (0.50     (0.01           (0.51     10.83       6.02       2,223,706       0.74       0.74       1.26       93  

R3

    10.58       0.07       0.48       0.55       (0.44     (0.01           (0.45     10.68       5.39       1,946       1.36       1.35       0.63       93  

R4

    10.65       0.09       0.51       0.60       (0.48     (0.01           (0.49     10.76       5.71       10,651       0.96       0.96       0.84       93  

R5

    10.72       0.13       0.50       0.63       (0.50     (0.01           (0.51     10.84       6.00       6,404       0.76       0.76       1.23       93  

R6

    10.76       0.14       0.50       0.64       (0.51     (0.01           (0.52     10.88       6.09       17,230       0.64       0.64       1.34       93  

Y

    10.75       0.14       0.50       0.64       (0.51     (0.01           (0.52     10.87       6.04       522,050       0.73       0.70       1.31       93  

F

    10.74       0.15       0.48       0.63       (0.51     (0.01           (0.52     10.85       6.11       2,027,555       0.64       0.64       1.35       93  

 

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

 

 

  220  

 


Hartford Fixed Income Funds

Financial Highlights – (continued)

 

 

 

    — Selected Per-Share Data(1)     — Ratios and Supplemental Data —  

Class

  Net Asset
Value at
Beginning
of Period
    Net
Investment
Income
(Loss)
    Net
Realized
and
Unrealized
Gain (Loss)
on
Investments
    Total from
Investment
Operations
    Dividends
from Net
Investment
Income
    Distributions
from
Capital
Gains
    Returns
of Capital
    Total
Dividends
and
Distributions
    Net
Asset
Value at
End of
Period
    Total
Return(2)
    Net
Assets at
End of
Period
(000s)
    Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3)(4)
    Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3)(4)
    Ratio of
Net
Investment
Income
(Loss) to
Average
Net Assets(4)
    Portfolio
Turnover
 
The Hartford World Bond Fund – (continued)  

For the Year Ended October 31, 2018

 

A

  $ 10.45     $ 0.11     $ 0.12     $ 0.23     $ (0.03   $     $     $ (0.03   $ 10.65       2.18   $ 339,123       1.04     1.04     1.04     115

C

    10.31       0.03       0.12       0.15       (0.01                 (0.01     10.45       1.44       78,993       1.77       1.77       0.30       115  

I

    10.50       0.14       0.12       0.26       (0.04                 (0.04     10.72       2.45       1,943,254       0.76       0.76       1.32       115  

R3

    10.41       0.07       0.12       0.19       (0.02                 (0.02     10.58       1.82       1,161       1.38       1.36       0.67       115  

R4

    10.46       0.11       0.11       0.22       (0.03                 (0.03     10.65       2.09       847       1.08       1.07       1.02       115  

R5

    10.51       0.14       0.11       0.25       (0.04                 (0.04     10.72       2.35       3,840       0.78       0.77       1.34       115  

R6

    10.53       0.16       0.11       0.27       (0.04                 (0.04     10.76       2.58       10,009       0.67       0.67       1.50       115  

Y

    10.53       0.15       0.11       0.26       (0.04                 (0.04     10.75       2.44       670,390       0.71       0.71       1.40       115  

F

    10.51       0.15       0.12       0.27       (0.04                 (0.04     10.74       2.58       1,571,981       0.66       0.66       1.43       115  

For the Year Ended October 31, 2017

 

A

  $   10.36     $   0.11     $   (0.02 )(20)    $   0.09     $   —     $     $     $     $ 10.45       0.87   $ 331,084       1.08     1.05     1.02     100

C

    10.29       0.03       (0.01 )(20)      0.02                               10.31       0.19       101,882       1.78       1.78       0.30       100  

I

    10.39       0.13       (0.02 )(20)      0.11                               10.50       1.16       1,880,345       0.85       0.80       1.26       100  

R3

    10.35       0.07       (0.01 )(20)      0.06                               10.41       0.58       2,139       1.40       1.35       0.70       100  

R4

    10.37       0.11       (0.02 )(20)      0.09                               10.46       0.87       664       1.10       1.05       1.03       100  

R5

    10.38       0.13             0.13                               10.51       1.25       2,087       0.79       0.75       1.27       100  

R6

    10.40       0.14       (0.01 )(20)      0.13                               10.53       1.25       1,176       0.71       0.69       1.36       100  

Y

    10.40       0.14       (0.01 )(20)      0.13                               10.53       1.25       490,321       0.70       0.70       1.37       100  

F(7)

    10.32       0.08       0.11 (20)      0.19                               10.51       1.84 (5)      1,235,664       0.68 (6)      0.68 (6)      1.14 (6)      100  

For the Year Ended October 31, 2016

 

A

  $ 10.47     $ 0.11     $ 0.07     $ 0.18     $     $   (0.26   $   (0.03   $   (0.29   $   10.36       1.78   $ 481,126       1.13     1.07 %(21)      1.12     122

C

    10.46       0.04       0.06       0.10             (0.26     (0.01     (0.27     10.29       0.95       155,828       1.79       1.79 (21)      0.40       122  

I

    10.49       0.14       0.06       0.20             (0.26     (0.04     (0.30     10.39       1.91       2,407,302       0.81       0.81 (21)      1.39       122  

R3

    10.48       0.09       0.06       0.15             (0.26     (0.02     (0.28     10.35       1.48       1,882       1.41       1.37 (21)      0.85       122  

R4

    10.48       0.11       0.07       0.18             (0.26     (0.03     (0.29     10.37       1.79       1,228       1.10       1.07 (21)      1.11       122  

R5

    10.48       0.15       0.06       0.21             (0.26     (0.05     (0.31     10.38       2.02       1,137       0.83       0.77 (21)      1.46       122  

R6

    10.49       0.16       0.06       0.22             (0.26     (0.05     (0.31     10.40       2.14       790       0.74       0.72 (21)      1.52       122  

Y

    10.49       0.15       0.07       0.22             (0.26     (0.05     (0.31     10.40       2.15       568,934       0.69       0.69 (21)      1.50       122  

 

(1) 

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

(2) 

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

(3) 

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

(4) 

Ratios do not include expenses of the Underlying Funds and/or other investment companies, if applicable.

(5) 

Not annualized.

(6) 

Annualized.

(7) 

Commenced operations on February 28, 2017.

(8) 

Excluding the expenses not subject to cap, the ratios would have been 1.25%, 2.00%, 1.00%, 1.55%, 1.25%, 0.95% and 0.90% for Class A, Class C, Class I, Class R3, Class R4, Class R5 and Class Y, respectively.

(9) 

Excluding the expenses not subject to cap, the ratios would have been 1.00%, 1.75%, 1.73%, 0.73%, 1.25%, 1.00%, 0.70% and 0.65% for Class A, Class B, Class C, Class I, Class R3, Class R4, Class R5 and Class Y, respectively.

(10) 

Excluding the expenses not subject to cap, the ratios would have been 1.05%, 1.80%, 0.80%, 1.35%, 1.05%, 0.75% and 0.75% for Class A, Class C, Class I, Class R3, Class R4, Class R5 and Class Y, respectively.

(11) 

Excluding the expenses not subject to cap, the ratios would have been 1.05%, 1.80%, 1.80%, 0.80%, 1.35%, 1.05%, 0.75% and 0.70% for Class A, Class B, Class C, Class I, Class R3, Class R4, Class R5 and Class Y, respectively.

(12) 

Excluding the expenses not subject to cap, the ratios would have been 0.85%, 1.60%, 1.60%, 0.60%, 1.20%, 0.90%, 0.60% and 0.55% for Class A, Class B, Class C, Class I, Class R3, Class R4, Class R5 and Class Y, respectively.

(13) 

The ratio of expenses before adjustments to average net assets excluding interest expense for the period November 1, 2019 through October 31, 2020 was 2.80%, 3.18%, 2.45% and 2.45% for Class A, Class A2, Class I, and Class SDR, respectively.

(14) 

Commenced operations on May 31, 2018.

(15) 

Excluding the expenses not subject to cap, the ratios would have been 0.69%, 1.44%, 1.44% and 0.44% for Class A, Class B, Class C and Class I, respectively.

(16) 

Commenced operations on February 28, 2019.

 

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

 

 

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Hartford Fixed Income Funds

Financial Highlights – (continued)

 

 

 

(17) 

Excluding the expenses not subject to cap, the ratios would have been 0.85%, 0.85%, 1.60%, 0.56%, 1.15%, 0.85%, 0.55% and 0.50% for Class A, Class B, Class C, Class I, Class R3, Class R4, Class R5 and Class Y, respectively.

(18) 

Excluding the expenses not subject to cap, the ratios would have been 0.95%, 1.10%, 1.70%, 0.70%, 1.25%, 0.95%, 0.65%, 0.60% and 0.60% for Class A, Class B, Class C, Class I, Class R3, Class R4, Class R5, Class R6 and Class Y, respectively.

(19) 

Excluding the expenses not subject to cap, the ratios would have been 0.86%, 1.62%, 1.59%, 0.60%, 1.17%, 0.85%, 0.55%, 0.44% and 0.44% for Class A, Class B, Class C, Class I, Class R3, Class R4, Class R5, Class R6 and Class Y, respectively.

(20) 

Per share amount was not in accord with the net realized and unrealized gain (loss) for the period because of the timing of transactions in shares of the Fund and the amount and timing of per-share net realized and unrealized gain (loss) on such shares.

(21) 

Excluding the expenses not subject to cap, the ratios would have been 1.05%, 1.77%, 0.79%, 1.35%, 1.05%, 0.75%, 0.70% and 0.67% for Class A, Class C, Class I, Class R3, Class R4, Class R5, Class R6 and Class Y, respectively.

(22) 

Portfolio turnover excludes TBA roll transactions. Had TBA roll transactions been included, the portfolio turnover rate would have been 211%.

(23) 

Portfolio turnover excludes TBA roll transactions. Had TBA roll transactions been included, the portfolio turnover rate would have been 43%.

(24) 

Portfolio turnover excludes TBA roll transactions. Had TBA roll transactions been included, the portfolio turnover rate would have been 180%.

(25) 

Portfolio turnover excludes TBA roll transactions. Had TBA roll transactions been included, the portfolio turnover rate would have been 545%.

(26) 

Portfolio turnover excludes TBA roll transactions. Had TBA roll transactions been included, the portfolio turnover rate would have been 168%.

(27) 

Amount is less than 0.01%.

(28) 

Amount is less than $0.01 per share.

 

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

 

 

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Hartford Fixed Income Funds

Notes to Financial Statements

October 31, 2020

 

 

 

1.

Organization:

The Hartford Mutual Funds, Inc. (the “Company”) is an open-end registered management investment company comprised of thirty-six series, as of October 31, 2020. Financial statements for the series of the Company listed below (each, a “Fund” and collectively, the “Funds”) are included in this report.

The Hartford Mutual Funds, Inc.:

The Hartford Emerging Markets Local Debt Fund (the “Emerging Markets Local Debt Fund”)

The Hartford Floating Rate Fund (the “Floating Rate Fund”)

The Hartford Floating Rate High Income Fund (the “Floating Rate High Income Fund”)

The Hartford High Yield Fund (the “High Yield Fund”)

The Hartford Inflation Plus Fund (the “Inflation Plus Fund”)

Hartford Municipal Income Fund (the “Municipal Income Fund”)

The Hartford Municipal Opportunities Fund (the “Municipal Opportunities Fund”)

Hartford Municipal Short Duration Fund (the “Municipal Short Duration Fund”)

The Hartford Short Duration Fund (the “Short Duration Fund”)

The Hartford Strategic Income Fund (the “Strategic Income Fund”)

The Hartford Total Return Bond Fund (the “Total Return Bond Fund”)

The Hartford World Bond Fund (the “World Bond Fund”)

The assets of each Fund are separate, and a shareholder’s interest is limited to the Fund in which shares are held. The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (the “SEC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). Each Fund, except Emerging Markets Local Debt Fund and World Bond Fund, is a diversified open-end management investment company. Emerging Markets Local Debt Fund and World Bond Fund are non-diversified open-end management investment companies. Each Fund applies specialized accounting and reporting standards under Accounting Standards Codification Topic 946, “Financial Services – Investment Companies.”

Each Fund has registered for sale Class A, Class C, Class I and Class F shares. In addition, each Fund, except Municipal Income Fund, Municipal Opportunities Fund and Municipal Short Duration Fund, offers Class R3, Class R4 and Class R5 shares. Each Fund, except Municipal Income Fund and Municipal Short Duration Fund, has registered for sale Class Y shares. Strategic Income Fund, Short Duration Fund, Total Return Bond Fund and World Bond Fund have registered for sale Class R6 shares. Class A shares of each Fund, except Floating Rate Fund, Floating Rate High Income Fund and Short Duration Fund, are sold with a front-end sales charge of up to 4.50%. Class A shares of Floating Rate Fund and Floating Rate High Income Fund are sold with a front-end sales charge of up to 3.00%. Class A shares of Short Duration Fund are sold with a front-end sales charge of up to 2.00%. Class C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Effective October 1, 2018, Class C shares automatically convert to Class A shares of the same Fund after ten years provided that the Fund or the financial intermediary has records verifying that the Class C shares have been held for at least ten years. Classes I, R3, R4, R5, R6, Y and F shares do not have a sales charge. Class C shares of the Total Return Bond Fund are closed to new investors, subject to certain exceptions. For more information, please see the Funds’ prospectus.

 

2.

Significant Accounting Policies:

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

 

  a)

Determination of Net Asset Value – The net asset value (“NAV”) of each class of each Fund’s shares is determined as of the close of regular trading on the New York Stock Exchange (the “Exchange”) (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the Exchange is open (“Valuation Date”). If the Exchange is closed due to weather or other extraordinary circumstances on a day it would typically be open for business, each Fund may treat such day as a typical business day and accept purchase and redemption orders and calculate each Fund’s NAV in accordance with applicable law. The NAV for each class of shares of each Fund is determined by dividing the value of the Fund’s net assets attributable to a class of shares by the number of shares outstanding for that class. Information that becomes known to the Funds after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day.

 

  b)

Investment Valuation and Fair Value Measurements For purposes of calculating the NAV, of each class of each Fund, portfolio securities and other assets held in a Fund’s portfolio for which market prices are readily available are valued at market value. Market value is generally determined on the basis of official close price or last reported trade price. If no trades were reported, market value is based on prices obtained from a quotation reporting system, established market makers (including evaluated prices), or independent pricing services. Pricing

 

 

  223  

 


Hartford Fixed Income Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

  vendors may use matrix pricing or valuation models that utilize certain inputs and assumptions to derive values, including transaction data, credit quality information, general market conditions, news, and other factors and assumptions.

If market prices are not readily available or are deemed unreliable, a Fund will use the fair value of the security or other instrument as determined in good faith under policies and procedures established by and under the supervision of the Board of Directors of the Company (the “Board of Directors”) (“Valuation Procedures”). Market prices are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or broker quotes), including where events occur after the close of the relevant market, but prior to the NYSE Close, that materially affect the values of a Fund’s portfolio holdings or assets. In addition, market prices are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the securities or other instruments trade do not open for trading for the entire day and no other market prices are available. Fair value pricing is subjective in nature and the use of fair value pricing by a Fund may cause the NAV of its shares to differ significantly from the NAV that would have been calculated using market prices at the close of the exchange on which a portfolio holding is primarily traded. There can be no assurance that a Fund could obtain the fair value assigned to an investment if the Fund were to sell the investment at approximately the time at which the Fund determines its NAV.

Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close. Securities and other instruments that are primarily traded on foreign markets may trade on days that are not business days of the Funds. The value of the foreign securities or other instruments in which a Fund invests may change on days when a shareholder will not be able to purchase, redeem or exchange shares of the Fund.

Fixed income investments (other than short-term obligations) held by a Fund are normally valued at prices supplied by independent pricing services in accordance with the Valuation Procedures. Short-term investments maturing in 60 days or less are generally valued at amortized cost.

Exchange-traded derivatives, such as options, futures and options on futures, are valued at the last sale price determined by the exchange where such instruments principally trade as of the close of such exchange (“Exchange Close”). If a last sale price is not available, the value will be the mean of the most recently quoted bid and ask prices as of the Exchange Close. If a mean of the bid and ask prices cannot be calculated for the day, the value will be the most recently quoted bid price as of the Exchange Close. Over-the-counter derivatives are normally valued based on prices supplied by independent pricing services in accordance with the Valuation Procedures.

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

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

Investments in open-end mutual funds, if any, are valued at the respective NAV of each open-end mutual fund on the Valuation Date. Shares of investment companies listed and traded on an exchange are valued in the same manner as any exchange-listed equity security. Such open-end mutual funds and listed investment companies may use fair value pricing as disclosed in their prospectuses.

Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with the Valuation Procedures.

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

 

   

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

   

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

 

 

  224  

 


Hartford Fixed Income Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

  interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract.
   

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

The Board of Directors has delegated the day-to-day responsibility for implementing the Valuation Procedures to the Valuation Committee. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of such Fund’s sub-adviser(s), as applicable, knowledgeable brokers, and legal counsel in making such determination. The Valuation Committee reports to the Audit Committee of the Board of Directors.

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

For additional information, refer to the Fair Value Summary and the Level 3 roll-forward reconciliation, if applicable, which follows each Fund’s Schedule of Investments.

 

  c)

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

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

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

Please refer to Note 8 for Securities Lending information.

 

  d)

Taxes – A Fund may be subject to taxes imposed on realized gains on securities of certain foreign countries in which such Fund invests. A Fund may also be subject to taxes withheld on foreign dividends and interest from securities in which a Fund invests. The amount of any foreign taxes withheld and foreign tax expense is included on the accompanying Statements of Operations as a reduction to net investment income or net realized or unrealized gain on investments in these securities, if applicable.

 

  e)

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

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

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

 

  f)

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

 

  g)

Fund Share Valuation and Dividend Distributions to Shareholders – Orders for each class of each Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of each class of each Fund’s shares is determined as of the close of business

 

 

  225  

 


Hartford Fixed Income Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

  on each business day of the Exchange (see Note 2(a)). The NAV is determined separately for each class of shares of a Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by a Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class of the Fund. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of each Fund.

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

Dividends are declared pursuant to a policy adopted by the Company’s Board of Directors. Dividends and/or distributions to shareholders are recorded on ex-date. Normally, for each Fund, except Emerging Markets Local Debt Fund, Strategic Income Fund, and World Bond Fund, dividends from net investment income are declared daily and paid monthly. The policy of Emerging Markets Local Debt Fund and Strategic Income Fund is to declare and pay dividends from net investment income, if any, monthly. The policy of World Bond Fund is to declare and pay dividends from net investment income, if any, quarterly. Dividends from realized gains, if any, are paid at least once a year.

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

 

3.

Securities and Other Investments:

 

  a)

Restricted Securities – Each Fund may invest in securities that are subject to legal or contractual restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are registered. Disposal of these securities may involve time-consuming negotiations and expense, and prompt sale at an acceptable price may be difficult. Information regarding restricted securities, if applicable, is included at the end of each Fund’s Schedule of Investments.

 

  b)

Investments Purchased on a When-Issued or Delayed-Delivery Basis – Delivery and payment for investments that have been purchased by a Fund on a forward commitment, or when-issued or delayed-delivery basis, take place beyond the customary settlement period. A Fund may dispose of or renegotiate a delayed-delivery transaction after it is entered into, and may sell delayed-delivery investments before they are delivered, which may result in a realized gain or loss. During this period, such investments are subject to market fluctuations, and a Fund identifies investments segregated in its records with a value at least equal to the amount of the commitment. See each Fund’s Schedule of Investments, if applicable, for when-issued or delayed-delivery investments as of October 31, 2020.

In connection with a Fund’s ability to purchase investments on a when-issued or forward commitment basis, the Fund may enter into to-be announced (“TBA”) commitments. TBA commitments are forward agreements for the purchase or sale of mortgage-backed securities for a fixed price, with payment and delivery on an agreed-upon future settlement date. The specific securities to be delivered are not identified at the trade date; however, delivered securities must meet specified terms, including issuer, rate and mortgage terms. Although a Fund may enter into TBA commitments with the intention of acquiring or delivering securities for its portfolio, the Fund can extend the settlement date, roll the transaction, or dispose of a commitment prior to settlement if deemed appropriate to do so. If the TBA commitment is closed through the acquisition of an offsetting TBA commitment, a Fund realizes a gain or loss. In a TBA roll transaction, a Fund generally purchases or sells the initial TBA commitment prior to the agreed upon settlement date and enters into a new TBA commitment for future delivery or receipt of the mortgage-backed securities. TBA commitments involve a risk of loss if the value of the security to be purchased or sold declines or increases, respectively, prior to settlement date. These transactions are excluded from a Fund’s portfolio turnover rate. See each Fund’s Schedule of Investments, if applicable, for TBA commitments as of October 31, 2020.

 

  c)

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

Senior floating rate interests are typically rated below-investment-grade, which suggests they are more likely to default and generally pay higher interest rates than investment-grade loans. A default could lead to non-payment of income, which would result in a reduction of income to a Fund, and there can be no assurance that the liquidation of any collateral would satisfy the Borrower’s obligation in the event of

 

 

  226  

 


Hartford Fixed Income Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

non-payment of scheduled interest or principal payments, or that such collateral could be readily liquidated. See each Fund’s Schedule of Investments, if applicable, for outstanding senior floating rate interests as of October 31, 2020.

 

  d)

Mortgage-Related and Other Asset-Backed Securities – A Fund may invest in mortgage-related and other asset-backed securities. These securities include mortgage pass-through securities, collateralized mortgage obligations, commercial mortgage-backed securities, stripped mortgage-backed securities, asset-backed securities, collateralized debt obligations and other securities that directly or indirectly represent a participation in, or are secured by and payable from, mortgage loans on real property. Mortgage-related securities are created from pools of residential or commercial mortgage loans, including mortgage loans made by savings and loan institutions, mortgage bankers, commercial banks and others. Asset-backed securities are created from many types of assets, including auto loans, credit card receivables, home equity loans, and student loans. These securities provide a monthly payment that consists of both interest and principal payments. Interest payments may be determined by fixed or adjustable rates. The rate of prepayments on underlying mortgages will affect the price and volatility of a mortgage-related security, and may have the effect of shortening or extending the effective duration of the security relative to what was anticipated at the time of purchase. The timely payment of principal and interest of certain mortgage-related securities is guaranteed by the full faith and credit of the United States Government. Mortgage-related and other asset-backed securities created and guaranteed by non-governmental issuers, including government-sponsored corporations, may be supported by various forms of insurance or guarantees, but there can be no assurance that the private insurers or guarantors can meet their obligations under the insurance policies or guarantee arrangements. See each Fund’s Schedule of Investments, if applicable, for mortgage-related and other asset-backed securities as of October 31, 2020.

 

  e)

Inflation-Indexed Bonds – A Fund may invest in inflation-indexed bonds. Inflation-indexed bonds are fixed income investments whose principal value is periodically adjusted to the rate of inflation. The interest rate on these bonds is generally fixed at issuance at a rate lower than typical bonds. Over the life of an inflation-indexed bond, however, interest will be paid based on a principal value, which is adjusted for inflation. Any increase or decrease in the principal amount of an inflation-indexed bond will be included as interest income on the Statements of Operations, even though investors do not receive the principal amount until maturity. See each Fund’s Schedule of Investments, if applicable, for inflation-indexed bonds as of October 31, 2020.

 

  f)

Repurchase Agreements – A repurchase agreement is an agreement between two parties whereby one party sells the other a security at a specified price with a commitment to repurchase the security later at an agreed-upon price, date and interest payment. Each Fund is permitted to enter into fully collateralized repurchase agreements. The Company’s Board of Directors has delegated to the sub-adviser the responsibility of evaluating the creditworthiness of the banks and securities dealers with which the Funds will engage in repurchase agreements. The sub-adviser will monitor such transactions to ensure that the value of underlying collateral will be at least equal to the total amount of the repurchase obligation as required by the valuation provision of the repurchase agreement, including the accrued interest. Repurchase agreements carry the risk that the market value of the securities declines below the repurchase price. A Fund could also lose money if it is unable to recover the securities and the value of any collateral held or assets segregated by the Fund to cover the transaction is less than the value of the securities. In the event the borrower commences bankruptcy proceedings, a court may characterize the transaction as a loan. If a Fund has not perfected a security interest in the underlying collateral, the Fund may be required to return the underlying collateral to the borrower’s estate and be treated as an unsecured creditor. As an unsecured creditor, the Fund could lose some or all of the principal and interest involved in the transaction. See each Fund’s Schedule of Investments, if applicable, for repurchase agreements as of October 31, 2020.

 

4.

Financial Derivative Instruments:

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

 

  a)

Bond Forwards – A Fund may enter into bond forwards. A bond forward is a contractual agreement between a Fund and another party to buy or sell an underlying asset at an agreed-upon future price and date. In a bond forward transaction, no cash premium is paid when the parties enter into the bond forward. If the transaction is collateralized, an exchange of margin collateral will take place according to an agreed-upon schedule. Otherwise, no asset of any kind changes hands until the bond forward matures (typically in 30 days) or is rolled over for another agreed-upon period. Generally, the value of the bond forward will change based on changes in the value of the underlying asset. Bond forwards are subject to market risk (the risk that the market value of the underlying bond may change), non-correlation risk (the risk that the market value of the bond forward might move independently of the market value of the underlying bond) and counterparty credit risk (the risk that a counterparty will be unable to meet its obligation under the contract). If there is no cash exchanged at the time a Fund enters into the bond forward, counterparty risk may be limited to the loss of any marked-to-market profit on the contract and any delays or limitations on the Fund’s ability to sell or otherwise use the investments used as collateral for the bond forward.

 

 

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Hartford Fixed Income Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

During the year ended October 31, 2020, Inflation Plus Fund had entered into Bond Forwards.

 

  b)

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

Foreign currency contracts involve elements of market risk in excess of the amounts reflected in the Statements of Assets and Liabilities. In addition, risks may arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of the contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar. Upon entering into a foreign currency contract, a Fund may be required to post margin equal to its outstanding exposure thereunder.

During the year ended October 31, 2020, each of Emerging Markets Local Debt Fund, Floating Rate Fund, Floating Rate High Income Fund, High Yield Fund, Inflation Plus Fund, Short Duration Fund, Strategic Income Fund, Total Return Bond Fund and World Bond Fund had used Foreign Currency Contracts.

 

  c)

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

During the year ended October 31, 2020, each of Emerging Markets Local Debt Fund, Inflation Plus Fund, Short Duration Fund, Strategic Income Fund, Total Return Bond Fund and World Bond Fund had used Futures Contracts.

 

  d)

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

During the year ended October 31, 2020, each of Emerging Markets Local Debt Fund, Inflation Plus Fund, Strategic Income Fund, Total Return Bond Fund and World Bond Fund had used Options Contracts.

 

  e)

Swap Contracts – A Fund may invest in swap contracts. Swap contracts are agreements to exchange or swap investment cash flows, assets, foreign currencies or market-linked returns at specified future intervals. Swap contracts are either privately negotiated in the over-the-counter market (“OTC swaps”) or cleared through a central counterparty or derivatives clearing organization (“centrally cleared

 

 

  228  

 


Hartford Fixed Income Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

  swaps”). A Fund may enter into credit default, total return, cross-currency, interest rate, inflation and other forms of swap contracts to manage its exposure to credit, currency, interest rate, commodity and inflation risk. Swap contracts are also used to gain exposure to certain markets. In connection with these contracts, investments or cash may be identified as collateral or margin in accordance with the terms of the respective swap contracts and/or master netting arrangement to provide assets of value and recourse in the event of default or bankruptcy/insolvency.

Swaps are valued in accordance with the Valuation Procedures. Changes in market value, if any, are reflected as a component of net changes in unrealized appreciation or depreciation on the Statements of Operations. Daily changes in valuation of centrally cleared swaps, if any, are recorded as a receivable or payable for the change in value (“variation margin”) on the Statements of Assets and Liabilities. Realized gains or losses on centrally cleared swaps are recorded upon the termination of the swaps. OTC swap payments received or paid at the beginning of the measurement period are reflected as such on the Statements of Assets and Liabilities and represent premiums paid or received upon entering into the swap contract to compensate for differences between the stated terms of the swap contract and prevailing market conditions (credit spreads, currency exchange rates, interest rates and other relevant factors). These upfront premiums are recorded as realized gains or losses on the Statements of Operations upon termination or maturity of the swap. A liquidation payment received or made at the termination or maturity of the swap is recorded as a realized gain or loss on the Statements of Operations. Net periodic payments received or paid by a Fund are included as part of realized gains or losses on the Statements of Operations.

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

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

Credit Default Swap Contracts – The credit default swap market allows a Fund to manage credit risk through buying and selling credit protection on a specific issuer, asset or basket of assets. Certain credit default swaps involve the exchange of a fixed rate premium for protection against the loss in value of an underlying investment or index in the event of a credit event, such as payment default or bankruptcy.

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

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

 

 

  229  

 


Hartford Fixed Income Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

During the year ended October 31, 2020, each of Emerging Markets Local Debt Fund, High Yield Fund, Inflation Plus Fund, Strategic Income Fund, Total Return Bond Fund and World Bond Fund had used Credit Default Swap Contracts.

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

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

During the year ended October 31, 2020, each of Emerging Markets Local Debt Fund, Inflation Plus Fund, Strategic Income Fund, Total Return Bond Fund and World Bond Fund had used Interest Rate Swap Contracts.

Total Return Swap Contracts – Certain Funds may invest in total return swap contracts in pursuit of the Fund’s investment objective or for hedging purposes. An investment in a total return swap allows a Fund to gain or mitigate exposure to underlying reference assets. Total return swap contracts involve commitments where cash flows are exchanged based on the price of underlying reference assets and based on a fixed or variable interest rate. One party receives payments based on the price appreciation or depreciation of the underlying reference asset, in exchange for paying to or receiving from the counterparty seller an agreed-upon interest rate. A variable interest rate may be correlated to a base rate, such as the LIBOR, and is adjusted each reset period, which is defined at the beginning of the contract. Therefore, if interest rates increase over the term of the swap contract, the party paying the rate may be required to pay a higher rate at each swap reset date.

Total return swap contracts on indices involve commitments to pay interest in exchange for a market-linked return. One party pays out the total return of a specific reference asset, which may be an equity, index, or bond, and in return receives a regular stream of payments. To the extent the total return of the security or index underlying the transaction exceeds or falls short of the offsetting interest rate obligation, a Fund will receive a payment from or make a payment to the counterparty. If the Fund is a payer in a total return swap, it may be subject to unlimited losses. They are also subject to counterparty risk. If the counterparty fails to meet its obligations, the Fund may lose money.

During the year ended October 31, 2020, each of Floating Rate Fund, Floating Rate High Income Fund and Strategic Income Fund had used Total Return Swap Contracts.

Cross Currency Swaps – Certain Funds may enter into cross currency swap agreements to gain or mitigate exposure to currency risk. A cross currency swap is an agreement to exchange cash flows on a notional amount of two or more currencies based on the relative value differential among them. Such swaps may involve initial and final exchanges that correspond to the agreed upon notional amount. Cross currency swaps usually involve the delivery of the entire principal value of one designated currency in exchange for the other designated currency. Therefore, the entire principal value of a cross currency swap is subject to the risk that the other party to the swap will default on its contractual delivery obligations. If there is a default by the counterparty, the Fund may have contractual remedies pursuant to the agreements related to the transaction.

During the year ended October 31, 2020, Emerging Markets Local Debt Fund had used Cross Currency Swaps.

 

 

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Hartford Fixed Income Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

  f)

Additional Derivative Instrument Information:

Emerging Markets Local Debt Fund

The Effect of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2020:

 

     Risk Exposure Category  
     Interest Rate
Contracts
     Foreign
Currency
Contracts
     Credit
Contracts
     Equity
Contracts
     Commodity
Contracts
     Other
Contracts
     Total  

Assets:

                    

Investments in securities, at value (purchased options), market value

   $      $ 137,742      $      $      $      $      $ 137,742  

Unrealized appreciation on futures
contracts(1)

     33,718                                           33,718  

Unrealized appreciation on foreign currency contracts

            959,098                                    959,098  

Unrealized appreciation on swap
contracts(2)

     178,935                                           178,935  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $     212,653      $     1,096,840      $     —      $     —      $     —      $     —      $     1,309,493  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Liabilities:

                    

Unrealized depreciation on futures contracts(1)

   $ 36,396      $      $      $      $      $      $ 36,396  

Unrealized depreciation on foreign currency contracts

            1,258,789                                    1,258,789  

Written options, market value

            201,488                                    201,488  

Unrealized depreciation on swap contracts(2)

     246,987                                           246,987  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 283,383      $ 1,460,277      $      $      $      $      $ 1,743,660  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

  (1)

Amount represents the cumulative appreciation and depreciation on futures contracts as disclosed within the Schedule of Investments under the open “Futures Contracts” section. Only current day’s variation margin, if any, is reported within the Statement of Assets and Liabilities.

  (2) 

Amount represents the cumulative appreciation and depreciation on centrally cleared swaps, if applicable, as disclosed within the Schedule of Investments. Only the current day’s variation margin, if any, are reported within the Statements of Assets and Liabilities. OTC swaps are reported within the Statement of Assets and Liabilities within Unrealized appreciation and depreciation on OTC swap contracts, if applicable.

The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2020:

 

     Risk Exposure Category  
     Interest Rate
Contracts
    Foreign
Currency
Contracts
    Credit
Contracts
    Equity
Contracts
     Commodity
Contracts
     Other
Contracts
     Total  

Realized Gain (Loss) on Derivatives Recognized as a Result of Operations:

                 

Net realized gain (loss) on purchased options contracts

   $     $ 20,246     $     $      $      $      $ 20,246  

Net realized gain (loss) on futures contracts

     57,684                                        57,684  

Net realized gain (loss) on written options contracts

           360,321                                  360,321  

Net realized gain (loss) on swap contracts

     (507,342           163,706                            (343,636

Net realized gain (loss) on foreign currency contracts

           (1,904,873                                (1,904,873
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $     (449,658   $     (1,524,306   $     163,706     $     —      $     —      $     —      $     (1,810,258
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:

                 

Net change in unrealized appreciation (depreciation) of investments in purchased options contracts

   $     $ 237,172     $     $      $      $      $ 237,172  

Net change in unrealized appreciation (depreciation) of futures contracts

     (43,215                                      (43,215

Net change in unrealized appreciation (depreciation) of written options contracts

           28,352                                  28,352  

Net change in unrealized appreciation (depreciation) of swap contracts

     (151,335           (16,358                          (167,693

Net change in unrealized appreciation (depreciation) of foreign currency contracts

           (1,763,714                                (1,763,714
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ (194,550   $ (1,498,190   $ (16,358   $      $      $      $ (1,709,098
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

 

 

  231  

 


Hartford Fixed Income Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

Emerging Markets Local Debt Fund – (continued)

 

For the year ended October 31, 2020, the average monthly amount or number per contract outstanding for each derivative type was as follows:

 

Derivative Description

   Average Notional
Par, Contracts
or Face Amount
 

Purchased Options Contracts at Number of Contracts

     29,479,667  

Futures Contracts Long at Number of Contracts

     68  

Futures Contracts Short at Number of Contracts

     (59

Written Options Contracts at Number of Contracts

     (14,760,500

Swap Contracts at Notional Amount

   $     31,602,768,376  

Foreign Currency Contracts Purchased at Contract Amount

   $ 107,660,434  

Foreign Currency Contracts Sold at Contract Amount

   $ 76,664,874  

Floating Rate Fund

The Effect of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2020:

 

     Risk Exposure Category  
     Interest Rate
Contracts
     Foreign
Currency
Contracts
     Credit
Contracts
     Equity
Contracts
     Commodity
Contracts
     Other
Contracts
     Total  

Assets:

                    

Unrealized appreciation on foreign currency contracts

   $      $ 4,416,130      $      $      $      $      $ 4,416,130  

Unrealized appreciation on swap contracts(1)

     3,039,627                                           3,039,627  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $     3,039,627      $     4,416,130      $     —      $     —      $     —      $     —      $     7,455,757  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Liabilities:

                    

Unrealized depreciation on foreign currency contracts

   $      $ 459,134      $      $      $      $      $ 459,134  

Unrealized depreciation on swap contracts(1)

     231,943                                           231,943  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 231,943      $ 459,134      $      $      $      $      $ 691,077  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

  (1)

Amount represents the cumulative appreciation and depreciation on centrally cleared swaps, if applicable, as disclosed within the Schedule of Investments. Only the current day’s variation margin, if any, are reported within the Statements of Assets and Liabilities. OTC swaps are reported within the Statement of Assets and Liabilities within Unrealized appreciation and depreciation on OTC swap contracts, if applicable.

The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2020:

 

     Risk Exposure Category  
     Interest Rate
Contracts
    Foreign
Currency
Contracts
    Credit
Contracts
     Equity
Contracts
     Commodity
Contracts
     Other
Contracts
     Total  

Realized Gain (Loss) on Derivatives Recognized as a Result of Operations:

                  

Net realized gain (loss) on swap contracts

   $ (6,316,254   $     $      $      $      $      $ (6,316,254

Net realized gain (loss) on foreign currency contracts

           (9,539,552                                 (9,539,552
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $     (6,316,254   $     (9,539,552   $     —      $     —      $     —      $     —      $     (15,855,806
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:

                  

Net change in unrealized appreciation (depreciation) of swap contracts

   $ 2,795,405     $     $      $      $      $      $ 2,795,405  

Net change in unrealized appreciation (depreciation) of foreign currency contracts

           5,168,544                                   5,168,544  
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 2,795,405     $ 5,168,544     $      $      $      $      $ 7,963,949  
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

For the year ended October 31, 2020, the average monthly amount or number per contract outstanding for each derivative type was as follows:

 

Derivative Description

   Average Notional
Par, Contracts
or Face Amount
 

Swap Contracts at Notional Amount

   $     100,287,917  

Foreign Currency Contracts Purchased at Contract Amount

   $ 9,370,641  

Foreign Currency Contracts Sold at Contract Amount

   $ 236,198,843  

 

 

  232  

 


Hartford Fixed Income Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

Floating Rate High Income Fund

The Effect of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2020:

 

     Risk Exposure Category  
     Interest Rate
Contracts
     Foreign
Currency
Contracts
     Credit
Contracts
     Equity
Contracts
     Commodity
Contracts
     Other
Contracts
     Total  

Assets:

                    

Unrealized appreciation on foreign currency contracts

   $      $ 1,010,538      $      $      $      $      $ 1,010,538  

Unrealized appreciation on swap contracts(1)

     807,831                                           807,831  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $     807,831      $     1,010,538      $     —      $     —      $     —      $     —      $     1,818,369  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Liabilities:

                    

Unrealized depreciation on foreign currency contracts

   $      $ 107,115      $      $      $      $      $ 107,115  

Unrealized depreciation on swap contracts(1)

     61,753                                           61,753  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 61,753      $ 107,115      $      $      $      $      $ 168,868  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

  (1) 

Amount represents the cumulative appreciation and depreciation on centrally cleared swaps, if applicable, as disclosed within the Schedule of Investments. Only the current day’s variation margin, if any, are reported within the Statements of Assets and Liabilities. OTC swaps are reported within the Statement of Assets and Liabilities within Unrealized appreciation and depreciation on OTC swap contracts, if applicable.

The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2020:

 

     Risk Exposure Category  
     Interest Rate
Contracts
    Foreign
Currency
Contracts
    Credit
Contracts
     Equity
Contracts
     Commodity
Contracts
     Other
Contracts
     Total  

Realized Gain (Loss) on Derivatives Recognized as a Result of Operations:

                  

Net realized gain (loss) on swap contracts

   $ (1,281,404   $     $      $      $      $      $ (1,281,404

Net realized gain (loss) on foreign currency contracts

           (1,675,895                                 (1,675,895
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $     (1,281,404   $     (1,675,895   $     —      $     —      $     —      $     —      $     (2,957,299
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:

                  

Net change in unrealized appreciation (depreciation) of swap contracts

   $ 736,023     $     $      $      $      $      $ 736,023  

Net change in unrealized appreciation (depreciation) of foreign currency contracts

           1,173,047                                   1,173,047  
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 736,023     $ 1,173,047     $      $      $      $      $ 1,909,070  
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

For the year ended October 31, 2020, the average monthly amount or number per contract outstanding for each derivative type was as follows:

 

Derivative Description

   Average Notional
Par, Contracts
or Face Amount
 

Swap Contracts at Notional Amount

   $ 18,168,333  

Foreign Currency Contracts Purchased at Contract Amount

   $ 1,752,155  

Foreign Currency Contracts Sold at Contract Amount

   $     49,545,951  

High Yield Fund

The Effect of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2020:

 

     Risk Exposure Category  
     Interest Rate
Contracts
     Foreign
Currency
Contracts
     Credit
Contracts
     Equity
Contracts
     Commodity
Contracts
     Other
Contracts
     Total  

Assets:

                    

Unrealized appreciation on foreign currency contracts

   $      $ 365,224      $      $      $      $      $ 365,224  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $     —      $     365,224      $     —      $     —      $     —      $     —      $     365,224  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Liabilities:

                    

Unrealized depreciation on foreign currency contracts

   $      $ 144      $      $      $      $      $ 144  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $      $ 144      $      $      $      $      $ 144  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

 

  233  

 


Hartford Fixed Income Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

High Yield Fund – (continued)

 

The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2020:

 

     Risk Exposure Category  
     Interest Rate
Contracts
     Foreign
Currency
Contracts
    Credit
Contracts
    Equity
Contracts
     Commodity
Contracts
     Other
Contracts
     Total  

Realized Gain (Loss) on Derivatives Recognized as a Result of Operations:

                  

Net realized gain (loss) on swap contracts

   $      $     $ (55,254   $      $      $      $ (55,254

Net realized gain (loss) on foreign currency contracts

            (405,491                                (405,491
  

 

 

    

 

 

   

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $     —      $     (405,491   $     (55,254   $     —      $     —      $     —      $     (460,745
  

 

 

    

 

 

   

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:

                  

Net change in unrealized appreciation (depreciation) of swap contracts

   $      $     $ (13,631   $      $      $      $ (13,631

Net change in unrealized appreciation (depreciation) of foreign currency contracts

            401,472                                  401,472  
  

 

 

    

 

 

   

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $      $ 401,472     $ (13,631   $      $      $      $ 387,841  
  

 

 

    

 

 

   

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

For the year ended October 31, 2020, the average monthly amount or number per contract outstanding for each derivative type was as follows:

 

Derivative Description

   Average Notional
Par, Contracts
or Face Amount
 

Swap Contracts at Notional Amount

   $ 2,500,646  

Foreign Currency Contracts Purchased at Contract Amount

   $ 169,595  

Foreign Currency Contracts Sold at Contract Amount

   $     11,158,936  

Inflation Plus Fund

The Effect of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2020:

 

     Risk Exposure Category  
     Interest Rate
Contracts
     Foreign
Currency
Contracts
     Credit
Contracts
     Equity
Contracts
     Commodity
Contracts
     Other
Contracts
     Total  

Assets:

 

Investments in securities, at value (purchased options), market value

   $ 47      $      $      $      $      $      $ 47  

Unrealized appreciation on futures
contracts(1)

     585,812                                           585,812  

Unrealized appreciation on foreign currency contracts

            814,245                                    814,245  

Unrealized appreciation on swap contracts(2)

     1,175,704               737,310                             1,913,014  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 1,761,563      $ 814,245      $     737,310      $     —      $     —      $     —      $     3,313,118  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Liabilities:

 

Unrealized depreciation on futures
contracts(1)

   $ 660,035      $      $      $      $      $      $ 660,035  

Unrealized depreciation on bond forward contracts

     220,308                                           220,308  

Unrealized depreciation on foreign currency contracts

            405,898                                    405,898  

Unrealized depreciation on swap contracts(2)

     2,235,581               5,492                             2,241,073  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $     3,115,924      $     405,898      $ 5,492      $      $      $      $ 3,527,314  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

  (1)

Amount represents the cumulative appreciation and depreciation on futures contracts as disclosed within the Schedule of Investments under the open “Futures Contracts” section. Only current day’s variation margin, if any, is reported within the Statement of Assets and Liabilities.

  (2) 

Amount represents the cumulative appreciation and depreciation on centrally cleared swaps, if applicable, as disclosed within the Schedule of Investments. Only the current day’s variation margin, if any, are reported within the Statements of Assets and Liabilities. OTC swaps are reported within the Statement of Assets and Liabilities within Unrealized appreciation and depreciation on OTC swap contracts, if applicable.

 

 

  234  

 


Hartford Fixed Income Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

Inflation Plus Fund – (continued)

 

The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2020:

 

     Risk Exposure Category  
     Interest Rate
Contracts
    Foreign
Currency
Contracts
     Credit
Contracts
    Equity
Contracts
     Commodity
Contracts
     Other
Contracts
     Total  

Realized Gain (Loss) on Derivatives Recognized as a Result of Operations:

                  

Net realized gain (loss) on futures contracts

   $ (333,211   $      $     $      $      $      $ (333,211

Net realized gain (loss) on swap contracts

     (3,307,316            (273,070                              (3,580,386

Net realized gain (loss) on bond forward contracts

     4,537,895                                         4,537,895  

Net realized gain (loss) on foreign currency contracts

           66,556                                   66,556  
  

 

 

   

 

 

    

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $     897,368     $ 66,556      $     (273,070   $     —      $     —      $     —      $ 690,854  
  

 

 

   

 

 

    

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:

                  

Net change in unrealized appreciation (depreciation) of investments in purchased options contracts

   $ (72,723   $      $     $      $      $      $ (72,723

Net change in unrealized appreciation (depreciation) of futures contracts

     (37,671                                       (37,671

Net change in unrealized appreciation (depreciation) of swap contracts

     896,254              562,617                            1,458,871  

Net change in unrealized appreciation (depreciation) of bond forward contracts

     (457,974                                       (457,974

Net change in unrealized appreciation (depreciation) of foreign currency contracts

           530,758                                   530,758  
  

 

 

   

 

 

    

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 327,886     $     530,758      $ 562,617     $      $      $      $     1,421,261  
  

 

 

   

 

 

    

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

For the year ended October 31, 2020, the average monthly amount or number per contract outstanding for each derivative type was as follows:

 

Derivative Description

   Average Notional
Par, Contracts
or Face Amount
 

Purchased Options Contracts at Number of Contracts

     2,905,000  

Futures Contracts Long at Number of Contracts

     474  

Futures Contracts Short at Number of Contracts

     (366

Swap Contracts at Notional Amount

   $     140,916,117  

Foreign Currency Contracts Purchased at Contract Amount

   $ 9,280,499  

Foreign Currency Contracts Sold at Contract Amount

   $ 28,122,106  

Bond Forward Contracts at Contract Amount

   $ 53,631,076  

Short Duration Fund

The Effect of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2020:

 

     Risk Exposure Category  
     Interest Rate
Contracts
     Foreign
Currency
Contracts
     Credit
Contracts
     Equity
Contracts
     Commodity
Contracts
     Other
Contracts
     Total  

Assets:

                    

Unrealized appreciation on futures contracts(1)

   $ 518,479      $      $      $      $      $      $ 518,479  

Unrealized appreciation on foreign currency contracts

            469,579                                    469,579  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $     518,479      $     469,579      $     —      $     —      $     —      $     —      $     988,058  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Liabilities:

                    

Unrealized depreciation on futures contracts(1)

   $ 39,156      $      $      $      $      $      $ 39,156  

Unrealized depreciation on foreign currency contracts

            5,874                                    5,874  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 39,156      $ 5,874      $      $      $      $      $ 45,030  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

  (1) 

Amount represents the cumulative appreciation and depreciation on futures contracts as disclosed within the Schedule of Investments under the open “Futures Contracts” section. Only current day’s variation margin, if any, is reported within the Statement of Assets and Liabilities.

 

 

  235  

 


Hartford Fixed Income Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

Short Duration Fund – (continued)

 

The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2020:

 

     Risk Exposure Category  
     Interest Rate
Contracts
    Foreign
Currency
Contracts
    Credit
Contracts
     Equity
Contracts
     Commodity
Contracts
     Other
Contracts
     Total  

Realized Gain (Loss) on Derivatives Recognized as a Result of Operations:

                  

Net realized gain (loss) on futures contracts

   $ (4,827,631   $     $      $      $      $      $ (4,827,631

Net realized gain (loss) on foreign currency contracts

           (1,014,250                                 (1,014,250
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $     (4,827,631   $     (1,014,250   $     —      $     —      $     —      $     —      $     (5,841,881
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:

                  

Net change in unrealized appreciation (depreciation) of futures contracts

   $ 221,336     $     $      $      $      $      $ 221,336  

Net change in unrealized appreciation (depreciation) of foreign currency contracts

           595,218                                   595,218  
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 221,336     $ 595,218     $      $      $      $      $ 816,554  
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

For the year ended October 31, 2020, the average monthly amount or number per contract outstanding for each derivative type was as follows:

 

Derivative Description

   Average Notional
Par, Contracts
or Face Amount
 

Futures Contracts Long at Number of Contracts

     1,343  

Futures Contracts Short at Number of Contracts

     (1,601

Foreign Currency Contracts Purchased at Contract Amount

   $ 2,422,373  

Foreign Currency Contracts Sold at Contract Amount

   $     24,828,279  

Strategic Income Fund

The Effect of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2020:

 

     Risk Exposure Category  
     Interest Rate
Contracts
     Foreign
Currency
Contracts
     Credit
Contracts
     Equity
Contracts
     Commodity
Contracts
     Other
Contracts
     Total  

Assets:

                    

Investments in securities, at value (purchased options), market value

   $ 99      $      $      $      $      $      $ 99  

Unrealized appreciation on futures contracts(1)

     36,620                                           36,620  

Unrealized appreciation on foreign currency contracts

            3,331,247                                    3,331,247  

Unrealized appreciation on swap contracts(2)

     641,568               711,706                             1,353,274  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 678,287      $     3,331,247      $ 711,706      $      $      $      $ 4,721,240  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Liabilities:

                    

Unrealized depreciation on futures contracts(1)

   $     2,977,609      $      $      $      $      $      $ 2,977,609  

Unrealized depreciation on foreign currency contracts

            789,224                                    789,224  

Written options, market value

     6,312,615                                           6,312,615  

Unrealized depreciation on swap contracts(2)

     145,719               4,434,810                             4,580,529  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 9,435,943      $ 789,224      $     4,434,810      $     —      $     —      $     —      $     14,659,977  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

  (1) 

Amount represents the cumulative appreciation and depreciation on futures contracts as disclosed within the Schedule of Investments under the open “Futures Contracts” section. Only current day’s variation margin, if any, is reported within the Statement of Assets and Liabilities.

  (2) 

Amount represents the cumulative appreciation and depreciation on centrally cleared swaps, if applicable, as disclosed within the Schedule of Investments. Only the current day’s variation margin, if any, are reported within the Statements of Assets and Liabilities. OTC swaps are reported within the Statement of Assets and Liabilities within Unrealized appreciation and depreciation on OTC swap contracts, if applicable.

 

 

  236  

 


Hartford Fixed Income Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

Strategic Income Fund – (continued)

 

The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2020:

 

     Risk Exposure Category  
     Interest Rate
Contracts
    Foreign
Currency
Contracts
    Credit
Contracts
    Equity
Contracts
     Commodity
Contracts
     Other
Contracts
     Total  

Realized Gain (Loss) on Derivatives Recognized as a Result of Operations:

                 

Net realized gain (loss) on futures contracts

   $ 13,818,992     $     $     $      $      $      $ 13,818,992  

Net realized gain (loss) on written options contracts

     31,843,186                                        31,843,186  

Net realized gain (loss) on swap contracts

     (509,240           (19,871,960                          (20,381,200

Net realized gain (loss) on foreign currency contracts

           (1,162,131                                (1,162,131
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $     45,152,938     $     (1,162,131   $     (19,871,960   $     —      $     —      $     —      $     24,118,847  
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:

                 

Net change in unrealized appreciation (depreciation) of investments in purchased options contracts

   $ (152,330   $     $     $      $      $      $ (152,330

Net change in unrealized appreciation (depreciation) of futures contracts

     (2,922,038                                      (2,922,038

Net change in unrealized appreciation (depreciation) of written options contracts

     (398,662                                      (398,662

Net change in unrealized appreciation (depreciation) of swap contracts

     2,620,150             (4,959,283                          (2,339,133

Net change in unrealized appreciation (depreciation) of foreign currency contracts

           2,729,010                                  2,729,010  
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ (852,880   $ 2,729,010     $ (4,959,283   $      $      $      $ (3,083,153
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

For the year ended October 31, 2020, the average monthly amount or number per contract outstanding for each derivative type was as follows:

 

Derivative Description

   Average Notional
Par, Contracts
or Face Amount
 

Purchased Options Contracts at Number of Contracts

     6,085,000  

Futures Contracts Long at Number of Contracts

     2,666  

Futures Contracts Short at Number of Contracts

     (209

Written Options Contracts at Number of Contracts

     (191,439,167

Swap Contracts at Notional Amount

   $     190,078,498  

Foreign Currency Contracts Purchased at Contract Amount

   $ 14,951,813  

Foreign Currency Contracts Sold at Contract Amount

   $ 164,433,762  

Total Return Bond Fund

The Effect of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2020:

 

     Risk Exposure Category  
     Interest Rate
Contracts
     Foreign
Currency
Contracts
     Credit
Contracts
     Equity
Contracts
     Commodity
Contracts
     Other
Contracts
     Total  

Assets:

                    

Investments in securities, at value (purchased options), market value

   $ 550,249      $      $      $      $      $      $ 550,249  

Unrealized appreciation on futures contracts(1)

     2,426,574                                           2,426,574  

Unrealized appreciation on foreign currency contracts

            593,182                                    593,182  

Unrealized appreciation on swap contracts(2)

     2,704,249               1,044,560                             3,748,809  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $     5,681,072      $     593,182      $     1,044,560      $     —      $     —      $     —      $ 7,318,814  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Liabilities:

                    

Unrealized depreciation on futures contracts(1)

   $ 1,797,022      $      $      $      $      $      $ 1,797,022  

Unrealized depreciation on foreign currency contracts

            7,972                                    7,972  

Written options, market value

     2,667,700                                           2,667,700  

Unrealized depreciation on swap contracts(2)

     6,422               5,654,474                             5,660,896  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 4,471,144      $ 7,972      $ 5,654,474      $      $      $      $     10,133,590  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

 

  237  

 


Hartford Fixed Income Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

Total Return Bond Fund – (continued)

 

  (1) 

Amount represents the cumulative appreciation and depreciation on futures contracts as disclosed within the Schedule of Investments under the open “Futures Contracts” section. Only current day’s variation margin, if any, is reported within the Statement of Assets and Liabilities.

  (2) 

Amount represents the cumulative appreciation and depreciation on centrally cleared swaps, if applicable, as disclosed within the Schedule of Investments. Only the current day’s variation margin, if any, are reported within the Statements of Assets and Liabilities. OTC swaps are reported within the Statement of Assets and Liabilities within Unrealized appreciation and depreciation on OTC swap contracts, if applicable.

The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2020:

 

     Risk Exposure Category  
     Interest Rate
Contracts
    Foreign
Currency
Contracts
     Credit
Contracts
    Equity
Contracts
     Commodity
Contracts
     Other
Contracts
     Total  

Realized Gain (Loss) on Derivatives Recognized as a Result of Operations:

                  

Net realized gain (loss) on purchased options contracts

   $ 2,186,913     $      $     $      $      $      $ 2,186,913  

Net realized gain (loss) on futures contracts

     (3,447,986                                       (3,447,986

Net realized gain (loss) on written options contracts

     14,410,937                                         14,410,937  

Net realized gain (loss) on swap contracts

     (24,137,909            (17,023,179                          (41,161,088

Net realized gain (loss) on foreign currency contracts

           2,700,184                                   2,700,184  
  

 

 

   

 

 

    

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $     (10,988,045   $     2,700,184      $     (17,023,179   $     —      $     —      $     —      $     (25,311,040
  

 

 

   

 

 

    

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:

                  

Net change in unrealized appreciation (depreciation) of investments in purchased options contracts

   $ (327,534   $      $     $      $      $      $ (327,534

Net change in unrealized appreciation (depreciation) of futures contracts

     (1,346,899                                       (1,346,899

Net change in unrealized (depreciation) of investments in written options contracts

     (516,850                                       (516,850

Net change in unrealized appreciation (depreciation) of swap contracts

     11,645,572              (6,651,134                          4,994,438  

Net change in unrealized appreciation (depreciation) of foreign currency contracts

           617,942                                   617,942  
  

 

 

   

 

 

    

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 9,454,289     $ 617,942      $ (6,651,134   $      $      $      $ 3,421,097  
  

 

 

   

 

 

    

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

For the year ended October 31, 2020, the average monthly amount or number per contract outstanding for each derivative type was as follows:

 

Derivative Description

   Average Notional
Par, Contracts
or Face Amount
 

Purchased Options Contracts at Number of Contracts

     24,729,167  

Futures Contracts Long at Number of Contracts

     1,620  

Futures Contracts Short at Number of Contracts

     (1,141

Written Options Contracts at Number of Contracts

         (483,250,000

Swap Contracts at Notional Amount

   $ 303,912,203  

Foreign Currency Contracts Purchased at Contract Amount

   $ 6,968,139  

Foreign Currency Contracts Sold at Contract Amount

   $ 62,195,513  

 

 

  238  

 


Hartford Fixed Income Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

World Bond Fund

The Effect of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2020:

 

     Risk Exposure Category  
     Interest Rate
Contracts
     Foreign
Currency
Contracts
     Credit
Contracts
     Equity
Contracts
     Commodity
Contracts
     Other
Contracts
     Total  

Assets:

                    

Investments in securities, at value (purchased options), market value

   $ 2,454,921      $ 1,029,099      $      $      $      $      $ 3,484,020  

Unrealized appreciation on futures contracts(1)

     2,752,834                                           2,752,834  

Unrealized appreciation on foreign currency contracts

            31,972,652                                    31,972,652  

Unrealized appreciation on swap contracts(2)

     1,118,959               3,156,099                             4,275,058  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $     6,326,714      $     33,001,751      $     3,156,099      $     —      $     —      $     —      $     42,484,564  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Liabilities:

                    

Unrealized depreciation on futures contracts(1)

   $ 1,385,895      $      $      $      $      $      $ 1,385,895  

Unrealized depreciation on foreign currency contracts

            55,002,667                                    55,002,667  

Written options, market value

     636,297        71,600                                    707,897  

Unrealized depreciation on swap contracts(2)

     2,784,084               1,440,262                             4,224,346  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 4,806,276      $ 55,074,267      $ 1,440,262      $      $      $      $ 61,320,805  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

  (1)

Amount represents the cumulative appreciation and depreciation on futures contracts as disclosed within the Schedule of Investments under the open “Futures Contracts” section. Only current day’s variation margin, if any, is reported within the Statement of Assets and Liabilities.

  (2) 

Amount represents the cumulative appreciation and depreciation on centrally cleared swaps, if applicable, as disclosed within the Schedule of Investments. Only the current day’s variation margin, if any, are reported within the Statements of Assets and Liabilities. OTC swaps are reported within the Statement of Assets and Liabilities within Unrealized appreciation and depreciation on OTC swap contracts, if applicable.

The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2020:

 

     Risk Exposure Category  
     Interest Rate
Contracts
    Foreign
Currency
Contracts
    Credit
Contracts
    Equity
Contracts
     Commodity
Contracts
     Other
Contracts
     Total  

Realized Gain (Loss) on Derivatives Recognized as a Result of Operations:

                 

Net realized gain (loss) on purchased options contracts

   $ 5,707,954     $ (4,115,345   $     $      $      $      $ 1,592,609  

Net realized gain (loss) on futures contracts

     (33,930,586                                      (33,930,586

Net realized gain (loss) on written options contracts

     2,577,869       742,509                                  3,320,378  

Net realized gain (loss) on swap contracts

     (1,376,807           (10,700,159                          (12,076,966

Net realized gain (loss) on foreign currency contracts

           (110,787,738                                (110,787,738
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $     (27,021,570   $     (114,160,574   $     (10,700,159   $     —      $     —      $     —      $     (151,882,303
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:

                 

Net change in unrealized appreciation (depreciation) of investments in purchased options contracts

   $ (3,765,357   $ (1,596,475   $     $      $      $      $ (5,361,832

Net change in unrealized appreciation (depreciation) of futures contracts

     4,181,204                                        4,181,204  

Net change in unrealized appreciation (depreciation) of written options contracts

     389,035       1,375,356                                  1,764,391  

Net change in unrealized appreciation (depreciation) of swap contracts

     (633,555           3,335,939                            2,702,384  

Net change in unrealized appreciation (depreciation) of foreign currency contracts

           13,772,550                                  13,772,550  
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 171,327     $ 13,551,431     $ 3,335,939     $      $      $      $ 17,058,697  
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

 

 

  239  

 


Hartford Fixed Income Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

World Bond Fund – (continued)

 

For the year ended October 31, 2020, the average monthly amount or number per contract outstanding for each derivative type was as follows:

 

Derivative Description

   Average Notional
Par, Contracts
or Face Amount
 

Purchased Options Contracts at Number of Contracts

     409,328,423  

Futures Contracts Long at Number of Contracts

     5,284  

Futures Contracts Short at Number of Contracts

     (5,169

Written Options Contracts at Number of Contracts

     (346,015,007

Swap Contracts at Notional Amount

   $     25,925,690,511  

Foreign Currency Contracts Purchased at Contract Amount

   $ 6,424,657,786  

Foreign Currency Contracts Sold at Contract Amount

   $ 8,608,480,393  

 

  g)

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

The following tables present a Fund’s derivative assets and liabilities, presented on a gross basis as no amounts are netted within the Statements of Assets and Liabilities, by counterparty net of amounts available for offset under a master netting agreement or similar agreement (“MNA”) and net of the related collateral received/pledged by a Fund as of October 31, 2020:

Emerging Markets Local Debt Fund

 

Derivative Financial Instruments:

   Assets     Liabilities  

Foreign currency contracts

   $ 959,098     $ (1,258,789

Futures contracts

     33,718       (36,396

Purchased options

     137,742        

Swap contracts

     178,935       (246,987

Written options

           (201,488
  

 

 

   

 

 

 

Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities

     1,309,493       (1,743,660
  

 

 

   

 

 

 

Derivatives not subject to a MNA

     (153,491     170,316  
  

 

 

   

 

 

 

Total gross amount of assets and liabilities subject to MNA or similar agreements

   $     1,156,002     $     (1,573,344
  

 

 

   

 

 

 

 

Counterparty

   Gross Amount
of Assets
     Financial
Instruments
and Derivatives
Available
for Offset
    Non-cash
Collateral
Received*
     Cash
Collateral
Received*
     Net Amount
of Assets
 

Banc of America Securities LLC

   $ 38,710      $ (20,316   $      $      $ 18,394  

Barclays

     30,496        (9,689                   20,807  

BNP Paribas Securities Services

     270,986        (270,986                    

Citibank NA

     186,729        (179,566                   7,163  

Deutsche Bank Securities, Inc.

     10,120        (4,744                   5,376  

Goldman Sachs & Co.

     301,018        (301,018                    

HSBC Bank USA

     79,453        (11,886                   67,567  

JP Morgan Chase & Co.

     31,646        (31,646                    

Morgan Stanley

     157,459        (157,459                    

RBS Greenwich Capital

     2,489                            2,489  

Standard Chartered Bank

     35,249        (2,628                   32,621  

UBS AG

     11,647        (11,647                    
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Total

   $     1,156,002      $     (1,001,585   $     —      $     —      $     154,417  
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

 

 

  240  

 


Hartford Fixed Income Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

Emerging Markets Local Debt Fund – (continued)

 

Counterparty

   Gross Amount
of Liabilities
    Financial
Instruments
and Derivatives
Available
for Offset
     Non-cash
Collateral
Pledged*
     Cash
Collateral
Pledged*
     Net Amount
of Liabilities
 

Banc of America Securities LLC

   $ (20,316   $ 20,316      $      $      $  

Barclays

     (9,689     9,689                       

BNP Paribas Securities Services

     (400,650     270,986                      (129,664

Citibank NA

     (179,566     179,566                       

Deutsche Bank Securities, Inc.

     (4,744     4,744                       

Goldman Sachs & Co.

     (502,079     301,018                      (201,061

HSBC Bank USA

     (11,886     11,886                       

JP Morgan Chase & Co.

     (168,602     31,646               50,000        (86,956

Morgan Stanley

     (167,205     157,459               9,746         

Standard Chartered Bank

     (2,628     2,628                       

State Street Global Markets LLC

     (878                          (878

Toronto-Dominion Bank

     (1,888                          (1,888

UBS AG

     (103,213     11,647                      (91,566
  

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $     (1,573,344   $     1,001,585      $     —      $     59,746      $     (512,013
  

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

 

  *

In some instances, the actual collateral received and/or pledged may be more than the amount shown.

Floating Rate Fund

 

Derivative Financial Instruments:

   Assets      Liabilities  

Foreign currency contracts

   $ 4,416,130      $ (459,134

Swap contracts

     3,039,627        (231,943
  

 

 

    

 

 

 

Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities

   $ 7,455,757      $ (691,077
  

 

 

    

 

 

 

Derivatives not subject to a MNA

             
  

 

 

    

 

 

 

Total gross amount of assets and liabilities subject to MNA or similar agreements

   $     7,455,757      $     (691,077
  

 

 

    

 

 

 

 

Counterparty

   Gross Amount
of Assets
    Financial
Instruments
and Derivatives
Available
for Offset
    Non-cash
Collateral
Received*
     Cash
Collateral
Received*
    Net Amount
of Assets
 

Barclays

   $ 618,953     $     $      $ (530,000   $ 88,953  

Citibank NA

     4,268,263       (145,866                  4,122,397  

Goldman Sachs & Co.

     124,454       (124,454                   

Morgan Stanley

     2,391,301       (47,666            (1,790,000     553,635  

UBS AG

     52,786       (52,786                   
  

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

Total

   $     7,455,757     $     (370,772)     $     —      $     (2,320,000)     $     4,764,985  
  

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

Counterparty

   Gross Amount
of Liabilities
    Financial
Instruments
and Derivatives
Available
for Offset
    Non-cash
Collateral
Pledged*
     Cash
Collateral
Pledged*
    Net Amount
of Liabilities
 

Citibank NA

   $ (145,866   $ 145,866     $      $     $  

Goldman Sachs & Co.

     (150,147)       124,454                    (25,693

JP Morgan Chase & Co.

     (34,130                        (34,130

Morgan Stanley

     (47,666     47,666                     

RBC Dominion Securities, Inc.

     (23,733                        (23,733

UBS AG

     (289,535     52,786                    (236,749
  

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

Total

   $     (691,077)     $     370,772     $     —      $     $     (320,305)  
  

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

 

  *

In some instances, the actual collateral received and/or pledged may be more than the amount shown.

 

 

  241  

 


Hartford Fixed Income Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

Floating Rate High Income Fund

 

Derivative Financial Instruments:

   Assets      Liabilities  

Foreign currency contracts

   $ 1,010,538      $ (107,115

Swap contracts

     807,831        (61,753
  

 

 

    

 

 

 

Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities

     1,818,369        (168,868
  

 

 

    

 

 

 

Derivatives not subject to a MNA

             
  

 

 

    

 

 

 

Total gross amount of assets and liabilities subject to MNA or similar agreements

   $     1,818,369      $     (168,868
  

 

 

    

 

 

 

 

Counterparty

   Gross Amount
of Assets
    Financial
Instruments
and Derivatives
Available
for Offset
    Non-cash
Collateral
Received*
     Cash
Collateral
Received*
    Net Amount
of Assets
 

Barclays

   $ 335,010     $     $      $ (335,010   $  

Citibank NA

     952,205       (5,361                  946,844  

JP Morgan Chase & Co.

     40,821       (9,058                  31,763  

Morgan Stanley

     490,333       (12,706            (260,000     217,627  
  

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

Total

   $     1,818,369     $     (27,125)     $     —      $     (595,010)     $     1,196,234  
  

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

Counterparty

   Gross Amount
of Liabilities
    Financial
Instruments
and Derivatives
Available
for Offset
    Non-cash
Collateral
Pledged*
     Cash
Collateral
Pledged*
    Net Amount
of Liabilities
 

Citibank NA

   $ (5,361   $ 5,361     $      $     $  

Goldman Sachs & Co.

     (135,551)                          (135,551

JP Morgan Chase & Co.

     (9,058     9,058                     

Morgan Stanley

     (12,706     12,706                     

RBC Dominion Securities, Inc.

     (6,192                        (6,192
  

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

Total

   $ (168,868)     $ 27,125     $      $     $ (141,743)  
  

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

 

  *

In some instances, the actual collateral received and/or pledged may be more than the amount shown.

High Yield Fund

 

Derivative Financial Instruments:

   Assets      Liabilities  

Foreign currency contracts

   $ 365,224      $ (144
  

 

 

    

 

 

 

Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities

     365,224        (144
  

 

 

    

 

 

 

Derivatives not subject to a MNA

             
  

 

 

    

 

 

 

Total gross amount of assets and liabilities subject to MNA or similar agreements

   $     365,224      $     (144
  

 

 

    

 

 

 

 

Counterparty

   Gross Amount
of Assets
     Financial
Instruments
and Derivatives
Available
for Offset
     Non-cash
Collateral
Received*
     Cash
Collateral
Received*
     Net Amount
of Assets
 

Citibank NA

   $     365,224      $     (144)      $     —      $     —      $     365,080  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Counterparty

   Gross Amount
of Liabilities
     Financial
Instruments
and Derivatives
Available
for Offset
     Non-cash
Collateral
Pledged*
     Cash
Collateral
Pledged*
     Net Amount
of Liabilities
 

Citibank NA

   $ (144)      $ 144      $      $      $  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

  *

In some instances, the actual collateral received and/or pledged may be more than the amount shown.

 

 

  242  

 


Hartford Fixed Income Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

Inflation Plus Fund

 

Derivative Financial Instruments:

   Assets     Liabilities  

Bond forward contracts

   $     $ (220,308

Foreign currency contracts

     814,245       (405,898

Futures contracts

     585,812       (660,035

Purchased options

     47        

Swap contracts

     1,913,014       (2,241,073
  

 

 

   

 

 

 

Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities

     3,313,118       (3,527,314
  

 

 

   

 

 

 

Derivatives not subject to a MNA

     (621,691     1,721,378  
  

 

 

   

 

 

 

Total gross amount of assets and liabilities subject to MNA or similar agreements

   $     2,691,427     $     (1,805,936
  

 

 

   

 

 

 

 

Counterparty

   Gross Amount
of Assets
    Financial
Instruments
and Derivatives
Available
for Offset
    Non-cash
Collateral
Received*
     Cash
Collateral
Received*
    Net Amount
of Assets
 

Banc of America Securities LLC

   $ 370,757     $ (370,757   $      $     $  

BNP Paribas Securities Services

     199,299       (44,433                  154,866  

Citibank NA

     1,137,868                    (620,000     517,868  

Goldman Sachs & Co.

     795,209       (84,053                  711,156  

JP Morgan Chase & Co.

     188,294       (13,877                  174,417  
  

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

Total

   $ 2,691,427     $ (513,120   $      $     (620,000   $     1,558,307  
  

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

Counterparty

   Gross Amount
of Liabilities
    Financial
Instruments
and Derivatives
Available
for Offset
    Non-cash
Collateral
Pledged*
     Cash
Collateral
Pledged*
    Net Amount
of Liabilities
 

Banc of America Securities LLC

   $ (424,662   $ 370,757     $      $     $ (53,905

Barclays

     (1,141,078           797,297              (343,781

BNP Paribas Securities Services

     (44,433     44,433                     

Goldman Sachs & Co.

     (84,053     84,053                     

JP Morgan Chase & Co.

     (13,877     13,877                     

Morgan Stanley

     (97,680                        (97,680

State Street Global Markets LLC

     (153                        (153
  

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

Total

   $     (1,805,936   $     513,120     $     797,297      $     $ (495,519
  

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

 

  *

In some instances, the actual collateral received and/or pledged may be more than the amount shown.

Short Duration Fund

 

Derivative Financial Instruments:

   Assets     Liabilities  

Foreign currency contracts

   $ 469,579     $ (5,874

Futures contracts

     518,479       (39,156
  

 

 

   

 

 

 

Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities

     988,058       (45,030
  

 

 

   

 

 

 

Derivatives not subject to a MNA

     (518,479     39,156  
  

 

 

   

 

 

 

Total gross amount of assets and liabilities subject to MNA or similar agreements

   $     469,579     $     (5,874
  

 

 

   

 

 

 

 

Counterparty

   Gross Amount
of Assets
    Financial
Instruments
and Derivatives
Available
for Offset
    Non-cash
Collateral
Received*
     Cash
Collateral
Received*
     Net Amount
of Assets
 

Citibank NA

   $ 463,815     $     $      $      $ 463,815  

Toronto-Dominion Bank

     5,764       (5,764                    
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

 

Total

   $     469,579     $     (5,764   $     —      $     —      $     463,815  
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

 

Counterparty

   Gross Amount
of Liabilities
    Financial
Instruments
and Derivatives
Available
for Offset
    Non-cash
Collateral
Pledged*
     Cash
Collateral
Pledged*
     Net Amount
of Liabilities
 

Toronto-Dominion Bank

   $ (5,874   $ 5,764     $      $      $ (110
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

 

 

  *

In some instances, the actual collateral received and/or pledged may be more than the amount shown.

 

 

  243  

 


Hartford Fixed Income Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

Strategic Income Fund

 

Derivative Financial Instruments:

   Assets     Liabilities  

Foreign currency contracts

   $ 3,331,247     $ (789,224

Futures contracts

     36,620       (2,977,609

Purchased options

     99        

Swap contracts

     1,353,274       (4,580,529

Written options

           (6,312,615
  

 

 

   

 

 

 

Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities

     4,721,240       (14,659,977
  

 

 

   

 

 

 

Derivatives not subject to a MNA

     (1,241,943     3,156,564  
  

 

 

   

 

 

 

Total gross amount of assets and liabilities subject to MNA or similar agreements

   $     3,479,297     $     (11,503,413
  

 

 

   

 

 

 

 

Counterparty

   Gross Amount
of Assets
    Financial
Instruments
and Derivatives
Available
for Offset
    Non-cash
Collateral
Received*
     Cash
Collateral
Received*
     Net Amount
of Assets
 

Australia and New Zealand Banking Group

   $ 40     $     $      $      $ 40  

Banc of America Securities LLC

     103,494       (103,494                    

Bank of Montreal

     145,268                           145,268  

Barclays

     178,698       (178,698                    

BNP Paribas Securities Services

     46,738       (5,109                   41,629  

Canadian Imperial Bank of Commerce

     269,371       (13                   269,358  

Citibank NA

     1,308,465       (74                   1,308,391  

Deutsche Bank Securities, Inc.

     46,275       (46,275                    

Goldman Sachs & Co.

     155,768       (155,768                    

HSBC Bank USA

     439,756       (12,771                   426,985  

JP Morgan Chase & Co.

     30,363       (30,363                    

Morgan Stanley

     8,702       (8,702                    

RBC Dominion Securities, Inc.

     521                           521  

Standard Chartered Bank

     57,859       (99                   57,760  

State Street Global Markets LLC

     311,362       (311,362                    

UBS AG

     339,179       (31,152                   308,027  

Westpac International

     37,438                           37,438  
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

 

Total

   $ 3,479,297     $     (883,880)     $      $      $ 2,595,417  
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

 

Counterparty

   Gross Amount
of Liabilities
    Financial
Instruments
and Derivatives
Available
for Offset
    Non-cash
Collateral
Pledged*
     Cash
Collateral
Pledged*
     Net Amount
of Liabilities
 

Banc of America Securities LLC

   $ (3,235,481   $ 103,494     $ 961,898      $      $ (2,170,089

Barclays

     (180,227)       178,698       1,529                

BNP Paribas Securities Services

     (5,109)       5,109                      

Canadian Imperial Bank of Commerce

     (13)       13                      

Citibank NA

     (74)       74                      

Credit Suisse First Boston Corp.

     (953,031)             953,031                

Credit Suisse International

     (544,082)                           (544,082

Deutsche Bank Securities, Inc.

     (1,419,596)       46,275       1,373,321                

Goldman Sachs & Co.

     (3,596,605     155,768       3,440,837                

HSBC Bank USA

     (12,771     12,771                      

JP Morgan Chase & Co.

     (231,142     30,363                     (200,779

Morgan Stanley

     (905,046     8,702       896,344                

Standard Chartered Bank

     (99     99                      

State Street Global Markets LLC

     (388,985     311,362                     (77,623

UBS AG

     (31,152     31,152                      
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

 

Total

   $     (11,503,413)     $ 883,880     $     7,626,960      $     —      $     (2,992,573)  
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

 

 

  *

In some instances, the actual collateral received and/or pledged may be more than the amount shown.

 

 

  244  

 


Hartford Fixed Income Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

Total Return Bond Fund

 

Derivative Financial Instruments:

   Assets     Liabilities  

Foreign currency contracts

   $ 593,182     $ (7,972

Futures contracts

     2,426,574       (1,797,022

Purchased options

     550,249        

Swap contracts

     3,748,809       (5,660,896

Written options

           (2,667,700
  

 

 

   

 

 

 

Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities

     7,318,814       (10,133,590
  

 

 

   

 

 

 

Derivatives not subject to a MNA

     (6,138,069     1,803,444  
  

 

 

   

 

 

 

Total gross amount of assets and liabilities subject to MNA or similar agreements

   $     1,180,745     $     (8,330,146
  

 

 

   

 

 

 

 

Counterparty

   Gross Amount
of Assets
    Financial
Instruments
and Derivatives
Available
for Offset
    Non-cash
Collateral
Received*
     Cash
Collateral
Received*
     Net Amount
of Assets
 

Banc of America Securities LLC

   $ 207     $     $      $      $ 207  

BNP Paribas Securities Services

     736       (736                    

Citibank NA

     128,341                           128,341  

Credit Suisse International

     5       (5                    

Goldman Sachs & Co.

     193,305       (193,305                    

HSBC Bank USA

     278,173                           278,173  

JP Morgan Chase & Co.

     12,186       (12,186                    

Morgan Stanley

     391,022       (391,022                    

Standard Chartered Bank

     15,822                           15,822  

State Street Global Markets LLC

     1,825       (124                   1,701  

UBS AG

     159,123                           159,123  
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

 

Total

   $ 1,180,745     $     (597,378)     $      $      $ 583,367  
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

 

Counterparty

   Gross Amount
of Liabilities
    Financial
Instruments
and Derivatives
Available
for Offset
    Non-cash
Collateral
Pledged*
     Cash
Collateral
Pledged*
     Net Amount
of Liabilities
 

Barclays

   $ (78,986   $     $      $      $ (78,986

BNP Paribas Securities Services

     (1,224,330)       736                     (1,223,594

Credit Suisse International

     (559,752)       5              455,000        (104,747

Deutsche Bank Securities, Inc.

     (231,221)             231,221                

Goldman Sachs & Co.

     (3,656,164     193,305                     (3,462,859

JP Morgan Chase & Co.

     (247,679     12,186                     (235,493

Morgan Stanley

     (2,331,890     391,022       1,940,868                

State Street Global Markets LLC

     (124     124                      
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

 

Total

   $     (8,330,146)     $ 597,378     $     2,172,089      $     455,000      $     (5,105,679)  
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

 

 

  *

In some instances, the actual collateral received and/or pledged may be more than the amount shown.

World Bond Fund

 

Derivative Financial Instruments:

   Assets     Liabilities  

Foreign currency contracts

   $ 31,972,652     $ (55,002,667

Futures contracts

     2,752,834       (1,385,895

Purchased options

     3,484,020        

Swap contracts

     4,275,058       (4,224,346

Written options

           (707,897
  

 

 

   

 

 

 

Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities

     42,484,564       (61,320,805
  

 

 

   

 

 

 

Derivatives not subject to a MNA

     (8,228,735     5,877,784  
  

 

 

   

 

 

 

Total gross amount of assets and liabilities subject to MNA or similar agreements

   $     34,255,829     $     (55,443,021
  

 

 

   

 

 

 

 

 

  245  

 


Hartford Fixed Income Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

World Bond Fund – (continued)

 

Counterparty

   Gross Amount
of Assets
    Financial
Instruments
and Derivatives
Available for
Offset
    Non-cash
Collateral
Received*
     Cash
Collateral
Received*
     Net Amount
of Assets
 

Banc of America Securities LLC

   $ 1,960,071     $ (851,851   $      $      $ 1,108,220  

Barclays

     2,898,123       (2,898,123                    

BNP Paribas Securities Services

     819,731       (819,731                    

Citibank NA

     3,779,808       (3,779,808                    

Credit Suisse First Boston Corp.

     29,742       (17,125                   12,617  

Goldman Sachs & Co.

     5,346,011       (5,346,011                    

HSBC Bank USA

     850,287       (850,287                    

JP Morgan Chase & Co.

     6,764,683       (6,764,683                    

Morgan Stanley

     9,725,954       (9,725,954                    

Standard Chartered Bank

     170,659       (170,659                    

State Street Global Markets LLC

     209,632       (979                   208,653  

Toronto-Dominion Bank

     326,275       (326,275                    

UBS AG

     1,374,853       (896,419                   478,434  
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

 

Total

   $     34,255,829     $     (32,447,905   $     —      $     —      $     1,807,924  
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

 

Counterparty

   Gross Amount
of Liabilities
    Financial
Instruments
and Derivatives
Available
for Offset
    Non-cash
Collateral
Pledged*
     Cash
Collateral
Pledged*
     Net Amount
of Liabilities
 

Banc of America Securities LLC

   $ (851,851   $ 851,851     $      $      $  

Barclays

     (6,376,011     2,898,123                     (3,477,888

BNP Paribas Securities Services

     (892,491     819,731                     (72,760

Canadian Imperial Bank of Commerce

     (27,057                         (27,057

Citibank NA

     (3,978,222     3,779,808                     (198,414

Credit Suisse First Boston Corp.

     (17,125     17,125                      

Deutsche Bank Securities, Inc.

     (54,433                         (54,433

Goldman Sachs & Co.

     (7,923,261     5,346,011                     (2,577,250

HSBC Bank USA

     (8,897,371     850,287       8,047,084                

JP Morgan Chase & Co.

     (9,581,571     6,764,683       4,096               (2,812,792

Morgan Stanley

     (15,329,090     9,725,954              3,825,000        (1,778,136

Standard Chartered Bank

     (274,395     170,659                     (103,736

State Street Global Markets LLC

     (979     979                      

Toronto-Dominion Bank

     (328,609     326,275                     (2,334

UBS AG

     (896,419     896,419                      

Westpac International

     (14,136                         (14,136
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

 

Total

   $     (55,443,021   $     32,447,905     $     8,051,180      $     3,825,000      $     (11,118,936
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

 

 

  *

In some instances, the actual collateral received and/or pledged may be more than the amount shown.

 

5.

Principal Risks:

A Fund’s investments expose it to various types of risks associated with financial instruments and the markets. A Fund may be exposed to the risks described below. Each Fund’s prospectus provides details of its principal risks.

A widespread health crisis, such as a global pandemic, could cause substantial market volatility, exchange trading suspensions or restrictions and closures of securities exchanges and businesses, impact the ability to complete redemptions, and adversely impact Fund performance. The current ongoing outbreak of COVID-19, a respiratory disease caused by a novel coronavirus, has negatively affected the worldwide economy, the financial health of individual companies and the market in significant and unforeseen ways. The future impact of the ongoing COVID-19 pandemic remains unclear. The effects to public health, business and market conditions resulting from COVID-19 pandemic may have a significant negative impact on the performance of a Fund’s investments, including exacerbating other pre-existing political, social and economic risks.

Certain investments held by a Fund expose the Fund to various risks which may include, but are not limited to, interest rate, prepayment, and extension risks. Interest rate risk is the risk that fixed income securities will decline in value because of changes in interest rates. As nominal interest rates rise, the values of certain fixed income securities held by a Fund are likely to decrease. A nominal interest rate can be described as the sum of a real interest rate and an expected inflation rate. Fixed income securities with longer durations tend to be more sensitive to changes in interest rates, usually making them more volatile than securities with shorter durations. Duration is useful primarily as a measure of the sensitivity of a fixed income security’s market price to interest rate (i.e., yield) movements. Senior floating rate interests and securities subject to prepayment and extension risk generally offer less potential for gains when interest rates decline. Rising interest rates may cause prepayments to

 

 

  246  

 


Hartford Fixed Income Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

occur at a slower than expected rate, thereby effectively lengthening the maturity of the security and making the security more sensitive to interest rate changes. Prepayment and extension risk are major risks of mortgage-backed securities, senior floating rate interests and certain asset-backed securities. For certain asset-backed securities, the actual maturity may be less than the stated maturity shown in the Schedule of Investments, if applicable. As a result, the timing of income recognition relating to these securities may vary based upon the actual maturity.

Investing in the securities of non-U.S. issuers, whether directly or indirectly, involves certain considerations and risks not typically associated with securities of U.S. issuers. Such risks include, but are not limited to: generally less liquid and less efficient securities markets; generally greater price volatility; exchange rate fluctuations; imposition of restrictions on the expatriation of funds or other protectionist measures; less publicly available information about issuers; the imposition of withholding or other taxes; higher transaction and custody costs; settlement delays and risk of loss attendant in settlement procedures; difficulties in enforcing contractual obligations; less regulation of securities markets; different accounting, disclosure and reporting requirements; more substantial governmental involvement in the economy; higher inflation rates; and greater social, economic and political uncertainties. Non-U.S. issuers may also be affected by political, social, economic or diplomatic developments in a foreign country or region or the U.S. (including the imposition of sanctions, tariffs, or other governmental restrictions). These risks are heightened for investments in issuers from countries with less developed markets.

Securities lending involves the risk that a Fund may lose money because the borrower of the loaned securities fails to return the securities in a timely manner or at all. A Fund could also lose money in the event of a decline in the value of the collateral provided for the loaned securities or a decline in the value of any investments made with cash collateral. These events could also trigger adverse tax consequences for a Fund that lends its holdings.

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

The Funds may invest in certain debt securities, derivatives or other financial instruments that utilize the London Interbank Offered Rate (“LIBOR”) as a “benchmark” or “reference rate” for various interest rate calculations. The use of LIBOR is expected to be phased out by the end of 2021. There remains uncertainty regarding the future use of LIBOR and the nature of any replacement rate. As such, the potential effect of a transition away from LIBOR on a Fund or the LIBOR-based instruments in which the Fund invests cannot yet be determined. The transition process away from LIBOR may involve, among other things, increased volatility or illiquidity in markets for instruments that currently rely on LIBOR. The transition process may also result in a reduction in the value of certain instruments held by a Fund or reduce the effectiveness of related Fund transactions, such as hedges. Volatility, the potential reduction in value, and/or the hedge effectiveness of financial instruments may be heightened for financial instruments that do not include fallback provisions that address the cessation of LIBOR. Any potential effects of the transition away from LIBOR on the Fund or on financial instruments in which a Fund invests, as well as other unforeseen effects, could result in losses to the Fund. Since the usefulness of LIBOR as a benchmark or reference rate could deteriorate during the transition period, these effects could occur prior to and/or subsequent to the end of 2021.

 

6.

Federal Income Taxes:

 

  a)

Each Fund intends to continue to qualify as a Regulated Investment Company (“RIC”) under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net investment income and net realized capital gains to its shareholders each year. Each Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2020. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes.

 

  b)

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

 

 

  247  

 


Hartford Fixed Income Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

  c)

Distributions and Components of Distributable Earnings – The tax character of distributions paid by each Fund for the years ended October 31, 2020 and October 31, 2019 are as follows:

 

     For the Year Ended
October 31, 2020
     For the Year Ended
October 31, 2019
 

Fund

   Tax Exempt
Income
     Ordinary
Income
     Long-Term
Capital Gains(1)
     Tax Return of
Capital
     Tax Exempt
Income
     Ordinary
Income
     Tax Return of
Capital
 

Emerging Markets Local Debt Fund

   $      $      $      $     4,330,525      $      $ 7,563,869      $ 4,095,684  

Floating Rate Fund

            85,400,256                                 183,423,925            6,288,367  

Floating Rate High Income Fund

            14,415,837                             28,580,041        1,189,654  

High Yield Fund

            15,831,246                             17,144,881         

Inflation Plus Fund

            8,637,674                             18,998,241         

Municipal Income Fund

     1,059,845        205,094            64,053               801,239        40,909         

Municipal Opportunities Fund

         26,196,378        587,352                          23,929,036        944,941         

Municipal Short Duration Fund

     379,909        68,677                      435,101        29,288         

Short Duration Fund

            34,553,416                             34,696,930         

Strategic Income Fund

            35,515,872                             32,648,272         

Total Return Bond Fund

            65,660,915                             72,784,613         

World Bond Fund

                131,872,061                             233,833,492         

 

  (1)

The Funds designate these distributions as long-term capital gain dividends pursuant to IRC Sec 852(b)(3)(c).

As of October 31, 2020, the components of total accumulated earnings (deficit) for each Fund on a tax basis are as follows:

 

Fund

   Undistributed
Ordinary
Income
     Undistributed
Long-Term
Capital Gain
     Accumulated
Capital and
Other Losses
    Other
Temporary
Differences
    Unrealized
Appreciation
(Depreciation) on
Investments
    Total
Accumulated
Earnings
(Deficit)
 

Emerging Markets Local Debt Fund

   $      $      $ (70,850,402   $ (96,004   $ (2,342,327   $ (73,288,733

Floating Rate Fund

     2,602,635                   (468,590,944     (987,124         (100,106,221         (567,081,654

Floating Rate High Income Fund

                   (60,933,568     (5,278     (13,562,934     (74,501,780

High Yield Fund

     188,884               (24,432,988     (21,871     3,911,184       (20,354,791

Inflation Plus Fund

     8,200,160               (67,759,579     (35,720     13,103,961       (46,491,178

Municipal Income Fund

                   (27,478     (313     2,393,103       2,365,312  

Municipal Opportunities Fund

                   (1,597,170     (289,153     52,049,631       50,163,308  

Municipal Short Duration Fund

                3,123                    377,031       380,154  

Short Duration Fund

     1,158,979               (11,031,924     (227,894     28,102,671       18,001,832  

Strategic Income Fund

         20,834,601               (5,442,476     (1,476,011     (891,523     13,024,591  

Total Return Bond Fund

     23,238,332                         (15,570,231     124,711,743       132,379,844  

World Bond Fund

     20,307,568               (7,643,233     (7,645,617     46,666,446       51,685,164  

 

  d)

Reclassification of Capital Accounts – The Funds may record reclassifications in their capital accounts. These reclassifications have no impact on the total net assets of the Funds. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as distribution in excess and net operating loss. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Funds’ distributions may be shown in the accompanying Statements of Changes in Net Assets as from distributable earnings or from capital depending on the type of book and tax differences that exist. For the year ended October 31, 2020, the Funds recorded reclassifications to increase (decrease) the accounts listed below:

 

Fund

   Capital Stock and
Paid-in-Capital
    Distributable
Earnings (Loss)
 

Emerging Markets Local Debt Fund

   $     (7,112,563   $     7,112,563  

Floating Rate High Income Fund

     (120,002     120,002  

Municipal Income Fund

     (271     271  

Municipal Opportunities Fund

     (200,809     200,809  

 

 

  248  

 


Hartford Fixed Income Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

  e)

Tax Basis of Investments – The aggregate cost of investments for federal income tax purposes at October 31, 2020 is different from book purposes primarily due to wash sale loss deferrals. The net unrealized appreciation/(depreciation) on investments for tax purposes, which consists of gross unrealized appreciation and depreciation was also different from book purposes primarily due to wash sale loss deferrals and mark-to-market adjustments on swaps, forwards, futures and options. Both the cost and unrealized appreciation and depreciation for federal income tax purposes are disclosed below:

 

Fund

   Tax Cost      Gross Unrealized
Appreciation
     Gross Unrealized
(Depreciation)
    Net Unrealized
Appreciation
(Depreciation)
 

Emerging Markets Local Debt Fund

   $ 64,916,046      $ 2,385,424      $ (4,710,374   $ (2,324,950

Floating Rate Fund

         2,001,289,342        21,213,653            (120,919,369         (99,705,716

Floating Rate High Income Fund

     356,120,799        5,333,867        (18,841,583     (13,507,716

High Yield Fund

     349,685,761        13,123,399        (9,209,217     3,914,182  

Inflation Plus Fund

     517,659,999        19,917,475        (6,880,519     13,036,956  

Municipal Income Fund

     80,620,957        2,736,072        (342,969     2,393,103  

Municipal Opportunities Fund

     1,397,459,673        58,574,695        (6,525,064     52,049,631  

Municipal Short Duration Fund

     25,007,400        482,277        (105,246     377,031  

Short Duration Fund

     1,635,495,596        38,472,135        (10,419,967     28,052,168  

Strategic Income Fund

     1,805,544,961        42,152,921        (42,985,383     (832,462

Total Return Bond Fund

     3,602,560,589            160,208,509        (35,498,916     124,709,593  

World Bond Fund

     4,377,583,244        96,513,211        (49,338,523     47,174,688  

 

  f)

Capital Loss Carryforward – Under the Regulated Investment Company Modernization Act of 2010, funds are permitted to carry forward capital losses for an unlimited period of time.

At October 31, 2020 (tax year end), each Fund’s capital loss carryforwards for U.S. federal income tax purposes were as follows:

 

Fund

   Short-Term
Capital Loss
Carryforward with
No Expiration
    Long-Term
Capital Loss
Carryforward with
No Expiration
 

Emerging Markets Local Debt Fund

   $     18,651,992     $ 52,198,410  

Floating Rate Fund

     46,496,359           422,094,585  

Floating Rate High Income Fund

     5,773,723       55,159,845  

High Yield Fund

     1,018,722       23,414,266  

Inflation Plus Fund

     11,577,143       56,182,436  

Municipal Income Fund

     27,478        

Municipal Opportunities Fund

     1,597,170      

Short Duration Fund

     4,201,474       6,830,450  

Strategic Income Fund

     4,153,131     1,289,345

World Bond Fund

           7,643,233  

 

  *

Future utilization of losses are subject to limitation under current tax laws.

The Municipal Short Duration Fund and Total Return Bond Fund had no capital loss carryforwards for U.S. federal income tax purposes as of October 31, 2020.

During the year ended October 31, 2020 Inflation Plus Fund utilized $15,911,444, Municipal Opportunities Fund utilized $2,601,021, Strategic Income Fund utilized $11,167,981 and Total Return Bond Fund utilized $18,649,030 of prior capital loss carryforwards respectively.

 

  g)

Accounting for Uncertainty in Income Taxes – Pursuant to provisions set forth by U.S. GAAP, Hartford Funds Management Company, LLC (“HFMC”) reviews each Fund’s tax positions for all open tax years. As of October 31, 2020, HFMC had reviewed the open tax years and concluded that there was no reason to record a liability for net unrecognized tax obligations relating to uncertain income tax positions. Each Fund files U.S. tax returns. Although the statute of limitations for examining a Fund’s U.S. tax returns remains open for 3 years, no examination is currently in progress. The Funds recognize interest and penalties, if any, related to unrecognized tax benefits as income tax expense on the Statements of Operations. During the year ended October 31, 2020, the Funds did not incur any interest or penalties. HFMC is not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax obligations will significantly change in the next twelve months.

 

7.

Expenses:

 

  a)

Investment Management Agreement – HFMC serves as each Fund’s investment manager. The Company, on behalf of each Fund, has entered into an Investment Management Agreement with HFMC. HFMC is an indirect subsidiary of The Hartford Financial Services Group, Inc. (“The Hartford”). HFMC has overall investment supervisory responsibility for each Fund. In addition, HFMC provides administrative personnel, services, equipment, facilities and office space for proper operation of each Fund. HFMC has contracted with Wellington Management Company LLP (“Wellington Management”) under a sub-advisory agreement and Wellington Management performs the daily

 

 

  249  

 


Hartford Fixed Income Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

  investment of the assets of each Fund in accordance with the Fund’s investment objective and policies. Each Fund pays a fee to HFMC. HFMC pays a sub-advisory fee to Wellington Management out of its management fee.

The schedule below reflects the rates of compensation paid to HFMC for investment management services rendered as of October 31, 2020; the rates are accrued daily and paid monthly based on each Fund’s average daily net assets, at the following annual rates:

 

Fund

  

Management Fee Rates

Emerging Markets Local Debt Fund

  

0.7500% on first $500 million and;

  

0.7000% on next $500 million and;

  

0.6900% over $1 billion

Floating Rate Fund

  

0.6500% on first $500 million and;

  

0.6000% on next $2 billion and;

  

0.5900% on next $2.5 billion and;

  

0.5800% on next $5 billion and;

  

0.5700% over $10 billion

Floating Rate High Income Fund

  

0.7000% on first $500 million and;

  

0.6500% on next $2 billion and;

  

0.6400% on next $2.5 billion and;

0.6300% on next $5 billion and;

0.6200% over $10 billion

High Yield Fund

  

0.5000% on first $1 billion and;

  

0.4500% on next $4 billion and;

  

0.4400% on next $5 billion and;

  

0.4350% over $10 billion

Inflation Plus Fund

  

0.3900% on first $500 million and;

  

0.3800% on next $500 million and;

  

0.3750% on next $1.5 billion and;

  

0.3700% on next $2.5 billion and;

  

0.3675% on next $5 billion and;

  

0.3650% over $10 billion

Municipal Income Fund

  

0.3500% on first $500 million and;

  

0.3000% on next $500 million and;

  

0.2900% on next $1.5 billion and;

  

0.2850% on next $2.5 billion and;

  

0.2800% over $5 billion

Municipal Opportunities Fund

  

0.3500% on first $500 million and;

  

0.3000% on next $500 million and;

  

0.2900% on next $1.5 billion and;

  

0.2850% on next $2.5 billion and;

  

0.2800% over $5 billion

Municipal Short Duration Fund

  

0.3500% on first $500 million and;

  

0.3000% on next $500 million and;

  

0.2900% on next $1.5 billion and;

  

0.2850% on next $2.5 billion and;

  

0.2800% over $5 billion

Short Duration Fund

  

0.4100% on the first $500 million and;

  

0.3700% on the next $500 million and;

  

0.3650% on the next $1.5 billion and;

  

0.3600% on the next $2.5 billion and;

  

0.3500% on the next $5 billion and;

  

0.3400% over $10 billion

Strategic Income Fund

  

0.5500% on first $500 million and;

  

0.5000% on next $500 million and;

  

0.4750% on next $1.5 billion and;

  

0.4650% on next $2.5 billion and;

  

0.4550% on next $5 billion and;

  

0.4450% over $10 billion

Total Return Bond Fund

  

0.3500% on first $500 million and;

  

0.3000% on next $500 million and;

  

0.2600% on next $4 billion and;

  

0.2500% over $5 billion

 

 

  250  

 


Hartford Fixed Income Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

Fund

  

Management Fee Rates

World Bond Fund

  

0.7000% on first $250 million and;

  

0.6500% on next $250 million and;

  

0.6000% on next $2 billion and;

  

0.5500% on next $2.5 billion and;

  

0.4750% on next $5 billion and;

  

0.4500% over $10 billion

From November 1, 2019 through February 27, 2020, the Inflation Plus Fund paid the rate set forth below to HFMC for investment management services rendered. The rate was accrued daily and paid monthly based on the Inflation Plus Fund’s average daily net assets.

 

Inflation Plus Fund

  

0.5000% on first $500 million and;

  

0.4500% on next $500 million and;

  

0.4450% on next $1.5 billion and;

  

0.4400% on next $2.5 billion and;

  

0.4300% on next $5 billion and;

  

0.4200% over $10 billion

From November 1, 2019 through August 31, 2020, the High Yield Fund paid the rate set forth below to HFMC for investment management services rendered. The rate was accrued daily and paid monthly based on the High Yield Fund’s average daily net assets.

 

High Yield Fund

  

0.6500% on first $500 million and;

  

0.6000% on next $500 million and;

  

0.5950% on next $1.5 billion and;

  

0.5900% on next $2.5 billion and;

  

0.5800% on next $5 billion and;

  

0.5700% over $10 billion

 

  b)

Accounting Services Agreement – HFMC provides the Funds with accounting services pursuant to a fund accounting agreement by and between the Company, on behalf of its Funds, and HFMC. HFMC has delegated certain accounting and administrative service functions to State Street Bank and Trust Company (“State Street”). In consideration of services rendered and expenses assumed pursuant to the fund accounting agreement, each Fund pays HFMC a fee. Effective January 1, 2020, the fund accounting agreement with respect to each Fund was modified to reflect a new fee structure. Under this revised fee structure, HFMC is entitled to receive the following fee with respect to each Fund: the sub-accounting fee payable by HFMC to State Street plus the amount of expenses that HFMC allocates for providing the fund accounting services.

From November 1, 2019 through December 31, 2019, the accounting services fees for each Fund were accrued daily and paid monthly at the rates below:

 

Strategic Income Fund, Total Return Bond Fund, and World Bond Fund  
Average Daily Net Assets    Annual Fees  

first $3.5 billion and;

     0.022%  

next $3.5 billion and

     0.018%  

Amount over $7 billion

     0.015%  
 
Emerging Markets Local Debt Fund, Floating Rate Fund, Floating Rate High Income Fund, High Yield Fund, Inflation Plus Fund, and Short Duration Fund  
Average Daily Net Assets    Annual Fees  

first $3.5 billion and;

     0.018%  

next $3.5 billion and

     0.014%  

Amount over $7 billion

     0.010%  
 
Municipal Income Fund, Municipal Opportunities Fund, and Municipal Short Duration Fund  
Average Daily Net Assets    Annual Fees  

first $3.5 billion and;

     0.014%  

next $3.5 billion and

     0.012%  

Amount over $7 billion

     0.010%  

 

 

  251  

 


Hartford Fixed Income Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

  c)

Operating Expenses – Allocable expenses incurred by the Company are allocated to each series within the Company, and allocated to classes within each such series, in proportion to the average daily net assets of such series and classes, except where allocation of certain expenses is more fairly made directly to a Fund or to specific classes within a Fund. As of October 31, 2020, HFMC contractually limited the total operating expenses (exclusive of taxes, interest expenses, brokerage commissions, acquired fund fees and expenses, and extraordinary expenses), through February 28, 2021 (unless the Board of Directors approves its earlier termination) as follows for each of the following Funds:

 

     Expense Limit as a Percentage of Average Daily Net Assets  

Fund

   Class A     Class C     Class I     Class R3     Class R4     Class R5     Class R6     Class Y     Class F  

Emerging Markets Local Debt Fund

     1.18     1.93     0.93     1.48     1.18     0.88     N/A       0.88     0.83

Floating Rate Fund(1)

     1.00     1.75     0.75     1.25     1.00     0.85     N/A       0.75     N/A  

Floating Rate High Income Fund

     1.05     1.80     0.80     1.35     1.05     0.75     N/A       0.78     0.75

High Yield Fund

     0.95     1.75     0.69     1.27     0.97     0.67     N/A       0.66     0.55

Inflation Plus Fund(1)

     1.00     1.75     0.75     1.25     1.00     0.85     N/A       0.75     N/A  

Municipal Income Fund

     0.69     1.44     0.46     N/A       N/A       N/A       N/A       N/A       0.39

Municipal Short Duration Fund

     0.69     1.44     0.46     N/A       N/A       N/A       N/A       N/A       0.39

Short Duration Fund(1)

     1.00     1.75     0.75     N/A       N/A       N/A       N/A       0.75     N/A  

Strategic Income Fund

     0.95     1.70     0.70     1.25     0.95     0.65     0.60     0.69     0.60

Total Return Bond Fund(1)

     1.00     1.75     0.75     1.25     1.00     0.85     N/A       0.75     N/A  

 

  (1) 

Expense limitation arrangement described above for Classes A, C, I, R3, R4, R5 and Y shares of each of Floating Rate Fund, Inflation Plus Fund, Short Duration Fund and Total Return Bond Fund extends beyond February 28, 2021. Please see the Funds’ statement of additional information for more information.

From November 1, 2019 through February 27, 2020, HFMC contractually limited the total operating expenses (exclusive of taxes, interest expenses, brokerage commissions, acquired fund fees and expenses and extraordinary expenses), as follows for each of the following Funds:

 

     Expense Limit as a Percentage of Average Daily Net Assets  

Fund

   Class A     Class C     Class I     Class R3     Class R4     Class R5     Class R6     Class Y     Class F  

Inflation Plus Fund

     0.85     1.60     0.60     1.20     0.90     0.60     N/A       0.59     0.55

Municipal Opportunities Fund

     0.69     1.44     0.46     N/A       N/A       N/A       N/A       0.49     0.39

Short Duration Fund

     0.81     1.56     0.56     1.15     0.85     0.55     0.55     0.55     0.55

Total Return Bond Fund

     1.00     1.75     0.75     1.25     1.00     0.85     N/A       0.75     0.34

From November 1, 2019 through August 31, 2020, with respect to the High Yield Fund, HFMC contractually limited the total operating expenses (exclusive of taxes, interest expenses, brokerage commissions, acquired fund fees and expenses and extraordinary expenses), as follows:

 

     Expense Limit as a Percentage of Average Daily Net Assets  

Fund

   Class A     Class C     Class I     Class R3     Class R4     Class R5     Class R6      Class Y     Class F  

High Yield Fund

     1.05     1.80     0.80     1.35     1.05     0.75     N/A        0.79     0.70

 

  d)

Fees Paid Indirectly – Certain Funds have entered into agreements with State Street Global Markets, LLC and Russell Implementation Services, Inc. to partially recapture non-discounted trade commissions. Such rebates are used to pay a portion of a Fund’s expenses. For the year ended October 31, 2020, these amounts, if any, are included in the Statements of Operations.

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

 

Fund

   Class A     Class C     Class I     Class R3     Class R4     Class R5     Class R6     Class Y     Class F  

Emerging Markets Local Debt Fund

     1.18     1.93     0.93     1.06     1.18     0.88     N/A       0.88     0.83

Floating Rate Fund

     1.00     1.74     0.73     1.25     1.00     0.77     N/A       0.71     0.65

Floating Rate High Income Fund

     1.05     1.80     0.80     1.35     1.05     0.75     N/A       0.78     0.75

High Yield Fund

     1.03     1.78     0.77     1.34     1.04     0.74     N/A       0.77     0.67

Inflation Plus Fund

     0.85     1.59     0.57     1.18     0.89     0.58     N/A       0.57     0.49

Municipal Income Fund

     0.69     1.44     0.46     N/A       N/A       N/A       N/A       N/A       0.39

Municipal Opportunities Fund

     0.68     1.43     0.44     N/A       N/A       N/A       N/A       0.45     0.37

Municipal Short Duration Fund

     0.69     1.44     0.46     N/A       N/A       N/A       N/A       N/A       0.39

Short Duration Fund

     0.80     1.55     0.53     1.15     0.78     0.56     0.45     0.55     0.44

Strategic Income Fund

     0.95     1.69     0.67     1.25     0.95     0.65     0.59     0.64     0.59

Total Return Bond Fund

     0.71     1.51     0.41     1.04     0.76     0.46     0.34     0.40     0.34

World Bond Fund

     1.02     1.75     0.73     1.36     1.05     0.75     0.65     0.72     0.64

 

 

  252  

 


Hartford Fixed Income Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

  e)

Sales Charges and Distribution and Service Plan for Class A, C, R3 and R4 Shares – Hartford Funds Distributors, LLC (“HFD”), an indirect subsidiary of The Hartford, is the principal underwriter and distributor of each Fund. For the year ended October 31, 2020, HFD received front-end sales charges and contingent deferred sales charges for each Fund as follows:

 

Fund

   Front-end
Sales Charges
     Contingent Deferred
Sales Charges
 

Emerging Markets Local Debt Fund

   $ 3,920      $ 1,503  

Floating Rate Fund

     119,479        63,442  

Floating Rate High Income Fund

     29,594        7,253  

High Yield Fund

     407,644        11,393  

Inflation Plus Fund

     156,655        980  

Municipal Income Fund

     115,117        1,588  

Municipal Opportunities Fund

     713,131        49,658  

Municipal Short Duration Fund

     38,417        7,676  

Short Duration Fund

     942,583            105,286  

Strategic income Fund

     549,974        12,991  

Total Return Bond Fund

         2,327,280        16,396  

World Bond Fund

     590,782        28,673  

The Board of Directors of the Company has approved the adoption of a separate distribution plan (each a “Plan”) pursuant to Rule 12b-1 under the 1940 Act for each of Class A, C, R3 and R4 shares. Under a Plan, Class A, Class C, Class R3 and Class R4 shares of a Fund, as applicable, bear distribution and/or service fees paid to HFD, some or all of which may be paid to select broker-dealers. Pursuant to the Class A Plan, a Fund may pay HFD a fee of up to 0.25% of the average daily net assets attributable to Class A shares for distribution financing activities and shareholder account servicing activities. The entire amount of the fee may be used for shareholder servicing expenses and/or distribution expenses. Pursuant to the Class C Plan, a Fund may pay HFD a fee of up to 1.00% of the average daily net assets attributable to Class C shares for distribution financing activities, and up to 0.25% may be used for shareholder account servicing activities. The Class C Plan also provides that HFD will receive all contingent deferred sales charges attributable to Class C shares. Pursuant to the Class R3 Plan, a Fund may pay HFD a fee of up to 0.50% of the average daily net assets attributable to Class R3 shares for distribution financing activities, and up to 0.25% may be used for shareholder account servicing activities. Pursuant to the Class R4 Plan, a Fund may pay HFD a fee of up to 0.25% of the average daily net assets attributable to Class R4 shares for distribution financing activities. The entire amount of the fee may be used for shareholder account servicing activities. Each Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the Company’s Board of Directors may determine. Any 12b-1 fees attributable to assets held in an account held directly with the Funds’ transfer agent for which there is not a third-party listed as the broker-dealer of record (or HFD does not otherwise have a payment obligation) are generally reimbursed to the applicable Fund. Such amounts are reflected as “Distribution fee reimbursements” on the Statements of Operations.

 

  f)

Other Related Party Transactions – Certain officers of the Company are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the year ended October 31, 2020, a portion of the Company’s Chief Compliance Officer’s (“CCO”) compensation was paid by all of the investment companies in the Hartford fund complex. The portion allocated to each Fund, as represented in other expenses on the Statements of Operations, is outlined in the table below.

 

Fund

   CCO Compensation
Paid by Fund
 

Emerging Markets Local Debt Fund

   $ 194  

Floating Rate Fund

     4,700  

Floating Rate High Income Fund

     785  

High Yield Fund

     794  

Inflation Plus Fund

     1,104  

Municipal Income Fund

     143  

Municipal Opportunities Fund

     2,874  

Municipal Short Duration Fund

     51  

Short Duration Fund

     3,271  

Strategic Income Fund

     2,267  

Total Return Bond Fund

     5,672  

World Bond Fund

         10,434  

Hartford Administrative Services Company (“HASCO”), an indirect subsidiary of The Hartford, provides transfer agent services to each Fund. Each Fund pays HASCO a transfer agency fee payable monthly based on the lesser of (i) the costs of providing or overseeing transfer agency services provided to each share class of such Fund plus a target profit margin or (ii) a Specified Amount (as defined in the table below). Such fee is intended to compensate HASCO for: (i) fees payable by HASCO to DST Asset Manager Solutions, Inc. (“DST”) (and any other designated sub-agent) according to the agreed-upon fee schedule under the sub-transfer agency agreement between HASCO and DST (or between HASCO and any other designated sub-agent, as applicable); (ii) sub-transfer agency fees payable by HASCO to financial intermediaries, according to the agreed-upon terms between HASCO and the financial intermediaries, provided that such payments are

 

 

  253  

 


Hartford Fixed Income Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

within certain limits approved by the Company’s Board of Directors; (iii) certain expenses that HASCO’s parent company, Hartford Funds Management Group, Inc., allocates to HASCO that relate to HASCO’s transfer agency services provided to the Fund; and (iv) a target profit margin.

 

Share Class

   Specified Amount
(as a percentage
average daily
net assets)
 

Class A

     0.25

Class C

     0.25

Class I

     0.20

Class Y

     0.11

Class R3

     0.22

Class R4

     0.17

Class R5

     0.12

Class R6

     0.004

Class F

     0.004

Effective February 28, 2020, HASCO has contractually agreed to waive and/or reimburse a portion of the transfer agency fees for the share classes of the Funds listed below to the extent necessary to limit the transfer agency fees as follows through February 28, 2021, unless the Board of Directors approves its earlier termination:

 

Fund

   Class A     Class Y  

Inflation Plus Fund

     0.15     N/A  

Short Duration Fund

     0.12     N/A  

World Bond Fund

     N/A       0.09

For the period November 1, 2019 through February 27, 2020, HASCO had contractually agreed to waive and/or reimburse a portion of the transfer agency fees for the share classes of the Funds listed below to the extent necessary to limit the transfer agency fees as follows:

 

Fund

   Class Y  

Floating Rate Fund

     0.08

World Bond Fund

     0.07

Pursuant to a sub-transfer agency agreement between HASCO and DST, HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to DST. Each Fund does not pay any fee directly to DST; rather, HASCO makes all such payments to DST. The accrued amount shown in the Statements of Operations reflects the amounts charged by HASCO. These fees are accrued daily and paid monthly.

For the year ended October 31, 2020, the effective rate of compensation paid to HASCO for transfer agency services as a percentage of each Class’ average daily net assets is as follows:

 

Fund

   Class A     Class C     Class I     Class R3     Class R4     Class R5     Class R6     Class Y     Class F  

Emerging Markets Local Debt Fund

     0.19     0.20     0.10     0.22     0.17     0.12     N/A       0.11     0.00 %* 

Floating Rate Fund

     0.11     0.09     0.08     0.22     0.17     0.12     N/A       0.05     0.00 %* 

Floating Rate High Income Fund

     0.12     0.10     0.09     0.22     0.17     0.11     N/A       0.11     0.00 %* 

High Yield Fund

     0.18     0.14     0.10     0.22     0.17     0.12     N/A       0.11     0.00 %* 

Inflation Plus Fund

     0.16     0.15     0.10     0.21     0.17     0.11     N/A       0.11     0.00 %* 

Municipal Income Fund

     0.06     0.12     0.11     N/A       N/A       N/A       N/A       N/A       0.00 %* 

Municipal Opportunities Fund

     0.06     0.07     0.07     N/A       N/A       N/A       N/A       0.09     0.00 %* 

Municipal Short Duration Fund

     0.05     0.15     0.09     N/A       N/A       N/A       N/A       N/A       0.00 %* 

Short Duration Fund

     0.13     0.10     0.08     0.21     0.09     0.12     0.00 %*      0.10     0.00 %* 

Strategic Income Fund

     0.14     0.11     0.08     0.21     0.16     0.11     0.00 %*      0.06     0.00 %* 

Total Return Bond Fund

     0.12     0.17     0.07     0.22     0.17     0.12     0.00 %*      0.06     0.00 %* 

World Bond Fund

     0.13     0.11     0.09     0.22     0.16     0.11     0.00 %*      0.08     0.00 %* 

 

  *

Amount rounds to 0.00%

 

8.

Securities Lending:

The Company has entered into a securities lending agency agreement (“lending agreement”) with Citibank, N.A. (“Citibank”). A Fund may lend portfolio securities to certain borrowers in U.S. and non-U.S. markets in an amount not to exceed one-third (33 1/3%) of the value of its total assets. If a Fund security is on loan, under the lending agreement, the borrower is required to deposit cash or liquid securities as collateral at least equal to 100% of the market value of the loaned securities; and cash collateral is invested for the benefit of the Fund by the Fund’s lending agent pursuant to collateral investment guidelines. The collateral is marked to market daily, in an amount at least equal to the current market value of the securities loaned. Each of the Floating Rate Fund, the Floating Rate High Income Fund, and the High Yield Fund do not currently engage in securities lending.

 

 

  254  

 


Hartford Fixed Income Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

A Fund is subject to certain risks while its securities are on loan, including the following: (i) the risk that the borrower defaults on the loan and the collateral is inadequate to cover the Fund’s loss; (ii) the risk that the earnings on the collateral invested are not sufficient to pay fees incurred in connection with the loan; (iii) the Fund could lose money in the event of a decline in the value of the collateral provided for loaned securities or a decline in the value of any investments made with cash collateral; (iv) the risk that the borrower may use the loaned securities to cover a short sale, which may in turn place downward pressure on the market prices of the loaned securities; (v) the risk that return of loaned securities could be delayed and interfere with portfolio management decisions; and (vi) the risk that any efforts to restrict or recall the securities for purposes of voting may not be effective. These events could also trigger adverse tax consequences for the Fund.

The Funds retain loan fees and the interest on cash collateral investments but are required to pay the borrower a rebate for the use of cash collateral. In cases where the lent security is of high value to borrowers, there may be a negative rebate (i.e., a net payment from the borrower to the Funds). Upon termination of a loan, the Funds are required to return to the borrower an amount equal to the cash collateral, plus any rebate owed to the borrowers.

The net income earned on the securities lending (after payment of rebates and Citibank’s fee) is included on the Statements of Operations as Investment Income from securities lending. The Funds also receive payments from the borrower during the period of the loan, equivalent to dividends and interest earned on the securities loaned, which are recorded as Investment Income from dividends or interest, respectively, on the Statements of Operations.

The following table presents the market value of the Funds’ securities on loan, net of amounts available for offset under the master netting arrangements and any related collateral received by the Funds as of October 31, 2020.

 

Fund

   Investment Securities on Loan, at market value,
Presented on the Statements of Assets and Liabilities(1)
     Collateral Posted by Borrower(2)     Net Amount(3)  

Emerging Markets Local Debt Fund

   $      $     $         —  

Inflation Plus Fund

     117,530        (117,530      

Municipal Income Fund

                   

Municipal Opportunities Fund

                   

Municipal Short Duration Fund

                   

Short Duration Fund

         4,684,079            (4,684,079      

Strategic Income Fund

     7,626,512        (7,626,512      

Total Return Bond Fund

     3,977,766        (3,977,766      

World Bond Fund

     2,931,454        (2,931,454      

 

  (1) 

It is each Fund’s policy to obtain additional collateral from, or return excess collateral to, the borrower by the end of the next business day following the valuation date of the securities loaned. Therefore, the value of the collateral held may be temporarily less than that required under the lending contract.

  (2) 

Collateral received in excess of the market value of securities on loan is not presented in this table.

  (3) 

Net amount represents the net amount receivable due from the counterparty in the event of default.

The total cash and non-cash collateral received by each Fund in connection with securities lending transactions is presented below:

 

Fund

   Cash
Collateral
     Non-Cash
Collateral
 

Emerging Markets Local Debt Fund

   $      $  

Inflation Plus Fund

     120,450         

Municipal Income Fund

             

Municipal Opportunities Fund

             

Municipal Short Duration Fund

             

Short Duration Fund

         4,813,690            —  

Strategic Income Fund

     7,837,282         

Total Return Bond Fund

     4,140,341         

World Bond Fund

     3,015,734         

 

9.

Secured Borrowings:

The following tables reflect a breakdown of transactions accounted for as secured borrowings, the gross obligation by the type of collateral pledged, and the remaining contractual maturity of those transactions as of October 31, 2020.

Certain Transfers Accounted For As Secured Borrowings

Remaining Contractual Maturity of the Agreements

 

     Overnight and
Continuous
     <30 days      Between
30 & 90 days
     >90 days      Total  
Inflation Plus Fund                                   

Securities Lending Transactions(1)

 

Corporate Bonds

   $ 120,450      $     —      $     —      $     —      $ 120,450  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total Borrowings

   $ 120,450      $      $      $      $ 120,450  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Gross amount of recognized liabilities for securities lending transactions

 

   $ 120,450  
              

 

 

 

 

 

  255  

 


Hartford Fixed Income Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

     Overnight and
Continuous
     <30 days      Between
30 & 90 days
     >90 days      Total  
Short Duration Fund                                   

Securities Lending Transactions(1)

 

Corporate Bonds

   $     4,813,690      $      $      $      $     4,813,690  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total Borrowings

   $ 4,813,690      $      $      $      $ 4,813,690  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Gross amount of recognized liabilities for securities lending transactions

 

   $ 4,813,690  
              

 

 

 
Strategic Income Fund                                   

Securities Lending Transactions(1)

 

Corporate Bonds

   $ 7,837,282      $      $      $      $ 7,837,282  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total Borrowings

   $ 7,837,282      $      $      $      $ 7,837,282  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Gross amount of recognized liabilities for securities lending transactions

 

   $ 7,837,282  
              

 

 

 
Total Return Bond Fund                                   

Securities Lending Transactions(1)

 

Corporate Bonds

   $ 593      $      $      $      $ 593  

Municipal Bonds

     40,166                             40,166  

Preferred Stocks

     4,099,582                             4,099,582  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total Borrowings

   $     4,140,341      $     —      $     —      $     —      $     4,140,341  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Gross amount of recognized liabilities for securities lending transactions

 

   $ 4,140,341  
              

 

 

 
World Bond Fund                                   

Securities Lending Transactions(1)

 

Convertible Preferred Stocks

   $ 2,499,994      $      $      $      $ 2,499,994  

Corporate Bonds

     515,740                             515,740  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total Borrowings

   $ 3,015,734      $      $      $      $ 3,015,734  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Gross amount of recognized liabilities for securities lending transactions

 

   $ 3,015,734  
              

 

 

 

 

  (1) 

Amount represents the payable for cash collateral received on securities on loan. This will generally be in the “Overnight and Continuous” column as the securities are typically callable on demand.

 

10.

Affiliate Holdings:

As of October 31, 2020, affiliates of The Hartford had ownership of shares in each Fund as follows:

Percentage of a Class:

 

Fund

   Class A      Class C      Class I      Class R3     Class R4     Class R5     Class R6     Class Y     Class F  

Emerging Markets Local Debt Fund

                          100     25     24     N/A              

Municipal Income Fund

                          N/A       N/A       N/A       N/A             %* 

Municipal Opportunities Fund

                          N/A       N/A       N/A       N/A       %*       

Short Duration Fund

                                            83            

Strategic Income Fund

                                            %*             

Total Return Bond Fund

                                %*      %*            %*       

Percentage of Fund by Class:

 

Fund

   Class A      Class C      Class I      Class R3     Class R4     Class R5     Class R6     Class Y     Class F  

Emerging Markets Local Debt Fund

                          %*      %*      %*      N/A              

Municipal Income Fund

                          N/A       N/A       N/A       N/A             %* 

Municipal Opportunities Fund

                          N/A       N/A       N/A       N/A       %*       

Short Duration Fund

                                            %*             

Strategic Income Fund

                                            %*             

Total Return Bond Fund

                                %*      %*            %*       

 

  *

Percentage rounds to zero.

 

 

  256  

 


Hartford Fixed Income Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

As of October 31, 2020, affiliated funds of funds and certain 529 plans for which HFMC serves as the program manager (the “529 plans”) in the aggregate owned a portion of the Funds identified below. Therefore, these Funds may experience relatively large purchases or redemptions of their shares from these affiliated funds of funds and the 529 plans. Affiliated funds of funds and the 529 plans owned shares in the Funds listed below as follows:

 

Funds

   Percentage
of Fund*
 

High Yield Fund

     2

Inflation Plus Fund

     31

Strategic Income Fund

     9

Total Return Bond Fund

     4

World Bond Fund

     4

 

  *

As of October 31, 2020, affiliated funds of funds and the 529 plans invest in Class F shares.

 

11.

Investment Transactions:

For the year ended October 31, 2020, the cost of purchases and proceeds from sales of investment securities (excluding short-term investments) were as follows:

 

Fund

   Cost of Purchases
Excluding U.S.
Government
Obligations
     Sales Proceeds
Excluding U.S.
Government
Obligations
     Cost of Purchases
For U.S.
Government
Obligations
     Sales Proceeds
For U.S.
Government
Obligations
     Total Cost of
Purchases
     Total Sales
Proceeds
 

Emerging Markets Local Debt Fund

   $ 88,147,788      $ 147,638,677      $      $      $ 88,147,788      $ 147,638,677  

Floating Rate Fund

         1,826,889,561            2,673,426,782                          1,826,889,561            2,673,426,782  

Floating Rate High Income Fund

     409,221,320        452,118,745                      409,221,320        452,118,745  

High Yield Fund

     205,480,489        197,503,864                      205,480,489        197,503,864  

Inflation Plus Fund

     90,334,255        44,346,162            293,275,350            361,303,672        383,609,605        405,649,834  

Municipal Income Fund

     55,148,213        9,027,784                      55,148,213        9,027,784  

Municipal Opportunities Fund

     637,329,639        311,161,537                      637,329,639        311,161,537  

Municipal Short Duration Fund

     8,685,502        5,675,358                      8,685,502        5,675,358  

Short Duration Fund

     746,957,681        459,789,306        55,494,681        88,018,857        802,452,362        547,808,163  

Strategic Income Fund

     1,238,386,152        488,749,523        250,354,848        122,263,312        1,488,741,000        611,012,835  

Total Return Bond Fund

     1,117,854,971        673,977,096        575,210,149        519,827,636        1,693,065,120        1,193,804,732  

World Bond Fund

     4,724,816,089        5,203,033,571        301,546,145        705,858,988        5,026,362,234        5,908,892,559  

 

12.

