N-CSR 1 d70993dncsr.htm HARTFORD SERIES FUND INC HARTFORD SERIES FUND INC

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: 811-08629

HARTFORD SERIES FUND, 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)

Copy to:

John V. O’Hanlon, Esquire

Dechert LLP

One International Place, 40th Floor

100 Oliver Street

Boston, Massachusetts 02110-2605

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

Date of fiscal year end: December 31

Date of reporting period: December 31, 2023

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 20549-1090. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

 


Item 1. Reports to Stockholders.

 


Hartford HLS Funds
Annual Report
December 31, 2023
Hartford Balanced HLS Fund
Hartford Capital Appreciation HLS Fund
Hartford Disciplined Equity HLS Fund
Hartford Dividend and Growth HLS Fund
Hartford Healthcare HLS Fund
Hartford International Opportunities HLS Fund
Hartford MidCap HLS Fund
Hartford Small Cap Growth HLS Fund
Hartford Small Company HLS Fund
Hartford Stock HLS Fund
Hartford Total Return Bond HLS Fund
Hartford Ultrashort Bond HLS Fund


A MESSAGE FROM THE PRESIDENT
Dear Shareholders
Thank you for investing in Hartford HLS Funds. The following is the Funds’ Annual Report covering the period from January 1, 2023 to December 31, 2023.
Market Review
During the 12 months ended December 31, 2023, U.S. stocks, as measured by the S&P 500 Index,1 gained 26.29%. While performance was strong during the period, it was a turbulent, up-and-down ride for investors almost from start to finish. For example, a January 2023 equity rally followed a surprise drop in the Consumer Price Index (CPI),2 briefly raising hopes for an early pivot by the Federal Reserve (Fed) on its interest-rate hiking strategy. Nonetheless, Fed Chair Jerome Powell quickly reaffirmed the central bank's higher-for-longer policy stance, triggering a February 2023 sell-off.
Similarly, a promising late-spring equity rally lost steam in the face of rising U.S. Treasury yields, sending stocks lower in mid-July 2023. But in mid-December 2023, when the Fed began signaling the possibility of rate cuts in 2024,  stocks rose once again, right up until the end of the month. The push and pull between investor optimism versus the Fed's periodic declarations of policy resolve became something of a regular feature of market performance during the period.
The March 2023 banking crisis prompted by the collapse of Silicon Valley Bank and Signature Bank provided a major jolt to investor confidence as the impact of higher interest rates briefly raised the specter of U.S. financial instability. The Fed’s quick action to provide extra liquidity to the banking system, in combination with the balm of continued price moderation, went a long way in quelling fears of financial contagion.
Indeed, the June 2023 CPI report showed an annual inflation rate of only 3%, leaving the Fed with plenty of room to pause rate hikes in the same month. By November 2023, annual inflation was rising by 3.1%.
Yet another jolt to markets occurred in May 2023 as an unexpectedly positive forward-guidance report from chipmaker NVIDIA helped kick off a fresh equity rally, lifting the value of several growth-oriented companies linked to artificial-intelligence technology. The rally continued through July 2023 before finally cooling off amidst a sudden surge in U.S. Treasury yields. In mid-October 2023, the bellwether 10-Year Treasury note closed at 4.98% amid a growing sense that hoped-for interest-rate cuts would be delayed once more in the face of unexpected economic resilience.
By December 2023, continued progress on the inflation front prompted the Fed, once again, to pause rate hikes and, for the first time, to publicly declare the likelihood of interest-rate cuts sometime in 2024. Markets interpreted the Fed pivot as a signal to launch yet another equity rally, one that saw the S&P 500 Index close at 4,781.58 on December 27, 2023, only 15 points below its all-time high.
As of the end of the period, market participants found themselves closely reexamining the Federal Open Market Committee December 2023 meeting minutes for clues of future direction—mindful that any near-term resumption in inflation or even a hint of recession could change the timetable for rate cuts. With market volatility likely to persist, it’s more important than ever to maintain a strong relationship with your financial professional.
Thank you again for investing in Hartford HLS Funds. For the most up-to-date information on our funds, please take advantage of all the resources available at hartfordfunds.com.
James Davey
President
Hartford HLS Funds
1 S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.  Indices are unmanaged and not available
for direct investment. Past performance does not guarantee future results.
2 The Consumer Price Index (CPI) in the United States is defined by the Bureau of Labor Statistics as a measure of the average change over time in the prices
paid by urban consumers for a market basket of consumer goods and services.


Hartford HLS Funds
Table of Contents
Fund Overview (Unaudited) 2
Benchmark Glossary (Unaudited) 40
Expense Examples (Unaudited) 42
Financial Statements:  
Schedules of Investments:  
Hartford Balanced HLS Fund 44
Hartford Capital Appreciation HLS Fund 53
Hartford Disciplined Equity HLS Fund 57
Hartford Dividend and Growth HLS Fund 59
Hartford Healthcare HLS Fund 61
Hartford International Opportunities HLS Fund 63
Hartford MidCap HLS Fund 66
Hartford Small Cap Growth HLS Fund 69
Hartford Small Company HLS Fund 72
Hartford Stock HLS Fund 75
Hartford Total Return Bond HLS Fund 77
Hartford Ultrashort Bond HLS Fund 96
Glossary 103
Statements of Assets and Liabilities 104
Statements of Operations 106
Statements of Changes in Net Assets 108
Financial Highlights 114
Notes to Financial Statements 119
Report of Independent Registered Public Accounting Firm 142
Directors and Officers (Unaudited)  143
How to Obtain a Copy of each Fund’s Proxy Voting Policies and Voting Records (Unaudited)  146
Quarterly Portfolio Holdings Information (Unaudited) 146
Approval of Investment Management and Investment Sub-Advisory Agreements (Unaudited)   147
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 IA shares. Returns for such Fund’s other classes differ only to the extent that the classes do not have the same expenses.  


Hartford Balanced HLS Fund
 Fund Overview
 December 31, 2023 (Unaudited) 

Inception 03/31/1983
Sub-advised by Wellington Management Company LLP
Investment objective – The Fund seeks long-term total return.
Comparison of Change in Value of $10,000 Investment (12/31/2013 - 12/31/2023)
The chart above represents the hypothetical growth of a $10,000 investment in Class IA shares. Returns for Class IB shares differ only to the extent that Class IA shares and Class IB shares do not have the same expenses.
Average Annual Total Returns
for the Periods Ended 12/31/2023
  1 Year 5 Years 10 Years
Class IA 14.78% 10.26% 7.61%
Class IB 14.50% 9.99% 7.34%
60% S&P 500 Index/ 35% Bloomberg US Government/Credit Bond Index/ 5% ICE BofA US 3-Month Treasury Bill Index1 17.75% 10.16% 8.13%
S&P 500 Index 26.29% 15.69% 12.03%
Bloomberg US Government/Credit Bond Index 5.72% 1.41% 1.97%
ICE BofA US 3-Month Treasury Bill Index 5.01% 1.88% 1.25%
    
1 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, sales charges or other fees which may be applied at the variable contract level or by a qualified pension or retirement plan. Any such additional sales charges or other fees or expenses would lower the contract’s or plan’s performance. 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 applicable class' net asset value available to shareholders for sale or redemption of Fund shares on 12/31/2023, 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 total returns presented in the Financial Highlights section of the report are calculated in the same manner, but also take into account certain adjustments that are necessary under generally accepted accounting principles. As a result, the total returns in the Financial Highlights section may differ from the total returns presented above.
You cannot invest directly in an index.
See "Benchmark Glossary" for benchmark descriptions.
Performance information may reflect expense waivers/reimbursements without which performance would have been lower.
As shown in the Fund’s current prospectus, the total annual fund operating expense ratios for Class IA shares and Class IB shares were 0.66% and 0.91%, respectively. Gross and net expenses are the same. Actual expenses may be higher or lower. Please see the accompanying Financial Highlights for expense ratios for the period ended 12/31/2023.
Class IA shares and Class IB shares of the Fund are closed to certain qualified pension and retirement plans. For more information, please see the Fund’s statutory prospectus.
 

2


Hartford Balanced HLS Fund
 Fund Overview – (continued)
 December 31, 2023 (Unaudited) 

Portfolio Managers
Adam H. Illfelder, CFA
Senior Managing Director and Equity Portfolio Manager
Wellington Management Company LLP
Loren L. Moran, CFA
Senior Managing Director and Fixed Income Portfolio Manager
Wellington Management Company LLP
Matthew C. Hand, CFA
Senior Managing Director and Equity Portfolio Manager
Wellington Management Company LLP


Manager Discussion
How did the Fund perform during the period?
The Class IA shares of Hartford Balanced HLS Fund returned 14.78% for the twelve-month period ended December 31, 2023, underperforming the Fund’s custom benchmark, which is comprised of 60% S&P 500 Index/ 35% Bloomberg US Government/Credit Bond Index/ 5% ICE BofA US 3-Month Treasury Bill Index, which returned 17.75% for the same period. Individually, the S&P 500 Index, Bloomberg US Government/Credit Bond Index, and ICE BofA US 3-Month Treasury Bill Index returned 26.29%, 5.72%, and 5.01%, respectively, during the period. For the same period, the Class IA shares of the Fund also underperformed the 15.59% average return of the Lipper Mixed-Asset Target Allocation Growth Funds peer group, a group of funds that hold between 60%-80% in equity securities, with the remainder invested in bonds, cash, and cash equivalents.
Why did the Fund perform this way?
United States (U.S.) equities, as measured by the S&P 500 Index, rose during the twelve-month period ended on December 31, 2023 amid easing inflation, optimism for lower interest rates, strong performances in select mega-cap technology companies, and steady Gross Domestic Product (GDP) growth. U.S. equities advanced during the first quarter. The collapse of two U.S. regional banks prompted swift policy actions by federal regulators, which helped stabilize liquidity and stem the potential for broader contagion. Shares of large technology companies surged, helping growth stocks to significantly outperform their value counterparts. The U.S. Federal Reserve (Fed) slowed its pace of policy tightening, raising interest rates by 0.25% in February and March, to a range between 4.75% – 5%. U.S. equities rose again in the second quarter, largely driven by a potent rally in a narrow group of mega-cap technology companies that benefited from investor optimism about their earnings potential and growth prospects and exuberance surrounding generative artificial intelligence (AI). U.S. equities fell in the third quarter, pressured by rising Treasury yields amid views that the Fed would keep interest rates elevated for a prolonged period. Even as household budgets were strained by tightening credit conditions and lofty prices, markets dialed back the probability of recession as cooling inflation, a solid job market, and resilient consumer spending increased the potential that the U.S. economy could achieve a “soft landing.” Economic data released during the third quarter indicated healthy momentum in the
U.S. economy after GDP in the second quarter grew at a 2.1% annualized rate. U.S. equities registered their largest quarterly return in three years for the fourth quarter as gains broadened beyond those of the “Magnificent Seven” stocks that dominated the stock market’s performance for most of the year. A rapid descent in inflation prompted the Fed to pivot from its “higher-for-longer” policy stance in December, sending Treasury yields lower and driving stocks higher. The Fed’s Summary of Economic Projections implied that policymakers anticipate 75 basis points of interest-rate cuts in 2024.
During the twelve-month period, nine of the eleven sectors within the S&P 500 Index posted positive results, with the Information Technology (57.65%), Communication Services (55.80%), and Consumer Discretionary (42.23%) sectors performing the best. Conversely, the Utilities (-7.08%) and Energy (-1.33%) sectors performed the worst with negative returns.
Global fixed income sectors generated positive total returns during the trailing twelve months ended December 31, 2023 despite elevated interest rate volatility over most of the period. The Bloomberg US Aggregate Bond Index returned 5.53% during the period. Higher-yielding sectors generally performed best, benefiting from their coupon advantage, and spread tightening. Global sovereign debt yields ended mixed. Yields rose earlier in the period amid multiple rate increases from the Fed and other major central banks across Europe, while Asian central banks pursued more dovish approaches. Yields plunged by the end of the period in response to accommodative central bank policy expectations amid weaker economic data, including moderating inflation.
The underperformance of the equity portion of the Fund versus the S&P 500 Index was mainly driven by security selection during the period. Weak selection within the Information Technology, Consumer Discretionary, and Industrials sectors was partially offset by stronger selection in the Financials, Healthcare, and Real Estate sectors. Sector allocation, a result of our bottom-up stock selection process, also detracted from relative performance due to the Fund’s overweight position in the Healthcare sector, underweight position to the Information Technology sector, and overweight position to the Financials sector. This was partially offset by the Fund’s underweights to the Consumer Staples, Energy, and Utilities sectors.
 

3


Hartford Balanced HLS Fund
 Fund Overview – (continued)
 December 31, 2023 (Unaudited) 

From a security selection perspective, within the equity portion of the Fund, not holding NVIDIA (Information Technology) and Meta Platforms (Communication Services), as well as an overweight position in Pfizer (Healthcare), were the top detractors from relative performance during the period. Not owning benchmark constituents NVIDIA or Meta Platforms weighed on relative performance as shares of both companies rose during the period. NVIDIA reported strong quarterly revenue over the period driven by data center demand on the growing need of chips for generative artificial intelligence and language learning models. Meta Platforms also reported strong quarterly results consecutively throughout the period. The company boosted its stock buyback authorization by $40 billion earlier in the period and went through layoffs as part of their cost cutting initiative which significantly benefited the company’s operating margin. Shares of Pfizer fell during the period. The company reported mixed results for their obesity and diabetes drugs study. Soft demand for Covid related products added further pressure to the company's shares.
Top contributors to relative performance within the equity portion of the Fund during the period included an overweight position in Salesforce (Information Technology), an out-of-benchmark position in Ares Management (Financials), as well as an overweight position in Alphabet (Communication Services). Shares of Salesforce rose as the company reported quarterly earnings which beat expectations consecutively. Strong demand, cost cutting measures including layoffs, and their price increase announcement all benefited the profitability outlook for the company. Shares of Ares Management rose during the period on the back of fundraising momentum, new commitments, and easing inflation in 2023. Shares of Alphabet rose during the period as quarterly earnings beat expectations consecutively. Revenue growth in the cloud computing unit, stabilizing ad demand, potential upside driven by AI, and cost management all contributed positively to the positive market sentiment.
The fixed-income portion of the Fund outperformed the Bloomberg US Government/Credit Bond Index during the period. Security selection within investment-grade corporate credit was the primary driver of relative outperformance, particularly within the Industrials, Financial Institutions, and Utilities sectors. An overweight to the Financial Institutions sector also contributed positively to relative returns. An underweight to the Industrials sector and an overweight to the Utilities sector detracted from performance over the period. Within non-corporate credit, an underweight to supranational bonds and security selection within taxable municipal bonds contributed positively to relative performance over the period. Additionally, out-of-benchmark allocations to commercial mortgage-backed securities (CMBS) had a positive impact on relative performance. Conversely, out-of-benchmark exposure to agency mortgage-backed securities (agency MBS) detracted from relative performance during the period. Asset backed securities (ABS) had a negligible impact on performance. Duration and yield curve positioning had a positive impact on relative performance over the period where credit spread duration positioning detracted 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?
In the equity allocation of the Fund, as of the end of the period, we continue to focus on seeking high-quality businesses that we believe have attractive valuation and capital returns. We take a balanced approach to portfolio construction—not leaning too heavily on any one scenario—and we always strive to upgrade the quality of the positions within the Fund. Within equities, the Fund ended the period with its largest overweight in the Financials sector and the largest underweight in the Consumer Staples sector.
In the fixed income portion of the Fund, we maintain a very modestly procyclical stance as of the end of the period. Markets enjoyed a substantial boost in the latter part of 2023 on the back of receding inflation data and dovish pivots from global central banks that drove a full embrace of expectations for a soft landing with modestly below trend growth, a gradual rise in unemployment and easing monetary policy to minimize the impact to the real economy.  That said, we believe valuations for risk assets and lower yields have priced in much of this good news and we remain cognizant of the balance of risks around the real economy, monetary policy and geopolitics. In our view, the lagged impacts of a rapid tightening campaign are finally starting to show signs of slowing economic growth but have had a less pronounced impact on inflation than expected. Central banks remain in an uneasy position with resilient employment leads and inflation still above target and an unclear path toward achieving/sustaining 2% inflation. On balance, we are beginning to see early signs of weakening growth as consumer demand ebbs alongside the depletion of excess savings that support a softer landing.
Investment grade credit fundamentals remain strong but appear to have peaked and have shown some deterioration both in leverage and interest coverage, in our view. While financial conditions tightened meaningfully in 2022 and 2023, we believe the lagged impacts are still emerging. Corporate fundamentals have been more resilient than expected post the Silicon Valley Bank failure given the success of the Fed’s Bank Term Funding Program and substantial excess savings for the consumer. The Investment Grade cohort has maintained high-quality balance sheets and has been relatively insulated from rising rates given long term debt maturity profiles.  We have seen a substantial change in issuance activity from corporates given higher rates as many issuers shy away from issuing longer duration debt. We believe this supply response, at a time where all in yields are attractive to many long duration buyers, has driven a substantial flattening in credit curves. 
Our concerns around the economic cycle, coupled with relatively tight credit valuations, has pushed us to reduce the Fund’s exposure to cyclical issuers with less resilient cash flow generation profiles and highly levered balance sheets as of the end of the period. While headline index spreads have tightened to around the 25th percentile, we believe there is substantial variability underlying this cohort with the greatest value in the intermediate duration part of the market and within the financial sector. Despite higher all-in yields, we are most cautious on the long duration segment given weakening fundamentals and tight spreads that offer little cushion against widening. From a sector perspective, as of the end of the period, we maintained an overweight in the Utilities sector and some parts of insurance where valuations are attractive in our view. In non-corporate credit, as of the

4


Hartford Balanced HLS Fund
 Fund Overview – (continued)
 December 31, 2023 (Unaudited) 

end of the period, we are positive on taxable municipals as we think the sector still provides diversification and comprises high-quality issuers that have benefited from fiscal support.
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. • 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, economic and regulatory developments. • 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. • Mortgage-related and asset-backed securities' risks include credit, interest-rate, prepayment, and extension risk. • To the extent the Fund focuses on one or more sectors, the Fund may be subject to increased volatility and risk of loss if adverse developments occur.
Composition by Security Type(1)
as of 12/31/2023
Category Percentage of
Net Assets
Equity Securities  
Common Stocks 66.0%
Fixed Income Securities  
Asset & Commercial Mortgage-Backed Securities 1.4%
Corporate Bonds 12.4
Municipal Bonds 0.8
U.S. Government Agencies(2) 0.8
U.S. Government Securities 17.8
Total 33.2%
Short-Term Investments 0.3
Other Assets & Liabilities 0.5
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 December 31, 2023.

5


Hartford Capital Appreciation HLS Fund
 Fund Overview
 December 31, 2023 (Unaudited) 

Inception 04/02/1984
Sub-advised by Wellington Management Company LLP
Investment objective – The Fund seeks growth of capital.
Comparison of Change in Value of $10,000 Investment (12/31/2013 - 12/31/2023)
The chart above represents the hypothetical growth of a $10,000 investment in Class IA shares. Returns for the Fund’s other classes differ only to the extent that the classes do not have the same expenses.
Average Annual Total Returns
for the Periods Ended 12/31/2023
  1 Year 5 Years 10 Years
Class IA 20.00% 13.30% 9.27%
Class IB 19.70% 13.02% 9.00%
Class IC 19.38% 12.73% 8.73%
Russell 3000 Index 25.96% 15.16% 11.48%
S&P 500 Index 26.29% 15.69% 12.03%
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, sales charges or other fees which may be applied at the variable contract level or by a qualified pension or retirement plan. Any such additional sales charges or other fees or expenses would lower the contract’s or plan’s performance. 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 applicable class' net asset value available to shareholders for sale or redemption of Fund shares on 12/31/2023, 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 total returns presented in the Financial Highlights section of the report are calculated in the same manner, but also take into account certain adjustments that are necessary under generally accepted accounting principles. As a result, the total returns in the Financial Highlights section may differ from the total returns presented above.
Class IC shares commenced operations on 04/30/2014. Class IC shares performance prior to that date reflects Class IA shares performance adjusted to reflect the 12b-1 fee of 0.25% and the administrative services fee of 0.25% applicable to Class IC shares. The performance after such date reflects actual Class IC shares performance.
You cannot invest directly in an index.
See "Benchmark Glossary" for benchmark descriptions.
As shown in the Fund’s current prospectus, the total annual fund operating expense ratios for Class IA shares, Class IB shares and Class IC shares were 0.67%, 0.92% and 1.17%, respectively. Gross and net expenses are the same. Actual expenses may be higher or lower. Please see the accompanying Financial Highlights for expense ratios for the period ended 12/31/2023.
Class IA shares and IB shares of the Fund are closed to certain qualified pension and retirement plans. For more information, please see the Fund’s statutory prospectus.
 

6


Hartford Capital Appreciation HLS Fund
 Fund Overview – (continued)
 December 31, 2023 (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 IA shares of the Hartford Capital Appreciation HLS Fund returned 20.00% for the twelve-month period ended December 31, 2023, underperforming the Fund’s primary benchmark, the Russell 3000 Index, which returned 25.96% for the same period, and the Fund’s secondary benchmark, the S&P 500 Index, which returned 26.29% for the same period. For the same period, the Class IA shares of the Fund underperformed the 21.37% 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 Russell 3000 Index, posted positive results over the trailing twelve-month period ended December 31, 2023. U.S. equities advanced during the first quarter. The collapse of two U.S. regional banks prompted swift policy actions by federal regulators, which helped stabilize liquidity and stem the potential for broader contagion. Shares of large technology companies surged, helping growth stocks to significantly outperform their value counterparts. The U.S. Federal Reserve (Fed) slowed its pace of policy tightening, raising interest rates by 25 basis points (bps) in February and March, to a range between 4.75% – 5%.
U.S. equities rose again in the second quarter, largely driven by a potent rally in a narrow group of mega-cap technology companies that benefited from investor optimism about their earnings potential and growth prospects and exuberance surrounding generative artificial intelligence (AI).  U.S. equities fell in the third quarter, pressured by rising Treasury yields amid views that the Fed would keep interest rates elevated for a prolonged period. Even as household budgets were strained by tightening credit conditions and lofty prices, markets dialed back the probability of recession as cooling inflation, a solid job market, and resilient consumer spending increased the potential that the U.S. economy could achieve a “soft landing.” Economic data released during the third quarter indicated healthy momentum in the U.S. economy after Gross Domestic Product in the second quarter grew at a surprisingly strong 2.1% annualized rate.
U.S. equities registered their largest quarterly return in three years for the fourth quarter as gains broadened beyond those of the “Magnificent Seven” stocks that dominated the stock market’s performance for most of the year. A rapid descent in inflation prompted the Fed to pivot from its “higher-for-longer” policy stance in
December, sending Treasury yields lower and driving stocks higher. The Fed’s Summary of Economic Projections implied that policymakers anticipate 75 bps of interest-rate cuts in 2024.
Returns varied by market cap during the period; mid-cap and small-cap equities, as measured by the S&P MidCap 400 Index and Russell 2000 Index, respectively, underperformed large-cap equities, as measured by the S&P 500 Index. Nine of eleven sectors in the Russell 3000 Index had positive returns during the period. The Information Technology (56.3%), Communication Services (53.1%), and Consumer Discretionary (40.0%) sectors were the top performers.
Security selection was the driver of the Fund’s underperformance relative to the Russell 3000 Index during the period. Weak stock selection in the Information Technology, Consumer Discretionary, and Industrials sectors was partially offset by stronger selection in the Energy, Communication Services, and Materials sectors during the period. Sector allocation, a residual of the bottom-up security selection process, also detracted from relative performance during the period. An underweight exposure to the Information Technology sector detracted most, while an underweight exposure to the Energy sector contributed positively to relative performance.
Style had a negative impact on relative performance during the period, driven by the Fund’s overweight exposure to what we view to be lower risk companies relative to the Russell 3000 Index. This was partially offset by the positive impact from the Fund’s overweight exposure to the most liquid names and its smaller cap footprint relative to the Russell 3000 Index.
The largest detractors from performance relative to the Russell 3000 Index during the period were underweight positions in Apple (Information Technology) and NVIDIA (Information Technology) along with an overweight position in Pfizer (Healthcare). Shares of iPhone maker Apple ended the period higher on the back of growing revenue in its Services and iPhones segments, with the iPhone install base reaching an all-time high early in the year. We increased the Fund’s exposure to Apple over the period but the Fund remained underweight relative to the benchmark.  NVIDIA is a supplier of graphics processing units for PCs, workstations, gaming consoles, and mobile devices. Shares benefited from strong earnings over the period driven by surging demand for chips used in AI and learning language models. We maintain the Fund’s underweight position relative to the benchmark as of the end of the period.  Pfizer is a U.S.-based pharmaceutical company. Shares fell over the period as declining demand for the company’s COVID-19 products weighed on its revenue outlook for the year. We reduced the Fund’s overweight position
 

7


Hartford Capital Appreciation HLS Fund
 Fund Overview – (continued)
 December 31, 2023 (Unaudited) 

relative to the Russell 3000 Index during the period. Pfizer (Healthcare) and FMC (Materials) were the top detractors from absolute performance during the period.
The largest contributors to performance relative to the Russell 3000 Index over the period were not holding Exxon Mobil (Energy) or Chevron (Energy) as well as an overweight position in Meta Platforms (Communication Services). Exxon Mobil and Chevron are both American multinational oil and gas corporations. Shares of both companies declined over the year as oil prices fell amid concerns about global fuel demand. Oil production outside OPEC reached record levels. We continue to not hold Exxon Mobil or Chevron in the Fund as of the end of the period. Shares of U.S.-based social networking company Meta Platforms gained over the period as user engagement, bolstered by an improved AI powered recommendation engine, continued to exceed market expectations and top line acceleration and capital discipline have helped drive earnings growth. We maintained the Fund’s overweight position relative to the Russell 3000 Index as of the end of the period.  Meta Platforms (Communication Services) and Microsoft (Information Technology) were the top contributors to absolute performance for the period.
During the period, the Fund, at times, used derivative instruments such as equity index futures to equitize cash or hedge market risk. During the period, the use of equity index futures contributed positively to performance relative to the Russell 3000 Index during the period.
What is the outlook as of the end of the period?
While equities rallied to finish out 2023, we believe the potential for downside risk remains as investors balance the impact a variety of macroeconomic uncertainties may have on equity markets. We expect volatility to persist as investors react to the ramifications of different central bank decisions across the globe, a challenging growth backdrop in China, and ever evolving geopolitical tensions. As allocators, we have a keen focus on risk management, and we seek to balance risks in the portfolio such that security selection drives results.
The Fund maintains structural exposures to sleeve managers that use a “quality” approach, a “value” approach, and a “growth” approach. We look to the sleeve managers’ stock selection skills to help navigate evolving markets and to seek to differentiate companies poised to perform well in this current market from those that may be more challenged.  Within the growth universe, we remain wary of heightened speculative risks associated with longer duration growth stocks and rely on our sleeve managers to seek to find stocks with strong long-term fundamentals. Within the value universe, we continue to be mindful of exposure to companies with elevated risk of becoming insolvent. We look to the value sleeve managers' security selection processes to seek to identify attractively valued companies that we believe are more likely to benefit in the current market environment while avoiding those that are not. We seek to balance these allocations with exposure to the quality sleeve manager who looks to own stable businesses. We continue to be mindful of the possible impacts that persistently higher interest rates could have on historically stable business models. We seek to create a portfolio diversified across style and philosophies to help navigate through changing market environments.
At the end of the period, the Fund’s largest overweights were to the Industrials and Healthcare sectors, while the largest underweights were to the Information Technology and Consumer Discretionary 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, economic and regulatory developments. These risks are generally greater for investments in emerging markets. • To the extent the Fund focuses on one or more sectors, the Fund may be subject to increased volatility and risk of loss if adverse developments occur.
Composition by Sector(1)
as of 12/31/2023
Sector Percentage
of Net Assets
Equity Securities  
Communication Services 8.6%
Consumer Discretionary 8.5
Consumer Staples 7.1
Energy 3.0
Financials 13.1
Health Care 14.9
Industrials 12.8
Information Technology 21.1
Materials 3.2
Real Estate 3.3
Utilities 2.3
Total 97.9%
Short-Term Investments 0.9
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.

8


Hartford Disciplined Equity HLS Fund
 Fund Overview
 December 31, 2023 (Unaudited) 

Inception 05/29/1998
Sub-advised by Wellington Management Company LLP
Investment objective – The Fund seeks growth of capital.
Comparison of Change in Value of $10,000 Investment (12/31/2013 - 12/31/2023)
The chart above represents the hypothetical growth of a $10,000 investment in Class IA shares. Returns for the Fund’s other classes differ only to the extent that the classes do not have the same expenses.
Average Annual Total Returns
for the Periods Ended 12/31/2023
  1 Year 5 Years 10 Years
Class IA 21.24% 14.32% 11.84%
Class IB 20.95% 14.03% 11.56%
Class IC 20.66% 13.75% 11.29%
S&P 500 Index 26.29% 15.69% 12.03%
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, sales charges or other fees which may be applied at the variable contract level or by a qualified pension or retirement plan. Any such additional sales charges or other fees or expenses would lower the contract’s or plan’s performance. 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 applicable class' net asset value available to shareholders for sale or redemption of Fund shares on 12/31/2023, 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 total returns presented in the Financial Highlights section of the report are calculated in the same manner, but also take into account certain adjustments that are necessary under generally accepted accounting principles. As a result, the total returns in the Financial Highlights section may differ from the total returns presented above.
Class IC shares commenced operations on 09/18/2020. Class IC shares performance prior to that date reflects Class IA shares performance adjusted to reflect the 12b-1 fee of 0.25% and the administrative services fee of 0.25% applicable to Class IC shares. The performance after such date reflects actual Class IC shares performance.
You cannot invest directly in an index.
See "Benchmark Glossary" for benchmark descriptions.
As shown in the Fund’s current prospectus, the total annual fund operating expense ratios for Class IA shares, Class IB shares and Class IC shares were 0.59%, 0.84% and 1.09%, respectively. Gross and net expenses are the same. Actual expenses may be higher or lower. Please see the accompanying Financial Highlights for expense ratios for the period ended 12/31/2023.
Class IA shares and Class IB shares of the Fund are closed to certain qualified pension and retirement plans. For more information, please see the Fund’s statutory prospectus.
 

9


Hartford Disciplined Equity HLS Fund
 Fund Overview – (continued)
 December 31, 2023 (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
* Mammen Chally, CFA announced his plan to retire and withdraw from the partnership of Wellington Management Company LLP's parent company, and effective June 30, 2024, he will no longer serve as a portfolio manager for the Fund. Mr. Chally’s portfolio management responsibilities will transition to Douglas W. McLane, CFA in the months leading up to his departure.


Manager Discussion
How did the Fund perform during the period?
The Class IA shares of the Hartford Disciplined Equity HLS Fund returned 21.24% for the twelve-month period ended December 31, 2023, underperforming the Fund’s benchmark, the S&P 500 Index, which returned 26.29% for the same period.  For the same period, the Class IA shares of the Fund underperformed the 24.34% 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, rose during the twelve-month period ended on December 31, 2023, amid easing inflation, optimism for lower interest rates, strong performances in select mega-cap technology companies, and steady Gross Domestic Product (GDP) growth. U.S. equities advanced during the first quarter. The collapse of two U.S. regional banks prompted swift policy actions by federal regulators, which helped stabilize liquidity and stem the potential for broader contagion. Shares of large technology companies surged, helping growth stocks to significantly outperform their value counterparts. The U.S. Federal Reserve (Fed) slowed its pace of policy tightening, raising interest rates by 25 basis points (bps) in February and March, to a range between 4.75% – 5%. U.S. equities rose again in the second quarter, largely driven by a potent rally in a narrow group of mega-cap technology companies that benefited from investor optimism about their earnings potential and growth prospects and exuberance surrounding generative artificial intelligence (AI). U.S. equities fell in the third quarter, pressured by rising Treasury yields amid views that the Fed would keep interest rates elevated for a prolonged period. Even as household budgets were strained by tightening credit conditions and lofty prices, markets dialed back the probability of recession as cooling inflation, a solid job market, and resilient consumer spending increased the potential that the U.S. economy could achieve a “soft landing.” Economic data released during the third quarter indicated healthy momentum in the U.S. economy after GDP in the second quarter grew at a 2.1% annualized rate. U.S. equities registered their largest quarterly return in three years for the fourth quarter as gains broadened beyond those
of the “Magnificent Seven” stocks that dominated the stock market’s performance for most of the year. A rapid descent in inflation prompted the Fed to pivot from its “higher-for-longer” policy stance in December, sending Treasury yields lower and driving stocks higher. The Fed’s Summary of Economic Projections implied that policymakers anticipate 75 bps of interest-rate cuts in 2024.
Returns varied by market-cap during the period, as large-cap stocks, as measured by the S&P 500 Index, outperformed mid-cap stocks, as measured by the S&P MidCap 400 Index, and small-cap stocks, as measured by the Russell 2000 Index. During the twelve-month period, nine out of eleven sectors within the S&P 500 Index rose, led by the Information Technology (58%), Communication Services (56%), and Consumer Discretionary (42%) sectors. Utilities was the bottom performing sector, down (-7%) during the period.
Security selection was the primary driver of relative underperformance during the period. Selection within the Information Technology, Industrials, and Consumer Discretionary sectors detracted most while selection within the Healthcare, Communication Services, and Real Estate sectors contributed positively. Sector allocation, which is a residual of the bottom-up security selection process, also detracted from relative performance during the period. The overweight allocations to the Healthcare and Consumer Staples sectors and an underweight allocation to the Communication Services sector detracted the most. This was partially offset by underweight allocations to the Energy, Materials, and Real Estate sectors.
Top detractors from benchmark-relative performance over the period were underweight positions in NVIDIA (Information Technology) and Tesla (Consumer Discretionary) and an overweight in Meta Platforms (Communication Services). Shares of NVIDIA rose over the period after the chipmaker provided second-quarter revenue and gross margin outlook sharply above estimates, driven by strong data center demand on the growing need of chips for generative AI and language learning models. At the end of May, the company became the first chipmaker to achieve a $1 trillion market valuation. Shares of Tesla ended the period higher. The company's Model Y was the number one selling vehicle globally in the first quarter, with unit volume climbing 69% year-over-year, becoming the first Electric Vehicle to claim that
 

10


Hartford Disciplined Equity HLS Fund
 Fund Overview – (continued)
 December 31, 2023 (Unaudited) 

title. Additionally, during a meeting with Foreign Minister Qin Gang in Beijing, CEO Elon Musk said he was willing to expand his business in China. Shares of Meta Platforms rose over the period after the company reported consistently positive results that beat expectations. Most recently, Meta reported the third quarter revenue of $34.15 billion, up 23%, and net income more than doubling to $11.58 billion. The company had a 40% operating margin in the third quarter, a two-year high, which was largely due to cost cutting efforts through a reduction in workforce.
The largest contributors to benchmark-relative performance over the period were not owning Johnson & Johnson (Healthcare) and Exxon Mobil (Energy) and an overweight position in Palo Alto Networks (Information Technology).   Shares of Johnson & Johnson fell during the period. The federal court voted against Johnson & Johnson’s attempt to use bankruptcy law via shell company LTL Management to transfer accountability for lawsuits related to their talc-based products. Johnson & Johnson now faces liabilities for over 38,000 lawsuits alleging that the company failed to warn consumers about cancer risks associated with these products. Shares of Exxon Mobil fell after a volatile year. The company fell as oil prices decreased on the back of have a negative view of sentiment that has taken over due to worries that the market is oversupplied from record oil production outside OPEC, notably the U.S. producing at a record pace. The company also reported third quarter 2023 earnings that saw earnings per share (EPS) and revenue miss consensus estimates while later announcing a target annual project spend of $22 – $27 billion through 2027. Shares of cybersecurity company Palo Alto Networks rose after revenue and earnings for the fiscal second quarter beat consensus estimates, driven by strength in the Product business. Management raised EPS guidance for fiscal year 2023 above the expected range.
Derivatives were not used in the Fund during the period.
What is the outlook as of the end of the period?
With increasingly dovish commentary and an updated Fed "dot plot" indicating several rate cuts in 2024, we believe the U.S. market has now fully embraced that the dramatic rate cycle which began in March 2022 has come to an end. There has been constructive evidence that inflationary trends are in fact moving downward towards the Fed's stated goal of 2%, yet what remains to be seen is the precise onset, cadence, and true depth of how interest rate cuts will be enacted. We believe any disappointment in the degree or timing of rate cuts could leave increasingly expectant markets susceptible to short-term weakness.
In our view, labor markets have remained resilient and continue to underpin the U.S. economy, and unemployment levels have not risen to the higher levels many expected would be required for the Federal Open Market Committee (FOMC) to reach its inflationary target. We believe that job security and employment prospects continue to provide confidence to the U.S. consumer, yet incremental challenges from rising student loan obligations, increased credit utilization at still-high rates and the complete drawdown of "excess savings" from all but the higher-end cohorts does remove some of the support that the U.S. consumer carried through last year.
An easing in the cost of capital for companies and consumers alike may be constructive for the U.S. economy and could lead to an improved housing market, increased merger and acquisition activity, and increasing levels of investment which we believe may benefit more rate-sensitive sectors, including the Financials sector. Further, we believe robust and continued innovation within the Technology sector promises to provide opportunities for driving productivity within the U.S. workforce as companies continue to explore the burgeoning capabilities that AI promises to bring.
In our view, 2024 will also bring pivotal elections in both Congress and the Executive branch that have important ramifications for the direction of markets. Given 2023 will have seen the U.S. government generate a budget deficit at close to 8% of GDP, the largest of any developed nation and well above the 3.7% level in 2022, the expected debate over fiscal restraint will be an important outcome for this market.
At the end of the period, the Fund’s largest overweights were to the Healthcare, Utilities, and Financials sectors, while the largest underweights were to the Industrials, Materials, and Real Estate sectors, relative to the benchmark.
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 12/31/2023
Sector Percentage
of Net Assets
Equity Securities  
Communication Services 9.0%
Consumer Discretionary 10.6
Consumer Staples 5.5
Energy 3.5
Financials 13.6
Health Care 14.6
Industrials 7.5
Information Technology 28.4
Materials 1.5
Real Estate 1.7
Utilities 3.2
Total 99.1%
Short-Term Investments 0.1
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.

11


Hartford Dividend and Growth HLS Fund
 Fund Overview
 December 31, 2023 (Unaudited) 

Inception 03/09/1994
Sub-advised by Wellington Management Company LLP
Investment objective – The Fund seeks a high level of current income consistent with growth of capital.
Comparison of Change in Value of $10,000 Investment (12/31/2013 - 12/31/2023)
The chart above represents the hypothetical growth of a $10,000 investment in Class IA shares. Returns for Class IB shares differ only to the extent that Class IA shares and Class IB shares do not have the same expenses.
Average Annual Total Returns
for the Periods Ended 12/31/2023
  1 Year 5 Years 10 Years
Class IA 14.18% 13.72% 10.58%
Class IB 13.89% 13.44% 10.31%
S&P 500 Index 26.29% 15.69% 12.03%
Russell 1000 Value Index 11.46% 10.91% 8.40%
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, sales charges or other fees which may be applied at the variable contract level or by a qualified pension or retirement plan. Any such additional sales charges or other fees or expenses would lower the contract’s or plan’s performance. 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 applicable class' net asset value available to shareholders for sale or redemption of Fund shares on 12/31/2023, 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 total returns presented in the Financial Highlights section of the report are calculated in the same manner, but also take into account certain adjustments that are necessary under generally accepted accounting principles. As a result, the total returns in the Financial Highlights section may differ from the total returns presented above.
You cannot invest directly in an index.
See "Benchmark Glossary" for benchmark descriptions.
As shown in the Fund’s current prospectus, the total annual fund operating expense ratios for Class IA shares and Class IB shares were 0.65% and 0.90%, respectively. Gross and net expenses are the same. Actual expenses may be higher or lower. Please see the accompanying Financial Highlights for expense ratios for the period ended 12/31/2023.
Class IA shares and Class IB shares of the Fund are closed to certain qualified pension and retirement plans. For more information, please see the Fund’s statutory prospectus.
 

12


Hartford Dividend and Growth HLS Fund
 Fund Overview – (continued)
 December 31, 2023 (Unaudited) 

Portfolio Managers
Matthew G. Baker 
Senior Managing Director and Equity Portfolio Manager
Wellington Management Company LLP
Nataliya Kofman
Senior  Managing Director and Equity Portfolio Manager
Wellington Management Company LLP
Brian J. Schmeer, CFA
Vice President and Equity Research Analyst
Wellington Management Company LLP


Manager Discussion
How did the Fund perform during the period?
The Class IA shares of the Hartford Dividend and Growth HLS Fund returned 14.18% for the twelve-month period ended December 31, 2023, underperforming the Fund’s primary benchmark, the S&P 500 Index, which returned 26.29% for the same period, and outperforming the Fund’s secondary benchmark, the Russell 1000 Value Index, which returned 11.46% for the same period. For the same period, the Class IA shares of the Fund outperformed the 11.40% 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, rose during the twelve-month period ended on December 31, 2023, amid easing inflation, optimism for lower interest rates, strong performances in select mega-cap technology companies, and steady Gross Domestic Product (GDP) growth. U.S. equities advanced during the first quarter. The collapse of two U.S. regional banks prompted swift policy actions by federal regulators, which helped stabilize liquidity and stem the potential for broader contagion. Shares of large technology companies surged, helping growth stocks to significantly outperform their value counterparts. The U.S. Federal Reserve (Fed) slowed its pace of policy tightening, raising interest rates by 25 basis points (bps) in February and March, to a range between 4.75% – 5%. In the second quarter, U.S. equities rose again largely driven by a potent rally in a narrow group of mega-cap technology companies that benefited from investor optimism about their earnings potential and growth prospects and exuberance surrounding generative artificial intelligence (AI).  U.S. equities fell in the third quarter, pressured by rising Treasury yields amid views that the Fed would keep interest rates elevated for a prolonged period. Even as household budgets were strained by tightening credit conditions and lofty prices, markets dialed back the probability of recession as cooling inflation, a solid job market, and resilient consumer spending increased the potential that the U.S. economy could achieve a “soft landing.” Economic data released during the third quarter indicated healthy momentum in the U.S. economy after GDP in the second quarter grew at a surprisingly strong 2.1% annualized rate.
U.S. equities registered their largest quarterly return in three years for the fourth quarter as gains broadened beyond those of the “Magnificent Seven” stocks that dominated the stock market’s performance for most of the year. A rapid descent in inflation prompted the Fed to pivot from its “higher-for-longer” policy stance in December, sending Treasury yields lower and driving stocks higher. The Fed’s Summary of Economic Projections implied that policymakers anticipate 75 bps of interest-rate cuts in 2024.
Returns varied by market cap during the period, as large-cap stocks, as measured by the S&P 500 Index, outperformed small-cap and mid-cap stocks, as measured by the Russell 2000 Index and S&P MidCap 400 Index, respectively. During the twelve-month period, nine out of eleven sectors within the S&P 500 Index rose, led by the Information Technology (58%), Communication Services (56%), and Consumer Discretionary (42%) sectors. Conversely, Energy (-1%) and Utilities (-7%) were the lone sectors with negative performance.
Sector allocation, a result of our bottom-up stock selection process, was the primary driver of the Fund’s underperformance relative to the S&P 500 Index over the period. Underweight allocations to the Information Technology, Consumer Discretionary, and an overweight allocation to the Utilities sectors detracted the most from relative performance but was marginally offset by an overweight allocation to the Communication Services sector. Security selection also detracted from relative returns during the period. Selection within the Information Technology, Healthcare, and Consumer Discretionary sectors contributed negatively while selection within the Energy and Utilities sectors contributed positively.
Top detractors from performance relative to the S&P 500 Index over the period included lack of exposure to benchmark constituents NVIDIA (Information Technology), Meta Platforms (Communication Services), and Amazon.com (Consumer Discretionary). Shares of NVIDIA surged over the period after the chipmaker provided third-quarter revenue forecast above expectations, indicating that demand for chips used in AI computing remains robust. The company also reported second-quarter revenue and gross margin outlook sharply above estimates, driven by strong data center demand on the growing need of chips for generative AI and language learning models. At the end of May, the company became the first chipmaker to achieve a $1 trillion market valuation. Shares of Meta Platforms rose over the period. The company reported better-than-forecast revenue
 

13


Hartford Dividend and Growth HLS Fund
 Fund Overview – (continued)
 December 31, 2023 (Unaudited) 

for the fourth quarter and boosted its stock buyback authorization by $40 billion. Strong full year results were buoyed by a rebound in online advertising and cost cutting. Shares of Amazon.com ended the period higher. Ongoing demand for AI is expected to benefit Amazon Web Services and increase demand for its cloud computing platforms. The e-commerce giant reported third quarter results that beat consensus estimates as revenue rose 13% compared to the prior quarter. The company saw sales growth within its Amazon Web Services (AWS) business as well as its third-party seller services and advertising units.
The Fund’s top contributors to performance relative to S&P 500 Index during the period were an overweight position in Alphabet (Communication Services), and lack of exposure to benchmark constituents Johnson & Johnson (Healthcare) and Exxon Mobil (Energy). Shares of Alphabet rose over the period on the back of the company’s moves in the rapidly expanding AI arena, like integrating generative AI results directly on top of Alphabet’s search results, and the incorporation of generative AI capabilities across its product suite. Quarterly results also topped consensus estimates due to revenue growth in the Search and Alphabet Cloud segments. Shares of Johnson & Johnson fell over the period. Shares were pressured by the announcement of slow production of COVID-19 vaccines due to weakening demand as well as mixed quarterly-earnings results that showed declining sales driven by waning COVID-19 vaccines and foreign exchange (FX) challenges. Additionally, costs related to the company’s spin-off of its consumer-health business as well as ongoing talc litigations remained an overhang. Shares of Exxon Mobil fell as oil prices decreased on the back of have a negative view of sentiment that has taken over due to worries that the market is oversupplied from record oil production outside OPEC, notably the U.S. producing at a record pace. The company also reported third quarter 2023 earnings that saw earnings per share and revenue miss consensus estimates.
The Fund did not utilize derivatives during the period.
What is the outlook as of the end of the period?
U.S. equities rallied to end the year. Broad gains were driven by declining yields and expectations for interest rate cuts in 2024. While we see a path for the Fed to cease rate increases, we believe the magnitude of rate cuts forecast for 2024 is likely too high. Despite an improving inflation environment, persistent labor market tightness and wage growth seem inconsistent with the expectation for a continual moderation in inflation in our view. Currently, we are not ruling out the potential for an inflation reacceleration in the latter half of the year.
Given the current wide range of outcomes, we remain focused on seeking to find companies with consistent pricing power, strong balance sheets, and sustainable and growing cash flows trading at attractive valuations. As of the end of the period, we remain cautious on valuation. We continue to believe that opportunistically investing in out of favor growth and cyclical names with positive risk/reward skews may provide upside potential while maintaining an overweight to more defensive segments (e.g., insurance, Healthcare services, consumer defensive) may provide the opportunity for upside participation while potentially insulating the portfolio from valuation-driven corrections.
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. • Different investment styles may go in and out of 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, economic and regulatory developments. To the extent the Fund focuses on one or more sectors, the Fund may be subject to increased volatility and risk of loss if adverse developments occur. Integration of environmental, social, and/or governance (ESG) characteristics into the investment process may not work as intended.
Composition by Sector(1)
as of 12/31/2023
Sector Percentage
of Net Assets
Equity Securities  
Communication Services 9.2%
Consumer Discretionary 3.2
Consumer Staples 6.6
Energy 7.5
Financials 16.7
Health Care 14.7
Industrials 7.5
Information Technology 19.6
Materials 4.7
Real Estate 3.3
Utilities 5.3
Total 98.3%
Short-Term Investments 0.8
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


Hartford Healthcare HLS Fund
 Fund Overview
 December 31, 2023 (Unaudited) 

Inception 05/01/2000
Sub-advised by Wellington Management Company LLP
Investment objective – The Fund seeks long-term capital appreciation.
Comparison of Change in Value of $10,000 Investment (12/31/2013 - 12/31/2023)
The chart above represents the hypothetical growth of a $10,000 investment in Class IA shares. Returns for Class IB shares differ only to the extent that Class IA shares and Class IB shares do not have the same expenses.
Average Annual Total Returns
for the Periods Ended 12/31/2023
  1 Year 5 Years 10 Years
Class IA 4.11% 10.88% 10.18%
Class IB 3.81% 10.61% 9.89%
S&P Composite 1500 Health Care Index 1.92% 11.24% 11.32%
S&P 500 Index 26.29% 15.69% 12.03%
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, sales charges or other fees which may be applied at the variable contract level or by a qualified pension or retirement plan. Any such additional sales charges or other fees or expenses would lower the contract’s or plan’s performance. 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 applicable class' net asset value available to shareholders for sale or redemption of Fund shares on 12/31/2023, 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 total returns presented in the Financial Highlights section of the report are calculated in the same manner, but also take into account certain adjustments that are necessary under generally accepted accounting principles. As a result, the total returns in the Financial Highlights section may differ from the total returns presented above.
You cannot invest directly in an index.
See "Benchmark Glossary" for benchmark descriptions.
As shown in the Fund’s current prospectus, the total annual fund operating expense ratios for Class IA shares and Class IB shares were 0.91% and 1.16%, respectively. Gross and net expenses are the same. Actual expenses may be higher or lower. Please see the accompanying Financial Highlights for expense ratios for the period ended 12/31/2023.
Class IA shares and Class IB shares of the Fund are closed to certain qualified pension and retirement plans. For more information, please see the Fund’s statutory prospectus.
 

15


Hartford Healthcare HLS Fund
 Fund Overview – (continued)
 December 31, 2023 (Unaudited) 

Portfolio Managers
Rebecca D. Sykes, CFA
Senior Managing Director and Global Industry Analyst
Wellington Management Company LLP
Wen Shi, PhD, CFA
Managing Director and Global Industry Analyst
Wellington Management Company LLP
David M. Khtikian, CFA
Managing Director and Global Industry Analyst
Wellington Management Company LLP
Fayyaz Mujtaba
Managing Director and Global Industry Analyst
Wellington Management Company LLP


Manager Discussion
How did the Fund perform during the period?
The Class IA shares of Hartford Healthcare HLS Fund returned 4.11% for the twelve-month period ended December 31, 2023, outperforming the S&P Composite 1500 Health Care Index, which returned 1.92% for the same period, while underperforming the S&P 500 Index, which returned 26.29% for the same period. For the same period, the Class IA shares of the Fund underperformed the 4.89% 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?
United States (U.S.) healthcare equities returned 1.92% for the period as measured by the S&P Composite 1500 Health Care Index, underperforming both the broader U.S. equity market, which returned 26.29% as measured by the S&P 500 Index, and the global equity market, which returned 24.42% during the period, as measured by the MSCI World Index. Within the S&P Composite 1500 Health Care Index, medical technology returned 4%, large-cap biopharma returned 2%, healthcare services returned 1%, mid-cap biopharma returned -8%, and small-cap biopharma returned -15% during the period.
The Fund outperformed the S&P Composite 1500 Health Care Index over the period, which was due primarily to favorable security selection decisions. Security selection was strongest in large-cap biopharma, mid-cap biopharma, and small-cap biopharma, while selection in medical technology was weakest. Sector allocation detracted from the Fund’s performance relative to the S&P Composite 1500 Health Care Index. The Fund’s overweight to mid-cap biopharma and small-cap biopharma detracted from relative performance during the period. This was partially offset by positive results from an overweight to healthcare services.
Johnson & Johnson (large-cap biopharma), Bristol-Myers Squibb (large-cap biopharma), and Seagen (large-cap biopharma) were the top contributors to performance relative to the S&P Composite 1500 Health Care Index over the period. Not holding a position in Johnson & Johnson, a constituent of the S&P Composite 1500 Health Care
Index, contributed positively to relative performance, as shares were pressured by multiple challenges over the year, including slowing demand for COVID-19 vaccines, costs related to the company’s spin-off of its consumer-health business, ongoing overhang from talc litigations, IRA drug price negotiations, and patent cliff challenges. An underweight to Bristol-Myers Squibb contributed positively to relative performance, as shares declined during the period. The company continued to suffer from patent cliff challenges. Bristol-Myers Squibb reported third quarter revenue decreased 2% year-over-year driven by multiple myeloma drug Revlimid. Globally, Revlimid sales fell 41% largely due to generic erosion. Six out of eight launch products missed revenue expectations and management downgraded mid-term launch product sales guidance. Shares of Seagen rose during the period on news that Pfizer would acquire the company at a premium of $229 per share for a total value of $43 billion. The acquisition was completed in December. Eli Lilly, Vertex Pharmaceuticals, and Zoetis were the top absolute contributors to the Fund’s performance during the period.
Intuitive Surgical (medical technology), AdaptHealth (healthcare services), and Aclaris Therapeutics (small-cap biopharma) detracted from results relative to the S&P Composite 1500 Health Care Index over the period. Not owning Intuitive Surgical detracted from relative performance as shares rose on the back of strong first quarter 2023 revenues driven by higher-than-expected procedure growth. Management raised procedure growth guidance for the full year and provided an improved outlook given the expectation of a return to normal utilization trend as patients return to healthcare providers post the COVID-19 pandemic. Shares of AdaptHealth fell after the company reported fourth quarter 2022 results showing weaker than expected earnings and revenues. Management of AdaptHealth cited larger impacts from revenue mix and cost pressures than previously expected and ultimately lowered its revenue outlook for 2023. We subsequently eliminated the position in the Fund. Shares of Aclaris Therapeutics fell during the period, most recently as the company announced disappointing top-line results from its Phase 2b study of oral MK2 inhibitor zunsemetinib for the treatment of rheumatoid arthritis. The results did not meet the primary endpoint of an ACR20 response after 12 weeks nor did they meet the secondary endpoints of
 

16


Hartford Healthcare HLS Fund
 Fund Overview – (continued)
 December 31, 2023 (Unaudited) 

ACR50 response, ACR70 response or DAS28-CRP. The trial will now be discontinued. Top detractors from absolute performance included Pfizer, Illumina, and AdaptHealth.
Derivatives were not used in the Fund during the period.
What is the outlook as of the end of the period?
As of the end of the period, we have a positive outlook across the Healthcare opportunity set. We believe groundbreaking innovation, supportive valuations and business models positioned to show resilience through the cycle may benefit long-term investors in the sector.
Biopharma remains a rich environment for innovation in our view. We are excited about developments in GLP-1 and next generation metabolic medicines, ADCs for cancer treatment, and various forms of genetic medicines. We remain selective in large-cap biopharma, where regulatory challenges (patent cliffs, IRA) affect companies inequitably. We believe small and mid-cap biopharma companies remain well positioned as sources of innovation and potential solutions to pipeline gaps for larger companies. Market sentiment may continue to improve with a more supportive interest rate backdrop and increasing merger and acquisition activity in our view. In the U.S., we continue to watch next steps in Inflation Reduction Act policy implementation, but we believe valuations remain attractive and recent clinical readouts continue to support robust growth assumptions for major indications.
We believe medical technology innovation has never been stronger due to advancements in technology development, engineering capabilities and integrated informatics. We believe recent volatility and disruption across the subsector have created new investment opportunity, particularly across many small and mid-cap companies and life science tools companies, where valuations look attractive. Many stocks hit by GLP-1 fears last year saw a modest recovery in the fourth quarter; we continue to monitor these stocks and anticipate incremental opportunity to invest behind market mispricing in the future.
We believe healthcare services companies remain well-positioned to help solve the societal challenge of rising healthcare costs, and some may benefit from the ongoing transition from a fee-for-service to a fee-for-value care system. We believe managed care remains attractive in light of better clarity on cost and Medicaid reenrollment trends. Broadly, we favor companies focused on improving patient outcomes while reining in costs.
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, changes in funding or subsidies, patent and intellectual property considerations, intense competitive pressures, rapid technological changes, long and costly process for obtaining product approval by government agencies, potential product obsolescence, rising cost of medical products and services, and price volatility 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, economic and regulatory developments. These risks may be greater, and include additional risks, for investments in emerging markets.
Composition by Subsector(1)
as of 12/31/2023
Subsector Percentage of
Net Assets
Equity Securities  
Biotechnology 17.7%
Commercial Services & Supplies 0.5
Health Care Equipment & Supplies 15.3
Health Care Providers & Services 23.5
Health Care Technology 0.6
Life Sciences Tools & Services 12.6
Pharmaceuticals 28.6
Total 98.8%
Short-Term Investments 0.7
Other Assets & Liabilities 0.5
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.

17


Hartford International Opportunities HLS Fund
 Fund Overview
 December 31, 2023 (Unaudited) 

Inception 07/02/1990
Sub-advised by Wellington Management Company LLP
Investment objective – The Fund seeks long-term growth of capital.
Comparison of Change in Value of $10,000 Investment (12/31/2013 - 12/31/2023)
The chart above represents the hypothetical growth of a $10,000 investment in Class IA shares. Returns for Class IB shares differ only to the extent that Class IA shares and Class IB shares do not have the same expenses.
Average Annual Total Returns
for the Periods Ended 12/31/2023
  1 Year 5 Years 10 Years
Class IA 11.72% 8.47% 4.24%
Class IB 11.45% 8.20% 3.98%
MSCI ACWI ex USA Index (Net) 15.62% 7.08% 3.83%
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, sales charges or other fees which may be applied at the variable contract level or by a qualified pension or retirement plan. Any such additional sales charges or other fees or expenses would lower the contract’s or plan’s performance. 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 applicable class' net asset value available to shareholders for sale or redemption of Fund shares on 12/31/2023, 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 total returns presented in the Financial Highlights section of the report are calculated in the same manner, but also take into account certain adjustments that are necessary under generally accepted accounting principles. As a result, the total returns in the Financial Highlights section may differ from the total returns presented above.
You cannot invest directly in an index.
See "Benchmark Glossary" for benchmark descriptions.
As shown in the Fund’s current prospectus, the total annual fund operating expense ratios for Class IA shares and Class IB shares were 0.75% and 1.00%, respectively. Gross and net expenses are the same. Actual expenses may be higher or lower. Please see the accompanying Financial Highlights for expense ratios for the period ended 12/31/2023.
Class IA shares and Class IB shares of the Fund are closed to certain qualified pension and retirement plans. For more information, please see the Fund’s statutory prospectus.
 

18


Hartford International Opportunities HLS Fund
 Fund Overview – (continued)
 December 31, 2023 (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
* Nicolas M. Choumenkovitch announced his plan to retire and withdraw from the partnership of Wellington Management Company LLP's parent company, and effective June 30, 2024, he will no longer serve as a portfolio manager for the Fund. Mr. Choumenkovitch’s portfolio management responsibilities will transition to Tara C. Stilwell, CFA in the months leading up to his departure.


Manager Discussion
How did the Fund perform during the period?
The Class IA shares of the Hartford International Opportunities HLS Fund returned 11.72% for the twelve-month period ended December 31, 2023, underperforming the Fund’s benchmark, the MSCI ACWI ex USA Index (Net), which returned 15.62% for the same period. For the same period, the Class IA shares of the Fund underperformed the 15.97% average return of the Lipper International Large-Cap Growth Fund 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 December 31, 2023, international equities rose 15.62% as measured by the MSCI ACWI ex USA Index (Net) amid easing inflation, optimism for lower interest rates, and resilient economic performance amid major geopolitical events. Global equities rose in the first quarter. Economic growth, consumer spending, and labor markets were surprisingly resilient against a backdrop of seismic changes in the global economy, including sweeping sanctions against Russia, a reshaping of global energy flows, and a banking crisis that rekindled fears of a global recession. Major central banks continued to raise interest rates, but financial stresses and persistent inflation muddied the outlook for central bank policy. Global equities also rose in the second quarter as declining energy prices helped reduce headline inflation in most countries, easing the strains on households and businesses. However, persistently high core consumer prices kept pressure on central banks to keep interest rates higher for longer. Global equities fell in the third quarter as market sentiment was dented by concerns about the health of China’s economy, increasing energy prices, and rising government bond yields amid the prospect of an extended period of high interest rates. In a potential step toward phasing out Japan’s ultra-easy monetary policy, the Bank of Japan (BOJ) allowed greater flexibility for government bond yields to fluctuate but ultimately held rates stable. Global equities ended the fourth quarter higher. The U.S. Federal Reserve (Fed) surprised markets by signaling lower interest rates in 2024, sparking a stock rally that rippled across the globe and increasing speculation for sharp reductions in policy rates across developed markets in 2024. China’s economy rebounded, with third-quarter Gross Domestic Product (GDP) expanding by 4.9% from a year ago. Nonetheless, a deepening slump in the property sector
burdened the country’s recovery and investor sentiment. The Brent crude oil price dropped below $80 per barrel amid higher U.S. output and OPEC+ countries struggling to agree on production cuts.
Within the MSCI ACWI ex USA Index (Net), all eleven sectors posted positive returns during the period; the Information Technology (36.88%), Industrials (23.80%), and Financials (17.01%) sectors posted the largest gains.
Security selection detracted from the Fund’s performance relative to the MSCI ACWI ex USA Index (Net) during the period. Weak security selection in the Consumer Discretionary, Consumer Staples, and Utilities sectors detracted from the Fund’s performance relative to the MSCI ACWI ex USA Index (Net), while stronger selection in the Industrials, Information Technology, and Real Estate sectors contributed positively to performance during the period. Sector allocation, a result of our bottom-up security selection process, contributed positively to relative performance during the period. The Fund’s underweight to the Real Estate sector as well as overweights to the Industrials and Information Technology sectors benefited results, while overweights to the Healthcare and Utilities sectors detracted from performance during the period. On a regional basis, security selection was weakest within Emerging Markets and the United Kingdom for the period.
Top detractors to the Fund’s performance relative to the MSCI ACWI ex USA Index (Net) during the period included Anglo American (Materials), Meituan (Consumer Discretionary), and Li Ning (Consumer Discretionary). Shares of Anglo American fell over the period. The British multinational mining company cut its production outlook through 2026 to levels significantly below estimates in an effort to reduce costs. Notably, the company also lowered its 2024 output target for copper. Shares of Chinese food delivery and services platform, Meituan, fell during the period. This came as management said it expects fourth-quarter revenue growth for its core food delivery business to slow versus the preceding quarter. It noted persistent consumer caution and warmer winter weather in China as causes. The company also reported third-quarter adjusted net income that beat consensus estimates. We eliminated the Fund’s position in Meituan during the period. Shares of Li Ning, a Chinese sportswear company, fell during the period. Despite posting revenue gains for the first half of 2023, the company reported third quarter 2023 retail sales that missed market expectation and lowered its full-year revenue guidance for 2023, citing weak sales on channel conflicts and worsening
 

19


Hartford International Opportunities HLS Fund
 Fund Overview – (continued)
 December 31, 2023 (Unaudited) 

macroeconomic conditions. Unauthorized sales outside its designated markets had also negatively affected the company's revenue and margins in the second half of 2023. We eliminated the Fund’s position in Li Ning during the period.
Larsen & Toubro (Industrials), Ferrari (Consumer Discretionary), and BAE Systems (Industrials) were among the top contributors to performance relative to the MSCI ACWI ex USA Index (Net) during the period. Shares of Larsen & Toubro, the Indian conglomerate, rose during the period. The company released first quarter 2024 results that saw earnings per share (EPS) and revenue beat consensus estimates while management reiterated full-year guidance. Saudi Aramco picked the company as one of the contractors for its $10B expansion project for unconventional gas production. The company also announced that it will begin chip design and manufacturing through a new venture, L&T Semiconductor Technologies. Shares of Ferrari rose during the period. The Italian automaker released strong quarterly results throughout the year due to higher pricing and robust demand in the Americas and China. Management maintained their full-year upbeat guidance. Shares of BAE Systems, a British multinational defense, security, and aerospace company, rose over the period. The company was awarded 3.95 billion pounds by the U.K. government for the next phase of its nuclear-powered attack submarine program. The company also saw new potential business opportunities with the emergence of the heightened military conflict between Israel and Hamas.
Derivatives were not used in the Fund during the period.
What is the outlook as of the end of the period?
International markets were largely positive in the fourth quarter, as declining inflation and lower bond yields improved investor sentiment. As we look towards 2024, we believe volatility may remain elevated as the market continues to be acutely focused on macroeconomic issues such as the direction and level of rates, and geopolitical tensions in certain regions around the world. Given the uncertainty around the outlook for markets, we continue to take a moderate pace to our decision-making and seek to maintain a well-balanced portfolio.
Although we believe markets will likely continue to be choppy as we get more clarity on the path forward, we are seeking to take advantage of the volatility by investing in companies with improving or sustainable returns on capital that we believe are underappreciated by the market.
At the end of the period, the Fund’s largest overweights were in the Information Technology and Industrials sectors relative to the MSCI ACWI ex USA Index (Net), while the Fund’s largest underweights were to the Materials and Communications Services sectors. From a regional perspective, the Fund’s largest overweights were to the United Kingdom and Developed EU & Middle East ex UK, and the Fund was most underweight to Emerging Markets, relative to the MSCI ACWI ex USA 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, economic and regulatory developments. These risks may be greater, and include additional risks, for investments in emerging markets or if the Fund focuses in a particular geographic region or country. Mid-cap securities can have greater risks and volatility than large-cap securities. The Fund may have high portfolio turnover, which could increase its transaction costs. To the extent the Fund focuses on one or more sectors, the Fund may be subject to increased volatility and risk of loss if adverse developments occur. Integration of environmental, social, and/or governance (ESG) characteristics into the investment process may not work as intended.
Composition by Sector(1)
as of 12/31/2023
Sector Percentage
of Net Assets
Equity Securities  
Communication Services 3.4%
Consumer Discretionary 10.3
Consumer Staples 6.7
Energy 7.0
Financials 19.3
Health Care 9.7
Industrials 15.6
Information Technology 17.0
Materials 6.1
Real Estate 0.6
Utilities 3.2
Total 98.9%
Short-Term Investments 0.4
Other Assets & Liabilities 0.7
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.

20


Hartford MidCap HLS Fund
 Fund Overview
 December 31, 2023 (Unaudited) 

Inception 07/14/1997
Sub-advised by Wellington Management Company LLP
Investment objective – The Fund seeks long-term growth of capital.
Comparison of Change in Value of $10,000 Investment (12/31/2013 - 12/31/2023)
The chart above represents the hypothetical growth of a $10,000 investment in Class IA shares. Returns for Class IB shares differ only to the extent that Class IA shares and Class IB shares do not have the same expenses.
Average Annual Total Returns
for the Periods Ended 12/31/2023
  1 Year 5 Years 10 Years
Class IA 14.87% 9.70% 8.77%
Class IB 14.54% 9.42% 8.50%
S&P MidCap 400 Index 16.44% 12.62% 9.27%
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, sales charges or other fees which may be applied at the variable contract level or by a qualified pension or retirement plan. Any such additional sales charges or other fees or expenses would lower the contract’s or plan’s performance. 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 applicable class' net asset value available to shareholders for sale or redemption of Fund shares on 12/31/2023, 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 total returns presented in the Financial Highlights section of the report are calculated in the same manner, but also take into account certain adjustments that are necessary under generally accepted accounting principles. As a result, the total returns in the Financial Highlights section may differ from the total returns presented above.
You cannot invest directly in an index.
See "Benchmark Glossary" for benchmark descriptions.
As shown in the Fund’s current prospectus, the total annual fund operating expense ratios for Class IA shares and Class IB shares were 0.72% and 0.97%, respectively. Gross and net expenses are the same. Actual expenses may be higher or lower. Please see the accompanying Financial Highlights for expense ratios for the period ended 12/31/2023.
Class IA shares and Class IB shares of the Fund are closed to certain qualified pension and retirement plans. For more information, please see the Fund’s statutory prospectus.
 

21


Hartford MidCap HLS Fund
 Fund Overview – (continued)
 December 31, 2023 (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 IA shares of the Hartford MidCap HLS Fund returned 14.87% for the twelve-month period ended December 31, 2023, underperforming the Fund’s benchmark, the S&P MidCap 400 Index, which returned 16.44% for the same period.  For the same period, the Class IA shares of the Fund underperformed the 21.18% average return of the Lipper Mid-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 during the twelve-month period ended on December 31, 2023, amid easing inflation, optimism for lower interest rates, strong performances in select mega-cap technology companies, and steady Gross Domestic Product (GDP) growth. U.S. equities advanced during the first quarter. The collapse of two U.S. regional banks prompted swift policy actions by federal regulators, which helped stabilize liquidity and stem the potential for broader contagion. Shares of large technology companies surged, helping growth stocks to significantly outperform their value counterparts. The U.S. Federal Reserve (Fed) slowed its pace of policy tightening, raising interest rates by 25 basis points (bps) in February and March, to a range between 4.75% – 5%. U.S. equities rose again in the second quarter, largely driven by a potent rally in a narrow group of mega-cap technology companies that benefited from investor optimism about their earnings potential and growth prospects and exuberance surrounding generative artificial intelligence (AI). U.S. equities fell in the third quarter, pressured by rising Treasury yields amid views that the Fed would keep interest rates elevated for a prolonged period. Economic data released during the third quarter indicated healthy momentum in the U.S. economy after GDP in the second quarter grew at a 2.1% annualized rate. U.S. equities registered their largest quarterly return in three years for the fourth quarter as gains broadened beyond those of the “Magnificent Seven” stocks that dominated the stock market’s performance for most of the year. A rapid descent in inflation prompted the Fed to pivot from its “higher-for-longer” policy stance in December, sending Treasury yields lower and driving stocks higher. The Fed’s Summary of Economic Projections implied that policymakers anticipate 75 bps of interest-rate cuts in 2024.
Returns during the period varied by market cap. Mid-cap stocks, as measured by the S&P MidCap 400 Index, underperformed large-cap and small-cap stocks, as measured by the S&P 500 Index and the Russell 2000 Index. Within the S&P MidCap 400 Index, nine out of the eleven sectors posted positive returns during the period. The
Industrials (+31.49%), Information Technology (+28.47%), and Communication Discretionary (+24.28%) sectors performed the best, while the Utilities (-13.21%) and Communication Services (-7.49%) sectors performed the worst.
The Fund underperformed the S& P MidCap 400 Index during the period primarily because of negative security selection. Selection effects were particularly weak within the Financials, Healthcare, and Consumer Discretionary sectors. This was partially offset by strong selection in the Information Technology and Communication Services sectors, which contributed positively to performance during the period. Sector allocation, a result of our bottom-up stock selection process, contributed positively to the Fund’s performance relative to the S&P MidCap 400 Index during the period. This was primarily due to an overweight allocation to the Information Technology sector and an underweight to the Utilities and Financials sectors. This positive contribution was partially offset by an overweight to the Healthcare sector and underweight to the Consumer Discretionary and Materials sectors which detracted from performance.
Top detractors from the Fund’s relative performance for the period included Insulet (Healthcare), Chewy (Consumer Discretionary), and First Republic Bank (Financials). Insulet is an innovative medical device company dedicated to making the lives of people with diabetes and other conditions easier with its Omnipod product platform. Shares of Insulet fell over the period on concerns that the uptake of weight loss drugs could lower incidence rates of diabetes and soften demand for the company’s insulin pumps. Shares of online pet retailer Chewy fell over the period despite reporting positive earnings for the first and second quarter. The company announced David Reeder as the new CFO in December and laid off hundreds of employees in November. Management provided cautious commentary regarding customers trading down to lower-priced pet food amid high inflation and a decrease in active customers of 0.6% year over year. Shares of First Republic Bank fell sharply during the first quarter on fears a wave of banking failures could hit the regional lender. U.S. officials determined First Republic Bank was stable enough to operate without immediate intervention at the onset of the banking turmoil. News then surfaced that officials were considering additional support to allow First Republic Bank more time to make balance sheet adjustments. The share price has bottomed out and not recovered as of the end of the period.
Top contributors to relative performance during the period included MongoDB (Information Technology), Apellis Pharmaceuticals (Healthcare), and Fair Isaac (Information Technology). Shares of MongoDB, a source-available, cross-platform, document-oriented
 

22


Hartford MidCap HLS Fund
 Fund Overview – (continued)
 December 31, 2023 (Unaudited) 

database program, rose over the period primarily after the company reported blowout fiscal first-quarter earnings and lifted its full-year guidance. The company also acquired 2,300 new customers, their highest in over two years. MongoDB also introduced an AI-Powered automation feature for Query. Shares of Apellis Pharmaceuticals rose over the period despite a volatile year. Shares fell sharply as management disclosed that six occurrences of retinal vasculitis had been reported in patients following the first injection of the company’s new eye injection medication Syfovre. However, Syfovre rebounded, and the company reported strong third-quarter 2023 revenue results for the new drug which treats geographic atrophy secondary to age-related macular degeneration. Shares of data analytics company, Fair Isaac (FICO), rose over the period after the company reported positive third and fourth quarter earnings that beat analysts’ expectations. Software revenues, which include FICO’s analytics and digital decisioning technology, as well as associated professional services, increased 11.2% year over year to $194.2 million. The company also raised fiscal year 2023 guidance and expected revenues to be $1.675 billion.
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?
Our belief that business fundamentals will drive stock prices moving forward remains unchanged. While rate expectations have continued to drive market sentiment in the short-term, the valuation paradigm of negative real interest rates has changed dramatically in our view. Within this environment, we are choosing to focus on businesses that we believe have more control over their own destiny.
At the end of the period, the Fund’s largest overweights were to the Healthcare and Information Technology sectors and most underweight to Real Estate, Materials and Financials sectors relative to the S&P MidCap 400 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. Mid-cap securities can have greater risks and volatility than large-cap securities. To the extent the Fund focuses on one or more sectors, the Fund may be subject to increased volatility and risk of loss if adverse developments occur. Integration of environmental, social, and/or governance (ESG) characteristics into the investment process may not work as intended.
Composition by Sector(1)
as of 12/31/2023
Sector Percentage
of Net Assets
Equity Securities  
Communication Services 1.7%
Consumer Discretionary 12.4
Consumer Staples 1.5
Energy 4.3
Financials 11.6
Health Care 21.4
Industrials 20.4
Information Technology 21.8
Materials 2.4
Real Estate 1.3
Utilities 0.8
Total 99.6%
Short-Term Investments 0.0 *
Other Assets & Liabilities 0.4
Total 100.0%
    
* Percentage rounds to zero.
    
(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


Hartford Small Cap Growth HLS Fund
 Fund Overview
 December 31, 2023 (Unaudited) 

Inception 05/02/1994
Sub-advised by Wellington Management Company LLP
Investment objective – The Fund seeks long-term capital appreciation.
Comparison of Change in Value of $10,000 Investment (12/31/2013 - 12/31/2023)
The chart above represents the hypothetical growth of a $10,000 investment in Class IA shares. Returns for Class IB shares differ only to the extent that Class IA shares and Class IB shares do not have the same expenses.
Average Annual Total Returns
for the Periods Ended 12/31/2023
  1 Year 5 Years 10 Years
Class IA 18.42% 9.78% 7.17%
Class IB 18.14% 9.50% 6.91%
Russell 2000 Growth Index 18.66% 9.22% 7.16%
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, sales charges or other fees which may be applied at the variable contract level or by a qualified pension or retirement plan. Any such additional sales charges or other fees or expenses would lower the contract’s or plan’s performance. 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 applicable class' net asset value available to shareholders for sale or redemption of Fund shares on 12/31/2023, 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 total returns presented in the Financial Highlights section of the report are calculated in the same manner, but also take into account certain adjustments that are necessary under generally accepted accounting principles. As a result, the total returns in the Financial Highlights section may differ from the total returns presented above.
You cannot invest directly in an index.
See "Benchmark Glossary" for benchmark descriptions.
As shown in the Fund’s current prospectus, the total annual fund operating expense ratios for Class IA shares and Class IB shares were 0.64% and 0.89%, respectively. Gross and net expenses are the same. Actual expenses may be higher or lower. Please see the accompanying Financial Highlights for expense ratios for the period ended 12/31/2023.
The Fund is closed to new investors, subject to certain exceptions. For more information, please see the Fund’s statutory prospectus.
 

24


Hartford Small Cap Growth HLS Fund
 Fund Overview – (continued)
 December 31, 2023 (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
* Mammen Chally, CFA announced his plan to retire and withdraw from the partnership of Wellington Management Company LLP’s parent company, and effective June 30, 2024, he will no longer serve as a portfolio manager for the Fund. Mr. Chally’s portfolio management responsibilities will transition to David A. Siegle, CFA in the months leading up to his departure.


Manager Discussion
How did the Fund perform during the period?
The Class IA shares of the Hartford Small Cap Growth HLS Fund returned 18.42% for the twelve-month period ended December 31, 2023, underperforming the Fund’s benchmark, the Russell 2000 Growth Index, which returned 18.66% for the same period. For the same period, the Class IA shares of the Fund outperformed the 16.76% 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 during the twelve-month period ended on December 31, 2023 amid easing inflation, optimism for lower interest rates, strong performances in select mega-cap technology companies, and steady Gross Domestic Product (GDP) growth. U.S. equities advanced during the first quarter. The collapse of two U.S. regional banks prompted swift policy actions by federal regulators, which helped stabilize liquidity and stem the potential for broader contagion. Shares of large technology companies surged, helping growth stocks to significantly outperform their value counterparts. The U.S. Federal Reserve (Fed) slowed its pace of policy tightening, raising interest rates by 25 basis points (bps) in February and March, to a range between 4.75% – 5%. U.S. equities rose again in the second quarter, largely driven by a potent rally in a narrow group of mega-cap technology companies that benefited from investor optimism about their earnings potential, growth prospects, and exuberance surrounding generative artificial intelligence (AI). U.S. equities fell in the third quarter, pressured by rising Treasury yields amid views that the Fed would keep interest rates elevated for a prolonged period. Even as household budgets were strained by tightening credit conditions and lofty prices, markets dialed back the probability of recession as cooling inflation, a solid job market, and resilient consumer spending increased the potential that the U.S. economy could achieve a “soft landing.” Economic data released during the third quarter indicated healthy momentum in the U.S. economy after GDP in the second quarter grew at a 2.1% annualized rate. U.S. equities registered their largest quarterly return
in three years for the fourth quarter as gains broadened beyond those of the “Magnificent Seven” stocks that dominated the stock market’s performance for most of the year. A rapid descent in inflation prompted the Fed to pivot from its “higher-for-longer” policy stance in December, sending Treasury yields lower and driving stocks higher. The Fed’s Summary of Economic Projections implied that policymakers anticipate 75 bps of interest-rate cuts in 2024.
Returns varied by market-cap during the period, as large-cap stocks, as measured by the S&P 500 Index, outperformed mid-cap stocks, as measured by the S&P MidCap 400 Index and small-cap stocks, as measured by the Russell 2000 Index. Ten of the eleven sectors in the Russell 2000 Growth Index had positive returns during the period. Consumer staples (+28%), Information Technology (26%), and Industrials (25%) rose the most during the period, while Utilities (-2%) was the worst performing sector during the period.
Security selection was the primary driver of relative underperformance. Selection was weakest within the Industrials, Healthcare, and Communication Services sectors while selection was strongest in the Information Technology, Consumer Staples, and Consumer Discretionary sectors. Sector allocation, which is a result of our bottom-up security selection process, contributed positively to relative performance. This was driven by the Fund’s lack of exposure to the Utilities sector, an underweight allocation to the Healthcare sector, and an overweight allocation to the Industrials sector. An underweight allocation to the Materials sector detracted from relative performance.
The top contributors to relative performance were overweight positions in ImmunoGen (Healthcare), Wingstop (Consumer Discretionary), and Sovos Brands (Consumer Staples). Shares of ImmunoGen rose as the company reported strong topline results from a Phase 3 study of antibody-drug conjugate Elahere compared to chemotherapy for the treatment of a specific type of ovarian cancer. We eliminated the position at the end of the period. Shares of Wingstop rose over the period as the company reported third quarter results that beat expectations. Shares of Sovos Brands, a consumer-packaged food
 

25


Hartford Small Cap Growth HLS Fund
 Fund Overview – (continued)
 December 31, 2023 (Unaudited) 

company, rallied after Campbell Soup announced it would be acquiring the company for $2.7 billion in cash. We eliminated the position at the end of the period.
The top detractors from relative performance included overweight positions in Ventyx Biosciences (Healthcare) and Aclaris Therapeutics (Healthcare) and an out-of-benchmark position in Western Alliance Bancorp (Financials). Shares of Ventyx Biosciences, a clinical-stage biopharmaceutical company, fell during the period after the company announced results of its phase two trial on psoriasis treatments. The company stated that the results did not support further development of the drug due to the magnitude of efficacy observed, causing share price to reach its lowest level. We eliminated the position at the end of the period. Shares of Aclaris Therapeutics fell during the period as the company announced disappointing top-line results from its Phase 2b study of oral MK2 inhibitor zunsemetinib for the treatment of rheumatoid arthritis and noting that the trial will be discontinued. We eliminated the position at the end of the period. Shares of Western Alliance fell sharply and then finished the period higher. The company came under pressure along with other small lenders after the failure of Silicon Valley Bank caused concerns that other banks would need to sell long-term assets at steep losses to meet liquidity needs. We eliminated the position at the end of the period.
Derivatives were not used in the Fund during the period.
What is the outlook as of the end of the period?
With increasingly dovish commentary and an updated Fed "dot plot" indicating several rate cuts in 2024, we believe the U.S. market has now fully embraced that the dramatic rate cycle which began in March 2022 has come to an end. There has been constructive evidence that inflationary trends are in fact moving downward towards the Fed's stated goal of 2%, yet what remains to be seen is the precise onset, cadence, and true depth of how interest rate cuts will be enacted. We believe any disappointment in the degree or timing of rate cuts could leave increasingly expectant markets susceptible to short-term weakness.
In our view, labor markets have remained resilient and continue to underpin the U.S. economy, and unemployment levels have not risen to the higher levels many expected would be required for the Federal Open Market Committee (FOMC) to reach its inflationary target. We believe that job security and employment prospects continue to provide confidence to the U.S. consumer, yet incremental challenges from rising student loan obligations, increased credit utilization at still-high rates and the complete drawdown of "excess savings" from all but the higher-end cohorts does remove some of the support that the U.S. consumer carried through last year.
An easing in the cost of capital for companies and consumers alike may be constructive for the U.S. economy and could lead to an improved housing market, increased merger and acquisition activity, and increasing levels of investment which we believe may benefit more rate-sensitive sectors, including the Financials sector. Further, robust and continued innovation within the Technology sector promises to provide opportunities for driving productivity within the U.S. workforce as companies continue to explore the burgeoning capabilities that AI promises to bring.
In our view, 2024 will also bring pivotal elections in both Congress and the Executive branch that have important ramifications for the direction of markets. The expected debate over fiscal restraint will be an important outcome for the market, as the U.S. government generated a budget deficit near 8% in 2023, which is the largest of any other developed nation and well above the 3.7% level in 2022.
At the end of the period, the Fund’s largest overweights were to the Information Technology, Consumer Discretionary, and Industrials sectors, while the Fund’s largest underweights were to the Utilities, Consumer Staples, and Communication Services sectors relative to the benchmark.
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, including liquidity risk, and volatility than large-cap securities. • Different investment styles may go in and out of favor, which may cause the Fund to underperform the broader stock market. • To the extent the Fund focuses on one or more sectors, the Fund may be subject to increased volatility and risk of loss if adverse developments occur.
Composition by Sector(1)
as of 12/31/2023
Sector Percentage
of Net Assets
Equity Securities  
Communication Services 1.5%
Consumer Discretionary 12.1
Consumer Staples 3.0
Energy 4.4
Financials 6.7
Health Care 22.4
Industrials 20.2
Information Technology 23.3
Materials 4.3
Real Estate 1.6
Total 99.5%
Short-Term Investments 0.9
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 Small Company HLS Fund
 Fund Overview
 December 31, 2023 (Unaudited) 

Inception 08/09/1996
Sub-advised by Wellington Management Company LLP
Investment objective – The Fund seeks growth of capital.
Comparison of Change in Value of $10,000 Investment (12/31/2013 - 12/31/2023)
The chart above represents the hypothetical growth of a $10,000 investment in Class IA shares. Returns for Class IB shares differ only to the extent that Class IA shares and Class IB shares do not have the same expenses.
Average Annual Total Returns
for the Periods Ended 12/31/2023
  1 Year 5 Years 10 Years
Class IA 16.74% 11.77% 7.79%
Class IB 16.46% 11.51% 7.53%
Russell 2000 Growth Index 18.66% 9.22% 7.16%
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, sales charges or other fees which may be applied at the variable contract level or by a qualified pension or retirement plan. Any such additional sales charges or other fees or expenses would lower the contract’s or plan’s performance. 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 applicable class' net asset value available to shareholders for sale or redemption of Fund shares on 12/31/2023, 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 total returns presented in the Financial Highlights section of the report are calculated in the same manner, but also take into account certain adjustments that are necessary under generally accepted accounting principles. As a result, the total returns in the Financial Highlights section may differ from the total returns presented above.
You cannot invest directly in an index.
See "Benchmark Glossary" for benchmark descriptions.
As shown in the Fund’s current prospectus, the total annual fund operating expense ratios for Class IA shares and Class IB shares were 0.79% and 1.04%, respectively. Gross and net expenses are the same. Actual expenses may be higher or lower. Please see the accompanying Financial Highlights for expense ratios for the period ended 12/31/2023.
The Fund is closed to new investors, subject to certain exceptions. For more information, please see the Fund’s statutory prospectus.
 

27


Hartford Small Company HLS Fund
 Fund Overview – (continued)
 December 31, 2023 (Unaudited) 

Portfolio Manager
Ranjit Ramachandran, CFA
Managing Director and Equity Portfolio Manager
Wellington Management Company LLP


Manager Discussion
How did the Fund perform during the period?
The Class IA shares of the Hartford Small Company HLS Fund returned 16.74% for the twelve-month period ended December 31, 2023, underperforming the Fund’s benchmark, the Russell 2000 Growth Index which returned 18.66% for the same period.  For the same period, the Class IA shares of the Fund underperformed the 16.76% 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 during the twelve-month period ended on December 31, 2023 amid easing inflation, optimism for lower interest rates, strong performances in select mega-cap technology companies, and steady Gross Domestic Product (GDP) growth. The U.S. Federal Reserve (Fed) raised interest rates by 25 basis points (bps) four times through July, before holding rates steady through the remainder of the year, slowing its pace of policy tightening. U.S. equities advanced during the first quarter. The collapse of two U.S. regional banks prompted swift policy actions by federal regulators, which helped stabilize liquidity and stem the potential for broader contagion. U.S. equities rose again in the second quarter, largely driven by a potent rally in a narrow group of mega-cap technology companies that benefited from investor optimism about reported earnings, future growth prospects and excitement surrounding the potential for generative artificial intelligence (AI). U.S. equities fell in the third quarter, pressured by rising Treasury yields amid views that the Fed would keep interest rates elevated for a prolonged period. Even as household budgets were strained by tightening credit conditions and lofty prices, markets dialed back the probability of recession as cooling inflation, a solid job market, and resilient consumer spending increased the potential that the U.S. economy could achieve a “soft landing.” Economic data released during the third quarter indicated healthy momentum in the U.S. economy after GDP in the second quarter grew at a 2.1% annualized rate. U.S. equities registered their largest quarterly return in three years for the fourth quarter as gains broadened beyond those of the “Magnificent Seven” stocks that dominated the stock market’s performance for most of the year. A rapid descent in inflation prompted the Fed to pivot from its “higher-for-longer” policy stance in December, sending Treasury yields lower and driving stocks higher. The Fed’s Summary of Economic Projections implied that policymakers anticipate 75 bps of interest-rate cuts in 2024.
Returns varied by market-cap, as large-cap stocks, as measured by the S&P 500 Index, outperformed mid-cap stocks and small-cap stocks, as measured by the S&P MidCap 400 Index and Russell 2000 Index, respectively. Ten of the eleven sectors in the Russell 2000 Growth Index had positive returns during the period. The Consumer
Staples (+28%), Information Technology (+26%), and Industrials (+25%) sectors rose the most during the period, while the Utilities (-2%) sector was the worst performing sector during the period.
Security selection and sector allocation drove relative underperformance in the period. Selection within the Information Technology, Healthcare, and Communication Services sectors detracted most, while more favorable selection within the Consumer Staples and Consumer Discretionary sectors partially offset weak results. Sector allocation, which is the result of bottom-up stock selection, also detracted from relative performance. An underweight allocation to the Information Technology sector detracted, while a lack of exposure to the Utilities sector contributed positively.
Top detractors from relative performance during the period included Calix (Information Technology), not owning benchmark constituent Super Micro Computer (Information Technology), and Ameresco (Industrials). Calix is a telecommunications company that offers cloud-based software systems and services to support the delivery of broadband services. The share price declined early in the period as supply chain challenges weighed on the company’s near-term operational efficiency. We maintained an overweight position in the Fund to end the period. Shares of Super Micro Computer, which was not held, ended the period higher after the U.S.-based IT solutions provider reported better-than-expected fiscal third-quarter results. Shares were further supported by the market's optimistic outlook on AI. The share price of Ameresco, an integrated electric Energy company, moved lower in the period. Management of Ameresco released disappointing third quarter results and reduced guidance citing supply chain delays and administrative bottlenecks that had delayed project revenues. We remained constructive on the company’s long-term positioning, benefiting from the Energy transition, and held an overweight position in the Fund as of the end of the period.
Top contributors to relative performance during the period included Wingstop (Consumer Discretionary), elf Beauty (Consumer Staples), and Verra Mobility (Industrials). The share price of elf Beauty rose after surpassing consensus estimates on both the top and bottom-line metrics for four consecutive periods. Sales growth was driven by strong performance in the Cosmetics and Skincare segments across retail and e-commerce channels, while gross margin growth was supported by price increases and an improved product mix. The company also significantly raised its 2023 sales guidance and announced the acquisition of Naturium Skincare, a skincare company with a sizable presence at notable department stores. The share price of Wingstop, a franchisor and operator of restaurants, rose in the period after management released solid results citing strength in international volume growth. We remained constructive on Wingstop’s path to drive unit growth upside however we trimmed out the position during the period on strength. The share price of Verra Mobility, a toll management and photo enforcement technology company, rose after
 

28


Hartford Small Company HLS Fund
 Fund Overview – (continued)
 December 31, 2023 (Unaudited) 

management announced strong results driven by strong recurring revenue growth and free cash flow generation. We maintained positions in all three securities in the Fund as of the end the of 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?
U.S. equities rallied to end the year. We believe market narrowness has subsided however volatility remains elevated. Broad sector gains were driven by reports of cooling inflation, declining yields, and continued economic resilience. The Fed maintained the pause in rate rises as its tone shifted to dovish, leading the market to price in multiple rate cuts for 2024. The perspective of a lower rate environment provided an additional tailwind for interest rate sensitive sectors like Real Estate and Information Technology.
We continue to monitor the impact of higher rates on the cost of capital for companies. We believe inflation is moderating but remains above the Fed's target, supported by strength in services and the labor market. In our view, whether or not the Fed remains anchored to two percent inflation is expected to drive the path of interest rates going forward. We believe that policy makers will be keeping a close eye on macroeconomic indicators to drive decisions. We continue to seek to take advantage of the current market volatility by investing in what we view to be well-managed companies displaying fundamental momentum and attractive risk rewards, while being cognizant of the downside risks.
At the end of the period, the Fund’s largest overweights were to the Industrials, Consumer Discretionary, and Real Estate sectors, while the Fund’s largest underweights were to the Information Technology, Financials, and Utilities sectors, relative to the benchmark.
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, including liquidity risk, and volatility than large-cap securities. Different investment styles may go in and out of 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, economic and regulatory developments. To the extent the Fund focuses on one or more sectors, the Fund may be subject to increased volatility and risk of loss if adverse developments occur. Integration of environmental, social, and/or governance (ESG) characteristics into the investment process may not work as intended. The Fund may have high portfolio turnover, which could increase its transaction costs.
Composition by Sector(1)
as of 12/31/2023
Sector Percentage
of Net Assets
Equity Securities  
Communication Services 3.4%
Consumer Discretionary 12.8
Consumer Staples 4.7
Energy 5.1
Financials 4.7
Health Care 22.9
Industrials 22.8
Information Technology 17.3
Materials 3.1
Real Estate 3.0
Total 99.8%
Short-Term Investments 0.6
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.

29


Hartford Stock HLS Fund
 Fund Overview
 December 31, 2023 (Unaudited) 

Inception 08/31/1977
Sub-advised by Wellington Management Company LLP
Investment objective – The Fund seeks long-term growth of capital.
Comparison of Change in Value of $10,000 Investment (12/31/2013 - 12/31/2023)
The chart above represents the hypothetical growth of a $10,000 investment in Class IA shares. Returns for Class IB shares differ only to the extent that Class IA shares and Class IB shares do not have the same expenses.
Average Annual Total Returns
for the Periods Ended 12/31/2023
  1 Year 5 Years 10 Years
Class IA 7.72% 13.44% 10.69%
Class IB 7.45% 13.15% 10.41%
Russell 1000 Index 26.53% 15.52% 11.80%
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, sales charges or other fees which may be applied at the variable contract level or by a qualified pension or retirement plan. Any such additional sales charges or other fees or expenses would lower the contract’s or plan’s performance. 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 applicable class' net asset value available to shareholders for sale or redemption of Fund shares on 12/31/2023, 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 total returns presented in the Financial Highlights section of the report are calculated in the same manner, but also take into account certain adjustments that are necessary under generally accepted accounting principles. As a result, the total returns in the Financial Highlights section may differ from the total returns presented above.
You cannot invest directly in an index.
See "Benchmark Glossary" for benchmark descriptions.
As shown in the Fund’s current prospectus, the total annual fund operating expense ratios for Class IA shares and Class IB shares were 0.51% and 0.76%, respectively. Gross and net expenses are the same. Actual expenses may be higher or lower. Please see the accompanying Financial Highlights for expense ratios for the period ended 12/31/2023.
Class IA shares and Class IB shares of the Fund are closed to certain qualified pension and retirement plans. For more information, please see the Fund’s statutory prospectus.
 

30


Hartford Stock HLS Fund
 Fund Overview – (continued)
 December 31, 2023 (Unaudited) 

Portfolio Managers
Donald J. Kilbride
Senior Managing Director and Equity Portfolio Manager
Wellington Management Company LLP
Peter C. Fisher
Senior Managing Director and Equity Portfolio Manager
Wellington Management Company LLP


Manager Discussion
How did the Fund perform during the period?
The Class IA shares of the Hartford Stock HLS Fund returned 7.72% for the twelve-month period ended December 31, 2023, underperforming the Fund’s benchmark, the Russell 1000 Index, which returned 26.53% for the same period. For the same period, the Class IA shares of the Fund also underperformed the 24.34% 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, rose during the twelve-month period ended on December 31, 2023 amid easing inflation, optimism for lower interest rates, strong performances in select mega-cap technology companies, and steady Gross Domestic Product (GDP) growth. U.S. equities advanced during the first quarter. The collapse of two U.S. regional banks prompted swift policy actions by federal regulators, which helped stabilize liquidity and stem the potential for broader contagion. Shares of large technology companies surged, helping growth stocks to significantly outperform their value counterparts. The U.S. Federal Reserve (Fed) slowed its pace of policy tightening, raising interest rates by 25 basis points (bps) in February and March, to a range between 4.75% – 5%. U.S. equities rose again in the second quarter, largely driven by a potent rally in a narrow group of mega-cap technology companies that benefited from investor optimism about their earnings potential and growth prospects and exuberance surrounding generative artificial intelligence. U.S. equities fell in the third quarter, pressured by rising Treasury yields amid views that the Fed would keep interest rates elevated for a prolonged period. Even as household budgets were strained by tightening credit conditions and lofty prices, markets dialed back the probability of recession as cooling inflation, a solid job market, and resilient consumer spending increased the potential that the U.S. economy could achieve a “soft landing.” Economic data released during the third quarter indicated healthy momentum in the U.S. economy after GDP in the second quarter grew at a 2.1% annualized rate. U.S. equities registered their largest quarterly return in three years for the fourth quarter as gains broadened beyond those of the “Magnificent Seven” stocks that dominated the stock market’s performance for most of the year. A rapid descent in inflation prompted the Fed to pivot from its “higher-for-longer” policy stance in December, sending Treasury yields lower and driving stocks higher. The Fed’s Summary of Economic Projections implied that policymakers anticipate 75 bps of interest-rate cuts in 2024.
Returns varied by market capitalization during the period, as large-cap equities, as measured by the S&P 500 Index, outperformed both small- and mid-cap equities, as measured by the Russell 2000 Index and the S&P MidCap 400 Index, respectively. During the twelve-month period, nine of the eleven sectors within the Russell 1000 Index rose, led by the Information Technology (57.24%), Communication Services (54.20%), and Consumer Discretionary (40.89%) sectors. Conversely, the Utilities (-7.01%) and Energy (-1.21%) sectors fell over the same period.
Security selection detracted from the Fund’s performance versus the Russell 1000 Index during the period. Weak security selection in the Industrials, Consumer Discretionary, and Information Technology sectors was partially offset by stronger selection in the Materials and Consumer Staples sectors. Sector allocation, a residual of the bottom-up stock selection process, also detracted from relative results. This was driven by the Fund’s underweight exposure to the Information Technology sector and overweight exposure to the Consumer Staples sector, as well as a lack of exposure to the Communication Services sector. The relative underperformance was partially offset by a lack of exposure to the Energy sector, an underweight to the Utilities sector, and an overweight exposure to the Financials sector in the Fund.
The Fund’s positions in Northrop Grumman (Industrials) and NIKE (Consumer Discretionary), along with not holding benchmark constituents NVIDIA (Information Technology), Meta Platforms (Communication Services), Apple (Information Technology) and Amazon.com (Consumer Discretionary), were the top detractors from performance relative to the Russell 1000 Index during the period. Shares of U.S.-based aerospace and defense company Northrop Grumman were down after a strong year in 2022 and on jitters around the upcoming U.S. election in the second half of 2024. Shares of NIKE, a U.S.-based manufacturer of athletic apparel, fell over the period due to a sluggish economic recovery in China, inventory challenges, and an uncertain macroeconomic outlook. The Fund continued to hold overweight exposures to Northrop Grumman and NIKE at the end of the period. Shares of each of NVIDIA, Meta Platforms, Apple and Amazon.com rose over the period.
Top contributors to the Fund’s performance relative to the Russell 1000 Index during the period included positions in Costco Wholesale (Consumer Staples) and Ecolab (Materials), along with not holding benchmark constituents Exxon Mobil (Energy), Chevron (Energy), Bristol-Myers Squibb (Healthcare) and Abbvie (Healthcare). The share price of Costco Wholesale, a U.S.-based retailer which operates membership warehouse clubs, rose in during the period. The company
 

31


Hartford Stock HLS Fund
 Fund Overview – (continued)
 December 31, 2023 (Unaudited) 

continued to execute, growing both top and bottom lines by increasing volumes and continuously improving the customer experience. Shares of Ecolab, a U.S.-based chemical company providing water, hygiene, and infection prevention solutions, ended the period higher on strong pricing momentum and accelerating volumes, as well as continued margin expansion from productivity enhancements. The company’s focus on high growth areas like R&D, as well as on innovation and enhanced digital/service offerings, are expected to drive growth going forward. As of the end of the period, the Fund continued to hold overweight positions in Costco Wholesale and Ecolab. Shares of each of Exxon Mobil (Energy), Chevron (Energy), Bristol-Myers Squibb (Healthcare) and Abbvie (Healthcare) fell 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?
Going forward, we will continue to focus on companies that we believe are high quality and are expected to grow their dividends.
As of the end of the period, the Fund was most overweight to the Industrials and Consumer Staples sectors and most underweight to the Information Technology and Communication Services sectors relative to the Russell 1000 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. • 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, economic and regulatory developments. • The Fund may also hold a limited number of securities so it may be exposed to more risks and volatility than a fund that invests in a greater number of companies.
Composition by Sector(1)
as of 12/31/2023
Sector Percentage
of Net Assets
Equity Securities  
Consumer Discretionary 10.6%
Consumer Staples 14.8
Financials 14.6
Health Care 18.9
Industrials 21.2
Information Technology 10.9
Materials 5.2
Real Estate 3.3
Total 99.5%
Short-Term Investments 0.2
Other Assets & Liabilities 0.3
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 Total Return Bond HLS Fund
 Fund Overview
 December 31, 2023 (Unaudited) 

Inception 08/31/1977
Sub-advised by Wellington Management Company LLP
Investment objective – The Fund seeks a competitive total return, with income as a secondary objective.
Comparison of Change in Value of $10,000 Investment (12/31/2013 - 12/31/2023)
The chart above represents the hypothetical growth of a $10,000 investment in Class IA shares. Returns for Class IB shares differ only to the extent that Class IA shares and Class IB shares do not have the same expenses.
Average Annual Total Returns
for the Periods Ended 12/31/2023
  1 Year 5 Years 10 Years
Class IA 6.97% 1.86% 2.32%
Class IB 6.69% 1.59% 2.07%
Bloomberg US Aggregate Bond Index 5.53% 1.10% 1.81%
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, sales charges or other fees which may be applied at the variable contract level or by a qualified pension or retirement plan. Any such additional sales charges or other fees or expenses would lower the contract’s or plan’s performance. 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 applicable class' net asset value available to shareholders for sale or redemption of Fund shares on 12/31/2023, 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 total returns presented in the Financial Highlights section of the report are calculated in the same manner, but also take into account certain adjustments that are necessary under generally accepted accounting principles. As a result, the total returns in the Financial Highlights section may differ from the total returns presented above.
You cannot invest directly in an index.
See "Benchmark Glossary" for benchmark descriptions.
As shown in the Fund’s current prospectus, the total annual fund operating expense ratios for Class IA shares and Class IB shares were 0.50% and 0.75%, respectively. Gross and net expenses are the same. Actual expenses may be higher or lower. Please see the accompanying Financial Highlights for expense ratios for the period ended 12/31/2023.
Class IA shares and Class IB shares of the Fund are closed to certain qualified pension and retirement plans. For more information, please see the Fund’s statutory prospectus.
 