Capital Share Transactions:

The following information is for the year ended October 31, 2020, and the year ended October 31, 2019:

 

       For the Year Ended
October 31, 2020
       For the Year Ended
October 31, 2019
 
       Shares        Amount        Shares        Amount  
Emerging Markets Local Debt Fund  

Class A

                   

Shares Sold

       134,392        $ 760,164          207,670        $ 1,187,698  

Shares Issued for Reinvested Dividends

       37,719          204,790          73,897          415,304  

Shares Redeemed

       (319,756        (1,753,111        (542,516        (3,076,858
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (147,645        (788,157        (260,949        (1,473,856
    

 

 

      

 

 

      

 

 

      

 

 

 

Class C

                   

Shares Sold

       105,544        $ 612,753          92,161        $ 529,014  

Shares Issued for Reinvested Dividends

       13,757          74,858          29,903          167,855  

Shares Redeemed

       (212,602        (1,168,974        (233,293        (1,334,888
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (93,301        (481,363        (111,229        (638,019
    

 

 

      

 

 

      

 

 

      

 

 

 

Class I

                   

Shares Sold

       2,545,777        $ 14,145,120          6,908,616        $ 39,727,625  

Shares Issued for Reinvested Dividends

       177,208          978,115          704,194          3,951,546  

Shares Redeemed

       (7,824,110            (40,873,043        (12,019,899            (68,361,743
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (5,101,125        (25,749,808        (4,407,089        (24,682,572
    

 

 

      

 

 

      

 

 

      

 

 

 

 

 

  257  

 


Hartford Fixed Income Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

       For the Year Ended
October 31, 2020
       For the Year Ended
October 31, 2019
 
       Shares        Amount        Shares        Amount  
Emerging Markets Local Debt Fund – (continued)  

Class R3

                   

Shares Sold

       1        $ 4          13        $ 72  

Shares Issued for Reinvested Dividends

       85          462          135          759  

Shares Redeemed

       (184        (1,057        (1        (3
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (98        (591        147          828  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R4

                   

Shares Sold

       68        $ 400          366        $ 2,080  

Shares Issued for Reinvested Dividends

       343          1,856          580          3,256  

Shares Redeemed

       (776        (4,628        (3,434        (19,056
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (365        (2,372        (2,488        (13,720
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R5

                   

Shares Sold

       6,390        $ 36,359                 $  

Shares Issued for Reinvested Dividends

       348          1,784          153          828  

Shares Redeemed

       (68        (350                  
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       6,670          37,793          153          828  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class Y

                   

Shares Sold

       1,750,399        $ 9,515,902          3,241,425        $ 18,407,270  

Shares Issued for Reinvested Dividends

       523,951          2,827,886          1,059,729          5,916,738  

Shares Redeemed

       (9,274,328        (49,111,325        (5,036,875            (28,581,454
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (6,999,978            (36,767,537        (735,721        (4,257,446
    

 

 

      

 

 

      

 

 

      

 

 

 

Class F

                   

Shares Sold

       270,149        $ 1,545,968          407,377        $ 2,323,662  

Shares Issued for Reinvested Dividends

       31,190          169,018          66,901          375,779  

Shares Redeemed

       (415,940        (2,167,752        (602,556        (3,443,679
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (114,601        (452,766        (128,278        (744,238
    

 

 

      

 

 

      

 

 

      

 

 

 

Total Net Increase (Decrease)

       (12,450,443      $ (64,204,801        (5,645,454      $ (31,808,195
    

 

 

      

 

 

      

 

 

      

 

 

 
Floating Rate Fund                                    

Class A

                   

Shares Sold

       22,715,140        $ 182,043,746          20,753,076        $ 175,423,668  

Shares Issued for Reinvested Dividends

       2,783,969          22,370,965          4,878,024          40,858,137  

Shares Redeemed

       (34,530,403        (274,801,624        (39,378,555        (332,728,712
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (9,031,294        (70,386,913        (13,747,455        (116,446,907
    

 

 

      

 

 

      

 

 

      

 

 

 

Class C

                   

Shares Sold

       1,913,326        $ 15,459,940          3,307,683        $ 28,109,231  

Shares Issued for Reinvested Dividends

       1,100,612          8,934,776          2,464,950          20,929,713  

Shares Redeemed

       (28,757,381        (231,627,065        (37,412,317        (318,381,886
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (25,743,443        (207,232,349        (31,639,684        (269,342,942
    

 

 

      

 

 

      

 

 

      

 

 

 

Class I

                   

Shares Sold

       57,805,041        $ 458,641,839          64,163,143        $ 540,950,141  

Shares Issued for Reinvested Dividends

       3,529,631          28,399,544          7,879,027          65,898,623  

Shares Redeemed

       (125,477,198        (987,910,277        (133,638,228            (1,125,921,425
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (64,142,526        (500,868,894        (61,596,058        (519,072,661
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R3

                   

Shares Sold

       59,902        $ 490,500          130,893        $ 1,112,124  

Shares Issued for Reinvested Dividends

       21,364          172,803          43,514          367,117  

Shares Redeemed

       (299,206        (2,452,297        (352,382        (2,980,006
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (217,940        (1,788,994        (177,975        (1,500,765
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R4

                   

Shares Sold

       96,310        $ 794,320          434,340        $ 3,621,212  

Shares Issued for Reinvested Dividends

       8,674          69,552          27,979          232,831  

Shares Redeemed

       (157,920        (1,222,761        (795,583        (6,649,208
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (52,936        (358,889        (333,264        (2,795,165
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R5

                   

Shares Sold

       11,035        $ 89,492          30,884        $ 259,785  

Shares Issued for Reinvested Dividends

       4,935          39,528          9,124          76,179  

Shares Redeemed

       (35,909        (290,850        (115,665        (977,036
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (19,939        (161,830        (75,657        (641,072
    

 

 

      

 

 

      

 

 

      

 

 

 

 

 

  258  

 


Hartford Fixed Income Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

       For the Year Ended
October 31, 2020
       For the Year Ended
October 31, 2019
 
       Shares        Amount        Shares        Amount  
Floating Rate Fund – (continued)                                    

Class Y

                   

Shares Sold

       2,850,842        $ 22,683,282          19,589,034        $ 164,844,672  

Shares Issued for Reinvested Dividends

       239,275          1,920,632          628,372          5,237,776  

Shares Redeemed

       (5,411,327        (42,525,785        (66,904,529        (560,471,951
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (2,321,210        (17,921,871        (46,687,123        (390,389,503
    

 

 

      

 

 

      

 

 

      

 

 

 

Class F

                   

Shares Sold

       14,960,687        $ 119,676,976          48,977,672        $ 411,193,434  

Shares Issued for Reinvested Dividends

       265,700          2,132,064          435,983          3,651,076  

Shares Redeemed

       (51,269,502        (398,717,007        (9,558,226        (80,946,153
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (36,043,115        (276,907,967        39,855,429          333,898,357  
    

 

 

      

 

 

      

 

 

      

 

 

 

Total Net Increase (Decrease)

       (137,572,403      $     (1,075,627,707        (114,401,787      $     (966,290,658
    

 

 

      

 

 

      

 

 

      

 

 

 
Floating Rate High Income Fund  

Class A

                   

Shares Sold

       1,398,470        $ 12,942,405          1,864,346        $ 18,160,482  

Shares Issued for Reinvested Dividends

       303,917          2,804,899          585,584          5,641,921  

Shares Redeemed

       (3,761,564        (33,422,658        (5,397,730        (52,530,674
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (2,059,177        (17,675,354        (2,947,800        (28,728,271
    

 

 

      

 

 

      

 

 

      

 

 

 

Class C

                   

Shares Sold

       362,804        $ 3,349,789          674,618        $ 6,591,425  

Shares Issued for Reinvested Dividends

       155,830          1,449,058          315,700          3,072,727  

Shares Redeemed

       (2,260,595        (20,844,664        (2,947,205        (28,816,410
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (1,741,961        (16,045,817        (1,956,887        (19,152,258
    

 

 

      

 

 

      

 

 

      

 

 

 

Class I

                   

Shares Sold

       13,072,588        $ 116,255,880          10,285,968        $ 99,879,666  

Shares Issued for Reinvested Dividends

       927,364          8,514,869          1,767,333          16,968,301  

Shares Redeemed

       (15,784,908            (140,526,418        (20,417,998            (197,530,809
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (1,784,956        (15,755,669        (8,364,697        (80,682,842
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R3

                   

Shares Sold

       3,922        $ 36,154          3,285        $ 31,677  

Shares Issued for Reinvested Dividends

       350          3,240          732          7,065  

Shares Redeemed

       (13,918        (127,740        (7,256        (70,620
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (9,646        (88,346        (3,239        (31,878
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R4

                   

Shares Sold

       3,403        $ 32,161          2,486        $ 23,942  

Shares Issued for Reinvested Dividends

       428          3,941          2,302          22,001  

Shares Redeemed

       (2,129        (20,926        (49,795        (482,019
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       1,702          15,176          (45,007        (436,076
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R5

                   

Shares Sold

       124,461        $ 1,145,917          240,907        $ 2,332,856  

Shares Issued for Reinvested Dividends

       48,510          444,260          81,460          779,468  

Shares Redeemed

       (167,667        (1,513,716        (394,077        (3,780,192
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       5,304          76,461          (71,710        (667,868
    

 

 

      

 

 

      

 

 

      

 

 

 

Class Y

                   

Shares Sold

       1,781,345        $ 16,289,241          1,322,860        $ 12,758,253  

Shares Issued for Reinvested Dividends

       45,232          419,036          97,562          935,299  

Shares Redeemed

       (2,559,448        (23,055,578        (1,922,669        (18,699,869
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (732,871        (6,347,301        (502,247        (5,006,317
    

 

 

      

 

 

      

 

 

      

 

 

 

Class F

                   

Shares Sold

       464,170        $ 4,307,469          1,459,684        $ 14,187,500  

Shares Issued for Reinvested Dividends

       72,535          668,254          208,411          2,000,389  

Shares Redeemed

       (1,307,260        (11,903,577        (2,569,133        (24,876,036
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (770,555        (6,927,854        (901,038        (8,688,147
    

 

 

      

 

 

      

 

 

      

 

 

 

Total Net Increase (Decrease)

       (7,092,160      $     (62,748,704        (14,792,625      $     (143,393,657
    

 

 

      

 

 

      

 

 

      

 

 

 

 

 

  259  

 


Hartford Fixed Income Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

       For the Year Ended
October 31, 2020
       For the Year Ended
October 31, 2019
 
       Shares        Amount        Shares        Amount  
High Yield Fund  

Class A

                   

Shares Sold

       7,982,568        $ 57,178,942          6,506,518        $ 47,070,659  

Shares Issued for Reinvested Dividends

       1,394,996          9,984,138          1,489,506          10,755,927  

Shares Redeemed

       (7,699,857        (54,391,234        (6,778,790        (48,833,942
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       1,677,707          12,771,846          1,217,234          8,992,644  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class C

                   

Shares Sold

       720,947        $ 5,165,342          742,272        $ 5,322,196  

Shares Issued for Reinvested Dividends

       145,751          1,040,364          198,845          1,430,853  

Shares Redeemed

       (1,730,291        (12,196,760        (1,913,506        (13,734,197
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (863,593        (5,991,054        (972,389        (6,981,148
    

 

 

      

 

 

      

 

 

      

 

 

 

Class I

                   

Shares Sold

       1,576,935        $ 10,987,256          1,614,396        $ 11,725,807  

Shares Issued for Reinvested Dividends

       127,736          918,879          154,330          1,116,526  

Shares Redeemed

       (1,660,866        (11,578,456        (1,573,979        (11,453,644
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       43,805          327,679          194,747          1,388,689  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R3

                   

Shares Sold

       112,009        $ 816,725          36,667        $ 265,401  

Shares Issued for Reinvested Dividends

       11,257          80,520          11,614          83,821  

Shares Redeemed

       (70,941        (500,399        (119,170        (863,325
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       52,325          396,846          (70,889        (514,103
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R4

                   

Shares Sold

       26,012        $ 188,053          38,581        $ 274,684  

Shares Issued for Reinvested Dividends

       6,207          44,493          8,100          58,529  

Shares Redeemed

       (32,464        (238,238        (69,466        (506,053
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (245        (5,692        (22,785        (172,840
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R5

                   

Shares Sold

       66,470        $ 474,328          45,044        $ 326,413  

Shares Issued for Reinvested Dividends

       4,687          33,480          5,132          36,874  

Shares Redeemed

       (94,762        (674,816        (29,909        (215,847
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (23,605        (167,008        20,267          147,440  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class Y

                   

Shares Sold

       3,088,142        $     21,482,670          2,065,149        $ 15,033,370  

Shares Issued for Reinvested Dividends

       38,973          283,912          14,558          105,044  

Shares Redeemed

       (4,604,281        (32,546,308        (606,229        (4,378,192
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (1,477,166        (10,779,726        1,473,478          10,760,222  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class F

                   

Shares Sold

       3,292,512        $ 23,808,924          2,197,653        $ 15,936,793  

Shares Issued for Reinvested Dividends

       430,586          3,087,555          443,529          3,198,162  

Shares Redeemed

       (2,076,306        (14,636,213        (1,766,862            (12,756,366
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       1,646,792          12,260,266          874,320          6,378,589  
    

 

 

      

 

 

      

 

 

      

 

 

 

Total Net Increase (Decrease)

       1,056,020        $ 8,813,157          2,713,983        $ 19,999,493  
    

 

 

      

 

 

      

 

 

      

 

 

 
Inflation Plus Fund  

Class A

                   

Shares Sold

       3,416,712        $ 36,760,046          2,232,260        $ 23,110,264  

Shares Issued for Reinvested Dividends

       284,425          2,969,394          656,721          6,527,807  

Shares Redeemed

       (3,214,757        (34,234,638        (4,019,980        (41,478,441
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       486,380          5,494,802          (1,130,999        (11,840,370
    

 

 

      

 

 

      

 

 

      

 

 

 

Class C

                   

Shares Sold

       353,723        $ 3,707,981          116,835        $ 1,154,546  

Shares Issued for Reinvested Dividends

       16,560          167,587          141,168          1,353,801  

Shares Redeemed

       (1,803,410            (18,549,888        (3,002,992            (29,831,832
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (1,433,127        (14,674,320        (2,744,989        (27,323,485
    

 

 

      

 

 

      

 

 

      

 

 

 

Class I

                   

Shares Sold

       2,020,576        $ 22,374,318          1,585,718        $ 16,594,011  

Shares Issued for Reinvested Dividends

       93,581          994,771          195,357          1,975,060  

Shares Redeemed

       (2,199,103        (23,710,342        (1,824,142        (19,083,333
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (84,946        (341,253        (43,067        (514,262
    

 

 

      

 

 

      

 

 

      

 

 

 

 

 

  260  

 


Hartford Fixed Income Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

       For the Year Ended
October 31, 2020
       For the Year Ended
October 31, 2019
 
       Shares        Amount        Shares        Amount  
Inflation Plus Fund – (continued)  

Class R3

                   

Shares Sold

       673,544        $ 7,093,135          469,490        $ 4,742,188  

Shares Issued for Reinvested Dividends

       52,401          537,110          145,422          1,419,316  

Shares Redeemed

       (1,385,375        (14,251,182        (1,149,704        (11,609,420
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (659,430        (6,620,937        (534,792        (5,447,916
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R4

                   

Shares Sold

       216,766        $ 2,289,573          169,799        $ 1,748,336  

Shares Issued for Reinvested Dividends

       11,266          117,726          30,895          307,095  

Shares Redeemed

       (461,632        (4,923,802        (398,957        (4,126,127
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (233,600        (2,516,503        (198,263        (2,070,696
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R5

                   

Shares Sold

       133,252        $ 1,474,320          23,349        $ 245,370  

Shares Issued for Reinvested Dividends

       2,858          30,265          10,294          103,759  

Shares Redeemed

       (174,426        (1,873,550        (107,477        (1,136,991
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (38,316        (368,965        (73,834        (787,862
    

 

 

      

 

 

      

 

 

      

 

 

 

Class Y

                   

Shares Sold

       659,312        $ 7,130,008          79,148        $ 832,863  

Shares Issued for Reinvested Dividends

       40,716          433,627          97,698          989,682  

Shares Redeemed

       (279,632        (3,063,939        (586,430        (6,193,950
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       420,396          4,499,696          (409,584        (4,371,405
    

 

 

      

 

 

      

 

 

      

 

 

 

Class F

                   

Shares Sold

       3,855,004        $ 41,986,825          2,574,612        $ 26,997,606  

Shares Issued for Reinvested Dividends

       298,328          3,168,242          571,737          5,780,258  

Shares Redeemed

       (3,444,902            (36,752,619        (2,837,448            (29,871,804
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       708,430          8,402,448          308,901          2,906,060  
    

 

 

      

 

 

      

 

 

      

 

 

 

Total Net Increase (Decrease)

       (834,213      $ (6,125,032        (4,826,627      $ (49,449,936
    

 

 

      

 

 

      

 

 

      

 

 

 
Municipal Income Fund  

Class A

                   

Shares Sold

       1,810,083        $ 19,362,123          1,216,886        $ 12,665,314  

Shares Issued for Reinvested Dividends

       66,661          716,775          46,776          492,102  

Shares Redeemed

       (514,527        (5,472,708        (666,992        (7,009,368
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       1,362,217          14,606,190          596,670          6,148,048  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class C

                   

Shares Sold

       273,882        $ 2,935,669          200,677        $ 2,115,638  

Shares Issued for Reinvested Dividends

       6,407          68,800          6,577          68,621  

Shares Redeemed

       (102,934        (1,107,063        (303,102        (3,209,692
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       177,355          1,897,406          (95,848        (1,025,433
    

 

 

      

 

 

      

 

 

      

 

 

 

Class I

                   

Shares Sold

       2,159,787        $ 23,139,936          597,228        $ 6,324,802  

Shares Issued for Reinvested Dividends

       33,470          359,362          18,528          193,629  

Shares Redeemed

       (376,105        (3,914,265        (573,148        (6,083,302
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       1,817,152          19,585,033          42,608          435,129  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class F

                   

Shares Sold

       1,136,896        $ 12,112,442          205,526        $ 2,162,030  

Shares Issued for Reinvested Dividends

       16,823          180,804          6,668          70,158  

Shares Redeemed

       (163,103        (1,700,273        (45,586        (474,072
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       990,616          10,592,973          166,608          1,758,116  
    

 

 

      

 

 

      

 

 

      

 

 

 

Total Net Increase (Decrease)

       4,347,340        $ 46,681,602          710,038        $ 7,315,860  
    

 

 

      

 

 

      

 

 

      

 

 

 
Municipal Opportunities Fund  

Class A

                   

Shares Sold

       13,705,812        $ 121,518,705          13,097,042        $ 113,644,055  

Shares Issued for Reinvested Dividends

       920,975          8,178,106          968,423          8,430,168  

Shares Redeemed

       (10,088,440        (88,468,489        (8,525,335        (73,509,669
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       4,538,347          41,228,322          5,540,130          48,564,554  
    

 

 

      

 

 

      

 

 

      

 

 

 

 

 

  261  

 


Hartford Fixed Income Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

       For the Year Ended
October 31, 2020
       For the Year Ended
October 31, 2019
 
       Shares        Amount        Shares        Amount  
Municipal Opportunities Fund – (continued)  

Class C

                   

Shares Sold

       1,895,643        $ 16,820,563          2,096,355        $ 18,292,641  

Shares Issued for Reinvested Dividends

       80,275          713,061          126,114          1,096,479  

Shares Redeemed

       (2,880,616        (25,479,837        (3,954,316        (34,304,671
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (904,698        (7,946,213        (1,731,847        (14,915,551
    

 

 

      

 

 

      

 

 

      

 

 

 

Class I

                   

Shares Sold

       50,133,652        $ 443,070,863          33,139,466        $ 287,763,424  

Shares Issued for Reinvested Dividends

       1,269,430          11,279,654          1,086,031          9,458,014  

Shares Redeemed

       (28,476,329            (250,888,458        (14,958,859            (129,739,392
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       22,926,753          203,462,059          19,266,638          167,482,046  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class Y

                   

Shares Sold

       216,487        $ 1,933,106          7,783        $ 67,807  

Shares Issued for Reinvested Dividends

       35,516          315,113          44,970          390,018  

Shares Redeemed

       (130,412        (1,148,573        (170,299        (1,471,492
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       121,591          1,099,646          (117,546        (1,013,667
    

 

 

      

 

 

      

 

 

      

 

 

 

Class F

                   

Shares Sold

       17,953,655        $ 159,400,282          7,282,248        $ 63,411,974  

Shares Issued for Reinvested Dividends

       329,626          2,925,198          228,035          1,988,242  

Shares Redeemed

       (3,445,684        (30,089,476        (1,650,992        (14,267,074
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       14,837,597          132,236,004          5,859,291          51,133,142  
    

 

 

      

 

 

      

 

 

      

 

 

 

Total Net Increase (Decrease)

       41,519,590        $ 370,079,818          28,816,666        $ 251,250,524  
    

 

 

      

 

 

      

 

 

      

 

 

 
Municipal Short Duration Fund                                    

Class A

                   

Shares Sold

       1,145,838        $ 11,586,580          1,693,047        $ 16,925,384  

Shares Issued for Reinvested Dividends

       33,692          340,581          27,682          278,955  

Shares Redeemed

       (962,122        (9,659,221        (1,041,019        (10,485,930
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       217,408          2,267,940          679,710          6,718,409  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class C

                   

Shares Sold

       96,134        $ 967,062          96,178        $ 966,974  

Shares Issued for Reinvested Dividends

       1,497          15,127          3,876          38,851  

Shares Redeemed

       (85,818        (861,322        (285,558        (2,880,963
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       11,813          120,867          (185,504        (1,875,138
    

 

 

      

 

 

      

 

 

      

 

 

 

Class I

                   

Shares Sold

       213,769        $ 2,164,033          71,701        $ 722,127  

Shares Issued for Reinvested Dividends

       5,264          53,174          10,600          106,305  

Shares Redeemed

       (54,837        (545,570        (551,449        (5,573,094
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       164,196          1,671,637          (469,148        (4,744,662
    

 

 

      

 

 

      

 

 

      

 

 

 

Class F

                   

Shares Sold

       98,768        $ 991,750          91,777        $ 920,030  

Shares Issued for Reinvested Dividends

       3,867          39,099          2,936          29,612  

Shares Redeemed

       (56,960        (566,704        (26,384        (266,427
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       45,675          464,145          68,329          683,215  
    

 

 

      

 

 

      

 

 

      

 

 

 

Total Net Increase (Decrease)

       439,092        $ 4,524,589          93,387        $ 781,824  
    

 

 

      

 

 

      

 

 

      

 

 

 
Short Duration Fund  

Class A

                   

Shares Sold

       51,243,837        $ 504,354,186          36,524,678        $ 356,835,933  

Shares Issued for Reinvested Dividends

       1,527,630          15,095,226          1,559,506          15,297,872  

Shares Redeemed

       (33,867,669        (331,858,219        (25,531,979        (250,066,747
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       18,903,798          187,591,193          12,552,205          122,067,058  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class C

                   

Shares Sold

       6,109,317        $ 59,943,618          5,619,975        $ 54,719,385  

Shares Issued for Reinvested Dividends

       117,376          1,159,082          142,653          1,399,052  

Shares Redeemed

       (5,260,757        (51,359,254        (4,994,595        (48,801,908
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       965,936          9,743,446          768,033          7,316,529  
    

 

 

      

 

 

      

 

 

      

 

 

 

 

 

  262  

 


Hartford Fixed Income Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

       For the Year Ended
October 31, 2020
       For the Year Ended
October 31, 2019
 
       Shares        Amount        Shares        Amount  
Short Duration Fund – (continued)  

Class I

                   

Shares Sold

       41,547,078        $ 411,117,591          35,786,507        $ 350,683,775  

Shares Issued for Reinvested Dividends

       860,944          8,498,126          746,757          7,316,650  

Shares Redeemed

       (37,899,515            (369,038,007        (19,101,058            (186,766,826
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       4,508,507          50,577,710          17,432,206          171,233,599  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R3

                   

Shares Sold

       144,618        $ 1,438,625          82,147        $ 806,429  

Shares Issued for Reinvested Dividends

       2,937          28,968          2,811          27,567  

Shares Redeemed

       (78,871        (755,948        (14,985        (144,595
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       68,684          711,645          69,973          689,401  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R4

                   

Shares Sold

       109,508        $ 1,087,435          867,429        $ 8,553,622  

Shares Issued for Reinvested Dividends

       13,530          132,100          6,194          61,143  

Shares Redeemed

       (428,264        (4,221,379        (156,595        (1,521,610
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (305,226        (3,001,844        717,028          7,093,155  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R5

                   

Shares Sold

       105,028        $ 1,042,408          61,747        $ 604,217  

Shares Issued for Reinvested Dividends

       3,785          37,255          3,348          32,687  

Shares Redeemed

       (36,827        (360,633        (38,494        (374,732
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       71,986          719,030          26,601          262,172  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R6(1)

                   

Shares Sold

       180        $ 1,768          1,070        $ 10,385  

Shares Issued for Reinvested Dividends

       33          320          21          206  
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       213          2,088          1,091          10,591  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class Y

                   

Shares Sold

       1,236,976        $ 12,231,240          1,842,504        $ 18,049,511  

Shares Issued for Reinvested Dividends

       23,955          234,836          40,141          390,179  

Shares Redeemed

       (1,755,749        (16,923,506        (2,233,507        (21,812,368
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (494,818        (4,457,430        (350,862        (3,372,678
    

 

 

      

 

 

      

 

 

      

 

 

 

Class F

                   

Shares Sold

       11,110,634        $ 109,353,226          12,459,292        $ 121,724,260  

Shares Issued for Reinvested Dividends

       656,086          6,471,032          733,802          7,182,031  

Shares Redeemed

       (9,197,312        (89,892,896        (8,008,432        (78,550,371
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       2,569,408          25,931,362          5,184,662          50,355,920  
    

 

 

      

 

 

      

 

 

      

 

 

 

Total Net Increase (Decrease)

       26,288,488        $ 267,817,200          36,400,937        $ 355,655,747  
    

 

 

      

 

 

      

 

 

      

 

 

 
Strategic Income Fund  

Class A

                   

Shares Sold

       13,346,771        $ 118,837,640          5,337,834        $ 45,379,327  

Shares Issued for Reinvested Dividends

       866,819          7,532,677          1,249,248          10,365,012  

Shares Redeemed

       (5,624,519        (48,357,802        (3,785,319        (31,991,992
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       8,589,071          78,012,515          2,801,763          23,752,347  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class C

                   

Shares Sold

       4,433,541        $ 39,397,046          2,302,354        $ 19,758,315  

Shares Issued for Reinvested Dividends

       172,344          1,505,044          290,056          2,410,006  

Shares Redeemed

       (2,518,682        (21,967,538        (2,444,655        (20,763,592
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       2,087,203          18,934,552          147,755          1,404,729  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class I

                   

Shares Sold

       107,606,359        $ 949,984,625          30,910,117        $ 263,931,079  

Shares Issued for Reinvested Dividends

       1,953,846          17,112,338          959,173          8,069,620  

Shares Redeemed

       (37,195,826        (321,439,864        (11,878,785        (101,419,868
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       72,364,379          645,657,099          19,990,505          170,580,831  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R3

                   

Shares Sold

       95,140        $ 849,021          37,478        $ 314,812  

Shares Issued for Reinvested Dividends

       3,268          28,423          2,869          23,881  

Shares Redeemed

       (5,016        (45,001        (3,280        (27,650
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       93,392          832,443          37,067          311,043  
    

 

 

      

 

 

      

 

 

      

 

 

 

 

 

  263  

 


Hartford Fixed Income Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

       For the Year Ended
October 31, 2020
       For the Year Ended
October 31, 2019
 
       Shares        Amount        Shares        Amount  
Strategic Income Fund – (continued)  

Class R4

                   

Shares Sold

       491,161        $ 4,299,455          5,506        $ 46,037  

Shares Issued for Reinvested Dividends

       5,175          46,207          1,621          13,396  

Shares Redeemed

       (37,816        (337,964        (49,613        (403,004
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       458,520          4,007,698          (42,486        (343,571
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R5

                   

Shares Sold

       1,128,324        $ 9,846,175          560,488        $ 4,780,070  

Shares Issued for Reinvested Dividends

       41,860          364,909          30,744          256,415  

Shares Redeemed

       (426,229        (3,659,866        (161,396        (1,361,870
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       743,955          6,551,218          429,836          3,674,615  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R6

                   

Shares Sold

       1,095,884        $ 9,817,038          193,442        $ 1,648,990  

Shares Issued for Reinvested Dividends

       14,400          126,449          4,905          41,455  

Shares Redeemed

       (153,866        (1,365,949        (22,482        (193,024
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       956,418          8,577,538          175,865          1,497,421  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class Y

                   

Shares Sold

       11,044,742        $ 98,123,559          452,980        $ 3,846,433  

Shares Issued for Reinvested Dividends

       174,069          1,523,119          25,600          212,429  

Shares Redeemed

       (1,209,957        (10,394,818        (218,812        (1,852,341
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       10,008,854          89,251,860          259,768          2,206,521  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class F

                   

Shares Sold

       14,928,674        $ 133,829,542          3,607,554        $ 30,670,566  

Shares Issued for Reinvested Dividends

       807,195          7,033,285          1,243,956          10,353,984  

Shares Redeemed

       (4,803,713        (41,174,194        (3,661,416        (31,099,334
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       10,932,156          99,688,633          1,190,094          9,925,216  
    

 

 

      

 

 

      

 

 

      

 

 

 

Total Net Increase (Decrease)

       106,233,948        $ 951,513,556          24,990,167        $ 213,009,152  
    

 

 

      

 

 

      

 

 

      

 

 

 
Total Return Bond Fund  

Class A

                   

Shares Sold

       28,885,483        $ 314,770,359          19,025,222        $ 196,518,945  

Issued in Merger

       2,156,231          24,253,074                    

Shares Issued for Reinvested Dividends

       2,247,855          24,550,223          2,778,685          28,504,805  

Shares Redeemed

       (13,562,584            (146,714,479        (11,677,288            (119,557,823
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       19,726,985          216,859,177          10,126,619          105,465,927  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class C

                   

Shares Sold

       287,581        $ 3,198,791          371,687        $ 3,785,829  

Issued in Merger

       1,148,560          13,070,389                    

Shares Issued for Reinvested Dividends

       34,775          384,209          58,484          608,239  

Shares Redeemed

       (1,157,868        (12,799,289        (977,330        (10,103,139
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       313,048          3,854,100          (547,159        (5,709,071
    

 

 

      

 

 

      

 

 

      

 

 

 

Class I

                   

Shares Sold

       20,059,875        $ 219,445,628          7,866,091        $ 81,958,506  

Issued in Merger

       2,022,055          22,674,107                    

Shares Issued for Reinvested Dividends

       389,549          4,249,385          207,666          2,134,627  

Shares Redeemed

       (5,681,806        (61,207,596        (3,018,555        (30,996,244
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       16,789,673          185,161,524          5,055,202          53,096,889  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R3

                   

Shares Sold

       146,280        $ 1,654,997          45,632        $ 479,293  

Issued in Merger

       2,655          30,689                    

Shares Issued for Reinvested Dividends

       8,416          94,367          12,612          133,255  

Shares Redeemed

       (149,521        (1,646,936        (115,574        (1,223,922
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       7,830          133,117          (57,330        (611,374
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R4

                   

Shares Sold

       534,048        $ 5,997,115          267,881        $ 2,802,154  

Issued in Merger

       1,126          12,908                    

Shares Issued for Reinvested Dividends

       22,339          248,694          36,574          381,854  

Shares Redeemed

       (436,828        (4,809,979        (352,304        (3,701,932
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       120,685          1,448,738          (47,849        (517,924
    

 

 

      

 

 

      

 

 

      

 

 

 

 

 

  264  

 


Hartford Fixed Income Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

       For the Year Ended
October 31, 2020
       For the Year Ended
October 31, 2019
 
       Shares        Amount        Shares        Amount  
Total Return Bond Fund – (continued)  

Class R5

                   

Shares Sold

       291,949        $ 3,243,533          53,597        $ 567,359  

Issued in Merger

       1,516          17,269                    

Shares Issued for Reinvested Dividends

       3,809          42,181          5,339          55,085  

Shares Redeemed

       (159,149        (1,748,398        (115,818        (1,222,982
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       138,125          1,554,585          (56,882        (600,538
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R6

                   

Shares Sold

       3,175,849        $ 34,624,258          3,703,333        $ 39,420,388  

Shares Issued for Reinvested Dividends

       142,818          1,565,097          30,408          323,855  

Shares Redeemed

       (1,385,972        (15,104,521        (143,790        (1,526,282
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       1,932,695          21,084,834          3,589,951          38,217,961  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class Y

                   

Shares Sold

       13,484,725        $ 149,148,655          5,602,467        $ 57,814,471  

Issued in Merger

       23,303          263,851                    

Shares Issued for Reinvested Dividends

       939,760          10,303,444          1,821,712          18,814,698  

Shares Redeemed

       (23,222,388        (249,279,226        (6,775,090        (70,516,335
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (8,774,600        (89,563,276        649,089          6,112,834  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class F

                   

Shares Sold

       43,913,726        $ 474,299,178          17,383,270        $ 178,690,231  

Issued in Merger

       217,574          2,424,664                    

Shares Issued for Reinvested Dividends

       2,095,170          22,645,999          2,026,031          20,609,541  

Shares Redeemed

       (12,058,383        (129,418,091        (34,857,787        (348,062,055
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       34,168,087          369,951,750          (15,448,486        (148,762,283
    

 

 

      

 

 

      

 

 

      

 

 

 

Total Net Increase (Decrease)

       64,422,528        $ 710,484,549          3,263,155        $ 46,692,421  
    

 

 

      

 

 

      

 

 

      

 

 

 
World Bond Fund  

Class A

                   

Shares Sold

       11,853,572        $ 124,563,268          17,509,270        $ 186,484,889  

Shares Issued for Reinvested Dividends

       916,828          9,618,889          1,559,019          16,244,806  

Shares Redeemed

       (12,689,889        (132,649,893        (11,870,173        (125,798,446
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       80,511          1,532,264          7,198,116          76,931,249  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class C

                   

Shares Sold

       1,578,580        $ 16,215,963          2,667,601        $ 27,699,556  

Shares Issued for Reinvested Dividends

       131,186          1,353,066          272,028          2,769,499  

Shares Redeemed

       (3,216,831        (33,065,235        (2,751,558        (28,652,862
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (1,507,065        (15,496,206        188,071          1,816,193  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class I

                   

Shares Sold

       91,513,500        $ 970,005,731          109,021,517        $ 1,166,336,650  

Shares Issued for Reinvested Dividends

       4,663,389          49,256,832          8,330,170          87,483,275  

Shares Redeemed

       (113,328,621            (1,193,910,175        (93,337,615            (1,001,215,415
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (17,151,732        (174,647,612        24,014,072          252,604,510  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R3

                   

Shares Sold

       108,636        $ 1,129,269          94,716        $ 992,361  

Shares Issued for Reinvested Dividends

       3,518          36,727          4,743          49,135  

Shares Redeemed

       (161,163        (1,659,947        (26,934        (283,813
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (49,009        (493,951        72,525          757,683  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R4

                   

Shares Sold

       849,081        $ 8,855,360          950,496        $ 10,241,730  

Shares Issued for Reinvested Dividends

       24,403          255,884          6,012          63,589  

Shares Redeemed

       (100,526        (1,053,542        (45,874        (488,262
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       772,958          8,057,702          910,634          9,817,057  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R5

                   

Shares Sold

       465,869        $ 4,906,254          496,165        $ 5,291,646  

Shares Issued for Reinvested Dividends

       14,524          153,384          19,966          210,139  

Shares Redeemed

       (300,932        (3,180,962        (283,234        (3,027,780
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       179,461          1,878,676          232,897          2,474,005  
    

 

 

      

 

 

      

 

 

      

 

 

 

 

 

  265  

 


Hartford Fixed Income Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

       For the Year Ended
October 31, 2020
       For the Year Ended
October 31, 2019
 
       Shares        Amount        Shares        Amount  
World Bond Fund – (continued)  

Class R6

                   

Shares Sold

       11,886,116        $ 125,598,122          1,340,006        $ 14,401,847  

Shares Issued for Reinvested Dividends

       65,574          691,752          58,237          614,774  

Shares Redeemed

       (2,918,313        (30,795,658        (743,966        (7,995,884
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       9,033,377          95,494,216          654,277          7,020,737  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class Y

 

Shares Sold

       18,859,020        $ 200,397,393          27,191,768        $ 293,099,600  

Shares Issued for Reinvested Dividends

       1,138,357          12,064,039          3,098,339          32,602,956  

Shares Redeemed

       (33,849,252        (357,158,394        (44,597,814        (482,694,394
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (13,851,875        (144,696,962        (14,307,707        (156,991,838
    

 

 

      

 

 

      

 

 

      

 

 

 

Class F

 

Shares Sold

       53,456,392        $ 565,674,517          62,411,375        $ 669,170,519  

Shares Issued for Reinvested Dividends

       4,833,555          51,124,691          7,698,936          81,054,043  

Shares Redeemed

       (107,074,605            (1,129,497,459        (29,639,426            (318,087,074
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (48,784,658        (512,698,251        40,470,885          432,137,488  
    

 

 

      

 

 

      

 

 

      

 

 

 

Total Net Increase (Decrease)

       (71,278,032      $ (741,070,124        59,433,770        $ 626,567,084  
    

 

 

      

 

 

      

 

 

      

 

 

 

 

  (1) 

Inception date was February 28, 2019.

 

13.

Fund Reorganizations:

At a meeting held February 4-5, 2020, the Board of Directors of the Company approved an Agreement and Plan of Reorganization that provided for the reorganization of The Hartford Quality Bond Fund (the “Quality Bond Fund”), a series of the Company, with and into the Total Return Bond Fund, a separate series of the Company (the “Reorganization”).

Pursuant to the terms of the Agreement and Plan of Reorganization, after the close of business on July 24, 2020, the Quality Bond Fund transferred all of its assets to the Total Return Bond Fund, in exchange for shares of the Total Return Bond Fund and the assumption of all of the liabilities of the Quality Bond Fund by the Total Return Bond Fund.

After the close of business on July 24, 2020, the consummation of the Reorganization was accomplished by a tax-free exchange of shares of the Total Return Bond Fund in the following amounts:

 

Share Class

   Net Assets of the
Quality Bond Fund as
of the close of
business on

July 24, 2020
(“Reorganization Date”)
     Shares of
the Quality
Bond Fund
as of the
Reorganization Date
     Value of
Shares

Issued by
the Total
Return Bond
Fund
     Shares
Issued

by the
Total
Return
Bond Fund
     Net Assets of
the Total Return
Bond

Fund
immediately

after the
Reorganization
 

Class A

   $     24,253,074        2,383,212      $     24,253,074        2,156,231      $     1,151,027,274  

Class C

     13,070,389        1,294,146        13,070,389        1,148,560        34,326,690  

Class I

     22,674,107        2,237,310        22,674,107        2,022,055        219,198,829  

Class R3

     30,689        3,014        30,689        2,655        5,054,080  

Class R4

     12,908        1,270        12,908        1,126        12,348,018  

Class R5

     17,269        1,701        17,269        1,516        1,873,131  

Class R6

     N/A        N/A        N/A        N/A        58,735,611  

Class Y

     263,851        25,859        263,851        23,303        334,195,150  

Class F

     2,424,664        239,494        2,424,664        217,574        849,103,140  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
   $ 62,746,951        6,186,006      $ 62,746,951        5,573,020      $ 2,665,861,923  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Each shareholder of a share class of the Quality Bond Fund received shares of the same share class of the Total Return Bond Fund with the same class designation and at the respective class NAV, as determined on the Reorganization Date.

Some of the investments held by the Quality Bond Fund may have been purchased or sold prior to the Reorganization for the purpose of complying with the anticipated investment policies or limitations of the Total Return Bond Fund after the Reorganization. The expenses associated with the Reorganization other than brokerage-related expenses, including stamp taxes and other similar transaction costs, were borne by HFMC or its affiliates.

As of the Reorganization Date, the Quality Bond Fund had investments valued at $61,543,600 with a cost basis of $58,380,594. For financial reporting purposes, assets received, liabilities assumed and shares issued by the Total Return Bond Fund were recorded at fair value; however,

 

 

  266  

 


Hartford Fixed Income Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

the cost basis of the investments received by the Total Return Bond Fund from the Quality Bond Fund were carried forward to align ongoing reporting of the Total Return Bond Fund’s realized and unrealized gains and losses with amounts distributable to shareholders for tax purposes.

The aggregate net assets of the Total Return Bond Fund immediately after the acquisition were $2,665,861,923 which included $3,163,006 of acquired unrealized appreciation.

Assuming the Reorganization had been completed on November 1, 2019, the Total Return Bond Fund’s pro-forma results of operations for the year ended October 31, 2020 are as follows:

 

Net investment income

   $ 57,820,897  

Net realized and unrealized gain (loss) on investments

   $ 109,427,219  

Net increase (decrease) in net assets from operations

   $ 167,248,116  

 

14.

Line of Credit:

Each Fund participates in a committed line of credit pursuant to a credit agreement dated March 5, 2020. Each Fund may borrow under the line of credit for temporary or emergency purposes. The Funds (together with certain other Hartford Funds) may borrow up to $350 million in the aggregate, subject to asset coverage and other limitations specified in the credit agreement. The interest rate on borrowings varies depending on the nature of the loan. The facility also charges a commitment fee, which is allocated ratably by assets based on a Fund’s actual net assets if the Fund has total assets of less than or equal to $1.05 billion and for all other participating funds, based on the notional asset level of $1.05 billion. During and as of the year ended October 31, 2020, none of the Funds had borrowings under this facility.

 

15.

Indemnifications:

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

 

16.

Recent Accounting Pronouncement:

The Financial Accounting Standards Board (“FASB”) issued ASU 2017-08 (the “ASU”) to amend the amortization period to the earliest call date for purchased callable debt securities held at a premium. The ASU is effective for public entities for fiscal years beginning after December 15, 2018, and for private entities one year later. Upon initial adoption, the impacted Funds adjusted the cost of their callable debt securities by the cumulative amount of amortization that would have been recognized had the amortization period initially extended only to the earliest call date, with a corresponding reclassification between interest income and net realized gain (loss) on investments or net unrealized appreciation (depreciation) of investments in the Statements of Operations. The adoption of the ASU does not affect the impacted Funds’ net asset values and the cumulative effect to the impacted Funds resulting from the adoption of amending the amortization period to the earliest call date for callable debt securities is as follows:

 

           For the Year Ended October 31, 2020  

Funds

   Cost of
Investments
As of
November 1,
2019
    Interest
Income
    Net Unrealized
Appreciation
(Depreciation)
of Investments
    Net Realized
Gains (Loss)
on Investments
    Distributable
Earnings
 

Emerging Markets Local Debt Fund

   $ 216     $ 59     $ 174     $ (233   $ (216

Floating Rate Fund

     26,624       18,369       20,776           (39,145     (26,624

Floating Rate High Income Fund

     6,753       3,420       5,535       (8,955     (6,753

High Yield Fund

         171,005       27,465       67,889       (95,354         (171,005

Inflation Plus Fund

           65       (65            

Municipal Income Fund

     (1,830     899       (899           1,830  

Municipal Opportunities Fund

     (3,510         (117,227         117,226       1       3,510  

Municipal Short Duration Fund

     1,030       1,167       (1,167           (1,030

Short Duration Fund

     8,128       (3,892     8,128       (4,236     (8,128

Strategic Income Fund

     (74,024     (84,383     33,376       51,007       74,024  

Total Return Bond Fund

     4,922       10,165       (7,167     (2,998     (4,922

World Bond Fund

     152,934       (983,299     947,538       35,761       (152,934

In August 2018, the FASB issued Accounting Standards Update 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement (“ASU 2018-13”). The update introduces new fair value disclosure requirements, eliminates some prior fair value disclosure requirements, and modifies certain existing fair value disclosure requirements.

 

 

  267  

 


Hartford Fixed Income Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

ASU 2018-13 is effective for fiscal years beginning after December 15, 2019 and for interim periods within those fiscal years. Management has adopted this guidance and it did not have a material impact on the Funds’ financial statements.

In March 2020, FASB issued Accounting Standards Update (“ASU”) No. 2020-04, Reference Rate Reform (Topic 848); Facilitation of the Effects of Reference Rate Reform on Financial Reporting, which provides optional guidance for a limited period of time to ease the potential burden in accounting for (or recognizing the effects of) reference rate reform. The guidance is applicable to contracts referencing LIBOR or another reference rate that is expected to be discontinued due to reference rate reform. The ASU is effective as of March 12, 2020 and generally can be applied through December 31, 2022. Management is evaluating the underlying securities referencing LIBOR or another reference rate that is expected to be discontinued over the period of time the ASU is effective.

 

17.

Change in Independent Registered Public Accounting Firm:

On November 6, 2019, the Company, on behalf of the Funds, dismissed Ernst & Young LLP (“EY”) as the Funds’ independent registered public accounting firm effective upon the issuance of EY’s report on the Funds’ financial statements as of and for the fiscal year ended October 31, 2019. EY’s report on the Funds’ financial statements for the fiscal years October 31, 2018 and October 31, 2019 contained no adverse opinion or disclaimer of opinion nor was EY’s report qualified or modified as to uncertainty, audit scope or accounting principles. During the Funds’ fiscal periods ended on October 31, 2018 and October 31, 2019 and through December 30, 2019 (the “Covered Period”), (i) there were no disagreements with EY on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of EY, would have caused it to make reference to the subject matter of the disagreements in connection with its reports on the Funds’ financial statements for the Covered Period, and (ii) there were no “reportable events” of the kind described in Item 304(a)(1)(v) of Regulation S-K under the Securities Exchange Act of 1934, as amended.

On November 6, 2019, the Audit Committee of the Company’s Board of Directors participated in and approved the decision to engage PricewaterhouseCoopers LLP (“PwC”) as the independent registered public accounting firm for the Funds for the fiscal year ended October 31, 2020. The selection of PwC does not reflect any disagreements with or dissatisfaction by the Company or the Board of Directors with the performance of the Funds’ prior independent registered public accounting firm, EY. During the Covered Period, neither the Funds, nor anyone on their behalf, consulted with PwC on items which: (i) concerned the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Funds’ financial statements; or (ii) concerned the subject of a disagreement (as defined in paragraph (a)(1)(iv) of Item 304 of Regulation S-K) or reportable events (as described in paragraph (a)(1)(v) of Item 304 of Regulation S-K).

 

18.

Subsequent Events:

In connection with the preparation of the financial statements of the Funds as of and for the year ended October 31, 2020, events and transactions subsequent to October 31, 2020, through the date the financial statements were issued have been evaluated by the Funds’ management for possible adjustment and/or disclosure.

 

 

  268  

 


Report of Independent Registered Public Accounting Firm

To the Board of Directors of The Hartford Mutual Funds, Inc. and Shareholders of The Hartford Emerging Markets Local Debt Fund, The Hartford Floating Rate Fund, The Hartford Floating Rate High Income Fund, The Hartford High Yield Fund, The Hartford Inflation Plus Fund, Hartford Municipal Income Fund, The Hartford Municipal Opportunities Fund, Hartford Municipal Short Duration Fund, The Hartford Short Duration Fund, The Hartford Strategic Income Fund, The Hartford Total Return Bond Fund and The Hartford World Bond Fund

 

 

 

Opinions on the Financial Statements

We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of The Hartford Emerging Markets Local Debt Fund, The Hartford Floating Rate Fund, The Hartford Floating Rate High Income Fund, The Hartford High Yield Fund, The Hartford Inflation Plus Fund, Hartford Municipal Income Fund, The Hartford Municipal Opportunities Fund, Hartford Municipal Short Duration Fund, The Hartford Short Duration Fund, The Hartford Strategic Income Fund, The Hartford Total Return Bond Fund and The Hartford World Bond Fund (twelve of the funds constituting The Hartford Mutual Funds, Inc., hereafter collectively referred to as the “Funds”) as of October 31, 2020, the related statements of operations for the year ended October 31, 2020, the statements of changes in net assets for the year ended October 31, 2020, including the related notes, and the financial highlights for the year ended October 31, 2020 (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds as of October 31, 2020, the results of each of their operations, the changes in each of their net assets, and each of the financial highlights for the year then ended, in conformity with accounting principles generally accepted in the United States of America.

The financial statements of the Funds as of and for the year ended October 31, 2019 and the financial highlights for each of the periods ended on or prior to October 31, 2019 (not presented herein, other than the statements of changes in net assets and financial highlights) were audited by other auditors whose report dated December 30, 2019 expressed an unqualified opinion on those financial statements and financial highlights.

Basis for Opinions

These financial statements are the responsibility of the Funds’ management. Our responsibility is to express an opinion on the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of October 31, 2020 by correspondence with the custodian, transfer agent, agent banks and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinions.

/s/ PricewaterhouseCoopers LLP

Philadelphia, Pennsylvania

December 29, 2020

We have served as the auditor of one or more Hartford Funds investment companies since 2020.

 

 

  269  

 


Hartford Fixed Income Funds

Operation of the Liquidity Risk Management Program (Unaudited)

 

 

 

This section describes the operation and effectiveness of the Liquidity Risk Management Program (“LRM Program”) established in accordance with Rule 22e-4 under the Investment Company Act of 1940, as amended (the “Liquidity Rule”). The LRM Program seeks to assess and manage each Fund’s liquidity risk. The Liquidity Rule generally defines liquidity risk as the risk that a Fund could not meet its obligation to redeem shares without significant dilution of the non-redeeming investors’ interests in the Fund. The Board of Directors (“Board”) of The Hartford Mutual Funds, Inc. has appointed Hartford Funds Management Company, LLC (“HFMC”) to serve as the administrator of the LRM Program with respect to each of the Funds, subject to the oversight of the Board. In order to efficiently and effectively administer the LRM Program, HFMC established a Liquidity Risk Oversight Committee.

The LRM Program is comprised of various components designed to support the assessment and/or management of liquidity risk, including: (1) the assessment and periodic review (no less frequently than annually) of certain factors that influence each Fund’s liquidity risk; (2) the classification and periodic review (no less frequently than monthly) of each Fund’s investments into one of four liquidity categories that reflect an estimate of their liquidity under current market conditions; (3) a 15% limit on the acquisition of “illiquid investments” (as defined under the Liquidity Rule); (4) the determination of a minimum percentage of each Fund’s assets that generally will be invested in highly liquid investments (“HLIM”); (5) the periodic review (no less frequently than annually) of the HLIM and the adoption and implementation of policies and procedures for responding to a shortfall of a Fund’s highly liquid investments below its HLIM; and (6) periodic reporting to the Board.

At a meeting of the Board held May 5-6, 2020, HFMC provided an annual written report to the Board covering the period from the inception date of the current LRM Program through April 30, 2020. The annual report addressed important aspects of the LRM Program, including, but not limited to:

 

 

the operation of the LRM Program (and related policies and procedures utilized in connection with management of the Funds’ liquidity risk);

 

 

an assessment of the adequacy and effectiveness of the LRM Program’s (and related policies and procedures’) implementation;

 

 

the operation, and assessment of the adequacy and effectiveness, of each Fund’s HLIM;

 

 

whether the third-party liquidity vendor’s (“LRM Program Vendor”) processes for determining preliminary liquidity classifications, including the particular methodologies or factors used and metrics analyzed by the LRM Program Vendor, are sufficient under the Liquidity Rule and appropriate in light of each Fund’s specific circumstances; and

 

 

any material changes to the LRM Program.

In addition, HFMC provides a quarterly report on the LRM Program at each quarterly meeting of the Board’s Compliance and Risk Oversight Committee. The quarterly report included information regarding the Funds’ liquidity as measured by established parameters, a summary of developments within the capital markets that may impact liquidity, and other factors that may impact liquidity. Among other things, HFMC reports any changes to a Fund’s HLIM.

Since the inception of the LRM Program, HFMC has not reduced the HLIM for any Fund. HFMC reported that it has increased the HLIM for Hartford Municipal Short Duration Fund and The Hartford World Bond Fund, and discussed its rationale for the changes.

Based on its review and assessment, HFMC has concluded that the LRM Program is operating effectively to assess and manage the liquidity risk of each Fund and that the LRM Program has been and continues to be adequately and effectively implemented with respect to each Fund. Because liquidity in the capital markets in which the Funds invest is beyond the control of the Funds, there can be no assurance that the LRM Program will ensure liquidity under all circumstances and does not protect against the risk of loss.

 

 

  270  

 


Hartford Fixed Income Funds

Directors and Officers of the Company (Unaudited)

 

 

 

The Hartford Mutual Funds, Inc. (the “Company”) is governed by a Board of Directors (the “Directors”). The following tables present certain information regarding the Directors and officers of the Company as of October 31, 2020. For more information regarding the Directors and officers, please refer to the Statement of Additional Information, which is available, without charge, upon request by calling 1-888-843-7824.

 

NAME, YEAR OF BIRTH

AND ADDRESS(1)

  

POSITION
HELD WITH
THE COMPANY

 

TERM OF
OFFICE(2) AND
LENGTH OF
TIME SERVED

 

PRINCIPAL OCCUPATION(S)

DURING PAST 5 YEARS

  NUMBER OF
PORTFOLIOS
IN FUND
COMPLEX(3)
OVERSEEN
BY DIRECTOR
  

OTHER DIRECTORSHIPS
FOR PUBLIC COMPANIES
AND OTHER REGISTERED
INVESTMENT COMPANIES
HELD BY DIRECTOR

NON-INTERESTED DIRECTORS*

HILARY E. ACKERMANN

(1956)

   Director   Since 2014   Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011.   73    Ms. Ackermann served as a Director of Dynegy, Inc. from October 2012 until its acquisition in by Vistra Energy Corporation in 2018, and since that time she has served as a Director of Vistra. Ms. Ackermann serves as a Director of Credit Suisse Holdings (USA), Inc. from January 2017 to present.

ROBIN C. BEERY

(1967)

   Director   Since 2017   Ms. Beery has served as a consultant to ArrowMark Partners (an alternative asset manager) since March of 2015 and since November 2018 has been employed by ArrowMark Partners as a Senior Advisor. Previously, she was Executive Vice President, Head of Distribution, for Janus Capital Group, and Chief Executive Officer and President of the Janus Mutual Funds (a global asset manager) from September 2009 to August 2014.   73    Ms. Beery serves as an Independent Director of UMB Financial Corporation (January 2015 to present), has chaired the Compensation Committee since April 2017, and serves on the Audit Committee and the Risk Committee.

LYNN S. BIRDSONG

(1946)

   Director and Chair of the Board   Director since 2003; Chair of the Board since 2019   From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm.   73    None

CHRISTINE R. DETRICK

(1958)

   Director   Since 2016   Ms. Detrick served as a Senior Partner/Advisor at Bain & Company (a management consulting firm) from September 2002 to December 2012.   73    Ms. Detrick serves as a Director and Chair of the Nominating and Governance Committee of Reinsurance Group of America (from January 2014 to present). She also serves as a Director of Charles River Associates (May 2020 to present).

DUANE E. HILL(4)

(1945)

   Director   Since 2001   Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that served as sponsor and lead investor in leveraged buyouts of middle market companies.   73    None

LEMMA W. SENBET

(1946)

   Director   Since 2005   Dr. Senbet currently serves as the William E. Mayer Chair Professor of Finance, in the Robert H. Smith School of Business at the University of Maryland, where he was chair of the Finance Department from 1998 to 2006. In June 2013, he began a sabbatical from the University to serve as Executive Director of the African Economic Research Consortium which focuses on economic policy research and training, which he completed in 2018.   73    None

DAVID SUNG

(1953)

   Director   Since 2017   Mr. Sung was a Partner at Ernst & Young LLP from October 1995 to July 2014.   73    Mr. Sung serves as a Trustee of Ironwood Institutional Multi-Strategy Fund, LLC and Ironwood Multi-Strategy Fund, LLC (October 2015 to present).

 

 

  271  

 


Hartford Fixed Income Funds

Directors and Officers of the Company (Unaudited) – (continued)

 

 

 

NAME, YEAR OF BIRTH

AND ADDRESS(1)

  

POSITION
HELD WITH
THE COMPANY

 

TERM OF
OFFICE(2) AND
LENGTH OF
TIME SERVED

 

PRINCIPAL OCCUPATION(S)

DURING PAST 5 YEARS

  NUMBER OF
PORTFOLIOS
IN FUND
COMPLEX(3)
OVERSEEN
BY DIRECTOR
  

OTHER DIRECTORSHIPS
FOR PUBLIC COMPANIES
AND OTHER REGISTERED
INVESTMENT COMPANIES
HELD BY DIRECTOR

OFFICERS AND INTERESTED DIRECTORS

JAMES E. DAVEY(5)

(1964)

   Director, President and Chief Executive Officer   President and Chief Executive Officer since 2010; Director since 2012   Mr. Davey serves as Executive Vice President of The Hartford Financial Services Group, Inc. Mr. Davey has served in various positions within The Hartford and its subsidiaries and joined The Hartford in 2002. Additionally, Mr. Davey serves as Director, Chairman, President, and Senior Managing Director for Hartford Funds Management Group, Inc. (“HFMG”). Mr. Davey also serves as President, Manager, Chairman of the Board, and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”); Manager, Chairman of the Board, and President of Lattice Strategies LLC (“Lattice”); Chairman of the Board, Manager, and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”); and Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”), each of which is an affiliate of HFMG.   73    None

ANDREW S. DECKER

(1963)

   AML Compliance Officer   Since 2015   Mr. Decker serves as Chief Compliance Officer and AML Compliance Officer of HASCO (since April 2015) and Vice President of HASCO (since April 2018). Mr. Decker serves as AML Officer of HFD (since May 2015). Mr. Decker also serves as Vice President of HFMG (since April 2018). Prior to joining The Hartford, Mr. Decker served as Vice President and AML Officer at Janney Montgomery Scott (a broker dealer) from April 2011 to January 2015.   N/A    N/A

AMY N. FURLONG

(1979)

   Vice President and Treasurer   Since 2018   Ms. Furlong serves as Vice President and Assistant Treasurer of HFMC (since September 2019). Ms. Furlong has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Furlong joined The Hartford in 2004.   N/A    N/A

WALTER F. GARGER

(1965)

   Vice President and Chief Legal Officer   Since 2016   Mr. Garger serves as Secretary, Managing Director and General Counsel of HFMG, HFMC, HFD, and HASCO (since 2013). Mr. Garger also serves as Secretary and General Counsel of Lattice (since July 2016). Mr. Garger has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Garger joined The Hartford in 1995.   N/A    N/A

THEODORE J. LUCAS

(1966)

   Vice President   Since 2017   Mr. Lucas serves as Executive Vice President of HFMG (since July 2016) and as Executive Vice President of Lattice (since June 2017). Previously, Mr. Lucas served as Managing Partner of Lattice (2003 to 2016).   N/A    N/A

JOSEPH G. MELCHER

(1973)

   Vice President and Chief Compliance Officer   Since 2013   Mr. Melcher serves as Executive Vice President of HFMG and HASCO (since December 2013). Mr. Melcher also serves as Executive Vice President (since December 2013) and Chief Compliance Officer (since December 2012) of HFMC, serves as Executive Vice President and Chief Compliance Officer of Lattice (since July 2016), serves as Executive Vice President of HFD (since December 2013), and has served as President and Chief Executive Officer of HFD (from April 2018 to June 2019).   N/A    N/A

 

 

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Hartford Fixed Income Funds

Directors and Officers of the Company (Unaudited) – (continued)

 

 

 

NAME, YEAR OF BIRTH

AND ADDRESS(1)

  

POSITION
HELD WITH
THE COMPANY

 

TERM OF
OFFICE(2) AND
LENGTH OF
TIME SERVED

 

PRINCIPAL OCCUPATION(S)

DURING PAST 5 YEARS

  NUMBER OF
PORTFOLIOS
IN FUND
COMPLEX(3)
OVERSEEN
BY DIRECTOR
  

OTHER DIRECTORSHIPS
FOR PUBLIC COMPANIES
AND OTHER REGISTERED
INVESTMENT COMPANIES
HELD BY DIRECTOR

VERNON J. MEYER

(1964)

   Vice President   Since 2006   Mr. Meyer serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG (since 2013). Mr. Meyer also serves as Senior Vice President-Investments of Lattice (since March 2019). Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004.   N/A    N/A

ALICE A. PELLEGRINO

(1960)

  

Vice President

and Assistant Secretary

  Since 2016   Ms. Pellegrino serves as Vice President of HFMG (since December 2013). Ms. Pellegrino also serves as Vice President and Assistant Secretary of Lattice (since June 2017). Ms. Pellegrino is a Senior Counsel and has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Pellegrino joined The Hartford in 2007.   N/A    N/A

THOMAS R. PHILLIPS

(1960)

  

Vice President

and Secretary

  Since 2017   Mr. Phillips is Deputy General Counsel for HFMG and currently serves as Vice President (since February 2017) and Assistant Secretary (since June 2017) for HFMG. Prior to joining HFMG in 2017, Mr. Phillips was a Director and Chief Legal Officer of Saturna Capital Corporation from 2014–2016. Prior to that, Mr. Phillips was a Partner and Deputy General Counsel of Lord, Abbett & Co. LLC.   N/A    N/A

 

*

Following their election by shareholders, the following persons become Directors effective November 2, 2020:

Derrick D. Cephas – Until his retirement in October 2020, Mr. Cephas was a Partner of Weil, Gotshal & Manges LLP, an international law firm headquartered in New York, where he served as the Head of the Financial Institutions Practice (April 2011 to October 2020). Mr. Cephas serves as a Director of Signature Bank, a New York-based commercial bank, and is a member of the Credit Committee, Examining Committee and Risk Committee (March 2016 to present).

Andrew A. Johnson – Mr. Johnson currently serves as a Diversity and Inclusion Advisor at Neuberger Berman, a private, global investment management firm. Prior to his current role, Mr. Johnson served as Chief Investment Officer and Head of Global Investment Grade Fixed Income at Neuberger Berman (January 2009 to December 2018).

Paul L. Rosenberg – Mr. Rosenberg is a Partner of The Bridgespan Group, a global nonprofit consulting firm that is a social impact advisor to nonprofits, non-governmental organizations, philanthropists and institutional investors (October 2007 to present).

 

(1)

The address for each officer and Director is c/o Hartford Funds 690 Lee Road, Wayne, Pennsylvania 19087.

(2)

Each Director holds an indefinite term until his or her retirement, resignation, removal, or death. Directors generally must retire no later than December 31 of the year in which the Director turns 75 years of age. Each Fund officer generally serves until his or her resignation, removal, or death.

(3)

The portfolios of the “Fund Complex” are operational series of The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., Hartford HLS Series Fund II, Inc., Lattice Strategies Trust, Hartford Funds Exchange-Traded Trust, and Hartford Schroders Opportunistic Income Fund.

(4)

Effective December 31, 2020, Mr. Hill will retire from the Board of Directors.

(5)

“Interested person,” as defined in the 1940 Act, of the Company because of the person’s affiliation with, or equity ownership of, HFMC, HFD or affiliated companies.

 

 

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

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

QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)

Each Fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. Each Fund’s Form N-PORT reports are available (1) without charge, upon request, by calling 888-843-7824, (2) on the Funds’ website, hartfordfunds.com, and (3) on the SEC’s website at http://www.sec.gov.

 

 

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Hartford Fixed Income Funds

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

 

 

 

The Hartford Mutual Funds, Inc.

The Hartford Emerging Markets Local Debt Fund

The Hartford Floating Rate Fund

The Hartford Floating Rate High Income Fund

The Hartford High Yield Fund

The Hartford Inflation Plus Fund

Hartford Municipal Income Fund

The Hartford Municipal Opportunities Fund

Hartford Municipal Short Duration Fund

The Hartford Short Duration Fund

The Hartford Strategic Income Fund

The Hartford Total Return Bond Fund

The Hartford World Bond Fund

(each, a “Fund” and collectively, the “Funds”)

Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), annually review and consider the continuation of the mutual fund’s investment advisory and sub-advisory agreements. At its meeting held on August 4-5, 2020, the Board of Directors (the “Board”) of The Hartford Mutual Funds, Inc. (“HMF”), including each of the Independent Directors, unanimously voted to approve (i) the continuation of an investment management agreement by and between Hartford Funds Management Company, LLC (“HFMC”) and each of HMF, on behalf of The Hartford Emerging Markets Local Debt Fund, The Hartford Floating Rate Fund, The Hartford High Yield Fund, The Hartford Inflation Plus Fund, Hartford Municipal Income Fund, Hartford Municipal Short Duration Fund, The Hartford Short Duration Fund, The Hartford Strategic Income Fund, The Hartford Total Return Bond Fund, and The Hartford World Bond Fund, and The Hartford Mutual Funds II, Inc. (“HMF II”), on behalf of its series (the “Management Agreement”); (ii) the continuation of a separate investment management agreement by and between HFMC and HMF, on behalf of The Hartford Floating Rate High Income Fund and The Hartford Municipal Opportunities Fund (the “2013 Investment Management Agreement” and together with the Management Agreement, the “Management Agreements”); and (iii) the continuation of an investment sub-advisory agreement (the “Sub-Advisory Agreement,” and together with the Management Agreements, the “Agreements”) between HFMC and each Fund’s sub-adviser, Wellington Management Company LLP (the “Sub-adviser,” and together with HFMC, the “Advisers”), with respect to each Fund.

In the months preceding the August 4-5, 2020 meeting, the Board requested and reviewed written responses from the Advisers to questions posed to the Advisers on behalf of the Independent Directors and supporting materials relating to those questions and responses. In addition, the Board considered such additional information as it deemed reasonably necessary to evaluate the Agreements, as applicable, with respect to each Fund, which included information furnished to the Board and its committees at their meetings throughout the year and in between regularly scheduled meetings on particular matters as the need arose, as well as information specifically prepared in connection with the approval of the continuation of the Agreements that was presented at the Board’s meetings held on June 16-17, 2020 and August 4-5, 2020. Information provided to the Board and its committees at their meetings throughout the year included, among other things, reports on Fund performance, legal, compliance and risk management matters, sales and marketing activity, shareholder services, and the other services provided to each Fund by the Advisers and their affiliates. The members of the Board also considered the materials and presentations by Fund officers and representatives of HFMC received at the Board’s meetings on June 16-17, 2020 and August 4-5, 2020 concerning the Agreements and at the special meeting of the Board’s Investment Committee on May 12, 2020 concerning Fund performance and other investment-related matters.

The Independent Directors, advised by independent legal counsel throughout the evaluation process, engaged service providers to assist them with evaluating the Agreements with respect to each Fund, as applicable. Broadridge Financial Solutions, Inc. (“Broadridge”), an independent provider of investment company data, was retained to provide the Board with reports on how each Fund’s contractual management fees, actual management fees, overall expense ratios and investment performance compared to those of comparable mutual funds with similar investment objectives. The Independent Directors also engaged an independent financial services consultant (the “Consultant”) to assist them in evaluating each Fund’s contractual management fees, actual management fees, overall expense ratios and investment performance. In addition, the Consultant reviewed the profitability methodologies utilized by HFMC in connection with the continuation of the Management Agreements.

In determining whether to approve the continuation of the Agreements for a Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate through the exercise of their reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to approve the continuation of the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreements. The Board was also furnished with an analysis of its fiduciary obligations in connection with its evaluation of the Agreements. Throughout the evaluation process, the Board was assisted by counsel for the Funds. The Independent Directors were also separately assisted by independent legal counsel throughout the evaluation process. In connection with their deliberations, the Independent Directors met separately with independent

 

 

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Hartford Fixed Income Funds

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

 

 

 

legal counsel and the Consultant on June 12, 2020 and in executive session on several occasions to consider their responsibilities under relevant laws and regulations and to discuss the materials presented and other matters deemed relevant to their consideration of the approval of the continuation of the Agreements. As a result of the discussions that occurred during the June 12, 2020 and June 16-17, 2020 meetings, the Independent Directors presented HFMC with requests for additional information on certain topics. HFMC responded to these requests with written additional information in advance of the August 4-5, 2020 meeting. A more detailed summary of the important, but not necessarily all, factors the Board considered with respect to its approval of the continuation of the Agreements is provided below.

Nature, Extent and Quality of Services Provided by the Advisers

The Board requested and considered information concerning the nature, extent and quality of the services provided to each Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services provided by the Advisers. The Board considered the Advisers’ professional personnel who provide services to the Funds, including each Adviser’s ability and experience in attracting and retaining qualified personnel to service the Funds. The Board considered each Adviser’s reputation and overall financial strength, as well as each Adviser’s willingness to consider and implement organizational and operational changes designed to enhance services to the funds managed by HFMC and its affiliates (the “Hartford funds”). In addition, the Board considered the quality of each Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Funds and other Hartford funds. In this regard, the Board took into account the Advisers’ communications with the Board in light of the market volatility amidst the coronavirus (“COVID-19”) pandemic.

The Board also requested and evaluated information concerning each Adviser’s regulatory and compliance environment. In this regard, the Board requested and reviewed information about each Adviser’s compliance policies and procedures, compliance history, and a report from the Funds’ Chief Compliance Officer about each Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and any compliance or other issues raised by regulators. The Board also noted the Advisers’ support of the Funds’ compliance control structure, as applicable, and, in particular, the resources devoted by the Advisers in support of the Funds’ obligations pursuant to Rule 38a-1 under the 1940 Act and the Funds’ liquidity risk management program, as well as the efforts of the Advisers to combat cybersecurity risks. The Board also considered HFMC’s investments in business continuity planning designed to benefit the Funds, and the implementation of HFMC’s business continuity plans due to the COVID-19 pandemic. The Board also noted HFMC’s commitment to maintaining high quality systems and expending substantial resources to prepare for and respond to ongoing changes to the market, regulatory and control environments in which the Funds and their service providers operate, including changes associated with the COVID-19 pandemic.

With respect to HFMC, the Board noted that, under the Management Agreements, HFMC is responsible for the management of the Funds, including oversight of fund operations and service providers, and the provision of administrative and investment advisory services in connection with selecting, monitoring and supervising the Sub-adviser. In this regard, the Board evaluated information about the nature and extent of responsibilities retained and risks assumed by HFMC that were not delegated to or assumed by the Sub-adviser. The Board considered HFMC’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the Hartford funds’ portfolio managers. The Board noted that HFMC has demonstrated a record of initiating changes to the portfolio management and/or investment strategies of the Hartford funds when warranted. The Board considered HFMC’s periodic due diligence reviews of the Sub-adviser and ongoing oversight of the Sub-adviser’s investment approach and results, process for monitoring best execution of portfolio trades and other trading operations by the Sub-adviser, and approach to risk management with respect to the Funds and the service providers to the Funds. The Board considered HFMC’s oversight of the securities lending program for the Funds that engage in securities lending and noted the income earned by the Funds that participate in such program. The Board also considered HFMC’s day-to-day oversight of each Fund’s compliance with its investment objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of HFMC’s oversight in this regard. Moreover, the Board considered HFMC’s oversight of potential conflicts of interest between the Funds’ investments and those of other funds or accounts managed by the Funds’ portfolio management personnel.

In addition, the Board considered HFMC’s ongoing commitment to review and rationalize the Hartford funds product line-up. The Board also considered the expenses that HFMC had incurred, as well as the risks HFMC had assumed, in connection with the launch of new funds and changes to existing Hartford funds in recent years. The Board considered that HFMC is responsible for providing the Funds’ officers.

With respect to the Sub-adviser, which provides certain day-to-day portfolio management services for the Funds, subject to oversight by HFMC, the Board considered, among other things, the Sub-adviser’s investment personnel, investment philosophy and process, investment research capabilities and resources, performance record, trade execution capabilities and experience. The Board considered the experience of each Fund’s portfolio manager(s), the number of accounts managed by the portfolio manager(s), and the Sub-adviser’s method for compensating the portfolio manager(s). The Board also considered the Sub-adviser’s succession planning practices to ensure continuity of portfolio management services provided to the Funds.

The Board considered the benefits to shareholders of being part of the family of Hartford funds, including, with respect to certain share classes, the right to exchange investments between the same class of shares without a sales charge, the ability to reinvest Fund dividends into other Hartford funds (excluding the Hartford funds that are exchange-traded funds or an interval fund), and the ability to combine holdings in a Fund with holdings in other Hartford funds (excluding the Hartford funds that are exchange-traded funds or an interval fund) and 529 plans for which HFMC serves as the program

 

 

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Hartford Fixed Income Funds

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

 

 

 

manager to obtain a reduced sales charge. The Board considered HFMC’s efforts to provide investors in the Hartford funds with a broad range of investment styles and asset classes and the assumption of entrepreneurial and other risks by HFMC in sponsoring and providing ongoing services to new funds to expand these opportunities for shareholders. In addition, the Board observed that in the marketplace there are a range of investment options available to each Fund’s shareholders and such shareholders, having had the opportunity to consider other investment options, have chosen to invest in the Fund.

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

Performance of each Fund and the Advisers

The Board considered the investment performance of each Fund. In this regard, the Board reviewed the performance of each Fund over different time periods presented in the materials and evaluated HFMC’s analysis of the Fund’s performance for these time periods. The Board considered information and materials provided to the Board by the Advisers concerning Fund performance, as well as information from Broadridge comparing the investment performance of each Fund to an appropriate universe of peer funds. The Board noted that while it found the comparative data provided by Broadridge generally useful in evaluating a Hartford fund’s investment performance, the Board recognized the limitations of such data, including, in particular, that notable differences may exist between a Hartford fund and its peers. For details regarding each Fund’s performance, see the Fund-by-Fund synopsis below.

The Board considered the detailed investment analytics reports provided by HFMC’s Investment Advisory Group throughout the year, including in connection with the approval of the continuation of the Agreements. These reports included, among other things, information on each Fund’s gross returns and net returns, the Fund’s investment performance compared to one or more appropriate benchmarks and relevant groups or categories of peer funds, various statistics concerning the Fund’s portfolio, a narrative summary of various factors affecting Fund performance, and commentary on the effect of current and recent market conditions. The Board considered the Advisers’ work with the Investment Committee, which assists the Board in evaluating the performance of each Fund at periodic meetings throughout the year and specifically with respect to the approval of the continuation of the Agreements. The Board considered that the Investment Committee, in its evaluation of investment performance at meetings throughout the year, focused particular attention on information indicating less favorable performance of certain Hartford funds for specific time periods and discussed with the Advisers the reasons for such performance. The Board also considered the analysis provided by the Consultant relating to each Fund’s performance track record.

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

Costs of the Services and Profitability of the Advisers

The Board reviewed information regarding HFMC’s cost to provide investment management and related services to each Fund and HFMC’s profitability, both overall and for each Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to HFMC and its affiliates from all services provided to each Fund and all aspects of their relationship with the Fund, including information regarding profitability trends over time and information provided by Broadridge analyzing the profitability of managers to other fund complexes. The Board also requested and received information relating to the operations and profitability of the Sub-adviser. The Board considered representations from HFMC and the Sub-adviser that the Sub-adviser’s fees were negotiated at arm’s length on a Fund-by-Fund basis and that the sub-advisory fees are paid by HFMC and not the Funds. Accordingly, the Board concluded that the profitability of the Sub-adviser is a less relevant factor with respect to the Board’s consideration of the Sub-Advisory Agreement.

The Board considered the Consultant’s review of the methodologies and estimates used by HFMC in calculating profitability in connection with the continuation of the Management Agreements, including a description of the methodology used to allocate certain expenses. The Board noted that the Consultant, at the Independent Directors’ request, performed a full review of HFMC’s process for calculating and reporting Fund profitability consistent with similar periodic reviews previously performed by the Consultant. The Board noted the Consultant’s view that such process is reasonable, sound and consistent with common industry practice.

Based on these considerations, the Board concluded that the profits realized by the Advisers and their affiliates from their relationships with each Fund were not excessive.

Comparison of Fees and Services Provided by the Advisers

The Board considered the comparative information that had been provided at meetings on June 16-17, 2020 and August 4-5, 2020 with respect to the services rendered to and the management fees to be paid by each Fund to HFMC and the total expense ratios of the Fund. The Board also considered comparative information with respect to the sub-advisory fees to be paid by HFMC to the Sub-adviser with respect to each Fund. In this regard, the Board requested and reviewed information from HFMC and the Sub-adviser relating to the management and sub-advisory fees, including the sub-advisory fee schedule for each Fund and the amount of the management fee retained by HFMC, and total operating expenses for each Fund. The

 

 

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Hartford Fixed Income Funds

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

 

 

 

Board also reviewed information from Broadridge comparing each Fund’s contractual management fees, actual management fees and total expense ratios relative to an appropriate group of funds selected by Broadridge. The Board considered such information from Broadridge in consultation with the Consultant. For details regarding each Fund’s expenses, see the Fund-by-Fund synopsis below.

The Board considered the methodology used by Broadridge to select the funds included in the expense groups. While the Board recognized that comparisons between a Fund and its peer funds may be imprecise given, among other differences, the different service levels and characteristics of mutual funds and the different business models and cost structures of the Advisers, the comparative information provided by Broadridge assisted the Board in evaluating the reasonableness of each Fund’s fees and total operating expenses. In addition, the Board considered the analysis and views of the Consultant relating to each Fund’s fees and total operating expenses.

The Board received information regarding fees charged by HFMC to other Hartford funds that are exchange-traded funds (“ETFs”) with investment strategies similar to those of The Hartford Municipal Opportunities Fund, The Hartford Short Duration Fund, and The Hartford Total Return Bond Fund. The Board reviewed information about structural, operational and other differences between the ETFs and the Funds, including differences in the marketplace in which each type of product must compete. The Board also received information regarding fees charged by the Sub-adviser to any other clients with investment strategies similar to those of the Funds, including institutional separate account clients and registered fund clients for which the Sub-adviser serves as either primary investment adviser or sub-adviser. The Board considered the explanations provided by the Sub-adviser about any differences between the Sub-adviser’s services to the Funds and the services the Sub-adviser provides to other types of clients. In this regard, the Board reviewed information about the generally broader scope of services and compliance, reporting and other legal burdens and risks of managing registered funds compared with those associated with managing assets of non-registered fund clients such as institutional separate accounts.

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

Economies of Scale

The Board considered information regarding the extent to which economies of scale may be realized as a Fund grows and whether fee levels reflect these economies of scale for the benefit of shareholders of the Fund. The Board reviewed the breakpoints in the management fee schedule for each Fund, if any, which reduce fee rates as the Fund’s assets grow over time. The Board recognized that a Fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower overall effective management fee rates. The Board also recognized that a fee schedule that reaches a breakpoint at a lower asset level provides shareholders with the benefit of anticipated or potential economies of scale. The Board considered that expense limitations and fee waivers that reduce a Fund’s expenses at all asset levels can have the same effect as breakpoints in sharing economies of scale with shareholders and provide protection from an increase in expenses if the Fund’s assets decline. In addition, the Board considered that initially setting competitive fee rates, pricing a Fund to scale at inception and making additional investments intended to enhance services available to shareholders are other means of sharing anticipated or potential economies of scale with shareholders. The Board also considered that HFMC has been active in managing expenses, which has resulted in benefits being realized by shareholders. The Board also noted that, for The Hartford Emerging Markets Local Debt Fund, the Fund’s current low asset levels have kept the Fund from fully realizing the benefits of anticipated or potential economies of scale.

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

After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of each Fund’s shareholders based on currently available information and the effective management fees and total expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor any future growth in each Fund’s assets and the appropriateness of additional management fee breakpoints or other methods to share benefits from economies of scale as part of its future review of the Agreements.

Other Benefits

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

The Board noted that HFMC receives fees for fund accounting and related services from the Funds, and the Board considered information on the profitability to HFMC from providing such services to the Funds. The Board also considered that each Fund pays a transfer agency fee to Hartford Administrative Services Company (“HASCO”), an affiliate of HFMC, equal to the lesser of: (i) the actual costs incurred by HASCO in connection with the provisions of transfer agency services, including payments made to sub-transfer agents, plus a reasonable target profit margin; or (ii) a specified amount as set forth in the Transfer Agency and Service Agreement by and between HMF, on behalf of its Funds, HMF II, on behalf of its series, and HASCO. The Board reviewed information about the profitability to HASCO of the Funds’ transfer agency function. The Board considered information provided by HFMC indicating that the transfer agency fees charged by HASCO to the Funds were fair and reasonable based on publicly available information. The Board also noted that HFMC and HASCO had delegated certain fund accounting services and transfer agency services, respectively, to external service providers.

 

 

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

 

 

 

The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of HFMC, serves as principal underwriter of the Funds. The Board noted that, as principal underwriter, HFD receives distribution and service fees from the Funds and receives all or a portion of the sales charges on sales or redemptions of certain classes of shares.

The Board considered the benefits, if any, to the Sub-adviser from any use of a Fund’s brokerage commissions to obtain soft dollar research.

Fund-by-Fund Factors

For purposes of the Fund-by-Fund discussion below, Fund performance is referred to as “in line with” a Fund’s benchmark where it was 0.5% above or below the benchmark return, and each Fund’s performance relative to its primary benchmark reflects the net performance of the Fund’s Class I shares as of March 31, 2020.

The Hartford Emerging Markets Local Debt Fund

 

 

The Board noted that the Fund’s performance was in the 5th quintile of its performance universe for the 1-year period, the 4th quintile for the 3-year period, and the 3rd quintile for the 5-year period. The Board also noted that the Fund’s performance was below its benchmark for the 1-, 3-, and 5-year periods.

 

 

The Board noted that the Fund’s contractual management fee was in the 4th quintile of its expense group, while its actual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 3rd quintile. In considering the Fund’s expenses, the Board noted the shareholder savings expected to result from an investment management fee reduction implemented in 2019. The Board noted that Class A shares of the Fund have a contractual expense cap of 1.18% through February 28, 2021, which resulted in HFMC reimbursing the Fund for certain expenses.

The Hartford Floating Rate Fund

 

 

The Board noted that the Fund’s performance was in the 3rd quintile of its performance universe for the 1-, 3-, and 5-year periods. The Board also noted that the Fund’s performance was below its benchmark for the 1- and 3-year periods and in line with its benchmark for the 5-year period.

 

 

The Board noted that the Fund’s contractual management fee was in the 3rd quintile of its expense group, while its actual management fee was in the 5th quintile and its total expenses (less 12b-1 and shareholder service fees) were in the 2nd quintile. The Board noted that Class A shares of the Fund have a contractual expense cap of 1.00%, which resulted in HFMC reimbursing the Fund for certain expenses.

The Hartford Floating Rate High Income Fund

 

 

The Board noted that the Fund’s performance was in the 4th quintile of its performance universe for the 1- and 3-year periods and in the 3rd quintile for the 5-year period. The Board also noted that the Fund’s performance was below its benchmark for the 1- and 3-year periods and in line with its benchmark for the 5-year period.

 

 

The Board noted that the Fund’s contractual management fee and actual management fee were in the 4th quintile of its expense group, while its total expenses (less 12b-1 and shareholder service fees) were in the 3rd quintile. The Board noted that Class A shares of the Fund have a contractual expense cap of 1.05% through February 28, 2021, which resulted in HFMC reimbursing the Fund for certain expenses.

The Hartford High Yield Fund

 

 

The Board noted that the Fund’s performance was in the 2nd quintile of its performance universe for the 1- and 3-year periods and the 3rd quintile for the 5-year period. The Board also noted that the Fund’s performance was above its benchmark for the 1-year period, in line with its benchmark for the 3-year period, and below its benchmark for the 5-year period.

 

 

The Board noted that the Fund’s contractual management fee was in the 4th quintile of its expense group, while its actual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 3rd quintile. The Board noted that Class A shares of the Fund have a contractual expense cap of 1.05% through February 28, 2021, which resulted in HFMC reimbursing the Fund for certain expenses.

The Hartford Inflation Plus Fund

 

 

The Board noted that the Fund’s performance was in the 4th quintile of its performance universe for the 1-, 3-, and 5-year periods. The Board also noted that the Fund’s performance was below its benchmark for the 1-, 3-, and 5-year periods. The Board noted that certain changes had recently been made to the Fund’s principal investment strategy.

 

 

The Board noted that the Fund’s contractual management fee, actual management fee, and total expenses (less 12b-1 and shareholder service fees) were in the 4th quintile of its expense group. The Board noted that Class A shares of the Fund have a contractual expense cap of 1.00% and a contractual transfer agency expense cap of 0.15% through February 28, 2021.

 

 

  279  

 


Hartford Fixed Income Funds

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

 

 

 

Hartford Municipal Income Fund

 

 

The Board noted that the Fund’s performance was in the 3rd quintile of its performance universe for the 1-year period and the 2nd quintile for the 3-year period. The Board also noted that the Fund’s performance was in line with its benchmark for the 1- and 3-year periods.

 

 

The Board noted that the Fund’s contractual management fee, actual management fee, and total expenses (less 12b-1 and shareholder service fees) were in the 1st quintile of its expense group. The Board noted that Class A Shares of the Fund have a contractual expense cap of 0.69% through February 28, 2021, which resulted in HFMC reimbursing the Fund for certain expenses.

The Hartford Municipal Opportunities Fund

 

 

The Board noted that the Fund’s performance was in the 2nd quintile of its performance universe for the 1- and 3-year periods and the 1st quintile for the 5-year period. The Board also noted that the Fund’s performance was in line with its benchmark for the 1-, 3-, and 5-year periods.

 

 

The Board noted that the Fund’s contractual management fee and actual management fee were in the 1st quintile of its expense group, while its total expenses (less 12b-1 and shareholder service fees) were in the 2nd quintile.

Hartford Municipal Short Duration Fund

 

 

The Board noted that the Fund’s performance was in the 5th quintile of its performance universe for the 1-year period and the 1st quintile for the 3-year period. The Board also noted that the Fund’s performance was below its benchmark for the 1-year period and in line with its benchmark for the 3-year period.

 

 

The Board noted that the Fund’s contractual management fee was in the 2nd quintile of its expense group, while its actual management fee was in the 1st quintile and its total expenses (less 12b-1 and shareholder service fees) were in the 4th quintile. The Board noted that Class A shares of the Fund have a contractual expense cap of 0.69% through February 28, 2021, which resulted in HFMC reimbursing the Fund for certain expenses.

The Hartford Short Duration Fund

 

 

The Board noted that the Fund’s performance was in the 5th quintile of its performance universe for the 1- and 3-year periods and the 4th quintile for the 5-year period. The Board also noted that the Fund’s performance was below its benchmark for the 1- and 3-year periods and in line with its benchmark for the 5-year period.

 

 

The Board noted that the Fund’s contractual management fee was in the 2nd quintile of its expense group, while its actual management fee was in the 3rd quintile and its total expenses (less 12b-1 and shareholder service fees) were in the 4th quintile. The Board noted that Class A shares of the Fund have a contractual expense cap of 1.00% and a contractual transfer agency expense cap of 0.12% through February 28, 2021.

The Hartford Strategic Income Fund

 

 

The Board noted that the Fund’s performance was in the 2nd quintile of its performance universe for the 1-year period and the 1st quintile for the 3- and 5-year periods. The Board also noted that the Fund’s performance was below its benchmark for the 1- and 3-year periods and in line with its benchmark for the 5-year period.

 

 

The Board noted that the Fund’s contractual management fee and actual management fee were in the 2nd quintile of its expense group, while its total expenses (less 12b-1 and shareholder service fees) were in the 3rd quintile. The Board noted that Class A shares of the Fund have a contractual expense cap of 0.95% through February 28, 2021, which resulted in HFMC reimbursing the Fund for certain expenses.

The Hartford Total Return Bond Fund

 

 

The Board noted that the Fund’s performance was in the 3rd quintile of its performance universe for the 1-year period and the 2nd quintile for the 3- and 5-year periods. The Board also noted that the Fund’s performance was below its benchmark for the 1- and 3-year periods and in line with its benchmark for the 5-year period.

 

 

The Board noted that the Fund’s contractual management fee was in the 1st quintile of its expense group, while its actual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 2nd quintile. The Board noted that Class A shares of the Fund have a contractual expense cap of 1.00%.

The Hartford World Bond Fund

 

 

The Board noted that the Fund’s performance was in the 4th quintile of its performance universe for the 1- and 5-year periods and in the 3rd quintile for the 3-year period. The Board also noted that the Fund’s performance was below its benchmark for the 1-, 3-, and 5-year periods.

 

 

 

  280  

 


Hartford Fixed Income Funds

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

 

 

 

 

The Board noted that the Fund’s contractual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 4th quintile of its expense group, while its actual management fee was in the 5th quintile. The Board noted that Class Y shares of the Fund have a contractual transfer agency expense cap of 0.09% through February 28, 2021.

* * * *

Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of each Fund and its shareholders for the Board to approve the continuation of the Agreements for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves.

 

 

  281  

 


Hartford Fixed Income Funds

Supplemental Proxy Information (Unaudited)

 

 

 

A joint special meeting of shareholders of the Funds was held on October 21, 2020 (the “Shareholder Meeting”). The Shareholder Meeting was held for the purpose of electing members of the Funds’ Board of Directors. Shareholders elected the following ten (10) Directors at the Shareholder Meeting:

 

   

Hilary E. Ackermann

   

Robin C. Beery

   

Lynn S. Birdsong

   

Derrick D. Cephas

   

James E. Davey

   

Christine R. Detrick

   

Andrew A. Johnson

   

Paul L. Rosenberg

   

Lemma W. Senbet

   

David Sung

The results of the shareholders’ election of Directors were as follows:

 

The Hartford Mutual Funds, Inc.

 

Shares Outstanding (as of Record Date): 4,786,852,771.602

Total Shares Voted: 3,984,902,623.370

Percentage of Shares Voted: 83.246%

 

 

 

 

 

Director   

Vote

  

Total Shares Voted

   Percentage of
Shares Voted
     Percentage
of Shares
Outstanding
 

Hilary E. Ackermann

   For:    3,902,805,882.770      97.940      81.531
   Withheld:    82,096,740.600      2.060      1.715

Robin C. Beery

   For:    3,915,421,841.765      98.257      81.795
   Withheld:    69,480,781.605      1.743      1.451

Lynn S. Birdsong

   For:    3,905,268,785.333      98.002      81.583
   Withheld:    79,633,838.037      1.998      1.663

Derrick D. Cephas

   For:    3,906,387,023.712      98.030      81.606
   Withheld:    78,515,599.658      1.970      1.640

James E. Davey

   For:    3,911,005,174.673      98.146      81.703
   Withheld:    73,897,448.697      1.854      1.543

Christine R. Detrick

   For:    3,915,250,969.140      98.253      81.791
   Withheld:    69,651,654.230      1.747      1.455

Andrew A. Johnson

   For:    3,908,222,118.290      98.076      81.645
   Withheld:    76,680,505.080      1.924      1.601

Paul L. Rosenberg

   For:    3,904,491,528.107      97.983      81.567
   Withheld:    80,411,095.263      2.017      1.679

Lemma W. Senbet

   For:    3,908,008,747.183      98.071      81.640
   Withheld:    76,893,876.187      1.929      1.606

David Sung

   For:    3,899,522,144.326      97.858      81.463
   Withheld:    85,380,479.044      2.142      1.783

As of the date of the Shareholder Meeting, Mr. Duane E. Hill served as a Director and did not seek re-election. Mr. Hill will continue to serve as a Director until his scheduled retirement on December 31, 2020.

 

 

  282  

 


THIS PRIVACY POLICY IS NOT PART OF THIS REPORT

CUSTOMER PRIVACY NOTICE

The Hartford Financial Services Group, Inc. and Affiliates*

(herein called “we, our, and us”)

This Privacy Policy applies to our United States Operations

 

We value your trust. We are committed to the responsible:

a) management;

b) use; and

c) protection;

of Personal Information.

This notice describes how we collect, disclose, and protect Personal Information.

We collect Personal Information to:

a) service your Transactions with us; and

b) support our business functions.

We may obtain Personal Information from:

a) You;

b) your Transactions with us; and

c) third parties such as a consumer-reporting agency.

Based on the type of product or service You apply for or get from us, Personal Information such as:

a) your name;

b) your address;

c) your income;

d) your payment; or

e) your credit history;

may be gathered from sources such as applications, Transactions, and consumer reports.

To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as:

a) our insurance companies;

b) our employee agents;

c) our brokerage firms; and

d) our administrators.

As allowed by law, we may share Personal Financial Information with our affiliates to:

a) market our products; or

b) market our services;

to You without providing You with an option to prevent these disclosures.

We may also share Personal Information, only as allowed by law, with unaffiliated third parties including:

a) independent agents;

b) brokerage firms;

c) insurance companies;

d) administrators; and

e) service providers;

who help us serve You and service our business.

When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as:

a) taking surveys;

b) marketing our products or services; or

c) offering financial products or services under a joint agreement between us and one or more financial institutions.

We, and third parties we partner with, may track some of the pages You visit through the use of:

a) cookies;

b) pixel tagging; or

c) other technologies;

and currently do not process or comply with any web browser’s “do not track” signal or other similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.

For more information, our Online Privacy Policy, which governs information we collect on our website and our affiliate websites, is available at https://www.thehartford.com/online-privacy-policy.

We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to:

a) “opt-out;” or

b) “opt-in;”

as required by law.

We only disclose Personal Health Information with:

a) your authorization; or

b) as otherwise allowed or required by law.

Our employees have access to Personal Information in the course of doing their jobs, such as:

a) underwriting policies;

b) paying claims;

c) developing new products; or

d) advising customers of our products and services.

We use manual and electronic security procedures to maintain:

a) the confidentiality; and

b) the integrity of;

Personal Information that we have. We use these procedures to guard against unauthorized access.

Some techniques we use to protect Personal Information include:

a) secured files;

b) user authentication;

c) encryption;

d) firewall technology; and

e) the use of detection software.

 


 

 

We are responsible for and must:

a) identify information to be protected;

b) provide an adequate level of protection for that data; and

c) grant access to protected data only to those people who must use it in the performance of their job-related duties.

Employees who violate our privacy policies and procedures may be subject to discipline, which may include termination of their employment with us.

We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us.

As used in this Privacy Notice:

Application means your request for our product or service.

Personal Financial Information means financial information such as:

a) credit history;

b) income;

c) financial benefits; or

d) policy or claim information.

Personal Financial Information may include Social Security Numbers, Driver’s license numbers, or other government-issued identification numbers, or credit, debit card, or bank account numbers.

Personal Health Information means health information such as:

a) your medical records; or

b) information about your illness, disability or injury.

Personal Information means information that identifies You personally and is not otherwise available to the public. It includes:

a) Personal Financial Information; and

b) Personal Health Information.

Transaction means your business dealings with us, such as:

a) your Application;

b) your request for us to pay a claim; and

c) your request for us to take an action on your account.

You means an individual who has given us Personal Information in conjunction with:

a) asking about;

b) applying for; or

c) obtaining;

a financial product or service from us if the product or service is used mainly for personal, family, or household purposes.

 

If you have any questions or comments about this privacy notice, please feel free to contact us at The Hartford – Consumer Rights and Privacy Compliance Unit, One Hartford Plaza, Hartford, CT 06155, or at ConsumerPrivacyInquiriesMailbox@thehartford.com.

This Customer Privacy Notice is being provided on behalf of The Hartford Financial Services Group, Inc. and its affiliates (including the following as of March 2020), to the extent required by the Gramm-Leach-Bliley Act and implementing regulations:

1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; Assurances Continentales Continentale Verzekeringen N.V; Bracht, Deckers & Mackelbert N.V.; Business Management Group, Inc.; Canal Re S.A.; Cervus Claim Solutions, LLC; First State Insurance Company; FTC Resolution Company LLC; Hart Re Group L.L.C.; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Distributors, LLC; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford Holdings, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Insurance, Ltd.; Hartford Integrated Technologies, Inc.; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Management, Ltd.; Hartford Productivity Services LLC; Hartford of Texas General Agency, Inc.; Hartford Residual Market, L.C.C.; Hartford Specialty Insurance Services of Texas, LLC; Hartford STAG Ventures LLC; Hartford Strategic Investments, LLC; Hartford Underwriters General Agency, Inc.; Hartford Underwriters Insurance Company; Heritage Holdings, Inc.; Heritage Reinsurance Company, Ltd.; HLA LLC; HL Investment Advisors, LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lattice Strategies LLC; Maxum Casualty Insurance Company; Maxum Indemnity Company; Maxum Specialty Services Corporation; Millennium Underwriting Limited; MPC Resolution Company LLC; Navigators (Asia) Limited; Navigators Corporate Underwriters Limited; Navigators Holdings (Europe) N.V.; Navigators Holdings (UK) Limited; Navigators Insurance Company; Navigators International Insurance Company Ltd.; Navigators Management Company, Inc.; Navigators Management (UK) Limited; Navigators N.V.; Navigators Specialty Insurance Company; Navigators Underwriting Agency Limited; Navigators Underwriting Limited; New England Insurance Company; New England Reinsurance Corporation; New Ocean Insurance Co., Ltd.; NIC Investments (Chile) SpA; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Property and Casualty Insurance Company of Hartford; Sentinel Insurance Company, Ltd; The Navigators Group, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company; Y-Risk, LLC.

Revised March 2020


 

This report is submitted for the general information of the shareholders of the Funds referenced in this report. It is not authorized for distribution to persons who are not shareholders of one or more Funds referenced in this report unless preceded or accompanied by a current prospectus for the relevant Funds. Nothing herein contained is to be considered an offer of sale or a solicitation of an offer to buy shares of any Fund listed in this report. Such offering is only made by prospectus, which includes details as to the offering price and other material information.

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

Investors should carefully consider the investment objectives, risks, charges and expenses of a Fund. This and other important information is contained in a Fund’s prospectus and summary prospectus, which can be obtained by visiting hartfordfunds.com. Please read it carefully before investing.

The Funds are distributed by Hartford Funds Distributors, LLC (HFD), Member FINRA. Hartford Funds Management Company, LLC (HFMC) is the Funds’ investment manager. The Funds referenced herein are sub-advised by Wellington Management Company LLP. HFD and HFMC are not affiliated with the Funds’ sub-adviser.

MFAR-FI20     12/20     219824    Printed in U.S.A.

 

LOGO


LOGO

Hartford FUNDS OUR BENCHMARK IS THE INVESTOR®. Hartford Multi-Strategy Funds Annual Report October 31, 2020 The Hartford Balanced Income Fund Hartford AARP Balanced Retirement Fund The Hartford Checks and Balances Fund The Hartford Conservative Allocation Fund The Hartford Global Real Asset Fund The Hartford Growth Allocation Fund Hartford Moderate Allocation Fund Hartford Multi-Asset Income and Growth Fund Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of each Fund’s shareholder reports like this one will no longer be sent by mail, unless you specifically request paper copies of the reports from the Fund or from your financial intermediary, such as a broker-dealer or bank. Instead, the reports will be made available on the Funds’ website (hartfordfunds.com). You will be notified by mail each time a report is posted and provided with a website link to access the report. You may at any time elect to receive paper copies of all shareholder reports free of charge by contacting your financial intermediary or, if you invest directly with a Fund, by calling 1-888-843-7824. Your election to receive reports in paper will apply to all Hartford Funds held in your account if you invest through your financial intermediary or directly with a Fund. If you previously elected to receive shareholder reports and other communications electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications electronically anytime by contacting your financial intermediary.


LOGO

A MESSAGE FROM THE PRESIDENT

Dear Shareholders:

Thank you for investing in Hartford Mutual Funds. The following is the Funds’ Annual Report covering the period from November 1, 2019 through October 31, 2020.

Market Review

During the 12 months ended October 31, 2020, U.S. stocks, as measured by the S&P 500 Index,1 gained 9.71% – an impressive number, to be sure, but one that doesn’t

 

begin to capture the drama of a pandemic-driven roller-coaster ride that has plunged the world into economic depths not seen since the Great Recession.

The period began with record-low unemployment, positive stock performances, and an optimistic global growth outlook. In late 2019, for example, months of trade tensions between the U.S. and China appeared to be eased by an initial agreement on tariff and trade reforms. The so-called “Phase One” deal, coupled with progress on resolving issues surrounding the U.K.’s withdrawal from the EU and a new United States-Mexico-Canada Agreement signed in January, 2020, brought calm to markets and seemed to set the stage for a strong 2020.

Instead, the novel coronavirus (COVID-19) pandemic erupted in late January and helped trigger a global recession. As world leaders grappled with the “new normal” of social distancing measures, business closures, and other mitigation efforts, many investors headed for the exits in March, 2020, bringing the longest bull market in U.S. economic history to an abrupt end. By mid-April, the U.S. unemployment rate had surged to 14.7%.

Late April 2020 brought a surprising recovery in U.S. markets, largely in response to an unprecedented economic rescue effort from central banks, including the U.S. Federal Reserve (Fed), which reduced interest rates to near zero and pledged trillions in U.S. securities purchases.

On the fiscal side, the U.S. government unveiled a series of aggressive policy initiatives, including passage of the $2 trillion CARES Act in late March, 2020. The combined fiscal and monetary support provided a lifeline to many businesses large and small, helping to reduce the nation’s unemployment rate in September, 2020, to 7.9% – still alarmingly high compared with the record-low 3.5% in February.

By the period’s end, the U.S. had reached another grim milestone of more than 230,000 coronavirus deaths. As fall cases surged, a new round of lockdowns and restrictions on economic activity, particularly in Europe, were widely adopted; however, Congress deadlocked over providing further economic stimulus. A late-period market selloff triggered by worsening virus numbers reminded investors of the potential for further economic uncertainty ahead. In addition, a contentious U.S. presidential campaign divided the nation.

As we continue to endure spikes in COVID-19 cases while awaiting the regulatory approvals and distribution of a safe and effective vaccine, uncertainty remains. In these unprecedented times, it’s more important than ever to maintain a strong relationship with your financial professional.

Thank you again for investing in Hartford Mutual Funds. For the most up-to-date information on our funds, please take advantage of all the resources available at hartfordfunds.com.

LOGO

James Davey

President

Hartford Funds

 

1 

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

 

The index is unmanaged and not available for direct investment. Past performance does not guarantee future results.


Hartford Multi-Strategy Funds

Table of Contents

 

Fund Overview (Unaudited)

     2  

Benchmark Glossary (Unaudited)

     28  

Expense Examples (Unaudited)

     29  

Financial Statements:

  

Schedules of Investments:

  

The Hartford Balanced Income Fund

     31  

Hartford AARP Balanced Retirement Fund

     54  

The Hartford Checks and Balances Fund

     64  

The Hartford Conservative Allocation Fund

     65  

The Hartford Global Real Asset Fund (consolidated)

     66  

The Hartford Growth Allocation Fund

     75  

Hartford Moderate Allocation Fund

     76  

Hartford Multi-Asset Income and Growth Fund

     77  

Glossary

     97  

Statements of Assets and Liabilities

     98  

Statements of Operations

     102  

Statements of Changes in Net Assets

     106  

Financial Highlights

     110  

Notes to Financial Statements

     118  

Report of Independent Registered Public Accounting Firm

     152  

Operation of the Liquidity Risk Management Program (Unaudited)

     153  

Directors and Officers (Unaudited)

     154  

How to Obtain a Copy of each Fund’s Proxy Voting Policies and Voting Records (Unaudited)

     157  

Quarterly Portfolio Holdings Information (Unaudited)

     157  

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

     158  

Supplemental Proxy Information (Unaudited)

     164  

The views expressed in each Fund’s Manager Discussion contained in the Fund Overview section are views of that Fund’s portfolio manager(s) through the end of the period and are subject to change based on market and other conditions, and we disclaim any responsibility to update the views contained herein. These views may contain statements that are “forward-looking” statements. Actual results may differ materially from those projected in the “forward-looking” statements. Each Fund’s Manager Discussion is for informational purposes only and does not represent an offer, recommendation or solicitation to buy, hold or sell any security. The specific securities identified and described, if any, do not represent all of the securities purchased or sold and you should not assume that investments in the securities identified and discussed will be profitable. Holdings and characteristics are subject to change. Fund performance reflected in each Fund’s Manager Discussion reflects the returns of such Fund’s Class A shares, before sales charges. Returns for such Fund’s other classes differ only to the extent that the classes do not have the same expenses.


The Hartford Balanced Income Fund

Fund Overview

October 31, 2020 (Unaudited)

 

 

 

Inception 07/31/2006

Sub-advised by Wellington Management Company LLP

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

LOGO

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.

 

Average Annual Total Returns

for the Periods Ending 10/31/2020

 

      1 Year      5 Years      10 Years  

Class A1

     1.75%        6.44%        7.51%  

Class A2

     -3.85%        5.24%        6.91%  

Class C1

     0.92%        5.64%        6.71%  

Class C3

     -0.07%        5.64%        6.71%  

Class I1

     1.94%        6.70%        7.78%  

Class R31

     1.36%        6.09%        7.18%  

Class R41

     1.60%        6.40%        7.50%  

Class R51

     1.97%        6.68%        7.78%  

Class R61

     2.06%        6.79%        7.92%  

Class Y1

     1.96%        6.74%        7.90%  

Class F1

     2.08%        6.78%        7.82%  

45% Russell 1000 Value Index/44% Bloomberg Barclays Corporate Index/ 5.5% JP Morgan Emerging Markets Bond Index Plus/ 5.5% Bloomberg Barclays U.S. Corporate High Yield Bond 2% Issuer Cap Index4

     0.30%        6.04%        7.32%  

Russell 1000 Value Index

     -7.57%        5.82%        9.48%  

Bloomberg Barclays Corporate Index

     7.05%        5.85%        5.11%  

JP Morgan Emerging Markets Bond Index Plus

     3.81%        4.65%        4.57%  

Bloomberg Barclays U.S. Corporate High Yield Bond 2% Issuer Cap Index

     3.42%        6.31%        6.25%  

 

1 

Without sales charge

2 

Reflects maximum sales charge of 5.50%

3 

Reflects a contingent deferred sales charge of 1.00%

4 

Calculated by Hartford Funds Management Company, LLC

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Class R6 shares commenced operations on 11/07/2014. Performance prior to that date is that of the Fund’s Class Y shares. Class F shares commenced operations on 02/28/2017. Performance for Class F shares prior to 02/28/2017 reflects the performance of Class I shares.

To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

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

 

Operating Expenses*    Gross      Net  

Class A

     0.91%        0.91%  

Class C

     1.66%        1.66%  

Class I

     0.65%        0.65%  

Class R3

     1.27%        1.27%  

Class R4

     0.98%        0.98%  

Class R5

     0.67%        0.67%  

Class R6

     0.58%        0.58%  

Class Y

     0.69%        0.68%  

Class F

     0.58%        0.58%  

 

*

Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual fee waivers or expense reimbursement arrangements. Net expenses reflect such arrangements only with respect to Class Y. These arrangements remain in effect until 02/28/2021 unless the Fund’s Board of Directors approves an earlier termination. Expenses shown include acquired fund fees and expenses. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020.

 

 

 

  2  

 


The Hartford Balanced Income Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

Portfolio Managers

Scott I. St. John, CFA

Senior Managing Director and Fixed Income Portfolio Manager

Wellington Management Company LLP

W. Michael Reckmeyer, III, CFA

Senior Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

Adam H. Illfelder, CFA

Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

Matthew Hand, CFA

Managing Director and Equity Portfolio Manager

Wellington Management Company LLP

 

 

 

Manager Discussion

How did the Fund perform during the period?

The Class A shares of The Hartford Balanced Income Fund returned 1.75%, before sales charges, for the twelve-month period ended October 31, 2020, outperforming the Fund’s custom benchmark (45% Russell 1000 Value Index/ 44% Bloomberg Barclays Corporate Index/ 5.5% JP Morgan Emerging Markets Bond Index Plus/ 5.5% Bloomberg Barclays U.S. Corporate High Yield Bond 2% Issuer Cap Index), which returned 0.30% for the same period. For the period, the Russell 1000 Value Index returned -7.57%, the Bloomberg Barclays Corporate Index returned 7.05%, the JP Morgan Emerging Markets Bond Index Plus returned 3.81%, and the Bloomberg Barclays U.S. Corporate High Yield Bond 2% Issuer Cap Index returned 3.42%. For the same period, the Class A shares of the Fund, before sales charges, underperformed the 2.93% average return of the Lipper Mixed-Asset Target Allocation Moderate Funds peer group, a group of funds that hold between 40-60% in equity securities and the remainder in bonds, cash, and cash equivalents.

Why did the Fund perform this way?

United States (U.S.) equities, as measured by the S&P 500 Index, posted positive results over the trailing twelve-month period ending October 31, 2020. In the first quarter of 2020, U.S. equities fell sharply as the coronavirus spread rapidly throughout the country, causing unprecedented market disruptions and financial damage, and heightening fears of a severe economic downturn. Many states adopted extraordinary measures to fight the contagion, while companies shuttered stores and production, withdrew earnings guidance, and drew down credit lines at a record pace as borrowing costs soared. Volatility surged to extreme levels, and the S&P 500 Index suffered its fastest ever decline into a bear market. The unprecedented scale of fiscal and monetary stimulus implemented by Congress and the U.S. Federal Reserve (Fed) in response to the pandemic drove the market’s rebound in the second quarter of 2020. Momentum carried into the third quarter of 2020, bolstered by substantial monetary support from the Fed, a broadening U.S. economic recovery and promising trials for coronavirus vaccines. However, the path to sustainable economic recovery was clouded by concerns about a resurgence in coronavirus infections around the country, an undetermined timeline for vaccines, high unemployment, elevated debt burdens, and uncertainty about additional fiscal stimulus.

Over the period, global fixed income markets were primarily influenced by the global growth slowdown driven by the pandemic and subsequently the unprecedented speed and magnitude of stimulus measures enacted by global governments and central banks. Global sovereign debt yields significantly declined as major central banks aggressively eased policies in response to the pandemic. Geopolitical uncertainty remained elevated over the period due to the following: widespread protests in both Hong Kong and the United States, U.S.-China trade tensions, uncertainty surrounding the U.K.’s exit from the European Union (EU)(also known as Brexit), and U.S. political elections. Credit spreads widened significantly following global lockdown measures in response to the coronavirus, but recovered as economies reopened.

Global monetary policies were extremely accommodative during the period. The Fed cut rates, committed to buying an unlimited amount of Treasury and agency mortgage-backed securities, and increased the size and scope of its asset purchase program to include corporate bonds, agency commercial mortgage-backed securities, and commercial paper, while also lending support to the municipal funding market. Later, the Fed amplified its policy response and unveiled a new inflation policy framework. The European Central Bank (ECB) launched its own massive asset purchase program in response to the pandemic, which included non-financial corporate paper for the first time, while also easing collateral rules. Many other developed market central banks cut policy rates significantly while several emerging market central banks embarked on quantitative easing for the first time during the period.

At the end of the period, U.S. economic data was largely positive. Annualized gross domestic product (GDP) rebounded in the third quarter of 2020, and personal income and spending were boosted by a stronger labor market and pandemic aid. However, a surge in coronavirus cases sparked concerns and dragged down consumer sentiment. The Eurozone’s GDP expanded in the third quarter of 2020 as restrictions relaxed. The Eurozone manufacturing purchasing managers index (PMI) improved, while the services PMI declined further into contractionary territory. China’s annualized GDP advanced in the third quarter of 2020. Manufacturing and services continued to recover, helped by resilient exports, robust demand, and strong hiring. Japan’s industrial production grew amid recovering factory output and rising external demand. Japan’s trade balance expanded to a surplus as exports surged. Australia’s

 

 

 

  3  

 


The Hartford Balanced Income Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

annual inflation ticked up; however, high unemployment and poor demand have kept a lid on inflation.

Absolute returns in global sovereigns were generally positive during the twelve-month period due to accommodative central banks and a bid for the safety of government bonds. On an excess return basis (returns over U.S. Treasuries), credit risk sectors were mixed during the twelve-month period. Investment-grade corporates were negative but recouped some of their earlier underperformance. High-yield bonds followed a similar path, generating negative excess returns. Securitized sectors were mixed. Agency mortgage-backed securities (MBS) and asset backed securities (ABS) generated positive excess returns, while commercial mortgage-backed securities (CMBS) generated negative excess returns.

At the overall Fund level, the fixed income allocation, driven by security selection within investment-grade credit, contributed positively to performance relative to the custom benchmark, while the Fund’s allocation to equities also had a positive impact. Within the equity portion of the Fund, sector allocation, a result of our bottom-up stock selection process, was the primary driver of outperformance relative to the equity portion of the Fund’s custom benchmark for the period, due primarily to an overweight to the Healthcare sector and an underweight to the Real Estate sector. This was partially offset by an underweight to the Materials sector. Security selection also contributed positively to relative performance. In particular, selection in the Real Estate and Financials sectors contributed positively to relative returns, while selection in the Healthcare and Consumer Staples sectors detracted from performance.

Among the top contributors to relative returns in the equity portion of the Fund were not holding benchmark constituent Wells Fargo (Financials), as well as the Fund’s positions in Progressive (Financials) and Eli Lilly (Healthcare). Shares of Well Fargo, a diversified financial services company dropped after the company reported a loss in the second quarter of 2020 driven by large provisions which more than doubled from first quarter 2020 levels. U.S.-based insurance provider Progressive reported strong earnings in the second quarter of 2020 on lower losses and expenses, as June saw the continuation of reduced miles driven and reduced frequency of automobile accidents. Momentum continued with net premiums written, growing 18% in August and underwriting margins expanding, propelling shares higher to end the period. Global pharmaceutical company Eli Lilly reported earnings that topped consensus estimates in both the fourth quarter of 2019 and the first quarter of 2020, driven by strong sales and a lower tax rate. Shares climbed as the company raised guidance for 2020.

Among the top detractors from relative performance in the equity portion of the Fund were Suncor Energy (Energy), Phillips 66 (Energy), and not holding benchmark constituent Danaher (Healthcare). Suncor Energy is a Canadian company primarily focused on developing petroleum resource basins. The company’s stock price slid along with falling oil prices relating to increased Organization of the Petroleum Exporting Countries (OPEC) production in February 2020 and coronavirus pandemic demand destruction that escalated in March 2020. We eliminated the Fund’s position in March 2020 as we grew concerned about fundamentals and the company’s ability to sustain the dividend. Ultimately, the company cut its dividend by 55% a few months later. Shares of Phillips 66, an energy company with diversified exposure to midstream, downstream, and chemicals, traded lower as earnings fell in the second quarter of 2020, primarily due to a decline in results in the

refining segment as margins and volume shrank. The stock continued to trend downward through the rest of the period. Shares of Danaher, a provider of medical equipment, climbed early in 2020 on the announcement of a deal to acquire General Electric’s biopharma unit, putting Danaher at the forefront of biotech equipment makers. Strong earnings and the announced split-off of dental business Envista further benefited the stock.

The fixed income portion of the Fund outperformed the fixed-income portion of the Fund’s custom benchmark for the period due primarily to strong security selection within investment-grade credit. An underweight to and security selection within emerging-markets debt and high-yield credit also contributed positively to relative performance. This was partially offset by negative effects from the Fund’s duration and yield curve positioning.

Equity derivatives were not used in the Fund during the period. Credit default swaps were used in the Fund during the period to manage credit exposure both for individual issuers as well as for the overall credit markets, via credit default swap indices. Collectively, these positions had a slightly negative impact on performance during the period. Currency forwards were also used in the Fund during the period to manage currency risk and had a slightly negative impact on performance during the period. Finally, bond futures were used in the Fund for duration and yield curve management during the period and did not have a material impact on performance during the period.

What is the outlook as of the end of the period?

We believe that high-quality businesses with sustainable dividend policies are in an advantageous position to strengthen as they emerge from a downturn – taking market share, or, in some cases, making opportunistic acquisitions at attractive valuations. This is embodied in a quote the team often references: “The strong get stronger in crisis situations.” To this end, amid the heightened market volatility, we have been patient and, where possible, sought to swap into higher-quality companies at similar valuations. While the near-term threat of dividend cuts and suspensions has abated relative to earlier in 2020, we remain vigilant, seeking to avoid potential dividend cutters and the companies that would be most directly impacted in a prolonged shutdown. In some instances, we closely monitored the possibility of companies suspending a dividend temporarily as a measure to improve solvency. While this seems prudent in many cases, we prefer to avoid this contingency where possible, and favor companies with strong balance sheets that can endure through the cycle.

On the equity side, the Consumer Staples and Utilities sectors represented the Fund’s largest sector overweights relative to the custom benchmark at the end of the period, while the Consumer Discretionary and Materials sectors were the Fund’s largest underweight allocations.

On the fixed income side, the Fund maintained roughly neutral to slightly defensive positioning relative to the fixed-income portion of the Fund’s benchmark as of the end of the period. The Fund exited the allocation to the securitized sector (including mortgage-backed securities) during the period, which was outside the custom benchmark, and was slightly underweight to investment-grade credit at the end of the period, from a contribution to spread duration perspective.

 

 

 

  4  

 


The Hartford Balanced Income Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

The equity and fixed income portfolio managers will continue to work collaboratively to make decisions regarding the Fund’s mix of equities and fixed income. At the end of the period, the Fund was positioned in line with its custom benchmark from an equity/fixed income weighting perspective.

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. The Fund may allocate a portion of its assets to specialist portfolio managers, which may not work as intended. Fixed income security risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall. For dividend-paying stocks, dividends are not guaranteed and may decrease without notice. Different investment styles may go in and out favor, which may cause the Fund to underperform the broader stock market. Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments.

Composition by Security Type(1)

as of 10/31/2020

 

Category    Percentage of
Net Assets
 

Equity Securities

 

Common Stocks

     42.8

Preferred Stocks

     0.0
  

 

 

 

Total

     42.8
  

 

 

 

Fixed Income Securities

 

Convertible Bonds

     0.1

Corporate Bonds

     46.5  

Foreign Government Obligations

     3.6  

Municipal Bonds

     0.2  

Senior Floating Rate Interests

     0.1  

U.S. Government Securities

     0.7  
  

 

 

 

Total

     51.2
  

 

 

 

Short-Term Investments

     3.8  

Other Assets & Liabilities

     2.2  
  

 

 

 

Total

     100.0
  

 

 

 

 

*

Percentage rounds to zero.

 

(1) 

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

    

 

 

 

  5  

 


Hartford AARP Balanced Retirement Fund

Fund Overview

October 31, 2020 (Unaudited)

 

 

 

Inception 04/30/2014

Sub-advised by Wellington Management Company LLP

  Investment objective – The Fund seeks long-term total return while seeking to mitigate downside risk.

LOGO

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.

 

Average Annual Total Returns

for the Periods Ending 10/31/2020

 

      1 Year      5 Years      Since
Inception1
 

Class A2

     -0.05%        4.45%        2.95%  

Class A3

     -4.55%        3.49%        2.23%  

Class C2

     -0.80%        3.70%        2.22%  

Class C4

     -1.78%        3.70%        2.22%  

Class I2

     0.09%        4.60%        3.15%  

Class R32

     -0.54%        4.28%        2.77%  

Class R42

     -0.09%        4.48%        2.99%  

Class R52

     0.10%        4.58%        3.12%  

Class R62

     0.27%        4.69%        3.22%  

Class Y2

     0.18%        4.66%        3.20%  

Class F2

     0.30%        4.68%        3.21%  

70% Bloomberg Barclays U.S. Aggregate Bond Index/ 30% MSCI ACWI Index (Net)5

     6.34%        5.51%        4.83%  

Bloomberg Barclays U.S. Aggregate Bond Index

     6.19%        4.08%        3.80%  

MSCI ACWI Index (Net)

     4.89%        8.11%        6.56%  

 

1 

Inception: 04/30/2014

2 

Without sales charge

3 

Reflects maximum sales charge of 4.50%

4 

Reflects a contingent deferred sales charge of 1.00%

5 

Calculated by Hartford Funds Management Company, LLC

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude

investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Class F shares commenced operations on 02/28/2017. Performance prior to that date is that of the Fund’s Class I shares. Class R6 shares commenced operations on 02/28/2019. Performance prior to that date is that of the Fund’s Class Y shares.

To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.

Performance information prior to 07/10/2019 includes the Fund’s performance when the Fund pursued a different investment objective and principal investment strategy.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

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

 

Operating Expenses*    Gross      Net  

Class A

     1.09%        0.96%  

Class C

     1.84%        1.71%  

Class I

     0.80%        0.66%  

Class R3

     1.42%        1.18%  

Class R4

     1.12%        0.88%  

Class R5

     0.82%        0.55%  

Class R6

     0.71%        0.45%  

Class Y

     0.81%        0.55%  

Class F

     0.71%        0.45%  

 

*

Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual expense reimbursement arrangements. Net expenses reflect such arrangements in instances when they reduce gross expenses. These arrangements remain in effect until 02/28/2021 unless the Fund’s Board of Directors approves an earlier termination. Expenses shown include acquired fund fees and expenses and are based on estimated amounts. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020.

 

 

 

  6  

 


Hartford AARP Balanced Retirement Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

Portfolio Managers

Christopher Goolgasian, CFA, CPA, CAIA

Managing Director and Portfolio Manager

Wellington Management Company LLP

Lutz-Peter Wilke, CFA

Managing Director and Portfolio Manager

Wellington Management Company LLP

 

 

 

Manager Discussion

How did the Fund perform during the period?

The Class A shares of the Hartford AARP Balanced Retirement Fund returned -0.05%, before sales charges, for the twelve-month period ended October 31, 2020, underperforming the Fund’s custom benchmark (70% Bloomberg Barclays U.S. Aggregate Index, 30% MSCI ACWI Index (Net)) which returned 6.34% for the same period. Individually, the Bloomberg Barclays U.S. Aggregate Bond Index and the MSCI ACWI Index (Net) returned 6.19% and 4.89%, respectively, for the same period. For the same period, the Class A shares of the Fund, before sales charges, underperformed the 0.92% average return of the Lipper Flexible Portfolio Funds peer group, a group of funds that allocate investments across various asset classes, including domestic common stocks, bonds, and money market instruments with a focus on total return.

Why did the Fund perform this way?

For the twelve-month period ended October 31, 2020, global equities rose 4.89% as measured by the MSCI ACWI Index (Net). In the first quarter of 2020, U.S. equities fell sharply as the coronavirus spread rapidly throughout the country, causing unprecedented market disruptions and financial damage, and heightening fears of a severe economic downturn. Many states adopted extraordinary measures to fight the contagion, while companies shuttered stores and production, withdrew earnings guidance, and drew down credit lines at a record pace as borrowing costs soared. Volatility surged to extreme levels, and the S&P 500 Index suffered its fastest ever decline into a bear market. The unprecedented scale of fiscal and monetary stimulus implemented by Congress and the U.S. Federal Reserve (Fed) in response to the pandemic drove the market’s rebound in the second quarter of 2020. Momentum carried into the third quarter of 2020, bolstered by substantial monetary support from the Fed, a broadening U.S. economic recovery and promising trials for coronavirus vaccines. However, the path to sustainable economic recovery was clouded by concerns about a resurgence in coronavirus infections around the country, an undetermined timeline for vaccines, high unemployment, elevated debt burdens, and uncertainty about additional fiscal stimulus.

Over the period, global fixed income markets were primarily influenced by the global growth slowdown driven by the pandemic and subsequently the unprecedented speed and magnitude of stimulus measures enacted by global governments and central banks. Global sovereign debt yields significantly declined as major central banks aggressively eased policies in response to the pandemic. Geopolitical uncertainty remained elevated over the period due to the following: widespread protests in both Hong Kong and the United States, U.S.-China trade tensions, uncertainty surrounding the U.K.’s exit from the

European Union (EU) (also known as Brexit), and U.S. political elections. Credit spreads widened significantly following global lockdown measures in response to the coronavirus, but recovered as economies reopened.

We believe it is important to note that the Fund is designed for investors at or near retirement with total return and risk reduction objectives, and may behave differently from its peer group and benchmark.

At the overall Fund level, underperformance relative to the custom benchmark was driven by weakness in sector allocation and security selection across both equities and fixed income.

Within equities, sector allocation within the asset class as well as stock selection had a negative impact on performance over the period. However, being overweight to equity overall relative to the custom benchmark partially alleviated these losses. Allocations to global natural resources equities (companies whose primary products are basic raw materials) and high-quality, dividend-yielding equities were the primary detractors within equity, as those areas of the equity market underperformed the MSCI ACWI Index during the period. Exposures to companies that produce commodities, including precious metals, industrial metals, and agriculture, were additive and helped offset some of the underperformance.

Within fixed income, security selection and sector allocation were both weak for the period, led by underperformance in unconstrained fixed income and high yield. On the other hand, the Fund’s allocation to inflation breakevens (a market-based measure of expected inflation) was a positive contributor during the period, as was the Fund’s core fixed income exposure. Being underweight to fixed income relative to the benchmark was also additive.

During the period, the Fund used derivatives for risk management, to manage duration, to hedge currency risk, and to gain exposure to fixed income and equity markets. Over the period, the Fund’s use of derivatives saw positive performance overall, primarily stemming from derivatives used to gain exposure to fixed income markets. The equity put options used for risk management saw losses in aggregate over the whole period; however, the allocation was a significant positive contributor to performance during the COVID-19 market crisis during the first quarter.

What is the outlook as of the end of the period?

Looking forward through the end of 2020 and into 2021, we are encouraged by a potential treatment and vaccine for coronavirus, policy support, and a gradual re-opening of economies globally. However, the market’s rebound and the prospect of a slow economic recovery leaves us only moderately bullish on risk assets.

 

 

 

 

  7  

 


Hartford AARP Balanced Retirement Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

As of the end of the period, we continue to rebalance the Fund in alignment with our long-term strategic asset allocation process.

We continue to prefer U.S. equities and the growth and quality factors, though we think some higher-quality cyclical companies are attractive. Given our expectations that interest rates will stay low, and the potential yield, earnings growth, and relative safety that U.S. equities may provide, we find this region most appealing.

In fixed income, we continue to favor shorter-duration bonds, high-yield bonds, and cash over investment-grade bonds.

We believe the most significant downside risks to our views are a second wave of coronavirus, a longer-than-anticipated recession, and worsening U.S.-China relations.

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. The Fund may allocate a portion of its assets to specialist portfolio managers, which may not work as intended. Fixed income security risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall. Loans can be difficult to value and less liquid than other types of debt instruments; they are also subject to nonpayment, collateral, bankruptcy, default, extension, prepayment and insolvency risks.  Investments in high-yield (“junk”) bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities. Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. These risks may be greater for investments in emerging markets. Derivatives are generally more volatile and sensitive to changes in market or economic conditions than other securities; their risks include currency, leverage, liquidity, index, pricing, and counterparty risk. Mortgage-related and asset-backed securities’ risks include credit, interest-rate, prepayment, and extension risk.  Restricted securities may be more difficult to sell and price than other securities. For dividend-paying stocks, dividends are not guaranteed and may decrease without notice. Investments in securities of other investment companies includes the risks that apply to such other investment companies’ strategies and holdings. Obligations of U.S. Government agencies are supported by varying degrees of credit but are generally not backed by the full faith and credit of the U.S. Government.

Composition by Security Type(1)

as of 10/31/2020

 

Category    Percentage of
Net Assets
 

Equity Securities

 

Affiliated Investment Companies

     22.5

Common Stocks

     31.8  

Convertible Preferred Stocks

     0.0

Preferred Stocks

     0.0

Warrants

     0.0
  

 

 

 

Total

     54.3
  

 

 

 

Fixed Income Securities

 

Asset & Commercial Mortgage-Backed Securities

     10.3

Corporate Bonds

     20.7  

Municipal Bonds

     0.4  

U.S. Government Agencies(2)

     4.8  

U.S. Government Securities

     6.1  
  

 

 

 

Total

     42.3
  

 

 

 

Short-Term Investments

     1.8  

Purchased Options

     0.6  

Other Assets & Liabilities

     1.0  
  

 

 

 

Total

     100.0
  

 

 

 

 

*

Percentage rounds to zero.

 

(1) 

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

(2) 

All or a portion of the securities categorized as U.S. Government Agencies were agency mortgage backed securities as of October 31, 2020.

 

 

 

  8  

 


The Hartford Checks and Balances Fund

Fund Overview

October 31, 2020 (Unaudited)

 

 

 

Inception 05/31/2007

Advised by Hartford Funds Management Company, LLC

(“HFMC” or the “Investment Manager”)

  Investment objective – The Fund seeks long-term capital appreciation and income.

LOGO

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.

 

Average Annual Total Returns

for the Periods Ending 10/31/2020

 

      1 Year      5 Years      10 Years  

Class A1

     4.98%        7.68%        8.35%  

Class A2

     -0.79%        6.47%        7.74%  

Class C1

     4.27%        6.88%        7.54%  

Class C3

     3.30%        6.88%        7.54%  

Class I1

     5.25%        7.96%        8.63%  

Class R31

     4.62%        7.30%        7.97%  

Class R41

     4.94%        7.62%        8.30%  

Class R51

     5.31%        7.90%        8.60%  

Class F1

     5.23%        8.01%        8.66%  

33.4% Russell 3000 Index/ 33.3% S&P 500 Index/33.3% Bloomberg Barclays U.S. Aggregate Bond Index4

     9.33%        9.33%        9.95%  

Russell 3000 Index

     10.15%        11.48%        12.80%  

S&P 500 Index

     9.71%        11.71%        13.01%  

Bloomberg Barclays U.S. Aggregate Bond Index

     6.19%        4.08%        3.55%  

 

1 

Without sales charge

2 

Reflects maximum sales charge of 5.50%

3 

Reflects a contingent deferred sales charge of 1.00%

4 

Calculated by Hartford Funds Management Company, LLC

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Class F shares commenced operations on 02/28/2017. Performance for Class F shares prior to 02/28/2017 reflects the performance of Class I shares.

To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

Performance information may reflect historical waivers/reimbursements without which performance would have been lower.

 

Operating Expenses*    Gross      Net  

Class A

     0.93%        0.93%  

Class C

     1.70%        1.70%  

Class I

     0.67%        0.67%  

Class R3

     1.29%        1.29%  

Class R4

     0.97%        0.97%  

Class R5

     0.70%        0.70%  

Class F

     0.58%        0.58%  

 

*

Expenses as shown in the Fund’s most recent prospectus. Expenses shown include acquired fund fees and expenses. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020.

 

 

 

  9  

 


The Hartford Checks and Balances Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

Portfolio Managers

Vernon J. Meyer, CFA

Managing Director and Chief Investment Officer of Hartford Funds Management Company, LLC (the “Investment Manager”)

Allison Z. Mortensen, CFA

Head of Multi-Asset Solutions and Managing Director at Hartford Funds and Vice President of the Investment Manager

 

 

 

Manager Discussion

How did the Fund perform during the period?

The Class A shares of The Hartford Checks and Balances Fund returned 4.98%, before sales charges, for the twelve-month period ended October 31, 2020, underperforming the Fund’s custom benchmark (which is comprised of 33.4% Russell 3000 Index, 33.3% S&P 500 Index, 33.3% Bloomberg Barclays U.S. Aggregate Bond Index), which returned 9.33% for the same period. Individually, the Russell 3000 Index, the Bloomberg Barclays U.S. Aggregate Bond Index, and the S&P 500 Index returned 10.15%, 6.19%, and 9.71%, respectively, for the same period. For the same period, Class A shares of the Fund, before sales charges, outperformed the 3.98% average return of the Lipper Mixed-Asset Target Allocation Growth Funds average, a group of funds that hold between 60%-80% equity securities, with the remainder invested in bonds, cash, and cash equivalents.

Why did the Fund perform this way?

Waning recession fears, improved trade sentiment, and accommodative U.S. Federal Reserve (Fed) policy benefited U.S. markets toward the end of 2019 and into the first quarter of 2020. Then, after the U.S. equity market achieved record highs in February 2020 the coronavirus spread rapidly, causing unprecedented market disruptions and financial damage, and heightening fears of a severe economic downturn. The unprecedented scale of the fiscal and monetary stimulus implemented by Congress and the Fed in response to the pandemic was the most influential driver of the market’s rebound beginning in late March as markets were bolstered by the impact of the massive fiscal and monetary stimulus, by further signs of a recovery in global economic growth, and by encouraging progress for coronavirus vaccines.

Outside of the U.S., the European Central Bank (ECB) launched its own massive asset purchase program in response to the pandemic, which included non-financial corporate paper for the first time, while also easing collateral rules. Many other developed market central banks cut policy rates significantly while several emerging market central banks embarked on quantitative easing for the first time during the period.

Domestic equity markets continued to perform well, outpacing international developed and emerging markets for the twelve-month period. However, at the end of the period considerable uncertainty remained about a resurgence in coronavirus infections, the timeline for vaccine development, the unemployment rate, debt burdens, and the possibility of additional fiscal stimulus. During the period, the Fund allocated its assets as follows: (i) one-third to The Hartford Capital Appreciation Fund, (ii) one-third to The Hartford Dividend and Growth Fund, and (iii) one-third to Hartford Total Return Bond ETF.

During the period, the Fund’s performance relative to the custom benchmark benefited most from the performance of The Hartford Capital

Appreciation Fund. The return of The Hartford Dividend and Growth Fund detracted most from performance relative to the custom benchmark.

The Hartford Capital Appreciation Fund underperformed the Russell 3000 Index primarily due to weak stock selection within the Consumer Discretionary, Consumer Staples, and Financials sectors. Conversely, stronger selection within the Communication Services, Healthcare, and Information Technology sectors contributed positively to relative returns during the period. Sector allocation, a result of bottom-up stock selection, was positive during the period primarily due to the fund’s underweight exposure to the Energy and Financials sectors in addition to an overweight to the Consumer Discretionary sector. An underweight to the Information Technology sector, as well as an overweight to the Industrials sector, relative to the Russell 3000 Index, detracted from performance.

The Hartford Dividend and Growth Fund underperformed the S&P 500 Index during the period. Security selection detracted from the fund’s returns relative to the S&P 500 Index over the period. Stock selection effects were weakest within the Information Technology, Consumer Discretionary, and Communication Services sectors. This was partially offset by stronger selection within the Energy sector, which contributed positively to relative performance. Sector allocation, a result of the bottom-up stock selection process, detracted from the fund’s relative performance over the period. An overweight to the Energy and Financials sectors, as well as an underweight to the Information Technology sector, detracted the most from relative returns.

The Hartford Total Return Bond ETF outperformed the Bloomberg Barclays U.S. Aggregate Bond Index during the period. The largest contributor to the ETF’s outperformance relative to the Bloomberg Barclays U.S. Aggregate Bond Index during the period was positioning within credit sectors. An allocation to and security selection within investment-grade credit, particularly within the Industrials sector, was the largest contributor within corporate credit. An underweight to developed sovereign bonds within non-corporate credit also had a positive impact on relative results over the period. An allocation to high yield contributed positively to relative results as higher-yielding sectors recovered over the latter part of the period, while an allocation to bank loans had a slightly negative impact on relative performance. The ETF’s allocation to select emerging-markets debt contributed positively to relative performance during the period. The ETF’s allocation to securitized sectors, consisting of non-agency residential mortgage backed securities (particularly post-crisis “2.0” issuances), commercial mortgage-backed securities, and asset-backed securities detracted from relative performance, as many of these sectors came under substantial stress, particularly at the onset of the coronavirus pandemic. This negative impact was partially offset by a positive impact from positioning within agency mortgage-backed securities, which contributed positively to relative performance during the period as spread widening was limited by the announcement of Federal

 

 

 

  10  

 


The Hartford Checks and Balances Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

Reserve purchases. An allocation to collateralized loan obligations was a modest positive contributor to relative results. An allocation to Treasury inflation-protected securities (TIPS) contributed positively to relative performance as TIPS outperformed duration-equivalent nominal U.S. Treasuries.

Derivatives were not used at the aggregate fund level during the period but were used at the underlying fund level.

What is the outlook as of the end of the period?

Although equity markets continued to climb higher in the third quarter of 2020, we are wrestling with many unknowns in the short term. While enormous amounts of liquidity have been pumped into the market to try and safeguard consumer spending, we are still facing high rates of unemployment and each day are reminded of the increasing number of coronavirus cases.

The 10-year Treasury yield fell from 1.71% at the beginning of the twelve-month period to 0.79% at the end of the twelve-month period. The Fed announced in mid-September that it expects to keep interest rates near zero until 2023, helping set expectations that higher inflation should not immediately lead to higher interest rates.

At the end of the period, through its investment in The Hartford Capital Appreciation Fund and The Hartford Dividend and Growth Fund, the Fund’s largest equity overweights were to the Consumer Discretionary and Consumer Staples sectors, while the Fund’s largest underweights were to the Information Technology and Communication Services sectors, relative to the S&P 500 Index. At the end of the period, through its investment in the Hartford Total Return Bond ETF, the Fund’s largest fixed income overweight relative to the Bloomberg Barclays U.S. Aggregate Bond Index was to agency mortgage-backed pass-throughs along with an allocation to select non-agency residential mortgage-backed securities (RMBS), which was outside of the Bloomberg Barclays U.S. Aggregate Bond Index. In addition, as of the end of the period, through its investment in the Hartford Total Return Bond ETF, the Fund’s largest underweight was to United States Treasury bonds, while investment-grade corporate bonds have a neutral allocation, relative to the Bloomberg Barclays U.S. Aggregate Bond Index.

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. Since the Fund is not actively managed, it may underperform actively managed funds during certain markets. The ability of the Fund to meet its investment objective is directly related to the ability of the underlying funds to meet their objectives as well as the investment manager’s allocation among those underlying funds. The Fund is subject to the risks of the underlying funds in direct proportion to the amount of assets it invests in each underlying fund. The underlying funds are subject to the risks of the general equity market, small- and mid-cap securities, foreign and emerging-markets securities, fixed-income securities (which carry credit, liquidity, duration, and interest-rate risk), high-yield (“junk”) bonds, mortgage related- and asset-backed securities, and derivatives.

Asset Allocation(1)

as of 10/31/2020 (Unaudited)

 

Fund Type    Percentage of
Net Assets
 

Domestic Equity Funds

     65.4

Taxable Fixed Income Funds

     34.4  

Short-Term Investments

     0.2  

Other Assets & Liabilities

     0.0
  

 

 

 

Total

     100.0
  

 

 

 

 

*

Percentage rounds to zero.

 

(1) 

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

 

 

  11  

 


The Hartford Conservative Allocation Fund

Fund Overview

October 31, 2020 (Unaudited)

 

 

 

Inception 05/28/2004

Advised by Hartford Funds Management Company, LLC

(“HFMC” or the “Investment Manager”)

  Investment objective – The Fund seeks current income and long-term capital appreciation.

LOGO

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.

 

Average Annual Total Returns

for the Periods Ending 10/31/2020

 

      1 Year      5 Years      10 Years  

Class A1

     4.04%        4.62%        3.51%  

Class A2

     -1.69%        3.44%        2.93%  

Class C1

     3.34%        3.82%        2.74%  

Class C3

     2.34%        3.82%        2.74%  

Class I1

     4.28%        4.87%        3.78%  

Class R31

     3.61%        4.30%        3.18%  

Class R41

     3.95%        4.62%        3.50%  

Class R51

     4.27%        4.93%        3.81%  

Class F1

     4.47%        4.96%        3.83%  

65% Bloomberg Barclays U.S. Aggregate Bond Index/ 25% Russell 3000 Index/ 10% MSCI ACWI ex USA Index (Net)4

     6.90%        6.20%        6.05%  

Bloomberg Barclays U.S. Aggregate Bond Index

     6.19%        4.08%        3.55%  

Russell 3000 Index

     10.15%        11.48%        12.80%  

MSCI ACWI USA Index (Net)

     -2.61%        4.26%        3.43%  

 

1

Without sales charge

2 

Reflects maximum sales charge of 5.50%

3 

Reflects a contingent deferred sales charge of 1.00%

4 

Calculated by Hartford Funds Management Company, LLC

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Class F shares commenced operations on 02/28/2017. Performance prior to that date is that of the Fund’s Class I shares.

To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.

Performance information includes performance under the Fund’s previous sub-advisers, Hartford Investment Management Company and Wellington Management Company LLP (“Wellington Management”). For the period 06/04/2012 through 11/30/2015, Wellington Management served as the sub-adviser to the Fund, using a modified investment strategy. Prior to 06/04/2012, Hartford Investment Management Company served as the sub-adviser to the Fund, using a modified investment strategy.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

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

 

Operating Expenses*    Gross      Net  

Class A

     1.12%        1.12%  

Class C

     1.88%        1.88%  

Class I

     0.86%        0.86%  

Class R3

     1.47%        1.44%  

Class R4

     1.17%        1.14%  

Class R5

     0.87%        0.84%  

Class F

     0.76%        0.76%  

 

*

Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual expense reimbursement arrangements. Net expenses reflect such arrangements in instances when they reduce gross expenses. These arrangements remain in effect until 02/28/2021 unless the Fund’s Board of Directors approves an earlier termination. Expenses shown include acquired fund fees and expenses. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020.

 

 

 

  12  

 


The Hartford Conservative Allocation Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

Portfolio Managers

Vernon J. Meyer, CFA

Managing Director and Chief Investment Officer of Hartford Funds Management Company, LLC (the “Investment Manager”)

Allison Z. Mortensen, CFA

Head of Multi-Asset Solutions and Managing Director at Hartford Funds and Vice President of the Investment Manager

 

 

 

Manager Discussion

How did the Fund perform during the period?

The Class A shares of The Hartford Conservative Allocation Fund returned 4.04%, before sales charges, for the twelve-month period ended October 31, 2020, underperforming the Fund’s custom benchmark, which is comprised of 65% Bloomberg Barclays U.S. Aggregate Bond Index, 25% Russell 3000 Index and 10% MSCI ACWI ex USA Index (Net), which returned 6.90% for the same period. Individually, the Bloomberg Barclays U.S. Aggregate Bond Index, the Russell 3000 Index, and the MSCI ACWI ex USA Index (Net) returned 6.19%, 10.15%, and -2.61%, respectively, for the same period. For the same period, Class A shares of the Fund, before sales charges, outperformed the average return of the Lipper Mixed-Asset Target Allocation Conservative Funds category, a group of funds with equity weights of 20%-40%, which returned 3.35%.

Why did the Fund perform this way?

Waning recession fears, improved trade sentiment, and accommodative U.S. Federal Reserve (Fed) policy benefited U.S. markets toward the end of 2019 and into the first quarter of 2020. Then, after the U.S. equity market achieved record highs in February 2020 the coronavirus spread rapidly, causing unprecedented market disruptions and financial damage, and heightening fears of a severe economic downturn. The unprecedented scale of the fiscal and monetary stimulus implemented by Congress and the Fed in response to the pandemic was the most influential driver of the market’s rebound beginning in late March as markets were bolstered by the impact of the massive fiscal and monetary stimulus, by further signs of a recovery in global economic growth, and by encouraging progress for coronavirus vaccines.