33


Hartford Total Return Bond HLS Fund
 Fund Overview – (continued)
 December 31, 2023 (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
Senior  Managing Director and Fixed Income Portfolio Manager
Wellington Management Company LLP


Manager Discussion
How did the Fund perform during the period?
The Class IA shares of the Hartford Total Return Bond HLS Fund returned 6.97% for the twelve-month period ended December 31, 2023, outperforming the Fund’s benchmark, the Bloomberg US Aggregate Bond Index, which returned 5.53% for the same period. For the same period, the Class IA shares of the Fund also outperformed the 5.84% average return of the Lipper Core Bond Funds peer group, a group of funds with investment strategies like those of the Fund.
Why did the Fund perform this way?
Global fixed income sectors generated positive total returns during the trailing twelve months ended December 31, 2023 despite elevated interest rate volatility over most of the period. The Bloomberg US Aggregate Bond Index returned 5.53% during the period. Higher-yielding sectors generally performed best, benefiting from their coupon advantage and spread tightening. Global sovereign debt yields ended mixed. Yields rose earlier in the period amid multiple rate increases from the Federal Reserve (Fed) and other major central banks across Europe, while Asian central banks pursued more dovish approaches. Yields plunged by the end of the period in response to accommodative central bank policy expectations amid weaker economic data, including moderating inflation.
Despite concerns about tighter lending standards following turmoil in the banking sector earlier in the period, credit sectors produced positive excess returns over duration-equivalent government bonds as spreads narrowed, particularly high yield and emerging markets debt.
Most securitized sectors’ performance rebounded by the end of the period as markets absorbed the Federal Deposit Insurance Corporation (FDIC) asset sales of mortgage-backed securities and sentiment improved. Over the period, U.S. investment-grade corporate spreads compressed by 31 basis points (bps) and U.S. high-yield corporate spreads tightened by 146 bps, according to Bloomberg Index data.
The earlier part of the period witnessed a “higher for longer” policy rates narrative from major central banks. By the end of the year, market participants grew confident that major central banks have concluded their rate hiking cycles.  The Fed maintained its aggressive stance for most of the period but ended the year with a more overall
cautious approach to further rate hikes. The European Central Bank (ECB) and the Bank of England (BOE) delivered several consecutive rate increases but pivoted more dovish by the end of the period, though both attempted to downplay the extent of expected rate cuts. The Bank of Japan (BOJ) was the notable exception in terms of staying the course in retaining an accommodative policy, despite rising core inflation, though it widened its yield curve control (YCC) range.
Global economic data remained resilient over much of the period, though it increasingly diverged across regions while inflation decelerated but at levels well above central bank targets and wages remained elevated. The United Kingdom dealt with the highest inflation among developed markets for most of the period. U.S. labor market strength persisted, and consumer spread remained robust. Tighter financing conditions and weaker demand weighed down global industrial production and manufacturing activity, particularly in the Eurozone, Japan, and China. Germany entered a technical recession with a second consecutive negative Gross Domestic Product (GDP) print in the first quarter. The People’s Bank of China (PBOC) reduced the required reserve ratio to loosen interbank funding conditions following a tepid COVID-19 recovery. China’s economy regained momentum by the end of the period, but weakness persisted in the Real Estate sector.
The U.S. dollar ended mixed versus most currencies over the period after the Fed adopted a more dovish tone later in the year, and central banks increasingly charted different policy courses. European currencies generally ended higher versus the greenback. Particularly, the Swiss franc was a notable outperformer. The Japanese yen depreciated versus the U.S. dollar as the BOJ remained the outlier among major G10 central banks in maintaining its ultra-loose monetary policy. Emerging market currencies broadly gained versus the greenback.
The Fund’s corporate credit positioning and allocation to securitized sectors, particularly non-agency residential mortgage-backed securities (RMBS) were the largest contributors to relative outperformance. Exposure to high yield, particularly an allocation to Industrials, contributed positively as spreads tightened. The Fund’s security selection within investment grade credit, particularly Financials, had a positive impact on relative returns. Within securitized sectors, an allocation to RMBS benefited results as housing data improved despite affordability challenges. Agency Mortgage-Backed
 

34


Hartford Total Return Bond HLS Fund
 Fund Overview – (continued)
 December 31, 2023 (Unaudited) 

Securities (MBS) pass-throughs had a positive impact on relative performance benefiting from reduced interest rate volatility and tighter spreads over the later part of period. The Fund’s overweight to commercial backed mortgage-backed securities (CMBS) modestly aided performance. Allocations to collateralized loan obligations (collateralized loan obligations (CLOs) and an overweight to Asset Backed Securities (ABS), also had a positive impact on relative returns.
During the period, the Fund implemented tactical duration and yield curve positions which had a positive overall impact on relative performance, in the aggregate. The Fund maintained exposure to Treasury Inflation-Protected Securities (TIPS) which benefited relative performance during the period.
Select exposure to emerging markets debt detracted slightly from performance over the period. An allocation to developed non-U.S. Dollar sovereign issuers benefited results.
During the period, the Fund used Treasury futures, interest rate swaps, and options to manage duration and yield curve positioning. Treasury derivatives overall had a negative impact on performance. The Fund also used currency forwards and futures to implement non-U.S. rate and currency positions during the period. The Fund’s currency positions, in aggregate had a negative impact on results. Credit default swap index (CDX) positions were used to manage credit exposure during the period. High yield and investment-grade CDX positions had a positive impact on performance during the period, while emerging markets CDX positions detracted modestly from overall relative results.
What is the outlook as of the end of the period?
We believe the “rolling recession” in the U.S. will continue, with slower consumer and government spending while manufacturing and housing find a bottom. With inflation falling, we believe the path of real policy rates will depend on the pace of Fed easing; we believe a large gap exists between Fed forward guidance and market implied cuts. As of the end of the period, the Fund is positioned with a slightly long duration and a close to neutral risk profile, while preserving high-quality, liquid instruments to seek to take advantage of future dislocations.  We believe corporate fundamentals are expected to deteriorate at the margin, albeit from a strong starting point, with margins under pressure as recent strength in pricing power subsides. Spreads appear tight, but elevated yields may continue to bolster demand for fixed income in our view.
As of the end of the period, we maintain an underweight to investment grade credit in the Fund due to better observed opportunities in various out-of-benchmark sectors, including high-quality securitized credit (residential housing benefits from low supply), BB high yield (more insulated from default risk than CCCs), and select emerging markets (where we see compelling valuations and improving fundamentals). As of the end of the period, we are overweight agency MBS in the Fund (focus on relative value opportunities and enhancing cash flow stability). While fixed income markets rallied sharply to close out 2023, we believe there is scope for yields to remain supported by
expected weaker growth and as central banks pivot to more accommodative monetary policies and we maintain an above average duration profile in the Fund as of the end of the period.
With continued uncertainty around growth, inflation, and the Fed’s reaction function, we are seeking to be cautious but nimble and seeking to take advantage of numerous perceived market inefficiencies. We believe bouts of volatility may generate greater idiosyncratic dispersion and may create better entry points to add credit exposure. We are closely monitoring several risks to our outlook which could lead us to adjust the portfolio’s exposures.
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 higher portfolio turnover and related expenses as well as 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, regulatory 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, economic and regulatory 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. Changes related to LIBOR could have an adverse impact on financial instruments that reference this rate. The Fund may have high portfolio turnover, which could increase its transaction costs.

35


Hartford Total Return Bond HLS Fund
 Fund Overview – (continued)
 December 31, 2023 (Unaudited) 

Composition by Security Type(1)
as of 12/31/2023
Category Percentage of
Net Assets
Equity Securities  
Common Stocks 0.0% *
Preferred Stocks 0.1
Total 0.1%
Fixed Income Securities  
Asset & Commercial Mortgage-Backed Securities 20.6%
Corporate Bonds 30.9
Foreign Government Obligations 3.0
Municipal Bonds 1.4
Senior Floating Rate Interests 0.0 *
U.S. Government Agencies(2) 46.2
U.S. Government Securities 14.0
Total 116.1%
Short-Term Investments 0.3
Other Assets & Liabilities (16.5)
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 December 31, 2023.

36


Hartford Ultrashort Bond HLS Fund
 Fund Overview
 December 31, 2023 (Unaudited) 

Inception 06/30/1980
Sub-advised by Wellington Management Company LLP
Investment objective – The Fund seeks total return and income consistent with preserving capital and maintaining liquidity.
Comparison of Change in Value of $10,000 Investment (12/31/2013 - 12/31/2023)
The chart above represents the hypothetical growth of a $10,000 investment in Class IA shares. Returns for Class IB shares differ only to the extent that Class IA shares and Class IB shares do not have the same expenses.
Average Annual Total Returns
for the Periods Ended 12/31/2023
  1 Year 5 Years 10 Years
Class IA 5.18% 1.80% 1.27%
Class IB 4.99% 1.55% 1.02%
Bloomberg Short Treasury 9-12 Month Index 5.01% 1.82% 1.28%
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, sales charges or other fees which may be applied at the variable contract level or by a qualified pension or retirement plan. Any such additional sales charges or other fees or expenses would lower the contract’s or plan’s performance. 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 applicable class' net asset value available to shareholders for sale or redemption of Fund shares on 12/31/2023, 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 total returns presented in the Financial Highlights section of the report are calculated in the same manner, but also take into account certain adjustments that are necessary under generally accepted accounting principles. As a result, the total returns in the Financial Highlights section may differ from the total returns presented above.
You cannot invest directly in an index.
See "Benchmark Glossary" for benchmark descriptions.
As shown in the Fund’s current prospectus, the total annual fund operating expense ratios for Class IA shares and Class IB shares were 0.43% and 0.68%, respectively. Gross and net expenses are the same. Actual expenses may be higher or lower. Please see the accompanying Financial Highlights for expense ratios for the period ended 12/31/2023.
Class IA shares and Class IB shares of the Fund are closed to certain qualified pension and retirement plans. For more information, please see the Fund’s statutory prospectus.
 

37


Hartford Ultrashort Bond HLS Fund
 Fund Overview – (continued)
 December 31, 2023 (Unaudited) 

Portfolio Managers
Timothy E. Smith*
Senior Managing Director and Fixed Income Portfolio Manager
Wellington Management Company LLP
Marc K. Piccuirro, CFA
Senior Managing Director and Fixed Income Portfolio Manager
Wellington Management Company LLP
* Timothy E. Smith, CFA announced his plan to retire and withdraw from the partnership of Wellington Management Company LLP’s parent company, and effective June 30, 2024, he will no longer serve as a portfolio manager for the Fund. Mr. Smith’s portfolio management responsibilities will transition to Marc K. Piccuirro, CFA in the months leading up to his departure.


Manager Discussion
How did the Fund perform during the period?
The Class IA shares of Hartford Ultrashort Bond HLS Fund returned 5.18% for the twelve-month period ended December 31, 2023, outperforming the Fund’s benchmark, the Bloomberg Short Treasury 9-12 Month Index, which returned 5.01% for the same period. For the same period, the Class IA shares of the Fund underperformed the 5.78% average return of the Lipper Short Investment Grade Debt Funds peer group, a group of funds that invest primarily in investment grade issues with dollar-weighted average maturities of one to five years.
Why did the Fund perform this way?
Global fixed income sectors generated positive total returns during the trailing twelve months ended December 31, 2023, despite elevated interest rate volatility over most of the period. The Bloomberg US Aggregate Bond Index returned 5.53% during the period. Higher-yielding sectors generally performed best, benefiting from their coupon advantage and spread tightening. Global sovereign debt yields ended mixed. Yields rose earlier in the period amid multiple rate increases from the Federal Reserve (Fed) and other major central banks across Europe, while Asian central banks pursued more dovish approaches. Yields plunged by the end of the period in response to accommodative central bank policy expectations amid weaker economic data, including moderating inflation.
Despite concerns about tighter lending standards following turmoil in the banking sector earlier in the period, credit sectors produced positive excess returns over duration-equivalent government bonds as spreads narrowed, particularly high yield and emerging markets debt.  Most securitized sectors’ performance rebounded by the end of the period as markets absorbed the Federal Deposit Insurance Corporation (FDIC) asset sales of mortgage-backed securities and sentiment improved. Over the period, U.S. investment-grade corporate spreads compressed by 31 basis points (bps) and U.S. high-yield corporate spreads tightened by 146 (bps), according to Bloomberg Index data.
The earlier part of the period witnessed a “higher for longer” policy rates narrative from major central banks. By the end of the year, market participants grew confident that major central banks have
concluded their rate hiking cycles.  The Fed maintained its aggressive stance for most of the period but ended the year with a more overall cautious approach to further rate hikes.
The Fund’s out-of-benchmark allocation to investment grade corporate bonds, particularly financial institutions, was the primary contributor to the Fund’s relative outperformance during the period. An out-of-benchmark allocation to asset-backed securities (ABS) also had positive impact on relative returns, as the sector broadly outperformed duration-equivalent Treasuries over the period. However, this relative outperformance was slightly offset by the Fund's duration and yield curve positioning, which detracted from relative returns given heightened rate volatility in the trailing twelve-months ended December 31, 2023.
During the period, derivatives were not used in a significant manner in the Fund and did not have a material impact on performance.
What is the outlook as of the end of the period?
As of the end of the period, the Fund was positioned with a neutral risk posture. We believe all-in front-end yields remain attractive despite the sharp rally in rates to close out 2023.  We continue to add risk selectively but remain attentive to potential challenges from macroeconomic uncertainty. We believe the U.S. economy has shown impressive resilience in the wake of the tighter policy backdrop which is supportive of a “soft-landing” narrative.
Spreads are generally trading tight to historical medians and are not pricing in any potential for a significant slowdown in growth and credit conditions over the next 6-12 months, in our view. Periods of spread weakness may present buying opportunities. We expect the Fed to start easing in 2024, although our expectation of the exact timing and number of cuts remains dependent on economic data and can change with any surprises to inflation or labor – two metrics which drive the Fed’s data-dependent decision-making process.
Our outlook for credit fundamentals is that we are past peak fundamentals and expect greater credit dispersion but starting from a position of strength. Aggregate investment grade credit metrics still look healthy, with stable leverage and margins while interest coverage has declined, in our view. From a more forward-looking perspective, we believe earnings growth will likely decelerate in 2024. We believe short-end valuations are cheaper than longer tenors, and Financials/Utilities spreads are attractive relative to the Industrials
 

38


Hartford Ultrashort Bond HLS Fund
 Fund Overview – (continued)
 December 31, 2023 (Unaudited) 

sector, where spreads are offering less value in our view. Attractive prospective total returns on corporate bonds relative to other asset classes could bring in yield and total return buyers over time, in our view. We are positive on the agency-Mortgage-Backed Securities (MBS) sector given appealing valuations relative to history. Technical backdrop remains weak as marginal buyers are more spread sensitive. As of the end of the period, we are constructive on the securitized sectors, particularly ABS and Non-Agency Residential Mortgage-Backed Securities (NA RMBS). As of the end of the period, we are negative on the Commercial Mortgage-Backed Securities (CMBS) outlook based on what we consider to be the stiff challenges facing commercial real estate due to tighter financial conditions from substantially higher borrowing costs and regional bank stress.
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. • The risks associated with mortgage-related and asset-backed securities include credit, interest-rate, prepayment, liquidity, default and extension risk. • 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. • Repurchase agreements may increase the Fund's risk and volatility.
Composition by Security Type(1)
as of 12/31/2023
Category Percentage of
Net Assets
Fixed Income Securities  
Asset & Commercial Mortgage-Backed Securities 37.2%
Corporate Bonds 33.7
U.S. Government Agencies(2) 6.9
U.S. Government Securities 15.7
Total 93.5%
Short-Term Investments 5.8
Other Assets & Liabilities 0.7
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 December 31, 2023.
  

39


Hartford HLS Funds
Benchmark Glossary (Unaudited)

Bloomberg US Government/Credit Bond Index (reflects no deduction for fees, expenses or taxes) measures the non-securitized component of the US Aggregate Index. It includes investment grade, US dollar-denominated, fixed-rate Treasuries, government-related and corporate securities.
Bloomberg Short Treasury 9-12 Month Index (reflects no deduction for fees, expenses or taxes) includes aged US Treasury bills, notes and bonds with a remaining maturity from 1 up to (but not including) 12 months. It excludes zero coupon strips.
Bloomberg US Aggregate Bond Index (reflects no deduction for fees, expenses or taxes) is composed of securities that cover the US investment grade fixed rate bond market, with index components for government and corporate securities, mortgage pass-through securities, and asset-backed securities.
ICE BofA US 3-Month Treasury Bill Index (reflects no deduction for fees, expenses or taxes) is comprised of a single issue purchased at the beginning of the month and held for a full month. At the end of the month that issue is sold and rolled into a newly selected issue. The issue selected at each month-end rebalancing is the outstanding Treasury Bill that matures closest to, but not beyond, three months from the rebalancing date. To qualify for selection, an issue must have settled on or before the month-end rebalancing date.
MSCI 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 securities across developed markets (excluding the US) and emerging market countries.
Russell 1000 Index (reflects no deduction for fees, expenses or taxes) is designed to measure the performance of the 1,000 largest companies in the Russell 3000 Index. The Russell 3000 Index is designed to measure the performance of the 3,000 largest US companies based on total market capitalizations.
Russell 3000 Index (reflects no deduction for fees, expenses or taxes) is designed to measure the performance of the 3,000 largest US companies based on total market capitalization.
Russell 2000 Growth Index (reflects no deduction for fees, expenses or taxes) is designed to measure the performance of those Russell 2000 Index 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 US-domiciled company common stocks based on a combination of 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. 
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.
S&P 500 Index (reflects no deduction for fees, expenses or taxes) is a float-adjusted market capitalization-weighted index composed of 500 widely held common stocks.
Additional Information Regarding Bloomberg Index(es). “Bloomberg®” and the above referenced Bloomberg index(es) are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited (“BISL”), the administrator of the index (collectively, “Bloomberg”), and have been licensed for use for certain purposes by Hartford Funds Management Company, LLC ("HFMC"). The Funds are not sponsored, endorsed, sold or promoted by Bloomberg. Bloomberg does not make any representation or warranty, express or implied, to the owners of or counterparties to the Funds or any member of the public regarding the advisability of investing in securities generally or in the Funds particularly. The only relationship of Bloomberg to HFMC is the licensing of certain trademarks, trade names and service marks and of the above referenced Bloomberg index(es), which is determined, composed and calculated by BISL without regard to HFMC or the Funds. Bloomberg has no obligation to take the needs of HFMC or the owners of the Funds into consideration in determining, composing or calculating the above referenced Bloomberg index(es). Bloomberg is not responsible for and has not participated in the determination of the timing of, prices at, or quantities of the Funds to be issued. Bloomberg shall not have any obligation or liability, including, without limitation, to the Funds' customers, in connection with the administration, marketing or trading of the Funds.
BLOOMBERG DOES NOT GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF THE ABOVE REFERENCED BLOOMBERG INDEX(ES) OR ANY DATA RELATED THERETO AND SHALL HAVE NO LIABILITY FOR ANY ERRORS, OMISSIONS OR INTERRUPTIONS THEREIN. BLOOMBERG DOES NOT MAKE ANY WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY HFMC, OWNERS OF THE FUNDS OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE ABOVE REFERENCED BLOOMBERG INDEX(ES) OR ANY DATA RELATED THERETO. BLOOMBERG DOES NOT MAKE ANY EXPRESS OR IMPLIED WARRANTIES AND EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE ABOVE REFERENCED BLOOMBERG INDEX(ES) OR ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, TO THE MAXIMUM EXTENT ALLOWED BY LAW, BLOOMBERG, ITS LICENSORS, AND ITS AND THEIR RESPECTIVE EMPLOYEES, CONTRACTORS, AGENTS, SUPPLIERS, AND VENDORS SHALL HAVE NO LIABILITY OR RESPONSIBILITY WHATSOEVER FOR ANY INJURY OR
 

40


Hartford HLS Funds
Benchmark Glossary (Unaudited) – (continued)

DAMAGES --WHETHER DIRECT, INDIRECT, CONSEQUENTIAL, INCIDENTAL, PUNITIVE OR OTHERWISE --ARISING IN CONNECTION WITH THE ABOVE REFERENCED BLOOMBERG INDEX(ES) OR ANY DATA OR VALUES RELATING THERETO --WHETHER ARISING FROM THEIR NEGLIGENCE OR OTHERWISE, EVEN IF NOTIFIED OF THE POSSIBILITY THEREOF.
Additional Information Regarding MSCI Indices. 
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. 

41


Hartford HLS Funds
Expense Examples (Unaudited)

Your Fund's Expenses
As a shareholder of a Fund, you incur two types of costs: (1) transaction costs 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 July 1, 2023 through December 31, 2023. 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 (loads) or fees which may be applied at the variable life insurance, variable annuity, or qualified retirement plan product level. 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 184/365 (to reflect the one-half year period).
  Actual Return   Hypothetical (5% return before expenses)
  Beginning
Account Value
July 1, 2023
  Ending
Account Value
December 31, 2023
  Expenses paid
during the period
July 1, 2023
through
December 31, 2023
  Beginning
Account Value
July 1, 2023
  Ending
Account Value
December 31, 2023
  Expenses paid
during the period
July 1, 2023
through
December 31, 2023
  Annualized
expense
ratio
Hartford Balanced HLS Fund
Class IA $ 1,000.00   $ 1,070.00   $ 3.29   $ 1,000.00   $ 1,022.03   $ 3.21   0.63%
Class IB $ 1,000.00   $ 1,068.30   $ 4.59   $ 1,000.00   $ 1,020.77   $ 4.48   0.88%
Hartford Capital Appreciation HLS Fund
Class IA $ 1,000.00   $ 1,069.80   $ 3.50   $ 1,000.00   $ 1,021.83   $ 3.41   0.67%
Class IB $ 1,000.00   $ 1,068.60   $ 4.80   $ 1,000.00   $ 1,020.57   $ 4.69   0.92%
Class IC $ 1,000.00   $ 1,067.00   $ 6.10   $ 1,000.00   $ 1,019.31   $ 5.96   1.17%
Hartford Disciplined Equity HLS Fund
Class IA $ 1,000.00   $ 1,076.10   $ 3.09   $ 1,000.00   $ 1,022.23   $ 3.01   0.59%
Class IB $ 1,000.00   $ 1,074.90   $ 4.39   $ 1,000.00   $ 1,020.97   $ 4.28   0.84%
Class IC $ 1,000.00   $ 1,073.90   $ 5.70   $ 1,000.00   $ 1,019.71   $ 5.55   1.09%
Hartford Dividend and Growth HLS Fund
Class IA $ 1,000.00   $ 1,073.10   $ 3.45   $ 1,000.00   $ 1,021.88   $ 3.36   0.66%
Class IB $ 1,000.00   $ 1,071.80   $ 4.75   $ 1,000.00   $ 1,020.62   $ 4.63   0.91%
Hartford Healthcare HLS Fund
Class IA $ 1,000.00   $ 1,021.30   $ 4.74   $ 1,000.00   $ 1,020.52   $ 4.74   0.93%
Class IB $ 1,000.00   $ 1,019.30   $ 6.01   $ 1,000.00   $ 1,019.26   $ 6.01   1.18%
Hartford International Opportunities HLS Fund
Class IA $ 1,000.00   $ 1,032.80   $ 3.89   $ 1,000.00   $ 1,021.37   $ 3.87   0.76%
Class IB $ 1,000.00   $ 1,031.90   $ 5.17   $ 1,000.00   $ 1,020.11   $ 5.14   1.01%
Hartford MidCap HLS Fund
Class IA $ 1,000.00   $ 1,055.80   $ 3.78   $ 1,000.00   $ 1,021.53   $ 3.72   0.73%
Class IB $ 1,000.00   $ 1,054.50   $ 5.07   $ 1,000.00   $ 1,020.27   $ 4.99   0.98%

42


Hartford HLS Funds
Expense Examples (Unaudited) – (continued)

  Actual Return   Hypothetical (5% return before expenses)
  Beginning
Account Value
July 1, 2023
  Ending
Account Value
December 31, 2023
  Expenses paid
during the period
July 1, 2023
through
December 31, 2023
  Beginning
Account Value
July 1, 2023
  Ending
Account Value
December 31, 2023
  Expenses paid
during the period
July 1, 2023
through
December 31, 2023
  Annualized
expense
ratio
Hartford Small Cap Growth HLS Fund
Class IA $ 1,000.00   $ 1,047.70   $ 3.36   $ 1,000.00   $ 1,021.88   $ 3.31   0.65%
Class IB $ 1,000.00   $ 1,046.10   $ 4.69   $ 1,000.00   $ 1,020.62   $ 4.63   0.91%
Hartford Small Company HLS Fund
Class IA $ 1,000.00   $ 1,058.90   $ 4.15   $ 1,000.00   $ 1,021.17   $ 4.08   0.80%
Class IB $ 1,000.00   $ 1,058.20   $ 5.45   $ 1,000.00   $ 1,019.91   $ 5.35   1.05%
Hartford Stock HLS Fund
Class IA $ 1,000.00   $ 1,041.30   $ 2.62   $ 1,000.00   $ 1,022.63   $ 2.60   0.51%
Class IB $ 1,000.00   $ 1,040.10   $ 3.91   $ 1,000.00   $ 1,021.37   $ 3.87   0.76%
Hartford Total Return Bond HLS Fund
Class IA $ 1,000.00   $ 1,041.60   $ 2.57   $ 1,000.00   $ 1,022.68   $ 2.55   0.50%
Class IB $ 1,000.00   $ 1,039.80   $ 3.86   $ 1,000.00   $ 1,021.42   $ 3.82   0.75%
Hartford Ultrashort Bond HLS Fund
Class IA $ 1,000.00   $ 1,032.10   $ 2.25   $ 1,000.00   $ 1,022.99   $ 2.24   0.44%
Class IB $ 1,000.00   $ 1,030.20   $ 3.53   $ 1,000.00   $ 1,021.73   $ 3.52   0.69%

43


Hartford Balanced HLS Fund
Schedule of Investments
December 31, 2023  

Shares or Principal Amount   Market Value†
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 1.4%
  Asset-Backed - Automobile - 0.3%
$      889,484 CFMT LLC 1.39%, 09/22/2031(1) $       862,467
  1,845,000 Enterprise Fleet Financing LLC 6.40%, 03/20/2030(1)      1,886,166
            Ford Credit Auto Owner Trust  
    275,000 1.61%, 10/17/2033(1)        252,485
    260,000 1.91%, 10/17/2033(1)        238,563
    555,357 SFS Auto Receivables Securitization Trust 5.89%, 03/22/2027(1)        556,475
1,260,000 Wheels Fleet Lease Funding 1 LLC 6.46%, 08/18/2038(1) 1,275,365
      5,071,521
  Asset-Backed - Student Loan - 0.1%
1,490,414 Navient Private Education Refi Loan Trust 5.51%, 10/15/2071(1) 1,490,125
  Commercial Mortgage-Backed Securities - 0.1%
1,460,000 BX Trust 6.77%, 10/15/2036, 1 mo. USD Term SOFR + 1.41%(1)(2) 1,412,346
289,976 Life Mortgage Trust 6.18%, 03/15/2038, 1 mo. USD Term SOFR + 0.81%(1)(2) 284,317
375,000 SFAVE Commercial Mortgage Securities Trust 4.14%, 01/05/2043(1)(3) 280,552
      1,977,215
  Other Asset-Backed Securities - 0.8%
81,766 Aaset Trust 3.84%, 05/15/2039(1) 61,820
62,490 Affirm Asset Securitization Trust 1.07%, 08/15/2025(1) 61,782
  Castlelake Aircraft Structured Trust  
134,960 3.47%, 01/15/2046(1) 123,876
353,476 3.97%, 04/15/2039(1) 307,988
  CF Hippolyta Issuer LLC  
772,807 1.53%, 03/15/2061(1) 692,444
410,193 1.69%, 07/15/2060(1) 379,125
160,216 1.98%, 03/15/2061(1) 136,221
195,426 5.97%, 08/15/2062(1) 192,285
1,323,079 Home Partners of America Trust 2.30%, 12/17/2026(1) 1,190,915
171,994 Horizon Aircraft Finance II Ltd. 3.72%, 07/15/2039(1) 151,695
260,558 Horizon Aircraft Finance III Ltd. 3.43%, 11/15/2039(1) 204,536
1,155,000 Kubota Credit Owner Trust 5.28%, 01/18/2028(1) 1,168,344
141,341 MACH 1 Cayman Ltd. 3.47%, 10/15/2039(1) 122,092
85,514 MAPS Ltd. 4.46%, 03/15/2044(1) 76,571
  New Economy Assets Phase 1 Sponsor LLC  
1,530,000 1.91%, 10/20/2061(1) 1,339,453
480,000 2.41%, 10/20/2061(1) 389,879
2,794,000 Retained Vantage Data Centers Issuer LLC 5.00%, 09/15/2048(1) 2,623,871
484,791 SCF Equipment Leasing LLC 0.83%, 08/21/2028(1) 477,711
2,550,000 Stack Infrastructure Issuer LLC 5.90%, 07/25/2048(1) 2,534,983
133,966 Start II Ltd. 4.09%, 03/15/2044(1) 121,643
      12,357,234
  Whole Loan Collateral CMO - 0.1%
53,668 Angel Oak Mortgage Trust 2.62%, 11/25/2059(1)(3) 51,771
  Federal National Mortgage Association Connecticut Avenue Securities  
280,000 6.89%, 10/25/2041, 30 day USD SOFR Average + 1.55%(1)(2) 279,820
Shares or Principal Amount   Market Value†
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 1.4% - (continued)
  Whole Loan Collateral CMO - 0.1% - (continued)
$      119,365 11.35%, 10/25/2028, 30 day USD SOFR Average + 6.01%(2) $       127,198
            Flagstar Mortgage Trust  
    588,198 2.00%, 09/25/2041(1)(3)        492,825
    278,901 4.00%, 05/25/2048(1)(3)        257,237
    206,931 MetLife Securitization Trust 3.00%, 04/25/2055(1)(3)        193,688
     83,540 Mill City Mortgage Loan Trust 2.75%, 01/25/2061(1)(3)         81,814
406,152 Seasoned Credit Risk Transfer Trust 3.50%, 10/25/2058 383,900
  Towd Point Mortgage Trust  
169,870 2.75%, 06/25/2057(1)(3) 162,822
65,123 3.00%, 01/25/2058(1)(3) 63,233
      2,094,308
  Total Asset & Commercial Mortgage-Backed Securities
(cost $23,648,353)
$  22,990,403
CORPORATE BONDS - 12.4%
  Aerospace/Defense - 0.3%
  HEICO Corp.  
2,328,000 5.25%, 08/01/2028 $  2,378,968
2,325,000 5.35%, 08/01/2033 2,388,039
560,000 Lockheed Martin Corp. 4.85%, 09/15/2041 539,804
      5,306,811
  Airlines - 0.0%
91,359 United Airlines Pass-Through Trust 4.60%, 09/01/2027 86,769
  Auto Manufacturers - 0.0%
270,000 Daimler Truck Finance North America LLC 5.15%, 01/16/2026(1) 270,829
  Beverages - 0.1%
990,000 Anheuser-Busch InBev Worldwide, Inc. 4.38%, 04/15/2038 941,370
  Biotechnology - 0.0%
385,000 Gilead Sciences, Inc. 5.55%, 10/15/2053 418,450
  Commercial Banks - 3.3%
  Bank of America Corp.  
1,570,000 1.73%, 07/22/2027, (1.73% fixed rate until 07/22/2026; 6 mo. USD SOFR + 0.96% thereafter)(4) 1,438,972
1,215,000 2.30%, 07/21/2032, (2.30% fixed rate until 07/21/2031; 6 mo. USD SOFR + 1.22% thereafter)(4) 993,368
1,799,000 3.42%, 12/20/2028, (3.42% fixed rate until 12/20/2027; 3 mo. USD Term SOFR + 1.30% thereafter)(4) 1,693,844
1,610,000 3.59%, 07/21/2028, (3.59% fixed rate until 07/21/2027; 3 mo. USD Term SOFR + 1.63% thereafter)(4) 1,528,199
2,239,000 5.82%, 09/15/2029, (5.82% fixed rate until 09/15/2028; 6 mo. USD SOFR + 1.57% thereafter)(4) 2,312,730
574,000 5.87%, 09/15/2034, (5.87% fixed rate until 09/15/2033; 6 mo. USD SOFR + 1.84% thereafter)(4) 602,362
 
The accompanying notes are an integral part of these financial statements.

44


Hartford Balanced HLS Fund
Schedule of Investments – (continued)
December 31, 2023  

Shares or Principal Amount   Market Value†
CORPORATE BONDS - 12.4% - (continued)
  Commercial Banks - 3.3% - (continued)
$    2,494,000 Bank of New York Mellon Corp. 4.97%, 04/26/2034, (4.97% fixed rate until 04/26/2033; 6 mo. USD SOFR + 1.61% thereafter)(4) $     2,487,213
            BNP Paribas SA  
    830,000 2.82%, 11/19/2025, (2.82% fixed rate until 11/19/2024; 3 mo. USD Term SOFR + 1.37% thereafter)(1)(4)        808,840
  1,640,000 5.89%, 12/05/2034, (5.89% fixed rate until 12/05/2033; 6 mo. USD SOFR + 1.87% thereafter)(1)(4)      1,716,470
  2,445,000 BPCE SA 6.71%, 10/19/2029, (6.71% fixed rate until 10/19/2028; 6 mo. USD SOFR + 2.27% thereafter)(1)(4)      2,576,716
  2,505,000 Commonwealth Bank of Australia 5.07%, 09/14/2028(1)      2,563,604
2,733,000 Credit Agricole SA 6.32%, 10/03/2029, (6.32% fixed rate until 10/03/2028; 6 mo. USD SOFR + 1.86% thereafter)(1)(4) 2,866,772
2,737,000 Credit Suisse AG 7.50%, 02/15/2028 3,000,254
  Danske Bank AS  
1,865,000 1.62%, 09/11/2026, (1.62% fixed rate until 09/11/2025; 1 yr. USD CMT + 1.35% thereafter)(1)(4) 1,740,614
1,555,000 6.26%, 09/22/2026, (6.26% fixed rate until 09/22/2025; 1 yr. USD CMT + 1.18% thereafter)(1)(4) 1,582,038
1,960,000 Deutsche Bank AG 6.82%, 11/20/2029, (6.82% fixed rate until 11/20/2028; 6 mo. USD SOFR + 2.51% thereafter)(4) 2,065,550
1,150,000 Goldman Sachs Group, Inc. 6.25%, 02/01/2041 1,284,570
  JP Morgan Chase & Co.  
620,000 2.52%, 04/22/2031, (2.52% fixed rate until 04/22/2030; 6 mo. USD SOFR + 2.04% thereafter)(4) 536,991
390,000 3.11%, 04/22/2041, (3.11% fixed rate until 04/22/2040; 3 mo. USD Term SOFR + 2.46% thereafter)(4) 301,210
705,000 3.70%, 05/06/2030, (3.70% fixed rate until 05/06/2029; 3 mo. USD Term SOFR + 1.42% thereafter)(4) 663,455
805,000 4.45%, 12/05/2029, (4.45% fixed rate until 12/05/2028; 3 mo. USD Term SOFR + 1.59% thereafter)(4) 789,157
  M&T Bank Corp.  
940,000 4.55%, 08/16/2028, (4.55% fixed rate until 08/16/2027; 6 mo. USD SOFR + 1.78% thereafter)(4) 904,356
2,195,000 7.41%, 10/30/2029, (7.41% fixed rate until 10/30/2028; 6 mo. USD SOFR + 2.80% thereafter)(4) 2,363,345
1,040,000 Manufacturers & Traders Trust Co. 4.70%, 01/27/2028 1,011,252
  Morgan Stanley  
1,450,000 3.13%, 07/27/2026 1,388,890
1,000,000 3.70%, 10/23/2024 987,015
1,372,000 5.95%, 01/19/2038, (5.95% fixed rate until 01/19/2033; 5 yr. USD CMT + 2.43% thereafter)(4) 1,390,128
  Standard Chartered PLC  
1,130,000 0.99%, 01/12/2025, (0.99% fixed rate until 01/12/2024; 1 yr. USD CMT + 0.78% thereafter)(1)(4) 1,128,350
Shares or Principal Amount   Market Value†
CORPORATE BONDS - 12.4% - (continued)
  Commercial Banks - 3.3% - (continued)
$    3,215,000 1.21%, 03/23/2025, (1.21% fixed rate until 03/23/2024; 1 yr. USD CMT + 0.88% thereafter)(1)(4) $     3,177,384
  1,545,000 UBS AG 5.65%, 09/11/2028      1,603,649
            UBS Group AG  
  1,695,000 1.49%, 08/10/2027, (1.49% fixed rate until 08/10/2026; 1 yr. USD CMT + 0.85% thereafter)(1)(4)      1,532,172
    320,000 6.30%, 09/22/2034, (6.30% fixed rate until 09/22/2033; 1 yr. USD CMT + 2.00% thereafter)(1)(4)        339,647
            Wells Fargo & Co.  
  4,344,000 4.48%, 01/16/2024      4,341,589
  1,750,000 4.61%, 04/25/2053, (4.61% fixed rate until 04/25/2052; 6 mo. USD SOFR + 2.13% thereafter)(4)      1,581,933
1,665,000 6.30%, 10/23/2029, (6.30% fixed rate until 10/23/2028; 6 mo. USD SOFR + 1.79% thereafter)(4) 1,756,375
      57,059,014
  Commercial Services - 0.3%
  Ashtead Capital, Inc.  
2,285,000 2.45%, 08/12/2031(1) 1,863,502
600,000 5.50%, 08/11/2032(1) 593,772
380,000 5.55%, 05/30/2033(1) 376,828
475,000 5.95%, 10/15/2033(1) 484,846
691,000 ERAC USA Finance LLC 5.40%, 05/01/2053(1) 728,341
570,000 UL Solutions, Inc. 6.50%, 10/20/2028(1) 599,878
      4,647,167
  Construction Materials - 0.0%
  Carrier Global Corp.  
205,000 5.90%, 03/15/2034(1) 222,253
140,000 6.20%, 03/15/2054(1) 162,630
      384,883
  Diversified Financial Services - 0.7%
  American Express Co.  
3,843,000 5.04%, 05/01/2034, (5.04% fixed rate until 05/01/2033; 6 mo. USD SOFR + 1.84% thereafter)(4) 3,844,250
195,000 6.49%, 10/30/2031, (6.49% fixed rate until 10/30/2030; 6 mo. USD SOFR + 1.94% thereafter)(4) 211,769
1,715,000 Aviation Capital Group LLC 1.95%, 09/20/2026(1) 1,551,683
2,615,000 Blackstone Holdings Finance Co. LLC 2.55%, 03/30/2032(1) 2,136,646
  Capital One Financial Corp.  
580,000 6.31%, 06/08/2029, (6.31% fixed rate until 06/08/2028; 6 mo. USD SOFR + 2.64% thereafter)(4) 595,823
535,000 7.15%, 10/29/2027, (7.15% fixed rate until 10/29/2026; 6 mo. USD SOFR + 2.44% thereafter)(4) 555,651
  Intercontinental Exchange, Inc.  
2,185,000 4.00%, 09/15/2027 2,143,797
816,000 4.35%, 06/15/2029 811,760
  Nasdaq, Inc.  
175,000 5.95%, 08/15/2053 188,729
165,000 6.10%, 06/28/2063 178,941
      12,219,049
 
The accompanying notes are an integral part of these financial statements.

45


Hartford Balanced HLS Fund
Schedule of Investments – (continued)
December 31, 2023  

Shares or Principal Amount   Market Value†
CORPORATE BONDS - 12.4% - (continued)
  Electric - 1.4%
$    1,200,000 American Transmission Systems, Inc. 2.65%, 01/15/2032(1) $     1,017,113
            Arizona Public Service Co.  
    182,000 3.35%, 05/15/2050(5)        129,286
     90,000 3.75%, 05/15/2046         68,686
    221,000 4.25%, 03/01/2049        179,323
    940,000 4.35%, 11/15/2045        793,194
1,960,000 Cleveland Electric Illuminating Co. 3.50%, 04/01/2028(1) 1,836,717
360,000 Dominion Energy South Carolina, Inc. 6.63%, 02/01/2032(5) 407,372
  Dominion Energy, Inc.  
55,000 3.38%, 04/01/2030 50,707
2,595,000 4.35%, 01/15/2027, (4.35% fixed rate until 01/15/2027; 5 yr. USD CMT + 3.20% thereafter)(4)(5)(6) 2,302,965
607,000 5.38%, 11/15/2032 624,392
  Georgia Power Co.  
3,073,000 4.70%, 05/15/2032 3,065,322
245,000 4.75%, 09/01/2040 227,777
826,000 5.13%, 05/15/2052 820,587
75,000 Metropolitan Edison Co. 5.20%, 04/01/2028(1) 75,607
625,000 NextEra Energy Capital Holdings, Inc. 5.75%, 09/01/2025 631,141
  Pacific Gas & Electric Co.  
3,949,825 4.50%, 07/01/2040 3,348,572
1,552,900 4.55%, 07/01/2030 1,478,778
789,000 6.75%, 01/15/2053 861,430
  Pennsylvania Electric Co.  
241,000 3.60%, 06/01/2029(1) 223,787
60,000 5.15%, 03/30/2026(1) 59,924
860,000 San Diego Gas & Electric Co. 3.70%, 03/15/2052 668,238
  SCE Recovery Funding LLC  
400,209 0.86%, 11/15/2033 340,971
220,000 1.94%, 05/15/2040 165,612
125,000 2.51%, 11/15/2043 86,248
1,156,000 Sempra 4.13%, 04/01/2052, (4.13% fixed rate until 01/01/2027; 5 yr. USD CMT + 2.87% thereafter)(4) 992,043
1,241,000 Southern California Edison Co. 5.88%, 12/01/2053 1,340,632
1,528,768 Texas Electric Market Stabilization Funding N LLC 4.27%, 08/01/2036(1) 1,478,066
      23,274,490
  Entertainment - 0.2%
3,341,000 Warnermedia Holdings, Inc. 4.05%, 03/15/2029 3,171,265
  Food - 0.0%
480,000 Sigma Alimentos SA de CV 4.13%, 05/02/2026(1) 467,830
  Gas - 0.3%
330,000 Boston Gas Co. 3.15%, 08/01/2027(1) 310,364
2,017,000 CenterPoint Energy Resources Corp. 5.25%, 03/01/2028 2,069,922
1,870,000 KeySpan Gas East Corp. 2.74%, 08/15/2026(1) 1,744,330
790,000 Southern Co. Gas Capital Corp. 5.75%, 09/15/2033 831,542
      4,956,158
  Healthcare - Products - 0.3%
  Alcon Finance Corp.  
4,706,000 3.00%, 09/23/2029(1) 4,287,954
Shares or Principal Amount   Market Value†
CORPORATE BONDS - 12.4% - (continued)
  Healthcare - Products - 0.3% - (continued)
$      200,000 5.38%, 12/06/2032(1) $       206,715
    200,000 5.75%, 12/06/2052(1)       215,902
      4,710,571
  Healthcare - Services - 0.5%
    285,000 Children's Hospital 2.93%, 07/15/2050        188,406
    714,000 Dignity Health 3.81%, 11/01/2024        701,776
  Humana, Inc.  
    820,000 5.50%, 03/15/2053        852,073
963,000 5.88%, 03/01/2033 1,028,309
1,170,000 5.95%, 03/15/2034 1,254,694
2,190,000 Providence St Joseph Health Obligated Group 5.40%, 10/01/2033 2,235,076
175,000 Sutter Health 2.29%, 08/15/2030 150,236
320,000 Toledo Hospital 5.75%, 11/15/2038 318,671
  UnitedHealth Group, Inc.  
355,000 2.00%, 05/15/2030 307,303
645,000 4.20%, 05/15/2032 632,318
95,000 4.75%, 05/15/2052 91,712
      7,760,574
  Insurance - 0.7%
  American International Group, Inc.  
437,000 3.40%, 06/30/2030 402,694
375,000 4.38%, 06/30/2050 336,171
2,815,000 Athene Global Funding 2.50%, 03/24/2028(1) 2,497,862
1,665,000 Athene Holding Ltd. 5.88%, 01/15/2034 1,683,027
  Corebridge Financial, Inc.  
1,404,000 4.35%, 04/05/2042 1,193,697
1,020,000 5.75%, 01/15/2034 1,047,642
135,000 6.05%, 09/15/2033(1) 140,859
275,000 Corebridge Global Funding 5.90%, 09/19/2028(1) 283,579
1,200,000 Equitable Financial Life Global Funding 1.40%, 08/27/2027(1) 1,043,326
2,450,000 MetLife, Inc. 5.38%, 07/15/2033 2,559,252
      11,188,109
  Investment Company Security - 0.0%
1,120,000 JAB Holdings BV 3.75%, 05/28/2051(1) 765,308
  Lodging - 0.1%
2,003,000 Genting New York LLC/GENNY Capital, Inc. 3.30%, 02/15/2026(1) 1,825,570
  Machinery-Diversified - 0.2%
4,040,000 John Deere Capital Corp. 5.15%, 09/08/2033 4,259,481
  Media - 0.2%
2,405,000 Comcast Corp. 3.25%, 11/01/2039 1,956,028
567,000 Discovery Communications LLC 4.00%, 09/15/2055 405,104
  Time Warner Cable LLC  
395,000 6.55%, 05/01/2037 389,999
250,000 7.30%, 07/01/2038 258,386
      3,009,517
  Mining - 0.3%
  Glencore Funding LLC  
345,000 5.70%, 05/08/2033(1) 358,667
3,540,000 6.38%, 10/06/2030(1) 3,805,184
757,000 6.50%, 10/06/2033(1) 827,133
      4,990,984
  Oil & Gas - 0.5%
  Equinor ASA  
85,000 2.88%, 04/06/2025 82,929
 
The accompanying notes are an integral part of these financial statements.

46


Hartford Balanced HLS Fund
Schedule of Investments – (continued)
December 31, 2023  

Shares or Principal Amount   Market Value†
CORPORATE BONDS - 12.4% - (continued)
  Oil & Gas - 0.5% - (continued)
$    2,470,000 3.00%, 04/06/2027 $     2,363,630
            Occidental Petroleum Corp.  
    969,000 6.13%, 01/01/2031      1,006,003
  1,928,000 6.20%, 03/15/2040      1,990,660
    762,000 6.45%, 09/15/2036        808,261
            QatarEnergy  
    935,000 2.25%, 07/12/2031(1)        795,021
    780,000 3.13%, 07/12/2041(1)        598,670
615,000 Saudi Arabian Oil Co. 3.50%, 04/16/2029(1) 581,772
      8,226,946
  Pharmaceuticals - 0.2%
  Bayer U.S. Finance LLC  
495,000 6.13%, 11/21/2026(1) 503,543
555,000 6.25%, 01/21/2029(1) 567,841
113,000 CVS Health Corp. 4.30%, 03/25/2028 111,215
2,063,000 Pfizer Investment Enterprises Pte. Ltd. 5.11%, 05/19/2043 2,062,074
      3,244,673
  Pipelines - 0.4%
  Columbia Pipelines Operating Co. LLC  
375,000 5.93%, 08/15/2030(1) 388,278
676,000 6.50%, 08/15/2043(1) 726,230
369,000 Enbridge, Inc. 6.70%, 11/15/2053 430,839
  Energy Transfer LP  
180,000 4.95%, 06/15/2028 179,468
750,000 5.00%, 05/15/2050 671,949
945,000 5.35%, 05/15/2045 880,403
  Enterprise Products Operating LLC  
100,000 3.70%, 01/31/2051 79,884
145,000 3.95%, 01/31/2060 118,073
1,762,588 Galaxy Pipeline Assets Bidco Ltd. 2.16%, 03/31/2034(1) 1,528,343
  Gray Oak Pipeline LLC  
606,000 2.60%, 10/15/2025(1) 574,496
100,000 3.45%, 10/15/2027(1) 93,055
795,000 Targa Resources Corp. 6.15%, 03/01/2029 832,351
      6,503,369
  Real Estate - 0.1%
2,175,000 Jones Lang LaSalle, Inc. 6.88%, 12/01/2028 2,298,603
  Real Estate Investment Trusts - 1.2%
2,410,000 American Tower Trust #1 5.49%, 03/15/2028(1) 2,446,284
  Extra Space Storage LP  
435,000 5.50%, 07/01/2030 445,478
935,000 5.90%, 01/15/2031 977,193
2,612,000 GLP Capital LP/GLP Financing II, Inc. 6.75%, 12/01/2033 2,818,040
2,718,000 LXP Industrial Trust 6.75%, 11/15/2028 2,859,065
4,761,000 Realty Income Corp. 4.90%, 07/15/2033 4,761,933
  SBA Tower Trust  
545,000 1.63%, 05/15/2051(1) 486,825
300,000 1.88%, 07/15/2050(1) 278,397
470,000 2.84%, 01/15/2050(1) 453,867
  VICI Properties LP/VICI Note Co., Inc.  
2,646,000 4.13%, 08/15/2030(1) 2,410,308
1,842,000 5.75%, 02/01/2027(1) 1,842,963
      19,780,353
  Semiconductors - 0.1%
2,704,000 Broadcom, Inc. 3.47%, 04/15/2034(1) 2,356,639
Shares or Principal Amount   Market Value†
CORPORATE BONDS - 12.4% - (continued)
  Software - 0.2%
$      985,000 Microsoft Corp. 4.50%, 06/15/2047(1) $       967,463
  3,844,000 Oracle Corp. 3.65%, 03/25/2041     3,067,606
      4,035,069
  Telecommunications - 0.4%
            AT&T, Inc.  
    835,000 3.50%, 09/15/2053        608,709
     84,000 3.65%, 06/01/2051         63,548
    146,000 3.85%, 06/01/2060        109,363
817,000 4.30%, 02/15/2030 801,259
200,000 4.30%, 12/15/2042 174,560
700,000 Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC 4.74%, 09/20/2029(1) 693,996
  T-Mobile USA, Inc.  
3,005,000 3.38%, 04/15/2029 2,791,872
41,000 5.75%, 01/15/2054 43,570
  Verizon Communications, Inc.  
500,000 2.88%, 11/20/2050 340,765
760,000 2.99%, 10/30/2056 504,753
513,000 3.00%, 11/20/2060 336,333
      6,468,728
  Trucking & Leasing - 0.4%
2,185,000 DAE Funding LLC 1.55%, 08/01/2024(1) 2,126,758
  Penske Truck Leasing Co. LP/PTL Finance Corp.  
2,850,000 3.95%, 03/10/2025(1) 2,797,873
885,000 5.55%, 05/01/2028(1) 899,339
1,195,000 5.70%, 02/01/2028(1) 1,221,758
      7,045,728
  Total Corporate Bonds
(cost $211,451,345)
$  211,674,307
MUNICIPAL BONDS - 0.8%
  Airport - 0.1%
  Dallas Fort Worth International Airport, TX, Rev  
60,000 4.09%, 11/01/2051 $  52,394
375,000 4.51%, 11/01/2051 350,063
710,000 Port Auth of New York & New Jersey, NY, Rev 3.18%, 07/15/2060(5) 498,148
      900,605
  General - 0.1%
174,655 Chicago Transit Auth Sales & Transfer Tax Receipts, IL, Rev 6.90%, 12/01/2040 198,759
540,000 Kansas Dev Finance Auth, KS, Rev, (BAM) 2.77%, 05/01/2051 384,012
1,250,000 Philadelphia Auth for Industrial Dev, PA, Rev, (NATL Insured) 6.55%, 10/15/2028 1,331,759
      1,914,530
  General Obligation - 0.3%
5,505,000 State of Illinois, IL, GO 5.10%, 06/01/2033 5,446,866
  Tobacco - 0.0%
145,000 Golden State Tobacco Securitization Corp., CA, Rev, (ST APPROP Insured) 3.00%, 06/01/2046 131,958
  Transportation - 0.1%
875,000 Illinois State Toll Highway Auth, IL, Rev 6.18%, 01/01/2034 961,268
  Metropolitan Transportation Auth, NY, Rev  
25,000 6.20%, 11/15/2026 25,513
 
The accompanying notes are an integral part of these financial statements.

47


Hartford Balanced HLS Fund
Schedule of Investments – (continued)
December 31, 2023  

Shares or Principal Amount   Market Value†
MUNICIPAL BONDS - 0.8% - (continued)
  Transportation - 0.1% - (continued)
$      375,000 6.67%, 11/15/2039 $       413,215
    785,000 6.81%, 11/15/2040       869,758
      2,269,754
  Utilities - 0.1%
    925,000 Texas Natural Gas Securitization Finance Corp., TX, Rev 5.10%, 04/01/2035       942,703
  Utility - Electric - 0.1%
785,000 Illinois Municipal Electric Agency, IL, Rev 6.83%, 02/01/2035 839,226
824,000 Municipal Electric Auth of Georgia, GA, Rev 6.64%, 04/01/2057 940,254
      1,779,480
  Total Municipal Bonds
(cost $14,585,406)
  $  13,385,896
U.S. GOVERNMENT AGENCIES - 0.8%
  Mortgage-Backed Agencies - 0.8%
  Federal Home Loan Mortgage Corp. - 0.3%
563,030 2.00%, 05/01/2036 $  509,116
305,026 2.00%, 07/01/2036 275,849
7,259 4.00%, 03/01/2041 7,075
34,083 4.00%, 04/01/2047 33,097
123,768 4.00%, 05/01/2049 119,472
144,612 4.00%, 07/01/2049 140,845
795,000 4.43%, 02/25/2033(3) 794,972
215,830 4.50%, 08/01/2052 209,509
334,052 4.50%, 10/01/2052 324,282
843,819 5.00%, 11/01/2043 849,058
974,688 5.00%, 04/01/2053 965,255
280,923 5.50%, 03/01/2053 282,561
840,319 5.50%, 09/01/2053 849,741
1,682 5.59%, 04/01/2029, 1 yr. USD CMT + 2.24%(2) 1,669
280,555 8.14%, 10/25/2050, 30 day USD SOFR Average + 2.80%(1)(2) 284,494
      5,646,995
  Federal National Mortgage Association - 0.3%
170,130 2.00%, 04/01/2036 153,862
68,217 2.00%, 06/01/2036 61,670
241,571 2.00%, 09/01/2036 218,409
133,887 2.00%, 03/01/2037 120,819
70,905 4.00%, 03/01/2046 68,597
90,411 4.00%, 01/01/2049 87,665
31,508 4.00%, 08/01/2049 30,506
92,035 4.00%, 08/01/2051 89,638
48,716 4.50%, 03/01/2038 48,648
18,591 4.50%, 11/01/2039 18,588
12,701 4.50%, 04/01/2040 12,697
40,368 4.50%, 08/01/2040 40,361
11,098 4.50%, 02/01/2041 11,096
231,310 4.50%, 04/01/2041 231,255
98,691 4.50%, 06/01/2041 98,382
154,399 4.50%, 07/01/2041 154,372
24,551 4.50%, 09/01/2041 24,539
33,222 4.50%, 07/01/2044 32,940
157,450 4.50%, 08/01/2052 152,838
773,225 4.50%, 09/01/2052 752,767
959,301 5.00%, 08/01/2043 964,863
236,940 5.00%, 08/01/2052 234,970
354,643 5.00%, 09/01/2052 351,694
236,849 5.00%, 10/01/2052 234,985
Shares or Principal Amount   Market Value†
U.S. GOVERNMENT AGENCIES - 0.8% - (continued)
  Mortgage-Backed Agencies - 0.8% - (continued)
  Federal National Mortgage Association - 0.3% - (continued)
$      278,809 5.50%, 08/01/2053 $       280,367
     56,225 5.84%, 10/25/2024, 30 day USD SOFR Average + 0.51(2)        55,853
      4,532,381
  Government National Mortgage Association - 0.2%
  2,173,603 2.50%, 10/20/2049      1,917,877
     30,981 5.00%, 07/15/2037         31,033
         45 6.00%, 06/15/2024             45
1,220 6.00%, 07/15/2026 1,231
608 6.00%, 03/15/2028 621
917 6.00%, 04/15/2028 941
22,303 6.00%, 05/15/2028 22,690
10,590 6.00%, 07/15/2028 10,838
3,760 6.00%, 08/15/2028 3,857
21,650 6.00%, 09/15/2028 22,019
31,451 6.00%, 10/15/2028 31,946
26,733 6.00%, 11/15/2028 27,172
20,937 6.00%, 12/15/2028 21,403
467 6.00%, 12/15/2031 480
8,499 6.00%, 09/15/2032 8,787
3,868 6.00%, 11/15/2032 3,972
1,452 6.00%, 04/15/2033 1,476
37,775 6.00%, 06/15/2033 38,937
12,476 6.00%, 10/15/2033 12,939
1,018 6.00%, 11/15/2033 1,056
18,668 6.00%, 10/15/2034 18,979
45,331 6.00%, 01/15/2035 46,073
5,294 6.00%, 05/15/2035 5,434
6,033 6.00%, 06/15/2035 6,132
83 6.50%, 03/15/2026 84
232 6.50%, 01/15/2028 237
16,625 6.50%, 03/15/2028 17,084
29,119 6.50%, 04/15/2028 29,799
7,747 6.50%, 05/15/2028 7,892
45,818 6.50%, 06/15/2028 47,034
3,803 6.50%, 10/15/2028 3,922
832 6.50%, 02/15/2035 860
1,954 7.00%, 11/15/2031 1,988
1,152 7.00%, 03/15/2032 1,172
414,347 7.00%, 11/15/2032 433,644
43,046 7.00%, 01/15/2033 44,689
50,805 7.00%, 05/15/2033 52,433
6,775 7.00%, 07/15/2033 6,972
56,388 7.00%, 11/15/2033 58,289
19,784 7.50%, 09/16/2035 20,164
30 8.00%, 09/15/2026 30
1,436 8.00%, 12/15/2026 1,456
15 8.00%, 09/15/2027 15
1,223 8.00%, 07/15/2029 1,264
1,093 8.00%, 12/15/2029 1,105
2,666 8.00%, 01/15/2030 2,669
1,129 8.00%, 02/15/2030 1,127
532 8.00%, 03/15/2030 532
5,140 8.00%, 04/15/2030 5,133
2,853 8.00%, 05/15/2030 2,864
14,686 8.00%, 06/15/2030 14,854
814 8.00%, 07/15/2030 815
21,808 8.00%, 08/15/2030 21,967
 
The accompanying notes are an integral part of these financial statements.

48


Hartford Balanced HLS Fund
Schedule of Investments – (continued)
December 31, 2023  

Shares or Principal Amount   Market Value†
U.S. GOVERNMENT AGENCIES - 0.8% - (continued)
  Mortgage-Backed Agencies - 0.8% - (continued)
  Government National Mortgage Association - 0.2% - (continued)
$       10,349 8.00%, 09/15/2030 $        10,365
     45,255 8.00%, 12/15/2030         45,657
      3,072,054
  Total U.S. Government Agencies
(cost $12,787,075)
  $  13,251,430
U.S. GOVERNMENT SECURITIES - 17.8%
  U.S. Treasury Securities - 17.8%
  U.S. Treasury Bonds - 6.0%
17,710,000 2.50%, 02/15/2045(7) $  13,466,518
2,041,900 2.75%, 11/15/2047 1,596,590
12,698,700 2.88%, 05/15/2052 10,160,944
400,000 3.25%, 05/15/2042 352,266
5,288,500 3.38%, 08/15/2042 4,733,414
6,479,900 3.63%, 02/15/2053 6,012,638
7,381,500 3.63%, 05/15/2053 6,857,875
13,551,800 3.88%, 02/15/2043 12,968,437
5,468,500 3.88%, 05/15/2043 5,232,671
6,040,000 4.00%, 11/15/2042 5,891,359
11,935,900 4.00%, 11/15/2052 11,831,927
3,401,900 4.13%, 08/15/2053 3,455,055
12,050,000 4.38%, 02/15/2038 12,701,453
4,191,000 4.38%, 08/15/2043 4,293,811
1,333,000 4.75%, 11/15/2043 1,434,850
1,744,000 4.75%, 11/15/2053 1,964,998
      102,954,806
  U.S. Treasury Notes - 11.8%
290,000 0.25%, 05/31/2025 273,155
3,825,000 0.38%, 11/30/2025 3,553,066
1,080,000 0.88%, 09/30/2026 992,419
150,000 1.25%, 05/31/2028 134,127
603,000 1.25%, 09/30/2028 534,974
1,020,000 1.38%, 10/31/2028 908,796
4,505,600 1.50%, 01/31/2027 4,184,400
530,000 1.50%, 11/30/2028 474,474
2,115,000 1.63%, 10/31/2026 1,981,078
285,000 2.63%, 04/15/2025 278,064
2,980,000 2.63%, 05/31/2027 2,854,048
590,000 2.63%, 07/31/2029 553,148
935,000 2.75%, 05/15/2025 912,976
6,970,000 2.75%, 04/30/2027 6,708,625
890,000 2.75%, 05/31/2029 841,224
2,320,000 2.88%, 06/15/2025 2,267,800
1,245,000 3.13%, 08/15/2025 1,220,392
897,000 3.13%, 08/31/2027 872,368
6,555,000 3.25%, 06/30/2027 6,409,817
326,000 3.25%, 06/30/2029 315,889
414,000 3.50%, 09/15/2025 407,984
3,074,000 3.50%, 04/30/2028 3,027,770
635,000 3.50%, 04/30/2030 621,481
3,936,500 3.63%, 03/31/2028 3,896,828
1,369,000 3.63%, 05/31/2028 1,355,684
512,000 3.63%, 03/31/2030 504,740
620,000 3.75%, 05/31/2030 615,350
1,633,000 3.75%, 06/30/2030 1,620,561
3,008,000 3.88%, 03/31/2025 2,981,915
5,750,000 3.88%, 04/30/2025 5,699,014
5,122,000 3.88%, 11/30/2027 5,114,997
7,157,100 3.88%, 12/31/2027 7,150,949
685,000 3.88%, 11/30/2029 684,545
904,700 3.88%, 08/15/2033 905,407
1,100,000 4.00%, 12/15/2025 1,094,371
Shares or Principal Amount   Market Value†
U.S. GOVERNMENT SECURITIES - 17.8% - (continued)
  U.S. Treasury Securities - 17.8% - (continued)
  U.S. Treasury Notes - 11.8% - (continued)
$    2,186,000 4.00%, 02/15/2026 $     2,176,607
  3,969,700 4.00%, 02/29/2028      3,985,982
  3,580,000 4.00%, 06/30/2028      3,600,138
    150,000 4.00%, 10/31/2029        150,885
    483,900 4.00%, 07/31/2030        487,227
    260,000 4.13%, 06/15/2026        260,030
12,608,900 4.13%, 09/30/2027     12,697,556
3,381,200 4.13%, 10/31/2027 3,404,974
4,725,200 4.13%, 07/31/2028 4,778,359
754,300 4.13%, 08/31/2030 764,848
14,100,000 4.25%, 05/31/2025 14,049,879
4,965,700 4.38%, 08/31/2028 5,076,652
4,531,000 4.38%, 11/30/2028 4,641,089
130,000 4.38%, 11/30/2030 133,880
3,325,000 4.50%, 11/15/2033 3,498,004
3,700,000 4.63%, 06/30/2025 3,709,395
730,000 4.63%, 10/15/2026 741,178
866,000 4.63%, 11/15/2026 880,073
4,485,000 4.63%, 09/30/2028 4,633,741
4,671,000 4.75%, 07/31/2025 4,692,895
22,276,000 4.88%, 11/30/2025 22,511,812
14,162,000 4.88%, 10/31/2028 14,797,077
927,000 4.88%, 10/31/2030 981,896
9,805,900 5.00%, 08/31/2025 9,897,830
5,874,000 5.00%, 09/30/2025 5,935,035
      200,439,478
  Total U.S. Government Securities
(cost $308,648,578)
  $  303,394,284
COMMON STOCKS - 66.0%
  Automobiles & Components - 0.9%
462,946 Gentex Corp. $  15,119,816
  Banks - 4.2%
186,277 JP Morgan Chase & Co. 31,685,718
145,489 M&T Bank Corp. 19,943,632
123,970 PNC Financial Services Group, Inc. 19,196,754
      70,826,104
  Capital Goods - 4.7%
172,792 Emerson Electric Co. 16,817,845
151,490 Fortune Brands Innovations, Inc. 11,534,449
52,280 General Dynamics Corp. 13,575,547
224,548 Johnson Controls International PLC 12,942,947
62,479 L3Harris Technologies, Inc. 13,159,327
79,106 Middleby Corp.* 11,642,030
      79,672,145
  Consumer Discretionary Distribution & Retail - 1.9%
255,903 LKQ Corp. 12,229,604
55,781 Tractor Supply Co. 11,994,589
304,479 Victoria's Secret & Co.* 8,080,873
      32,305,066
  Consumer Durables & Apparel - 0.7%
85,170 Lennar Corp. Class A 12,693,737
  Consumer Services - 2.6%
93,116 Airbnb, Inc. Class A* 12,676,812
373,055 H&R Block, Inc. 18,044,670
135,460 Starbucks Corp. 13,005,515
      43,726,997
  Energy - 1.1%
160,320 ConocoPhillips 18,608,342
 
The accompanying notes are an integral part of these financial statements.

49


Hartford Balanced HLS Fund
Schedule of Investments – (continued)
December 31, 2023  

Shares or Principal Amount   Market Value†
COMMON STOCKS - 66.0% - (continued)
  Equity Real Estate Investment Trusts (REITs) - 1.4%
   109,127 Crown Castle, Inc. REIT $    12,570,339
   244,641 Gaming & Leisure Properties, Inc. REIT    12,073,034
      24,643,373
  Financial Services - 7.4%
   139,109 Ares Management Corp. Class A     16,542,842
   127,877 Intercontinental Exchange, Inc.     16,423,243
134,390 KKR & Co., Inc. 11,134,212
41,520 LPL Financial Holdings, Inc. 9,450,782
153,778 Morgan Stanley 14,339,799
142,360 Raymond James Financial, Inc. 15,873,140
41,263 S&P Global, Inc. 18,177,177
93,964 Visa, Inc. Class A 24,463,527
      126,404,722
  Food, Beverage & Tobacco - 0.9%
463,682 Keurig Dr Pepper, Inc. 15,449,884
  Health Care Equipment & Services - 5.9%
52,444 Align Technology, Inc.* 14,369,656
243,266 Boston Scientific Corp.* 14,063,207
262,347 Centene Corp.* 19,468,771
44,203 Elevance Health, Inc. 20,844,367
60,895 UnitedHealth Group, Inc. 32,059,391
      100,805,392
  Household & Personal Products - 0.7%
254,075 Unilever PLC ADR 12,317,556
  Insurance - 2.1%
72,277 Chubb Ltd. 16,334,602
285,749 MetLife, Inc. 18,896,581
      35,231,183
  Materials - 0.8%
385,329 Axalta Coating Systems Ltd.* 13,089,626
  Media & Entertainment - 5.2%
425,469 Alphabet, Inc. Class C* 59,961,346
100,533 Electronic Arts, Inc. 13,753,920
168,554 Omnicom Group, Inc. 14,581,607
      88,296,873
  Pharmaceuticals, Biotechnology & Life Sciences - 4.7%
183,812 AstraZeneca PLC ADR 12,379,738
39,825 Eli Lilly & Co. 23,214,789
659,163 Pfizer, Inc. 18,977,303
36,308 Roche Holding AG 10,554,500
36,593 Vertex Pharmaceuticals, Inc.* 14,889,326
      80,015,656
  Real Estate Management & Development - 0.9%
160,891 CBRE Group, Inc. Class A* 14,977,343
  Semiconductors & Semiconductor Equipment - 4.7%
70,423 Analog Devices, Inc. 13,983,191
22,905 Broadcom, Inc. 25,567,706
81,505 NXP Semiconductors NV 18,720,068
146,103 QUALCOMM, Inc. 21,130,877
      79,401,842
  Software & Services - 9.4%
72,564 Accenture PLC Class A 25,463,433
161,530 Amdocs Ltd. 14,196,872
256,263 Microsoft Corp. 96,365,139
93,009 Salesforce, Inc.* 24,474,388
      160,499,832
Shares or Principal Amount   Market Value†
COMMON STOCKS - 66.0% - (continued)
  Technology Hardware & Equipment - 3.4%
   449,499 Cisco Systems, Inc. $    22,708,689
   606,815 Corning, Inc.     18,477,517
    91,724 F5, Inc.*    16,416,762
      57,602,968
  Transportation - 1.8%
   220,915 Knight-Swift Transportation Holdings, Inc.     12,735,750
111,741 United Parcel Service, Inc. Class B 17,569,037
      30,304,787
  Utilities - 0.6%
301,517 Exelon Corp. 10,824,460
  Total Common Stocks
(cost $722,505,188)
  $ 1,122,817,704
  Total Long-Term Investments
(cost $1,293,625,945)
  $ 1,687,514,024
SHORT-TERM INVESTMENTS - 0.3%
  Repurchase Agreements - 0.2%
$   3,851,967 Fixed Income Clearing Corp. Repurchase Agreement dated 12/29/2023 at 5.32%, due on 01/02/2024 with a maturity value of $3,854,244; collateralized by U.S. Treasury Inflation Index Note at 0.13%, maturing 07/15/2031, with a market value of $3,929,086 $  3,851,967
  Securities Lending Collateral - 0.1%
105,277 Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 5.25%(8) 105,277
350,925 HSBC U.S. Government Money Market Fund, Institutional Class, 5.31%(8) 350,925
105,278 Invesco Government & Agency Portfolio, Institutional Class, 5.28%(8) 105,278
105,278 Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 5.27%(8) 105,278
      666,758
  Total Short-Term Investments
(cost $4,518,725)
$  4,518,725
  Total Investments
(cost $1,298,144,670)
99.5% $ 1,692,032,749
  Other Assets and Liabilities 0.5% 8,553,451
  Total Net Assets 100.0% $ 1,700,586,200
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 Hartford Funds Management Company, LLC 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 accompanying notes are an integral part of these financial statements.

50


Hartford Balanced HLS Fund
Schedule of Investments – (continued)
December 31, 2023  

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 December 31, 2023, the aggregate value of these securities was $100,599,130, representing 5.9% of net assets.
(2) Variable rate securities; the rate reported is the coupon rate in effect at December 31, 2023. 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) Fixed to variable rate investment. The rate shown reflects the fixed rate in effect at December 31, 2023. Rate will reset at a future date. Base lending rates may be subject to a floor or cap.
(5) Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information.
(6) Perpetual maturity security. Maturity date shown is the next call date or final legal maturity date, whichever comes first.
(7) All, or a portion of the security, was pledged as collateral in connection with futures contracts. As of December 31, 2023, the market value of securities pledged was $216,711.
(8) Current yield as of period end.
 
Futures Contracts Outstanding at December 31, 2023
Description   Number of
Contracts
  Expiration
Date
  Current
Notional
Amount
  Value and
Unrealized
Appreciation/
(Depreciation)
Long position contracts:
U.S. Treasury 5-Year Note Future   79   03/28/2024   $ 8,593,102   $ 213,236
Total futures contracts   $ 213,236
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.

51


Hartford Balanced HLS Fund
Schedule of Investments – (continued)
December 31, 2023  

Fair Value Summary
The following is a summary of the fair valuations according to the inputs used as of December 31, 2023 in valuing the Fund’s investments.
Description   Total   Level 1   Level 2   Level 3(1)
Assets                
Asset & Commercial Mortgage-Backed Securities   $  22,990,403   $  —   $  22,990,403   $ —
Corporate Bonds   211,674,307     211,674,307  
Municipal Bonds   13,385,896     13,385,896  
U.S. Government Agencies   13,251,430     13,251,430  
U.S. Government Securities   303,394,284     303,394,284  
Common Stocks                
Automobiles & Components   15,119,816   15,119,816    
Banks   70,826,104   70,826,104    
Capital Goods   79,672,145   79,672,145    
Consumer Discretionary Distribution & Retail   32,305,066   32,305,066    
Consumer Durables & Apparel   12,693,737   12,693,737    
Consumer Services   43,726,997   43,726,997    
Energy   18,608,342   18,608,342    
Equity Real Estate Investment Trusts (REITs)   24,643,373   24,643,373    
Financial Services   126,404,722   126,404,722    
Food, Beverage & Tobacco   15,449,884   15,449,884    
Health Care Equipment & Services   100,805,392   100,805,392    
Household & Personal Products   12,317,556   12,317,556    
Insurance   35,231,183   35,231,183    
Materials   13,089,626   13,089,626    
Media & Entertainment   88,296,873   88,296,873    
Pharmaceuticals, Biotechnology & Life Sciences   80,015,656   69,461,156   10,554,500  
Real Estate Management & Development   14,977,343   14,977,343    
Semiconductors & Semiconductor Equipment   79,401,842   79,401,842    
Software & Services   160,499,832   160,499,832    
Technology Hardware & Equipment   57,602,968   57,602,968    
Transportation   30,304,787   30,304,787    
Utilities   10,824,460   10,824,460    
Short-Term Investments   4,518,725   666,758   3,851,967  
Futures Contracts(2)   213,236   213,236    
Total   $ 1,692,245,985   $ 1,113,143,198   $ 579,102,787   $ —
    
(1) For the year ended December 31, 2023, 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.

52


Hartford Capital Appreciation HLS Fund
Schedule of Investments
December 31, 2023  

Shares or Principal Amount   Market Value†
COMMON STOCKS - 97.6%
  Automobiles & Components - 0.2%
   184,920 Mobileye Global, Inc. Class A* $     8,010,734
  Banks - 1.0%
   146,742 M&T Bank Corp.     20,115,394
 1,510,010 New York Community Bancorp, Inc.    15,447,402
      35,562,796
  Capital Goods - 8.4%
213,532 AerCap Holdings NV* 15,869,698
65,875 Airbus SE 10,176,922
89,001 AMETEK, Inc. 14,675,375
64,372 Axon Enterprise, Inc.* 16,629,219
81,489 Dover Corp. 12,533,823
103,749 Emerson Electric Co. 10,097,890
42,138 General Dynamics Corp. 10,941,975
350,600 HF Global, Inc.*(1)(2) 9,921,980
189,331 Honeywell International, Inc. 39,704,604
53,783 IDEX Corp. 11,676,827
32,443 Lockheed Martin Corp. 14,704,465
51,283 Middleby Corp.* 7,547,319
93,012 Northrop Grumman Corp. 43,542,638
226,622 RTX Corp. 19,067,975
51,143 Snap-on, Inc. 14,772,144
1,261,500 Techtronic Industries Co. Ltd. 15,030,878
70,672 Toro Co. 6,783,805
205,113 Westinghouse Air Brake Technologies Corp. 26,028,840
      299,706,377
  Commercial & Professional Services - 1.8%
38,238 Ceridian HCM Holding, Inc.* 2,566,535
310,203 Copart, Inc.* 15,199,947
368,444 Genpact Ltd. 12,788,691
178,230 Leidos Holdings, Inc. 19,291,615
66,400 Verisk Analytics, Inc. 15,860,304
      65,707,092
  Consumer Discretionary Distribution & Retail - 4.2%
413,211 Amazon.com, Inc.* 62,783,279
5,164 AutoZone, Inc.* 13,352,090
149,911 Chewy, Inc. Class A* 3,542,397
50,155 Floor & Decor Holdings, Inc. Class A* 5,595,292
113,141 Ross Stores, Inc. 15,657,583
479,206 TJX Cos., Inc. 44,954,315
115,140 Tory Burch LLC*(1)(2) 4,857,742
      150,742,698
  Consumer Durables & Apparel - 2.0%
23,568 Deckers Outdoor Corp.* 15,753,558
365,541 NIKE, Inc. Class B 39,686,786
881 NVR, Inc.* 6,167,397
256,763 Steven Madden Ltd. 10,784,046
      72,391,787
  Consumer Services - 2.1%
368,496 DraftKings, Inc. Class A* 12,989,484
286,502 Las Vegas Sands Corp. 14,098,764
112,319 McDonald's Corp. 33,303,707
172,718 Wyndham Hotels & Resorts, Inc. 13,888,254
      74,280,209
  Consumer Staples Distribution & Retail - 0.9%
135,429 Dollar Tree, Inc.* 19,237,689
196,438 Sysco Corp. 14,365,511
      33,603,200
  Energy - 3.0%
291,150 Canadian Natural Resources Ltd. 19,076,148
31,911 Cheniere Energy, Inc. 5,447,527
105,105 ConocoPhillips 12,199,537
103,375 Diamondback Energy, Inc. 16,031,395
354,629 Enbridge, Inc. 12,766,162
Shares or Principal Amount   Market Value†
COMMON STOCKS - 97.6% - (continued)
  Energy - 3.0% - (continued)
   325,479 Halliburton Co. $    11,766,066
   509,161 Schlumberger NV     26,496,738
    55,604 Targa Resources Corp.     4,830,320
      108,613,893
  Equity Real Estate Investment Trusts (REITs) - 3.0%
   270,036 American Tower Corp. REIT     58,295,372
50,975 AvalonBay Communities, Inc. REIT 9,543,539
17,404 Equinix, Inc. REIT 14,017,007
61,176 Extra Space Storage, Inc. REIT 9,808,348
331,771 UDR, Inc. REIT 12,703,512
27,271 Welltower, Inc. REIT 2,459,026
      106,826,804
  Financial Services - 7.3%
201,877 American Express Co. 37,819,637
271,692 Bank of New York Mellon Corp. 14,141,568
18,046 BlackRock, Inc. 14,649,743
213,079 Block, Inc.* 16,481,661
260,529 Charles Schwab Corp. 17,924,395
413,379 Equitable Holdings, Inc. 13,765,521
49,129 FleetCor Technologies, Inc.* 13,884,347
89,276 KKR & Co., Inc. 7,396,517
225,929 Morgan Stanley 21,067,879
171,037 Raymond James Financial, Inc. 19,070,625
258,953 Tradeweb Markets, Inc. Class A 23,533,649
160,392 Visa, Inc. Class A 41,758,057
204,420 Voya Financial, Inc. 14,914,483
29,478 WEX, Inc.* 5,734,945
      262,143,027
  Food, Beverage & Tobacco - 2.9%
233,362 Coca-Cola Co. 13,752,023
150,332 General Mills, Inc. 9,792,626
205,533 Kraft Heinz Co. 7,600,610
138,765 Monster Beverage Corp.* 7,994,252
197,945 PepsiCo, Inc. 33,618,979
155,856 Philip Morris International, Inc. 14,662,932
283,309 Tyson Foods, Inc. Class A 15,227,859
      102,649,281
  Health Care Equipment & Services - 8.0%
44,245 Align Technology, Inc.* 12,123,130
269,657 Centene Corp.* 20,011,246
300,678 Dentsply Sirona, Inc. 10,701,130
93,204 Dexcom, Inc.* 11,565,684
17,051 Elevance Health, Inc. 8,040,570
106,945 Encompass Health Corp. 7,135,371
39,541 Humana, Inc. 18,102,265
26,997 Inari Medical, Inc.* 1,752,645
51,406 Insulet Corp.* 11,154,074
39,241 Intuitive Surgical, Inc.* 13,238,344
256,901 Medtronic PLC 21,163,504
132,354 Quest Diagnostics, Inc. 18,248,970
57,576 Shockwave Medical, Inc.* 10,971,683
110,053 Stryker Corp. 32,956,471
39,361 Teleflex, Inc. 9,814,272
140,660 UnitedHealth Group, Inc. 74,053,270
26,593 Veeva Systems, Inc. Class A* 5,119,684
      286,152,313
  Household & Personal Products - 3.3%
458,524 Colgate-Palmolive Co. 36,548,948
51,553 elf Beauty, Inc.* 7,441,160
1,174,412 Kenvue, Inc. 25,285,090
218,166 Procter & Gamble Co. 31,970,046
340,355 Unilever PLC 16,476,921
      117,722,165
 
The accompanying notes are an integral part of these financial statements.

53


Hartford Capital Appreciation HLS Fund
Schedule of Investments – (continued)
December 31, 2023  

Shares or Principal Amount   Market Value†
COMMON STOCKS - 97.6% - (continued)
  Insurance - 4.5%
   167,619 Allstate Corp. $    23,463,307
   106,517 American International Group, Inc.      7,216,527
   292,408 Chubb Ltd.     66,084,208
   116,176 Globe Life, Inc.     14,140,943
   185,995 Marsh & McLennan Cos., Inc.     35,240,473
   222,045 MetLife, Inc.    14,683,836
      160,829,294
  Materials - 3.2%
171,364 CRH PLC 11,793,147
166,348 FMC Corp. 10,488,241
91,561 Linde PLC 37,605,018
96,681 PPG Industries, Inc. 14,458,644
48,155 Reliance Steel & Aluminum Co. 13,467,990
258,028 Rio Tinto PLC ADR 19,212,765
33,185 Vulcan Materials Co. 7,533,327
      114,559,132
  Media & Entertainment - 8.0%
757,284 Alphabet, Inc. Class A* 105,785,002
203,978 Alphabet, Inc. Class C* 28,746,620
22,916 Charter Communications, Inc. Class A* 8,906,991
80,750 Electronic Arts, Inc. 11,047,407
125,662 Liberty Media Corp.-Liberty Formula One Class C* 7,933,042
206,955 Meta Platforms, Inc. Class A* 73,253,792
36,606 Netflix, Inc.* 17,822,729
148,274 Omnicom Group, Inc. 12,827,184
205,376 Pinterest, Inc. Class A* 7,607,127
25,979 Roku, Inc.* 2,381,235
53,364 Spotify Technology SA* 10,027,629
      286,338,758
  Pharmaceuticals, Biotechnology & Life Sciences - 6.9%
111,592 Agilent Technologies, Inc. 15,514,636
9,740 Alnylam Pharmaceuticals, Inc.* 1,864,333
102,777 Apellis Pharmaceuticals, Inc.* 6,152,231
322,063 AstraZeneca PLC ADR 21,690,943
189,232 Danaher Corp. 43,776,931
50,582 Eli Lilly & Co. 29,485,259
267,686 Exact Sciences Corp.* 19,803,410
45,182 Jazz Pharmaceuticals PLC* 5,557,386
155,701 Johnson & Johnson 24,404,575
128,882 Novartis AG 13,018,434
898,036 Pfizer, Inc. 25,854,456
195,029 PTC Therapeutics, Inc.* 5,374,999
41,215 Sarepta Therapeutics, Inc.* 3,974,363
111,279 Ultragenyx Pharmaceutical, Inc.* 5,321,362
65,099 United Therapeutics Corp.* 14,314,619
27,130 Vertex Pharmaceuticals, Inc.* 11,038,926
      247,146,863
  Real Estate Management & Development - 0.3%
19,785 CBRE Group, Inc. Class A* 1,841,786
93,490 CoStar Group, Inc.* 8,170,091
      10,011,877
  Semiconductors & Semiconductor Equipment - 5.7%
167,883 ARM Holdings PLC ADR*(3) 12,615,568
25,039 Broadcom, Inc. 27,949,784
17,027 First Solar, Inc.* 2,933,412
388,273 Micron Technology, Inc. 33,135,218
8,591 Monolithic Power Systems, Inc. 5,419,031
100,754 NVIDIA Corp. 49,895,396
95,139 NXP Semiconductors NV 21,851,525
155,185 QUALCOMM, Inc. 22,444,406
61,413 Rambus, Inc.* 4,191,437
146,600 Texas Instruments, Inc. 24,989,436
      205,425,213
Shares or Principal Amount   Market Value†
COMMON STOCKS - 97.6% - (continued)
  Software & Services - 10.5%
    97,760 Accenture PLC Class A $    34,304,962
    25,631 Adobe, Inc.*     15,291,455
    14,954 ANSYS, Inc.*      5,426,507
   199,956 Cognizant Technology Solutions Corp. Class A     15,102,677
    52,865 Datadog, Inc. Class A*      6,416,754
   103,953 Dynatrace, Inc.*      5,685,190
11,543 HubSpot, Inc.* 6,701,173
426,026 Microsoft Corp. 160,202,817
31,867 MongoDB, Inc.* 13,028,823
153,473 Oracle Corp. 16,180,658
90,817 Salesforce, Inc.* 23,897,585
27,048 ServiceNow, Inc.* 19,109,141
5,611 Sharecare, Inc. Earnout*(1)(2) 61
274,531 Shopify, Inc. Class A* 21,385,965
56,107 Snowflake, Inc. Class A* 11,165,293
75,298 Workday, Inc. Class A* 20,786,766
      374,685,827
  Technology Hardware & Equipment - 4.9%
591,779 Apple, Inc. 113,935,211
89,756 CDW Corp. 20,403,334
350,520 Flex Ltd.* 10,676,839
125,657 Samsung Electronics Co. Ltd. 7,626,977
202,675 Seagate Technology Holdings PLC 17,302,365
14,831 Zebra Technologies Corp. Class A* 4,053,757
      173,998,483
  Telecommunication Services - 0.6%
128,757 T-Mobile U.S., Inc. 20,643,610
  Transportation - 2.6%
220,012 Delta Air Lines, Inc. 8,851,083
30,071 FedEx Corp. 7,607,061
28,688 JB Hunt Transport Services, Inc. 5,730,141
301,908 Knight-Swift Transportation Holdings, Inc. 17,404,996
223,273 Uber Technologies, Inc.* 13,746,918
72,047 Union Pacific Corp. 17,696,184
146,742 United Parcel Service, Inc. Class B 23,072,245
      94,108,628
  Utilities - 2.3%
388,788 AES Corp. 7,484,169
170,850 Duke Energy Corp. 16,579,284
245,113 Edison International 17,523,128
628,069 Exelon Corp. 22,547,677
1,290,474 Iberdrola SA 16,926,867
      81,061,125
  Total Common Stocks
(cost $2,567,791,909)
  $ 3,492,921,186
CONVERTIBLE PREFERRED STOCKS - 0.0%
  Software & Services - 0.0%
58 Magic Leap, Inc. Class A*(1)(2)(4) $  167
  Total Convertible Preferred Stocks
(cost $679,566)
  $  167
EXCHANGE-TRADED FUNDS - 0.3%
  Other Investment Pools & Funds - 0.3%
39,331 iShares Russell 1000 Growth ETF $  11,923,979
  Total Exchange-Traded Funds
(cost $11,920,514)
  $  11,923,979
  Total Long-Term Investments
(cost $2,580,391,989)
  $ 3,504,845,332
 
The accompanying notes are an integral part of these financial statements.

54


Hartford Capital Appreciation HLS Fund
Schedule of Investments – (continued)
December 31, 2023  

Shares or Principal Amount   Market Value†
SHORT-TERM INVESTMENTS - 0.9%
  Repurchase Agreements - 0.6%
$  21,275,928 Fixed Income Clearing Corp. Repurchase Agreement dated 12/29/2023 at 5.32%, due on 01/02/2024 with a maturity value of $21,288,504; collateralized by U.S. Treasury Inflation Index Note at 0.13%, maturing 07/15/2031, with a market value of $21,701,499 $    21,275,928
  Securities Lending Collateral - 0.3%
 1,715,803 Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 5.25%(5)      1,715,803
 5,719,343 HSBC U.S. Government Money Market Fund, Institutional Class, 5.31%(5)      5,719,343
 1,715,803 Invesco Government & Agency Portfolio, Institutional Class, 5.28%(5)      1,715,803
 1,715,803 Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 5.27%(5)      1,715,803
      10,866,752
  Total Short-Term Investments
(cost $32,142,680)
$  32,142,680
  Total Investments
(cost $2,612,534,669)
98.8% $ 3,536,988,012
  Other Assets and Liabilities 1.2% 42,593,258
  Total Net Assets 100.0% $ 3,579,581,270
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 Hartford Funds Management Company, LLC 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) 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 $14,779,950 or 0.4% of net assets.
    
Period
Acquired
  Security Name   Shares/
Par Value
  Total Cost   Market Value
06/2015   HF Global, Inc.   350,600   $  4,713,607   $  9,921,980
12/2015   Magic Leap, Inc. Class A Convertible Preferred   58   679,566   167
07/2021   Sharecare, Inc. Earnout   5,611     61
11/2013   Tory Burch LLC   115,140   9,024,247   4,857,742
            $ 14,417,420   $ 14,779,950
    
(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) Currently no rate available.
(5) Current yield as of period end.
 
Futures Contracts Outstanding at December 31, 2023
Description   Number of
Contracts
  Expiration
Date
  Current
Notional
Amount
  Value and
Unrealized
Appreciation/
(Depreciation)
Long position contracts:
Nasdaq 100 E-MINI Future   261   03/15/2024   $ 88,862,670   $ 1,923,011
Total futures contracts   $ 1,923,011
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.

55


Hartford Capital Appreciation HLS Fund
Schedule of Investments – (continued)
December 31, 2023  

Fair Value Summary
The following is a summary of the fair valuations according to the inputs used as of December 31, 2023 in valuing the Fund’s investments.
Description   Total   Level 1   Level 2   Level 3(1)
Assets                
Common Stocks                
Automobiles & Components   $  8,010,734   $  8,010,734   $  —   $  —
Banks   35,562,796   35,562,796    
Capital Goods   299,706,377   264,576,597   25,207,800   9,921,980
Commercial & Professional Services   65,707,092   65,707,092    
Consumer Discretionary Distribution & Retail   150,742,698   145,884,956     4,857,742
Consumer Durables & Apparel   72,391,787   72,391,787    
Consumer Services   74,280,209   74,280,209    
Consumer Staples Distribution & Retail   33,603,200   33,603,200    
Energy   108,613,893   108,613,893    
Equity Real Estate Investment Trusts (REITs)   106,826,804   106,826,804    
Financial Services   262,143,027   262,143,027    
Food, Beverage & Tobacco   102,649,281   102,649,281    
Health Care Equipment & Services   286,152,313   286,152,313    
Household & Personal Products   117,722,165   101,245,244   16,476,921  
Insurance   160,829,294   160,829,294    
Materials   114,559,132   102,765,985   11,793,147  
Media & Entertainment   286,338,758   286,338,758    
Pharmaceuticals, Biotechnology & Life Sciences   247,146,863   234,128,429   13,018,434  
Real Estate Management & Development   10,011,877   10,011,877    
Semiconductors & Semiconductor Equipment   205,425,213   205,425,213    
Software & Services   374,685,827   374,685,766     61
Technology Hardware & Equipment   173,998,483   166,371,506   7,626,977  
Telecommunication Services   20,643,610   20,643,610    
Transportation   94,108,628   94,108,628    
Utilities   81,061,125   64,134,258   16,926,867  
Convertible Preferred Stocks   167       167
Exchange-Traded Funds   11,923,979   11,923,979    
Short-Term Investments   32,142,680   10,866,752   21,275,928  
Futures Contracts(2)   1,923,011   1,923,011    
Total   $ 3,538,911,023   $ 3,411,804,999   $ 112,326,074   $ 14,779,950
    
(1) For the year ended December 31, 2023, 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 December 31, 2023 is not presented.
The accompanying notes are an integral part of these financial statements.

56


Hartford Disciplined Equity HLS Fund
Schedule of Investments
December 31, 2023  

Shares or Principal Amount   Market Value†
COMMON STOCKS - 98.9%
  Automobiles & Components - 0.7%
   72,870 Tesla, Inc.* $    18,106,738
  Banks - 4.8%
1,283,361 Bank of America Corp.     43,210,765
  380,510 JP Morgan Chase & Co.     64,724,751
  144,412 PNC Financial Services Group, Inc.    22,362,198
      130,297,714
  Capital Goods - 6.7%
181,901 AMETEK, Inc. 29,993,656
81,805 Deere & Co. 32,711,365
131,323 IDEX Corp. 28,511,536
129,357 Illinois Tool Works, Inc. 33,883,773
418,894 Johnson Controls International PLC 24,145,050
398,198 RTX Corp. 33,504,380
      182,749,760
  Commercial & Professional Services - 0.8%
133,944 Republic Services, Inc. 22,088,705
  Consumer Discretionary Distribution & Retail - 7.2%
864,144 Amazon.com, Inc.* 131,298,039
9,870 AutoZone, Inc.* 25,519,971
386,834 TJX Cos., Inc. 36,288,898
38,805 Tory Burch LLC*(1)(2) 1,637,184
      194,744,092
  Consumer Durables & Apparel - 1.3%
318,035 NIKE, Inc. Class B 34,529,060
  Consumer Services - 1.4%
133,255 McDonald's Corp. 39,511,440
  Energy - 3.5%
289,308 ConocoPhillips 33,579,980
227,766 EOG Resources, Inc. 27,548,298
121,880 Phillips 66 16,227,103
337,912 Schlumberger NV 17,584,940
      94,940,321
  Equity Real Estate Investment Trusts (REITs) - 1.7%
108,149 AvalonBay Communities, Inc. REIT 20,247,656
188,295 Prologis, Inc. REIT 25,099,723
      45,347,379
  Financial Services - 5.7%
167,711 American Express Co. 31,418,979
364,329 Charles Schwab Corp. 25,065,835
136,040 Mastercard, Inc. Class A 58,022,421
434,429 Morgan Stanley 40,510,504
      155,017,739
  Food, Beverage & Tobacco - 2.3%
129,386 Constellation Brands, Inc. Class A 31,279,066
535,502 Monster Beverage Corp.* 30,850,270
      62,129,336
  Health Care Equipment & Services - 5.2%
350,065 Abbott Laboratories 38,531,655
486,762 Boston Scientific Corp.* 28,139,711
143,289 UnitedHealth Group, Inc. 75,437,360
      142,108,726
  Household & Personal Products - 3.2%
201,339 Estee Lauder Cos., Inc. Class A 29,445,829
398,545 Procter & Gamble Co. 58,402,784
      87,848,613
  Insurance - 3.1%
256,051 Arch Capital Group Ltd.* 19,016,908
Shares or Principal Amount   Market Value†
COMMON STOCKS - 98.9% - (continued)
  Insurance - 3.1% - (continued)
  159,984 Chubb Ltd. $    36,156,384
  186,676 Progressive Corp.    29,733,753
      84,907,045
  Materials - 1.5%
   32,881 Linde PLC     13,504,556
  178,840 PPG Industries, Inc.    26,745,522
      40,250,078
  Media & Entertainment - 9.0%
964,627 Alphabet, Inc. Class A* 134,748,745
220,381 Meta Platforms, Inc. Class A* 78,006,059
65,575 Netflix, Inc.* 31,927,156
      244,681,960
  Pharmaceuticals, Biotechnology & Life Sciences - 9.4%
129,961 Danaher Corp. 30,065,178
99,871 Eli Lilly & Co. 58,216,803
437,004 Merck & Co., Inc. 47,642,176
25,846 Regeneron Pharmaceuticals, Inc.* 22,700,283
64,032 Thermo Fisher Scientific, Inc. 33,987,545
77,045 Vertex Pharmaceuticals, Inc.* 31,348,840
157,812 Zoetis, Inc. 31,147,355
      255,108,180
  Semiconductors & Semiconductor Equipment - 8.0%
49,587 Broadcom, Inc. 55,351,489
50,280 KLA Corp. 29,227,764
201,611 NVIDIA Corp. 99,841,799
202,302 Texas Instruments, Inc. 34,484,399
      218,905,451
  Software & Services - 11.7%
84,996 Accenture PLC Class A 29,825,946
530,228 Microsoft Corp. 199,386,937
44,619 Roper Technologies, Inc. 24,324,940
142,575 Salesforce, Inc.* 37,517,186
102,901 Workday, Inc. Class A* 28,406,850
      319,461,859
  Technology Hardware & Equipment - 8.5%
844,460 Apple, Inc. 162,583,884
138,917 CDW Corp. 31,578,612
114,679 Motorola Solutions, Inc. 35,904,848
      230,067,344
  Utilities - 3.2%
402,582 American Electric Power Co., Inc. 32,697,710
314,043 Duke Energy Corp. 30,474,733
246,292 Eversource Energy 15,201,142
463,466 PG&E Corp. 8,356,292
      86,729,877
  Total Common Stocks
(cost $1,683,939,592)
  $ 2,689,531,417
CONVERTIBLE PREFERRED STOCKS - 0.2%
  Software & Services - 0.2%
1,871,878 Essence Group Holdings Corp. Series 3*(1)(2)(3) $ 3,294,505
287,204 Lookout, Inc. Series F*(1)(2)(3) 2,630,789
  Total Convertible Preferred Stocks
(cost $6,240,761)
  $  5,925,294
  Total Long-Term Investments
(cost $1,690,180,353)
  $ 2,695,456,711
 
The accompanying notes are an integral part of these financial statements.

57


Hartford Disciplined Equity HLS Fund
Schedule of Investments – (continued)
December 31, 2023  

Shares or Principal Amount   Market Value†
SHORT-TERM INVESTMENTS - 0.1%
  Repurchase Agreements - 0.1%
$   2,337,621 Fixed Income Clearing Corp. Repurchase Agreement dated 12/29/2023 at 5.32%, due on 01/02/2024 with a maturity value of $2,339,003; collateralized by U.S. Treasury Inflation Index Note at 0.13%, maturing 07/15/2031, with a market value of $2,384,437 $     2,337,621
  Total Short-Term Investments
(cost $2,337,621)
$  2,337,621
  Total Investments
(cost $1,692,517,974)
99.2% $ 2,697,794,332
  Other Assets and Liabilities 0.8% 21,827,527
  Total Net Assets 100.0% $ 2,719,621,859
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) 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 $7,562,478 or 0.3% of net assets.
    
Period
Acquired
  Security Name   Shares/
Par Value
  Total Cost   Market Value
05/2014   Essence Group Holdings Corp. Series 3 Convertible Preferred   1,871,878   $ 2,960,001   $ 3,294,505
07/2014   Lookout, Inc. Series F Convertible Preferred   287,204   3,280,760   2,630,789
11/2013   Tory Burch LLC   38,805   3,041,403   1,637,184
            $ 9,282,164   $ 7,562,478
    
(2) Investment valued using significant unobservable inputs.
(3) Currently no rate available.
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 December 31, 2023 in valuing the Fund’s investments.
Description   Total   Level 1   Level 2   Level 3(1)
Assets                
Common Stocks                
Automobiles & Components   $  18,106,738   $  18,106,738   $  —   $  —
Banks   130,297,714   130,297,714    
Capital Goods   182,749,760   182,749,760    
Commercial & Professional Services   22,088,705   22,088,705    
Consumer Discretionary Distribution & Retail   194,744,092   193,106,908     1,637,184
Consumer Durables & Apparel   34,529,060   34,529,060    
Consumer Services   39,511,440   39,511,440    
Energy   94,940,321   94,940,321    
Equity Real Estate Investment Trusts (REITs)   45,347,379   45,347,379    
Financial Services   155,017,739   155,017,739    
Food, Beverage & Tobacco   62,129,336   62,129,336    
Health Care Equipment & Services   142,108,726   142,108,726    
Household & Personal Products   87,848,613   87,848,613    
Insurance   84,907,045   84,907,045    
Materials   40,250,078   40,250,078    
Media & Entertainment   244,681,960   244,681,960    
Pharmaceuticals, Biotechnology & Life Sciences   255,108,180   255,108,180    
Semiconductors & Semiconductor Equipment   218,905,451   218,905,451    
Software & Services   319,461,859   319,461,859    
Technology Hardware & Equipment   230,067,344   230,067,344    
Utilities   86,729,877   86,729,877    
Convertible Preferred Stocks   5,925,294       5,925,294
Short-Term Investments   2,337,621     2,337,621  
Total   $ 2,697,794,332   $ 2,687,894,233   $ 2,337,621   $ 7,562,478
    
(1) For the year ended December 31, 2023, there were no transfers in and out of 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 the year ended December 31, 2023 is not presented.
The accompanying notes are an integral part of these financial statements.