Outside of the U.S., the European Central Bank (ECB) launched its own massive asset purchase program in response to the pandemic, which included non-financial corporate paper for the first time, while also easing collateral rules. Many other developed market central banks cut policy rates significantly while several emerging market central banks embarked on quantitative easing for the first time during the period.

Domestic equity markets continued to perform well, outpacing international developed and emerging markets for the twelve-month period. However, at the end of the period considerable uncertainty remained about a resurgence in coronavirus infections, the timeline for vaccine development, the unemployment rate, debt burdens, and the possibility of additional fiscal stimulus.

The Fund seeks to meet its investment objective through investment in a combination of other mutual funds and exchange traded funds (“ETFs”) advised by the Investment Manager or a wholly owned subsidiary of the Investment Manager (the “Underlying Funds”). The main driver of the

Fund’s underperformance relative to the custom benchmark over the twelve-month period ended October 31, 2020 was the Fund’s underweight to longer duration fixed income through its investment in the Hartford Short Duration ETF and The Hartford World Bond Fund and exposure to small cap and value oriented equities through its investment in the Hartford Small Cap Value Fund, The Hartford Equity Income Fund, and the Hartford Schroders International Multi-Cap Value Fund. Exposure to real assets through its investment in The Hartford Global Real Asset Fund also detracted from relative performance.

The outperformance of certain of the Underlying Funds relative to their individual benchmarks contributed positively to performance. In particular, the performance of The Hartford Growth Opportunities Fund, The Hartford Small Company Fund and The Hartford International Opportunities Fund had significant positive effects on the Fund’s performance relative to the custom benchmark. Partially offsetting this effect was the underperformance of The Hartford World Bond Fund, Hartford Multifactor US Equity ETF, and Hartford Multifactor Developed Markets (ex-US) ETF, which had negative effects on the Fund’s performance relative to the custom benchmark.

Asset allocation effects were neutral over the twelve-month period ended October 31, 2020.

Derivatives were not used at the aggregate fund level during the period but were used at the underlying fund level.

What is the outlook as of the end of the period?

As of the end of the period, economies across the globe continued to gradually reopen, resulting in substantial rebounds in economic activity. However, the impact to future productive capacity is unclear as some sectors of the economy may never fully recover. While the U.S. unemployment rate has fallen from 14.7% in April 2020 to 6.9% in October 2020, it is still elevated compared to pre-pandemic levels. While we have seen positive developments during the end of the period for the global markets and economies, we believe the recovery will likely begin to slow as winter may see more government-imposed lockdowns.

The 10-year Treasury yield fell from 1.71% at the beginning of the twelve-month period to 0.79% at the end of the twelve-month period. The Fed announced in mid-September that it expects to keep interest rates near zero until 2023, helping set expectations that higher inflation should not immediately lead to higher interest rates. As of the end of the period, we have maintained the Fund’s modest overweight to U.S. equities, with a focus on quality within the asset class. Within the fixed-income portion of the Fund, we maintained a shorter duration posture, as we do not believe longer-term interest rates sufficiently compensate for the increased volatility risk. We believe the fixed-income portion of the Fund is diversified in terms of geographic and credit exposures.

 

 

 

  13  

 


The Hartford Conservative Allocation Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. The ability of the Fund to meet its investment objective is directly related to the ability of the underlying funds to meet their objectives as well as the investment manager’s allocation among those underlying funds. The Fund is subject to the risks of the underlying funds, in direct proportion to the amount of assets it invests in each underlying fund. The underlying funds are subject to the risks of the general equity market, small- and mid-cap securities, foreign and emerging-markets securities, fixed-income securities (which carry credit, liquidity, duration, and interest-rate risk), high-yield (“junk”) bonds, mortgage related- and asset-backed securities, and derivatives.

Asset Allocation(1)

as of 10/31/2020 (Unaudited)

 

Fund Type    Percentage of
Net Assets
 

Domestic Equity Funds

     25.5

International/Global Equity Funds

     8.3  

Taxable Fixed Income Funds

     65.7  

Short-Term Investments

     0.4  

Other Assets & Liabilities

     0.1  
  

 

 

 

Total

     100.0
  

 

 

 

 

(1) 

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

 

  14  

 


The Hartford Global Real Asset Fund (consolidated)

Fund Overview

October 31, 2020 (Unaudited)

 

 

 

Inception 05/28/2010

Sub-advised by Wellington Management Company LLP

  Investment objective – The Fund seeks to provide long-term total returns that outpace inflation over a macroeconomic cycle.

LOGO

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.

 

Average Annual Total Returns

for the Periods Ending 10/31/2020

 

      1 Year      5 Years      10 Years  

Class A1

     -9.85%        0.85%        -2.30%  

Class A2

     -14.81%        -0.28%        -2.85%  

Class C1

     -10.54%        0.09%        -3.02%  

Class C3

     -11.42%        0.09%        -3.02%  

Class I1

     -9.50%        1.12%        -2.03%  

Class R31

     -10.03%        0.58%        -2.53%  

Class R41

     -9.82%        0.88%        -2.26%  

Class R51

     -9.59%        1.14%        -2.00%  

Class Y1

     -9.48%        1.21%        -1.94%  

Class F1

     -9.43%        1.17%        -2.01%  

Fund’s Current Benchmarks

        

40% Bloomberg Barclays U.S. TIPS 1-10 Year Index/ 30% MSCI ACWI Commodity Producers Index (Net)/ 10% Bloomberg Commodity Index Total Return/ 10% MSCI World IMI Core Real Estate Index (Net)/ 10% MSCI ACWI Infrastructure Index (Net)4

     -9.41%        1.41%        0.38%  

Bloomberg Barclays U.S. TIPS 1-10 Year Index

     7.01%        3.57%        2.51%  

MSCI ACWI Commodity Producers Index (Net)

     -27.45%        -1.92%        -4.13%  

Bloomberg Commodity Index Total Return

     -8.75%        -2.73%        -6.36%  

MSCI World IMI Core Real Estate Index (Net)

     -21.37%        0.90%        4.80%  

MSCI ACWI Infrastructure Index (Net)

     -7.96%        2.98%        3.78%  

Fund’s Prior Benchmark

        

55% MSCI ACWI Commodity Producers Index (Net)/ 35% Bloomberg Barclays U.S. TIPS 1-10 Year Index/ 10% Bloomberg Commodity Index Total Return4

     -13.78%        0.39%        -1.61%  

 

1 

Without sales charge

2

Reflects maximum sales charge of 5.50%

3

Reflects a contingent deferred sales charge of 1.00%

4 

Calculated by Hartford Funds Management Company, LLC

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Class F shares commenced operations on 02/28/2017. Performance prior to that date is that of the Fund’s Class I shares.

To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.

Effective 04/30/2020, the Fund changed its blended benchmark to 40% Bloomberg Barclays U.S. TIPS 1-10 Year Index/ 30% MSCI ACWI Commodity Producers Index (Net)/ 10% Bloomberg Commodity Index Total Return/ 10% MSCI World IMI Core Real Estate Index (Net)/ 10% MSCI ACWI Infrastructure Index (Net). The Fund changed its blended benchmark because Hartford Funds Management Company, LLC believes that the new blended benchmark better reflects the Fund’s revised investment strategy.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

 

 

 

  15  

 


The Hartford Global Real Asset Fund (consolidated)

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

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

 

Operating Expenses*    Gross      Net  

Class A

     1.48%        1.27%  

Class C

     2.25%        2.02%  

Class I

     1.13%        1.02%  

Class R3

     1.76%        1.52%  

Class R4

     1.46%        1.22%  

Class R5

     1.16%        0.97%  

Class Y

     1.12%        0.92%  

Class F

     1.04%        0.92%  

 

*

Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual expense reimbursement or fee waiver arrangements. Net expenses reflect such arrangements in instances when they reduce gross expenses. The expense reimbursement arrangement remains in effect until 02/28/2021 unless the Fund’s Board of Directors approves an earlier termination. The fee waiver remains in effect as long as the Fund remains invested in the subsidiary. Expenses shown include acquired fund fees and expenses and expenses of the Fund’s wholly-owned Cayman Islands subsidiary fund. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020.

 

 

 

Portfolio Managers

Scott M. Elliott

Senior Managing Director and Multi-Asset Portfolio Manager

Wellington Management Company LLP

Brian M. Garvey

Senior Managing Director and Multi-Asset Portfolio Manager

Wellington Management Company LLP

David A. Chang, CFA

Senior Managing Director and Commodities Portfolio Manager

Wellington Management Company LLP

 

 

 

Manager Discussion

How did the Fund perform during the period?

The Class A shares of The Hartford Global Real Asset Fund returned -9.85%, before sales charges, for the twelve-month period ended October 31, 2020, underperforming the Fund’s Current Benchmark1, which returned -9.41%, for the same period. For the same period, the Class A shares of the Fund, before sales charges, outperformed the Fund’s Prior Benchmark1, which returned -13.78% for the same period. Individually, the Bloomberg Barclays U.S. TIPS 1–10 Year Index, MSCI ACWI Commodity Producers Index (Net), Bloomberg Commodity Index Total Return, MSCI World IMI Core Real Estate Index (Net), and MSCI ACWI Infrastructure Index (Net) returned 7.01%, -27.45%, -8.75%, -21.37% and -7.96%, respectively, for the same period. For the same period, the Class A shares of the Fund, before sales charges, underperformed the -9.28% average return of the Lipper Real Return Funds peer group, a group of funds that seeks to maximize real return through investing primarily in domestic and foreign inflation-protected securities across asset classes.

 

1 

Effective April 30, 2020, the Fund’s custom blended benchmark changed from 55% MSCI ACWI Commodity Producers Index (Net) / 35% Bloomberg Barclays U.S. TIPS

  1–10 Year Index/10% Bloomberg Commodity Index Total Return (“Prior Benchmark”) to 40% Bloomberg Barclays U.S. TIPS 1-10 Year Index/ 30% MSCI ACWI Commodity Producers Index (Net) / 10% Bloomberg Commodity Index Total Return / 10% MSCI World IMI Core Real Estate Index (Net)/ 10% MSCI ACWI Infrastructure Index (Net) (“Current Benchmark”).

Why did the Fund perform this way?

For the twelve-month period ended October 31, 2020, global equities rose 4.89%, as measured by the MSCI ACWI Index (Net). Towards the end of 2019, global equities rose closing out the year 2019 with a gain of 26.6% as recession fears faded. Forecasts for improving global economic growth in 2020 helped to bolster risk sentiment, while geopolitics and trade disputes continued to be major drivers of market volatility. In the first quarter of 2020, global markets ended sharply lower. The coronavirus spread rapidly across the globe, causing unprecedented disruption to financial markets and economies and overshadowing optimism about a phase-one trade deal between the United States (U.S.) and China. In March 2020, the World Health Organization declared the coronavirus outbreak a pandemic, with 877,000 confirmed cases and more than 43,200 deaths in 180 countries. Market volatility remained extremely high, and liquidity plunged to record lows. In the second quarter of 2020, global equity markets surged to

 

 

 

  16  

 


The Hartford Global Real Asset Fund (consolidated)

Fund Overview

October 31, 2020 (Unaudited)

 

 

 

their best quarterly return since December 1999. Markets were fueled by optimism about successful early stage trials for a potential coronavirus vaccine, ongoing fiscal and monetary stimulus, and signs that global economic activity was improving. As new coronavirus cases declined in most countries, governments shifted their focus toward gradually lifting lockdown restrictions and supporting the recovery of their economies; however, new cases rose sharply in some areas of the U.S., while India and much of Latin America struggled to bring the coronavirus under control. In the third quarter of 2020, global markets were bolstered by the impact of the massive fiscal and monetary stimulus from governments and central banks, further signs of a recovery in global economic growth, and the potential for coronavirus vaccines in the near future. However, the recovery was threatened by the ongoing pandemic. The worldwide death toll eclipsed one million in September 2020, with infections escalating in Europe, the U.S., India, and Latin America. Europe faced an alarming rise in cases, as the number of new infections reached record highs in some countries. In the final month of the period, global equities fell as a resurgence of coronavirus cases in the U.S. and Europe and the upcoming U.S. elections were foremost in investors’ minds. The U.S. Food and Drug Administration (FDA) approved the antiviral drug, remdesivir for the treatment of coronavirus, while European countries battled a second wave of infections amid record-high numbers of new cases, most notably in France, Spain, Germany, and the United Kingdom (U.K.).

The Fund has four primary levers to seek to generate investment performance: inflation-related equity investments, inflation-related fixed income investments, commodity investments, and asset allocation among stocks, bonds, commodities, and cash. During the twelve-month period, we allocated a portion of the Fund’s assets to active strategies managed by specialized investment teams at Wellington Management Company LLP that invest the Fund’s assets in accordance with the Fund’s investment strategy. From November 1, 2019 through April 30, 2020, the Class A shares of the Fund, before sales charges, returned -15.66%, underperforming the Fund’s Prior Benchmark, which returned -14.51% for the same period. The Fund’s underperformance relative to the Prior Benchmark during the six-month period from November 1, 2019 to April 30, 2020 was driven by security selection decisions as weaker selection within the Energy sector, Metals and Mining sector, and fixed income investments drove negative performance over the period. However, performance was largely offset by positive contributions from asset allocation decisions. An underweight to Energy equities drove positive results as the oil market suffered the worst surplus in its history during April 2020. The imbalance was driven by a collapse in global demand due to the immobilization of many around the world, but also by Saudi Arabia and Russia, two of the world’s largest producers, engaging in a market share war, which boosted supply. Conversely, negative impacts to Fund performance from the Fund’s underweight to fixed income as well as an out-of-benchmark allocation to Inflation Opportunities, an active strategy that invests in international securities with exposure to inflationary non-natural resource sectors, partially offset these results over the period.

From May 1, 2020 to October 31, 2020, the Class A shares of the Fund, before sales charges, returned 6.89%, outperforming the Fund’s Current Benchmark, which returned 2.76% for the same period. The Fund’s outperformance relative to the Current Benchmark during the six-month period from May 1, 2020 to October 31, 2020 was driven by asset allocation decisions, while security selection decisions marginally

detracted from results. An underweight to Energy equities drove positive results as weakness in oil prices contributed to a sharp decline in the Energy sector due to a worsening demand outlook as coronavirus infections continued to rise in the U.S. and Europe during the period. Out-of-benchmark allocations to Climate Opportunities, an active strategy that has exposure to companies that may benefit from climate change adaptation and mitigation, and to Cyclical Opportunities, an active strategy which focuses on U.S. cyclicals like homebuilders and building materials, were positive contributors to relative performance. From a security selection perspective, negative performance was driven by weak selection within Energy equities and within commodities during the six-month period. This was partially offset by strong selection within fixed income.

During the twelve-month period, the Fund’s commodity exposure was gained through derivatives, primarily total return swaps and futures. The Fund’s commodities exposure contributed positively to relative performance over the six-month period from November 1, 2019 to April 30, 2020, driven by tactical decision making in the Energy sector and by an overweight to precious metals commodities. An overweight to precious metals commodities detracted from relative performance during the six-month period from May 1, 2020 to October 31, 2020, as did contract selection within the energy commodities sector.

What is the outlook as of the end of the period?

After leaning into the equity rally during the second and third quarters of 2020, we moderately reduced the Fund’s equity overweight. We deployed some of this capital into Treasury Inflation-Protected Securities (TIPS), where we believe that implied long-term inflation expectations are still too low. With most equity sectors up substantially from the depressed levels experienced earlier this year, trimming the Fund’s large risk-asset overweight seemed prudent. However, we continue to have a generally positive outlook as we believe the following: liquidity is abundant and is expected to remain so, valuations in the real asset space remain attractive; there is a healthy fear in the market regarding the near-term risks; and we may be entering a more inflationary cycle.

Our fundamental outlook for Energy remains uncertain with elevated global oil inventories, uncertain demand conditions, and supply risk from Iran potentially returning to the market. On the other hand, if a reopening economy into 2021 can improve the demand picture, continued supply discipline could quickly balance the market and push prices higher in our view. With the cost of capital continuing to rise due to divestment and structural demand fears, and the industry now five years into a lower capital expenditures phase, we expect supply should generally be supportive.

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. The Fund may allocate a portion of its assets to specialist portfolio managers, which may not work as intended. Investments in the commodities market and the natural-resource industry may increase the Fund’s liquidity risk, volatility and risk of loss if adverse developments occur. The value of inflation-protected securities (IPS) generally fluctuates with changes in real interest rates, and the market for IPS may be less developed or liquid, and more volatile, than other securities markets. Foreign investments may be more volatile and less liquid than U.S. investments

 

 

 

  17  

 


The Hartford Global Real Asset Fund (consolidated)

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

and are subject to the risk of currency fluctuations and adverse political and economic developments. These risks may be greater for investments in emerging markets. Fixed income security risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall. Derivatives are generally more volatile and sensitive to changes in market or economic conditions than other securities; their risks include currency, leverage, liquidity, index, pricing, and counterparty risk. The value of the underlying real estate of real estate related securities may go down due to various factors, including but not limited to, strength of the economy, amount of new construction, laws and regulations, costs of real estate, availability of mortgages and changes in interest rates. By investing in a Cayman Subsidiary, the Fund is indirectly exposed to the risks associated with a non-U.S. subsidiary and its investments.

Composition by Security Type(1)

as of 10/31/2020

 

Category    Percentage of
Net Assets
 

Equity Securities

 

Common Stocks

     60.5

Exchange-Traded Funds

     2.0  

Preferred Stocks

     0.1  
  

 

 

 

Total

     62.6
  

 

 

 

Fixed Income Securities

 

Asset & Commercial Mortgage-Backed Securities

     0.2

Convertible Bonds

     0.0

Corporate Bonds

     0.3  

Foreign Government Obligations

     2.7  

U.S. Government Agencies(2)

     0.1  

U.S. Government Securities

     22.9  
  

 

 

 

Total

     26.2
  

 

 

 

Short-Term Investments

     9.2  

Purchased Options

     0.0

Other Assets & Liabilities

     2.0  
  

 

 

 

Total

     100.0
  

 

 

 

 

*

Percentage rounds to zero.

 

(1) 

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

(2) 

All or a portion of the securities categorized as U.S. Government Agencies were agency mortgage backed securities as of October 31, 2020.

 

 

  18  

 


The Hartford Growth Allocation Fund

Fund Overview

October 31, 2020 (Unaudited)

 

 

 

Inception 05/28/2004

Advised by Hartford Funds Management Company, LLC

(“HFMC” or the “Investment Manager”)

  Investment objective – The Fund seeks long-term capital appreciation.

LOGO

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.

 

Average Annual Total Returns

for the Periods Ending 10/31/2020

 

      1 Year      5 Years      10 Years  

Class A1

     3.90%        6.25%        6.74%  

Class A2

     -1.81%        5.06%        6.13%  

Class C1

     3.10%        5.45%        5.96%  

Class C3

     2.10%        5.45%        5.96%  

Class I1

     4.23%        6.59%        7.09%  

Class R31

     3.64%        5.93%        6.42%  

Class R41

     3.92%        6.23%        6.74%  

Class R51

     4.26%        6.57%        7.06%  

Class F1

     4.31%        6.65%        7.12%  

55% Russell 3000 Index/ 25% MSCI ACWI ex USA Index (Net)/ 20% Bloomberg Barclays U.S. Aggregate Bond Index4

     6.54%        8.39%        8.75%  

Russell 3000 Index

     10.15%        11.48%        12.80%  

MSCI ACWI ex USA Index (Net)

     -2.61%        4.26%        3.43%  

Bloomberg Barclays U.S. Aggregate Bond Index

     6.19%        4.08%        3.55%  

 

1 

Without sales charge

2 

Reflects maximum sales charge of 5.50%

3 

Reflects a contingent deferred sales charge of 1.00%

4 

Calculated by Hartford Funds Management Company, LLC

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude

investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Class F shares commenced operations on 02/28/2017. Performance prior to that date is that of the Fund’s Class I shares.

To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.

Performance information includes performance under the Fund’s previous sub-advisers, Hartford Investment Management Company and Wellington Management Company LLP (“Wellington Management”). For the period 06/04/2012 through 05/31/2014, Wellington Management served as the sub-adviser to the Fund, using a modified investment strategy. Prior to 06/04/2012, Hartford Investment Management Company served as the sub-adviser to the Fund, using a modified investment strategy.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

Performance information may reflect historical waivers/reimbursements without which performance would have been lower.

 

Operating Expenses*    Gross      Net  

Class A

     1.11%        1.11%  

Class C

     1.89%        1.89%  

Class I

     0.80%        0.80%  

Class R3

     1.42%        1.42%  

Class R4

     1.13%        1.13%  

Class R5

     0.81%        0.81%  

Class F

     0.72%        0.72%  

 

*

Expenses as shown in the Fund’s most recent prospectus. Expenses shown include acquired fund fees and expenses. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020.

 

 

 

  19  

 


The Hartford Growth Allocation Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

Portfolio Managers

Vernon J. Meyer, CFA

Managing Director and Chief Investment Officer of Hartford Funds Management Company, LLC (the “Investment Manager”)

Allison Z. Mortensen, CFA

Head of Multi-Asset Solutions and Managing Director at Hartford Funds and Vice President of the Investment Manager

 

 

 

Manager Discussion

How did the Fund perform during the period?

The Class A shares of The Hartford Growth Allocation Fund returned 3.90%, before sales charges, for the twelve-month period ended October 31, 2020, underperforming the Fund’s custom benchmark, comprised of 55% Russell 3000 Index, 25% MSCI ACWI ex USA Index (Net), 20% Bloomberg Barclays U.S. Aggregate Bond Index, which returned 6.54% for the same period. Individually, the Russell 3000 Index, the MSCI ACWI ex USA Index (Net), and the Bloomberg Barclays U.S. Aggregate Bond Index, returned 10.15%, -2.61%, and 6.19%, respectively, for the same period. For the same period, Class A shares of the Fund, before sales charges, underperformed the average return of the Lipper Mixed-Asset Target Allocation Growth Funds category, a group of funds with equity weights of 60%-80%, which returned 3.98%.

Why did the Fund perform this way?

Waning recession fears, improved trade sentiment, and accommodative U.S. Federal Reserve (Fed) policy benefited U.S. markets toward the end of 2019 and into the first quarter of 2020. Then, after the U.S. equity market achieved record highs in February 2020 the coronavirus spread rapidly, causing unprecedented market disruptions and financial damage, and heightening fears of a severe economic downturn. The unprecedented scale of the fiscal and monetary stimulus implemented by Congress and the Fed in response to the pandemic was the most influential driver of the market’s rebound beginning in late March as markets were bolstered by the impact of the massive fiscal and monetary stimulus, by further signs of a recovery in global economic growth, and by encouraging progress for coronavirus vaccines.

Outside of the U.S., the European Central Bank (ECB) launched its own massive asset purchase program in response to the pandemic, which included non-financial corporate paper for the first time, while also easing collateral rules. Many other developed market central banks cut policy rates significantly while several emerging market central banks embarked on quantitative easing for the first time during the period.

Domestic equity markets continued to perform well, outpacing international developed and emerging markets for the twelve-month period. However, at the end of the period considerable uncertainty remained about a resurgence in coronavirus infections, the timeline for vaccine development, the unemployment rate, debt burdens, and the possibility of additional fiscal stimulus.

The Fund seeks to meet its investment objective through investment in a combination of other mutual funds and exchange traded funds (“ETFs”) advised by the Investment Manager or a wholly owned subsidiary of the Investment Manager (the “Underlying Funds”). The main driver of the Fund’s underperformance relative to the custom benchmark over the twelve-month period ended October 31, 2020 was the Fund’s exposure

to smaller-cap and value-oriented equities through its investment in the Hartford Small Cap Value Fund, The Hartford Equity Income Fund, and the Hartford Schroders International Multi-Cap Value Fund, as well as the Fund’s overweight to shorter-duration fixed income through its investment in Hartford Short Duration ETF and The Hartford World Bond Fund. Exposure to real assets through its investment in The Hartford Global Real Asset Fund, also detracted from relative performance.

The outperformance of certain of the Underlying Funds relative to their individual benchmarks contributed positively to performance. In particular, the performance of The Hartford Growth Opportunities Fund, The Hartford Small Company Fund and The Hartford International Opportunities Fund had significant positive effects on the Fund’s performance relative to the custom benchmark. Partially offsetting this effect was the underperformance of Hartford Multifactor US Equity ETF, The Hartford World Bond Fund and Hartford Multifactor Developed Markets (ex-US) ETF, which had negative effects on the Fund’s performance relative to the custom benchmark.

Asset allocation effects were positive over the twelve-month period ended October 31, 2020.

Derivatives were not used at the aggregate fund level during the period but were used at the underlying fund level.

What is the outlook as of the end of the period?

As of the end of the period, economies across the globe continued to gradually reopen, resulting in substantial rebounds in economic activity. However, the impact to future productive capacity is unclear as some sectors of the economy may never fully recover. While the U.S. unemployment rate has fallen from 14.7% in April 2020 to 6.9% in October 2020, it is still elevated compared to pre-pandemic levels. While we have seen positive developments during the end of the period for the global markets and economies, we believe the recovery will likely begin to slow as winter may see more government-imposed lockdowns.

The 10-year Treasury yield fell from 1.71% at the beginning of the twelve-month period to 0.79% at the end of the twelve-month period. The Fed announced in mid-September that it expects to keep interest rates near zero until 2023, helping set expectations that higher inflation should not immediately lead to higher interest rates. As of the end of the period, we have maintained the Fund’s modest overweight to U.S. equities, with a focus on quality within the asset class. Within the fixed-income portion of the Fund, we maintained a shorter duration posture, as we do not believe longer-term interest rates sufficiently compensate for the increased volatility risk. We believe the fixed-income portion of the Fund is diversified in terms of geographic and credit exposures.

 

 

 

  20  

 


The Hartford Growth Allocation Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies.  The ability of the Fund to meet its investment objective is directly related to the ability of the underlying funds to meet their objectives as well as the investment manager’s allocation among those underlying funds. The Fund is subject to the risks of the underlying funds, in direct proportion to the amount invested in each underlying fund. The underlying funds are subject to the risks of the general equity market, small- and mid-cap securities, foreign securities, emerging-market securities, fixed-income securities (which carry credit, liquidity, duration, and interest-rate risk), high-yield (“junk”) bonds, mortgage related- and asset-backed securities, and derivatives.

Asset Allocation(1)

as of 10/31/2020 (Unaudited)

 

Fund Type    Percentage of
Net Assets
 

Domestic Equity Funds

     58.1

International/Global Equity Funds

     21.8  

Taxable Fixed Income Funds

     19.9  

Short-Term Investments

     0.3  

Other Assets & Liabilities

     (0.1
  

 

 

 

Total

     100.0
  

 

 

 

 

(1) 

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

 

 

  21  

 


Hartford Moderate Allocation Fund

Fund Overview

October 31, 2020 (Unaudited)

 

 

 

Inception 05/28/2004

Advised by Hartford Funds Management Company, LLC

(“HFMC” or the “Investment Manager”)

  Investment objective – The Fund seeks long-term capital appreciation and income.

LOGO

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.

 

Average Annual Total Returns

for the Periods Ending 10/31/2020

 

      1 Year      5 Years      10 Years  

Class A1

     3.87%        5.53%        5.08%  

Class A2

     -1.84%        4.34%        4.49%  

Class C1

     3.08%        4.74%        4.31%  

Class C3

     2.08%        4.74%        4.31%  

Class I1

     4.15%        5.83%        5.39%  

Class R31

     3.58%        5.18%        4.73%  

Class R41

     3.90%        5.49%        5.05%  

Class R51

     4.14%        5.81%        5.36%  

Class F1

     4.32%        5.90%        5.43%  

40% Bloomberg Barclays U.S. Aggregate Bond Index/ 40% Russell 3000 Index/ 20% MSCI ACWI ex USA Index (Net)4

     6.62%        7.35%        7.44%  

Bloomberg Barclays U.S. Aggregate Bond Index

     6.19%        4.08%        3.55%  

Russell 3000 Index

     10.15%        11.48%        12.80%  

MSCI ACWI ex USA Index (Net)

     -2.61%        4.26%        3.43%  

 

1 

Without sales charge

2 

Reflects maximum sales charge of 5.50%

3 

Reflects a contingent deferred sales charge of 1.00%

4 

Calculated by Hartford Funds Management Company, LLC

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude

investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Class F shares commenced operations on 02/28/2017. Performance prior to that date is that of the Fund’s Class I shares.

To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.

Performance information includes performance under the Fund’s previous sub-advisers, Hartford Investment Management Company and Wellington Management Company LLP (“Wellington Management”). For the period 06/04/2012 through 11/30/2015, Wellington Management served as the sub-adviser to the Fund, using a modified investment strategy. Prior to 06/04/2012, Hartford Investment Management Company served as the sub-adviser to the Fund, using a modified investment strategy.

You cannot invest directly in an index.

See “Benchmark Glossary” for benchmark descriptions.

Performance information may reflect historical waivers/reimbursements without which performance would have been lower.

 

Operating Expenses*    Gross      Net  

Class A

     1.09%        1.09%  

Class C

     1.86%        1.86%  

Class I

     0.80%        0.80%  

Class R3

     1.42%        1.42%  

Class R4

     1.13%        1.13%  

Class R5

     0.81%        0.81%  

Class F

     0.72%        0.72%  

 

*

Expenses as shown in the Fund’s most recent prospectus. Expenses shown include acquired fund fees and expenses. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020.

 

 

 

  22  

 


Hartford Moderate Allocation Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

Portfolio Managers

Vernon J. Meyer, CFA

Managing Director and Chief Investment Officer of Hartford Funds Management Company, LLC (the “Investment Manager”)

Allison Z. Mortensen, CFA

Head of Multi-Asset Solutions and Managing Director at Hartford Funds and Vice President of the Investment Manager

 

 

 

Manager Discussion

How did the Fund perform during the period?

The Class A shares of the Hartford Moderate Allocation Fund returned 3.87%, before sales charges, for the twelve-month period ended October 31, 2020, underperforming the Fund’s custom benchmark, comprised of 40% Bloomberg Barclays U.S. Aggregate Bond Index, 40% Russell 3000 Index, and 20% MSCI ACWI ex USA Index (Net), which returned 6.62% for the same period. Individually, the Bloomberg Barclays U.S. Aggregate Bond Index, the Russell 3000 Index, and the MSCI ACWI ex USA Index (Net) returned 6.19%, 10.15%, and -2.61%, respectively, for the same period. For the same period, Class A shares of the Fund, before sales charges, underperformed the average return of the Lipper Mixed-Asset Target Allocation Moderate Funds category, a group of funds with equity weights of 40%-60%, which returned 2.93%.

Why did the Fund perform this way?

Waning recession fears, improved trade sentiment, and accommodative U.S. Federal Reserve (Fed) policy benefited U.S. markets toward the end of 2019 and into the first quarter of 2020. Then, after the U.S. equity market achieved record highs in February 2020 the coronavirus spread rapidly, causing unprecedented market disruptions and financial damage, and heightening fears of a severe economic downturn. The unprecedented scale of the fiscal and monetary stimulus implemented by Congress and the Fed in response to the pandemic was the most influential driver of the market’s rebound beginning in late March as markets were bolstered by the impact of the massive fiscal and monetary stimulus, by further signs of a recovery in global economic growth, and by encouraging progress for coronavirus vaccines.

Outside of the U.S., the European Central Bank (ECB) launched its own massive asset purchase program in response to the pandemic, which included non-financial corporate paper for the first time, while also easing collateral rules. Many other developed market central banks cut policy rates significantly while several emerging market central banks embarked on quantitative easing for the first time during the period.

Domestic equity markets continued to perform well, outpacing international developed and emerging markets for the twelve-month period. However, at the end of the period considerable uncertainty remained about a resurgence in coronavirus infections, the timeline for vaccine development, the unemployment rate, debt burdens, and the possibility of additional fiscal stimulus.

The Fund seeks to meet its investment objective through investment in a combination of other mutual funds and exchange traded funds (“ETFs”) advised by the Investment Manager or a wholly owned subsidiary of the Investment Manager (the “Underlying Funds”). The main driver of the Fund’s underperformance relative to the custom benchmark over the twelve-month period ended October 31, 2020 was the Fund’s exposure

to smaller-cap and value-oriented equities through its investment in the Hartford Small Cap Value Fund, The Hartford Equity Income Fund and the Hartford Schroders International Multi-Cap Value Fund as well as the Fund’s overweight to shorter-duration fixed income through the Fund’s investment in the Hartford Short Duration ETF and The Hartford World Bond Fund. Exposure to real assets through its investment in The Hartford Global Real Asset Fund also detracted from relative performance.

The outperformance of certain of the Underlying Funds relative to their individual benchmarks contributed positively to performance. In particular, the performance of The Hartford Growth Opportunities Fund, The Hartford Small Company Fund and The Hartford International Opportunities Fund had significant positive effects on the Fund’s performance relative to the custom benchmark. Partially offsetting this effect was the underperformance of Hartford Multifactor US Equity ETF, The Hartford World Bond Fund and Hartford Multifactor Developed Markets (ex-US) ETF, which had negative effects on the Fund’s performance relative to the custom benchmark.

Asset allocation effects were positive over the twelve-month period ended October 31, 2020.

Derivatives were not used at the aggregate fund level during the period but were used at the underlying fund level.

What is the outlook as of the end of the period?

As of the end of the period, economies across the globe continued to gradually reopen, resulting in substantial rebounds in economic activity. However, the impact to future productive capacity is unclear as some sectors of the economy may never fully recover. While the U.S. unemployment rate has fallen from 14.7% in April 2020 to 6.9% in October 2020, it is still elevated compared to pre-pandemic levels. While we have seen positive developments during the end of the period for the global markets and economies, we believe the recovery will likely begin to slow as winter may see more government-imposed lockdowns.

The 10-year Treasury yield fell from 1.71% at the beginning of the twelve-month period to 0.79% at the end of the twelve-month period. The Fed announced in mid-September that it expects to keep interest rates near zero until 2023, helping set expectations that higher inflation should not immediately lead to higher interest rates. As of the end of the period, we have maintained the Fund’s modest overweight to U.S. equities, with a focus on quality within the asset class. Within the fixed-income portion of the Fund, we maintained a shorter duration posture, as we do not believe longer-term interest rates sufficiently compensate for the increased volatility risk. We believe the fixed-income portion of the Fund is diversified in terms of geographic and credit exposures.

 

 

 

  23  

 


Hartford Moderate Allocation Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. The ability of the Fund to meet its investment objective is directly related to the ability of the underlying funds to meet their objectives as well as the investment manager’s allocation among those underlying funds. The Fund is subject to the risks of the underlying funds, in direct proportion to the amount it invests in each underlying fund. The underlying funds are subject to the risks of the general equity market, small- and mid-cap securities, foreign securities, emerging-market securities, fixed-income securities (which carry credit, liquidity, duration, and interest-rate risk), high-yield (“junk”) bonds, mortgage related- and asset-backed securities, and derivatives.

Asset Allocation(1)

as of 10/31/2020 (Unaudited)

 

Fund Type    Percentage of
Net Assets
 

Domestic Equity Funds

     42.0

International/Global Equity Funds

     17.8  

Taxable Fixed Income Funds

     39.9  

Short-Term Investments

     0.3  

Other Assets & Liabilities

     0.0
  

 

 

 

Total

     100.0
  

 

 

 

 

*

Percentage rounds to zero.

 

(1) 

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

*

Percentage rounds to zero.

 

 

 

  24  

 


Hartford Multi-Asset Income and Growth Fund

Fund Overview

October 31, 2020 (Unaudited)

 

 

 

Inception 07/22/1996

Sub-advised by Wellington Management Company LLP

  Investment objective – The Fund seeks to provide a high level of current income consistent with growth of capital.

LOGO

The chart above represents the hypothetical growth of a $10,000 investment in Class A, which includes the maximum sales charge applicable to Class A shares. Returns for the Fund’s other classes will vary from what is seen above due to differences in the expenses charged to those share classes.

 

Average Annual Total Returns

for the Periods Ending 10/31/2020

 

      1 Year      5 Years      10 Years  

Class A1

     -0.12%        5.20%        7.25%  

Class A2

     -5.61%        4.02%        6.65%  

Class C1

     -0.83%        4.45%        6.49%  

Class C3

     -1.68%        4.45%        6.49%  

Class I1

     0.19%        5.52%        7.43%  

Class R32

     -0.36%        4.91%        6.98%  

Class R42

     -0.13%        5.19%        7.29%  

Class R52

     0.10%        5.50%        7.60%  

Class R62

     0.25%        5.60%        7.68%  

Class Y2

     0.23%        5.57%        7.67%  

Class F2

     0.26%        5.58%        7.46%  

55% Bloomberg Barclays U.S. Aggregate Bond Index/ 45% S&P 500 Index4

     8.44%        7.75%        7.97%  

Bloomberg Barclays U.S. Aggregate Bond Index

     6.19%        4.08%        3.55%  

S&P 500 Index

     9.71%        11.71%        13.01%  

 

1 

Without sales charge

2 

Reflects maximum sales charge of 5.50%

3 

Reflects a contingent deferred sales charge of 1.00%

4 

Calculated by Hartford Funds Management Company, LLC

PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT GUARANTEE FUTURE RESULTS. The investment return and principal value of the investment will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The chart and table do not reflect the deductions of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please visit our website hartfordfunds.com.

Total returns presented above were calculated using the Fund’s net asset value available to shareholders for sale or redemption of Fund shares on 10/31/2020, which may exclude investment transactions as of this date. All share class returns assume the reinvestment of all distributions at net asset value and the deduction of all fund expenses.

Class I shares commenced operations on 03/31/2015. Performance prior to that date is that of the Fund’s Class A shares (excluding sales charges). Class R6 shares commenced operations on 02/28/2018. Performance prior to that date is that of the Fund’s Class Y shares. Class F shares commenced operations on 02/28/2017. Performance for Class F shares prior to 02/28/2017 reflects the performance of Class I shares from 03/31/2015 through 02/28/2017 and Class A shares (excluding sales charges) prior to 03/31/2015.

To the extent a share class has adopted the prior performance of another share class that had different operating expenses, such performance has not been adjusted to reflect the different operating expenses. If the performance were adjusted, it may have been higher or lower.

Performance information prior to 05/01/2019 includes the Fund’s performance when the Fund pursued a different investment objective and principal investment strategy.

You cannot invest directly in an index. See “Benchmark Glossary” for benchmark descriptions.

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

 

Operating Expenses*    Gross      Net  

Class A

     1.02%        1.02%  

Class C

     1.73%        1.73%  

Class I

     0.69%        0.69%  

Class R3

     1.35%        1.35%  

Class R4

     1.04%        1.04%  

Class R5

     0.74%        0.74%  

Class R6

     0.63%        0.63%  

Class Y

     0.73%        0.71%  

Class F

     0.62%        0.62%  

 

*

Expenses as shown in the Fund’s most recent prospectus. Gross expenses do not reflect contractual fee waivers or expense reimbursement arrangements. Net expenses reflect such arrangements only with respect to Class Y. These arrangements remain in effect until 02/28/2021 unless the Fund’s Board of Directors approves an earlier termination. Actual expenses may be higher or lower. Please see accompanying Financial Highlights for expense ratios for the period ended 10/31/2020.

 

 

 

  25  

 


Hartford Multi-Asset Income and Growth Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

Portfolio Managers

Lutz-Peter Wilke, CFA

Managing Director and Portfolio Manager

Wellington Management Company LLP

Michael Stack, CFA*

Senior Managing Director and Fixed Income Portfolio Manager

Wellington Management Company LLP

Loren Moran, CFA

Senior Managing Director and Fixed Income Portfolio Manager

Wellington Management Company LLP

* Michael E. Stack, CFA announced his plan to retire and withdraw from the partnership of Wellington Management Company LLP’s parent company, and effective June 30, 2021, he will no longer serve as a portfolio manager for the Fund. Mr. Stack’s portfolio management responsibilities for the fixed income portion of the Fund will transition to Ms. Moran in the months leading up to his departure.

 

 

 

Manager Discussion

How did the Fund perform during the period?

The Class A shares of the Hartford Multi-Asset Income and Growth Fund returned -0.12%, before sales charges, for the twelve-month period ended October 31, 2020, underperforming the Fund’s custom benchmark (55% Bloomberg Barclays U.S. Aggregate Bond Index / 45% S&P 500 Index), which returned 8.44% over the same period. Individually, the Bloomberg Barclays U.S. Aggregate Bond Index and the S&P 500 Index returned 6.19% and 9.71%, respectively, for the period. For the same period, the Class A shares of the Fund, before sales charges, also underperformed the 2.93% average return of the Lipper Mixed-Asset Target Allocation Moderate Funds category, a group of funds that by portfolio practice maintain a mix of between 40%-60% equity securities, with the remainder invested in bonds, cash, and cash equivalents.

Why did the Fund perform this way?

For the twelve-month period ended October 31, 2020, global equities rose 4.89% as measured by the MSCI ACWI Index (Net). In the first quarter of 2020, U.S. equities fell sharply as the coronavirus spread rapidly throughout the country, causing unprecedented market disruptions and financial damage, and heightening fears of a severe economic downturn. Many states adopted extraordinary measures to fight the contagion, while companies shuttered stores and production, withdrew earnings guidance, and drew down credit lines at a record pace as borrowing costs soared. Volatility surged to extreme levels, and the S&P 500 Index suffered its fastest ever decline into a bear market. The unprecedented scale of fiscal and monetary stimulus implemented by Congress and the U.S. Federal Reserve (Fed) in response to the pandemic drove the market’s rebound in the second quarter of 2020. Momentum carried into the third quarter of 2020, bolstered by substantial monetary support from the Fed, a broadening U.S. economic recovery and promising trials for coronavirus vaccines. However, the path to sustainable economic recovery was clouded by concerns about a resurgence in coronavirus infections around the country, an undetermined timeline for vaccines, high unemployment, elevated debt burdens, and uncertainty about additional fiscal stimulus.

Over the period, global fixed income markets were primarily influenced by the global growth slowdown driven by the pandemic and

subsequently the unprecedented speed and magnitude of stimulus measures enacted by global governments and central banks. Global sovereign debt yields significantly declined as major central banks aggressively eased policies in response to the pandemic. Geopolitical uncertainty remained elevated over the period due to the following: widespread protests in both Hong Kong and the United States, U.S.-China trade tensions, uncertainty surrounding the U.K.’s exit from the European Union (EU) (also known as Brexit), and U.S. political elections. Credit spreads widened significantly following global lockdown measures in response to the coronavirus, but recovered as economies reopened.

Over the period, the Fund’s overweight to fixed income and underweight to equities detracted from performance on a relative basis versus the custom benchmark as U.S. equities broadly outperformed their fixed income counterparts. Within the fixed income portion of the Fund, allocations to core fixed income, Opportunistic Duration (an active strategy managed by a specialized investment team at Wellington Management Company LLP (“Wellington Management”) which seeks to capitalize on differences in interest-rate sensitivity among fixed-income securities), and convertible bonds contributed positively to performance, while allocations to the Income Opportunities strategy (an active strategy managed by a specialized investment team at Wellington Management which seeks to generate income alongside long-term capital appreciation) detracted from performance. Within the equity portion of the Fund, allocations to Chinese equities and alternative energy and climate-related equities were additive, while the Fund’s allocation to the Global Low Volatility Income strategy (which invests in securities that Wellington Management believes exhibit low volatility) detracted from performance. The Fund’s allocation to equity linked notes was also a meaningful detractor over the period.

During the period, the Fund used derivatives to hedge currency risk and overall volatility, manage duration, as well as tactically gain exposure to fixed income and equity markets. Over the period, the Fund’s use of derivatives for volatility management purposes detracted from performance as markets swiftly rebounded after a sharp sell-off in the beginning of the year. Over the period, derivatives use for currency hedging and duration management contributed positively to performance, while derivatives used to tactically adjust exposure detracted from performance.

 

 

 

  26  

 


Hartford Multi-Asset Income and Growth Fund

Fund Overview – (continued)

October 31, 2020 (Unaudited)

 

 

 

What is the outlook as of the end of the period?

The Fund is slightly overweight fixed income and underweight equities relative to the custom benchmark as of the end of the period. We also maintained allocations to high-quality fixed-income securities, specifically within U.S. investment grade, while maintaining exposure to several allocations to fixed income sectors that are outside the custom benchmark, including emerging-markets debt, high-yield bonds, and convertible bonds. We continue to see further potential for the Chinese equities market to benefit from the rebalancing of the economy from industrial strength to consumption. We also continue to find what we consider to be attractive opportunities in the U.S. equity markets in select U.S. homebuilders companies, and we believe select European equities may benefit from the European Green Deal as the EU strives to be the first climate-neutral continent by 2050.

Important Risks

Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. The Fund may allocate a portion of its assets to specialist portfolio managers, which may not work as intended. Fixed income security risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall. Investments in Equity Linked Notes (ELNs) are subject to interest, credit, management, counterparty, liquidity, and market risks, and as applicable, foreign security and currency risks.  Loans can be difficult to value and less liquid than other types of debt instruments; they are also subject to nonpayment, collateral, bankruptcy, default, extension, prepayment and insolvency risks. Investments in high-yield (“junk”) bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities. Obligations of U.S. Government agencies are supported by varying degrees of credit but are generally not backed by the full faith and credit of the U.S. Government. Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. These risks may be greater for investments in emerging markets. Derivatives are generally more volatile and sensitive to changes in market or economic conditions than other securities; their risks include currency, leverage, liquidity, index, pricing, and counterparty risk.  Mortgage related- and asset-backed securities’ risks include credit, interest-rate, prepayment, and extension risk. Restricted securities may be more difficult to sell and price than other securities. For dividend-paying stocks, dividends are not guaranteed and may decrease without notice. Investments in ETFs are subject to the risks that apply to the ETF’s strategies and portfolio holdings.

Composition by Security Type(1)

as of 10/31/2020

Category    Percentage of
Net Assets
 

Equity Securities

 

Common Stocks

     24.0

Convertible Preferred Stocks

     0.3  

Equity Linked Securities

     13.0  
  

 

 

 

Total

     37.3
  

 

 

 

Fixed Income Securities

 

Asset & Commercial Mortgage-Backed Securities

     17.3

Convertible Bonds

     0.6  

Corporate Bonds

     20.5  

Foreign Government Obligations

     1.7  

Municipal Bonds

     1.0  

Senior Floating Rate Interests

     8.5  

U.S. Government Agencies(2)

     1.9  

U.S. Government Securities

     10.0  
  

 

 

 

Total

     61.5
  

 

 

 

Short-Term Investments

     2.3  

Other Assets & Liabilities

     (1.1
  

 

 

 

Total

     100.0
  

 

 

 

 

(1) 

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

(2) 

All or a portion of the securities categorized as U.S. Government Agencies were agency mortgage backed securities as of October 31, 2020.

 

 

 

  27  

 


Hartford Multi-Strategy Funds

Benchmark Glossary (Unaudited)

 

 

 

Bloomberg Barclays Corporate Index (reflects no deduction for fees, expenses or taxes) is the Corporate component of the U.S. Credit Index within the Bloomberg Barclays U.S. Aggregate Bond Index.

Bloomberg Barclays U.S. Aggregate Bond Index (reflects no deduction for fees, expenses or taxes) is composed of securities that are Securities and Exchange Commission registered, taxable, and dollar denominated. The index covers the U.S. investment grade fixed rate bond market, with index components for government and corporate securities, mortgage pass-through securities, and asset-backed securities. These major sectors are subdivided into more specific indices that are calculated and reported on a regular basis.

Bloomberg Barclays U.S. Corporate High Yield Bond 2% Issuer Cap Index (reflects no deduction for fees, expenses or taxes) is the 2% issuer cap component of the Bloomberg Barclays U.S. High Yield Index, which is an unmanaged broad-based market value-weighted index that tracks the total return performance of non-investment grade, fixed-rate, publicly placed, dollar denominated and non convertible debt registered with the Securities and Exchange Commission.

Bloomberg Barclays U.S. TIPS 1-10 Year Index (reflects no deduction for fees, expenses or taxes) represents U.S. Treasury inflation-protected securities having a maturity of at least 1 year and less than 10 years.

Bloomberg Commodity Index Total Return (reflects no deduction for fees, expenses or taxes) is composed of futures contracts and reflects the returns on a fully collateralized investment in the Bloomberg Commodity Index (“BCOM”). This combines the returns of the BCOM with the returns on cash collateral invested in 13 week (3 Month) U.S. Treasury bills.

JP Morgan Emerging Markets Bond Index Plus (reflects no deduction for fees, expenses or taxes) is a market capitalization-weighted index that tracks returns for actively traded external debt instruments in emerging markets.

MSCI All Country World (ACWI) Index (Net) (reflects reinvested dividends net of withholding taxes but reflects no deduction for fees, expenses or other taxes) is designed to capture large and mid cap representation across developed markets and emerging markets countries.

MSCI All Country World (ACWI) Commodity Producers Index (Net) (reflects reinvested dividends net of withholding taxes but reflects no deduction for fees, expenses or other taxes) is designed to capture the global opportunity set of commodity producers in the energy, metal and agricultural sectors. Constituents are selected from the equity universe of MSCI ACWI Index, the parent index, which covers mid and large cap securities across developed market and emerging market countries.

MSCI All Country World (ACWI) ex USA Index (Net) (reflects reinvested dividends net of withholding taxes but reflects no deduction for fees, expenses or other taxes) is designed to capture large and mid cap representation across developed markets (excluding the United States) and emerging market countries.

MSCI All Country World (ACWI) Infrastructure Index (Net) (reflects reinvested dividends net of withholding taxes but reflects no deduction for fees, expenses or other taxes) is designed to capture the global opportunity set of companies that are owners or operators of infrastructure assets.

MSCI World IMI Core Real Estate Index (Net) (reflects reinvested dividends net of withholding taxes but reflects no deduction for fees, expenses or other taxes) is designed to capture large, mid and small cap stocks across developed countries engaged in the ownership, development and management of specific core property type real estate.

Russell 1000 Value Index (reflects no deduction for fees, expenses or taxes) is designed to measure the performance of those Russell 1000 Index companies with lower price-to-book ratios and lower forecasted growth values. The Russell 1000 Index is designed to measure the performance of the 1,000 largest companies in the Russell 3000 Index based on their market capitalization and current index membership.

Russell 3000 Index (reflects no deduction for fees, expenses or taxes) is designed to measure the performance of the 3,000 largest U.S. companies based on total market capitalization.

S&P 500 Index (reflects no deduction for fees, expenses or taxes) is a float-adjusted market capitalization-weighted price index composed of 500 widely held common stocks.

Neither MSCI nor any other party involved in or related to compiling, computing or creating the MSCI data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any of such data. Without limiting any of the foregoing, in no event shall MSCI, any of its affiliates or any third party involved in or related to compiling, computing or creating the data have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages. No further distribution or dissemination of the MSCI data is permitted without MSCI’s express written consent.

BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively “Bloomberg”). BARCLAYS® is a trademark and service mark of Barclays Bank Plc (collectively with its affiliates, “Barclays”), used under license. Bloomberg or Bloomberg’s licensors, including Barclays, own all proprietary rights in the Bloomberg Barclays Indices. Neither Bloomberg nor Barclays approves or endorses this material, or guarantees the accuracy or completeness of any information herein, or makes any warranty, express or implied, as to the results to be obtained therefrom and, to the maximum extent allowed by law, neither shall have any liability or responsibility for injury or damages arising in connection therewith.

 

 

 

  28  

 


Hartford Multi-Strategy Funds

Expense Examples (Unaudited)

 

 

 

Your Fund’s Expenses

As a shareholder of a Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, if any, and contingent deferred sales charges (CDSC), if any, and (2) ongoing costs, including investment management fees, distribution and/or service (12b-1) fees, if any, and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in a Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period of May 1, 2020 through October 31, 2020. To the extent a Fund was subject to acquired fund fees and expenses during the period, acquired fund fees and expenses are not included in the annualized expense ratios below.

Actual Expenses

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

Hypothetical Example for Comparison Purposes

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

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (front-end sales loads and CDSC). Therefore, the second set of columns of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher. Expenses for a class of a Fund are equal to the class’ annualized expense ratio multiplied by average account value over the period, multiplied by 184/366 (to reflect the one-half year period).

 

     Actual Return      Hypothetical (5% return before expenses)  
      Beginning
Account Value
May 1, 2020
     Ending
Account Value
October 31, 2020
     Expenses paid
during the period
May 1, 2020
through
October 31, 2020
     Beginning
Account Value
May 1, 2020
     Ending
Account Value
October 31, 2020
     Expenses paid
during the period
May 1, 2020
through
October 31, 2020
     Annualized
expense
ratio
 

The Hartford Balanced Income Fund

 

Class A

   $     1,000.00      $     1,052.30      $     4.59      $     1,000.00      $     1,020.66      $     4.52        0.89

Class C

   $ 1,000.00      $ 1,047.70      $ 8.44      $ 1,000.00      $ 1,016.89      $ 8.31        1.64

Class I

   $ 1,000.00      $ 1,053.60      $ 3.30      $ 1,000.00      $ 1,021.92      $ 3.25        0.64

Class R3

   $ 1,000.00      $ 1,050.20      $ 6.39      $ 1,000.00      $ 1,018.90      $ 6.29        1.24

Class R4

   $ 1,000.00      $ 1,051.80      $ 4.85      $ 1,000.00      $ 1,020.41      $ 4.77        0.94

Class R5

   $ 1,000.00      $ 1,053.10      $ 3.46      $ 1,000.00      $ 1,021.77      $ 3.40        0.67

Class R6

   $ 1,000.00      $ 1,054.10      $ 2.89      $ 1,000.00      $ 1,022.32      $ 2.85        0.56

Class Y

   $ 1,000.00      $ 1,053.60      $ 3.41      $ 1,000.00      $ 1,021.82      $ 3.35        0.66

Class F

   $ 1,000.00      $ 1,054.00      $ 2.89      $ 1,000.00      $ 1,022.32      $ 2.85        0.56

Hartford AARP Balanced Retirement Fund

 

                 

Class A

   $ 1,000.00      $ 1,041.00      $ 4.00      $ 1,000.00      $ 1,021.22      $ 3.96        0.78

Class C

   $ 1,000.00      $ 1,037.50      $ 7.78      $ 1,000.00      $ 1,017.50      $ 7.71        1.52

Class I

   $ 1,000.00      $ 1,042.00      $ 2.16      $ 1,000.00      $ 1,023.03      $ 2.14        0.42

Class R3

   $ 1,000.00      $ 1,039.20      $ 5.59      $ 1,000.00      $ 1,019.66      $ 5.53        1.09

Class R4

   $ 1,000.00      $ 1,041.20      $ 4.05      $ 1,000.00      $ 1,021.17      $ 4.01        0.79

Class R5

   $ 1,000.00      $ 1,042.70      $ 2.57      $ 1,000.00      $ 1,022.62      $ 2.54        0.50

Class R6

   $ 1,000.00      $ 1,043.40      $ 1.75      $ 1,000.00      $ 1,023.43      $ 1.73        0.34

Class Y

   $ 1,000.00      $ 1,042.90      $ 2.52      $ 1,000.00      $ 1,022.67      $ 2.49        0.49

Class F

   $ 1,000.00      $ 1,043.80      $ 1.95      $ 1,000.00      $ 1,023.23      $ 1.93        0.38

The Hartford Checks and Balances Fund

 

                 

Class A

   $ 1,000.00      $ 1,093.30      $ 2.05      $ 1,000.00      $ 1,023.18      $ 1.98        0.39

Class C

   $ 1,000.00      $ 1,089.60      $ 6.09      $ 1,000.00      $ 1,019.31      $ 5.89        1.16

Class I

   $ 1,000.00      $ 1,094.50      $ 0.74      $ 1,000.00      $ 1,024.43      $ 0.71        0.14

Class R3

   $ 1,000.00      $ 1,091.70      $ 3.89      $ 1,000.00      $ 1,021.42      $ 3.76        0.74

Class R4

   $ 1,000.00      $ 1,093.40      $ 2.10      $ 1,000.00      $ 1,023.13      $ 2.03        0.40

Class R5

   $ 1,000.00      $ 1,094.90      $ 0.84      $ 1,000.00      $ 1,024.33      $ 0.81        0.16

Class F

   $ 1,000.00      $ 1,093.80      $ 0.26      $ 1,000.00      $ 1,024.89      $ 0.25        0.05

 

 

  29  

 


Hartford Multi-Strategy Funds

Expense Examples (Unaudited) – (continued)

 

 

 

     Actual Return      Hypothetical (5% return before expenses)  
      Beginning
Account Value
May 1, 2020
     Ending
Account Value
October 31, 2020
     Expenses paid
during the period
May 1, 2020
through
October 31, 2020
     Beginning
Account Value
May 1, 2020
     Ending
Account Value
October 31, 2020
     Expenses paid
during the period
May 1, 2020
through
October 31, 2020
     Annualized
expense
ratio
 

The Hartford Conservative Allocation Fund

 

                 

Class A

   $     1,000.00      $     1,072.20      $     3.13      $     1,000.00      $     1,022.12      $     3.05        0.60

Class C

   $ 1,000.00      $ 1,068.60      $ 7.18      $ 1,000.00      $ 1,018.20      $ 7.00        1.38

Class I

   $ 1,000.00      $ 1,073.10      $ 1.77      $ 1,000.00      $ 1,023.43      $ 1.73        0.34

Class R3

   $ 1,000.00      $ 1,070.00      $ 4.94      $ 1,000.00      $ 1,020.36      $ 4.82        0.95

Class R4

   $ 1,000.00      $ 1,071.10      $ 3.44      $ 1,000.00      $ 1,021.82      $ 3.35        0.66

Class R5

   $ 1,000.00      $ 1,072.90      $ 1.82      $ 1,000.00      $ 1,023.38      $ 1.78        0.35

Class F

   $ 1,000.00      $ 1,074.00      $ 1.30      $ 1,000.00      $ 1,023.88      $ 1.27        0.25

The Hartford Global Real Asset Fund (consolidated)

 

                 

Class A

   $ 1,000.00      $ 1,068.90      $ 6.50      $ 1,000.00      $ 1,018.85      $ 6.34        1.25

Class C

   $ 1,000.00      $ 1,064.40      $ 10.38      $ 1,000.00      $ 1,015.08      $ 10.13        2.00

Class I

   $ 1,000.00      $ 1,070.30      $ 4.84      $ 1,000.00      $ 1,020.46      $ 4.72        0.93

Class R3

   $ 1,000.00      $ 1,067.00      $ 7.85      $ 1,000.00      $ 1,017.55      $ 7.66        1.51

Class R4

   $ 1,000.00      $ 1,068.60      $ 6.45      $ 1,000.00      $ 1,018.90      $ 6.29        1.24

Class R5

   $ 1,000.00      $ 1,069.30      $ 4.84      $ 1,000.00      $ 1,020.46      $ 4.72        0.93

Class Y

   $ 1,000.00      $ 1,071.80      $ 4.69      $ 1,000.00      $ 1,020.61      $ 4.57        0.90

Class F

   $ 1,000.00      $ 1,071.80      $ 4.69      $ 1,000.00      $ 1,020.61      $ 4.57        0.90

The Hartford Growth Allocation Fund

 

                 

Class A

   $ 1,000.00      $ 1,127.30      $ 2.94      $ 1,000.00      $ 1,022.37      $ 2.80        0.55

Class C

   $ 1,000.00      $ 1,123.60      $ 7.21      $ 1,000.00      $ 1,018.35      $ 6.85        1.35

Class I

   $ 1,000.00      $ 1,130.00      $ 1.28      $ 1,000.00      $ 1,023.93      $ 1.22        0.24

Class R3

   $ 1,000.00      $ 1,125.80      $ 4.60      $ 1,000.00      $ 1,020.81      $ 4.37        0.86

Class R4

   $ 1,000.00      $ 1,128.00      $ 3.05      $ 1,000.00      $ 1,022.27      $ 2.90        0.57

Class R5

   $ 1,000.00      $ 1,130.00      $ 1.45      $ 1,000.00      $ 1,023.78      $ 1.37        0.27

Class F

   $ 1,000.00      $ 1,129.90      $ 0.91      $ 1,000.00      $ 1,024.28      $ 0.87        0.17

Hartford Moderate Allocation Fund

 

                 

Class A

   $ 1,000.00      $ 1,101.80      $ 2.85      $ 1,000.00      $ 1,022.42      $ 2.75        0.54

Class C

   $ 1,000.00      $ 1,097.90      $ 6.96      $ 1,000.00      $ 1,018.50      $ 6.70        1.32

Class I

   $ 1,000.00      $ 1,103.20      $ 1.32      $ 1,000.00      $ 1,023.88      $ 1.27        0.25

Class R3

   $ 1,000.00      $ 1,100.50      $ 4.59      $ 1,000.00      $ 1,020.76      $ 4.42        0.87

Class R4

   $ 1,000.00      $ 1,102.50      $ 2.70      $ 1,000.00      $ 1,022.57      $ 2.59        0.51

Class R5

   $ 1,000.00      $ 1,104.10      $ 1.43      $ 1,000.00      $ 1,023.78      $ 1.37        0.27

Class F

   $ 1,000.00      $ 1,104.10      $ 0.90      $ 1,000.00      $ 1,024.28      $ 0.87        0.17

Hartford Multi-Asset Income and Growth Fund

 

                 

Class A

   $ 1,000.00      $ 1,065.70      $ 5.35      $ 1,000.00      $ 1,019.96      $ 5.23        1.03

Class C

   $ 1,000.00      $ 1,061.70      $ 9.07      $ 1,000.00      $ 1,016.34      $ 8.87        1.75

Class I

   $ 1,000.00      $ 1,067.20      $ 3.64      $ 1,000.00      $ 1,021.62      $ 3.56        0.70

Class R3

   $ 1,000.00      $ 1,064.90      $ 6.59      $ 1,000.00      $ 1,018.75      $ 6.44        1.27

Class R4

   $ 1,000.00      $ 1,065.50      $ 5.56      $ 1,000.00      $ 1,019.76      $ 5.43        1.07

Class R5

   $ 1,000.00      $ 1,066.60      $ 3.95      $ 1,000.00      $ 1,021.32      $ 3.86        0.76

Class R6

   $ 1,000.00      $ 1,067.90      $ 3.33      $ 1,000.00      $ 1,021.92      $ 3.25        0.64

Class Y

   $ 1,000.00      $ 1,067.50      $ 3.79      $ 1,000.00      $ 1,021.47      $ 3.71        0.73

Class F

   $ 1,000.00      $ 1,067.60      $ 3.33      $ 1,000.00      $ 1,021.92      $ 3.25        0.64

 

 

  30  

 


The Hartford Balanced Income Fund

Schedule of Investments

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
COMMON STOCKS - 42.8%  
      Banks - 3.3%  
    7,334,680    

Bank of America Corp.

  $ 173,831,916  
    1,385,668    

JP Morgan Chase & Co.

    135,850,891  
    553,843    

PNC Financial Services Group, Inc.

    61,963,955  
    1,924,057    

Truist Financial Corp.

    81,041,281  
     

 

 

 
    452,688,043  
     

 

 

 
      Capital Goods - 5.7%  
    91,053    

3M Co.

    14,564,838  
    904,845    

Caterpillar, Inc.

    142,105,907  
    1,500,903    

Eaton Corp. plc

    155,778,722  
    1,059,308    

Emerson Electric Co.

    68,632,565  
    669,647    

General Dynamics Corp.

    87,944,741  
    527,900    

Honeywell International, Inc.

    87,077,105  
    393,329    

Lockheed Martin Corp.

    137,716,283  
    1,483,182    

Raytheon Technologies Corp.

    80,566,446  
     

 

 

 
    774,386,607  
     

 

 

 
      Consumer Durables & Apparel - 0.5%  
    965,395    

VF Corp.

    64,874,544  
     

 

 

 
      Consumer Services - 0.6%  
    7,298    

Caesars Entertainment, Inc.*

    327,096  
    397,077    

McDonald’s Corp.

    84,577,401  
     

 

 

 
    84,904,497  
     

 

 

 
      Diversified Financials - 1.9%  
    204,759    

BlackRock, Inc.

    122,693,640  
    1,185,871    

Blackstone Group, Inc. Class A

    59,791,616  
    1,608,300    

Morgan Stanley

    77,439,645  
     

 

 

 
    259,924,901  
     

 

 

 
      Energy - 1.3%  
    1,555,679    

ConocoPhillips

    44,523,533  
    3,816    

Foresight Energy LLC*(1)(2)

    30,276  
    1,550,197    

Kinder Morgan, Inc.

    18,447,344  
    1,017,074    

Phillips 66

    47,456,673  
    1,678,895    

TC Energy Corp.

    66,082,154  
     

 

 

 
    176,539,980  
     

 

 

 
      Food, Beverage & Tobacco - 4.3%  
    2,237,024    

Archer-Daniels-Midland Co.

    103,439,990  
    1,678,203    

Coca-Cola Co.

    80,654,436  
    956,244    

Kellogg Co.

    60,138,185  
    1,651,631    

Mondelez International, Inc. Class A

    87,734,639  
    568,556    

PepsiCo., Inc.

    75,782,829  
    2,012,542    

Philip Morris International, Inc.

    142,930,733  
    27,560,000    

Philip Morris International, Inc.

    27,301,074  
     

 

 

 
    577,981,886  
     

 

 

 
      Health Care Equipment & Services - 1.9%  
    1,506,380    

CVS Health Corp.

    84,492,854  
    1,728,443    

Medtronic plc

    173,829,513  
     

 

 

 
    258,322,367  
     

 

 

 
      Household & Personal Products - 1.5%  
    1,026,869    

Procter & Gamble Co.

    140,783,740  
    1,134,984    

Unilever N.V.

    64,194,695  
     

 

 

 
    204,978,435  
     

 

 

 
      Insurance - 3.0%  
    901,724    

Chubb Ltd.

    117,142,965  
    3,207,432    

MetLife, Inc.

    121,401,301  
    1,387,179    

Progressive Corp.

    127,481,750  
    270,222    

Travelers Cos., Inc.

    32,618,498  
     

 

 

 
    398,644,514  
     

 

 

 
      Materials - 0.5%  
    956,234    

LyondellBasell Industries N.V. Class A

    65,454,217  
Shares or Principal Amount   Market Value  
COMMON STOCKS - 42.8% - (continued)  
      Materials - 0.5% - (continued)  
    6,255,000    

Teck Resources Ltd.

  $ 6,559,192  
     

 

 

 
    72,013,409  
     

 

 

 
      Media & Entertainment - 1.4%  
    4,320,165    

Comcast Corp. Class A

    182,483,770  
     

 

 

 
      Pharmaceuticals, Biotechnology & Life Sciences - 5.2%  
    1,441,984    

AstraZeneca plc ADR

    72,329,917  
    457,610    

Eli Lilly & Co.

    59,699,801  
    1,446,332    

Johnson & Johnson

    198,306,580  
    920,426    

Merck & Co., Inc.

    69,225,239  
    831,370    

Novartis AG

    64,782,495  
    5,257,945    

Pfizer, Inc.

    186,551,889  
    627,665    

Sanofi

    56,673,969  
     

 

 

 
    707,569,890  
     

 

 

 
      Real Estate - 1.3%  
    1,120,160    

Crown Castle International Corp. REIT

    174,968,992  
     

 

 

 
      Retailing - 0.5%  
    238,367    

Home Depot, Inc.

    63,574,863  
     

 

 

 
      Semiconductors & Semiconductor Equipment - 1.1%  
    553,198    

Analog Devices, Inc.

    65,570,559  
    1,580,829    

Intel Corp.

    69,999,108  
    78,588    

Texas Instruments, Inc.

    11,363,039  
     

 

 

 
    146,932,706  
     

 

 

 
      Software & Services - 0.5%  
    466,441    

Automatic Data Processing, Inc.

    73,679,020  
     

 

 

 
      Technology Hardware & Equipment - 1.9%  
    4,277,063    

Cisco Systems, Inc.

    153,546,562  
    3,322,088    

Corning, Inc.

    106,207,153  
     

 

 

 
    259,753,715  
     

 

 

 
      Telecommunication Services - 1.5%  
    549,095    

BCE, Inc.(3)

    22,066,011  
    3,127,133    

Verizon Communications, Inc.

    178,215,310  
     

 

 

 
    200,281,321  
     

 

 

 
      Transportation - 0.9%  
    652,823    

Union Pacific Corp.

    115,673,707  
     

 

 

 
      Utilities - 4.0%  
    837,380    

American Electric Power Co., Inc.

    75,305,583  
    1,571,364    

Dominion Energy, Inc.

    126,243,384  
    871,235    

Duke Energy Corp.

    80,249,456  
    492,626    

Entergy Corp.

    49,863,603  
    417,036    

Eversource Energy

    36,394,732  
    2,026,484    

Exelon Corp.

    80,836,447  
    717,353    

Sempra Energy

    89,927,372  
     

 

 

 
    538,820,577  
     

 

 

 
 

Total Common Stocks
(cost $5,191,122,387)

  $ 5,788,997,744  
     

 

 

 
PREFERRED STOCKS - 0.0%  
      Diversified Financials - 0.0%  
    29,500    

GMAC Capital Trust Series 2, 6.07%(4)

  $ 759,330  
     

 

 

 
 

Total Preferred Stocks
(cost $773,012)

  $ 759,330  
     

 

 

 
CORPORATE BONDS - 46.5%  
      Advertising - 0.0%  
 

Lamar Media Corp.

 

$     345,000    

3.75%, 02/15/2028

  $ 343,606  
    1,715,000    

5.75%, 02/01/2026

    1,774,511  
     

 

 

 
    2,118,117  
     

 

 

 
 

 

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

 

 

  31  

 


The Hartford Balanced Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 46.5% - (continued)  
          Aerospace/Defense - 1.2%  
$     445,000    

Airbus SE 3.15%, 04/10/2027(5)

  $ 473,383  
    2,455,000    

BAE Systems plc 3.40%, 04/15/2030(5)

    2,730,880  
   

Boeing Co.

 
    7,000,000    

3.25%, 02/01/2035

    6,502,357  
    13,025,000    

5.04%, 05/01/2027

    14,312,526  
    3,415,000    

5.71%, 05/01/2040

    3,961,278  
   

Bombardier, Inc.

 
    3,490,000    

6.13%, 01/15/2023(5)

    3,010,998  
    1,965,000    

7.88%, 04/15/2027(5)

    1,431,444  
   

DAE Funding LLC

 
    670,000    

4.50%, 08/01/2022(5)

    673,350  
    1,365,000    

5.00%, 08/01/2024(5)

    1,379,196  
    515,000    

Embraer Netherlands Finance B.V. 5.40%, 02/01/2027

    489,775  
   

L3Harris Technologies, Inc.

 
    1,900,000    

2.90%, 12/15/2029

    2,073,577  
    29,890,000    

3.85%, 06/15/2023

    32,276,119  
    7,545,000    

4.40%, 06/15/2028

    8,910,437  
   

Lockheed Martin Corp.

 
    5,340,000    

3.60%, 03/01/2035

    6,353,814  
    6,025,000    

4.50%, 05/15/2036

    7,702,070  
   

Northrop Grumman Corp.

 
    10,830,000    

2.93%, 01/15/2025

    11,725,242  
    3,200,000    

3.25%, 01/15/2028

    3,575,752  
    4,000,000    

4.03%, 10/15/2047

    4,821,167  
    335,000    

Raytheon Technologies Corp. 4.88%, 10/15/2040(5)

    423,969  
   

TransDigm, Inc.

 
    2,700,000    

5.50%, 11/15/2027

    2,635,875  
    4,970,000    

6.25%, 03/15/2026(5)

    5,181,175  
    505,000    

8.00%, 12/15/2025(5)

    546,814  
   

United Technologies Corp.

 
    5,000,000    

3.75%, 11/01/2046

    5,724,523  
    8,945,000    

3.95%, 08/16/2025

    10,203,938  
    1,925,000    

4.50%, 06/01/2042

    2,413,085  
    5,965,000    

4.63%, 11/16/2048

    7,786,916  
    7,960,000    

5.70%, 04/15/2040

    11,165,891  
    1,890,000    

6.13%, 07/15/2038

    2,746,453  
     

 

 

 
        161,232,004  
     

 

 

 
          Agriculture - 1.2%  
   

Altria Group, Inc.

 
    2,665,000    

2.35%, 05/06/2025

    2,810,528  
    7,655,000    

3.80%, 02/14/2024

    8,329,997  
    11,580,000    

3.88%, 09/16/2046

    11,722,429  
    2,590,000    

4.40%, 02/14/2026

    2,980,348  
    6,540,000    

4.80%, 02/14/2029

    7,681,461  
    15,655,000    

5.38%, 01/31/2044

    19,321,562  
   

BAT Capital Corp.

 
    36,085,000    

2.26%, 03/25/2028

    35,977,368  
    8,515,000    

3.22%, 09/06/2026

    9,150,219  
    16,380,000    

3.22%, 08/15/2024

    17,575,075  
    9,765,000    

3.46%, 09/06/2029

    10,465,474  
    400,000    

3.98%, 09/25/2050

    388,908  
    12,840,000    

Cargill, Inc. 2.13%, 04/23/2030(5)

    13,383,909  
   

Imperial Brands Finance plc

 
    6,455,000    

3.50%, 02/11/2023(5)

    6,758,614  
    5,360,000    

3.75%, 07/21/2022(5)

    5,581,483  
    480,000    

Kernel Holding S.A. 6.75%, 10/27/2027(5)

    477,600  
   

Philip Morris International, Inc.

 
    4,205,000    

2.10%, 05/01/2030

    4,295,056  
    1,230,000    

4.13%, 03/04/2043

    1,440,254  
    1,980,000    

4.25%, 11/10/2044

    2,366,860  
     

 

 

 
    160,707,145  
     

 

 

 
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 46.5% - (continued)  
      Airlines - 0.0%  
$     687    

Continental Airlines, Inc. 6.90%, 10/19/2023

  $ 640  
     

 

 

 
      Apparel - 0.1%  
    2,120,000    

G-III Apparel Group Ltd. 7.88%, 08/15/2025(5)

    2,146,500  
    4,675,000    

NIKE, Inc. 3.25%, 03/27/2040

    5,280,556  
    2,120,000    

PVH Corp. 4.63%, 07/10/2025

    2,236,602  
    2,865,000    

William Carter Co. 5.50%, 05/15/2025(5)

    3,008,250  
     

 

 

 
    12,671,908  
     

 

 

 
      Auto Manufacturers - 0.3%  
   

Ford Motor Co.

 
    1,665,000    

4.75%, 01/15/2043

    1,537,961  
    1,400,000    

8.50%, 04/21/2023

    1,545,250  
   

Ford Motor Credit Co. LLC

 
    3,200,000    

4.54%, 08/01/2026

    3,256,000  
    1,500,000    

5.13%, 06/16/2025

    1,563,435  
   

General Motors Co.

 
    9,235,000    

5.15%, 04/01/2038

    10,277,505  
    4,917,000    

5.20%, 04/01/2045

    5,490,010  
    2,745,000    

6.13%, 10/01/2025

    3,212,567  
    1,325,000    

6.25%, 10/02/2043

    1,629,816  
    385,000    

6.80%, 10/01/2027

    472,634  
   

General Motors Financial Co., Inc.

 
    5,985,000    

3.50%, 11/07/2024

    6,335,695  
    4,245,000    

4.35%, 01/17/2027

    4,652,233  
    475,000    

Nissan Motor Co., Ltd. 4.35%, 09/17/2027(5)

    476,477  
    3,265,000    

Volkswagen Group of America Finance LLC 3.88%, 11/13/2020(5)

    3,268,234  
     

 

 

 
    43,717,817  
     

 

 

 
      Auto Parts & Equipment - 0.1%  
   

Adient Global Holdings Ltd.

 
EUR     1,930,000    

3.50%, 08/15/2024(6)

    2,094,418  
$     3,665,000    

4.88%, 08/15/2026(5)

    3,508,798  
    1,375,000    

Clarios Global L.P. / Clarios U.S. Finance Co. 8.50%, 05/15/2027(5)

    1,434,331  
     

 

 

 
    7,037,547  
     

 

 

 
      Beverages - 1.5%  
   

Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc.

 
    9,405,000    

3.65%, 02/01/2026

    10,563,917  
    20,055,000    

4.70%, 02/01/2036

    24,640,845  
    11,111,000    

4.90%, 02/01/2046

    13,590,286  
   

Anheuser-Busch InBev Worldwide, Inc.

 
    9,174,000    

3.75%, 07/15/2042

    9,831,433  
    5,985,000    

4.15%, 01/23/2025

    6,788,541  
    2,720,000    

4.35%, 06/01/2040

    3,203,269  
    3,440,000    

4.38%, 04/15/2038

    4,024,501  
    7,750,000    

4.60%, 04/15/2048

    9,182,861  
    9,630,000    

4.75%, 04/15/2058

    11,626,353  
    405,000    

5.45%, 01/23/2039

    524,103  
    5,365,000    

Bacardi Ltd. 5.15%, 05/15/2038(5)

    6,460,834  
   

Coca-Cola Co.

 
    14,755,000    

1.65%, 06/01/2030

    15,062,959  
    15,000,000    

2.50%, 06/01/2040

    15,802,577  
    1,725,000    

Coca-Cola Co. 2.50%, 03/15/2051

    1,700,013  
   

Constellation Brands, Inc.

 

    720,000    

2.88%, 05/01/2030

    775,500  
    1,585,000    

3.15%, 08/01/2029

    1,736,021  
    7,893,000    

3.60%, 02/15/2028

    8,888,031  
    150,000    

4.65%, 11/15/2028

    180,477  
    15,297,000    

Diageo Capital plc 2.00%, 04/29/2030

    15,713,420  
 

 

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

 

 

  32  

 


The Hartford Balanced Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 46.5% - (continued)  
      Beverages - 1.5% - (continued)  
$     330,000    

Embotelladora Andina S.A. 3.95%, 01/21/2050(6)

  $ 350,216  
    1,330,000    

Keurig Dr Pepper, Inc. 3.20%, 05/01/2030

    1,483,476  
   

PepsiCo, Inc.

 

    6,290,000    

1.63%, 05/01/2030

    6,411,919  
    6,500,000    

3.38%, 07/29/2049

    7,480,470  
   

Pernod Ricard International Finance LLC

 

    18,810,000    

1.25%, 04/01/2028(3)(5)

    18,315,754  
    12,840,000    

1.63%, 04/01/2031(5)

    12,436,164  
     

 

 

 
        206,773,940  
     

 

 

 
          Biotechnology - 0.7%  
   

Amgen, Inc.

 

    2,400,000    

1.90%, 02/21/2025

    2,491,929  
    12,880,000    

2.20%, 02/21/2027

    13,530,961  
    11,490,000    

3.15%, 02/21/2040

    12,083,704  
    9,525,000    

3.38%, 02/21/2050

    10,136,363  
    7,025,000    

4.40%, 05/01/2045

    8,572,622  
   

Gilead Sciences, Inc.

 

    7,060,000    

1.20%, 10/01/2027

    7,024,577  
    6,800,000    

2.60%, 10/01/2040

    6,592,507  
    6,000,000    

2.80%, 10/01/2050

    5,844,955  
   

Royalty Pharma plc

 

    8,060,000    

1.75%, 09/02/2027(5)

    7,995,137  
    16,060,000    

2.20%, 09/02/2030(5)

    15,806,977  
    705,000    

3.30%, 09/02/2040(5)

    693,593  
    3,570,000    

3.55%, 09/02/2050(5)

    3,417,390  
     

 

 

 
        94,190,715  
     

 

 

 
          Chemicals - 1.0%  
   

Air Products and Chemicals, Inc.

 

    2,560,000    

1.50%, 10/15/2025

    2,653,388  
    4,840,000    

1.85%, 05/15/2027

    5,056,766  
    600,000    

Braskem Netherlands Finance B.V. 4.50%, 01/10/2028(6)

    576,312  
    970,000    

Chandra Asri Petrochemical Tbk PT 4.95%, 11/08/2024(6)

    912,244  
   

Dow Chemical Co.

 

    9,200,000    

3.60%, 11/15/2050

    9,366,950  
    9,415,000    

4.55%, 11/30/2025

    10,900,826  
    8,300,000    

DuPont de Nemours, Inc. 4.73%, 11/15/2028

    9,944,485  
    6,360,000    

EI du Pont de Nemours and Co. 1.70%, 07/15/2025

    6,594,092  
   

LYB International Finance LLC

 

    8,745,000    

2.25%, 10/01/2030

    8,727,763  
    7,745,000    

2.88%, 05/01/2025

    8,310,873  
    3,740,000    

3.38%, 10/01/2040

    3,710,125  
    465,000    

Methanex Corp. 5.13%, 10/15/2027

    473,510  
    480,000    

NOVA Chemicals Corp. 4.88%, 06/01/2024(5)

    474,816  
    3,575,000    

Nutrien Ltd. 3.95%, 05/13/2050

    4,097,077  
   

Nutrition & Biosciences, Inc.

 

    15,680,000    

1.83%, 10/15/2027(5)

    15,719,108  
    7,000,000    

2.30%, 11/01/2030(5)

    7,039,325  
    1,620,000    

3.27%, 11/15/2040(5)

    1,662,855  
   

OCP S.A.

 
    4,359,000    

4.50%, 10/22/2025(6)

    4,609,093  
    340,000    

6.88%, 04/25/2044(6)

    425,891  
   

Sherwin-Williams Co.

 
    16,335,000    

2.95%, 08/15/2029

    17,887,652  
    2,710,000    

3.30%, 05/15/2050

    2,884,042  
    1,740,000    

4.50%, 06/01/2047

    2,179,736  
    950,000    

4.55%, 08/01/2045

    1,162,141  
   

Syngenta Finance N.V.

 
EUR     1,250,000    

3.38%, 04/16/2026(6)

    1,563,872  
$     3,870,000    

4.89%, 04/24/2025(5)

    4,195,632  
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 46.5% - (continued)  
          Chemicals - 1.0% - (continued)  
$     565,000    

TPC Group, Inc. 10.50%, 08/01/2024(5)

  $ 471,775  
     

 

 

 
    131,600,349  
     

 

 

 
      Commercial Banks - 6.7%  
    1,350,000    

Banco de Credito del Peru 3.13%, 07/01/2030, (3.13% fixed rate until 07/01/2025; 5 year USD CMT + 3.000% thereafter)(5)(7)

    1,364,863  
   

Banco do Brasil S.A.

 
    845,000    

4.63%, 01/15/2025, 5 year EUR Swap + 7.591%(5)

    897,821  
    1,680,000    

4.75%, 03/20/2024, 5 year EUR Swap + 7.591%(5)

    1,785,017  
    210,000    

4.88%, 04/19/2023(5)

    221,707  
   

Bancolombia S.A.

 
    1,380,000    

3.00%, 01/29/2025

    1,393,276  
    835,000    

4.63%, 12/18/2029, (4.63% fixed rate until 12/18/2024; 5 year USD CMT + 2.944% thereafter)(7)

    815,169  
    810,000    

Bank Leumi Le-Israel BM 3.28%, 01/29/2031, (3.28% fixed rate until 01/29/2026; 5 year USD CMT + 1.631% thereafter)(5)(6)(7)

    816,846  
   

Bank of America Corp.

 
    8,675,000    

1.32%, 06/19/2026, (1.32% fixed rate until 06/19/2025; 3 mo. USD SOFR + 1.150% thereafter)(7)

    8,718,506  
    8,575,000    

1.92%, 10/24/2031, (1.92% fixed rate until 10/24/2030; 3 mo. USD SOFR + 1.370% thereafter)(7)

    8,503,969  
    8,185,000    

2.46%, 10/22/2025, (2.46% fixed rate until 10/22/2024; 3 mo. USD LIBOR + 0.870% thereafter)(7)

    8,644,601  
    40,135,000    

2.50%, 02/13/2031, (2.50% fixed rate until 02/13/2030; 3 mo. USD LIBOR + 0.990% thereafter)(7)

    41,539,825  
    8,800,000    

2.68%, 06/19/2041, (2.68% fixed rate until 06/19/2040; 3 mo. USD SOFR + 1.930% thereafter)(7)

    8,884,831  
    2,575,000    

2.83%, 10/24/2051, (2.83% fixed rate until 10/24/2050; 3 mo. USD SOFR + 1.880% thereafter)(7)

    2,559,834  
    1,600,000    

2.88%, 10/22/2030, (2.88% fixed rate until 10/22/2029; 3 mo. USD LIBOR + 1.190% thereafter)(7)

    1,719,726  
    3,733,000    

3.00%, 12/20/2023, (3.00% fixed rate until 12/20/2022; 3 mo. USD LIBOR + 0.790% thereafter)(7)

    3,913,412  
    15,270,000    

3.09%, 10/01/2025, (3.09% fixed rate until 10/01/2024; 3 mo. USD LIBOR + 1.090% thereafter)(7)

    16,451,220  
    7,500,000    

3.12%, 01/20/2023, (3.12% fixed rate until 01/20/2022; 3 mo. USD LIBOR + 1.160% thereafter)(7)

    7,726,493  
    6,550,000    

3.82%, 01/20/2028, (3.82% fixed rate until 01/20/2027; 3 mo. USD LIBOR + 1.575% thereafter)(7)

    7,398,093  
    5,015,000    

3.86%, 07/23/2024, (3.86% fixed rate until 07/23/2023; 3 mo. USD LIBOR + 0.940% thereafter)(7)

    5,432,712  
    15,235,000    

4.08%, 03/20/2051, (4.08% fixed rate until 03/20/2050; 3 mo. USD LIBOR + 3.150% thereafter)(7)

    18,583,162  
    4,260,000    

4.10%, 07/24/2023

    4,659,425  
 

 

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

 

 

  33  

 


The Hartford Balanced Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 46.5% - (continued)  
      Commercial Banks - 6.7% - (continued)  
$     3,225,000    

4.24%, 04/24/2038, (4.24% fixed rate until 04/24/2037; 3 mo. USD LIBOR + 1.814% thereafter)(7)

  $ 3,896,828  
    13,375,000    

4.33%, 03/15/2050, (4.33% fixed rate until 03/15/2049; 3 mo. USD LIBOR + 1.520% thereafter)(7)

    16,911,380  
    1,760,000    

5.00%, 01/21/2044

    2,402,084  
    9,525,000    

7.75%, 05/14/2038

    15,637,276  
    20,555,000    

BNP Paribas S.A. 1.90%, 09/30/2028, (1.90% fixed rate until 09/30/2027; 3 mo. USD SOFR + 1.609% thereafter)(5)(7)

    20,464,583  
   

Citigroup, Inc.

 
    3,930,000    

2.67%, 01/29/2031, (2.67% fixed rate until 01/29/2030; 3 mo. USD SOFR + 1.146% thereafter)(7)

    4,123,409  
    6,940,000    

2.98%, 11/05/2030, (2.98% fixed rate until 11/05/2029; 3 mo. USD SOFR + 1.422% thereafter)(7)

    7,461,390  
    3,770,000    

3.20%, 10/21/2026

    4,146,247  
    24,410,000    

3.35%, 04/24/2025, (3.35% fixed rate until 04/24/2024; 3 mo. USD LIBOR + 0.897% thereafter)(7)

    26,367,679  
    2,000,000    

3.88%, 01/24/2039, (3.88% fixed rate until 01/24/2038; 3 mo. USD LIBOR + 1.168% thereafter)(7)

    2,300,649  
    18,095,000    

3.98%, 03/20/2030, (3.98% fixed rate until 03/20/2029; 3 mo. USD LIBOR + 1.338% thereafter)(7)

    20,757,241  
    7,325,000    

4.30%, 11/20/2026

    8,383,096  
    5,180,000    

4.45%, 09/29/2027

    5,976,600  
    2,350,000    

4.60%, 03/09/2026

    2,709,268  
    7,931,000    

Credit Agricole S.A. 1.91%, 06/16/2026, (1.91% fixed rate until 06/16/2025; 3 mo. USD SOFR + 1.676% thereafter)(5)(7)

    8,124,255  
   

Credit Suisse Group AG

 
    9,580,000    

3.00%, 12/14/2023, (3.00% fixed rate until 12/14/2022; 3 mo. USD LIBOR + 1.200% thereafter)(5)(7)

    9,983,291  
    9,725,000    

4.21%, 06/12/2024, (4.21% fixed rate until 06/12/2023; 3 mo. USD LIBOR + 1.240% thereafter)(5)(7)

    10,511,461  
    3,855,000    

6.25%, 12/18/2024, (6.25% fixed rate until 12/18/2024; 5 year USD Swap + 3.455% thereafter)(6)(7)(8)

    4,105,575  
    10,410,000    

Credit Suisse Group Funding Guernsey Ltd. 3.80%, 09/15/2022

    11,007,608  
   

Discover Bank

 
    1,470,000    

3.35%, 02/06/2023

    1,554,262  
    5,855,000    

4.20%, 08/08/2023

    6,416,577  
    19,000,000    

Fifth Third Bank NA 3.95%, 07/28/2025

    21,801,434  
   

Goldman Sachs Group, Inc.

 
    14,115,000    

2.91%, 07/24/2023, (2.91% fixed rate until 07/24/2022; 3 mo. USD LIBOR + 0.990% thereafter)(7)

    14,659,021  
    28,540,000    

3.27%, 09/29/2025, (3.27% fixed rate until 09/29/2024; 3 mo. USD LIBOR + 1.201% thereafter)(7)

    30,983,978  
    6,345,000    

3.50%, 01/23/2025

    6,935,949  
    4,345,000    

4.00%, 03/03/2024

    4,787,503  
    23,347,000    

4.02%, 10/31/2038, (4.02% fixed rate until 10/31/2037; 3 mo. USD LIBOR + 1.373% thereafter)(7)

    27,276,714  
    6,355,000    

4.80%, 07/08/2044

    8,340,858  
    1,835,000    

5.15%, 05/22/2045

    2,442,065  
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 46.5% - (continued)  
      Commercial Banks - 6.7% - (continued)  
$     2,015,000    

Grupo Aval Ltd. 4.75%, 09/26/2022(6)

  $ 2,095,801  
   

HSBC Holdings plc

 
    4,695,000    

3.26%, 03/13/2023, (3.26% fixed rate until 03/13/2022; 3 mo. USD LIBOR + 1.055% thereafter)(7)

    4,853,347  
    13,270,000    

3.60%, 05/25/2023

    14,257,553  
    4,780,000    

3.97%, 05/22/2030, (3.97% fixed rate until 05/22/2029; 3 mo. USD LIBOR + 1.610% thereafter)(7)

    5,361,075  
    7,245,000    

4.25%, 03/14/2024

    7,853,605  
    6,755,000    

4.30%, 03/08/2026

    7,684,936  
    4,440,000    

6.80%, 06/01/2038

    6,258,914  
    1,205,000    

Industrial & Commercial Bank of China Ltd. 4.88%, 09/21/2025(6)

    1,355,527  
    2,985,000    

Itau Unibanco Holding S.A. 2.90%, 01/24/2023(5)

    3,007,417  
   

JP Morgan Chase & Co.

 
    15,385,000    

2.30%, 10/15/2025, (2.30% fixed rate until 10/15/2024; 3 mo. USD SOFR + 1.160% thereafter)(7)

    16,177,496  
    11,585,000    

2.74%, 10/15/2030, (2.74% fixed rate until 10/15/2029; 3 mo. USD SOFR + 1.510% thereafter)(7)

    12,395,191  
    2,725,000    

2.96%, 05/13/2031, (2.96% fixed rate until 05/13/2030; 3 mo. USD SOFR + 2.515% thereafter)(7)

    2,901,983  
    22,475,000    

2.97%, 01/15/2023

    23,173,440  
    6,860,000    

3.11%, 04/22/2041, (3.11% fixed rate until 04/22/2040; 3 mo. USD SOFR + 2.460% thereafter)(7)

    7,344,900  
    9,440,000    

3.22%, 03/01/2025, (3.22% fixed rate until 03/01/2024; 3 mo. USD LIBOR + 1.155% thereafter)(7)

    10,162,388  
    19,950,000    

3.30%, 04/01/2026

    22,204,126  
    6,290,000    

3.88%, 07/24/2038, (3.88% fixed rate until 07/24/2037; 3 mo. USD LIBOR + 1.360% thereafter)(7)

    7,391,088  
    15,520,000    

3.96%, 11/15/2048, (3.96% fixed rate until 11/15/2047; 3 mo. USD LIBOR + 1.380% thereafter)(7)

    18,780,168  
    2,251,000    

4.02%, 12/05/2024, (4.02% fixed rate until 12/05/2023; 3 mo. USD LIBOR + 1.000% thereafter)(7)

    2,479,372  
    4,055,000    

4.26%, 02/22/2048, (4.26% fixed rate until 02/22/2047; 3 mo. USD LIBOR + 1.580% thereafter)(7)

    5,115,908  
    6,000,000    

4.49%, 03/24/2031, (4.49% fixed rate until 03/24/2030; 3 mo. USD SOFR + 3.790% thereafter)(7)

    7,257,871  
    810,000    

Kookmin Bank 2.50%, 11/04/2030(5)

    810,146  
   

Morgan Stanley

 

    11,420,000    

0.79%, 01/20/2023, 3 mo. USD SOFR + 0.700%(4)

    11,451,839  
    7,795,000    

2.72%, 07/22/2025, (2.72% fixed rate until 07/22/2024; 3 mo. USD SOFR + 1.152% thereafter)(7)

    8,301,241  
    8,665,000    

3.13%, 07/27/2026

    9,560,718  
    5,000,000    

3.62%, 04/01/2031, (3.62% fixed rate until 04/01/2030; 3 mo. USD SOFR + 3.120% thereafter)(7)

    5,723,065  
    2,935,000    

3.70%, 10/23/2024

    3,261,647  
    6,880,000    

3.74%, 04/24/2024, (3.74% fixed rate until 04/24/2023; 3 mo. USD LIBOR + 0.847% thereafter)(7)

    7,399,330  
    9,690,000    

4.00%, 07/23/2025

    11,012,333  
 

 

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

 

 

  34  

 


The Hartford Balanced Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 46.5% - (continued)  
      Commercial Banks - 6.7% - (continued)  
$     16,825,000    

4.46%, 04/22/2039, (4.46% fixed rate until 04/22/2038; 3 mo. USD LIBOR + 1.431% thereafter)(7)

  $ 21,105,466  
    3,600,000    

PNC Bank NA 2.70%, 10/22/2029

    3,859,570  
   

PNC Financial Services Group, Inc.

 

    16,530,000    

3.45%, 04/23/2029

    18,907,353  
    9,310,000    

3.90%, 04/29/2024

    10,258,797  
   

Santander Holdings USA, Inc.

 

    6,970,000    

3.40%, 01/18/2023

    7,317,716  
    6,145,000    

3.70%, 03/28/2022

    6,368,564  
    8,700,000    

Santander UK Group Holdings plc 3.57%, 01/10/2023

    8,970,337  
    7,445,000    

State Street Corp. 3.78%, 12/03/2024, (3.78% fixed rate until 12/03/2023; 3 mo. USD LIBOR + 0.770% thereafter)(7)

    8,125,844  
    3,180,000    

Truist Bank 2.25%, 03/11/2030

    3,270,347  
    15,195,000    

Truist Financial Corp. 2.50%, 08/01/2024

    16,191,415  
    13,325,000    

U.S. Bancorp 2.40%, 07/30/2024

    14,146,759  
    2,655,000    

Wachovia Corp. 5.50%, 08/01/2035

    3,441,424  
   

Wells Fargo & Co.

 

    19,030,000    

2.41%, 10/30/2025, (2.41% fixed rate until 10/30/2024; 3 mo. USD LIBOR + 0.825% thereafter)(7)

    20,073,161  
    5,665,000    

2.57%, 02/11/2031, (2.57% fixed rate until 02/11/2030; 3 mo. USD LIBOR + 1.000% thereafter)(7)

    5,896,990  
    8,055,000    

3.07%, 01/24/2023

    8,298,477  
    9,965,000    

3.45%, 02/13/2023

    10,573,537  
    11,840,000    

3.75%, 01/24/2024

    12,853,086  
    880,000    

4.40%, 06/14/2046

    1,035,908  
    3,690,000    

4.65%, 11/04/2044

    4,473,336  
    2,655,000    

4.75%, 12/07/2046

    3,267,218  
    3,026,000    

4.90%, 11/17/2045

    3,806,908  
    1,475,000    

5.38%, 11/02/2043

    1,942,118  
    4,408,000    

5.61%, 01/15/2044

    5,928,318  
     

 

 

 
        908,243,863  
     

 

 

 
          Commercial Services - 0.6%  
    711,839    

Aeropuerto Internacional de Tocumen S.A. 6.00%, 11/18/2048(5)

    792,925  
   

APX Group, Inc.

 

    4,340,000    

7.63%, 09/01/2023(3)

    4,374,177  
    1,523,000    

7.88%, 12/01/2022

    1,517,829  
    2,620,000    

Ashtead Capital, Inc. 4.00%, 05/01/2028(5)

    2,731,350  
    190,000    

Cardtronics, Inc. / Cardtronics USA, Inc. 5.50%, 05/01/2025(5)

    191,663  
    4,495,000    

Duke University 2.83%, 10/01/2055

    4,622,388  
   

Equifax, Inc.

 

    19,085,000    

2.60%, 12/01/2024

    20,308,368  
    1,305,000    

3.10%, 05/15/2030

    1,410,353  
   

Global Payments, Inc.

 

    7,750,000    

2.65%, 02/15/2025

    8,200,213  
    8,085,000    

2.90%, 05/15/2030

    8,595,492  
    255,000    

4.15%, 08/15/2049

    295,485  
    7,075,000    

4.45%, 06/01/2028

    8,209,174  
    2,570,000    

Herc Holdings, Inc. 5.50%, 07/15/2027(5)

    2,640,996  
   

IHS Markit Ltd.

 

    11,565,000    

4.13%, 08/01/2023

    12,568,379  
    425,000    

4.75%, 02/15/2025(5)

    479,188  
    380,000    

Jaguar Holding Co. 5.00%, 06/15/2028(5)

    396,078  
   

Service Corp. International

 

    775,000    

4.63%, 12/15/2027

    820,051  
    550,000    

5.13%, 06/01/2029

    601,056  
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 46.5% - (continued)  
          Commercial Services - 0.6% - (continued)  
$     2,035,000    

United Rentals North America, Inc. 5.88%, 09/15/2026

  $ 2,141,583  
     

 

 

 
        80,896,748  
     

 

 

 
          Construction Materials - 0.4%  
    2,880,000    

Builders FirstSource, Inc. 5.00%, 03/01/2030(5)

    3,038,400  
   

Carrier Global Corp.

 

    23,585,000    

2.49%, 02/15/2027(5)

    24,778,602  
    3,325,000    

2.70%, 02/15/2031(5)

    3,485,978  
    9,005,000    

2.72%, 02/15/2030(5)

    9,398,679  
   

Johnson Controls International plc

 

    985,000    

4.50%, 02/15/2047

    1,212,070  
    2,971,000    

4.63%, 07/02/2044

    3,641,793  
    2,869,000    

4.95%, 07/02/2064(9)

    3,659,607  
    4,285,000    

Lennox International, Inc. 1.70%, 08/01/2027

    4,283,691  
    1,280,000    

Norbord, Inc. 5.75%, 07/15/2027(5)

    1,344,000  
     

 

 

 
        54,842,820  
     

 

 

 
          Distribution/Wholesale - 0.0%  
    1,145,000    

American Builders & Contractors Supply Co., Inc. 4.00%, 01/15/2028(5)

    1,162,175  
    2,750,000    

Core & Main Holdings L.P. (8.63% Cash, 9.38% PIK) 8.63%, 09/15/2024(5)(10)

    2,770,625  
    875,000    

Performance Food Group, Inc. 5.50%, 10/15/2027(5)

    896,875  
     

 

 

 
        4,829,675  
     

 

 

 
          Diversified Financial Services - 1.0%  
    10,955,000    

BlackRock, Inc. 1.90%, 01/28/2031

    11,260,774  
   

Capital One Financial Corp.

 

    27,550,000    

3.65%, 05/11/2027

    30,529,197  
    2,675,000    

3.80%, 01/31/2028

    3,008,929  
   

Credit Acceptance Corp.

 

    1,585,000    

5.13%, 12/31/2024(5)

    1,573,112  
    1,325,000    

6.63%, 03/15/2026

    1,374,688  
    390,000    

CSN Islands Corp. 6.75%, 01/28/2028(5)

    383,565  
    1,700,000    

Fly Leasing Ltd. 5.25%, 10/15/2024

    1,421,838  
    12,240,000    

GE Capital Funding LLC 4.40%, 05/15/2030(5)

    13,378,871  
    10,404,000    

GE Capital International Funding Co. 4.42%, 11/15/2035

    11,250,186  
    3,470,000    

Genworth Mortgage Holdings, Inc. 6.50%, 08/15/2025(5)

    3,617,475  
    3,675,000    

goeasy Ltd. 5.38%, 12/01/2024(5)

    3,711,750  
   

Intercontinental Exchange, Inc.

 

    15,660,000    

1.85%, 09/15/2032

    15,532,974  
    3,470,000    

2.65%, 09/15/2040

    3,477,892  
    3,040,000    

LD Holdings Group LLC 6.50%, 11/01/2025(5)

    3,085,600  
    2,055,000    

Minejesa Capital B.V. 5.63%, 08/10/2037(6)

    2,126,925  
   

Nasdaq, Inc.

 

    1,805,000    

3.85%, 06/30/2026

    2,071,007  
    16,765,000    

4.25%, 06/01/2024

    18,660,063  
   

Navient Corp.

 

    500,000    

5.00%, 03/15/2027

    466,920  
    1,666,000    

6.50%, 06/15/2022

    1,699,320  
    1,815,000    

PennyMac Financial Services, Inc. 5.38%, 10/15/2025(5)

    1,850,755  
    975,000    

Power Finance Corp. Ltd. 3.95%, 04/23/2030(6)

    954,195  
   

Springleaf Finance Corp.

 

    5,045,000    

5.38%, 11/15/2029

    5,183,938  
    575,000    

6.13%, 03/15/2024

    604,442  
    445,000    

6.88%, 03/15/2025

    489,500  
    490,000    

7.13%, 03/15/2026

    543,341  
 

 

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

 

 

  35  

 


The Hartford Balanced Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 46.5% - (continued)  
          Diversified Financial Services - 1.0% - (continued)  
$     3,205,000    

Tempo Acquisition LLC / Tempo Acquisition Finance Corp. 6.75%, 06/01/2025(5)

  $ 3,252,274  
     

 

 

 
        141,509,531  
     

 

 

 
          Electric - 3.5%  
    11,685,000    

AES Corp. 3.30%, 07/15/2025(5)

    12,684,301  
    9,630,000    

Appalachian Power Co. 4.50%, 03/01/2049

    12,094,291  
   

Berkshire Hathaway Energy Co.

 

    16,100,000    

1.65%, 05/15/2031(5)

    15,928,385  
    7,650,000    

2.85%, 05/15/2051(5)

    7,523,349  
    5,710,000    

3.25%, 04/15/2028

    6,415,015  
    465,000    

Calpine Corp. 4.50%, 02/15/2028(5)

    473,137  
   

Centrais Eletricas Brasileiras S.A.

 

    460,000    

3.63%, 02/04/2025(5)

    459,775  
    595,000    

4.63%, 02/04/2030(5)

    602,437  
    1,140,000    

4.63%, 02/04/2030(6)

    1,154,250  
    1,155,000    

5.75%, 10/27/2021(6)

    1,195,425  
    1,235,000    

Clearway Energy Operating LLC 4.75%, 03/15/2028(5)

    1,298,294  
   

Cleco Corporate Holdings LLC

 

    5,340,000    

3.38%, 09/15/2029

    5,399,662  
    6,326,000    

3.74%, 05/01/2026

    6,683,586  
    763,000    

4.97%, 05/01/2046

    849,325  
    1,120,000    

Commonwealth Edison Co. 4.35%, 11/15/2045

    1,407,906  
   

Consolidated Edison Co. of New York, Inc.

 

    1,680,000    

3.35%, 04/01/2030

    1,928,031  
    5,050,000    

4.50%, 05/15/2058

    6,517,459  
    6,500,000    

Consumers Energy Co. 3.95%, 07/15/2047

    7,955,476  
    1,930,000    

Dominion Energy South Carolina, Inc. 5.30%, 05/15/2033

    2,567,623  
   

Dominion Energy, Inc.

 

    11,710,000    

3.90%, 10/01/2025

    13,263,595  
    8,512,000    

4.25%, 06/01/2028

    10,011,472  
    3,390,000    

7.00%, 06/15/2038

    5,041,697  
    450,000    

DPL, Inc. 4.13%, 07/01/2025(5)

    470,250  
   

Duke Energy Carolinas LLC

 

    12,985,000    

3.20%, 08/15/2049

    14,210,552  
    3,270,000    

3.75%, 06/01/2045

    3,835,763  
    3,305,000    

3.88%, 03/15/2046

    3,924,528  
    3,000,000    

5.30%, 02/15/2040

    4,170,840  
   

Duke Energy Progress LLC

 

    2,060,000    

4.10%, 05/15/2042

    2,510,771  
    1,940,000    

4.15%, 12/01/2044

    2,384,435  
    6,845,000    

4.20%, 08/15/2045

    8,399,379  
    2,730,000    

4.38%, 03/30/2044

    3,426,379  
    3,755,000    

Duquesne Light Holdings, Inc. 2.53%, 10/01/2030(5)

    3,743,531  
    5,285,000    

Edison International 3.13%, 11/15/2022

    5,452,367  
    1,755,000    

Emera U.S. Finance L.P. 4.75%, 06/15/2046

    2,122,100  
    430,000    

Emera, Inc. 6.75%, 06/15/2076, (6.75% fixed rate until 06/15/2026; 3 mo. USD LIBOR + 5.440% thereafter)(7)

    476,225  
    560,000    

Engie Energia Chile S.A. 4.50%, 01/29/2025(6)

    616,241  
    1,930,000    

Entergy Corp. 2.95%, 09/01/2026

    2,133,639  
    1,510,000    

Evergy Metro, Inc. 2.25%, 06/01/2030

    1,592,508  
   

Evergy, Inc.

 

    5,000,000    

2.45%, 09/15/2024

    5,299,023  
    14,501,000    

2.90%, 09/15/2029

    15,430,553  
   

Eversource Energy

 

    2,775,000    

2.80%, 05/01/2023

    2,910,658  
    9,905,000    

3.80%, 12/01/2023

    10,844,014  
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 46.5% - (continued)  
          Electric - 3.5% - (continued)  
   

Exelon Corp.

 

$     2,245,000    

4.05%, 04/15/2030

  $ 2,598,703  
    817,000    

4.70%, 04/15/2050

    1,042,332  
   

FirstEnergy Corp.

 

    500,000    

3.40%, 03/01/2050

    459,545  
    430,000    

3.90%, 07/15/2027

    459,258  
    6,525,000    

7.38%, 11/15/2031

    8,753,902  
   

FirstEnergy Transmission LLC

 

    7,260,000    

4.35%, 01/15/2025(5)

    7,925,846  
    2,790,000    

5.45%, 07/15/2044(5)

    3,429,329  
    4,372,000    

Fortis, Inc. 3.06%, 10/04/2026

    4,773,709  
    605,000    

Genneia S.A. 8.75%, 01/20/2022(6)

    461,866  
   

Georgia Power Co.

 

    7,610,000    

2.65%, 09/15/2029

    8,215,592  
    1,955,000    

3.70%, 01/30/2050

    2,181,181  
    835,000    

Instituto Costarricense de Electricidad 6.95%, 11/10/2021(6)

    818,308  
    7,155,000    

IPALCO Enterprises, Inc. 3.70%, 09/01/2024

    7,773,597  
   

Israel Electric Corp. Ltd.

 

    5,685,000    

4.25%, 08/14/2028(5)(6)

    6,509,325  
    1,195,000    

5.00%, 11/12/2024(5)(6)

    1,350,350  
    6,355,000    

ITC Holdings Corp. 3.25%, 06/30/2026

    7,058,038  
    995,000    

Lamar Funding Ltd. 3.96%, 05/07/2025(6)

    908,443  
    4,308,000    

Metropolitan Edison Co. 4.30%, 01/15/2029(5)

    4,889,028  
    6,590,000    

Mid-Atlantic Interstate Transmission LLC 4.10%, 05/15/2028(5)

    7,265,950  
    2,598,000    

MidAmerican Energy Co. 4.40%, 10/15/2044

    3,273,825  
    1,585,000    

Minejesa Capital B.V. 4.63%, 08/10/2030(6)

    1,628,397  
   

Mong Duong Finance Holdings B.V.

 

    765,000    

5.13%, 05/07/2029(5)

    778,836  
    960,000    

5.13%, 05/07/2029(6)

    977,363  
    5,470,000    

NextEra Energy Capital Holdings, Inc. 2.25%, 06/01/2030

    5,667,187  
    450,000    

NextEra Energy Operating Partners L.P. 4.25%, 07/15/2024(5)

    470,250  
    2,690,000    

Northern States Power Co. 3.60%, 09/15/2047

    3,188,038  
    445,000    

NRG Energy, Inc. 3.75%, 06/15/2024(5)

    477,658  
   

Pacific Gas and Electric Co.

 

    490,000    

2.10%, 08/01/2027

    473,082  
    8,720,000    

2.50%, 02/01/2031

    8,244,414  
    2,635,000    

3.50%, 08/01/2050

    2,381,481  
    2,395,000    

4.50%, 07/01/2040(3)

    2,443,603  
   

PacifiCorp.

 

    3,500,000    

4.10%, 02/01/2042

    4,187,555  
    9,280,000    

4.15%, 02/15/2050

    11,396,945  
    560,000    

Pampa Energia S.A. 7.38%, 07/21/2023(6)

    464,789  
    9,625,000    

PECO Energy Co. 3.90%, 03/01/2048

    11,826,275  
    7,975,000    

Pennsylvania Electric Co. 3.25%, 03/15/2028(5)

    8,411,497  
   

Perusahaan Listrik Negara PT

 

    605,000    

3.88%, 07/17/2029(6)

    645,837  
    2,495,000    

4.38%, 02/05/2050(6)

    2,576,087  
    3,180,000    

6.15%, 05/21/2048(6)

    4,046,550  
    925,000    

Perusahaan Perseroan Persero PT Perusahaan Listrik Negara 4.00%, 06/30/2050(6)

    915,448  
    2,700,000    

Potomac Electric Power Co. 4.15%, 03/15/2043

    3,222,936  
    332,000    

Public Service Co. of Colorado 3.80%, 06/15/2047

    396,134  
 

 

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

 

 

  36  

 


The Hartford Balanced Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 46.5% - (continued)  
          Electric - 3.5% - (continued)  
   

Public Service Enterprise Group, Inc.

 

$     8,830,000    

1.60%, 08/15/2030

  $ 8,589,754  
    8,830,000    

2.88%, 06/15/2024

    9,490,907  
    12,894,000    

Puget Energy, Inc. 4.10%, 06/15/2030(5)

    14,411,134  
    2,155,000    

San Diego Gas & Electric Co. 3.32%, 04/15/2050

    2,301,727  
    3,480,000    

Sempra Energy 4.00%, 02/01/2048

    3,929,113  
    9,647,000    

Sierra Pacific Power Co. 2.60%, 05/01/2026

    10,455,076  
   

Southern California Edison Co.

 

    4,695,000    

2.85%, 08/01/2029

    4,930,119  
    4,565,000    

3.65%, 02/01/2050

    4,766,271  
    4,585,000    

4.00%, 04/01/2047

    4,945,527  
    580,000    

4.65%, 10/01/2043

    666,317  
    595,000    

5.63%, 02/01/2036

    723,412  
    1,775,000    

5.95%, 02/01/2038

    2,279,763  
    67,000    

6.00%, 01/15/2034

    89,732  
   

Southern Co.

 

    6,415,000    

2.95%, 07/01/2023

    6,793,463  
    3,000,000    

3.25%, 07/01/2026

    3,343,861  
    17,255,000    

3.70%, 04/30/2030

    19,583,292  
    5,345,000    

4.40%, 07/01/2046

    6,394,477  
    780,000    

Star Energy Geothermal Darajat / Star Energy Geothermal Salak 4.85%, 10/14/2038(5)

    799,296  
    544,200    

Star Energy Geothermal Wayang Windu Ltd. 6.75%, 04/24/2033(5)

    599,565  
    775,000    

Termocandelaria Power Ltd. 7.88%, 01/30/2029(5)

    841,650  
    495,000    

Vena Energy Capital Pte Ltd. 3.13%, 02/26/2025(6)

    490,372  
    450,000    

Vistra Operations Co. LLC 3.55%, 07/15/2024(5)

    479,501  
     

 

 

 
        477,281,065  
     

 

 

 
          Electronics - 0.2%  
    20,386,000    

Fortive Corp. 3.15%, 06/15/2026

    22,403,725  
    8,555,000    

Honeywell International, Inc. 1.95%, 06/01/2030

    8,916,862  
     

 

 

 
        31,320,587  
     

 

 

 
          Energy-Alternate Sources - 0.0%  
    800,000    

Azure Power Energy Ltd. 5.50%, 11/03/2022(6)

    817,968  
    805,000    

Greenko Dutch B.V. 5.25%, 07/24/2024(6)

    825,914  
     

 

 

 
        1,643,882  
     

 

 

 
          Engineering & Construction - 0.0%  
    199,116    

Aeropuerto Internacional de Tocumen S.A. 6.00%, 11/18/2048(6)

    221,797  
    460,311    

Aeropuertos Argentina S.A. (6.88% Cash, 9.38% PIK) 9.38%, 02/01/2027(5)(10)

    289,996  
    2,826,927    

Bioceanico Sovereign Certificate Ltd. 0.00%, 06/05/2034(5)(11)

    2,063,657  
    3,255,000    

Mexico City Airport Trust 4.25%, 10/31/2026(3)(6)

    3,059,374  
     

 

 

 
        5,634,824  
     

 

 

 
          Entertainment - 0.2%  
   

Caesars Entertainment, Inc.

 

    2,345,000    

6.25%, 07/01/2025(5)

    2,402,143  
    1,685,000    

8.13%, 07/01/2027(5)

    1,758,626  
   

Caesars Resort Collection LLC / CRC Finco, Inc.

 
    3,270,000    

5.25%, 10/15/2025(5)

    3,105,519  
    775,000    

5.75%, 07/01/2025(5)

    794,863  
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 46.5% - (continued)  
          Entertainment - 0.2% - (continued)  
   

GLP Capital L.P. / GLP Financing II, Inc.

 
$     4,750,000    

5.30%, 01/15/2029

  $ 5,303,565  
    440,000    

5.38%, 11/01/2023

    470,866  
    500,000    

International Game Technology plc 5.25%, 01/15/2029(5)

    495,000  
    4,110,000    

Jacobs Entertainment, Inc. 7.88%, 02/01/2024(5)

    4,027,800  
    4,625,000    

Penn National Gaming, Inc. 5.63%, 01/15/2027(5)

    4,729,988  
    7,770,000    

Wynn Resorts Finance LLC / Wynn Resorts Capital Corp. 5.13%, 10/01/2029(5)

    7,439,775  
     

 

 

 
        30,528,145  
     

 

 

 
          Environmental Control - 0.2%  
    2,042,000    

Clean Harbors, Inc. 4.88%, 07/15/2027(5)

    2,133,890  
    19,005,000    

Republic Services, Inc. 2.50%, 08/15/2024

    20,189,800  
    1,535,000    

Stericycle, Inc. 5.38%, 07/15/2024(5)

    1,596,001  
    3,910,000    

Tervita Corp. 7.63%, 12/01/2021(5)

    3,753,600  
     

 

 

 
        27,673,291  
     

 

 

 
          Food - 1.2%  
    2,900,000    

B&G Foods, Inc. 5.25%, 09/15/2027

    3,001,500  
   

BRF S.A.

 

    1,030,000    

4.88%, 01/24/2030(5)

    1,031,566  
    935,000    

4.88%, 01/24/2030(6)

    936,421  
   

Conagra Brands, Inc.

 

    7,570,000    

1.38%, 11/01/2027

    7,506,686  
    550,000    

4.30%, 05/01/2024

    612,300  
    20,425,000    

4.60%, 11/01/2025

    23,740,014  
    8,410,000    

5.30%, 11/01/2038

    10,866,002  
    1,545,000    

5.40%, 11/01/2048

    2,113,615  
    6,705,000    

Danone S.A. 2.59%, 11/02/2023(5)

    7,060,519  
   

General Mills, Inc.

 

    5,025,000    

2.88%, 04/15/2030

    5,445,348  
    7,710,000    

4.20%, 04/17/2028

    9,045,026  
    4,720,000    

Hershey Co. 3.13%, 11/15/2049

    5,182,333  
    14,840,000    

JM Smucker Co. 2.38%, 03/15/2030

    15,334,015  
   

Kraft Heinz Foods Co.

 

    4,115,000    

3.75%, 04/01/2030(5)

    4,323,630  
    405,000    

3.88%, 05/15/2027(5)

    428,432  
    3,500,000    

4.63%, 10/01/2039(5)

    3,753,097  
    1,870,000    

5.00%, 07/15/2035

    2,155,256  
   

Minerva Luxembourg S.A.

 

    880,000    

5.88%, 01/19/2028(6)

    914,109  
    265,000    

6.50%, 09/20/2026(5)

    275,603  
    205,000    

6.50%, 09/20/2026(6)

    213,202  
    5,020,000    

Mondelez International Holdings Netherlands B.V. 2.13%, 09/19/2022(5)

    5,172,068  
   

Mondelez International, Inc.

 

    2,155,000    

1.50%, 02/04/2031

    2,093,366  
    1,320,000    

2.75%, 04/13/2030

    1,422,786  
   

Nestle Holdings, Inc.

 

    12,065,000    

3.35%, 09/24/2023(5)

    13,033,597  
    5,000,000    

4.00%, 09/24/2048(5)

    6,432,288  
   

Post Holdings, Inc.

 

    770,000    

4.63%, 04/15/2030(5)

    791,175  
    3,010,000    

5.00%, 08/15/2026(5)

    3,121,370  
    2,495,000    

5.63%, 01/15/2028(5)

    2,632,225  
    2,865,000    

5.75%, 03/01/2027(5)

    3,001,689  
   

TreeHouse Foods, Inc.

 

    1,670,000    

4.00%, 09/01/2028

    1,672,088  
    605,000    

6.00%, 02/15/2024(5)

    616,344  
   

Tyson Foods, Inc.

 

    9,005,000    

4.00%, 03/01/2026

    10,339,311  
 

 

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

 

 

  37  

 


The Hartford Balanced Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 46.5% - (continued)  
          Food - 1.2% - (continued)  
$     4,420,000    

5.10%, 09/28/2048

  $ 5,982,447  
     

 

 

 
        160,249,428  
     

 

 

 
          Food Service - 0.0%  
    465,000    

Arcos Dorados Holdings, Inc.
5.88%, 04/04/2027(5)

    478,369  
     

 

 

 
          Forest Products & Paper - 0.0%  
   

Celulosa Arauco y Constitucion S.A.

 
    335,000    

4.20%, 01/29/2030(5)

    356,775  
    870,000    

4.50%, 08/01/2024

    946,134  
    350,000    

5.15%, 01/29/2050(5)

    377,433  
    505,000    

5.50%, 04/30/2049(5)

    568,756  
    645,000    

Inversiones CMPC S.A. 3.85%, 01/13/2030(5)

    703,953  
     

 

 

 
        2,953,051  
     

 

 

 
          Gas - 0.7%  
   

AmeriGas Partners L.P. / AmeriGas Finance Corp.

 
    1,132,000    

5.50%, 05/20/2025

    1,211,240  
    830,000    

5.75%, 05/20/2027

    909,489  
    2,738,000    

5.88%, 08/20/2026

    2,999,123  
    11,000,000    

Brooklyn Union Gas Co. 3.87%, 03/04/2029(5)

    12,635,153  
    12,180,000    

Dominion Energy Gas Holdings LLC 3.00%, 11/15/2029

    13,247,402  
   

NiSource, Inc.

 

    9,340,000    

0.95%, 08/15/2025

    9,310,273  
    20,515,000    

1.70%, 02/15/2031

    20,016,038  
    2,260,000    

3.49%, 05/15/2027

    2,500,351  
   

Sempra Energy

 

    3,938,000    

3.40%, 02/01/2028

    4,288,994  
    5,300,000    

3.80%, 02/01/2038

    5,910,772  
    18,260,000    

Southern Co. Gas Capital Corp. 1.75%, 01/15/2031

    18,064,362  
     

 

 

 
        91,093,197  
     

 

 

 
          Healthcare-Products - 0.7%  
    6,550,000    

Abbott Laboratories 4.75%, 11/30/2036

    8,729,598  
   

Alcon Finance Corp.

 

    4,300,000    

2.60%, 05/27/2030(5)

    4,500,221  
    2,670,000    

3.00%, 09/23/2029(5)

    2,876,798  
    2,785,000    

3.80%, 09/23/2049(5)

    3,149,783  
    3,090,000    

Avantor Funding, Inc. 4.63%, 07/15/2028(5)

    3,201,858  
    2,820,000    

Avantor, Inc. 6.00%, 10/01/2024(5)

    2,946,618  
   

Baxter International, Inc.

 

    1,655,000    

3.50%, 08/15/2046

    1,843,872  
    7,255,000    

3.95%, 04/01/2030(5)

    8,594,885  
    16,390,000    

Becton Dickinson and Co. 3.36%, 06/06/2024

    17,668,245  
    5,725,000    

Boston Scientific Corp. 4.55%, 03/01/2039

    7,102,228  
    1,640,000    

Hill-Rom Holdings, Inc. 4.38%, 09/15/2027(5)

    1,695,350  
    4,845,000    

Thermo Fisher Scientific, Inc. 2.60%, 10/01/2029

    5,265,186  
   

Zimmer Biomet Holdings, Inc.

 

    9,930,000    

3.05%, 01/15/2026

    10,803,302  
    9,350,000    

3.55%, 03/20/2030

    10,365,702  
     

 

 

 
        88,743,646  
     

 

 

 
          Healthcare-Services - 1.3%  
    715,000    

Acadia Healthcare Co., Inc. 5.00%, 04/15/2029(5)

    736,664  
    10,065,000    

Aetna, Inc. 2.80%, 06/15/2023

    10,571,496  
   

Anthem, Inc.

 

    3,145,000    

2.38%, 01/15/2025

    3,335,930  
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 46.5% - (continued)  
          Healthcare-Services - 1.3% - (continued)  
$     3,235,000    

3.30%, 01/15/2023

  $ 3,424,820  
    3,175,000    

3.50%, 08/15/2024

    3,467,294  
    14,000,000    

3.65%, 12/01/2027

    15,828,642  
    3,315,000    

4.63%, 05/15/2042

    4,125,302  
    415,000    

Catalent Pharma Solutions, Inc. 5.00%, 07/15/2027(5)

    432,638  
   

Centene Corp.

 

    185,000    

3.00%, 10/15/2030

    192,114  
    1,715,000    

3.38%, 02/15/2030

    1,781,456  
    755,000    

4.25%, 12/15/2027

    794,788  
    790,000    

4.63%, 12/15/2029

    860,101  
   

CHS/Community Health Systems, Inc.

 

    485,000    

6.25%, 03/31/2023

    480,756  
    3,255,000    

6.63%, 02/15/2025(5)

    3,174,276  
    650,000    

6.88%, 02/01/2022(3)

    588,250  
    2,630,000    

8.13%, 06/30/2024(3)(5)

    2,021,812  
    2,840,000    

CommonSpirit Health 2.76%, 10/01/2024

    2,976,105  
    495,000    

DaVita, Inc. 3.75%, 02/15/2031(5)

    475,819  
   

HCA, Inc.

 

    3,825,000    

3.50%, 09/01/2030

    3,911,405  
    2,950,000    

5.13%, 06/15/2039

    3,590,901  
    4,985,000    

5.38%, 02/01/2025

    5,520,040  
    1,500,000    

5.38%, 09/01/2026

    1,685,625  
    115,000    

5.63%, 09/01/2028

    133,854  
    90,000    

5.88%, 02/01/2029

    105,884  
    1,627,000    

7.50%, 11/15/2095

    2,066,290  
   

Humana, Inc.

 

    3,555,000    

3.85%, 10/01/2024

    3,924,648  
    6,000,000    

3.95%, 03/15/2027

    6,834,413  
   

Laboratory Corp. of America Holdings

 

    14,225,000    

2.30%, 12/01/2024

    15,046,039  
    14,200,000    

2.95%, 12/01/2029

    15,518,186  
    10,510,000    

Partners Healthcare System, Inc. 3.19%, 07/01/2049

    11,015,225  
    1,465,000    

Quest Diagnostics, Inc. 2.80%, 06/30/2031

    1,569,027  
    1,540,000    

Rede D’or Finance S.a.r.l. 4.50%, 01/22/2030(5)

    1,514,975  
    3,150,000    

Sutter Health 1.32%, 08/15/2025

    3,163,439  
   

UnitedHealth Group, Inc.

 

    1,920,000    

1.25%, 01/15/2026

    1,958,747  
    3,065,000    

2.75%, 05/15/2040

    3,208,784  
    1,200,000    

3.50%, 08/15/2039

    1,376,632  
    6,925,000    

3.75%, 07/15/2025

    7,862,874  
    5,720,000    

4.63%, 07/15/2035

    7,505,166  
    13,530,000    

5.80%, 03/15/2036

    19,564,289  
    1,981,000    

6.88%, 02/15/2038

    3,188,160  
     

 

 

 
        175,532,866  
     

 

 

 
          Home Builders - 0.1%  
    455,000    

Adams Homes, Inc. 7.50%, 02/15/2025(5)

    457,275  
    2,990,000    

Ashton Woods USA LLC / Ashton Woods Finance Co. 6.63%, 01/15/2028(5)

    3,004,950  
    640,000    

KB Home 4.80%, 11/15/2029

    691,200  
   

M/I Homes, Inc.

 

    1,325,000    

4.95%, 02/01/2028

    1,371,375  
    1,255,000    

5.63%, 08/01/2025

    1,289,776  
    2,230,000    

STL Holding Co. LLC 7.50%, 02/15/2026(5)

    2,216,063  
   

Taylor Morrison Communities, Inc.

 

    1,055,000    

5.13%, 08/01/2030(5)

    1,145,392  
    2,735,000    

5.75%, 01/15/2028(5)

    3,035,850  
     

 

 

 
        13,211,881  
     

 

 

 
      Household Products/Wares - 0.1%  
EUR     3,980,000    

Diamond (BC) B.V. 5.63%, 08/15/2025(6)

    4,541,674  
$     1,035,000    

Prestige Brands, Inc. 5.13%, 01/15/2028(5)

    1,075,106  
 

 

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

 

 

  38  

 


The Hartford Balanced Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 46.5% - (continued)  
      Household Products/Wares - 0.1% - (continued)  
 

S.C. Johnson & Son, Inc.

 

$     2,520,000    

4.00%, 05/15/2043(5)

  $ 2,842,720  
    1,840,000    

4.75%, 10/15/2046(5)

    2,396,820  
     

 

 

 
        10,856,320  
     

 

 

 
      Housewares - 0.0%  
    435,000    

Newell Brands, Inc. 4.88%, 06/01/2025

    471,018  
     

 

 

 
      Insurance - 1.9%  
    1,470,000    

ACE Capital Trust II 9.70%, 04/01/2030

    2,161,509  
 

Acrisure LLC / Acrisure Finance, Inc.

 

    4,280,000    

7.00%, 11/15/2025(5)

    4,287,490  
    1,541,000    

8.13%, 02/15/2024(5)

    1,611,508  
    1,335,000    

10.13%, 08/01/2026(5)

    1,478,512  
    1,615,000    

AIA Group Ltd. 3.20%, 09/16/2040(5)

    1,661,076  
 

American International Group, Inc.

 

    7,510,000    

2.50%, 06/30/2025

    8,051,247  
    7,550,000    

4.38%, 06/30/2050

    9,074,204  
    5,348,000    

4.70%, 07/10/2035

    6,705,071  
 

Aon plc

 

    4,775,000    

3.50%, 06/14/2024

    5,199,777  
    3,480,000    

3.88%, 12/15/2025

    3,965,693  
    2,300,000    

4.25%, 12/12/2042

    2,578,247  
    1,369,000    

4.75%, 05/15/2045

    1,800,110  
    3,460,000    

Berkshire Hathaway Finance Corp. 4.40%, 05/15/2042

    4,403,367  
    17,655,000    

Brighthouse Financial, Inc. 5.63%, 05/15/2030

    20,841,271  
    840,000    

CNO Financial Group, Inc. 5.25%, 05/30/2029

    978,492  
    21,555,000    

Equitable Holdings, Inc. 4.35%, 04/20/2028

    24,759,338  
 

Genworth Holdings, Inc.

 

    715,000    

4.80%, 02/15/2024

    654,225  
    1,070,000    

4.90%, 08/15/2023

    989,750  
    1,200,000    

6.50%, 06/15/2034

    1,126,464  
    770,000    

7.20%, 02/15/2021

    766,150  
    1,250,000    

7.63%, 09/24/2021(3)

    1,246,912  
 

Marsh & McLennan Cos., Inc.

 

    12,690,000    

3.88%, 03/15/2024

    13,997,291  
    3,900,000    

4.05%, 10/15/2023

    4,268,912  
    7,455,000    

4.75%, 03/15/2039

    9,816,506  
    1,625,000    

Massachusetts Mutual Life Insurance Co. 3.73%, 10/15/2070(5)

    1,657,467  
    10,000,000    

MassMutual Global Funding II 2.35%, 01/14/2027(5)

    10,626,245  
    13,735,000    

Metropolitan Life Global Funding I 3.00%, 09/19/2027(5)

    15,159,470  
    2,795,000    

MGIC Investment Corp. 5.25%, 08/15/2028

    2,871,862  
    4,940,000    

Nationwide Mutual Insurance Co. 9.38%, 08/15/2039(5)

    8,331,562  
    14,205,000    

New York Life Global Funding 3.00%, 01/10/2028(5)

    15,813,098  
    2,775,000    

New York Life Insurance Co. 3.75%, 05/15/2050(5)

    3,095,101  
    1,055,000    

NMI Holdings, Inc. 7.38%, 06/01/2025(5)

    1,149,950  
    435,000    

Peachtree Corners Funding Trust 3.98%, 02/15/2025(5)

    478,714  
    1,970,000    

Prudential Financial, Inc. 4.35%, 02/25/2050

    2,364,379  
    465,000    

Radian Group, Inc. 4.88%, 03/15/2027

    475,463  
    4,715,000    

Trinity Acquisition plc 4.40%, 03/15/2026

    5,438,809  
 

Unum Group

 

    2,875,000    

4.00%, 06/15/2029

    3,150,340  
    5,895,000    

4.50%, 03/15/2025

    6,555,489  
    4,665,000    

4.50%, 12/15/2049

    4,574,867  
    165,000    

Voya Financial, Inc. 4.80%, 06/15/2046

    201,321  
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 46.5% - (continued)  
      Insurance - 1.9% - (continued)  
 

Willis North America, Inc.

 

$     755,000    

2.95%, 09/15/2029

  $ 822,104  
    11,435,000    

3.60%, 05/15/2024

    12,476,800  
    13,525,000    

3.88%, 09/15/2049

    15,737,407  
    6,752,000    

4.50%, 09/15/2028

    8,071,318  
     

 

 

 
        251,474,888  
     

 

 

 
      Internet - 1.1%  
    10,885,000    

Alibaba Group Holding Ltd. 4.00%, 12/06/2037

    12,805,932  
 

Alphabet, Inc.

 

    7,925,000    

1.90%, 08/15/2040

    7,480,643  
    10,300,000    

2.05%, 08/15/2050

    9,288,012  
    5,635,000    

2.25%, 08/15/2060

    5,030,018  
 

Amazon.com, Inc.

 

    10,185,000    

1.50%, 06/03/2030

    10,303,028  
    12,955,000    

2.50%, 06/03/2050

    12,839,176  
    13,385,000    

3.88%, 08/22/2037

    16,417,010  
    4,320,000    

4.25%, 08/22/2057

    5,717,134  
    5,535,000    

4.95%, 12/05/2044

    7,835,332  
 

Meituan

 

    335,000    

2.13%, 10/28/2025(5)

    335,328  
    1,569,000    

3.05%, 10/28/2030(5)

    1,572,282  
    450,000    

Netflix, Inc. 3.63%, 06/15/2025(5)

    467,437  
 

Prosus N.V.

 

EUR     355,000    

2.03%, 08/03/2032(5)

    417,850  
$     1,005,000    

4.03%, 08/03/2050(5)

    1,026,029  
 

Tencent Holdings Ltd.

 

    6,280,000    

1.81%, 01/26/2026(5)

    6,367,280  
    7,145,000    

2.39%, 06/03/2030(5)

    7,233,275  
    1,175,000    

3.24%, 06/03/2050(5)

    1,184,400  
    265,000    

3.29%, 06/03/2060(5)

    265,131  
    22,630,000    

3.60%, 01/19/2028(5)

    24,738,559  
    255,000    

3.93%, 01/19/2038(5)

    291,571  
    10,000,000    

3.98%, 04/11/2029(5)

    11,261,741  
     

 

 

 
        142,877,168  
     

 

 

 
      Iron/Steel - 0.2%  
 

ABJA Investment Co. Pte Ltd.

 

    475,000    

4.45%, 07/24/2023(6)

    472,127  
    495,000    

5.45%, 01/24/2028(6)

    477,297  
    1,025,000    

CSN Resources S.A. 7.63%, 04/17/2026(5)

    1,052,675  
    353,000    

Metinvest B.V. 7.65%, 10/01/2027(5)

    342,968  
    1,545,000    

Nucor Corp. 2.00%, 06/01/2025

    1,615,150  
    470,000    

PJSC Koks via IMH Capital DAC 5.90%, 09/23/2025(5)

    481,750  
 

Steel Dynamics, Inc.

 

    1,375,000    

2.40%, 06/15/2025

    1,442,813  
    4,159,000    

2.80%, 12/15/2024

    4,413,015  
    790,000    

3.25%, 01/15/2031

    853,628  
    12,265,000    

Vale Overseas Ltd. 3.75%, 07/08/2030

    12,914,922  
     

 

 

 
        24,066,345  
     

 

 

 
          IT Services - 1.2%  
   

Apple, Inc.

 

    7,000,000    

1.13%, 05/11/2025

    7,132,688  
    2,125,000    

2.65%, 05/11/2050

    2,143,520  
    8,545,000    

2.95%, 09/11/2049

    9,173,573  
    2,600,000    

3.75%, 11/13/2047

    3,144,670  
    1,300,000    

3.85%, 05/04/2043

    1,595,035  
    6,520,000    

3.85%, 08/04/2046

    7,988,998  
    2,895,000    

4.25%, 02/09/2047

    3,815,615  
    4,420,000    

4.38%, 05/13/2045

    5,852,530  
    1,120,000    

4.45%, 05/06/2044

    1,492,782  
    10,000,000    

4.65%, 02/23/2046

    13,617,847  
 

 

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

 

 

  39  

 


The Hartford Balanced Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 46.5% - (continued)  
          IT Services - 1.2% - (continued)  
   

HP, Inc.

 

$     9,370,000    

2.20%, 06/17/2025

  $ 9,808,233  
    9,370,000    

3.00%, 06/17/2027

    10,074,837  
   

IBM Corp.

 

    8,545,000    

1.70%, 05/15/2027

    8,729,108  
    2,745,000    

2.85%, 05/15/2040

    2,834,476  
    15,235,000    

3.00%, 05/15/2024

    16,468,461  
    16,120,000    

3.50%, 05/15/2029

    18,428,478  
    12,435,000    

4.15%, 05/15/2039

    15,169,222  
    7,880,000    

4.25%, 05/15/2049

    9,731,683  
   

Leidos, Inc.

 

    5,145,000    

2.30%, 02/15/2031(5)

    5,100,239  
    3,085,000    

3.63%, 05/15/2025(5)

    3,414,540  
   

Presidio Holdings, Inc.

 

    1,650,000    

4.88%, 02/01/2027(5)

    1,693,824  
    1,375,000    

8.25%, 02/01/2028(5)

    1,457,500  
     

 

 

 
        158,867,859  
     

 

 

 
          Leisure Time - 0.1%  
   

Carnival Corp.

 

    1,760,000    

9.88%, 08/01/2027(5)

    1,829,300  
    1,545,000    

10.50%, 02/01/2026(5)

    1,672,463  
    3,910,000    

11.50%, 04/01/2023(5)

    4,294,509  
     

 

 

 
        7,796,272  
     

 

 

 
          Lodging - 0.2%  
   

Boyd Gaming Corp.

 

    1,010,000    

4.75%, 12/01/2027

    982,235  
    3,455,000    

6.38%, 04/01/2026

    3,584,839  
    3,045,000    

FelCor Lodging L.P. 6.00%, 06/01/2025

    2,991,712  
   

Las Vegas Sands Corp.

 

    475,000    

3.20%, 08/08/2024

    480,447  
    10,410,000    

3.50%, 08/18/2026

    10,536,993  
    480,000    

MGM Resorts International 4.63%, 09/01/2026

    471,751  
    1,000,000    

Sands China Ltd. 3.80%, 01/08/2026(5)

    1,021,840  
    2,805,000    

Sugarhouse HSP Gaming Prop Mezz L.P. / Sugarhouse HSP Gaming Finance Corp. 5.88%, 05/15/2025(5)

    2,713,837  
   

Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp.

 
    485,000    

4.25%, 05/30/2023(5)

    462,569  
    10,940,000    

5.50%, 03/01/2025(5)

    10,475,050  
     

 

 

 
        33,721,273  
     

 

 

 
          Machinery-Diversified - 0.4%  
    31,890,000    

Otis Worldwide Corp. 2.29%, 04/05/2027

    33,824,321  
    14,610,000    

Stanley Black & Decker, Inc. 3.40%, 03/01/2026

    16,396,598  
    2,665,000    

Westinghouse Air Brake Technologies Corp. 3.20%, 06/15/2025

    2,838,966  
     

 

 

 
        53,059,885  
     

 

 

 
          Media - 2.9%  
   

Altice Financing S.A.

 

    4,960,000    

5.00%, 01/15/2028(5)

    4,811,200  
    2,380,000    

7.50%, 05/15/2026(5)

    2,484,125  
    200,000    

Cable Onda S.A. 4.50%, 01/30/2030(5)

    210,500  
   

CCO Holdings LLC / CCO Holdings Capital Corp.

 
    13,200,000    

4.25%, 02/01/2031(5)

    13,527,228  
    1,270,000    

4.50%, 08/15/2030(5)

    1,319,854  
    1,480,000    

4.50%, 05/01/2032(5)

    1,529,950  
    4,075,000    

5.75%, 02/15/2026(5)

    4,224,389  
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 46.5% - (continued)  
          Media - 2.9% - (continued)  
   

Charter Communications Operating LLC / Charter Communications Operating Capital

 
$     4,780,000    

2.80%, 04/01/2031

  $ 4,940,683  
    13,843,000    

4.80%, 03/01/2050

    15,769,937  
    8,240,000    

4.91%, 07/23/2025

    9,493,257  
    6,230,000    

5.13%, 07/01/2049

    7,283,382  
    10,990,000    

5.38%, 05/01/2047

    13,112,655  
    4,595,000    

5.75%, 04/01/2048

    5,735,525  
    6,903,000    

6.48%, 10/23/2045

    9,310,843  
   

Comcast Corp.

 
    10,280,000    

3.20%, 07/15/2036

    11,460,665  
    2,810,000    

3.25%, 11/01/2039

    3,124,160  
    6,640,000    

3.40%, 07/15/2046

    7,322,145  
    1,925,000    

3.75%, 04/01/2040

    2,240,641  
    2,520,000    

3.97%, 11/01/2047

    3,019,718  
    10,468,000    

4.05%, 11/01/2052

    12,830,136  
    4,530,000    

4.40%, 08/15/2035

    5,698,082  
    6,230,000    

4.60%, 10/15/2038

    7,939,692  
    5,000,000    

4.60%, 08/15/2045

    6,547,891  
    8,635,000    

4.70%, 10/15/2048

    11,522,261  
    1,095,000    

4.75%, 03/01/2044

    1,440,479  
   

Cox Communications, Inc.

 
    1,830,000    

1.80%, 10/01/2030(5)

    1,795,034  
    1,415,000    

2.95%, 10/01/2050(5)

    1,370,397  
    13,234,000    

3.15%, 08/15/2024(5)

    14,258,611  
    8,763,000    

4.50%, 06/30/2043(5)

    10,349,457  
    1,936,000    

4.70%, 12/15/2042(5)

    2,354,427  
    2,604,000    

6.45%, 12/01/2036(5)

    3,529,630  
   

CSC Holdings LLC

 
    495,000    

3.38%, 02/15/2031(5)

    476,071  
    1,740,000    

4.13%, 12/01/2030(5)

    1,769,197  
    5,360,000    

5.50%, 04/15/2027(5)

    5,648,100  
    3,480,000    

6.50%, 02/01/2029(5)

    3,861,130  
   

Discovery Communications LLC

 
    2,965,000    

2.95%, 03/20/2023

    3,122,226  
    855,000    

3.90%, 11/15/2024

    946,517  
    6,110,000    

3.95%, 06/15/2025

    6,840,225  
    1,926,000    

4.00%, 09/15/2055(5)

    1,957,509  
    3,490,000    

4.65%, 05/15/2050

    3,933,334  
    13,920,000    

5.20%, 09/20/2047

    16,581,392  
    5,395,000    

5.30%, 05/15/2049

    6,487,908  
   

DISH DBS Corp.

 
    2,065,000    

5.00%, 03/15/2023

    2,080,529  
    1,225,000    

5.88%, 07/15/2022

    1,261,750  
    2,170,000    

5.88%, 11/15/2024

    2,183,096  
    1,795,000    

6.75%, 06/01/2021

    1,830,900  
    2,210,000    

7.38%, 07/01/2028

    2,226,575  
    830,000    

7.75%, 07/01/2026

    879,788  
    2,420,000    

Fox Corp. 5.48%, 01/25/2039

    3,223,203  
   

Gray Television, Inc.

 
    1,510,000    

4.75%, 10/15/2030(5)

    1,487,350  
    630,000    

5.88%, 07/15/2026(5)

    655,729  
    3,930,000    

Nexstar Broadcasting, Inc. 5.63%, 07/15/2027(5)

    4,097,025  
    335,000    

Quebecor Media, Inc. 5.75%, 01/15/2023

    359,623  
    1,150,000    

Sinclair Television Group, Inc. 5.63%, 08/01/2024(5)

    1,147,670  
    2,920,000    

Sirius XM Radio, Inc. 4.63%, 07/15/2024(5)

    3,011,104  
   

Time Warner Cable LLC

 
    295,000    

4.00%, 09/01/2021

    300,783  
    1,875,000    

4.50%, 09/15/2042

    2,036,821  
    1,300,000    

5.50%, 09/01/2041

    1,562,297  
    10,340,000    

5.88%, 11/15/2040

    12,797,114  
    2,825,000    

6.75%, 06/15/2039

    3,777,944  
 

 

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

 

 

  40  

 


The Hartford Balanced Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 46.5% - (continued)  
          Media - 2.9% - (continued)  
$     1,565,000    

Time Warner Entertainment Co. L.P. 8.38%, 07/15/2033

  $ 2,392,448  
    1,470,000    

Vertical U.S Newco, Inc. 5.25%, 07/15/2027(5)

    1,512,924  
   

ViacomCBS, Inc.

 

    4,690,000    

4.20%, 05/19/2032

    5,395,926  
    9,057,000    

4.38%, 03/15/2043

    9,798,489  
    11,000,000    

4.95%, 01/15/2031

    13,360,910  
    3,175,000    

4.95%, 05/19/2050(3)

    3,745,758  
    5,700,000    

5.85%, 09/01/2043

    7,188,498  
    2,520,000    

Videotron Ltd. 5.00%, 07/15/2022

    2,639,952  
    3,985,000    

Virgin Media Secured Finance plc 4.50%, 08/15/2030(5)

    4,049,756  
   

Walt Disney Co.

 

    5,375,000    

1.75%, 01/13/2026

    5,593,895  
    13,690,000    

2.65%, 01/13/2031

    14,719,314  
    1,177,000    

5.40%, 10/01/2043

    1,620,416  
    2,440,000    

6.40%, 12/15/2035

    3,650,348  
    2,890,000    

WMG Acquisition Corp. 5.50%, 04/15/2026(5)

    2,998,375  
   

Ziggo B.V.

 

    7,800,000    

4.88%, 01/15/2030(5)

    8,087,625  
    3,931,000    

5.50%, 01/15/2027(5)

    4,078,412  
     

 

 

 
        387,932,910  
     

 

 

 
          Metal Fabricate/Hardware - 0.0%  
    470,000    

Advanced Drainage Systems, Inc. 5.00%, 09/30/2027(5)

    491,799  
   

Novelis Corp.

 

    3,230,000    

4.75%, 01/30/2030(5)

    3,275,591  
    1,045,000    

5.88%, 09/30/2026(5)

    1,078,315  
    630,000    

TriMas Corp. 4.88%, 10/15/2025(5)

    640,237  
     

 

 

 
        5,485,942  
     

 

 

 
          Mining - 0.3%  
   

Anglo American Capital plc

 

    6,485,000    

2.63%, 09/10/2030(5)

    6,489,886  
    4,340,000    

4.00%, 09/11/2027(5)

    4,799,498  
    870,000    

4.50%, 03/15/2028(5)

    984,480  
    4,740,000    

4.75%, 04/10/2027(5)

    5,452,028  
    4,100,000    

4.88%, 05/14/2025(5)

    4,662,762  
    6,485,000    

5.63%, 04/01/2030(5)

    7,970,672  
    1,080,000    

AngloGold Ashanti Holdings plc 3.75%, 10/01/2030

    1,144,687  
   

Constellium SE

 

    740,000    

5.63%, 06/15/2028(5)

    771,080  
    2,640,000    

5.88%, 02/15/2026(5)

    2,666,400  
    440,000    

Freeport-McMoRan, Inc. 4.55%, 11/14/2024

    473,000  
    1,000,000    

Teck Resources Ltd. 5.20%, 03/01/2042

    1,023,730  
    230,000    

Vedanta Resources plc 6.38%, 07/30/2022(6)

    161,115  
     

 

 

 
        36,599,338  
     

 

 

 
          Miscellaneous Manufacturing - 0.3%  
    156,474    

Anagram International, Inc. (5.00% Cash, 5.00% PIK) 10.00%, 08/15/2026(5)(10)

    130,656  
   

General Electric Co.

 

    5,655,000    

3.45%, 05/01/2027

    5,997,151  
    770,000    

3.63%, 05/01/2030

    813,151  
    367,000    

4.13%, 10/09/2042

    381,238  
    1,525,000    

4.25%, 05/01/2040

    1,607,436  
    1,615,000    

4.35%, 05/01/2050

    1,720,605  
    13,030,000    

Ingersoll-Rand Global Holding Co., Ltd. 2.90%, 02/21/2021

    13,127,354  
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 46.5% - (continued)  
          Miscellaneous Manufacturing - 0.3% - (continued)  
$     8,506,000    

Ingersoll-Rand Luxembourg Finance S.A. 4.50%, 03/21/2049

  $ 10,827,803  
     

 

 

 
        34,605,394  
     

 

 

 
          Office/Business Equipment - 0.1%  
   

CDW LLC / CDW Finance Corp.

 

    730,000    

4.13%, 05/01/2025

    758,820  
    1,050,000    

4.25%, 04/01/2028

    1,084,477  
   

Xerox Corp.

 

    465,000    

3.80%, 05/15/2024(3)

    478,229  
    4,050,000    

4.38%, 03/15/2023

    4,214,936  
    145,000    

4.80%, 03/01/2035

    137,750  
    1,155,000    

6.75%, 12/15/2039(3)

    1,214,483  
    2,040,000    

Xerox Holdings Corp. 5.00%, 08/15/2025(5)

    2,014,072  
     

 

 

 
        9,902,767  
     

 

 

 
          Oil & Gas - 1.4%  
   

Aker BP ASA

 

    7,045,000    

2.88%, 01/15/2026(5)

    6,974,448  
    6,015,000    

4.00%, 01/15/2031(5)

    5,890,176  
   

Apache Corp.

 

    1,975,000    

4.38%, 10/15/2028

    1,806,137  
    2,370,000    

4.63%, 11/15/2025

    2,251,500  
    982,000    

4.75%, 04/15/2043

    869,070  
    1,163,000    

5.10%, 09/01/2040

    1,067,651  
    3,945,000    

BP Capital Markets America, Inc. 3.63%, 04/06/2030

    4,442,010  
    1,389,000    

Canadian Natural Resources Ltd. 3.90%, 02/01/2025

    1,498,898  
    1,620,000    

Centennial Resource Production LLC 5.38%, 01/15/2026(5)

    595,350  
    4,100,000    

Cimarex Energy Co. 3.90%, 05/15/2027

    4,307,557  
   

Continental Resources, Inc.

 

    3,470,000    

4.38%, 01/15/2028(3)

    3,123,000  
    875,000    

4.90%, 06/01/2044

    723,231  
    2,110,000    

CVR Energy, Inc. 5.75%, 02/15/2028(5)

    1,440,075  
    460,000    

Delek & Avner Tamar Bond Ltd. 5.41%, 12/30/2025(5)

    471,738  
    1,530,000    

Devon Energy Corp. 4.75%, 05/15/2042

    1,421,386  
    3,345,000    

Devon Financing Co. LLC 7.88%, 09/30/2031

    4,187,655  
    1,945,000    

Ecopetrol S.A. 6.88%, 04/29/2030

    2,338,668  
    200,000    

Empresa Nacional del Petroleo 5.25%, 11/06/2029(6)

    229,148  
   

Equinor ASA

 

    3,685,000    

2.38%, 05/22/2030

    3,841,221  
    3,365,000    

3.63%, 04/06/2040

    3,798,951  
    2,055,000    

3.70%, 04/06/2050

    2,285,392  
   

Hess Corp.

 

    1,445,000    

6.00%, 01/15/2040

    1,602,698  
    2,980,000    

7.13%, 03/15/2033

    3,591,723  
    10,742,000    

7.30%, 08/15/2031

    13,095,908  
    500,000    

HollyFrontier Corp. 2.63%, 10/01/2023

    496,223  
    2,960,000    

Jagged Peak Energy LLC 5.88%, 05/01/2026

    3,048,800  
   

KazMunayGas National Co. JSC

 

    505,000    

3.50%, 04/14/2033(5)

    520,758  
    210,000    

5.38%, 04/24/2030(6)

    250,501  
   

Leviathan Bond Ltd.

 

    810,000    

6.13%, 06/30/2025(5)(6)

    837,378  
    1,615,000    

6.50%, 06/30/2027(5)(6)

    1,663,450  
    715,000    

6.75%, 06/30/2030(5)(6)

    733,804  
    14,745,000    

Marathon Petroleum Corp. 4.70%, 05/01/2025

    16,313,807  
    2,545,000    

Matador Resources Co. 5.88%, 09/15/2026

    2,048,725  
 

 

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

 

 

  41  

 


The Hartford Balanced Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 46.5% - (continued)  
          Oil & Gas - 1.4% - (continued)  
$     299,000    

NAK Naftogaz Ukraine via Kondor Finance plc 7.63%, 11/08/2026(5)

  $ 279,344  
    4,155,000    

Noble Energy, Inc. 6.00%, 03/01/2041

    5,836,609  
   

Occidental Petroleum Corp.

 

    2,070,000    

3.00%, 02/15/2027

    1,562,850  
    720,000    

3.40%, 04/15/2026

    563,170  
    6,972,000    

4.20%, 03/15/2048

    4,531,800  
    1,098,000    

4.40%, 04/15/2046

    738,098  
   

Parsley Energy LLC / Parsley Finance Corp.

 

    1,194,000    

4.13%, 02/15/2028(5)

    1,242,417  
    503,000    

5.38%, 01/15/2025(5)

    514,317  
   

Petrobras Global Finance B.V.

 

    1,440,000    

5.60%, 01/03/2031

    1,554,264  
    1,400,000    

6.75%, 06/03/2050

    1,536,276  
    945,000    

6.88%, 01/20/2040

    1,064,552  
   

Petroleos de Venezuela S.A.

 

    435,000    

6.00%, 05/16/2024(12)

    15,660  
    190,000    

9.00%, 11/17/2021(12)

    6,460  
   

Petroleos Mexicanos

 

    75,000    

5.95%, 01/28/2031

    62,775  
    300,000    

6.38%, 01/23/2045

    227,364  
    50,000    

6.75%, 09/21/2047

    38,814  
    3,825,000    

7.69%, 01/23/2050

    3,178,307  
    14,442,000    

Phillips 66 2.15%, 12/15/2030

    13,560,634  
   

QEP Resources, Inc.

 

    225,000    

5.25%, 05/01/2023

    178,875  
    1,575,000    

5.63%, 03/01/2026

    1,000,125  
    6,174,000    

Saudi Arabian Oil Co. 2.88%, 04/16/2024(5)

    6,469,461  
   

Shell International Finance B.V.

 

    4,199,000    

4.00%, 05/10/2046

    4,793,162  
    1,056,000    

4.38%, 05/11/2045

    1,262,638  
    2,320,000    

4.55%, 08/12/2043

    2,828,645  
    1,735,000    

Sinopec Group Overseas Development Ltd. 2.70%, 05/13/2030(5)

    1,805,511  
   

SM Energy Co.

 

    700,000    

5.63%, 06/01/2025

    274,897  
    640,000    

6.63%, 01/15/2027

    240,000  
    1,175,000    

6.75%, 09/15/2026

    452,375  
 

State Oil Co. of the Azerbaijan Republic

 
    725,000    

4.75%, 03/13/2023(6)

    755,356  
    495,000    

6.95%, 03/18/2030(6)

    586,258  
    3,955,000    

Suncor Energy, Inc. 4.00%, 11/15/2047

    3,910,747  
 

Sunoco L.P. / Sunoco Finance Corp.

 
    1,425,000    

5.50%, 02/15/2026

    1,427,672  
    820,000    

6.00%, 04/15/2027

    847,642  
    6,365,000    

Transocean, Inc. 6.80%, 03/15/2038(3)

    827,450  
    520,000    

Tupras Turkiye Petrol Rafinerileri AS 4.50%, 10/18/2024(6)

    476,310  
 

Valero Energy Corp.

 
    7,260,000    

2.15%, 09/15/2027

    6,934,030  
    3,130,000    

4.00%, 04/01/2029

    3,266,914  
    3,460,000    

4.35%, 06/01/2028

    3,705,512  
    2,515,000    

4.90%, 03/15/2045

    2,540,165  
    1,920,000    

6.63%, 06/15/2037

    2,258,192  
    2,670,000    

Vine Oil & Gas L.P. / Vine Oil & Gas Finance Corp. 8.75%, 04/15/2023(3)(5)

    1,975,800  
    196,000    

WPX Energy, Inc. 5.25%, 09/15/2024

    202,860  
 

YPF S.A.

 
    1,525,000    

8.50%, 03/23/2025(5)

    976,000  
    2,020,000    

8.50%, 03/23/2025(6)

    1,292,800  
     

 

 

 
    185,570,145  
     

 

 

 
      Oil & Gas Services - 0.2%  
    4,660,000    

Baker Hughes a GE Co. LLC / Baker Hughes Co-Obligor, Inc. 4.49%, 05/01/2030

    5,306,597  
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 46.5% - (continued)  
      Oil & Gas Services - 0.2% - (continued)  
$     7,675,000    

Halliburton Co. 4.85%, 11/15/2035

  $ 8,058,937  
    11,255,000    

Schlumberger Investment S.A. 2.65%, 06/26/2030

    11,328,372  
     

 

 

 
    24,693,906  
     

 

 

 
      Packaging & Containers - 0.2%  
    3,225,000    

ARD Finance S.A. (6.50% Cash, 7.25% PIK) 6.50%, 06/30/2027(5)(10)

    3,277,406  
 

Ardagh Packaging Finance plc / Ardagh Holdings USA, Inc.

 
    1,040,000    

4.13%, 08/15/2026(5)

    1,060,800  
    5,145,000    

5.25%, 04/30/2025(5)

    5,383,368  
    4,595,000    

5.25%, 08/15/2027(5)

    4,716,767  
    200,000    

6.00%, 02/15/2025(5)

    206,750  
    490,000    

Ball Corp. 2.88%, 08/15/2030

    484,488  
    1,410,000    

Berry Global, Inc. 5.63%, 07/15/2027(5)

    1,475,064  
 

Crown Americas LLC / Crown Americas Capital Corp.

 
    455,000    

4.25%, 09/30/2026

    483,949  
    2,055,000    

4.75%, 02/01/2026

    2,132,063  
    5,230,000    

Flex Acquisition Co., Inc. 6.88%, 01/15/2025(5)

    5,145,012  
    660,000    

Graphic Packaging International LLC 3.50%, 03/01/2029(5)

    660,000  
    390,000    

OI European Group B.V. 4.00%, 03/15/2023(5)

    391,950  
 

Owens-Brockway Glass Container, Inc.

 
    2,960,000    

5.88%, 08/15/2023(5)

    3,114,290  
    2,710,000    

6.38%, 08/15/2025(5)

    2,974,225  
EUR     1,255,000    

Silgan Holdings, Inc. 2.25%, 06/01/2028

    1,424,034  
$     415,000    

Trivium Packaging Finance B.V. 5.50%, 08/15/2026(5)

    434,713  
     

 

 

 
    33,364,879  
     

 

 

 
          Pharmaceuticals - 2.4%  
 

AbbVie, Inc.

 
    7,100,000    

2.30%, 11/21/2022(5)

    7,356,698  
    15,320,000    

2.95%, 11/21/2026(5)

    16,730,646  
    7,400,000    

3.20%, 11/21/2029(5)

    8,096,507  
    9,055,000    

4.05%, 11/21/2039(5)

    10,383,848  
    16,100,000    

4.25%, 11/21/2049(5)

    18,803,304  
    4,000,000    

4.45%, 05/14/2046

    4,770,420  
    2,840,000    

4.63%, 10/01/2042(5)

    3,416,023  
    2,500,000    

4.85%, 06/15/2044(5)

    3,095,233  
    11,865,000    

AstraZeneca plc 3.38%, 11/16/2025

    13,312,695  
 

Bausch Health Cos., Inc.

 
    5,115,000    

5.00%, 01/30/2028(5)

    5,055,564  
    2,050,000    

5.25%, 01/30/2030(5)

    2,024,477  
    246,000    

5.50%, 03/01/2023(5)

    245,385  
    1,161,000    

5.88%, 05/15/2023(5)

    1,158,098  
    1,970,000    

6.13%, 04/15/2025(5)

    2,022,697  
    2,550,000    

7.00%, 01/15/2028(5)

    2,696,625  
    360,000    

9.00%, 12/15/2025(5)

    393,372  
    390,000    

Baxalta, Inc. 3.60%, 06/23/2022

    406,837  
 

Bayer U.S. Finance LLC

 
    2,900,000    

4.20%, 07/15/2034(5)

    3,166,594  
    7,820,000    

4.25%, 12/15/2025(5)

    8,885,057  
 

Becton Dickinson and Co.

 
    1,050,000    

2.82%, 05/20/2030

    1,122,206  
    3,345,000    

3.79%, 05/20/2050

    3,726,473  
 

Bristol-Myers Squibb Co.

 
    10,000,000    

3.20%, 06/15/2026

    11,193,853  
    2,000,000    

3.25%, 08/01/2042

    2,236,002  
    9,306,000    

3.88%, 08/15/2025

    10,583,928  
    535,000    

Catalent Pharma Solutions, Inc. 4.88%, 01/15/2026(5)

    545,700  
 

 

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

 

 

  42  

 


The Hartford Balanced Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 46.5% - (continued)  
          Pharmaceuticals - 2.4% - (continued)  
 

Cigna Corp.

 
$     1,655,000    

3.20%, 03/15/2040

  $ 1,747,519  
    4,305,000    

3.25%, 04/15/2025

    4,710,266  
    13,680,000    

4.13%, 11/15/2025

    15,646,310  
 

CVS Health Corp.

 
    2,200,000    

2.70%, 08/21/2040

    2,100,345  
    3,280,000    

3.00%, 08/15/2026

    3,571,956  
    2,100,000    

3.25%, 08/15/2029

    2,299,737  
    3,296,000    

4.10%, 03/25/2025

    3,715,976  
    4,605,000    

4.13%, 04/01/2040

    5,226,567  
    16,780,000    

4.78%, 03/25/2038

    20,267,080  
    9,435,000    

5.13%, 07/20/2045

    11,942,233  
    4,200,000    

Eli Lilly and Co. 4.15%, 03/15/2059

    5,439,961  
 

Endo Dac / Endo Finance LLC / Endo Finco, Inc.

 
    480,000    

5.88%, 10/15/2024(5)

    480,000  
    2,422,000    

6.00%, 06/30/2028(5)

    1,870,995  
    4,189,000    

9.50%, 07/31/2027(5)

    4,493,582  
    8,110,000    

GlaxoSmithKline Capital, Inc. 3.63%, 05/15/2025

    9,090,153  
    6,420,000    

Johnson & Johnson 3.63%, 03/03/2037

    7,656,852  
 

Johnson & Johnson

 
    2,790,000    

2.10%, 09/01/2040

    2,714,308  
    2,855,000    

2.45%, 09/01/2060

    2,826,595  
    200,000    

McKesson Corp. 3.65%, 11/30/2020

    200,509  
    16,485,000    

Merck & Co., Inc. 3.90%, 03/07/2039

    20,365,490  
    1,025,000    

Par Pharmaceutical, Inc. 7.50%, 04/01/2027(5)

    1,086,500  
    830,000    

Perrigo Finance Unlimited Co. 3.90%, 12/15/2024

    894,901  
 

Pfizer, Inc.

 
    8,535,000    

2.63%, 04/01/2030

    9,388,468  
    4,525,000    

4.00%, 12/15/2036

    5,566,497  
    2,725,000    

4.00%, 03/15/2049

    3,444,323  
 

Takeda Pharmaceutical Co., Ltd.

 
    17,075,000    

2.05%, 03/31/2030

    17,185,966  
    3,065,000    

3.18%, 07/09/2050

    3,112,900  
 

Teva Pharmaceutical Finance Netherlands B.V.

 
    1,765,000    

2.80%, 07/21/2023

    1,673,961  
    14,460,000    

3.15%, 10/01/2026

    12,724,800  
    1,735,000    

6.75%, 03/01/2028

    1,822,401  
 

Upjohn, Inc.

 
    2,855,000    

1.65%, 06/22/2025(5)

    2,915,121  
    2,245,000    

2.30%, 06/22/2027(5)

    2,322,189  
     

 

 

 
        329,932,703  
     

 

 

 
          Pipelines - 1.5%  
    3,100,000    

Antero Midstream Partners L.P. / Antero Midstream Finance Corp. 5.75%, 01/15/2028(5)

    2,759,000  
 

Buckeye Partners L.P.

 
    1,005,000    

4.13%, 03/01/2025(5)

    952,238  
    475,000    

4.15%, 07/01/2023

    467,281  
    1,030,000    

4.50%, 03/01/2028(5)

    978,500  
    1,154,000    

Cheniere Energy Partners L.P. 4.50%, 10/01/2029

    1,176,526  
    3,725,000    

DCP Midstream Operating L.P. 5.38%, 07/15/2025

    3,911,250  
 

Energy Transfer Operating L.P.

 
    8,950,000    

3.75%, 05/15/2030

    8,782,110  
    2,275,000    

4.90%, 03/15/2035

    2,237,972  
    1,500,000    

5.15%, 02/01/2043

    1,398,620  
    1,190,000    

5.15%, 03/15/2045

    1,106,364  
    9,000,000    

5.25%, 04/15/2029

    9,750,623  
    4,958,000    

5.30%, 04/15/2047

    4,723,631  
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 46.5% - (continued)  
          Pipelines - 1.5% - (continued)  
$     940,000    

6.05%, 06/01/2041

  $ 962,970  
    4,045,000    

6.13%, 12/15/2045

    4,113,952  
    3,910,000    

6.25%, 04/15/2049

    4,128,715  
 

Enterprise Products Operating LLC

 
    1,430,000    

4.20%, 01/31/2050

    1,546,215  
    3,195,000    

4.80%, 02/01/2049

    3,701,729  
    1,516,000    

4.85%, 08/15/2042

    1,730,143  
    1,200,000    

5.10%, 02/15/2045

    1,411,181  
 

EQM Midstream Partners L.P.

 
    795,000    

6.00%, 07/01/2025(5)

    814,875  
    805,000    

6.50%, 07/01/2027(5)

    844,280  
    1,500,000    

6.50%, 07/15/2048

    1,425,000  
 

Galaxy Pipeline Assets Bidco Ltd.

 
    1,795,000    

1.75%, 09/30/2027(5)

    1,783,781  
    1,585,000    

2.63%, 03/31/2036(5)

    1,573,097  
    790,000    

3.25%, 09/30/2040(5)

    776,175  
    2,730,000    

Gray Oak Pipeline LLC 2.00%, 09/15/2023(5)

    2,738,209  
 

MPLX L.P.

 
    3,750,000    

4.00%, 02/15/2025

    4,075,662  
    10,925,000    

4.25%, 12/01/2027

    12,111,616  
    3,550,000    

4.70%, 04/15/2048

    3,516,304  
    6,900,000    

4.90%, 04/15/2058

    6,857,453  
    2,450,000    

5.20%, 03/01/2047

    2,575,360  
    4,780,000    

5.20%, 12/01/2047

    4,952,588  
    470,000    

NuStar Logistics L.P. 5.75%, 10/01/2025

    473,210  
 

ONEOK, Inc.

 
    810,000    

3.10%, 03/15/2030

    777,438  
    7,835,000    

3.40%, 09/01/2029

    7,613,876  
    11,350,000    

6.35%, 01/15/2031

    13,247,503  
    8,305,000    

Phillips 66 Partners L.P. 3.15%, 12/15/2029

    8,305,723  
    585,000    

Rockies Express Pipeline LLC 4.80%, 05/15/2030(5)

    550,046  
 

Sabine Pass Liquefaction LLC

 
    1,775,000    

4.50%, 05/15/2030(5)

    1,985,729  
    3,605,000    

5.00%, 03/15/2027

    4,047,163  
    4,000,000    

5.88%, 06/30/2026

    4,699,982  
 

Sunoco Logistics Partners Operations L.P.

 
    5,100,000    

5.30%, 04/01/2044

    4,792,742  
    1,065,000    

5.35%, 05/15/2045

    1,014,273  
 

Tallgrass Energy Partners L.P. / Tallgrass Energy Finance Corp.

 
    1,145,000    

4.75%, 10/01/2023(5)

    1,087,407  
    2,770,000    

6.00%, 03/01/2027(5)

    2,617,650  
    465,000    

7.50%, 10/01/2025(5)

    469,650  
 

Targa Resources Partners L.P. / Targa Resources Partners Finance Corp.

 
    490,000    

5.00%, 01/15/2028

    483,875  
    5,750,000    

6.50%, 07/15/2027

    6,023,125  
 

TransCanada PipeLines Ltd.

 
    6,160,000    

4.10%, 04/15/2030

    6,982,758  
    5,840,000    

4.63%, 03/01/2034

    6,747,399  
    1,195,000    

5.10%, 03/15/2049

    1,509,895  
    575,000    

Transportadora de Gas del Sur S.A. 6.75%, 05/02/2025(6)

    472,938  
    1,395,000    

Transportadora de Gas Internacional S.A. ESP 5.55%, 11/01/2028(5)

    1,603,566  
    2,870,000    

Valero Energy Partners L.P. 4.50%, 03/15/2028

    3,075,895  
 

Western Midstream Operating L.P.

 
    5,200,000    

5.05%, 02/01/2030

    4,933,058  
    1,675,000    

6.25%, 02/01/2050

    1,538,571  
 

Williams Cos., Inc.

 
    371,000    

4.90%, 01/15/2045

    395,120  
    4,145,000    

5.10%, 09/15/2045

    4,617,405  
 

 

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

 

 

  43  

 


The Hartford Balanced Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 46.5% - (continued)  
          Pipelines - 1.5% - (continued)  
$     4,100,000    

5.40%, 03/04/2044

  $ 4,489,418  
    1,365,000    

5.80%, 11/15/2043

    1,575,505  
    5,344,000    

6.30%, 04/15/2040

    6,471,814  
     

 

 

 
        202,486,154  
     

 

 

 
          Real Estate - 0.1%  
    8,745,000    

Crown Castle International Corp. 3.20%, 09/01/2024

    9,439,093  
    455,000    

Realogy Group LLC / Realogy Co-Issuer Corp. 9.38%, 04/01/2027(5)

    481,822  
     

 

 

 
        9,920,915  
     

 

 

 
          Real Estate Investment Trusts - 0.9%  
 

American Tower Corp.

 
    70,000    

1.30%, 09/15/2025

    70,581  
    5,715,000    

2.10%, 06/15/2030

    5,740,568  
 

Brixmor Operating Partnership L.P.

 
    7,930,000    

4.05%, 07/01/2030

    8,570,779  
    17,630,000    

4.13%, 05/15/2029

    19,123,207  
 

Equinix, Inc.

 
    2,645,000    

1.80%, 07/15/2027

    2,686,383  
    7,655,000    

2.15%, 07/15/2030

    7,691,984  
 

GLP Capital L.P. / GLP Financing II, Inc.

 
    158,000    

4.00%, 01/15/2030

    164,382  
    7,675,000    

4.00%, 01/15/2031

    8,024,673  
    4,815,000    

5.75%, 06/01/2028

    5,476,774  
 

Iron Mountain, Inc.

 
    410,000    

4.88%, 09/15/2027(5)

    417,564  
    4,920,000    

4.88%, 09/15/2029(5)

    4,971,660  
    525,000    

Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp. 4.25%, 02/01/2027(5)

    453,469  
    7,130,000    

Mid-America Apartments L.P. 1.70%, 02/15/2031

    6,912,058  
 

National Retail Properties, Inc.

 
    11,200,000    

2.50%, 04/15/2030

    11,099,339  
    545,000    

3.10%, 04/15/2050

    477,613  
    3,885,000    

Simon Property Group L.P. 3.25%, 09/13/2049

    3,517,285  
    5,605,000    

UDR, Inc. 2.10%, 08/01/2032

    5,524,341  
    3,675,000    

VEREIT Operating Partnership L.P. 3.40%, 01/15/2028

    3,856,336  
 

VICI Properties L.P. / VICI Note Co., Inc.

 
    760,000    

3.50%, 02/15/2025(5)

    762,812  
    185,000    

3.75%, 02/15/2027(5)

    185,463  
    1,200,000    

4.25%, 12/01/2026(5)

    1,220,220  
    1,000,000    

4.63%, 12/01/2029(5)

    1,039,010  
 

Welltower, Inc.

 
    4,155,000    

2.70%, 02/15/2027

    4,372,502  
    18,460,000    

3.63%, 03/15/2024

    20,016,266  
    2,620,000    

4.00%, 06/01/2025

    2,948,723  
     

 

 

 
        125,323,992  
     

 

 

 
          Retail - 1.2%  
 

1011778 BC ULC / New Red Finance, Inc.

 
    2,830,000    

3.50%, 02/15/2029(5)

    2,808,775  
    455,000    

3.88%, 01/15/2028(5)

    458,412  
    840,000    

4.00%, 10/15/2030(5)

    834,750  
    4,020,000    

4.38%, 01/15/2028(5)

    4,070,250  
    2,704,000    

5.00%, 10/15/2025(5)

    2,772,682  
 

Alimentation Couche-Tard, Inc.

 
    1,110,000    

2.95%, 01/25/2030(5)

    1,182,633  
    190,000    

4.50%, 07/26/2047(5)

    225,626  
 

Asbury Automotive Group, Inc.

 
    176,000    

4.50%, 03/01/2028(5)

    179,080  
    179,000    

4.75%, 03/01/2030(5)

    184,817  
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 46.5% - (continued)  
          Retail - 1.2% - (continued)  
$     5,720,000    

AutoZone, Inc. 1.65%, 01/15/2031

  $ 5,536,329  
    2,785,000    

Beacon Roofing Supply, Inc. 4.88%, 11/01/2025(5)

    2,732,085  
    3,407,000    

CVS Health Corp. 2.88%, 06/01/2026

    3,690,878  
 

CVS Pass-Through Trust

 
    10,492    

6.04%, 12/10/2028

    11,943  
    24,186    

6.94%, 01/10/2030

    29,020  
    1,225,000    

FirstCash, Inc. 4.63%, 09/01/2028(5)

    1,243,375  
    1,180,000    

Group 1 Automotive, Inc. 4.00%, 08/15/2028(5)

    1,181,475  
 

Home Depot, Inc.

 
    1,010,000    

3.30%, 04/15/2040

    1,148,517  
    3,627,000    

3.50%, 09/15/2056

    4,202,076  
    5,710,000    

4.50%, 12/06/2048

    7,575,051  
    9,050,000    

5.88%, 12/16/2036

    13,373,935  
 

Jollibee Worldwide Pte Ltd.

 
    250,000    

3.90%, 01/23/2025, (3.90% fixed rate until 01/23/2025; 5 year USD CMT + 4.784% thereafter)(6)(7)(8)

    230,000  
    475,000    

4.75%, 06/24/2030(6)

    472,809  
 

KFC Holding Co. / Pizza Hut Holdings LLC / Taco Bell of America LLC

 
    1,275,000    

4.75%, 06/01/2027(5)

    1,319,453  
    1,600,000    

5.25%, 06/01/2026(5)

    1,653,320  
 

L Brands, Inc.

 
    225,000    

5.25%, 02/01/2028

    221,625  
    2,190,000    

6.63%, 10/01/2030(5)

    2,299,500  
 

Lithia Motors, Inc.

 
    510,000    

4.38%, 01/15/2031(5)

    526,575  
    735,000    

4.63%, 12/15/2027(5)

    773,661  
    1,315,000    

5.25%, 08/01/2025(5)

    1,361,025  
 

Lowe’s Cos., Inc.

 
    3,075,000    

1.30%, 04/15/2028

    3,044,666  
    11,540,000    

3.38%, 09/15/2025

    12,837,332  
    11,870,000    

3.70%, 04/15/2046

    13,480,098  
    153,000    

4.05%, 05/03/2047

    182,200  
    224,000    

4.25%, 09/15/2044

    260,517  
    450,000    

Macy’s, Inc. 8.38%, 06/15/2025(5)

    469,845  
 

McDonald’s Corp.

 
    9,130,000    

1.45%, 09/01/2025

    9,405,909  
    5,262,000    

3.38%, 05/26/2025

    5,807,705  
    7,670,000    

3.63%, 09/01/2049

    8,544,144  
    550,000    

4.20%, 04/01/2050

    666,309  
    3,615,000    

4.60%, 05/26/2045

    4,502,530  
    5,000,000    

6.30%, 10/15/2037

    7,363,576  
 

O’Reilly Automotive, Inc.

 
    7,340,000    

3.90%, 06/01/2029

    8,534,704  
    1,655,000    

4.20%, 04/01/2030

    1,958,878  
    289,474    

Party City Holdings, Inc. 5.75%, 07/15/2025, 6 mo. USD LIBOR + 5.000%(4)(5)

    202,632  
    1,055,000    

PetSmart, Inc. 5.88%, 06/01/2025(5)

    1,078,505  
    3,563,000    

Specialty Building Products Holdings LLC / SBP Finance Corp. 6.38%, 09/30/2026(5)

    3,634,260  
    6,605,000    

Staples, Inc. 7.50%, 04/15/2026(5)

    6,175,675  
    4,915,000    

United Rentals North America, Inc. 4.88%, 01/15/2028

    5,160,750  
    2,600,000    

Walmart, Inc. 3.95%, 06/28/2038

    3,253,638  
 

Yum! Brands, Inc.

 
    390,000    

3.63%, 03/15/2031

    382,687  
    690,000    

4.75%, 01/15/2030(5)

    741,750  
    220,000    

7.75%, 04/01/2025(5)

    241,659  
     

 

 

 
        160,229,646  
     

 

 

 
 

 

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

 

 

  44  

 


The Hartford Balanced Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 46.5% - (continued)  
          Savings & Loans - 0.0%  
$     735,000    

State Street Corp. 2.90%, 03/30/2026

  $ 797,578  
     

 

 

 
          Semiconductors - 1.4%  
 

Broadcom Corp. / Broadcom Cayman Finance Ltd.

 
    5,970,000    

3.13%, 01/15/2025

    6,380,343  
    3,545,000    

3.50%, 01/15/2028

    3,814,094  
    6,705,000    

3.88%, 01/15/2027

    7,401,526  
 

Broadcom, Inc.

 
    15,640,000    

3.15%, 11/15/2025

    16,856,479  
    13,370,000    

4.11%, 09/15/2028

    14,890,957  
    11,030,000    

4.15%, 11/15/2030

    12,356,628  
    1,500,000    

4.25%, 04/15/2026

    1,686,240  
    2,960,000    

Entegris, Inc. 4.63%, 02/10/2026(5)

    3,041,400  
 

Intel Corp.

 
    4,860,000    

3.10%, 02/15/2060

    5,166,979  
    5,035,000    

3.25%, 11/15/2049

    5,551,924  
    1,700,000    

4.10%, 05/19/2046

    2,118,402  
    4,930,000    

4.60%, 03/25/2040(3)

    6,476,565  
    15,755,000    

Microchip Technology, Inc. 2.67%, 09/01/2023(5)

    16,348,575  
    5,930,000    

Micron Technology, Inc. 4.98%, 02/06/2026

    6,896,440  
 

NVIDIA Corp.

 
    990,000    

3.50%, 04/01/2040

    1,147,289  
    4,740,000    

3.50%, 04/01/2050

    5,504,371  
    1,180,000    

3.70%, 04/01/2060

    1,378,408  
 

NXP B.V. / NXP Funding LLC

 
    9,163,000    

4.88%, 03/01/2024(5)

    10,265,163  
    3,485,000    

5.35%, 03/01/2026(5)

    4,115,234  
    2,790,000    

5.55%, 12/01/2028(5)

    3,444,116  
 

NXP B.V. / NXP Funding LLC / NXP USA, Inc.

 
    3,005,000    

3.15%, 05/01/2027(5)

    3,253,110  
    4,632,000    

4.30%, 06/18/2029(5)

    5,372,148  
 

Qorvo, Inc.

 
    2,595,000    

3.38%, 04/01/2031(5)

    2,627,437  
    2,010,000    

4.38%, 10/15/2029

    2,154,961  
 

QUALCOMM, Inc.

 
    31,022,000    

1.65%, 05/20/2032(5)

    30,350,326  
    5,092,000    

4.30%, 05/20/2047

    6,483,924  
    687,000    

4.65%, 05/20/2035

    901,445  
    3,676,000    

4.80%, 05/20/2045

    4,948,888  
 

Sensata Technologies B.V.

 
    1,020,000    

5.00%, 10/01/2025(5)

    1,113,478  
    1,475,000    

5.63%, 11/01/2024(5)

    1,618,370  
     

 

 

 
    193,665,220  
     

 

 

 
      Software - 1.6%  
    1,730,000    

Black Knight InfoServ LLC 3.63%, 09/01/2028(5)

    1,751,625  
    995,000    

BY Crown Parent LLC / BY Bond Finance, Inc. 4.25%, 01/31/2026(5)

    1,007,438  
    1,215,000    

CDK Global, Inc. 5.25%, 05/15/2029(5)

    1,303,330  
    1,675,000    

Change Healthcare Holdings LLC / Change Healthcare Finance, Inc. 5.75%, 03/01/2025(5)

    1,674,280  
 

Fidelity National Information Services, Inc.

 
    9,065,000    

3.00%, 08/15/2026

    10,024,639  
    12,090,000    

3.75%, 05/21/2029

    13,931,763  
 

Fiserv, Inc.

 
    13,810,000    

2.25%, 06/01/2027

    14,508,372  
    11,730,000    

3.20%, 07/01/2026

    12,987,119  
    6,695,000    

3.50%, 07/01/2029

    7,515,740  
    6,300,000    

4.40%, 07/01/2049

    7,801,924  
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 46.5% - (continued)  
      Software - 1.6% - (continued)  
 

IQVIA, Inc.

 
EUR     820,000    

2.25%, 01/15/2028(5)

  $ 938,539  
$     1,390,000    

5.00%, 05/15/2027(5)

    1,456,025  
   

Microsoft Corp.

 
    13,045,000    

2.53%, 06/01/2050

    13,294,948  
    1,040,000    

2.68%, 06/01/2060

    1,061,873  
    6,395,000    

3.45%, 08/08/2036

    7,691,283  
    3,805,000    

3.50%, 02/12/2035

    4,620,172  
    4,915,000    

3.95%, 08/08/2056

    6,308,179  
    12,690,000    

4.10%, 02/06/2037

    16,221,807  
   

MSCI, Inc.

 
    460,000    

3.63%, 09/01/2030(5)

    472,650  
    450,000    

3.88%, 02/15/2031(5)

    470,250  
    3,335,000    

4.00%, 11/15/2029(5)

    3,480,606  
    1,165,000    

4.75%, 08/01/2026(5)

    1,210,144  
    2,840,000    

Open Text Corp. 3.88%, 02/15/2028(5)

    2,884,815  
    1,625,000    

Open Text Holdings, Inc. 4.13%, 02/15/2030(5)

    1,685,937  
   

Oracle Corp.

 
    6,000,000    

2.65%, 07/15/2026

    6,532,929  
    16,315,000    

3.60%, 04/01/2040

    18,198,941  
    6,360,000    

3.60%, 04/01/2050

    6,982,559  
    2,100,000    

3.85%, 07/15/2036

    2,450,919  
    12,610,000    

3.85%, 04/01/2060

    14,305,383  
    14,500,000    

3.90%, 05/15/2035

    17,325,910  
    8,745,000    

4.00%, 11/15/2047

    10,138,087  
    4,300,000    

6.50%, 04/15/2038

    6,624,775  
   

PTC, Inc.

 
    400,000    

3.63%, 02/15/2025(5)

    407,250  
    440,000    

4.00%, 02/15/2028(5)

    454,850  
    4,095,000    

SS&C Technologies, Inc. 5.50%, 09/30/2027(5)

    4,352,289  
    1,293,000    

Western Digital Corp. 4.75%, 02/15/2026

    1,392,626  
     

 

 

 
    223,469,976  
     

 

 

 
      Telecommunications - 3.0%  
EUR     1,330,000    

Altice France Holding S.A. 8.00%, 05/15/2027(5)

    1,622,561  
 

Altice France S.A.

 
$     660,000    

5.50%, 01/15/2028(5)

    668,663  
    4,020,000    

7.38%, 05/01/2026(5)

    4,195,674  
    4,075,000    

8.13%, 02/01/2027(5)

    4,431,562  
 

AT&T, Inc.

 
    6,585,000    

2.30%, 06/01/2027

    6,858,277  
    4,450,000    

3.30%, 02/01/2052

    4,075,654  
    17,805,000    

3.50%, 06/01/2041

    18,046,623  
    17,619,000    

3.50%, 09/15/2053(5)

    16,844,277  
    9,502,000    

3.55%, 09/15/2055(5)

    9,000,920  
    5,295,000    

3.65%, 06/01/2051

    5,167,476  
    17,067,000    

3.65%, 09/15/2059(5)

    16,274,923  
    3,535,000    

3.85%, 06/01/2060

    3,490,359  
    5,545,000    

3.88%, 01/15/2026

    6,254,946  
    23,605,000    

4.10%, 02/15/2028

    27,089,505  
    3,335,000    

4.13%, 02/17/2026

    3,809,570  
    9,485,000    

4.25%, 03/01/2027

    10,911,674  
    10,395,000    

4.30%, 02/15/2030

    12,128,050  
    1,045,000    

4.30%, 12/15/2042

    1,166,203  
    870,000    

4.35%, 03/01/2029

    1,013,210  
    903,000    

4.35%, 06/15/2045

    1,000,857  
    905,000    

4.50%, 05/15/2035

    1,055,564  
    9,780,000    

4.50%, 03/09/2048

    10,946,368  
    1,085,000    

Bharti Airtel International Netherlands B.V. 5.35%, 05/20/2024(6)

    1,177,413  
    845,000    

Bharti Airtel Ltd. 4.38%, 06/10/2025(6)

    895,733  
    470,000    

CenturyLink, Inc. 4.00%, 02/15/2027(5)

    480,519  
 

 

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

 

 

  45  

 


The Hartford Balanced Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 46.5% - (continued)  
      Telecommunications - 3.0% - (continued)  
$     465,000    

Connect Finco SARL / Connect US Finco LLC 6.75%, 10/01/2026(5)

  $ 468,348  
    500,000    

Consolidated Communications, Inc. 6.50%, 10/01/2028(5)

    513,750  
    1,835,000    

Embarq Corp. 8.00%, 06/01/2036

    2,151,537  
 

Frontier Communications Corp.

 
    2,250,000    

5.88%, 10/15/2027(5)

    2,306,025  
    1,955,000    

6.88%, 01/15/2025(12)

    761,228  
    1,190,000    

10.50%, 09/15/2022(12)

    487,900  
    500,000    

Ligado Networks LLC 15.50%, 11/01/2023(5)(10)

    473,150  
 

Millicom International Cellular S.A.

 
    295,000    

4.50%, 04/27/2031(5)

    299,425  
    670,000    

6.25%, 03/25/2029(5)

    740,685  
    465,000    

MTN Mauritius Investments Ltd. 5.37%, 02/13/2022(6)

    476,751  
    435,000    

Nokia Oyj 4.38%, 06/12/2027

    467,629  
    960,000    

Oztel Holdings SPC Ltd. 5.63%, 10/24/2023(6)

    957,024  
    3,253,000    

Sprint Corp. 7.13%, 06/15/2024

    3,741,601  
    12,555,000    

Sprint Spectrum Co. LLC / Sprint Spectrum Co. II LLC / Sprint Spectrum Co. III LLC 5.15%, 09/20/2029(5)

    14,629,212  
 

T-Mobile USA, Inc.

 
    2,160,000    

2.05%, 02/15/2028(5)

    2,192,400  
    4,495,000    

2.25%, 11/15/2031(5)

    4,439,846  
    8,920,000    

3.30%, 02/15/2051(5)

    8,593,885  
    15,175,000    

3.88%, 04/15/2030(5)

    17,046,988  
    13,135,000    

4.38%, 04/15/2040(5)

    15,191,153  
    3,215,000    

4.50%, 04/15/2050(5)

    3,738,515  
    2,000,000    

Telecom Argentina S.A. 8.00%, 07/18/2026(6)

    1,650,000  
    670,000    

Telecom Italia Capital S.A. 7.20%, 07/18/2036

    845,306  
    570,000    

Telecom Italia S.p.A. 5.30%, 05/30/2024(5)

    616,712  
    500,000    

Telefonica Celular del Paraguay S.A. 5.88%, 04/15/2027(5)

    532,250  
 

Telefonica Emisiones S.A.

 
    4,060,000    

4.67%, 03/06/2038

    4,653,228  
    6,145,000    

4.90%, 03/06/2048

    7,020,599  
    12,290,000    

5.21%, 03/08/2047

    14,523,868  
    945,000    

Tower Bersama Infrastructure Tbk PT 4.25%, 01/21/2025(6)

    949,479  
    485,000    

Turkcell Iletisim Hizmetleri AS 5.75%, 10/15/2025(5)

    481,498  
    1,955,000    

VEON Holdings B.V. 4.00%, 04/09/2025(6)

    2,039,300  
 

Verizon Communications, Inc.

 
    10,683,000    

2.99%, 10/30/2056(5)

    10,820,631  
    9,585,000    

4.13%, 08/15/2046

    11,595,032  
    17,585,000    

4.50%, 08/10/2033

    21,853,471  
    16,733,000    

4.52%, 09/15/2048

    21,512,755  
    4,790,000    

4.81%, 03/15/2039

    6,220,338  
    2,675,000    

Vmed UK Financing plc 4.25%, 01/31/2031(5)

    2,675,000  
 

Vodafone Group plc

 
    20,015,000    

3.75%, 01/16/2024

    21,848,174  
    6,500,000    

4.13%, 05/30/2025

    7,395,054  
    5,785,000    

4.25%, 09/17/2050

    6,664,455  
    6,355,000    

5.25%, 05/30/2048

    8,229,681  
    2,005,000    

VTR Comunicaciones S.p.A. 5.13%, 01/15/2028(5)

    2,120,288  
     

 

 

 
        402,530,752  
     

 

 

 
          Toys/Games/Hobbies - 0.0%  
    445,000    

Hasbro, Inc. 3.55%, 11/19/2026

    479,139  
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 46.5% - (continued)  
          Toys/Games/Hobbies - 0.0% - (continued)  
   

Mattel, Inc.

 
$     1,040,000    

5.88%, 12/15/2027(5)

  $ 1,130,168  
    2,570,000    

6.75%, 12/31/2025(5)

    2,702,998  
     

 

 

 
        4,312,305  
     

 

 

 
          Transportation - 0.8%  
    8,215,000    

Burlington Northern Santa Fe LLC 4.55%, 09/01/2044

    10,492,852  
 

CSX Corp.

 
    1,000,000    

4.50%, 03/15/2049

    1,277,574  
    1,000,000    

4.75%, 05/30/2042

    1,264,409  
    565,000    

6.00%, 10/01/2036

    787,495  
   

FedEx Corp.

 
    4,925,000    

3.80%, 05/15/2025

    5,540,868  
    14,865,000    

4.05%, 02/15/2048

    17,160,156  
    4,000,000    

4.10%, 02/01/2045

    4,531,008  
    5,750,000    

4.25%, 05/15/2030

    6,904,921  
    4,730,000    

5.25%, 05/15/2050

    6,365,975  
    600,000    

Lima Metro Line 2 Finance Ltd. 4.35%, 04/05/2036(5)

    656,100  
    3,734,000    

Norfolk Southern Corp. 4.65%, 01/15/2046

    4,784,471  
   

Penske Truck Leasing Co. L.P. / PTL Finance Corp.

 
    4,520,000    

3.45%, 07/01/2024(5)

    4,901,884  
    9,895,000    

4.88%, 07/11/2022(5)

    10,599,170  
   

Rumo Luxembourg S.a.r.l.

 
    465,000    

5.25%, 01/10/2028(5)

    487,087  
    566,000    

5.88%, 01/18/2025(5)

    592,183  
    800,000    

5.88%, 01/18/2025(6)

    837,008  
    320,000    

7.38%, 02/09/2024(6)

    334,400  
   

Russian Railways Via RZD Capital plc

 
    200,000    

4.38%, 03/01/2024(6)

    214,992  
    675,000    

5.70%, 04/05/2022(6)

    714,547  
   

Union Pacific Corp.

 
    2,132,000    

3.55%, 08/15/2039

    2,394,234  
    10,385,000    

3.84%, 03/20/2060

    11,737,625  
    7,475,000    

4.38%, 11/15/2065

    9,058,115  
    1,000,000    

Western Global Airlines LLC 10.38%, 08/15/2025(5)

    1,034,980  
     

 

 

 
        102,672,054  
     

 

 

 
          Trucking & Leasing - 0.0%  
 

Avolon Holdings Funding Ltd.

 
    690,000    

3.95%, 07/01/2024(5)

    676,552  
    285,000    

4.38%, 05/01/2026(5)

    276,421  
    1,895,000    

5.25%, 05/15/2024(5)

    1,934,989  
    200,000    

Fly Leasing Ltd. 6.38%, 10/15/2021(3)

    198,696  
     

 

 

 
        3,086,658  
     

 

 

 
          Water - 0.1%  
 

American Water Capital Corp.

 
    3,760,000    

2.80%, 05/01/2030

    4,099,164  
    3,365,000    

3.45%, 05/01/2050

    3,815,485  
    1,195,000    

3.75%, 09/01/2047

    1,391,963  
     

 

 

 
        9,306,612  
     

 

 

 
   

Total Corporate Bonds
(cost $5,816,353,853)

  $ 6,285,797,925  
     

 

 

 
FOREIGN GOVERNMENT OBLIGATIONS - 3.6%  
          Angola - 0.0%  
    1,110,000    

Angolan Government International Bond 9.38%, 05/08/2048(6)

  $ 847,818  
     

 

 

 
 

 

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

 

 

  46  

 


The Hartford Balanced Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
FOREIGN GOVERNMENT OBLIGATIONS - 3.6% - (continued)  
          Argentina - 0.3%  
 

Argentine Republic Government International Bond

 
$     22,765,922    

0.13%, 07/09/2030(9)

  $ 8,355,093  
    53,812,751    

0.13%, 07/09/2035(9)

    17,596,770  
    4,797,161    

0.13%, 01/09/2038(9)

    1,789,389  
    24,385,000    

0.13%, 07/09/2041(9)

    8,242,374  
    3,299,015    

1.00%, 07/09/2029

    1,352,596  
 

Provincia de Cordoba

 
    425,000    

7.13%, 06/10/2021(5)

    223,129  
    1,330,000    

7.13%, 08/01/2027(6)

    645,063  
    1,675,000    

7.45%, 09/01/2024(6)

    871,017  
     

 

 

 
        39,075,431  
     

 

 

 
          Armenia - 0.0%  
 

Republic of Armenia International Bond

 
    1,340,000    

3.95%, 09/26/2029(6)

    1,262,495  
    715,000    

7.15%, 03/26/2025(6)

    763,920  
     

 

 

 
        2,026,415  
     

 

 

 
          Azerbaijan - 0.1%  
 

Republic of Azerbaijan International Bond

 
    2,650,000    

3.50%, 09/01/2032(6)

    2,575,800  
    681,000    

3.50%, 09/01/2032(5)

    661,932  
    565,000    

5.13%, 09/01/2029(6)

    602,039  
 

Southern Gas Corridor CJSC

 
    1,394,000    

6.88%, 03/24/2026(5)

    1,586,966  
    3,210,000    

6.88%, 03/24/2026(6)

    3,654,347  
     

 

 

 
        9,081,084  
     

 

 

 
      Bermuda - 0.0%  
 

Bermuda Government International Bond

 

    475,000    

2.38%, 08/20/2030(5)

    487,469  
    325,000    

3.38%, 08/20/2050(5)

    339,625  
    1,525,000    

4.75%, 02/15/2029(5)

    1,830,762  
     

 

 

 
        2,657,856  
     

 

 

 
      Brazil - 0.1%  
 

Brazilian Government International Bond

 

    375,000    

2.88%, 06/06/2025

    379,316  
    2,990,000    

3.88%, 06/12/2030

    3,027,375  
    4,080,000    

4.75%, 01/14/2050

    3,998,400  
    9,014,000    

5.00%, 01/27/2045

    9,194,280  
    1,520,000    

5.63%, 02/21/2047

    1,668,200  
     

 

 

 
        18,267,571  
     

 

 

 
      Colombia - 0.3%  
 

Colombia Government International Bond

 

    9,260,000    

3.00%, 01/30/2030

    9,445,200  
    3,660,000    

3.13%, 04/15/2031

    3,756,990  
    1,350,000    

3.88%, 04/25/2027

    1,460,025  
    3,070,000    

4.13%, 05/15/2051

    3,212,755  
    2,120,000    

4.50%, 03/15/2029

    2,378,937  
    13,070,000    

5.00%, 06/15/2045

    15,265,760  
     

 

 

 
        35,519,667  
     

 

 

 
      Croatia - 0.1%  
 

Croatia Government International Bond

 

EUR     5,075,000    

1.13%, 06/19/2029(6)

    6,046,543  
    2,725,000    

1.50%, 06/17/2031(6)

    3,336,322  
    1,890,000    

2.70%, 06/15/2028(6)

    2,520,361  
    182,000    

2.75%, 01/27/2030(6)

    247,216  
    1,550,000    

3.00%, 03/20/2027(6)

    2,068,371  
     

 

 

 
        14,218,813  
     

 

 

 
      Dominican Republic - 0.0%  
 

Dominican Republic International Bond

 

$     1,270,000    

4.88%, 09/23/2032(5)

    1,289,063  
    465,000    

5.88%, 01/30/2060(6)

    444,075  
Shares or Principal Amount   Market Value  
FOREIGN GOVERNMENT OBLIGATIONS - 3.6% - (continued)  
      Dominican Republic - 0.0% - (continued)  
$     424,000    

6.00%, 07/19/2028(6)

  $ 466,404  
    410,000    

6.40%, 06/05/2049(5)

    416,191  
    1,405,000    

6.40%, 06/05/2049(6)

    1,426,216  
    320,000    

6.50%, 02/15/2048(6)

    328,803  
     

 

 

 
        4,370,752  
     

 

 

 
      Ecuador - 0.0%  
 

Ecuador Government International Bond

 

    90,727    

0.00%, 07/31/2030(5)(11)

    41,282  
    263,655    

0.50%, 07/31/2030(5)(9)

    175,333  
    2,090,943    

0.50%, 07/31/2035(5)(9)

    1,142,178  
    316,665    

0.50%, 07/31/2040(5)(9)

    156,752  
     

 

 

 
        1,515,545  
     

 

 

 
      Egypt - 0.0%  
 

Egypt Government International Bond

 

EUR     240,000    

5.63%, 04/16/2030(6)

    259,167  
    250,000    

5.63%, 04/16/2030(5)

    269,966  
    145,000    

6.38%, 04/11/2031(6)

    161,359  
$     1,950,000    

7.05%, 01/15/2032(6)

    1,902,631  
    535,000    

7.63%, 05/29/2032(5)

    541,206  
    610,000    

7.90%, 02/21/2048(6)

    577,335  
     

 

 

 
        3,711,664  
     

 

 

 
      Ethiopia - 0.0%  
    1,543,000    

Ethiopia International Bond 6.63%, 12/11/2024(6)

    1,551,024  
     

 

 

 
      Gabon - 0.0%  
 

Gabon Government International Bond

 

    638,480    

6.38%, 12/12/2024(6)

    607,482  
    515,000    

6.63%, 02/06/2031(5)

    459,150  
    750,000    

6.63%, 02/06/2031(6)

    668,664  
    1,955,000    

6.95%, 06/16/2025(6)

    1,842,728  
     

 

 

 
    3,578,024  
     

 

 

 
      Guatemala - 0.0%  
    665,000    

Guatemala Government Bond 6.13%, 06/01/2050(5)

    819,287  
     

 

 

 
      Honduras - 0.0%  
    1,225,000    

Honduras Government International Bond 5.63%, 06/24/2030(5)

    1,350,562  
     

 

 

 
      Hungary - 0.1%  
 

Hungary Government International Bond

 

EUR     8,590,000    

1.63%, 04/28/2032(6)

    10,724,657  
$     3,252,000    

5.38%, 02/21/2023

    3,587,053  
     

 

 

 
    14,311,710  
     

 

 

 
      Indonesia - 0.2%  
 

Indonesia Government International Bond

 

    745,000    

4.35%, 01/11/2048

    861,082  
    735,000    

4.45%, 04/15/2070

    866,951  
    5,770,000    

4.63%, 04/15/2043(6)

    6,743,480  
    677,000    

4.75%, 01/08/2026(6)

    782,754  
    980,000    

4.75%, 07/18/2047(6)

    1,198,633  
    9,139,000    

5.13%, 01/15/2045(6)

    11,461,337  
    1,411,000    

5.25%, 01/08/2047(6)

    1,833,672  
 

Perusahaan Penerbit SBSN Indonesia III

 

    5,100,000    

4.15%, 03/29/2027(6)

    5,713,224  
    321,000    

4.15%, 03/29/2027(5)

    359,597  
    1,380,000    

4.45%, 02/20/2029(6)

    1,588,049  
     

 

 

 
    31,408,779  
     

 

 

 
      Ivory Coast - 0.0%  
 

Ivory Coast Government International Bond

 

EUR     356,000    

5.25%, 03/22/2030(5)

    399,540  
    250,000    

5.25%, 03/22/2030(6)

    280,576  
 

 

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

 

 

  47  

 


The Hartford Balanced Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
FOREIGN GOVERNMENT OBLIGATIONS - 3.6% - (continued)  
      Ivory Coast - 0.0% - (continued)  
EUR     275,000    

5.88%, 10/17/2031(6)

  $ 313,140  
    295,000    

6.63%, 03/22/2048(6)

    322,191  
    920,000    

6.88%, 10/17/2040(6)

    1,043,405  
     

 

 

 
    2,358,852  
     

 

 

 
      Jordan - 0.1%  
 

Jordan Government International Bond

 

$     1,235,000    

4.95%, 07/07/2025(5)

    1,255,548  
    1,400,000    

5.75%, 01/31/2027(6)

    1,442,498  
    1,235,000    

5.85%, 07/07/2030(5)

    1,242,822  
    2,425,000    

6.13%, 01/29/2026(6)

    2,546,941  
    492,000    

7.38%, 10/10/2047(6)

    507,932  
     

 

 

 
    6,995,741  
     

 

 

 
      Macedonia - 0.1%  
EUR     3,465,000    

Former Yugoslav Republic of Macedonia 3.98%, 07/24/2021(6)

    4,116,223  
 

North Macedonia Government International Bond

 

    200,000    

2.75%, 01/18/2025(6)

    240,500  
    2,045,000    

3.68%, 06/03/2026(5)

    2,588,608  
     

 

 

 
    6,945,331  
     

 

 

 
      Mexico - 0.5%  
 

Mexico Government International Bond

 

$     1,775,000    

3.25%, 04/16/2030

    1,834,072  
    200,000    

4.35%, 01/15/2047

    210,002  
    31,148,000    

4.50%, 01/31/2050

    33,601,217  
    577,000    

4.60%, 01/23/2046

    627,239  
    9,970,000    

4.75%, 04/27/2032

    11,405,680  
    72,000    

4.75%, 03/08/2044

    79,561  
    16,590,000    

5.00%, 04/27/2051

    18,937,485  
     

 

 

 
        66,695,256  
 

 

 

 
      Mongolia - 0.0%  
 

Mongolia Government International Bond

 
    1,409,000    

5.13%, 12/05/2022(6)

    1,444,218  
    756,000    

5.13%, 04/07/2026(3)(5)

    778,571  
     

 

 

 
        2,222,789  
 

 

 

 
      Morocco - 0.0%  
EUR     3,010,000    

Morocco Government International Bond 1.50%, 11/27/2031(6)

    3,245,636  
     

 

 

 
      Panama - 0.2%  
 

Panama Government International Bond

 
$     2,950,000    

3.16%, 01/23/2030

    3,219,217  
    2,695,000    

4.30%, 04/29/2053

    3,254,239  
    410,000    

4.50%, 04/16/2050

    505,842  
    6,150,000    

4.50%, 04/01/2056

    7,564,500  
    4,365,000    

Panama Notas del Tesoro 3.75%, 04/17/2026(5)

    4,715,946  
     

 

 

 
        19,259,744  
 

 

 

 
      Paraguay - 0.0%  
 

Paraguay Government International Bond

 
    410,000    

4.70%, 03/27/2027(6)

    462,894  
    380,000    

5.60%, 03/13/2048(3)(5)

    467,784  
    695,000    

5.60%, 03/13/2048(6)

    855,552  
    945,000    

6.10%, 08/11/2044(6)

    1,220,940  
     

 

 

 
        3,007,170  
 

 

 

 
      Philippines - 0.1%  
 

Philippine Government International Bond

 
    1,820,000    

3.70%, 03/01/2041

    2,082,972  
    7,645,000    

3.95%, 01/20/2040

    8,985,802  
     

 

 

 
        11,068,774  
 

 

 

 
Shares or Principal Amount   Market Value  
FOREIGN GOVERNMENT OBLIGATIONS - 3.6% - (continued)  
      Romania - 0.1%  
   

Romanian Government International Bond

 
EUR     765,000    

2.00%, 12/08/2026(6)

  $ 932,921  
    445,000    

2.00%, 01/28/2032(5)

    518,246  
    350,000    

2.00%, 01/28/2032(6)

    407,609  
    2,235,000    

2.12%, 07/16/2031(5)

    2,635,530  
    2,224,000    

2.12%, 07/16/2031(6)

    2,622,559  
    1,400,000    

3.38%, 02/08/2038(6)

    1,761,179  
    740,000    

3.62%, 05/26/2030(5)

    988,015  
    3,072,000    

3.88%, 10/29/2035(6)

    4,150,254  
$     316,000    

4.00%, 02/14/2051(5)

    321,929  
     

 

 

 
        14,338,242  
 

 

 

 
      Russia - 0.4%  
   

Russian Federal Bond - OFZ

 
RUB     29,740,000    

6.90%, 05/23/2029

    397,758  
    78,180,000    

7.65%, 04/10/2030

    1,093,622  
    65,100,000    

7.70%, 03/23/2033

    913,692  
    175,030,000    

7.95%, 10/07/2026

    2,471,424  
    10,380,000    

8.50%, 09/17/2031

    153,405  
   

Russian Foreign Bond - Eurobond

 
$     3,800,000    

4.25%, 06/23/2027(6)

    4,266,974  
    1,000,000    

4.25%, 06/23/2027(5)

    1,122,888  
    5,200,000    

4.38%, 03/21/2029(6)

    5,937,433  
    3,400,000    

4.38%, 03/21/2029(5)

    3,882,168  
    800,000    

4.75%, 05/27/2026(6)

    914,000  
    9,400,000    

5.10%, 03/28/2035(6)

    11,421,000  
    7,400,000    

5.25%, 06/23/2047(6)

    9,708,415  
    2,800,000    

5.63%, 04/04/2042(6)

    3,678,399  
   

 

 

 
        45,961,178  
 

 

 

 
      Saudi Arabia - 0.0%  
 

Saudi Government International Bond

 

    450,000    

2.90%, 10/22/2025(5)

    480,772  
    2,630,000    

3.25%, 10/26/2026(6)

    2,865,648  
   

 

 

 
        3,346,420  
 

 

 

 
      Senegal - 0.1%  
 

Senegal Government International Bond

 

    965,000    

6.25%, 05/23/2033(6)

    981,405  
    2,990,000    

6.75%, 03/13/2048(6)

    2,920,333  
    218,000    

6.75%, 03/13/2048(5)

    212,920  
    1,460,000    

8.75%, 05/13/2021(6)

    1,503,917  
   

 

 

 
        5,618,575  
 

 

 

 
      Serbia - 0.1%  
 

Serbia International Bond

 

EUR     586,000    

1.50%, 06/26/2029(5)

    665,259  
    3,020,000    

1.50%, 06/26/2029(6)

    3,428,468  
    2,266,000    

3.13%, 05/15/2027(5)

    2,867,564  
    2,005,000    

3.13%, 05/15/2027(6)

    2,537,275  
   

 

 

 
        9,498,566  
 

 

 

 
          South Africa - 0.1%      
$     6,975,000    

Republic of South Africa Government International Bond 5.75%, 09/30/2049

    6,281,545  
     

 

 

 
      Supranational - 0.0%  
 

International Finance Corp.

 

MXN     154,000,000    

0.00%, 02/22/2038(11)

    2,109,092  
IDR     25,000,000,000    

8.00%, 10/09/2023

    1,845,641  
   

 

 

 
        3,954,733  
 

 

 

 
      Tunisia - 0.0%  
 

Banque Centrale de Tunisie International Bond

 

EUR     100,000    

5.63%, 02/17/2024(6)

    99,773  
$     1,670,000    

5.75%, 01/30/2025(6)

    1,406,314  
EUR     863,000    

6.38%, 07/15/2026(6)

    854,329  
 

 

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

 

 

  48  

 


The Hartford Balanced Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
FOREIGN GOVERNMENT OBLIGATIONS - 3.6% - (continued)  
      Tunisia - 0.0% - (continued)  
EUR     100,000    

6.75%, 10/31/2023(6)

  $ 103,710  
   

 

 

 
        2,464,126  
 

 

 

 
      Turkey - 0.4%  
 

Turkey Government International Bond

 

$     450,000    

3.25%, 03/23/2023

    424,600  
    12,060,000    

4.88%, 10/09/2026

    10,880,291  
    8,600,000    

4.88%, 04/16/2043

    6,267,250  
    7,315,000    

5.13%, 02/17/2028

    6,496,598  
    20,080,000    

5.75%, 05/11/2047

    15,540,314  
    5,775,000    

6.00%, 03/25/2027

    5,447,846  
    9,855,000    

6.00%, 01/14/2041

    7,982,550  
   

 

 

 
        53,039,449  
 

 

 

 
      Ukraine - 0.2%  
 

Ukraine Government International Bond

 

    4,355,000    

7.25%, 03/15/2033(5)

    4,088,283  
    4,330,000    

7.38%, 09/25/2032(6)

    4,147,447  
    4,500,000    

7.75%, 09/01/2022(6)

    4,686,930  
    1,250,000    

7.75%, 09/01/2026(6)

    1,263,125  
    620,000    

7.75%, 09/01/2026(5)

    626,510  
    9,825,000    

7.75%, 09/01/2027(6)

    9,886,406  
   

 

 

 
        24,698,701  
 

 

 

 
      United Arab Emirates - 0.0%  
 

Abu Dhabi Government International Bond

 

    225,000    

3.13%, 09/30/2049(6)

    237,037  
    800,000    

4.13%, 10/11/2047(6)

    983,440  
    1,130,000    

Emirate of Dubai Government International Bonds 3.90%, 09/09/2050(6)

    1,058,494  
     

 

 

 
        2,278,971  
     

 

 

 
          Venezuela - 0.0%  
   

Venezuela Government International Bond

 

    345,000    

6.00%, 12/09/2020(12)

    31,568  
    1,015,000    

7.00%, 12/01/2018(12)

    92,873  
    3,170,000    

7.00%, 03/31/2038(12)

    290,055  
    4,085,000    

7.65%, 04/21/2025(12)

    373,778  
    4,765,000    

7.75%, 10/13/2019(12)

    435,997  
    11,205,000    

8.25%, 10/13/2024(12)

    1,025,257  
    11,937,200    

9.00%, 05/07/2023(12)

    1,092,254  
    12,825,000    

9.25%, 05/07/2028(12)

    1,173,487  
     

 

 

 
        4,515,269  
     

 

 

 
   

Total Foreign Government Obligations
(cost $492,437,037)

  $ 482,107,070  
     

 

 

 
MUNICIPAL BONDS - 0.2%  
          General Obligation - 0.0%  
    65,000    

California State, GO Taxable 7.55%, 04/01/2039(3)

  $ 111,664  
    850,000    

State of Connecticut, GO 3.00%, 07/01/2021

    863,931  
     

 

 

 
        975,595  
     

 

 

 
          Higher Education - 0.1%  
    12,000,000    

Rutgers The State University of New Jersey 3.92%, 05/01/2119

    12,818,640  
    5,660,000    

University of California 1.32%, 05/15/2027

    5,653,491  
     

 

 

 
        18,472,131  
     

 

 

 
          Transportation - 0.1%  
    5,015,000    

New York State Thruway Auth Rev 2.90%, 01/01/2035

    5,334,405  
Shares or Principal Amount   Market Value  
MUNICIPAL BONDS - 0.2% - (continued)  
          Transportation - 0.1% - (continued)  
$     1,510,000    

Port Auth of New York & New Jersey Rev 4.46%, 10/01/2062(3)

  $ 1,858,538  
     

 

 

 
        7,192,943  
     

 

 

 
   

Total Municipal Bonds
(cost $25,405,607)

  $ 26,640,669  
     

 

 

 
SENIOR FLOATING RATE INTERESTS - 0.1%(13)  
          Auto Parts & Equipment - 0.0%  
    1,550,568    

Panther BF Aggregator 2 3.65%, 04/30/2026, 3 mo. USD LIBOR + 3.500%

  $ 1,503,663  
     

 

 

 
          Chemicals - 0.0%  
    836,350    

Diamond (BC) B.V. 3.21%, 09/06/2024, 3 mo. USD LIBOR + 3.000%

    798,714  
     

 

 

 
          Food - 0.0%  
    125,000    

Froneri U.S., Inc. 5.75%, 01/31/2028, 1 mo. USD LIBOR + 5.750%

    123,281  
     

 

 

 
          Insurance - 0.0%  
    2,758,862    

Asurion LLC 3.15%, 11/03/2024, 1 mo. USD LIBOR + 3.000%

    2,704,181  
    1,666,638    

Hub International Ltd. 3.22%, 04/25/2025, 1 mo. USD LIBOR + 3.000%

    1,600,456  
     

 

 

 
        4,304,637  
     

 

 

 
          Software - 0.1%  
    4,437,700    

Dun & Bradstreet Corp. 3.91%, 02/06/2026, 1 mo. USD LIBOR + 4.000%

    4,364,656  
     

 

 

 
   

Total Senior Floating Rate Interests
(cost $11,277,149)

  $ 11,094,951  
     

 

 

 
U.S. GOVERNMENT SECURITIES - 0.7%  
          U.S. Treasury Bonds - 0.2%  
    4,055,000    

1.13%, 08/15/2040

  $ 3,857,319  
    5,890,000    

4.25%, 11/15/2040(14)

    8,909,775  
    5,800,000    

4.38%, 02/15/2038(15)

    8,704,078  
     

 

 

 
        21,471,172  
     

 

 

 
          U.S. Treasury Notes - 0.5%  
    38,355,000    

0.13%, 07/15/2023

    38,292,074  
    27,025,000    

0.25%, 09/30/2025

    26,860,317  
    1,500,000    

2.38%, 03/15/2022

    1,545,703  
     

 

 

 
    66,698,094  
     

 

 

 
   

Total U.S. Government Securities
(cost $84,678,999)

  $ 88,169,266  
     

 

 

 
CONVERTIBLE BONDS - 0.1%  
          Engineering & Construction - 0.0%  
EUR     900,000    

Cellnex Telecom S.A. 1.50%, 01/16/2026(6)

  $ 1,916,585  
     

 

 

 
          Entertainment - 0.0%  
$     1,723,000    

Cinemark Holdings, Inc. 4.50%, 08/15/2025(5)

    1,487,225  
     

 

 

 
          Healthcare-Products - 0.0%  
    1,105,000    

Integra LifeSciences Holdings Corp. 0.50%, 08/15/2025(5)

    1,008,313  
    2,350,000    

NuVasive, Inc. 0.38%, 03/15/2025(5)

    2,015,125  
     

 

 

 
    3,023,438  
     

 

 

 
          Machinery-Diversified - 0.0%  
    1,160,000    

Middleby Corp. 1.00%, 09/01/2025(5)

    1,190,450  
     

 

 

 
          Media - 0.0%  
    2,130,000    

Scripps Escrow, Inc. 5.88%, 07/15/2027(5)

    2,071,425  
     

 

 

 
 

 

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

 

 

  49  

 


The Hartford Balanced Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CONVERTIBLE BONDS - 0.1% - (continued)  
          Oil & Gas - 0.0%  
$     1,825,000    

Pioneer Natural Resources Co. 0.25%, 05/15/2025(5)

  $ 1,944,324  
     

 

 

 
          Semiconductors - 0.0%  
    980,000    

Microchip Technology, Inc. 2.25%, 02/15/2037

    1,490,140  
     

 

 

 
          Software - 0.1%  
    2,226,000    

Western Digital Corp. 1.50%, 02/01/2024

    2,124,567  
    1,580,000    

Workday, Inc. 0.25%, 10/01/2022

    2,375,321  
     

 

 

 
    4,499,888  
     

 

 

 
   

Total Convertible Bonds
(cost $17,179,235)

  $ 17,623,475  
     

 

 

 
   

Total Long-Term Investments
(cost $11,639,227,279)

  $ 12,701,190,430  
     

 

 

 
SHORT-TERM INVESTMENTS - 3.8%  
          Repurchase Agreements - 3.7%  
    493,001,479    

Fixed Income Clearing Corp. Repurchase Agreement dated 10/30/2020 at 0.060%, due on 11/02/2020 with a maturity value of $493,003,944; collateralized by U.S. Treasury Note at 3.125%, maturing 11/15/2028, with a market value of $340,437,050 and U.S. Treasury Note at 0.125%, maturing 01/15/2030, with a market value of $162,424,562

  $ 493,001,479  
     

 

 

 
          Securities Lending Collateral - 0.1%  
    18,681,279    

Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 0.02%(16)

    18,681,279  
    18,854    

Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 0.03%(16)

    18,854  
     

 

 

 
        18,700,133  
     

 

 

 
   

Total Short-Term Investments
(cost $511,701,612)

  $ 511,701,612  
     

 

 

 
   

Total Investments
(cost $12,150,928,891)

    97.8    $ 13,212,892,042  
   

Other Assets and Liabilities

    2.2      301,488,193  
     

 

 

    

 

 

 
   

Total Net Assets

    100.0    $ 13,514,380,235  
     

 

 

    

 

 

 

 

Note:

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

 

    

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

 

    

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

 

    

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

 

    

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

    

See “Glossary” for abbreviation descriptions.

*

Non-income producing.

 

(1) 

This security is valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At October 31, 2020, the aggregate fair value of this security was $30,276, which represented 0.0% of total net assets. This amount excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors.

 

(2) 

Investment valued using significant unobservable inputs.

 

(3) 

Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information.

 

(4) 

Variable rate securities; the rate reported is the coupon rate in effect at October 31, 2020. Base lending rates may be subject to a floor or cap.

 

(5) 

Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions that are exempt from registration (typically only to qualified institutional buyers) or in a public offering registered under the Securities Act of 1933. At October 31, 2020, the aggregate value of these securities was $1,413,900,572, representing 10.5% of net assets.

 

(6) 

Security is exempt from registration under Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. At October 31, 2020, the aggregate value of these securities was $258,081,394, representing 1.9% of net assets.

 

(7) 

Fixed to variable rate investment. The rate shown reflects the fixed rate in effect at October 31, 2020. Rate will reset at a future date. Base lending rates may be subject to a floor or cap.

 

(8) 

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

 

(9) 

Security is a “step-up” bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate.

 

(10) 

Security has the ability to pay in kind (“PIK”) or pay income in cash. When applicable, separate rates of such payments are disclosed.

 

(11) 

Security is a zero-coupon bond.

 

(12) 

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

 

(13) 

Senior floating rate interests generally pay interest rates which are periodically adjusted by reference to a base short-term, floating lending rate plus a premium. The base lending rates are primarily the LIBOR, and secondarily the prime rate offered by one or more major United States banks (the “Prime Rate”) and the certificate of deposit rate or other base lending rates used by commercial lenders. Senior floating rate interests often require prepayments from excess cash flows or permit the borrower to repay at its election. The rate at which the borrower repays cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. Base lending rates may be subject to a floor or cap. Unless otherwise noted, the interest rate disclosed for these securities represents the rate in effect as of October 31, 2020.

 

(14) 

All, or a portion of the security, was pledged as collateral in connection with futures contracts. As of October 31, 2020, the market value of securities pledged was $775,254.

 

(15) 

All, or a portion of the security, was pledged as collateral in connection with centrally cleared swap contracts. As of October 31, 2020, the market value of securities pledged was $8,704,078.

 

    

Share amount represents shares of the issuer previously held that resulted in receipt of the escrow.

 

(16) 

Current yield as of period end.

 

 

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

 

 

  50  

 


The Hartford Balanced Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Futures Contracts Outstanding at October 31, 2020  

Description

   Number of
Contracts
     Expiration
Date
     Current
Notional
Amount
     Value and
Unrealized
Appreciation/
(Depreciation)
 
Long position contracts:  

U.S. Treasury 5-Year Note Future

     4,729        12/31/2020      $     593,969,792      $ (921,371

U.S. Treasury Long Bond Future

     495        12/21/2020        85,372,031        (1,813,468
           

 

 

 

Total

 

   $ (2,734,839
           

 

 

 
Short position contracts:  

Euro-BOBL Future

     27        12/08/2020      $ 4,272,507      $ (15,180

Euro-BUND Future

     246        12/08/2020        50,467,665        (549,668

Euro BUXL 30-Year Bond Future

     10        12/08/2020        2,664,254        (105,947

U.S. Treasury 2-Year Note Future

     9        12/31/2020        1,987,594        195  

U.S. Treasury 10-Year Note Future

     4,561        12/21/2020        630,415,719        3,645,168  

U.S. Treasury 10-Year Ultra Future

     532        12/21/2020        83,673,625        939,078  

U.S. Treasury Ultra Bond Future

     66        12/21/2020        14,190,000        204,879  
           

 

 

 

Total

 

   $ 4,118,525  
           

 

 

 

Total futures contracts

 

   $     1,383,686  
           

 

 

 

 

OTC Credit Default Swap Contracts Outstanding at October 31, 2020  

Reference Entity

   Counterparty    Notional
Amount (a)
     (Pay)/Receive
Fixed Rate
   Expiration
Date
     Periodic
Payment
Frequency
     Upfront
Premiums
Paid
     Upfront
Premiums
Received
    Market
Value
    Unrealized
Appreciation/
(Depreciation)
 
Credit default swaps on indices:  
Sell protection:  

CDX.NA.HY.34.V1

   GSC      USD        3,495,000      5.00%      06/20/2025        Quarterly      $ 272,856      $     $ 301,144     $ 28,288  

CDX.NA.HY.34.V1

   GSC      USD        1,685,000      5.00%      06/20/2025        Quarterly        131,549              145,187       13,638  
                    

 

 

    

 

 

   

 

 

   

 

 

 

Total

         $ 404,405      $     $ 446,331     $ 41,926  
                    

 

 

    

 

 

   

 

 

   

 

 

 
Credit default swaps on single-name issues:  
Buy protection:  

Deutsche Bank AG

   MSC      EUR        5,400,000      (1.00%)      06/20/2024        Quarterly      $ 187,001      $     $ 26,463     $ (160,538

Deutsche Bank AG

   CBK      EUR        9,000,000      (1.00%)      06/20/2024        Quarterly        318,476              44,105       (274,371

Deutsche Bank AG

   HSBC      EUR        5,600,000      (1.00%)      06/20/2024        Quarterly        639,121              296,468       (342,653

Realogy Group LLC

   JPM      USD        760,000      (5.00%)      12/20/2024        Quarterly               (33,230     (26,571     6,659  
                    

 

 

    

 

 

   

 

 

   

 

 

 

Total

         $ 1,144,598      $ (33,230   $ 340,465     $ (770,903
                    

 

 

    

 

 

   

 

 

   

 

 

 

Total OTC credit default swap contracts

 

   $     1,549,003      $     (33,230   $     786,796     $     (728,977
  

 

 

    

 

 

   

 

 

   

 

 

 

 

(a) 

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

 

Centrally Cleared Credit Default Swap Contracts Outstanding at October 31, 2020  

Reference Entity

   Notional
Amount (a)
    (Pay)/Receive
Fixed Rate
    Expiration
Date
     Periodic
Payment
Frequency
     Upfront
Premiums
Paid
(Received)
     Value      Unrealized
Appreciation/
(Depreciation)
 
Credit default swaps on indices:  
Buy protection:  

CDX.EM.34.V1

   USD      17,080,000       (1.00 %)      12/20/2025        Quarterly      $ 1,081,476      $ 939,717      $ (141,759
               

 

 

    

 

 

    

 

 

 
Credit default swaps on indices:  
Sell protection:  

CDX.NA.HY.33.V12

   USD      65,116,850       5.00     12/20/2024        Quarterly      $ 1,544,694      $ 3,534,043      $ 1,989,349  

CDX.NA.HY.35.V1

   USD      2,000,000       5.00     12/20/2025        Quarterly        66,202        79,798        13,596  
               

 

 

    

 

 

    

 

 

 

Total

 

        $     1,610,896      $     3,613,841      $     2,002,945  
               

 

 

    

 

 

    

 

 

 

 

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

 

 

  51  

 


The Hartford Balanced Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Centrally Cleared Credit Default Swap Contracts Outstanding at October 31, 2020 – (continued)  

Reference Entity

   Notional
Amount (a)
    (Pay)/Receive
Fixed Rate
    Expiration
Date
   Periodic
Payment
Frequency
     Upfront
Premiums
Paid
(Received)
     Value      Unrealized
Appreciation/
(Depreciation)
 
Credit default swaps on single-name issues:  
Buy protection:  

Republic of Turkey

   USD      1,025,000       (1.00 %)    12/20/2025      Quarterly      $ 183,860      $ 200,553      $ 16,693  

United Mexican States

   USD      12,955,000       (1.00 %)    12/20/2025      Quarterly        205,384        161,812        (43,572
               

 

 

    

 

 

    

 

 

 

Total

 

   $ 389,244      $ 362,365      $ (26,879
               

 

 

    

 

 

    

 

 

 

Total centrally cleared credit default swap contracts

 

   $     3,081,616      $     4,915,923      $     1,834,307  
               

 

 

    

 

 

    

 

 

 

 

(a) 

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

 

Foreign Currency Contracts Outstanding at October 31, 2020  
Amount and Description of
Currency to be Purchased
   Amount and Description of
Currency to be Sold
   Counterparty    Settlement
Date
    Appreciation     Depreciation  
  1,470,000      AUD      1,050,443      USD    BNP      12/16/2020     $     $ (16,916
  1,325,000      AUD      949,045      USD    UBS      12/16/2020             (17,464
  10,205,000      BRL      1,816,903      USD    UBS      12/02/2020             (41,121
  1,310,000      CAD      983,137      USD    CIBC      12/16/2020       371        
  1,270,000      CAD      958,221      USD    GSC      12/16/2020             (4,744
  1,490,500,000      CLP      1,928,950      USD    HSBC      12/16/2020             (1,665
  6,861,529,000      COP      1,839,010      USD    HSBC      12/16/2020             (69,928
  44,280,000      CZK      1,972,427      USD    JPM      12/16/2020             (78,228
  297,000      EUR      346,145      USD    SSG      12/16/2020       154       (2
  434,000      EUR      510,260      USD    BCLY      12/16/2020             (4,223
  1,145,000      EUR      1,342,642      USD    GSC      12/16/2020             (7,589
  693,000      EUR      818,621      USD    JPM      12/16/2020             (10,593
  588,800,000      HUF      1,928,090      USD    JPM      12/16/2020             (59,745
  1,189,000,000      IDR      79,740      USD    JPM      12/16/2020       1,203        
  142,590,000      INR      1,920,482      USD    BNP      12/16/2020             (4,494
  2,283,240,000      KRW      1,924,300      USD    BCLY      12/16/2020       87,909        
  1,535,000      NZD      1,016,175      USD    SSG      12/16/2020             (1,194
  1,430,000      NZD      950,986      USD    JPM      12/16/2020             (5,434
  148,680,000      RUB      1,927,905      USD    JPM      12/16/2020             (65,928
  2,635,000      SGD      1,927,226      USD    JPM      12/16/2020       1,878        
  59,740,000      THB      1,894,553      USD    SCB      12/16/2020       21,747        
  1,978,665      USD      2,715,000      AUD    BNP      12/16/2020       69,804        
  2,861,302      USD      4,055,000      AUD    JPM      12/16/2020       10,314        
  1,998,145      USD      2,610,000      CAD    BNP      12/16/2020       38,638        
  2,810,480      USD      3,760,000      CAD    SSG      12/16/2020             (12,413
  12,910,442      USD      10,896,000      EUR    CBK      11/30/2020       212,024        
  63,431,011      USD      53,591,000      EUR    HSBC      12/16/2020       944,792       (92
  2,217,306      USD      1,878,000      EUR    MSC      12/16/2020       27,587        
  2,614,611      USD      2,225,000      EUR    JPM      12/16/2020       20,294        
  2,437,751      USD      2,074,000      EUR    CBK      12/16/2020       19,498        
  984,301      USD      830,000      EUR    UBS      12/16/2020       16,533        
  776,224      USD      656,000      EUR    SSG      12/16/2020       11,337        
  20,844      USD      16,000      GBP    BCLY      11/30/2020       112        
  289,518      USD      6,324,000      MXN    CBK      12/16/2020             (7,071
  1,964,196      USD      2,925,000      NZD    BNP      12/16/2020       30,112        
  2,840,652      USD      4,340,000      NZD    JPM      12/16/2020             (29,066
  5,403,495      USD      414,548,000      RUB    HSBC      12/16/2020       211,950        
                

 

 

   

 

 

 
 

Total Foreign Currency Contracts

    $     1,726,257     $     (437,910
 

 

 

   

 

 

 

 

 

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

 

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

 

 

  52  

 


The Hartford Balanced Income Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Fair Value Summary

The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.

 

Description

   Total     Level 1     Level 2     Level 3(1)  

Assets

 

Common Stocks

 

Banks

   $ 452,688,043     $ 452,688,043     $     $  

Capital Goods

     774,386,607       774,386,607              

Consumer Durables & Apparel

     64,874,544       64,874,544              

Consumer Services

     84,904,497       84,904,497              

Diversified Financials

     259,924,901       259,924,901              

Energy

     176,539,980       176,509,704             30,276  

Food, Beverage & Tobacco

     577,981,886       550,680,812       27,301,074        

Health Care Equipment & Services

     258,322,367       258,322,367              

Household & Personal Products

     204,978,435       204,978,435              

Insurance

     398,644,514       398,644,514              

Materials

     72,013,409       65,454,217       6,559,192        

Media & Entertainment

     182,483,770       182,483,770              

Pharmaceuticals, Biotechnology & Life Sciences

     707,569,890       586,113,426       121,456,464        

Real Estate

     174,968,992       174,968,992              

Retailing

     63,574,863       63,574,863              

Semiconductors & Semiconductor Equipment

     146,932,706       146,932,706              

Software & Services

     73,679,020       73,679,020              

Technology Hardware & Equipment

     259,753,715       259,753,715              

Telecommunication Services

     200,281,321       200,281,321              

Transportation

     115,673,707       115,673,707              

Utilities

     538,820,577       538,820,577              

Preferred Stocks

     759,330       759,330              

Corporate Bonds

     6,285,797,925             6,285,797,925        

Foreign Government Obligations

     482,107,070             482,107,070        

Municipal Bonds

     26,640,669             26,640,669        

Senior Floating Rate Interests

     11,094,951             11,094,951        

U.S. Government Securities

     88,169,266             88,169,266        

Convertible Bonds

     17,623,475             17,623,475        

Short-Term Investments

     511,701,612       18,700,133       493,001,479        

Foreign Currency Contracts(2)

     1,726,257             1,726,257        

Futures Contracts(2)

     4,789,320       4,789,320              

Swaps - Credit Default(2)

     2,068,223             2,068,223        
  

 

 

   

 

 

   

 

 

   

 

 

 

Total

   $     13,221,475,842     $     5,657,899,521     $     7,563,546,045     $     30,276  
  

 

 

   

 

 

   

 

 

   

 

 

 

Liabilities

 

Foreign Currency Contracts(2)

   $ (437,910   $     $ (437,910   $  

Futures Contracts(2)

     (3,405,634     (3,405,634            

Swaps - Credit Default(2)

     (962,893           (962,893      
  

 

 

   

 

 

   

 

 

   

 

 

 

Total

   $ (4,806,437   $ (3,405,634   $ (1,400,803   $  
  

 

 

   

 

 

   

 

 

   

 

 

 

 

(1) 

For the year ended October 31, 2020, there were no transfers in and out of Level 3.

 

(2) 

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

 

(3) 

Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for year ended October 31, 2020 is not presented.

 

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

 

 

  53  

 


Hartford AARP Balanced Retirement Fund

Schedule of Investments

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 10.3%  
          Asset-Backed - Finance & Insurance - 4.6%  
 

AMMC CLO Ltd.

 

$     250,000    

1.83%, 05/26/2031, 3 mo. USD LIBOR + 1.600%(1)(2)

  $ 240,636  
    250,000    

2.04%, 10/16/2028, 3 mo. USD LIBOR + 1.800%(1)(2)

    244,855  
 

Bain Capital Credit CLO Ltd.

 

    250,000    

2.79%, 01/15/2029, 3 mo. USD LIBOR + 2.550%(1)(2)

    242,497  
    250,000    

2.83%, 10/23/2032, 3 mo. USD LIBOR + 2.600%(1)(2)

    248,340  
    65,000    

Bank 2.34%, 03/15/2063

    65,694  
    40,000    

BFLD Trust 2.20%, 11/15/2022, 1 mo. USD LIBOR + 2.050%(1)(2)

    40,000  
    250,000    

Carlyle Global Market Strategies CLO Ltd. 2.02%, 04/17/2031, 3 mo. USD LIBOR + 1.800%(1)(2)

    233,117  
    250,000    

CIFC Funding Ltd. 2.66%, 04/23/2029, 3 mo. USD LIBOR + 2.450%(1)(2)

    243,136  
    200,000    

CSMC Trust 3.65%, 11/13/2039(1)(3)

    158,108  
   

Domino’s Pizza Master Issuer LLC

 

    48,500    

3.08%, 07/25/2047(1)

    48,758  
    146,625    

4.12%, 07/25/2048(1)

    154,877  
    250,000    

Dryden 80 CLO Ltd. 2.12%, 01/17/2033, 3 mo. USD LIBOR + 1.900%(1)(2)

    248,391  
   

Madison Park Funding Ltd.

 

    250,000    

1.91%, 01/23/2031, 3 mo. USD LIBOR + 1.700%(1)(2)

    245,395  
    250,000    

1.92%, 10/22/2030, 3 mo. USD LIBOR + 1.700%(1)(2)

    242,941  
    250,000    

2.09%, 01/15/2033, 3 mo. USD LIBOR + 1.850%(1)(2)

    248,256  
    280,000    

2.74%, 04/15/2029, 3 mo. USD LIBOR + 2.500%(1)(2)

    256,172  
   

Octagon Investment Partners Ltd.

 

    250,000    

1.97%, 07/25/2030, 3 mo. USD LIBOR + 1.750%(1)(2)

    238,887  
    250,000    

2.62%, 07/20/2030, 3 mo. USD LIBOR + 2.400%(1)(2)

    244,840  
    275,000    

2.78%, 10/20/2031, 3 mo. USD LIBOR + 2.550%(1)(2)

    273,409  
    250,000    

4.23%, 10/20/2031, 3 mo. USD LIBOR + 4.000%(1)(2)

    251,250  
    250,000    

OHA Loan Funding Ltd. 2.18%, 11/15/2032, 3 mo. USD LIBOR + 1.900%(1)(2)

    245,671  
    250,000    

Race Point CLO Ltd. 2.30%, 02/20/2030, 3 mo. USD LIBOR + 2.050%(1)(2)

    235,741  
    250,000    

Shackleton CLO Ltd. 1.95%, 07/17/2028, 3 mo. USD LIBOR + 1.730%(1)(2)

    245,072  
    250,000    

Stratus CLO Ltd. 3.92%, 10/15/2028, 3 mo. USD LIBOR + 3.650%(1)(2)

    247,813  
     

 

 

 
        5,143,856  
     

 

 

 
          Collateralized - Mortgage Obligations - 0.1%  
    90,000    

Benchmark Mortgage Trust 3.21%, 09/15/2053

    90,332  
     

 

 

 
      Commercial Mortgage-Backed Securities - 2.0%  
    165,000    

BAMLL Commercial Mortgage Securities Trust 3.00%, 11/15/2025

    165,000  
    125,000    

BBCMS Mortgage Trust 1.00%, 08/15/2036, 1 mo. USD LIBOR + 0.850%(1)(2)

    120,219  
   

Benchmark Mortgage Trust

 

    943,896    

0.52%, 07/15/2051(3)(4)

    27,143  
    99,982    

1.79%, 07/15/2053(3)(4)

    12,275  
   

BX Commercial Mortgage Trust

 

    100,000    

1.44%, 11/15/2032(1)

    100,000  
    170,874    

1.60%, 10/15/2036, 1 mo. USD LIBOR + 1.450%(1)(2)

    169,913  
Shares or Principal Amount   Market Value  
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 10.3% - (continued)  
      Commercial Mortgage-Backed Securities - 2.0% - (continued)  
$     2,934,633    

CD Mortgage Trust 1.01%, 02/10/2050(3)(4)

  $ 145,633  
    100,000    

Commercial Mortgage Trust 1.05%, 10/15/2034, 1 mo. USD LIBOR + 0.900%(1)(2)

    99,414  
    1,592,452    

DBGS Mortgage Trust 0.21%, 10/15/2051(3)(4)

    22,593  
   

DBJPM Mortgage Trust

 

    1,768,030    

1.47%, 08/10/2049(3)(4)

    121,525  
    1,852,579    

1.71%, 09/15/2053(3)(4)

    207,102  
    15,000    

JP Morgan Chase Commercial Mortgage Securities Trust 2.81%, 01/16/2037(1)

    15,530  
    127,819    

JP Morgan Mortgage Trust 4.23%, 11/25/2050(1)(3)

    135,483  
    2,955,585    

JPMDB Commercial Mortgage Securities Trust 0.64%, 06/15/2051(3)(4)

    100,781  
   

Morgan Stanley Capital Trust

 
    987,861    

0.83%, 07/15/2051(3)(4)

    48,123  
    306,247    

1.42%, 06/15/2050(3)(4)

    19,005  
    136,000    

1.55%, 11/15/2034, 1 mo. USD LIBOR + 1.400%(1)(2)

    135,172  
    255,000    

One Market Plaza Trust 4.15%, 02/10/2032(1)

    260,145  
    60,000    

SG Commercial Mortgage Securities Trust 2.63%, 03/15/2037(1)

    61,573  
    955,698    

Wells Fargo Bank N.A. 0.51%, 08/15/2061(3)(4)

    27,681  
    15,000    

Wells Fargo Commercial Mortgage Trust 4.15%, 05/15/2048(3)

    14,080  
    2,943,661    

Wells Fargo N.A. 0.90%, 05/15/2062(3)(4)

    186,189  
     

 

 

 
        2,194,579  
     

 

 

 
          Other Asset-Backed Securities - 1.0%  
    250,000    

LCM XXIII Ltd. 3.52%, 10/20/2029, 3 mo. USD LIBOR + 3.300%(1)(2)

    225,773  
   

Mill City Mortgage Loan Trust

 
    46,952    

2.75%, 01/25/2061(1)(3)

    48,338  
    70,087    

3.48%, 08/25/2058(1)(3)

    74,560  
    250,000    

Niagara Park Clo Ltd. 2.02%, 07/17/2032, 3 mo. USD LIBOR + 1.800%(1)(2)

    249,374  
    250,000    

RR 7 Ltd. 2.24%, 01/15/2033, 3 mo. USD LIBOR + 2.000%(1)(2)

    246,264  
    30,000    

Stack Infrastructure Issuer LLC 1.89%, 08/25/2045(1)

    30,101  
   

Towd Point Mortgage Trust

 
    38,370    

2.75%, 10/25/2056(1)(3)

    39,328  
    84,370    

2.90%, 10/25/2059(1)(3)

    89,434  
    3,950    

3.00%, 11/25/2057(1)(3)

    3,959  
   

Vantage Data Centers Issuer LLC

 
    130,000    

1.65%, 09/15/2045(1)

    129,193  
    24,708    

3.19%, 07/15/2044(1)

    25,736  
     

 

 

 
        1,162,060  
     

 

 

 
          Whole Loan Collateral CMO - 2.6%  
    47,391    

Angel Oak Mortgage Trust 2.59%, 10/25/2049(1)(3)

    47,963  
    21,049    

Angel Oak Mortgage Trust LLC 3.65%, 09/25/2048(1)(3)

    21,445  
    69,396    

Arroyo Mortgage Trust 2.96%, 10/25/2048(1)(3)

    71,169  
    1,749,719    

Banc of America Commercial Mortgage Trust 1.79%, 03/15/2063(3)(4)

    257,334  
    3,188,367    

Benchmark Mortgage Trust 1.23%, 03/15/2062(3)(4)

    253,555  
    32,995    

Bunker Hill Loan Depositary Trust 2.88%, 07/25/2049(1)(5)

    33,733  
    94,019    

Citigroup Mortgage Loan Trust 3.23%, 11/25/2070(1)(5)

    94,768  
   

Fannie Mae Connecticut Avenue Securities

 
    84,423    

2.35%, 01/25/2030, 1 mo. USD LIBOR + 2.200%(2)

    83,368  
    119,031    

3.15%, 10/25/2029, 1 mo. USD LIBOR + 3.000%(2)

    119,893  
    32,527    

5.15%, 11/25/2024, 1 mo. USD LIBOR + 5.000%(2)

    33,269  
 

 

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

 

 

  54  

 


Hartford AARP Balanced Retirement Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 10.3% - (continued)  
          Whole Loan Collateral CMO - 2.6% - (continued)  
$     32,997    

5.70%, 04/25/2028, 1 mo. USD LIBOR + 5.550%(2)

  $ 34,633  
    120,000    

FirstKey Homes Trust 1.67%, 10/19/2037(1)

    119,463  
    64,636    

GCAT LLC 2.99%, 02/25/2059(1)(5)

    65,645  
    83,504    

GCAT Trust 2.65%, 10/25/2068(1)(3)

    85,973  
    200,000    

GS Mortgage-Backed Securities Trust 3.45%, 03/27/2051(3)(6)(7)

    204,254  
    199,717    

JP Morgan Mortgage Trust 4.23%, 11/25/2050(1)(3)

    207,580  
    77,540    

Mill City Mortgage Loan Trust 3.25%, 10/25/2069(1)(3)

    81,588  
   

New Residential Mortgage Loan Trust

 

    58,470    

3.25%, 09/25/2056(1)(3)

    62,073  
    66,857    

3.50%, 12/25/2057(1)(3)

    70,505  
    58,636    

3.60%, 04/25/2049(1)(3)

    59,299  
    45,079    

3.68%, 01/25/2049(1)(3)

    45,369  
    48,349    

3.75%, 11/25/2056(1)(3)

    51,893  
   

Seasoned Credit Risk Transfer Trust

 

    30,956    

2.50%, 08/25/2059

    32,234  
    9,553    

3.50%, 10/25/2058

    10,694  
    69,656    

Verus Securitization Trust 3.14%, 11/25/2059(1)(3)

    71,520  
    175,402    

Wells Fargo Mortgage Backed Securities Trust 3.00%, 07/25/2050(1)(3)

    179,060  
   

Wells Fargo N.A.

 

    2,750,598    

0.96%, 08/15/2061(3)(4)

    188,769  
    2,677,540    

1.36%, 03/15/2063(3)(4)

    244,038  
     

 

 

 
    2,831,087  
     

 

 

 
   

Total Asset & Commercial Mortgage-Backed Securities
(cost $11,440,101)

  $ 11,421,914  
     

 

 

 
CORPORATE BONDS - 20.7%  
      Advertising - 0.1%  
    125,000    

Lamar Media Corp. 4.88%, 01/15/2029

  $ 130,000  
     

 

 

 
          Aerospace/Defense - 0.5%  
   

Boeing Co.

 

    10,000    

3.25%, 02/01/2035

    9,289  
    160,000    

5.04%, 05/01/2027

    175,816  
    130,000    

Moog, Inc. 4.25%, 12/15/2027(1)

    133,412  
    100,000    

Northrop Grumman Corp. 4.75%, 06/01/2043

    129,201  
    20,000    

TransDigm, Inc. 6.25%, 03/15/2026(1)

    20,850  
   

United Technologies Corp.

 

    25,000    

4.45%, 11/16/2038

    30,598  
    75,000    

5.70%, 04/15/2040

    105,206  
     

 

 

 
        604,372  
     

 

 

 
          Agriculture - 0.3%  
   

Altria Group, Inc.

 

    10,000    

3.40%, 05/06/2030

    10,865  
    35,000    

3.88%, 09/16/2046

    35,431  
    90,000    

4.80%, 02/14/2029

    105,708  
    130,000    

BAT Capital Corp. 4.91%, 04/02/2030

    151,524  
     

 

 

 
        303,528  
     

 

 

 
          Apparel - 0.2%  
    125,000    

Hanesbrands, Inc. 4.63%, 05/15/2024(1)

    130,194  
    125,000    

William Carter Co. 5.50%, 05/15/2025(1)

    131,250  
     

 

 

 
        261,444  
     

 

 

 
          Auto Manufacturers - 0.1%  
   

General Motors Co.

 

    5,000    

6.13%, 10/01/2025

    5,851  
    120,000    

6.75%, 04/01/2046

    155,095  
     

 

 

 
        160,946  
     

 

 

 
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 20.7% - (continued)  
          Auto Parts & Equipment - 0.4%  
$     115,000    

Adient US LLC 9.00%, 04/15/2025(1)

  $ 126,466  
    125,000    

Clarios Global L.P. / Clarios US Finance Co. 6.25%, 05/15/2026(1)

    130,943  
    125,000    

Dana, Inc. 5.63%, 06/15/2028

    131,212  
     

 

 

 
        388,621  
     

 

 

 
          Beverages - 0.4%  
    93,000    

Anheuser-Busch InBev Worldwide, Inc. 3.75%, 07/15/2042

    99,665  
    155,000    

Coca-Cola Femsa S.A.B. de C.V. 1.85%, 09/01/2032

    155,108  
   

Constellation Brands, Inc.

 
    100,000    

2.88%, 05/01/2030

    107,708  
    30,000    

3.60%, 02/15/2028

    33,782  
     

 

 

 
        396,263  
     

 

 

 
          Biotechnology - 0.2%  
   

Amgen, Inc.

 
    51,000    

2.77%, 09/01/2053(1)

    48,334  
    38,000    

5.15%, 11/15/2041

    50,858  
    100,000    

Emergent BioSolutions, Inc. 3.88%, 08/15/2028(1)

    100,500  
     

 

 

 
        199,692  
     

 

 

 
          Chemicals - 1.2%  
    5,000    

Dow Chemical Co. 4.80%, 05/15/2049

    6,081  
    115,000    

DuPont de Nemours, Inc. 5.32%, 11/15/2038

    148,888  
    145,000    

Huntsman International LLC 4.50%, 05/01/2029

    161,760  
    130,000    

NOVA Chemicals Corp. 5.25%, 08/01/2023(1)

    129,350  
   

Nutrien Ltd.

 
    135,000    

2.95%, 05/13/2030

    146,068  
    10,000    

3.95%, 05/13/2050

    11,460  
    105,000    

Rohm and Haas Co. 7.85%, 07/15/2029

    146,787  
   

Sherwin-Williams Co.

 
    10,000    

3.30%, 05/15/2050

    10,642  
    85,000    

4.50%, 06/01/2047

    106,482  
    125,000    

Tronox, Inc. 6.50%, 05/01/2025(1)

    131,875  
    145,000    

Westlake Chemical Corp. 3.60%, 08/15/2026

    158,724  
    145,000    

Yara International ASA 3.15%, 06/04/2030(1)

    154,604  
     

 

 

 
        1,312,721  
     

 

 

 
          Commercial Banks - 0.6%  
    250,000    

Bank of America Corp. 6.11%, 01/29/2037

    352,955  
    60,000    

Citigroup, Inc. 3.98%, 03/20/2030, (3.98% fixed rate until 03/20/2029; 3 mo. USD LIBOR + 1.338% thereafter)(8)

    68,827  
   

Wells Fargo & Co.

 
    20,000    

4.75%, 12/07/2046

    24,612  
    180,000    

4.90%, 11/17/2045

    226,452  
     

 

 

 
        672,846  
     

 

 

 
          Commercial Services - 0.4%  
    5,000    

Equifax, Inc. 3.10%, 05/15/2030

    5,404  
    10,000    

ERAC USA Finance LLC 7.00%, 10/15/2037(1)

    14,648  
    15,000    

Gartner, Inc. 3.75%, 10/01/2030(1)

    15,339  
   

Global Payments, Inc.

 
    15,000    

2.90%, 05/15/2030

    15,947  
    10,000    

3.20%, 08/15/2029

    10,822  
    125,000    

Jaguar Holding Co. 5.00%, 06/15/2028(1)

    130,289  
    125,000    

Service Corp. International 4.63%, 12/15/2027

    132,266  
    120,000    

United Rentals North America, Inc. 5.25%, 01/15/2030

    130,050  
     

 

 

 
        454,765  
     

 

 

 
          Construction Materials - 0.6%  
    55,000    

Boise Cascade Co. 4.88%, 07/01/2030(1)

    58,791  
    120,000    

Builders FirstSource, Inc. 6.75%, 06/01/2027(1)

    128,700  
 

 

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

 

 

  55  

 


Hartford AARP Balanced Retirement Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 20.7% - (continued)  
          Construction Materials - 0.6% - (continued)  
   

Carrier Global Corp.

 
$     10,000    

2.70%, 02/15/2031(1)

  $ 10,484  
    100,000    

2.72%, 02/15/2030(1)

    104,372  
    130,000    

Jeld-Wen, Inc. 4.88%, 12/15/2027(1)

    134,225  
    125,000    

Norbord, Inc. 5.75%, 07/15/2027(1)

    131,250  
    125,000    

Standard Industries, Inc. 4.75%, 01/15/2028(1)

    130,625  
     

 

 

 
        698,447  
     

 

 

 
          Distribution/Wholesale - 0.2%  
    125,000    

American Builders & Contractors Supply Co., Inc. 4.00%, 01/15/2028(1)

    126,875  
    65,000    

HD Supply, Inc. 5.38%, 10/15/2026(1)

    67,993  
     

 

 

 
        194,868  
     

 

 

 
          Diversified Financial Services - 0.1%  
    100,000    

Brookfield Finance LLC 3.45%, 04/15/2050

    97,690  
    40,000    

Genworth Mortgage Holdings, Inc. 6.50%, 08/15/2025(1)

    41,700  
     

 

 

 
        139,390  
     

 

 

 
          Electric - 1.2%  
    150,000    

AES Corp. (The) 3.95%, 07/15/2030(1)

    166,445  
    135,000    

Ameren Corp. 3.50%, 01/15/2031

    153,623  
    130,000    

CenterPoint Energy, Inc. 4.25%, 11/01/2028(9)

    153,509  
    120,000    

Clearway Energy Operating LLC 4.75%, 03/15/2028(1)

    126,150  
    10,000    

Cleco Corporate Holdings LLC 3.74%, 05/01/2026

    10,565  
    85,000    

Emera U.S. Finance L.P. 4.75%, 06/15/2046

    102,780  
    115,000    

Exelon Corp. 5.10%, 06/15/2045

    149,380  
   

FirstEnergy Corp.

 
    5,000    

1.60%, 01/15/2026

    4,869  
    5,000    

2.25%, 09/01/2030

    4,720  
    20,000    

ITC Holdings Corp. 2.95%, 05/14/2030(1)

    21,427  
    120,000    

NextEra Energy Operating Partners L.P. 4.50%, 09/15/2027(1)

    131,100  
    30,000    

Oglethorpe Power Corp. 5.05%, 10/01/2048

    35,003  
    40,000    

Pacific Gas and Electric Co. 2.50%, 02/01/2031

    37,818  
 

Puget Energy, Inc.

 

    40,000    

3.65%, 05/15/2025

    44,457  
    15,000    

4.10%, 06/15/2030(1)

    16,765  
    5,000    

Sempra Energy 4.00%, 02/01/2048

    5,645  
    125,000    

Southern Co. 4.40%, 07/01/2046

    149,543  
     

 

 

 
    1,313,799  
     

 

 

 
      Electrical Components & Equipment - 0.2%  
    120,000    

Energizer Holdings, Inc. 7.75%, 01/15/2027(1)

    129,600  
    120,000    

WESCO Distribution, Inc. 7.25%, 06/15/2028(1)

    131,400  
     

 

 

 
    261,000  
     

 

 

 
      Electronics - 0.3%  
    150,000    

Jabil, Inc. 3.60%, 01/15/2030

    158,917  
    135,000    

Keysight Technologies, Inc. 4.60%, 04/06/2027

    157,337  
     

 

 

 
    316,254  
     

 

 

 
      Entertainment - 0.1%  
    100,000    

WMG Acquisition Corp. 3.00%, 02/15/2031(1)

    95,000  
     

 

 

 
      Food - 0.7%  
    100,000    

Conagra Brands, Inc. 5.30%, 11/01/2038

    129,203  
    75,000    

General Mills, Inc. 4.70%, 04/17/2048

    100,392  
    75,000    

Kellogg Co. 4.50%, 04/01/2046

    93,476  
    100,000    

Kraft Heinz Foods Co. 6.50%, 02/09/2040

    127,000  
    120,000    

Post Holdings, Inc. 4.63%, 04/15/2030(1)

    123,300  
    120,000    

Sysco Corp. 6.60%, 04/01/2040

    164,415  
    25,000    

TreeHouse Foods, Inc. 4.00%, 09/01/2028

    25,031  
     

 

 

 
    762,817  
     

 

 

 
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 20.7% - (continued)  
      Food Service - 0.1%  
$     100,000    

Arcos Dorados Holdings, Inc. 5.88%, 04/04/2027(1)

  $ 102,875  
     

 

 

 
      Forest Products & Paper - 0.1%  
    125,000    

Schweitzer-Mauduit International, Inc. 6.88%, 10/01/2026(1)

    131,875  
     

 

 

 
      Gas - 0.1%  
    85,000    

NiSource, Inc. 5.65%, 02/01/2045

    118,890  
     

 

 

 
      Healthcare-Products - 0.4%  
    75,000    

Boston Scientific Corp. 4.70%, 03/01/2049

    97,054  
    125,000    

Hologic, Inc. 4.63%, 02/01/2028(1)

    130,625  
    125,000    

Teleflex, Inc. 4.25%, 06/01/2028(1)

    130,625  
    110,000    

Zimmer Biomet Holdings, Inc. 3.55%, 03/20/2030

    121,950  
     

 

 

 
        480,254  
 

 

 

 
      Healthcare-Services - 0.6%  
    125,000    

Charles River Laboratories International, Inc. 4.25%, 05/01/2028(1)

    130,625  
    95,000    

CommonSpirit Health 1.55%, 10/01/2025

    95,250  
   

HCA, Inc.

 
    120,000    

5.13%, 06/15/2039

    146,071  
    115,000    

5.88%, 02/01/2029

    135,296  
    125,000    

Tenet Healthcare Corp. 4.63%, 09/01/2024(1)

    127,970  
     

 

 

 
    635,212  
 

 

 

 
      Home Builders - 0.4%  
    20,000    

Lennar Corp. 4.75%, 11/29/2027

    22,900  
    130,000    

M/I Homes, Inc. 4.95%, 02/01/2028

    134,550  
    120,000    

Taylor Morrison Communities, Inc. 5.88%, 06/15/2027(1)

    132,600  
    120,000    

Toll Brothers Finance Corp. 4.35%, 02/15/2028

    131,018  
     

 

 

 
    421,068  
 

 

 

 
      Insurance - 0.6%  
    110,000    

American International Group, Inc. 6.25%, 05/01/2036

    152,777  
    85,000    

AXA Equitable Holdings, Inc. 5.00%, 04/20/2048

    101,537  
    135,000    

Globe Life, Inc. 4.55%, 09/15/2028

    160,041  
    125,000    

Radian Group, Inc. 6.63%, 03/15/2025

    135,312  
    100,000    

Unum Group 5.75%, 08/15/2042

    115,331  
    20,000    

Willis North America, Inc. 2.95%, 09/15/2029

    21,778  
     

 

 

 
    686,776  
 

 

 

 
      Internet - 0.3%  
    85,000    

Alphabet, Inc. 2.25%, 08/15/2060

    75,874  
    125,000    

Go Daddy Operating Co. LLC / GD Finance Co., Inc. 5.25%, 12/01/2027(1)

    130,938  
    100,000    

Netflix, Inc. 6.38%, 05/15/2029

    122,500  
     

 

 

 
    329,312  
 

 

 

 
      Iron/Steel - 0.2%  
    145,000    

Steel Dynamics, Inc. 3.25%, 01/15/2031

    156,678  
    25,000    

Vale Overseas Ltd. 3.75%, 07/08/2030

    26,325  
     

 

 

 
    183,003  
 

 

 

 
      IT Services - 0.2%  
    125,000    

Leidos, Inc. 4.38%, 05/15/2030(1)

    145,449  
   

Presidio Holdings, Inc.

 
    49,000    

4.88%, 02/01/2027(1)

    50,301  
    20,000    

8.25%, 02/01/2028(1)

    21,200  
     

 

 

 
    216,950  
 

 

 

 
      Leisure Time - 0.0%  
    31,000    

Carnival Corp. 11.50%, 04/01/2023(1)

    34,049  
     

 

 

 
      Lodging - 0.2%  
    35,000    

Boyd Gaming Corp. 8.63%, 06/01/2025(1)

    38,315  
    125,000    

Hilton Domestic Operating Co., Inc. 5.38%, 05/01/2025(1)

    129,172  
     

 

 

 
    167,487  
 

 

 

 
 

 

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

 

 

  56  

 


Hartford AARP Balanced Retirement Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 20.7% - (continued)  
      Machinery-Diversified - 0.3%  
$     120,000    

Stevens Holding Co., Inc. 6.13%, 10/01/2026(1)

  $ 128,250  
    155,000    

Westinghouse Air Brake Technologies Corp. 3.20%, 06/15/2025

    165,118  
     

 

 

 
    293,368  
 

 

 

 
      Media - 1.3%  
    125,000    

CCO Holdings LLC / CCO Holdings Capital Corp. 4.75%, 03/01/2030(1)

    131,481  
    110,000    

Charter Communications Operating LLC / Charter Communications Operating Capital 6.48%, 10/23/2045

    148,369  
 

Cox Communications, Inc.

 

    6,000    

4.50%, 06/30/2043(1)

    7,086  
    65,000    

4.60%, 08/15/2047(1)

    78,844  
 

Discovery Communications LLC

 

    152,000    

4.00%, 09/15/2055(1)

    154,487  
    15,000    

5.30%, 05/15/2049

    18,039  
    140,000    

Fox Corp. 3.50%, 04/08/2030

    156,769  
    120,000    

Gray Television, Inc. 7.00%, 05/15/2027(1)

    129,450  
    120,000    

Sirius XM Radio, Inc. 5.50%, 07/01/2029(1)

    130,614  
    130,000    

TEGNA, Inc. 4.63%, 03/15/2028(1)

    128,191  
    120,000    

ViacomCBS, Inc. 5.85%, 09/01/2043

    151,337  
    150,000    

Ziggo B.V. 5.50%, 01/15/2027(1)

    155,625  
     

 

 

 
    1,390,292  
 

 

 

 
      Office/Business Equipment - 0.0%  
    55,000    

Xerox Holdings Corp. 5.50%, 08/15/2028(1)

    54,296  
     

 

 

 
      Oil & Gas - 1.2%  
    135,000    

Apache Corp. 4.25%, 01/15/2030

    119,306  
 

Callon Petroleum Co.

 

    90,000    

6.25%, 04/15/2023

    35,100  
    5,000    

6.38%, 07/01/2026

    1,200  
    10,000    

Canadian Natural Resources Ltd. 6.50%, 02/15/2037

    11,718  
    145,000    

Centennial Resource Production LLC 5.38%, 01/15/2026(1)

    53,288  
    140,000    

Concho Resources, Inc. 4.30%, 08/15/2028

    160,721  
    130,000    

Continental Resources, Inc. 5.00%, 09/15/2022

    128,050  
 

Diamondback Energy, Inc.

 

    160,000    

3.50%, 12/01/2029

    159,097  
    5,000    

4.75%, 05/31/2025

    5,456  
    140,000    

EQT Corp. 3.90%, 10/01/2027

    134,445  
 

Hess Corp.

 

    135,000    

5.60%, 02/15/2041

    144,574  
    5,000    

7.30%, 08/15/2031

    6,096  
    80,000    

Matador Resources Co. 5.88%, 09/15/2026

    64,400  
    135,000    

Valero Energy Corp. 4.00%, 04/01/2029

    140,905  
    85,000    

Viper Energy Partners L.P. 5.38%, 11/01/2027(1)

    86,760  
    140,000    

WPX Energy, Inc. 4.50%, 01/15/2030

    134,400  
     

 

 

 
        1,385,516  
 

 

 

 
      Packaging & Containers - 0.5%  
    125,000    

Berry Global, Inc. 5.63%, 07/15/2027(1)

    130,768  
    110,000    

Crown Cork & Seal Co., Inc. 7.38%, 12/15/2026

    131,792  
    70,000    

Graphic Packaging International LLC 3.50%, 03/01/2029(1)

    70,000  
    120,000    

Owens-Brockway Glass Container, Inc. 6.63%, 05/13/2027(1)

    128,700  
    125,000    

Silgan Holdings, Inc. 4.13%, 02/01/2028

    129,850  
     

 

 

 
    591,110  
 

 

 

 
      Pharmaceuticals - 0.8%  
   

AbbVie, Inc.

 
    5,000    

4.55%, 03/15/2035(1)

    6,065  
    115,000    

4.75%, 03/15/2045(1)

    140,904  
    120,000    

Bausch Health Cos., Inc. 5.75%, 08/15/2027(1)

    128,700  
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 20.7% - (continued)  
      Pharmaceuticals - 0.8% - (continued)  
$     125,000    

Becton Dickinson and Co. 2.82%, 05/20/2030

  $ 133,596  
   

CVS Health Corp.

 
    100,000    

3.75%, 04/01/2030

    113,386  
    35,000    

5.13%, 07/20/2045

    44,301  
   

Upjohn, Inc.

 
    5,000    

2.30%, 06/22/2027(1)

    5,172  
    140,000    

2.70%, 06/22/2030(1)

    144,688  
    100,000    

Zoetis, Inc. 4.70%, 02/01/2043

    131,408  
     

 

 

 
    848,220  
 

 

 

 
      Pipelines - 1.3%  
    140,000    

Cheniere Corpus Christi Holdings LLC 5.13%, 06/30/2027

    156,872  
    125,000    

Cheniere Energy Partners L.P. 4.50%, 10/01/2029

    127,440  
    125,000    

Energy Transfer Operating L.P. 5.25%, 04/15/2029

    135,425  
    40,000    

EnLink Midstream LLC 5.38%, 06/01/2029

    34,245  
    60,000    

EnLink Midstream Partners L.P. 4.85%, 07/15/2026

    51,207  
   

MPLX L.P.

 
    20,000    

4.00%, 03/15/2028(9)

    21,702  
    15,000    

4.13%, 03/01/2027

    16,421  
    90,000    

4.80%, 02/15/2029

    101,707  
    5,000    

5.20%, 03/01/2047

    5,256  
    5,000    

5.20%, 12/01/2047

    5,181  
    5,000    

5.50%, 02/15/2049

    5,542  
   

ONEOK, Inc.

 
    5,000    

4.00%, 07/13/2027

    5,168  
    110,000    

4.35%, 03/15/2029

    114,662  
    10,000    

5.85%, 01/15/2026

    11,372  
    125,000    

Rattler Midstream L.P. 5.63%, 07/15/2025(1)

    128,437  
   

Sunoco Logistics Partners Operations L.P.

 
    10,000    

5.30%, 04/01/2044

    9,398  
    10,000    

5.35%, 05/15/2045

    9,524  
    125,000    

Targa Resources Partners L.P. / Targa Resources Partners Finance Corp. 6.50%, 07/15/2027

    130,937  
    150,000    

Tennessee Gas Pipeline Co. LLC 2.90%, 03/01/2030(1)

    152,970  
    25,000    

TransCanada PipeLines Ltd. 4.75%, 05/15/2038

    29,412  
    145,000    

Williams Cos., Inc. 3.75%, 06/15/2027

    158,092  
     

 

 

 
    1,410,970  
 

 

 

 
      Real Estate - 0.1%  
    140,000    

Crown Castle International Corp. 3.30%, 07/01/2030

    152,559  
     

 

 

 
      Real Estate Investment Trusts - 0.9%  
    135,000    

American Tower Corp. 3.80%, 08/15/2029

    153,621  
    150,000    

Brixmor Operating Partnership L.P. 4.05%, 07/01/2030

    162,121  
    155,000    

Equinix, Inc. 2.15%, 07/15/2030

    155,749  
    140,000    

GLP Capital L.P. / GLP Financing II, Inc. 5.75%, 06/01/2028

    159,241  
    25,000    

SBA Tower Trust 2.84%, 01/15/2050(1)

    26,487  
 

VEREIT Operating Partnership L.P.

 
    5,000    

3.40%, 01/15/2028

    5,247  
    140,000    

3.95%, 08/15/2027

    151,310  
    125,000    

VICI Properties L.P. / VICI Note Co., Inc. 4.63%, 12/01/2029(1)

    129,876  
     

 

 

 
    943,652  
 

 

 

 
      Retail - 1.3%  
    125,000    

1011778 BC ULC / New Red Finance, Inc. 4.38%, 01/15/2028(1)

    126,562  
 

Alimentation Couche-Tard, Inc.

 
    140,000    

2.95%, 01/25/2030(1)

    149,161  
    5,000    

3.80%, 01/25/2050(1)

    5,428  
    135,000    

Dollar General Corp.
3.50%, 04/03/2030

    153,224  
 

 

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

 

 

  57  

 


Hartford AARP Balanced Retirement Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 20.7% - (continued)  
      Retail - 1.3% - (continued)  
$     35,000    

FirstCash, Inc. 4.63%, 09/01/2028(1)

  $ 35,525  
    90,000    

Group 1 Automotive, Inc. 4.00%, 08/15/2028(1)

    90,112  
    120,000    

L Brands, Inc. 6.88%, 07/01/2025(1)

    128,638  
 

Lowe’s Cos., Inc.

 
    10,000    

3.70%, 04/15/2046

    11,356  
    100,000    

4.38%, 09/15/2045

    123,418  
 

McDonald’s Corp.

 
    15,000    

3.63%, 09/01/2049

    16,709  
    7,000    

3.70%, 02/15/2042

    7,907  
    15,000    

4.20%, 04/01/2050

    18,172  
    65,000    

4.45%, 09/01/2048

    80,806  
    130,000    

O’Reilly Automotive, Inc. 4.20%, 04/01/2030

    153,870  
    100,000    

Starbucks Corp. 4.45%, 08/15/2049

    121,692  
    125,000    

Suburban Propane Partners L.P. / Suburban Energy Finance Corp. 5.88%, 03/01/2027

    128,750  
 

Yum! Brands, Inc.

 
    35,000    

4.75%, 01/15/2030(1)

    37,625  
    35,000    

7.75%, 04/01/2025(1)

    38,446  
     

 

 

 
        1,427,401  
     

 

 

 
          Semiconductors - 0.4%  
    40,000    

Broadcom Corp. / Broadcom Cayman Finance Ltd. 3.88%, 01/15/2027

    44,155  
   

Broadcom, Inc.

 
    25,000    

4.30%, 11/15/2032

    28,501  
    65,000    

5.00%, 04/15/2030

    76,459  
    20,000    

Microchip Technology, Inc. 2.67%, 09/01/2023(1)

    20,754  
    124,000    

Micron Technology, Inc. 5.33%, 02/06/2029

    148,436  
   

NXP B.V. / NXP Funding LLC / NXP USA, Inc.

 
    5,000    

3.15%, 05/01/2027(1)

    5,413  
    100,000    

4.30%, 06/18/2029(1)

    115,979  
     

 

 

 
        439,697  
     

 

 

 
          Software - 0.4%  
    35,000    

Black Knight InfoServ LLC 3.63%, 09/01/2028(1)

    35,437  
    12,000    

Dun & Bradstreet Corp. 10.25%, 02/15/2027(1)

    13,436  
    115,000    

Fair Isaac Corp. 5.25%, 05/15/2026(1)

    127,650  
    20,000    

MSCI, Inc. 3.88%, 02/15/2031(1)

    20,900  
    125,000    

PTC, Inc. 4.00%, 02/15/2028(1)

    129,219  
    120,000    

SS&C Technologies, Inc. 5.50%, 09/30/2027(1)

    127,540  
     

 

 

 
        454,182  
     

 

 

 
          Telecommunications - 1.0%  
   

AT&T, Inc.