58


Hartford Dividend and Growth HLS Fund
Schedule of Investments
December 31, 2023  

Shares or Principal Amount   Market Value†
COMMON STOCKS - 98.3%
  Banks - 5.8%
 1,311,749 Bank of America Corp. $    44,166,589
   470,743 JP Morgan Chase & Co.     80,073,384
    99,899 PNC Financial Services Group, Inc.     15,469,360
 1,273,705 Wells Fargo & Co.    62,691,760
      202,401,093
  Capital Goods - 6.7%
206,767 Airbus SE 31,943,099
140,381 General Dynamics Corp. 36,452,734
657,726 Johnson Controls International PLC 37,911,327
78,985 Lockheed Martin Corp. 35,799,161
498,333 Otis Worldwide Corp. 44,585,854
362,458 Westinghouse Air Brake Technologies Corp. 45,995,920
      232,688,095
  Consumer Discretionary Distribution & Retail - 3.2%
106,794 Home Depot, Inc. 37,009,461
145,436 Lowe's Cos., Inc. 32,366,782
445,315 TJX Cos., Inc. 41,775,000
      111,151,243
  Consumer Staples Distribution & Retail - 1.1%
275,284 Sysco Corp. 20,131,519
102,620 Walmart, Inc. 16,178,043
      36,309,562
  Energy - 7.5%
409,081 Chevron Corp. 61,018,522
554,925 ConocoPhillips 64,410,145
274,929 Diamondback Energy, Inc. 42,635,989
894,103 TotalEnergies SE ADR 60,244,660
906,790 Williams Cos., Inc. 31,583,496
      259,892,812
  Equity Real Estate Investment Trusts (REITs) - 3.3%
255,766 American Tower Corp. REIT 55,214,764
1,159,325 Host Hotels & Resorts, Inc. REIT 22,572,058
122,825 Public Storage REIT 37,461,625
      115,248,447
  Financial Services - 7.5%
247,022 American Express Co. 46,277,102
40,370 BlackRock, Inc. 32,772,366
339,834 Charles Schwab Corp. 23,380,579
514,437 Morgan Stanley 47,971,250
116,764 S&P Global, Inc. 51,436,877
226,905 Visa, Inc. Class A 59,074,717
      260,912,891
  Food, Beverage & Tobacco - 3.5%
767,294 Keurig Dr Pepper, Inc. 25,566,236
298,783 Mondelez International, Inc. Class A 21,640,852
506,559 Philip Morris International, Inc. 47,657,071
503,176 Tyson Foods, Inc. Class A 27,045,710
      121,909,869
  Health Care Equipment & Services - 7.2%
165,989 Becton Dickinson & Co. 40,473,098
100,726 Elevance Health, Inc. 47,498,353
128,691 HCA Healthcare, Inc. 34,834,080
598,814 Medtronic PLC 49,330,297
147,930 UnitedHealth Group, Inc. 77,880,707
      250,016,535
  Household & Personal Products - 2.0%
943,100 Kenvue, Inc. 20,304,943
978,307 Unilever PLC ADR 47,428,323
      67,733,266
Shares or Principal Amount   Market Value†
COMMON STOCKS - 98.3% - (continued)
  Insurance - 3.4%
   560,443 American International Group, Inc. $    37,970,013
   149,608 Chubb Ltd.     33,811,408
   592,300 Principal Financial Group, Inc.    46,596,241
      118,377,662
  Materials - 4.7%
 2,704,120 Amcor PLC     26,067,717
633,789 BHP Group Ltd. ADR(1) 43,294,127
346,680 Celanese Corp. 53,863,672
631,131 FMC Corp. 39,792,809
      163,018,325
  Media & Entertainment - 8.3%
1,436,905 Alphabet, Inc. Class A* 200,721,259
1,283,236 Comcast Corp. Class A 56,269,899
97,305 Omnicom Group, Inc. 8,417,855
257,609 Walt Disney Co. 23,259,517
      288,668,530
  Pharmaceuticals, Biotechnology & Life Sciences - 7.5%
257,907 Agilent Technologies, Inc. 35,856,810
696,893 AstraZeneca PLC ADR 46,935,744
686,869 Bristol-Myers Squibb Co. 35,243,248
491,042 Merck & Co., Inc. 53,533,399
430,571 Novartis AG ADR 43,474,754
1,588,917 Pfizer, Inc. 45,744,920
      260,788,875
  Semiconductors & Semiconductor Equipment - 5.8%
29,320 Broadcom, Inc. 32,728,450
596,852 Intel Corp. 29,991,813
553,988 Micron Technology, Inc. 47,277,336
376,636 QUALCOMM, Inc. 54,472,865
214,636 Texas Instruments, Inc. 36,586,852
      201,057,316
  Software & Services - 9.1%
143,282 Accenture PLC Class A 50,279,087
837,887 Cognizant Technology Solutions Corp. Class A 63,285,605
531,486 Microsoft Corp. 199,859,995
      313,424,687
  Technology Hardware & Equipment - 4.7%
498,867 Apple, Inc. 96,046,864
1,283,397 Cisco Systems, Inc. 64,837,216
      160,884,080
  Telecommunication Services - 0.9%
805,550 Verizon Communications, Inc. 30,369,235
  Transportation - 0.8%
915,025 Southwest Airlines Co. 26,425,922
  Utilities - 5.3%
468,178 American Electric Power Co., Inc. 38,025,417
265,881 Constellation Energy Corp. 31,078,830
432,375 Duke Energy Corp. 41,957,670
797,652 Exelon Corp. 28,635,707
580,416 Sempra 43,374,488
      183,072,112
  Total Common Stocks
(cost $2,072,305,358)
  $ 3,404,350,557
 
The accompanying notes are an integral part of these financial statements.

59


Hartford Dividend and Growth HLS Fund
Schedule of Investments – (continued)
December 31, 2023  

Shares or Principal Amount   Market Value†
SHORT-TERM INVESTMENTS - 0.8%
  Repurchase Agreements - 0.3%
$   11,022,799 Fixed Income Clearing Corp. Repurchase Agreement dated 12/29/2023 at 5.32%, due on 01/02/2024 with a maturity value of $11,029,315; collateralized by U.S. Treasury Inflation Index Note at 0.13%, maturing 07/15/2031, with a market value of $11,243,339 $    11,022,799
  Securities Lending Collateral - 0.5%
 2,519,678 Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 5.25%(2)      2,519,678
 8,398,925 HSBC U.S. Government Money Market Fund, Institutional Class, 5.31%(2)      8,398,925
 2,673,802 Invesco Government & Agency Portfolio, Institutional Class, 5.28%(2)      2,673,802
 2,519,678 Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 5.27%(2)      2,519,678
      16,112,083
  Total Short-Term Investments
(cost $27,134,882)
$  27,134,882
  Total Investments
(cost $2,099,440,240)
99.1% $ 3,431,485,439
  Other Assets and Liabilities 0.9% 32,159,917
  Total Net Assets 100.0% $ 3,463,645,356
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 Hartford Funds Management Company, LLC 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) 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 December 31, 2023 in valuing the Fund’s investments.
Description   Total   Level 1   Level 2   Level 3(1)
Assets                
Common Stocks                
Banks   $  202,401,093   $  202,401,093   $  —   $ —
Capital Goods   232,688,095   200,744,996   31,943,099  
Consumer Discretionary Distribution & Retail   111,151,243   111,151,243    
Consumer Staples Distribution & Retail   36,309,562   36,309,562    
Energy   259,892,812   259,892,812    
Equity Real Estate Investment Trusts (REITs)   115,248,447   115,248,447    
Financial Services   260,912,891   260,912,891    
Food, Beverage & Tobacco   121,909,869   121,909,869    
Health Care Equipment & Services   250,016,535   250,016,535    
Household & Personal Products   67,733,266   67,733,266    
Insurance   118,377,662   118,377,662    
Materials   163,018,325   163,018,325    
Media & Entertainment   288,668,530   288,668,530    
Pharmaceuticals, Biotechnology & Life Sciences   260,788,875   260,788,875    
Semiconductors & Semiconductor Equipment   201,057,316   201,057,316    
Software & Services   313,424,687   313,424,687    
Technology Hardware & Equipment   160,884,080   160,884,080    
Telecommunication Services   30,369,235   30,369,235    
Transportation   26,425,922   26,425,922    
Utilities   183,072,112   183,072,112    
Short-Term Investments   27,134,882   16,112,083   11,022,799  
Total   $ 3,431,485,439   $ 3,388,519,541   $ 42,965,898   $ —
    
(1) For the year ended December 31, 2023, there were no transfers in and out of Level 3.
The accompanying notes are an integral part of these financial statements.

60


Hartford Healthcare HLS Fund
Schedule of Investments
December 31, 2023  

Shares or Principal Amount   Market Value
COMMON STOCKS - 98.8%
  Biotechnology - 17.7%
 22,144 Alkermes PLC* $     614,275
  4,692 Alnylam Pharmaceuticals, Inc.*      898,096
 10,562 Apellis Pharmaceuticals, Inc.*      632,241
  2,787 Argenx SE ADR*    1,060,258
  5,109 Ascendis Pharma AS ADR*(1)      643,479
  6,199 Biogen, Inc.*    1,604,115
4,972 Blueprint Medicines Corp.* 458,617
10,555 Bridgebio Pharma, Inc.* 426,105
14,251 Celldex Therapeutics, Inc.* 565,195
13,315 Crinetics Pharmaceuticals, Inc.* 473,748
11,780 Cytokinetics, Inc.* 983,512
9,770 Exact Sciences Corp.* 722,785
1,750 Genmab AS* 557,993
13,612 Genus PLC 376,507
9,510 Gilead Sciences, Inc. 770,405
8,697 Immunocore Holdings PLC ADR*(1) 594,179
2,050 Karuna Therapeutics, Inc.* 648,846
5,588 Legend Biotech Corp. ADR* 336,230
15,545 Merus NV* 427,488
4,091 Moderna, Inc.* 406,850
6,882 Morphic Holding, Inc.* 198,752
4,881 Prothena Corp. PLC* 177,376
8,883 PTC Therapeutics, Inc.* 244,815
1,752 Regeneron Pharmaceuticals, Inc.* 1,538,764
20,630 Revolution Medicines, Inc.* 591,668
13,995 Rocket Pharmaceuticals, Inc.* 419,430
24,674 Roivant Sciences Ltd.* 277,089
8,054 Sage Therapeutics, Inc.* 174,530
4,733 Sarepta Therapeutics, Inc.* 456,403
23,400 Sichuan Kelun-Biotech Biopharmaceutical Co. Ltd.* 307,955
18,320 Syndax Pharmaceuticals, Inc.* 395,895
7,716 Ultragenyx Pharmaceutical, Inc.* 368,979
4,126 United Therapeutics Corp.* 907,266
7,215 Vaxcyte, Inc.* 453,102
19,399 Veracyte, Inc.* 533,666
8,684 Vertex Pharmaceuticals, Inc.* 3,533,433
9,815 Xenon Pharmaceuticals, Inc.* 452,079
12,073 Zai Lab Ltd. ADR* 329,955
      24,562,081
  Environmental & Facilities Services - 0.5%
7,662 Veralto Corp. 630,276
  Health Care Distributors - 1.8%
12,230 Cencora, Inc. 2,511,797
  Health Care Equipment - 15.3%
22,016 Abbott Laboratories 2,423,301
4,759 Becton Dickinson & Co. 1,160,387
62,359 Boston Scientific Corp.* 3,604,974
18,672 Dexcom, Inc.* 2,317,008
5,617 DiaSorin SpA 578,909
30,312 Edwards Lifesciences Corp.* 2,311,290
15,100 Hologic, Inc.* 1,078,895
9,576 Inari Medical, Inc.* 621,674
1,175 Inspire Medical Systems, Inc.* 239,030
6,110 Insulet Corp.* 1,325,748
4,462 QuidelOrtho Corp.* 328,849
3,714 Shockwave Medical, Inc.* 707,740
7,417 Smith & Nephew PLC 101,888
11,952 Stryker Corp. 3,579,146
3,152 Teleflex, Inc. 785,920
      21,164,759
  Health Care Facilities - 4.5%
13,191 Acadia Healthcare Co., Inc.* 1,025,732
17,767 Encompass Health Corp. 1,185,415
Shares or Principal Amount   Market Value
COMMON STOCKS - 98.8% - (continued)
  Health Care Facilities - 4.5% - (continued)
 12,081 HCA Healthcare, Inc. $   3,270,085
 23,776 Surgery Partners, Inc.*     760,594
      6,241,826
  Health Care Services - 3.0%
  7,984 Addus HomeCare Corp.*      741,315
 43,152 agilon health, Inc.*      541,558
7,247 Guardant Health, Inc.* 196,031
6,442 Laboratory Corp. of America Holdings 1,464,202
22,270 Option Care Health, Inc.* 750,276
21,565 Privia Health Group, Inc.* 496,642
      4,190,024
  Health Care Technology - 0.6%
26,150 Evolent Health, Inc. Class A* 863,734
  Life Sciences Tools & Services - 12.6%
15,832 Agilent Technologies, Inc. 2,201,123
24,584 Avantor, Inc.* 561,253
6,716 Bio-Techne Corp. 518,206
22,693 Danaher Corp. 5,249,799
7,082 ICON PLC* 2,004,702
9,242 Illumina, Inc.* 1,286,856
4,870 Repligen Corp.* 875,626
1,344 Tecan Group AG 549,840
6,125 Thermo Fisher Scientific, Inc. 3,251,089
3,124 Waters Corp.* 1,028,514
      17,527,008
  Managed Health Care - 14.2%
42,417 Centene Corp.* 3,147,766
327,135 Hapvida Participacoes e Investimentos SA*(2) 299,459
6,871 Humana, Inc. 3,145,612
6,490 Molina Healthcare, Inc.* 2,344,902
20,268 UnitedHealth Group, Inc. 10,670,494
      19,608,233
  Pharmaceuticals - 28.6%
38,616 AstraZeneca PLC ADR 2,600,788
31,900 Chugai Pharmaceutical Co. Ltd. 1,205,128
61,335 Daiichi Sankyo Co. Ltd. 1,679,151
21,409 Eisai Co. Ltd. 1,065,979
57,814 Elanco Animal Health, Inc.* 861,429
21,350 Eli Lilly & Co. 12,445,342
41,786 GSK PLC 771,753
73,794 Merck & Co., Inc. 8,045,022
10,333 Novartis AG 1,043,741
18,000 Otsuka Holdings Co. Ltd. 673,146
145,962 Pfizer, Inc. 4,202,246
12,820 Structure Therapeutics, Inc. ADR* 522,543
7,550 UCB SA 658,146
24,428 Verona Pharma PLC ADR* 485,629
16,847 Zoetis, Inc. 3,325,092
      39,585,135
  Total Common Stocks
(cost $100,280,479)
  $ 136,884,873
RIGHTS - 0.0%
  Health Care Equipment - 0.0%
885 Abiomed, Inc. CVR*(3)(4) $  903
  Total Rights
(cost $903)
  $  903
  Total Long-Term Investments
(cost $100,281,382)
  $ 136,885,776
 
The accompanying notes are an integral part of these financial statements.

61


Hartford Healthcare HLS Fund
Schedule of Investments – (continued)
December 31, 2023  

Shares or Principal Amount   Market Value
SHORT-TERM INVESTMENTS - 0.7%
  Repurchase Agreements - 0.3%
$  345,839 Fixed Income Clearing Corp. Repurchase Agreement dated 12/29/2023 at 5.32%, due on 01/02/2024 with a maturity value of $346,043; collateralized by U.S. Treasury Inflation Index Note at 0.13%, maturing 07/15/2031, with a market value of $352,842 $     345,839
  Securities Lending Collateral - 0.4%
 94,711 Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 5.25%(5)       94,711
315,705 HSBC U.S. Government Money Market Fund, Institutional Class, 5.31%(5)      315,705
 94,712 Invesco Government & Agency Portfolio, Institutional Class, 5.28%(5)       94,712
 94,712 Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 5.27%(5)       94,712
      599,840
  Total Short-Term Investments
(cost $945,679)
$  945,679
  Total Investments
(cost $101,227,061)
99.5% $ 137,831,455
  Other Assets and Liabilities 0.5% 744,101
  Total Net Assets 100.0% $ 138,575,556
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 Hartford Funds Management Company, LLC 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 December 31, 2023, the aggregate value of this security was $299,459, representing 0.2% of net assets.
(3) Investment valued using significant unobservable inputs.
(4) Currently no expiration date available.
(5) 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 December 31, 2023 in valuing the Fund’s investments.
Description   Total   Level 1   Level 2   Level 3(1)
Assets                
Common Stocks                
Biotechnology   $  24,562,081   $  23,696,133   $  865,948   $  —
Environmental & Facilities Services   630,276   630,276    
Health Care Distributors   2,511,797   2,511,797    
Health Care Equipment   21,164,759   20,483,962   680,797  
Health Care Facilities   6,241,826   6,241,826    
Health Care Services   4,190,024   4,190,024    
Health Care Technology   863,734   863,734    
Life Sciences Tools & Services   17,527,008   16,977,168   549,840  
Managed Health Care   19,608,233   19,308,774   299,459  
Pharmaceuticals   39,585,135   32,488,091   7,097,044  
Rights   903       903
Short-Term Investments   945,679   599,840   345,839  
Total   $ 137,831,455   $ 127,991,625   $ 9,838,927   $ 903
    
(1) For the year ended December 31, 2023, there were no transfers in and out of 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 the year ended December 31, 2023 is not presented.
The accompanying notes are an integral part of these financial statements.

62


Hartford International Opportunities HLS Fund
Schedule of Investments
December 31, 2023  

Shares or Principal Amount   Market Value†
COMMON STOCKS - 97.3%
  Australia - 2.2%
   260,426 Rio Tinto PLC $  19,370,763
  Brazil - 1.5%
 1,020,448 Localiza Rent a Car SA  13,360,515
  Canada - 5.7%
   131,825 Cameco Corp.   5,683,682
   156,247 Canadian Pacific Kansas City Ltd.  12,362,504
635,206 Cenovus Energy, Inc. 10,584,769
4,109 Constellation Software, Inc. 10,187,672
83,352 RB Global, Inc. 5,577,768
41,321 TFI International, Inc. 5,620,691
      50,017,086
  China - 4.9%
214,500 BYD Co. Ltd. Class H 5,916,904
449,126 ENN Energy Holdings Ltd. 3,316,547
326,810 KE Holdings, Inc. ADR 5,297,590
601,538 Proya Cosmetics Co. Ltd. Class A 8,431,165
520,191 Tencent Holdings Ltd. 19,639,734
      42,601,940
  Denmark - 1.8%
147,464 Novo Nordisk AS Class B 15,281,865
  France - 12.5%
101,123 Airbus SE 15,622,328
446,089 AXA SA 14,567,681
205,153 BNP Paribas SA 14,246,985
255,688 Bureau Veritas SA 6,468,837
54,079 Capgemini SE 11,302,053
2,872 Hermes International SCA 6,104,478
20,389 L'Oreal SA 10,163,928
6,870 LVMH Moet Hennessy Louis Vuitton SE 5,582,128
50,982 Pernod Ricard SA 9,009,631
250,059 Renault SA 10,227,395
351,434 Vallourec SACA* 5,458,853
      108,754,297
  Germany - 10.6%
61,688 adidas AG 12,535,414
434,444 Deutsche Telekom AG 10,445,470
366,557 Infineon Technologies AG 15,308,379
52,902 Merck KGaA 8,422,762
305,472 RWE AG 13,902,917
87,183 SAP SE 13,419,341
99,456 Siemens AG 18,658,869
      92,693,152
  Hong Kong - 1.3%
187,700 Hong Kong Exchanges & Clearing Ltd. 6,438,159
410,496 Prudential PLC 4,631,497
      11,069,656
  India - 3.7%
847,908 Axis Bank Ltd. 11,221,528
259,924 Larsen & Toubro Ltd. 11,007,222
319,021 Reliance Industries Ltd. 9,901,756
      32,130,506
  Indonesia - 0.9%
12,242,600 Bank Central Asia Tbk. PT 7,476,551
  Italy - 1.7%
21,040 Ferrari NV 7,103,241
294,250 UniCredit SpA 8,012,337
      15,115,578
Shares or Principal Amount   Market Value†
COMMON STOCKS - 97.3% - (continued)
  Japan - 12.6%
   309,400 Bandai Namco Holdings, Inc. $   6,187,452
   265,500 Dai-ichi Life Holdings, Inc.   5,632,030
    39,700 Fast Retailing Co. Ltd.   9,816,968
    33,400 Hoya Corp.   4,159,607
   245,300 ITOCHU Corp.   9,993,484
    32,322 Keyence Corp.  14,200,873
1,690,100 Mitsubishi UFJ Financial Group, Inc. 14,504,655
152,100 Oriental Land Co. Ltd. 5,653,297
217,400 Recruit Holdings Co. Ltd. 9,089,737
219,300 Sony Group Corp. 20,752,984
600,399 T&D Holdings, Inc. 9,531,606
      109,522,693
  Jersey - 0.4%
410,017 Arcadium Lithium PLC CDI* 3,132,142
  Netherlands - 6.2%
26,833 ASML Holding NV 20,255,896
600,842 Shell PLC 19,769,669
98,760 Wolters Kluwer NV 14,050,534
      54,076,099
  South Africa - 1.2%
426,107 Anglo American PLC 10,664,052
  South Korea - 3.1%
449,495 Samsung Electronics Co. Ltd. 27,282,905
  Spain - 1.2%
814,955 Iberdrola SA 10,689,587
  Switzerland - 5.4%
141,678 Alcon, Inc. 11,084,315
233,582 Novartis AG 23,594,232
8,768 Partners Group Holding AG 12,678,089
      47,356,636
  Taiwan - 3.3%
1,518,806 Taiwan Semiconductor Manufacturing Co. Ltd. 29,117,847
  Thailand - 1.3%
2,914,973 Kasikornbank PCL 11,529,227
  United Kingdom - 11.5%
152,194 AstraZeneca PLC 20,529,425
1,129,782 BAE Systems PLC 15,992,053
2,089,380 HSBC Holdings PLC 16,903,000
140,816 London Stock Exchange Group PLC 16,646,074
185,706 Reckitt Benckiser Group PLC 12,814,347
357,356 Unilever PLC 17,299,956
      100,184,855
  United States - 4.3%
18,870 ARM Holdings PLC ADR*(1) 1,417,986
139,788 CRH PLC 9,620,109
29,766 CyberArk Software Ltd.* 6,520,242
25,435 Linde PLC 10,346,970
542,379 Tenaris SA 9,433,688
      37,338,995
  Total Common Stocks
(cost $692,381,530)
  $ 848,766,947
 
The accompanying notes are an integral part of these financial statements.

63


Hartford International Opportunities HLS Fund
Schedule of Investments – (continued)
December 31, 2023  

Shares or Principal Amount   Market Value†
PREFERRED STOCKS - 1.6%
  Brazil - 1.6%
 4,042,700 Banco Bradesco SA (Preference Shares)(2) $  14,097,658
  Total Preferred Stocks
(cost $11,727,947)
  $  14,097,658
RIGHTS - 0.0%
  Brazil - 0.0%
     3,661 Localiza Rent a Car SA Expires 02/05/2024* $      15,073
  Total Rights
(cost $—)
  $  15,073
WARRANTS - 0.0%
  Canada - 0.0%
5,095 Constellation Software, Inc. Expires 03/31/2040*(3) $  —
  Total Warrants
(cost $—)
  $  —
  Total Long-Term Investments
(cost $704,109,477)
  $ 862,879,678
SHORT-TERM INVESTMENTS - 0.4%
  Repurchase Agreements - 0.2%
$   1,934,551 Fixed Income Clearing Corp. Repurchase Agreement dated 12/29/2023 at 5.32%, due on 01/02/2024 with a maturity value of $1,935,695; collateralized by U.S. Treasury Bond at 4.38%, maturing 05/15/2040, with a market value of $1,973,324 $  1,934,551
  Securities Lending Collateral - 0.2%
222,069 Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 5.25%(4) 222,069
740,229 HSBC U.S. Government Money Market Fund, Institutional Class, 5.31%(4) 740,229
222,069 Invesco Government & Agency Portfolio, Institutional Class, 5.28%(4) 222,069
222,069 Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 5.27%(4) 222,069
      1,406,436
  Total Short-Term Investments
(cost $3,340,987)
$  3,340,987
  Total Investments
(cost $707,450,464)
99.3% $ 866,220,665
  Other Assets and Liabilities 0.7% 6,103,267
  Total Net Assets 100.0% $ 872,323,932
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 Hartford Funds Management Company, LLC 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) Currently no rate available.
(3) Investment valued using significant unobservable inputs.
(4) 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.

64


Hartford International Opportunities HLS Fund
Schedule of Investments – (continued)
December 31, 2023  

Fair Value Summary
The following is a summary of the fair valuations according to the inputs used as of December 31, 2023 in valuing the Fund’s investments.
Description   Total   Level 1   Level 2   Level 3(1)
Assets                
Common Stocks                
Australia   $  19,370,763   $  —   $  19,370,763   $ —
Brazil   13,360,515     13,360,515  
Canada   50,017,086   50,017,086    
China   42,601,940   5,297,590   37,304,350  
Denmark   15,281,865     15,281,865  
France   108,754,297     108,754,297  
Germany   92,693,152     92,693,152  
Hong Kong   11,069,656     11,069,656  
India   32,130,506     32,130,506  
Indonesia   7,476,551     7,476,551  
Italy   15,115,578     15,115,578  
Japan   109,522,693     109,522,693  
Jersey   3,132,142   3,132,142    
Netherlands   54,076,099     54,076,099  
South Africa   10,664,052     10,664,052  
South Korea   27,282,905     27,282,905  
Spain   10,689,587     10,689,587  
Switzerland   47,356,636     47,356,636  
Taiwan   29,117,847     29,117,847  
Thailand   11,529,227   11,529,227    
United Kingdom   100,184,855   15,992,053   84,192,802  
United States   37,338,995   7,938,228   29,400,767  
Preferred Stocks   14,097,658     14,097,658  
Rights   15,073   15,073    
Warrants        
Short-Term Investments   3,340,987   1,406,436   1,934,551  
Total   $ 866,220,665   $ 95,327,835   $ 770,892,830   $ —
    
(1) For the year ended December 31, 2023, there were no transfers in and out of 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 the year ended December 31, 2023 is not presented.
The accompanying notes are an integral part of these financial statements.

65


Hartford MidCap HLS Fund
Schedule of Investments
December 31, 2023  

Shares or Principal Amount   Market Value†
COMMON STOCKS - 99.6%
  Automobiles & Components - 1.5%
116,012 BorgWarner, Inc. $     4,159,030
 95,531 Visteon Corp.*    11,931,822
      16,090,852
  Banks - 0.5%
 37,270 M&T Bank Corp.     5,108,972
  Capital Goods - 12.4%
8,598 Acuity Brands, Inc. 1,761,128
71,794 Axon Enterprise, Inc.* 18,546,544
52,924 Builders FirstSource, Inc.* 8,835,133
157,345 Fortive Corp. 11,585,312
161,731 Graco, Inc. 14,031,782
56,166 IDEX Corp. 12,194,200
140,644 Ingersoll Rand, Inc. 10,877,407
45,725 Lennox International, Inc. 20,462,852
44,732 Lincoln Electric Holdings, Inc. 9,727,421
30,943 Watsco, Inc. 13,258,147
119,457 Westinghouse Air Brake Technologies Corp. 15,159,093
      136,439,019
  Commercial & Professional Services - 3.1%
173,522 Ceridian HCM Holding, Inc.* 11,646,797
358,473 Genpact Ltd. 12,442,598
80,681 Robert Half, Inc. 7,093,473
42,135 TransUnion 2,895,096
      34,077,964
  Consumer Discretionary Distribution & Retail - 3.6%
169,974 CarMax, Inc.* 13,043,805
247,127 Chewy, Inc. Class A* 5,839,611
70,403 Floor & Decor Holdings, Inc. Class A* 7,854,159
345,716 Valvoline, Inc.* 12,992,007
      39,729,582
  Consumer Durables & Apparel - 3.6%
23,308 Deckers Outdoor Corp.* 15,579,767
3,436 NVR, Inc.* 24,053,546
      39,633,313
  Consumer Services - 3.7%
91,759 Choice Hotels International, Inc. 10,396,295
509,214 DraftKings, Inc. Class A* 17,949,793
91,719 Hyatt Hotels Corp. Class A 11,961,075
      40,307,163
  Consumer Staples Distribution & Retail - 0.7%
109,828 BJ's Wholesale Club Holdings, Inc.* 7,321,134
  Energy - 4.3%
354,648 Coterra Energy, Inc. 9,050,617
438,461 Marathon Oil Corp. 10,593,218
221,486 Ovintiv, Inc. 9,727,665
210,633 Targa Resources Corp. 18,297,689
      47,669,189
  Equity Real Estate Investment Trusts (REITs) - 1.3%
88,572 Lamar Advertising Co. Class A, REIT 9,413,432
82,343 Rexford Industrial Realty, Inc. REIT 4,619,442
      14,032,874
  Financial Services - 8.7%
34,413 Credit Acceptance Corp.*(1) 18,332,837
75,970 Hamilton Lane, Inc. Class A 8,618,037
5,409 Morningstar, Inc. 1,548,272
537,157 Nuvei Corp. 14,105,743
247,125 Shift4 Payments, Inc. Class A* 18,371,273
Shares or Principal Amount   Market Value†
COMMON STOCKS - 99.6% - (continued)
  Financial Services - 8.7% - (continued)
154,007 Tradeweb Markets, Inc. Class A $    13,996,156
108,733 WEX, Inc.*    21,154,005
      96,126,323
  Food, Beverage & Tobacco - 0.8%
 99,720 Post Holdings, Inc.*     8,781,343
  Health Care Equipment & Services - 7.1%
113,968 Acadia Healthcare Co., Inc.* 8,862,152
798,307 agilon health, Inc.* 10,018,753
296,691 Inari Medical, Inc.* 19,261,180
34,496 Molina Healthcare, Inc.* 12,463,750
63,824 Shockwave Medical, Inc.* 12,162,301
78,424 Veeva Systems, Inc. Class A* 15,098,188
      77,866,324
  Insurance - 2.4%
12,418 Markel Group, Inc.* 17,632,318
70,969 W R Berkley Corp. 5,018,928
2,557 White Mountains Insurance Group Ltd. 3,848,310
      26,499,556
  Materials - 2.4%
86,849 Ball Corp. 4,995,554
35,401 Celanese Corp. 5,500,253
231,506 Element Solutions, Inc. 5,357,049
217,081 Graphic Packaging Holding Co. 5,351,047
117,906 Silgan Holdings, Inc. 5,335,247
      26,539,150
  Media & Entertainment - 1.7%
13,334 Cable One, Inc. 7,421,571
184,419 Pinterest, Inc. Class A* 6,830,880
50,577 Roku, Inc.* 4,635,888
      18,888,339
  Pharmaceuticals, Biotechnology & Life Sciences - 14.3%
51,838 Alnylam Pharmaceuticals, Inc.* 9,922,312
357,465 Apellis Pharmaceuticals, Inc.* 21,397,855
148,170 Bio-Techne Corp. 11,432,797
243,550 Exact Sciences Corp.* 18,017,829
45,534 ICON PLC* 12,889,309
89,456 Jazz Pharmaceuticals PLC* 11,003,088
3,414 Mettler-Toledo International, Inc.* 4,141,046
105,210 Neurocrine Biosciences, Inc.* 13,862,470
377,541 PTC Therapeutics, Inc.* 10,405,030
50,494 Repligen Corp.* 9,078,821
106,810 Sarepta Therapeutics, Inc.* 10,299,688
229,621 Ultragenyx Pharmaceutical, Inc.* 10,980,476
65,836 United Therapeutics Corp.* 14,476,678
      157,907,399
  Semiconductors & Semiconductor Equipment - 4.4%
31,931 First Solar, Inc.* 5,501,073
48,090 Lattice Semiconductor Corp.* 3,317,729
99,822 MKS Instruments, Inc. 10,268,689
23,817 Monolithic Power Systems, Inc. 15,023,287
34,507 Onto Innovation, Inc.* 5,276,121
99,137 Rambus, Inc.* 6,766,100
21,718 Silicon Laboratories, Inc.* 2,872,640
      49,025,639
  Software & Services - 15.6%
37,814 ANSYS, Inc.* 13,721,944
48,837 CyberArk Software Ltd.* 10,697,745
189,544 Datadog, Inc. Class A* 23,006,851
358,345 Dynatrace, Inc.* 19,597,888
19,276 Fair Isaac Corp.* 22,437,457
 
The accompanying notes are an integral part of these financial statements.

66


Hartford MidCap HLS Fund
Schedule of Investments – (continued)
December 31, 2023  

Shares or Principal Amount   Market Value†
COMMON STOCKS - 99.6% - (continued)
  Software & Services - 15.6% - (continued)
 38,777 HubSpot, Inc.* $    22,511,599
564,354 Informatica, Inc. Class A*     16,022,010
 48,300 MongoDB, Inc.*     19,747,455
 50,728 PTC, Inc.*      8,875,371
 87,869 Unity Software, Inc.*      3,592,963
 58,884 VeriSign, Inc.*    12,127,749
      172,339,032
  Technology Hardware & Equipment - 1.8%
39,092 CDW Corp. 8,886,393
31,996 F5, Inc.* 5,726,644
179,132 Flex Ltd.* 5,456,361
      20,069,398
  Transportation - 4.9%
130,777 Expeditors International of Washington, Inc. 16,634,835
63,615 JB Hunt Transport Services, Inc. 12,706,460
149,034 Knight-Swift Transportation Holdings, Inc. 8,591,810
220,857 U-Haul Holding Co. 15,557,167
      53,490,272
  Utilities - 0.8%
41,678 Atmos Energy Corp. 4,830,480
162,598 NiSource, Inc. 4,316,977
      9,147,457
  Total Common Stocks
(cost $806,609,255)
  $ 1,097,090,294
SHORT-TERM INVESTMENTS - 0.0%
  Repurchase Agreements - 0.0%
$   40,384 Fixed Income Clearing Corp. Repurchase Agreement dated 12/29/2023 at 5.32%, due on 01/02/2024 with a maturity value of $40,408; collateralized by U.S. Treasury Inflation Index Note at 0.13%, maturing 07/15/2031, with a market value of $41,239 $  40,384
  Securities Lending Collateral - 0.0%
16,350 Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 5.25%(2) 16,350
54,500 HSBC U.S. Government Money Market Fund, Institutional Class, 5.31%(2) 54,500
Shares or Principal Amount   Market Value†
SHORT-TERM INVESTMENTS - 0.0% - (continued)
  Securities Lending Collateral - 0.0% - (continued)
 16,350 Invesco Government & Agency Portfolio, Institutional Class, 5.28%(2) $        16,350
 16,350 Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 5.27%(2)         16,350
      103,550
  Total Short-Term Investments
(cost $143,934)
$  143,934
  Total Investments
(cost $806,753,189)
99.6% $ 1,097,234,228
  Other Assets and Liabilities 0.4% 3,921,762
  Total Net Assets 100.0% $ 1,101,155,990
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 Hartford Funds Management Company, LLC 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) 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.

67


Hartford MidCap HLS Fund
Schedule of Investments – (continued)
December 31, 2023  

Fair Value Summary
The following is a summary of the fair valuations according to the inputs used as of December 31, 2023 in valuing the Fund’s investments.
Description   Total   Level 1   Level 2   Level 3(1)
Assets                
Common Stocks                
Automobiles & Components   $  16,090,852   $  16,090,852   $  —   $ —
Banks   5,108,972   5,108,972    
Capital Goods   136,439,019   136,439,019    
Commercial & Professional Services   34,077,964   34,077,964    
Consumer Discretionary Distribution & Retail   39,729,582   39,729,582    
Consumer Durables & Apparel   39,633,313   39,633,313    
Consumer Services   40,307,163   40,307,163    
Consumer Staples Distribution & Retail   7,321,134   7,321,134    
Energy   47,669,189   47,669,189    
Equity Real Estate Investment Trusts (REITs)   14,032,874   14,032,874    
Financial Services   96,126,323   96,126,323    
Food, Beverage & Tobacco   8,781,343   8,781,343    
Health Care Equipment & Services   77,866,324   77,866,324    
Insurance   26,499,556   26,499,556    
Materials   26,539,150   26,539,150    
Media & Entertainment   18,888,339   18,888,339    
Pharmaceuticals, Biotechnology & Life Sciences   157,907,399   157,907,399    
Semiconductors & Semiconductor Equipment   49,025,639   49,025,639    
Software & Services   172,339,032   172,339,032    
Technology Hardware & Equipment   20,069,398   20,069,398    
Transportation   53,490,272   53,490,272    
Utilities   9,147,457   9,147,457    
Short-Term Investments   143,934   103,550   40,384  
Total   $ 1,097,234,228   $ 1,097,193,844   $ 40,384   $ —
    
(1) For the year ended December 31, 2023, there were no transfers in and out of Level 3.
The accompanying notes are an integral part of these financial statements.

68


Hartford Small Cap Growth HLS Fund
Schedule of Investments
December 31, 2023  

Shares or Principal Amount   Market Value†
COMMON STOCKS - 99.0%
  Automobiles & Components - 1.6%
   27,487 Patrick Industries, Inc. $   2,758,321
   77,907 Visteon Corp.*   9,730,584
      12,488,905
  Banks - 1.2%
  113,830 Synovus Financial Corp.    4,285,699
   63,728 Triumph Financial, Inc.*   5,109,711
      9,395,410
  Capital Goods - 14.5%
63,231 Applied Industrial Technologies, Inc. 10,919,361
182,906 AZEK Co., Inc.* 6,996,154
46,388 Boise Cascade Co. 6,000,752
55,781 Chart Industries, Inc.* 7,604,624
33,265 Comfort Systems USA, Inc. 6,841,613
26,448 Curtiss-Wright Corp. 5,892,350
207,851 Fluor Corp.* 8,141,524
200,736 FTAI Aviation Ltd. 9,314,150
14,493 Herc Holdings, Inc. 2,157,863
720,684 Hillman Solutions Corp.* 6,637,500
34,636 ITT, Inc. 4,132,767
75,327 John Bean Technologies Corp. 7,491,270
133,949 Rush Enterprises, Inc. Class A 6,737,635
311,607 Shoals Technologies Group, Inc. Class A* 4,842,373
84,002 SPX Technologies, Inc.* 8,485,042
79,037 WillScot Mobile Mini Holdings Corp.* 3,517,146
163,153 Zurn Elkay Water Solutions Corp. Class C 4,798,330
      110,510,454
  Commercial & Professional Services - 5.7%
17,239 CACI International, Inc. Class A* 5,583,022
56,234 Casella Waste Systems, Inc. Class A* 4,805,758
50,630 Ceridian HCM Holding, Inc.* 3,398,286
34,514 Clean Harbors, Inc.* 6,023,038
129,192 ExlService Holdings, Inc.* 3,985,573
24,582 Insperity, Inc. 2,881,502
56,408 KBR, Inc. 3,125,567
26,198 TriNet Group, Inc.* 3,115,728
444,566 Verra Mobility Corp.* 10,238,355
      43,156,829
  Consumer Discretionary Distribution & Retail - 2.5%
65,176 Boot Barn Holdings, Inc.* 5,002,910
23,520 Burlington Stores, Inc.* 4,574,169
188,682 Chewy, Inc. Class A* 4,458,556
64,119 Etsy, Inc.* 5,196,845
      19,232,480
  Consumer Durables & Apparel - 3.9%
67,017 Century Communities, Inc. 6,107,929
33,246 Crocs, Inc.* 3,105,509
21,454 PVH Corp. 2,619,963
124,504 SharkNinja, Inc. 6,370,870
261,981 VF Corp. 4,925,243
122,730 YETI Holdings, Inc.* 6,354,959
      29,484,473
  Consumer Services - 4.1%
26,370 Duolingo, Inc.* 5,982,034
314,462 European Wax Center, Inc. Class A* 4,273,539
53,177 Texas Roadhouse, Inc. 6,499,825
24,350 Wingstop, Inc. 6,247,723
102,166 Wyndham Hotels & Resorts, Inc. 8,215,168
      31,218,289
  Energy - 4.4%
88,903 Cactus, Inc. Class A 4,036,196
30,622 Chord Energy Corp. 5,090,295
30,913 Gulfport Energy Corp.* 4,117,612
125,086 Helmerich & Payne, Inc. 4,530,615
Shares or Principal Amount   Market Value†
COMMON STOCKS - 99.0% - (continued)
  Energy - 4.4% - (continued)
  256,942 Magnolia Oil & Gas Corp. Class A $   5,470,295
  124,667 SM Energy Co.    4,827,106
   52,844 Weatherford International PLC*   5,169,729
      33,241,848
  Equity Real Estate Investment Trusts (REITs) - 1.6%
  190,214 Phillips Edison & Co., Inc. REIT    6,939,007
49,986 Ryman Hospitality Properties, Inc. REIT 5,501,459
      12,440,466
  Financial Services - 4.4%
357,137 MGIC Investment Corp. 6,889,173
240,277 Remitly Global, Inc.* 4,666,179
28,118 Shift4 Payments, Inc. Class A* 2,090,292
176,224 StepStone Group, Inc. Class A 5,609,210
110,903 Stifel Financial Corp. 7,668,943
33,726 WEX, Inc.* 6,561,393
      33,485,190
  Food, Beverage & Tobacco - 1.5%
12,676 Boston Beer Co., Inc. Class A* 4,380,699
81,470 Freshpet, Inc.* 7,068,337
      11,449,036
  Health Care Equipment & Services - 9.7%
108,130 AtriCure, Inc.* 3,859,160
120,074 Encompass Health Corp. 8,011,337
93,256 Ensign Group, Inc. 10,464,256
88,284 Haemonetics Corp.* 7,549,165
98,975 HealthEquity, Inc.* 6,562,043
80,035 Inari Medical, Inc.* 5,195,872
22,491 Inspire Medical Systems, Inc.* 4,575,344
52,947 iRhythm Technologies, Inc.* 5,667,447
59,705 Lantheus Holdings, Inc.* 3,701,710
213,123 Option Care Health, Inc.* 7,180,114
97,157 Owens & Minor, Inc.* 1,872,215
45,467 QuidelOrtho Corp.* 3,350,918
166,777 RadNet, Inc.* 5,798,836
      73,788,417
  Household & Personal Products - 1.5%
80,352 elf Beauty, Inc.* 11,598,008
  Insurance - 0.6%
42,521 Selective Insurance Group, Inc. 4,229,989
  Materials - 4.3%
200,100 Axalta Coating Systems Ltd.* 6,797,397
123,102 Cabot Corp. 10,279,017
47,771 FMC Corp. 3,011,962
367,430 Livent Corp.*(1) 6,606,391
88,146 Louisiana-Pacific Corp. 6,243,381
      32,938,148
  Media & Entertainment - 1.5%
131,626 Bumble, Inc. Class A* 1,940,167
444,654 Eventbrite, Inc. Class A* 3,717,308
325,962 ZoomInfo Technologies, Inc.* 6,027,037
      11,684,512
  Pharmaceuticals, Biotechnology & Life Sciences - 12.7%
86,153 Akero Therapeutics, Inc.* 2,011,673
234,945 Alkermes PLC* 6,517,374
260,176 Amicus Therapeutics, Inc.* 3,691,897
50,050 Apogee Therapeutics, Inc.*(1) 1,398,397
72,130 Blueprint Medicines Corp.* 6,653,271
72,143 Bridgebio Pharma, Inc.* 2,912,413
99,523 Celldex Therapeutics, Inc.* 3,947,082
134,084 Crinetics Pharmaceuticals, Inc.* 4,770,709
291,419 Cytek Biosciences, Inc.* 2,657,741
92,134 Cytokinetics, Inc.* 7,692,268
 
The accompanying notes are an integral part of these financial statements.

69


Hartford Small Cap Growth HLS Fund
Schedule of Investments – (continued)
December 31, 2023  

Shares or Principal Amount   Market Value†
COMMON STOCKS - 99.0% - (continued)
  Pharmaceuticals, Biotechnology & Life Sciences - 12.7% -
(continued)
  127,191 Denali Therapeutics, Inc.* $   2,729,519
  888,166 Geron Corp.*(1)    1,874,030
   41,914 Intellia Therapeutics, Inc.*    1,277,958
  103,096 Intra-Cellular Therapies, Inc.*    7,383,735
   59,680 Ionis Pharmaceuticals, Inc.*    3,019,211
   68,487 Kymera Therapeutics, Inc.*    1,743,679
28,908 MoonLake Immunotherapeutics*(1) 1,745,754
66,591 Morphic Holding, Inc.* 1,923,148
49,262 Nuvalent, Inc. Class A* 3,625,191
51,235 Prothena Corp. PLC* 1,861,880
61,584 RayzeBio, Inc.* 3,828,677
172,750 Revolution Medicines, Inc.* 4,954,470
122,845 Rocket Pharmaceuticals, Inc.* 3,681,665
56,456 Sage Therapeutics, Inc.* 1,223,401
36,043 Structure Therapeutics, Inc. ADR* 1,469,113
54,019 Ultragenyx Pharmaceutical, Inc.* 2,583,189
103,828 Vaxcyte, Inc.* 6,520,398
107,225 Veracyte, Inc.* 2,949,760
      96,647,603
  Semiconductors & Semiconductor Equipment - 5.1%
28,986 Axcelis Technologies, Inc.* 3,759,194
49,418 Cirrus Logic, Inc.* 4,111,083
173,751 Credo Technology Group Holding Ltd.* 3,382,932
77,119 FormFactor, Inc.* 3,216,634
54,404 MKS Instruments, Inc. 5,596,540
43,976 Onto Innovation, Inc.* 6,723,930
80,943 Power Integrations, Inc. 6,646,230
83,627 Rambus, Inc.* 5,707,543
      39,144,086
  Software & Services - 13.8%
63,803 Agilysys, Inc.* 5,411,770
89,197 Alarm.com Holdings, Inc.* 5,763,910
83,706 Altair Engineering, Inc. Class A* 7,043,860
26,311 Appfolio, Inc. Class A* 4,558,118
105,471 Blackbaud, Inc.* 9,144,336
84,641 Braze, Inc. Class A* 4,496,976
287,544 CCC Intelligent Solutions Holdings, Inc.* 3,275,126
106,289 DoubleVerify Holdings, Inc.* 3,909,309
47,368 Five9, Inc.* 3,727,388
299,765 Grid Dynamics Holdings, Inc.* 3,995,867
51,275 Guidewire Software, Inc.* 5,591,026
130,828 Intapp, Inc.* 4,974,081
74,758 Perficient, Inc.* 4,920,572
219,077 PowerSchool Holdings, Inc. Class A* 5,161,454
41,065 Rapid7, Inc.* 2,344,812
206,984 Sprinklr, Inc. Class A* 2,492,087
99,055 Sprout Social, Inc. Class A* 6,085,939
31,850 SPS Commerce, Inc.* 6,173,804
207,189 Squarespace, Inc. Class A* 6,839,309
111,315 Varonis Systems, Inc.* 5,040,343
38,226 Workiva, Inc.* 3,881,086
      104,831,173
  Technology Hardware & Equipment - 4.4%
57,740 Fabrinet * 10,989,654
48,818 Insight Enterprises, Inc.* 8,650,061
12,383 Littelfuse, Inc. 3,313,196
39,844 Novanta, Inc.* 6,710,128
14,505 Super Micro Computer, Inc.* 4,123,191
      33,786,230
  Total Common Stocks
(cost $588,919,154)
  $ 754,751,546
Shares or Principal Amount   Market Value†
EXCHANGE-TRADED FUNDS - 0.5%
  Other Investment Pools & Funds - 0.5%
   13,827 iShares Russell 2000 Growth ETF $   3,487,446
  Total Exchange-Traded Funds
(cost $2,800,306)
  $  3,487,446
  Total Long-Term Investments
(cost $591,719,460)
  $ 758,238,992
SHORT-TERM INVESTMENTS - 0.9%
  Repurchase Agreements - 0.1%
$    803,940 Fixed Income Clearing Corp. Repurchase Agreement dated 12/29/2023 at 5.32%, due on 01/02/2024 with a maturity value of $804,415; collateralized by U.S. Treasury Inflation Index Note at 0.13%, maturing 07/15/2031, with a market value of $820,042 $     803,940
  Securities Lending Collateral - 0.8%
1,008,416 Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 5.25%(2)    1,008,416
3,361,387 HSBC U.S. Government Money Market Fund, Institutional Class, 5.31%(2) 3,361,387
1,008,416 Invesco Government & Agency Portfolio, Institutional Class, 5.28%(2) 1,008,416
1,008,416 Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 5.27%(2) 1,008,416
      6,386,635
  Total Short-Term Investments
(cost $7,190,575)
$  7,190,575
  Total Investments
(cost $598,910,035)
100.4% $ 765,429,567
  Other Assets and Liabilities (0.4)% (2,947,823)
  Total Net Assets 100.0% $ 762,481,744
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.

70


Hartford Small Cap Growth HLS Fund
Schedule of Investments – (continued)
December 31, 2023  

Fair Value Summary
The following is a summary of the fair valuations according to the inputs used as of December 31, 2023 in valuing the Fund’s investments.
Description   Total   Level 1   Level 2   Level 3(1)
Assets                
Common Stocks                
Automobiles & Components   $  12,488,905   $  12,488,905   $  —   $ —
Banks   9,395,410   9,395,410    
Capital Goods   110,510,454   110,510,454    
Commercial & Professional Services   43,156,829   43,156,829    
Consumer Discretionary Distribution & Retail   19,232,480   19,232,480    
Consumer Durables & Apparel   29,484,473   29,484,473    
Consumer Services   31,218,289   31,218,289    
Energy   33,241,848   33,241,848    
Equity Real Estate Investment Trusts (REITs)   12,440,466   12,440,466    
Financial Services   33,485,190   33,485,190    
Food, Beverage & Tobacco   11,449,036   11,449,036    
Health Care Equipment & Services   73,788,417   73,788,417    
Household & Personal Products   11,598,008   11,598,008    
Insurance   4,229,989   4,229,989    
Materials   32,938,148   32,938,148    
Media & Entertainment   11,684,512   11,684,512    
Pharmaceuticals, Biotechnology & Life Sciences   96,647,603   96,647,603    
Semiconductors & Semiconductor Equipment   39,144,086   39,144,086    
Software & Services   104,831,173   104,831,173    
Technology Hardware & Equipment   33,786,230   33,786,230    
Exchange-Traded Funds   3,487,446   3,487,446    
Short-Term Investments   7,190,575   6,386,635   803,940  
Total   $ 765,429,567   $ 764,625,627   $ 803,940   $ —
    
(1) For the year ended December 31, 2023, there were no transfers in and out of Level 3.
The accompanying notes are an integral part of these financial statements.