 
    40,000    

3.50%, 02/01/2061

    37,211  
    35,000    

4.35%, 06/15/2045

    38,793  
    10,000    

4.50%, 03/09/2048

    11,193  
    100,000    

Deutsche Telekom International Finance B.V. 8.75%, 06/15/2030

    155,322  
    160,000    

Motorola Solutions, Inc. 2.30%, 11/15/2030

    159,129  
    160,000    

Nokia Oyj 6.63%, 05/15/2039

    200,800  
    100,000    

Sprint Capital Corp. 6.88%, 11/15/2028

    126,500  
   

T-Mobile USA, Inc.

 
    125,000    

4.38%, 04/15/2040(1)

    144,567  
    3,000    

4.50%, 04/15/2050(1)

    3,489  
   

Verizon Communications, Inc.

 
    5,000    

4.00%, 03/22/2050

    6,025  
    65,000    

4.13%, 08/15/2046

    78,631  
   

Vodafone Group plc

 
    5,000    

4.25%, 09/17/2050

    5,760  
    6,000    

4.38%, 02/19/2043

    7,074  
    100,000    

5.25%, 05/30/2048

    129,499  
     

 

 

 
        1,103,993  
     

 

 

 
          Transportation - 0.2%  
    120,000    

FedEx Corp. 5.10%, 01/15/2044

    154,357  
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 20.7% - (continued)  
          Transportation - 0.2% - (continued)  
$     120,000    

Union Pacific Corp. 2.97%, 09/16/2062(1)

  $ 116,296  
     

 

 

 
    270,653  
     

 

 

 
   

Total Corporate Bonds
(cost $23,460,783)

  $ 22,940,433  
     

 

 

 
MUNICIPAL BONDS - 0.4%  
      Airport - 0.0%  
    25,000    

Chicago, IL, O’Hare International Airport 3.01%, 01/01/2038

  $ 24,665  
     

 

 

 
          Development - 0.0%  
    15,000    

New York City Industrial Dev Agency (AGM Insured) 3.19%, 03/01/2040

    14,834  
     

 

 

 
          General - 0.1%  
    80,000    

Dist of Columbia Rev 3.43%, 04/01/2042

    79,893  
    40,000    

Philadelphia, PA, Auth for Industrial Dev , (NATL Insured) 6.55%, 10/15/2028

    50,998  
     

 

 

 
        130,891  
     

 

 

 
          Transportation - 0.3%  
    235,000    

Chicago, IL, Transit Auth 3.40%, 12/01/2032

    245,298  
    30,000    

Metropolitan Transportation Auth, NY, Rev 5.18%, 11/15/2049

    30,558  
     

 

 

 
    275,856  
     

 

 

 
   

Total Municipal Bonds
(cost $434,971)

  $ 446,246  
     

 

 

 
U.S. GOVERNMENT AGENCIES - 4.8%  
      FHLMC - 1.1%  
    4,287,299    

0.07%, 10/25/2026(3)(4)

  $ 22,275  
    1,391,971    

0.27%, 11/25/2023(3)(4)

    9,511  
    743,125    

0.61%, 03/25/2027(3)(4)

    25,592  
    2,129,492    

1.12%, 06/25/2030(3)(4)

    195,974  
    119,888    

1.13%, 01/25/2030(3)(4)

    10,519  
    550,635    

1.33%, 06/25/2030(3)(4)

    59,909  
    1,790,000    

1.38%, 06/25/2030(3)(4)

    192,950  
    1,054,874    

1.43%, 07/25/2030(3)(4)

    121,414  
    18,594    

1.50%, 10/15/2042

    18,610  
    24,639    

1.70%, 10/15/2039

    24,980  
    13,216    

2.00%, 07/15/2031

    13,627  
    22,631    

2.00%, 09/15/2031

    23,296  
    43,202    

2.50%, 12/15/2042

    44,994  
    389,979    

3.00%, 05/15/2041

    420,547  
     

 

 

 
        1,184,198  
     

 

 

 
          FNMA - 1.8%  
    368,586    

1.33%, 06/25/2034(3)(4)

    37,783  
    28,428    

1.50%, 08/25/2041

    28,896  
    44,106    

1.50%, 06/25/2042

    44,872  
    11,641    

1.50%, 11/25/2042

    11,636  
    23,437    

1.70%, 06/25/2043

    23,786  
    27,116    

1.75%, 01/25/2040

    27,422  
    21,734    

2.00%, 06/25/2043

    22,199  
    38,122    

2.50%, 09/25/2049

    39,996  
    19,376    

2.50%, 03/25/2053

    20,027  
    450,000    

3.50%, 08/25/2048

    503,383  
    79,630    

3.50%, 04/25/2053

    82,082  
    425,000    

4.00%, 01/25/2042

    501,990  
    450,000    

4.00%, 06/25/2042

    524,145  
    159,258    

4.00%, 08/01/2049

    170,043  
     

 

 

 
        2,038,260  
     

 

 

 
 

 

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

 

 

  58  

 


Hartford AARP Balanced Retirement Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
U.S. GOVERNMENT AGENCIES - 4.8% - (continued)  
          GNMA - 1.9%  
$     35,391    

1.50%, 04/16/2040

  $ 35,743  
    22,558    

1.70%, 10/20/2045

    22,828  
    500,000    

3.00%, 09/20/2045

    527,504  
    480,000    

3.00%, 04/20/2046

    508,908  
    500,000    

3.00%, 08/20/2047

    533,358  
    450,000    

3.50%, 02/20/2049

    509,949  
     

 

 

 
        2,138,290  
     

 

 

 
   

Total U.S. Government Agencies
(cost $5,397,760)

  $ 5,360,748  
     

 

 

 
U.S. GOVERNMENT SECURITIES - 6.1%  
          U.S. Treasury Securities - 6.1%  
          U.S. Treasury Bonds - 3.8%  
    420,000    

3.13%, 08/15/2044

  $ 556,287  
    60,000    

3.13%, 05/15/2048

    80,791  
    640,000    

3.63%, 08/15/2043

    908,175  
    1,360,000    

3.63%, 02/15/2044

    1,934,759  
    540,000    

3.75%, 11/15/2043

    780,912  
     

 

 

 
        4,260,924  
     

 

 

 
          U.S. Treasury Notes - 2.3%  
    345,000    

2.13%, 05/15/2025

    372,681  
    2,080,000    

2.88%, 11/15/2021

    2,138,500  
     

 

 

 
        2,511,181  
     

 

 

 
   

Total U.S. Government Securities
(cost $6,580,080)

  $ 6,772,105  
     

 

 

 
COMMON STOCKS - 31.8%  
          Banks - 0.9%  
    10,427    

Bank of Nova Scotia

  $ 433,346  
    4,904    

PNC Financial Services Group, Inc.

    548,660  
     

 

 

 
        982,006  
     

 

 

 
          Capital Goods - 2.7%  
    622    

AGCO Corp.

    47,913  
    15,325    

Assa Abloy AB Class B

    328,452  
    42,851    

BAE Systems plc

    220,271  
    892    

Deere & Co.

    201,512  
    7,299    

Fortive Corp.

    449,618  
    8,897    

Kubota Corp.

    154,613  
    1,494    

Lockheed Martin Corp.

    523,094  
    2,888    

Otis Worldwide Corp.

    176,977  
    5,777    

Raytheon Technologies Corp.

    313,807  
    7,550    

Vinci S.A.

    596,337  
     

 

 

 
        3,012,594  
     

 

 

 
          Commercial & Professional Services - 0.3%  
    8,539    

Experian plc

    312,817  
     

 

 

 
          Consumer Durables & Apparel - 0.7%  
    606    

Berkeley Group Holdings plc

    31,862  
    1,057    

Kaufman & Broad S.A.

    37,668  
    6,075    

NIKE, Inc. Class B

    729,486  
     

 

 

 
        799,016  
     

 

 

 
          Consumer Services - 1.4%  
    293    

Caesars Entertainment, Inc.*

    13,132  
    35,647    

Compass Group plc

    487,927  
    497    

Hyatt Hotels Corp. Class A

    27,404  
    4,230    

McDonald’s Corp.

    900,990  
    5,933    

Melia Hotels International S.A.*

    21,989  
    171    

Oriental Land Co., Ltd.

    23,936  
    115    

Vail Resorts, Inc.

    26,685  
     

 

 

 
        1,502,063  
     

 

 

 
Shares or Principal Amount   Market Value  
COMMON STOCKS - 31.8% - (continued)  
          Diversified Financials - 0.0%  
    987    

Brookfield Asset Management, Inc. Class A

  $ 29,393  
     

 

 

 
          Energy - 1.5%  
    44,900    

Ascent Resources - Marcellus LLC Class A*(6)(7)

    25,818  
    34,283    

BP plc

    87,445  
    1,292    

Cabot Oil & Gas Corp.

    22,985  
    920    

Chevron Corp.

    63,940  
    37,288    

CNOOC Ltd.

    34,117  
    522    

Concho Resources, Inc.

    21,668  
    1,714    

ConocoPhillips

    49,055  
    891    

Diamondback Energy, Inc.

    23,130  
    2,433    

Enbridge, Inc.

    67,039  
    4,174    

Eni S.p.A.

    29,239  
    793    

EOG Resources, Inc.

    27,152  
    3,014    

Equinor ASA

    38,458  
    1,122    

Exxon Mobil Corp.

    36,600  
    2,931    

Galp Energia SGPS S.A.

    23,803  
    6,694    

Gazprom PJSC ADR

    25,645  
    704    

Hess Corp.

    26,203  
    737    

LUKOIL PJSC ADR

    37,707  
    330    

Lundin Energy AB

    6,309  
    2,056    

Marathon Petroleum Corp.

    60,652  
    473    

OMV AG

    10,934  
    1,324    

Parex Resources, Inc.*

    12,889  
    3,400    

Petroleo Brasileiro S.A.

    11,258  
    560    

Pioneer Natural Resources Co.

    44,554  
    2,328    

Reliance Industries Ltd.

    64,543  
    2,788    

Repsol S.A.

    17,503  
    6,701    

Royal Dutch Shell plc Class A

    84,295  
    2,260    

Schlumberger Ltd.

    33,764  
    1,409    

TC Energy Corp.

    55,459  
    3,872    

Tenaris S.A.

    17,123  
    16,961    

Total SE

    513,862  
    574    

Valero Energy Corp.

    22,162  
    742    

Viper Energy Partners L.P.

    5,201  
    2,304    

Williams Cos., Inc.

    44,214  
     

 

 

 
        1,644,726  
     

 

 

 
          Food, Beverage & Tobacco - 3.4%  
    3,911    

Archer-Daniels-Midland Co.

    180,845  
    35,846    

Astra Agro Lestari Tbk PT

    26,197  
    458    

Beyond Meat, Inc.*

    65,233  
    1,190    

Bunge Ltd.

    67,509  
    508    

Cal-Maine Foods, Inc.*

    19,482  
    10,658    

Coca-Cola Co.

    512,223  
    1,277    

Darling Ingredients, Inc.*

    54,911  
    14,018    

Diageo plc

    453,032  
    786    

Fresh Del Monte Produce, Inc.

    16,923  
    2,606    

Glanbia plc

    24,787  
    185,860    

Golden Agri-Resources Ltd.

    19,214  
    7,172    

Heineken N.V.

    634,848  
    565    

Ingredion, Inc.

    40,053  
    51,901    

IOI Corp. Bhd

    53,745  
    8,934    

Kuala Lumpur Kepong Bhd

    45,572  
    1,201    

Lamb Weston Holdings, Inc.

    76,203  
    5,199    

Nestle S.A.

    584,772  
    878    

NH Foods Ltd.

    35,965  
    3,859    

PepsiCo., Inc.

    514,366  
    2,109    

Pilgrim’s Pride Corp.*

    35,305  
    765    

Prima Meat Packers Ltd.

    21,828  
    195    

Sanderson Farms, Inc.

    24,954  
    3,746    

Tate & Lyle plc

    28,877  
    2,132    

Tiger Brands Ltd.

    26,397  
    1,711    

Tyson Foods, Inc. Class A

    97,920  
    38,517    

Wilmar International Ltd.

    114,031  
     

 

 

 
        3,775,192  
     

 

 

 
 

 

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

 

 

  59  

 


Hartford AARP Balanced Retirement Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
COMMON STOCKS - 31.8% - (continued)  
          Health Care Equipment & Services - 2.8%  
    7,081    

Baxter International, Inc.

  $ 549,273  
    13,963    

Koninklijke Philips N.V.*

    646,721  
    6,701    

Medtronic plc

    673,919  
    3,499    

Sysmex Corp.

    328,657  
    2,846    

UnitedHealth Group, Inc.

    868,428  
     

 

 

 
        3,066,998  
     

 

 

 
          Household & Personal Products - 2.2%  
    10,357    

Colgate-Palmolive Co.

    817,064  
    5,804    

Procter & Gamble Co.

    795,728  
    8,705    

Reckitt Benckiser Group plc

    766,811  
     

 

 

 
        2,379,603  
     

 

 

 
          Insurance - 1.4%  
    72,518    

AIA Group Ltd.

    690,166  
    20,105    

AXA S.A.

    322,872  
    4,314    

Chubb Ltd.

    560,432  
     

 

 

 
        1,573,470  
     

 

 

 
          Materials - 4.3%  
    3,323    

Agnico Eagle Mines Ltd.

    263,061  
    53,645    

Angang Steel Co., Ltd. Class H

    15,751  
    3,091    

Anglo American plc

    72,525  
    21,714    

Baoshan Iron & Steel Co., Ltd. Class A

    17,340  
    7,904    

Barrick Gold Corp.

    211,319  
    13,392    

BHP Group plc

    259,434  
    2,470    

BlueScope Steel Ltd.

    25,512  
    1,824    

CF Industries Holdings, Inc.

    50,361  
    26,528    

China Hongqiao Group Ltd.

    19,194  
    5,307    

Corteva, Inc.

    175,025  
    23,681    

Eldorado Gold Corp.*

    296,835  
    14,606    

Eregli Demir ve Celik Fabrikalari T.A.S.

    16,703  
    4,220    

Evraz plc

    19,651  
    1,008    

FMC Corp.

    103,562  
    4,997    

Fortescue Metals Group Ltd.

    61,131  
    29,972    

Gold Fields Ltd.

    324,153  
    12,537    

Grupo Mexico S.A.B. de C.V. Class B

    35,746  
    19,683    

Hunan Valin Steel Co., Ltd. Class A

    14,946  
    13,608    

Israel Chemicals Ltd.

    49,368  
    16,367    

Jinduicheng Molybdenum Co., Ltd. Class A

    13,890  
    32,989    

Kinross Gold Corp.

    262,466  
    62    

Korea Zinc Co., Ltd.

    20,969  
    619    

Kumba Iron Ore Ltd.

    18,378  
    2,852    

Linde plc

    628,410  
    2,527    

Magnitogorsk Iron & Steel Works PJSC GDR

    15,503  
    662    

Maruichi Steel Tube Ltd.

    15,187  
    1,969    

MMC Norilsk Nickel PJSC ADR

    46,930  
    3,117    

Mosaic Co.

    57,664  
    10,367    

Newcrest Mining Ltd.

    214,985  
    3,183    

Newmont Corp.

    200,020  
    21,024    

Northern Star Resources Ltd.

    222,096  
    864    

Novolipetsk Steel PJSC GDR

    20,069  
    913    

Nucor Corp.

    43,605  
    6,088    

Nufarm Ltd.*

    14,721  
    3,811    

Nutrien Ltd.

    154,923  
    47,819    

Pangang Group Vanadium Titanium & Resources Co., Ltd. Class A*

    14,241  
    3,209    

PhosAgro PJSC GDR

    36,975  
    221    

POSCO

    40,797  
    20,287    

Pretium Resources, Inc.*

    247,440  
    3,641    

Rio Tinto plc

    205,940  
    14,973    

Sansteel Minguang Co., Ltd. Fujian Class A

    14,739  
    1,531    

Severstal PAO GDR

    20,928  
    43,918    

Shandong Nanshan Aluminum Co., Ltd. Class A

    15,436  
    19,033    

South32 Ltd.

    27,160  
    905    

Steel Dynamics, Inc.

    28,489  
Shares or Principal Amount   Market Value  
COMMON STOCKS - 31.8% - (continued)  
          Materials - 4.3% - (continued)  
    10,850    

Vedanta Ltd.

  $ 14,035  
    2,171    

Yara International ASA

    75,975  
     

 

 

 
        4,723,588  
     

 

 

 
          Pharmaceuticals, Biotechnology & Life Sciences - 2.5%  
    8,340    

AstraZeneca plc ADR

    418,334  
    557    

Genus plc

    29,602  
    5,662    

Johnson & Johnson

    776,317  
    5,517    

Merck & Co., Inc.

    414,934  
    7,619    

Novartis AG

    593,692  
    1,818    

Roche Holding AG

    584,180  
     

 

 

 
        2,817,059  
     

 

 

 
          Real Estate - 2.5%  
    446    

Agree Realty Corp. REIT

    27,683  
    570    

Alexandria Real Estate Equities, Inc. REIT

    86,366  
    1,582    

American Homes 4 Rent Class A, REIT

    44,723  
    1,463    

American Tower Corp. REIT

    335,978  
    969    

Americold Realty Trust REIT

    35,107  
    341    

Boston Properties, Inc. REIT

    24,692  
    5,431    

Brixmor Property Group, Inc. REIT

    59,524  
    568    

Camden Property Trust REIT

    52,392  
    986    

Catena AB

    40,130  
    4,000    

City Developments Ltd.

    18,575  
    16    

Comforia Residential REIT, Inc. REIT

    45,756  
    1,526    

Douglas Emmett, Inc. REIT

    36,014  
    149    

Equinix, Inc. REIT

    108,955  
    1,345    

Fastighets AB Balder Class B*

    63,301  
    4,923    

Goodman Group REIT

    63,719  
    6,832    

Grainger plc

    24,751  
    2,651    

Healthpeak Properties, Inc. REIT

    71,497  
    49    

Ichigo Office REIT Investment Corp. REIT

    31,686  
    2,722    

Independence Realty Trust, Inc. REIT

    33,072  
    1,145    

Katitas Co., Ltd.

    32,485  
    1,326    

Killam Apartment Real Estate Investment Trust REIT

    15,934  
    2,234    

Kojamo Oyj

    46,049  
    8,500    

Link REIT

    64,871  
    9,700    

Mapletree Industrial Trust REIT

    21,618  
    3,700    

Mitsui Fudosan Co., Ltd. REIT

    63,002  
    9,400    

New World Development Co., Ltd.

    44,879  
    620    

PotlatchDeltic Corp. REIT

    25,761  
    1,380    

Prologis, Inc. REIT

    136,896  
    233    

PSP Swiss Property AG

    28,176  
    2,695    

Public Storage REIT

    617,344  
    1,168    

Rexford Industrial Realty, Inc. REIT

    54,265  
    2,230    

Safestore Holdings plc REIT

    23,214  
    14,950    

Shimao Group Holdings Ltd.

    52,958  
    245    

Shimao Services Holdings Ltd.*(1)

    525  
    527    

Sun Communities, Inc. REIT

    72,531  
    3,350    

Tokyo Tatemono Co., Ltd.

    38,529  
    2,150    

UNITE Group plc*

    23,202  
    2,307    

VICI Properties, Inc. REIT

    52,946  
    1,654    

Vonovia SE

    105,630  
     

 

 

 
        2,724,736  
     

 

 

 
          Retailing - 0.4%  
    6,738    

TJX Cos., Inc.

    342,290  
    777    

Tractor Supply Co.

    103,504  
     

 

 

 
        445,794  
     

 

 

 
          Software & Services - 2.4%  
    2,511    

Accenture plc Class A

    544,661  
    2,451    

Automatic Data Processing, Inc.

    387,160  
    5,413    

Capgemini SE

    625,027  
    3,663    

Microsoft Corp.

    741,648  
 

 

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

 

 

  60  

 


Hartford AARP Balanced Retirement Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
COMMON STOCKS - 31.8% - (continued)  
          Software & Services - 2.4% - (continued)  
    1,969    

Visa, Inc. Class A

  $ 357,787  
     

 

 

 
        2,656,283  
     

 

 

 
          Telecommunication Services - 0.5%  
    1,456    

Cellnex Telecom S.A.(1)

    93,462  
    17,427    

KDDI Corp.

    471,487  
     

 

 

 
        564,949  
     

 

 

 
          Transportation - 1.1%  
    7,612    

Canadian National Railway Co.

    756,172  
    3,258    

United Parcel Service, Inc. Class B

    511,864  
     

 

 

 
        1,268,036  
     

 

 

 
          Utilities - 0.8%  
    548    

Avangrid, Inc.

    27,038  
    586    

China Yangtze Power Co., Ltd. GDR*(1)

    15,646  
    421    

Duke Energy Corp.

    38,778  
    351    

Edison International

    19,670  
    2,930    

Enel S.p.A.

    23,295  
    3,011    

Engie S.A.*

    36,417  
    1,180    

ENN Energy Holdings Ltd.

    14,934  
    1,169    

Exelon Corp.

    46,632  
    899    

FirstEnergy Corp.

    26,718  
    3,094    

Iberdrola S.A.

    36,533  
    50,197    

National Grid plc

    597,118  
    9,858    

Power Grid Corp. of India Ltd.

    22,748  
     

 

 

 
    905,527  
     

 

 

 
 

Total Common Stocks
(cost $32,165,817)

  $ 35,183,850  
     

 

 

 
PREFERRED STOCKS - 0.0%  
      Materials - 0.0%  
    1,014    

Sociedad Quimica y Minera de Chile S.A. Series B*

  $ 37,099  
     

 

 

 
 

Total Preferred Stocks
(cost $22,022)

  $ 37,099  
     

 

 

 
CONVERTIBLE PREFERRED STOCKS - 0.0%  
      Consumer Services - 0.0%  
    1,310    

Airbnb, Inc. Series E*(6)(7)(10)

  $ 54,660  
     

 

 

 
 

Total Convertible Preferred Stocks
(cost $60,977)

  $ 54,660  
     

 

 

 
WARRANTS - 0.0%  
      Energy - 0.0%  
    11,625    

Ascent Resources - Marcellus LLC
Expires 03/30/2023*(6)(7)

  $ 116  
     

 

 

 
 

Total Warrants
(cost $930)

  $ 116  
     

 

 

 
AFFILIATED INVESTMENT COMPANIES - 22.5%  
      Domestic Equity Funds - 5.2%  
    183,012    

Hartford Multifactor US Equity ETF

  $ 5,682,523  
     

 

 

 
   

Total Domestic Equity Funds
(cost $5,812,080)

  $ 5,682,523  
     

 

 

 
          International/Global Equity Funds - 9.2%      
    222,502    

Hartford Multifactor Developed Markets (ex-US) ETF

    5,567,000  
    237,313    

Hartford Multifactor Emerging Markets ETF

    4,645,995  
     

 

 

 
   

Total International/Global Equity Funds
(cost $10,891,645)

  $ 10,212,995  
     

 

 

 
Shares or Principal Amount   Market Value  
AFFILIATED INVESTMENT COMPANIES - 22.5% - (continued)  
          Taxable Fixed Income Funds - 8.1%      
    839,354    

The Hartford World Bond Fund, Class F

  $ 8,981,083  
     

 

 

 
   

Total Taxable Fixed Income Funds
(cost $9,012,136)

  $ 8,981,083  
     

 

 

 
   

Total Affiliated Investment Companies
(cost $25,715,861)

  $ 24,876,601  
     

 

 

 
   

Total Long-Term Investments
(cost $105,279,302)

  $ 107,093,772  
     

 

 

 
SHORT-TERM INVESTMENTS - 1.8%  
          Repurchase Agreements - 1.8%      
    1,929,223    

Fixed Income Clearing Corp. Repurchase Agreement dated 10/30/2020 at 0.060%, due on 11/02/2020 with a maturity value of $1,929,233; collateralized by U.S. Treasury Note at 2.875%, maturing 05/15/2028, with a market value of $1,967,813

  $ 1,929,223  
     

 

 

 
          Securities Lending Collateral - 0.0%      
    22,440    

Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 0.02%(11)

    22,440  
    23    

Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 0.03%(11)

    23  
     

 

 

 
        22,463  
     

 

 

 
   

Total Short-Term Investments
(cost $1,951,686)

  $ 1,951,686  
     

 

 

 
                        

Total Investments Excluding Purchased Options
(cost $107,230,988)

    98.4    $     109,045,458  
   

Total Purchased Options
(cost $963,586)

    0.6      692,437  
     

 

 

    

 

 

 
   

Total Investments
(cost $108,194,574)

    99.0    $ 109,737,895  
   

Other Assets and Liabilities

    1.0      1,057,982  
     

 

 

    

 

 

 
   

Total Net Assets

    100.0    $ 110,795,877  
     

 

 

    

 

 

 

 

Note:

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

 

    

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

 

    

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

 

    

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

 

    

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

    

See “Glossary” for abbreviation descriptions.

 

*

Non-income producing.

 

 

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

 

 

  61  

 


Hartford AARP Balanced Retirement Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

(1) 

Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions that are exempt from registration (typically only to qualified institutional buyers) or in a public offering registered under the Securities Act of 1933. At October 31, 2020, the aggregate value of these securities was $17,430,541, representing 15.7% of net assets.

 

(2) 

Variable rate securities; the rate reported is the coupon rate in effect at October 31, 2020. Base lending rates may be subject to a floor or cap.

 

(3) 

Variable or floating rate security, which interest rate adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. Rate shown is the rate in effect as of period end.

 

(4) 

Securities disclosed are interest-only strips.

 

(5) 

Security is a “step-up” bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate.

 

(6) 

These securities are valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At October 31, 2020, the aggregate fair value of these securities was $284,848, which represented 0.3% of total net assets. This amount excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors.

(7) 

Investment valued using significant unobservable inputs.

 

(8) 

Fixed to variable rate investment. The rate shown reflects the fixed rate in effect at October 31, 2020. Rate will reset at a future date. Base lending rates may be subject to a floor or cap.

 

(9) 

Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information.

 

(10) 

Investment in securities not registered under the Securities Act of 1933 (excluding securities acquired pursuant to Rule 144A and Regulation S). At the end of the period, the value of such restricted securities amounted to $54,660 or 0.0% of net assets.

 

Period
Acquired
    

Security Name

   Shares      Total Cost      Market Value  
  06/2015      Airbnb, Inc. Series E Convertible Preferred      1,310      $     60,977      $     54,660  

 

(11) 

Current yield as of period end.

 
Exchange-Traded Option Contracts Outstanding at October 31, 2020         

Description

   Exercise Price/
FX Rate/ Rate
     Expiration
Date
     Number of
Contracts
     Notional
Amount
     Market
Value
     Premiums
Paid
(Received)
by Fund
     Unrealized
Appreciation/
(Depreciation)
 
Purchased option contracts:                                                       
Puts                                                       

S&P 500 Index Option

     2,525.00    USD        03/19/2021        10        USD       2,525,000      $ 58,500      $ 198,080      $ (139,580

iShares MSCI Emerging Markets Option

     32.00    USD        03/19/2021        170        USD       544,000        7,395        39,587        (32,192

iShares MSCI EAFE ETF Option

     50.00    USD        03/19/2021        243        USD       1,215,000        21,141        81,419        (60,278

S&P 500 Index Option

     2,800.00    USD        06/18/2021        10        USD       2,800,000        139,200        177,544        (38,344

iShares MSCI Emerging Markets Option

     36.00    USD        06/18/2021        170        USD       612,000        22,525        37,328        (14,803

iShares MSCI EAFE ETF Option

     56.00    USD        06/18/2021        243        USD       1,360,800        63,666        75,561        (11,895

S&P 500 Index Option

     3,050.00    USD        09/17/2021        10        USD       3,050,000        248,500        224,803        23,697  

iShares MSCI Emerging Markets Option

     40.00    USD        09/17/2021        170        USD       680,000        44,030        50,780        (6,750

iShares MSCI EAFE ETF Option

     57.00    USD        09/17/2021        243        USD       1,385,100        87,480        78,484        8,996  
                

 

 

    

 

 

    

 

 

 

Total Puts

                 $ 692,437      $ 963,586      $ (271,149
                

 

 

    

 

 

    

 

 

 

Total purchased exchange-traded option contracts

                 $     692,437      $     963,586      $     (271,149
                

 

 

    

 

 

    

 

 

 

 

Futures Contracts Outstanding at October 31, 2020  

Description

   Number of
Contracts
     Expiration
Date
     Current
Notional
Amount
     Value and
Unrealized
Appreciation/
(Depreciation)
 
Long position contracts:  

U.S. Treasury 10-Year Note Future

     54        12/21/2020      $ 7,463,813      $ (71,818
           

 

 

 
Short position contracts:  

U.S. Treasury 10-Year Ultra Future

     10        12/21/2020      $     1,572,813      $ 27,810  
           

 

 

 

Total futures contracts

            $     (44,008
           

 

 

 

 

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

 

 

  62  

 


Hartford AARP Balanced Retirement Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Foreign Currency Contracts Outstanding at October 31, 2020  
Amount and Description of
Currency to be Purchased
   Amount and Description of
Currency to be Sold
     Counterparty      Settlement
Date
    Appreciation     Depreciation  
  6,059,471      USD      5,114,000        EUR        CBK        11/30/2020     $ 99,513     $  
  3,777,942      USD      2,900,000        GBP        BCLY        11/30/2020       20,297        
  5,158,079      USD      541,000,000        JPY        JPM        11/30/2020             (11,089
                

 

 

   

 

 

 
 

Total Foreign Currency Contracts

             $ 119,810     $ (11,089
 

 

 

   

 

 

 

 

 

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

Fair Value Summary

The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.

 

Description

   Total     Level 1     Level 2     Level 3(1)  

Assets

 

Asset & Commercial Mortgage-Backed Securities

   $ 11,421,914     $     $ 11,217,660     $ 204,254  

Corporate Bonds

     22,940,433             22,940,433        

Municipal Bonds

     446,246             446,246        

U.S. Government Agencies

     5,360,748             5,360,748        

U.S. Government Securities

     6,772,105             6,772,105        

Common Stocks

 

Banks

     982,006       982,006              

Capital Goods

     3,012,594       1,712,921       1,299,673        

Commercial & Professional Services

     312,817             312,817        

Consumer Durables & Apparel

     799,016       729,486       69,530        

Consumer Services

     1,502,063       968,211       533,852        

Diversified Financials

     29,393       29,393              

Energy

     1,644,726       645,048       973,860       25,818  

Food, Beverage & Tobacco

     3,775,192       1,732,324       2,042,868        

Health Care Equipment & Services

     3,066,998       2,091,620       975,378        

Household & Personal Products

     2,379,603       1,612,792       766,811        

Insurance

     1,573,470       560,432       1,013,038        

Materials

     4,723,588       2,758,926       1,964,662        

Pharmaceuticals, Biotechnology & Life Sciences

     2,817,059       1,609,585       1,207,474        

Real Estate

     2,724,736       1,892,205       832,531        

Retailing

     445,794       445,794              

Software & Services

     2,656,283       2,031,256       625,027        

Telecommunication Services

     564,949             564,949        

Transportation

     1,268,036       1,268,036              

Utilities

     905,527       174,482       731,045        

Preferred Stocks

     37,099             37,099        

Convertible Preferred Stocks

     54,660                   54,660  

Warrants

     116                   116  

Affiliated Investment Companies

     24,876,601       24,876,601              

Short-Term Investments

     1,951,686       22,463       1,929,223        

Purchased Options

     692,437       692,437              

Foreign Currency Contracts(2)

     119,810             119,810        

Futures Contracts(2)

     27,810       27,810              
  

 

 

   

 

 

   

 

 

   

 

 

 

Total

   $     109,885,515     $     46,863,828     $     62,736,839     $     284,848  
  

 

 

   

 

 

   

 

 

   

 

 

 

Liabilities

 

Foreign Currency Contracts(2)

   $ (11,089   $     $ (11,089   $  

Futures Contracts(2)

     (71,818     (71,818            
  

 

 

   

 

 

   

 

 

   

 

 

 

Total

   $ (82,907   $ (71,818   $ (11,089   $  
  

 

 

   

 

 

   

 

 

   

 

 

 

 

(1) 

For the year ended October 31, 2020, investments valued at $47,001 were transferred out of Level 3 due to the expiration of trading restrictions and there were no transfers in to Level 3.

 

(2) 

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

Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for year ended October 31, 2020 is not presented.

 

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

 

 

  63  

 


The Hartford Checks and Balances Fund

Schedule of Investments

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
AFFILIATED INVESTMENT COMPANIES - 99.8%      
      Domestic Equity Funds - 65.4%      
  12,318,428    

The Hartford Capital Appreciation Fund, Class F

  $ 476,230,437  
  20,022,876    

The Hartford Dividend and Growth Fund, Class F

    482,551,309  
   

 

 

 
 

Total Domestic Equity Funds
(cost $921,641,443)

  $ 958,781,746  
   

 

 

 
      Taxable Fixed Income Funds - 34.4%      
  12,264,735    

Hartford Total Return Bond ETF

    504,816,492  
   

 

 

 
 

Total Taxable Fixed Income Funds
(cost $477,421,879)

  $ 504,816,492  
   

 

 

 
 

Total Affiliated Investment Companies
(cost $1,399,063,322)

  $ 1,463,598,238  
   

 

 

 
SHORT-TERM INVESTMENTS - 0.2%  
      Other Investment Pools & Funds - 0.2%  
  3,532,318    

BlackRock Liquidity Funds, FedFund Portfolio, Institutional Class, 0.04%(1)

  $ 3,532,318  
   

 

 

 
 

Total Short-Term Investments
(cost $3,532,318)

  $ 3,532,318  
   

 

 

 
 

Total Investments
(cost $1,402,595,640)

    100.0    $ 1,467,130,556  
 

Other Assets and Liabilities

    0.0      58,208  
   

 

 

    

 

 

 
 

Total Net Assets

    100.0    $ 1,467,188,764  
   

 

 

    

 

 

 
Note:

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

 

    

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

    

See “Glossary” for abbreviation descriptions.

 

(1) 

Current yield as of period end.

 

 

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

 

Fair Value Summary

The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.

 

Description

   Total      Level 1      Level 2      Level 3(1)  

Assets

 

Affiliated Investment Companies

   $ 1,463,598,238      $ 1,463,598,238      $      $  

Short-Term Investments

     3,532,318        3,532,318                
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $     1,467,130,556      $     1,467,130,556      $     —      $     —  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(1) 

For the year ended October 31, 2020, there were no transfers in and out of Level 3.

 

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

 

 

  64  

 


The Hartford Conservative Allocation Fund

Schedule of Investments

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
AFFILIATED INVESTMENT COMPANIES - 99.5%  
      Domestic Equity Funds - 25.5%  
  294,547    

Hartford Core Equity Fund, Class F

  $ 10,659,674  
  166,463    

Hartford Multifactor US Equity ETF

    5,168,676  
  264,464    

Hartford Small Cap Value Fund, Class F

    2,197,699  
  351,416    

The Hartford Equity Income Fund, Class F

    6,128,690  
  58,004    

The Hartford Growth Opportunities Fund, Class F

    3,408,915  
  78,458    

The Hartford MidCap Fund, Class F

    2,510,642  
  103,298    

The Hartford Small Company Fund, Class F

    2,839,671  
   

 

 

 
 

Total Domestic Equity Funds
(cost $29,428,470)

  $ 32,913,967  
   

 

 

 
      International/Global Equity Funds - 8.3%      
  110,287    

Hartford Emerging Markets Equity Fund, Class F

    992,582  
  140,453    

Hartford Multifactor Developed Markets (ex-US) ETF

    3,514,134  
  210,044    

Hartford Schroders International Multi-Cap Value Fund, Class F

    1,629,945  
  101,231    

The Hartford International Growth Fund, Class F

    1,619,699  
  177,466    

The Hartford International Opportunities Fund, Class F

    2,942,389  
   

 

 

 
 

Total International/Global Equity Funds
(cost $10,904,946)

  $ 10,698,749  
   

 

 

 
      Taxable Fixed Income Funds - 65.7%      
  665,243    

Hartford Core Bond ETF

    27,852,061  
  310,376    

Hartford Short Duration ETF

    12,697,482  
  582,446    

The Hartford Inflation Plus Fund, Class F

    6,604,939  
  1,205,408    

The Hartford Strategic Income Fund, Class F

    10,896,884  
  2,478,741    

The Hartford World Bond Fund, Class F

    26,522,531  
   

 

 

 
 

Total Taxable Fixed Income Funds
(cost $83,290,451)

  $ 84,573,897  
   

 

 

 
 

Total Affiliated Investment Companies
(cost $123,623,867)

  $ 128,186,613  
   

 

 

 
Shares or Principal Amount   Market Value  
SHORT-TERM INVESTMENTS - 0.4%  
      Other Investment Pools & Funds - 0.4%      
  483,270    

BlackRock Liquidity Funds, FedFund Portfolio, Institutional Class, 0.04%(1)

  $ 483,270  
   

 

 

 
 

Total Short-Term Investments
(cost $483,270)

  $ 483,270  
   

 

 

 
 

Total Investments
(cost $124,107,137)

    99.9    $ 128,669,883  
 

Other Assets and Liabilities

    0.1      86,807  
   

 

 

    

 

 

 
 

Total Net Assets

    100.0    $ 128,756,690  
   

 

 

    

 

 

 

 

Note:

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

 

    

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

    

See “Glossary” for abbreviation descriptions.

 

(1) 

Current yield as of period end.

 

 

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

 

Fair Value Summary

The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.

 

Description

   Total      Level 1      Level 2      Level 3(1)  

Assets

 

Affiliated Investment Companies

   $     128,186,613      $     128,186,613      $     —      $     —  

Short-Term Investments

     483,270        483,270                
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 128,669,883      $ 128,669,883      $      $  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(1)

For the year ended October 31, 2020, there were no transfers in and out of Level 3.

 

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

 

 

  65  

 


The Hartford Global Real Asset Fund (consolidated)

Schedule of Investments

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
COMMON STOCKS - 60.5%      
          Automobiles & Components - 0.3%  
    2,424    

Aptiv plc

  $ 233,892  
    6,510    

NOK Corp.

    74,240  
    366    

Tesla, Inc.*

    142,022  
     

 

 

 
      450,154  
     

 

 

 
          Banks - 0.8%  
    9,864    

ABN Amro Bank N.V.*(1)

    81,026  
    43,271    

AIB Group plc*

    48,948  
    30,808    

Bank of Ireland Group plc*

    76,442  
    20,076    

BPER Banca*(2)

    23,853  
    47,157    

CaixaBank S.A.

    86,042  
    3,481    

KB Financial Group, Inc.

    124,515  
    28,466    

Mitsubishi UFJ Financial Group, Inc.

    112,210  
    26,637    

Resona Holdings, Inc.

    87,821  
    3,900    

Shinhan Financial Group Co., Ltd.

    105,816  
    4,282    

Societe Generale S.A.*

    58,183  
    18,139    

Standard Chartered plc*

    82,892  
    3,987    

Sumitomo Mitsui Financial Group, Inc.

    110,368  
    3,156    

Sumitomo Mitsui Trust Holdings, Inc.

    84,857  
    62,211    

Unicaja Banco S.A.*(1)

    39,835  
    10,804    

UniCredit S.p.A.*

    80,915  
     

 

 

 
      1,203,723  
     

 

 

 
          Capital Goods - 4.0%  
    5,472    

ABB Ltd.

    132,778  
    2,525    

Advanced Drainage Systems, Inc.

    160,161  
    1,135    

Altra Industrial Motion Corp.

    48,533  
    1,236    

American Woodmark Corp.*

    102,106  
    9,936    

Arcadis N.V.*

    230,883  
    1,609    

BMC Stock Holdings, Inc.*

    63,700  
    1,366    

Builders FirstSource, Inc.*

    41,390  
    6,679    

Chiyoda Corp.*

    14,484  
    13,063    

Cie de Saint-Gobain*

    508,850  
    1,600    

Daikin Industries Ltd.

    299,413  
    1,160    

Deere & Co.

    262,055  
    1,642    

Eaton Corp. plc

    170,423  
    2,979    

Fortune Brands Home & Security, Inc.

    240,912  
    1,347    

Hubbell, Inc.

    196,002  
    1,540    

Ingersoll Rand, Inc.*

    53,807  
    17,159    

JELD-WEN Holding, Inc.*

    360,854  
    7,078    

JGC Holdings Corp.

    58,198  
    5,975    

Kennametal, Inc.

    185,225  
    9,100    

Kyudenko Corp.

    248,350  
    4,016    

Middleby Corp.*

    399,753  
    10,141    

PGT Innovations, Inc.*

    168,138  
    684    

Rockwool International A/S Class B

    267,730  
    3,687    

Rush Enterprises, Inc. Class A

    132,142  
    2,825    

Siemens AG

    331,418  
    2,199    

Vestas Wind Systems A/S

    377,269  
    7,680    

Vinci S.A.

    606,605  
    2,290    

Xylem, Inc.

    199,550  
     

 

 

 
      5,860,729  
     

 

 

 
          Commercial & Professional Services - 1.2%  
    2,942    

Adecco Group AG

    144,258  
    430,100    

China Everbright Environment Group Ltd.

    216,992  
    6,774    

Clean Harbors, Inc.*

    358,819  
    42,703    

Hays plc*

    58,967  
    11,747    

Pagegroup plc*

    54,421  
    53,331    

Smart Metering Systems plc

    401,414  
    1,357    

Verisk Analytics, Inc.

    241,505  
    1,792    

Waste Management, Inc.

    193,375  
     

 

 

 
      1,669,751  
     

 

 

 
          Consumer Durables & Apparel - 1.7%  
    3,293    

Berkeley Group Holdings plc

    173,140  
    1,129    

Cavco Industries, Inc.*

    194,346  
Shares or Principal Amount   Market Value  
COMMON STOCKS - 60.5% - (continued)      
          Consumer Durables & Apparel - 1.7% - (continued)  
    6,102    

Century Communities, Inc.*

  $ 237,002  
    2,358    

D.R. Horton, Inc.

    157,538  
    9,200    

Fujitsu General Ltd.

    255,357  
    4,619    

Kaufman & Broad S.A.

    164,606  
    4,884    

Lennar Corp. Class A

    343,003  
    11,400    

Sekisui Chemical Co., Ltd.

    177,707  
    18,831    

Skyline Champion Corp.*

    483,015  
    6,526    

Smith & Wesson Brands, Inc.

    108,266  
    1,157    

Sturm Ruger & Co., Inc.

    77,357  
    1,316    

Toll Brothers, Inc.

    55,641  
    2,554    

TRI Pointe Group, Inc.*

    41,962  
     

 

 

 
      2,468,940  
     

 

 

 
          Consumer Services - 0.5%  
    1,951    

Caesars Entertainment, Inc.*

    87,444  
    1,389    

Hyatt Hotels Corp. Class A

    76,589  
    28,111    

Melia Hotels International S.A.*

    104,184  
    1,100    

Oriental Land Co., Ltd.

    153,976  
    18,400    

Sands China Ltd.

    64,577  
    772    

Vail Resorts, Inc.

    179,135  
     

 

 

 
      665,905  
     

 

 

 
          Diversified Financials - 1.2%  
    2,543    

Berkshire Hathaway, Inc. Class B*

    513,431  
    4,624    

Brookfield Asset Management, Inc. Class A

    137,703  
    11,160    

Hannon Armstrong Sustainable Infrastructure Capital, Inc. REIT

    467,046  
    1,094    

Julius Baer Group Ltd.

    48,689  
    933    

Moody’s Corp.

    245,286  
    475    

S&P Global, Inc.

    153,297  
    13,197    

UBS Group AG

    153,639  
    9,540    

Uranium Participation Corp.*

    28,642  
     

 

 

 
      1,747,733  
     

 

 

 
          Energy - 9.3%  
    15,669    

Advantage Oil & Gas Ltd.*(2)

    25,874  
    1,940    

Ampol Ltd.

    35,374  
    24,368    

ARC Resources Ltd.

    119,984  
    250,551    

BP plc

    639,076  
    23,783    

BP plc ADR

    368,161  
    7,262    

Brigham Minerals, Inc. Class A

    64,051  
    2,681    

Cabot Oil & Gas Corp.

    47,695  
    11,191    

Cameco Corp.

    106,341  
    10,237    

Canadian Natural Resources Ltd.

    162,917  
    5,574    

Chevron Corp.

    387,393  
    323,189    

China Oilfield Services Ltd. Class H

    195,168  
    180,000    

China Petroleum & Chemical Corp. Class H

    70,285  
    24,070    

China Shenhua Energy Co., Ltd. Class H

    41,705  
    3,559    

Cimarex Energy Co.

    90,292  
    135,408    

CNOOC Ltd.

    123,892  
    788    

Concho Resources, Inc.

    32,710  
    9,277    

ConocoPhillips

    265,508  
    3,042    

Diamondback Energy, Inc.

    78,970  
    224    

Drilling Co.*(2)

    4,231  
    6,000    

Ecopetrol S.A. ADR

    55,500  
    31,142    

Enbridge, Inc.

    858,085  
    58,971    

Eni S.p.A.

    413,094  
    3,380    

EOG Resources, Inc.

    115,731  
    4,357    

EQT Corp.

    65,965  
    11,200    

Equinor ASA ADR

    143,696  
    12,989    

Exxon Mobil Corp.

    423,701  
    20,000    

Formosa Petrochemical Corp.

    54,958  
    4,319    

Fugro N.V.*(2)

    16,483  
    14,784    

Galp Energia SGPS S.A.

    120,064  
    67,434    

Gazprom PJSC ADR

    258,343  
    1,738    

GS Holdings Corp.

    50,799  
 

 

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

 

 

  66  

 


The Hartford Global Real Asset Fund (consolidated)

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
COMMON STOCKS - 60.5% - (continued)      
          Energy - 9.3% - (continued)  
    11,816    

Headwater Exploration, Inc.*

  $ 11,352  
    21,545    

Hindustan Petroleum Corp. Ltd.

    54,574  
    30,968    

Inpex Corp.

    146,863  
    1,554    

Japan Petroleum Exploration Co., Ltd.

    24,572  
    35,220    

JXTG Holdings, Inc.

    118,842  
    4,515    

LUKOIL PJSC ADR

    231,002  
    2,452    

Lundin Energy AB

    46,874  
    3,499    

Magnolia Oil & Gas Corp. Class A*

    15,186  
    5,530    

Marathon Petroleum Corp.

    163,135  
    11,199    

MOL Hungarian Oil & Gas plc*

    54,381  
    5,583    

Motor Oil Hellas Corinth Refineries S.A.

    52,200  
    3,055    

Neste Oyj

    159,329  
    121,948    

Oil & Natural Gas Corp. Ltd.

    106,767  
    5,584    

OMV AG

    129,082  
    21,378    

Origin Energy Ltd.

    60,106  
    3,259    

Ovintiv, Inc.

    30,014  
    11,365    

Parex Resources, Inc.*

    110,639  
    6,139    

Parsley Energy, Inc. Class A

    61,451  
    4,060    

PDC Energy, Inc.*

    48,395  
    84,775    

Petroleo Brasileiro S.A.

    280,714  
    12,400    

Petronas Dagangan Bhd

    51,414  
    16,983    

Petronet LNG Ltd.

    52,904  
    1,914    

Phillips 66

    89,307  
    717    

Pioneer Natural Resources Co.

    57,045  
    5,805    

Polski Koncern Naftowy ORLEN S.A.

    55,949  
    22,200    

PTT Exploration & Production PCL

    56,092  
    73,600    

PTT PCL

    72,614  
    3,782    

QEP Resources, Inc.

    3,404  
    11,640    

Repsol S.A.

    73,077  
    40,720    

Rosneft Oil Co. PJSC GDR

    177,740  
    14,155    

Royal Dutch Shell plc Class A

    178,063  
    32,946    

Royal Dutch Shell plc Class A ADR(2)

    841,770  
    50,468    

Royal Dutch Shell plc Class B

    608,610  
    18,881    

Saipem S.p.A.(2)

    33,266  
    18,591    

Santos Ltd.

    61,804  
    7,494    

Schlumberger Ltd.

    111,960  
    17,457    

Southwestern Energy Co.*

    46,610  
    7,496    

Suncor Energy, Inc.

    84,630  
    35,448    

Surgutneftegas PJSC ADR

    145,598  
    2,204    

Tatneft PJSC ADR

    68,496  
    23,890    

TC Energy Corp.

    940,828  
    11,950    

Tenaris S.A.

    57,026  
    3,773    

Tenaris S.A. ADR

    36,070  
    38,972    

Total SE

    1,180,723  
    19,487    

Total SE ADR

    591,041  
    6,348    

Tourmaline Oil Corp.

    82,239  
    21,311    

Trican Well Service Ltd.*(2)

    18,555  
    22,590    

Tupras Turkiye Petrol Rafinerileri A.S.*(2)

    201,991  
    3,670    

Viper Energy Partners L.P.

    25,727  
    6,088    

Woodside Petroleum Ltd.

    75,091  
    2,655    

WPX Energy, Inc.*

    12,240  
    51,360    

YPF S.A. ADR*

    165,379  
     

 

 

 
    13,598,787  
 

 

 

 
      Food & Staples Retailing - 0.1%  
    44,242    

J Sainsbury plc

    115,482  
     

 

 

 
      Food, Beverage & Tobacco - 0.8%  
    11,500    

Archer-Daniels-Midland Co.

    531,760  
    3,100    

Bunge Ltd.

    175,863  
    171,800    

Charoen Pokphand Indonesia Tbk PT

    67,681  
    1,300    

Ingredion, Inc.

    92,157  
    19,800    

Kuala Lumpur Kepong Bhd

    100,999  
    232,122    

Perusahaan Perkebunan London Sumatra Indonesia Tbk PT

    15,229  
    66,800    

Sime Darby Bhd

    77,797  
Shares or Principal Amount   Market Value  
COMMON STOCKS - 60.5% - (continued)      
      Food, Beverage & Tobacco - 0.8% - (continued)  
    51,500    

Wilmar International Ltd.

  $ 152,468  
     

 

 

 
    1,213,954  
 

 

 

 
      Insurance - 0.4%  
    4,517    

Assicurazioni Generali S.p.A.

    60,592  
    5,551    

Dai-ichi Life Holdings, Inc.

    82,907  
    1,003    

Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen

    235,080  
    124,750    

Shin Kong Financial Holding Co., Ltd.

    34,748  
    13,257    

T&D Holdings, Inc.

    132,492  
    7,366    

Tongyang Life Insurance Co., Ltd.

    20,573  
     

 

 

 
    566,392  
 

 

 

 
      Materials - 18.1%  
    4,350    

Alcoa Corp.*

    56,202  
    45,187    

Alrosa PJSC*

    40,601  
    423,751    

Angang Steel Co., Ltd. Class H

    124,422  
    32,928    

Anglo American plc

    772,595  
    10,840    

ArcelorMittal S.A.*

    147,424  
    2,835    

Arconic Corp.*

    61,633  
    172,013    

Baoshan Iron & Steel Co., Ltd. Class A

    137,366  
    30,961    

Barrick Gold Corp.

    827,765  
    14,920    

BHP Group Ltd. ADR(2)

    717,801  
    106,027    

BHP Group plc

    2,053,992  
    11,630    

BHP Group plc ADR

    452,058  
    19,553    

BlueScope Steel Ltd.

    201,957  
    2,321    

Canfor Corp.*

    28,152  
    213,648    

Centamin plc

    343,599  
    49,648    

Centerra Gold, Inc.

    433,763  
    4,300    

CF Industries Holdings, Inc.

    118,723  
    171,592    

China BlueChemical Ltd. Class H

    24,406  
    209,500    

China Hongqiao Group Ltd.

    151,582  
    15,300    

Corteva, Inc.

    504,594  
    65,000    

Dundee Precious Metals, Inc.

    431,284  
    44,632    

Eldorado Gold Corp.*

    559,429  
    29,838    

Empresas CMPC S.A.

    62,049  
    41,306    

Endeavour Mining Corp.*

    1,013,195  
    115,633    

Eregli Demir ve Celik Fabrikalari T.A.S.

    132,232  
    83,080    

Evolution Mining Ltd.

    325,710  
    33,411    

Evraz plc

    155,584  
    4,990    

First Quantum Minerals Ltd.

    57,342  
    5,656    

FMC Corp.

    581,097  
    39,562    

Fortescue Metals Group Ltd.

    483,981  
    15,350    

Freeport-McMoRan, Inc.

    266,169  
    30,450    

Gerdau S.A. ADR

    116,015  
    9,774    

Gold Fields Ltd.

    105,708  
    99,100    

Grupo Mexico S.A.B. de C.V. Class B

    282,562  
    11,630    

Harmony Gold Mining Co., Ltd.*

    57,920  
    125,039    

Hochschild Mining plc*

    356,682  
    155,880    

Hunan Valin Steel Co., Ltd. Class A

    118,363  
    105,830    

IAMGOLD Corp.*

    387,685  
    1,416    

Imerys S.A.

    42,326  
    5,672    

Impala Platinum Holdings Ltd.

    50,483  
    18,203    

Israel Chemicals Ltd.

    66,038  
    129,500    

Jinduicheng Molybdenum Co., Ltd. Class A

    109,899  
    83,363    

Kinross Gold Corp.

    663,457  
    489    

Korea Zinc Co., Ltd.

    165,383  
    4,897    

Kumba Iron Ore Ltd.

    145,389  
    4,143    

Kyoei Steel Ltd.

    52,162  
    3,449    

LafargeHolcim Ltd.*

    148,030  
    1,585    

Louisiana-Pacific Corp.

    45,299  
    17,420    

Lundin Mining Corp.

    105,255  
    20,010    

Magnitogorsk Iron & Steel Works PJSC GDR

    122,763  
    5,200    

Maruichi Steel Tube Ltd.

    119,296  
    15,590    

MMC Norilsk Nickel PJSC ADR

    371,578  
    9,922    

Mondi plc

    188,055  
 

 

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

 

 

  67  

 


The Hartford Global Real Asset Fund (consolidated)

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
COMMON STOCKS - 60.5% - (continued)      
      Materials - 18.1% - (continued)  
    7,000    

Mosaic Co.

  $ 129,500  
    27,991    

Newcrest Mining Ltd.

    580,463  
    10,309    

Newmont Corp.

    647,818  
    76,000    

Nine Dragons Paper Holdings Ltd.

    101,371  
    40,649    

Norsk Hydro ASA*

    114,239  
    6,842    

Novolipetsk Steel PJSC GDR

    158,929  
    12,130    

Nucor Corp.

    579,329  
    11,700    

Nutrien Ltd.

    475,623  
    23,764    

OceanaGold Corp.*

    31,036  
    20,600    

Oji Holdings Corp.

    86,817  
    1,748    

Pacific Metals Co., Ltd.

    26,996  
    378,500    

Pangang Group Vanadium Titanium & Resources Co., Ltd. Class A*

    112,718  
    543,176    

Perseus Mining Ltd.*

    469,784  
    1,751    

POSCO

    323,242  
    38,200    

Pretium Resources, Inc.*

    465,924  
    211,690    

Ramelius Resources Ltd.

    289,011  
    155,951    

Regis Resources Ltd.

    457,736  
    40,717    

Resolute Mining Ltd.*

    23,125  
    28,830    

Rio Tinto plc

    1,630,664  
    16,320    

Rio Tinto plc ADR

    926,486  
    3,700    

Salzgitter AG*

    53,830  
    118,500    

Sansteel Minguang Co., Ltd. Fujian Class A

    116,652  
    12,122    

Severstal PAO GDR

    165,701  
    347,600    

Shandong Nanshan Aluminum Co., Ltd. Class A

    122,169  
    84,471    

Sibanye Stillwater Ltd.

    249,081  
    150,686    

South32 Ltd.

    215,026  
    8,397    

Southern Copper Corp.

    439,499  
    11,093    

Steel Dynamics, Inc.

    349,208  
    12,100    

Stora Enso Oyj Class R

    176,575  
    11,100    

Suzano S.A.*

    96,821  
    12,844    

Svenska Cellulosa AB SCA Class B*

    173,735  
    7,813    

Teck Resources Ltd. Class B

    102,684  
    24,600    

Torex Gold Resources, Inc.*

    331,619  
    14,682    

UPL Ltd.

    89,702  
    11,547    

UPM-Kymmene Oyj

    326,306  
    32,520    

Vale S.A. ADR

    343,736  
    85,900    

Vedanta Ltd.

    111,115  
    1,185    

Vicat S.A.

    36,435  
    1,155    

Warrior Met Coal, Inc.

    17,325  
    607    

West Fraser Timber Co., Ltd.

    28,152  
    28,165    

Western Areas Ltd.

    38,052  
    3,134    

Yamato Kogyo Co., Ltd.

    75,263  
    3,823    

Yara International ASA

    133,788  
     

 

 

 
    26,510,340  
 

 

 

 
      Media & Entertainment - 1.0%  
    1,232    

Charter Communications, Inc. Class A*

    743,906  
    16,692    

Comcast Corp. Class A

    705,070  
     

 

 

 
    1,448,976  
 

 

 

 
      Real Estate - 8.9%  
    1,060    

Aedifica S.A. REIT

    106,827  
    2,563    

Agree Realty Corp. REIT

    159,085  
    2,233    

Alexandria Real Estate Equities, Inc. REIT

    338,344  
    4,137    

American Tower Corp. REIT

    950,062  
    5,583    

Americold Realty Trust REIT

    202,272  
    2,075    

Boston Properties, Inc. REIT

    150,251  
    7,312    

British Land Co. plc REIT

    33,020  
    24,474    

Brixmor Property Group, Inc. REIT

    268,235  
    2,577    

Camden Property Trust REIT

    237,702  
    4,887    

Catena AB

    198,898  
    29,785    

China Resources Land Ltd.

    121,811  
    12,055    

CK Asset Holdings Ltd.

    55,977  
    94    

Comforia Residential REIT, Inc. REIT

    268,815  
    1,713    

Crown Castle International Corp. REIT

    267,571  
Shares or Principal Amount   Market Value  
COMMON STOCKS - 60.5% - (continued)      
      Real Estate - 8.9% - (continued)  
    4,718    

Deutsche Wohnen SE

  $ 238,131  
    3,416    

Digital Realty Trust, Inc. REIT

    492,929  
    5,330    

Douglas Emmett, Inc. REIT

    125,788  
    778    

Equinix, Inc. REIT

    568,905  
    2,637    

Equity LifeStyle Properties, Inc. REIT

    156,084  
    6,865    

Fastighets AB Balder Class B*

    323,092  
    8,872    

Five Point Holdings LLC Class A*

    37,174  
    23,499    

Goodman Group REIT

    304,151  
    28,190    

Grainger plc

    102,127  
    13,357    

Healthpeak Properties, Inc. REIT

    360,238  
    238    

Ichigo Office REIT Investment Corp. REIT(2)

    153,906  
    44,300    

Ichigo, Inc.

    125,575  
    17,841    

Independence Realty Trust, Inc. REIT

    216,768  
    9,225    

Invitation Homes, Inc. REIT

    251,474  
    7,940    

Katitas Co., Ltd.

    225,265  
    7,642    

Killam Apartment Real Estate Investment Trust REIT

    91,833  
    10,835    

Kojamo Oyj

    223,339  
    4,811    

Land Securities Group plc REIT

    31,743  
    1,553    

Life Storage, Inc. REIT

    177,275  
    45,400    

Link REIT

    346,486  
    42,574    

Medical Properties Trust, Inc. REIT

    758,669  
    4,992    

Mitsubishi Estate Co., Ltd.

    74,460  
    20,700    

Mitsui Fudosan Co., Ltd. REIT

    352,470  
    55,750    

New World Development Co., Ltd.

    266,172  
    4,543    

Nexity S.A.

    127,513  
    3,619    

PotlatchDeltic Corp. REIT

    150,369  
    7,466    

Prologis, Inc. REIT

    740,627  
    1,365    

PSP Swiss Property AG

    165,064  
    15,810    

Retail Opportunity Investments Corp. REIT

    153,831  
    5,634    

Rexford Industrial Realty, Inc. REIT

    261,756  
    16,894    

Safestore Holdings plc REIT

    175,866  
    66,000    

Shimao Group Holdings Ltd.

    233,793  
    1,081    

Shimao Services Holdings Ltd.*(1)

    2,315  
    1,594    

Sun Communities, Inc. REIT

    219,382  
    18,100    

Tokyo Tatemono Co., Ltd.

    208,172  
    4,199    

UDR, Inc. REIT

    131,177  
    8,047    

UNITE Group plc*

    86,841  
    15,415    

VICI Properties, Inc. REIT

    353,774  
    6,751    

Vonovia SE

    431,142  
    7,058    

Weyerhaeuser Co., REIT

    192,613  
     

 

 

 
    12,997,159  
 

 

 

 
      Retailing - 0.1%  
    50,599    

Petrobras Distribuidora S.A.

    169,135  
    4,996    

Xebio Holdings Co., Ltd.

    32,626  
     

 

 

 
    201,761  
 

 

 

 
      Semiconductors & Semiconductor Equipment - 0.2%  
    3,792    

First Solar, Inc.*

    330,075  
     

 

 

 
      Software & Services - 0.3%  
    2,583    

Aspen Technology, Inc.*

    283,639  
    18,200    

NEXTDC Ltd.*

    162,960  
     

 

 

 
    446,599  
 

 

 

 
      Technology Hardware & Equipment - 0.5%  
    4,843    

Hexagon AB Class B*

    354,978  
    3,068    

Itron, Inc.*

    208,471  
    4,660    

Trimble, Inc.*

    224,286  
     

 

 

 
    787,735  
 

 

 

 
      Telecommunication Services - 1.4%  
    42,618    

BT Group plc

    55,972  
    6,028    

Cellnex Telecom S.A.(1)

    386,943  
    16,418    

China Mobile Ltd.

    100,421  
    305,108    

China Telecom Corp. Ltd. Class H

    95,776  
 

 

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

 

 

  68  

 


The Hartford Global Real Asset Fund (consolidated)

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
COMMON STOCKS - 60.5% - (continued)      
      Telecommunication Services - 1.4% - (continued)  
    3,244,570    

China Tower Corp. Ltd. Class H(1)

  $ 507,758  
    185,255    

China Unicom Hong Kong Ltd.

    114,189  
    22,900    

KDDI Corp.

    619,559  
    2,986    

KT Corp.

    58,318  
    4,554    

KT Corp. ADR

    43,810  
    8,465    

MTN Group Ltd.

    30,224  
     

 

 

 
    2,012,970  
 

 

 

 
      Transportation - 1.2%  
    100    

AP Moller - Maersk A/S Class B

    160,263  
    6,418    

Canadian National Railway Co.

    637,561  
    4,027    

D/S Norden A/S

    57,262  
    207    

FedEx Corp.

    53,710  
    12,250    

Japan Airport Terminal Co., Ltd.

    532,033  
    2,525    

JetBlue Airways Corp.*

    30,224  
    1,194    

Knight-Swift Transportation Holdings, Inc.

    45,360  
    382,163    

Pacific Basin Shipping Ltd.

    55,826  
    30,423    

PostNL N.V.*

    100,905  
     

 

 

 
    1,673,144  
 

 

 

 
      Utilities - 8.5%  
    11,062    

Atlantica Sustainable Infrastructure plc

    326,218  
    17,827    

Avangrid, Inc.

    879,584  
    96,777    

Beijing Enterprises Holdings Ltd.

    291,565  
    25,875    

CenterPoint Energy, Inc.

    546,739  
    59,259    

Centrica plc*

    28,539  
    1,189,000    

China Datang Corp. Renewable Power Co., Ltd. Class H

    173,765  
    1,682,346    

China Longyuan Power Group Corp. Ltd. Class H

    1,153,097  
    87,200    

Cia de Saneamento do Parana

    360,018  
    6,886    

Duke Energy Corp.

    634,269  
    58,655    

E.ON SE

    610,843  
    11,170    

Edison International

    625,967  
    84,451    

Enel S.p.A.

    671,428  
    66,704    

Engie S.A.*

    806,755  
    39,599    

ENN Energy Holdings Ltd.

    501,169  
    3,631    

Eversource Energy

    316,877  
    16,840    

Exelon Corp.

    671,748  
    16,857    

FirstEnergy Corp.

    500,990  
    131,816    

Guangdong Investment Ltd.

    195,498  
    55,635    

Iberdrola S.A.

    656,915  
    77,089    

National Grid plc

    917,011  
    5,474    

Pinnacle West Capital Corp.

    446,514  
    4,259    

Sempra Energy

    533,908  
    11,266    

Sunnova Energy International, Inc.*

    271,060  
    11,035    

UGI Corp.

    356,872  
     

 

 

 
    12,477,349  
 

 

 

 
 

Total Common Stocks
(cost $81,926,269)

  $ 88,447,658  
   

 

 

 
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 0.2%  
      Whole Loan Collateral CMO - 0.2%  
 

Connecticut Avenue Securities Trust

 

$     46,592    

2.25%, 10/25/2039, 1 mo. USD LIBOR + 2.100%(1)(3)

  $ 46,178  
    39,751    

2.30%, 09/25/2031, 1 mo. USD LIBOR + 2.150%(1)(3)

    39,486  
    38,838    

2.45%, 08/25/2031, 1 mo. USD LIBOR + 2.300%(1)(3)

    38,594  
 

Fannie Mae Connecticut Avenue Securities

 

    80,753    

2.35%, 01/25/2030, 1 mo. USD LIBOR + 2.200%(3)

    79,743  
Shares or Principal Amount   Market Value  
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 0.2% - (continued)  
      Whole Loan Collateral CMO - 0.2% - (continued)  
$     100,718    

3.15%, 10/25/2029, 1 mo. USD LIBOR + 3.000%(3)

  $ 101,448  
     

 

 

 
    305,449  
 

 

 

 
 

Total Asset & Commercial Mortgage-Backed Securities
(cost $284,598)

  $ 305,449  
   

 

 

 
CORPORATE BONDS - 0.3%  
      Aerospace/Defense - 0.0%  
$     50,000    

Boeing Co. 5.04%, 05/01/2027

  $ 54,943  
     

 

 

 
      Airlines - 0.0%  
    30,000    

JetBlue Airways Corp. 4.00%, 05/15/2034

    30,898  
     

 

 

 
      Construction Materials - 0.1%  
    57,000    

Eagle Materials, Inc. 4.50%, 08/01/2026

    59,187  
     

 

 

 
      Machinery-Diversified - 0.0%  
    10,000    

Westinghouse Air Brake Technologies Corp. 3.20%, 06/15/2025

    10,653  
     

 

 

 
      Oil & Gas - 0.1%  
    80,000    

Callon Petroleum Co. 6.25%, 04/15/2023

    31,200  
    115,000    

Centennial Resource Production LLC 5.38%, 01/15/2026(1)

    42,262  
    5,000    

Diamondback Energy, Inc. 4.75%, 05/31/2025

    5,456  
    45,000    

Matador Resources Co. 5.88%, 09/15/2026

    36,225  
    50,000    

Occidental Petroleum Corp. 4.40%, 04/15/2046

    33,611  
     

 

 

 
    148,754  
 

 

 

 
      Pipelines - 0.1%  
    50,000    

Antero Midstream Partners L.P. / Antero Midstream Finance Corp. 5.38%, 09/15/2024

    46,760  
    45,000    

EnLink Midstream Partners L.P. 4.85%, 07/15/2026

    38,405  
    30,000    

Gray Oak Pipeline LLC 3.45%, 10/15/2027(1)

    30,418  
     

 

 

 
    115,583  
 

 

 

 
 

Total Corporate Bonds
(cost $552,258)

  $ 420,018  
   

 

 

 
FOREIGN GOVERNMENT OBLIGATIONS - 2.7%  
      Argentina - 0.1%  
ARS     5,400,679    

Argentina Treasury Bond 1.20%, 03/18/2022(4)

  $ 63,493  
$     123,741    

Argentine Republic Government International Bond 0.13%, 07/09/2035

    40,463  
     

 

 

 
    103,956  
 

 

 

 
      Canada - 0.2%  
CAD     249,597    

Canadian Government Real Return Bond 4.25%, 12/01/2026(4)

    246,519  
     

 

 

 
      Germany - 0.7%  
 

Deutsche Bundesrepublik Inflation Linked Bond

 

EUR     704,003    

0.10%, 04/15/2026(4)(5)

    884,692  
    121,157    

0.50%, 04/15/2030(4)(5)

    167,498  
     

 

 

 
    1,052,190  
 

 

 

 
      Greece - 0.1%  
    41,225,000    

Hellenic Republic Government Bond 0.00%, 10/15/2042(6)

    129,634  
     

 

 

 
      Indonesia - 0.2%  
IDR     4,710,000,000    

Indonesia Treasury Bond 8.38%, 03/15/2034

    349,426  
     

 

 

 
      Japan - 0.8%  
 

Japanese Government CPI Linked Bond

 
JPY     83,981,845    

0.10%, 03/10/2026(4)

    797,585  
 

 

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

 

 

  69  

 


The Hartford Global Real Asset Fund (consolidated)

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
FOREIGN GOVERNMENT OBLIGATIONS - 2.7% - (continued)  
      Japan - 0.8% - (continued)  
JPY     35,644,968    

0.10%, 03/10/2028(4)

  $ 339,137  
     

 

 

 
        1,136,722  
 

 

 

 
      Mexico - 0.2%  
MXN     2,643,900    

Mexican Bonos 8.00%, 11/07/2047

    135,657  
    2,560,185    

Mexican Udibonos 4.00%, 11/08/2046(4)

    135,596  
     

 

 

 
        271,253  
 

 

 

 
      Russia - 0.1%  
RUB     13,196,161    

Russian Federal Inflation Linked Bond - OFZ
2.50%, 02/02/2028(4)

    165,536  
     

 

 

 
      South Korea - 0.3%  
KRW     408,584,322    

Inflation Linked Korea Treasury Bond
1.75%, 06/10/2028(4)

    383,042  
     

 

 

 
      Thailand - 0.0%  
THB     1,552,759    

Thailand Government Bond
1.25%, 03/12/2028(4)(5)

    48,364  
     

 

 

 
 

Total Foreign Government Obligations
(cost $4,047,101)

  $ 3,886,642  
   

 

 

 
U.S. GOVERNMENT AGENCIES - 0.1%  
      FHLMC - 0.1%  
$     49,514    

2.20%, 04/25/2049, 1 mo. USD LIBOR + 2.050%(1)(3)

  $ 48,667  
    44,243    

2.20%, 07/25/2049, 1 mo. USD LIBOR + 2.050%(1)(3)

    43,353  
    48,503    

2.50%, 02/25/2049, 1 mo. USD LIBOR + 2.350%(1)(3)

    47,648  
    50,542    

2.80%, 01/25/2049, 1 mo. USD LIBOR + 2.650%(1)(3)

    50,043  
     

 

 

 
    189,711  
 

 

 

 
 

Total U.S. Government Agencies
(cost $189,143)

  $ 189,711  
   

 

 

 
U.S. GOVERNMENT SECURITIES - 22.9%  
      U.S. Treasury Bonds - 5.5%  
$     1,202,020    

0.13%, 01/15/2030(4)

  $ 1,312,330  
    525,342    

0.75%, 02/15/2045(4)

    655,351  
    215,328    

0.88%, 02/15/2047(4)

    280,030  
    98,717    

1.00%, 02/15/2046(4)

    130,369  
    372,164    

1.75%, 01/15/2028(4)

    448,675  
    2,199,830    

2.00%, 01/15/2026(4)

    2,569,032  
    864,447    

2.38%, 01/15/2025(4)

    995,228  
    476,814    

2.38%, 01/15/2027(4)

    582,737  
    499,077    

3.63%, 04/15/2028(4)

    676,532  
    347,789    

3.88%, 04/15/2029(4)

    494,119  
     

 

 

 
    8,144,403  
 

 

 

 
      U.S. Treasury Notes - 17.4%  
    2,033,500    

0.13%, 01/15/2022(4)(7)

    2,056,575  
    1,362,341    

0.13%, 01/15/2023(4)

    1,397,144  
    1,198,461    

0.13%, 07/15/2024(4)

    1,260,233  
    769,775    

0.13%, 07/15/2026(4)

    828,680  
    4,005,028    

0.25%, 01/15/2025(4)

    4,244,287  
    797,549    

0.25%, 07/15/2029(4)

    882,413  
    2,248,763    

0.38%, 07/15/2023(4)(7)

    2,346,180  
    1,413,684    

0.38%, 07/15/2025(4)(7)

    1,522,895  
    1,048,950    

0.38%, 01/15/2027(4)

    1,145,118  
    733,057    

0.38%, 07/15/2027(4)

    807,608  
    684,840    

0.50%, 01/15/2028(4)

    761,015  
    884,300    

0.63%, 04/15/2023(4)

    919,534  
Shares or Principal Amount   Market Value  
U.S. GOVERNMENT SECURITIES - 22.9% - (continued)  
      U.S. Treasury Notes - 17.4% - (continued)  
$     2,629,610    

0.63%, 01/15/2024(4)

  $ 2,778,245  
    727,336    

0.63%, 01/15/2026(4)

    795,737  
    600,696    

0.75%, 07/15/2028(4)

    685,091  
    2,590,392    

0.88%, 01/15/2029(4)(7)

    2,985,224  
     

 

 

 
    25,415,979  
 

 

 

 
 

Total U.S. Government Securities
(cost $31,580,895)

  $ 33,560,382  
   

 

 

 
CONVERTIBLE BONDS - 0.0%  
      Oil & Gas - 0.0%  
    55,000    

PDC Energy, Inc. 1.13%, 09/15/2021

  $ 52,680  
    40,000    

Oasis Petroleum, Inc. 2.63%, 09/15/2023(8)

    7,750  
     

 

 

 
    60,430  
 

 

 

 
 

Total Convertible Bonds
(cost $82,972)

  $ 60,430  
   

 

 

 
EXCHANGE-TRADED FUNDS - 2.0%  
      Other Investment Pools & Funds - 2.0%  
    2,971    

iShares Silver Trust*

  $ 65,332  
    904    

SPDR Gold Shares*

    159,285  
    11,000    

VanEck Vectors Agribusiness ETF

    730,180  
    51,655    

VanEck Vectors Gold Miners ETF

    1,936,546  
     

 

 

 
    2,891,343  
 

 

 

 
 

Total Exchange-Traded Funds
(cost $2,429,463)

  $ 2,891,343  
   

 

 

 
PREFERRED STOCKS - 0.1%  
      Materials - 0.1%  
    2,619    

Sociedad Quimica y Minera de Chile S.A. Series B*

  $ 95,820  
     

 

 

 
 

Total Preferred Stocks
(cost $82,839)

  $ 95,820  
   

 

 

 
 

Total Long-Term Investments
(cost $121,175,538)

  $ 129,857,453  
   

 

 

 
SHORT-TERM INVESTMENTS - 9.2%  
      Other Investment Pools & Funds - 6.3%  
    9,260,213    

Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 0.02%(9)

  $ 9,260,213  
     

 

 

 
      Repurchase Agreements - 2.3%  
    3,336,880    

Fixed Income Clearing Corp. Repurchase Agreement dated 10/30/2020 at 0.060%, due on 11/02/2020 with a maturity value of $3,336,897; collateralized by U.S. Treasury Note at 2.875%, maturing 05/15/2028, with a market value of $3,403,625

    3,336,880  
     

 

 

 
      Securities Lending Collateral - 0.6%  
    800,848    

Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 0.02%(9)

    800,848  
 

 

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

 

 

  70  

 


The Hartford Global Real Asset Fund (consolidated)

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
SHORT-TERM INVESTMENTS - 9.2% - (continued)  
      Securities Lending Collateral - 0.6% - (continued)  
    808    

Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 0.03%(9)

  $ 808  
     

 

 

 
    801,656  
 

 

 

 
   

Total Short-Term Investments
(cost $13,398,749)

  $ 13,398,749  
     

 

 

 
   

Total Investments Excluding Purchased Options
(cost $134,574,287)

    98.0    $ 143,256,202  
   

Total Purchased Options
(cost $12,279)

    0.0    $ 11,640  
     

 

 

    

 

 

 
   

Total Investments
(cost $134,586,566)

    98.0    $ 143,267,842  
   

Other Assets and Liabilities

    2.0      2,970,073  
     

 

 

    

 

 

 
   

Total Net Assets

    100.0    $ 146,237,915  
     

 

 

    

 

 

 

 

Note:

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

 

    

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

 

    

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

 

    

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

 

    

The Consolidated Schedule of Investments includes investments held by The Hartford Cayman Global Real-Asset Fund, Ltd. (the “Subsidiary”), a wholly owned subsidiary of the Fund, which primarily invests in commodity-related instruments.

  The Fund may invest up to 25% of its total assets in the Subsidiary. As of October 31, 2020, the Fund invested 17.7% of its total assets in the Subsidiary.

 

    

See “Glossary” for abbreviation descriptions.

 

*

Non-income producing.

 

(1)

Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions that are exempt from registration (typically only to qualified institutional buyers) or in a public offering registered under the Securities Act of 1933. At October 31, 2020, the aggregate value of these securities was $1,404,526, representing 1.0% of net assets.

 

(2)

Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information.

 

(3)

Variable rate securities; the rate reported is the coupon rate in effect at October 31, 2020. Base lending rates may be subject to a floor or cap.

 

(4)

The principal amount for these securities are adjusted for inflation and the interest payments equal a fixed percentage of the inflation-adjusted principal amount.

 

(5)

Security is exempt from registration under Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. At October 31, 2020, the aggregate value of these securities was $1,100,554, representing 0.8% of net assets.

 

(6)

Variable or floating rate security, which interest rate adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. Rate shown is the rate in effect as of period end.

 

(7)

All, or a portion of the security, was pledged as collateral in connection with futures contracts. As of October 31, 2020, the market value of securities pledged was $2,495,579.

 

(8)

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

 

(9)

Current yield as of period end.

 
Exchange-Traded Option Contracts Outstanding at October 31, 2020  

Description

   Exercise Price/
FX Rate/ Rate
     Expiration
Date
     Number of
Contracts
     Notional
Amount
     Market
Value
     Premiums
Paid
(Received)
by Fund
     Unrealized
Appreciation/
(Depreciation)
 
Purchased option contracts:                                                       
Calls                                                       

Natural Gas Option

     3.50 USD        01/26/2021        3        USD       30,000      $     11,640      $     12,279      $     (639
                

 

 

    

 

 

    

 

 

 

Total purchased exchange-traded option contracts

 

   $ 11,640      $ 12,279      $ (639
                

 

 

    

 

 

    

 

 

 

 

Exchange-Traded Options Contracts Outstanding at October 31, 2020  

Description

   Exercise Price/
FX Rate/ Rate
     Expiration
Date
     Number of
Contracts
    Notional
Amount
    Market
Value
    Premiums
Paid
(Received)
by Fund
    Unrealized
Appreciation/
(Depreciation)
 
Written option contracts:                                                   
Calls                                                   

Natural Gas Option

     5.00 USD        01/26/2021        (3     USD       (30,000   $     (4,020   $     (4,747   $ 727  
Puts                                                   

Natural Gas Option

     2.50 USD        01/26/2021        (3     USD       (30,000     (1,440     (2,934     1,494  
              

 

 

   

 

 

   

 

 

 

Total written OTC option contracts

 

  $ (5,460   $ (7,681   $     2,221  
              

 

 

   

 

 

   

 

 

 

 

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

 

 

  71  

 


The Hartford Global Real Asset Fund (consolidated)

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Futures Contracts Outstanding at October 31, 2020  

Description

   Number of
Contracts
     Expiration
Date
     Current
Notional
Amount
     Value and
Unrealized
Appreciation/
(Depreciation)
 
Long position contracts:                            

Brent Crude Oil Future

     1        11/30/2020      $ 37,940      $ (4,962

Brent Crude Oil Future

     1        02/26/2021        39,280        (2

Brent Crude Oil Future

     25        03/31/2021        992,250        (99,796

Brent Crude Oil Future

     20        04/30/2021        800,800        (1,120

Brent Crude Oil Future

     8        10/29/2021        331,760        29,749  

Brent Crude Oil Future

     8        10/31/2022        348,800        16,549  

Copper Future

     19        03/29/2021        1,449,938        40,247  

Cotton No. 2 Future

     2        12/08/2020        68,920        9,446  

Gasoline RBOB Future

     1        11/30/2020        43,352        (2,948

Gasoline RBOB Future

     14        02/26/2021        620,105        (47,075

Gasoline RBOB Future

     2        05/28/2021        100,136        (3,286

Gold 100oz Future

     1        12/29/2020        187,990        4,545  

Gold 100oz Future

     19        04/28/2021        3,595,560        (19,851

LME Copper Future

     3        12/16/2020        503,606        86,992  

LME Nickel Future

     12        11/16/2020        1,089,216        160,810  

LME Nickel Future

     6        12/14/2020        545,076        86,893  

LME Nickel Future

     9        01/18/2021        818,397        87,425  

LME Nickel Future

     14        03/15/2021        1,275,204        12,073  

LME Primary Aluminum Future

     3        12/16/2020        138,975        3,607  

LME Zinc Future

     18        11/16/2020        1,131,863        206,088  

LME Zinc Future

     2        12/14/2020        125,875        17,258  

LME Zinc Future

     14        01/18/2021        882,875        96,993  

LME Zinc Future

     20        03/15/2021        1,265,250        42,206  

NY Harbor ULSD Future

     9        02/26/2021        420,638        (26,167

Natural Gas Future

     1        03/29/2021        30,170        1,587  

Natural Gas Future

     1        05/26/2021        30,060        1,477  

Natural Gas Future

     2        07/28/2021        61,180        2,731  

Platinum Future

     33        01/27/2021        1,399,860        (169,768

Platinum Future

     9        04/28/2021        383,580        (25,140

Silver Future

     12        12/29/2020        1,418,760        (212,704

Soyabean Meal Future

     2        03/12/2021        72,040        (408

Soybean Meal Future

     2        12/14/2020        75,720        16,954  

WTI Crude Future

     14        11/20/2020        501,060        (6,353

WTI Crude Future

     54        05/20/2021        2,055,780        (47,433

WTI Crude Future

     66        11/19/2021        2,591,820        (36,901
           

 

 

 

Total

 

   $ 219,716  
           

 

 

 
Short position contracts:  

10-Year Mini JGB Future

     1        12/11/2020      $ 145,069      $ (32

Euro-BUND Future

     1        12/08/2020        205,153        (2,365

Euro-OAT Future

     1        12/08/2020        198,119        (1,624

LME Copper Future

     2        12/16/2020        335,737        (9,643

LME Nickel Future

     12        11/16/2020        1,089,216        (126,338

LME Nickel Future

     4        12/14/2020        363,384        (11,736

LME Nickel Future

     9        01/18/2021        818,397        (11,341

LME Primary Aluminum Future

     3        12/16/2020        138,975        3,291  

LME Zinc Future

     18        11/16/2020        1,131,862        (144,159

LME Zinc Future

     2        12/14/2020        125,875        (446

LME Zinc Future

     14        01/18/2021        882,875        (29,357

U.S. Treasury 10-Year Note Future

     90        12/21/2020            12,439,688        68,023  

U.S. Treasury Ultra Bond Future

     4        12/21/2020        860,000        33,508  
           

 

 

 

Total

 

   $     (232,219
           

 

 

 

Total futures contracts

 

   $ (12,503
           

 

 

 

 

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

 

 

  72  

 


The Hartford Global Real Asset Fund (consolidated)

Schedule of Investments – (continued)

October 31, 2020

 

 

 

OTC Credit Default Swap Contracts Outstanding at October 31, 2020  

Reference Entity

   Counter-
party
   Notional
Amount (a)
     (Pay)/Receive
Fixed Rate
   Expiration
Date
     Periodic
Payment
Frequency
     Upfront
Premiums
Paid
     Upfront
Premiums
Received
    Market
Value
    Unrealized
Appreciation/
(Depreciation)
 
Credit default swaps on indices:  
Buy protection:  

CMBX.NA.AAA.10

   GSC      USD       320,000      (0.50%)      11/17/2059        Monthly      $      $ (3,735   $ (2,703   $ 1,032  

CMBX.NA.AAA.10

   MSC      USD       290,000      (0.50%)      11/17/2059        Monthly               (14     (2,445     (2,431

CMBX.NA.AAA.11

   MSC      USD       320,000      (0.50%)      11/18/2054        Monthly               (2,703     (1,784     919  

CMBX.NA.AAA.11

   MSC      USD       290,000      (0.50%)      11/18/2054        Monthly        1,447              (1,612     (3,059

CMBX.NA.AAA.12

   MSC      USD       320,000      (0.50%)      08/17/2061        Monthly               (247     115       362  

CMBX.NA.AAA.12

   MSC      USD       290,000      (0.50%)      08/17/2061        Monthly        4,247              108       (4,139

CMBX.NA.AAA.13

   MSC      USD       330,000      (0.50%)      12/16/2072        Monthly        2,336              2,461       125  

CMBX.NA.AAA.13

   MSC      USD       290,000      (0.50%)      12/16/2072        Monthly        7,093              2,167       (4,926
                   

 

 

    

 

 

   

 

 

   

 

 

 

Total

         $ 15,123      $ (6,699   $ (3,693   $ (12,117
                   

 

 

    

 

 

   

 

 

   

 

 

 
Sell protection:  

CDX.NA.HY.34.V9

   GSC      USD       363,400      5.00%      06/20/2023        Quarterly      $      $ (7,526   $ 12,820     $ 20,346  
                   

 

 

    

 

 

   

 

 

   

 

 

 

Total OTC credit default swap contracts

 

   $     15,123      $     (14,225   $     9,127     $     8,229  
                   

 

 

    

 

 

   

 

 

   

 

 

 

 

(a) 

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

 

OTC Total Return Swap Contracts Outstanding at October 31, 2020  

Reference Entity

   Counter-
party
   Notional
Amount
     Payments
received
(paid) by
the Fund
   Expiration
Date
     Periodic
Payment
Frequency
     Upfront
Premiums
Paid
     Upfront
Premiums
Received
    Market
Value
    Unrealized
Appreciation/
(Depreciation)
 

Markit iBoxx USD Liquid

   JPM      USD       1,180,000      (1.00%)      03/20/2021        At Maturity      $     —      $     (698   $     (10,936   $     (10,238
                   

 

 

    

 

 

   

 

 

   

 

 

 

 

Bond Forward Contracts Outstanding at October 31, 2020  

Counterparty

    

Reference Obligation

     Notional Amount        Expiration Date        Unrealized
Appreciation/
(Depreciation)
 

BOA

     U.S. Treasury Bonds, 0.75%, 07/15/2028        USD       7,584,631          11/30/2020        $     (61,178
                     

 

 

 

 

Foreign Currency Contracts Outstanding at October 31, 2020  
Amount and Description of
Currency to be Purchased
   Amount and Description of
Currency to be Sold
   Counterparty    Settlement
Date
    Appreciation     Depreciation  
  590,000      BRL      102,221      USD    MSC      11/04/2020     $ 581     $  
  150,000      BRL      25,988      USD    BOA      11/04/2020       148        
  740,000      BRL      130,874      USD    HSBC      11/04/2020             (1,936
  590,000      BRL      102,775      USD    MSC      12/02/2020             (108
  55,000      CAD      41,678      USD    CIBC      11/30/2020             (392
  208,900,000      COP      55,189      USD    BCLY      11/30/2020             (1,294
  101,000      EUR      119,498      USD    BCLY      11/30/2020             (1,791
  225,295,000      JPY      2,148,040      USD    JPM      11/30/2020       4,618        
  1,616,000      MXN      76,827      USD    MSC      11/30/2020             (900
  26,000      NZD      17,368      USD    MSC      11/30/2020             (176
  120,680,000      RUB      1,572,296      USD    GSC      11/30/2020             (57,828
  10,900,000      SEK      1,245,176      USD    JPM      11/30/2020                 (19,848
  5,964,867      USD      8,380,000      AUD    SSG      11/30/2020       73,641        
  26,671      USD      150,000      BRL    BOA      11/04/2020       535        
  102,868      USD      590,000      BRL    MSC      11/04/2020       66        
  128,210      USD      740,000      BRL    HSBC      11/04/2020             (728
  244,763      USD      323,000      CAD    CIBC      11/30/2020       2,301        
  1,837,517      USD      1,665,000      CHF    JPM      11/30/2020       20,129        
  1,081,484      USD      840,400,000      CLP    BNP      11/30/2020             (5,083
  10,431,675      USD      8,804,000      EUR    CBK      11/30/2020           171,317        
  133,956      USD      1,966,213,000      IDR    BCLY      11/30/2020             (110
  115,557      USD      390,000      ILS    BOA      11/30/2020       1,227        
  1,196,274      USD      125,470,000      JPY    JPM      11/30/2020                 (2,572

 

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

 

 

  73  

 


The Hartford Global Real Asset Fund (consolidated)

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Foreign Currency Contracts Outstanding at October 31, 2020 – (continued)  
Amount and Description of
Currency to be Purchased
   Amount and Description of
Currency to be Sold
   Counterparty    Settlement
Date
    Appreciation     Depreciation  
  384,486      USD      434,139,000      KRW    JPM      11/30/2020     $ 1,917     $  
      112,008      USD      2,356,000      MXN    MSC      11/30/2020       1,312        
  93,105      USD      385,000      RON    DEUT      11/27/2020       1,038        
  68,570      USD      5,263,000      RUB    GSC      11/30/2020       2,522        
  49,781      USD      1,558,000      THB    BCLY      11/30/2020             (196
                

 

 

   

 

 

 
 

Total Foreign Currency Contracts

    $     281,352     $     (92,962
 

 

 

   

 

 

 

 

 

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

Fair Value Summary

The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.

 

Description

   Total     Level 1     Level 2     Level 3(1)  

Assets

 

Common Stocks

 

Automobiles & Components

   $ 450,154     $ 375,914     $ 74,240     $  

Banks

     1,203,723             1,203,723        

Capital Goods

     5,860,729       2,784,751       3,075,978        

Commercial & Professional Services

     1,669,751       1,195,113       474,638        

Consumer Durables & Apparel

     2,468,940       1,698,130       770,810        

Consumer Services

     665,905       343,168       322,737        

Diversified Financials

     1,747,733       1,545,405       202,328        

Energy

     13,598,787       7,484,035       6,114,752        

Food & Staples Retailing

     115,482             115,482        

Food, Beverage & Tobacco

     1,213,954       799,780       414,174        

Insurance

     566,392             566,392        

Materials

     26,510,340       12,920,148       13,590,192        

Media & Entertainment

     1,448,976       1,448,976              

Real Estate

     12,997,159       8,144,016       4,853,143        

Retailing

     201,761       169,135       32,626        

Semiconductors & Semiconductor Equipment

     330,075       330,075              

Software & Services

     446,599       283,639       162,960        

Technology Hardware & Equipment

     787,735       432,757       354,978        

Telecommunication Services

     2,012,970       43,810       1,969,160        

Transportation

     1,673,144       766,855       906,289        

Utilities

     12,477,349       6,470,764       6,006,585        

Asset & Commercial Mortgage-Backed Securities

     305,449             305,449        

Corporate Bonds

     420,018             420,018        

Foreign Government Obligations

     3,886,642             3,886,642        

U.S. Government Agencies

     189,711             189,711        

U.S. Government Securities

     33,560,382             33,560,382        

Convertible Bonds

     60,430             60,430        

Exchange-Traded Funds

     2,891,343       2,891,343              

Preferred Stocks

     95,820             95,820        

Short-Term Investments

     13,398,749       10,061,869       3,336,880        

Purchased Options

     11,640       11,640              

Foreign Currency Contracts(2)

     281,352             281,352        

Futures Contracts(2)

     1,028,452       1,028,452              

Swaps - Credit Default(2)

     22,784             22,784        
  

 

 

   

 

 

   

 

 

   

 

 

 

Total

   $     144,600,430     $     61,229,775     $     83,370,655     $     —  
  

 

 

   

 

 

   

 

 

   

 

 

 

Liabilities

 

Bond Forward Contracts(2)

   $ (61,178   $     $ (61,178   $  

Foreign Currency Contracts(2)

     (92,962           (92,962      

Futures Contracts(2)

     (1,040,955     (1,040,955            

Swaps - Credit Default(2)

     (14,555           (14,555      

Swaps - Total Return(2)

     (10,238           (10,238      

Written Options

     (5,460     (5,460            
  

 

 

   

 

 

   

 

 

   

 

 

 

Total

   $ (1,225,348   $ (1,046,415   $ (178,933   $  
  

 

 

   

 

 

   

 

 

   

 

 

 

 

(1) 

For the year ended October 31, 2020, there were no transfers in and out of Level 3.

 

(2) 

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

 

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

 

 

  74  

 


The Hartford Growth Allocation Fund

Schedule of Investments

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
AFFILIATED INVESTMENT COMPANIES - 99.8%  
      Domestic Equity Funds - 58.1%  
    2,832,498    

Hartford Core Equity Fund, Class F

  $ 102,508,093  
    1,625,275    

Hartford Multifactor US Equity ETF

    50,464,789  
    2,780,538    

Hartford Small Cap Value Fund, Class F

    23,106,271  
    3,341,765    

The Hartford Equity Income Fund, Class F

    58,280,383  
    529,802    

The Hartford Growth Opportunities Fund, Class F

    31,136,442  
    820,954    

The Hartford MidCap Fund, Class F

    26,270,528  
    1,055,151    

The Hartford Small Company Fund, Class F

    29,006,089  
     

 

 

 
   

Total Domestic Equity Funds
(cost $286,053,495)

  $ 320,772,595  
     

 

 

 
          International/Global Equity Funds - 21.8%  
    1,252,092    

Hartford Emerging Markets Equity Fund, Class F

    11,268,832  
    1,564,823    

Hartford Multifactor Developed Markets (ex-US) ETF

    39,151,871  
    2,411,988    

Hartford Schroders International Multi-Cap Value Fund, Class F

    18,717,025  
    1,035,051    

The Hartford International Growth Fund, Class F

    16,560,817  
    2,081,763    

The Hartford International Opportunities Fund, Class F

    34,515,631  
     

 

 

 
   

Total International/Global Equity Funds
(cost $126,405,555)

  $ 120,214,176  
     

 

 

 
          Taxable Fixed Income Funds - 19.9%  
    962,258    

Hartford Core Bond ETF

    40,287,337  
    439,354    

Hartford Short Duration ETF

    17,973,972  
    744,107    

The Hartford Inflation Plus Fund, Class F

    8,438,177  
    1,113,842    

The Hartford Strategic Income Fund, Class F

    10,069,134  
    3,064,575    

The Hartford World Bond Fund, Class F

    32,790,952  
     

 

 

 
   

Total Taxable Fixed Income Funds
(cost $107,828,760)

  $     109,559,572  
     

 

 

 
   

Total Affiliated Investment Companies
(cost $520,287,810)

  $ 550,546,343  
     

 

 

 
Shares or Principal Amount   Market Value  
SHORT-TERM INVESTMENTS - 0.3%  
          Other Investment Pools & Funds - 0.3%  
    1,609,382    

BlackRock Liquidity Funds, FedFund Portfolio, Institutional Class, 0.04%(1)

  $         1,609,382  
     

 

 

 
   

Total Short-Term Investments
(cost $1,609,382)

  $ 1,609,382  
     

 

 

 
   

Total Investments
(cost $521,897,192)

    100.1    $ 552,155,725  
   

Other Assets and Liabilities

    (0.1 )%       (326,693
     

 

 

    

 

 

 
   

Total Net Assets

    100.0    $ 551,829,032  
     

 

 

    

 

 

 

 

Note:

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

 

    

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

    

See “Glossary” for abbreviation descriptions.

 

(1) 

Current yield as of period end.

 

 

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

 

Fair Value Summary

The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.

 

Description

   Total      Level 1      Level 2      Level 3(1)  

Assets

 

Affiliated Investment Companies

   $ 550,546,343      $ 550,546,343      $      $  

Short-Term Investments

     1,609,382        1,609,382                
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $     552,155,725      $     552,155,725      $     —      $     —  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(1) 

For the year ended October 31, 2020, there were no transfers in and out of Level 3.

 

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

 

 

  75  

 


Hartford Moderate Allocation Fund

Schedule of Investments

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
AFFILIATED INVESTMENT COMPANIES - 99.7%  
      Domestic Equity Funds - 42.0%  
    1,393,147    

Hartford Core Equity Fund, Class F

  $ 50,417,978  
    732,046    

Hartford Multifactor US Equity ETF

    22,730,028  
    1,271,471    

Hartford Small Cap Value Fund, Class F

    10,565,923  
    1,752,526    

The Hartford Equity Income Fund, Class F

    30,564,060  
    263,641    

The Hartford Growth Opportunities Fund, Class F

    15,494,172  
    407,898    

The Hartford MidCap Fund, Class F

    13,052,732  
    505,488    

The Hartford Small Company Fund, Class F

    13,895,862  
     

 

 

 
   

Total Domestic Equity Funds
(cost $138,473,528)

  $ 156,720,755  
     

 

 

 
          International/Global Equity Funds - 17.8%  
    751,569    

Hartford Emerging Markets Equity Fund, Class F

    6,764,123  
    864,559    

Hartford Multifactor Developed Markets (ex-US) ETF

    21,631,266  
    1,219,835    

Hartford Schroders International Multi-Cap Value Fund, Class F

    9,465,921  
    571,749    

The Hartford International Growth Fund, Class F

    9,147,986  
    1,163,480    

The Hartford International Opportunities Fund, Class F

    19,290,492  
     

 

 

 
   

Total International/Global Equity Funds
(cost $69,413,485)

  $ 66,299,788  
     

 

 

 
      Taxable Fixed Income Funds - 39.9%  
    1,327,033    

Hartford Core Bond ETF

    55,559,554  
    496,261    

Hartford Short Duration ETF

    20,302,038  
    942,477    

The Hartford Inflation Plus Fund, Class F

    10,687,691  
    1,964,373    

The Hartford Strategic Income Fund, Class F

    17,757,936  
    4,138,928    

The Hartford World Bond Fund, Class F

    44,286,532  
     

 

 

 
   

Total Taxable Fixed Income Funds
(cost $146,301,160)

  $ 148,593,751  
     

 

 

 
   

Total Affiliated Investment Companies
(cost $354,188,173)

  $     371,614,294  
     

 

 

 
Shares or Principal Amount   Market Value  
SHORT-TERM INVESTMENTS - 0.3%  
      Other Investment Pools & Funds - 0.3%  
    1,204,152    

BlackRock Liquidity Funds, FedFund Portfolio, Institutional Class, 0.04%(1)

  $         1,204,152  
     

 

 

 
   

Total Short-Term Investments
(cost $1,204,152)

  $ 1,204,152  
     

 

 

 
                        

Total Investments
(cost $355,392,325)

    100.0    $     372,818,446  
   

Other Assets and Liabilities

    0.0      1,179  
     

 

 

    

 

 

 
    Total Net Assets     100.0    $ 372,819,625  
     

 

 

    

 

 

 

 

Note:

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

 

    

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

    

See “Glossary” for abbreviation descriptions.

 

(1) 

Current yield as of period end.

 

 

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

 

Fair Value Summary

The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.

 

Description

   Total      Level 1      Level 2      Level 3(1)  

Assets

 

Affiliated Investment Companies

   $ 371,614,294      $ 371,614,294      $      $  

Short-Term Investments

     1,204,152        1,204,152                
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $     372,818,446      $     372,818,446      $     —      $     —  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(1) 

For the year ended October 31, 2020, there were no transfers in and out of Level 3.

 

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

 

 

  76  

 


Hartford Multi-Asset Income and Growth Fund

Schedule of Investments

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
COMMON STOCKS - 24.0%  
      Automobiles & Components - 0.5%  
    624,700    

SAIC Motor Corp. Ltd. Class A

  $ 2,162,664  
    355    

Tesla, Inc.*

    137,754  
         15,761    

Tofas Turk Otomobil Fabrikasi AS

    50,468  
    12,352    

Volkswagen AG

    1,799,242  
    242,000    

Xinyi Glass Holdings Ltd.

    531,441  
     

 

 

 
    4,681,569  
     

 

 

 
      Banks - 0.4%  
    558,000    

Agricultural Bank of China Ltd. Class H

    189,841  
    460,822    

Bank of Communications Co., Ltd. Class H

    226,716  
    16,531    

Bank of Nova Scotia

    687,028  
    574,000    

China CITIC Bank Corp. Ltd. Class H

    233,622  
    1,377,739    

China Minsheng Banking Corp. Ltd. Class H

    754,020  
    15,040    

Mediobanca Banca di Credito Finanziario S.p.A.

    106,780  
    7,775    

PNC Financial Services Group, Inc.

    869,867  
    426,600    

Thanachart Capital PCL

    376,402  
     

 

 

 
    3,444,276  
     

 

 

 
      Capital Goods - 3.0%  
    40,970    

Alstom S.A.*

    1,830,515  
    6,200    

American Woodmark Corp.*

    512,182  
    24,296    

Assa Abloy AB Class B

    520,723  
    67,935    

BAE Systems plc

    349,212  
    23,350    

BMC Stock Holdings, Inc.*

    924,426  
    30,460    

Builders FirstSource, Inc.*

    922,938  
    49,969    

Cie de Saint-Gobain*

    1,946,468  
    11,572    

Fortive Corp.

    712,835  
    12,054    

Fortune Brands Home & Security, Inc.

    974,807  
    12,400    

ITOCHU Corp.

    297,829  
    26,763    

JELD-WEN Holding, Inc.*

    562,826  
    3,480    

Lennox International, Inc.

    945,377  
    2,368    

Lockheed Martin Corp.

    829,108  
    58,769    

Marubeni Corp.

    306,845  
    8,500    

Masonite International Corp.

    748,000  
    63,565    

Mitsui & Co., Ltd.

    995,650  
    39,070    

Nexans S.A.*

    1,897,336  
    16,823    

OC Oerlikon Corp. AG

    117,103  
    4,579    

Otis Worldwide Corp.

    280,601  
    14,430    

Owens Corning

    944,732  
    9,158    

Raytheon Technologies Corp.

    497,463  
    4,840    

Rockwool International A/S Class B

    1,894,462  
    15,529    

Schneider Electric SE

    1,886,873  
    52,472    

Signify N.V.*(1)

    1,862,511  
    10,940    

Vestas Wind Systems A/S

    1,876,910  
    11,970    

Vinci S.A.

    945,451  
     

 

 

 
    25,583,183  
     

 

 

 
      Commercial & Professional Services - 0.3%  
    32,487    

ADT, Inc.

    214,089  
    83,895    

Bureau Veritas S.A.*

    1,839,678  
    13,538    

Experian plc

    495,950  
     

 

 

 
    2,549,717  
     

 

 

 
      Consumer Durables & Apparel - 2.4%  
    161,000    

ANTA Sports Products Ltd.

    1,787,285  
    5,630    

Cavco Industries, Inc.*

    969,148  
    23,820    

Century Communities, Inc.*

    925,169  
    14,327    

D.R. Horton, Inc.

    957,187  
    224,200    

Gree Electric Appliances, Inc. of Zhuhai Class A

    1,965,564  
    482,000    

Haier Electronics Group Co., Ltd.

    1,837,493  
    10,430    

Installed Building Products, Inc.

    944,332  
    29,463    

KB Home

    950,182  
    15,143    

Lennar Corp. Class A

    1,063,493  
    357,000    

Li Ning Co., Ltd.

    1,860,662  
    9,632    

NIKE, Inc. Class B

    1,156,610  
Shares or Principal Amount   Market Value  
COMMON STOCKS - 24.0% - (continued)  
      Consumer Durables & Apparel - 2.4% - (continued)  
    243    

NVR, Inc.*

  $ 960,601  
    23,458    

PulteGroup, Inc.

    956,148  
    102,100    

Shenzhou International Group Holdings Ltd.

    1,776,475  
    22,267    

Toll Brothers, Inc.

    941,449  
    6,165    

TopBuild Corp.*

    944,540  
    58,123    

TRI Pointe Group, Inc.*

    954,961  
     

 

 

 
    20,951,299  
     

 

 

 
      Consumer Services - 0.7%  
    56,515    

Compass Group plc

    773,562  
    6,706    

McDonald’s Corp.

    1,428,378  
    12,000    

McDonald’s Holdings Co. Japan Ltd.

    569,057  
    10,600    

New Oriental Education & Technology Group, Inc. ADR*

    1,700,028  
    22,700    

TAL Education Group ADR*

    1,508,642  
     

 

 

 
    5,979,667  
     

 

 

 
      Diversified Financials - 0.4%  
    12,121    

Annaly Capital Management, Inc. REIT

    85,938  
    43,300    

Hannon Armstrong Sustainable Infrastructure Capital, Inc. REIT

    1,812,105  
    19,608    

Invesco Ltd.

    257,061  
    20,925    

Navient Corp.

    167,609  
    23,427    

OneMain Holdings, Inc.

    817,368  
    9,823    

Virtu Financial, Inc. Class A

    210,016  
     

 

 

 
    3,350,097  
     

 

 

 
      Energy - 0.2%  
    170,000    

China Petroleum & Chemical Corp. Class H

    66,380  
    415,801    

China Shenhua Energy Co., Ltd. Class H

    720,434  
    9,535    

Helmerich & Payne, Inc.

    141,786  
    20,385    

Total SE

    617,598  
     

 

 

 
    1,546,198  
     

 

 

 
      Food & Staples Retailing - 0.3%  
    39,444    

Koninklijke Ahold Delhaize N.V.

    1,081,388  
    15,331    

Kroger Co.

    493,811  
    33,400    

Seven & i Holdings Co., Ltd.

    1,015,182  
     

 

 

 
    2,590,381  
     

 

 

 
      Food, Beverage & Tobacco - 1.6%  
    27,644    

Altria Group, Inc.

    997,396  
    369,000    

China Mengniu Dairy Co., Ltd.*

    1,739,582  
    16,897    

Coca-Cola Co.

    812,070  
    1,192    

Conagra Brands, Inc.

    41,827  
    22,223    

Diageo plc

    718,199  
    32,600    

Heilongjiang Agriculture Co., Ltd. Class A

    84,877  
    11,371    

Heineken N.V.

    1,006,533  
    8,698    

Imperial Brands plc

    137,669  
    310,340    

Inner Mongolia Yili Industrial Group Co., Ltd. Class A

    1,844,216  
    1,338    

JM Smucker Co.

    150,124  
    10,789    

Kraft Heinz Co.

    330,036  
    623    

KT&G Corp.

    44,485  
    7,182    

Kweichow Moutai Co., Ltd. Class A

    1,794,401  
    8,243    

Nestle S.A.

    927,155  
    6,119    

PepsiCo., Inc.

    815,601  
    2,794    

Philip Morris International, Inc.

    198,430  
    3,300    

Toyo Suisan Kaisha Ltd.

    164,227  
    111,500    

WH Group Ltd.(1)

    87,820  
    54,175    

Wuliangye Yibin Co., Ltd. Class A

    1,980,767  
     

 

 

 
    13,875,415  
     

 

 

 
      Health Care Equipment & Services - 1.0%  
    11,213    

Baxter International, Inc.

    869,792  
    6,062    

CVS Health Corp.

    340,018  
    8,900    

Guangzhou Wondfo Biotech Co., Ltd. Class A

    101,305  
 

 

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

 

 

  77  

 


Hartford Multi-Asset Income and Growth Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
COMMON STOCKS - 24.0% - (continued)  
      Health Care Equipment & Services - 1.0% - (continued)  
    73,100    

Hartalega Holdings Bhd

  $ 317,096  
    22,137    

Koninklijke Philips N.V.*

    1,025,314  
    166,600    

Kossan Rubber Industries

    301,021  
    10,624    

Medtronic plc

    1,068,456  
    275    

Quidel Corp.*

    73,780  
    34,230    

Shenzhen Mindray Bio-Medical Electronics Co., Ltd. Class A

    1,981,436  
    5,540    

Sysmex Corp.

    520,365  
    11,153    

Telefonica Celular del Paraguay S.A.

    510,696  
    21,900    

Top Glove Corp. Bhd

    45,169  
    4,512    

UnitedHealth Group, Inc.

    1,376,792  
     

 

 

 
    8,531,240  
     

 

 

 
      Household & Personal Products - 0.5%  
    16,420    

Colgate-Palmolive Co.

    1,295,374  
    9,202    

Procter & Gamble Co.

    1,261,594  
    13,801    

Reckitt Benckiser Group plc

    1,215,710  
    3,623    

Spectrum Brands Holdings, Inc.

    206,040  
     

 

 

 
    3,978,718  
     

 

 

 
      Insurance - 0.6%  
    114,969    

AIA Group Ltd.

    1,094,180  
    31,874    

AXA S.A.

    511,874  
    6,840    

Chubb Ltd.

    888,585  
    117,616    

Japan Post Holdings Co., Ltd.

    807,015  
    171,500    

Ping An Insurance Group Co., of China Ltd. Class H

    1,773,254  
     

 

 

 
    5,074,908  
     

 

 

 
      Materials - 0.8%  
    217,760    

Anhui Conch Cement Co., Ltd. Class A

    1,658,260  
    4,671    

Dow, Inc.

    212,484  
    931,098    

Elkem ASA(1)

    1,980,343  
    37,872    

Evraz plc

    176,358  
    47,749    

Fortescue Metals Group Ltd.

    584,137  
    71,100    

Inner Mongolia Junzheng Energy & Chemical Industry Group Co., Ltd. Class A

    75,013  
    7,433    

LafargeHolcim Ltd.*

    319,022  
    4,521    

Linde plc

    996,157  
    34,250    

Louisiana-Pacific Corp.

    978,865  
    1,662    

Rio Tinto Ltd.

    108,119  
    19,372    

Yamana Gold, Inc.

    107,743  
     

 

 

 
    7,196,501  
     

 

 

 
      Media & Entertainment - 0.5%  
    2,882    

Activision Blizzard, Inc.

    218,254  
    7,100    

Capcom Co., Ltd.

    388,310  
    54,723    

Eutelsat Communications S.A.

    550,406  
    2,147    

Interpublic Group of Cos., Inc.

    38,839  
    28,845    

Lions Gate Entertainment Corp. Class B*

    180,858  
    504    

Match Group, Inc.*

    58,857  
    21,014    

News Corp. Class A

    275,914  
    19,300    

Nexon Co., Ltd.

    537,908  
    25,700    

Tencent Holdings Ltd.

    1,963,624  
    2,449    

Zillow Group, Inc. Class C*

    217,031  
    25,620    

Zynga, Inc. Class A*

    230,324  
     

 

 

 
    4,660,325  
     

 

 

 
      Pharmaceuticals, Biotechnology & Life Sciences - 2.0%  
    12,991    

AbbVie, Inc.

    1,105,534  
    13,222    

AstraZeneca plc ADR

    663,216  
    4,796    

Bristol-Myers Squibb Co.

    280,326  
    1,403,520    

CSPC Pharmaceutical Group Ltd.

    1,490,433  
    14,134    

Gilead Sciences, Inc.

    821,892  
    14,167    

Johnson & Johnson

    1,942,437  
    17,439    

Merck & Co., Inc.

    1,311,587  
    2,669    

Moderna, Inc.*

    180,078  
Shares or Principal Amount   Market Value  
COMMON STOCKS - 24.0% - (continued)  
      Pharmaceuticals, Biotechnology & Life Sciences - 2.0% -
(continued)
 
    15,366    

Novartis AG

  $ 1,197,358  
    16,691    

Orion Oyj Class B

    714,368  
    31,562    

Pfizer, Inc.

    1,119,820  
    1,914    

QIAGEN N.V.*

    90,800  
    3,763    

Roche Holding AG

    1,209,170  
    21,200    

Shijiazhuang Yiling Pharmaceutical Co., Ltd. Class A

    84,400  
    1,598,500    

Sino Biopharmaceutical Ltd.

    1,619,271  
    3,008,000    

SSY Group Ltd.

    1,646,481  
    19,500    

Zai Lab Ltd. ADR*

    1,599,975  
     

 

 

 
    17,077,146  
     

 

 

 
      Real Estate - 2.4%  
    25,476    

American Tower Corp. REIT

    5,850,564  
    297,088    

Barwa Real Estate Co.

    272,104  
    115,784    

Douglas Emmett, Inc. REIT

    2,732,502  
    80,781    

Equity LifeStyle Properties, Inc. REIT

    4,781,427  
    102,148    

Henderson Land Development Co., Ltd.

    360,795  
    117,500    

Kerry Properties Ltd.

    288,290  
    2,840    

Omega Healthcare Investors, Inc. REIT

    81,820  
    25,056    

Public Storage REIT

    5,739,578  
    152,000    

Sino Land Co., Ltd.

    180,132  
    11,500    

Sun Hung Kai Properties Ltd.

    148,026  
     

 

 

 
    20,435,238  
     

 

 

 
      Retailing - 1.0%  
    5,900    

Alibaba Group Holding Ltd. ADR*

    1,797,671  
    2,006,600    

Allstar Co.(3)(4)

    1,685,544  
    3,615    

Home Depot, Inc.

    964,157  
    16,970    

K’s Holdings Corp.

    216,722  
    6,060    

Lowe’s Cos., Inc.

    958,086  
    51,600    

Meituan Dianping Class B*

    1,923,604  
    10,683    

TJX Cos., Inc.

    542,696  
    13,296    

Tory Burch LLC(2)(3)(4)

    548,593  
     

 

 

 
    8,637,073  
     

 

 

 
      Semiconductors & Semiconductor Equipment - 0.5%  
    1,393    

Broadcom, Inc.

    487,034  
    20,000    

First Solar, Inc.*

    1,740,900  
    1,895    

Intel Corp.

    83,911  
    62,650    

Radiant Opto-Electronics Corp.

    246,842  
    61,086    

STMicroelectronics N.V.

    1,863,380  
    189,468    

United Microelectronics Corp.

    203,631  
     

 

 

 
    4,625,698  
     

 

 

 
      Software & Services - 1.2%  
    4,094    

2U, Inc.*

    150,864  
    3,981    

Accenture plc Class A

    863,519  
    5,209    

Alliance Data Systems Corp.

    268,472  
    10,342    

Amdocs Ltd.

    583,082  
    3,887    

Automatic Data Processing, Inc.

    613,991  
    1,569    

Booz Allen Hamilton Holding Corp.

    123,166  
    8,582    

Capgemini SE

    990,945  
    852    

CGI, Inc.*

    52,867  
    1,146    

Check Point Software Technologies Ltd.*

    130,140  
    231    

Citrix Systems, Inc.

    26,165  
    4,505    

Cognizant Technology Solutions Corp. Class A

    321,747  
    1,194    

Datadog, Inc. Class A*

    108,356  
    2,268    

Dropbox, Inc. Class A*

    41,414  
    604    

Fortinet, Inc.*

    66,663  
    2,400    

Fujitsu Ltd.

    283,955  
    9,747    

International Business Machines Corp.

    1,088,350  
    633    

Leidos Holdings, Inc.

    52,539  
    11,164    

Microsoft Corp.

    2,260,375  
    14,299    

Nortonlifelock, Inc.

    294,130  
 

 

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

 

 

  78  

 


Hartford Multi-Asset Income and Growth Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
COMMON STOCKS - 24.0% - (continued)  
      Software & Services - 1.2% - (continued)  
    7,658    

Oracle Corp.

  $ 429,690  
    16,712    

SolarWinds Corp.*

    341,426  
    4,717    

SS&C Technologies Holdings, Inc.

    279,341  
    3,121    

Visa, Inc. Class A

    567,117  
    17,453    

Western Union Co.

    339,286  
     

 

 

 
    10,277,600  
     

 

 

 
      Technology Hardware & Equipment - 0.1%  
    74,000    

Asustek Computer, Inc.

    628,712  
    61,000    

Pegatron Corp.

    131,457  
    14,400    

VTech Holdings Ltd.

    95,544  
    4,422    

Xerox Holdings Corp.

    76,854  
     

 

 

 
    932,567  
     

 

 

 
      Telecommunication Services - 0.7%  
    40,999    

AT&T, Inc.

    1,107,793  
    108,557    

CenturyLink, Inc.

    935,761  
    81,500    

China Mobile Ltd.

    498,498  
    36,905    

Deutsche Telekom AG

    560,910  
    183,000    

HKT Trust & HKT Ltd.

    236,668  
    27,630    

KDDI Corp.

    747,529  
    2,150    

Liberty Global plc Class A*

    40,807  
    77,210    

Mobile TeleSystems PJSC ADR

    603,782  
    96,459    

Ooredoo QPSC

    175,054  
    2,983    

Telephone & Data Systems, Inc.

    50,711  
    1,452    

United States Cellular Corp.*

    42,282  
    19,629    

Verizon Communications, Inc.

    1,118,657  
     

 

 

 
    6,118,452  
     

 

 

 
      Transportation - 0.5%  
    12,068    

Canadian National Railway Co.

    1,198,829  
    2,235    

Macquarie Infrastructure Corp.

    57,663  
    1,690    

Ryder System, Inc.

    83,249  
    3,600    

SG Holdings Co., Ltd.

    86,834  
    173,655    

Shanghai International Airport Co., Ltd. Class A

    1,717,954  
    5,165    

United Parcel Service, Inc. Class B

    811,473  
    7,400    

Yamato Holdings Co., Ltd.

    195,881  
     

 

 

 
    4,151,883  
     

 

 

 
      Utilities - 2.4%  
    2,537,000    

China Longyuan Power Group Corp. Ltd. Class H

    1,738,886  
    32,950    

Edison International

    1,846,518  
    100,665    

EDP Renovaveis S.A.

    1,913,712  
    163,570    

Electricite de France S.A.

    1,898,567  
    16,678    

Enagas S.A.

    359,974  
    96,634    

Encavis AG

    1,893,880  
    228,941    

Enel S.p.A.

    1,820,196  
    156,359    

Engie S.A.*

    1,891,092  
    165,100    

ENN Energy Holdings Ltd.

    2,089,522  
    2,298    

Exelon Corp.

    91,667  
    155,823    

Iberdrola S.A.

    1,839,892  
    76,154    

National Grid plc

    905,889  
    50,993    

RWE AG

    1,887,136  
    8,600    

Toho Gas Co., Ltd.

    443,947  
    8,100    

Tohoku Electric Power Co., Inc.

    71,467  
     

 

 

 
    20,692,345  
     

 

 

 
 

Total Common Stocks
(cost $199,928,273)

  $ 206,941,496  
     

 

 

 
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 17.3%  
      Asset-Backed - Automobile - 0.6%  
 

ARI Fleet Lease Trust

 

$     27,150    

2.55%, 10/15/2026(1)

  $ 27,220  
    123,464    

3.22%, 08/16/2027(1)

    124,805  
Shares or Principal Amount   Market Value  
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 17.3% - (continued)  
      Asset-Backed - Automobile - 0.6% - (continued)  
$     965,000    

Broad River BSL Funding CLO 2.60%, 04/20/2029, 3 mo. USD LIBOR + 2.380%(1)(5)

  $ 963,163  
    34,283    

Canadian Pacer Auto Receivables Trust
3.27%, 12/19/2022(1)

    34,776  
    262,736    

Chesapeake Funding II LLC
0.87%, 08/16/2032(1)

    263,734  
 

Chesapeake Funding LLC

 

    28,997    

0.60%, 05/15/2029, 1 mo. USD LIBOR + 0.450%(1)(5)

    28,996  
    62,691    

1.91%, 08/15/2029(1)

    62,833  
    236,101    

3.23%, 08/15/2030(1)

    239,738  
 

Enterprise Fleet Financing LLC

 

    281,244    

2.06%, 05/20/2025(1)

    285,981  
    111,446    

2.98%, 10/20/2024(1)

    113,536  
    214,389    

3.38%, 05/20/2024(1)

    217,576  
    1,250,000    

JPMorgan Chase Bank NA 1.89%, 01/25/2028(1)

    1,253,322  
 

Magnetite Ltd.

 

    400,000    

2.57%, 10/25/2031, 3 mo. USD LIBOR + 2.350%(1)(5)

    397,663  
    350,000    

3.72%, 10/25/2031, 3 mo. USD LIBOR + 3.500%(1)(5)

    348,122  
    562,654    

OneMain Direct Auto Receivables Trust 3.43%, 12/16/2024(1)

    569,308  
    75,342    

Santander Retail Auto Lease Trust 2.72%, 01/20/2022(1)

    75,664  
    540,000    

Symphony CLO Ltd. 0.00%, 01/15/2034, 3 mo. USD LIBOR(1)

    538,282  
     

 

 

 
    5,544,719  
     

 

 

 
      Asset-Backed - Finance & Insurance - 6.6%  
    677,150    

Ajax Mortgage Loan Trust 3.16%, 09/25/2056(1)(6)

    674,515  
    520,000    

Apidos CLO 0.00%, 01/20/2033, 3 mo. USD LIBOR + 2.300%(1)(5)(7)

    520,000  
    270,000    

Apidos CLO XXXIII 2.97%, 07/24/2031, 3 mo. USD LIBOR + 2.700%(1)(5)

    269,840  
    1,250,000    

Babson CLO Ltd. 0.00%, 10/15/2033, 3 mo. USD LIBOR + 2.600%(1)(5)(7)

    1,249,365  
    1,895,000    

Bain Capital Credit CLO Ltd. 0.00%, 10/23/2032, 3 mo. USD LIBOR + 3.750%(1)(5)

    1,888,858  
    260,000    

Ballyrock CLO Ltd. 2.76%, 10/20/2031, 3 mo. USD LIBOR + 2.550%(1)(5)

    260,000  
 

Barings CLO Ltd.

 

    1,000,000    

2.12%, 07/20/2029, 3 mo. USD LIBOR + 1.900%(1)(5)

    960,249  
    1,250,000    

2.78%, 10/15/2032, 3 mo. USD LIBOR + 2.550%(1)(5)

    1,250,000  
    1,110,000    

3.98%, 10/15/2032, 3 mo. USD LIBOR + 3.750%(1)(5)

    1,110,000  
    288,713    

Bayview Koitere Fund Trust 3.50%, 07/28/2057(1)(6)

    298,764  
    330,000    

BFLD Trust 2.20%, 11/15/2022, 1 mo. USD LIBOR + 2.050%(1)(5)(7)

    330,000  
 

BlueMountain CLO Ltd.

 

    1,400,000    

1.74%, 07/15/2031, 3 mo. USD LIBOR + 1.500%(1)(5)

    1,373,294  
    2,000,000    

1.91%, 07/30/2030, 3 mo. USD LIBOR + 1.700%(1)(5)

    1,966,662  
    1,200,000    

1.98%, 08/15/2031, 3 mo. USD LIBOR + 1.700%(1)(5)

    1,171,985  
    490,000    

2.07%, 04/20/2027, 3 mo. USD LIBOR + 1.850%(1)(5)

    461,784  
 

 

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

 

 

  79  

 


Hartford Multi-Asset Income and Growth Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 17.3% - (continued)  
      Asset-Backed - Finance & Insurance - 6.6% - (continued)  
 

Carlyle Global Market Strategies CLO Ltd.

 

$     1,000,000    

2.02%, 04/17/2031, 3 mo. USD LIBOR + 1.800%(1)(5)

  $ 932,467  
    560,000    

2.02%, 07/20/2032, 3 mo. USD LIBOR + 1.800%(1)(5)

    539,437  
    1,255,000    

Cayuga Park CLO Ltd. 4.23%, 07/17/2031, 3 mo. USD LIBOR + 4.000%(1)(5)

    1,255,336  
    506,407    

CF Hippolyta LLC 1.69%, 07/15/2060(1)

    511,759  
 

CIFC Funding Ltd.

 

    750,000    

1.27%, 04/24/2030, 3 mo. USD LIBOR + 1.050%(1)(5)

    739,743  
    1,200,000    

2.02%, 10/22/2031, 3 mo. USD LIBOR + 1.800%(1)(5)

    1,175,950  
    785,000    

2.13%, 01/16/2033, 3 mo. USD LIBOR + 1.900%(1)(5)

    782,844  
    835,000    

2.61%, 10/20/2031, 3 mo. USD LIBOR + 2.400%(1)(5)

    829,617  
    1,250,000    

4.11%, 10/20/2031, 3 mo. USD LIBOR + 3.900%(1)(5)

    1,237,795  
    780,000    

Credit Acceptance Auto Loan Trust 1.24%, 10/15/2029(1)

    779,582  
    1,000,000    

CSMC Trust 3.65%, 11/13/2039(1)(6)

    790,538  
 

DB Master Finance LLC

 

    138,600    

3.79%, 05/20/2049(1)

    142,071  
    123,750    

4.02%, 05/20/2049(1)

    130,312  
    2,515,000    

Dryden CLO Ltd. 0.00%, 10/15/2032, 3 mo. USD LIBOR + 3.900%(1)(5)

    2,502,724  
 

Dryden Senior Loan Fund

 

    1,200,000    

1.69%, 04/15/2029, 3 mo. USD LIBOR + 1.450%(1)(5)

    1,162,414  
    500,000    

2.09%, 10/15/2027, 3 mo. USD LIBOR + 1.850%(1)(5)

    482,021  
    230,000    

Ford Credit Floorplan Master Owner Trust 2.44%, 09/15/2026

    243,977  
 

GreatAmerica Leasing Receivables Funding LLC

 

    69,741    

2.36%, 01/20/2023(1)

    69,846  
    18,943    

2.60%, 06/15/2021(1)

    18,965  
    160,000    

2.83%, 06/17/2024(1)

    162,438  
    241,443    

Horizon Aircraft Finance Ltd. 3.43%, 11/15/2039(1)

    223,888  
    605,000    

KKR CLO Ltd. 1.47%, 01/20/2029, 3 mo. USD LIBOR + 1.250%(1)(5)

    603,916  
    250,000    

LCM L.P. 2.17%, 10/20/2027, 3 mo. USD LIBOR + 1.950%(1)(5)

    240,471  
    1,200,000    

LCM XIV L.P. 1.80%, 07/20/2031, 3 mo. USD LIBOR + 1.580%(1)(5)

    1,151,183  
 

LCM XXV Ltd.

 

    1,473,000    

1.87%, 07/20/2030, 3 mo. USD LIBOR + 1.650%(1)(5)

    1,422,548  
    931,334    

2.52%, 07/20/2030, 3 mo. USD LIBOR + 2.300%(1)(5)

    885,467  
 

Madison Park Funding Ltd.

 

    855,000    

0.99%, 04/15/2029, 3 mo. USD LIBOR + 0.750%(1)(5)

    841,422  
    1,200,000    

1.72%, 04/19/2030, 3 mo. USD LIBOR + 1.500%(1)(5)

    1,165,297  
    850,000    

2.74%, 04/15/2029, 3 mo. USD LIBOR + 2.500%(1)(5)

    777,665  
    1,090,000    

Magnetite VII Ltd. 1.04%, 01/15/2028, 3 mo. USD LIBOR + 0.800%(1)(5)

    1,075,405  
    715,000    

Magnetite XVIII Ltd. 1.78%, 11/15/2028, 3 mo. USD LIBOR + 1.500%(1)(5)

    698,479  
    305,000    

MKT Mortgage Trust 2.94%, 02/12/2040(1)(6)

    296,779  
 

MMAF Equipment Finance LLC

 

    84,164    

2.21%, 10/17/2022(1)

    84,708  
    295,000    

2.21%, 12/15/2032(1)

    302,211  
Shares or Principal Amount   Market Value  
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 17.3% - (continued)  
      Asset-Backed - Finance & Insurance - 6.6% - (continued)  
 

Neuberger Berman Loan Advisers CLO Ltd.

 

$     990,000    

2.58%, 10/20/2032, 3 mo. USD LIBOR + 2.350%(1)(5)

  $ 984,217  
    1,250,000    

3.98%, 10/20/2032, 3 mo. USD LIBOR + 3.750%(1)(5)

    1,236,789  
    1,250,000    

Oaktree CLO Ltd. 2.94%, 07/15/2029, 3 mo. USD LIBOR + 2.590%(1)(5)

    1,251,957  
 

Octagon Investment Partners Ltd.

 

    750,000    

2.62%, 07/20/2030, 3 mo. USD LIBOR + 2.400%(1)(5)

    734,520  
    690,000    

4.23%, 10/20/2031, 3 mo. USD LIBOR + 4.000%(1)(5)

    693,450  
    1,465,000    

OHA Credit Funding Ltd. 0.00%, 10/19/2032, 3 mo. USD LIBOR + 3.650%(1)(5)(7)

    1,453,954  
    36,909    

OneMain Financial Issuance Trust 2.37%, 09/14/2032(1)

    36,972  
    1,250,000    

Race Point CLO Ltd. 2.30%, 02/20/2030, 3 mo. USD LIBOR + 2.050%(1)(5)

    1,178,704  
 

Sound Point CLO Ltd.

 

    1,200,000    

2.02%, 10/20/2031, 3 mo. USD LIBOR + 1.800%(1)(5)

    1,179,566  
    2,340,000    

2.72%, 07/20/2030, 3 mo. USD LIBOR + 2.400%(1)(5)

    2,343,246  
    90,513    

Springleaf Funding Trust 3.48%, 05/15/2028(1)

    90,882  
    535,000    

Stratus CLO Ltd. 3.92%, 10/15/2028, 3 mo. USD LIBOR + 3.650%(1)(5)

    530,320  
    1,195,000    

Treman Park CLO Ltd. 1.29%, 10/20/2028, 3 mo. USD LIBOR + 1.070%(1)(5)

    1,189,795  
 

Voya CLO Ltd.

 

    1,200,000    

1.47%, 01/18/2029, 3 mo. USD LIBOR + 1.250%(1)(5)

    1,181,514  
    1,200,000    

1.52%, 01/20/2031, 3 mo. USD LIBOR + 1.300%(1)(5)

    1,168,747  
    990,000    

2.14%, 10/15/2030, 3 mo. USD LIBOR + 1.900%(1)(5)

    944,446  
    1,200,000    

2.32%, 07/14/2031, 3 mo. USD LIBOR + 2.090%(1)(5)

    1,147,052  
    800,000    

2.42%, 10/18/2031, 3 mo. USD LIBOR + 2.200%(1)(5)

    769,262  
    1,000,000    

2.99%, 10/15/2030, 3 mo. USD LIBOR + 2.750%(1)(5)

    970,962  
     

 

 

 
    57,130,946  
     

 

 

 
      Asset-Backed - Home Equity - 0.1%  
    205,000    

Progress Residential Trust 1.50%, 10/17/2027(1)

    203,959  
    305,000    

Tricon American Homes Trust 2.03%, 11/17/2039(1)(7)

    304,321  
     

 

 

 
    508,280  
     

 

 

 
      Collateralized - Mortgage Obligations - 0.1%  
    470,000    

Benchmark Mortgage Trust 3.21%, 09/15/2053

    471,735  
     

 

 

 
      Commercial Mortgage-Backed Securities - 5.1%  
    1,125,000    

1211 Avenue of the Americas Trust 4.14%, 08/10/2035(1)(6)

    1,170,863  
    1,250,000    

280 Park Avenue Mortgage Trust 1.69%, 09/15/2034, 1 mo. USD LIBOR + 1.537%(1)(5)

    1,210,861  
 

BAMLL Commercial Mortgage Securities Trust

 

    905,000    

3.00%, 11/15/2025

    905,000  
    365,000    

4.09%, 08/10/2038(1)(6)

    422,390  
    30,166,985    

Banc of America Commercial Mortgage Trust 0.74%, 11/15/2050(6)(8)

    1,292,864  
 

 

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

 

 

  80  

 


Hartford Multi-Asset Income and Growth Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 17.3% - (continued)  
      Commercial Mortgage-Backed Securities - 5.1% - (continued)  
$     500,000    

BBCMS Mortgage Trust 1.00%, 08/15/2036, 1 mo. USD LIBOR + 0.850%(1)(5)

  $ 480,878  
 

Benchmark Mortgage Trust

 

    30,302,536    

0.49%, 07/15/2051(6)(8)

    888,076  
    22,956,242    

0.67%, 01/15/2052(6)(8)

    986,903  
    1,210,000    

BF NYT Mortgage Trust 1.85%, 12/15/2035, 1 mo. USD LIBOR + 1.700%(1)(5)

    1,203,706  
 

BX Commercial Mortgage Trust

 

    240,000    

0.00%, 11/15/2032(1)

    240,000  
    1,044,044    

1.40%, 12/15/2036, 1 mo. USD LIBOR + 1.250%(1)(5)

    1,019,394  
    835,382    

1.60%, 10/15/2036, 1 mo. USD LIBOR + 1.450%(1)(5)

    830,686  
    265,803    

2.15%, 10/15/2036, 1 mo. USD LIBOR + 2.000%(1)(5)

    260,171  
    860,000    

BX Trust 1.60%, 11/15/2032, 1 mo. USD LIBOR + 1.450%(1)(5)

    839,761  
    1,190,000    

CAMB Commercial Mortgage Trust 1.90%, 12/15/2037, 1 mo. USD LIBOR + 1.750%(1)(5)

    1,188,954  
    19,564,218    

CD Mortgage Trust 1.01%, 02/10/2050(6)(8)

    970,890  
    944,000    

Commercial Mortgage Trust 4.32%, 12/10/2045(1)(6)

    919,803  
 

CSAIL Commercial Mortgage Trust

 

    20,403,771    

0.61%, 08/15/2051(6)(8)

    760,981  
    24,435,569    

0.72%, 11/15/2050(6)(8)

    945,180  
    785,000    

CSMC Trust 2.76%, 04/05/2033(1)

    780,348  
    175,000    

CX Commercial Mortgage Trust 2.68%, 11/10/2046(1)(7)

    170,267  
 

DBJPM Mortgage Trust

 

    9,252,083    

1.47%, 08/10/2049(6)(8)

    635,942  
    3,373,233    

1.71%, 09/15/2053(6)(8)

    377,097  
    335,000    

DC Office Trust 3.07%, 09/15/2045(1)(6)

    325,105  
    350,000    

ExteNet LLC 3.20%, 07/26/2049(1)

    358,229  
 

FREMF Mortgage Trust

 

    75,000    

3.51%, 11/25/2045(1)(6)

    78,723  
    370,000    

3.54%, 02/25/2052(1)(6)

    400,249  
    390,000    

3.65%, 10/25/2052(1)(6)

    428,073  
    135,000    

3.68%, 01/25/2048(1)(6)

    145,386  
    75,000    

3.70%, 04/25/2048(1)(6)

    81,201  
    95,000    

3.78%, 10/25/2048(1)(6)

    103,807  
    80,000    

3.88%, 02/25/2050(1)(6)

    85,838  
    1,200,000    

3.98%, 05/25/2050(1)(6)

    1,268,738  
    460,000    

4.08%, 09/25/2025(1)(6)

    506,307  
    120,000    

4.16%, 04/25/2049(1)(6)

    133,587  
 

GS Mortgage Securities Corp. Trust

 

    100,000    

1.55%, 07/15/2032, 1 mo. USD LIBOR + 1.300%(1)(5)

    97,863  
    1,190,000    

1.75%, 06/15/2036, 1 mo. USD LIBOR + 1.600%(1)(5)

    1,137,030  
    500,000    

3.45%, 03/27/2051(2)(3)(6)

    535,918  
 

GS Mortgage Securities Trust

 

    35,407,146    

0.45%, 03/10/2051(6)(8)

    968,708  
    15,252,149    

1.09%, 07/10/2052(6)(8)

    1,084,469  
    5,823,779    

1.14%, 05/10/2052(6)(8)

    416,630  
    1,250,000    

3.76%, 05/10/2049(6)

    1,335,236  
    469,000    

3.97%, 05/10/2052

    504,316  
    500,000    

Hudson Yards Mortgage Trust 2.98%, 08/10/2038(1)(6)

    480,809  
 

JP Morgan Chase Commercial Mortgage Securities Trust

 
    1,195,000    

3.62%, 01/16/2037(1)

    1,154,768  
    1,190,000    

3.75%, 06/05/2039(1)(6)

    1,288,448  
    2,358,657    

JP Morgan Mortgage Trust 4.23%, 11/25/2050(1)(6)

    2,522,831  
Shares or Principal Amount   Market Value  
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 17.3% - (continued)  
      Commercial Mortgage-Backed Securities - 5.1% - (continued)  
$     920,000    

KNDL Mortgage Trust 1.50%, 05/15/2036, 1 mo. USD LIBOR + 1.350%(1)(5)

  $ 904,411  
    1,314,000    

Morgan Stanley Bank of America Merrill Lynch Trust 4.11%, 11/15/2052(6)

    1,429,235  
 

Morgan Stanley Capital Trust

 

    660,000    

1.55%, 11/15/2034, 1 mo. USD LIBOR + 1.400%(1)(5)

    655,981  
    1,250,000    

1.80%, 10/15/2037, 1 mo. USD LIBOR + 1.650%(1)(5)

    1,223,510  
    275,000    

3.30%, 12/15/2036, 1 mo. USD LIBOR + 1.800%(1)(5)

    263,853  
    1,250,000    

One Market Plaza Trust 4.15%, 02/10/2032(1)

    1,275,219  
    400,000    

SFAVE Commercial Mortgage Securities Trust 4.14%, 01/05/2043(1)(6)

    381,400  
    1,000,000    

Wells Fargo Commercial Mortgage Trust 4.14%, 10/15/2045

    1,034,540  
 

Wells Fargo N.A.

 

    12,496,829    

0.70%, 12/15/2052(6)(8)

    682,960  
    12,250,007    

0.90%, 05/15/2062(6)(8)

    774,825  
 

WF-RBS Commercial Mortgage Trust

 

    915,000    

5.22%, 06/15/2044(1)(6)

    897,893  
    665,000    

5.66%, 11/15/2044(1)(6)

    670,465  
     

 

 

 
    44,137,576  
     

 

 

 
      Other Asset-Backed Securities - 1.5%  
    221,743    

Aaset Trust 3.84%, 05/15/2039(1)

    206,286  
    478,249    

Aaset U.S. Ltd. 4.45%, 11/18/2038(1)

    446,153  
    212,913    

Affirm Asset Securitization Trust 3.46%, 10/15/2024(1)

    214,262  
    650,000    

Atlas Senior Loan Fund Ltd. 1.74%, 01/15/2031, 3 mo. USD LIBOR + 1.500%(1)(5)

    620,149  
    133,311    

Bayview Koitere Fund Trust 4.00%, 11/28/2053(1)(6)

    138,689  
 

Bayview Opportunity Master Fund Trust

 

    138,432    

3.50%, 01/28/2055(1)(6)

    141,109  
    190,315    

3.50%, 06/28/2057(1)(6)

    196,603  
    170,031    

4.00%, 10/28/2064(1)(6)

    176,660  
    545,000    

BlueMountain CLO Ltd. 1.70%, 11/20/2028, 3 mo. USD LIBOR + 1.450%(1)(5)

    529,683  
    1,200,000    

Carlyle U.S. CLO Ltd. 1.67%, 10/20/2027, 3 mo. USD LIBOR + 1.450%(1)(5)

    1,167,350  
    227,477    

Castlelake Aircraft Securitization Trust 3.97%, 04/15/2039(1)

    208,804  
    134,832    

Cloud Pass-Through Trust 3.55%, 12/05/2022(1)(6)

    136,844  
    400,000    

Dewolf Park CLO Ltd. 2.39%, 10/15/2030, 3 mo. USD LIBOR + 2.150%(1)(5)

    392,521  
    462,440    

Hertz Fleet Lease Funding L.P. 2.70%, 01/10/2033(1)

    469,255  
    750,000    

LCM XXIII Ltd. 3.52%, 10/20/2029, 3 mo. USD LIBOR + 3.300%(1)(5)

    677,319  
    1,750,000    

Long Point Park CLO Ltd. 1.92%, 01/17/2030, 3 mo. USD LIBOR + 1.700%(1)(5)

    1,688,129  
 

Mill City Mortgage Loan Trust

 

    42,117    

2.50%, 04/25/2057(1)(6)

    42,558  
    204,240    

2.75%, 01/25/2061(1)(6)

    210,268  
    700,000    

Neuberger Berman CLO Ltd. 1.84%, 01/15/2028, 3 mo. USD LIBOR + 1.600%(1)(5)

    672,731  
    1,250,000    

Neuberger Berman Loan Advisers CLO Ltd. 2.17%, 04/20/2031, 3 mo. USD LIBOR + 1.950%(1)(5)

    1,247,739  
    314,236    

Sapphire Aviation Finance Ltd. 3.23%, 03/15/2040(1)

    286,980  
 

 

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

 

 

  81  

 


Hartford Multi-Asset Income and Growth Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 17.3% - (continued)  
      Other Asset-Backed Securities - 1.5% - (continued)  
$     101,859    

SoFi Consumer Loan Program Trust 3.54%, 11/26/2027(1)

  $ 102,468  
 

Stack Infrastructure Issuer LLC

 

    100,000    

1.89%, 08/25/2045(1)

    100,338  
    340,000    

3.08%, 10/25/2044(1)

    346,899  
    164,913    

START Ireland 4.09%, 03/15/2044(1)

    155,677  
    54,087    

START Ltd. 3.54%, 11/15/2044(1)

    49,666  
 

Towd Point Mortgage Trust

 

    108,426    

2.25%, 04/25/2056(1)(6)

    109,700  
    201,444    

2.75%, 10/25/2056(1)(6)

    206,473  
    71,749    

2.75%, 04/25/2057(1)(6)

    73,665  
    274,813    

2.75%, 06/25/2057(1)(6)

    284,273  
    105,094    

3.00%, 01/25/2058(1)(6)

    109,673  
 

Vantage Data Centers Issuer LLC

 

    1,185,000    

1.65%, 09/15/2045(1)

    1,177,640  
    420,042    

3.19%, 07/15/2044(1)

    437,503  
     

 

 

 
    13,024,067  
     

 

 

 
      Whole Loan Collateral CMO - 3.3%  
 

Angel Oak Mortgage Trust LLC

 

    894,342    

2.04%, 05/25/2065(1)(6)

    894,581  
    201,543    

2.62%, 11/25/2059(1)(6)

    203,464  
    21,969    

2.71%, 11/25/2047(1)(6)

    21,991  
    326,618    

3.65%, 09/25/2048(1)(6)

    332,755  
    8,873,575    

Banc of America Commercial Mortgage Trust 1.79%, 03/15/2063(6)(8)

    1,305,051  
 

Benchmark Mortgage Trust

 

    2,951,706    

1.05%, 05/15/2052(6)(8)

    201,671  
    14,935,505    

1.23%, 03/15/2062(6)(8)

    1,187,748  
    325,000    

3.72%, 12/15/2072(6)

    324,958  
    1,000,000    

3.96%, 05/15/2052(6)

    1,097,229  
    91,863    

BRAVO Residential Funding Trust 2.41%, 05/25/2060(1)(6)

    91,885  
    959,041    

Chase Mortgage Reference Notes 2.65%, 10/25/2057, 1 mo. USD LIBOR + 2.500%(1)(5)

    963,404  
 

Deephaven Residential Mortgage Trust

 

    51,888    

2.45%, 06/25/2047(1)(6)

    52,004  
    33,374    

2.58%, 10/25/2047(1)(6)

    33,761  
    12,511    

2.73%, 12/26/2046(1)(6)

    12,530  
    77,886    

2.98%, 12/25/2057(1)(6)

    77,968  
    615,989    

3.05%, 10/25/2059(1)(6)

    622,154  
    70,853    

3.56%, 04/25/2059(1)(6)

    71,684  
 

Fannie Mae Connecticut Avenue Securities

 

    371,804    

2.30%, 10/25/2030, 1 mo. USD LIBOR + 2.150%(5)

    362,923  
    327,987    

2.35%, 08/25/2030, 1 mo. USD LIBOR + 2.200%(5)

    318,320  
    366,571    

2.40%, 07/25/2030, 1 mo. USD LIBOR + 2.250%(5)

    361,072  
    368,152    

2.70%, 12/25/2030, 1 mo. USD LIBOR + 2.550%(5)

    361,003  
    824,035    

2.80%, 02/25/2030, 1 mo. USD LIBOR + 2.650%(5)

    817,958  
    775,527    

3.70%, 07/25/2029, 1 mo. USD LIBOR + 3.550%(5)

    797,037  
    996,631    

4.40%, 01/25/2029, 1 mo. USD LIBOR + 4.250%(5)

    1,030,062  
    870,608    

4.45%, 02/25/2025, 1 mo. USD LIBOR + 4.300%(5)

    883,766  
    616,965    

4.50%, 05/25/2029, 1 mo. USD LIBOR + 4.350%(5)

    641,695  
    671,659    

4.60%, 01/25/2029, 1 mo. USD LIBOR + 4.450%(5)

    697,380  
    1,403,011    

5.15%, 07/25/2025, 1 mo. USD LIBOR + 5.000%(5)

    1,431,744  
Shares or Principal Amount   Market Value  
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 17.3% - (continued)  
      Whole Loan Collateral CMO - 3.3% - (continued)  
$     1,033,591    

5.45%, 10/25/2028, 1 mo. USD LIBOR + 5.300%(5)

  $ 1,090,692  
    650,100    

5.85%, 04/25/2028, 1 mo. USD LIBOR + 5.700%(5)

    688,292  
    704,356    

6.05%, 10/25/2028, 1 mo. USD LIBOR + 5.900%(5)

    745,736  
    1,035,575    

6.15%, 09/25/2028, 1 mo. USD LIBOR + 6.000%(5)

    1,089,622  
    606,385    

6.90%, 08/25/2028, 1 mo. USD LIBOR + 6.750%(5)

    646,089  
    650,000    

FirstKey Homes Trust 1.67%, 10/19/2037(1)

    647,092  
    945,000    

FREMF Mortgage Trust 4.19%, 05/25/2052(1)(6)

    1,076,374  
 

GS Mortgage-Backed Securities Trust

 

    130,424    

2.35%, 09/27/2060(1)(6)

    130,754  
    710,000    

3.45%, 03/27/2051(2)(3)(6)

    724,062  
    1,298,160    

JP Morgan Mortgage Trust 4.23%, 11/25/2050(1)(6)

    1,349,266  
    202,879    

MetLife Securitization Trust 3.00%, 04/25/2055(1)(6)

    213,747  
    251,017    

New Residential Mortgage Loan Trust 4.00%, 04/25/2057(1)(6)

    270,756  
 

Seasoned Credit Risk Transfer Trust

 

    303,155    

3.50%, 03/25/2058

    325,914  
    291,694    

3.50%, 07/25/2058

    313,881  
    423,339    

3.50%, 10/25/2058

    456,177  
    212,784    

Verus Securitization Trust 3.21%, 05/25/2059(1)(6)

    214,880  
 

Wells Fargo N.A.

 

    31,773,637    

0.96%, 08/15/2061(6)(8)

    2,180,574  
    14,230,352    

1.36%, 03/15/2063(6)(8)

    1,296,993  
     

 

 

 
    28,658,699  
     

 

 

 
 

Total Asset & Commercial Mortgage-Backed Securities
(cost $150,724,666)

  $ 149,476,022  
     

 

 

 
CORPORATE BONDS - 20.5%  
      Aerospace/Defense - 0.5%  
    600,000    

BAE Systems Holdings, Inc. 3.85%, 12/15/2025(1)

  $ 677,556  
    200,000    

BAE Systems plc 3.40%, 04/15/2030(1)

    222,475  
 

Boeing Co.

 

    603,000    

3.25%, 03/01/2028

    592,219  
    170,000    

3.45%, 11/01/2028

    168,496  
    685,000    

5.15%, 05/01/2030

    757,015  
    135,000    

Lockheed Martin Corp. 4.85%, 09/15/2041

    176,289  
 

United Technologies Corp.

 

    300,000    

3.95%, 08/16/2025

    342,223  
    900,000    

4.13%, 11/16/2028

    1,055,391  
     

 

 

 
    3,991,664  
     

 

 

 
      Agriculture - 0.4%  
 

Altria Group, Inc.

 

    140,000    

4.50%, 05/02/2043

    153,284  
    180,000    

5.80%, 02/14/2039

    229,200  
    990,000    

BAT Capital Corp. 3.56%, 08/15/2027

    1,068,417  
    1,250,000    

Imperial Brands Finance plc 3.75%, 07/21/2022(1)

    1,301,652  
 

Philip Morris International, Inc.

 

    300,000    

2.63%, 03/06/2023

    315,330  
    80,000    

4.88%, 11/15/2043

    103,068  
     

 

 

 
    3,170,951  
     

 

 

 
      Airlines - 0.1%  
    391,676    

Continental Airlines, Inc. 5.98%, 10/19/2023

    381,808  
 

 

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

 

 

  82  

 


Hartford Multi-Asset Income and Growth Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 20.5% - (continued)  
      Airlines - 0.1% - (continued)  
$     195,629    

Southwest Airlines Co. 6.15%, 02/01/2024

  $ 202,095  
    57,643    

United Airlines Class B Pass-Through Trust 4.60%, 09/01/2027

    45,594  
     

 

 

 
    629,497  
 

 

 

 
      Apparel - 0.2%  
    640,000    

G-III Apparel Group Ltd. 7.88%, 08/15/2025(1)

    648,000  
 

VF Corp.

 

    160,000    

2.80%, 04/23/2027

    172,725  
    770,000    

2.95%, 04/23/2030

    835,762  
     

 

 

 
    1,656,487  
 

 

 

 
      Auto Manufacturers - 0.3%  
 

General Motors Financial Co., Inc.

 

    1,375,000    

3.70%, 05/09/2023

    1,444,886  
    335,000    

3.95%, 04/13/2024

    357,818  
    630,000    

Nissan Motor Co., Ltd. 4.35%, 09/17/2027(1)

    631,959  
    485,000    

Volkswagen Group of America Finance LLC 3.35%, 05/13/2025(1)

    527,580  
     

 

 

 
    2,962,243  
 

 

 

 
      Auto Parts & Equipment - 0.1%  
    675,000    

Clarios Global L.P. / Clarios US Finance Co. 6.25%, 05/15/2026(1)

    707,089  
     

 

 

 
      Beverages - 0.3%  
 

Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc.

 
    105,000    

4.70%, 02/01/2036

    129,010  
    385,000    

4.90%, 02/01/2046

    470,908  
 

Anheuser-Busch InBev Worldwide, Inc.

 
    115,000    

3.75%, 07/15/2042

    123,241  
    240,000    

4.00%, 04/13/2028

    276,453  
    105,000    

4.38%, 04/15/2038

    122,841  
    15,000    

4.50%, 06/01/2050

    17,719  
    380,000    

4.60%, 04/15/2048

    450,256  
    575,000    

5.55%, 01/23/2049

    775,411  
    180,000    

Molson Coors Brewing Co. 3.50%, 05/01/2022

    187,324  
     

 

 

 
    2,553,163  
 

 

 

 
      Biotechnology - 0.1%  
    315,000    

Amgen, Inc. 2.30%, 02/25/2031

    326,766  
    510,000    

Emergent BioSolutions, Inc. 3.88%, 08/15/2028(1)

    512,550  
     

 

 

 
    839,316  
 

 

 

 
      Chemicals - 0.2%  
    575,000    

DuPont de Nemours, Inc. 5.42%, 11/15/2048

    776,940  
    450,000    

Syngenta Finance N.V. 5.18%, 04/24/2028(1)

    492,055  
     

 

 

 
    1,268,995  
 

 

 

 
      Commercial Banks - 4.3%  
 

Bank of America Corp.

 
    1,381,000    

3.42%, 12/20/2028, (3.42% fixed rate until 12/20/2027; 3 mo. USD LIBOR + 1.040% thereafter)(9)

    1,534,181  
    450,000    

3.59%, 07/21/2028, (3.59% fixed rate until 07/21/2027; 3 mo. USD LIBOR + 1.370% thereafter)(9)

    503,086  
    635,000    

4.00%, 04/01/2024

    702,618  
    200,000    

Bank of New York Mellon Corp. 3.00%, 02/24/2025

    218,371  
 

Barclays plc

 

    815,000    

3.20%, 08/10/2021

    831,955  
    720,000    

3.93%, 05/07/2025, (3.93% fixed rate until 05/07/2024; 3 mo. USD LIBOR + 1.610% thereafter)(9)

    775,723  
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 20.5% - (continued)  
      Commercial Banks - 4.3% - (continued)  
 

BNP Paribas S.A.

 

$     390,000    

2.82%, 11/19/2025, (2.82% fixed rate until 11/19/2024; 3 mo. USD LIBOR + 1.111% thereafter)(1)(9)

  $ 412,600  
    405,000    

3.38%, 01/09/2025(1)

    439,356  
   

BPCE S.A.

 
    300,000    

3.50%, 10/23/2027(1)

    329,068  
    425,000    

5.15%, 07/21/2024(1)

    475,665  
    1,200,000    

5.70%, 10/22/2023(1)

    1,346,625  
   

Capital One Financial Corp.

 
    615,000    

3.75%, 04/24/2024

    669,280  
    165,000    

4.20%, 10/29/2025

    183,481  
   

Citigroup, Inc.

 
    1,000,000    

2.88%, 07/24/2023, (2.88% fixed rate until 07/24/2022; 3 mo. USD LIBOR + 0.950% thereafter)(9)

    1,037,698  
    500,000    

4.45%, 09/29/2027

    576,892  
    1,400,000    

5.30%, 05/06/2044

    1,854,984  
   

Credit Agricole S.A.

 
    360,000    

3.25%, 10/04/2024(1)

    389,035  
    250,000    

3.75%, 04/24/2023(1)

    268,649  
   

Credit Suisse Group AG

 
    850,000    

3.57%, 01/09/2023(1)

    878,103  
    335,000    

3.63%, 09/09/2024

    370,634  
    250,000    

3.87%, 01/12/2029, (3.87% fixed rate until 01/12/2028; 3 mo. USD LIBOR + 1.410% thereafter)(1)(9)

    278,248  
    950,000    

Credit Suisse Group Funding Guernsey Ltd. 3.80%, 09/15/2022

    1,004,537  
   

Danske Bank A/S

 
    805,000    

1.62%, 09/11/2026, (1.62% fixed rate until 09/11/2025; 12 mo. USD CMT + 1.350% thereafter)(1)(9)

    799,614  
    485,000    

3.88%, 09/12/2023(1)

    521,426  
    200,000    

5.00%, 01/12/2022(1)

    209,434  
    250,000    

5.38%, 01/12/2024(1)

    280,617  
    670,000    

Deutsche Bank AG 4.25%, 10/14/2021

    688,976  
    440,000    

Fifth Third Bancorp 2.55%, 05/05/2027

    468,896  
   

Goldman Sachs Group, Inc.

 

    530,000    

3.27%, 09/29/2025, (3.27% fixed rate until 09/29/2024; 3 mo. USD LIBOR + 1.201% thereafter)(9)

    575,386  
    1,000,000    

4.25%, 10/21/2025

    1,136,471  
    300,000    

6.25%, 02/01/2041

    449,556  
   

HSBC Holdings plc

 

    1,755,000    

3.60%, 05/25/2023

    1,885,607  
    200,000    

4.04%, 03/13/2028, (4.04% fixed rate until 03/13/2027; 3 mo. USD LIBOR + 1.546% thereafter)(9)

    223,386  
    720,000    

ING Groep N.V. 3.95%, 03/29/2027

    818,539  
   

JP Morgan Chase & Co.

 

    535,000    

2.52%, 04/22/2031, (2.52% fixed rate until 04/22/2030; 3 mo. USD SOFR + 2.040% thereafter)(9)

    562,316  
    105,000    

3.11%, 04/22/2041, (3.11% fixed rate until 04/22/2040; 3 mo. USD SOFR + 2.460% thereafter)(9)

    112,422  
    180,000    

3.38%, 05/01/2023

    192,218  
    555,000    

3.70%, 05/06/2030, (3.70% fixed rate until 05/06/2029; 3 mo. USD LIBOR + 1.160% thereafter)(9)

    633,808  
    230,000    

5.40%, 01/06/2042

    330,930  
    920,000    

Macquarie Group Ltd. 4.15%, 03/27/2024, (4.15% fixed rate until 03/27/2023; 3 mo. USD LIBOR + 1.330% thereafter)(1)(9)

    985,748  
 

 

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

 

 

  83  

 


Hartford Multi-Asset Income and Growth Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 20.5% - (continued)  
      Commercial Banks - 4.3% - (continued)  
   

Morgan Stanley

 

$     320,000    

3.13%, 07/27/2026

  $ 353,079  
    750,000    

3.63%, 01/20/2027

    851,908  
    875,000    

3.70%, 10/23/2024

    972,382  
    575,000    

4.10%, 05/22/2023

    622,439  
    605,000    

National Australia Bank Ltd. 2.33%, 08/21/2030(1)(10)

    592,140  
    1,795,000    

NBK SPC Ltd. 2.75%, 05/30/2022(1)

    1,837,714  
 

Santander Holdings USA, Inc.

 

    205,000    

3.40%, 01/18/2023

    215,227  
    1,095,000    

3.70%, 03/28/2022

    1,134,838  
    410,000    

Synchrony Bank 3.65%, 05/24/2021

    415,133  
    165,000    

U.S. Bancorp 3.70%, 01/30/2024

    180,567  
    315,000    

UBS Group Funding Switzerland AG 3.13%, 08/13/2030, (3.13% fixed rate until 08/13/2029; 3 mo. USD LIBOR + 1.468% thereafter)(1)(9)

    345,992  
 

Wells Fargo & Co.

 

    1,794,000    

4.48%, 01/16/2024

    1,985,655  
    1,420,000    

5.38%, 11/02/2043

    1,869,700  
     

 

 

 
    37,332,913  
 

 

 

 
      Commercial Services - 0.3%  
    260,000    

Ashtead Capital, Inc. 4.25%, 11/01/2029(1)

    277,485  
 

CommonSpirit Health

 

    597,000    

2.95%, 11/01/2022

    618,168  
    70,000    

4.35%, 11/01/2042

    75,241  
 

ERAC USA Finance LLC

 

    255,000    

3.30%, 12/01/2026(1)

    278,623  
    510,000    

4.50%, 08/16/2021(1)

    525,303  
    340,000    

5.63%, 03/15/2042(1)

    447,196  
    85,000    

Gartner, Inc. 3.75%, 10/01/2030(1)

    86,921  
     

 

 

 
    2,308,937  
 

 

 

 
      Construction Materials - 0.3%  
    956,000    

Jeld-Wen, Inc. 4.88%, 12/15/2027(1)

    987,070  
    443,000    

Johnson Controls International plc 4.95%, 07/02/2064

    565,077  
    290,000    

Norbord, Inc. 5.75%, 07/15/2027(1)

    304,500  
    1,045,000    

Standard Industries, Inc. 3.38%, 01/15/2031(1)

    1,017,134  
     

 

 

 
    2,873,781  
 

 

 

 
      Diversified Financial Services - 0.4%  
    775,000    

Brookfield Finance LLC 3.45%, 04/15/2050

    757,094  
    700,000    

Capital One Bank USA NA 3.38%, 02/15/2023

    741,340  
    635,000    

Charles Schwab Corp. 4.63%, 03/22/2030

    793,832  
    195,000    

Genworth Mortgage Holdings, Inc. 6.50%, 08/15/2025(1)

    203,287  
 

Intercontinental Exchange, Inc.

 

    290,000    

1.85%, 09/15/2032

    287,648  
    280,000    

3.00%, 09/15/2060

    281,045  
    415,000    

Societe Generale S.A. 3.25%, 01/12/2022(1)

    426,691  
     

 

 

 
    3,490,937  
 

 

 

 
      Electric - 1.7%  
    725,000    

AES Corp. (The) 3.95%, 07/15/2030(1)

    804,482  
 

Cleco Corporate Holdings LLC

 

    275,000    

3.38%, 09/15/2029

    278,073  
    753,000    

3.74%, 05/01/2026

    795,564  
    425,000    

4.97%, 05/01/2046

    473,084  
 

Dominion Energy South Carolina, Inc.

 

    105,000    

4.60%, 06/15/2043

    136,043  
    156,000    

6.63%, 02/01/2032

    223,301  
    135,000    

Dominion Energy, Inc. 2.72%, 08/15/2021

    137,242  
 

Duke Energy Corp.

 

    105,000    

2.65%, 09/01/2026

    112,939  
    120,000    

3.40%, 06/15/2029

    134,262  
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 20.5% - (continued)  
      Electric - 1.7% - (continued)  
$     245,000    

Duquesne Light Holdings, Inc. 2.53%, 10/01/2030(1)

  $ 244,252  
    600,000    

Emera U.S. Finance L.P. 4.75%, 06/15/2046

    725,504  
    165,000    

Evergy Metro, Inc. 2.25%, 06/01/2030

    174,016  
    530,000    

Evergy, Inc. 2.90%, 09/15/2029

    563,974  
    575,000    

Exelon Corp. 5.10%, 06/15/2045

    746,899  
    1,205,000    

Fortis, Inc. 3.06%, 10/04/2026

    1,315,718  
 

Georgia Power Co.

 

    165,000    

3.70%, 01/30/2050

    184,089  
    140,000    

4.75%, 09/01/2040

    173,594  
    425,000    

Indianapolis Power and Light Co. (Ambac Assurance Corp) 6.60%, 06/01/2037(1)

    611,752  
    205,000    

Infraestructura Energetica Nova S.A.B. de C.V. 4.88%, 01/14/2048(1)

    195,365  
    645,000    

ITC Holdings Corp. 2.95%, 05/14/2030(1)

    691,007  
    661,000    

Mid-Atlantic Interstate Transmission LLC 4.10%, 05/15/2028(1)

    728,800  
 

NextEra Energy Capital Holdings, Inc.

 

    1,310,000    

2.25%, 06/01/2030

    1,357,224  
    100,000    

3.25%, 04/01/2026

    111,331  
    160,000    

Niagara Mohawk Power Corp. 3.03%, 06/27/2050(1)

    163,516  
 

Oglethorpe Power Corp.

 

    185,000    

3.75%, 08/01/2050(1)

    186,080  
    550,000    

5.25%, 09/01/2050

    654,520  
    85,000    

PacifiCorp 4.13%, 01/15/2049

    104,557  
 

San Diego Gas & Electric Co.

 

    480,000    

1.70%, 10/01/2030

    476,779  
    40,000    

3.75%, 06/01/2047

    45,649  
    10,000    

4.15%, 05/15/2048

    12,020  
 

Southern Co.

 

    605,000    

2.95%, 07/01/2023

    640,693  
    875,000    

4.40%, 07/01/2046

    1,046,804  
    90,000    

Tucson Electric Power Co. 4.00%, 06/15/2050

    105,410  
    106,000    

Union Electric Co. 4.00%, 04/01/2048

    127,732  
     

 

 

 
    14,482,275  
 

 

 

 
      Electrical Components & Equipment - 0.1%  
    955,000    

WESCO Distribution, Inc. 7.25%, 06/15/2028(1)

    1,045,725  
     

 

 

 
      Electronics - 0.1%  
    565,000    

Fortive Corp. 4.30%, 06/15/2046

    667,286  
     

 

 

 
      Engineering & Construction - 0.0%  
    155,000    

United Rentals North America, Inc. 3.88%, 02/15/2031

    156,550  
     

 

 

 
      Entertainment - 0.1%  
    530,000    

WMG Acquisition Corp. 3.00%, 02/15/2031(1)

    503,500  
     

 

 

 
      Environmental Control - 0.1%  
    445,000    

Republic Services, Inc. 2.30%, 03/01/2030

    469,228  
     

 

 

 
      Food - 0.4%  
 

Conagra Brands, Inc.

 

    390,000    

1.38%, 11/01/2027

    386,738  
    200,000    

4.60%, 11/01/2025

    232,460  
    325,000    

Danone S.A. 2.95%, 11/02/2026(1)

    356,767  
 

Kroger Co. (The)

 

    200,000    

4.45%, 02/01/2047

    243,155  
    175,000    

5.40%, 01/15/2049

    242,867  
    150,000    

McCormick & Co., Inc. 2.50%, 04/15/2030

    158,881  
    510,000    

Sigma Alimentos S.A. de C.V. 4.13%, 05/02/2026(1)

    554,181  
    550,000    

Sysco Corp. 6.60%, 04/01/2050

    770,516  
    153,000    

TreeHouse Foods, Inc. 4.00%, 09/01/2028

    153,191  
    300,000    

Tyson Foods, Inc. 5.10%, 09/28/2048

    406,049  
     

 

 

 
    3,504,805  
 

 

 

 
 

 

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

 

 

  84  

 


Hartford Multi-Asset Income and Growth Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 20.5% - (continued)  
      Forest Products & Paper - 0.1%  
$     625,000    

International Paper Co. 4.80%, 06/15/2044

  $ 776,630  
     

 

 

 
      Gas - 0.2%  
 

Boston Gas Co.

 

    165,000    

3.00%, 08/01/2029(1)

    179,478  
    125,000    

3.15%, 08/01/2027(1)

    137,422  
    560,000    

KeySpan Gas East Corp. 2.74%, 08/15/2026(1)

    615,293  
    1,075,000    

Sempra Energy 3.25%, 06/15/2027

    1,160,961  
     

 

 

 
    2,093,154  
 

 

 

 
      Healthcare-Products - 0.3%  
    1,450,000    

Alcon Finance Corp. 3.00%, 09/23/2029(1)

    1,562,306  
 

Boston Scientific Corp.

 

    660,000    

2.65%, 06/01/2030

    693,699  
    60,000    

4.00%, 03/01/2029

    69,353  
    440,000    

Zimmer Biomet Holdings, Inc. 3.05%, 01/15/2026

    478,696  
     

 

 

 
    2,804,054  
 

 

 

 
      Healthcare-Services - 1.0%  
    495,000    

Aetna, Inc. 2.80%, 06/15/2023

    519,910  
    245,000    

Centene Corp. 4.25%, 12/15/2027

    257,911  
    205,000    

Children’s Hospital 2.93%, 07/15/2050

    190,213  
 

CommonSpirit Health

 

    655,000    

1.55%, 10/01/2025

    656,725  
    220,000    

2.78%, 10/01/2030

    219,628  
    105,000    

4.19%, 10/01/2049

    108,400  
    305,000    

4.20%, 08/01/2023

    330,171  
    125,000    

Cottage Health Obligated Group 3.30%, 11/01/2049

    132,062  
 

Dignity Health

 

    214,000    

3.81%, 11/01/2024

    229,442  
    552,000    

4.50%, 11/01/2042

    582,790  
    1,000,000    

HCA, Inc. 5.50%, 06/15/2047

    1,245,353  
    715,000    

Humana, Inc. 2.90%, 12/15/2022

    748,439  
    180,000    

Memorial Sloan-Kettering Cancer Center 2.96%, 01/01/2050

    184,444  
 

Mercy Health

 

    565,000    

3.56%, 08/01/2027

    610,435  
    545,000    

4.30%, 07/01/2028

    612,460  
    185,000    

PeaceHealth Obligated Group 1.38%, 11/15/2025

    187,128  
 

Sutter Health

 

    115,000    

1.32%, 08/15/2025

    115,491  
    260,000    

2.29%, 08/15/2030

    260,632  
 

Toledo Hospital

 

    400,000    

5.33%, 11/15/2028

    447,490  
    150,000    

5.75%, 11/15/2038

    173,650  
 

UnitedHealth Group, Inc.

 

    55,000    

2.90%, 05/15/2050

    57,513  
    340,000    

3.75%, 07/15/2025

    386,047  
    5,000    

3.85%, 06/15/2028

    5,858  
     

 

 

 
    8,262,192  
 

 

 

 
      Household Products - 0.0%  
    146,760    

Procter & Gamble - Esop 9.36%, 01/01/2021

    148,780  
     

 

 

 
      Insurance - 0.9%  
 

American International Group, Inc.

 

    560,000    

4.25%, 03/15/2029

    661,257  
    99,000    

4.50%, 07/16/2044

    118,795  
    665,000    

4.75%, 04/01/2048

    834,512  
    1,100,000    

AXA Equitable Holdings, Inc. 5.00%, 04/20/2048

    1,314,012  
    185,000    

Chubb INA Holdings, Inc. 3.35%, 05/15/2024

    201,924  
    520,000    

Equitable Financial Life Global Funding 1.40%, 08/27/2027(1)

    518,656  
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 20.5% - (continued)  
      Insurance - 0.9% - (continued)  
$     115,000    

Five Corners Funding Trust 4.42%, 11/15/2023(1)

  $ 127,384  
    515,000    

Jackson National Life Global Funding 3.25%, 01/30/2024(1)

    554,203  
 

Liberty Mutual Group, Inc.

 

    23,000    

4.25%, 06/15/2023(1)

    25,180  
    77,000    

4.57%, 02/01/2029(1)

    92,927  
    875,000    

Massachusetts Mutual Life Insurance Co. 3.38%, 04/15/2050(1)

    892,264  
    485,000    

MetLife, Inc. 3.60%, 04/10/2024

    533,633  
    755,000    

Nationwide Mutual Insurance Co. 4.35%, 04/30/2050(1)

    810,724  
    460,000    

Prudential plc 3.13%, 04/14/2030

    513,264  
    100,000    

Teachers Insurance & Annuity Association of America 4.90%, 09/15/2044(1)

    128,319  
    675,000    

Unum Group 5.75%, 08/15/2042

    778,481  
     

 

 

 
    8,105,535  
 

 

 

 
      Internet - 0.1%  
    480,000    

Alibaba Group Holding Ltd. 3.60%, 11/28/2024

    525,447  
    200,000    

Meituan 3.05%, 10/28/2030(1)

    200,418  
     

 

 

 
    725,865  
 

 

 

 
      IT Services - 0.3%  
 

Apple, Inc.

 

    225,000    

3.00%, 02/09/2024

    241,479  
    170,000    

3.25%, 02/23/2026

    190,044  
    270,000    

3.45%, 05/06/2024

    297,202  
    35,000    

4.45%, 05/06/2044

    46,649  
 

International Business Machines Corp.

 

    700,000    

1.95%, 05/15/2030

    711,012  
    750,000    

3.30%, 05/15/2026

    841,477  
     

 

 

 
    2,327,863  
 

 

 

 
      Machinery-Diversified - 0.1%  
 

Otis Worldwide Corp.

 

    70,000    

2.57%, 02/15/2030

    74,517  
    130,000    

3.11%, 02/15/2040

    138,280  
    245,000    

3.36%, 02/15/2050

    265,949  
     

 

 

 
    478,746  
 

 

 

 
      Media - 1.1%  
    950,000    

Charter Communications Operating LLC / Charter Communications Operating Capital 6.48%, 10/23/2045

    1,281,371  
 

Comcast Corp.

 

    405,000    

2.65%, 08/15/2062

    383,401  
    400,000    

3.95%, 10/15/2025

    458,329  
    100,000    

4.05%, 11/01/2052

    122,565  
    575,000    

4.40%, 08/15/2035

    723,266  
    34,000    

6.40%, 05/15/2038

    51,459  
 

Cox Communications, Inc.

 

    35,000    

4.60%, 08/15/2047(1)

    42,455  
    920,000    

4.80%, 02/01/2035(1)

    1,141,345  
 

Discovery Communications LLC

 

    260,000    

4.65%, 05/15/2050

    293,028  
    1,000,000    

5.20%, 09/20/2047

    1,191,192  
    920,000    

Sky Ltd. 3.75%, 09/16/2024(1)

    1,025,099  
    245,000    

TEGNA, Inc. 4.75%, 03/15/2026(1)

    251,738  
 

Time Warner Cable LLC

 

    80,000    

6.55%, 05/01/2037

    104,522  
    60,000    

7.30%, 07/01/2038

    83,820  
    30,000    

Time Warner Entertainment Co., L.P. 8.38%, 03/15/2023

    35,117  
    1,000,000    

ViacomCBS, Inc. 5.85%, 09/01/2043

    1,261,140  
 

 

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

 

 

  85  

 


Hartford Multi-Asset Income and Growth Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 20.5% - (continued)  
      Media - 1.1% - (continued)  
 

Walt Disney Co.

 

$     180,000    

4.00%, 10/01/2023

  $ 196,860  
    300,000    

4.75%, 09/15/2044

    380,707  
     

 

 

 
    9,027,414  
 

 

 

 
      Mining - 0.1%  
    725,000    

Glencore Finance Canada Ltd. 4.25%, 10/25/2022(1)

    768,449  
     

 

 

 
      Miscellaneous Manufacturing - 0.1%  
    850,000    

Siemens Financieringsmaatschappij N.V. 3.13%, 03/16/2024(1)

    910,846  
     

 

 

 
      Office/Business Equipment - 0.0%  
    275,000    

Xerox Holdings Corp. 5.50%, 08/15/2028(1)

    271,480  
     

 

 

 
      Oil & Gas - 1.0%  
 

Aker BP ASA

 

    1,760,000    

3.75%, 01/15/2030(1)

    1,687,338  
    665,000    

4.00%, 01/15/2031(1)

    651,200  
    450,000    

BG Energy Capital plc 4.00%, 10/15/2021(1)

    464,266  
    130,000    

BP Capital Markets America, Inc. 3.25%, 05/06/2022

    135,495  
    570,000    

BP Capital Markets plc 3.81%, 02/10/2024

    624,671  
    40,000    

ConocoPhillips Co. 4.95%, 03/15/2026

    47,613  
    750,000    

Diamondback Energy, Inc. 3.50%, 12/01/2029

    745,769  
 

Equinor ASA

 

    30,000    

2.65%, 01/15/2024

    31,782  
    35,000    

2.88%, 04/06/2025

    37,805  
    355,000    

2.90%, 11/08/2020

    355,129  
    1,355,000    

3.00%, 04/06/2027

    1,484,060  
    5,000    

3.70%, 03/01/2024

    5,495  
    700,000    

Hess Corp. 7.30%, 08/15/2031

    853,392  
    765,000    

Marathon Oil Corp. 6.60%, 10/01/2037

    789,215  
    355,000    

Saudi Arabian Oil Co. 3.50%, 04/16/2029(1)

    391,667  
    625,000    

WPX Energy, Inc. 5.88%, 06/15/2028

    639,062  
     

 

 

 
    8,943,959  
     

 

 

 
      Packaging & Containers - 0.0%  
    340,000    

Graphic Packaging International LLC 3.50%, 03/01/2029(1)

    340,000  
     

 

 

 
      Pharmaceuticals - 0.7%  
 

AbbVie, Inc.

 

    450,000    

3.45%, 03/15/2022(1)

    465,871  
    525,000    

3.80%, 03/15/2025(1)

    582,697  
    405,000    

4.45%, 05/14/2046

    483,005  
    600,000    

4.75%, 03/15/2045(1)

    735,151  
    275,000    

4.85%, 06/15/2044(1)

    340,476  
    225,000    

5.00%, 12/15/2021(1)

    233,609  
    805,000    

Bayer U.S. Finance LLC 3.38%, 10/08/2024(1)

    871,210  
 

CVS Health Corp.

 

    450,000    

3.88%, 07/20/2025

    504,463  
    249,000    

4.10%, 03/25/2025

    280,727  
    361,000    

4.30%, 03/25/2028

    418,036  
    165,000    

5.13%, 07/20/2045

    208,847  
    705,000    

EMD Finance LLC 2.95%, 03/19/2022(1)

    725,692  
    200,000    

Takeda Pharmaceutical Co., Ltd. 3.18%, 07/09/2050

    203,126  
    355,000    

Upjohn, Inc. 3.85%, 06/22/2040(1)

    381,972  
     

 

 

 
    6,434,882  
     

 

 

 
      Pipelines - 1.1%  
    400,000    

Columbia Pipeline Group, Inc. 4.50%, 06/01/2025

    460,956  
    1,200,000    

Enable Midstream Partners L.P. 4.40%, 03/15/2027

    1,139,392  
 

Energy Transfer Operating L.P.

 

    1,125,000    

4.75%, 01/15/2026

    1,205,481  
Shares or Principal Amount   Market Value  
CORPORATE BONDS - 20.5% - (continued)  
      Pipelines - 1.1% - (continued)  
$     155,000    

4.95%, 06/15/2028

  $ 166,559  
    60,000    

5.00%, 05/15/2050

    56,045  
    1,100,000    

5.25%, 04/15/2029

    1,191,743  
    214,000    

7.60%, 02/01/2024

    242,776  
    65,000    

Enterprise Products Operating LLC 3.95%, 01/31/2060

    63,706  
 

Kinder Morgan Energy Partners L.P.

 

    419,000    

4.25%, 09/01/2024

    462,505  
    275,000    

4.30%, 05/01/2024

    300,697  
    670,000    

MPLX L.P. 4.13%, 03/01/2027

    733,491  
    1,175,000    

ONEOK, Inc. 4.00%, 07/13/2027

    1,214,481  
    650,000    

Sunoco Logistics Partners Operations L.P. 5.35%, 05/15/2045

    619,040  
    675,000    

Targa Resources Partners L.P. / Targa Resources Partners Finance Corp. 5.88%, 04/15/2026

    688,500  
    780,000    

Western Midstream Operating L.P. 4.00%, 07/01/2022

    780,000  
     

 

 

 
    9,325,372  
     

 

 

 
      Real Estate Investment Trusts - 0.9%  
 

American Tower Corp.

 

    150,000    

4.40%, 02/15/2026

    171,437  
    85,000    

5.00%, 02/15/2024

    96,089  
    785,000    

Brandywine Operating Partnership L.P. 3.95%, 11/15/2027

    812,875  
 

Brixmor Operating Partnership L.P.

 

    285,000    

4.05%, 07/01/2030

    308,029  
    440,000    

4.13%, 05/15/2029

    477,267  
    425,000    

Equinix, Inc. 3.00%, 07/15/2050

    415,553  
    750,000    

GLP Capital L.P. / GLP Financing II, Inc. 4.00%, 01/15/2030

    780,292  
    670,000    

Healthpeak Properties, Inc. 4.00%, 06/01/2025

    752,949  
 

SBA Tower Trust

 

    100,000    

1.88%, 07/15/2050(1)

    103,105  
    215,000    

2.84%, 01/15/2050(1)

    227,787  
    300,000    

3.45%, 03/15/2048(1)

    319,447  
    504,000    

Scentre Group Trust 1 / Scentre Group Trust 2 3.63%, 01/28/2026(1)

    538,770  
    340,000    

Simon Property Group L.P. 2.45%, 09/13/2029

    336,407  
 

VEREIT Operating Partnership L.P.

 

    335,000    

3.40%, 01/15/2028

    351,530  
    1,150,000    

4.63%, 11/01/2025

    1,276,636  
    750,000    

WEA Finance LLC 4.13%, 09/20/2028(1)

    766,333  
     

 

 

 
    7,734,506  
     

 

 

 
      Retail - 0.4%  
    825,000    

AutoZone, Inc. 3.13%, 04/21/2026

    904,831  
    160,000    

CVS Health Corp. 4.88%, 07/20/2035

    200,548  
    800,000    

L Brands, Inc. 5.25%, 02/01/2028

    788,000  
    1,120,000    

Lowe’s Cos., Inc. 1.30%, 04/15/2028

    1,108,952  
    155,000    

Starbucks Corp. 3.35%, 03/12/2050

    161,449  
    505,000    

TJX Cos., Inc. 4.50%, 04/15/2050

    668,921  
     

 

 

 
    3,832,701  
     

 

 

 
      Savings & Loans - 0.0%  
    245,000    

Nationwide Building Society 3.62%, 04/26/2023, (3.62% fixed rate until 04/26/2022; 3 mo. USD LIBOR + 1.181% thereafter)(1)(9)

    254,611  
     

 

 

 
      Software - 0.3%  
    170,000    

Black Knight InfoServ LLC 3.63%, 09/01/2028(1)

    172,125  
 

Microsoft Corp.

 

    475,000    

2.40%, 08/08/2026

    515,395  
    365,000    

3.70%, 08/08/2046

    448,560  
 

 

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

 

 

  86  

 


Hartford Multi-Asset Income and Growth Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
CORPORATE BONDS - 20.5% - (continued)  
      Software - 0.3% - (continued)  
 

Oracle Corp.

 

$     665,000    

3.60%, 04/01/2050

  $ 730,095  
    145,000    

3.85%, 04/01/2060

    164,495  
    825,000    

Western Digital Corp. 4.75%, 02/15/2026

    888,566  
     

 

 

 
    2,919,236  
     

 

 

 
      Telecommunications - 1.2%  
 

AT&T, Inc.

 

    630,000    

3.10%, 02/01/2043

    602,120  
    721,000    

3.50%, 09/15/2053(1)

    689,297  
    500,000    

4.13%, 02/17/2026

    571,150  
    460,000    

4.45%, 04/01/2024

    513,248  
    575,000    

5.65%, 02/15/2047

    750,731  
    600,000    

British Telecommunications plc 3.25%, 11/08/2029(1)

    649,132  
 

Deutsche Telekom International Finance B.V.

 

    150,000    

3.60%, 01/19/2027(1)

    167,661  
    320,000    

4.38%, 06/21/2028(1)

    377,809  
EUR     1,048,617    

Lorca Finco plc 0.00%, 09/17/2027, 3 mo. EURIBOR + 4.250%

    1,216,692  
$     835,000    

Sprint Spectrum Co. LLC / Sprint Spectrum Co. II LLC / Sprint Spectrum Co. III LLC 4.74%, 09/20/2029(1)

    908,246  
 

T-Mobile USA, Inc.

 

    600,000    

2.05%, 02/15/2028(1)

    609,000  
    110,000    

3.30%, 02/15/2051(1)

    105,978  
    1,000,000    

4.50%, 04/15/2050(1)

    1,162,835  
    370,000    

Telefonica Emisiones S.A. 5.21%, 03/08/2047

    437,252  
 

Verizon Communications, Inc.

 

    726,000    

4.52%, 09/15/2048

    933,381  
    130,000    

4.75%, 11/01/2041

    169,551  
    93,000    

4.81%, 03/15/2039

    120,771  
    575,000    

Vodafone Group plc 5.25%, 05/30/2048

    744,621  
     

 

 

 
    10,729,475  
     

 

 

 
      Toys/Games/Hobbies - 0.1%  
    581,000    

Mattel, Inc. 6.75%, 12/31/2025(1)

    611,067  
     

 

 

 
      Transportation - 0.4%  
    600,000    

FedEx Corp. 5.25%, 05/15/2050

    807,523  
 

Penske Truck Leasing Co. L.P. / PTL Finance Corp.

 

    90,000    

2.70%, 11/01/2024(1)

    95,615  
    400,000    

3.38%, 02/01/2022(1)

    412,322  
    1,330,000    

3.95%, 03/10/2025(1)

    1,483,052  
 

Union Pacific Corp.

 

    305,000    

3.25%, 02/05/2050

    330,527  
    215,000    

3.75%, 02/05/2070

    235,455  
     

 

 

 
    3,364,494  
     

 

 

 
      Trucking & Leasing - 0.1%  
    1,250,000    

Aviation Capital Group LLC 3.50%, 11/01/2027(1)

    1,102,492  
     

 

 

 
 

Total Corporate Bonds
(cost $169,032,477)

  $ 176,909,145  
     

 

 

 
EQUITY LINKED SECURITIES - 13.0%  
      Banks - 13.0%  
    60,184    

Activision Blizzard, Inc. (Canadian Imperial Bank of Commerce) 12.00%, 11/25/2020

  $ 4,608,045  
    3,133    

Alphabet Inc. (Canadian Imperial Bank of Commerce) 12.00%, 11/25/2020

    5,085,402  
    1,623    

Amazon.com Inc.(Barclays Bank plc) 12.00%,

    4,992,462  
    87,328    

Amdocs Ltd. (Merrill Lynch International & Co. C.V.) 12.00%, 12/23/2020

    4,952,227  
Shares or Principal Amount   Market Value  
EQUITY LINKED SECURITIES - 13.0% - (continued)  
      Banks - 13.0% - (continued)  
$     45,805    

APPLE INC. (Bank of Montreal) 12.00%, 12/23/2020(1)

  $ 5,032,319  
    369,838    

Bed Bath & Beyond Inc. (BNP Paribas Issuance B.V.) 12.00%, 12/23/2020

    6,798,849  
    19,112    

Biogen Inc. (BNP Paribas Issuance B.V.) 20.00%, 01/21/2021

    4,902,990  
    8,677    

Charter Communications Inc. (BNP Paribas Issuance B.V.) 12.00%,

    5,035,133  
    101,971    

Dow Inc. (HSBC Bank plc) 12.00%, 01/21/2021

    4,678,274  
    17,734    

FedEx Corporation (BNP Paribas Issuance B.V.) 12.00%, 01/21/2021

    4,684,217  
    24,580    

Goldman Sachs Group Inc. (HSBC Bank plc) 12.00%, 01/21/2021

    4,703,149  
    94,026    

Intel Corp. (HSBC Bank plc) 12.00%, 01/21/2021

    4,267,026  
    283,033    

Medical Properties Trust, Inc. (Barclays Bank plc) 12.00%, 01/21/2021(1)(6)

    5,031,363  
    23,438    

Microsoft Corp. (HSBC Bank plc) 12.00%, 01/21/2021

    4,822,971  
    41,967    

Mks Instruments Inc. (Merrill Lynch International & Co. C.V.) 12.00%, 11/25/2020

    4,583,338  
    96,688    

Morgan Stanley. (Canadian Imperial Bank of Commerce) 12.00%, 11/25/2020

    4,704,788  
    47,293    

Novavax Inc. (Bank of Montreal) 30.00%, 12/23/2020(1)

    4,022,804  
    19,301    

Palo Alto Networks Inc. (Merrill Lynch International & Co. C.V.) 12.00%, 11/25/2020

    4,318,276  
    131,024    

Pfizer Inc. (Bank of Montreal) 12.00%, 11/25/2020(1)

    4,633,636  
    97,969    

Quanta Services Inc. (Merrill Lynch International & Co. C.V.) 12.00%, 11/25/2020

    5,602,873  
    139,485    

The Kroger Co. (Canadian Imperial Bank of Commerce) 12.00%, 11/25/2020

    4,517,103  
    54,063    

Thor Industries Inc. (Merrill Lynch International & Co CV) 12.00%, 12/23/2020

    4,652,777  
    38,526    

Walmart Inc. (Bank of Montreal) 12.00%, 11/25/2020(1)

    5,404,137  
     

 

 

 
    112,034,159  
     

 

 

 
 

Total Equity Linked Securities
(cost $116,672,795)

  $ 112,034,159  
     

 

 

 
FOREIGN GOVERNMENT OBLIGATIONS - 1.7%  
      Indonesia - 0.6%  
IDR     75,000,000,000    

Indonesia Treasury Bond 7.00%, 09/15/2030

  $ 5,274,359  
     

 

 

 
      Mexico - 0.4%  
MXN     57,500,000    

Mexican Bonos 8.50%, 05/31/2029

    3,162,412  
     

 

 

 
      Qatar - 0.3%  
 

Qatar Government International Bond

 

$     2,320,000    

2.38%, 06/02/2021(1)

    2,342,202  
    250,000    

3.38%, 03/14/2024(1)

    269,395  
    315,000    

3.88%, 04/23/2023(1)

    337,838  
     

 

 

 
    2,949,435  
     

 

 

 
      Saudi Arabia - 0.1%  
    460,000    

Saudi Government International Bond 2.88%, 03/04/2023(1)

    480,200  
     

 

 

 
      Tunisia - 0.3%  
EUR     2,450,000    

Banque Centrale de Tunisie International Bond 5.63%, 02/17/2024(11)

    2,444,456  
     

 

 

 
 

Total Foreign Government Obligations
(cost $14,781,862)

  $ 14,310,862  
     

 

 

 
 

 

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

 

 

  87  

 


Hartford Multi-Asset Income and Growth Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
MUNICIPAL BONDS - 1.0%  
      Airport - 0.0%  
$     90,000    

Broward County, FL, Airport System Rev 3.48%, 10/01/2043

  $ 89,514  
 

Dallas-Fort Worth, TX, International Airport Rev

 

    50,000    

2.92%, 11/01/2050

    47,144  
    55,000    

3.09%, 11/01/2040

    54,831  
     

 

 

 
    191,489  
 

 

 

 
      Education - 0.0%  
    150,000    

Massachusetts School Building Auth 3.40%, 10/15/2040

    156,546  
     

 

 

 
      General - 0.5%  
 

Chicago, IL, Transit Auth

 

    250,000    

6.30%, 12/01/2021

    257,457  
    455,000    

6.90%, 12/01/2040

    634,684  
    140,000    

City of Sacramento, CA, (AGM Insured) 6.42%, 08/01/2023

    161,521  
    440,000    

Florida State Board of Administration Finance Co. 1.71%, 07/01/2027

    441,773  
    220,000    

Kansas, Dev Finance Auth, (AGM Insured) 5.37%, 05/01/2026

    249,258  
    165,000    

Metropolitan Transportation Auth, NY, Rev 6.67%, 11/15/2039

    194,261  
    520,000    

New York State Urban Dev Corp. Rev 2.10%, 03/15/2022

    527,774  
    575,000    

Philadelphia, PA, Auth for Industrial Dev, (NATL Insured) 6.55%, 10/15/2028

    733,091  
    575,000    

Sales Tax Securitization Corp., IL 4.79%, 01/01/2048

    676,844  
     

 

 

 
    3,876,663  
 

 

 

 
      General Obligation - 0.1%  
    130,000    

Chicago, IL, Metropolitan Water Reclamation Dist, GO 5.72%, 12/01/2038

    180,473  
    550,000    

State of Illinois, GO 5.10%, 06/01/2033

    550,814  
     

 

 

 
    731,287  
 

 

 

 
      Higher Education - 0.1%  
    230,000    

California State University 2.90%, 11/01/2051

    229,179  
    80,000    

Pennsylvania State University 2.84%, 09/01/2050

    81,239  
 

University of California

 

    95,000    

1.32%, 05/15/2027

    94,891  
    165,000    

1.61%, 05/15/2030

    161,495  
     

 

 

 
    566,804  
 

 

 

 
      Power - 0.0%  
    100,000    

New York Utility Debt Securitization Auth 3.44%, 12/15/2025

    104,964  
     

 

 

 
      Transportation - 0.2%  
 

Foothill-Eastern Transportation Corridor Agency, CA, (AGM Insured)

 
    335,000    

3.92%, 01/15/2053, (AGM Insured)

    352,055  
    45,000    

4.09%, 01/15/2049

    46,954  
    350,000    

Illinois State Toll Highway Auth, Taxable Rev 6.18%, 01/01/2034

    494,949  
 

Metropolitan Transportation Auth, NY, Rev

 

    350,000    

5.18%, 11/15/2049

    356,510  
    20,000    

6.20%, 11/15/2026

    21,941  
 

New York and New Jersey Port Auth, Taxable Rev

 

    40,000    

5.86%, 12/01/2024

    46,960  
    115,000    

6.04%, 12/01/2029

    149,407  
     

 

 

 
    1,468,776  
 

 

 

 
Shares or Principal Amount   Market Value  
MUNICIPAL BONDS - 1.0% - (continued)  
      Utility - Electric - 0.1%  
$     375,000    

Illinois Municipal Electric Agency 6.83%, 02/01/2035

  $ 511,939  
 

Municipal Electric Auth, GA

 

    407,000    

6.64%, 04/01/2057

    586,471  
    63,000    

6.66%, 04/01/2057

    92,118  
     

 

 

 
    1,190,528  
 

 

 

 
 

Total Municipal Bonds
(cost $7,566,796)

  $ 8,287,057  
     

 

 

 
SENIOR FLOATING RATE INTERESTS - 8.5%(12)  
      Advertising - 0.1%  
    414,432    

Clear Channel Outdoor Holdings, Inc. 3.71%, 08/21/2026, 1 mo. USD LIBOR + 3.500%

  $ 376,541  
    315,000    

E2open, LLC 0.00%, 10/29/2027(14)

    311,850  
    302,713    

Terrier Media Buyer, Inc. 4.40%, 12/17/2026, 1 mo. USD LIBOR + 4.250%

    294,200  
     

 

 

 
    982,591  
 

 

 

 
      Aerospace/Defense - 0.1%  
    100,000    

Spirit Aerosystems, Inc. 6.00%, 01/30/2025, 1 mo. USD LIBOR + 5.250%

    99,750  
    886,483    

TransDigm, Inc. 2.40%, 12/09/2025, 1 mo. USD LIBOR + 2.250%

    832,629  
     

 

 

 
    932,379  
 

 

 

 
      Airlines - 0.1%  
    98,750    

JetBlue Airways Corp. 6.25%, 06/17/2024, 1 mo. USD LIBOR + 5.250%

    98,195  
    230,000    

Mileage Plus Holdings LLC 6.25%, 06/25/2027, 1 mo. USD LIBOR + 5.250%

    233,406  
    295,000    

SkyMiles IP Ltd. 4.75%, 10/20/2027, 1 mo. USD LIBOR + 3.750%

    293,587  
    372,188    

WestJet Airlines Ltd. 4.00%, 12/11/2026, 3 mo. USD LIBOR + 3.000%

    326,014  
     

 

 

 
    951,202  
 

 

 

 
      Asset-Backed - Finance & Insurance - 0.0%  
    195,000    

PAI Holdco, Inc. 0.00%, 10/28/2027(14)

    193,417  
     

 

 

 
      Auto Manufacturers - 0.1%  
    493,655    

Navistar, Inc. 3.65%, 11/06/2024, 3 mo. USD LIBOR + 3.500%

    488,101  
     

 

 

 
      Auto Parts & Equipment - 0.2%  
    323,363    

Adient U.S. LLC 4.49%, 05/06/2024, 3 mo. USD LIBOR + 4.250%

    318,351  
    416,185    

Altra Industrial Motion Corp. 2.15%, 10/01/2025, 3 mo. USD LIBOR + 2.000%

    407,212  
    223,594    

First Brands Group LLC 8.50%, 02/02/2024, 1 mo. USD LIBOR + 7.500%(14)

    221,358  
    150,000    

GT Polaris, Inc. 5.00%, 08/04/2027, 1 mo. USD LIBOR + 4.000%

    147,563  
    169,313    

IAA, Inc. 2.44%, 06/28/2026, 3 mo. USD LIBOR + 2.250%

    163,669  
    731,562    

Panther BF Aggregator 2 3.65%, 04/30/2026, 3 mo. USD LIBOR + 3.500%

    709,432  
     

 

 

 
    1,967,585  
 

 

 

 
      Beverages - 0.1%  
    123,750    

Refresco Holding B.V. 3.52%, 03/28/2025, 3 mo. USD LIBOR + 3.250%

    120,450  
EUR     490,000    

Sunshine Investments B.V. 0.00%, 03/28/2025(14)

    563,830  
     

 

 

 
    684,280  
 

 

 

 
 

 

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

 

 

  88  

 


Hartford Multi-Asset Income and Growth Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 8.5%(13) - (continued)  
      Chemicals - 0.3%  
$     430,072    

Axalta Coating Systems U.S. Holdings, Inc. 1.97%, 06/01/2024, 3 mo. USD LIBOR + 1.750%

  $ 416,633  
    675,000    

Diamond (BC) B.V. 0.00%, 09/06/2024, 3 mo. USD LIBOR + 3.000%(14)

    644,625  
    237,000    

Hexion, Inc. 3.73%, 07/01/2026, 3 mo. USD LIBOR + 3.500%

    232,497  
    654,827    

Nouryon USA LLC 3.15%, 10/01/2025, 1 mo. USD LIBOR + 3.000%

    633,218  
    500,000    

Tronox Finance LLC 0.00%, 09/23/2024, 3 mo. USD LIBOR + 3.000%(14)

    489,020  
    99,250    

Univar Solutions USA, Inc. 2.15%, 07/01/2026, 1 mo. USD LIBOR + 2.000%

    96,417  
     

 

 

 
    2,512,410  
 

 

 

 
      Commercial Services - 0.9%  
 

AlixPartners LLP

 

    640,051    

2.65%, 04/04/2024, 1 mo. USD LIBOR + 2.500%

    620,049  
EUR     147,750    

3.25%, 04/04/2024, 3 mo. EURIBOR + 3.250%

    169,532  
$     375,947    

Allied Universal Holdco LLC 4.40%, 07/10/2026, 1 mo. USD LIBOR + 4.250%

    367,823  
 

Amentum Government Services Holdings LLC

 

    400,000    

0.00%, 01/29/2027(14)

    392,000  
    154,613    

3.65%, 02/01/2027, 1 mo. USD LIBOR + 3.500%

    148,041  
    500,000    

APX Group, Inc. 0.00%, 12/31/2025, 1 mo. USD LIBOR + 4.000%(14)

    487,055  
    476,400    

AVSC Holding Corp. 5.50%, 10/15/2026, 1 mo. USD LIBOR + 4.500%

    364,446  
    99,250    

Belron Finance U.S. LLC 2.46%, 10/30/2026, 1 mo. USD LIBOR + 2.250%

    96,273  
EUR     260,000    

Boels Topholding B.V. 4.00%, 01/14/2027, 3 mo. EURIBOR + 4.000%(14)

    294,246  
$     248,728    

BrightView Landscapes LLC 2.69%, 08/15/2025, 3 mo. USD LIBOR + 2.500%

    243,960  
    538,650    

Deerfield Dakota Holding LLC 4.75%, 04/09/2027, 1 mo. USD LIBOR + 3.750%

    529,450  
    188,100    

KAR Auction Services, Inc. 2.44%, 09/19/2026, 1 mo. USD LIBOR + 2.250%

    180,106  
    431,919    

MPH Acquisition Holdings LLC 3.75%, 06/07/2023, 3 mo. USD LIBOR + 2.750%

    425,902  
EUR     500,000    

Nets Holding A/S 3.25%, 02/06/2025, 3 mo. EURIBOR + 3.250%

    566,794  
$     646,250    

Quikrete Holdings, Inc. 2.65%, 02/01/2027, 1 mo. USD LIBOR + 2.500%

    632,840  
    479,400    

Trans Union LLC 1.90%, 11/16/2026, 1 mo. USD LIBOR + 1.750%

    466,916  
    158,800    

U.S. Ecology Holdings, Inc. 2.65%, 11/01/2026, 3 mo. USD LIBOR + 2.500%

    156,418  
EUR     575,000    

Verisure Holding AB 4.00%, 07/20/2026, 3 mo. EURIBOR + 4.000%(14)

    666,325  
$     740,250    

WEX, Inc. 2.40%, 05/15/2026, 3 mo. USD LIBOR + 2.250%

    712,491  
     

 

 

 
    7,520,667  
 

 

 

 
Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 8.5%(13) - (continued)  
      Construction Materials - 0.1%  
$     77,571    

Advanced Drainage Systems, Inc. 2.44%, 07/31/2026, 1 mo. USD LIBOR + 2.250%

  $ 76,860  
    196,779    

Brookfield WEC Holdings, Inc. 3.75%, 08/01/2025, 1 mo. USD LIBOR + 3.000%

    191,891  
    492,443    

Cornerstone Building Brands, Inc. 3.90%, 04/12/2025, 3 mo. USD LIBOR + 3.750%

    482,131  
    98,987    

Hamilton Holdco LLC 2.23%, 01/02/2027, 1 mo. USD LIBOR + 2.000%

    96,018  
     

 

 

 
    846,900  
 

 

 

 
      Distribution/Wholesale - 0.1%  
    742,500    

American Builders & Contractors Supply Co., Inc. 2.15%, 01/15/2027, 1 mo. USD LIBOR + 2.000%

    719,876  
     

 

 

 
      Diversified Financial Services - 0.2%  
    674,699    

Aretec Group, Inc. 4.40%, 10/01/2025, 3 mo. USD LIBOR + 4.250%

    627,470  
    984,887    

Blackhawk Network Holdings, Inc. 3.15%, 06/15/2025, 3 mo. USD LIBOR + 3.000%

    922,563  
    425,559    

Victory Capital Holdings, Inc. 2.73%, 07/01/2026, 1 mo. USD LIBOR + 2.500%

    416,337  
     

 

 

 
    1,966,370  
 

 

 

 
      Engineering & Construction - 0.1%  
    492,366    

Brand Industrial Services, Inc. 5.25%, 06/21/2024, 3 mo. USD LIBOR + 4.250%

    457,285  
     

 

 

 
      Entertainment - 0.3%  
    771,127    

Crown Finance U.S., Inc. 2.77%, 02/28/2025, 3 mo. USD LIBOR + 2.500%

    428,808  
    900,000    

Delta (LUX) S.a.r.l. 3.50%, 02/01/2024, 3 mo. USD LIBOR + 2.500%

    861,750  
    442,750    

Playtika Holding Corp. 7.00%, 12/10/2024, 1 mo. USD LIBOR + 6.000%

    442,449  
    495,579    

Scientific Games International, Inc. 2.90%, 08/14/2024, 1 mo. USD LIBOR + 2.750%

    460,116  
    492,347    

SeaWorld Parks & Entertainment, Inc. 3.75%, 03/31/2024, 3 mo. USD LIBOR + 3.000%

    459,025  
    113,522    

UFC Holdings LLC 4.25%, 04/29/2026, 1 mo. USD LIBOR + 3.250%

    111,109  
     

 

 

 
    2,763,257  
 

 

 

 
      Food - 0.3%  
    138,787    

Atkins Nutritionals Holdings, Inc. 4.75%, 07/07/2024, 1 mo. USD LIBOR + 3.750%

    138,354  
    115,617    

B&G Foods, Inc. 2.65%, 10/10/2026, 1 mo. USD LIBOR + 2.500%

    114,778  
    499,500    

Froneri U.S., Inc. 2.40%, 01/31/2027, 1 mo. USD LIBOR + 2.250%

    480,064  
    738,740    

Hostess Brands LLC 3.00%, 08/03/2025, 1 mo. USD LIBOR + 2.250%

    718,891  
 

U.S. Foods, Inc.

 

    639,974    

1.90%, 06/27/2023, 1 mo. USD LIBOR + 1.750%

    611,016  
    292,050    

2.15%, 09/13/2026, 3 mo. USD LIBOR + 2.000%

    276,901  
     

 

 

 
    2,340,004  
 

 

 

 
 

 

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

 

 

  89  

 


Hartford Multi-Asset Income and Growth Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 8.5%(13) - (continued)  
      Food Service - 0.0%  
$     189,050    

Aramark Services, Inc. 1.90%, 01/15/2027, 1 mo. USD LIBOR + 1.750%

  $ 179,244  
     

 

 

 
      Gas - 0.1%  
    591,000    

Messer Industries USA, Inc. 2.72%, 03/01/2026, 3 mo. USD LIBOR + 2.500%

    574,854  
     

 

 

 
      Hand/Machine Tools - 0.0%  
    270,000    

Applecaramel Buyer LLC 0.00%, 10/19/2027(14)

    265,804  
     

 

 

 
      Healthcare-Products - 0.1%  
    685,000    

Avantor Funding, Inc. 0.00%, 10/29/2027(14)

    678,150  
    99,500    

CPI Holdco LLC 4.40%, 11/04/2026, 1 mo. USD LIBOR + 4.250%

    98,007  
    500,000    

Parexel International Corp. 0.00%, 09/27/2024, 3 mo. USD LIBOR + 2.750%(14)

    478,930  
     

 

 

 
    1,255,087  
     

 

 

 
      Healthcare-Services - 0.3%  
EUR     545,000    

Bio Lam LCD SELAS 4.75%, 04/25/2026, 3 mo. EURIBOR + 4.750%

    626,800  
$     315,200    

Catalent Pharma Solutions, Inc. 3.25%, 05/18/2026, 3 mo. USD LIBOR + 2.250%

    313,230  
    158,400    

Emerald TopCo, Inc. 3.71%, 07/24/2026, 1 mo. USD LIBOR + 3.500%

    152,460  
    99,000    

Ensemble RCM LLC 3.96%, 08/03/2026, 3 mo. USD LIBOR + 3.750%

    96,649  
    168,298    

Gentiva Health Services, Inc. 3.44%, 07/02/2025, 1 mo. USD LIBOR + 3.250%

    164,511  
    492,208    

Jaguar Holding Co. 3.50%, 08/18/2022, 3 mo. USD LIBOR + 2.500%

    488,122  
    500,000    

Surgery Center Holdings, Inc. 0.00%, 09/03/2024, 3 mo. USD LIBOR + 3.250%(14)

    473,045  
     

 

 

 
    2,314,817  
     

 

 

 
      Household Products - 0.0%  
    109,779    

Reynolds Consumer Products LLC 1.90%, 02/04/2027, 1 mo. USD LIBOR + 1.750%

    107,549  
    265,000    

Weber-Stephen Products LLC 0.00%, 10/30/2027(14)

    262,186  
     

 

 

 
    369,735  
     

 

 

 
      Insurance - 0.6%  
    691,197    

Acrisure LLC 3.65%, 02/15/2027, 1 mo. USD LIBOR + 3.500%

    664,904  
    100,000    

Alliant Holdings Intermediate LLC 0.00%, 10/08/2027

    98,844  
 

Asurion LLC

 

    447,247    

3.15%, 08/04/2022, 1 mo. USD LIBOR + 2.750%

    439,738  
    492,175    

3.15%, 11/03/2023, 1 mo. USD LIBOR + 3.000%

    482,641  
    93,940    

6.65%, 08/04/2025, 3 mo. USD LIBOR + 6.000%

    93,940  
    105,000    

Camelot U.S. Acquisition 1 Co. 0.00%, 10/30/2026(14)

    103,732  
    886,398    

Hub International Ltd. 3.22%, 04/25/2025, 1 mo. USD LIBOR + 3.000%

    851,199  
    150,000    

Hyperion Insurance Group Ltd. 0.00%, 10/22/2027(14)

    149,250  
    493,683    

NFP Corp. 3.40%, 02/15/2027, 1 mo. USD LIBOR + 3.250%

    471,467  
Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 8.5%(13) - (continued)  
      Insurance - 0.6% - (continued)  
$     125,000    

Ryan Specialty Group LLC 4.00%, 09/01/2027, 1 mo. USD LIBOR + 3.250%(14)

  $ 123,906  
 

Sedgwick Claims Management Services, Inc.

 

    886,466    

3.40%, 12/31/2025, 3 mo. USD LIBOR + 3.250%

    849,403  
    99,750    

5.25%, 09/03/2026, 1 mo. USD LIBOR + 4.250%

    98,420  
    492,386    

USI, Inc. 3.22%, 05/16/2024, 3 mo. USD LIBOR + 3.000%

    473,818  
     

 

 

 
    4,901,262  
     

 

 

 
      IT Services - 0.1%  
    156,400    

Science Applications International Corp. 2.40%, 03/12/2027, 1 mo. USD LIBOR + 2.250%

    154,348  
    650,202    

Tempo Acquisition LLC 3.75%, 11/02/2026, 1 mo. USD LIBOR + 3.250%

    627,933  
     

 

 

 
    782,281  
     

 

 

 
      Leisure Time - 0.2%  
    375,000    

Caesars Resort Collection LLC 4.65%, 07/21/2025, 1 mo. USD LIBOR + 4.500%

    362,696  
    279,300    

Carnival Corp. 8.50%, 06/30/2025, 1 mo. USD LIBOR + 7.500%

    280,976  
    850,000    

Golden Entertainment, Inc. 3.75%, 10/21/2024, 3 mo. USD LIBOR + 3.000%

    819,187  
    500,000    

Hayward Industries, Inc. 0.00%, 08/05/2024, 3 mo. USD LIBOR + 3.500%(14)

    485,415  
    154,957    

SRAM LLC 3.75%, 03/15/2024, 3 mo. USD LIBOR + 2.750%

    153,989  
     

 

 

 
    2,102,263  
     

 

 

 
      Lodging - 0.2%  
    335,453    

Boyd Gaming Corp. 2.34%, 09/15/2023, 3 mo. USD LIBOR + 2.250%

    325,494  
    738,608    

Caesars Resort Collection LLC 2.90%, 12/23/2024, 3 mo. USD LIBOR + 2.750%

    690,805  
    492,366    

CityCenter Holdings LLC 3.00%, 04/18/2024, 3 mo. USD LIBOR + 2.250%

    462,209  
     

 

 

 
    1,478,508  
     

 

 

 
      Machinery-Construction & Mining - 0.0%  
 

Pro Mach Group, Inc.

 

    50,777    

4.50%, 03/07/2025, 1 mo. USD LIBOR + 3.500%(13)(14)

    51,285  
    153,838    

4.50%, 03/07/2025, 1 mo. USD LIBOR + 3.500%(14)

    147,684  
     

 

 

 
    198,969  
     

 

 

 
      Machinery-Diversified - 0.1%  
$     255,000    

Filtration Group Corporation 0.00%, 03/29/2025(14)

    251,387  
    179,550    

Gardner Denver, Inc. 2.90%, 03/01/2027, 1 mo. USD LIBOR + 2.750%

    177,026  
EUR     100,000    

Vertical Midco GmbH 4.25%, 07/30/2027, 3 mo. EURIBOR + 4.250%(14)

    115,894  
$     530,000    

Vertical U.S. Newco, Inc. 4.57%, 07/30/2027, 1 mo. USD LIBOR + 4.250%(14)

    521,721  
     

 

 

 
    1,066,028  
     

 

 

 
      Media - 0.8%  
 

Adevinta ASA

 

EUR     200,000    

0.00%, 10/23/2027(14)

    232,453  
$     100,000    

0.00%, 10/23/2027(14)

    99,250  
 

 

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

 

 

  90  

 


Hartford Multi-Asset Income and Growth Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 8.5%(13) - (continued)  
      Media - 0.8% - (continued)  
$     205,000    

Alliance Laundry Systems LLC 0.00%, 10/08/2027(14)

  $ 202,950  
    492,424    

AVSC Holding Corp. 4.25%, 03/03/2025, 3 mo. USD LIBOR + 3.250%

    375,843  
    135,000    

Banijay Group U.S. Holding, Inc. 3.89%, 03/01/2025, 1 mo. USD LIBOR + 3.750%

    130,612  
 

CSC Holdings LLC

 

    492,347    

2.40%, 07/17/2025, 3 mo. USD LIBOR + 2.250%

    474,322  
    362,263    

2.65%, 04/15/2027, 1 mo. USD LIBOR + 2.500%

    350,217  
    500,000    

E.W. Scripps Co. 0.00%, 05/01/2026, 1 mo. USD LIBOR + 2.500%(14)

    482,190  
    389,025    

Go Daddy Operating Co. LLC 2.65%, 08/10/2027, 1 mo. USD LIBOR + 2.500%

    382,054  
    425,886    

Gray Television, Inc. 2.65%, 01/02/2026, 3 mo. USD LIBOR + 2.500%

    414,068  
    168,438    

Houghton Mifflin Harcourt Publishers, Inc. 7.25%, 11/22/2024, 1 mo. USD LIBOR + 6.250%

    156,226  
    605,634    

ION Media Networks, Inc. 3.19%, 12/18/2024, 1 mo. USD LIBOR + 3.000%

    598,602  
    102,468    

NASCAR Holdings, Inc. 2.90%, 10/19/2026, 3 mo. USD LIBOR + 2.750%

    99,577  
    662,831    

Nexstar Broadcasting, Inc. 2.90%, 09/18/2026, 1 mo. USD LIBOR + 2.750%

    644,935  
    282,857    

Sinclair Television Group, Inc. 2.65%, 09/30/2026, 1 mo. USD LIBOR + 2.500%

    273,664  
 

UPC Broadband Holding B.V.

 

EUR     165,000    

0.00%, 01/31/2029(14)

    189,502  
$     640,000    

0.00%, 01/31/2029(14)

    623,200  
    410,000    

Virgin Media Bristol LLC 0.00%, 01/31/2029(14)

    401,726  
    500,000    

Ziggo Financing Partnership 2.65%, 04/30/2028, 1 mo. USD LIBOR + 2.500%

    479,090  
     

 

 

 
    6,610,481  
     

 

 

 
      Metal Fabricate/Hardware - 0.1%  
    324,188    

Cardtronics USA, Inc. 5.00%, 06/29/2027, 1 mo. USD LIBOR + 4.000%

    322,972  
    428,056    

Circor International, Inc. 4.25%, 12/11/2024, 1 mo. USD LIBOR + 3.250%

    418,638  
     

 

 

 
    741,610  
     

 

 

 
      Miscellaneous Manufacturing - 0.2%  
    691,859    

Core & Main L.P. 3.75%, 08/01/2024, 3 mo. USD LIBOR + 3.000%

    668,944  
    179,100    

Ingersoll-Rand Services Co. 1.90%, 03/01/2027, 1 mo. USD LIBOR + 1.750%

    172,832  
    282,150    

Tamko Building Products LLC 3.40%, 06/01/2026, 3 mo. USD LIBOR + 3.250%

    275,096  
    246,183    

Wilsonart LLC 4.25%, 12/19/2023, 3 mo. USD LIBOR + 3.250%

    242,094  
     

 

 

 
    1,358,966  
     

 

 

 
      Oil & Gas Services - 0.1%  
    184,075    

Buckeye Partners L.P. 2.90%, 11/01/2026, 1 mo. USD LIBOR + 2.750%

    180,360  
    824,563    

UGI Energy Services LLC 3.90%, 08/13/2026, 1 mo. USD LIBOR + 3.750%

    816,317  
     

 

 

 
    996,677  
     

 

 

 
Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 8.5%(13) - (continued)  
      Packaging & Containers - 0.3%  
$     618,218    

Berlin Packaging LLC 3.23%, 11/07/2025, 3 mo. USD LIBOR + 3.000%

  $ 591,944  
    434,500    

Berry Global, Inc. 2.15%, 07/01/2026, 1 mo. USD LIBOR + 2.000%

    420,062  
    195,175    

Charter NEX U.S., Inc. 3.40%, 05/16/2024, 1 mo. USD LIBOR + 3.250%

    189,905  
 

Flex Acquisition Co., Inc.

 

    496,741    

3.48%, 06/29/2025, 3 mo. USD LIBOR + 3.250%

    477,025  
    325,036    

4.00%, 12/29/2023, 3 mo. USD LIBOR + 3.000%

    316,445  
    138,950    

Pregis TopCo LLC 3.90%, 07/31/2026, 1 mo. USD LIBOR + 3.750%

    135,303  
    261,650    

Reynolds Group Holdings, Inc. 2.90%, 02/05/2023, 3 mo. USD LIBOR + 3.000%

    256,454  
     

 

 

 
    2,387,138  
     

 

 

 
      Pharmaceuticals - 0.4%  
    414,183    

Bausch Health Americas, Inc. 3.15%, 06/02/2025, 3 mo. USD LIBOR + 3.000%

    404,002  
    621,160    

Change Healthcare Holdings LLC 3.50%, 03/01/2024, 1 mo. USD LIBOR + 2.750%

    605,556  
    449,240    

Elanco Animal Health, Inc. 1.90%, 08/01/2027, 1 mo. USD LIBOR + 1.750%(14)

    439,038  
    492,366    

Endo International plc 5.00%, 04/29/2024, 3 mo. USD LIBOR + 4.250%

    466,517  
EUR     148,875    

Grifols S.A. 2.25%, 11/15/2027, 3 mo. EURIBOR + 2.250%

    170,865  
$     250,000    

Milano Acquisition Corp. 4.75%, 10/01/2027, 1 mo. USD LIBOR + 4.000%

    245,417  
 

Pathway Vet Alliance LLC

 

    37,582    

4.00%, 03/31/2027, 1 mo. USD LIBOR + 4.000%(13)(14)

    36,689  
    460,106    

4.15%, 03/31/2027, 1 mo. USD LIBOR + 4.000%(14)

    449,179  
    655,050    

Sunshine Luxembourg S.a.r.l. 5.25%, 10/01/2026, 1 mo. USD LIBOR + 4.250%

    647,785  
     

 

 

 
    3,465,048  
     

 

 

 
      Pipelines - 0.2%  
    478,938    

Lower Cadence Holdings LLC 4.15%, 05/22/2026, 3 mo. USD LIBOR + 4.000%

    433,740  
    590,886    

Medallion Midland Acquisition LLC 4.25%, 10/30/2024, 3 mo. USD LIBOR + 3.250%

    551,740  
    492,462    

NorthRiver Midstream Finance L.P. 3.48%, 10/01/2025, 3 mo. USD LIBOR + 3.250%

    459,344  
    473,722    

Traverse Midstream Partners LLC 6.50%, 09/27/2024, 1 mo. USD LIBOR + 5.500%

    435,654  
     

 

 

 
    1,880,478  
     

 

 

 
      Real Estate - 0.1%  
    246,241    

Belron Finance U.S. LLC 2.50%, 11/13/2025, 3 mo. USD LIBOR + 2.500%

    238,853  
    650,000    

VICI Properties LLC 1.90%, 12/20/2024, 1 mo. USD LIBOR + 1.750%

    623,188  
     

 

 

 
    862,041  
     

 

 

 
 

 

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

 

 

  91  

 


Hartford Multi-Asset Income and Growth Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 8.5%(13) - (continued)  
      Retail - 0.5%  
$     452,709    

B.C. Unlimited Liability Co. 1.90%, 11/19/2026, 1 mo. USD LIBOR + 1.750%

  $ 433,659  
    492,386    

Bass Pro Group LLC 5.75%, 09/25/2024, 3 mo. USD LIBOR + 5.000%

    490,387  
    787,879    

Beacon Roofing Supply, Inc. 2.40%, 01/02/2025, 3 mo. USD LIBOR + 2.250%

    761,658  
    99,500    

Buzz Merger Sub Ltd. 2.90%, 01/29/2027, 1 mo. USD LIBOR + 2.750%

    96,515  
    716,554    

Harbor Freight Tools USA, Inc. 4.00%, 10/19/2027, 1 mo. USD LIBOR + 3.250%

    704,989  
    247,462    

IRB Holding Corp. 3.75%, 02/05/2025, 1 mo. USD LIBOR + 2.750%

    234,814  
    430,000    

Les Schwab Tire Centers 0.00%, 10/28/2027(14)

    425,700  
    525,220    

Michaels Stores, Inc. 0.00%, 10/01/2027, 1 mo. USD LIBOR + 3.500%(14)

    513,665  
    246,843    

SRS Distribution, Inc. 3.15%, 05/23/2025, 3 mo. USD LIBOR + 3.000%

    238,821  
    493,750    

Staples, Inc. 5.25%, 04/16/2026, 3 mo. USD LIBOR + 5.000%

    451,905  
     

 

 

 
    4,352,113  
     

 

 

 
      Semiconductors - 0.1%  
    494,778    

Microchip Technology, Inc. 2.15%, 05/29/2025, 3 mo. USD LIBOR + 2.000%

    488,801  
     

 

 

 
      Software - 0.6%  
    492,366    

CCC Information Services, Inc. 4.00%, 04/29/2024, 1 mo. USD LIBOR + 3.000%

    486,522  
    371,124    

CDW LLC 1.90%, 10/13/2026, 1 mo. USD LIBOR + 1.750%

    369,269  
    323,375    

DCert Buyer, Inc. 4.15%, 10/16/2026, 3 mo. USD LIBOR + 4.000%

    316,351  
    701,475    

Dun & Bradstreet Corp. 3.91%, 02/06/2026, 1 mo. USD LIBOR + 4.000%

    689,929  
    408,232    

Epicor Software Corp. 5.25%, 07/30/2027, 1 mo. USD LIBOR + 4.250%

    406,293  
    360,000    

Hyland Software, Inc. 0.00%, 07/01/2024, 1 mo. USD LIBOR + 3.500%(14)

    354,344  
    248,492    

McAfee LLC 3.90%, 09/30/2024, 3 mo. USD LIBOR + 3.750%

    245,729  
 

Navicure, Inc.

 

    388,050    

4.15%, 10/22/2026, 1 mo. USD LIBOR + 4.000%

    378,349  
    100,000    

4.75%, 10/22/2026, 1 mo. USD LIBOR + 4.000%

    98,500  
    624,868    

SS&C Technologies, Inc. 1.90%, 04/16/2025, 1 mo. USD LIBOR + 1.750%

    606,516  
    415,000    

Ultimate Software Group, Inc. 4.75%, 05/04/2026, 1 mo. USD LIBOR + 4.000%

    412,149  
    213,530    

Western Digital Corp. 1.90%, 04/29/2023, 1 mo. USD LIBOR + 1.750%

    211,555  
    769,188    

Zelis Payments Buyer, Inc. 4.90%, 09/30/2026, 1 mo. USD LIBOR + 4.750%

    763,557  
     

 

 

 
    5,339,063  
     

 

 

 
      Telecommunications - 0.3%  
    492,386    

Altice France S.A. 3.84%, 01/31/2026, 3 mo. USD LIBOR + 3.688%

    475,340  
Shares or Principal Amount   Market Value  
SENIOR FLOATING RATE INTERESTS - 8.5%(13) - (continued)  
      Telecommunications - 0.3% - (continued)  
$     416,850    

CenturyLink, Inc. 2.40%, 03/15/2027, 1 mo. USD LIBOR + 2.250%

  $ 400,555  
    130,000    

Consolidated Communications, Inc. 0.00%, 10/02/2027(14)

    128,700  
    160,000    

LCPR Loan Financing LLC 5.15%, 10/15/2026, 1 mo. USD LIBOR + 5.000%

    159,800  
    740,909    

MTN Infrastructure TopCo, Inc. 4.00%, 11/15/2024, 3 mo. USD LIBOR + 3.000%

    721,690  
    750,000    

Telenet Financing USD LLC 2.15%, 04/30/2028, 6 mo. USD LIBOR + 2.000%

    723,615  
    333,325    

Zayo Group Holdings, Inc. 3.15%, 03/09/2027, 1 mo. USD LIBOR + 3.000%

    320,685  
     

 

 

 
    2,930,385  
     

 

 

 
      Textiles - 0.0%  
    246,241    

ASP Unifrax Holdings, Inc. 3.97%, 12/12/2025, 3 mo. USD LIBOR + 3.750%

    216,138  
     

 

 

 
      Transportation - 0.1%  
    1,044,750    

Genesee & Wyoming, Inc. 2.22%, 12/30/2026, 1 mo. USD LIBOR + 2.000%

    1,021,431  
     

 

 

 
 

Total Senior Floating Rate Interests
(cost $75,598,192)

  $ 73,465,546  
     

 

 

 
U.S. GOVERNMENT AGENCIES - 1.9%  
      Mortgage-Backed Agencies - 1.9%  
      FHLMC - 1.3%  
$     2,971,371    

1.33%, 06/25/2030(6)(8)

  $ 323,284  
    5,589,330    

1.43%, 07/25/2030(6)(8)

    643,323  
    431,230    

2.16%, 05/25/2029

    458,175  
    260,000    

2.28%, 07/25/2026

    279,874  
    1,100,000    

2.65%, 03/25/2030, 1 mo. USD LIBOR + 2.500%(5)

    1,111,689  
    326,665    

2.80%, 12/25/2029, 1 mo. USD LIBOR + 2.650%(5)

    324,389  
    1,100,000    

3.60%, 10/25/2029, 1 mo. USD LIBOR + 3.450%(5)

    1,130,347  
    428,384    

3.70%, 08/25/2029, 1 mo. USD LIBOR + 3.550%(5)

    435,474  
    610,000    

3.75%, 07/25/2050, 1 mo. USD LIBOR + 3.600%(1)(5)

    616,398  
    295,250    

3.95%, 03/25/2025, 1 mo. USD LIBOR + 3.800%(5)

    295,835  
    19,644    

4.00%, 03/01/2041

    21,570  
    392,950    

4.70%, 10/25/2024, 1 mo. USD LIBOR + 4.550%(5)

    399,160  
    810,527    

4.85%, 03/25/2028, 1 mo. USD LIBOR + 4.700%(5)

    841,319  
    1,409,186    

4.85%, 04/25/2028, 1 mo. USD LIBOR + 4.700%(5)

    1,468,175  
    331,771    

4.90%, 10/25/2024, 1 mo. USD LIBOR + 4.750%(5)

    335,504  
    1,029,322    

5.30%, 11/25/2028, 1 mo. USD LIBOR + 5.150%(5)

    1,072,642  
    1,001,030    

5.70%, 07/25/2028, 1 mo. USD LIBOR + 5.550%(5)

    1,052,423  
    904,980    

6.50%, 09/25/2028, 1 mo. USD LIBOR + 6.350%(5)

    952,502  
     

 

 

 
    11,762,083  
     

 

 

 
 

 

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

 

 

  92  

 


Hartford Multi-Asset Income and Growth Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
U.S. GOVERNMENT AGENCIES - 1.9% - (continued)  
      FNMA - 0.4%  
$     125,014    

0.56%, 10/25/2024, 1 mo. USD LIBOR + 0.400%(5)

  $ 124,713  
    300,000    

2.78%, 06/01/2026

    326,982  
    1,203,185    

3.00%, 03/25/2053

    1,253,906  
    150,000    

3.07%, 02/01/2025

    162,585  
    1,259,535    

3.50%, 06/25/2059

    1,398,456  
    8,413    

4.50%, 04/01/2041

    9,446  
     

 

 

 
    3,276,088  
     

 

 

 
      GNMA - 0.1%  
    337    

6.00%, 11/20/2023

    370  
    475    

6.00%, 12/20/2023

    527  
    36    

6.00%, 01/20/2024

    40  
    386    

6.00%, 02/20/2024

    424  
    96    

6.00%, 02/20/2026

    106  
    517    

6.00%, 02/20/2027

    569  
    143    

6.00%, 01/20/2028

    158  
    3,128    

6.00%, 02/20/2028

    3,463  
    5,277    

6.00%, 04/20/2028

    5,946  
    1,907    

6.00%, 06/15/2028

    2,140  
    13,366    

6.00%, 07/20/2028

    15,061  
    12,917    

6.00%, 08/20/2028

    14,564  
    4,395    

6.00%, 10/15/2028

    4,890  
    15,236    

6.00%, 11/15/2028

    16,998  
    12,849    

6.00%, 03/20/2029

    14,481  
    12,769    

6.00%, 09/20/2029

    14,258  
    19,288    

6.00%, 04/20/2030

    21,262  
    2,585    

6.00%, 06/20/2030

    2,849  
    1,721    

6.00%, 08/15/2034

    1,975  
    22,003    

6.50%, 03/15/2028

    24,427  
    3,264    

6.50%, 05/15/2028

    3,614  
    3,942    

6.50%, 07/15/2028

    4,349  
    8,290    

6.50%, 10/15/2028

    9,192  
    617    

6.50%, 12/15/2028

    685  
    10,845    

6.50%, 01/15/2029

    11,964  
    8,563    

6.50%, 02/15/2029

    9,580  
    40,519    

6.50%, 03/15/2029

    44,871  
    9,169    

6.50%, 04/15/2029

    10,134  
    6,123    

6.50%, 05/15/2029

    6,912  
    7,576    

6.50%, 06/15/2029

    8,459  
    9,283    

6.50%, 02/15/2035

    10,819  
    17,153    

7.00%, 11/15/2031

    19,225  
    11,346    

7.00%, 03/15/2032

    12,749  
    117,646    

7.00%, 11/15/2032

    141,813  
    3,018    

7.00%, 01/15/2033

    3,559  
    10,608    

7.00%, 05/15/2033

    12,459  
    17,919    

7.00%, 07/15/2033

    20,760  
    28,717    

7.00%, 11/15/2033

    33,846  
    1,585    

8.00%, 12/15/2029

    1,605  
    1,416    

8.00%, 04/15/2030

    1,476  
    6,301    

8.00%, 05/15/2030

    6,393  
    189    

8.00%, 07/15/2030

    194  
    5,507    

8.00%, 08/15/2030

    5,791  
    6,760    

8.00%, 11/15/2030

    6,952  
    66,840    

8.00%, 02/15/2031

    73,232  
     

 

 

 
    605,141  
     

 

 

 
      UMBS - 0.1%  
    200,000    

2.00%, 11/17/2035(15)

    207,449  
    300,000    

2.00%, 11/15/2050(15)

    309,434  
    200,000    

2.00%, 12/14/2050(15)

    205,844  
     

 

 

 
    722,727  
     

 

 

 
 

Total U.S. Government Agencies
(cost $16,623,278)

  $ 16,366,039  
     

 

 

 
Shares or Principal Amount   Market Value  
U.S. GOVERNMENT SECURITIES - 10.0%  
      U.S. Treasury Securities - 10.0%  
      U.S. Treasury Bonds - 3.8%  
$     190,000    

1.13%, 08/15/2040(7)

  $ 180,738  
    495,000    

1.38%, 08/15/2050

    464,527  
    86,000    

2.00%, 02/15/2050

    93,619  
    4,105,000    

2.88%, 05/15/2043

    5,214,472  
    19,090,000    

3.00%, 08/15/2048(16)

    25,190,597  
    1,167,500    

3.13%, 02/15/2043

    1,539,276  
    200,000    

3.13%, 08/15/2044

    264,898  
     

 

 

 
    32,948,127  
     

 

 

 
      U.S. Treasury Notes - 6.2%  
    1,905,000    

0.13%, 05/31/2022

    1,904,256  
    1,450,000    

0.13%, 06/30/2022

    1,449,207  
    405,000    

0.13%, 05/15/2023

    404,478  
    1,415,000    

0.13%, 10/15/2023

    1,412,126  
    2,345,000    

0.25%, 05/31/2025

    2,335,382  
    1,300,000    

0.25%, 06/30/2025

    1,293,906  
    1,290,000    

0.25%, 07/31/2025

    1,283,348  
    6,295,000    

0.25%, 08/31/2025

    6,260,082  
    9,620,000    

0.25%, 09/30/2025

    9,561,378  
    3,065,000    

0.63%, 05/15/2030

    3,005,137  
    6,613,000    

0.63%, 08/15/2030

    6,468,341  
    1,885,000    

1.50%, 02/15/2030

    2,001,045  
    5,395,000    

1.63%, 10/31/2026

    5,748,204  
    1,190,000    

1.75%, 11/15/2029

    1,289,755  
    3,020,000    

2.13%, 03/31/2024

    3,213,823  
    840,000    

2.38%, 04/30/2026

    927,872  
    3,895,000    

2.88%, 08/15/2028

    4,536,458  
     

 

 

 
    53,094,798  
     

 

 

 
 

Total U.S. Government Securities
(cost $75,277,991)

  $ 86,042,925  
     

 

 

 
CONVERTIBLE BONDS - 0.6%  
      Energy-Alternate Sources - 0.4%  
    3,259,000    

Atlantica Sustainable Infrastructure Jersey Ltd. 4.00%, 07/15/2025(1)

  $ 3,315,055  
     

 

 

 
      Internet - 0.2%  
    2,164,000    

Booking Holdings, Inc. 0.90%, 09/15/2021

    2,259,066  
     

 

 

 
 

Total Convertible Bonds
(cost $5,523,052)

  $ 5,574,121  
     

 

 

 
CONVERTIBLE PREFERRED STOCKS - 0.3%  
      Diversified Financials - 0.3%  
    18,485    

KKR & Co., Inc. Series C, 6.00%

    961,960  
    1,297    

Mandatory Exchangeable Trust , 6.50%(1)

    1,917,482  
     

 

 

 
    2,879,442  
     

 

 

 
 

Total Convertible Preferred Stocks
(cost $2,221,250)

  $ 2,879,442  
     

 

 

 
 

Total Long-Term Investments
(cost $833,950,632)

  $ 852,286,814  
     

 

 

 
SHORT-TERM INVESTMENTS - 2.3%  
      Repurchase Agreements - 2.2%  
    19,003,486    

Fixed Income Clearing Corp. Repurchase Agreement dated 10/30/2020 at 0.060%, due on 11/02/2020 with a maturity value of $19,003,581; collateralized by U.S. Treasury Note at 3.125%, maturing 11/15/2028, with a market value of $19,383,614

  $ 19,003,486  
     

 

 

 
 

 

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

 

 

  93  

 


Hartford Multi-Asset Income and Growth Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Shares or Principal Amount   Market Value  
SHORT-TERM INVESTMENTS - 2.3% - (continued)  
      Securities Lending Collateral - 0.1%  
    573,202    

Fidelity Investments Money Market Funds, Government Portfolio, Institutional Class, 0.02%(17)

  $ 573,202  
    579    

Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 0.03%(17)

    579  
     

 

 

 
    573,781  
     

 

 

 
 

Total Short-Term Investments
(cost $19,577,267)

  $ 19,577,267  
     

 

 

 
   

Total Investments
(cost $853,527,899)

    101.1    $ 871,864,081  
   

Other Assets and Liabilities

    (1.1 )%       (9,537,871
     

 

 

    

 

 

 
   

Total Net Assets

    100.0    $ 862,326,210  
     

 

 

    

 

 

 

 

Note:

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

 

    

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

 

    

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

 

    

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

 

    

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

    

See “Glossary” for abbreviation descriptions.

 

*

Non-income producing.

 

(1) 

Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions that are exempt from registration (typically only to qualified institutional buyers) or in a public offering registered under the Securities Act of 1933. At October 31, 2020, the aggregate value of these securities was $203,820,800, representing 23.6% of net assets.

 

(2) 

Investment valued using significant unobservable inputs.

 

(3) 

These securities are valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Directors. At October 31, 2020, the aggregate fair value of these securities was $3,494,117, which represented 0.4% of total net assets. This amount excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Directors.

 

(4) 

Investment in securities not registered under the Securities Act of 1933 (excluding securities acquired pursuant to Rule 144A and Regulation S). At the end of the period, the value of such restricted securities amounted to $2,234,137 or 0.3% of net assets.

 

Period
Acquired
    

Security Name

   Shares      Total Cost      Market Value  
  08/2011      Allstar Co.      2,006,600      $ 872,908      $ 1,685,544  
  11/2013      Tory Burch LLC      13,296        1,042,090        548,593  
        

 

 

    

 

 

 
         $     1,914,998      $     2,234,137  
        

 

 

    

 

 

 

 

(5) 

Variable rate securities; the rate reported is the coupon rate in effect at October 31, 2020. Base lending rates may be subject to a floor or cap.

 

(6) 

Variable or floating rate security, which interest rate adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. Rate shown is the rate in effect as of period end.

 

(7) 

This security, or a portion of this security, was purchased on a when-issued, delayed-delivery or delayed-draw basis. The cost of these securities was $4,229,544 at October 31, 2020.

 

(8) 

Securities disclosed are interest-only strips.

 

(9) 

Fixed to variable rate investment. The rate shown reflects the fixed rate in effect at October 31, 2020. Rate will reset at a future date. Base lending rates may be subject to a floor or cap.

 

(10) 

Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information.

 

(11) 

Security is exempt from registration under Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. At October 31, 2020, the aggregate value of this security was $2,444,456, representing 0.3% of net assets.

 

(12) 

Senior floating rate interests generally pay interest rates which are periodically adjusted by reference to a base short-term, floating lending rate plus a premium. The base lending rates are primarily the LIBOR, and secondarily the prime rate offered by one or more major United States banks (the “Prime Rate”) and the certificate of deposit rate or other base lending rates used by commercial lenders. Senior floating rate interests often require prepayments from excess cash flows or permit the borrower to repay at its election. The rate at which the borrower repays cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. Base lending rates may be subject to a floor or cap. Unless otherwise noted, the interest rate disclosed for these securities represents the rate in effect as of October 31, 2020.

 

(13) 

This security, or a portion of this security, has unfunded loan commitments. As of October 31, 2020, the aggregate value of the unfunded commitment was $87,974, which rounds to 0.0% of total net assets.

 

(14) 

Represents an unsettled loan commitment. The coupon rate will be determined at time of settlement.

 

(15) 

Represents or includes a TBA transaction.

 

(16) 

All, or a portion of the security, was pledged as collateral in connection with futures contracts. As of October 31, 2020, the market value of securities pledged was $448,654.

 

(17) 

Current yield as of period end.

 

 

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

 

 

  94  

 


Hartford Multi-Asset Income and Growth Fund

Schedule of Investments – (continued)

October 31, 2020

 

 

 

Futures Contracts Outstanding at October 31, 2020  

Description

   Number of
Contracts
     Expiration
Date
     Current
Notional
Amount
     Value and
Unrealized
Appreciation/
(Depreciation)
 
Long position contracts:  

U.S. Treasury 5-Year Note Future

     14        12/31/2020      $ 1,758,422      $ (6,057

U.S. Treasury 10-Year Note Future

     4        12/21/2020        552,875        (4,726

U.S. Treasury 10 Year Ultra Future

     57        12/21/2020        8,965,031        (108,925
           

 

 

 

Total

 

   $     (119,708
           

 

 

 
Short position contracts:  

U.S. Treasury Long Bond Future

     11        12/21/2020      $     1,897,156      $ 37,949  
           

 

 

 

Total futures contracts

 

   $ (81,759
           

 

 

 

 

Foreign Currency Contracts Outstanding at October 31, 2020  
Amount and Description of
Currency to be Purchased
   Amount and Description of
Currency to be Sold
   Counterparty    Settlement
Date
    Appreciation     Depreciation  
  4,366,000      EUR      5,098,514      USD    UBS      11/30/2020     $     $ (10,290
  34,888,274      USD      29,730,000      EUR    CSFB      11/30/2020       240,335        
  9,742,075      USD      8,222,000      EUR    CBK      11/30/2020       159,991        
                

 

 

   

 

 

 
 

Total Foreign Currency Contracts

    $     400,326     $     (10,290
 

 

 

   

 

 

 

 

 

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

Fair Value Summary

The following is a summary of the fair valuations according to the inputs used as of October 31, 2020 in valuing the Fund’s investments.

 

Description

   Total      Level 1      Level 2      Level 3(1)  

Assets

 

Common Stocks

 

Automobiles & Components

   $ 4,681,569      $ 137,754      $ 4,543,815      $  

Banks

     3,444,276        1,933,297        1,510,979         

Capital Goods

     25,583,183        8,855,295        16,727,888         

Commercial & Professional Services

     2,549,717        214,089        2,335,628         

Consumer Durables & Apparel

     20,951,299            11,723,820        9,227,479         

Consumer Services

     5,979,667        4,637,048        1,342,619         

Diversified Financials

     3,350,097        3,350,097                

Energy

     1,546,198        141,786        1,404,412         

Food & Staples Retailing

     2,590,381        493,811        2,096,570         

Food, Beverage & Tobacco

     13,875,415        3,345,484        10,529,931         

Health Care Equipment & Services

     8,531,240        4,239,534        4,291,706         

Household & Personal Products

     3,978,718        2,763,008        1,215,710         

Insurance

     5,074,908        888,585        4,186,323         

Materials

     7,196,501        2,295,249        4,901,252         

Media & Entertainment

     4,660,325        1,220,077        3,440,248         

Pharmaceuticals, Biotechnology & Life Sciences

     17,077,146        9,115,665        7,961,481         

Real Estate

     20,435,238        19,185,891        1,249,347         

Retailing

     8,637,073        4,262,610        3,825,870        548,593  

Semiconductors & Semiconductor Equipment

     4,625,698        2,311,845        2,313,853         

Software & Services

     10,277,600        9,002,700        1,274,900         

Technology Hardware & Equipment

     932,567        76,854        855,713         

Telecommunication Services

     6,118,452        3,899,793        2,218,659         

Transportation

     4,151,883        2,151,214        2,000,669         

Utilities

     20,692,345        1,938,185        18,754,160         

Asset & Commercial Mortgage-Backed Securities

         149,476,022                   148,216,042            1,259,980  

Corporate Bonds

     176,909,145               176,909,145         

Equity Linked Securities

     112,034,159               112,034,159         

Foreign Government Obligations

     14,310,862               14,310,862         

Municipal Bonds

     8,287,057               8,287,057         

Senior Floating Rate Interests

     73,465,546               73,465,546         

U.S. Government Agencies

     16,366,039               16,366,039         

U.S. Government Securities

     86,042,925               86,042,925         

 

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

 

 

  95  

 


Hartford Multi-Asset Income and Growth Fund

Schedule of Investments

October 31, 2020

 

 

 

Description

   Total     Level 1     Level 2     Level 3(1)  

Convertible Bonds

   $ 5,574,121     $     $ 5,574,121     $  

Convertible Preferred Stocks

     2,879,442       2,879,442              

Short-Term Investments

     19,577,267       573,781       19,003,486        

Foreign Currency Contracts(2)

     400,326             400,326        

Futures Contracts(2)

     37,949       37,949              
  

 

 

   

 

 

   

 

 

   

 

 

 

Total

   $     872,302,356     $     101,674,863     $     768,818,920     $     1,808,573  
  

 

 

   

 

 

   

 

 

   

 

 

 

Liabilities

 

Foreign Currency Contracts(2)

   $ (10,290   $     $ (10,290   $  

Futures Contracts(2)

     (119,708     (119,708            
  

 

 

   

 

 

   

 

 

   

 

 

 

Total

   $     (129,998   $     (119,708   $     (10,290   $     —  
  

 

 

   

 

 

   

 

 

   

 

 

 

 

(1) 

For the year ended October 31, 2020, investments valued at $461,518 were transferred out of Level 3 due to the expiration of trading restrictions and there were no transfers in to Level 3.

 

(2) 

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

Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of the Level 3 assets for the period ended October 31, 2020 is not presented.

 

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

 

 

  96  

 


Hartford Multi-Strategy Funds

Glossary: (abbreviations used in preceding Schedule of Investments)

 

 

 

Counterparty Abbreviations:

BCLY

   Barclays

BNP

   BNP Paribas Securities Services

BOA

   Banc of America Securities LLC

CBK

   Citibank NA

CIBC

   Canadian Imperial Bank of Commerce

CSFB

   Credit Suisse First Boston Corp.

DEUT

   Deutsche Bank Securities, Inc.

GSC

   Goldman Sachs & Co.

HSBC

   HSBC Bank USA

JPM

   JP Morgan Chase & Co.

MSC

   Morgan Stanley

SCB

   Standard Chartered Bank

SSG

   State Street Global Markets LLC

UBS

   UBS AG
Currency Abbreviations:

ARS

   Argentine Peso

AUD

   Australian Dollar

BRL

   Brazilian Real

CAD

   Canadian Dollar

CHF

   Swiss Franc

CLP

   Chilean Peso

COP

   Colombian Peso

CZK

   Czech Koruna

EUR

   Euro

GBP

   British Pound

HUF

   Hungarian Forint

IDR

   Indonesian Rupiah

ILS

   Israeli Shekel

INR

   Indian Rupee

JPY

   Japanese Yen

KRW

   South Korean Won

MXN

   Mexican Peso

NZD

   New Zealand Dollar

RON

   New Romanian Leu

RUB

   Russian Ruble

SEK

   Swedish Krona

SGD

   Singapore Dollar

THB

   Thai Baht

USD

   United States Dollar
Index Abbreviations:

CDX.EM

   Credit Derivatives Emerging Markets

CDX.NA.HY

   Credit Derivatives North American High Yield

CMBX.NA

   Markit Commercial Mortgage-Backed North American

CMT

   Constant Maturity Treasury Index

CPI

   Consumer Price Index

EAFE

   Europe, Australasia and Far East

iBoxx

   Markit iBoxx Indices - Euro, Sterling, Asian, US Dollar and European High-Yield Bond Markets

S&P

   Standard & Poor’s
Other Abbreviations:

ADR

   American Depositary Receipt

CD

   Certificate of Deposit

CJSC

   Closed Joint Stock Company

CLO

   Collateralized Loan Obligation

CMO

   Collateralized Mortgage Obligation

ETF

   Exchange-Traded Fund

EURIBOR

   Euro Interbank Offered Rate

FHLMC

   Federal Home Loan Mortgage Corp.

FNMA

   Federal National Mortgage Association

GDR

   Global Depositary Receipt

GNMA

   Government National Mortgage Association

JSC

   Joint Stock Company

LIBOR

   London Interbank Offered Rate

MSCI

   Morgan Stanley Capital International

OTC

   Over-the-Counter

PAC

   Planned Amortization Class

PIK

   Payment-in-kind
Other Abbreviations: – (continued)

PJSC

   Private Joint Stock Company

PT

   Perseroan Terbatas

REIT

   Real Estate Investment Trust

SOFR

   Secured Overnight Financing Rate

SPDR

   Standard & Poor’s Depositary Receipt

TBA

   To Be Announced

UMBS

   Uniform Mortgage-Backed Securities
Municipal Abbreviations:

AGM

   Assured Guaranty Municipal Corp

Auth

   Authority

Dev

   Development

Dist

   District

GO

   General Obligation

NATL

   National Public Finance Guarantee Corp.

PA

   Port Authority

Rev

   Revenue
 

 

 

  97  

 


Hartford Multi-Strategy Funds

Statements of Assets and Liabilities

October 31, 2020

 

 

 

     The Hartford
Balanced
Income Fund
     Hartford AARP
Balanced
Retirement Fund
    The Hartford
Checks and
Balances Fund
     The Hartford
Conservative
Allocation Fund
 

Assets:

 

Investments in securities, at market value(1)

   $     12,719,890,563      $     82,932,071     $     3,532,318      $ 483,270  

Repurchase agreements

     493,001,479        1,929,223               

Investments in affiliated investment companies, at market value

            24,876,601       1,463,598,238        128,186,613  

Cash

     225,605,053        1,012,500               

Cash collateral held for securities on loan

     984,218        1,182               

Cash collateral due from broker on swap contracts

            11               

Foreign currency

     867,643        2,871               

Unrealized appreciation on OTC swap contracts

     48,585                      

Unrealized appreciation on foreign currency contracts

     1,726,257        119,810               

Receivables:

 

From affiliates

            24,916              186  

Investment securities sold

     85,957,938        20,742       684,482        9,355  

Fund shares sold

     22,703,924        3,159       375,698        140,866  

Dividends and interest

     71,272,812        456,884       935,514        54,237  

Securities lending income

     7,079        9               

Variation margin on futures contracts

     956,113                      

Variation margin on centrally cleared swap contracts

     45,611                      

Tax reclaims

     2,449,339        82,161               

OTC swap contracts premiums paid

     1,549,003                      

Other assets

     251,448        55,305       62,726        50,577  
  

 

 

    

 

 

   

 

 

    

 

 

 

Total assets

         13,627,317,065            111,517,445           1,469,188,976            128,925,104  
  

 

 

    

 

 

   

 

 

    

 

 

 

Liabilities:

 

Unrealized depreciation on foreign currency contracts

     437,910        11,089               

Obligation to return securities lending collateral

     19,684,351        23,645               

Unrealized depreciation on OTC swap contracts

     777,562                      

Cash collateral due to broker on futures contracts

     270,000                      

Cash collateral due to broker on swap contracts

     480,000                      

Payables:

 

Investment securities purchased

     64,508,442        307,211               

Fund shares redeemed

     17,297,909        180,467       1,542,071        98,211  

Investment management fees

     6,039,151        29,616              11,076  

Transfer agent fees

     1,504,272        27,562       243,621        24,905  

Accounting services fees

     163,879        1,364       18,144        1,548  

Board of Directors’ fees

     51,023        519       6,162        492  

Variation margin on futures contracts

            6,604               

Foreign taxes

            5,050               

Distribution fees

     668,963        6,680       74,724        6,576  

Interest on reverse repurchase agreements

     714                      

Accrued expenses

     1,019,424        121,761       115,490        25,606  

OTC swap contracts premiums received

     33,230                      
  

 

 

    

 

 

   

 

 

    

 

 

 

Total liabilities

     112,936,830        721,568       2,000,212        168,414  
  

 

 

    

 

 

   

 

 

    

 

 

 

Net assets

   $ 13,514,380,235      $ 110,795,877     $ 1,467,188,764      $ 128,756,690  
  

 

 

    

 

 

   

 

 

    

 

 

 

Summary of Net Assets:

 

Capital stock and paid-in-capital

   $ 12,360,188,778      $ 139,047,547     $ 1,370,752,309      $ 124,981,554  

Distributable earnings (loss)

     1,154,191,457        (28,251,670     96,436,455        3,775,136  
  

 

 

    

 

 

   

 

 

    

 

 

 

Net assets

   $ 13,514,380,235      $ 110,795,877     $ 1,467,188,764      $ 128,756,690  
  

 

 

    

 

 

   

 

 

    

 

 

 

Shares authorized

     1,950,000,000        560,000,000       850,000,000        400,000,000  
  

 

 

    

 

 

   

 

 

    

 

 

 

Par value

   $ 0.0010      $ 0.0010     $ 0.0010      $ 0.0010  
  

 

 

    

 

 

   

 

 

    

 

 

 

Class A:  Net asset value per share

   $ 14.53      $ 9.01     $ 9.42      $ 10.99  
  

 

 

    

 

 

   

 

 

    

 

 

 

         Maximum offering price per share

   $ 15.38      $ 9.43     $ 9.97      $ 11.63  
  

 

 

    

 

 

   

 

 

    

 

 

 

         Shares outstanding

     257,983,173        7,839,102       133,550,524        10,048,802  
  

 

 

    

 

 

   

 

 

    

 

 

 

         Net Assets

   $ 3,747,274,542      $ 70,600,905     $ 1,258,231,690      $ 110,424,655  
  

 

 

    

 

 

   

 

 

    

 

 

 

Class C:  Net asset value per share

   $ 14.29      $ 9.03     $ 9.36      $ 10.90  
  

 

 

    

 

 

   

 

 

    

 

 

 

         Shares outstanding

     209,493,211        2,604,382       13,597,175        1,021,645  
  

 

 

    

 

 

   

 

 

    

 

 

 

         Net Assets

   $ 2,994,151,342      $ 23,511,591     $ 127,227,512      $ 11,130,911  
  

 

 

    

 

 

   

 

 

    

 

 

 

Class I:  Net asset value per share

   $ 14.53      $ 8.99     $ 9.44      $ 11.01  
  

 

 

    

 

 

   

 

 

    

 

 

 

         Shares outstanding

     272,592,771        1,407,654       6,798,944        169,109  
  

 

 

    

 

 

   

 

 

    

 

 

 

         Net Assets

   $ 3,960,448,248      $ 12,661,157     $ 64,174,681      $ 1,862,233  
  

 

 

    

 

 

   

 

 

    

 

 

 

Class R3:  Net asset value per share

   $ 14.59      $ 9.01     $ 9.38      $ 11.00  
  

 

 

    

 

 

   

 

 

    

 

 

 

         Shares outstanding

     10,623,716        87,083       1,280,691        249,183  
  

 

 

    

 

 

   

 

 

    

 

 

 

         Net Assets

   $ 154,952,836      $ 784,966     $ 12,009,630      $ 2,742,031  
  

 

 

    

 

 

   

 

 

    

 

 

 

 

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

 

 

  98  

 


Hartford Multi-Strategy Funds

Statements of Assets and Liabilities – (continued)

October 31, 2020

 

 

 

     The Hartford
Balanced
Income Fund
     Hartford AARP
Balanced
Retirement Fund
     The Hartford
Checks and
Balances Fund
     The Hartford
Conservative
Allocation Fund
 

Class R4:  Net asset value per share

   $ 14.59      $ 8.97      $ 9.39      $ 11.00  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     6,095,591        43,003        329,421        100,660  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 88,942,493      $ 385,681      $ 3,092,924      $ 1,107,686  
  

 

 

    

 

 

    

 

 

    

 

 

 

Class R5:  Net asset value per share

   $ 14.61      $ 8.97      $ 9.28      $ 11.04  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     2,889,980        67,377        39,766        133,733  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 42,220,307      $ 604,551      $ 368,906      $ 1,477,068  
  

 

 

    

 

 

    

 

 

    

 

 

 

Class R6:  Net asset value per share

   $ 14.70      $ 8.99      $      $  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     16,390,539        1,176                
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 240,876,178      $ 10,566      $      $  
  

 

 

    

 

 

    

 

 

    

 

 

 

Class Y:  Net asset value per share

   $ 14.70      $ 8.95      $      $  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     10,502,619        226,890                
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 154,356,256      $ 2,030,429      $      $  
  

 

 

    

 

 

    

 

 

    

 

 

 

Class F:  Net asset value per share

   $ 14.54      $ 8.93      $ 9.43      $ 11.03  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     146,618,568        23,069        220,843        1,098  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 2,131,158,033      $ 206,031      $ 2,083,421      $ 12,106  
  

 

 

    

 

 

    

 

 

    

 

 

 

Cost of investments

   $     12,150,928,891      $     82,478,713      $ 3,532,318      $ 483,270  

Cost of investments in affiliated investment companies

   $      $ 25,715,861      $     1,399,063,322      $ 123,623,867  

Cost of foreign currency

   $ 868,131      $ 2,882      $      $  

(1) Includes Investment in securities on loan, at market value

   $ 19,136,644      $ 22,979      $      $  

 

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

 

 

  99  

 


Hartford Multi-Strategy Funds

Statements of Assets and Liabilities – (continued)

October 31, 2020

 

 

 

     The Hartford
Global Real
Asset Fund
(consolidated)
    The Hartford
Growth
Allocation Fund
     Hartford
Moderate
Allocation Fund
     Hartford Multi-
Asset
Income and
Growth Fund
 

Assets:

 

Investments in securities, at market value(1)

   $     139,930,962     $ 1,609,382      $ 1,204,152      $     852,860,595  

Repurchase agreements

     3,336,880                     19,003,486  

Investments in affiliated investment companies, at market value

               550,546,343            371,614,294         

Cash

     1,480,711                      

Cash collateral held for securities on loan

     42,192                     30,199  

Foreign currency

     31,226                     2,080,319  

Unrealized appreciation on OTC swap contracts

     22,784                      

Unrealized appreciation on foreign currency contracts

     281,352                     400,326  

Receivables:

 

From affiliates

     33,057                      

Investment securities sold

     6,637,541       167,401        278,779        24,211,379  

Fund shares sold

     129,947       76,191        79,658        658,126  

Dividends and interest

     203,435       77,630        96,991        3,198,423  

Securities lending income

     871                     340  

Variation margin on futures contracts

     711,262                      

Tax reclaims

     55,215                     226,427  

OTC swap contracts premiums paid

     15,123                      

Other assets

     39,767       54,853        54,293        65,817  
  

 

 

   

 

 

    

 

 

    

 

 

 

Total assets

     152,952,325       552,531,800        373,328,167        902,735,437  
  

 

 

   

 

 

    

 

 

    

 

 

 

Liabilities:

 

Unrealized depreciation on foreign currency contracts

     92,962                     10,290  

Unrealized depreciation on bond forward contracts

     61,178                      

Due to custodian

                         339,716  

Obligation to return securities lending collateral

     843,849                     603,980  

Unrealized depreciation on OTC swap contracts

     24,793                      

Cash collateral due to broker on swap contracts

                         10,000  

Unfunded loan commitments

                         88,827  

Payables:

 

Investment securities purchased

     5,438,470                     37,581,935  

Fund shares redeemed

     6,007       419,624        326,771        947,037  

Investment management fees

     118,492       48,259        32,557        423,144  

Transfer agent fees

     15,046       135,753        78,156        173,427  

Accounting services fees

     1,801       6,790        4,552        10,469  

Board of Directors’ fees

     726       2,200        1,471        3,501  

Variation margin on futures contracts

                         19,285  

Foreign taxes

     1,594                     8,405  

Distribution fees

     780       26,913        18,421        36,992  

Distributions payable

                         159  

Written options

     5,460                      

Accrued expenses

     88,329       63,229        46,614        152,060  

OTC swap contracts premiums received

     14,923                      
  

 

 

   

 

 

    

 

 

    

 

 

 

Total liabilities

     6,714,410       702,768        508,542        40,409,227  
  

 

 

   

 

 

    

 

 

    

 

 

 

Net assets

   $ 146,237,915     $ 551,829,032      $ 372,819,625      $ 862,326,210  
  

 

 

   

 

 

    

 

 

    

 

 

 

Summary of Net Assets:

 

Capital stock and paid-in-capital

   $ 268,259,124     $ 501,149,814      $ 345,474,553      $ 858,795,722  

Distributable earnings (loss)

     (122,021,209     50,679,218        27,345,072        3,530,488  
  

 

 

   

 

 

    

 

 

    

 

 

 

Net assets

   $ 146,237,915     $ 551,829,032      $ 372,819,625      $ 862,326,210  
  

 

 

   

 

 

    

 

 

    

 

 

 

Shares authorized

     700,000,000       400,000,000        400,000,000        845,000,000  
  

 

 

   

 

 

    

 

 

    

 

 

 

Par value

   $ 0.0010     $ 0.0010      $ 0.0010      $ 0.0010  
  

 

 

   

 

 

    

 

 

    

 

 

 

Class A:  Net asset value per share

   $ 7.76     $ 12.75      $ 11.91      $ 19.61  
  

 

 

   

 

 

    

 

 

    

 

 

 

         Maximum offering price per share

   $ 8.21     $ 13.49      $ 12.60      $ 20.75  
  

 

 

   

 

 

    

 

 

    

 

 

 

         Shares outstanding

     1,511,988       38,570,208        26,387,562        30,079,714  
  

 

 

   

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 11,732,376     $ 491,746,730      $ 314,358,136      $ 589,744,921  
  

 

 

   

 

 

    

 

 

    

 

 

 

Class C:  Net asset value per share

   $ 7.60     $ 12.64      $ 11.77      $ 19.65  
  

 

 

   

 

 

    

 

 

    

 

 

 

         Shares outstanding

     227,932       2,962,998        2,251,041        3,955,261  
  

 

 

   

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 1,732,475     $ 37,446,264      $ 26,485,401      $ 77,719,139  
  

 

 

   

 

 

    

 

 

    

 

 

 

Class I:  Net asset value per share

   $ 7.76     $ 12.69      $ 11.97      $ 19.58  
  

 

 

   

 

 

    

 

 

    

 

 

 

         Shares outstanding

     1,715,646       711,226        761,357        5,043,516  
  

 

 

   

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 13,317,955     $ 9,023,624      $ 9,115,447      $ 98,761,951  
  

 

 

   

 

 

    

 

 

    

 

 

 

Class R3:  Net asset value per share

   $ 7.80     $ 12.44      $ 11.72      $ 19.89  
  

 

 

   

 

 

    

 

 

    

 

 

 

         Shares outstanding

     10,522       454,217        1,151,522        60,482  
  

 

 

   

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 82,056     $ 5,649,220      $ 13,491,320      $ 1,202,811  
  

 

 

   

 

 

    

 

 

    

 

 

 

 

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

 

 

  100  

 


Hartford Multi-Strategy Funds

Statements of Assets and Liabilities – (continued)

October 31, 2020

 

 

 

     The Hartford
Global Real
Asset Fund
(consolidated)
     The Hartford
Growth
Allocation Fund
     Hartford
Moderate
Allocation Fund
     Hartford Multi-
Asset
Income and
Growth Fund
 

Class R4:  Net asset value per share

   $ 7.79      $ 12.69      $ 11.94      $ 19.95  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     2,853        201,997        293,423        26,430  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 22,238      $ 2,562,828      $ 3,502,980      $ 527,165  
  

 

 

    

 

 

    

 

 

    

 

 

 

Class R5:  Net asset value per share

   $ 7.71      $ 12.78      $ 11.98      $ 19.94  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     14,914        396,519        460,749        7,059  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 115,029      $ 5,066,739      $ 5,519,608      $ 140,768  
  

 

 

    

 

 

    

 

 

    

 

 

 

Class R6:  Net asset value per share

   $      $      $      $ 19.95  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

                          15,360  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $      $      $      $ 306,410  
  

 

 

    

 

 

    

 

 

    

 

 

 

Class Y:  Net asset value per share

   $ 7.76      $      $      $ 19.96  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     6,046,981                      541,742  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 46,914,606      $      $      $ 10,811,695  
  

 

 

    

 

 

    

 

 

    

 

 

 

Class F:  Net asset value per share

   $ 7.76      $ 12.70      $ 11.98      $ 19.57  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Shares outstanding

     9,324,299        26,269        28,950        4,246,728  
  

 

 

    

 

 

    

 

 

    

 

 

 

         Net Assets

   $ 72,321,180      $ 333,627      $ 346,733      $ 83,111,350  
  

 

 

    

 

 

    

 

 

    

 

 

 

Cost of investments

   $     134,586,566      $ 1,609,382      $ 1,204,152      $     853,527,899  

Cost of investments in affiliated investment companies

   $      $     520,287,810      $     354,188,173      $  

Cost of foreign currency

   $ 33,054      $      $      $ 2,080,675  

Proceeds of written option contracts

   $ 7,681      $      $      $  

(1) Includes Investment in securities on loan, at market value

   $ 815,863      $      $      $ 585,289  

 

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

 

 

  101  

 


Hartford Multi-Strategy Funds

Statements of Operations

For the Year Ended October 31, 2020

 

 

 

     The Hartford
Balanced
Income Fund
    Hartford AARP
Balanced
Retirement
Fund
    The Hartford
Checks and
Balances
Fund
    The Hartford
Conservative
Allocation
Fund
 

Investment Income:

 

Dividends

   $     185,858,720     $     1,337,291     $     $  

Dividends from affiliated investment companies

           744,634           29,001,546           2,766,018  

Interest

     259,740,067       1,193,420       22,010       1,828  

Securities lending

     330,561       25,781              

Less: Foreign tax withheld

     (2,893,145     (62,350            
  

 

 

   

 

 

   

 

 

   

 

 

 

Total investment income, net

     443,036,203       3,238,776       29,023,556       2,767,846  
  

 

 

   

 

 

   

 

 

   

 

 

 

Expenses:

 

Investment management fees

     69,245,771       407,398             128,334  

Transfer agent fees

 

Class A

     2,851,842       110,521       1,235,875       121,776  

Class C

     2,591,974       48,339       183,138       19,633  

Class I

     2,935,872       15,518       56,960       1,850  

Class R3

     314,497       2,007       29,315       6,429  

Class R4

     135,344       634       6,258       2,830  

Class R5

     48,194       804       414       2,142  

Class R6

     7,289                    

Class Y

     171,981       2,664              

Class F

     30,141       27       258        

Distribution fees

 

Class A

     9,040,155       183,410       3,183,908       268,361  

Class C

     32,350,698       339,180       1,489,539       131,201  

Class R3

     850,084       4,560       69,857       14,893  

Class R4

     237,389       932       11,195       4,159  

Custodian fees

     163,020       53,433       2,898       1,213  

Registration and filing fees

     448,564       178,083       124,638       96,949  

Accounting services fees

     2,054,406       21,331       224,069       19,016  

Board of Directors’ fees

     418,058       3,597       46,755       4,017  

Audit and tax fees

     39,383       77,145       19,096       18,608  

Other expenses

     1,805,692       48,148       219,999       28,043  
  

 

 

   

 

 

   

 

 

   

 

 

 

Total expenses (before waivers, reimbursements and fees paid indirectly)

     125,740,354       1,497,731       6,904,172       869,454  
  

 

 

   

 

 

   

 

 

   

 

 

 

Expense waivers

           (309,344           (282

Transfer agent fee waivers

     (15,676                  

Distribution fee reimbursements

     (13,216     (1,077     (12,658     (3,408

Commission recapture

     (37,436     (20            
  

 

 

   

 

 

   

 

 

   

 

 

 

Total waivers, reimbursements and fees paid indirectly

     (66,328     (310,441     (12,658     (3,690
  

 

 

   

 

 

   

 

 

   

 

 

 

Total expenses, net

     125,674,026       1,187,290       6,891,514       865,764  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Investment Income (Loss)

     317,362,177       2,051,486       22,132,042       1,902,082  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions on:

        

Capital gain distributions received from underlying funds

           62,536       61,091,007       1,813,213  

Investments

     45,537,624       (341,300            

Less: Foreign taxes paid/accrued on realized capital gains

           (5,269            

Investments in affiliated investment companies

           (337,530     (9,997,668     1,453,296  

Purchased options contracts

           (112,137            

Futures contracts

     6,166,386       (1,008,549            

Written options contracts

           65,868              

Swap contracts

     (7,160,584     (351,101            

Foreign currency contracts

     (2,317,750     125,867              

Other foreign currency transactions

     (196,732     (32,172            
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions

     42,028,944       (1,933,787     51,093,339       3,266,509  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions of:

        

Investments*

     (211,091,175     492,250              

Investments in affiliated investment companies

           (1,053,700     (4,311,369     (439,470

Purchased options contracts

           (127,905            

Futures contracts

     6,984,104       (71,705            

Swap contracts

     2,540,879       2,374              

Bond forward contracts

           (58,183            

Foreign currency contracts

     1,663,605       186,208              

 

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

 

 

  102  

 


Hartford Multi-Strategy Funds

Statements of Operations – (continued)

For the Year Ended October 31, 2020

 

 

 

     The Hartford
Balanced
Income Fund
    Hartford AARP
Balanced
Retirement
Fund
    The Hartford
Checks and
Balances
Fund
    The Hartford
Conservative
Allocation
Fund
 

Translation of other assets and liabilities in foreign currencies

     192,065       4,045              
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions

     (199,710,522     (626,616     (4,311,369     (439,470
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions

     (157,681,578     (2,560,403     46,781,970       2,827,039  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Increase (Decrease) in Net Assets Resulting from Operations

   $     159,680,599     $     (508,917   $     68,914,012     $     4,729,121  
  

 

 

   

 

 

   

 

 

   

 

 

 

* Includes change in unrealized appreciation (depreciation) on deferred capital gains tax

   $     $ (5,050   $     $  

 

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

 

 

  103  

 


Hartford Multi-Strategy Funds

Statements of Operations – (continued)

For the Year Ended October 31, 2020

 

 

 

    The Hartford
Global Real
Asset Fund
(consolidated)
    The Hartford
Growth
Allocation
Fund
    Hartford
Moderate
Allocation
Fund
    Hartford
Multi-Asset
Income and
Growth Fund
 

Investment Income:

 

Dividends

  $     4,924,066     $     $     $     21,629,287  

Dividends from affiliated investment companies

              10,018,112           7,386,107        

Interest

    1,102,438       7,985       5,290       18,248,068  

Securities lending

    39,694                   54,213  

Less: Foreign tax withheld

    (295,665                 (465,751
 

 

 

   

 

 

   

 

 

   

 

 

 

Total investment income, net

    5,770,533       10,026,097       7,391,397       39,465,817  
 

 

 

   

 

 

   

 

 

   

 

 

 

Expenses:

 

Investment management fees

    1,849,538       561,279       377,936       5,085,756  

Transfer agent fees

 

Class A

    27,349       763,549       400,211       924,897  

Class C

    5,906       83,893       47,976       102,573  

Class I

    17,965       8,985       8,106       62,277  

Class R3

    174       12,564       28,823       3,310  

Class R4

    59       5,560       3,965       1,448  

Class R5

    106       5,523       5,733       342  

Class R6

                      9  

Class Y

    48,739                   11,625  

Class F

    251       10       9       2,223  

Distribution fees

 

Class A

    31,954       1,242,305       788,150       1,536,801  

Class C

    23,612       429,037       303,727       905,435  

Class R3

    398       30,072       69,753       7,643  

Class R4

    94       9,413       8,497       2,126  

Custodian fees

    61,628       2,077       1,740       74,160  

Registration and filing fees

    105,170       101,003       98,980       146,477  

Accounting services fees

    31,449       83,587       55,972       140,148  

Board of Directors’ fees

    5,706       17,067       11,454       27,828  

Audit and tax fees

    72,351       18,765       22,021       42,570  

Other expenses

    29,712       102,445       65,040       190,353  
 

 

 

   

 

 

   

 

 

   

 

 

 

Total expenses (before waivers, reimbursements and fees paid indirectly)

    2,312,161       3,477,134       2,298,093       9,268,001  
 

 

 

   

 

 

   

 

 

   

 

 

 

Expense waivers

    (161,928                  

Management fee waivers

    (251,779                  

Transfer agent fee waivers

                      (3,601

Distribution fee reimbursements

    (141     (20,308     (13,770     (30,430

Commission recapture

    (1,843                  
 

 

 

   

 

 

   

 

 

   

 

 

 

Total waivers, reimbursements and fees paid indirectly

    (415,691     (20,308     (13,770     (34,031
 

 

 

   

 

 

   

 

 

   

 

 

 

Total expenses, net

    1,896,470       3,456,826       2,284,323       9,233,970  
 

 