71


Hartford Small Company HLS Fund
Schedule of Investments
December 31, 2023  

Shares or Principal Amount   Market Value†
COMMON STOCKS - 99.5%
  Automobiles & Components - 0.9%
   29,804 Visteon Corp.* $   3,722,520
  Banks - 1.0%
  151,415 Cadence Bank   4,480,370
  Capital Goods - 15.8%
   17,326 Acuity Brands, Inc.    3,548,885
   97,756 Ameresco, Inc. Class A*    3,095,933
62,501 Applied Industrial Technologies, Inc. 10,793,298
224,873 AZEK Co., Inc.* 8,601,392
28,028 Comfort Systems USA, Inc. 5,764,519
31,836 Curtiss-Wright Corp. 7,092,742
238,396 Fluor Corp.* 9,337,971
26,745 Middleby Corp.* 3,936,062
101,695 Rush Enterprises, Inc. Class A 5,115,258
275,126 Shoals Technologies Group, Inc. Class A* 4,275,458
222,642 Zurn Elkay Water Solutions Corp. Class C 6,547,901
      68,109,419
  Commercial & Professional Services - 7.0%
142,812 Aris Water Solutions, Inc. Class A 1,198,193
54,385 Casella Waste Systems, Inc. Class A* 4,647,742
244,153 ExlService Holdings, Inc.* 7,532,120
53,719 TriNet Group, Inc.* 6,388,800
456,863 Verra Mobility Corp.* 10,521,555
      30,288,410
  Consumer Discretionary Distribution & Retail - 2.0%
37,993 Boot Barn Holdings, Inc.* 2,916,343
100,127 Global-e Online Ltd.* 3,968,033
43,094 Tory Burch LLC*(1)(2) 1,818,137
      8,702,513
  Consumer Durables & Apparel - 3.5%
44,085 Crocs, Inc.* 4,117,980
90,846 Skyline Champion Corp.* 6,746,224
84,875 YETI Holdings, Inc.* 4,394,827
      15,259,031
  Consumer Services - 6.4%
84,116 Boyd Gaming Corp. 5,266,503
17,338 Duolingo, Inc.* 3,933,125
150,547 European Wax Center, Inc. Class A* 2,045,934
109,507 H&R Block, Inc. 5,296,853
40,654 Wingstop, Inc. 10,431,003
101,681 WW International, Inc.* 889,709
      27,863,127
  Energy - 5.1%
125,958 Cactus, Inc. Class A 5,718,493
31,100 Chord Energy Corp. 5,169,753
87,195 Seadrill Ltd.* 4,122,580
220,806 Viper Energy, Inc. 6,928,892
      21,939,718
  Equity Real Estate Investment Trusts (REITs) - 3.0%
155,027 Phillips Edison & Co., Inc. REIT 5,655,385
67,215 Ryman Hospitality Properties, Inc. REIT 7,397,683
      13,053,068
  Financial Services - 2.4%
173,159 Hannon Armstrong Sustainable Infrastructure Capital, Inc. REIT 4,775,725
52,908 PJT Partners, Inc. Class A 5,389,738
      10,165,463
  Food, Beverage & Tobacco - 2.4%
124,077 Celsius Holdings, Inc.* 6,764,678
87,414 TreeHouse Foods, Inc.* 3,623,310
      10,387,988
Shares or Principal Amount   Market Value†
COMMON STOCKS - 99.5% - (continued)
  Health Care Equipment & Services - 10.3%
   52,921 Acadia Healthcare Co., Inc.* $   4,115,136
  149,588 Cross Country Healthcare, Inc.*    3,386,672
   59,593 Glaukos Corp.*    4,737,048
   73,665 Haemonetics Corp.*    6,299,094
   56,653 HealthEquity, Inc.*    3,756,094
   71,623 Inari Medical, Inc.*    4,649,765
24,646 Inspire Medical Systems, Inc.* 5,013,736
13,837 Lantheus Holdings, Inc.* 857,894
189,421 PROCEPT BioRobotics Corp.*(3) 7,938,634
19,353 Shockwave Medical, Inc.* 3,687,908
      44,441,981
  Household & Personal Products - 2.3%
68,968 elf Beauty, Inc.* 9,954,841
  Insurance - 1.0%
385,011 SiriusPoint Ltd.* 4,466,128
  Materials - 3.1%
111,349 Cabot Corp. 9,297,641
233,375 Livent Corp.*(3) 4,196,083
      13,493,724
  Media & Entertainment - 3.4%
134,752 Cargurus, Inc.* 3,255,608
125,955 Criteo SA ADR* 3,189,180
504,899 Eventbrite, Inc. Class A* 4,220,956
62,004 Ziff Davis, Inc.* 4,166,049
      14,831,793
  Pharmaceuticals, Biotechnology & Life Sciences - 12.6%
27,195 Akero Therapeutics, Inc.* 635,003
152,307 Amicus Therapeutics, Inc.* 2,161,236
43,047 Apellis Pharmaceuticals, Inc.* 2,576,793
9,645 Ascendis Pharma AS ADR* 1,214,788
35,907 Blueprint Medicines Corp.* 3,312,062
76,618 Celldex Therapeutics, Inc.* 3,038,670
82,854 Crinetics Pharmaceuticals, Inc.* 2,947,945
51,152 Cytokinetics, Inc.* 4,270,681
163,556 Immatics NV* 1,722,245
36,780 Immunocore Holdings PLC ADR* 2,512,810
62,743 ImmunoGen, Inc.* 1,860,330
42,255 Intellia Therapeutics, Inc.* 1,288,355
73,278 Intra-Cellular Therapies, Inc.* 5,248,170
40,351 Kymera Therapeutics, Inc.* 1,027,337
52,662 Merus NV* 1,448,205
36,891 Morphic Holding, Inc.* 1,065,412
26,650 Prothena Corp. PLC* 968,461
51,847 PTC Therapeutics, Inc.* 1,428,903
51,757 Revance Therapeutics, Inc.* 454,944
59,624 Revolution Medicines, Inc.* 1,710,016
138,276 Rocket Pharmaceuticals, Inc.* 4,144,132
27,592 Structure Therapeutics, Inc. ADR* 1,124,650
111,370 Syndax Pharmaceuticals, Inc.* 2,406,706
57,314 Vaxcyte, Inc.* 3,599,319
111,224 Verona Pharma PLC ADR* 2,211,133
      54,378,306
  Semiconductors & Semiconductor Equipment - 3.1%
32,058 MKS Instruments, Inc. 3,297,807
24,789 SiTime Corp.* 3,026,241
40,196 Synaptics, Inc.* 4,585,560
12,505 Universal Display Corp. 2,391,706
      13,301,314
  Software & Services - 10.8%
162,922 Clearwater Analytics Holdings, Inc. Class A* 3,263,328
27,920 CyberArk Software Ltd.* 6,115,876
192,242 DoubleVerify Holdings, Inc.* 7,070,661
69,391 Five9, Inc.* 5,460,378
 
The accompanying notes are an integral part of these financial statements.

72


Hartford Small Company HLS Fund
Schedule of Investments – (continued)
December 31, 2023  

Shares or Principal Amount   Market Value†
COMMON STOCKS - 99.5% - (continued)
  Software & Services - 10.8% - (continued)
   62,626 Intapp, Inc.* $   2,381,040
  251,884 Jamf Holding Corp.*    4,549,025
   19,464 Manhattan Associates, Inc.*    4,190,988
  294,896 PowerSchool Holdings, Inc. Class A*    6,947,750
   35,140 RingCentral, Inc. Class A*    1,193,003
   86,055 Sprout Social, Inc. Class A*   5,287,219
      46,459,268
  Technology Hardware & Equipment - 3.4%
139,576 Calix, Inc.* 6,098,076
35,868 ePlus, Inc.* 2,863,701
34,462 Novanta, Inc.* 5,803,745
      14,765,522
  Total Common Stocks
(cost $361,630,707)
  $ 430,064,504
EXCHANGE-TRADED FUNDS - 0.3%
  Other Investment Pools & Funds - 0.3%
5,371 iShares Russell 2000 Growth ETF $  1,354,674
  Total Exchange-Traded Funds
(cost $1,149,907)
  $  1,354,674
  Total Long-Term Investments
(cost $362,780,614)
  $ 431,419,178
SHORT-TERM INVESTMENTS - 0.6%
  Repurchase Agreements - 0.1%
$  169,619 Fixed Income Clearing Corp. Repurchase Agreement dated 12/29/2023 at 5.32%, due on 01/02/2024 with a maturity value of $169,719; collateralized by U.S. Treasury Inflation Index Note at 0.13%, maturing 07/15/2031, with a market value of $173,079 $  169,619
  Securities Lending Collateral - 0.5%
349,070 Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 5.25%(4) 349,070
1,163,567 HSBC U.S. Government Money Market Fund, Institutional Class, 5.31%(4) 1,163,567
349,070 Invesco Government & Agency Portfolio, Institutional Class, 5.28%(4) 349,070
349,069 Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 5.27%(4) 349,069
      2,210,776
  Total Short-Term Investments
(cost $2,380,395)
$  2,380,395
  Total Investments
(cost $365,161,009)
100.4% $ 433,799,573
  Other Assets and Liabilities (0.4)% (1,628,414)
  Total Net Assets 100.0% $ 432,171,159
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) 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 $1,818,137 or 0.4% of net assets.
    
Period
Acquired
  Security Name   Shares/
Par Value
  Total Cost   Market Value
11/2013   Tory Burch LLC   43,094   $ 3,377,559   $ 1,818,137
    
(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) 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.

73


Hartford Small Company HLS Fund
Schedule of Investments – (continued)
December 31, 2023  

Fair Value Summary
The following is a summary of the fair valuations according to the inputs used as of December 31, 2023 in valuing the Fund’s investments.
Description   Total   Level 1   Level 2   Level 3(1)
Assets                
Common Stocks                
Automobiles & Components   $  3,722,520   $  3,722,520   $  —   $  —
Banks   4,480,370   4,480,370    
Capital Goods   68,109,419   68,109,419    
Commercial & Professional Services   30,288,410   30,288,410    
Consumer Discretionary Distribution & Retail   8,702,513   6,884,376     1,818,137
Consumer Durables & Apparel   15,259,031   15,259,031    
Consumer Services   27,863,127   27,863,127    
Energy   21,939,718   21,939,718    
Equity Real Estate Investment Trusts (REITs)   13,053,068   13,053,068    
Financial Services   10,165,463   10,165,463    
Food, Beverage & Tobacco   10,387,988   10,387,988    
Health Care Equipment & Services   44,441,981   44,441,981    
Household & Personal Products   9,954,841   9,954,841    
Insurance   4,466,128   4,466,128    
Materials   13,493,724   13,493,724    
Media & Entertainment   14,831,793   14,831,793    
Pharmaceuticals, Biotechnology & Life Sciences   54,378,306   54,378,306    
Semiconductors & Semiconductor Equipment   13,301,314   13,301,314    
Software & Services   46,459,268   46,459,268    
Technology Hardware & Equipment   14,765,522   14,765,522    
Exchange-Traded Funds   1,354,674   1,354,674    
Short-Term Investments   2,380,395   2,210,776   169,619  
Total   $ 433,799,573   $ 431,811,817   $ 169,619   $ 1,818,137
    
(1) For the year ended December 31, 2023, there were no transfers in and out of 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 the year ended December 31, 2023 is not presented.
The accompanying notes are an integral part of these financial statements.

74


Hartford Stock HLS Fund
Schedule of Investments
December 31, 2023  

Shares or Principal Amount   Market Value†
COMMON STOCKS - 99.5%
  Banks - 1.1%
   94,403 PNC Financial Services Group, Inc. $    14,618,305
  Capital Goods - 12.6%
   33,450 Deere & Co.     13,375,652
  131,420 General Dynamics Corp.     34,125,831
  205,192 Honeywell International, Inc.     43,030,814
   43,029 Lockheed Martin Corp.     19,502,464
84,018 Northrop Grumman Corp. 39,332,187
225,792 RTX Corp. 18,998,139
      168,365,087
  Commercial & Professional Services - 1.8%
101,859 Automatic Data Processing, Inc. 23,730,091
  Consumer Discretionary Distribution & Retail - 4.9%
74,397 Home Depot, Inc. 25,782,280
419,177 TJX Cos., Inc. 39,322,995
      65,105,275
  Consumer Durables & Apparel - 2.8%
346,512 NIKE, Inc. Class B 37,620,808
  Consumer Services - 2.9%
132,553 McDonald's Corp. 39,303,290
  Consumer Staples Distribution & Retail - 2.4%
49,486 Costco Wholesale Corp. 32,664,719
  Equity Real Estate Investment Trusts (REITs) - 3.3%
112,771 American Tower Corp. REIT 24,345,003
64,825 Public Storage REIT 19,771,625
      44,116,628
  Financial Services - 8.7%
191,537 American Express Co. 35,882,542
88,053 Mastercard, Inc. Class A 37,555,485
162,512 Visa, Inc. Class A 42,309,999
      115,748,026
  Food, Beverage & Tobacco - 6.9%
487,181 Coca-Cola Co. 28,709,576
798,270 Diageo PLC 28,973,337
201,452 PepsiCo, Inc. 34,214,608
      91,897,521
  Health Care Equipment & Services - 11.5%
301,236 Abbott Laboratories 33,157,047
299,242 Medtronic PLC 24,651,556
156,503 Stryker Corp. 46,866,388
93,884 UnitedHealth Group, Inc. 49,427,109
      154,102,100
  Household & Personal Products - 5.5%
484,759 Colgate-Palmolive Co. 38,640,140
239,190 Procter & Gamble Co. 35,050,903
      73,691,043
  Insurance - 4.8%
124,238 Chubb Ltd. 28,077,788
193,917 Marsh & McLennan Cos., Inc. 36,741,454
      64,819,242
  Materials - 5.2%
149,214 Ecolab, Inc. 29,596,597
97,910 Linde PLC 40,212,616
      69,809,213
Shares or Principal Amount   Market Value†
COMMON STOCKS - 99.5% - (continued)
  Pharmaceuticals, Biotechnology & Life Sciences - 7.4%
  182,818 Danaher Corp. $    42,293,116
  195,378 Johnson & Johnson     30,623,548
  169,046 Merck & Co., Inc.     18,429,395
  260,683 Pfizer, Inc.     7,505,063
      98,851,122
  Semiconductors & Semiconductor Equipment - 2.4%
188,044 Texas Instruments, Inc. 32,053,980
  Software & Services - 8.5%
117,695 Accenture PLC Class A 41,300,352
24,041 Intuit, Inc. 15,026,346
153,813 Microsoft Corp. 57,839,841
      114,166,539
  Transportation - 6.8%
269,526 Canadian National Railway Co. 33,877,631
134,985 Union Pacific Corp. 33,155,016
156,250 United Parcel Service, Inc. Class B 24,567,187
      91,599,834
  Total Common Stocks
(cost $704,085,310)
  $ 1,332,262,823
SHORT-TERM INVESTMENTS - 0.2%
  Repurchase Agreements - 0.2%
$   2,928,065 Fixed Income Clearing Corp. Repurchase Agreement dated 12/29/2023 at 5.32%, due on 01/02/2024 with a maturity value of $2,929,796; collateralized by U.S. Treasury Inflation Index Note at 0.13%, maturing 07/15/2031, with a market value of $2,986,665 $  2,928,065
  Total Short-Term Investments
(cost $2,928,065)
$  2,928,065
  Total Investments
(cost $707,013,375)
99.7% $ 1,335,190,888
  Other Assets and Liabilities 0.3% 4,421,973
  Total Net Assets 100.0% $ 1,339,612,861
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 Hartford Funds Management Company, LLC 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.
The accompanying notes are an integral part of these financial statements.

75


Hartford Stock HLS Fund
Schedule of Investments – (continued)
December 31, 2023  

Fair Value Summary
The following is a summary of the fair valuations according to the inputs used as of December 31, 2023 in valuing the Fund’s investments.
Description   Total   Level 1   Level 2   Level 3(1)
Assets                
Common Stocks                
Banks   $  14,618,305   $  14,618,305   $  —   $ —
Capital Goods   168,365,087   168,365,087    
Commercial & Professional Services   23,730,091   23,730,091    
Consumer Discretionary Distribution & Retail   65,105,275   65,105,275    
Consumer Durables & Apparel   37,620,808   37,620,808    
Consumer Services   39,303,290   39,303,290    
Consumer Staples Distribution & Retail   32,664,719   32,664,719    
Equity Real Estate Investment Trusts (REITs)   44,116,628   44,116,628    
Financial Services   115,748,026   115,748,026    
Food, Beverage & Tobacco   91,897,521   62,924,184   28,973,337  
Health Care Equipment & Services   154,102,100   154,102,100    
Household & Personal Products   73,691,043   73,691,043    
Insurance   64,819,242   64,819,242    
Materials   69,809,213   69,809,213    
Pharmaceuticals, Biotechnology & Life Sciences   98,851,122   98,851,122    
Semiconductors & Semiconductor Equipment   32,053,980   32,053,980    
Software & Services   114,166,539   114,166,539    
Transportation   91,599,834   91,599,834    
Short-Term Investments   2,928,065     2,928,065  
Total   $ 1,335,190,888   $ 1,303,289,486   $ 31,901,402   $ —
    
(1) For the year ended December 31, 2023, there were no transfers in and out of Level 3.
The accompanying notes are an integral part of these financial statements.

76


Hartford Total Return Bond HLS Fund
Schedule of Investments
December 31, 2023  

Shares or Principal Amount   Market Value†
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 20.6%
  Asset-Backed - Automobile - 2.9%
            American Credit Acceptance Receivables Trust  
$     131,414 4.55%, 10/13/2026(1) $       131,264
 1,315,000 6.09%, 11/12/2027(1)      1,322,671
 2,375,000 AmeriCredit Automobile Receivables Trust 2.58%, 09/18/2025      2,353,657
 3,025,063 ARI Fleet Lease Trust 5.41%, 02/17/2032(1)      3,019,283
 1,510,000 Avis Budget Rental Car Funding AESOP LLC 5.90%, 08/21/2028(1)      1,541,470
3,958,951 Carvana Auto Receivables Trust 4.13%, 04/12/2027 3,897,162
2,267,987 Chesapeake Funding II LLC 5.65%, 05/15/2035(1) 2,274,067
2,831,737 CPS Auto Receivables Trust 5.91%, 08/16/2027(1) 2,833,449
  DT Auto Owner Trust  
1,030,000 5.19%, 10/16/2028(1) 1,021,057
1,135,000 5.41%, 02/15/2029(1) 1,129,295
1,580,000 Enterprise Fleet Financing LLC 5.42%, 10/22/2029(1) 1,595,744
  Exeter Automobile Receivables Trust  
493,460 2.18%, 06/15/2026 491,862
1,234,757 2.58%, 09/15/2025(1) 1,222,284
543,490 2.73%, 12/15/2025(1) 536,311
1,500,000 4.57%, 01/15/2027 1,492,166
649,000 6.03%, 08/16/2027 650,118
  Flagship Credit Auto Trust  
2,031,000 4.69%, 07/17/2028(1) 1,989,921
570,000 5.05%, 01/18/2028(1) 564,239
365,000 GLS Auto Receivables Issuer Trust 4.92%, 01/15/2027(1) 362,075
3,980,000 Hertz Vehicle Financing III LLC 5.94%, 02/25/2028(1) 4,054,744
1,831,005 Prestige Auto Receivables Trust 1.62%, 11/16/2026(1) 1,808,236
  Santander Drive Auto Receivables Trust  
2,995,000 4.42%, 11/15/2027 2,958,663
955,000 4.43%, 03/15/2027 943,679
660,000 4.72%, 06/15/2027 653,927
1,210,000 4.98%, 02/15/2028 1,201,087
2,000,000 5.61%, 07/17/2028 2,009,840
2,615,000 5.95%, 01/17/2028 2,627,602
985,000 SFS Auto Receivables Securitization Trust 5.71%, 01/22/2030(1) 992,666
569,878 Tricolor Auto Securitization Trust 6.48%, 08/17/2026(1) 569,458
  Westlake Automobile Receivables Trust  
1,930,000 1.65%, 02/17/2026(1) 1,899,276
2,285,000 4.31%, 09/15/2027(1) 2,258,056
655,000 5.41%, 01/18/2028(1) 651,899
1,090,000 World Omni Auto Receivables Trust 5.03%, 05/15/2029 1,088,965
      52,146,193
  Asset-Backed - Finance & Insurance - 0.3%
4,175,000 Cirrus Funding Ltd. 4.80%, 01/25/2037(1) 4,094,873
758,203 Fieldstone Mortgage Investment Trust 6.01%, 05/25/2036, 1 mo. USD Term SOFR + 0.65%(2) 522,873
340,217 Securitized Asset-Backed Receivables LLC Trust 5.65%, 07/25/2036, 1 mo. USD Term SOFR + 0.29%(2) 115,064
      4,732,810
Shares or Principal Amount   Market Value†
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 20.6% - (continued)
  Asset-Backed - Home Equity - 0.2%
            GSAA Home Equity Trust  
$   4,272,867 5.63%, 02/25/2037, 1 mo. USD Term SOFR + 0.27%(2) $     1,175,209
 1,892,301 5.83%, 11/25/2036, 1 mo. USD Term SOFR + 0.47%(2)        431,635
   487,122 5.98%, 06/25/2036(3)        126,920
 1,174,621 Morgan Stanley Mortgage Loan Trust 5.81%, 11/25/2036, 1 mo. USD Term SOFR + 0.45%(2)        328,500
            Soundview Home Loan Trust  
 1,586,219 5.65%, 07/25/2037, 1 mo. USD Term SOFR + 0.29%(2)      1,361,156
    325,696 5.97%, 11/25/2036, 1 mo. USD Term SOFR + 0.61%(2)       305,763
      3,729,183
  Asset-Backed - Student Loan - 0.2%
  Navient Private Education Refi Loan Trust  
1,821,815 1.11%, 02/18/2070(1) 1,552,471
2,295,793 5.51%, 10/15/2071(1) 2,295,348
      3,847,819
  Commercial Mortgage-Backed Securities - 3.2%
  BBCMS Mortgage Trust  
24,008,816 1.45%, 02/15/2050(3)(4) 860,550
925,000 3.66%, 04/15/2055(3) 838,661
1,000,000 4.60%, 06/15/2055(3) 973,669
1,300,000 5.44%, 12/15/2055(3) 1,342,575
425,000 5.71%, 12/15/2055(3) 447,170
  Benchmark Mortgage Trust  
17,946,232 0.46%, 07/15/2051(3)(4) 266,781
8,226,157 0.52%, 01/15/2051(3)(4) 135,821
8,575,947 1.02%, 08/15/2052(3)(4) 297,798
24,373,990 1.19%, 03/15/2062(3)(4) 1,212,206
10,359,067 1.51%, 01/15/2054(3)(4) 822,533
2,692,063 1.78%, 07/15/2053(3)(4) 175,200
2,335,000 BPR Trust 8.59%, 08/15/2024, 1 mo. USD Term SOFR + 3.23%(1)(2) 2,324,744
4,393,411 BX Trust 7.81%, 08/15/2039, 1 mo. USD Term SOFR + 2.45%(1)(2) 4,405,024
2,920,000 CAMB Commercial Mortgage Trust 8.21%, 12/15/2037, 1 mo. USD Term SOFR + 2.60%(1)(2) 2,800,912
3,344,985 CD Mortgage Trust 2.46%, 08/10/2049 3,119,759
  Citigroup Commercial Mortgage Trust  
16,411,661 0.89%, 07/10/2047(3)(4) 37,494
19,847,039 1.01%, 04/10/2048(3)(4) 183,917
2,357,000 4.06%, 11/15/2049(3) 1,783,644
  Commercial Mortgage Trust  
1,633,881 0.15%, 02/10/2047(3)(4) 5
841,000 2.82%, 01/10/2039(1) 737,432
55,051 2.85%, 10/15/2045 50,193
860,000 3.90%, 01/10/2039(1)(3) 672,005
394,694 4.07%, 02/10/2047(3) 393,947
74,129 4.24%, 02/10/2047(3) 73,984
11,781 Credit Suisse First Boston Mortgage Securities Corp. 4.88%, 04/15/2037 11,617
  CSAIL Commercial Mortgage Trust  
51,942,005 0.71%, 06/15/2057(3)(4) 296,272
2,227,055 0.89%, 11/15/2048(3)(4) 28,516
6,897,403 1.86%, 01/15/2049(3)(4) 213,942
4,255,958 DBJPM Mortgage Trust 1.71%, 09/15/2053(3)(4) 240,220
4,340,000 GS Mortgage Securities Corp. Trust 2.95%, 11/05/2034(1) 3,106,310
  GS Mortgage Securities Trust  
2,875,542 0.37%, 07/10/2046(3)(4) 29
 
The accompanying notes are an integral part of these financial statements.

77


Hartford Total Return Bond HLS Fund
Schedule of Investments – (continued)
December 31, 2023  

Shares or Principal Amount   Market Value†
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 20.6% - (continued)
  Commercial Mortgage-Backed Securities - 3.2% - (continued)
$     713,735 1.70%, 08/10/2044(1)(3)(4) $             3
 2,215,000 4.99%, 04/10/2047(1)(3)      1,781,838
            JP Morgan Chase Commercial Mortgage Securities Trust  
 1,416,196 2.73%, 10/15/2045(1)(3)      1,246,253
 1,400,000 2.81%, 01/16/2037(1)      1,173,813
 1,290,924 3.78%, 12/15/2047(1)(3)        826,936
  JPMBB Commercial Mortgage Securities Trust  
 3,559,896 0.54%, 05/15/2048(3)(4)         19,589
15,588,668 0.58%, 09/15/2047(3)(4) 36,339
  Morgan Stanley Bank of America Merrill Lynch Trust  
9,218,230 0.95%, 12/15/2047(3)(4) 33,279
1,259,417 0.96%, 10/15/2048(3)(4) 11,064
  Morgan Stanley Capital I Trust  
7,058,914 1.32%, 06/15/2050(3)(4) 196,277
1,460,000 4.94%, 07/15/2049(1)(3) 1,038,475
82,680 5.26%, 10/12/2052(1)(3) 30,466
1,890,000 NJ Trust 6.70%, 01/06/2029(1)(3) 1,947,547
790,000 SFAVE Commercial Mortgage Securities Trust 3.87%, 01/05/2043(1)(3) 581,176
5,410,000 SG Commercial Mortgage Securities Trust 2.63%, 03/15/2037(1) 4,852,758
3,530,000 TYSN Mortgage Trust 6.80%, 12/10/2033(1)(3) 3,677,453
3,272,621 UBS Commercial Mortgage Trust 1.07%, 08/15/2050(3)(4) 98,091
  Wells Fargo Commercial Mortgage Trust  
24,635,394 0.87%, 09/15/2057(3)(4) 291,318
13,951,496 1.06%, 05/15/2048(3)(4) 105,600
3,085,000 2.94%, 10/15/2049 2,900,272
430,000 4.14%, 05/15/2048(3) 368,683
  Wells Fargo NA  
19,830,198 0.59%, 11/15/2062(3)(4) 557,776
9,646,171 0.64%, 11/15/2062(3)(4) 299,403
32,577,689 0.71%, 11/15/2050(3)(4) 718,514
3,683,369 0.76%, 11/15/2054(3)(4) 81,547
17,777,249 0.81%, 09/15/2062(3)(4) 647,531
33,789,334 0.88%, 01/15/2063(3)(4) 1,374,989
12,571,430 0.89%, 05/15/2062(3)(4) 468,291
5,560,967 0.99%, 02/15/2056(3)(4) 355,110
20,567,926 1.76%, 03/15/2063(3)(4) 1,830,667
2,545,000 2.04%, 02/15/2054 2,090,047
  WFRBS Commercial Mortgage Trust  
184,818 3.72%, 05/15/2047 183,838
14,155 4.05%, 03/15/2047 14,118
710,000 5.00%, 06/15/2044(1)(3) 361,286
      58,053,277
  Other Asset-Backed Securities - 6.6%
416,249 AASET Trust 3.35%, 01/16/2040(1) 367,514
1,535,000 Affirm Asset Securitization Trust 6.61%, 01/18/2028(1) 1,543,776
3,005,000 Aligned Data Centers Issuer LLC 6.00%, 08/17/2048(1) 2,977,201
771,758 Amur Equipment Finance Receivables XI LLC 5.30%, 06/21/2028(1) 769,567
885,000 Arbor Realty Commercial Real Estate Notes Ltd. 6.58%, 05/15/2036, 1 mo. USD Term SOFR + 1.21%(1)(2) 875,389
590,905 Avant Loans Funding Trust 1.21%, 07/15/2030(1) 586,697
2,590,000 Benefit Street Partners CLO XXXI Ltd. 7.73%, 04/25/2036, 3 mo. USD Term SOFR + 2.35%(1)(2) 2,594,732
Shares or Principal Amount   Market Value†
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 20.6% - (continued)
  Other Asset-Backed Securities - 6.6% - (continued)
            CF Hippolyta Issuer LLC  
$     381,691 1.53%, 03/15/2061(1) $       342,000
   905,504 1.69%, 07/15/2060(1)        836,921
 1,024,149 1.99%, 07/15/2060(1)        873,204
   579,438 5.97%, 08/15/2062(1)        570,124
   690,000 CNH Equipment Trust 4.77%, 10/15/2030        685,749
4,485,000 Columbia Cent CLO 27 Ltd. 6.83%, 01/25/2035, 3 mo. USD Term SOFR + 1.45%(1)(2) 4,455,946
1,150,000 DLLAA LLC 5.64%, 02/22/2028(1) 1,168,606
  Domino's Pizza Master Issuer LLC  
2,262,000 2.66%, 04/25/2051(1) 2,000,646
1,395,625 3.67%, 10/25/2049(1) 1,274,095
3,111,250 4.12%, 07/25/2048(1) 3,022,775
  Elmwood CLO Ltd.  
2,155,000 7.64%, 04/16/2036, 3 mo. USD Term SOFR + 2.25%(1)(2) 2,152,209
3,085,000 7.80%, 10/17/2036, 3 mo. USD Term SOFR + 2.40%(1)(2) 3,092,660
3,267,261 First Franklin Mortgage Loan Trust 5.95%, 04/25/2036, 1 mo. USD Term SOFR + 0.59%(2) 2,941,009
4,842,613 FirstKey Homes Trust 4.25%, 07/17/2039(1) 4,650,282
1,830,000 Golub Capital Partners CLO 68B Ltd. 8.20%, 07/25/2036, 3 mo. USD Term SOFR + 2.80%(1)(2) 1,837,810
2,358,722 GSAMP Trust 5.56%, 01/25/2037, 1 mo. USD Term SOFR + 0.20%(2) 1,340,911
1,390,000 Invesco U.S. CLO Ltd. 7.71%, 04/21/2036, 3 mo. USD Term SOFR + 2.30%(1)(2) 1,390,424
6,910 Marlette Funding Trust 1.06%, 09/15/2031(1) 6,895
55,224 Morgan Stanley ABS Capital I, Inc. Trust 5.77%, 06/25/2036, 1 mo. USD Term SOFR + 0.41%(2) 45,346
3,150,000 New Economy Assets Phase 1 Sponsor LLC 1.91%, 10/20/2061(1) 2,757,697
333,711 NRZ Excess Spread-Collateralized Notes 3.84%, 12/25/2025(1) 318,098
3,005,000 Octagon 61 Ltd. 7.77%, 04/20/2036, 3 mo. USD Term SOFR + 2.35%(1)(2) 3,004,799
  PRET LLC  
1,617,850 1.87%, 07/25/2051(1)(5) 1,506,887
1,069,425 2.49%, 07/25/2051(1)(5) 1,029,784
  Pretium Mortgage Credit Partners LLC  
2,961,512 1.99%, 02/25/2061(1)(5) 2,805,334
3,374,152 2.98%, 01/25/2052(1)(5) 3,346,484
  Progress Residential Trust  
3,295,138 1.51%, 10/17/2038(1) 2,957,293
1,122,476 3.20%, 04/17/2039(1) 1,049,392
1,796,018 4.30%, 03/17/2040(1) 1,716,937
876,228 4.45%, 06/17/2039(1) 848,482
1,395,187 4.75%, 10/27/2039(1) 1,360,101
4,425,000 Retained Vantage Data Centers Issuer LLC 5.00%, 09/15/2048(1) 4,155,557
4,490,000 RR 23 Ltd. 8.00%, 10/15/2035, 3 mo. USD Term SOFR + 2.65%(1)(2) 4,484,989
392,576 Sapphire Aviation Finance II Ltd. 3.23%, 03/15/2040(1) 334,911
3,354,094 Seasoned Credit Risk Transfer Trust 3.50%, 03/25/2058 2,990,639
5,775,000 Sound Point CLO XXIX Ltd. 6.71%, 04/25/2034, 3 mo. USD Term SOFR + 1.33%(1)(2) 5,721,547
2,905,000 Stack Infrastructure Issuer LLC 5.90%, 07/25/2048(1) 2,887,892
1,435,000 Summit Issuer LLC 2.29%, 12/20/2050(1) 1,327,862
 
The accompanying notes are an integral part of these financial statements.

78


Hartford Total Return Bond HLS Fund
Schedule of Investments – (continued)
December 31, 2023  

Shares or Principal Amount   Market Value†
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 20.6% - (continued)
  Other Asset-Backed Securities - 6.6% - (continued)
$   6,615,000 Symphony CLO XXV Ltd. 6.64%, 04/19/2034, 3 mo. USD Term SOFR + 1.24%(1)(2) $     6,562,239
 2,580,000 Texas Debt Capital CLO Ltd. 7.72%, 04/20/2036, 3 mo. USD Term SOFR + 2.30%(1)(2)      2,586,316
 3,148,862 Tricon Residential Trust 4.85%, 07/17/2040(1)      3,073,657
            VCAT LLC  
 1,578,985 1.74%, 05/25/2051(1)(5)      1,493,001
   467,812 2.12%, 03/27/2051(1)(5)        463,583
5,775,000 Venture 42 CLO Ltd. 6.79%, 04/15/2034, 3 mo. USD Term SOFR + 1.39%(1)(2) 5,716,407
1,732,177 VOLT XCIV LLC 2.24%, 02/27/2051(1)(5) 1,688,481
1,747,489 Voya CLO Ltd. 6.56%, 01/18/2029, 3 mo. USD Term SOFR + 1.16%(1)(2) 1,746,131
4,554,178 Wellfleet CLO X Ltd. 6.85%, 07/20/2032, 3 mo. USD Term SOFR + 1.43%(1)(2) 4,538,202
1,955,137 Wendy's Funding LLC 3.88%, 03/15/2048(1) 1,817,010
1,359,300 Wingstop Funding LLC 2.84%, 12/05/2050(1) 1,222,964
      117,915,164
  Whole Loan Collateral CMO - 7.2%
2,298,621 510 Asset-Backed Trust 2.12%, 06/25/2061(1)(5) 2,231,328
  Angel Oak Mortgage Trust  
1,248,956 0.91%, 01/25/2066(1)(3) 1,045,803
891,062 0.99%, 04/25/2053(1)(3) 813,973
1,114,472 0.99%, 04/25/2066(1)(3) 922,711
1,885,590 1.82%, 11/25/2066(1)(3) 1,596,626
1,282,810 Arroyo Mortgage Trust 3.35%, 04/25/2049(1)(3) 1,207,523
  Banc of America Funding Trust  
1,963,586 5.77%, 05/25/2037(3) 1,689,087
551,438 6.07%, 05/20/2047, 1 mo. USD Term SOFR + 0.71%(2) 498,575
78,519 6.35%, 01/25/2037(5) 70,307
453,821 BCAP LLC Trust 5.83%, 03/25/2037, 1 mo. USD Term SOFR + 0.47%(2) 388,437
422,492 Bear Stearns ALT-A Trust 5.97%, 01/25/2036, 1 mo. USD Term SOFR + 0.61%(2) 386,326
102,427 Bear Stearns ARM Trust 7.67%, 10/25/2035, 1 yr. USD CMT + 2.30%(2) 95,779
167,156 Bear Stearns Mortgage Funding Trust 5.83%, 10/25/2036, 1 mo. USD Term SOFR + 0.47%(2) 139,277
  BRAVO Residential Funding Trust  
718,838 0.94%, 02/25/2049(1)(3) 623,122
577,432 0.97%, 03/25/2060(1)(3) 526,613
  CHL Mortgage Pass-Through Trust  
918,563 4.43%, 09/25/2047(3) 803,175
220,090 4.44%, 11/20/2035(3) 197,717
  COLT Mortgage Loan Trust  
1,897,136 0.91%, 06/25/2066(1)(3) 1,536,190
4,272,566 1.11%, 10/25/2066(1)(3) 3,533,127
3,695,142 4.55%, 04/25/2067(1)(3) 3,625,762
  Countrywide Alternative Loan Trust  
588,319 5.75%, 05/25/2036 231,435
112,492 6.01%, 01/25/2036, 1 mo. USD Term SOFR + 0.65%(2) 99,229
580,455 6.11%, 11/25/2035, 1 mo. USD Term SOFR + 0.75%(2) 460,495
971,272 CSFB Mortgage-Backed Pass-Through Certificates 5.50%, 06/25/2035 717,824
Shares or Principal Amount   Market Value†
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 20.6% - (continued)
  Whole Loan Collateral CMO - 7.2% - (continued)
            CSMC Trust  
$   1,682,204 0.94%, 05/25/2066(1)(3) $     1,333,200
 1,176,657 1.80%, 12/27/2060(1)(3)      1,055,727
 2,082,097 1.84%, 10/25/2066(1)(3)      1,754,283
 4,814,364 2.27%, 11/25/2066(1)(3)      4,116,952
 1,320,173 3.25%, 04/25/2047(1)(3)      1,188,977
754,994 Deephaven Residential Mortgage Trust 0.90%, 04/25/2066(1)(3) 644,985
  Ellington Financial Mortgage Trust  
763,913 0.93%, 06/25/2066(1)(3) 609,255
2,237,193 2.21%, 01/25/2067(1)(3) 1,863,329
  Federal National Mortgage Association Connecticut Avenue Securities  
390,145 7.60%, 11/25/2039, 30 day USD SOFR Average + 2.26%(1)(2) 393,526
588,247 7.89%, 07/25/2042, 30 day USD SOFR Average + 2.55%(1)(2) 603,136
1,305,000 8.04%, 07/25/2043, 30 day USD SOFR Average + 2.70%(1)(2) 1,329,796
1,244,000 8.44%, 06/25/2043, 30 day USD SOFR Average + 3.10%(1)(2) 1,299,068
721,272 9.00%, 07/25/2029, 30 day USD SOFR Average + 3.66%(2) 746,705
1,246,987 9.80%, 05/25/2029, 30 day USD SOFR Average + 4.46%(2) 1,315,317
  GCAT Trust  
1,568,404 1.04%, 05/25/2066(1)(3) 1,252,765
1,407,269 1.92%, 08/25/2066(1)(3) 1,225,943
16,351 GMACM Mortgage Loan Trust 3.36%, 04/19/2036(3) 12,596
  GSR Mortgage Loan Trust  
670,558 4.63%, 01/25/2036(3) 607,775
784,032 5.77%, 01/25/2037, 1 mo. USD Term SOFR + 0.41%(2) 187,387
  HarborView Mortgage Loan Trust  
526,414 5.85%, 01/19/2038, 1 mo. USD Term SOFR + 0.49%(2) 458,687
1,875,805 5.95%, 12/19/2036, 1 mo. USD Term SOFR + 0.59%(2) 1,752,307
4,693,974 Imperial Fund Mortgage Trust 3.64%, 03/25/2067(1)(5) 4,315,262
639,687 IndyMac INDX Mortgage Loan Trust 3.55%, 03/25/2036(3) 460,947
104,631 JP Morgan Mortgage Trust 4.66%, 04/25/2037(3) 76,796
  Legacy Mortgage Asset Trust  
1,151,829 1.75%, 04/25/2061(1)(5) 1,048,065
1,514,664 1.75%, 07/25/2061(1)(5) 1,422,965
2,866,388 7.25%, 11/25/2059(1)(5) 2,865,570
543,718 Lehman XS Trust 5.89%, 07/25/2046, 1 mo. USD Term SOFR + 0.53%(2) 489,789
2,016,156 LSTAR Securities Investment Ltd. 8.27%, 02/01/2026, 1 mo. USD Term SOFR + 2.91%(1)(2) 1,976,768
147,545 MASTR Adjustable Rate Mortgages Trust 5.39%, 11/21/2034(3) 138,078
1,952,035 MFA LLC 2.36%, 03/25/2060(1)(5) 1,905,902
  MFA Trust  
204,459 1.01%, 01/26/2065(1)(3) 183,147
1,153,526 1.03%, 11/25/2064(1)(3) 973,983
830,185 1.15%, 04/25/2065(1)(3) 734,385
  New Residential Mortgage Loan Trust  
667,750 0.94%, 10/25/2058(1)(3) 589,303
316,177 2.49%, 09/25/2059(1)(3) 290,890
1,163,874 3.50%, 08/25/2059(1)(3) 1,089,085
1,344,344 3.75%, 11/26/2035(1)(3) 1,270,740
 
The accompanying notes are an integral part of these financial statements.

79


Hartford Total Return Bond HLS Fund
Schedule of Investments – (continued)
December 31, 2023  

Shares or Principal Amount   Market Value†
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 20.6% - (continued)
  Whole Loan Collateral CMO - 7.2% - (continued)
$   1,381,026 3.75%, 11/25/2056(1)(3) $     1,298,286
 1,291,584 4.00%, 05/25/2057(1)(3)      1,220,061
   933,105 4.00%, 12/25/2057(1)(3)        887,274
 1,419,346 6.22%, 01/25/2048, 1 mo. USD Term SOFR + 0.86%(1)(2)      1,367,141
 1,161,288 6.97%, 06/25/2057, 1 mo. USD Term SOFR + 1.61%(1)(2)      1,153,078
 3,319,652 NMLT Trust 1.19%, 05/25/2056(1)(3)      2,697,463
  OBX Trust  
 2,667,921 1.05%, 07/25/2061(1)(3)      2,041,512
2,496,040 1.10%, 05/25/2061(1)(3) 1,919,293
3,893,256 2.31%, 11/25/2061(1)(3) 3,341,204
  Preston Ridge Partners Mortgage LLC  
2,065,814 1.79%, 06/25/2026(1)(5) 1,952,093
1,742,659 1.79%, 07/25/2026(1)(5) 1,642,798
3,344,100 1.87%, 04/25/2026(1)(5) 3,193,210
1,577,336 2.49%, 10/25/2026(1)(5) 1,494,474
566,829 5.36%, 11/25/2025(1)(5) 567,522
3,395,275 5.95%, 10/25/2025(1)(5) 3,384,295
550,936 RBSGC Mortgage Loan Trust 6.25%, 01/25/2037 506,648
366,929 Residential Accredit Loans, Inc. Trust 6.00%, 12/25/2035 317,761
  Seasoned Credit Risk Transfer Trust  
1,986,026 2.50%, 08/25/2059 1,642,989
1,765,189 3.50%, 11/25/2057 1,626,849
4,732,650 3.50%, 07/25/2058 4,317,642
940,238 3.50%, 08/25/2058 852,835
3,602,484 3.50%, 10/25/2058 3,237,475
  Starwood Mortgage Residential Trust  
562,592 0.94%, 05/25/2065(1)(3) 501,410
3,068,814 1.92%, 11/25/2066(1)(3) 2,524,854
1,567,799 Toorak Mortgage Corp. Ltd. 3.24%, 06/25/2024(1)(5) 1,535,601
5,114,557 Towd Point Mortgage Trust 2.92%, 11/30/2060(1)(3) 4,283,441
  Verus Securitization Trust  
1,040,229 0.92%, 02/25/2064(1)(3) 915,867
1,407,393 0.94%, 07/25/2066(1)(3) 1,135,120
902,505 1.03%, 02/25/2066(1)(3) 779,377
2,128,464 1.82%, 11/25/2066(1)(3) 1,842,240
4,812,376 1.83%, 10/25/2066(1)(3) 4,182,784
684,898 4.13%, 02/25/2067(1)(5) 638,077
  WaMu Mortgage Pass-Through Certificates Trust  
582,461 3.81%, 06/25/2037(3) 495,949
1,329,694 4.40%, 12/25/2046, 1 yr. USD MTA + 0.82%(2) 1,073,050
253,404 6.31%, 06/25/2044, 1 mo. USD Term SOFR + 0.95%(2) 230,681
      127,824,186
  Total Asset & Commercial Mortgage-Backed Securities
(cost $396,658,171)
$  368,248,632
CORPORATE BONDS - 30.9%
  Advertising - 0.1%
2,335,000 Lamar Media Corp. 3.63%, 01/15/2031 $  2,074,647
  Aerospace/Defense - 0.2%
  Boeing Co.  
820,000 5.04%, 05/01/2027 827,689
1,350,000 5.15%, 05/01/2030 1,376,106
845,000 Northrop Grumman Corp. 5.15%, 05/01/2040 858,454
      3,062,249
Shares or Principal Amount   Market Value†
CORPORATE BONDS - 30.9% - (continued)
  Agriculture - 0.4%
            Philip Morris International, Inc.  
$   1,455,000 4.88%, 02/15/2028 $     1,471,900
   580,000 5.13%, 11/17/2027        590,768
 2,180,000 5.13%, 02/15/2030      2,220,400
 1,230,000 5.38%, 02/15/2033      1,262,993
   830,000 5.63%, 11/17/2029        871,287
  1,190,000 5.63%, 09/07/2033     1,244,988
      7,662,336
  Apparel - 0.3%
550,000 Hanesbrands, Inc. 4.88%, 05/15/2026(1) 530,462
570,000 Tapestry, Inc. 7.05%, 11/27/2025 583,040
3,550,000 William Carter Co. 5.63%, 03/15/2027(1) 3,505,558
      4,619,060
  Beverages - 0.1%
  Bacardi Ltd./Bacardi-Martini BV  
150,000 5.25%, 01/15/2029(1) 149,937
875,000 5.40%, 06/15/2033(1) 881,964
      1,031,901
  Biotechnology - 0.4%
  Amgen, Inc.  
445,000 5.25%, 03/02/2030 458,068
2,755,000 5.25%, 03/02/2033 2,828,528
  Royalty Pharma PLC  
2,900,000 2.15%, 09/02/2031 2,370,426
750,000 2.20%, 09/02/2030 631,912
      6,288,934
  Chemicals - 0.2%
  Celanese U.S. Holdings LLC  
1,600,000 6.17%, 07/15/2027 1,640,514
1,529,000 6.33%, 07/15/2029 1,603,828
975,000 6.55%, 11/15/2030 1,032,097
      4,276,439
  Commercial Banks - 7.6%
1,400,000 ABN AMRO Bank NV 6.34%, 09/18/2027, (6.34% fixed rate until 09/18/2026; 1 yr. USD CMT + 1.65% thereafter)(1)(6) 1,431,766
2,660,000 ANZ New Zealand International Ltd. 5.36%, 08/14/2028(1) 2,721,963
EUR  800,000 Banca Comerciala Romana SA 7.63%, 05/19/2027, (7.63% fixed rate until 05/19/2026; 3 mo. EURIBOR + 4.54% thereafter)(6)(7) 930,027
1,575,000 Banca Transilvania SA 8.88%, 04/27/2027, (8.88% fixed rate until 04/27/2026; 1 yr. EURIBOR ICE Swap + 5.58% thereafter)(6)(7) 1,827,953
  Bank of America Corp.  
$  1,515,000 1.90%, 07/23/2031, (1.90% fixed rate until 07/23/2030; 6 mo. USD SOFR + 1.53% thereafter)(6) 1,241,464
355,000 1.92%, 10/24/2031, (1.92% fixed rate until 10/24/2030; 6 mo. USD SOFR + 1.37% thereafter)(6) 288,662
2,150,000 2.30%, 07/21/2032, (2.30% fixed rate until 07/21/2031; 6 mo. USD SOFR + 1.22% thereafter)(6) 1,757,812
965,000 2.57%, 10/20/2032, (2.57% fixed rate until 10/20/2031; 6 mo. USD SOFR + 1.21% thereafter)(6) 801,614
1,715,000 2.59%, 04/29/2031, (2.59% fixed rate until 04/29/2030; 6 mo. USD SOFR + 2.15% thereafter)(6) 1,480,175
 
The accompanying notes are an integral part of these financial statements.

80


Hartford Total Return Bond HLS Fund
Schedule of Investments – (continued)
December 31, 2023  

Shares or Principal Amount   Market Value†
CORPORATE BONDS - 30.9% - (continued)
  Commercial Banks - 7.6% - (continued)
$   5,090,000 2.69%, 04/22/2032, (2.69% fixed rate until 04/22/2031; 6 mo. USD SOFR + 1.32% thereafter)(6) $     4,305,405
 2,615,000 3.19%, 07/23/2030, (3.19% fixed rate until 07/23/2029; 3 mo. USD Term SOFR + 1.44% thereafter)(6)      2,373,698
   205,000 3.42%, 12/20/2028, (3.42% fixed rate until 12/20/2027; 3 mo. USD Term SOFR + 1.30% thereafter)(6)        193,017
 1,630,000 4.95%, 07/22/2028, (4.95% fixed rate until 07/22/2027; 6 mo. USD SOFR + 2.04% thereafter)(6)      1,631,052
 1,920,000 5.20%, 04/25/2029, (5.20% fixed rate until 04/25/2028; 6 mo. USD SOFR + 1.63% thereafter)(6)      1,933,446
 2,205,000 5.93%, 09/15/2027, (5.93% fixed rate until 09/15/2026; 6 mo. USD SOFR + 1.34% thereafter)(6)      2,250,756
3,685,000 Bank of Ireland Group PLC 6.25%, 09/16/2026, (6.25% fixed rate until 09/16/2025; 1 yr. USD CMT + 2.65% thereafter)(1)(6) 3,723,878
2,090,000 Bank of New York Mellon Corp. 6.32%, 10/25/2029, (6.32% fixed rate until 10/25/2028; 6 mo. USD SOFR + 1.60% thereafter)(6) 2,222,121
1,920,000 Barclays PLC 9.63%, 12/15/2029, (9.63% fixed rate until 12/15/2029; 5 yr. Swap Rate + 5.78% thereafter)(6)(8) 2,002,368
  BNP Paribas SA  
915,000 5.13%, 01/13/2029, (5.13% fixed rate until 01/13/2028; 1 yr. USD CMT + 1.45% thereafter)(1)(6) 922,457
740,000 5.34%, 06/12/2029, (5.34% fixed rate until 06/12/2028; 1 yr. USD CMT + 1.50% thereafter)(1)(6) 751,311
2,170,000 5.89%, 12/05/2034, (5.89% fixed rate until 12/05/2033; 6 mo. USD SOFR + 1.87% thereafter)(1)(6) 2,271,183
  BPCE SA  
3,770,000 6.71%, 10/19/2029, (6.71% fixed rate until 10/19/2028; 6 mo. USD SOFR + 2.27% thereafter)(1)(6) 3,973,097
3,010,000 7.00%, 10/19/2034, (7.00% fixed rate until 10/19/2033; 6 mo. USD SOFR + 2.59% thereafter)(1)(6) 3,272,191
745,000 Credit Agricole SA 6.32%, 10/03/2029, (6.32% fixed rate until 10/03/2028; 6 mo. USD SOFR + 1.86% thereafter)(1)(6) 781,466
  Danske Bank AS  
655,000 1.62%, 09/11/2026, (1.62% fixed rate until 09/11/2025; 1 yr. USD CMT + 1.35% thereafter)(1)(6) 611,315
1,970,000 5.38%, 01/12/2024(1) 1,969,549
  Deutsche Bank AG  
410,000 2.13%, 11/24/2026, (2.13% fixed rate until 11/24/2025; 6 mo. USD SOFR + 1.87% thereafter)(6) 384,390
495,000 2.31%, 11/16/2027, (2.31% fixed rate until 11/16/2026; 6 mo. USD SOFR + 1.22% thereafter)(6) 452,838
625,000 3.74%, 01/07/2033, (3.74% fixed rate until 10/07/2031; 6 mo. USD SOFR + 2.26% thereafter)(6) 513,575
Shares or Principal Amount   Market Value†
CORPORATE BONDS - 30.9% - (continued)
  Commercial Banks - 7.6% - (continued)
$     380,000 7.08%, 02/10/2034, (7.08% fixed rate until 11/10/2032; 6 mo. USD SOFR + 3.65% thereafter)(6) $       391,352
            Goldman Sachs Group, Inc.  
 2,260,000 2.38%, 07/21/2032, (2.38% fixed rate until 07/21/2031; 6 mo. USD SOFR + 1.25% thereafter)(6)(9)      1,857,953
 4,045,000 2.62%, 04/22/2032, (2.62% fixed rate until 04/22/2031; 6 mo. USD SOFR + 1.28% thereafter)(6)      3,401,268
 1,475,000 4.22%, 05/01/2029, (4.22% fixed rate until 05/01/2028; 3 mo. USD Term SOFR + 1.56% thereafter)(6)      1,428,318
            HSBC Holdings PLC  
 1,150,000 2.21%, 08/17/2029, (2.21% fixed rate until 08/17/2028; 6 mo. USD SOFR + 1.29% thereafter)(6)      1,004,793
 1,395,000 4.58%, 06/19/2029, (4.58% fixed rate until 06/19/2028; 3 mo. USD Term SOFR + 1.80% thereafter)(6)      1,353,961
410,000 4.76%, 03/29/2033, (4.76% fixed rate until 03/29/2032; 6 mo. USD SOFR + 2.53% thereafter)(6) 382,593
4,800,000 5.40%, 08/11/2033, (5.40% fixed rate until 08/11/2032; 6 mo. USD SOFR + 2.87% thereafter)(6) 4,829,590
1,565,000 5.89%, 08/14/2027, (5.89% fixed rate until 08/14/2026; 6 mo. USD SOFR + 1.57% thereafter)(6) 1,587,601
765,000 6.16%, 03/09/2029, (6.16% fixed rate until 03/09/2028; 6 mo. USD SOFR + 1.97% thereafter)(6) 790,298
1,900,000 6.55%, 06/20/2034, (6.55% fixed rate until 06/20/2033; 6 mo. USD SOFR + 2.98% thereafter)(6) 1,989,411
1,515,000 7.40%, 11/13/2034, (7.40% fixed rate until 11/13/2033; 6 mo. USD SOFR + 3.02% thereafter)(6) 1,664,299
300,000 Huntington Bancshares, Inc. 6.21%, 08/21/2029, (6.21% fixed rate until 08/21/2028; 3 mo. USD SOFR + 2.02% thereafter)(6) 309,607
825,000 Huntington National Bank 5.65%, 01/10/2030 832,760
  Intesa Sanpaolo SpA  
1,485,000 6.63%, 06/20/2033(1) 1,525,229
1,740,000 7.80%, 11/28/2053(1) 1,917,374
  JP Morgan Chase & Co.  
1,270,000 2.55%, 11/08/2032, (2.55% fixed rate until 11/08/2031; 6 mo. USD SOFR + 1.18% thereafter)(6) 1,062,140
1,025,000 3.51%, 01/23/2029, (3.51% fixed rate until 01/23/2028; 3 mo. USD Term SOFR + 1.21% thereafter)(6) 972,221
170,000 3.70%, 05/06/2030, (3.70% fixed rate until 05/06/2029; 3 mo. USD Term SOFR + 1.42% thereafter)(6) 159,982
930,000 3.96%, 01/29/2027, (3.96% fixed rate until 01/29/2026; 3 mo. USD Term SOFR + 1.51% thereafter)(6) 908,748
2,230,000 4.01%, 04/23/2029, (4.01% fixed rate until 04/23/2028; 3 mo. USD Term SOFR + 1.38% thereafter)(6) 2,147,534
 
The accompanying notes are an integral part of these financial statements.

81


Hartford Total Return Bond HLS Fund
Schedule of Investments – (continued)
December 31, 2023  

Shares or Principal Amount   Market Value†
CORPORATE BONDS - 30.9% - (continued)
  Commercial Banks - 7.6% - (continued)
$     390,000 4.85%, 07/25/2028, (4.85% fixed rate until 07/25/2027; 6 mo. USD SOFR + 1.99% thereafter)(6) $       390,401
 1,515,000 5.30%, 07/24/2029, (5.30% fixed rate until 07/24/2028; 6 mo. USD SOFR + 1.45% thereafter)(6)      1,538,700
   960,000 6.07%, 10/22/2027, (6.07% fixed rate until 10/22/2026; 6 mo. USD SOFR + 1.33% thereafter)(6)        988,037
   280,000 6.09%, 10/23/2029, (6.09% fixed rate until 10/23/2028; 6 mo. USD SOFR + 1.57% thereafter)(6)        294,627
            M&T Bank Corp.  
 2,240,000 5.05%, 01/27/2034, (5.05% fixed rate until 01/27/2033; 6 mo. USD SOFR + 1.85% thereafter)(6)      2,126,309
 1,705,000 7.41%, 10/30/2029, (7.41% fixed rate until 10/30/2028; 6 mo. USD SOFR + 2.80% thereafter)(6)      1,835,765
1,580,000 Manufacturers & Traders Trust Co. 4.70%, 01/27/2028 1,536,326
EUR  1,700,000 mBank SA 0.97%, 09/21/2027, (0.97% fixed rate until 09/21/2026; 3 mo. EURIBOR + 1.25% thereafter)(6)(7) 1,621,459
  Morgan Stanley  
$  4,185,000 1.79%, 02/13/2032, (1.79% fixed rate until 02/13/2031; 6 mo. USD SOFR + 1.03% thereafter)(6) 3,347,197
1,960,000 1.93%, 04/28/2032, (1.93% fixed rate until 04/28/2031; 6 mo. USD SOFR + 1.02% thereafter)(6) 1,579,516
860,000 3.59%, 07/22/2028(3) 821,767
460,000 3.62%, 04/01/2031, (3.62% fixed rate until 04/01/2030; 6 mo. USD SOFR + 3.12% thereafter)(6) 424,066
2,235,000 5.16%, 04/20/2029, (5.16% fixed rate until 04/20/2028; 6 mo. USD SOFR + 1.59% thereafter)(6) 2,249,649
455,000 5.45%, 07/20/2029, (5.45% fixed rate until 07/20/2028; 6 mo. USD SOFR + 1.63% thereafter)(6) 464,027
4,505,000 6.41%, 11/01/2029, (6.41% fixed rate until 11/01/2028; 6 mo. USD SOFR + 1.83% thereafter)(6) 4,780,507
  OTP Bank Nyrt  
EUR  1,570,000 7.35%, 03/04/2026, (7.35% fixed rate until 03/04/2025; 3 mo. EURIBOR + 4.52% thereafter)(6)(7) 1,778,958
$  815,000 7.50%, 05/25/2027, (7.50% fixed rate until 05/25/2026; 1 yr. USD CMT + 3.71% thereafter)(6)(7) 840,053
  PNC Financial Services Group, Inc.  
580,000 5.07%, 01/24/2034, (5.07% fixed rate until 01/24/2033; 6 mo. USD SOFR + 1.93% thereafter)(6) 568,527
485,000 6.88%, 10/20/2034, (6.88% fixed rate until 10/20/2033; 6 mo. USD SOFR + 2.28% thereafter)(6) 539,428
4,795,000 Societe Generale SA 6.22%, 06/15/2033, (6.22% fixed rate until 06/15/2032; 1 yr. USD CMT + 3.20% thereafter)(1)(6) 4,792,569
  Standard Chartered PLC  
1,875,000 7.02%, 02/08/2030, (7.02% fixed rate until 02/08/2029; 1 yr. USD CMT + 2.20% thereafter)(1)(6) 1,980,745
Shares or Principal Amount   Market Value†
CORPORATE BONDS - 30.9% - (continued)
  Commercial Banks - 7.6% - (continued)
$     865,000 7.77%, 11/16/2028, (7.77% fixed rate until 11/16/2027; 1 yr. USD CMT + 3.45% thereafter)(1)(6) $       935,673
            UBS Group AG  
   575,000 2.10%, 02/11/2032, (2.10% fixed rate until 02/11/2031; 1 yr. USD CMT + 1.00% thereafter)(1)(6)        459,408
   865,000 3.09%, 05/14/2032, (3.09% fixed rate until 05/14/2031; 6 mo. USD SOFR + 1.73% thereafter)(1)(6)        738,201
   640,000 4.19%, 04/01/2031, (4.19% fixed rate until 04/01/2030; 6 mo. USD SOFR + 3.73% thereafter)(1)(6)        596,693
 1,595,000 4.75%, 05/12/2028, (4.75% fixed rate until 05/12/2027; 1 yr. USD CMT + 1.75% thereafter)(1)(6)      1,571,824
 1,895,000 6.25%, 09/22/2029, (6.25% fixed rate until 09/22/2028; 1 yr. USD CMT + 1.80% thereafter)(1)(6)      1,976,150
   760,000 6.44%, 08/11/2028, (6.44% fixed rate until 08/11/2027; 6 mo. USD SOFR + 3.70% thereafter)(1)(6)        789,714
2,785,000 6.54%, 08/12/2033, (6.54% fixed rate until 08/12/2032; 6 mo. USD SOFR + 3.92% thereafter)(1)(6) 2,971,913
  Wells Fargo & Co.  
1,445,000 2.57%, 02/11/2031, (2.57% fixed rate until 02/11/2030; 3 mo. USD Term SOFR + 1.26% thereafter)(6) 1,250,509
1,140,000 2.88%, 10/30/2030, (2.88% fixed rate until 10/30/2029; 3 mo. USD Term SOFR + 1.43% thereafter)(6) 1,014,796
2,855,000 3.35%, 03/02/2033, (3.35% fixed rate until 03/02/2032; 6 mo. USD SOFR + 1.50% thereafter)(6) 2,500,805
1,050,000 4.81%, 07/25/2028, (4.81% fixed rate until 07/25/2027; 6 mo. USD SOFR + 1.98% thereafter)(6) 1,042,702
1,705,000 4.90%, 07/25/2033, (4.90% fixed rate until 07/25/2032; 6 mo. USD SOFR + 2.10% thereafter)(6) 1,663,311
265,000 5.39%, 04/24/2034, (5.39% fixed rate until 04/24/2033; 6 mo. USD SOFR + 2.02% thereafter)(6) 266,619
3,320,000 5.57%, 07/25/2029, (5.57% fixed rate until 07/25/2028; 6 mo. USD SOFR + 1.74% thereafter)(6) 3,393,357
765,000 6.49%, 10/23/2034, (6.49% fixed rate until 10/23/2033; 6 mo. USD SOFR + 2.06% thereafter)(6) 833,882
      136,041,771
  Commercial Services - 1.0%
  Ashtead Capital, Inc.  
1,190,000 4.00%, 05/01/2028(1) 1,120,696
4,990,000 4.38%, 08/15/2027(1) 4,794,531
1,405,000 5.50%, 08/11/2032(1) 1,390,417
210,000 5.55%, 05/30/2033(1) 208,247
  Howard University  
1,000,000 2.70%, 10/01/2029 888,931
1,000,000 2.90%, 10/01/2031 864,404
720,000 3.48%, 10/01/2041 536,109
  Service Corp. International  
2,500,000 3.38%, 08/15/2030 2,178,767
385,000 4.63%, 12/15/2027 372,487
4,561,000 5.13%, 06/01/2029 4,469,780
 
The accompanying notes are an integral part of these financial statements.

82


Hartford Total Return Bond HLS Fund
Schedule of Investments – (continued)
December 31, 2023  

Shares or Principal Amount   Market Value†
CORPORATE BONDS - 30.9% - (continued)
  Commercial Services - 1.0% - (continued)
            United Rentals North America, Inc.  
$     140,000 4.00%, 07/15/2030 $       128,973
    445,000 4.88%, 01/15/2028       433,992
      17,387,334
  Construction Materials - 0.4%
 3,340,000 Builders FirstSource, Inc. 5.00%, 03/01/2030(1)      3,225,535
  Standard Industries, Inc.  
   535,000 3.38%, 01/15/2031(1)        460,201
3,370,000 4.38%, 07/15/2030(1) 3,101,022
      6,786,758
  Distribution/Wholesale - 0.0%
700,000 LKQ Corp. 5.75%, 06/15/2028 716,592
  Diversified Financial Services - 1.2%
2,015,000 American Express Co. 6.34%, 10/30/2026, (6.34% fixed rate until 10/30/2025; 6 mo. USD SOFR + 1.33% thereafter)(6) 2,055,032
  Capital One Financial Corp.  
895,000 1.88%, 11/02/2027, (1.88% fixed rate until 11/02/2026; 6 mo. USD SOFR + 0.86% thereafter)(6) 805,418
2,145,000 3.27%, 03/01/2030, (3.27% fixed rate until 03/01/2029; 6 mo. USD SOFR + 1.79% thereafter)(6) 1,917,626
1,325,000 5.25%, 07/26/2030, (5.25% fixed rate until 07/26/2029; 6 mo. USD SOFR + 2.60% thereafter)(6) 1,304,331
615,000 5.47%, 02/01/2029, (5.47% fixed rate until 02/01/2028; 6 mo. USD SOFR + 2.08% thereafter)(6) 613,468
551,000 5.82%, 02/01/2034, (5.82% fixed rate until 02/01/2033; 6 mo. USD SOFR + 2.60% thereafter)(6) 549,307
1,500,000 6.31%, 06/08/2029, (6.31% fixed rate until 06/08/2028; 6 mo. USD SOFR + 2.64% thereafter)(6) 1,540,922
975,000 6.38%, 06/08/2034, (6.38% fixed rate until 06/08/2033; 6 mo. USD SOFR + 2.86% thereafter)(6) 1,005,009
1,095,000 7.62%, 10/30/2031, (7.62% fixed rate until 10/30/2030; 6 mo. USD SOFR + 3.07% thereafter)(6) 1,205,021
2,205,000 Discover Financial Services 7.96%, 11/02/2034, (7.96% fixed rate until 11/02/2033; 6 mo. USD SOFR + 3.37% thereafter)(6) 2,456,722
7,400,000 GTP Acquisition Partners I LLC 3.48%, 06/15/2050(1) 7,194,777
455,000 Intercontinental Exchange, Inc. 4.35%, 06/15/2029 452,636
845,000 Nasdaq, Inc. 5.55%, 02/15/2034 879,597
      21,979,866
  Electric - 4.2%
1,235,000 Alabama Power Co. 3.45%, 10/01/2049 932,112
2,815,000 Ameren Corp. 5.00%, 01/15/2029 2,829,073
  Arizona Public Service Co.  
450,000 5.55%, 08/01/2033 465,606
990,000 6.35%, 12/15/2032 1,072,669
  Berkshire Hathaway Energy Co.  
705,000 1.65%, 05/15/2031 566,256
850,000 4.60%, 05/01/2053 759,415
  Cleco Corporate Holdings LLC  
1,225,000 3.38%, 09/15/2029 1,075,003
75,000 4.97%, 05/01/2046 63,083
Shares or Principal Amount   Market Value†
CORPORATE BONDS - 30.9% - (continued)
  Electric - 4.2% - (continued)
            Consolidated Edison Co. of New York, Inc.  
$   1,050,000 3.20%, 12/01/2051 $       745,659
   450,000 5.50%, 03/15/2034        473,046
            Dominion Energy, Inc.  
 1,008,000 3.38%, 04/01/2030        929,317
 4,152,000 5.38%, 11/15/2032      4,270,962
    65,000 6.30%, 03/15/2033         69,646
1,320,000 Duke Energy Carolinas LLC 4.25%, 12/15/2041 1,168,665
  Duke Energy Corp.  
3,200,000 2.55%, 06/15/2031 2,735,059
1,160,000 4.50%, 08/15/2032 1,124,742
400,000 5.00%, 08/15/2052 374,968
780,000 Duke Energy Indiana LLC 3.25%, 10/01/2049 567,999
  Duke Energy Progress LLC  
490,000 4.00%, 04/01/2052 404,399
670,000 4.38%, 03/30/2044 592,959
  Edison International  
270,000 4.13%, 03/15/2028 260,902
635,000 5.25%, 11/15/2028 639,028
3,125,000 6.95%, 11/15/2029 3,394,982
755,000 Emera, Inc. 6.75%, 06/15/2076 739,263
1,185,000 Enel Finance International NV 5.00%, 06/15/2032(1) 1,157,789
  Evergy, Inc.  
730,000 2.45%, 09/15/2024 713,388
715,000 2.90%, 09/15/2029 647,503
  Eversource Energy  
2,255,000 5.13%, 05/15/2033 2,270,686
380,000 5.45%, 03/01/2028 390,912
1,265,000 5.95%, 02/01/2029 1,325,594
  Georgia Power Co.  
250,000 2.65%, 09/15/2029 226,643
940,000 4.30%, 03/15/2042 833,987
450,000 4.70%, 05/15/2032 448,876
85,000 4.95%, 05/17/2033 85,839
845,000 Investment Energy Resources Ltd. 6.25%, 04/26/2029(1) 798,246
1,465,000 IPALCO Enterprises, Inc. 3.70%, 09/01/2024 1,441,710
2,065,000 Kentucky Power Co. 7.00%, 11/15/2033(1) 2,223,431
645,000 Monongahela Power Co. 5.85%, 02/15/2034(1) 678,127
305,000 National Grid PLC 5.60%, 06/12/2028 314,486
870,000 National Rural Utilities Cooperative Finance Corp. 5.80%, 01/15/2033 922,998
  NextEra Energy Capital Holdings, Inc.  
1,235,000 1.88%, 01/15/2027 1,136,311
1,145,000 2.25%, 06/01/2030 980,003
1,780,000 4.63%, 07/15/2027 1,777,649
410,000 5.00%, 02/28/2030 414,917
1,035,000 5.00%, 07/15/2032 1,042,147
1,705,000 NRG Energy, Inc. 2.45%, 12/02/2027(1) 1,537,847
705,000 Oglethorpe Power Corp. 4.50%, 04/01/2047 600,306
755,000 Ohio Edison Co. 5.50%, 01/15/2033(1) 765,552
1,000,000 Oncor Electric Delivery Co. LLC 5.65%, 11/15/2033(1) 1,067,908
  Pacific Gas & Electric Co.  
3,780,000 2.50%, 02/01/2031 3,124,399
320,000 3.50%, 08/01/2050 221,703
260,000 4.40%, 03/01/2032 240,820
2,255,000 4.55%, 07/01/2030 2,147,367
529,000 5.25%, 03/01/2052 471,823
895,000 5.90%, 06/15/2032 911,691
3,475,000 6.10%, 01/15/2029 3,599,122
1,195,000 6.15%, 01/15/2033 1,240,805
 
The accompanying notes are an integral part of these financial statements.

83


Hartford Total Return Bond HLS Fund
Schedule of Investments – (continued)
December 31, 2023  

Shares or Principal Amount   Market Value†
CORPORATE BONDS - 30.9% - (continued)
  Electric - 4.2% - (continued)
$   1,365,000 6.40%, 06/15/2033 $     1,438,926
   340,000 PPL Capital Funding, Inc. 4.13%, 04/15/2030        324,265
   465,000 Public Service Enterprise Group, Inc. 6.13%, 10/15/2033        500,779
            Puget Energy, Inc.  
   885,000 2.38%, 06/15/2028        791,782
 2,070,000 3.65%, 05/15/2025      2,017,096
   130,000 4.10%, 06/15/2030        119,281
   130,000 4.22%, 03/15/2032        117,650
1,085,000 Sempra 5.40%, 08/01/2026 1,099,890
  Southern California Edison Co.  
1,390,000 2.85%, 08/01/2029 1,268,180
355,000 5.30%, 03/01/2028 364,738
  Southern Co.  
210,000 3.70%, 04/30/2030 198,131
1,170,000 5.20%, 06/15/2033 1,195,675
1,275,000 Southwestern Electric Power Co. 5.30%, 04/01/2033 1,277,515
  Virginia Electric & Power Co.  
356,000 2.45%, 12/15/2050 219,623
1,145,000 5.00%, 04/01/2033 1,160,950
720,000 Xcel Energy, Inc. 4.60%, 06/01/2032 703,071
      74,812,950
  Energy-Alternate Sources - 0.3%
2,650,000 Energo-Pro AS 8.50%, 02/04/2027(1) 2,595,860
1,085,000 FS Luxembourg SARL 10.00%, 12/15/2025(1) 1,112,686
1,422,000 Greenko Power II Ltd. 4.30%, 12/13/2028(7) 1,280,156
      4,988,702
  Engineering & Construction - 0.3%
1,615,000 IHS Holding Ltd. 6.25%, 11/29/2028(1) 1,305,727
3,127,589 International Airport Finance SA 12.00%, 03/15/2033(1)(9) 3,197,960
      4,503,687
  Entertainment - 0.3%
  Warnermedia Holdings, Inc.  
455,000 4.28%, 03/15/2032 416,971
400,000 5.39%, 03/15/2062 344,601
  WMG Acquisition Corp.  
725,000 3.75%, 12/01/2029(1) 659,729
4,525,000 3.88%, 07/15/2030(1) 4,093,420
      5,514,721
  Environmental Control - 0.3%
4,475,000 Clean Harbors, Inc. 4.88%, 07/15/2027(1) 4,385,946
1,145,000 Veralto Corp. 5.35%, 09/18/2028(1) 1,170,367
      5,556,313
  Food - 0.3%
411,000 Conagra Brands, Inc. 4.85%, 11/01/2028 410,683
345,000 General Mills, Inc. 4.95%, 03/29/2033 349,889
1,200,000 Minerva Luxembourg SA 8.88%, 09/13/2033(1) 1,268,753
3,070,000 NBM U.S. Holdings, Inc. 7.00%, 05/14/2026(1) 3,104,608
695,000 Sysco Corp. 5.75%, 01/17/2029 724,551
      5,858,484
  Gas - 0.5%
365,000 Atmos Energy Corp. 5.90%, 11/15/2033 396,707
1,440,000 Brooklyn Union Gas Co. 6.39%, 09/15/2033(1) 1,506,099
1,120,000 KeySpan Gas East Corp. 5.99%, 03/06/2033(1) 1,140,595
Shares or Principal Amount   Market Value†
CORPORATE BONDS - 30.9% - (continued)
  Gas - 0.5% - (continued)
            NiSource, Inc.  
$     500,000 3.49%, 05/15/2027 $       481,775
 1,690,000 3.60%, 05/01/2030      1,574,360
   585,000 5.25%, 03/30/2028        596,876
 1,045,000 5.40%, 06/30/2033      1,079,447
   985,000 Southern California Gas Co. 5.20%, 06/01/2033      1,014,743
280,000 Southern Co. Gas Capital Corp. 5.75%, 09/15/2033 294,724
780,000 Southwest Gas Corp. 2.20%, 06/15/2030 664,147
      8,749,473
  Hand/Machine Tools - 0.2%
  Regal Rexnord Corp.  
3,055,000 6.05%, 04/15/2028(1) 3,094,907
740,000 6.30%, 02/15/2030(1) 760,151
      3,855,058
  Healthcare - Products - 0.6%
  Alcon Finance Corp.  
1,164,000 2.75%, 09/23/2026(1) 1,094,133
560,000 3.00%, 09/23/2029(1) 510,254
455,000 5.38%, 12/06/2032(1) 470,276
340,000 5.75%, 12/06/2052(1) 367,034
3,220,000 Avantor Funding, Inc. 4.63%, 07/15/2028(1) 3,111,164
745,000 GE HealthCare Technologies, Inc. 5.86%, 03/15/2030 783,533
  Haleon U.S. Capital LLC  
1,005,000 3.38%, 03/24/2029 951,143
265,000 3.63%, 03/24/2032 244,831
2,812,000 Hologic, Inc. 4.63%, 02/01/2028(1) 2,698,712
      10,231,080
  Healthcare - Services - 0.7%
  Centene Corp.  
850,000 2.45%, 07/15/2028 758,498
95,000 3.38%, 02/15/2030 85,197
435,000 4.25%, 12/15/2027 419,316
5,230,000 4.63%, 12/15/2029 5,014,464
470,000 CommonSpirit Health 3.35%, 10/01/2029 429,638
1,760,000 HCA, Inc. 3.38%, 03/15/2029 1,625,414
  Humana, Inc.  
1,170,000 3.70%, 03/23/2029 1,125,204
240,000 5.75%, 12/01/2028 250,695
  Kaiser Foundation Hospitals  
355,000 2.81%, 06/01/2041 267,880
900,000 3.00%, 06/01/2051 643,998
200,000 Sutter Health 3.36%, 08/15/2050 149,086
  UnitedHealth Group, Inc.  
1,280,000 2.75%, 05/15/2040 968,827
190,000 3.50%, 08/15/2039 161,970
240,000 4.95%, 05/15/2062 237,682
365,000 5.35%, 02/15/2033 386,607
260,000 6.05%, 02/15/2063 301,095
      12,825,571
  Home Builders - 0.2%
  Taylor Morrison Communities, Inc.  
540,000 5.13%, 08/01/2030(1) 522,385
2,558,000 5.75%, 01/15/2028(1) 2,566,928
      3,089,313
  Household Products - 0.0%
840,000 Kenvue, Inc. 5.05%, 03/22/2053 872,708
  Insurance - 0.8%
580,000 Aon Corp./Aon Global Holdings PLC 5.35%, 02/28/2033 596,034
  Athene Global Funding  
1,985,000 2.65%, 10/04/2031(1) 1,615,582
 
The accompanying notes are an integral part of these financial statements.

84


Hartford Total Return Bond HLS Fund
Schedule of Investments – (continued)
December 31, 2023  

Shares or Principal Amount   Market Value†
CORPORATE BONDS - 30.9% - (continued)
  Insurance - 0.8% - (continued)
$   3,010,000 2.72%, 01/07/2029(1) $     2,619,995
   970,000 Athene Holding Ltd. 5.88%, 01/15/2034        980,502
            Corebridge Financial, Inc.  
   650,000 3.85%, 04/05/2029        612,689
   280,000 6.05%, 09/15/2033(1)        292,152
 3,090,000 Equitable Financial Life Global Funding 1.80%, 03/08/2028(1)      2,710,012
670,000 Equitable Holdings, Inc. 4.35%, 04/20/2028 647,481
560,000 Marsh & McLennan Cos., Inc. 4.75%, 03/15/2039 545,516
  Metropolitan Life Global Funding I  
2,485,000 2.40%, 01/11/2032(1) 2,064,304
770,000 5.15%, 03/28/2033(1) 784,971
600,000 Protective Life Global Funding 5.47%, 12/08/2028(1) 616,625
830,000 Willis North America, Inc. 3.60%, 05/15/2024 822,369
      14,908,232
  Internet - 0.5%
  Gen Digital, Inc.  
3,060,000 5.00%, 04/15/2025(1) 3,029,400
1,900,000 6.75%, 09/30/2027(1) 1,932,247
  Go Daddy Operating Co. LLC/GD Finance Co., Inc.  
770,000 3.50%, 03/01/2029(1) 695,418
3,995,000 5.25%, 12/01/2027(1) 3,914,733
      9,571,798
  Iron/Steel - 0.0%
620,000 Vale Overseas Ltd. 6.13%, 06/12/2033 643,394
  IT Services - 0.3%
5,541,000 Booz Allen Hamilton, Inc. 3.88%, 09/01/2028(1) 5,225,776
  Machinery-Diversified - 0.1%
445,000 Ingersoll Rand, Inc. 5.70%, 08/14/2033 471,098
1,221,000 Otis Worldwide Corp. 2.57%, 02/15/2030 1,088,984
      1,560,082
  Media - 1.1%
  Charter Communications Operating LLC/Charter Communications Operating Capital  
695,000 2.25%, 01/15/2029 603,637
640,000 3.50%, 03/01/2042 446,629
645,000 4.80%, 03/01/2050 499,911
290,000 5.13%, 07/01/2049 236,157
2,225,000 6.48%, 10/23/2045 2,193,773
55,000 6.83%, 10/23/2055 55,100
1,484,000 Comcast Corp. 2.94%, 11/01/2056 981,147
1,105,000 Cox Communications, Inc. 2.60%, 06/15/2031(1) 937,766
  Discovery Communications LLC  
545,000 3.63%, 05/15/2030 494,711
1,970,000 4.00%, 09/15/2055 1,407,504
790,000 5.20%, 09/20/2047 682,703
2,196,000 5.30%, 05/15/2049 1,891,435
  Paramount Global  
710,000 4.38%, 03/15/2043 526,252
1,300,000 4.95%, 01/15/2031 1,234,640
1,000,000 5.25%, 04/01/2044 803,897
  Sirius XM Radio, Inc.  
1,425,000 4.00%, 07/15/2028(1) 1,316,970
590,000 4.13%, 07/01/2030(1) 524,967
Shares or Principal Amount   Market Value†
CORPORATE BONDS - 30.9% - (continued)
  Media - 1.1% - (continued)
$   2,900,000 Time Warner Cable Enterprises LLC 8.38%, 07/15/2033 $     3,359,951
    780,000 Time Warner Cable LLC 6.55%, 05/01/2037       770,125
      18,967,275
  Mining - 0.4%
 2,575,000 Anglo American Capital PLC 2.63%, 09/10/2030(1)      2,193,988
 1,020,000 Corp. Nacional del Cobre de Chile 5.95%, 01/08/2034(1)      1,033,923
  Glencore Funding LLC  
   600,000 2.63%, 09/23/2031(1)        510,000
405,000 2.85%, 04/27/2031(1) 350,270
2,150,000 6.38%, 10/06/2030(1) 2,311,059
145,000 Southern Copper Corp. 6.75%, 04/16/2040 162,376
      6,561,616
  Office/Business Equipment - 0.3%
  CDW LLC/CDW Finance Corp.  
485,000 2.67%, 12/01/2026 453,553
5,768,000 3.25%, 02/15/2029 5,274,230
      5,727,783
  Oil & Gas - 1.5%
  Aker BP ASA  
1,367,000 2.00%, 07/15/2026(1) 1,260,366
465,000 3.10%, 07/15/2031(1) 398,388
525,000 5.60%, 06/13/2028(1) 535,646
1,055,000 6.00%, 06/13/2033(1) 1,097,854
  BP Capital Markets America, Inc.  
115,000 2.94%, 06/04/2051 80,030
2,025,000 4.81%, 02/13/2033 2,045,671
1,140,000 4.89%, 09/11/2033 1,161,839
  ConocoPhillips Co.  
365,000 4.03%, 03/15/2062 297,807
580,000 5.05%, 09/15/2033 597,105
1,050,000 5.70%, 09/15/2063 1,141,897
600,000 Diamondback Energy, Inc. 6.25%, 03/15/2033 641,823
  Ecopetrol SA  
790,000 4.63%, 11/02/2031 670,097
3,050,000 8.63%, 01/19/2029 3,250,028
  Energian Israel Finance Ltd.  
735,000 4.88%, 03/30/2026(7) 676,200
695,000 5.88%, 03/30/2031(7) 585,675
680,000 8.50%, 09/30/2033(7) 648,550
  Equinor ASA  
675,000 3.63%, 04/06/2040 584,648
320,000 3.70%, 04/06/2050 265,377
  Hess Corp.  
417,000 7.13%, 03/15/2033 482,839
430,000 7.30%, 08/15/2031 496,873
2,045,000 Leviathan Bond Ltd. 6.50%, 06/30/2027(7) 1,918,955
630,000 Marathon Oil Corp. 6.60%, 10/01/2037 667,622
  Occidental Petroleum Corp.  
167,000 6.13%, 01/01/2031 173,377
1,820,000 6.63%, 09/01/2030 1,935,588
85,000 7.50%, 05/01/2031 95,314
785,000 Ovintiv, Inc. 6.63%, 08/15/2037 814,735
  Patterson-UTI Energy, Inc.  
1,310,000 5.15%, 11/15/2029 1,252,620
565,000 7.15%, 10/01/2033 599,983
  Shell International Finance BV  
215,000 2.88%, 11/26/2041 163,467
620,000 3.00%, 11/26/2051 443,629
575,000 3.25%, 04/06/2050 433,926
2,200,000 Viper Energy, Inc. 5.38%, 11/01/2027(1) 2,158,939
      27,576,868
 
The accompanying notes are an integral part of these financial statements.

85


Hartford Total Return Bond HLS Fund
Schedule of Investments – (continued)
December 31, 2023  

Shares or Principal Amount   Market Value†
CORPORATE BONDS - 30.9% - (continued)
  Packaging & Containers - 0.3%
$   6,115,000 Ball Corp. 6.00%, 06/15/2029 $     6,244,669
  Pharmaceuticals - 0.2%
 1,560,000 Bayer U.S. Finance LLC 6.38%, 11/21/2030(1)      1,604,160
            CVS Health Corp.  
 1,095,000 2.70%, 08/21/2040        783,366
   435,000 4.13%, 04/01/2040        374,706
   755,000 5.13%, 02/21/2030        767,740
    525,000 5.25%, 01/30/2031       539,145
      4,069,117
  Pipelines - 1.6%
630,000 Cheniere Energy Partners LP 4.50%, 10/01/2029 601,306
1,370,000 Columbia Pipelines Holding Co. LLC 6.04%, 08/15/2028(1) 1,415,308
  Columbia Pipelines Operating Co. LLC  
820,000 5.93%, 08/15/2030(1) 849,035
1,255,000 6.04%, 11/15/2033(1) 1,316,444
800,000 6.54%, 11/15/2053(1) 884,435
1,485,000 EIG Pearl Holdings SARL 3.55%, 08/31/2036(1) 1,291,950
  Enbridge, Inc.  
2,520,000 5.70%, 03/08/2033 2,624,619
655,000 6.00%, 11/15/2028 688,289
1,540,000 8.50%, 01/15/2084, (8.50% fixed rate until 10/15/2033; 5 yr. USD CMT + 4.43% thereafter)(6) 1,638,107
  Energy Transfer LP  
1,060,000 5.25%, 04/15/2029 1,069,096
870,000 6.05%, 12/01/2026 894,129
1,785,000 6.40%, 12/01/2030 1,908,484
125,000 EQM Midstream Partners LP 6.50%, 07/01/2027(1) 127,261
528,146 Galaxy Pipeline Assets Bidco Ltd. 2.94%, 09/30/2040(1) 434,548
  Greensaif Pipelines Bidco SARL  
2,130,000 6.13%, 02/23/2038(1) 2,225,451
1,690,000 6.51%, 02/23/2042(1) 1,784,104
405,000 MPLX LP 1.75%, 03/01/2026 379,021
  ONEOK, Inc.  
210,000 3.10%, 03/15/2030 188,815
855,000 3.40%, 09/01/2029 788,656
335,000 4.35%, 03/15/2029 325,924
705,000 6.10%, 11/15/2032 750,482
  Targa Resources Corp.  
65,000 4.20%, 02/01/2033 59,910
185,000 6.13%, 03/15/2033 195,199
865,000 6.15%, 03/01/2029 905,639
570,000 6.25%, 07/01/2052 590,314
  Targa Resources Partners LP/Targa Resources Partners Finance Corp.  
840,000 4.00%, 01/15/2032 768,436
280,000 4.88%, 02/01/2031 271,676
400,000 Transcontinental Gas Pipe Line Co. LLC 3.25%, 05/15/2030 363,094
  Western Midstream Operating LP  
580,000 4.75%, 08/15/2028 566,259
980,000 6.15%, 04/01/2033 1,018,773
  Williams Cos., Inc.  
1,490,000 4.65%, 08/15/2032 1,453,365
725,000 5.65%, 03/15/2033 758,837
      29,136,966
  Real Estate Investment Trusts - 0.9%
  American Tower Corp.  
320,000 2.70%, 04/15/2031 275,200
Shares or Principal Amount   Market Value†
CORPORATE BONDS - 30.9% - (continued)
  Real Estate Investment Trusts - 0.9% - (continued)
$   1,145,000 3.80%, 08/15/2029 $     1,087,727
   880,000 5.80%, 11/15/2028        914,102
            Crown Castle, Inc.  
   960,000 2.90%, 03/15/2027        898,030
 2,780,000 4.80%, 09/01/2028      2,745,766
   785,000 5.00%, 01/11/2028        782,730
   710,000 5.60%, 06/01/2029        726,732
1,135,000 Equinix, Inc. 3.20%, 11/18/2029 1,043,843
  GLP Capital LP/GLP Financing II, Inc.  
435,000 4.00%, 01/15/2031 391,780
1,025,000 5.30%, 01/15/2029 1,018,102
1,535,000 5.75%, 06/01/2028 1,547,151
2,240,000 SBA Tower Trust 2.84%, 01/15/2050(1) 2,163,110
2,187,000 VICI Properties LP 4.95%, 02/15/2030 2,116,646
      15,710,919
  Retail - 0.5%
  AutoZone, Inc.  
765,000 4.75%, 08/01/2032 758,669
235,000 4.75%, 02/01/2033 231,809
670,000 6.55%, 11/01/2033 745,404
  FirstCash, Inc.  
3,352,000 4.63%, 09/01/2028(1) 3,129,167
1,735,000 5.63%, 01/01/2030(1) 1,661,149
1,755,000 O'Reilly Automotive, Inc. 4.70%, 06/15/2032 1,739,150
      8,265,348
  Semiconductors - 0.3%
  Intel Corp.  
350,000 3.10%, 02/15/2060 242,467
500,000 5.90%, 02/10/2063 559,914
  Marvell Technology, Inc.  
1,720,000 2.45%, 04/15/2028 1,553,899
85,000 2.95%, 04/15/2031 74,399
370,000 5.95%, 09/15/2033 393,327
385,000 NXP BV/NXP Funding LLC 5.55%, 12/01/2028 396,726
410,000 NXP BV/NXP Funding LLC/NXP USA, Inc. 4.30%, 06/18/2029 398,745
1,035,000 Qorvo, Inc. 3.38%, 04/01/2031(1) 886,165
      4,505,642
  Software - 1.3%
4,249,000 Black Knight InfoServ LLC 3.63%, 09/01/2028(1) 4,033,363
3,542,000 Fair Isaac Corp. 4.00%, 06/15/2028(1) 3,350,320
  MSCI, Inc.  
668,000 3.63%, 11/01/2031(1) 587,895
392,000 3.88%, 02/15/2031(1) 358,104
1,870,000 4.00%, 11/15/2029(1) 1,757,386
  Open Text Corp.  
3,075,000 3.88%, 12/01/2029(1) 2,757,024
2,515,000 6.90%, 12/01/2027(1) 2,614,984
600,000 Open Text Holdings, Inc. 4.13%, 12/01/2031(1) 530,535
  Oracle Corp.  
405,000 2.95%, 04/01/2030 365,840
2,900,000 3.85%, 04/01/2060 2,112,337
745,000 4.10%, 03/25/2061 570,227
70,000 4.13%, 05/15/2045 57,331
1,400,000 6.15%, 11/09/2029 1,508,045
3,245,000 SS&C Technologies, Inc. 5.50%, 09/30/2027(1) 3,197,595
      23,800,986
  Telecommunications - 0.6%
  AT&T, Inc.  
2,044,000 3.55%, 09/15/2055 1,477,762
1,266,000 3.80%, 12/01/2057 945,304
 
The accompanying notes are an integral part of these financial statements.

86


Hartford Total Return Bond HLS Fund
Schedule of Investments – (continued)
December 31, 2023  

Shares or Principal Amount   Market Value†
CORPORATE BONDS - 30.9% - (continued)
  Telecommunications - 0.6% - (continued)
$   3,170,000 Nokia OYJ 4.38%, 06/12/2027 $     3,069,366
   885,000 Rogers Communications, Inc. 3.80%, 03/15/2032        815,328
            T-Mobile USA, Inc.  
 2,235,000 3.88%, 04/15/2030      2,121,243
   815,000 5.05%, 07/15/2033        822,876
    830,000 5.75%, 01/15/2034       882,389
      10,134,268
  Trucking & Leasing - 0.4%
3,775,000 DAE Funding LLC 1.55%, 08/01/2024(1) 3,674,376
  Penske Truck Leasing Co. LP/PTL Finance Corp.  
1,145,000 2.70%, 11/01/2024(1) 1,113,603
1,185,000 4.00%, 07/15/2025(1) 1,159,153
1,170,000 4.40%, 07/01/2027(1) 1,141,597
430,000 6.05%, 08/01/2028(1) 446,337
      7,535,066
  Total Corporate Bonds
(cost $564,314,045)
$  552,931,752
FOREIGN GOVERNMENT OBLIGATIONS - 3.0%
  Angola - 0.1%
  Angola Government International Bonds  
1,600,000 8.00%, 11/26/2029(7) $  1,419,040
310,000 8.75%, 04/14/2032(1) 272,175
      1,691,215
  Benin - 0.1%
EUR  2,640,000 Benin Government International Bonds 4.95%, 01/22/2035(1) 2,289,575
  Bermuda - 0.1%
  Bermuda Government International Bonds  
$  735,000 2.38%, 08/20/2030(1) 629,079
1,825,000 5.00%, 07/15/2032(1) 1,810,400
      2,439,479
  Brazil - 0.5%
BRL  42,374,000 Brazil Notas do Tesouro Nacional 10.00%, 01/01/2031 8,614,893
  Chile - 0.1%
EUR  1,605,000 Chile Government International Bonds 1.25%, 01/22/2051 989,704
  Colombia - 0.2%
  Colombia Government International Bonds  
$  2,685,000 5.00%, 06/15/2045 2,079,828
395,000 5.20%, 05/15/2049 308,383
1,180,000 5.63%, 02/26/2044 990,626
      3,378,837
  Costa Rica - 0.1%
1,140,000 Costa Rica Government International Bonds 6.55%, 04/03/2034(1) 1,179,900
  Hungary - 0.4%
  Hungary Government International Bonds  
EUR  5,610,000 1.63%, 04/28/2032(7) 5,023,155
$  2,010,000 6.13%, 05/22/2028(1) 2,087,763
      7,110,918
  Indonesia - 0.2%
  Indonesia Government International Bonds  
EUR  3,795,000 1.10%, 03/12/2033 3,304,519
240,000 2.15%, 07/18/2024(7) 261,490
      3,566,009
Shares or Principal Amount   Market Value†
FOREIGN GOVERNMENT OBLIGATIONS - 3.0% - (continued)
  Ivory Coast - 0.1%
EUR   1,965,000 Ivory Coast Government International Bonds 4.88%, 01/30/2032(7) $     1,823,655
  Mexico - 0.0%
$     290,000 Mexico Government International Bonds 6.34%, 05/04/2053       295,226
  North Macedonia - 0.2%
            North Macedonia Government International Bonds  
EUR   1,825,000 2.75%, 01/18/2025(7)      1,964,232
  2,165,000 3.68%, 06/03/2026(1)     2,314,479
      4,278,711
  Panama - 0.0%
$  590,000 Panama Government International Bonds 6.88%, 01/31/2036 588,313
  Philippines - 0.2%
  Philippines Government International Bonds  
EUR  3,315,000 1.20%, 04/28/2033 2,929,103
710,000 1.75%, 04/28/2041 546,351
      3,475,454
  Poland - 0.0%
$  670,000 Bank Gospodarstwa Krajowego 5.38%, 05/22/2033(1) 678,785
  Romania - 0.5%
  Romania Government International Bonds  
EUR  2,970,000 2.63%, 12/02/2040(1) 2,196,691
6,785,000 2.75%, 04/14/2041(7) 5,018,502
1,315,000 3.38%, 02/08/2038(7) 1,134,006
      8,349,199
  Saudi Arabia - 0.2%
  Saudi Government International Bonds  
1,140,000 2.00%, 07/09/2039(7) 971,225
$  2,000,000 5.00%, 01/18/2053(1) 1,882,636
      2,853,861
  Total Foreign Government Obligations
(cost $64,526,650)
  $  53,603,734
MUNICIPAL BONDS - 1.4%
  Development - 0.3%
4,650,000 New York Transportation Dev Corp., NY, Rev 4.25%, 09/01/2035 $  4,531,789
  General - 0.6%
720,000 Chicago Transit Auth Sales Tax Receipts Fund, IL, Rev 3.91%, 12/01/2040 623,181
5,445,000 Philadelphia Auth for Industrial Dev, PA, Rev, (NATL Insured) 6.55%, 10/15/2028 5,801,144
4,130,000 State Board of Administration Finance Corp., FL, Rev 1.26%, 07/01/2025 3,918,668
      10,342,993
  School District - 0.2%
  Chicago Board of Education, IL, GO  
1,115,000 6.14%, 12/01/2039 1,054,958
2,280,000 6.32%, 11/01/2029 2,282,811
      3,337,769
  Transportation - 0.2%
2,790,000 Metropolitan Transportation Auth, NY, Rev 6.81%, 11/15/2040 3,091,244
 
The accompanying notes are an integral part of these financial statements.

87


Hartford Total Return Bond HLS Fund
Schedule of Investments – (continued)
December 31, 2023  

Shares or Principal Amount   Market Value†
MUNICIPAL BONDS - 1.4% - (continued)
  Utilities - 0.1%
$   2,395,000 Texas Natural Gas Securitization Finance Corp., TX, Rev 5.10%, 04/01/2035 $     2,440,835
  Utility - Electric - 0.0%
    731,000 Municipal Electric Auth of Georgia, GA, Rev 6.64%, 04/01/2057       834,133
  Total Municipal Bonds
(cost $26,378,582)
  $  24,578,763
SENIOR FLOATING RATE INTERESTS - 0.0%(10)
  Oil & Gas Services - 0.0%
749,867 PES Holdings LLC 0.00%, 12/31/2024, U.S. (Fed) Prime Rate + 1.50%(11)(12) $  7,499
  Total Senior Floating Rate Interests
(cost $749,867)
$  7,499
U.S. GOVERNMENT AGENCIES - 46.2%
  Mortgage-Backed Agencies - 46.2%
  Federal Home Loan Mortgage Corp. - 7.9%
45,482 0.00%, 11/15/2036(13)(14) $  37,068
19,138,185 0.60%, 03/25/2027(3)(4) 307,396
4,783,817 0.63%, 10/25/2026(3)(4) 64,636
17,216,296 0.72%, 12/25/2030(3)(4) 685,660
10,113,330 0.75%, 06/25/2027(3)(4) 212,695
4,230,217 0.88%, 11/25/2030(3)(4) 199,856
2,142,168 1.00%, 02/25/2051 1,796,895
7,725,528 1.02%, 10/25/2030(3)(4) 412,388
12,817,440 1.12%, 06/25/2030(3)(4) 739,703
9,316,210 1.50%, 05/15/2037(4) 541,063
844,748 1.50%, 11/01/2051 658,391
6,234,921 1.57%, 05/25/2030(3)(4) 486,359
645,008 1.75%, 10/15/2042 554,642
1,526,789 2.00%, 05/01/2036 1,379,593
637,527 2.00%, 06/01/2036 576,053
307,550 2.00%, 12/01/2040 264,807
1,914,641 2.00%, 05/01/2041 1,641,396
2,118,974 2.00%, 12/01/2041 1,811,269
1,699,988 2.00%, 10/01/2050 1,398,119
1,620,667 2.00%, 02/01/2051 1,347,109
8,504,739 2.00%, 03/01/2051 6,999,360
2,864,290 2.00%, 04/01/2051 2,351,028
1,620,331 2.00%, 05/01/2051 1,347,744
692,273 2.00%, 08/01/2051 567,146
699,709 2.00%, 11/01/2051 577,398
3,125,285 2.00%, 04/01/2052 2,586,611
3,758,580 2.00%, 06/15/2052(4) 462,033
196,352 2.50%, 05/15/2028(4) 7,210
964,837 2.50%, 05/01/2050 835,237
1,118,429 2.50%, 06/01/2050 962,806
6,403,737 2.50%, 07/01/2050 5,503,099
1,969,721 2.50%, 11/01/2050 1,687,687
597,940 2.50%, 02/01/2051 517,869
2,022,978 2.50%, 03/01/2051 1,733,419
2,473,404 2.50%, 03/25/2051(4) 347,805
747,935 2.50%, 05/01/2051 639,974
930,566 2.50%, 07/01/2051 798,051
657,965 2.50%, 08/01/2051 562,980
1,160,949 2.50%, 10/01/2051 993,488
2,973,674 2.50%, 03/15/2052(4) 418,942
1,922,338 2.50%, 03/25/2052 1,706,451
3,679,740 2.50%, 04/01/2052 3,135,413
423,330 3.00%, 03/15/2028(4) 17,567
634,273 3.00%, 08/01/2029 612,917
160,442 3.00%, 05/15/2032(4) 3,125
2,020,617 3.00%, 10/01/2032 1,931,533
317,654 3.00%, 03/15/2033(4) 26,237
Shares or Principal Amount   Market Value†
U.S. GOVERNMENT AGENCIES - 46.2% - (continued)
  Mortgage-Backed Agencies - 46.2% - (continued)
  Federal Home Loan Mortgage Corp. - 7.9% - (continued)
$   1,298,906 3.00%, 04/01/2033 $     1,235,121
 1,946,148 3.00%, 11/01/2036      1,815,577
 1,100,568 3.00%, 01/01/2037      1,026,769
 2,025,000 3.00%, 03/25/2040      1,766,132
   575,244 3.00%, 05/15/2046        531,826
 3,611,979 3.00%, 11/01/2046      3,292,914
   925,390 3.00%, 12/01/2046        843,279
803,513 3.00%, 07/01/2050 717,382
313,827 3.00%, 08/01/2051 280,618
2,836,995 3.00%, 09/25/2051(4) 456,720
2,126,523 3.00%, 10/01/2051 1,902,342
810,513 3.00%, 01/01/2052 727,862
1,025,929 3.00%, 05/01/2052 916,264
363,470 3.25%, 11/15/2041 336,438
78,133 3.50%, 09/15/2026(4) 2,314
73,464 3.50%, 03/15/2027(4) 1,660
849,537 3.50%, 05/15/2034(4) 64,136
1,364,551 3.50%, 08/01/2034 1,312,161
476,975 3.50%, 03/15/2041(4) 14,590
432,353 3.50%, 10/15/2045 394,873
358,960 3.50%, 06/01/2046 335,880
1,114,723 3.50%, 12/15/2046 1,007,586
1,227,731 3.50%, 10/01/2047 1,148,767
458,538 3.50%, 12/01/2047 428,443
6,618,187 3.50%, 03/01/2048 6,197,804
199,010 3.50%, 08/01/2048 186,216
390,286 4.00%, 08/01/2025 385,401
129,842 4.00%, 12/15/2026(4) 2,262
204,648 4.00%, 07/15/2027(4) 4,013
142,802 4.00%, 03/15/2028(4) 3,718
87,823 4.00%, 06/15/2028(4) 2,589
300,197 4.00%, 07/15/2030(4) 20,468
1,289,348 4.00%, 05/25/2040(4) 192,696
1,307,438 4.00%, 09/15/2041 1,253,962
1,139,097 4.00%, 05/01/2042 1,113,343
378,714 4.00%, 08/01/2042 369,368
569,641 4.00%, 09/01/2042 555,584
29,464 4.00%, 07/01/2044 28,875
105,266 4.00%, 06/01/2045 101,755
427,570 4.00%, 02/01/2046 413,312
141,216 4.00%, 04/01/2047 137,130
117,273 4.00%, 09/01/2048 113,263
2,587,973 4.00%, 04/01/2049 2,487,887
512,810 4.00%, 05/01/2049 495,009
1,930,908 4.00%, 07/01/2049 1,868,506
196,885 4.50%, 09/01/2044 194,991
979,104 4.75%, 07/15/2039 960,767
405,045 5.00%, 09/15/2033(4) 57,623
3,856 5.00%, 03/01/2039 3,928
117,853 5.00%, 08/01/2039 120,063
2,770 5.00%, 09/01/2039 2,791
6,858 5.00%, 12/01/2039 6,949
6,153 5.00%, 04/01/2041 6,268
13,977 5.00%, 04/01/2044 14,238
10,088 5.00%, 05/01/2044 10,183
510,398 5.00%, 02/15/2048(4) 100,656
595,457 5.00%, 08/01/2052 590,504
17,097,144 5.00%, 09/01/2052 16,946,819
1,670,336 5.00%, 04/01/2053 1,664,511
10,200 5.50%, 03/01/2028 10,257
26,040 5.50%, 04/01/2033 26,875
346,315 5.50%, 05/01/2034 357,425
6,189 5.50%, 05/01/2037 6,388
17,319 5.50%, 11/01/2037 17,875
32,158 5.50%, 02/01/2038 33,193
13,578 5.50%, 04/01/2038 14,015
 
The accompanying notes are an integral part of these financial statements.