 

   

 

 

   

 

 

   

 

 

 

Net Investment Income (Loss)

    3,874,063       6,569,271       5,107,074       30,231,847  
 

 

 

   

 

 

   

 

 

   

 

 

 

Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions on:

       

Capital gain distributions received from underlying funds

          13,727,081       7,275,578        

Investments

    (32,651,114                 (5,343,133

Less: Foreign taxes paid/accrued on realized capital gains

    (17,580                 (53,384

Investments in affiliated investment companies

          2,437,164       1,773,078        

Purchased options contracts

    (11,378                 4,093,419  

Futures contracts

    (470,266                 (2,870,497

Written options contracts

    6,543                   (10,257,273

Swap contracts

    201,235                   473,618  

Bond forward contracts

    1,111,069                    

Foreign currency contracts

    31,552                   (1,374,745

Other foreign currency transactions

    (256,006                 (105,759
 

 

 

   

 

 

   

 

 

   

 

 

 

Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions

    (32,055,945     16,164,245       9,048,656       (15,437,754
 

 

 

   

 

 

   

 

 

   

 

 

 

Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions of:

       

Investments*

    3,217,545                   (16,912,493

Investments in affiliated investment companies

          (2,612,332     (393,878      

Purchased options contracts

    6,106                    

Futures contracts

    45,983                   (50,243

Written options contracts

    1,534                    

Swap contracts

    77,156                   (7,625

 

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

 

 

  104  

 


Hartford Multi-Strategy Funds

Statements of Operations – (continued)

For the Year Ended October 31, 2020

 

 

 

    The Hartford
Global Real
Asset Fund
(consolidated)
    The Hartford
Growth
Allocation
Fund
    Hartford
Moderate
Allocation
Fund
    Hartford
Multi-Asset
Income and
Growth Fund
 

Bond forward contracts

    (61,178                  

Foreign currency contracts

    347,294                   747,921  

Translation of other assets and liabilities in foreign currencies

    1,788                   30,378  
 

 

 

   

 

 

   

 

 

   

 

 

 

Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions

    3,636,228       (2,612,332     (393,878     (16,192,062
 

 

 

   

 

 

   

 

 

   

 

 

 

Net Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions

    (28,419,717     13,551,913       8,654,778       (31,629,816
 

 

 

   

 

 

   

 

 

   

 

 

 

Net Increase (Decrease) in Net Assets Resulting from Operations

  $     (24,545,654   $     20,121,184     $     13,761,852     $     (1,397,969
 

 

 

   

 

 

   

 

 

   

 

 

 

* Includes change in unrealized appreciation (depreciation) on deferred capital gains tax

  $ 1,590     $     $     $ 10,744  

 

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

 

 

  105  

 


Hartford Multi-Strategy Funds

Statements of Changes in Net Assets

 

 

 

     The Hartford
Balanced Income Fund
    Hartford AARP
Balanced Retirement Fund
 
     For the
Year Ended
October 31,
2020
    For the
Year Ended
October 31,
2019
    For the
Year Ended
October 31,
2020
    For the
Year Ended
October 31,
2019
 

Operations:

 

Net investment income (loss)

   $ 317,362,177     $ 317,063,765     $ 2,051,486     $ 3,035,068  

Net realized gain (loss) on investments, other financial instruments and foreign currency transactions

     42,028,944       125,189,429       (1,933,787     987,744  

Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions

     (199,710,522     1,101,795,618       (626,616     2,018,265  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Increase (Decrease) in Net Assets Resulting from Operations

     159,680,599       1,544,048,812       (508,917     6,041,077  
  

 

 

   

 

 

   

 

 

   

 

 

 

Distributions to Shareholders:

        

Class A

     (116,699,873     (207,094,162     (1,512,068     (1,052,429

Class C

     (83,323,496     (194,171,595     (418,764     (703,819

Class I

     (132,837,623     (213,576,656     (441,202     (1,183,385

Class R3

     (5,044,990     (11,863,024     (14,895     (140,237

Class R4

     (3,067,138     (7,778,548     (7,433     (139,944

Class R5

     (1,539,667     (3,121,782     (15,695     (146,932

Class R6

     (5,772,348     (7,718,458     (261     (252

Class Y

     (5,334,841     (9,789,523     (54,939     (1,349,201

Class F

     (69,891,681     (104,071,772     (22,042     (23,318
  

 

 

   

 

 

   

 

 

   

 

 

 

Total distributions

     (423,511,657     (759,185,520     (2,487,299     (4,739,517
  

 

 

   

 

 

   

 

 

   

 

 

 

Capital Share Transactions:

 

Sold

     3,479,475,130       2,840,448,032       10,485,934       25,363,961  

Issued in merger

                       141,613,619  

Issued on reinvestment of distributions

     394,527,278       704,992,456       2,364,504       4,656,431  

Redeemed

     (3,145,641,592     (2,900,273,594     (57,327,491     (93,968,074
  

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) from capital share transactions

     728,360,816       645,166,894       (44,477,053     77,665,937  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Increase (Decrease) in Net Assets

     464,529,758       1,430,030,186       (47,473,269     78,967,497  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Assets:

 

Beginning of period

     13,049,850,477       11,619,820,291       158,269,146       79,301,649  
  

 

 

   

 

 

   

 

 

   

 

 

 

End of period

   $     13,514,380,235     $     13,049,850,477     $     110,795,877     $     158,269,146  
  

 

 

   

 

 

   

 

 

   

 

 

 

 

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

 

 

  106  

 


Hartford Multi-Strategy Funds

Statements of Changes in Net Assets – (continued)

 

 

 

     The Hartford
Checks and Balances Fund
    The Hartford
Conservative Allocation Fund
 
     For the
Year Ended
October 31,
2020
    For the
Year Ended
October 31,
2019
    For the
Year Ended
October 31,
2020
    For the
Year Ended
October 31,
2019
 

Operations:

 

Net investment income (loss)

   $ 22,132,042     $ 23,701,487     $ 1,902,082     $ 3,655,881  

Net realized gain (loss) on investments, other financial instruments and foreign currency transactions

     51,093,339       97,507,194       3,266,509       934,511  

Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions

     (4,311,369     77,511,220       (439,470     6,513,136  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Increase (Decrease) in Net Assets Resulting from Operations

     68,914,012       198,719,901       4,729,121       11,103,528  
  

 

 

   

 

 

   

 

 

   

 

 

 

Distributions to Shareholders:

        

Class A

     (93,188,691     (118,347,376     (2,715,202     (2,912,028

Class C

     (10,606,943     (16,616,057     (207,113     (296,093

Class I

     (4,737,593     (6,115,188     (35,559     (50,197

Class R3

     (1,069,179     (1,452,359     (65,407     (109,866

Class R4

     (409,168     (503,671     (51,541     (71,418

Class R5

     (24,460     (42,828     (55,546     (61,359

Class R6

                        

Class Y

                        

Class F

     (424,135     (75,764     (329     (356
  

 

 

   

 

 

   

 

 

   

 

 

 

Total distributions

     (110,460,169     (143,153,243     (3,130,697     (3,501,317
  

 

 

   

 

 

   

 

 

   

 

 

 

Capital Share Transactions:

 

Sold

     140,829,650       188,637,635       25,005,752       43,104,618  

Issued in merger

                        

Issued on reinvestment of distributions

     109,729,534       142,002,404       3,084,773       3,438,110  

Redeemed

     (315,401,639     (340,115,811     (30,300,277     (36,568,499
  

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) from capital share transactions

     (64,842,455     (9,475,772     (2,209,752     9,974,229  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Increase (Decrease) in Net Assets

     (106,388,612     46,090,886       (611,328     17,576,440  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Assets:

 

Beginning of period

     1,573,577,376       1,527,486,490       129,368,018       111,791,578  
  

 

 

   

 

 

   

 

 

   

 

 

 

End of period

   $     1,467,188,764     $     1,573,577,376     $     128,756,690     $     129,368,018  
  

 

 

   

 

 

   

 

 

   

 

 

 

 

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

 

 

  107  

 


Hartford Multi-Strategy Funds

Statements of Changes in Net Assets – (continued)

 

 

 

     The Hartford
Global Real Asset Fund
(consolidated)
    The Hartford
Growth Allocation Fund
 
     For the
Year Ended
October 31,
2020
    For the
Year Ended
October 31,
2019
    For the
Year Ended
October 31,
2020
    For the
Year Ended
October 31,
2019
 

Operations:

 

Net investment income (loss)

   $ 3,874,063     $ 7,605,122     $ 6,569,271     $ 11,166,279  

Net realized gain (loss) on investments, other financial instruments and foreign currency transactions

     (32,055,945     (19,864,597     16,164,245       21,073,147  

Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions

     3,636,228       14,064,288       (2,612,332     26,377,718  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Increase (Decrease) in Net Assets Resulting from Operations

     (24,545,654     1,804,813       20,121,184       58,617,144  
  

 

 

   

 

 

   

 

 

   

 

 

 

Distributions to Shareholders:

        

Class A

     (392,987     (308,202     (22,821,778     (18,140,238

Class C

     (54,081     (45,411     (1,733,204     (1,133,563

Class I

     (1,091,737     (764,332     (509,475     (421,394

Class R3

     (1,984     (1,759     (270,958     (352,176

Class R4

     (1,562     (3,961     (249,170     (262,478

Class R5

     (1,553     (305     (246,703     (219,881

Class R6

                        

Class Y

     (2,745,947     (2,943,318            

Class F

     (3,429,830     (2,578,535     (11,831     (441
  

 

 

   

 

 

   

 

 

   

 

 

 

Total distributions

     (7,719,681     (6,645,823     (25,843,119     (20,530,171
  

 

 

   

 

 

   

 

 

   

 

 

 

Capital Share Transactions:

 

Sold

     34,439,424       37,302,534       38,392,636       55,433,148  

Issued on reinvestment of distributions

     7,528,291       6,366,743       25,480,822       20,243,863  

Redeemed

     (126,702,200     (73,892,874     (108,823,696     (115,846,338
  

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) from capital share transactions

     (84,734,485     (30,223,597     (44,950,238     (40,169,327
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Increase (Decrease) in Net Assets

     (116,999,820     (35,064,607     (50,672,173     (2,082,354
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Assets:

 

Beginning of period

     263,237,735       298,302,342       602,501,205       604,583,559  
  

 

 

   

 

 

   

 

 

   

 

 

 

End of period

   $     146,237,915     $     263,237,735     $     551,829,032     $     602,501,205  
  

 

 

   

 

 

   

 

 

   

 

 

 

 

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

 

 

  108  

 


Hartford Multi-Strategy Funds

Statements of Changes in Net Assets – (continued)

 

 

 

     Hartford
Moderate Allocation Fund
    Hartford
Multi-Asset Income and
Growth Fund
 
     For the
Year Ended
October 31,
2020
    For the
Year Ended
October 31,
2019
    For the
Year Ended
October 31,
2020
    For the
Year Ended
October 31,
2019
 

Operations:

 

Net investment income (loss)

   $ 5,107,074     $ 9,779,573     $ 30,231,847     $ 27,493,842  

Net realized gain (loss) on investments, other financial instruments and foreign currency transactions

     9,048,656       8,068,733       (15,437,754     131,021,700  

Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions

     (393,878     19,745,796       (16,192,062     (74,360,171
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Increase (Decrease) in Net Assets Resulting from Operations

     13,761,852       37,594,102       (1,397,969     84,155,371  
  

 

 

   

 

 

   

 

 

   

 

 

 

Distributions to Shareholders:

        

Class A

     (11,455,327     (26,595,064     (107,059,343     (60,429,364

Class C

     (907,187     (2,965,479     (15,955,771     (9,204,112

Class I

     (372,728     (924,092     (16,840,972     (6,271,868

Class R3

     (458,385     (1,396,505     (263,604     (167,614

Class R4

     (106,871     (574,129     (194,734     (209,275

Class R5

     (222,154     (441,321     (55,804     (16,254

Class R6

                 (26,195     (138,508

Class Y

                 (2,154,579     (1,527,185

Class F

     (10,148     (924     (16,129,608     (9,459,307
  

 

 

   

 

 

   

 

 

   

 

 

 

Total distributions

     (13,532,800     (32,897,514     (158,680,610     (87,423,487
  

 

 

   

 

 

   

 

 

   

 

 

 

Capital Share Transactions:

 

Sold

     33,178,241       36,252,039       143,867,680       158,866,307  

Issued on reinvestment of distributions

     13,378,851       32,455,199       155,816,239       85,714,706  

Redeemed

     (72,121,441     (93,233,316     (269,458,658     (184,611,405
  

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) from capital share transactions

     (25,564,349     (24,526,078     30,225,261       59,969,608  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Increase (Decrease) in Net Assets

     (25,335,297     (19,829,490     (129,853,318     56,701,492  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Assets:

 

Beginning of period

     398,154,922       417,984,412       992,179,528       935,478,036  
  

 

 

   

 

 

   

 

 

   

 

 

 

End of period

   $     372,819,625     $     398,154,922     $     862,326,210     $     992,179,528  
  

 

 

   

 

 

   

 

 

   

 

 

 

 

 

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

 

 

  109  

 


Hartford Multi-Strategy Funds

Financial Highlights

 

 

 

    — Selected Per-Share Data(1)     — Ratios and Supplemental Data —  

Class

  Net Asset
Value at
Beginning
of Period
    Net
Investment
Income
(Loss)
    Net
Realized
and
Unrealized
Gain (Loss)
on
Investments
    Total from
Investment
Operations
    Dividends
from Net
Investment
Income
    Distributions
from
Capital
Gains
    Returns
of
Capital
    Total
Dividends
and
Distributions
    Net
Asset
Value
at
End of
Period
    Total
Return(2)
    Net
Assets at
End of
Period
(000s)
    Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3)(4)
    Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3)(4)
    Ratio of
Net
Investment
Income
(Loss) to
Average
Net
Assets(4)
    Portfolio
Turnover
 
The Hartford Balanced Income Fund  

For the Year Ended October 31, 2020

 

A

  $   14.76     $   0.35     $   (0.10   $   0.25     $   (0.35   $   (0.13   $   —     $   (0.48   $   14.53       1.75   $   3,747,275       0.89     0.89     2.44     63

C

    14.53       0.24       (0.11     0.13       (0.24     (0.13           (0.37     14.29       0.92       2,994,151       1.64       1.64       1.70       63  

I

    14.77       0.39       (0.12     0.27       (0.38     (0.13           (0.51     14.53       1.94       3,960,448       0.63       0.63       2.69       63  

R3

    14.82       0.31       (0.12     0.19       (0.29     (0.13           (0.42     14.59       1.36       154,953       1.24       1.24       2.10       63  

R4

    14.83       0.35       (0.12     0.23       (0.34     (0.13           (0.47     14.59       1.60       88,942       0.95       0.95       2.38       63  

R5

    14.85       0.39       (0.12     0.27       (0.38     (0.13           (0.51     14.61       1.90       42,220       0.66       0.66       2.67       63  

R6

    14.93       0.40       (0.11     0.29       (0.39     (0.13           (0.52     14.70       2.06       240,876       0.56       0.56       2.74       63  

Y

    14.93       0.39       (0.11     0.28       (0.38     (0.13           (0.51     14.70       1.96       154,356       0.67       0.66       2.67       63  

F

    14.77       0.40       (0.10     0.30       (0.40     (0.13           (0.53     14.54       2.08       2,131,158       0.56       0.56       2.76       63  

For the Year Ended October 31, 2019

 

A

  $ 13.86     $ 0.38     $ 1.43     $ 1.81     $ (0.38   $ (0.53   $     $ (0.91   $ 14.76       13.88   $ 3,517,691       0.90     0.90     2.73     54

C

    13.65       0.28       1.41       1.69       (0.28     (0.53           (0.81     14.53       13.08       3,365,430       1.65       1.65       1.99       54  

I

    13.86       0.42       1.44       1.86       (0.42     (0.53           (0.95     14.77       14.24       3,670,729       0.65       0.65       2.98       54  

R3

    13.90       0.34       1.44       1.78       (0.33     (0.53           (0.86     14.82       13.54       190,851       1.26       1.26       2.38       54  

R4

    13.91       0.38       1.44       1.82       (0.37     (0.53           (0.90     14.83       13.88       103,304       0.97       0.97       2.68       54  

R5

    13.93       0.42       1.45       1.87       (0.42     (0.53           (0.95     14.85       14.14       43,770       0.67       0.67       2.99       54  

R6

    14.01       0.43       1.45       1.88       (0.43     (0.53           (0.96     14.93       14.24       192,279       0.58       0.58       3.01       54  

Y

    14.01       0.43       1.44       1.87       (0.42     (0.53           (0.95     14.93       14.16       150,620       0.66       0.65       3.00       54  

F

    13.87       0.43       1.43       1.86       (0.43     (0.53           (0.96     14.77       14.24       1,815,178       0.57       0.57       3.06       54  

For the Year Ended October 31, 2018

 

A

  $ 14.80     $ 0.38     $ (0.53   $ (0.15   $ (0.36   $ (0.43   $     $ (0.79   $ 13.86       (1.14 )%    $ 3,127,224       0.91     0.91     2.64     48

C

    14.59       0.27       (0.52     (0.25     (0.26     (0.43           (0.69     13.65       (1.90     3,350,560       1.66       1.66       1.89       48  

I

    14.80       0.42       (0.53     (0.11     (0.40     (0.43           (0.83     13.86       (0.89     3,092,500       0.65       0.65       2.89       48  

R3

    14.84       0.33       (0.53     (0.20     (0.31     (0.43           (0.74     13.90       (1.49     196,578       1.28       1.27       2.28       48  

R4

    14.85       0.37       (0.53     (0.16     (0.35     (0.43           (0.78     13.91       (1.19     121,239       0.98       0.97       2.57       48  

R5

    14.87       0.41       (0.53     (0.12     (0.39     (0.43           (0.82     13.93       (0.91     52,640       0.68       0.68       2.86       48  

R6

    14.94       0.43       (0.52     (0.09     (0.41     (0.43           (0.84     14.01       (0.74     87,445       0.58       0.58       2.95       48  

Y

    14.94       0.42       (0.52     (0.10     (0.40     (0.43           (0.83     14.01       (0.79     146,051       0.63       0.63       2.92       48  

F

    14.80       0.43       (0.52     (0.09     (0.41     (0.43           (0.84     13.87       (0.75     1,445,583       0.58       0.58       2.96       48  

For the Year Ended October 31, 2017

 

A

  $ 13.80     $ 0.37     $ 1.14     $ 1.51     $ (0.36   $ (0.15   $     $ (0.51   $ 14.80       11.16   $ 3,297,181       0.92     0.92     2.63     39

C

    13.61       0.26       1.12       1.38       (0.25     (0.15           (0.40     14.59       10.37       3,657,126       1.66       1.66       1.89       39  

I

    13.80       0.41       1.13       1.54       (0.39     (0.15           (0.54     14.80       11.41       3,351,891       0.69       0.69       2.86       39  

R3

    13.84       0.33       1.13       1.46       (0.31     (0.15           (0.46     14.84       10.79       222,526       1.30       1.24       2.30       39  

R4

    13.85       0.37       1.13       1.50       (0.35     (0.15           (0.50     14.85       11.10       109,315       1.00       0.94       2.61       39  

R5

    13.86       0.41       1.14       1.55       (0.39     (0.15           (0.54     14.87       11.44       45,300       0.70       0.69       2.85       39  

R6

    13.93       0.42       1.14       1.56       (0.40     (0.15           (0.55     14.94       11.48       31,234       0.60       0.60       2.89       39  

Y

    13.93       0.42       1.14       1.56       (0.40     (0.15           (0.55     14.94       11.46       124,655       0.62       0.62       2.91       39  

F(5)

    14.20       0.24       0.66       0.90       (0.30                 (0.30     14.80       6.41 (6)      1,126,948       0.60 (7)      0.60 (7)      2.47 (7)      39  

For the Year Ended October 31, 2016

 

A

  $ 13.41     $ 0.37     $ 0.57     $ 0.94     $ (0.33   $ (0.22   $     $ (0.55   $ 13.80       7.29   $ 3,076,342       0.96     0.96 %(8)      2.73     36

B

    13.37       0.37       0.57       0.94       (0.32     (0.22           (0.54     13.77       7.30       6,529       1.08       1.00 (8)      2.74       36  

C

    13.24       0.26       0.57       0.83       (0.24     (0.22           (0.46     13.61       6.48       3,171,408       1.69       1.69 (8)      1.99       36  

I

    13.41       0.40       0.58       0.98       (0.37     (0.22           (0.59     13.80       7.57       2,290,723       0.70       0.70 (8)      2.95       36  

R3

    13.45       0.33       0.58       0.91       (0.30     (0.22           (0.52     13.84       6.98       174,319       1.32       1.25 (8)      2.43       36  

R4

    13.45       0.37       0.59       0.96       (0.34     (0.22           (0.56     13.85       7.36       106,451       1.02       0.95 (8)      2.71       36  

R5

    13.47       0.40       0.58       0.98       (0.37     (0.22           (0.59     13.86       7.53       31,698       0.72       0.70 (8)      2.97       36  

R6

    13.53       0.41       0.59       1.00       (0.38     (0.22           (0.60     13.93       7.65       9,636       0.62       0.62 (8)      3.04       36  

Y

    13.53       0.41       0.59       1.00       (0.38     (0.22           (0.60     13.93       7.65       86,177       0.62       0.62 (8)      3.00       36  

 

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

 

 

  110  

 


Hartford Multi-Strategy Funds

Financial Highlights – (continued)

 

 

 

    — Selected Per-Share Data(1)     — Ratios and Supplemental Data —  

Class

  Net Asset
Value at
Beginning
of Period
    Net
Investment
Income
(Loss)
    Net
Realized
and
Unrealized
Gain (Loss)
on
Investments
    Total from
Investment
Operations
    Dividends
from Net
Investment
Income
    Distributions
from
Capital
Gains
    Returns
of
Capital
    Total
Dividends
and
Distributions
    Net
Asset
Value
at
End of
Period
    Total
Return(2)
    Net
Assets at
End of
Period
(000s)
    Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3)(4)
    Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3)(4)
    Ratio of
Net
Investment
Income
(Loss) to
Average
Net
Assets(4)
    Portfolio
Turnover
 
Hartford AARP Balanced Retirement Fund  

For the Year Ended October 31, 2020

 

A

  $   9.20     $   0.15     $   (0.15   $ 0.00 (18)    $   (0.19   $   —     $   —     $   (0.19   $   9.01       (0.05 )%    $   70,601       1.01     0.77     1.70     104 %(19) 

C

    9.21       0.09       (0.16       (0.07     (0.11                 (0.11     9.03       (0.80     23,512       1.75       1.51       0.99       104 (19) 

I

    9.20       0.19       (0.18     0.01       (0.22                 (0.22     8.99       0.09       12,661       0.69       0.46       2.07       104 (19) 

R3

    9.21       0.13       (0.18     (0.05     (0.15                 (0.15     9.01       (0.54     785       1.33       1.08       1.39       104 (19) 

R4

    9.16       0.15       (0.16     (0.01     (0.18                 (0.18     8.97       (0.09     386       1.03       0.78       1.66       104 (19) 

R5

    9.17       0.18       (0.17     0.01       (0.21                 (0.21     8.97       0.10       605       0.73       0.47       2.01       104 (19) 

R6

    9.19       0.19       (0.16     0.03       (0.23                 (0.23     8.99       0.27       11       0.61       0.37       2.10       104 (19) 

Y

    9.14       0.18       (0.16     0.02       (0.21                 (0.21     8.95       0.18       2,030       0.71       0.47       2.04       104 (19) 

F

    9.13       0.20       (0.17     0.03       (0.23                 (0.23     8.93       0.30       206       0.61       0.37       2.23       104 (19) 

For the Year Ended October 31, 2019

 

       

A

  $ 9.08     $ 0.27     $ 0.40     $ 0.67     $ (0.55   $     $     $ (0.55   $ 9.20       7.95   $ 83,998       1.06     0.71     3.00     207

C

    9.08       0.23       0.38       0.61       (0.48                 (0.48     9.21       7.14       39,757       1.85       1.45       2.57       207  

I

    9.07       0.36       0.34       0.70       (0.57                 (0.57     9.20       8.16       26,433       0.86       0.61       3.99       207  

R3

    9.08       0.36       0.35       0.71       (0.58                 (0.58     9.21       8.24       1,279       1.31       0.55       4.02       207  

R4

    9.08       0.38       0.33       0.71       (0.63                 (0.63     9.16       8.35       349       1.05       0.54       4.16       207  

R5

    9.07       0.36       0.34       0.70       (0.60                 (0.60     9.17       8.28       806       0.79       0.54       3.93       207  

R6(9)

    8.93       0.21       0.27       0.48       (0.22                 (0.22     9.19       5.42       11       0.75       0.48       3.43       207  

Y

    9.07       0.38       0.31       0.69       (0.62                 (0.62     9.14       8.21       3,746       0.79       0.53       4.17       207  

F

    9.07       0.26       0.44       0.70       (0.64                 (0.64     9.13       8.27       1,889       0.73       0.44       3.02       207  

For the Year Ended October 31, 2018

 

       

A

  $ 9.46     $ 0.41     $ (0.28   $ 0.13     $ (0.51   $     $     $ (0.51   $ 9.08       1.26   $ 13,324       1.20     0.78     4.35     61

C

    9.47       0.35       (0.29     0.06       (0.45                 (0.45     9.08       0.55       11,686       1.98       1.47       3.71       61  

I

    9.46       0.42       (0.28     0.14       (0.53                 (0.53     9.07       1.40       20,780       0.98       0.68       4.51       61  

R3

    9.47       0.40       (0.28     0.12       (0.51                 (0.51     9.08       1.21       2,225       1.61       0.84       4.28       61  

R4

    9.46       0.41       (0.28     0.13       (0.51                 (0.51     9.08       1.27       2,241       1.31       0.78       4.34       61  

R5

    9.46       0.41       (0.28     0.13       (0.52                 (0.52     9.07       1.27       2,256       1.01       0.72       4.40       61  

Y

    9.46       0.42       (0.28     0.14       (0.53                 (0.53     9.07       1.37       26,398       0.89       0.61       4.51       61  

F

    9.46       0.42       (0.27     0.15       (0.54                 (0.54     9.07       1.39       391       0.89       0.61       4.50       61  

For the Year Ended October 31, 2017

 

       

A

  $ 9.04     $ 0.39     $ 0.41     $ 0.80     $ (0.38   $     $     $ (0.38   $ 9.46       9.06   $ 11,877       1.26     0.95     4.26     85

C

    9.04       0.34       0.41       0.75       (0.32                 (0.32     9.47       8.42       6,972       2.05       1.58       3.65       85  

I

    9.04       0.41       0.41       0.82       (0.40                 (0.40     9.46       9.22       13,310       1.07       0.83       4.40       85  

R3

    9.04       0.38       0.41       0.79       (0.36                 (0.36     9.47       8.95       2,197       1.68       1.12       4.11       85  

R4

    9.04       0.39       0.41       0.80       (0.38                 (0.38     9.46       9.00       2,211       1.38       1.00       4.22       85  

R5

    9.04       0.40       0.41       0.81       (0.39                 (0.39     9.46       9.18       2,225       1.08       0.87       4.36       85  

Y

    9.04       0.40       0.42       0.82       (0.40                 (0.40     9.46       9.29       25,587       0.98       0.79       4.40       85  

F(5)

    9.21       0.28       0.24       0.52       (0.27                 (0.27     9.46       5.72 (6)      419       0.97 (7)      0.66 (7)      4.48 (7)      85  

For the Year Ended October 31, 2016

 

       

A

  $ 9.14     $ 0.43     $ (0.06   $ 0.37     $ (0.38   $     $ (0.09   $ (0.47   $ 9.04       4.31   $ 13,352       1.37     1.13 %(10)      4.88     80

C

    9.14       0.36       (0.06     0.30       (0.32           (0.08     (0.40     9.04       3.49       4,659       2.07       1.88 (10)      4.06       80  

I

    9.14       0.44       (0.05     0.39       (0.40           (0.09     (0.49     9.04       4.46       12,530       1.10       0.87 (10)      4.91       80  

R3

    9.14       0.40       (0.06     0.34       (0.36           (0.08     (0.44     9.04       3.87       2,018       1.72       1.43 (10)      4.51       80  

R4

    9.14       0.43       (0.04     0.37       (0.38           (0.09     (0.47     9.04       4.19       2,028       1.42       1.13 (10)      4.81       80  

R5

    9.14       0.44       (0.05     0.39       (0.40           (0.09     (0.49     9.04       4.40       2,038       1.12       0.94 (10)      5.00       80  

Y

    9.15       0.45       (0.06     0.39       (0.41           (0.09     (0.50     9.04       4.55       35,383       1.02       0.84 (10)      5.06       80  

 

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

 

 

  111  

 


Hartford Multi-Strategy Funds

Financial Highlights – (continued)

 

 

 

    — Selected Per-Share Data(1)     — Ratios and Supplemental Data —  

Class

  Net Asset
Value at
Beginning
of Period
    Net
Investment
Income
(Loss)
    Net
Realized
and
Unrealized
Gain (Loss)
on
Investments
    Total from
Investment
Operations
    Dividends
from Net
Investment
Income
    Distributions
from
Capital
Gains
    Returns
of
Capital
    Total
Dividends
and
Distributions
    Net
Asset
Value
at
End of
Period
    Total
Return(2)
    Net
Assets at
End of
Period
(000s)
    Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3)(4)
    Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3)(4)
    Ratio of
Net
Investment
Income
(Loss) to
Average
Net
Assets(4)
    Portfolio
Turnover
 
The Hartford Checks and Balances Fund  

For the Year Ended October 31, 2020

 

A

  $   9.64     $   0.14     $   0.32     $   0.46     $   (0.22   $   (0.46   $   —     $   (0.68   $   9.42       4.98   $   1,258,232       0.39     0.39     1.53     14

C

    9.57       0.07       0.33       0.40       (0.15     (0.46           (0.61     9.36       4.27       127,228       1.17       1.17       0.77       14  

I

    9.66       0.16       0.32       0.48       (0.24     (0.46           (0.70     9.44       5.25       64,175       0.13       0.13       1.76       14  

R3

    9.60       0.11       0.32       0.43       (0.19     (0.46           (0.65     9.38       4.62       12,010       0.75       0.75       1.22       14  

R4

    9.61       0.15       0.31       0.46       (0.22     (0.46           (0.68     9.39       4.94       3,093       0.43       0.43       1.65       14  

R5

    9.50       0.16       0.32       0.48       (0.24     (0.46           (0.70     9.28       5.31       369       0.16       0.16       1.71       14  

F

    9.66       0.16       0.32       0.48       (0.25     (0.46           (0.71     9.43       5.23       2,083       0.05       0.05       1.77       14  

For the Year Ended October 31, 2019

 

A

  $ 9.36     $ 0.15     $ 1.01     $ 1.16     $ (0.32   $ (0.56   $     $ (0.88   $ 9.64       13.95   $ 1,311,955       0.39     0.39     1.63     28

C

    9.29       0.08       1.00       1.08       (0.24     (0.56           (0.80     9.57       13.06       166,663       1.16       1.16       0.85       28  

I

    9.37       0.17       1.03       1.20       (0.35     (0.56           (0.91     9.66       14.36       66,574       0.13       0.13       1.89       28  

R3

    9.32       0.12       1.01       1.13       (0.29     (0.56           (0.85     9.60       13.57       15,733       0.75       0.74       1.27       28  

R4

    9.33       0.15       1.01       1.16       (0.32     (0.56           (0.88     9.61       13.92       5,847       0.43       0.43       1.58       28  

R5

    9.37       0.12       1.04       1.16       (0.47     (0.56           (1.03     9.50       13.91       336       0.16       0.16       1.29       28  

F

    9.37       0.20       1.01       1.21       (0.36     (0.56           (0.92     9.66       14.47       6,470       0.04       0.04       2.07       28  

For the Year Ended October 31, 2018

 

A

  $ 10.45     $ 0.18     $ 0.05     $ 0.23     $ (0.37   $ (0.95   $     $ (1.32   $ 9.36       2.17   $ 1,246,869       0.38     0.38     1.87     28

C

    10.38       0.11       0.05       0.16       (0.30     (0.95           (1.25     9.29       1.39       195,591       1.15       1.15       1.12       28  

I

    10.47       0.20       0.05       0.25       (0.40     (0.95           (1.35     9.37       2.33       62,762       0.13       0.13       2.10       28  

R3

    10.41       0.15       0.05       0.20       (0.34     (0.95           (1.29     9.32       1.80       16,209       0.76       0.75       1.51       28  

R4

    10.42       0.17       0.06       0.23       (0.37     (0.95           (1.32     9.33       2.10       5,162       0.47       0.47       1.77       28  

R5

    10.47       0.21       0.03       0.24       (0.39     (0.95           (1.34     9.37       2.29       478       0.16       0.16       2.18       28  

F

    10.46       0.19       0.08       0.27       (0.41     (0.95           (1.36     9.37       2.51       417       0.04       0.04       1.96       28  

For the Year Ended October 31, 2017

 

A

  $ 9.85     $ 0.14     $ 1.28     $ 1.42     $ (0.13   $ (0.69   $     $ (0.82   $ 10.45       15.27   $ 1,326,959       0.38     0.38     1.44     3

C

    9.78       0.07       1.27       1.34       (0.05     (0.69           (0.74     10.38       14.46       303,378       1.13       1.13       0.70       3  

I

    9.86       0.16       1.29       1.45       (0.15     (0.69           (0.84     10.47       15.63       58,494       0.16       0.16       1.63       3  

R3

    9.81       0.10       1.28       1.38       (0.09     (0.69           (0.78     10.41       14.89       18,645       0.75       0.75       1.04       3  

R4

    9.82       0.13       1.28       1.41       (0.12     (0.69           (0.81     10.42       15.24       5,372       0.45       0.45       1.35       3  

R5

    9.86       0.20       1.25       1.45       (0.15     (0.69           (0.84     10.47       15.66       2,082       0.14       0.14       1.99       3  

F(5)

    9.86       0.11       0.60       0.71       (0.11                 (0.11     10.46       7.27 (6)      1,441       0.04 (7)      0.04 (7)      1.57 (7)      3  

For the Year Ended October 31, 2016

 

A

  $ 10.81     $ 0.14     $ 0.11     $ 0.25     $ (0.19   $ (1.02   $     $ (1.21   $ 9.85       2.78   $ 1,386,748       0.41     0.41     1.46     8

B

    10.76       0.07       0.09       0.16       (0.09     (1.02           (1.11     9.81       1.93       32,027       1.21       1.21       0.72       8  

C

    10.75       0.07       0.09       0.16       (0.11     (1.02           (1.13     9.78       1.94       321,436       1.16       1.16       0.71       8  

I

    10.83       0.17       0.09       0.26       (0.21     (1.02           (1.23     9.86       2.97       39,557       0.19       0.19       1.69       8  

R3

    10.78       0.10       0.10       0.20       (0.15     (1.02           (1.17     9.81       2.35       14,554       0.77       0.77       1.05       8  

R4

    10.79       0.13       0.10       0.23       (0.18     (1.02           (1.20     9.82       2.64       4,457       0.47       0.47       1.38       8  

R5

    10.82       0.16       0.11       0.27       (0.21     (1.02           (1.23     9.86       3.04       4,893       0.16       0.16       1.69       8  
The Hartford Conservative Allocation Fund  

For the Year Ended October 31, 2020

 

A

  $   10.83     $   0.17     $   0.26     $   0.43     $   (0.27   $   —     $   —     $   (0.27   $   10.99       4.04   $   110,425       0.59     0.59     1.55     45

C

    10.71       0.09       0.26       0.35       (0.16                 (0.16     10.90       3.25       11,131       1.38       1.38       0.83       45  

I

    10.85       0.18       0.28       0.46       (0.30                 (0.30     11.01       4.28       1,862       0.36       0.36       1.66       45  

R3

    10.83       0.13       0.26       0.39       (0.22                 (0.22     11.00       3.61       2,742       0.95       0.94       1.25       45  

R4

    10.84       0.19       0.23       0.42       (0.26                 (0.26     11.00       3.95       1,108       0.65       0.64       1.75       45  

R5

    10.88       0.21       0.25       0.46       (0.30                 (0.30     11.04       4.27       1,477       0.35       0.34       1.91       45  

F

    10.86       0.20       0.28       0.48       (0.31                 (0.31     11.03       4.47       12       0.23       0.23       1.89       45  

 

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

 

 

  112  

 


Hartford Multi-Strategy Funds

Financial Highlights – (continued)

 

 

 

    — Selected Per-Share Data(1)     — Ratios and Supplemental Data —  

Class

  Net Asset
Value at
Beginning
of Period
    Net
Investment
Income
(Loss)
    Net
Realized
and
Unrealized
Gain (Loss)
on
Investments
    Total from
Investment
Operations
    Dividends
from Net
Investment
Income
    Distributions
from
Capital
Gains
    Returns
of
Capital
    Total
Dividends
and
Distributions
    Net
Asset
Value
at
End of
Period
    Total
Return(2)
    Net
Assets at
End of
Period
(000s)
    Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3)(4)
    Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3)(4)
    Ratio of
Net
Investment
Income
(Loss) to
Average
Net
Assets(4)
    Portfolio
Turnover
 
The Hartford Conservative Allocation Fund – (continued)  

For the Year Ended October 31, 2019

 

A

  $   10.23     $   0.31     $   0.60     $   0.91     $   (0.31   $   —     $   —     $   (0.31   $   10.83       9.28   $   105,569       0.60     0.59     3.02     38

C

    10.05       0.22       0.62       0.84       (0.18                 (0.18     10.71       8.41       14,947       1.36       1.36       2.15       38  

I

    10.25       0.38       0.55       0.93       (0.33                 (0.33     10.85       9.49       1,253       0.34       0.34       3.63       38  

R3

    10.21       0.29       0.59       0.88       (0.26                 (0.26     10.83       8.89       3,481       0.95       0.93       2.81       38  

R4

    10.24       0.32       0.59       0.91       (0.31                 (0.31     10.84       9.22       2,094       0.65       0.63       3.06       38  

R5

    10.28       0.34       0.60       0.94       (0.34                 (0.34     10.88       9.56       2,013       0.35       0.33       3.28       38  

F

    10.26       0.31       0.64       0.95       (0.35                 (0.35     10.86       9.62       12       0.24       0.24       2.98       38  

For the Year Ended October 31, 2018

 

A

  $ 10.60     $ 0.31     $ (0.37   $ (0.06   $ (0.31   $     $     $ (0.31   $ 10.23       (0.59 )%    $ 84,379       0.61     0.60     2.91     32

C

    10.41       0.21       (0.35     (0.14     (0.22                 (0.22     10.05       (1.38     17,552       1.37       1.36       2.04       32  

I

    10.63       0.35       (0.38     (0.03     (0.35                 (0.35     10.25       (0.39     1,217       0.38       0.36       3.38       32  

R3

    10.57       0.29       (0.37     (0.08     (0.28                 (0.28     10.21       (0.80     4,327       0.96       0.86       2.80       32  

R4

    10.61       0.31       (0.36     (0.05     (0.32                 (0.32     10.24       (0.51     2,461       0.66       0.56       3.00       32  

R5

    10.66       0.33       (0.36     (0.03     (0.35                 (0.35     10.28       (0.32     1,845       0.36       0.26       3.13       32  

F

    10.63       0.34       (0.36     (0.02     (0.35                 (0.35     10.26       (0.23     11       0.24       0.24       3.19       32  

For the Year Ended October 31, 2017

 

A

  $ 9.81     $ 0.13     $ 0.79     $ 0.92     $ (0.13   $     $     $ (0.13   $ 10.60       9.51   $ 86,987       0.58     0.55     1.24     17 %(11) 

C

    9.62       0.05       0.79       0.84       (0.05                 (0.05     10.41       8.80       26,424       1.33       1.30       0.49       17  

I

    9.83       0.15       0.81       0.96       (0.16                 (0.16     10.63       9.92       1,835       0.29       0.27       1.47       17  

R3

    9.79       0.10       0.79       0.89       (0.11                 (0.11     10.57       9.21       7,135       0.94       0.80       1.02       17  

R4

    9.82       0.13       0.80       0.93       (0.14                 (0.14     10.61       9.57       2,693       0.64       0.50       1.25       17  

R5

    9.86       0.16       0.81       0.97       (0.17                 (0.17     10.66       9.99       2,251       0.34       0.20       1.58       17  

F(5)

    10.03       0.08       0.52       0.60                               10.63       5.98 (6)      11       0.23 (7)      0.20 (7)      1.22 (7)      17  

For the Year Ended October 31, 2016

 

A

  $ 9.85     $ 0.09     $ 0.02     $ 0.11     $ (0.03   $ (0.12   $     $ (0.15   $ 9.81       1.26   $ 95,802       0.60     0.54     0.90     80

B

    9.73       0.02       0.02       0.04       (0.02     (0.12           (0.14     9.63       0.44       1,416       1.49       1.29       0.16       80  

C

    9.73       0.01       0.01       0.02       (0.01     (0.12           (0.13     9.62       0.34       31,115       1.34       1.29       0.15       80  

I

    9.86       0.11       0.02       0.13       (0.04     (0.12           (0.16     9.83       1.45       1,087       0.32       0.27       1.18       80  

R3

    9.85       0.06       0.03       0.09       (0.03     (0.12           (0.15     9.79       0.99       8,561       0.94       0.79       0.64       80  

R4

    9.86       0.09       0.03       0.12       (0.04     (0.12           (0.16     9.82       1.28       2,340       0.64       0.49       0.94       80  

R5

    9.88       0.12       0.02       0.14       (0.04     (0.12           (0.16     9.86       1.56       2,231       0.34       0.19       1.25       80  
The Hartford Global Real Asset Fund (consolidated)  

For the Year Ended October 31, 2020

 

A

  $ 8.84     $ 0.13     $ (0.97   $ (0.84   $ (0.24   $     $     $ (0.24   $ 7.76       (9.85 )%    $ 11,732       1.54     1.25     1.58     316 %(20) 

C

    8.64       0.07       (0.95     (0.88     (0.16                 (0.16     7.60       (10.44     1,732       2.32       2.00       0.84       316 (20) 

I

    8.83       0.16       (0.96     (0.80     (0.27                 (0.27     7.76       (9.50     13,318       1.15       0.98       1.92       316 (20) 

R3

    8.88       0.11       (0.97     (0.86     (0.22                 (0.22     7.80       (10.03     82       1.79       1.50       1.31       316 (20) 

R4

    8.86       0.14       (0.98     (0.84     (0.23                 (0.23     7.79       (9.82     22       1.48       1.20       1.70       316 (20) 

R5

    8.78       0.14       (0.95     (0.81     (0.26                 (0.26     7.71       (9.59     115       1.19       0.95       1.85       316 (20) 

Y

    8.84       0.16       (0.96     (0.80     (0.28                 (0.28     7.76       (9.48     46,915       1.14       0.90       1.95       316 (20) 

F

    8.83       0.16       (0.95     (0.79     (0.28                 (0.28     7.76       (9.43     72,321       1.07       0.90       1.99       316 (20) 

For the Year Ended October 31, 2019

 

A

  $ 9.00     $ 0.20     $ (0.19   $ 0.01     $ (0.17   $     $     $ (0.17   $ 8.84       0.27   $ 14,360       1.51     1.25     2.32     201

C

    8.78       0.13       (0.18     (0.05     (0.09                 (0.09     8.64       (0.49     3,038       2.29       2.00       1.53       201  

I

    9.00       0.23       (0.20     0.03       (0.20                 (0.20     8.83       0.47       38,226       1.16       0.99       2.63       201  

R3

    9.04       0.18       (0.19     (0.01     (0.15                 (0.15     8.88       0.02       70       1.80       1.50       2.01       201  

R4

    9.02       0.20       (0.19     0.01       (0.17                 (0.17     8.86       0.27       59       1.49       1.20       2.29       201  

R5

    9.01       0.23       (0.20     0.03       (0.26                 (0.26     8.78       0.54       39       1.19       0.95       2.59       201  

Y

    9.00       0.24       (0.19     0.05       (0.21                 (0.21     8.84       0.67       96,453       1.14       0.90       2.68       201  

F

    9.00       0.24       (0.20     0.04       (0.21                 (0.21     8.83       0.55       110,993       1.08       0.90       2.67       201  

 

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

 

 

  113  

 


Hartford Multi-Strategy Funds

Financial Highlights – (continued)

 

 

 

    — Selected Per-Share Data(1)     — Ratios and Supplemental Data —  

Class

  Net Asset
Value at
Beginning
of Period
    Net
Investment
Income
(Loss)
    Net
Realized
and
Unrealized
Gain (Loss)
on
Investments
    Total from
Investment
Operations
    Dividends
from Net
Investment
Income
    Distributions
from
Capital
Gains
    Returns
of
Capital
    Total
Dividends
and
Distributions
    Net
Asset
Value
at
End of
Period
    Total
Return(2)
    Net
Assets at
End of
Period
(000s)
    Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3)(4)
    Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3)(4)
    Ratio of
Net
Investment
Income
(Loss) to
Average
Net
Assets(4)
    Portfolio
Turnover
 
The Hartford Global Real Asset Fund (consolidated) – (continued)  

For the Year Ended October 31, 2018

 

A

  $   9.38     $   0.14     $   (0.22   $   (0.08   $   (0.30   $   —     $   —     $   (0.30   $   9.00       (0.97 )%    $   17,794       1.55     1.25     1.48     111

C

    9.15       0.07       (0.23     (0.16     (0.21                 (0.21     8.78       (1.71     4,622       2.31       2.00       0.73       111  

I

    9.38       0.17       (0.22     (0.05     (0.33                 (0.33     9.00       (0.68     35,607       1.17       0.95       1.77       111  

R3

    9.40       0.12       (0.23     (0.11     (0.25                 (0.25     9.04       (1.26     103       1.83       1.50       1.23       111  

R4

    9.39       0.15       (0.21     (0.06     (0.31                 (0.31     9.02       (0.82     207       1.53       1.20       1.59       111  

R5

    9.39       0.17       (0.22     (0.05     (0.33                 (0.33     9.01       (0.68     10       1.22       0.95       1.82       111  

Y

    9.39       0.17       (0.22     (0.05     (0.34                 (0.34     9.00       (0.67     128,897       1.16       0.90       1.83       111  

F

    9.38       0.17       (0.22     (0.05     (0.33                 (0.33     9.00       (0.64     111,062       1.11       0.90       1.82       111  

For the Year Ended October 31, 2017

 

A

  $ 8.67     $ 0.11     $ 0.64     $ 0.75     $ (0.04   $     $     $ (0.04   $ 9.38       8.65   $ 16,990       1.55     1.25     1.20     103

C

    8.48       0.04       0.63       0.67                               9.15       7.90       7,138       2.25       2.00       0.44       103  

I

    8.67       0.13       0.64       0.77       (0.06                 (0.06     9.38       8.93       29,092       1.16       0.99       1.46       103  

R3

    8.69       0.08       0.65       0.73       (0.02                 (0.02     9.40       8.43       151       1.92       1.50       0.94       103  

R4

    8.67       0.11       0.64       0.75       (0.03                 (0.03     9.39       8.71       433       1.49       1.20       1.24       103  

R5

    8.68       0.14       0.64       0.78       (0.07                 (0.07     9.39       9.00       67       1.17       0.95       1.53       103  

Y

    8.68       0.13       0.65       0.78       (0.07                 (0.07     9.39       9.01       123,742       1.09       0.90       1.46       103  

F(5)

    8.93       0.11       0.34       0.45                               9.38       5.04 (6)      112,016       1.08 (7)      0.90 (7)      1.79 (7)      103  

For the Year Ended October 31, 2016

 

A

  $ 8.15     $ 0.09     $ 0.49     $ 0.58     $ (0.06   $     $     $ (0.06   $ 8.67       7.27   $ 20,262       1.61     1.26 %(12)      1.09     115

C

    7.97       0.03       0.48       0.51                               8.48       6.40       8,702       2.30       2.01 (12)      0.33       115  

I

    8.16       0.11       0.49       0.60       (0.09                 (0.09     8.67       7.51       24,931       1.18       0.99 (12)      1.35       115  

R3

    8.17       0.07       0.49       0.56       (0.04                 (0.04     8.69       6.86       126       1.95       1.49 (12)      0.81       115  

R4

    8.17       0.08       0.50       0.58       (0.08                 (0.08     8.67       7.17       511       1.50       1.21 (12)      1.05       115  

R5

    8.17       0.10       0.50       0.60       (0.09                 (0.09     8.68       7.56       49       1.24       0.96 (12)      1.27       115  

Y

    8.17       0.11       0.50       0.61       (0.10                 (0.10     8.68       7.64       210,071       1.10       0.91 (12)      1.42       115  
The Hartford Growth Allocation Fund  

For the Year Ended October 31, 2020

 

A

  $   12.81     $   0.15     $   0.35     $   0.50     $   (0.19   $   (0.37   $   —     $   (0.56   $   12.75       3.90   $   491,747       0.56     0.56     1.21     19

C

    12.69       0.06       0.34       0.40       (0.08     (0.37           (0.45     12.64       3.10       37,446       1.35       1.35       0.47       19  

I

    12.75       0.19       0.35       0.54       (0.23     (0.37           (0.60     12.69       4.23       9,024       0.25       0.25       1.56       19  

R3

    12.48       0.12       0.34       0.46       (0.13     (0.37           (0.50     12.44       3.64       5,649       0.87       0.87       0.96       19  

R4

    12.74       0.20       0.30       0.50       (0.18     (0.37           (0.55     12.69       3.92       2,563       0.55       0.55       1.62       19  

R5

    12.83       0.19       0.36       0.55       (0.23     (0.37           (0.60     12.78       4.26       5,067       0.27       0.27       1.51       19  

F

    12.76       0.19       0.36       0.55       (0.24     (0.37           (0.61     12.70       4.31       334       0.16       0.16       1.53       19  

For the Year Ended October 31, 2019

 

A

  $ 12.07     $ 0.23     $ 0.94     $ 1.17     $ (0.29   $ (0.14   $     $ (0.43   $ 12.81       10.25   $ 522,271       0.55     0.54     1.90     25

C

    11.83       0.15       0.92       1.07       (0.07     (0.14           (0.21     12.69       9.33       50,463       1.33       1.32       1.22       25  

I

    12.02       0.26       0.93       1.19       (0.32     (0.14           (0.46     12.75       10.54       11,245       0.24       0.24       2.16       25  

R3

    11.77       0.21       0.88       1.09       (0.24     (0.14           (0.38     12.48       9.81       6,921       0.86       0.86       1.74       25  

R4

    12.00       0.24       0.91       1.15       (0.27     (0.14           (0.41     12.74       10.15       5,657       0.57       0.57       2.01       25  

R5

    12.10       0.27       0.92       1.19       (0.32     (0.14           (0.46     12.83       10.44       5,692       0.25       0.25       2.22       25  

F

    12.03       0.22       0.98       1.20       (0.33     (0.14           (0.47     12.76       10.65       252       0.15       0.15       1.77       25  

For the Year Ended October 31, 2018

 

A

  $ 12.32     $ 0.22     $ (0.18   $ 0.04     $ (0.29   $     $     $ (0.29   $ 12.07       0.28   $ 504,720       0.54     0.54     1.78     32

C

    12.07       0.13       (0.17     (0.04     (0.20                 (0.20     11.83       (0.41     64,208       1.30       1.29       1.09       32  

I

    12.27       0.26       (0.18     0.08       (0.33                 (0.33     12.02       0.60       11,033       0.24       0.24       2.05       32  

R3

    12.02       0.18       (0.18           (0.25                 (0.25     11.77       (0.06     10,776       0.86       0.86       1.43       32  

R4

    12.25       0.23       (0.19     0.04       (0.29                 (0.29     12.00       0.24       8,129       0.56       0.56       1.86       32  

R5

    12.35       0.24       (0.16     0.08       (0.33                 (0.33     12.10       0.55       5,706       0.26       0.26       1.93       32  

F

    12.28       0.27       (0.18     0.09       (0.34                 (0.34     12.03       0.66       11       0.15       0.15       2.12       32  

 

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

 

 

  114  

 


Hartford Multi-Strategy Funds

Financial Highlights – (continued)

 

 

 

    — Selected Per-Share Data(1)     — Ratios and Supplemental Data —  

Class

  Net Asset
Value at
Beginning
of Period
    Net
Investment
Income
(Loss)
    Net
Realized
and
Unrealized
Gain (Loss)
on
Investments
    Total from
Investment
Operations
    Dividends
from Net
Investment
Income
    Distributions
from
Capital
Gains
    Returns
of
Capital
    Total
Dividends
and
Distributions
    Net
Asset
Value
at
End of
Period
    Total
Return(2)
    Net
Assets at
End of
Period
(000s)
    Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3)(4)
    Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3)(4)
    Ratio of
Net
Investment
Income
(Loss) to
Average
Net
Assets(4)
    Portfolio
Turnover
 
The Hartford Growth Allocation Fund – (continued)  

For the Year Ended October 31, 2017

 

A

  $   10.35     $   0.07     $   1.95     $   2.02     $   (0.05   $     $     $ (0.05   $ 12.32       19.54   $ 503,042       0.53     0.52     0.63     11 %(13) 

C

    10.17       (0.01     1.91       1.90                               12.07       18.68       140,855       1.27       1.27       (0.10     11  

I

    10.31       0.10       1.94       2.04       (0.08                 (0.08     12.27       19.91       10,468       0.22       0.22       0.87       11  

R3

    10.09       0.03       1.91       1.94       (0.01                 (0.01     12.02       19.26       11,840       0.86       0.86       0.29       11  

R4

    10.29       0.07       1.94       2.01       (0.05                 (0.05     12.25       19.56       10,699       0.55       0.55       0.64       11  

R5

    10.37       0.10       1.96       2.06       (0.08                 (0.08     12.35       19.98       5,709       0.25       0.25       0.86       11  

F(5)

    11.07       0.04       1.17       1.21                               12.28       10.93 (6)      11       0.15 (7)      0.15 (7)      0.47 (7)      11  

For the Year Ended October 31, 2016

 

A

  $ 11.25     $ 0.04     $ (0.21   $ (0.17   $ (0.16   $   (0.57   $   —     $   (0.73   $   10.35       (1.38 )%    $   507,111       0.57     0.57     0.37     98

B

    11.10       (0.04     (0.22     (0.26     (0.02     (0.57           (0.59     10.25       (2.31     7,399       1.51       1.47       (0.41     98  

C

    11.06       (0.04     (0.20     (0.24     (0.08     (0.57           (0.65     10.17       (2.12     154,929       1.30       1.30       (0.36     98  

I

    11.21       0.06       (0.19     (0.13     (0.20     (0.57           (0.77     10.31       (1.02     7,490       0.26       0.26       0.63       98  

R3

    10.98             (0.20     (0.20     (0.12     (0.57           (0.69     10.09       (1.68     12,110       0.88       0.88       0.05       98  

R4

    11.19       0.04       (0.21     (0.17     (0.16     (0.57           (0.73     10.29       (1.40     11,769       0.58       0.58       0.36       98  

R5

    11.27       0.07       (0.21     (0.14     (0.19     (0.57           (0.76     10.37       (1.06     5,037       0.28       0.28       0.67       98  
Hartford Moderate Allocation Fund  

For the Year Ended October 31, 2020

 

A

  $ 11.87     $ 0.16     $ 0.30     $ 0.46     $ (0.24   $ (0.18   $     $ (0.42   $ 11.91       3.87   $ 314,358       0.54     0.54     1.41     27

C

    11.72       0.08       0.28       0.36       (0.13     (0.18           (0.31     11.77       3.08       26,485       1.33       1.33       0.69       27  

I

    11.93       0.20       0.29       0.49       (0.27     (0.18           (0.45     11.97       4.15       9,115       0.25       0.25       1.70       27  

R3

    11.67       0.12       0.30       0.42       (0.19     (0.18           (0.37     11.72       3.58       13,491       0.87       0.87       1.08       27  

R4

    11.86       0.16       0.30       0.46       (0.20     (0.18           (0.38     11.94       3.90       3,503       0.53       0.53       1.38       27  

R5

    11.94       0.20       0.29       0.49       (0.27     (0.18           (0.45     11.98       4.14       5,520       0.28       0.28       1.74       27  

F

    11.93       0.20       0.31       0.51       (0.28     (0.18           (0.46     11.98       4.32       347       0.17       0.17       1.75       27  

For the Year Ended October 31, 2019

 

A

  $ 11.80     $ 0.28     $ 0.74     $ 1.02     $ (0.31   $ (0.64   $     $ (0.95   $ 11.87       9.72   $ 328,639       0.54     0.53     2.46     25

C

    11.54       0.20       0.74       0.94       (0.12     (0.64           (0.76     11.72       8.96       35,454       1.31       1.30       1.79       25  

I

    11.85       0.33       0.73       1.06       (0.34     (0.64           (0.98     11.93       10.08       9,817       0.25       0.25       2.85       25  

R3

    11.60       0.25       0.72       0.97       (0.26     (0.64           (0.90     11.67       9.38       14,880       0.87       0.87       2.19       25  

R4

    11.79       0.31       0.70       1.01       (0.30     (0.64           (0.94     11.86       9.65       3,325       0.58       0.58       2.73       25  

R5

    11.85       0.30       0.76       1.06       (0.33     (0.64           (0.97     11.94       10.11       5,788       0.26       0.26       2.63       25  

F

    11.86       0.21       0.85       1.06       (0.35     (0.64           (0.99     11.93       10.08       252       0.17       0.17       1.81       25  

For the Year Ended October 31, 2018

 

A

  $ 12.42     $ 0.30     $ (0.32   $ (0.02   $ (0.33   $ (0.27   $     $ (0.60   $ 11.80       (0.29 )%    $ 329,641       0.53     0.52     2.44     32

C

    12.16       0.21       (0.33     (0.12     (0.23     (0.27           (0.50     11.54       (1.08     46,067       1.28       1.28       1.74       32  

I

    12.48       0.31       (0.31           (0.36     (0.27           (0.63     11.85       (0.08     11,014       0.25       0.25       2.51       32  

R3

    12.23       0.26       (0.33     (0.07     (0.29     (0.27           (0.56     11.60       (0.72     17,865       0.87       0.87       2.15       32  

R4

    12.41       0.30       (0.33     (0.03     (0.32     (0.27           (0.59     11.79       (0.33     7,104       0.58       0.58       2.41       32  

R5

    12.48       0.33       (0.33           (0.36     (0.27           (0.63     11.85       (0.12     6,283       0.27       0.27       2.65       32  

F

    12.48       0.34       (0.32     0.02       (0.37     (0.27           (0.64     11.86       0.07       11       0.16       0.16       2.74       32  

For the Year Ended October 31, 2017

 

A

  $ 10.90     $ 0.10     $ 1.52     $ 1.62     $ (0.10   $     $     $ (0.10   $ 12.42       15.02   $ 333,803       0.52     0.51     0.89     14 %(14) 

C

    10.66       0.02       1.50       1.52       (0.02                 (0.02     12.16       14.25       96,532       1.26       1.25       0.17       14  

I

    10.95       0.13       1.54       1.67       (0.14                 (0.14     12.48       15.40       9,319       0.23       0.23       1.13       14  

R3

    10.73       0.06       1.51       1.57       (0.07                 (0.07     12.23       14.70       22,023       0.87       0.87       0.53       14  

R4

    10.89       0.09       1.53       1.62       (0.10                 (0.10     12.41       15.00       7,528       0.57       0.57       0.82       14  

R5

    10.95       0.13       1.54       1.67       (0.14                 (0.14     12.48       15.38       6,508       0.26       0.26       1.13       14  

F(5)

    11.48       0.06       0.94       1.00                               12.48       8.71 (6)      11       0.16 (7)      0.16 (7)      0.69 (7)      14  

 

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

 

 

  115  

 


Hartford Multi-Strategy Funds

Financial Highlights – (continued)

 

 

 

    — Selected Per-Share Data(1)     — Ratios and Supplemental Data —  

Class

  Net Asset
Value at
Beginning
of Period
    Net
Investment
Income
(Loss)
    Net
Realized
and
Unrealized
Gain (Loss)
on
Investments
    Total from
Investment
Operations
    Dividends
from Net
Investment
Income
    Distributions
from
Capital
Gains
    Returns
of
Capital
    Total
Dividends
and
Distributions
    Net
Asset
Value
at
End of
Period
    Total
Return(2)
    Net
Assets at
End of
Period
(000s)
    Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3)(4)
    Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3)(4)
    Ratio of
Net
Investment
Income
(Loss) to
Average
Net
Assets(4)
    Portfolio
Turnover
 
Hartford Moderate Allocation Fund – (continued)  

For the Year Ended October 31, 2016

 

A

  $   11.69     $   0.06     $   (0.07   $   (0.01   $   (0.05   $   (0.73   $   —     $   (0.78   $   10.90       0.14   $   354,058       0.55     0.55     0.57     81

B

    11.53       (0.03     (0.08     (0.11     (0.03     (0.73           (0.76     10.66       (0.83     4,395       1.47       1.46       (0.26     81  

C

    11.52       (0.02     (0.08     (0.10     (0.03     (0.73           (0.76     10.66       (0.70     110,316       1.28       1.28       (0.16     81  

I

    11.72       0.10       (0.08     0.02       (0.06     (0.73           (0.79     10.95       0.41       8,123       0.25       0.25       0.90       81  

R3

    11.55       0.02       (0.07     (0.05     (0.04     (0.73           (0.77     10.73       (0.22     22,354       0.88       0.88       0.21       81  

R4

    11.69       0.06       (0.08     (0.02     (0.05     (0.73           (0.78     10.89       0.03       7,884       0.58       0.58       0.52       81  

R5

    11.72       0.09       (0.07     0.02       (0.06     (0.73           (0.79     10.95       0.38       6,584       0.28       0.28       0.81       81  
Hartford Multi-Asset Income and Growth Fund  

For the Year Ended October 31, 2020

 

A

  $ 23.33     $ 0.67     $ (0.66   $ 0.01     $ (0.74   $ (2.99   $     $ (3.73   $ 19.61       (0.04 )%    $ 589,745       1.03     1.03     3.35     86 %(21) 

C

    23.36       0.53       (0.67     (0.14     (0.58     (2.99           (3.57     19.65       (0.83     77,719       1.75       1.75       2.63       86 (21) 

I

    23.32       0.74       (0.67     0.07       (0.82     (2.99           (3.81     19.58       0.19       98,762       0.70       0.70       3.67       86 (21) 

R3

    23.61       4.32       (4.37     (0.05     (0.68     (2.99           (3.67     19.89       (0.36     1,203       1.35       1.27       3.13       86 (21) 

R4

    23.67       0.38       (0.38     0.00 (18)      (0.73     (2.99           (3.72     19.95       (0.13     527       1.05       1.05       3.37       86 (21) 

R5

    23.67       0.26       (0.20     0.06       (0.80     (2.99           (3.79     19.94       0.18       141       0.75       0.75       3.66       86 (21) 

R6

    23.68       0.59       (0.50     0.09       (0.83     (2.99           (3.82     19.95       0.33       306       0.64       0.64       3.70       86 (21) 

Y

    23.69       0.75       (0.67     0.08       (0.82     (2.99           (3.81     19.96       0.23       10,812       0.74       0.70       3.66       86 (21) 

F

    23.31       0.75       (0.67     0.08       (0.83     (2.99           (3.82     19.57       0.26       83,111       0.64       0.64       3.74       86 (21) 

For the Year Ended October 31, 2019

 

A

  $ 23.62     $ 0.65     $ 1.23     $ 1.88     $ (0.77   $ (1.40   $     $ (2.17   $ 23.33       8.81   $ 666,684       1.02     1.01     2.85     83

C

    23.61       0.48       1.24       1.72       (0.57     (1.40           (1.97     23.36       8.08       106,874       1.73       1.73       2.11       83  

I

    23.61       0.75       1.21       1.96       (0.85     (1.40           (2.25     23.32       9.21       104,284       0.69       0.69       3.27       83  

R3

    23.86       0.59       1.25       1.84       (0.69     (1.40           (2.09     23.61       8.56       1,843       1.35       1.29       2.56       83  

R4

    23.91       0.59       1.32       1.91       (0.75     (1.40           (2.15     23.67       8.84       1,301       1.04       1.04       2.55       83  

R5

    23.94       0.80       1.17       1.97       (0.84     (1.40           (2.24     23.67       9.13       349       0.74       0.74       3.42       83  

R6

    23.95       0.70       1.30       2.00       (0.87     (1.40           (2.27     23.68       9.24       131       0.63       0.63       3.02       83  

Y

    23.95       0.74       1.25       1.99       (0.85     (1.40           (2.25     23.69       9.21       13,185       0.70       0.68       3.19       83  

F

    23.61       0.74       1.22       1.96       (0.86     (1.40           (2.26     23.31       9.29       97,529       0.62       0.62       3.23       83  

For the Year Ended October 31, 2018

 

A

  $ 23.53     $ 0.36     $ 0.05     $ 0.41     $ (0.32   $     $     $ (0.32   $ 23.62       1.76   $ 650,813       1.05     1.04     1.48     65

C

    23.53       0.19       0.04       0.23       (0.15                 (0.15     23.61       0.99       109,060       1.77       1.76       0.77       65  

I

    23.53       0.43       0.05       0.48       (0.40                 (0.40     23.61       2.05       56,280       0.73       0.73       1.79       65  

R3

    23.77       0.29       0.05       0.34       (0.25                 (0.25     23.86       1.45       1,794       1.38       1.33       1.19       65  

R4

    23.82       0.36       0.05       0.41       (0.32                 (0.32     23.91       1.73       2,669       1.07       1.06       1.44       65  

R5

    23.85       0.43       0.05       0.48       (0.39                 (0.39     23.94       2.03       134       0.78       0.76       1.75       65  

R6(15)

    24.62       0.27       (0.62 )(16)      (0.35     (0.32                 (0.32     23.95       (1.40 )(6)      1,586       0.63 (7)      0.63 (7)      1.65 (7)      65  

Y

    23.86       0.45       0.05       0.50       (0.41                 (0.41     23.95       2.10       15,367       0.70       0.70       1.82       65  

F

    23.52       0.45       0.06       0.51       (0.42                 (0.42     23.61       2.12       97,776       0.65       0.65       1.87       65  

For the Year Ended October 31, 2017

 

A

  $ 20.76     $ 0.31     $ 2.74     $ 3.05     $ (0.28   $     $     $ (0.28   $ 23.53       14.76   $ 628,048       1.11     1.10     1.37     34

C

    20.76       0.15       2.74       2.89       (0.12                 (0.12     23.53       13.95       168,686       1.82       1.81       0.67       34  

I

    20.76       0.36       2.74       3.10       (0.33                 (0.33     23.53       15.02       52,216       0.88       0.88       1.61       34  

R3

    20.97       0.25       2.76       3.01       (0.21                 (0.21     23.77       14.40       2,412       1.45       1.40       1.11       34  

R4

    21.02       0.30       2.78       3.08       (0.28                 (0.28     23.82       14.75       1,464       1.15       1.10       1.32       34  

R5

    21.04       0.38       2.77       3.15       (0.34                 (0.34     23.85       15.09       139       0.87       0.80       1.71       34  

Y

    21.05       0.38       2.79       3.17       (0.36                 (0.36     23.86       15.16       12,753       0.75       0.75       1.68       34  

F(5)

    22.21       0.20       1.39       1.59       (0.28                 (0.28     23.52       7.23 (6)      69,874       0.72 (7)      0.72 (7)      1.25 (7)      34  

 

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

 

 

  116  

 


Hartford Multi-Strategy Funds

Financial Highlights – (continued)

 

 

 

    — Selected Per-Share Data(1)     — Ratios and Supplemental Data —  

Class

  Net Asset
Value at
Beginning
of Period
    Net
Investment
Income
(Loss)
    Net
Realized
and
Unrealized
Gain (Loss)
on
Investments
    Total from
Investment
Operations
    Dividends
from Net
Investment
Income
    Distributions
from
Capital
Gains
    Returns
of
Capital
    Total
Dividends
and
Distributions
    Net
Asset
Value
at
End of
Period
    Total
Return(2)
    Net
Assets at
End of
Period
(000s)
    Ratio of
Expenses
to
Average
Net
Assets
Before
Adjust-
ments(3)(4)
    Ratio of
Expenses
to
Average
Net
Assets
After
Adjust-
ments(3)(4)
    Ratio of
Net
Investment
Income
(Loss) to
Average
Net
Assets(4)
    Portfolio
Turnover
 
Hartford Multi-Asset Income and Growth Fund – (continued)  

For the Year Ended October 31, 2016

 

A

  $   20.87     $   0.30     $   (0.01 )(16)    $ 0.29     $   (0.40   $   —     $   —     $   (0.40   $   20.76       1.43   $   601,415       1.15     1.15 %(17)      1.43     26

B

    20.78       0.12       (0.02 )(16)      0.10       (0.20                 (0.20     20.68       0.50       2,228       2.39       2.05 (17)      0.59       26  

C

    20.87       0.15       (18)      0.15       (0.26                 (0.26     20.76       0.74       161,160       1.85       1.85 (17)      0.73       26  

I

    20.86       0.33       0.04       0.37       (0.47                 (0.47     20.76       1.80       31,260       0.85       0.85 (17)      1.59       26  

R3

    21.09       0.24       0.01       0.25       (0.37                 (0.37     20.97       1.18       3,174       1.47       1.41 (17)      1.13       26  

R4

    21.13       0.31       (18)      0.31       (0.42                 (0.42     21.02       1.47       683       1.18       1.11 (17)      1.47       26  

R5

    21.14       0.36       0.02       0.38       (0.48                 (0.48     21.04       1.81       242       0.88       0.81 (17)      1.74       26  

Y

    21.15       0.39       (18)      0.39       (0.49                 (0.49     21.05       1.87       7,044       0.75       0.75 (17)      1.87       26  

 

(1)

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

(2)

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

(3)

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

(4)

Ratios do not include expenses of the Underlying Funds and/or ETFs/ETNs, if applicable.

(5)

Commenced operations on February 28, 2017.

(6)

Not annualized.

(7)

Annualized.

(8)

Excluding the expenses not subject to cap, the ratios would have been 0.95%, 0.99%, 1.68%, 0.69%, 1.24%, 0.94%, 0.69%, 0.61% and 0.61% for Class A, Class B, Class C, Class I, Class R3, Class R4, Class R5, Class R6 and Class Y, respectively.

(9)

Commenced operations on February 28, 2019.

(10)

Excluding the expenses not subject to cap, the ratios would have been 1.12%, 1.87%, 0.87%, 1.42%, 1.12%, 0.93% and 0.83% for Class A, Class C, Class I, Class R3, Class R4, Class R5 and Class Y, respectively.

(11)

Excludes transactions related to the change of investments of share classes from Class Y to Class F; including these transactions the portfolio turnover rate would have been 115%, for the year ended October 31, 2017.

(12)

Excluding the expenses not subject to cap, the ratios would have been 1.25%, 2.00%, 0.98%, 1.48%, 1.20%, 0.95% and 0.90% for Class A, Class C, Class I, Class R3, Class R4, Class R5 and Class Y, respectively.

(13)

Excludes transactions related to the change of investments of share classes from Class Y to Class F; including these transactions the portfolio turnover rate would have been 110%, for the year ended October 31, 2017.

(14)

Excludes transactions related to the change of investments of share classes from Class Y to Class F; including these transactions the portfolio turnover rate would have been 113%, for the year ended October 31, 2017.

(15)

Commenced operations on February 28, 2018.

(16)

Per share amount was not in accord with the net realized and unrealized gain (loss) for the period because of the timing of transactions in shares of the Fund and the amount and timing of per-share net realized and unrealized gain (loss) on such shares.

(17)

Excluding the expenses not subject to cap, the ratios would have been 1.14%, 2.04%, 1.84%, 0.84%, 1.40%, 1.10%, 0.80% and 0.74% for Class A, Class B, Class C, Class I, Class R3, Class R4, Class R5 and Class Y, respectively.

(18)

Per share amount is less than $0.005.

(19)

Portfolio turnover excludes TBA roll transactions. Had TBA roll transactions been included, the portfolio turnover rate would have been 204%.

(20)

Portfolio turnover excludes TBA roll transactions. Had TBA roll transactions been included, the portfolio turnover rate would have been 319%.

(21)

Portfolio turnover excludes TBA roll transactions. Had TBA roll transactions been included, the portfolio turnover rate would have been 91%.

 

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

 

 

  117  

 


Hartford Multi-Strategy Funds

Notes to Financial Statements

October 31, 2020

 

 

 

1.

Organization:

The Hartford Mutual Funds, Inc. (the “Company”) is an open-end registered management investment company comprised of thirty-six series, as of October 31, 2020. Financial statements for the series of the Company listed below (each a “Fund” and collectively, the “Funds”) are included in this report.

The Hartford Mutual Funds, Inc.:

The Hartford Balanced Income Fund (the “Balanced Income Fund”)

Hartford AARP Balanced Retirement Fund (the “Balanced Retirement Fund”)

The Hartford Checks and Balances Fund (the “Checks and Balances Fund”)

The Hartford Conservative Allocation Fund (the “Conservative Allocation Fund”)

The Hartford Global Real Asset Fund (the “Global Real Asset Fund”)

The Hartford Growth Allocation Fund (the “Growth Allocation Fund”)

Hartford Moderate Allocation Fund (the “Moderate Allocation Fund”)

Hartford Multi-Asset Income and Growth Fund (the “Multi-Asset Income and Growth Fund”)

The assets of each Fund are separate, and a shareholder’s interest is limited to the Fund in which shares are held. The Company is organized under the laws of the State of Maryland and is registered with the Securities and Exchange Commission (the “SEC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). Each Fund is a diversified open-end management investment company. Each Fund applies specialized accounting and reporting standards under Accounting Standards Codification Topic 946, “Financial Services – Investment Companies”.

Each Fund has registered for sale Class A, Class C, Class I, Class R3, Class R4, Class R5 and Class F shares. Balanced Income Fund, Balanced Retirement Fund, and Multi-Asset Income and Growth Fund have registered for sale Class R6 shares. Also, each Fund, except Checks and Balances Fund, Conservative Allocation Fund, Growth Allocation Fund and Moderate Allocation Fund, has registered for sale Class Y shares. Class A shares of each Fund, except Balanced Retirement Fund, are sold with a front-end sales charge of up to 5.50%. Balanced Retirement Fund’s Class A shares are sold with a front-end sales charge of up to 4.50%. Class C shares are sold with a contingent deferred sales charge of up to 1.00% on shares redeemed within twelve months of purchase. Effective October 1, 2018, Class C shares automatically convert to Class A shares of the same Fund after ten years provided that the Fund or the financial intermediary has records verifying that the Class C shares have been held for at least ten years. Classes I, R3, R4, R5, R6, Y and F shares do not have a sales charge. For more information, please see the Funds’ prospectus.

Each of the Balanced Retirement Fund, Checks and Balances Fund, Conservative Allocation Fund, Growth Allocation Fund and Moderate Allocation Fund invested in affiliated mutual funds and affiliated exchange-traded funds (“Affiliated Investment Companies” or “Underlying Funds”) during the year ended October 31, 2020.

Hartford Funds Management Company, LLC (“HFMC” or “Investment Manager”) serves as the investment manager to each Fund.

The Investment Manager and The Hartford Mutual Funds, Inc. have entered into a licensing arrangement with AARP, Inc. (“AARP”) under which AARP receives a royalty from the Investment Manager out of its own resources for licensing its brand to the Hartford AARP Balanced Retirement Fund. Hartford AARP Balanced Retirement Fund is managed by the Investment Manager, an investment adviser registered with the SEC, and distributed by Hartford Funds Distributors, LLC, a broker-dealer registered with the SEC and an affiliate of the Investment Manager. The Investment Manager and its affiliates are not affiliated with AARP and its affiliates. AARP and its affiliates are not broker-dealers or investment advisers and are not acting in any such capacity with respect to Hartford AARP Balanced Retirement Fund. AARP and its affiliates do not offer, recommend, or endorse the Investment Manager or any of its affiliates and are not making any recommendations regarding an investment in Hartford AARP Balanced Retirement Fund.

 

2.

Significant Accounting Policies:

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

 

  a)

Determination of Net Asset Value – The net asset value (“NAV”) of each class of each Fund’s shares is determined as of the close of regular trading on the New York Stock Exchange (the “Exchange”) (normally 4:00 p.m. Eastern Time) (the “NYSE Close”) on each day that the Exchange is open (“Valuation Date”). If the Exchange is closed due to weather or other extraordinary circumstances on a day it would typically be open for business, each Fund may treat such day as a typical business day and accept purchase and redemption orders and calculate each Fund’s NAV in accordance with applicable law. The NAV for each class of shares of each Fund is determined by dividing the value of the Fund’s net assets attributable to a class of shares by the number of shares outstanding for that class. Information that becomes known to the Funds after the NAV has been calculated on a particular day will not generally be used to retroactively adjust the NAV determined earlier that day.

 

 

  118  

 


Hartford Multi-Strategy Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

  b)

Investment Valuation and Fair Value MeasurementsFor purposes of calculating the NAV of each class of each Fund, portfolio securities and other assets held in a Fund’s portfolio for which market prices are readily available are valued at market value. Market value is generally determined on the basis of official close price or last reported trade price. If no trades were reported, market value is based on prices obtained from a quotation reporting system, established market makers (including evaluated prices), or independent pricing services. Pricing vendors may use matrix pricing or valuation models that utilize certain inputs and assumptions to derive values, including transaction data, credit quality information, general market conditions, news, and other factors and assumptions.

If market prices are not readily available or are deemed unreliable, a Fund will use the fair value of the security or other instrument as determined in good faith under policies and procedures established by and under the supervision of the Board of Directors of the Company (the “Board of Directors”) (“Valuation Procedures”). Market prices are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or broker quotes), including where events occur after the close of the relevant market, but prior to the NYSE Close, that materially affect the values of a Fund’s portfolio holdings or assets. In addition, market prices are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the securities or other instruments trade do not open for trading for the entire day and no other market prices are available. Fair value pricing is subjective in nature and the use of fair value pricing by a Fund may cause the NAV of its shares to differ significantly from the NAV that would have been calculated using market prices at the close of the exchange on which a portfolio holding is primarily traded. There can be no assurance that a Fund could obtain the fair value assigned to an investment if the Fund were to sell the investment at approximately the time at which the Fund determines its NAV.

Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close. Securities and other instruments that are primarily traded on foreign markets may trade on days that are not business days of the Funds. The value of the foreign securities or other instruments in which a Fund invests may change on days when a shareholder will not be able to purchase, redeem or exchange shares of the Fund.

Fixed income investments (other than short-term obligations) held by a Fund are normally valued at prices supplied by independent pricing services in accordance with the Valuation Procedures. Short-term investments maturing in 60 days or less are generally valued at amortized cost.

Exchange-traded derivatives, such as options, futures and options on futures, are valued at the last sale price determined by the exchange where such instruments principally trade as of the close of such exchange (“Exchange Close”). If a last sale price is not available, the value will be the mean of the most recently quoted bid and ask prices as of the Exchange Close. If a mean of the bid and ask prices cannot be calculated for the day, the value will be the most recently quoted bid price as of the Exchange Close. Over-the-counter derivatives are normally valued based on prices supplied by independent pricing services in accordance with the Valuation Procedures.

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

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

Investments in open-end mutual funds, if any, are valued at the respective NAV of each open-end mutual fund on the Valuation Date. Shares of investment companies listed and traded on an exchange are valued in the same manner as any exchange-listed equity security. Such open-end mutual funds and listed investment companies may use fair value pricing as disclosed in their prospectuses.

Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with the Valuation Procedures.

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

 

   

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

 

 

  119  

 


Hartford Multi-Strategy Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

   

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

   

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

The Board of Directors has delegated the day-to-day responsibility for implementing the Valuation Procedures to the Valuation Committee. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of such Fund’s sub-adviser, as applicable, knowledgeable brokers, and legal counsel in making such determination. The Valuation Committee reports to the Audit Committee of the Board of Directors.

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

For additional information, refer to the Fair Value Summary and the Level 3 roll-forward reconciliation, if applicable, which follows each Fund’s Schedule of Investments.

 

  c)

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

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

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

Please refer to Note 8 for Securities Lending information.

 

  d)

Taxes – A Fund may be subject to taxes imposed on realized gains on securities of certain foreign countries in which such Fund invests. A Fund may also be subject to taxes withheld on foreign dividends and interest from securities in which a Fund invests. The amount of any foreign taxes withheld and foreign tax expense is included on the accompanying Statements of Operations as a reduction to net investment income or net realized or unrealized gain on investments in these securities, if applicable.

 

  e)

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

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

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

 

 

  120  

 


Hartford Multi-Strategy Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

  f)

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

 

  g)

Fund Share Valuation and Dividend Distributions to Shareholders – Orders for each class of each Fund’s shares are executed in accordance with the investment instructions of the shareholders. The NAV of each class of each Fund’s shares is determined as of the close of business on each business day of the Exchange (see Note 2(a)). The NAV is determined separately for each class of shares of a Fund by dividing the Fund’s net assets attributable to that class by the number of shares of the class outstanding. Each class of shares offered by a Fund has equal rights as to assets and voting privileges (except that shareholders of a class have exclusive voting rights regarding any matter relating solely to that class of shares). Income and non-class specific expenses are allocated daily to each class on the basis of the relative net assets of the class of the Fund. Realized and unrealized gains and losses are allocated daily based on the relative net assets of each class of shares of each Fund.

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

Dividends are declared pursuant to a policy adopted by the Company’s Board of Directors. Dividends and/or distributions to shareholders are recorded on ex-date. The policy of each of Balanced Income Fund and Checks and Balances Fund is to pay dividends from net investment income, if any, quarterly and realized gains, if any, at least once a year. The policy of each of Conservative Allocation Fund, Global Real Asset Fund, Growth Allocation Fund and Moderate Allocation Fund is to pay dividends from net investment income and realized gains, if any; at least once a year. Normally, dividends from net investment income of each of Balanced Retirement Fund and Multi-Asset Income and Growth Fund are declared and paid monthly and dividends from realized gains, if any, are paid at least once a year.

Long-term capital gains distributions received from Underlying Funds, if applicable, are distributed at least annually, when required. Unless shareholders specify otherwise, all dividends and distributions from a Fund will be automatically reinvested in additional full or fractional shares of the Fund.

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

 

  h)

Basis for Consolidations – The Global Real Asset Fund may invest up to 25% of its total assets in a wholly-owned subsidiary of the Global Real Asset Fund (the “Subsidiary”). The Subsidiary is organized under the laws of the Cayman Islands and is consolidated in the Global Real Asset Fund’s financial statements. All intercompany balances, revenues, and expenses have been eliminated in consolidation. The Subsidiary acts as an investment vehicle in order to enter into certain investments (primarily commodities) for the Global Real Asset Fund consistent with the investment objectives and policies specified in the Prospectus and Statement of Additional Information.

 

3.

Securities and Other Investments:

 

  a)

Restricted Securities – Each Fund may invest in securities that are subject to legal or contractual restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are registered. Disposal of these securities may involve time-consuming negotiations and expense, and prompt sale at an acceptable price may be difficult. Information regarding restricted securities, if applicable, is included at the end of each Fund’s Schedule of Investments.

 

  b)

Investments Purchased on a When-Issued or Delayed-Delivery Basis – Delivery and payment for investments that have been purchased by a Fund on a forward commitment, or when-issued or delayed-delivery basis, take place beyond the customary settlement period. A Fund may dispose of or renegotiate a delayed-delivery transaction after it is entered into, and may sell delayed-delivery investments before they are delivered, which may result in a realized gain or loss. During this period, such investments are subject to market fluctuations, and a Fund identifies investments segregated in its records with a value at least equal to the amount of the commitment. See each Fund’s Schedule of Investments, if applicable, for when-issued or delayed-delivery investments as of October 31, 2020.

In connection with a Fund’s ability to purchase investments on a when-issued or forward commitment basis, the Fund may enter into to-be announced (“TBA”) commitments. TBA commitments are forward agreements for the purchase or sale of mortgage-backed securities for a fixed price, with payment and delivery on an agreed-upon future settlement date. The specific securities to be delivered are not identified at the trade date; however, delivered securities must meet specified terms, including issuer, rate and mortgage terms. Although a Fund may enter into TBA commitments with the intention of acquiring or delivering securities for its portfolio, the Fund can extend the settlement date, roll the transaction, or dispose of a commitment prior to settlement if deemed appropriate to do so. If the TBA commitment is closed through the acquisition of an offsetting TBA commitment, a Fund realizes a gain or loss. In a TBA roll transaction, a Fund generally purchases or sells the initial TBA commitment prior to the agreed upon settlement date and enters into a new TBA commitment for future delivery or receipt of the mortgage-backed securities. TBA commitments involve a risk of loss if the value of the security to be purchased or sold declines or increases, respectively, prior to settlement date. These transactions are excluded from a Fund’s portfolio turnover rate. See each Fund’s Schedule of Investments, if applicable, for TBA commitments as of October 31, 2020.

 

 

  121  

 


Hartford Multi-Strategy Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

  c)

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

Senior floating rate interests are typically rated below-investment-grade, which suggests they are more likely to default and generally pay higher interest rates than investment-grade loans. A default could lead to non-payment of income, which would result in a reduction of income to a Fund, and there can be no assurance that the liquidation of any collateral would satisfy the Borrower’s obligation in the event of non-payment of scheduled interest or principal payments, or that such collateral could be readily liquidated. See each Fund’s Schedule of Investments, if applicable, for outstanding senior floating rate interests as of October 31, 2020.

 

  d)

Inflation-Indexed Bonds – A Fund may invest in inflation-indexed bonds. Inflation-indexed bonds are fixed income investments whose principal value is periodically adjusted to the rate of inflation. The interest rate on these bonds is generally fixed at issuance at a rate lower than typical bonds. Over the life of an inflation-indexed bond, however, interest will be paid based on a principal value, which is adjusted for inflation. Any increase or decrease in the principal amount of an inflation-indexed bond will be included as interest income on the Statements of Operations, even though investors do not receive the principal amount until maturity. See each Fund’s Schedule of Investments, if applicable, for inflation-indexed bonds as of October 31, 2020.

 

  e)

Mortgage-Related and Other Asset-Backed Securities – A Fund may invest in mortgage-related and other asset-backed securities. These securities include mortgage pass-through securities, collateralized mortgage obligations, commercial mortgage-backed securities, stripped mortgage-backed securities, asset-backed securities, collateralized debt obligations and other securities that directly or indirectly represent a participation in, or are secured by and payable from, mortgage loans on real property. Mortgage-related securities are created from pools of residential or commercial mortgage loans, including mortgage loans made by savings and loan institutions, mortgage bankers, commercial banks and others. Asset-backed securities are created from many types of assets, including auto loans, credit card receivables, home equity loans, and student loans. These securities provide a monthly payment that consists of both interest and principal payments. Interest payments may be determined by fixed or adjustable rates. The rate of prepayments on underlying mortgages will affect the price and volatility of a mortgage-related security, and may have the effect of shortening or extending the effective duration of the security relative to what was anticipated at the time of purchase. The timely payment of principal and interest of certain mortgage-related securities is guaranteed by the full faith and credit of the United States Government. Mortgage-related and other asset-backed securities created and guaranteed by non-governmental issuers, including government-sponsored corporations, may be supported by various forms of insurance or guarantees, but there can be no assurance that the private insurers or guarantors can meet their obligations under the insurance policies or guarantee arrangements. See each Fund’s Schedule of Investments, if applicable, for mortgage-related and other asset-backed securities as of October 31, 2020.

 

  f)

Equity Linked Securities – Certain Funds may invest in equity linked securities, which usually convert into common stock at a date predetermined by the issuer. These securities generally offer a higher dividend yield than that of the common stock to which the security is linked. These instruments are issued by a company other than the one to which the security is linked and carry the credit of the issuer, not that of the underlying common stock. The securities’ appreciation is limited based on a predetermined final cap price at the date of the conversion. Risks of investing in these securities include, but are not limited to, a set time to capture the yield advantage, limited appreciation potential, decline in value of the underlying stock, and failure of the issuer to pay dividends or to deliver common stock at maturity. Since equity linked securities are in note form, equity linked securities are also subject to certain debt securities risks. Investments in equity linked securities are also subject to liquidity risk, which may make equity linked securities difficult to sell and value. See each Fund’s Schedule of Investments, if applicable, for equity linked securities as of October 31, 2020.

 

  g)

Repurchase Agreements – A repurchase agreement is an agreement between two parties whereby one party sells the other a security at a specified price with a commitment to repurchase the security later at an agreed-upon price, date and interest payment. Each Fund is permitted to enter into fully collateralized repurchase agreements. The Company’s Board of Directors has delegated to the sub-adviser, as applicable, the responsibility of evaluating the creditworthiness of the banks and securities dealers with which the Funds will engage in repurchase agreements. The sub-adviser will monitor such transactions to ensure that the value of underlying collateral will be at least equal to the total amount of the repurchase obligation as required by the valuation provision of the repurchase agreement, including the accrued interest. Repurchase agreements carry the risk that the market value of the securities declines below the repurchase price. A Fund could also lose money if it is unable to recover the securities and the value of any collateral held or assets segregated by the Fund to cover the transaction is less than the value of the securities. In the event the borrower commences bankruptcy proceedings, a court may characterize

 

 

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Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

  the transaction as a loan. If a Fund has not perfected a security interest in the underlying collateral, the Fund may be required to return the underlying collateral to the borrower’s estate and be treated as an unsecured creditor. As an unsecured creditor, the Fund could lose some or all of the principal and interest involved in the transaction. See each Fund’s Schedule of Investments, if applicable, for repurchase agreements as of October 31, 2020.

 

4.

Financial Derivative Instruments:

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

 

  a)

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

Foreign currency contracts involve elements of market risk in excess of the amounts reflected in the Statements of Assets and Liabilities. In addition, risks may arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of the contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar. Upon entering into a foreign currency contract, a Fund may be required to post margin equal to its outstanding exposure thereunder.

During the year ended October 31, 2020, each of Balanced Income Fund, Balanced Retirement Fund, Global Real Asset Fund and Multi-Asset Income and Growth Fund had used Foreign Currency Contracts.

 

  b)

Futures Contracts – A Fund may enter into futures contracts. A futures contract is an agreement between two parties to buy or sell an asset at a set price on a future date. A Fund may use futures contracts to manage risk or obtain exposure to the investment markets, commodities, or movements in interest rates and currency values. The primary risks associated with the use of futures contracts are the imperfect correlation between the change in market value of the investments held by a Fund and the prices of futures contracts and the possibility of an illiquid market. Upon entering into a futures contract, a Fund is required to deposit with a futures commission merchant (“FCM”) an amount of cash or U.S. Government or Agency Obligations in accordance with the initial margin requirements of the broker or exchange. Futures contracts are marked to market daily and an appropriate amount equal to the change in value (“variation margin”) is paid or received by a Fund. Gains or losses are recognized but not considered realized until the contracts expire or are closed. Futures contracts involve, to varying degrees, risk of loss in excess of the variation margin disclosed on the Statements of Assets and Liabilities.

During the year ended October 31, 2020, each of Balanced Income Fund, Balanced Retirement Fund, Global Real Asset Fund and Multi-Asset Income and Growth Fund had used Futures Contracts.

 

  c)

Options Contracts – An option contract is a contract sold by one party to another party that offers the buyer the right, but not the obligation, to buy (call) or sell (put) an investment or other financial asset at an agreed-upon price during a specific period of time or on a specific date. Option contracts are either over-the-counter (“OTC”) options or executed in a registered exchange (“exchange-traded options”). A Fund may write (sell) covered call and put options on futures, swaps (“swaptions”), securities, commodities or currencies. “Covered” means that so long as a Fund is obligated as the writer of an option, it will own either the underlying investments or currency or an option to purchase the same underlying investments or currency having an expiration date of the covered option and an exercise price equal to or less than the exercise price of the covered option, or will segregate or earmark cash or other liquid investments having, for written call options, a value equal to the greater of the exercise price or the market value of the underlying instrument and, for written put options, a value equal to the exercise price. Writing put options may increase a Fund’s exposure to the underlying instrument. Writing call options may decrease a Fund’s exposure to the underlying instrument. Premiums received from writing options that expire are treated as realized gains. Premiums received from writing options that are exercised or closed are added to the proceeds or offset amounts paid on the underlying futures, swaps, investments or currency transactions to determine the realized gain or loss. A Fund, as a writer of an option, has no control over whether the underlying instrument may be sold (call) or purchased (put) and as a result bears the market risk of an unfavorable change in the price of the instrument underlying the written option. There is the risk a Fund may not be able to enter into a closing transaction because of an illiquid market. A Fund may also purchase put and call options. Purchasing call options may increase a Fund’s exposure to the underlying instrument. Purchasing put options may decrease a Fund’s exposure to the underlying instrument. A Fund pays a premium, which is included on the Fund’s Statements of Assets and Liabilities as an investment and is subsequently marked to market to reflect the current value of the option. Premiums paid for purchasing options that expire are treated as realized losses. Certain options may be purchased with premiums to be

 

 

  123  

 


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Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

  determined on a future date. The premiums for these options are based upon implied volatility parameters at specified terms. The risk associated with purchasing put and call options is generally limited to the premium paid. Premiums paid for purchasing options that are exercised or closed are added to the amounts paid or offset against the proceeds on the underlying investment transaction to determine the realized gain or loss. Entering into OTC options also exposes a Fund to counterparty risk. Counterparty risk is the possibility that the counterparty to the agreements may default on its obligation to perform or disagree as to the meaning of the contractual terms in the agreements.

During the year ended October 31, 2020, each of Balanced Retirement Fund, Global Real Asset Fund and Multi-Asset Income and Growth Fund had used Options Contracts.

 

  d)

Swap Contracts – A Fund may invest in swap contracts. Swap contracts are agreements to exchange or swap investment cash flows, assets, foreign currencies or market-linked returns at specified future intervals. Swap contracts are either privately negotiated in the over-the-counter market (“OTC swaps”) or cleared through a central counterparty or derivatives clearing organization (“centrally cleared swaps”). A Fund may enter into credit default, total return, cross-currency, interest rate, inflation and other forms of swap contracts to manage its exposure to credit, currency, interest rate, commodity and inflation risk. Swap contracts are also used to gain exposure to certain markets. In connection with these contracts, investments or cash may be identified as collateral or margin in accordance with the terms of the respective swap contracts and/or master netting arrangement to provide assets of value and recourse in the event of default or bankruptcy/insolvency.

Swaps are valued in accordance with the Valuation Procedures. Changes in market value, if any, are reflected as a component of net changes in unrealized appreciation or depreciation on the Statements of Operations. Daily changes in valuation of centrally cleared swaps, if any, are recorded as a receivable or payable for the change in value (“variation margin”) on the Statements of Assets and Liabilities. Realized gains or losses on centrally cleared swaps are recorded upon the termination of the swaps. OTC swap payments received or paid at the beginning of the measurement period are reflected as such on the Statements of Assets and Liabilities and represent premiums paid or received upon entering into the swap contract to compensate for differences between the stated terms of the swap contract and prevailing market conditions (credit spreads, currency exchange rates, interest rates and other relevant factors). These upfront premiums are recorded as realized gains or losses on the Statements of Operations upon termination or maturity of the swap. A liquidation payment received or made at the termination or maturity of the swap is recorded as a realized gain or loss on the Statements of Operations. Net periodic payments received or paid by a Fund are included as part of realized gains or losses on the Statements of Operations.

Entering into these contracts involves, to varying degrees, elements of liquidation, counterparty, credit and market risk in excess of the amounts recognized on the Statements of Assets and Liabilities. Such risks involve the possibility that there will be no liquid market for these contracts, that the counterparty to the contracts may default on its obligation to perform or disagree as to the meaning of contractual terms in the contracts, and that there may be unfavorable changes in market conditions (credit spreads, currency exchange rates, interest rates and other relevant factors).

A Fund’s maximum risk of loss from counterparty risk for OTC swaps is the net value of the discounted cash flows to be received from the counterparty over the contract’s remaining life, and current market value, to the extent that amount is positive. The risk is mitigated by having a master netting arrangement between a Fund and the counterparty, which allows for the netting of payments made or received (although such amounts are presented on a gross basis within the Statements of Assets and Liabilities, as applicable) as well as the posting of collateral to a Fund to cover the Fund’s exposure to the counterparty. In a centrally cleared swap, while a Fund enters into an agreement with a clearing broker to execute contracts with a counterparty, the performance of the swap is guaranteed by the central clearinghouse, which reduces the Fund’s exposure to counterparty risk. However, the Fund is still exposed to a certain amount of counterparty risk through the clearing broker and clearinghouse. The clearinghouse attempts to minimize this risk to its participants through the use of mandatory margin requirements, daily cash settlements and other procedures. Likewise, the clearing broker reduces its risk through margin requirements and required segregation of customer balances.

Credit Default Swap Contracts – The credit default swap market allows a Fund to manage credit risk through buying and selling credit protection on a specific issuer, asset or basket of assets. Certain credit default swaps involve the exchange of a fixed rate premium for protection against the loss in value of an underlying investment or index in the event of a credit event, such as payment default or bankruptcy.

Under a credit default swap contract, one party acts as guarantor by receiving the fixed periodic payment in exchange for the commitment to purchase the underlying investment at par if the defined credit event occurs. Upon the occurrence of a defined credit event, the difference between the value of the reference obligation and the swap’s notional amount is recorded as realized gain or loss on swap transactions in the Statements of Operations. A “buyer” of credit protection agrees to pay a counterparty to assume the credit risk of an issuer upon the occurrence of certain events. The “seller” of the protection receives periodic payments and agrees to assume the credit risk of an issuer upon the occurrence of certain events. Although specified events are contract specific, credit events are generally defined as bankruptcy, failure to pay, restructuring, obligation acceleration, obligation default or repudiation/moratorium. A “seller’s” exposure is limited to the total notional amount of the credit default swap contract. These potential amounts would be partially offset by any recovery values of the respective referenced obligations or upfront payments received upon entering into the contract.

 

 

  124  

 


Hartford Multi-Strategy Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap contracts on corporate issues, sovereign government issues or U.S. municipal issues as of year-end are disclosed in the notes to the Schedules of Investments, as applicable, and serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and there may also be upfront payments required to be made to enter into the contract. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the contract. For credit default swap contracts on credit indices, the quoted market prices and resulting values serve as the indicator of the current status of the payment/performance risk. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the referenced equity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the contract.

During the year ended October 31, 2020, each of Balanced Income Fund, Balanced Retirement Fund, Global Real Asset Fund and Multi-Asset Income and Growth Fund had used Credit Default Swap Contracts.

Interest Rate Swap Contracts – Certain Funds are subject to interest rate risk exposure in the normal course of pursuing its investment objectives. A Fund may use interest rate swaps to hedge interest rate and duration risk across a portfolio at particular duration points to maintain its ability to generate income at prevailing market rates. In a typical interest rate swap, one party agrees to make regular payments equal to a floating interest rate, based on a specified interest rate or benchmark (e.g. London Interbank Offered Rate (“LIBOR”), multiplied by a notional amount, in return for payments equal to a fixed rate multiplied by the same amount, for a specific period of time. The net interest received or paid on interest rate swap contracts is recorded as a realized gain or loss. Interest rate swaps are marked to market daily and the change, if any, is recorded as an unrealized gain or loss in the Statements of Operations. When the interest rate swap contract is terminated early, a Fund records a realized gain or loss equal to the difference between the current market value and the upfront premium or cost.

If an interest rate swap contract provides for payments in different currencies, the parties might agree to exchange the notional amount as well. Interest rate swaps may also depend on other prices or rates, such as the value of an index. The risks of interest rate swaps include changes in market conditions, which will affect the value of the contract or the cash flows and the possible inability of the counterparty to fulfill its obligations under the contract. A Fund’s maximum risk of loss from counterparty credit risk is the discounted net value of the cash flows to be received from the counterparty over the contract’s remaining life, to the extent that amount is positive.

During the year ended October 31, 2020, each of Balanced Retirement Fund and Multi-Asset Income and Growth Fund had used Interest Rate Swap Contracts.

Total Return Swap Contracts – Certain Funds may invest in total return swap contracts in pursuit of the Fund’s investment objective or for hedging purposes. An investment in a total return swap allows a Fund to gain or mitigate exposure to underlying reference assets. Total return swap contracts involve commitments where cash flows are exchanged based on the price of underlying reference assets and based on a fixed or variable interest rate. One party receives payments based on the price appreciation or depreciation of the underlying reference asset, in exchange for paying to or receiving from the counterparty seller an agreed-upon interest rate. A variable interest rate may be correlated to a base rate, such as the LIBOR, and is adjusted each reset period, which is defined at the beginning of the contract. Therefore, if interest rates increase over the term of the swap contract, the party paying the rate may be required to pay a higher rate at each swap reset date.

Total return swap contracts on indices involve commitments to pay interest in exchange for a market-linked return. One party pays out the total return of a specific reference asset, which may be an equity, index, or bond, and in return receives a regular stream of payments. To the extent the total return of the security or index underlying the transaction exceeds or falls short of the offsetting interest rate obligation, a Fund will receive a payment from or make a payment to the counterparty. If the Fund is a payer in a total return swap, it may be subject to unlimited losses. They are also subject to counterparty risk. If the counterparty fails to meet its obligations, the Fund may lose money.

During the year ended October 31, 2020, each of Balanced Retirement Fund and Global Real Asset Fund had used Total Return Swap Contracts.

 

 

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Hartford Multi-Strategy Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

  e)

Additional Derivative Instrument Information:

Balanced Income Fund

The Effect of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2020:

 

     Risk Exposure Category  
     Interest Rate
Contracts
     Foreign
Currency
Contracts
     Credit
Contracts
     Equity
Contracts
     Commodity
Contracts
     Other
Contracts
     Total  

Assets:

 

Unrealized appreciation on futures contracts(1)

   $ 4,789,320      $      $      $      $      $      $ 4,789,320  

Unrealized appreciation on foreign currency contracts

            1,726,257                                    1,726,257  

Unrealized appreciation on swap contracts(2)

                   2,068,223                             2,068,223  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $     4,789,320      $     1,726,257      $     2,068,223      $     —      $     —      $     —      $     8,583,800  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Liabilities:

 

Unrealized depreciation on futures contracts(1)

   $ 3,405,634      $      $      $      $      $      $ 3,405,634  

Unrealized depreciation on foreign currency contracts

            437,910                                    437,910  

Unrealized depreciation on swap contracts(2)

                   962,893                             962,893  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 3,405,634      $ 437,910      $ 962,893      $      $      $      $ 4,806,437  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2020:

 

    Risk Exposure Category  
    Interest Rate
Contracts
    Foreign
Currency
Contracts
    Credit
Contracts
    Equity
Contracts
    Commodity
Contracts
    Other
Contracts
    Total  

Realized Gain (Loss) on Derivatives Recognized as a Result of Operations:

             

Net realized gain (loss) on futures contracts

  $ 6,166,386     $     $     $     $     $     $ 6,166,386  

Net realized gain (loss) on swap contracts

                (7,160,584                       (7,160,584

Net realized gain (loss) on foreign currency contracts

          (2,317,750                             (2,317,750
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $     6,166,386     $     (2,317,750)     $     (7,160,584)     $     —     $     —     $     —     $     (3,311,948)  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:

             

Net change in unrealized appreciation (depreciation) of futures contracts

  $ 6,984,104     $     $     $     $     $     $ 6,984,104  

Net change in unrealized appreciation (depreciation) of swap contracts

                2,540,879                         2,540,879  

Net change in unrealized appreciation (depreciation) of foreign currency contracts

          1,663,605                               1,663,605  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 6,984,104     $ 1,663,605     $ 2,540,879     $     $     $     $ 11,188,588  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

For the year ended October 31, 2020, the average monthly amount or number per contract outstanding for each derivative type was as follows:

 

Derivative Description

   Average Notional
Par, Contracts
or Face Amount
 

Futures Contracts Long at Number of Contracts

     4,151  

Futures Contracts Short at Number of Contracts

     (4,035

Swap Contracts at Notional Amount

   $     111,862,867  

Foreign Currency Contracts Purchased at Contract Amount

   $ 36,382,433  

Foreign Currency Contracts Sold at Contract Amount

   $ 98,767,116  

 

 

  126  

 


Hartford Multi-Strategy Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

Balanced Retirement Fund

The Effect of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2020:

 

     Risk Exposure Category  
     Interest Rate
Contracts
     Foreign
Currency
Contracts
     Credit
Contracts
     Equity
Contracts
     Commodity
Contracts
     Other
Contracts
     Total  

Assets:

 

Investments in securities, at value (purchased options), market value

   $      $      $      $ 692,437      $      $      $ 692,437  

Unrealized appreciation on futures contracts(1)

     27,810                                           27,810  

Unrealized appreciation on foreign currency contracts

            119,810                                    119,810  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $     27,810      $     119,810      $     —      $     692,437      $     —      $     —      $     840,057  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Liabilities:

 

Unrealized depreciation on futures contracts(1)

   $ 71,818      $      $      $      $      $      $ 71,818  

Unrealized depreciation on foreign currency contracts

            11,089                                    11,089  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 71,818      $ 11,089      $      $      $      $      $ 82,907  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2020:

 

     Risk Exposure Category  
     Interest Rate
Contracts
    Foreign
Currency
Contracts
    Credit
Contracts
    Equity
Contracts
    Commodity
Contracts
     Other
Contracts
     Total  

Realized Gain (Loss) on Derivatives Recognized as a Result of Operations:

                

Net realized gain (loss) on purchased options contracts

   $     $ (6,226   $     $ (105,911   $      $      $ (112,137

Net realized gain (loss) on futures contracts

     (842,136                 (166,413                   (1,008,549

Net realized gain (loss) on written options contracts

                       65,868                     65,868  

Net realized gain (loss) on swap contracts

     (35,648           (315,453                         (351,101

Net realized gain (loss) on foreign currency contracts

           125,867                                 125,867  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

    

 

 

 

Total

   $     (877,784   $     119,641     $     (315,453   $     (206,456   $     —      $     —      $     (1,280,052
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

    

 

 

 

Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:

                

Net change in unrealized appreciation (depreciation) of investments in purchased options contracts

   $     $ 1,622     $     $ (129,527   $      $      $ (127,905

Net change in unrealized appreciation (depreciation) of futures contracts

     (71,705                                     (71,705

Net change in unrealized appreciation (depreciation) of swap contracts

     54,954             (52,580                         2,374  

Net change in unrealized appreciation (depreciation) of bond forward contracts

     (58,183                                     (58,183

Net change in unrealized appreciation (depreciation) of foreign currency contracts

           186,208                                 186,208  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

    

 

 

 

Total

   $ (74,934   $ 187,830     $ (52,580   $ (129,527   $      $      $ (69,211
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

    

 

 

 

For the year ended October 31, 2020, the average monthly amount or number per contract outstanding for each derivative type was as follows:

 

Derivative Description

   Average Notional
Par, Contracts
or Face Amount
 

Purchased Options Contracts at Number of Contracts

     620,790  

Futures Contracts Long at Number of Contracts

     35  

Futures Contracts Short at Number of Contracts

     (112

Written Options Contracts at Number of Contracts

     (1,812,517

Swap Contracts at Notional Amount

   $ 71,637,575  

Foreign Currency Contracts Purchased at Contract Amount

   $ 9,528,978  

Foreign Currency Contracts Sold at Contract Amount

   $     28,232,213  

 

 

  127  

 


Hartford Multi-Strategy Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

Global Real Asset Fund (consolidated)

The Effect of Derivative Instruments on the (consolidated) Statement of Assets and Liabilities as of October 31, 2020:

 

     Risk Exposure Category  
     Interest Rate
Contracts
     Foreign
Currency
Contracts
     Credit
Contracts
     Equity
Contracts
     Commodity
Contracts
     Other
Contracts
     Total  

Assets:

 

Investments in securities, at value (purchased options), market value

   $      $      $      $      $ 11,640      $      $ 11,640  

Unrealized appreciation on futures contracts(1)

     101,531                             926,921               1,028,452  

Unrealized appreciation on foreign currency contracts

            281,352                                    281,352  

Unrealized appreciation on swap contracts(2)

                   22,784                             22,784  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $     101,531      $     281,352      $     22,784      $     —      $ 938,561      $      $ 1,344,228  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Liabilities:

 

Unrealized depreciation on futures contracts(1)

   $ 4,021      $      $      $      $ 1,036,934      $      $ 1,040,955  

Unrealized depreciation on bond forward contracts

     61,178                                           61,178  

Unrealized depreciation on foreign currency contracts

            92,962                                    92,962  

Written options, market value

                                 5,460               5,460  

Unrealized depreciation on swap contracts(2)

     10,238               14,555                             24,793  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 75,437      $ 92,962      $ 14,555      $      $     1,042,394      $     —      $     1,225,348  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

The Effect of Derivative Instruments on the (consolidated) Statement of Operations for the year ended October 31, 2020:

 

     Risk Exposure Category  
     Interest Rate
Contracts
    Foreign
Currency
Contracts
    Credit
Contracts
     Equity
Contracts
     Commodity
Contracts
    Other
Contracts
     Total  

Realized Gain (Loss) on Derivatives Recognized as a Result of Operations:

                 

Net realized gain (loss) on purchased options contracts

   $     $ (5,129   $      $      $ (6,249   $      $ (11,378

Net realized gain (loss) on futures contracts

         (1,333,581                         863,315              (470,266

Net realized gain (loss) on written options contracts

                               6,543              6,543  

Net realized gain (loss) on swap contracts

     127,452             64,974        8,809                     201,235  

Net realized gain (loss) on bond forward contracts

     1,111,069                                            1,111,069  

Net realized gain (loss) on foreign currency contracts

           31,552                                  31,552  
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

   

 

 

    

 

 

 

Total

   $ (95,060   $ 26,423     $ 64,974      $ 8,809      $     863,609     $      $ 868,755  
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

   

 

 

    

 

 

 

Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:

                 

Net change in unrealized appreciation (depreciation) of investments in purchased options contracts

   $     $ 1,336     $      $      $ 4,770     $      $ 6,106  

Net change in unrealized appreciation (depreciation) of futures contracts

     16,189                           29,794              45,983  

Net change in unrealized appreciation (depreciation) of written options contracts

                               1,534              1,534  

Net change in unrealized appreciation (depreciation) of swap contracts

     (10,238           79,213        8,181                     77,156  

Net change in unrealized appreciation (depreciation) of bond forward contracts

     (61,178                                      (61,178

Net change in unrealized appreciation (depreciation) of foreign currency contracts

           347,294                                  347,294  
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

   

 

 

    

 

 

 

Total

   $ (55,227   $     348,630     $     79,213      $     8,181      $ 36,098     $     —      $ 416,895  
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

   

 

 

    

 

 

 

For the year ended October 31, 2020, the average monthly amount or number per contract outstanding for each derivative type was as follows:

 

Derivative Description

   Average Notional
Par, Contracts
or Face Amount
 

Purchased Options Contracts at Number of Contracts

     439,333  

Futures Contracts Long at Number of Contracts

     426  

Futures Contracts Short at Number of Contracts

     (243

Written Options Contracts at Number of Contracts

     (1

Swap Contracts at Notional Amount

   $ 5,436,907  

Foreign Currency Contracts Purchased at Contract Amount

   $ 15,333,376  

Foreign Currency Contracts Sold at Contract Amount

   $     27,306,381  

Bond Forward Contracts at Contract Amount

   $ 9,680,996  

 

 

  128  

 


Hartford Multi-Strategy Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

Multi-Asset Income and Growth Fund

The Effect of Derivative Instruments on the Statement of Assets and Liabilities as of October 31, 2020:

 

     Risk Exposure Category  
     Interest Rate
Contracts
     Foreign
Currency
Contracts
     Credit
Contracts
     Equity
Contracts
     Commodity
Contracts
     Other
Contracts
     Total  

Assets:

 

Unrealized appreciation on futures contracts(1)

   $ 37,949      $      $      $      $      $      $ 37,949  

Unrealized appreciation on foreign currency contracts

            400,326                                    400,326  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 37,949      $     400,326      $     —      $     —      $     —      $     —      $     438,275  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Liabilities:

 

Unrealized depreciation on futures contracts(1)

   $ 119,708      $      $      $      $      $      $ 119,708  

Unrealized depreciation on foreign currency contracts

            10,290                                    10,290  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $     119,708      $ 10,290      $      $      $      $      $ 129,998  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

The Effect of Derivative Instruments on the Statement of Operations for the year ended October 31, 2020:

 

     Risk Exposure Category  
     Interest Rate
Contracts
    Foreign
Currency
Contracts
    Credit
Contracts
     Equity
Contracts
    Commodity
Contracts
     Other
Contracts
     Total  

Realized Gain (Loss) on Derivatives Recognized as a Result of Operations:

                 

Net realized gain (loss) on purchased options contracts

   $     $     $      $ 4,093,419     $      $      $ 4,093,419  

Net realized gain (loss) on futures contracts

     2,782,762                    (5,653,259                   (2,870,497

Net realized gain (loss) on written options contracts

                        (10,257,273                       (10,257,273)  

Net realized gain (loss) on swap contracts

     36,686             436,932                            473,618  

Net realized gain (loss) on foreign currency contracts

           (1,374,745                                (1,374,745
  

 

 

   

 

 

   

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Total

   $     2,819,448     $     (1,374,745   $     436,932      $     (11,817,113   $     —      $     —      $ (9,935,478
  

 

 

   

 

 

   

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:

                 

Net change in unrealized appreciation (depreciation) of futures contracts

   $ (50,243   $     $      $     $      $      $ (50,243

Net change in unrealized appreciation (depreciation) of swap contracts

     (7,625                                      (7,625

Net change in unrealized appreciation (depreciation) of foreign currency contracts

           747,921                                  747,921  
  

 

 

   

 

 

   

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Total

   $ (57,868   $ 747,921     $      $     $      $      $ 690,053  
  

 

 

   

 

 

   

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

For the year ended October 31, 2020, the average monthly amount or number per contract outstanding for each derivative type was as follows:

 

Derivative Description

   Average Notional
Par, Contracts
or Face Amount
 

Purchased Options Contracts at Number of Contracts

     18,775  

Futures Contracts Long at Number of Contracts

     147  

Futures Contracts Short at Number of Contracts

     (369

Written Options Contracts at Number of Contracts

     (147

Swap Contracts at Notional Amount

   $ 4,024,417  

Foreign Currency Contracts Purchased at Contract Amount

   $ 934,308  

Foreign Currency Contracts Sold at Contract Amount

   $     28,133,295  

 

  (1) 

Amount represents the cumulative appreciation and depreciation on futures contracts as disclosed within the Schedule of Investments under the open “Futures Contracts” section. Only current day’s variation margin, if any, is reported within the Statement of Assets and Liabilities.

  (2) 

Amount represents the cumulative appreciation and depreciation on centrally cleared swaps, if applicable, as disclosed within the Schedule of Investments. Only the current day’s variation margin, if any, are reported within the Statements of Assets and Liabilities. OTC swaps are reported within the Statement of Assets and Liabilities within Unrealized appreciation and depreciation on OTC swap contracts, if applicable.

 

  f)

Balance Sheet Offsetting Information – Set forth below are tables which disclose both gross information and net information about instruments and transactions eligible for offset in the financial statements, and instruments and transactions that are subject to a master netting arrangement, as well as amounts related to margin, reflected as financial collateral (including cash collateral), held at clearing brokers, counterparties and a Fund’s custodian. The master netting arrangements allow the clearing brokers to net any collateral held in or

 

 

  129  

 


Hartford Multi-Strategy Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

  on behalf of a Fund, or liabilities or payment obligations of the clearing brokers to a Fund, against any liabilities or payment obligations of a Fund to the clearing brokers. A Fund is required to deposit financial collateral (including cash collateral) at the Fund’s custodian on behalf of clearing brokers and counterparties to continually meet the original and maintenance requirements established by the clearing brokers and counterparties. Such requirements are specific to the respective clearing broker or counterparty. Certain master netting arrangements may not be enforceable in a bankruptcy.

The following tables present a Fund’s derivative assets and liabilities, presented on a gross basis as no amounts are netted within the Statements of Assets and Liabilities, by counterparty net of amounts available for offset under a master netting agreement or similar agreement (“MNA”) and net of the related collateral received/pledged by a Fund as of October 31, 2020:

Balanced Income Fund

 

Derivative Financial Instruments:

   Assets     Liabilities  

Foreign currency contracts

   $ 1,726,257     $ (437,910

Futures contracts

     4,789,320       (3,405,634

Swap contracts

     2,068,223       (962,893
  

 

 

   

 

 

 

Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities

     8,583,800           (4,806,437
  

 

 

   

 

 

 

Derivatives not subject to a MNA

         (6,808,958     3,590,965  
  

 

 

   

 

 

 

Total gross amount of assets and liabilities subject to MNA or similar agreements

   $ 1,774,842     $ (1,215,472
  

 

 

   

 

 

 

 

Counterparty

   Gross Amount
of Assets
    Financial
Instruments
and Derivatives
Available
for Offset
    Non-cash
Collateral
Received*
     Cash
Collateral
Received*
     Net Amount
of Assets
 

Barclays

   $ 88,021     $ (4,223   $      $      $ 83,798  

BNP Paribas Securities Services

     138,554       (21,410                   117,144  

Canadian Imperial Bank of Commerce

     371                           371  

Citibank NA

     231,522       (231,522                    

Goldman Sachs & Co.

     41,926       (12,333                   29,593  

HSBC Bank USA

     1,156,742       (414,338                   742,404  

JP Morgan Chase & Co.

     40,348       (40,348                    

Morgan Stanley

     27,587       (27,587                    

Standard Chartered Bank

     21,747                           21,747  

State Street Global Markets LLC

     11,491       (11,491                    

UBS AG

     16,533       (16,533                    
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

 

Total

   $     1,774,842     $     (779,785   $     —      $     —      $     995,057  
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

 

Counterparty

   Gross Amount
of Liabilities
    Financial
Instruments
and Derivatives
Available
for Offset
    Non-cash
Collateral
Pledged*
     Cash
Collateral
Pledged*
     Net Amount
of Liabilities
 

Barclays

   $ (4,223   $ 4,223     $      $      $  

BNP Paribas Securities Services

     (21,410     21,410                      

Citibank NA

     (281,442     231,522                     (49,920

Goldman Sachs & Co.

     (12,333     12,333                      

HSBC Bank USA

     (414,338     414,338                      

JP Morgan Chase & Co.

     (248,994     40,348                     (208,646

Morgan Stanley

     (160,538     27,587                     (132,951

State Street Global Markets LLC

     (13,609     11,491                     (2,118

UBS AG

     (58,585     16,533                     (42,052
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

 

Total

   $     (1,215,472   $     779,785     $     —      $     —      $     (435,687
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

 

Balanced Retirement Fund

 

Derivative Financial Instruments:

   Assets     Liabilities  

Foreign currency contracts

   $ 119,810     $ (11,089

Futures contracts

     27,810       (71,818

Purchased options

     692,437        
  

 

 

   

 

 

 

Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities

     840,057       (82,907
  

 

 

   

 

 

 

Derivatives not subject to a MNA

         (720,247     71,818  
  

 

 

   

 

 

 

Total gross amount of assets and liabilities subject to MNA or similar agreements

   $ 119,810     $     (11,089
  

 

 

   

 

 

 

 

 

 

  130  

 


Hartford Multi-Strategy Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

Balanced Retirement Fund – (continued)

 

Counterparty

   Gross Amount
of Assets
    Financial
Instruments
and Derivatives
Available
for Offset
     Non-cash
Collateral
Received*
     Cash
Collateral
Received*
     Net Amount
of Assets
 

Barclays

   $ 20,297     $      $      $      $ 20,297  

Citibank NA

     99,513                            99,513  
  

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $     119,810     $      $      $      $ 119,810  
  

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

Counterparty

   Gross Amount
of Liabilities
    Financial
Instruments
and Derivatives
Available
for Offset
     Non-cash
Collateral
Pledged*
     Cash
Collateral
Pledged*
     Net Amount
of Liabilities
 

JP Morgan Chase & Co.

   $ (11,089   $     —      $     —      $     —      $     (11,089
  

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

Global Real Asset Fund (consolidated)

 

Derivative Financial Instruments:

   Assets     Liabilities  

Bond forward contracts

   $     $ (61,178

Foreign currency contracts

     281,352       (92,962

Futures contracts

     1,028,452       (1,040,955

Purchased options

     11,640        

Swap contracts

     22,784       (24,793

Written options

           (5,460
  

 

 

   

 

 

 

Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities

     1,344,228           (1,225,348
  

 

 

   

 

 

 

Derivatives not subject to a MNA

         (1,040,092     1,046,415  
  

 

 

   

 

 

 

Total gross amount of assets and liabilities subject to MNA or similar agreements

   $ 304,136     $ (178,933
  

 

 

   

 

 

 

 

Counterparty

   Gross Amount
of Assets
    Financial
Instruments
and Derivatives
Available
for Offset
    Non-cash
Collateral
Received*
     Cash
Collateral
Received*
     Net Amount
of Assets
 

Banc of America Securities LLC

   $ 1,910     $ (1,910   $      $      $  

Canadian Imperial Bank of Commerce

     2,301       (392                   1,909  

Citibank NA

     171,317                           171,317  

Deutsche Bank Securities, Inc.

     1,038                           1,038  

Goldman Sachs & Co.

     23,900       (23,900                    

JP Morgan Chase & Co.

     26,664       (26,664                    

Morgan Stanley

     3,365       (3,365                    

State Street Global Markets LLC

     73,641                           73,641  
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

 

Total

   $ 304,136     $     (56,231   $      $      $ 247,905  
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

 

Counterparty

   Gross Amount
of Liabilities
    Financial
Instruments
and Derivatives
Available
for Offset
    Non-cash
Collateral
Pledged*
     Cash
Collateral
Pledged*
     Net Amount
of Liabilities
 

Banc of America Securities LLC

   $ (61,178   $ 1,910     $      $      $ (59,268

Barclays

     (3,391                         (3,391

BNP Paribas Securities Services

     (5,083                         (5,083

Canadian Imperial Bank of Commerce

     (392     392                      

Goldman Sachs & Co.

     (57,828     23,900                     (33,928

HSBC Bank USA

     (2,664                         (2,664

JP Morgan Chase & Co.

     (32,658     26,664                     (5,994

Morgan Stanley

     (15,739     3,365                     (12,374
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

 

Total

   $     (178,933   $ 56,231     $     —      $     —      $     (122,702
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

 

 

 

  131  

 


Hartford Multi-Strategy Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

Multi-Asset Income and Growth Fund

 

Derivative Financial Instruments:

   Assets     Liabilities  

Foreign currency contracts

   $ 400,326     $ (10,290

Futures contracts

     37,949       (119,708
  

 

 

   

 

 

 

Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities

     438,275           (129,998
  

 

 

   

 

 

 

Derivatives not subject to a MNA

     (37,949     119,708  
  

 

 

   

 

 

 

Total gross amount of assets and liabilities subject to MNA or similar agreements

   $     400,326     $ (10,290
  

 

 

   

 

 

 

 

Counterparty

   Gross Amount
of Assets
    Financial
Instruments
and Derivatives
Available
for Offset
     Non-cash
Collateral
Received*
     Cash
Collateral
Received*
     Net Amount
of Assets
 

Citibank NA

   $ 159,991     $      $      $      $ 159,991  

Credit Suisse First Boston Corp.

     240,335                            240,335  
  

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $     400,326     $     —      $     —      $     —      $     400,326  
  

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

Counterparty

   Gross Amount
of Liabilities
    Financial
Instruments
and Derivatives
Available
for Offset
     Non-cash
Collateral
Pledged*
     Cash
Collateral
Pledged*
     Net Amount
of Liabilities
 

UBS AG

   $ (10,290   $      $      $      $ (10,290
  

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

 

  *

In some instances, the actual collateral received and/or pledged may be more than the amount shown.

 

5.

Principal Risks:

A Fund’s investments expose it to various types of risks associated with financial instruments and the markets. A Fund may be exposed to the risks described below. Each Fund’s prospectus provides details of its principal risks.

The market values of equity securities, such as common stocks and preferred stocks, or equity related derivative investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. Equity securities and equity related investments generally have greater market price volatility than fixed income securities. The extent of each Fund’s exposure to market risk is the market value of the investments held as shown in the Fund’s schedule of investments.

A widespread health crisis, such as a global pandemic, could cause substantial market volatility, exchange trading suspensions or restrictions and closures of securities exchanges and businesses, impact the ability to complete redemptions, and adversely impact Fund performance. The current ongoing outbreak of COVID-19, a respiratory disease caused by a novel coronavirus, has negatively affected the worldwide economy, the financial health of individual companies and the market in significant and unforeseen ways. The future impact of the ongoing COVID-19 pandemic remains unclear. The effects to public health, business and market conditions resulting from COVID-19 pandemic may have a significant negative impact on the performance of a Fund’s investments, including exacerbating other pre-existing political, social and economic risks.

Certain Funds are exposed to the risks of the Underlying Funds and/or other investment companies in direct proportion to the amount of assets those Funds allocate to each Underlying Fund and/or other investment companies. The market values of the Underlying Funds and/or other investment companies may decline due to general market conditions which are not specifically related to a particular company in which the Underlying Fund and/or other investment companies invested, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The market value of equity securities in which the Underlying Funds and/or other investment companies invest may also decline due to factors which affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry.

Certain investments held by a Fund expose the Fund to various risks which may include, but are not limited to, interest rate, prepayment, and extension risks. Interest rate risk is the risk that fixed income securities will decline in value because of changes in interest rates. As nominal interest rates rise, the values of certain fixed income securities held by a Fund are likely to decrease. A nominal interest rate can be described as the sum of a real interest rate and an expected inflation rate. Fixed income securities with longer durations tend to be more sensitive to changes in interest rates, usually making them more volatile than securities with shorter durations. Duration is useful primarily as a measure of the sensitivity of a fixed income security’s market price to interest rate (i.e., yield) movements. Senior floating rate interests and securities subject to prepayment and extension risk generally offer less potential for gains when interest rates decline. Rising interest rates may cause prepayments to

 

 

  132  

 


Hartford Multi-Strategy Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

occur at a slower than expected rate, thereby effectively lengthening the maturity of the security and making the security more sensitive to interest rate changes. Prepayment and extension risk are major risks of mortgage backed securities, senior floating rate interests and certain asset backed securities. For certain asset backed securities, the actual maturity may be less than the stated maturity shown in the Schedule of Investments, if applicable. As a result, the timing of income recognition relating to these securities may vary based upon the actual maturity.

Investing in the securities of non-U.S. issuers, whether directly or indirectly, involves certain considerations and risks not typically associated with securities of U.S. issuers. Such risks include, but are not limited to: generally less liquid and less efficient securities markets; generally greater price volatility; exchange rate fluctuations; imposition of restrictions on the expatriation of funds or other protectionist measures; less publicly available information about issuers; the imposition of withholding or other taxes; higher transaction and custody costs; settlement delays and risk of loss attendant in settlement procedures; difficulties in enforcing contractual obligations; less regulation of securities markets; different accounting, disclosure and reporting requirements; more substantial governmental involvement in the economy; higher inflation rates; and greater social, economic and political uncertainties. Non-U.S. issuers may also be affected by political, social, economic or diplomatic developments in a foreign country or region or the U.S. (including the imposition of sanctions, tariffs, or other governmental restrictions). These risks are heightened for investments in issuers from countries with less developed markets.

Securities lending involves the risk that a Fund may lose money because the borrower of the loaned securities fails to return the securities in a timely manner or at all. A Fund could also lose money in the event of a decline in the value of the collateral provided for the loaned securities or a decline in the value of any investments made with cash collateral. These events could also trigger adverse tax consequences for a Fund that lends its holdings.

Credit risk depends largely on the perceived financial health of bond issuers. In general, the credit rating is inversely related to the credit risk of the issuer. Higher rated bonds generally are deemed to have less credit risk, while lower or unrated bonds are deemed to have higher risk of default. The share price, yield and total return of a fund that holds securities with higher credit risk may be more volatile than those of a fund that holds bonds with lower credit risk. A Fund may be exposed to counterparty risk, or the risk that an institution or other entity with which a Fund has unsettled or open transactions will default.

The Funds may invest in certain debt securities, derivatives or other financial instruments that utilize the London Interbank Offered Rate (“LIBOR”) as a “benchmark” or “reference rate” for various interest rate calculations. The use of LIBOR is expected to be phased out by the end of 2021. There remains uncertainty regarding the future use of LIBOR and the nature of any replacement rate. As such, the potential effect of a transition away from LIBOR on a Fund or the LIBOR-based instruments in which the Fund invests cannot yet be determined. The transition process away from LIBOR may involve, among other things, increased volatility or illiquidity in markets for instruments that currently rely on LIBOR. The transition process may also result in a reduction in the value of certain instruments held by a Fund or reduce the effectiveness of related Fund transactions, such as hedges. Volatility, the potential reduction in value, and/or the hedge effectiveness of financial instruments may be heightened for financial instruments that do not include fallback provisions that address the cessation of LIBOR. Any potential effects of the transition away from LIBOR on the Fund or on financial instruments in which a Fund invests, as well as other unforeseen effects, could result in losses to the Fund. Since the usefulness of LIBOR as a benchmark or reference rate could deteriorate during the transition period, these effects could occur prior to and/or subsequent to the end of 2021.

 

6.

Federal Income Taxes:

 

  a)

Each Fund intends to continue to qualify as a Regulated Investment Company (“RIC”) under Subchapter M of the Internal Revenue Code (“IRC”) by distributing substantially all of its taxable net investment income and net realized capital gains to its shareholders each year. Each Fund has distributed substantially all of its income and capital gains in prior years, if applicable, and intends to distribute substantially all of its income and capital gains during the calendar year ending December 31, 2020. Accordingly, no provision for federal income or excise taxes has been made in the accompanying financial statements. Distributions from short-term capital gains are treated as ordinary income distributions for federal income tax purposes.

 

  b)

Net Investment Income (Loss), Net Realized Gains (Losses) and Distributions – Net investment income (loss) and net realized gains (losses) may differ for financial statement and tax purposes primarily because of losses deferred due to wash sale adjustments, foreign currency gains and losses, adjustments related to Passive Foreign Investment Companies (“PFICs”), Real Estate Investment Trusts (“REITs”), RICs, certain derivatives and partnerships. The character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividend distributions, the fiscal year in which amounts are distributed may differ from the year that the income or realized gains (losses) were recorded by each Fund.

 

 

  133  

 


Hartford Multi-Strategy Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

  c)

Distributions and Components of Distributable Earnings – The tax character of distributions paid by each Fund for the years ended October 31, 2020 and October 31, 2019 are as follows:

 

     For the Year Ended
October 31, 2020
     For the Year Ended
October 31, 2019
 

Fund

   Ordinary
Income
     Long-Term
Capital Gains(1)
     Ordinary
Income
     Long-Term
Capital Gains(1)
 

Balanced Income Fund

   $     350,387,313      $ 73,124,344      $     319,437,923      $     439,747,597  

Balanced Retirement Fund

     2,487,299               4,739,517         

Checks and Balances Fund

     35,733,653        74,726,516        58,127,891        85,025,352  

Conservative Allocation Fund

     3,130,697               3,501,317         

Global Real Asset Fund (consolidated)

     7,719,681               6,645,823         

Growth Allocation Fund

     8,969,680        16,873,439        20,530,171         

Moderate Allocation Fund

     7,649,611        5,883,189        16,905,106        15,992,408  

Multi-Asset Income and Growth Fund

     33,631,516            125,049,094        32,142,046        55,281,441  

 

  (1) 

The Funds designate these distributions as long-term capital gains pursuant to IRC Sec 852(b)(3)(c).

As of October 31, 2020, the components of total accumulated earnings (deficit) for each Fund on a tax basis are as follows:

 

Fund

   Undistributed
Ordinary
Income
     Undistributed
Long-Term
Capital Gain
     Accumulated
Capital and
Other Losses
    Other
Temporary
Differences
    Unrealized
Appreciation
(Depreciation)
on Investments
    Total
Accumulated
Earnings
(Deficit)
 

Balanced Income Fund

   $     48,776,367      $     44,416,244      $     $     (3,662,067   $     1,064,660,913     $     1,154,191,457  

Balanced Retirement Fund

     331,727               (28,034,855     (65,692     (482,850     (28,251,670

Checks and Balances Fund

     10,626,159        39,519,416                    46,290,880       96,436,455  

Conservative Allocation Fund

     677,185               (713,854           3,811,805       3,775,136  

Global Real Asset Fund (consolidated)

     4,435,392                   (122,084,219           (4,372,382     (122,021,209

Growth Allocation Fund

     5,425,552        15,853,003                    29,400,663       50,679,218  

Moderate Allocation Fund

     1,698,260        8,820,648                    16,826,164       27,345,072  

Multi-Asset Income and Growth Fund

     254,262               (14,314,981     (371,023     17,962,230       3,530,488  

 

  d)

Reclassification of Capital Accounts – The Funds may record reclassifications in their capital accounts. These reclassifications have no impact on the total net assets of the Funds. The reclassifications are a result of permanent differences between U.S. GAAP and tax accounting for such items as non-deductible expenses from partnership investments, adjustments to prior year accumulated balances and book income/loss from Cayman subsidiary. Adjustments are made to reflect the impact these items have on current and future distributions to shareholders. Therefore, the source of the Funds’ distributions may be shown in the accompanying Statements of Changes in Net Assets as from distributable earnings or from capital depending on the type of book and tax differences that exist. For the year ended October 31, 2020, the Funds recorded reclassifications to increase (decrease) the accounts listed below:

 

Fund

   Capital Stock and
Paid-in-Capital
    Distributable
Earnings (Loss)
 

Balanced Retirement Fund

   $     (509,793   $     509,793  

Global Real Asset Fund (consolidated)

     (91,853     91,853  

Multi-Asset Income and Growth Fund

     (2,598     2,598  

 

  e)

Tax Basis of Investments – The aggregate cost of investments for federal income tax purposes at October 31, 2020 is different from book purposes primarily due to wash sale loss deferrals and passive foreign investment company (PFIC) mark-to-market adjustments, partnership adjustments and non-taxable distributions from underlying investments. The net unrealized appreciation/(depreciation) on investments for tax purposes, which consists of gross unrealized appreciation and depreciation, was also different from book purposes primarily due to wash sale loss deferrals and mark-to-market adjustments on swaps, forwards, futures, options, PFICs, partnership adjustments and nontaxable distributions from underlying investments. Both the cost and unrealized appreciation and depreciation for federal income tax purposes are disclosed below:

 

Fund

   Tax Cost      Gross Unrealized
Appreciation
     Gross Unrealized
(Depreciation)
    Net Unrealized
Appreciation
(Depreciation)
 

Balanced Income Fund

   $     12,148,429,304      $     1,341,611,648      $     (277,474,439   $     1,064,137,209  

Balanced Retirement Fund

     110,367,398        3,051,154        (3,526,438     (475,284

Checks and Balances Fund

     1,420,839,675        52,222,658        (5,931,778     46,290,880  

Conservative Allocation Fund

     124,858,078        4,964,161        (1,152,356     3,811,805  

Global Real Asset Fund (consolidated)

     147,115,234        12,710,769        (16,244,563     (3,533,794

Growth Allocation Fund

     522,755,062        51,246,952        (21,846,289     29,400,663  

Moderate Allocation Fund

     355,992,282        26,770,915        (9,944,751     16,826,164  

Multi-Asset Income and Growth Fund

     853,915,047        43,048,459        (25,098,318     17,950,141  

 

  f)

Capital Loss Carryforward – Under the Regulated Investment Company Modernization Act of 2010, funds are permitted to carry forward capital losses for an unlimited period of time.

 

 

  134  

 


Hartford Multi-Strategy Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

At October 31, 2020 (tax year end), each Fund’s capital loss carryforwards for U.S. federal income tax purposes were as follows:

 

Fund

   Short-Term
Capital Loss
Carryforward with
No Expiration
    Long-Term
Capital Loss
Carryforward with
No Expiration
 

Balanced Retirement Fund

   $     21,652,094   $ 6,382,761

Conservative Allocation Fund

           713,854  

Global Real Asset Fund (consolidated)

     22,334,435           99,749,784  

Multi-Asset Income and Growth Fund

     14,314,981        

 

  *

Future utilization of losses are subject to limitations under current tax laws

The Balanced Income Fund, Checks and Balances Fund, Growth Allocation Fund, and Moderate Allocation Fund had no capital loss carryforwards for U.S. income tax purposes at October 31, 2020.

During the year ended October 31, 2020 Conservative Allocation Fund utilized $3,245,671 of prior capital loss carryforwards.

 

  g)

Accounting for Uncertainty in Income Taxes – Pursuant to provisions set forth by U.S. GAAP, Hartford Funds Management Company, LLC (“HFMC”) reviews each Fund’s tax positions for all open tax years. As of October 31, 2020, HFMC had reviewed the open tax years and concluded that there was no reason to record a liability for net unrecognized tax obligations relating to uncertain income tax positions. Each Fund files U.S. tax returns. Although the statute of limitations for examining a Fund’s U.S. tax returns remains open for 3 years, no examination is currently in progress. The Funds recognize interest and penalties, if any, related to unrecognized tax benefits as income tax expense on the Statements of Operations. During the year ended October 31, 2020, the Funds did not incur any interest or penalties. HFMC is not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax obligations will significantly change in the next twelve months.

 

7.

Expenses:

 

  a)

Investment Management Agreement – HFMC serves as each Fund’s investment manager pursuant to an Investment Management Agreement with the Company. HFMC is an indirect subsidiary of The Hartford Financial Services Group, Inc. (“The Hartford”). HFMC has overall investment supervisory responsibility for each Fund. In addition, HFMC provides administrative personnel, services, equipment, facilities and office space for proper operation of each Fund. HFMC has contracted with Wellington Management Company LLP (“Wellington Management”) under a sub-advisory agreement and Wellington Management performs the daily investment of the assets of each Fund, except Checks and Balances Fund, Conservative Allocation Fund, Growth Allocation Fund and Moderate Allocation Fund, in accordance with the Fund’s investment objective and policies. Each Fund, except Checks and Balances Fund, pays a fee to HFMC under the Investment Management Agreement. With respect to each of Balanced Income Fund, Balanced Retirement Fund, Global Real Asset Fund and Multi-Asset Income and Growth Fund, HFMC pays a sub-advisory fee to Wellington Management out of its advisory fee. HFMC is responsible for the day-to-day management of Checks and Balances Fund, Conservative Allocation Fund, Growth Allocation Fund and Moderate Allocation Fund.

The schedule below reflects the rates of compensation paid to HFMC for investment management services rendered as of October 31, 2020; the rates are accrued daily and paid monthly based on each Fund’s average daily net assets, at the following annual rates:

 

Fund

  

Management Fee Rates

Balanced Income Fund

  

0.7000% on first $250 million and;

  

0.6300% on next $250 million and;

  

0.6000% on next $500 million and;

  

0.5700% on next $1.5 billion and;

  

0.5500% on next $2.5 billion and;

  

0.5300% on next $5 billion and;

  

0.4500% on next $2 billion and;

  

0.3900% over $12 billion

Balanced Retirement Fund (Excluding assets invested in investment companies for which HFMC or its affiliates serves as investment manager (“Affiliated Funds”))

  

0.3900% on first $1 billion and;

  

0.3800% on next $4 billion and;

  

0.3750% over $5 billion

Balanced Retirement Fund (Invested in Affiliated Funds)

  

0.0000% on all assets invested in Affiliated Funds

Checks and Balances Fund

  

N/A

Conservative Allocation Fund, Growth Allocation Fund and Moderate Allocation Fund

  

0.1000% on first $500 million and;

  

0.0950% on next $500 million and;

  

0.0900% on next $1.5 billion and;

  

0.0800% on next $2.5 billion and;

  

0.0700% on next $2.5 billion and;

  

0.0600% on next $2.5 billion and;

  

0.0500% over $10 billion

 

 

  135  

 


Hartford Multi-Strategy Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

Fund

  

Management Fee Rates

Global Real Asset Fund

  

0.7950% on first $500 million and;

  

0.7600% on next $500 million and;

  

0.7300% on next $1.5 billion and;

  

0.7000% on next $2.5 billion and;

  

0.6600% over $5 billion

Multi-Asset Income and Growth Fund

  

0.5900% on first $500 million and;

  

0.5500% on next $250 million and;

  

0.5000% on next $250 million and;

  

0.4750% on next $4 billion and;

  

0.4725% on next $5 billion and;

  

0.4700% over $10 billion

From November 1, 2019 to February 27, 2020, the Global Real Asset Fund’s Cayman Subsidiary paid HFMC a management fee at the annual rate of 0.71% of average daily net assets attributable to the Cayman Subsidiary. From February 28, 2020 through October 31, 2020, the Global Real Asset Fund’s Cayman Subsidiary paid HFMC a management fee at the annual rate of 0.66% of average daily net assets attributable to the Cayman Subsidiary. HFMC has contractually agreed to waive the management fee it receives from the Global Real Asset Fund in an amount equal to the management fee paid to it by the Cayman Subsidiary. This waiver will remain in effect for as long as the Global Real Asset Fund remains invested in the Cayman Subsidiary.

 

  b)

Accounting Services Agreement – HFMC provides the Funds with accounting services pursuant to a fund accounting agreement by and between the Company, on behalf of the Funds, and HFMC. HFMC has delegated certain accounting and administrative service functions to State Street Bank and Trust Company (“State Street”). In consideration of services rendered and expenses assumed pursuant to the fund accounting agreement, each Fund pays HFMC a fee. Effective January 1, 2020, the fund accounting agreement with respect to each Fund was modified to reflect a new fee structure. Under this revised fee structure, HFMC is entitled to receive the following fee with respect to each Fund: the sub-accounting fee payable by HFMC to State Street plus the amount of expenses that HFMC allocates for providing the fund accounting services.

From November 1, 2019 through December 31, 2019, the accounting services fees for each Fund were accrued daily and paid monthly at the rates below.

 

Balanced Income Fund and Balanced Retirement Fund  
Average Daily Net Assets    Annual Fees  

first $3.5 billion and;

     0.022%  

next $3.5 billion and

     0.018%  

Amount over $7 billion

     0.015%  
 
Multi-Asset Income and Growth Fund and Global Real Asset Fund  
Average Daily Net Assets    Annual Fees  

first $3.5 billion and;

     0.018%  

next $3.5 billion and

     0.014%  

Amount over $7 billion

     0.010%  
 
Checks and Balances Fund, Conservative Allocation Fund, Growth Allocation Fund, and Moderate Allocation Fund  
Average Daily Net Assets    Annual Fees  

first $3.5 billion and;

     0.014%  

next $3.5 billion and

     0.012%  

Amount over $7 billion

     0.010%  

 

  c)

Operating Expenses – Allocable expenses incurred by the Company are allocated to each series within the Company, and allocated to classes within each such series, in proportion to the average daily net assets of such series and classes, except where allocation of certain expenses is more fairly made directly to a Fund or to specific classes within a Fund. As of October 31, 2020, HFMC contractually limited the total operating expenses of each of the following Funds through February 28, 2021 (unless the Board of Directors approves its earlier termination) as follows:

 

     Expense Limit as a Percentage of Average Daily Net Assets  

Fund

   Class A     Class C     Class I     Class R3     Class R4     Class R5     Class R6     Class Y     Class F  

Balanced Retirement Fund(1)

     0.96     1.71     0.66     1.18     0.88     0.55     0.45     0.55     0.45

Conservative Allocation Fund(2)

     1.19     1.94     0.94     1.44     1.14     0.84     N/A       N/A       0.84

Global Real Asset Fund(3)

     1.25     2.00     1.00     1.50     1.20     0.95     N/A       0.90     0.90

 

  (1) 

HFMC has contractually agreed to reimburse expenses excluding taxes, interest expenses, brokerage commissions, acquired fund fees and expenses resulting from the Fund’s investments in investment companies other than Affiliated Funds, and extraordinary expenses.

  (2)

HFMC has contractually agreed to reimburse expenses excluding taxes, interest expenses, brokerage commissions and extraordinary expenses.

  (3)

HFMC has contractually agreed to reimburse expenses excluding taxes, interest expenses, brokerage commissions, acquired fund fees and expenses and extraordinary expenses.

 

 

  136  

 


Hartford Multi-Strategy Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

  d)

Fees Paid Indirectly – Certain Funds have entered into agreements with State Street Global Markets, LLC and Russell Implementation Services, Inc. to partially recapture non-discounted trade commissions. Such rebates are used to pay a portion of a Fund’s expenses. For the year ended October 31, 2020, these amounts, if any, are included in the Statements of Operations.

The ratio of expenses to average net assets in the accompanying financial highlights excludes the reduction in expenses related to fees paid indirectly. The annualized expense ratio after waivers reflecting the reduction for fees paid indirectly for the period is as follows:

 

Fund

   Class A     Class C     Class I     Class R3     Class R4     Class R5     Class R6     Class Y     Class F  

Balanced Income Fund

     0.89     1.64     0.63     1.24     0.95     0.66     0.56     0.66     0.56

Balanced Retirement Fund

     0.77     1.51     0.46     1.08     0.78     0.47     0.37     0.47     0.37

Checks and Balances Fund

     0.39     1.17     0.13     0.75     0.43     0.16     N/A       N/A       0.05

Conservative Allocation Fund

     0.59     1.38     0.36     0.94     0.64     0.34     N/A       N/A       0.23

Global Real Asset Fund (consolidated)

     1.25     2.00     0.98     1.50     1.20     0.95     N/A       0.90     0.90

Growth Allocation Fund

     0.56     1.35     0.25     0.87     0.55     0.27     N/A       N/A       0.16

Moderate Allocation Fund

     0.54     1.33     0.25     0.87     0.53     0.28     N/A       N/A       0.17

Multi-Asset Income and Growth Fund

     1.03     1.75     0.70     1.27     1.05     0.75     0.64     0.70     0.64

 

  e)

Sales Charges and Distribution and Service Plan for Class A, C, R3 and R4 Shares – Hartford Funds Distributors, LLC (“HFD”), an indirect subsidiary of The Hartford, is the principal underwriter and distributor of each Fund. For the year ended October 31, 2020, HFD received front-end sales charges and contingent deferred sales charges for each Fund as follows:

 

Fund

   Front-end
Sales Charges
     Contingent Deferred
Sales Charges
 

Balanced Income Fund

   $     8,905,874      $     370,456  

Balanced Retirement Fund

     10,803        2,759  

Checks and Balances Fund

     1,319,656        17,574  

Conservative Allocation Fund

     198,388        1,071  

Global Real Asset Fund (consolidated)

     44,406         

Growth Allocation Fund

     456,547        7,313  

Moderate Allocation Fund

     277,435        3,326  

Multi-Asset Income and Growth Fund

     480,213        22,839  

The Board of Directors of the Company has approved the adoption of a separate distribution plan (each a “Plan”) pursuant to Rule 12b-1 under the 1940 Act for each of Class A, C, R3 and R4 shares. Under a Plan, Class A, Class C, Class R3 and Class R4 shares of a Fund, as applicable, bear distribution and/or service fees paid to HFD, some or all of which may be paid to select broker-dealers. Pursuant to the Class A Plan, a Fund may pay HFD a fee of up to 0.25% of the average daily net assets attributable to Class A shares for distribution financing activities and shareholder account servicing activities. The entire amount of the fee may be used for shareholder servicing expenses and/or distribution expenses. Pursuant to the Class C Plan, a Fund may pay HFD a fee of up to 1.00% of the average daily net assets attributable to Class C shares for distribution financing activities, and up to 0.25% may be used for shareholder account servicing activities. The Class C Plan also provides that HFD will receive all contingent deferred sales charges attributable to Class C shares. Pursuant to the Class R3 Plan, a Fund may pay HFD a fee of up to 0.50% of the average daily net assets attributable to Class R3 shares for distribution financing activities, and up to 0.25% may be used for shareholder account servicing activities. Pursuant to the Class R4 Plan, a Fund may pay HFD a fee of up to 0.25% of the average daily net assets attributable to Class R4 shares for distribution financing activities. The entire amount of the fee may be used for shareholder account servicing activities. Each Fund’s 12b-1 fees are accrued daily and paid monthly or at such other intervals as the Company’s Board of Directors may determine. Any 12b-1 fees attributable to assets held in an account held directly with the Funds’ transfer agent for which there is not a third-party listed as the broker-dealer of record (or HFD does not otherwise have a payment obligation) are generally reimbursed to the applicable Fund. Such amounts are reflected as “Distribution fee reimbursements” on the Statements of Operations.

 

  f)

Other Related Party Transactions – Certain officers of the Company are directors and/or officers of HFMC and/or The Hartford or its subsidiaries. For the year ended October 31, 2020, a portion of the Company’s Chief Compliance Officer’s (“CCO”) compensation was paid by all of the investment companies in the Hartford fund complex. The portion allocated to each Fund, as represented in other expenses on the Statements of Operations, is outlined in the table below.

 

Fund

   CCO Compensation
Paid by Fund
 

Balanced Income Fund

   $     30,397  

Balanced Retirement Fund

     281  

Checks and Balances Fund

     3,394  

Conservative Allocation Fund

     285  

Global Real Asset Fund (consolidated)

     394  

Growth Allocation Fund

     1,263  

Moderate Allocation Fund

     844  

Multi-Asset Income and Growth Fund

     1,994  

 

 

  137  

 


Hartford Multi-Strategy Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

Hartford Administrative Services Company (“HASCO”), an indirect subsidiary of The Hartford, provides transfer agent services to each Fund. Each Fund pays HASCO a transfer agency fee payable monthly based on the lesser of (i) the costs of providing or overseeing transfer agency services provided to each share class of such Fund plus a target profit margin or (ii) a Specified Amount (as defined in the table below). Such fee is intended to compensate HASCO for: (i) fees payable by HASCO to DST Asset Manager Solutions, Inc. (“DST”) (and any other designated sub-agent) according to the agreed-upon fee schedule under the sub-transfer agency agreement between HASCO and DST (or between HASCO and any other designated sub-agent, as applicable); (ii) sub-transfer agency fees payable by HASCO to financial intermediaries, according to the agreed-upon terms between HASCO and the financial intermediaries, provided that such payments are within certain limits approved by the Company’s Board of Directors; (iii) certain expenses that HASCO’s parent company, Hartford Funds Management Group, Inc., allocates to HASCO that relate to HASCO’s transfer agency services provided to the Fund; and (iv) a target profit margin.

 

Share Class

   Specified Amount
(as a percentage
average daily
net assets)
 

Class A

     0.25

Class C

     0.25

Class I

     0.20

Class Y

     0.11

Class R3

     0.22

Class R4

     0.17

Class R5

     0.12

Class R6

     0.004

Class F

     0.004

Effective February 28, 2020, HASCO has contractually agreed to waive and/or reimburse a portion of the transfer agency fees for the share classes of the Funds listed below to the extent necessary to limit the transfer agency fees as follows through February 28, 2021, unless the Board of Directors approves its earlier termination:

 

Fund

   Class Y  

Balanced Income Fund

     0.10

Multi-Asset Income and Growth Fund

     0.09 %* 

 

  *

With respect to Class Y shares of the Multi-Asset Income and Growth Fund, HASCO contractually agreed to waive and/or reimburse a portion of the transfer agency fee to the extent necessary to limit the transfer agency fee for Class Y as follows: 0.06% through May 1, 2020. For periods where multiple transfer agency caps were in effect, the lower cap applied.

Pursuant to a sub-transfer agency agreement between HASCO and DST, HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to DST. Each Fund does not pay any fee directly to DST; rather, HASCO makes all such payments to DST. The accrued amount shown in the Statements of Operations reflects the amounts charged by HASCO. These fees are accrued daily and paid monthly.

For the year ended October 31, 2020, the effective rate of compensation paid to HASCO for transfer agency services as a percentage of each Class’ average daily net assets is as follows:

 

Fund

   Class A     Class C     Class I     Class R3     Class R4     Class R5     Class R6     Class Y     Class F  

Balanced Income Fund

     0.08     0.08     0.08     0.18     0.14     0.11     0.00     0.10     0.00

Balanced Retirement Fund

     0.15     0.14     0.09     0.22     0.17     0.12     0.00     0.11     0.00

Checks and Balances Fund

     0.10     0.12     0.09     0.21     0.14     0.12     N/A       N/A       0.00

Conservative Allocation Fund

     0.11     0.15     0.13     0.22     0.17     0.12     N/A       N/A       0.00

Global Real Asset Fund (consolidated)

     0.21     0.25     0.08     0.22     0.16     0.12     N/A       0.07     0.00

Growth Allocation Fund

     0.15     0.20     0.09     0.21     0.15     0.11     N/A       N/A       0.00

Moderate Allocation Fund

     0.13     0.16     0.09     0.21     0.12     0.11     N/A       N/A       0.00

Multi-Asset Income and Growth Fund

     0.15     0.11     0.07     0.22     0.17     0.12     0.00     0.07     0.00

 

8.

Securities Lending:

The Company has entered into a securities lending agency agreement (“lending agreement”) with Citibank, N.A. (“Citibank”). A Fund may lend portfolio securities to certain borrowers in U.S. and non-U.S. markets in an amount not to exceed one-third (33 1/3%) of the value of its total assets. If a Fund security is on loan, under the lending agreement, the borrower is required to deposit cash or liquid securities as collateral at least equal to 100% of the market value of the loaned securities; and cash collateral is invested for the benefit of the Fund by the Fund’s lending agent pursuant to collateral investment guidelines. The collateral is marked to market daily, in an amount at least equal to the current market value of the securities loaned. Each of Checks and Balances Fund, Conservative Allocation Fund, Growth Allocation Fund, and Moderate Allocation Fund do not currently engage in securities lending.

 

 

  138  

 


Hartford Multi-Strategy Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

A Fund is subject to certain risks while its securities are on loan, including the following: (i) the risk that the borrower defaults on the loan and the collateral is inadequate to cover the Fund’s loss; (ii) the risk that the earnings on the collateral invested are not sufficient to pay fees incurred in connection with the loan; (iii) the Fund could lose money in the event of a decline in the value of the collateral provided for loaned securities or a decline in the value of any investments made with cash collateral; (iv) the risk that the borrower may use the loaned securities to cover a short sale, which may in turn place downward pressure on the market prices of the loaned securities; (v) the risk that return of loaned securities could be delayed and interfere with portfolio management decisions; and (vi) the risk that any efforts to restrict or recall the securities for purposes of voting may not be effective. These events could also trigger adverse tax consequences for the Fund.

The Funds retain loan fees and the interest on cash collateral investments but are required to pay the borrower a rebate for the use of cash collateral. In cases where the lent security is of high value to borrowers, there may be a negative rebate (i.e., a net payment from the borrower to the Funds). Upon termination of a loan, the Funds are required to return to the borrower an amount equal to the cash collateral, plus any rebate owed to the borrowers.

The net income earned on the securities lending (after payment of rebates and Citibank’s fee) is included on the Statements of Operations as Investment Income from securities lending. The Funds also receive payments from the borrower during the period of the loan, equivalent to dividends and interest earned on the securities loaned, which are recorded as Investment Income from dividends or interest, respectively, on the Statements of Operations.

The following table presents the market value of the Funds’ securities on loan, net of amounts available for offset under the master netting arrangements and any related collateral received by the Funds as of October 31, 2020.

 

Fund

   Investment Securities on Loan, at market value,
Presented on the Statements of Assets  and Liabilities(1)
     Collateral Posted by Borrower(2)     Net Amount(3)  

Balanced Income Fund

   $     19,136,644      $     (19,136,644   $     —  

Balanced Retirement Fund

     22,979        (22,979      

Global Real Asset Fund (consolidated)

     815,863        (815,863      

Multi-Asset Income and Growth Fund

     585,289        (585,289      

 

  (1) 

It is each Fund’s policy to obtain additional collateral from, or return excess collateral to, the borrower by the end of the next business day following the valuation date of the securities loaned. Therefore, the value of the collateral held may be temporarily less than that required under the lending contract.

  (2) 

Collateral received in excess of the market value of securities on loan is not presented in this table.

  (3)

Net amount represents the net amount receivable due from the counterparty in the event of default.

The total cash and non-cash collateral received by each Fund in connection with securities lending transactions is presented below:

 

Fund

   Cash
Collateral
     Non-Cash
Collateral
 

Balanced Income Fund

   $     19,684,351      $     —  

Balanced Retirement Fund

     23,645         

Global Real Asset Fund (consolidated)

     843,849         

Multi-Asset Income and Growth Fund

     603,980         

 

9.

Secured Borrowings:

The following tables reflect a breakdown of transactions accounted for as secured borrowings, the gross obligation by the type of collateral pledged, and the remaining contractual maturity of those transactions as of October 31, 2020.

Certain Transfers Accounted For As Secured Borrowings

Remaining Contractual Maturity of the Agreements

 

     Overnight and
Continuous
     <30 days      Between
30 & 90 days
     >90 days      Total  
Balanced Income Fund

 

Securities Lending Transactions(1)

 

Common Stocks

   $ 3,909,381      $     —      $     —      $     —      $ 3,909,381  

Corporate Bonds

     14,816,313                             14,816,313  

Foreign Government Obligations

     92,421                             92,421  

Municipal Bonds

     866,236                             866,236  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total Borrowings

   $     19,684,351      $      $      $      $ 19,684,351  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Gross amount of recognized liabilities for securities lending transactions

 

   $     19,684,351  
        

 

 

 

 

 

  139  

 


Hartford Multi-Strategy Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

     Overnight and
Continuous
     <30 days      Between
30 & 90 days
     >90 days      Total  

Balanced Retirement Fund

              

Securities Lending Transactions(1)

 

Corporate Bonds

   $ 23,645      $      $      $      $ 23,645  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total Borrowings

   $     23,645      $     —      $     —      $     —      $     23,645  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Gross amount of recognized liabilities for securities lending transactions

 

   $ 23,645  
              

 

 

 
Global Real Asset Fund                                   

Securities Lending Transactions(1)

 

Common Stocks

   $ 843,849      $      $      $      $ 843,849  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total Borrowings

   $     843,849      $     —      $     —      $     —      $     843,849  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Gross amount of recognized liabilities for securities lending transactions

 

   $ 843,849  
              

 

 

 
Multi-Asset Income and Growth Fund                                   

Securities Lending Transactions(1)

 

Corporate Bonds

   $ 603,980      $      $      $      $ 603,980  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total Borrowings

   $     603,980      $     —      $     —      $     —      $     603,980  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Gross amount of recognized liabilities for securities lending transactions

 

   $ 603,980  
              

 

 

 

 

  (1) 

Amount represents the payable for cash collateral received on securities on loan. This will generally be in the “Overnight and Continuous” column as the securities are typically callable on demand.

 

10.

Affiliate Holdings:

As of October 31, 2020, affiliates of The Hartford had ownership of shares in each Fund as follows:

Percentage of a Class:

 

Fund

   Class A      Class C      Class I      Class R3     Class R4     Class R5     Class R6     Class Y      Class F  

Balanced Retirement Fund

                          1     3     %*      100            5

Conservative Allocation Fund

                                            NA       NA        100

Global Real Asset Fund (consolidated)

                                4     7     NA              %* 

Growth Allocation Fund

                                            NA       NA        4

Moderate Allocation Fund

                                            NA       NA        4

Multi-Asset Income and Growth Fund

                                            4             

Percentage of Fund by Class:

 

Fund

   Class A      Class C      Class I      Class R3     Class R4     Class R5     Class R6     Class Y      Class F  

Balanced Retirement Fund

                          %*      %*      %*      %*             %* 

Conservative Allocation Fund

                                            NA       NA        %* 

Global Real Asset Fund (consolidated)

                                %*      %*      NA               

Growth Allocation Fund

                                            NA       NA        %* 

Moderate Allocation Fund

                                            NA       NA        %* 

Multi-Asset Income and Growth Fund

                                            %*              

 

  *

Percentage rounds to zero.

As of October 31, 2020, affiliated funds of funds and certain 529 plans for which HFMC serves as the program manager (the “529 plans”) in the aggregate owned a portion of the Funds identified below. Therefore, these Funds may experience relatively large purchases or redemptions of their shares from these affiliated funds of funds and the 529 plans. Affiliated funds of funds and the 529 plans owned shares in the Funds listed below as follows:

 

Fund

   Percentage
of Fund(1)
 

Balanced Income Fund

     %* 

Global Real Asset Fund (consolidated)

     49

 

  (1) 

As of October 31, 2020, the affiliated funds of funds were invested in Class F shares.

  *

Percentage rounds to zero.

 

 

  140  

 


Hartford Multi-Strategy Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

11.

Affiliate Fund Transactions:

A summary of affiliate fund transactions for the Balanced Retirement Fund, Checks and Balances Fund, Conservative Allocation Fund, Growth Allocation Fund and Moderate Allocation Fund for the year ended October 31, 2020 is as follows:

 

Affiliated Investment
Companies

  Beginning
Value as of
November 1, 2019
    Purchases at
Cost
    Proceeds
from Sales
    Net
Realized
Gain/(Loss)
on Sales
    Change in
Unrealized
Appreciation/
(Depreciation)
    Ending
Value as of
October 31, 2020
    Shares as of
October 31, 2020
    Dividend
Income
    Capital Gain
Distributions
 
Balanced Retirement
Fund
                                                     

Hartford Multifactor Developed Markets (ex-US) ETF

  $ 9,071,863     $ 606,725     $ 3,494,942     $ 1,969     $ (618,615   $ $5,567,000       222,502     $ 177,468     $  

Hartford Multifactor Emerging Markets ETF

    3,180,779       2,636,012       913,398       (72,797     (184,601     4,645,995       237,313       103,451        

Hartford Multifactor US Equity ETF

    8,176,331       371,196       2,718,424       43,403       (189,983     5,682,523       183,012       130,809        

The Hartford World Bond Fund, Class F

    14,973,164       2,411,777       8,033,252       (310,105     (60,501     8,981,083       839,354       332,906       62,536  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $     35,402,137     $     6,025,710     $     15,160,016     $     (337,530   $     (1,053,700   $     24,876,601       1,482,181     $     744,634     $     62,536  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
Checks and Balances Fund                                      

Hartford Total Return Bond ETF

  $ 528,084,554     $ 66,860,680     $ 82,321,977     $ 2,097,196     $ (9,903,961   $ 504,816,492       12,264,735     $ 15,236,537     $ 23,653,215  

The Hartford Capital Appreciation Fund, Class F

    520,694,501       81,023,681       148,766,339       (9,283,376     32,561,970       476,230,437       12,318,428       4,300,463       22,538,809  

The Hartford Dividend and Growth Fund, Class F

    520,415,316       67,795,019       75,878,160       (2,811,488       (26,969,378     482,551,309       20,022,876       9,464,546       14,898,983  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $   1,569,194,371     $   215,679,380     $   306,966,476     $   (9,997,668   $ (4,311,369   $   1,463,598,238       44,606,039     $   29,001,546     $   61,091,007  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
Conservative Allocation Fund                                

Hartford Core Bond ETF

  $     $ 27,762,662     $     $     $ 89,399     $ 27,852,061       665,243     $ 113,088     $  

Hartford Core Equity Fund, Class F

    10,310,202       1,618,729       2,172,676       608,268       295,151       10,659,674       294,547       102,996       189,152  

Hartford Emerging Markets Equity Fund, Class F

    1,264,652       202,741       437,384       (32,763     (4,664     992,582       110,287       31,783        

Hartford Multifactor Developed Markets (ex-US) ETF

    4,014,147                         (500,013     3,514,134       140,453       106,676        

Hartford Multifactor US Equity ETF

    5,575,855             175,348       16,961       (248,792     5,168,676       166,463       116,604        

Hartford Schroders Emerging Markets Multi-Sector Bond Fund, Class F

    4,149,996       39,643       3,955,003       (384,812     150,176                   39,643        

Hartford Schroders International Multi-Cap Value Fund, Class F

    3,484,564       736,198       2,137,788       (436,564     (16,465     1,629,945       210,044       100,369        

Hartford Short Duration ETF

    10,355,052       2,321,622                   20,808       12,697,482       310,376       343,788        

Hartford Small Cap Value Fund, Class F

    2,743,649       1,383,008       1,232,339       (510,086     (186,533     2,197,699       264,464       37,171       157,968  

Hartford Total Return Bond ETF

    16,076,113             16,162,248       1,103,495       (1,017,360                 318,624       407,078  

The Hartford Equity Income Fund, Class F

    6,797,184       2,061,786       1,852,985       (154,533     (722,762     6,128,690       351,416       134,992       439,055  

The Hartford Global Real Asset Fund, Class F

    2,529,530       457,326       2,587,577       (417,774     18,495                   80,135        

The Hartford Growth Opportunities Fund, Class F

    3,530,941       470,912       1,773,578       284,384       896,256       3,408,915       58,004             208,578  

The Hartford Inflation Plus Fund, Class F

    5,421,619       1,049,063       197,885       507       331,635       6,604,939       582,446       111,329        

The Hartford International Growth Fund, Class F

          1,637,380       1,187       44       (16,538     1,619,699       101,231              

 

 

  141  

 


Hartford Multi-Strategy Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

Affiliated Investment
Companies

  Beginning
Value as of
November 1, 2019
    Purchases at
Cost
    Proceeds
from Sales
    Net
Realized
Gain/(Loss)
on Sales
    Change in
Unrealized
Appreciation/
(Depreciation)
    Ending
Value as of
October 31, 2020
    Shares as of
October 31, 2020
    Dividend
Income
    Capital Gain
Distributions
 
Conservative Allocation Fund – (continued)                                

The Hartford International Opportunities Fund, Class F

  $ 1,907,936     $ 1,380,556     $ 556,567     $ (64,570   $ 275,034     $ 2,942,389       177,466     $ 33,732     $  

The Hartford MidCap Fund, Class F

    3,194,332       341,943       1,023,286       106,576       (108,923     2,510,642       78,458             165,320  

The Hartford Quality Bond Fund, Class F*

    18,638,584       2,650,116       22,047,830       1,274,152       (515,022                 320,909        

The Hartford Small Company Fund, Class F

    2,885,464       325,727       1,071,197       78,839       620,838       2,839,671       103,298             165,374  

The Hartford Strategic Income Fund, Class F

    8,942,797       2,595,159       996,644       (44,926     400,498       10,896,884       1,205,408       382,137        

The Hartford World Bond Fund, Class F

    17,267,157       10,952,299       1,522,335       26,098       (200,688     26,522,531       2,478,741       392,042       80,688  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $   129,089,774     $   57,986,870     $   59,903,857     $   1,453,296     $   (439,470   $   128,186,613       7,298,345     $   2,766,018     $   1,813,213  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
Growth Allocation Fund                                      

Hartford Core Bond ETF

  $     $ 40,159,201     $     $     $ 128,136     $ 40,287,337       962,258     $ 163,579     $  

Hartford Core Equity Fund, Class F

    108,412,702       2,954,512       17,409,115       4,760,433       3,789,561       102,508,093       2,832,498       1,046,389       1,908,126  

Hartford Emerging Markets Equity Fund, Class F

    10,882,745       303,933       27,098       (3,465     112,717       11,268,832       1,252,092       274,392        

Hartford Multifactor Developed Markets (ex-US) ETF

    44,722,641                         (5,570,770     39,151,871       1,564,823       1,188,505        

Hartford Multifactor US Equity ETF

    56,086,544             3,025,974       (177,786     (2,417,995     50,464,789       1,625,275       1,164,951        

Hartford Schroders Emerging Markets Multi-Sector Bond Fund, Class F

    7,323,042       46,922       7,457,744       (495,802     583,582                   46,922        

Hartford Schroders International Multi-Cap Value Fund, Class F

    42,479,432       1,146,401       19,298,478       (3,052,680     (2,557,650     18,717,025       2,411,988       1,146,400        

Hartford Short Duration ETF

    17,949,852                         24,120       17,973,972       439,354       549,150        

Hartford Small Cap Value Fund, Class F

    29,128,231       3,955,295       3,597,852         (2,520,073     (3,859,330     23,106,271       2,780,538       380,684       1,603,717  

Hartford Total Return Bond ETF

    15,221,487             15,300,155       1,042,857       (964,189                 301,686       385,437  

The Hartford Equity Income Fund, Class F

    70,446,841       5,737,675       9,210,032       (578,297     (8,115,804     58,280,383       3,341,765       1,321,393       4,416,282  

The Hartford Global Real Asset Fund, Class F

    21,074,317       652,416       18,425,929       (3,600,878     300,074                   652,416        

The Hartford Growth Opportunities Fund, Class F

    34,570,991       2,075,201       17,283,641       3,312,837       8,461,054       31,136,442       529,802             2,075,201  

The Hartford Inflation Plus Fund, Class F

          8,124,228       13,590       132       327,407       8,438,177       744,107              

The Hartford International Growth Fund, Class F

          16,726,425                   (165,608     16,560,817       1,035,051              

The Hartford International Opportunities Fund, Class F

    30,479,845       5,171,903       3,555,710       259,077       2,160,516       34,515,631       2,081,763       528,326        

The Hartford MidCap Fund, Class F

    29,952,499       1,526,349       5,693,367       877,372       (392,325     26,270,528       820,954             1,526,349  

The Hartford Quality Bond Fund, Class F*

    23,085,726       1,220,988       25,129,929       1,390,276       (567,061                 370,187        

The Hartford Small Company Fund, Class F

    29,425,393       1,697,202       9,331,211       1,166,566       6,048,139       29,006,089       1,055,151             1,697,202  

The Hartford Strategic Income Fund, Class F

    7,257,145       2,792,795       386,078       (327     405,599       10,069,134       1,113,842       318,507        

The Hartford World Bond Fund, Class F

    23,051,295       13,440,807       3,415,567       56,922       (342,505     32,790,952       3,064,575       564,625       114,767  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $   601,550,728     $   107,732,253     $   158,561,470     $ 2,437,164     $   (2,612,332   $   550,546,343       27,655,836     $   10,018,112     $   13,727,081  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

 

  142  

 


Hartford Multi-Strategy Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

Affiliated Investment
Companies

  Beginning
Value as of
November 1, 2019
    Purchases at
Cost
    Proceeds
from Sales
    Net
Realized
Gain/(Loss)
on Sales
    Change in
Unrealized
Appreciation/
(Depreciation)
    Ending
Value as of
October 31, 2020
    Shares as of
October 31, 2020
    Dividend
Income
    Capital Gain
Distributions
 
Moderate Allocation Fund                                                      

Hartford Core Bond ETF

  $     $ 55,380,963     $     $     $ 178,591     $ 55,559,554       1,327,033     $ 225,589     $  

Hartford Core Equity Fund, Class F

    52,089,597       3,519,179       9,536,960       2,582,100       1,764,062       50,417,978       1,393,147       495,621       917,436  

Hartford Emerging Markets Equity Fund, Class F

    6,749,485       504,309       500,470       (70,836     81,635       6,764,123       751,569       167,454        

Hartford Multifactor Developed Markets (ex-US) ETF

    24,709,096                         (3,077,830     21,631,266       864,559       656,645        

Hartford Multifactor US Equity ETF

    24,881,691             1,156,796       111,892       (1,106,759     22,730,028       732,046       515,504        

Hartford Schroders Emerging Markets Multi-Sector Bond Fund, Class F

    11,596,952       88,790       11,210,257       (1,474,074     998,589                   88,790        

Hartford Schroders International Multi-Cap Value Fund, Class F

    20,825,649       1,871,011       10,530,484       (1,907,981     (792,274     9,465,921       1,219,835       571,215        

Hartford Short Duration ETF

    20,943,387             671,607       15,534       14,724       20,302,038       496,261       624,524        

Hartford Small Cap Value Fund, Class F

    14,578,782       1,554,067       2,693,579       (1,399,437     (1,473,910     10,565,923       1,271,471       187,177       804,277  

Hartford Total Return Bond ETF

    21,317,938             21,431,213       1,462,001       (1,348,726                 422,515       539,811  

The Hartford Equity Income Fund, Class F

    35,481,250       3,935,767       4,581,544       (220,999     (4,050,414     30,564,060       1,752,526       668,633       2,221,516  

The Hartford Global Real Asset Fund, Class F

    11,809,248       369,815       10,444,789       (1,898,410     164,136                   360,386        

The Hartford Growth Opportunities Fund, Class F

    17,253,062       1,035,654       8,701,330       1,592,754       4,314,032       15,494,172       263,641             1,035,654  

The Hartford Inflation Plus Fund, Class F

    9,553,947       612,587       32,061       (685     553,903       10,687,691       942,477       190,443        

The Hartford International Growth Fund, Class F

          9,239,466                   (91,480     9,147,986       571,749              

The Hartford International Opportunities Fund, Class F

    14,942,793       4,209,433       1,258,440       82,036       1,314,670       19,290,492       1,163,480       254,653        

The Hartford MidCap Fund, Class F

    14,906,449       755,111       2,791,974       381,160       (198,014     13,052,732       407,898             755,111  

The Hartford Quality Bond Fund, Class F*

    32,357,749       3,036,582       36,625,445       1,988,378       (757,264                 528,515        

The Hartford Small Company Fund, Class F

    14,730,928       1,602,058       5,800,050       502,204         2,860,722       13,895,862       505,488             840,425  

The Hartford Strategic Income Fund, Class F

    15,326,918       1,782,128       53,255       (303     702,448       17,757,936       1,964,373       638,111        

The Hartford World Bond Fund, Class F

    33,373,158       13,793,915       2,463,566       27,744       (444,719     44,286,532       4,138,928       790,332       161,348  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $   397,428,079     $   103,290,835     $   130,483,820     $   1,773,078     $ (393,878   $   371,614,294       19,766,481     $   7,386,107     $   7,275,578  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

  *

Effective after the close of business on July 24, 2020, The Hartford Quality Bond Fund merged into The Hartford Total Return Bond Fund.

 

 

  143  

 


Hartford Multi-Strategy Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

12.

Investment Transactions:

For the year ended October 31, 2020, the cost of purchases and proceeds from sales of investment securities (excluding short term investments) were as follows:

 

Fund

   Cost of Purchases
Excluding U.S.
Government
Obligations
     Sales Proceeds
Excluding U.S.
Government
Obligations
     Cost of Purchases
For U.S.
Government
Obligations
     Sales Proceeds
For U.S.
Government
Obligations
     Total Cost of
Purchases
     Total Sales
Proceeds
 

Balanced Income Fund

   $     7,794,300,632      $     7,249,887,146      $     641,758,821      $     766,091,498      $     8,436,059,453      $     8,015,978,644  

Balanced Retirement Fund

     78,727,322        96,302,832        38,730,344        50,683,869        117,457,666        146,986,701  

Checks and Balances Fund

     215,679,380        306,966,476                      215,679,380        306,966,476  

Conservative Allocation Fund

     57,986,870        59,903,857                      57,986,870        59,903,857  

Global Real Asset Fund (consolidated)

     437,958,921        495,730,854        123,616,264        144,123,384        561,575,185        639,854,238  

Growth Allocation Fund

     107,732,253        158,561,470                      107,732,253        158,561,470  

Moderate Allocation Fund

     103,290,835        130,483,820                      103,290,835        130,483,820  

Multi-Asset Income and Growth Fund

     557,126,038        629,566,581        101,379,034        124,370,374        658,505,072        753,936,955  

 

13.

Capital Share Transactions:

The following information is for the year ended October 31, 2020, and the year ended October 31, 2019:

 

       For the Year Ended
October 31, 2020
       For the Year Ended
October 31, 2019
 
       Shares        Amount        Shares        Amount  
Balanced Income Fund                                    

Class A

                   

Shares Sold

       55,154,686        $ 805,163,802          39,786,869        $ 562,588,329  

Shares Issued for Reinvested Dividends

       7,936,617          113,564,659          15,019,995          202,396,974  

Shares Redeemed

       (43,400,316        (620,795,570        (42,150,227        (587,900,551
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       19,690,987          297,932,891          12,656,637          177,084,752  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class C

                   

Shares Sold

       32,640,521        $ 469,055,916          32,397,092        $ 450,357,714  

Shares Issued for Reinvested Dividends

       5,488,230          77,575,527          13,704,425          180,788,912  

Shares Redeemed

       (60,265,630        (854,563,325        (59,869,644        (824,655,550
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (22,136,879        (307,931,882        (13,768,127        (193,508,924
    

 

 

      

 

 

      

 

 

      

 

 

 

Class I

                   

Shares Sold

       92,488,693        $ 1,341,737,959          81,403,185        $     1,144,106,675  

Shares Issued for Reinvested Dividends

       7,950,893          113,702,614          13,234,390          178,757,422  

Shares Redeemed

       (76,433,649            (1,077,602,824        (69,135,494        (957,096,008
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       24,005,937          377,837,749          25,502,081          365,768,089  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R3

                   

Shares Sold

       1,268,147        $ 18,504,352          1,730,192        $ 24,442,308  

Shares Issued for Reinvested Dividends

       348,715          5,023,457          874,989          11,790,845  

Shares Redeemed

       (3,872,565        (55,251,531        (3,864,290        (54,339,667
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (2,255,703        (31,723,722        (1,259,109        (18,106,514
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R4

                   

Shares Sold

       1,364,794        $ 19,757,615          1,296,517        $ 18,280,215  

Shares Issued for Reinvested Dividends

       208,288          2,998,525          567,014          7,654,873  

Shares Redeemed

       (2,445,432        (35,519,890        (3,609,955        (51,596,525
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (872,350        (12,763,750        (1,746,424        (25,661,437
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R5

                   

Shares Sold

       959,413        $ 14,271,312          1,200,444        $ 16,827,628  

Shares Issued for Reinvested Dividends

       81,136          1,163,782          165,696          2,241,276  

Shares Redeemed

       (1,098,983        (15,820,053        (2,196,220        (30,638,295
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (58,434        (384,959        (830,080        (11,569,391
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R6

                   

Shares Sold

       10,859,156        $ 158,149,459          7,695,203        $ 110,180,521  

Shares Issued for Reinvested Dividends

       384,810          5,565,783          554,460          7,617,276  

Shares Redeemed

       (7,732,607        (115,016,307        (1,614,041        (23,035,790
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       3,511,359          48,698,935          6,635,622          94,762,007  
    

 

 

      

 

 

      

 

 

      

 

 

 

 

 

  144  

 


Hartford Multi-Strategy Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

       For the Year Ended
October 31, 2020
       For the Year Ended
October 31, 2019
 
       Shares        Amount        Shares        Amount  
Balanced Income Fund – (continued)                                    

Class Y

                   

Shares Sold

       3,162,755        $ 46,541,926          4,850,971        $ 68,796,757  

Shares Issued for Reinvested Dividends

       367,928          5,319,103          717,008          9,766,888  

Shares Redeemed

       (3,116,033        (45,084,145        (5,906,978        (83,140,688
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       414,650          6,776,884          (338,999        (4,577,043
    

 

 

      

 

 

      

 

 

      

 

 

 

Class F

                   

Shares Sold

       41,616,883        $ 606,292,789          31,513,101        $ 444,867,885  

Shares Issued for Reinvested Dividends

       4,870,726          69,613,828          7,684,924          103,977,990  

Shares Redeemed

       (22,742,871        (325,987,947        (20,562,273        (287,870,520
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       23,744,738          349,918,670          18,635,752          260,975,355  
    

 

 

      

 

 

      

 

 

      

 

 

 

Total Net Increase (Decrease)

       46,044,305        $      728,360,816          45,487,353        $      645,166,894  
    

 

 

      

 

 

      

 

 

      

 

 

 
Balanced Retirement Fund                                    

Class A

                   

Shares Sold

       829,270        $ 7,602,976          488,930        $ 4,373,737  

Issued in Merger

                         8,844,589          81,509,965  

Shares Issued for Reinvested Dividends

       162,227          1,478,434          116,679          1,033,298  

Shares Redeemed

       (2,278,169        (20,637,828        (1,792,469        (16,443,674
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (1,286,672        (11,556,418        7,657,729          70,473,326  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class C

                   

Shares Sold

       78,083        $ 722,298          400,059        $ 3,581,279  

Issued in Merger

                         3,247,905          29,964,519  

Shares Issued for Reinvested Dividends

       40,417          370,718          77,520          681,239  

Shares Redeemed

       (1,828,624        (16,709,913        (697,276        (6,349,694
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (1,710,124        (15,616,897        3,028,208          27,877,343  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class I

                   

Shares Sold

       182,682        $ 1,637,754          1,684,136        $ 15,081,197  

Issued in Merger

                         2,434,728          22,421,164  

Shares Issued for Reinvested Dividends

       45,459          414,252          132,337          1,168,376  

Shares Redeemed

       (1,694,859        (15,377,224        (3,667,186        (33,469,031
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (1,466,718        (13,325,218        584,015          5,201,706  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R3

                   

Shares Sold

       9,782        $ 88,977          5,561        $ 51,117  

Issued in Merger

                         138,704          1,280,088  

Shares Issued for Reinvested Dividends

       1,630          14,895          15,940          140,237  

Shares Redeemed

       (63,318        (580,754        (266,176        (2,456,178
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (51,906        (476,882        (105,971        (984,736
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R4

                   

Shares Sold

       4,368        $ 39,430          2,312        $ 21,197  

Issued in Merger

                         35,529          327,621  

Shares Issued for Reinvested Dividends

       736          6,666          15,884          139,591  

Shares Redeemed

       (232        (2,082        (262,362        (2,419,256
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       4,872          44,014          (208,637        (1,930,847
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R5

                   

Shares Sold

       4,185        $ 37,826          89,217        $ 823,482  

Issued in Merger

                         11,670          107,486  

Shares Issued for Reinvested Dividends

       1,727          15,682          16,713          146,932  

Shares Redeemed

       (26,426        (242,776        (278,363        (2,563,435
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (20,514        (189,268        (160,763        (1,485,535
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R6(1)

 

Shares Sold

              $          8        $ (226

Issued in Reorganization

                         1,111          10,226  

Shares Issued for Reinvested Dividends

       29          261          28          252  
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       29          261          1,147          10,252  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class Y

 

Shares Sold

       28,372        $ 261,410          156,012        $ 1,418,711  

Issued in Merger

                         313,061          2,881,352  

Shares Issued for Reinvested Dividends

       4,584          41,554          152,845          1,340,124  

Shares Redeemed

       (215,860        (1,978,491        (3,122,882        (28,639,263
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (182,904        (1,675,527        (2,500,964        (22,999,076
    

 

 

      

 

 

      

 

 

      

 

 

 

 

 

  145  

 


Hartford Multi-Strategy Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

       For the Year Ended
October 31, 2020
       For the Year Ended
October 31, 2019
 
       Shares        Amount        Shares        Amount  
Balanced Retirement Fund – (continued)                                    

Class F

 

Shares Sold

       10,728        $ 95,263          1,454        $ 13,467  

Issued in Merger

                         340,301          3,111,198  

Shares Issued for Reinvested Dividends

       2,445          22,042          699          6,382  

Shares Redeemed

       (196,982        (1,798,423        (178,744        (1,627,543
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (183,809        (1,681,118        163,710          1,503,504  
    

 

 

      

 

 

      

 

 

      

 

 

 

Total Net Increase (Decrease)

       (4,897,746      $      (44,477,053        8,458,474        $      77,665,937  
    

 

 

      

 

 

      

 

 

      

 

 

 
Checks and Balances Fund                                    

Class A

                   

Shares Sold

       10,156,353        $ 92,300,349          13,034,796        $ 118,501,810  

Shares Issued for Reinvested Dividends

       9,873,823          92,559,754          13,736,642          117,435,304  

Shares Redeemed

       (22,587,605        (205,625,638        (23,888,289        (218,089,065
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (2,557,429        (20,765,535        2,883,149          17,848,049  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class C

                   

Shares Sold

       2,105,788        $ 19,175,545          2,590,443        $ 23,587,069  

Shares Issued for Reinvested Dividends

       1,125,820          10,530,364          1,953,996          16,461,099  

Shares Redeemed

       (7,044,277        (64,072,525        (8,185,799        (74,336,948
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (3,812,669        (34,366,616        (3,641,360        (34,288,780
    

 

 

      

 

 

      

 

 

      

 

 

 

Class I

                   

Shares Sold

       2,679,014        $ 25,021,261          3,604,755        $ 33,326,470  

Shares Issued for Reinvested Dividends

       502,985          4,714,597          703,189          6,031,379  

Shares Redeemed

       (3,278,078        (29,498,058        (4,108,288        (37,503,349
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (96,079        237,800          199,656          1,854,500  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R3

                   

Shares Sold

       205,061        $ 1,897,830          182,353        $ 1,660,427  

Shares Issued for Reinvested Dividends

       114,350          1,069,179          171,251          1,452,360  

Shares Redeemed

       (678,196        (6,002,020        (453,526        (4,139,863
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (358,785        (3,035,011        (99,922        (1,027,076
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R4

                   

Shares Sold

       34,552        $ 312,513          45,433        $ 412,333  

Shares Issued for Reinvested Dividends

       43,768          409,168          59,117          503,670  

Shares Redeemed

       (357,476        (3,067,692        (49,246        (455,037
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (279,156        (2,346,011        55,304          460,966  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R5

                   

Shares Sold

       9,953        $ 87,599          531,448        $ 4,827,979  

Shares Issued for Reinvested Dividends

       2,656          24,459          4,961          42,828  

Shares Redeemed

       (8,150        (76,799        (552,055        (5,010,915
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       4,459          35,259          (15,646        (140,108
    

 

 

      

 

 

      

 

 

      

 

 

 

Class F

                   

Shares Sold

       234,727        $ 2,034,553          678,348        $ 6,321,547  

Shares Issued for Reinvested Dividends

       45,118          422,013          8,437          75,764  

Shares Redeemed

       (728,964        (7,058,907        (61,275        (580,634
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (449,119        (4,602,341        625,510          5,816,677  
    

 

 

      

 

 

      

 

 

      

 

 

 

Total Net Increase (Decrease)

       (7,548,778      $      (64,842,455        6,691        $      (9,475,772
    

 

 

      

 

 

      

 

 

      

 

 

 
Conservative Allocation Fund                                    

Class A

                   

Shares Sold

       1,927,539        $ 20,597,317          3,066,833        $ 31,594,596  

Shares Issued for Reinvested Dividends

       247,687          2,675,018          295,078          2,859,303  

Shares Redeemed

       (1,877,308        (19,807,169        (1,858,637        (19,164,980
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       297,918          3,465,166          1,503,274          15,288,919  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class C

                   

Shares Sold

       209,412        $ 2,213,734          895,618        $ 9,222,202  

Shares Issued for Reinvested Dividends

       18,786          202,330          29,699          286,600  

Shares Redeemed

       (602,780        (6,406,625        (1,274,867        (13,255,571
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (374,582        (3,990,561        (349,550        (3,746,769
    

 

 

      

 

 

      

 

 

      

 

 

 

 

 

  146  

 


Hartford Multi-Strategy Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

       For the Year Ended
October 31, 2020
       For the Year Ended
October 31, 2019
 
       Shares        Amount        Shares        Amount  
Conservative Allocation Fund – (continued)                                    

Class I

                   

Shares Sold

       88,733        $ 945,899          98,629        $ 1,005,747  

Shares Issued for Reinvested Dividends

       3,272          35,338          5,150          49,958  

Shares Redeemed

       (38,336        (406,988        (107,025        (1,107,930
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       53,669          574,249          (3,246        (52,225
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R3

                   

Shares Sold

       43,777        $ 470,582          80,009        $ 836,343  

Shares Issued for Reinvested Dividends

       6,034          65,407          11,303          109,866  

Shares Redeemed

       (122,210        (1,330,140        (193,650        (2,019,808
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (72,399        (794,151        (102,338        (1,073,599
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R4

                   

Shares Sold

       54,323        $ 583,081          26,838        $ 278,658  

Shares Issued for Reinvested Dividends

       4,695          50,805          7,278          70,668  

Shares Redeemed

       (151,530        (1,543,673        (81,313        (848,402
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (92,512        (909,787        (47,197        (499,076
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R5

                   

Shares Sold

       18,006        $ 195,139          11,041        $ 116,542  

Shares Issued for Reinvested Dividends

       5,129          55,546          6,313          61,359  

Shares Redeemed

       (74,415        (805,682        (11,764        (121,008
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (51,280        (554,997        5,590          56,893  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class F

                   

Shares Sold

              $          4,694        $ 50,530  

Shares Issued for Reinvested Dividends

       31          329          37          356  

Shares Redeemed

                         (4,695        (50,800
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       31          329          36          86  
    

 

 

      

 

 

      

 

 

      

 

 

 

Total Net Increase (Decrease)

       (239,155      $ (2,209,752        1,006,569        $ 9,974,229  
    

 

 

      

 

 

      

 

 

      

 

 

 
Global Real Asset Fund (consolidated)                                    

Class A

                   

Shares Sold

       252,055        $ 1,992,769          205,230        $ 1,804,259  

Shares Issued for Reinvested Dividends

       43,022          388,488          36,782          304,188  

Shares Redeemed

       (408,300        (3,196,028        (594,513        (5,156,678
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (113,223        (814,771        (352,501        (3,048,231
    

 

 

      

 

 

      

 

 

      

 

 

 

Class C

                   

Shares Sold

       5,809        $ 45,323          8,079        $ 69,940  

Shares Issued for Reinvested Dividends

       5,829          51,874          5,384          43,879  

Shares Redeemed

       (135,100        (1,065,726        (188,218        (1,634,670
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (123,462        (968,529        (174,755        (1,520,851
    

 

 

      

 

 

      

 

 

      

 

 

 

Class I

                   

Shares Sold

       796,224        $ 6,104,654          1,550,315        $ 13,600,849  

Shares Issued for Reinvested Dividends

       121,069          1,089,622          92,428          762,529  

Shares Redeemed

       (3,529,140            (26,279,225        (1,272,120            (11,275,190
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (2,611,847        (19,084,949        370,623          3,088,188  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R3

                   

Shares Sold

       2,403        $ 19,783          954        $ 8,610  

Shares Issued for Reinvested Dividends

       218          1,983          211          1,759  

Shares Redeemed

       (13        (92        (4,608        (41,599
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       2,608          21,674          (3,443        (31,230
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R4

                   

Shares Sold

       396        $ 3,188          6,335        $ 57,030  

Shares Issued for Reinvested Dividends

       146          1,324          457          3,789  

Shares Redeemed

       (4,349        (29,596        (23,086        (200,486
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (3,807        (25,084        (16,294        (139,667
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R5

                   

Shares Sold

       13,903        $ 110,089          3,499        $ 30,370  

Shares Issued for Reinvested Dividends

       174          1,553          37          305  

Shares Redeemed

       (3,561        (28,525        (281        (2,465
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       10,516          83,117          3,255          28,210  
    

 

 

      

 

 

      

 

 

      

 

 

 

 

 

  147  

 


Hartford Multi-Strategy Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

       For the Year Ended
October 31, 2020
       For the Year Ended
October 31, 2019
 
       Shares        Amount        Shares        Amount  
Global Real Asset Fund (consolidated) – (continued)                                    

Class Y

                   

Shares Sold

       813,785        $ 6,350,078          955,801        $ 8,339,899  

Shares Issued for Reinvested Dividends

       284,846          2,563,617          323,850          2,671,759  

Shares Redeemed

       (5,965,482        (47,653,015        (4,681,597        (41,222,354
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (4,866,851        (38,739,320        (3,401,946        (30,210,696
    

 

 

      

 

 

      

 

 

      

 

 

 

Class F

                   

Shares Sold

       2,727,251        $ 19,813,540          1,533,466        $ 13,391,577  

Shares Issued for Reinvested Dividends

       381,092          3,429,830          312,549          2,578,535  

Shares Redeemed

       (6,350,386        (48,449,993        (1,622,972        (14,359,432
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (3,242,043        (25,206,623        223,043          1,610,680  
    

 

 

      

 

 

      

 

 

      

 

 

 

Total Net Increase (Decrease)

       (10,948,109      $ (84,734,485        (3,352,018      $     (30,223,597
    

 

 

      

 

 

      

 

 

      

 

 

 
Growth Allocation Fund                                    

Class A

                   

Shares Sold

       2,605,135        $ 31,316,296          3,737,082        $ 45,135,018  

Shares Issued for Reinvested Dividends

       1,739,403          22,480,250          1,611,562          17,870,124  

Shares Redeemed

       (6,553,260            (80,282,451        (6,370,770        (77,501,282
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (2,208,722        (26,485,905        (1,022,126        (14,496,140
    

 

 

      

 

 

      

 

 

      

 

 

 

Class C

                   

Shares Sold

       258,776        $ 3,095,460          395,504        $ 4,737,574  

Shares Issued for Reinvested Dividends

       133,984          1,718,571          101,375          1,122,616  

Shares Redeemed

       (1,406,749        (17,134,642        (1,947,917        (23,616,044
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (1,013,989        (12,320,611        (1,451,038        (17,755,854
    

 

 

      

 

 

      

 

 

      

 

 

 

Class I

                   

Shares Sold

       210,536        $ 2,637,036          290,719        $ 3,500,562  

Shares Issued for Reinvested Dividends

       39,326          505,226          37,928          417,489  

Shares Redeemed

       (420,882        (5,034,993        (364,358        (4,382,780
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (171,020        (1,892,731        (35,711        (464,729
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R3

                   

Shares Sold

       34,446        $ 416,310          62,207        $ 736,961  

Shares Issued for Reinvested Dividends

       21,335          269,072          32,369          350,833  

Shares Redeemed

       (156,043        (1,866,269        (455,805        (5,491,552
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (100,262        (1,180,887        (361,229        (4,403,758
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R4

                   

Shares Sold

       27,491        $ 332,935          45,022        $ 543,667  

Shares Issued for Reinvested Dividends

       19,377          249,170          23,777          262,479  

Shares Redeemed

       (288,874        (3,155,199        (302,126        (3,727,153
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (242,006        (2,573,094        (233,327        (2,921,007
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R5

                   

Shares Sold

       36,125        $ 448,386          40,358        $ 493,212  

Shares Issued for Reinvested Dividends

       19,070          246,703          19,837          219,881  

Shares Redeemed

       (102,221        (1,280,880        (88,384        (1,075,193
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (47,026        (585,791        (28,189        (362,100
    

 

 

      

 

 

      

 

 

      

 

 

 

Class F

                   

Shares Sold

       11,277        $ 146,213          22,870        $ 286,154  

Shares Issued for Reinvested Dividends

       920          11,830          40          441  

Shares Redeemed

       (5,650        (69,262        (4,116        (52,334
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       6,547          88,781          18,794          234,261  
    

 

 

      

 

 

      

 

 

      

 

 

 

Total Net Increase (Decrease)

       (3,776,478      $ (44,950,238        (3,112,826      $ (40,169,327
    

 

 

      

 

 

      

 

 

      

 

 

 
Moderate Allocation Fund                                    

Class A

                   

Shares Sold

       2,213,094        $ 25,119,083          2,307,920        $ 26,152,391  

Shares Issued for Reinvested Dividends

       946,724          11,319,607          2,465,078          26,238,562  

Shares Redeemed

       (4,455,322        (51,125,001        (5,030,209        (57,327,287
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (1,295,504        (14,686,311        (257,211        (4,936,334
    

 

 

      

 

 

      

 

 

      

 

 

 

 

 

  148  

 


Hartford Multi-Strategy Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

       For the Year Ended
October 31, 2020
       For the Year Ended
October 31, 2019
 
       Shares        Amount        Shares        Amount  
Moderate Allocation Fund – (continued)                                    

Class C

                   

Shares Sold

       218,756        $ 2,466,597          304,777        $ 3,455,339  

Shares Issued for Reinvested Dividends

       75,547          895,700          277,874          2,915,470  

Shares Redeemed

       (1,069,017        (12,186,501        (1,548,103        (17,427,939
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (774,714        (8,824,204        (965,452        (11,057,130
    

 

 

      

 

 

      

 

 

      

 

 

 

Class I

                   

Shares Sold

       191,976        $ 2,197,635          197,185        $ 2,279,391  

Shares Issued for Reinvested Dividends

       30,578          366,848          83,253          889,378  

Shares Redeemed

       (284,155        (3,265,648        (386,956        (4,370,137
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (61,601        (701,165        (106,518        (1,201,368
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R3

                   

Shares Sold

       164,710        $ 1,872,373          216,807        $ 2,451,322  

Shares Issued for Reinvested Dividends

       38,859          457,905          133,124          1,395,413  

Shares Redeemed

       (327,044        (3,696,079        (614,892        (6,961,176
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (123,475        (1,365,801        (264,961        (3,114,441
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R4

                   

Shares Sold

       47,208        $ 517,301          71,806        $ 797,617  

Shares Issued for Reinvested Dividends

       8,928          106,871          53,988          574,129  

Shares Redeemed

       (43,047        (506,036        (448,267        (5,233,886
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       13,089          118,136          (322,473        (3,862,140
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R5

                   

Shares Sold

       73,474        $ 874,480          62,443        $ 717,825  

Shares Issued for Reinvested Dividends

       18,509          222,154          41,304          441,322  

Shares Redeemed

       (116,121        (1,298,307        (148,828        (1,740,124
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (24,138        (201,673        (45,081        (580,977
    

 

 

      

 

 

      

 

 

      

 

 

 

Class F

                   

Shares Sold

       10,903        $ 130,772          34,915        $ 398,154  

Shares Issued for Reinvested Dividends

       814          9,766          87          925  

Shares Redeemed

       (3,870        (43,869        (14,816        (172,767
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       7,847          96,669          20,186          226,312  
    

 

 

      

 

 

      

 

 

      

 

 

 

Total Net Increase (Decrease)

       (2,258,496      $ (25,564,349        (1,941,510      $ (24,526,078
    

 

 

      

 

 

      

 

 

      

 

 

 
Multi-Asset Income and Growth Fund                                    

Class A

                   

Shares Sold

       2,309,231        $ 45,748,122          2,587,153        $ 57,948,852  

Shares Issued for Reinvested Dividends

       5,162,076          105,163,342          2,721,019          59,304,234  

Shares Redeemed

       (5,962,080            (119,878,398        (4,290,554            (97,480,858
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       1,509,227          31,033,066          1,017,618          19,772,228  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class C

                   

Shares Sold

       558,821        $ 11,029,593          994,975        $ 22,046,989  

Shares Issued for Reinvested Dividends

       749,180          15,305,211          403,790          8,768,408  

Shares Redeemed

       (1,928,016        (38,667,340        (1,442,000        (32,777,945
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (620,015        (12,332,536        (43,235        (1,962,548
    

 

 

      

 

 

      

 

 

      

 

 

 

Class I

                   

Shares Sold

       3,343,049        $ 65,779,871          2,644,887        $ 58,887,498  

Shares Issued for Reinvested Dividends

       823,015          16,753,953          279,242          6,137,078  

Shares Redeemed

       (3,594,786        (71,808,671        (835,315        (18,884,866
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       571,278          10,725,153          2,088,814          46,139,710  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R3

                   

Shares Sold

       12,295        $ 247,049          27,657        $ 633,822  

Shares Issued for Reinvested Dividends

       12,405          256,187          7,276          160,087  

Shares Redeemed

       (42,290        (880,822        (32,044        (733,113
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (17,590        (377,586        2,889          60,796  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R4

                   

Shares Sold

       7,784        $ 154,029          5,752        $ 132,291  

Shares Issued for Reinvested Dividends

       9,038          187,742          9,377          205,180  

Shares Redeemed

       (45,347        (848,704        (71,798        (1,612,256
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (28,525        (506,933        (56,669        (1,274,785
    

 

 

      

 

 

      

 

 

      

 

 

 

 

 

  149  

 


Hartford Multi-Strategy Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

       For the Year Ended
October 31, 2020
       For the Year Ended
October 31, 2019
 
       Shares        Amount        Shares        Amount  
Multi-Asset Income and Growth Fund – (continued)                                    

Class R5

                   

Shares Sold

       652        $ 13,298          9,610        $ 224,826  

Shares Issued for Reinvested Dividends

       2,694          55,805          725          16,255  

Shares Redeemed

       (11,045        (220,418        (1,158        (26,324
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (7,699        (151,315        9,177          214,757  
    

 

 

      

 

 

      

 

 

      

 

 

 

Class R6

                   

Shares Sold

       9,119        $ 175,383          8,205        $ 188,895  

Shares Issued for Reinvested Dividends

       1,274          26,195          6,292          138,509  

Shares Redeemed

       (563        (10,960        (75,178        (1,758,783
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       9,830          190,618          (60,681        (1,431,379
    

 

 

      

 

 

      

 

 

      

 

 

 

Class Y

                   

Shares Sold

       297,672        $ 5,965,954          200,131        $ 4,661,660  

Shares Issued for Reinvested Dividends

       95,278          1,976,308          68,965          1,527,184  

Shares Redeemed

       (407,803        (7,910,063        (354,110        (8,236,472
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       (14,853        32,199          (85,014        (2,047,628
    

 

 

      

 

 

      

 

 

      

 

 

 

Class F

                   

Shares Sold

       742,416        $ 14,754,381          623,204        $ 14,141,474  

Shares Issued for Reinvested Dividends

       791,234          16,091,496          433,589          9,457,771  

Shares Redeemed

       (1,471,329            (29,233,282        (1,014,416            (23,100,788
    

 

 

      

 

 

      

 

 

      

 

 

 

Net Increase (Decrease)

       62,321          1,612,595          42,377          498,457  
    

 

 

      

 

 

      

 

 

      

 

 

 

Total Net Increase (Decrease)

       1,463,974        $ 30,225,261          2,915,276        $ 59,969,608  
    

 

 

      

 

 

      

 

 

      

 

 

 

 

  (1) 

Inception date was February 28, 2019.

 

14.

Line of Credit:

Each Fund participates in a committed line of credit pursuant to a credit agreement dated March 5, 2020. Each Fund may borrow under the line of credit for temporary or emergency purposes. The Funds (together with certain other Hartford Funds) may borrow up to $350 million in the aggregate, subject to asset coverage and other limitations specified in the credit agreement. The interest rate on borrowings varies depending on the nature of the loan. The facility also charges a commitment fee, which is allocated ratably by assets based on a Fund’s actual net assets if the Fund has total assets of less than or equal to $1.05 billion and for all other participating funds, based on the notional asset level of $1.05 billion. During and as of the year ended October 31, 2020, none of the Funds had borrowings under this facility.

 

15.

Indemnifications:

Under the Company’s organizational documents, the Company shall indemnify its officers and directors to the full extent required or permitted under Maryland General Corporation Law and federal securities laws. In addition, the Company, on behalf of each Fund, may enter into contracts that contain a variety of indemnifications. The Company’s maximum exposure under these arrangements is unknown. However, as of the date of these financial statements, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

 

16.

Recent Accounting Pronouncement:

The Financial Accounting Standards Board (“FASB”) issued ASU 2017-08 (the “ASU”) to amend the amortization period to the earliest call date for purchased callable debt securities held at a premium. The ASU is effective for public entities for fiscal years beginning after December 15, 2018, and for private entities one year later. Upon initial adoption, the impacted Funds adjusted the cost of their callable debt securities by the cumulative amount of amortization that would have been recognized had the amortization period initially extended only to the earliest call date, with a corresponding reclassification between interest income and net realized gain (loss) on investments or net unrealized appreciation (depreciation) of investments in the Statements of Operations. The adoption of the ASU does not affect the impacted Funds’ net asset values and the cumulative effect to the impacted Funds resulting from the adoption of amending the amortization period to the earliest call date for callable debt securities is as follows:

 

            For the Year Ended October 31, 2020  

Funds

   Cost of
Investments

As of
November 1, 2019
     Interest
Income
     Net Unrealized
Appreciation
(Depreciation)
of Investments
    Net Realized
Gain (Loss)
on Investments
    Distributable
Earnings
 

Balanced Income Fund

   $     222,922      $     86,800      $     46,824     $     (133,624   $     (222,922

Balanced Retirement Fund

     18        723        (610     (113     (18

Global Real Asset Fund

     43        29        43       (72     (43

Multi-Asset Income and Growth Fund

     9,177        7,144        (1,170     (5,974     (9,177

 

 

  150  

 


Hartford Multi-Strategy Funds

Notes to Financial Statements – (continued)

October 31, 2020

 

 

 

In August 2018, the FASB issued Accounting Standards Update 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement (“ASU 2018-13”). The update introduces new fair value disclosure requirements, eliminates some prior fair value disclosure requirements, and modifies certain existing fair value disclosure requirements.

ASU 2018-13 is effective for fiscal years beginning after December 15, 2019 and for interim periods within those fiscal years. Management has adopted this guidance and it did not have a material impact on the Funds’ financial statements.

In March 2020, FASB issued Accounting Standards Update (“ASU”) No. 2020-04, Reference Rate Reform (Topic 848); Facilitation of the Effects of Reference Rate Reform on Financial Reporting, which provides optional guidance for a limited period of time to ease the potential burden in accounting for (or recognizing the effects of) reference rate reform. The guidance is applicable to contracts referencing LIBOR or another reference rate that is expected to be discontinued due to reference rate reform. The ASU is effective as of March 12, 2020 and generally can be applied through December 31, 2022. Management is evaluating the underlying securities referencing LIBOR or another reference rate that is expected to be discontinued over the period of time the ASU is effective.

 

17.

Change in Independent Registered Public Accounting Firm:

On November 6, 2019, the Company, on behalf of the Funds, dismissed Ernst & Young LLP (“EY”) as the Funds’ independent registered public accounting firm effective upon the insurance of EY’s report on the Funds’ financial statements as of and for the fiscal year ended October 31, 2019. EY’s report on the Funds’ financial statements for the fiscal years October 31, 2018 and October 31, 2019 contained no adverse opinion or disclaimer of opinion nor was EY’s report qualified or modified as to uncertainty, audit scope or accounting principles. During the Funds’ fiscal periods ended on October 31, 2018 and October 31, 2019 and through December 30, 2019 (the “Covered Period”), (i) there were no disagreements with EY on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of EY, would have caused it to make reference to the subject matter of the disagreements in connection with its reports on the Funds’ financial statements for the Covered Period, and (ii) there were no “reportable events” of the kind described in Item 304(a)(1)(v) of Regulation S-K under the Securities Exchange Act of 1934, as amended.

On November 6, 2019, the Audit Committee of the Company’s Board of Directors participated in and approved the decision to engage PricewaterhouseCoopers LLP (“PwC”) as the independent registered public accounting firm for the Funds for the fiscal year ended October 31, 2020. The selection of PwC does not reflect any disagreements with or dissatisfaction by the Company or the Board of Directors with the performance of the Funds’ prior independent registered public accounting firm, EY. During the Covered Period, neither the Funds, nor anyone on their behalf, consulted with PwC on items which: (i) concerned the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Funds’ financial statements; or (ii) concerned the subject of a disagreement (as defined in paragraph (a)(1)(iv) of Item 304 of Regulation S-K) or reportable events (as described in paragraph (a)(1)(v) of Item 304 of Regulation S-K).

 

18.

Subsequent Events:

In connection with the preparation of the financial statements of the Funds as of and for the year ended October 31, 2020, events and transactions subsequent to October 31, 2020, through the date the financial statements were issued have been evaluated by the Funds’ management for possible adjustment and/or disclosure.

In November 2020, the President of the United States issued an Executive Order (the “Order”) to prohibit, among others, any transaction by any U.S. person in publicly traded securities of certain companies determined to be affiliated with China’s military. The Order, which takes effect on January 11, 2021, is intended to prevent China from exploiting U.S. investors to finance the development and modernization of its military. Such securities may be subject to increased volatility risk and liquidity risk.

 

 

  151  

 


Report of Independent Registered Public Accounting Firm

To the Board of Directors of

The Hartford Mutual Funds, Inc. and Shareholders of The Hartford Balanced Income Fund, Hartford AARP Balanced Retirement Fund, The Hartford Checks and Balances Fund, The Hartford Conservative Allocation Fund, The Hartford Global Real Asset Fund, The Hartford Growth Allocation Fund, Hartford Moderate Allocation Fund and Hartford Multi-Asset Income and Growth Fund

 

 

 

Opinions on the Financial Statements

We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of The Hartford Balanced Income Fund, Hartford AARP Balanced Retirement Fund, The Hartford Checks and Balances Fund, The Hartford Conservative Allocation Fund, The Hartford Global Real Asset Fund, The Hartford Growth Allocation Fund, Hartford Moderate Allocation Fund and Hartford Multi-Asset Income and Growth Fund (eight of the funds constituting The Hartford Mutual Funds, Inc., hereafter collectively referred to as the “Funds”) as of October 31, 2020, and the related statements of operations and changes in net assets, including the related notes, and the financial highlights for the year ended October 31, 2020 (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds as of October 31, 2020, and the results of each of their operations, changes in each of their net assets, and each of the financial highlights for the year then ended, in conformity with accounting principles generally accepted in the United States of America.

The financial statements of the Funds as of and for the year ended October 31, 2019 and the financial highlights for each of the periods ended on or prior to October 31, 2019 (not presented herein, other than the statements of changes in net assets and the financial highlights) were audited by other auditors whose report dated December 30, 2019 expressed an unqualified opinion on those financial statements and financial highlights.    

Basis for Opinions

These financial statements are the responsibility of the Funds’ management. Our responsibility is to express an opinion on the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of October 31, 2020 by correspondence with the custodian, transfer agent, agent banks and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinions.

/s/ PricewaterhouseCoopers LLP

Philadelphia, Pennsylvania

December 29, 2020

We have served as the auditor of one or more Hartford Funds investment companies since 2020.

 

 

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Operation of the Liquidity Risk Management Program (Unaudited)

 

 

 

This section describes the operation and effectiveness of the Liquidity Risk Management Program (“LRM Program”) established in accordance with Rule 22e-4 under the Investment Company Act of 1940, as amended (the “Liquidity Rule”). The LRM Program seeks to assess and manage each Fund’s liquidity risk. The Liquidity Rule generally defines liquidity risk as the risk that a Fund could not meet its obligation to redeem shares without significant dilution of the non-redeeming investors’ interests in the Fund. The Board of Directors (“Board”) of The Hartford Mutual Funds, Inc. has appointed Hartford Funds Management Company, LLC (“HFMC”) to serve as the administrator of the LRM Program with respect to each of the Funds, subject to the oversight of the Board. In order to efficiently and effectively administer the LRM Program, HFMC established a Liquidity Risk Oversight Committee.

The LRM Program is comprised of various components designed to support the assessment and/or management of liquidity risk, including: (1) the assessment and periodic review (no less frequently than annually) of certain factors that influence each Fund’s liquidity risk; (2) the classification and periodic review (no less frequently than monthly) of each Fund’s investments into one of four liquidity categories that reflect an estimate of their liquidity under current market conditions; (3) a 15% limit on the acquisition of “illiquid investments” (as defined under the Liquidity Rule); (4) the determination of a minimum percentage of each Fund’s assets that generally will be invested in highly liquid investments (“HLIM”); (5) the periodic review (no less frequently than annually) of the HLIM and the adoption and implementation of policies and procedures for responding to a shortfall of a Fund’s highly liquid investments below its HLIM; and (6) periodic reporting to the Board.

At a meeting of the Board held May 5-6, 2020, HFMC provided an annual written report to the Board covering the period from the inception date of the current LRM Program through April 30, 2020. The annual report addressed important aspects of the LRM Program, including, but not limited to:

 

   

the operation of the LRM Program (and related policies and procedures utilized in connection with management of the Funds’ liquidity risk);

 

   

an assessment of the adequacy and effectiveness of the LRM Program’s (and related policies and procedures’) implementation;

 

   

the operation, and assessment of the adequacy and effectiveness, of each Fund’s HLIM;

 

   

whether the third-party liquidity vendor’s (“LRM Program Vendor”) processes for determining preliminary liquidity classifications, including the particular methodologies or factors used and metrics analyzed by the LRM Program Vendor, are sufficient under the Liquidity Rule and appropriate in light of each Fund’s specific circumstances; and

 

   

any material changes to the LRM Program.

In addition, HFMC provides a quarterly report on the LRM Program at each quarterly meeting of the Board’s Compliance and Risk Oversight Committee. The quarterly report included information regarding the Funds’ liquidity as measured by established parameters, a summary of developments within the capital markets that may impact liquidity, and other factors that may impact liquidity. Among other things, HFMC reports any changes to a Fund’s HLIM.

Since the inception of the LRM Program, HFMC has not reduced the HLIM for any Fund. HFMC reported that it has increased the HLIM for The Hartford Global Real Asset Fund, and discussed its rationale for the change.

Based on its review and assessment, HFMC has concluded that the LRM Program is operating effectively to assess and manage the liquidity risk of each Fund and that the LRM Program has been and continues to be adequately and effectively implemented with respect to each Fund. Because liquidity in the capital markets in which the Funds invest is beyond the control of the Funds, there can be no assurance that the LRM Program will ensure liquidity under all circumstances and does not protect against the risk of loss.

 

 

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Directors and Officers of the Company (Unaudited)

 

 

 

The Hartford Mutual Funds, Inc. (the “Company”) is governed by a Board of Directors (the “Directors”). The following tables present certain information regarding the Directors and officers of the Company as of October 31, 2020. For more information regarding the Directors and officers, please refer to the Statement of Additional Information, which is available, without charge, upon request by calling 1-888-843-7824.

 

NAME, YEAR OF BIRTH
AND ADDRESS(1)

  

POSITION
HELD WITH
THE COMPANY

 

TERM OF
OFFICE(2) AND
LENGTH OF
TIME SERVED

 

PRINCIPAL OCCUPATION(S)
DURING PAST 5 YEARS

  NUMBER OF
PORTFOLIOS
IN FUND
COMPLEX(3)
OVERSEEN
BY DIRECTOR
  

OTHER DIRECTORSHIPS
FOR PUBLIC COMPANIES
AND OTHER REGISTERED
INVESTMENT COMPANIES
HELD BY DIRECTOR

NON-INTERESTED DIRECTORS*

HILARY E. ACKERMANN

(1956)

   Director   Since 2014   Ms. Ackermann served as Chief Risk Officer at Goldman Sachs Bank USA from October 2008 to November 2011.   73    Ms. Ackermann served as a Director of Dynegy, Inc. from October 2012 until its acquisition in by Vistra Energy Corporation in 2018, and since that time she has served as a Director of Vistra. Ms. Ackermann serves as a Director of Credit Suisse Holdings (USA), Inc. from January 2017 to present.

ROBIN C. BEERY

(1967)

   Director   Since 2017   Ms. Beery has served as a consultant to ArrowMark Partners (an alternative asset manager) since March of 2015 and since November 2018 has been employed by ArrowMark Partners as a Senior Advisor. Previously, she was Executive Vice President, Head of Distribution, for Janus Capital Group, and Chief Executive Officer and President of the Janus Mutual Funds (a global asset manager) from September 2009 to August 2014.   73    Ms. Beery serves as an Independent Director of UMB Financial Corporation (January 2015 to present), has chaired the Compensation Committee since April 2017, and serves on the Audit Committee and the Risk Committee.

LYNN S. BIRDSONG

(1946)

   Director and Chair of the Board   Director since 2003; Chair of the Board since 2019   From January 1981 through December 2013, Mr. Birdsong was a partner in Birdsong Company, an advertising specialty firm. From 1979 to 2002, Mr. Birdsong was a Managing Director of Zurich Scudder Investments, an investment management firm.   73    None

CHRISTINE R. DETRICK

(1958)

   Director   Since 2016   Ms. Detrick served as a Senior Partner/Advisor at Bain & Company (a management consulting firm) from September 2002 to December 2012.   73    Ms. Detrick serves as a Director and Chair of the Nominating and Governance Committee of Reinsurance Group of America (from January 2014 to present). She also serves as a Director of Charles River Associates (May 2020 to present).

DUANE E. HILL(4)

(1945)

   Director   Since 2001   Mr. Hill is a Partner of TSG Ventures L.P., a private equity investment company. Mr. Hill is a former partner of TSG Capital Group, a private equity investment firm that served as sponsor and lead investor in leveraged buyouts of middle market companies.   73    None

LEMMA W. SENBET

(1946)

   Director   Since 2005   Dr. Senbet currently serves as the William E. Mayer Chair Professor of Finance, in the Robert H. Smith School of Business at the University of Maryland, where he was chair of the Finance Department from 1998 to 2006. In June 2013, he began a sabbatical from the University to serve as Executive Director of the African Economic Research Consortium which focuses on economic policy research and training, which he completed in 2018.   73    None

DAVID SUNG

(1953)

   Director   Since 2017   Mr. Sung was a Partner at Ernst & Young LLP from October 1995 to July 2014.   73    Mr. Sung serves as a Trustee of Ironwood Institutional Multi-Strategy Fund, LLC and Ironwood Multi-Strategy Fund, LLC (October 2015 to present).

 

 

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Hartford Multi-Strategy Funds

Directors and Officers of the Company (Unaudited) – (continued)

 

 

 

NAME, YEAR OF BIRTH
AND ADDRESS(1)

  

POSITION
HELD WITH
THE COMPANY

 

TERM OF
OFFICE(2) AND
LENGTH OF
TIME SERVED

 

PRINCIPAL OCCUPATION(S)
DURING PAST 5 YEARS

  NUMBER OF
PORTFOLIOS
IN FUND
COMPLEX(3)
OVERSEEN
BY DIRECTOR
  

OTHER DIRECTORSHIPS
FOR PUBLIC COMPANIES
AND OTHER REGISTERED
INVESTMENT COMPANIES
HELD BY DIRECTOR

OFFICERS AND INTERESTED DIRECTORS

JAMES E. DAVEY(5)

(1964)

   Director, President and Chief Executive Officer   President and Chief Executive Officer since 2010; Director since 2012   Mr. Davey serves as Executive Vice President of The Hartford Financial Services Group, Inc. Mr. Davey has served in various positions within The Hartford and its subsidiaries and joined The Hartford in 2002. Additionally, Mr. Davey serves as Director, Chairman, President, and Senior Managing Director for Hartford Funds Management Group, Inc. (“HFMG”). Mr. Davey also serves as President, Manager, Chairman of the Board, and Senior Managing Director for Hartford Funds Management Company, LLC (“HFMC”); Manager, Chairman of the Board, and President of Lattice Strategies LLC (“Lattice”); Chairman of the Board, Manager, and Senior Managing Director of Hartford Funds Distributors, LLC (“HFD”); and Chairman of the Board, President and Senior Managing Director of Hartford Administrative Services Company (“HASCO”), each of which is an affiliate of HFMG.   73    None

ANDREW S. DECKER

(1963)

   AML Compliance Officer   Since 2015   Mr. Decker serves as Chief Compliance Officer and AML Compliance Officer of HASCO (since April 2015) and Vice President of HASCO (since April 2018). Mr. Decker serves as AML Officer of HFD (since May 2015). Mr. Decker also serves as Vice President of HFMG (since April 2018). Prior to joining The Hartford, Mr. Decker served as Vice President and AML Officer at Janney Montgomery Scott (a broker dealer) from April 2011 to January 2015.   N/A    N/A

AMY N. FURLONG

(1979)

   Vice President and Treasurer   Since 2018   Ms. Furlong serves as Vice President and Assistant Treasurer of HFMC (since September 2019). Ms. Furlong has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Furlong joined The Hartford in 2004.   N/A    N/A

WALTER F. GARGER

(1965)

  

Vice President and Chief

Legal Officer

  Since 2016   Mr. Garger serves as Secretary, Managing Director and General Counsel of HFMG, HFMC, HFD, and HASCO (since 2013). Mr. Garger also serves as Secretary and General Counsel of Lattice (since July 2016). Mr. Garger has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Garger joined The Hartford in 1995.   N/A    N/A

THEODORE J. LUCAS

(1966)

   Vice President   Since 2017   Mr. Lucas serves as Executive Vice President of HFMG (since July 2016) and as Executive Vice President of Lattice (since June 2017). Previously, Mr. Lucas served as Managing Partner of Lattice (2003 to 2016).   N/A    N/A

JOSEPH G. MELCHER

(1973)

   Vice President and Chief Compliance Officer   Since 2013   Mr. Melcher serves as Executive Vice President of HFMG and HASCO (since December 2013). Mr. Melcher also serves as Executive Vice President (since December 2013) and Chief Compliance Officer (since December 2012) of HFMC, serves as Executive Vice President and Chief Compliance Officer of Lattice (since July 2016), serves as Executive Vice President of HFD (since December 2013), and has served as President and Chief Executive Officer of HFD (from April 2018 to June 2019).   N/A    N/A

 

 

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Hartford Multi-Strategy Funds

Directors and Officers of the Company (Unaudited) – (continued)

 

 

 

NAME, YEAR OF BIRTH
AND ADDRESS(1)

  

POSITION
HELD WITH
THE COMPANY

 

TERM OF
OFFICE(2) AND
LENGTH OF
TIME SERVED

 

PRINCIPAL OCCUPATION(S)
DURING PAST 5 YEARS

  NUMBER OF
PORTFOLIOS
IN FUND
COMPLEX(3)
OVERSEEN
BY DIRECTOR
  

OTHER DIRECTORSHIPS
FOR PUBLIC COMPANIES
AND OTHER REGISTERED
INVESTMENT COMPANIES
HELD BY DIRECTOR

VERNON J. MEYER

(1964)

   Vice President   Since 2006   Mr. Meyer serves as Managing Director and Chief Investment Officer of HFMC and Managing Director of HFMG (since 2013). Mr. Meyer also serves as Senior Vice President-Investments of Lattice (since March 2019). Mr. Meyer has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Mr. Meyer joined The Hartford in 2004.   N/A    N/A

ALICE A. PELLEGRINO

(1960)

   Vice President and Assistant Secretary   Since 2016   Ms. Pellegrino serves as Vice President of HFMG (since December 2013). Ms. Pellegrino also serves as Vice President and Assistant Secretary of Lattice (since June 2017). Ms. Pellegrino is a Senior Counsel and has served in various positions within The Hartford and its subsidiaries in connection with the operation of the Hartford Funds. Ms. Pellegrino joined The Hartford in 2007.   N/A    N/A

THOMAS R. PHILLIPS

(1960)

   Vice President and Secretary   Since 2017   Mr. Phillips is Deputy General Counsel for HFMG and currently serves as Vice President (since February 2017) and Assistant Secretary (since June 2017) for HFMG. Prior to joining HFMG in 2017, Mr. Phillips was a Director and Chief Legal Officer of Saturna Capital Corporation from 2014–2016. Prior to that, Mr. Phillips was a Partner and Deputy General Counsel of Lord, Abbett & Co. LLC.   N/A    N/A

 

*

Following their election by shareholders, the following persons become Directors effective November 2, 2020:

  

Derrick D. Cephas – Until his retirement in October 2020, Mr. Cephas was a Partner of Weil, Gotshal & Manges LLP, an international law firm headquartered in New York, where he served as the Head of the Financial Institutions Practice (April 2011 to October 2020). Mr. Cephas serves as a Director of Signature Bank, a New York-based commercial bank, and is a member of the Credit Committee, Examining Committee and Risk Committee (March 2016 to present).

  

Andrew A. Johnson – Mr. Johnson currently serves as a Diversity and Inclusion Advisor at Neuberger Berman, a private, global investment management firm. Prior to his current role, Mr. Johnson served as Chief Investment Officer and Head of Global Investment Grade Fixed Income at Neuberger Berman (January 2009 to December 2018).

  

Paul L. Rosenberg – Mr. Rosenberg is a Partner of The Bridgespan Group, a global nonprofit consulting firm that is a social impact advisor to nonprofits, non-governmental organizations, philanthropists and institutional investors (October 2007 to present).

(1)

The address for each officer and Director is c/o Hartford Funds 690 Lee Road, Wayne, Pennsylvania 19087.

(2)

Each Director holds an indefinite term until his or her retirement, resignation, removal, or death. Directors generally must retire no later than December 31 of the year in which the Director turns 75 years of age. Each Fund officer generally serves until his or her resignation, removal, or death.

(3)

The portfolios of the “Fund Complex” are operational series of The Hartford Mutual Funds, Inc., The Hartford Mutual Funds II, Inc., Hartford Series Fund, Inc., Hartford HLS Series Fund II, Inc., Lattice Strategies Trust, Hartford Funds Exchange-Traded Trust, and Hartford Schroders Opportunistic Income Fund.

(4)

Effective December 31, 2020, Mr. Hill will retire from the Board of Directors.

(5)

“Interested person,” as defined in the 1940 Act, of the Company because of the person’s affiliation with, or equity ownership of, HFMC, HFD or affiliated companies.

 

 

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Hartford Multi-Strategy Funds

 

 

 

 

HOW TO OBTAIN A COPY OF EACH FUND’S PROXY VOTING POLICIES AND VOTING RECORDS (UNAUDITED)

A description of the policies and procedures that each Fund uses to determine how to vote proxies relating to portfolio securities and information about how each Fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 are available (1) without charge, upon request, by calling 888-843-7824 and (2)  on the SEC’s website at http://www.sec.gov.

QUARTERLY PORTFOLIO HOLDINGS INFORMATION (UNAUDITED)

Each Fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. Each Fund’s Form N-PORT reports are available (1) without charge, upon request, by calling 888-843-7824, (2) on the Funds’ website, hartfordfunds.com, and (3) on the SEC’s website at http://www.sec.gov.

 

 

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Hartford Multi-Strategy Funds

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)

 

 

 

The Hartford Mutual Funds, Inc.

Hartford AARP Balanced Retirement Fund

The Hartford Balanced Income Fund

The Hartford Checks and Balances Fund

The Hartford Conservative Allocation Fund

The Hartford Global Real Asset Fund

The Hartford Growth Allocation Fund

Hartford Moderate Allocation Fund

Hartford Multi-Asset Income and Growth Fund

(each, a “Fund” and collectively, the “Funds”)

Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that each mutual fund’s board of directors, including a majority of those directors who are not “interested persons” of the mutual fund, as defined in the 1940 Act (the “Independent Directors”), annually review and consider the continuation of the mutual fund’s investment advisory and sub-advisory agreements. At its meeting held on August 4-5, 2020, the Board of Directors (the “Board”) of The Hartford Mutual Funds, Inc. (“HMF”), including each of the Independent Directors, unanimously voted to approve (i) the continuation of an investment management agreement by and between Hartford Funds Management Company, LLC (“HFMC”) and each of HMF, on behalf of each of the Funds, and The Hartford Mutual Funds II, Inc. (“HMF II”), on behalf of its series (the “Management Agreement”); and (ii) with respect to each of the Hartford AARP Balanced Retirement Fund, The Hartford Balanced Income Fund, The Hartford Global Real Asset Fund, and the Hartford Multi-Asset Income and Growth Fund (each, a “Sub-Advised Fund” and collectively, the “Sub-Advised Funds”), the continuation of an investment sub-advisory agreement (the “Sub-Advisory Agreement,” and together with the Management Agreement, the “Agreements”) between HFMC and Wellington Management Company LLP (the “Sub-adviser,” and together with HFMC, the “Advisers”).

In the months preceding the August 4-5, 2020 meeting, the Board requested and reviewed written responses from the Advisers to questions posed to the Advisers on behalf of the Independent Directors and supporting materials relating to those questions and responses. In addition, the Board considered such additional information as it deemed reasonably necessary to evaluate the Agreements, as applicable, with respect to each Fund, which included information furnished to the Board and its committees at their meetings throughout the year and in between regularly scheduled meetings on particular matters as the need arose, as well as information specifically prepared in connection with the approval of the continuation of the Agreements that was presented at the Board’s meetings held on June 16-17, 2020 and August 4-5, 2020. Information provided to the Board and its committees at their meetings throughout the year included, among other things, reports on Fund performance, legal, compliance and risk management matters, sales and marketing activity, shareholder services, and the other services provided to each Fund by the Advisers and their affiliates. The members of the Board also considered the materials and presentations by Fund officers and representatives of HFMC received at the Board’s meetings on June 16-17, 2020 and August 4-5, 2020 concerning the Agreements and at the special meeting of the Board’s Investment Committee on May 12, 2020 concerning Fund performance and other investment-related matters.

The Independent Directors, advised by independent legal counsel throughout the evaluation process, engaged service providers to assist them with evaluating the Agreements with respect to each Fund, as applicable. Broadridge Financial Solutions, Inc. (“Broadridge”), an independent provider of investment company data, was retained to provide the Board with reports on how each Fund’s contractual management fees, actual management fees, overall expense ratios and investment performance compared to those of comparable mutual funds with similar investment objectives. The Independent Directors also engaged an independent financial services consultant (the “Consultant”) to assist them in evaluating each Fund’s contractual management fees and actual management fees, if any, overall expense ratios and investment performance. In addition, the Consultant reviewed the profitability methodologies utilized by HFMC in connection with the continuation of the Management Agreement.

In determining whether to approve the continuation of the Agreements for a Fund, the members of the Board reviewed and evaluated information and factors they believed to be relevant and appropriate through the exercise of their reasonable business judgment. While individual members of the Board may have weighed certain factors differently, the Board’s determination to approve the continuation of the Agreements was based on a comprehensive consideration of all information provided to the Board throughout the year and specifically with respect to the continuation of the Agreements. The Board was also furnished with an analysis of its fiduciary obligations in connection with its evaluation of the Agreements. Throughout the evaluation process, the Board was assisted by counsel for the Funds. The Independent Directors were also separately assisted by independent legal counsel throughout the evaluation process. In connection with their deliberations, the Independent Directors met separately with independent legal counsel and the Consultant on June 12, 2020 and in executive session on several occasions to consider their responsibilities under relevant laws and regulations and to discuss the materials presented and other matters deemed relevant to their consideration of the approval of the continuation of the Agreements. As a result of the discussions that occurred during the June 12, 2020 and June 16-17, 2020 meetings, the Independent Directors presented HFMC with requests for additional information on certain topics. HFMC responded to these requests with written additional information in advance of the August 4-5, 2020 meeting. A more detailed summary of the important, but not necessarily all, factors the Board considered with respect to its approval of the continuation of the Agreements is provided below.

Nature, Extent and Quality of Services Provided by the Advisers

The Board requested and considered information concerning the nature, extent and quality of the services provided to each Fund by the Advisers. The Board considered, among other things, the terms of the Agreements and the range of services provided by the Advisers. The Board considered the

 

 

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Hartford Multi-Strategy Funds

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

 

 

 

Advisers’ professional personnel who provide services to the Funds, including each Adviser’s ability and experience in attracting and retaining qualified personnel to service the Funds. The Board considered each Adviser’s reputation and overall financial strength, as well as each Adviser’s willingness to consider and implement organizational and operational changes designed to enhance services to the funds managed by HFMC and its affiliates (the “Hartford funds”). In addition, the Board considered the quality of each Adviser’s communications with the Board and responsiveness to Board inquiries and requests made from time to time with respect to the Funds and other Hartford funds. In this regard, the Board took into account the Advisers’ communications with the Board in light of the market volatility amidst the coronavirus (“COVID-19”) pandemic.

The Board also requested and evaluated information concerning each Adviser’s regulatory and compliance environment. In this regard, the Board requested and reviewed information about each Adviser’s compliance policies and procedures, compliance history, and a report from the Funds’ Chief Compliance Officer about each Adviser’s compliance with applicable laws and regulations, including responses to regulatory developments and any compliance or other issues raised by regulators. The Board also noted the Advisers’ support of the Funds’ compliance control structure, as applicable, and, in particular, the resources devoted by the Advisers in support of the Funds’ obligations pursuant to Rule 38a-1 under the 1940 Act and the Funds’ liquidity risk management program, as well as the efforts of the Advisers to combat cybersecurity risks. The Board also considered HFMC’s investments in business continuity planning designed to benefit the Funds, and the implementation of HFMC’s business continuity plans due to the COVID-19 pandemic. The Board also noted HFMC’s commitment to maintaining high quality systems and expending substantial resources to prepare for and respond to ongoing changes to the market, regulatory and control environments in which the Funds and their service providers operate, including changes associated with the COVID-19 pandemic.

With respect to HFMC, the Board noted that, under the Management Agreement, HFMC is responsible for the management of the Funds, including oversight of fund operations and service providers, and the provision of administrative and investment advisory services in connection with selecting, monitoring and supervising the Sub-adviser for the Sub-Advised Funds. In this regard, the Board evaluated information about the nature and extent of responsibilities retained and risks assumed by HFMC that were not delegated to or assumed by the Sub-adviser. The Board noted that HFMC directly manages The Hartford Checks and Balances Fund, The Hartford Conservative Allocation Fund, The Hartford Growth Allocation Fund, and Hartford Moderate Allocation Fund (collectively, the “Allocation Funds”), which do not employ a sub-adviser. The Board considered HFMC’s ongoing monitoring of people, process and performance, including its quarterly reviews of each of the Hartford funds, semi-annual meetings with the leaders of each Fund’s portfolio management team, and oversight of the Hartford funds’ portfolio managers. The Board noted that HFMC has demonstrated a record of initiating changes to the portfolio management and/or investment strategies of the Hartford funds when warranted. The Board considered HFMC’s periodic due diligence reviews of the Sub-adviser and ongoing oversight of the Sub-adviser’s investment approach and results, process for monitoring best execution of portfolio trades and other trading operations by the Sub-adviser, and approach to risk management with respect to the Funds and the service providers to the Funds. The Board considered HFMC’s oversight of the securities lending program for the Funds that engage in securities lending and noted the income earned by the Funds that participate in such program. The Board also considered HFMC’s day-to-day oversight of each Fund’s compliance with its investment objective and policies as well as with applicable laws and regulations, noting that regulatory and other developments had over time led to an increase in the scope of HFMC’s oversight in this regard. Moreover, the Board considered HFMC’s oversight of potential conflicts of interest between the Funds’ investments and those of other funds or accounts managed by the Funds’ portfolio management personnel.

In addition, the Board considered HFMC’s ongoing commitment to review and rationalize the Hartford funds product line-up. The Board also considered the expenses that HFMC had incurred, as well as the risks HFMC had assumed, in connection with the launch of new funds and changes to existing Hartford funds in recent years. The Board considered that HFMC is responsible for providing the Funds’ officers.

With respect to the Sub-adviser, which provides certain day-to-day portfolio management services for the Sub-Advised Funds, subject to oversight by HFMC, and HFMC, which provides the day-to-day portfolio management services for the Allocation Funds, the Board considered, among other things, the Sub-adviser’s investment personnel, investment philosophy and process, investment research capabilities and resources, performance record, trade execution capabilities and experience. With respect to The Hartford Global Real Asset Fund, the Board also considered the Sub-adviser’s flexibility in implementing the inflation hedge overlay in a low inflation environment. The Board considered the experience of each Fund’s portfolio manager(s), the number of accounts managed by the portfolio manager(s), and the Sub-adviser’s method for compensating the portfolio manager(s). The Board also considered the Sub-adviser’s succession planning practices to ensure continuity of portfolio management services provided to the Funds.

The Board considered the benefits to shareholders of being part of the family of Hartford funds, including, with respect to certain share classes, the right to exchange investments between the same class of shares without a sales charge, the ability to reinvest Fund dividends into other Hartford funds (excluding the Hartford funds that are exchange-traded funds or an interval fund), and the ability to combine holdings in a Fund with holdings in other Hartford funds (excluding the Hartford funds that are exchange-traded funds or an interval fund) and 529 plans for which HFMC serves as the program manager to obtain a reduced sales charge. The Board considered HFMC’s efforts to provide investors in the Hartford funds with a broad range of investment styles and asset classes and the assumption of entrepreneurial and other risks by HFMC in sponsoring and providing ongoing services to new funds to expand these opportunities for shareholders. In addition, the Board observed that in the marketplace there are a range of investment options available to each Fund’s shareholders and such shareholders, having had the opportunity to consider other investment options, have chosen to invest in the Fund.

 

 

 

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Hartford Multi-Strategy Funds

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

 

 

 

Based on these considerations, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to each Fund by HFMC and, as applicable, the Sub-adviser.

Performance of each Fund and the Advisers

The Board considered the investment performance of each Fund. In this regard, the Board reviewed the performance of each Fund over different time periods presented in the materials and evaluated HFMC’s analysis of the Fund’s performance for these time periods. The Board considered information and materials provided to the Board by the Advisers concerning Fund performance, as well as information from Broadridge comparing the investment performance of each Fund to an appropriate universe of peer funds. The Board noted that while it found the comparative data provided by Broadridge generally useful in evaluating a Hartford fund’s investment performance, the Board recognized the limitations of such data, including, in particular, that notable differences may exist between a Hartford fund and its peers. The Board also noted that, for the Hartford AARP Balanced Retirement Fund, The Hartford Global Real Asset Fund, and the Hartford Multi-Asset Income and Growth Fund, there existed no peer group with a strong correlation to each Fund’s investment strategy. For each of these Funds, the Board considered supplemental performance evaluation information. For details regarding each Fund’s performance, see the Fund-by-Fund synopsis below.

The Board considered the detailed investment analytics reports provided by HFMC’s Investment Advisory Group throughout the year, including in connection with the approval of the continuation of the Agreements. These reports included, among other things, information on each Fund’s gross returns and net returns, the Fund’s investment performance compared to one or more appropriate benchmarks and relevant groups or categories of peer funds, various statistics concerning the Fund’s portfolio, a narrative summary of various factors affecting Fund performance, and commentary on the effect of current and recent market conditions. The Board considered the Advisers’ work with the Investment Committee, which assists the Board in evaluating the performance of each Fund at periodic meetings throughout the year and specifically with respect to the approval of the continuation of the Agreements. The Board considered that the Investment Committee, in its evaluation of investment performance at meetings throughout the year, focused particular attention on information indicating less favorable performance of certain Hartford funds for specific time periods and discussed with the Advisers the reasons for such performance. The Board also considered the analysis provided by the Consultant relating to each Fund’s performance track record.

In light of all the considerations noted above, the Board concluded that it had continued confidence in HFMC’s and the Sub-adviser’s overall capabilities to manage the Funds.

Costs of the Services and Profitability of the Advisers

The Board reviewed information regarding HFMC’s cost to provide investment management and related services to each Fund and HFMC’s profitability, both overall and for each Fund, on a pre-tax basis without regard to distribution expenses. The Board also requested and reviewed information about the profitability to HFMC and its affiliates from all services provided to each Fund and all aspects of their relationship with the Fund, including information regarding profitability trends over time and information provided by Broadridge analyzing the profitability of managers to other fund complexes. In connection with these considerations, the Board took into account that the Hartford AARP Balanced Retirement Fund does not pay a management fee for the portion of the Fund’s assets invested in investment companies for which HFMC or its affiliates serve as investment manager. The Board also requested and received information relating to the operations and profitability of the Sub-adviser. The Board considered representations from HFMC and the Sub-adviser that the Sub-adviser’s fees were negotiated at arm’s length on a Fund-by-Fund basis and that the sub-advisory fees are paid by HFMC and not the Sub-Advised Funds. Accordingly, the Board concluded that the profitability of the Sub-adviser is a less relevant factor with respect to the Board’s consideration of the Sub-Advisory Agreement.

The Board considered the Consultant’s review of the methodologies and estimates used by HFMC in calculating profitability in connection with the continuation of the Management Agreement, including a description of the methodology used to allocate certain expenses. The Board noted that the Consultant, at the Independent Directors’ request, performed a full review of HFMC’s process for calculating and reporting Fund profitability consistent with similar periodic reviews previously performed by the Consultant. The Board noted the Consultant’s view that such process is reasonable, sound, and consistent with common industry practice.

Based on these considerations, the Board concluded that the profits realized by the Advisers and their affiliates from their relationships with each Fund were not excessive.

Comparison of Fees and Services Provided by the Advisers

The Board considered the comparative information that had been provided at meetings on June 16-17, 2020 and August 4-5, 2020 with respect to the services rendered to and the management fees to be paid by each Fund to HFMC and the total expense ratios of the Fund. The Board also considered comparative information with respect to the sub-advisory fees to be paid by HFMC to the Sub-adviser with respect to each Sub-Advised Fund. In this regard, the Board requested and reviewed information from HFMC and the Sub-adviser relating to the management and sub-advisory fees, including the sub-advisory fee schedule for each Sub-Advised Fund and the amount of the management fee retained by HFMC, and total operating expenses for each Fund. The Board also reviewed information from Broadridge comparing each Fund’s contractual management fees, actual management fees

 

 

  160  

 


Hartford Multi-Strategy Funds

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

 

 

 

and total expense ratios relative to an appropriate group of funds selected by Broadridge. The Board considered such information from Broadridge in consultation with the Consultant. For details regarding each Fund’s expenses, see the Fund-by-Fund synopsis below.

The Board considered the methodology used by Broadridge to select the funds included in the expense groups. While the Board recognized that comparisons between a Fund and its peer funds may be imprecise given, among other differences, the different service levels and characteristics of mutual funds and the different business models and cost structures of the Advisers, the comparative information provided by Broadridge assisted the Board in evaluating the reasonableness of each Fund’s fees and total operating expenses. In addition, the Board considered the analysis and views of the Consultant relating to each Fund’s fees and total operating expenses.

The Board received information regarding fees charged by the Sub-adviser to any other clients with investment strategies similar to those of the Funds, including institutional separate account clients and registered fund clients for which the Sub-adviser serves as either primary investment adviser or sub-adviser. The Board considered the explanations provided by the Sub-adviser about any differences between the Sub-adviser’s services to the Funds and the services the Sub-adviser provides to other types of clients. In this regard, the Board reviewed information about the generally broader scope of services and compliance, reporting and other legal burdens and risks of managing registered funds compared with those associated with managing assets of non-registered fund clients such as institutional separate accounts.

The Board also considered that the management fees paid by the Allocation Funds are for services provided in addition to, and are not duplicative of, services provided under the investment management agreement(s) of the underlying funds in which the Allocation Funds may invest.

Based on these considerations, the Board concluded that each Fund’s fees and total operating expenses, in conjunction with the information about quality of services, profitability, economies of scale, and other matters considered, were reasonable in light of the services provided.

Economies of Scale

The Board considered information regarding the extent to which economies of scale may be realized as a Fund grows and whether fee levels reflect these economies of scale for the benefit of shareholders of the Fund. The Board reviewed the breakpoints in the management fee schedule for each Fund, if any, which reduce fee rates as the Fund’s assets grow over time. The Board recognized that a Fund with assets beyond the highest breakpoint level will continue to benefit from economies of scale because additional assets are charged the lowest breakpoint fee resulting in lower overall effective management fee rates. The Board also recognized that a fee schedule that reaches a breakpoint at a lower asset level provides shareholders with the benefit of anticipated or potential economies of scale. The Board considered that expense limitations and fee waivers that reduce a Fund’s expenses at all asset levels can have the same effect as breakpoints in sharing economies of scale with shareholders and provide protection from an increase in expenses if the Fund’s assets decline. In addition, the Board considered that initially setting competitive fee rates, pricing a Fund to scale at inception and making additional investments intended to enhance services available to shareholders are other means of sharing anticipated or potential economies of scale with shareholders. The Board also considered that HFMC has been active in managing expenses, which has resulted in benefits being realized by shareholders. The Board also noted that, for the Hartford AARP Balanced Retirement Fund and The Hartford Global Real Asset Fund, the Fund’s current low asset levels have kept the Fund from fully realizing the benefits of anticipated or potential economies of scale.

The Board reviewed and evaluated materials from Broadridge and the Consultant showing how management fee schedules of peer funds reflect economies of scale for the benefit of shareholders as a peer fund’s assets hypothetically increase over time. Based on information provided by HFMC, Broadridge, and the Consultant, the Board recognized that there is no uniform methodology for establishing breakpoints or uniform pattern in asset levels that trigger breakpoints or the amounts of breakpoints triggered.

After considering all of the information available to it, the Board concluded that it was satisfied with the extent to which economies of scale would be shared for the benefit of each Fund’s shareholders based on currently available information and the effective management fees and total expense ratios for the Fund at its current and reasonably anticipated asset levels. The Board noted, however, that it would continue to monitor any future growth in each Fund’s assets and the appropriateness of additional management fee breakpoints or other methods to share benefits from economies of scale as part of its future review of the Agreements.

Other Benefits

The Board considered other benefits to the Advisers and their affiliates from their relationships with the Funds.

The Board noted that HFMC receives fees for fund accounting and related services from the Funds, and the Board considered information on the profitability to HFMC from providing such services to the Funds. The Board also considered that each Fund pays a transfer agency fee to Hartford Administrative Services Company (“HASCO”), an affiliate of HFMC, equal to the lesser of: (i) the actual costs incurred by HASCO in connection with the provisions of transfer agency services, including payments made to sub-transfer agents, plus a reasonable target profit margin; or (ii) a specified amount as set forth in the Transfer Agency and Service Agreement by and between HMF, on behalf of its Funds, HMF II, on behalf of its series, and HASCO. The Board reviewed information about the profitability to HASCO of the Funds’ transfer agency function. The Board considered information provided by HFMC indicating that the transfer agency fees charged by HASCO to the Funds were fair and reasonable based on publicly available information. The Board also noted that HFMC and HASCO had delegated certain fund accounting services and transfer agency services, respectively, to external service providers.

 

 

  161  

 


Hartford Multi-Strategy Funds

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

 

 

 

The Board also considered that Hartford Funds Distributors, LLC (“HFD”), an affiliate of HFMC, serves as principal underwriter of the Funds. The Board noted that, as principal underwriter, HFD receives distribution and service fees from the Funds and receives all or a portion of the sales charges on sales or redemptions of certain classes of shares.

The Board considered the benefits, if any, to the Sub-adviser from any use of a Fund’s brokerage commissions to obtain soft dollar research.

Fund-by-Fund Factors

For purposes of the Fund-by-Fund discussion below, Fund performance is referred to as “in line with” a Fund’s benchmark where it was 0.5% above or below the benchmark return, and each Fund’s performance relative to its primary benchmark reflects the net performance of the Fund’s Class I shares as of March 31, 2020.

Hartford AARP Balanced Retirement Fund

 

 

The Board noted that the Fund’s performance was in the 2nd quintile of its performance universe for the 1-, 3-, and 5-year periods. The Board also noted that the Fund’s performance was below its custom blended benchmark for the 1-, 3-, and 5-year periods. The Board noted that certain changes had recently been made to the Fund’s principal investment strategy.

 

 

The Board noted that the Fund’s contractual management fee, actual management fee, and total expenses (less 12b-1 and shareholder service fees) were in the 1st quintile of its expense group. The Board noted that Class A shares of the Fund have a contractual expense cap of 0.96% through February 28, 2021, which resulted in HFMC reimbursing the Fund for certain expenses.

The Hartford Balanced Income Fund

 

 

The Board noted that the Fund’s performance was in the 1st quintile of its performance universe for the 1- and 5-year periods and the 2nd quintile for the 3-year period. The Board also noted that the Fund’s performance was above its custom blended benchmark for the 1-, 3-, and 5-year periods. The Board noted recent changes to the Fund’s portfolio management team.

 

 

The Board noted that the Fund’s contractual management fee and actual management fee were in the 3rd quintile of its expense group, while its total expenses (less 12b-1 and shareholder service fees) were in the 2nd quintile. The Board noted that Class Y shares of the Fund have a contractual transfer agency expense cap of 0.10% through February 28, 2021.

The Hartford Checks and Balances Fund

 

 

The Board noted that the Fund’s performance was in the 2nd quintile of its performance universe for the 1-, 3-, and 5-year periods. The Board also noted that the Fund’s performance was below its custom blended benchmark for the 1-, 3-, and 5-year periods.

 

 

The Board noted that the Fund’s total expenses (less 12b-1 and shareholder service fees) were in the 1st quintile of its expense group.

The Hartford Conservative Allocation Fund

 

 

The Board noted that the Fund’s performance was in the 3rd quintile of its performance universe for the 1- and 3-year periods and the 4th quintile for the 5-year period. The Board also noted that the Fund’s performance was below its custom blended benchmark for the 1-, 3-, and 5-year periods. The Board noted that HFMC terminated the Fund’s sub-advisory agreement with the Sub-adviser in 2015.

 

 

The Board noted that the Fund’s total expenses (less 12b-1 and shareholder service fees) were in the 3rd quintile of its expense group. The Board noted that Class A shares of the Fund have a contractual expense cap of 1.19% through February 28, 2021, which resulted in HFMC reimbursing the Fund for certain expenses.

The Hartford Global Real Asset Fund

 

 

The Board noted that the Fund’s performance was in the 5th quintile of its performance universe for the 1-, 3-, and 5-year periods. The Board also noted that the Fund’s performance was below its custom blended benchmark for the 1-, 3-, and 5-year periods. The Board noted that certain changes had recently been made to the Fund’s principal investment strategy.

 

 

The Board noted that the Fund’s contractual management fee and total expenses (less 12b-1 and shareholder service fees) were in the 3rd quintile of its expense group, while its actual management fee was in the 2nd quintile. In considering the Fund’s expenses, the Board noted the shareholder savings expected to result from a permanent fee reduction implemented in 2019. The Board noted that Class A shares of the Fund have a contractual expense cap of 1.25% through February 28, 2021, which resulted in HFMC reimbursing the Fund for certain expenses.

The Hartford Growth Allocation Fund

 

 

The Board noted that the Fund’s performance was in the 4th quintile of its performance universe for the 1-, 3-, and 5-year periods. The Board also noted that the Fund’s performance was below its custom blended benchmark for the 1-, 3-, and 5-year periods. The Board noted that HFMC terminated the Fund’s sub-advisory agreement with the Sub-adviser in 2014.

 

 

The Board noted that the Fund’s total expenses (less 12b-1 and shareholder service fees) were in the 3rd quintile of its expense group.

 

 

  162  

 


Hartford Multi-Strategy Funds

Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited) – (continued)

 

 

 

Hartford Moderate Allocation Fund

 

 

The Board noted that the Fund’s performance was in the 4th quintile of its performance universe for the 1- and 5-year periods and the 3rd quintile for the 3-year period. The Board also noted that the Fund’s performance was below its custom blended benchmark for the 1-, 3-, and 5-year periods. The Board noted that HFMC terminated the Fund’s sub-advisory agreement with the Sub-adviser in 2015.

 

 

The Board noted that the Fund’s total expenses (less 12b-1 and shareholder service fees) were in the 3rd quintile of its expense group.

Hartford Multi-Asset Income and Growth Fund

 

 

The Board noted that the Fund’s performance was in the 3rd quintile of its performance universe for the 1-year period and the 2nd quintile for the 3- and 5-year periods. The Board also noted that the Fund’s performance was below its custom blended benchmark for the 1-, 3-, and 5-year periods.

 

 

The Board noted that the Fund’s contractual management fee and actual management fee were in the 3rd quintile of its expense group, while its total expenses (less 12b-1 and shareholder service fees) were in the 2nd quintile. The Board noted that Class Y shares of the Fund have a contractual transfer agency expense cap of 0.09% through February 28, 2021.

* * * *

Based upon its review of these various factors, among others, the Board concluded that it is in the best interests of each Fund and its shareholders for the Board to approve the continuation of the Agreements for an additional year. In reaching this decision, the Board did not assign relative weights to the factors discussed above or deem any one or group of them to be controlling in and of themselves.

 

 

  163  

 


Hartford Multi-Strategy Funds

Supplemental Proxy Information (Unaudited)

 

 

 

A joint special meeting of shareholders of the Funds was held on October 21, 2020 (the “Shareholder Meeting”). The Shareholder Meeting was held for the purpose of electing members of the Funds’ Board of Directors. Shareholders elected the following ten (10) Directors at the Shareholder Meeting:

 

   

Hilary E. Ackermann

   

Robin C. Beery

   

Lynn S. Birdsong

   

Derrick D. Cephas

   

James E. Davey

   

Christine R. Detrick

   

Andrew A. Johnson

   

Paul L. Rosenberg

   

Lemma W. Senbet

   

David Sung

The results of the shareholders’ election of Directors were as follows:

 

The Hartford Mutual Funds, Inc.

 

  Shares Outstanding (as of Record Date): 4,786,852,771.602

  Total Shares Voted: 3,984,902,623.370

  Percentage of Shares Voted: 83.246%

 

 

 

 

 

  Director

  

Vote

  

Total Shares Voted

   Percentage of
Shares Voted
     Percentage
of Shares
Outstanding
 

  Hilary E. Ackermann

   For:    3,902,805,882.770      97.940      81.531
   Withheld:    82,096,740.600      2.060      1.715

  Robin C. Beery

   For:    3,915,421,841.765      98.257      81.795
   Withheld:    69,480,781.605      1.743      1.451

  Lynn S. Birdsong

   For:    3,905,268,785.333      98.002      81.583
   Withheld:    79,633,838.037      1.998      1.663

  Derrick D. Cephas

   For:    3,906,387,023.712      98.030      81.606
   Withheld:    78,515,599.658      1.970      1.640

  James E. Davey

   For:    3,911,005,174.673      98.146      81.703
   Withheld:    73,897,448.697      1.854      1.543

  Christine R. Detrick

   For:    3,915,250,969.140      98.253      81.791
   Withheld:    69,651,654.230      1.747      1.455

  Andrew A. Johnson

   For:    3,908,222,118.290      98.076      81.645
   Withheld:    76,680,505.080      1.924      1.601

  Paul L. Rosenberg

   For:    3,904,491,528.107      97.983      81.567
   Withheld:    80,411,095.263      2.017      1.679

  Lemma W. Senbet

   For:    3,908,008,747.183      98.071      81.640
   Withheld:    76,893,876.187      1.929      1.606

  David Sung

   For:    3,899,522,144.326      97.858      81.463
   Withheld:    85,380,479.044      2.142      1.783

As of the date of the Shareholder Meeting, Mr. Duane E. Hill served as a Director and did not seek re-election. Mr. Hill will continue to serve as a Director until his scheduled retirement on December 31, 2020.

 

 

  164  

 


THIS PRIVACY POLICY IS NOT PART OF THIS REPORT

CUSTOMER PRIVACY NOTICE

The Hartford Financial Services Group, Inc. and Affiliates*

(herein called “we, our, and us”)

This Privacy Policy applies to our United States Operations

 

We value your trust. We are committed to the responsible:

a) management;

b) use; and

c) protection;

of Personal Information.

This notice describes how we collect, disclose, and protect Personal Information.

We collect Personal Information to:

a) service your Transactions with us; and

b) support our business functions.

We may obtain Personal Information from:

a) You;

b) your Transactions with us; and

c) third parties such as a consumer-reporting agency.

Based on the type of product or service You apply for or get from us, Personal Information such as:

a) your name;

b) your address;

c) your income;

d) your payment; or

e) your credit history;

may be gathered from sources such as applications, Transactions, and consumer reports.

To serve You and service our business, we may share certain Personal Information. We will share Personal Information, only as allowed by law, with affiliates such as:

a) our insurance companies;

b) our employee agents;

c) our brokerage firms; and

d) our administrators.

As allowed by law, we may share Personal Financial Information with our affiliates to:

a) market our products; or

b) market our services;

to You without providing You with an option to prevent these disclosures.

We may also share Personal Information, only as allowed by law, with unaffiliated third parties including:

a) independent agents;

b) brokerage firms;

c) insurance companies;

d) administrators; and

e) service providers;

who help us serve You and service our business.

When allowed by law, we may share certain Personal Financial Information with other unaffiliated third parties who assist us by performing services or functions such as:

a) taking surveys;

b) marketing our products or services; or

c) offering financial products or services under a joint agreement between us and one or more financial institutions.

We, and third parties we partner with, may track some of the pages You visit through the use of:

a) cookies;

b) pixel tagging; or

c) other technologies;

and currently do not process or comply with any web browser’s “do not track” signal or other similar mechanism that indicates a request to disable online tracking of individual users who visit our websites or use our services.

For more information, our Online Privacy Policy, which governs information we collect on our website and our affiliate websites, is available at https://www.thehartford.com/online-privacy-policy.

We will not sell or share your Personal Financial Information with anyone for purposes unrelated to our business functions without offering You the opportunity to:

a) “opt-out;” or

b) “opt-in;”

as required by law.

We only disclose Personal Health Information with:

a) your authorization; or

b) as otherwise allowed or required by law.

Our employees have access to Personal Information in the course of doing their jobs, such as:

a) underwriting policies;

b) paying claims;

c) developing new products; or

d) advising customers of our products and services.

We use manual and electronic security procedures to maintain:

a) the confidentiality; and

b) the integrity of;

Personal Information that we have. We use these procedures to guard against unauthorized access.

Some techniques we use to protect Personal Information include:

a) secured files;

b) user authentication;

c) encryption;

d) firewall technology; and

e) the use of detection software.

 


 

 

We are responsible for and must:

a) identify information to be protected;

b) provide an adequate level of protection for that data; and

c) grant access to protected data only to those people who must use it in the performance of their job-related duties.

Employees who violate our privacy policies and procedures may be subject to discipline, which may include termination of their employment with us.

We will continue to follow our Privacy Policy regarding Personal Information even when a business relationship no longer exists between us.

As used in this Privacy Notice:

Application means your request for our product or service.

Personal Financial Information means financial information such as:

a) credit history;

b) income;

c) financial benefits; or

d) policy or claim information.

Personal Financial Information may include Social Security Numbers, Driver’s license numbers, or other government-issued identification numbers, or credit, debit card, or bank account numbers.

Personal Health Information means health information such as:

a) your medical records; or

b) information about your illness, disability or injury.

Personal Information means information that identifies You personally and is not otherwise available to the public. It includes:

a) Personal Financial Information; and

b) Personal Health Information.

Transaction means your business dealings with us, such as:

a) your Application;

b) your request for us to pay a claim; and

c) your request for us to take an action on your account.

You means an individual who has given us Personal Information in conjunction with:

a) asking about;

b) applying for; or

c) obtaining;

a financial product or service from us if the product or service is used mainly for personal, family, or household purposes.

 

If you have any questions or comments about this privacy notice, please feel free to contact us at The Hartford – Consumer Rights and Privacy Compliance Unit, One Hartford Plaza, Hartford, CT 06155, or at ConsumerPrivacyInquiriesMailbox@thehartford.com.

This Customer Privacy Notice is being provided on behalf of The Hartford Financial Services Group, Inc. and its affiliates (including the following as of March 2020), to the extent required by the Gramm-Leach-Bliley Act and implementing regulations:

1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; Assurances Continentales Continentale Verzekeringen N.V; Bracht, Deckers & Mackelbert N.V.; Business Management Group, Inc.; Canal Re S.A.; Cervus Claim Solutions, LLC; First State Insurance Company; FTC Resolution Company LLC; Hart Re Group L.L.C.; Hartford Accident and Indemnity Company; Hartford Administrative Services Company; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford Fire General Agency, Inc.; Hartford Fire Insurance Company; Hartford Funds Distributors, LLC; Hartford Funds Management Company, LLC; Hartford Funds Management Group, Inc.; Hartford Holdings, Inc.; Hartford Insurance Company of Illinois; Hartford Insurance Company of the Midwest; Hartford Insurance Company of the Southeast; Hartford Insurance, Ltd.; Hartford Integrated Technologies, Inc.; Hartford Investment Management Company; Hartford Life and Accident Insurance Company; Hartford Lloyd’s Corporation; Hartford Lloyd’s Insurance Company; Hartford Management, Ltd.; Hartford Productivity Services LLC; Hartford of Texas General Agency, Inc.; Hartford Residual Market, L.C.C.; Hartford Specialty Insurance Services of Texas, LLC; Hartford STAG Ventures LLC; Hartford Strategic Investments, LLC; Hartford Underwriters General Agency, Inc.; Hartford Underwriters Insurance Company; Heritage Holdings, Inc.; Heritage Reinsurance Company, Ltd.; HLA LLC; HL Investment Advisors, LLC; Horizon Management Group, LLC; HRA Brokerage Services, Inc.; Lattice Strategies LLC; Maxum Casualty Insurance Company; Maxum Indemnity Company; Maxum Specialty Services Corporation; Millennium Underwriting Limited; MPC Resolution Company LLC; Navigators (Asia) Limited; Navigators Corporate Underwriters Limited; Navigators Holdings (Europe) N.V.; Navigators Holdings (UK) Limited; Navigators Insurance Company; Navigators International Insurance Company Ltd.; Navigators Management Company, Inc.; Navigators Management (UK) Limited; Navigators N.V.; Navigators Specialty Insurance Company; Navigators Underwriting Agency Limited; Navigators Underwriting Limited; New England Insurance Company; New England Reinsurance Corporation; New Ocean Insurance Co., Ltd.; NIC Investments (Chile) SpA; Nutmeg Insurance Agency, Inc.; Nutmeg Insurance Company; Pacific Insurance Company, Limited; Property and Casualty Insurance Company of Hartford; Sentinel Insurance Company, Ltd; The Navigators Group, Inc.; Trumbull Flood Management, L.L.C.; Trumbull Insurance Company; Twin City Fire Insurance Company; Y-Risk, LLC.

Revised March 2020


This report is submitted for the general information of the shareholders of the Funds referenced in this report. It is not authorized for distribution to persons who are not shareholders of one or more Funds referenced in this report unless preceded or accompanied by a current prospectus for the relevant Funds. Nothing herein contained is to be considered an offer of sale or a solicitation of an offer to buy shares of any Fund listed in this report. Such offering is only made by prospectus, which includes details as to the offering price and other material information.

The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.

Investors should carefully consider the investment objectives, risks, charges and expenses of a Fund. This and other important information is contained in a Fund’s prospectus and summary prospectus, which can be obtained by visiting hartfordfunds.com. Please read it carefully before investing.

The Funds are distributed by Hartford Funds Distributors, LLC (HFD), Member FINRA. Hartford Funds Management Company, LLC (HFMC) is the Funds’ investment manager. The Hartford Balanced Income Fund, Hartford AARP Balanced Retirement Fund, The Hartford Global Real Asset Fund and Hartford Multi-Asset Income and Growth Fund are sub-advised by Wellington Management Company LLP (Wellington). HFD and HFMC are not affiliated with Wellington.

MFAR-MS20    12/20    219830    Printed in U.S.A.

 

LOGO


Item 2. Code of Ethics.

The registrant, as of the end of the period covered by this report, has adopted a code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party. There have been no amendments, during the period covered by this report, to a provision of the code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party, and that relates to any element of the code of ethics description. The registrant has not granted any waivers, including an implicit waiver, from a provision of the code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party, that relates to one or more of the items set forth in paragraph (b) of this item’s instructions. A copy of the code of ethics is filed herewith.

Item 3. Audit Committee Financial Expert.

The Board of Directors of the registrant (the “Board”) has designated David Sung as an Audit Committee Financial Expert. Mr. Sung is considered by the Board to be an independent director.

Item 4. Principal Accountant Fees and Services.

 

  (a)

Audit Fees: The aggregate fees billed for each of the last two fiscal years for professional services rendered by the principal accountant for the audit of the registrant’s annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for those fiscal years were:

$891,000 for the fiscal year ended October 31, 2019; $834,000 for the fiscal year ended October 31, 2020.

 

  (b)

Audit Related Fees: The aggregate fees billed in each of the last two fiscal years for assurance and related services by the principal accountant that are reasonably related to the performance of the audit of the registrant’s financial statements and are not reported under paragraph (a) of this Item were:

$34,000 for the fiscal year ended October 31, 2019; $20,000 for the fiscal year ended October 31, 2020. Audit-related services were principally in connection with consents for the registration statements relating to Fund mergers.

 

  (c)

Tax Fees: The aggregate fees billed in each of the last two fiscal years for professional services rendered by the principal accountant for tax compliance, tax advice, and tax planning were:

$275,931 for the fiscal year ended October 31, 2019; $226,305 for the fiscal year ended October 31, 2020. Tax-related services were principally in connection with, but not limited to, general tax services, excise tax and Passive Foreign Investment Company (PFIC) analysis.


  (d)

All Other Fees: The aggregate fees billed in each of the last two fiscal years for products and services provided by the principal accountant, other than the services reported in paragraphs (a) through (c) of this Item were:

$0 for the fiscal year ended October 31, 2019; $0 for the fiscal year ended October 31, 2020.

 

  (e)

(1) The Pre-Approval Policies and Procedures (the “Policy”) adopted by the Audit Committee of the registrant (also, the “Fund”) sets forth the procedures pursuant to which services performed by the independent registered public accounting firm for the registrant may be pre-approved. The following are some main provisions from the Policy.

 

  1.

The Audit Committee must pre-approve all audit services and non-audit services that the independent registered public accounting firm provides to the Fund.

 

  2.

The Audit Committee must pre-approve any engagement of the independent registered public accounting firm to provide non-audit services to any Service Affiliate (which is defined to include any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the Fund) during the period of the independent registered public accounting firm’s engagement to provide audit services to the Fund, if the non-audit services to the Service Affiliate directly impact the Fund’s operations and financial reporting.

 

  3.

The Audit Committee shall pre-approve certain non-audit services to the Fund and its Service Affiliates pursuant to procedures set forth in the Policy.

 

  4.

The Audit Committee, from time to time, may designate one or more of its members who are Independent Directors (each a “Designated Member”) to consider, on the Audit Committee’s behalf, any non-audit services, whether to the Fund or to any Service Affiliate, that have not been pre-approved by the Audit Committee. The Designated Member also shall review, on the Audit Committee’s behalf, any proposed material change in the nature or extent of any non-audit services previously approved. In considering any requested non-audit services or proposed material change in such services, the Designated Member shall not authorize services which would exceed $50,000 in fees for such services.

 

  5.

The independent registered public accounting firm may not provide specified prohibited non-audit services set forth in the Policy to the Fund, the Fund’s investment adviser, the Service Affiliates or any other member of the investment company complex.

 

  (e)

(2) One hundred percent of the services described in items 4(b) through 4(d) were approved in accordance with the Audit Committee’s Pre-Approval Policy. As a result, none of such services was approved pursuant to paragraph (c) (7) (i) (c) of Rule 2-01 of Regulation S-X.

 

  (f)

Not applicable.

 

  (g)

The aggregate non-audit fees billed by the registrant’s accountant for services rendered to the registrant, and rendered to the registrant’s investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the registrant for each of the last two fiscal years of the registrant were:


Non-Audit Fees: $309,931 for the fiscal year ended October 31, 2019; $246,305 for the fiscal year ended October 31, 2020.

 

  (h)

The registrant’s audit committee of the board of directors has considered whether the provision of non-audit services that were rendered to the registrant’s investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the registrant that were not pre-approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X is compatible with maintaining the principal accountant’s independence.

Item 5. Audit Committee of Listed Registrants.

Not applicable.

Item 6. Investments.

 

  (a)

The Schedule of Investments in securities of unaffiliated issuers as of the close of the reporting period is included as part of the annual report filed under Item 1 of this form.

 

  (b)

Not applicable.

Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable.

Item 8. Portfolio Managers of Closed-End Management Investment Companies.

Not applicable.

Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

Not applicable.

Item 10. Submission of Matters to a Vote of Security Holders.

There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant’s board of directors since the registrant last provided disclosure in response to this requirement.

Item 11. Controls and Procedures.

 

  (a)

The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are generally effective to provide reasonable assurance, as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15(b)).

 

  (b)

There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that


  occurred during the period covered by this report that have materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.

Not applicable.

Item 13. Exhibits.

 

 

(a)(1)

   Code of Ethics is filed herewith.
 

(a)(2)

   Separate certifications for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)) and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto.
 

(a)(3)

   Not applicable.
 

(a)(4)

   Not applicable.
 

(b)

   Certifications pursuant to Rule 30a-2(b) under the 1940 Act and Section 906 of the Sarbanes-Oxley Act of 2002 are attached hereto.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

    THE HARTFORD MUTUAL FUNDS, INC.
Date: January 8, 2021     By:  

/s/ James E. Davey

      James E. Davey
      President and Chief Executive Officer

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

Date: January 8, 2021     By:  

/s/ James E. Davey

      James E. Davey
      President and Chief Executive Officer
Date: January 8, 2021     By:  

/s/ Amy N. Furlong

      Amy N. Furlong
      Treasurer
      (Principal Financial Officer and Principal Accounting Officer)