88


Hartford Total Return Bond HLS Fund
Schedule of Investments – (continued)
December 31, 2023  

Shares or Principal Amount   Market Value†
U.S. GOVERNMENT AGENCIES - 46.2% - (continued)
  Mortgage-Backed Agencies - 46.2% - (continued)
  Federal Home Loan Mortgage Corp. - 7.9% - (continued)
$      17,391 5.50%, 06/01/2038 $        17,949
 1,820,425 5.50%, 08/01/2038      1,878,865
   183,317 5.50%, 09/01/2038        189,205
     3,540 5.50%, 12/01/2039          3,654
    47,596 5.50%, 02/01/2040         49,125
   159,239 5.50%, 05/01/2040        164,354
   153,563 5.50%, 08/01/2040        158,495
810,186 5.50%, 06/01/2041 836,208
660,063 5.50%, 10/15/2046(4) 133,702
2,332,530 5.50%, 02/01/2053 2,353,306
777 6.00%, 07/01/2029 805
83,866 6.00%, 10/01/2032 87,163
18,153 6.00%, 11/01/2032 18,797
102,956 6.00%, 12/01/2032 106,785
7,934 6.00%, 11/01/2033 8,285
17,759 6.00%, 01/01/2034 18,406
8,075 6.00%, 02/01/2034 8,429
82,409 6.00%, 08/01/2034 86,261
87,061 6.00%, 09/01/2034 91,123
103,756 6.00%, 01/01/2035 107,789
509,598 6.00%, 11/01/2037 533,351
1,343,787 6.00%, 12/01/2052 1,383,334
668,230 6.00%, 03/01/2053 687,525
112 6.50%, 08/01/2032 117
261,866 6.50%, 07/15/2036 267,235
57,035 6.50%, 12/01/2037 60,297
1,543,549 6.50%, 11/01/2053 1,589,100
28 7.50%, 09/01/2029 28
1,432,000 8.24%, 04/25/2042, 30 day USD SOFR Average + 2.90%(1)(2) 1,470,350
1,310,000 8.59%, 04/25/2043, 30 day USD SOFR Average + 3.25%(1)(2) 1,363,491
2,005,000 8.69%, 05/25/2042, 30 day USD SOFR Average + 3.35%(1)(2) 2,084,877
4,410,000 8.69%, 06/25/2043, 30 day USD SOFR Average + 3.35%(1)(2) 4,649,794
470,000 8.84%, 03/25/2042, 30 day USD SOFR Average + 3.50%(1)(2) 486,647
3,815,000 8.84%, 05/25/2043, 30 day USD SOFR Average + 3.50%(1)(2) 4,031,664
620,000 8.89%, 08/25/2042, 30 day USD SOFR Average + 3.55%(1)(2) 641,006
1,705,000 9.04%, 09/25/2042, 30 day USD SOFR Average + 3.70%(1)(2) 1,793,528
1,525,000 9.34%, 07/25/2042, 30 day USD SOFR Average + 4.00%(1)(2) 1,598,651
2,440,000 9.84%, 06/25/2042, 30 day USD SOFR Average + 4.50%(1)(2) 2,627,221
      141,674,284
  Federal National Mortgage Association - 14.6%
50,735 0.00%, 03/25/2036(13)(14) 43,714
439,234 0.00%, 06/25/2036(13)(14) 383,139
379,944 0.00%, 06/25/2041(13)(14) 288,866
7,595,603 0.30%, 01/25/2030(3)(4) 79,632
8,068,654 1.41%, 05/25/2029(3)(4) 379,097
1,060,606 1.48%, 05/25/2046(3)(4) 58,942
5,719,477 1.50%, 09/01/2051 4,461,476
331,955 1.50%, 10/01/2051 258,674
439,559 1.50%, 04/01/2052 342,976
1,101,110 1.70%, 04/25/2055(3)(4) 55,216
1,049,346 1.75%, 12/25/2042 919,512
1,580,452 2.00%, 05/01/2036 1,428,069
2,369,531 2.00%, 06/01/2036 2,141,088
1,774,895 2.00%, 08/01/2036 1,603,748
1,116,465 2.00%, 09/01/2036 1,008,798
Shares or Principal Amount   Market Value†
U.S. GOVERNMENT AGENCIES - 46.2% - (continued)
  Mortgage-Backed Agencies - 46.2% - (continued)
  Federal National Mortgage Association - 14.6% - (continued)
$     811,926 2.00%, 12/01/2036 $       733,620
   632,031 2.00%, 09/25/2039        555,173
 1,290,400 2.00%, 09/01/2040      1,111,273
 2,892,314 2.00%, 12/01/2040      2,490,733
 1,166,553 2.00%, 04/01/2041      1,001,348
   399,745 2.00%, 05/01/2041        342,740
 1,531,897 2.00%, 10/01/2041      1,310,575
7,592,161 2.00%, 12/01/2050 6,247,172
9,546,233 2.00%, 02/01/2051 7,851,993
14,059,280 2.00%, 03/01/2051 11,545,719
14,458,040 2.00%, 04/01/2051 11,872,912
1,585,553 2.00%, 05/01/2051 1,300,287
536,207 2.00%, 07/01/2051 440,069
703,571 2.00%, 10/01/2051 583,770
3,681,820 2.00%, 03/25/2052(4) 462,069
24,525 2.00%, 04/01/2052 20,069
732,919 2.01%, 06/25/2055(3)(4) 43,170
827,052 2.03%, 08/25/2044(3)(4) 36,095
800,230 2.25%, 04/01/2033 670,744
185,621 2.50%, 06/25/2028(4) 6,683
2,128,936 2.50%, 09/01/2040 1,897,263
90,578 2.50%, 01/01/2043 79,815
2,125,494 2.50%, 02/01/2043 1,872,850
716,283 2.50%, 03/01/2043 631,233
1,558,588 2.50%, 05/01/2043 1,361,007
1,227,683 2.50%, 06/01/2043 1,081,854
680,991 2.50%, 04/01/2045 593,332
974,905 2.50%, 04/01/2050 836,967
1,118,752 2.50%, 06/01/2050 960,813
192,320 2.50%, 07/01/2050 164,871
1,744,810 2.50%, 09/01/2050 1,496,324
3,034,000 2.50%, 10/01/2050 2,624,031
1,281,333 2.50%, 01/01/2051 1,105,071
3,040,480 2.50%, 02/25/2051(4) 488,528
20,070,637 2.50%, 05/01/2051 17,223,050
2,516,047 2.50%, 06/01/2051 2,144,068
1,450,177 2.50%, 07/01/2051 1,242,725
996,027 2.50%, 09/01/2051 852,435
6,724,795 2.50%, 10/01/2051 5,750,258
14,273,664 2.50%, 11/01/2051 12,301,917
1,721,128 2.50%, 12/01/2051 1,481,181
1,659,471 2.50%, 01/01/2052 1,429,251
2,474,597 2.50%, 03/01/2052 2,115,053
1,719,148 2.50%, 04/01/2052 1,471,012
3,135,296 2.50%, 06/25/2052(4) 468,712
2,320,036 2.50%, 09/25/2052(4) 354,320
2,190,978 2.50%, 01/01/2057 1,864,917
138,208 3.00%, 02/25/2027(4) 1,621
150,026 3.00%, 09/25/2027(4) 5,131
876,679 3.00%, 01/25/2028(4) 28,518
1,889,353 3.00%, 04/25/2033(4) 119,986
533,910 3.00%, 08/01/2033 510,151
1,300,416 3.00%, 03/01/2037 1,211,449
1,695,453 3.00%, 03/25/2043 1,509,424
1,839,155 3.00%, 04/25/2043 1,666,964
1,165,219 3.00%, 09/01/2048 1,059,213
1,209,979 3.00%, 08/25/2049 1,096,515
171,341 3.00%, 12/01/2049 153,749
790,480 3.00%, 02/01/2050 712,915
2,782,544 3.00%, 08/01/2050 2,493,670
1,126,799 3.00%, 10/01/2050 1,007,610
1,536,976 3.00%, 12/01/2050 1,374,403
501,122 3.00%, 04/01/2051 447,807
1,481,218 3.00%, 05/01/2051 1,336,806
289,089 3.00%, 06/01/2051 256,632
359,928 3.00%, 07/01/2051 319,951
 
The accompanying notes are an integral part of these financial statements.

89


Hartford Total Return Bond HLS Fund
Schedule of Investments – (continued)
December 31, 2023  

Shares or Principal Amount   Market Value†
U.S. GOVERNMENT AGENCIES - 46.2% - (continued)
  Mortgage-Backed Agencies - 46.2% - (continued)
  Federal National Mortgage Association - 14.6% - (continued)
$   4,047,613 3.00%, 08/01/2051 $     3,616,984
 2,801,330 3.00%, 09/01/2051      2,496,260
 4,348,338 3.00%, 10/01/2051      3,876,272
 4,683,152 3.00%, 11/01/2051      4,158,208
 2,189,022 3.00%, 12/01/2051      1,956,073
   995,513 3.00%, 01/01/2052        885,934
 1,172,854 3.00%, 04/01/2052      1,050,786
1,480,156 3.00%, 05/01/2052 1,322,819
153,693 3.50%, 05/25/2027(4) 5,385
261,528 3.50%, 10/25/2027(4) 10,756
401,289 3.50%, 05/25/2030(4) 24,615
108,948 3.50%, 08/25/2030(4) 5,369
121,631 3.50%, 02/25/2031(4) 3,187
315,923 3.50%, 09/25/2035(4) 29,885
1,957,871 3.50%, 11/25/2039(4) 173,854
1,678,000 3.50%, 01/25/2042 1,547,142
2,179,123 3.50%, 11/25/2042 2,020,165
657,412 3.50%, 10/01/2044 615,646
651,694 3.50%, 02/01/2045 608,972
584,512 3.50%, 01/01/2046 546,261
438,618 3.50%, 03/01/2046 409,866
1,016,378 3.50%, 09/01/2046 950,444
481,986 3.50%, 10/01/2046 450,384
364,884 3.50%, 10/25/2046(4) 63,576
556,467 3.50%, 11/01/2046 522,867
742,791 3.50%, 05/01/2047 694,091
1,657,163 3.50%, 09/01/2047 1,550,307
305,292 3.50%, 12/01/2047 287,042
1,053,265 3.50%, 01/01/2048 984,183
250,095 3.50%, 02/01/2048 234,895
1,160,333 3.50%, 07/01/2048 1,084,253
2,503,176 3.50%, 04/01/2052 2,312,632
4,157,014 3.50%, 09/01/2057 3,775,791
2,374,636 3.50%, 05/01/2058 2,156,868
2,361,936 3.50%, 12/25/2058 2,152,613
1,620,000 3.52%, 11/01/2032 1,509,142
135,093 4.00%, 06/01/2025 132,833
69,057 4.00%, 10/01/2025 68,167
1,327,679 4.00%, 10/01/2040 1,296,225
540,321 4.00%, 11/01/2040 527,403
403,686 4.00%, 12/01/2040 394,177
196,994 4.00%, 02/01/2041 192,274
541,202 4.00%, 03/01/2041 527,782
1,336,699 4.00%, 06/01/2041 1,318,432
198,284 4.00%, 03/25/2042(4) 23,547
231,633 4.00%, 08/01/2042 225,601
542,604 4.00%, 09/01/2042 528,477
123,059 4.00%, 11/25/2042(4) 12,050
75,346 4.00%, 03/01/2045 72,732
454,943 4.00%, 07/01/2045 439,308
293,779 4.00%, 03/01/2046 284,218
121,347 4.00%, 05/01/2046 117,136
532,709 4.00%, 06/01/2046 514,059
510,476 4.00%, 04/01/2047 492,934
1,267,105 4.00%, 10/01/2047 1,223,132
3,080,458 4.00%, 06/01/2048 2,973,724
585,755 4.00%, 09/01/2048 564,094
374,604 4.00%, 01/01/2049 363,224
3,352,816 4.00%, 04/01/2049 3,205,820
130,546 4.00%, 08/01/2049 126,394
2,357,644 4.00%, 04/01/2050 2,269,971
381,330 4.00%, 08/01/2051 371,397
1,561,469 4.00%, 06/01/2052 1,485,003
1,163,291 4.03%, 06/01/2028 1,148,036
1,475,000 4.19%, 04/01/2028 1,463,554
571,672 4.37%, 05/01/2028 573,460
Shares or Principal Amount   Market Value†
U.S. GOVERNMENT AGENCIES - 46.2% - (continued)
  Mortgage-Backed Agencies - 46.2% - (continued)
  Federal National Mortgage Association - 14.6% - (continued)
$   1,065,000 4.41%, 04/01/2030 $     1,062,693
 1,380,916 4.46%, 05/01/2028      1,384,753
    30,197 4.50%, 04/01/2025         30,034
    39,197 4.50%, 07/25/2027(4)            523
   349,607 4.50%, 09/01/2035        350,691
 1,171,542 4.50%, 12/01/2037      1,173,493
 1,140,858 4.50%, 08/01/2040      1,140,304
1,108,864 4.50%, 10/01/2040 1,108,671
538,617 4.50%, 10/01/2041 538,523
1,297,075 4.50%, 08/25/2043(4) 245,153
464,933 4.50%, 09/01/2043 464,851
589,842 4.50%, 04/01/2049 581,725
2,547,999 4.50%, 01/01/2051 2,516,088
1,811,931 4.50%, 03/01/2053 1,758,863
710,762 4.51%, 05/01/2033 710,990
678,512 4.64%, 10/01/2033 686,117
380,000 4.75%, 04/01/2028 385,695
14,572 5.00%, 06/01/2025 14,655
169,476 5.00%, 04/25/2038 165,748
2,003,543 5.00%, 07/01/2052 1,986,888
1,320,319 5.00%, 08/01/2052 1,309,338
16,313,484 5.00%, 09/01/2052 16,162,837
2,050,000 5.07%, 12/01/2028 2,117,715
81,040 5.50%, 06/01/2033 83,519
64,483 5.50%, 08/01/2033 66,458
434,649 5.50%, 09/01/2033 447,951
396,638 5.50%, 12/01/2033 408,778
274,679 5.50%, 01/01/2034 283,088
1,483,634 5.50%, 11/01/2035 1,529,104
412,192 5.50%, 04/01/2036 424,834
324,302 5.50%, 09/01/2036 334,226
237,501 5.50%, 04/25/2037 243,284
1,251,378 5.50%, 11/25/2040(4) 155,818
878,327 5.50%, 06/25/2042(4) 187,004
1,164,065 5.50%, 08/25/2044(4) 203,686
809,466 5.50%, 11/01/2052 815,351
4,607,323 5.50%, 12/01/2052 4,642,873
2,385,977 5.50%, 06/01/2053 2,400,781
28,799 5.54%, 05/25/2042(3)(4) 2,052
183,334 6.00%, 12/01/2032 190,186
149,055 6.00%, 01/01/2033 154,336
20,963 6.00%, 02/01/2033 21,559
144,604 6.00%, 03/01/2033 149,788
363,384 6.00%, 02/01/2037 379,822
740,704 6.00%, 01/25/2042(4) 60,956
1,428,225 6.00%, 05/01/2053 1,472,720
137 6.50%, 05/01/2031 141
505 6.50%, 09/01/2031 524
519 6.50%, 07/01/2032 533
2,641,119 6.50%, 11/01/2053 2,719,061
475 7.00%, 07/01/2029 490
63 7.00%, 12/01/2030 65
65 7.00%, 03/01/2032 67
448 7.00%, 09/01/2032 462
451 7.50%, 06/01/2027 456
5,818 7.50%, 03/01/2030 5,923
5,529 7.50%, 04/01/2030 5,557
578 7.50%, 06/01/2030 592
992 7.50%, 07/01/2030 1,014
293 7.50%, 08/01/2030 299
3,091 7.50%, 05/01/2031 3,129
3,793 7.50%, 06/01/2031 3,795
378 7.50%, 08/01/2031 383
14,811 7.50%, 09/01/2031 14,819
34 7.50%, 05/01/2032 35
      261,625,092
 
The accompanying notes are an integral part of these financial statements.

90


Hartford Total Return Bond HLS Fund
Schedule of Investments – (continued)
December 31, 2023  

Shares or Principal Amount   Market Value†
U.S. GOVERNMENT AGENCIES - 46.2% - (continued)
  Mortgage-Backed Agencies - 46.2% - (continued)
  Government National Mortgage Association - 7.5%
$   2,500,409 2.00%, 10/20/2050 $     2,119,443
 4,797,105 2.00%, 12/20/2050      4,066,182
11,225,000 2.00%, 01/20/2054(15)      9,513,187
   444,528 2.50%, 12/16/2039        410,023
   842,895 2.50%, 07/20/2041        750,680
 2,673,132 2.50%, 10/20/2049      2,358,636
 1,986,416 2.50%, 11/20/2049      1,746,940
1,574,004 2.50%, 03/20/2051 1,377,938
2,241,105 2.50%, 09/20/2051 1,961,950
7,480,954 2.50%, 10/20/2051 6,548,786
4,820,000 2.50%, 01/20/2054(15) 4,220,512
171,736 3.00%, 09/20/2028(4) 5,997
2,320,477 3.00%, 05/20/2035(4) 132,992
267,810 3.00%, 02/16/2043(4) 32,923
1,413,949 3.00%, 03/15/2045 1,271,099
67,621 3.00%, 04/15/2045 60,793
1,190,465 3.00%, 07/15/2045 1,070,421
26,612 3.00%, 08/15/2045 23,923
7,577,820 3.00%, 04/20/2051 6,889,777
2,268,765 3.00%, 08/20/2051 2,060,246
2,889,738 3.00%, 09/20/2051 2,620,019
7,388,626 3.00%, 12/20/2051 6,694,857
1,520,867 3.00%, 02/20/2052 1,374,289
3,677,913 3.00%, 07/20/2052 3,332,191
58,636 3.50%, 02/16/2027(4) 1,475
177,422 3.50%, 03/20/2027(4) 5,622
124,619 3.50%, 07/20/2040(4) 2,959
135,835 3.50%, 02/20/2041(4) 2,500
503,438 3.50%, 04/20/2042(4) 20,425
1,481,447 3.50%, 10/20/2042(4) 228,833
180,794 3.50%, 11/15/2042 170,974
4,380 3.50%, 12/15/2042 4,142
104,983 3.50%, 02/15/2043 99,281
5,280 3.50%, 03/15/2043 4,993
866,141 3.50%, 04/15/2043 819,077
2,013,031 3.50%, 05/15/2043 1,904,065
129,774 3.50%, 05/20/2043(4) 20,273
526,474 3.50%, 07/20/2043(4) 82,427
1,083,160 3.50%, 03/20/2044 1,027,983
1,392,577 3.50%, 06/20/2046 1,313,739
354,219 3.50%, 07/20/2046 334,144
368,120 3.50%, 10/20/2046 347,198
1,472,564 3.50%, 02/20/2047 1,388,649
432,433 3.50%, 08/20/2047 407,560
301,404 3.50%, 11/20/2047 284,000
370,991 3.50%, 03/20/2048 349,505
1,134,672 3.50%, 07/20/2049 1,068,097
10,779,000 3.50%, 01/20/2054(15) 10,045,523
877,784 3.88%, 08/15/2042 850,190
33,582 4.00%, 12/16/2026(4) 402
524,789 4.00%, 05/20/2029(4) 12,853
1,602,530 4.00%, 07/20/2040 1,571,714
1,760,082 4.00%, 09/20/2040 1,726,255
2,788,155 4.00%, 10/20/2040 2,732,536
735,577 4.00%, 12/20/2040 720,524
157,864 4.00%, 05/16/2042(4) 16,163
2,268,140 4.00%, 09/16/2042(4) 448,648
278,065 4.00%, 03/20/2043(4) 49,209
126,056 4.00%, 01/20/2044(4) 20,015
906,528 4.00%, 01/16/2046(4) 141,362
819,368 4.00%, 03/20/2047(4) 119,386
401,728 4.00%, 11/20/2047 385,728
1,106,056 4.00%, 03/20/2048 1,062,612
2,822,909 4.00%, 07/20/2048 2,715,002
6,950,000 4.00%, 01/20/2054(15) 6,639,422
50,100 4.50%, 11/15/2039 49,350
Shares or Principal Amount   Market Value†
U.S. GOVERNMENT AGENCIES - 46.2% - (continued)
  Mortgage-Backed Agencies - 46.2% - (continued)
  Government National Mortgage Association - 7.5% - (continued)
$     495,280 4.50%, 05/15/2040 $       492,821
 1,771,846 4.50%, 05/20/2040      1,773,874
    91,218 4.50%, 07/15/2041         89,828
   440,376 4.50%, 04/20/2045(4)         89,396
 1,625,837 4.50%, 08/20/2045(4)        282,632
   154,357 4.50%, 01/20/2046        154,373
 1,116,692 4.50%, 01/20/2047(4)        137,847
1,195,026 4.50%, 05/20/2048(4) 171,170
343,146 4.50%, 05/20/2052 335,422
1,001,094 4.50%, 08/20/2052 977,934
915,566 4.50%, 09/20/2052 894,196
4,112,791 4.50%, 10/20/2052 4,016,585
1,047,703 5.00%, 02/16/2040(4) 211,184
932,966 5.00%, 05/20/2040 950,711
740,684 5.00%, 06/20/2040 754,768
290,732 5.00%, 07/20/2040 296,262
556,297 5.00%, 06/15/2041 576,764
602,490 5.00%, 10/16/2041(4) 93,582
787,244 5.00%, 03/15/2044 818,022
219,551 5.00%, 01/16/2047(4) 48,170
3,897,054 5.00%, 07/15/2052 3,835,171
204,385 5.50%, 03/15/2033 206,765
327,878 5.50%, 04/15/2033 331,696
311,145 5.50%, 05/15/2033 314,730
427,840 5.50%, 10/20/2034 445,302
733,264 5.50%, 03/20/2039(4) 112,856
737,924 5.50%, 02/16/2047(4) 117,057
467,562 5.50%, 02/20/2047(4) 78,719
13,050,000 5.50%, 01/20/2054(15) 13,136,660
417 6.00%, 01/15/2029 424
360 6.00%, 04/15/2029 362
15,017 6.00%, 12/15/2031 15,291
360 6.00%, 10/15/2032 374
9,217 6.00%, 06/15/2033 9,427
197 6.00%, 03/15/2034 202
16,566 6.00%, 08/15/2034 17,086
26,584 6.00%, 09/15/2034 27,582
18,915 6.00%, 02/15/2035 19,593
31,405 6.00%, 03/15/2036 32,537
36,991 6.00%, 05/15/2036 37,829
81,650 6.00%, 06/15/2036 83,983
8,916 6.00%, 06/15/2037 9,172
20,831 6.00%, 08/15/2037 21,485
31,045 6.00%, 08/15/2039 31,736
745,523 6.00%, 09/20/2040(4) 132,662
53,831 6.00%, 06/15/2041 55,751
724,164 6.00%, 02/20/2046(4) 125,859
11,843 6.50%, 06/15/2028 12,175
527 6.50%, 08/15/2028 540
1,399 6.50%, 09/15/2028 1,439
721 6.50%, 11/15/2028 742
2,885 6.50%, 12/15/2028 2,972
6,273 6.50%, 02/15/2029 6,454
56,020 6.50%, 03/15/2029 57,789
14,038 6.50%, 04/15/2029 14,471
4,756 6.50%, 05/15/2029 4,894
75,304 6.50%, 06/15/2029 77,129
2,269 6.50%, 07/15/2029 2,344
92 6.50%, 03/15/2031 94
72,895 6.50%, 04/15/2031 75,107
20,698 6.50%, 05/15/2031 21,375
4,343 6.50%, 06/15/2031 4,471
88,031 6.50%, 07/15/2031 90,735
14,852 6.50%, 08/15/2031 15,311
23,395 6.50%, 09/15/2031 24,188
74,948 6.50%, 10/15/2031 77,152
 
The accompanying notes are an integral part of these financial statements.

91


Hartford Total Return Bond HLS Fund
Schedule of Investments – (continued)
December 31, 2023  

Shares or Principal Amount   Market Value†
U.S. GOVERNMENT AGENCIES - 46.2% - (continued)
  Mortgage-Backed Agencies - 46.2% - (continued)
  Government National Mortgage Association - 7.5% - (continued)
$     146,281 6.50%, 11/15/2031 $       150,528
    29,851 6.50%, 12/15/2031         31,288
    93,836 6.50%, 01/15/2032         97,081
    16,495 6.50%, 02/15/2032         17,148
    24,976 6.50%, 03/15/2032         25,711
    91,941 6.50%, 04/15/2032         94,905
       213 6.50%, 05/15/2032            220
12,679 6.50%, 06/15/2032 13,041
177 7.00%, 02/15/2031 179
79 7.00%, 06/15/2031 80
57 7.00%, 08/15/2031 58
      133,124,092
  Uniform Mortgage-Backed Security - 16.2%
25,605,000 2.00%, 01/01/2054(15) 20,932,087
3,925,000 2.50%, 01/01/2039(15) 3,611,460
9,193,000 2.50%, 01/01/2054(15) 7,826,978
1,010,000 3.00%, 01/01/2039(15) 952,241
2,085,000 3.50%, 01/01/2039(15) 2,003,555
58,232,000 4.50%, 01/01/2054(15) 56,510,062
14,175,000 5.00%, 01/01/2054(15) 14,038,787
48,855,000 5.50%, 01/01/2054(15) 49,103,092
96,910,000 6.00%, 01/01/2054(15) 98,469,645
10,935,000 6.50%, 01/01/2054(15) 11,206,239
23,500,000 7.00%, 01/01/2054(15) 24,239,883
      288,894,029
  Total U.S. Government Agencies
(cost $850,280,780)
  $  825,317,497
U.S. GOVERNMENT SECURITIES - 14.0%
  U.S. Treasury Securities - 14.0%
  U.S. Treasury Bonds - 12.2%
24,645,000 1.25%, 05/15/2050 $  13,356,435
5,115,000 1.88%, 11/15/2051 3,251,222
7,090,000 2.25%, 08/15/2046 5,063,534
15,065,000 2.25%, 02/15/2052 10,497,833
7,860,000 2.38%, 11/15/2049 5,667,797
90,455,000 2.88%, 08/15/2045(16) 73,236,750
6,175,000 3.00%, 02/15/2047 5,070,254
20,715,000 3.13%, 08/15/2044(17) 17,609,368
14,975,000 3.38%, 08/15/2042 13,403,210
26,860,000 3.38%, 05/15/2044(18) 23,773,198
35,500,000 3.38%, 11/15/2048 31,072,207
3,565,000 3.63%, 08/15/2043 3,289,687
12,035,000 3.63%, 05/15/2053 11,181,267
1,635,000 3.75%, 11/15/2043 1,533,643
      218,006,405
  U.S. Treasury Inflation-Protected Bonds - 0.8%
22,809,864 0.25%, 02/15/2050(19) 14,997,932
  U.S. Treasury Inflation-Protected Notes - 1.0%
7,058,922 0.75%, 07/15/2028(19) 6,763,743
10,875,199 1.38%, 07/15/2033(19) 10,578,113
      17,341,856
  Total U.S. Government Securities
(cost $321,788,804)
  $  250,346,193
COMMON STOCKS - 0.0%
  Energy - 0.0%
30,559 PES Energy Liquidating Trust*(20) $  —
  Total Common Stocks
(cost $265,121)
  $  —
Shares or Principal Amount   Market Value†
PREFERRED STOCKS - 0.1%
  Banks - 0.1%
     2,242 U.S. Bancorp Series A, 6.68%(8) $     1,834,472
  Total Preferred Stocks
(cost $1,591,820)
  $  1,834,472
  Total Long-Term Investments
(cost $2,226,553,840)
  $ 2,076,868,542
SHORT-TERM INVESTMENTS - 0.3%
  Repurchase Agreements - 0.3%
$   5,363,968 Fixed Income Clearing Corp. Repurchase Agreement dated 12/29/2023 at 5.32%, due on 01/02/2024 with a maturity value of $5,367,139; collateralized by U.S. Treasury Inflation Index Note at 0.13%, maturing 07/15/2031, with a market value of $5,471,267 $     5,363,968
  Securities Lending Collateral - 0.0%
    28,912 Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 5.25%(21)         28,912
96,375 HSBC U.S. Government Money Market Fund, Institutional Class, 5.31%(21) 96,375
28,913 Invesco Government & Agency Portfolio, Institutional Class, 5.28%(21) 28,913
28,913 Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 5.27%(21) 28,913
      183,113
  Total Short-Term Investments
(cost $5,547,081)
$  5,547,081
  Total Investments
(cost $2,232,100,921)
116.5% $ 2,082,415,623
  Other Assets and Liabilities (16.5)% (294,803,625)
  Total Net Assets 100.0% $ 1,787,611,998
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 December 31, 2023, the aggregate value of these securities was $523,624,590, representing 29.3% of net assets.
(2) Variable rate securities; the rate reported is the coupon rate in effect at December 31, 2023. Base lending rates may be subject to a floor or cap.
 
The accompanying notes are an integral part of these financial statements.

92


Hartford Total Return Bond HLS Fund
Schedule of Investments – (continued)
December 31, 2023  

(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) Fixed to variable rate investment. The rate shown reflects the fixed rate in effect at December 31, 2023. Rate will reset at a future date. Base lending rates may be subject to a floor or cap.
(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 December 31, 2023, the aggregate value of these securities was $29,723,291, representing 1.7% of net assets.
(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) 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 Secured Overnight Financing Rate ("SOFR") and secondarily, the prime rate offered by one or more major United States banks (the "Prime Rate"). Senior floating rate interests often require prepayments from excess cash flows or permit the borrower to repay at its election. The rate at which the borrower repays cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. 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 December 31, 2023.
(11) Non-income producing. For long-term debt securities, items identified are in default as to payment of interest and/or principal.
(12) Security has the ability to pay in kind (“PIK”) or pay income in cash. When applicable, separate rates of such payments are disclosed.
(13) Securities disclosed are principal-only strips.
(14) Security is a zero-coupon bond.
(15) Represents or includes a TBA transaction.
(16) All, or a portion of the security, was pledged as collateral in connection with forward foreign currency exchange contracts. As of December 31, 2023, the market value of securities pledged was $72,059.
(17) All, or a portion of the security, was pledged as collateral in connection with futures contracts. As of December 31, 2023, the market value of securities pledged was $7,140,656.
(18) All, or a portion of the security, was pledged as collateral in connection with centrally cleared swap contracts. As of December 31, 2023, the market value of securities pledged was $5,841,516.
(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) Investment valued using significant unobservable inputs.
(21) Current yield as of period end.
 
Futures Contracts Outstanding at December 31, 2023
Description   Number of
Contracts
  Expiration
Date
  Current
Notional
Amount
  Value and
Unrealized
Appreciation/
(Depreciation)
Long position contracts:
U.S. Treasury 2-Year Note Future   836   03/28/2024   $ 172,144,156   $  1,820,706
U.S. Treasury 5-Year Note Future   2,393   03/28/2024   260,294,837   6,462,409
U.S. Treasury 10-Year Note Future   198   03/19/2024   22,352,344   (14,844)
U.S. Treasury 10-Year Ultra Future   200   03/19/2024   23,603,125   107,060
Total               $  8,375,331
Short position contracts:
Canadian 10-Year Bond Future   533   03/19/2024   $  49,951,278   $ (2,137,631)
Euro BTP Future   91   03/07/2024   11,969,745   (353,034)
Euro BUXL 30-Year Bond Future   81   03/07/2024   12,672,597   (804,543)
Euro-BUND Future   147   03/07/2024   22,268,154   (564,875)
U.S. Treasury Long Bond Future   136   03/19/2024   16,991,500   (1,306,056)
U.S. Treasury Ultra Bond Future   264   03/19/2024   35,268,750   (3,410,575)
Total               $ (8,576,714)
Total futures contracts   $  (201,383)
    
TBA Sale Commitments Outstanding at December 31, 2023
Description   Principal
Amount
  Maturity
Date
  Market
Value
  Unrealized
Appreciation/
(Depreciation)
Government National Mortgage Association, 3.00%   $ 8,029,000   01/20/2054   $  (7,276,524)   $ (181,979)
The accompanying notes are an integral part of these financial statements.

93


Hartford Total Return Bond HLS Fund
Schedule of Investments – (continued)
December 31, 2023  

TBA Sale Commitments Outstanding at December 31, 2023 – (continued)
Description   Principal
Amount
  Maturity
Date
  Market
Value
  Unrealized
Appreciation/
(Depreciation)
Government National Mortgage Association, 4.50%   $ 2,250,000   01/20/2054   $  (2,197,090)   $  352
Government National Mortgage Association, 5.00%   10,900,000   01/20/2054   (10,835,281)   (18,734)
Uniform Mortgage-Backed Security, 2.00%   1,100,000   01/01/2039   (987,698)   (13,038)
Uniform Mortgage-Backed Security, 2.50%   5,368,000   01/01/2054   (4,570,349)   (145,010)
Uniform Mortgage-Backed Security, 3.00%   15,305,000   01/01/2054   (13,559,735)   (404,166)
Uniform Mortgage-Backed Security, 3.50%   2,031,000   01/01/2054   (1,865,505)   (48,712)
Uniform Mortgage-Backed Security, 4.00%   11,660,000   01/01/2054   (11,041,929)   (114,162)
Uniform Mortgage-Backed Security, 4.50%   3,936,000   01/01/2039   (3,916,935)   (53,107)
Uniform Mortgage-Backed Security, 5.50%   4,116,000   01/01/2054   (4,136,901)   (59,071)
Total TBA sale commitments (proceeds receivable $59,350,320)   $ (60,387,947)   $ (1,037,627)
At December 31, 2023, the aggregate market value of TBA Sale Commitments represents (3.4)% of total net assets.
    
Centrally Cleared Credit Default Swap Contracts Outstanding at December 31, 2023
Reference Entity   Notional
Amount(1)
  (Pay)/Receive
Fixed Rate
  Expiration
Date
  Periodic
Payment
Frequency
  Upfront
Premiums
Paid
  Upfront
Premiums
Received
  Value   Unrealized
Appreciation/
(Depreciation)
Credit default swaps on indices:    
Buy protection:    
CDX.EM.S40.V1   USD 13,270,000   (1.00%)   12/20/2028   Quarterly   $  630,769   $ —   $ 378,721   $ (252,048)
Total   $  630,769   $ —   $ 378,721   $ (252,048)
Credit default swaps on single-name
issues:
                                 
Buy protection:    
Brazil Republic   USD 9,365,000   (1.00%)   06/20/2028   Quarterly   $  425,805   $ —   $  57,497   $ (368,308)
Total                     $  425,805   $ —   $  57,497   $ (368,308)
Total centrally cleared credit default swap contracts   $ 1,056,574   $ —   $ 436,218   $ (620,356)
    
(1) 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 December 31, 2023
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)
2.97% Fixed   12 Mo. USD SOFR   USD 12,140,000   03/15/2053   Annual   $  38,126   $  —   $ 1,030,655   $  992,529
2.88% Fixed   12 Mo. USD SOFR   USD 3,745,000   03/15/2053   Annual   42,412     382,617   340,205
3.25% Fixed   12 Mo. USD SOFR   USD 6,235,000   06/21/2053   Annual     (66,704)   161,817   228,521
3.59% Fixed   12 Mo. USD SOFR   USD 9,465,000   09/20/2053   Annual   40,290     (415,705)   (455,995)
Total centrally cleared interest rate swaps contracts   $ 120,828   $ (66,704)   $ 1,159,384   $ 1,105,260
    
Foreign Currency Contracts Outstanding at December 31, 2023
Amount and Description of
Currency to be Purchased
  Amount and Description of
Currency to be Sold
  Counterparty   Settlement
Date
  Appreciation/
(Depreciation)
8,006,196 USD   40,057,000 BRL   DEUT   03/20/2024   $ (177,860)
1,957,866 USD   1,779,000 EUR   CBK   03/20/2024   (12,428)
35,215,834 USD   31,997,000 EUR   DEUT   03/20/2024   (221,764)
Total foreign currency contracts   $ (412,052)
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.

94


Hartford Total Return Bond HLS Fund
Schedule of Investments – (continued)
December 31, 2023  

Fair Value Summary
The following is a summary of the fair valuations according to the inputs used as of December 31, 2023 in valuing the Fund’s investments.
Description   Total   Level 1   Level 2   Level 3(1)
Assets                
Asset & Commercial Mortgage-Backed Securities   $  368,248,632   $  —   $  368,248,632   $ —
Corporate Bonds   552,931,752     552,931,752  
Foreign Government Obligations   53,603,734     53,603,734  
Municipal Bonds   24,578,763     24,578,763  
Senior Floating Rate Interests   7,499     7,499  
U.S. Government Agencies   825,317,497     825,317,497  
U.S. Government Securities   250,346,193     250,346,193  
Common Stocks                
Energy        
Preferred Stocks   1,834,472   1,834,472    
Short-Term Investments   5,547,081   183,113   5,363,968  
Futures Contracts(2)   8,390,175   8,390,175    
Swaps - Interest Rate(2)   1,561,255     1,561,255  
Total   $ 2,092,367,053   $ 10,407,760   $ 2,081,959,293   $ —
Liabilities                
Foreign Currency Contracts(2)   $  (412,052)   $  —   $  (412,052)   $ —
Futures Contracts(2)   (8,591,558)   (8,591,558)    
Swaps - Credit Default(2)   (620,356)     (620,356)  
Swaps - Interest Rate(2)   (455,995)     (455,995)  
TBA Sale Commitments   (60,387,947)     (60,387,947)  
Total   $  (70,467,908)   $  (8,591,558)   $  (61,876,350)   $ —
    
(1) For the year ended December 31, 2023, 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 December 31, 2023 is not presented.
The accompanying notes are an integral part of these financial statements.

95


Hartford Ultrashort Bond HLS Fund
Schedule of Investments
December 31, 2023  

Shares or Principal Amount   Market Value†
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 37.2%
  Asset-Backed - Automobile - 24.9%
            Ally Auto Receivables Trust  
$      818,547 4.62%, 10/15/2025 $     816,892
    411,154 5.29%, 06/16/2025      410,887
  2,505,000 5.76%, 11/15/2026   2,508,264
            American Credit Acceptance Receivables Trust  
    617,579 5.45%, 09/14/2026(1)      616,377
    434,631 5.89%, 10/13/2026(1)      434,633
    752,852 6.00%, 03/12/2027(1)      753,537
  AmeriCredit Automobile Receivables Trust  
506,507 0.68%, 10/19/2026 499,294
1,969,000 1.01%, 01/19/2027 1,844,312
1,876,648 2.45%, 11/18/2026 1,840,219
306,298 4.20%, 12/18/2025 305,268
2,190,357 5.84%, 10/19/2026 2,190,502
  ARI Fleet Lease Trust  
127,203 0.37%, 03/15/2030(1) 126,939
1,423,283 5.41%, 02/17/2032(1) 1,420,563
475,000 6.05%, 07/15/2032(1) 480,329
1,335,000 Bank of America Auto Trust 5.83%, 05/15/2026(1) 1,336,842
  BMW Vehicle Lease Trust  
295,929 5.27%, 02/25/2025 295,750
1,435,000 5.95%, 08/25/2025 1,439,066
1,040,000 BMW Vehicle Owner Trust 5.72%, 04/27/2026 1,041,686
760,000 Bridgecrest Lending Auto Securitization Trust 6.34%, 07/15/2026 760,933
  Capital One Prime Auto Receivables Trust  
366,241 2.71%, 06/16/2025 364,942
610,284 5.20%, 05/15/2026 609,093
  CarMax Auto Owner Trust  
865,000 4.75%, 10/15/2027 861,642
594,959 5.23%, 01/15/2026 593,917
1,398,399 5.50%, 06/15/2026 1,396,962
1,220,000 5.72%, 11/16/2026 1,222,618
  Carvana Auto Receivables Trust  
41,573 0.35%, 06/12/2028 41,419
342,472 0.49%, 03/10/2026 337,063
310,665 0.70%, 01/10/2028 296,815
200,910 0.83%, 09/11/2028 198,779
224,959 4.42%, 12/10/2025 224,408
610,000 5.77%, 04/12/2027(1) 611,945
430,000 6.09%, 11/10/2026(1) 430,869
1,855,000 6.23%, 01/11/2027(1) 1,861,687
856,478 6.41%, 09/10/2027(1) 860,423
  Chesapeake Funding II LLC  
117,188 0.87%, 08/15/2032(1) 116,383
1,509,212 5.65%, 05/15/2035(1) 1,513,258
363,097 5.68%, 04/15/2033, 30 day USD SOFR Average + 0.34%(1)(2) 361,781
1,945,000 Citizens Auto Receivables Trust 6.09%, 10/15/2026(1) 1,950,519
  CPS Auto Receivables Trust  
261,087 2.88%, 06/15/2026(1) 259,825
217,398 4.18%, 04/15/2030(1) 216,566
708,306 5.54%, 03/16/2026(1) 707,444
1,141,721 5.91%, 08/16/2027(1) 1,142,411
428,385 6.13%, 09/15/2026(1) 429,068
847,042 6.40%, 06/15/2027(1) 849,901
434,316 Credit Acceptance Auto Loan Trust 1.00%, 05/15/2030(1) 428,407
362,789 Drive Auto Receivables Trust 1.02%, 06/15/2027 360,810
  DT Auto Owner Trust  
189,021 2.88%, 06/15/2026(1) 188,372
1,631,384 5.48%, 04/15/2027(1) 1,628,336
Shares or Principal Amount   Market Value†
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 37.2% - (continued)
  Asset-Backed - Automobile - 24.9% - (continued)
$    1,051,753 5.88%, 04/15/2027(1) $   1,052,173
  1,110,011 6.29%, 08/16/2027(1)   1,114,678
            Enterprise Fleet Financing LLC  
    855,763 0.48%, 05/20/2027(1)      837,570
    340,922 4.38%, 07/20/2029(1)      337,148
    928,028 5.51%, 01/22/2029(1)      928,981
  1,435,000 5.56%, 04/22/2030(1)   1,438,987
  1,397,679 5.76%, 10/22/2029(1)   1,401,890
188,470 5.79%, 06/20/2024(1) 188,504
3,320,000 6.40%, 03/20/2030(1) 3,394,077
77,687 Enterprise Fleet Funding LLC 0.44%, 12/21/2026(1) 76,840
  Exeter Automobile Receivables Trust  
750,000 5.60%, 08/17/2026 749,084
139,116 5.61%, 06/16/2025 139,092
28,046 5.73%, 11/17/2025 28,042
495,000 6.04%, 07/15/2026 495,531
530,000 6.07%, 12/15/2025 530,196
491,545 6.11%, 09/15/2025 491,662
294,822 FHF Trust 0.83%, 12/15/2026(1) 284,818
2,255,000 Fifth Third Auto Trust 5.80%, 11/16/2026 2,258,673
  First Investors Auto Owner Trust  
484,104 0.48%, 03/15/2027(1) 475,940
859,106 2.03%, 01/15/2027(1) 844,130
  Flagship Credit Auto Trust  
240,870 0.36%, 07/15/2027(1) 238,228
541,991 0.81%, 07/17/2026(1) 534,096
64,774 3.28%, 08/15/2025(1) 64,687
113,911 4.06%, 10/15/2025(1) 113,774
1,310,245 5.76%, 04/15/2027(1) 1,308,006
1,275,000 5.89%, 07/15/2027(1) 1,276,595
743,735 Ford Credit Auto Lease Trust 5.19%, 06/15/2025 742,892
  Ford Credit Auto Owner Trust  
117,181 3.44%, 02/15/2025 117,027
202,389 4.52%, 04/15/2025 202,079
820,709 5.14%, 03/15/2026 819,019
673,193 5.37%, 08/15/2025 672,711
1,790,000 5.57%, 06/15/2026 1,791,672
  Foursight Capital Automobile Receivables Trust  
641,586 4.49%, 03/16/2026(1) 640,043
327,082 5.43%, 10/15/2026(1) 326,096
1,550,000 5.99%, 05/15/2028(1) 1,559,336
  GLS Auto Receivables Issuer Trust  
351,500 3.55%, 01/15/2026(1) 350,266
387,881 4.59%, 05/15/2026(1) 386,450
1,356,944 5.70%, 01/15/2027(1) 1,354,709
1,712,113 5.98%, 08/17/2026(1) 1,712,031
1,340,000 GLS Auto Select Receivables Trust 6.37%, 06/15/2028(1) 1,351,565
  GM Financial Automobile Leasing Trust  
1,500,000 1.96%, 02/20/2026 1,476,739
785,000 5.16%, 04/20/2026 784,943
347,628 5.27%, 06/20/2025 347,357
610,411 5.44%, 10/20/2025 609,954
2,735,000 5.58%, 01/20/2026 2,738,822
  GM Financial Consumer Automobile Receivables Trust  
957,917 4.60%, 11/17/2025 954,929
680,522 5.10%, 05/18/2026 678,895
1,187,175 5.19%, 03/16/2026 1,184,626
1,300,000 5.74%, 09/16/2026 1,302,412
2,510,000 5.89%, 11/16/2026 2,523,464
  Honda Auto Receivables Owner Trust  
820,000 5.41%, 04/15/2026 819,968
 
The accompanying notes are an integral part of these financial statements.

96


Hartford Ultrashort Bond HLS Fund
Schedule of Investments – (continued)
December 31, 2023  

Shares or Principal Amount   Market Value†
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 37.2% - (continued)
  Asset-Backed - Automobile - 24.9% - (continued)
$    2,250,000 5.87%, 06/22/2026 $   2,264,166
            Hyundai Auto Lease Securitization Trust  
  1,585,000 5.05%, 01/15/2026(1)   1,580,862
    314,134 5.20%, 04/15/2025(1)      313,740
    628,615 5.47%, 09/15/2025(1)      628,198
  1,920,000 5.85%, 03/16/2026(1)   1,929,893
  Hyundai Auto Receivables Trust  
  1,095,152 5.19%, 12/15/2025   1,093,609
2,030,000 5.77%, 05/15/2026 2,035,511
1,267,150 LAD Auto Receivables Trust 6.09%, 06/15/2026(1) 1,268,442
1,664,115 Mercedes-Benz Auto Lease Trust 5.24%, 11/17/2025 1,661,240
1,065,000 Mercedes-Benz Auto Receivables Trust 4.51%, 11/15/2027 1,058,278
  Nissan Auto Lease Trust  
2,410,000 4.91%, 01/15/2026 2,401,026
781,788 5.74%, 08/15/2025 782,404
  Nissan Auto Receivables Owner Trust  
392,310 4.50%, 08/15/2025 391,054
910,808 5.34%, 02/17/2026 909,061
  Porsche Financial Auto Securitization Trust  
1,427,085 5.42%, 12/22/2026(1) 1,425,373
1,015,000 5.88%, 11/23/2026(1) 1,020,406
  Santander Drive Auto Receivables Trust  
901,688 1.26%, 02/16/2027 884,866
496,727 5.36%, 05/15/2026 496,363
147,521 5.81%, 01/15/2026 147,517
508,731 6.08%, 08/17/2026 509,645
600,000 6.08%, 05/17/2027 602,053
3,609,052 6.18%, 02/16/2027 3,618,748
895,000 SBNA Auto Lease Trust 6.27%, 04/20/2026(1) 901,173
821,748 SFS Auto Receivables Securitization Trust 5.89%, 03/22/2027(1) 823,402
  Tesla Auto Lease Trust  
855,000 5.86%, 08/20/2025(1) 856,591
1,435,000 6.02%, 09/22/2025(1) 1,440,325
1,930,000 Tesla Electric Vehicle Trust 5.54%, 12/21/2026(1) 1,935,586
939,933 Toyota Auto Receivables Owner Trust 5.28%, 05/15/2026 938,531
833,193 Toyota Lease Owner Trust 5.30%, 08/20/2025(1) 831,903
176,212 United Auto Credit Securitization Trust 5.57%, 07/10/2025(1) 176,111
970,000 USAA Auto Owner Trust 5.83%, 07/15/2026(1) 972,211
899,343 Volkswagen Auto Loan Enhanced Trust 5.50%, 12/21/2026 899,648
  Westlake Automobile Receivables Trust  
1,600,000 1.23%, 04/15/2026(1) 1,546,632
245,787 3.36%, 08/15/2025(1) 245,454
799,571 5.24%, 07/15/2025(1) 799,169
1,085,349 5.51%, 06/15/2026(1) 1,083,986
3,255,000 5.80%, 02/16/2027(1) 3,265,114
1,080,000 5.89%, 02/16/2027(1) 1,084,943
1,285,000 5.96%, 10/15/2026(1) 1,289,065
  Wheels Fleet Lease Funding 1 LLC  
1,740,000 5.80%, 04/18/2038(1) 1,745,036
1,000,000 6.46%, 08/18/2038(1) 1,012,195
  World Omni Auto Receivables Trust  
373,827 2.77%, 10/15/2025 372,061
848,197 5.18%, 07/15/2026 846,438
493,433 5.25%, 11/16/2026 492,445
850,684 World Omni Automobile Lease Securitization Trust 5.47%, 11/17/2025 850,287
Shares or Principal Amount   Market Value†
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 37.2% - (continued)
  Asset-Backed - Automobile - 24.9% - (continued)
            World Omni Select Auto Trust  
$    1,411,256 0.53%, 03/15/2027 $   1,385,497
  1,613,950 5.92%, 03/15/2027   1,614,468
      139,670,089
  Asset-Backed - Finance & Insurance - 0.4%
    238,546 BWAY Mortgage Trust 2.81%, 03/10/2033(1)      232,467
231,801 Donlen Fleet Lease Funding 2 LLC 0.56%, 12/11/2034(1) 228,360
51,921 Ellington Financial Mortgage Trust 2.74%, 11/25/2059(1)(3) 49,148
100,991 FCI Funding LLC 1.13%, 04/15/2033(1) 98,443
1,689,491 John Deere Owner Trust 5.28%, 03/16/2026 1,686,676
71,874 Residential Mortgage Loan Trust 2.38%, 01/26/2060(1)(3) 68,482
      2,363,576
  Other Asset-Backed Securities - 8.8%
  Affirm Asset Securitization Trust  
449,216 4.55%, 06/15/2027(1) 444,196
975,000 6.61%, 01/18/2028(1) 980,574
210,452 Amur Equipment Finance Receivables IX LLC 0.75%, 11/20/2026(1) 208,062
534,012 Amur Equipment Finance Receivables XI LLC 5.30%, 06/21/2028(1) 532,496
146,766 Atalaya Equipment Leasing Trust 1.23%, 05/15/2026(1) 145,406
675,000 Auxilior Term Funding LLC 6.18%, 12/15/2028(1) 677,526
  BHG Securitization Trust  
973,337 1.71%, 02/20/2035(1) 947,462
255,731 5.32%, 10/17/2035(1) 254,056
  CCG Receivables Trust  
109,136 0.30%, 06/14/2027(1) 107,838
419,500 0.54%, 03/14/2029(1) 407,179
1,901,982 3.91%, 07/16/2029(1) 1,878,823
1,691,042 5.82%, 09/16/2030(1) 1,701,593
  CNH Equipment Trust  
945,000 5.34%, 09/15/2026 943,345
895,209 5.42%, 07/15/2026 894,107
1,720,000 Daimler Trucks Retail Trust 6.03%, 09/15/2025 1,723,305
  Dell Equipment Finance Trust  
534,475 0.53%, 12/22/2026(1) 530,129
700,000 5.84%, 01/22/2029(1) 701,609
605,000 6.10%, 04/23/2029(1) 608,704
  Dext ABS LLC  
314,273 1.12%, 02/15/2028(1) 305,925
269,419 5.68%, 04/15/2024(1) 269,350
2,495,000 6.56%, 05/15/2034(1) 2,506,944
900,000 DLLAA LLC 5.93%, 07/20/2026(1) 903,857
  DLLAD LLC  
1,928,817 0.64%, 09/21/2026(1) 1,860,800
1,248,138 5.19%, 04/20/2026(1) 1,243,905
1,530,000 DLLMT LLC 5.78%, 11/20/2025(1) 1,530,218
751,482 DLLST LLC 3.40%, 01/21/2025(1) 746,321
1,890,000 Granite Park Equipment Leasing LLC 6.51%, 05/20/2030(1) 1,905,460
1,175,000 GreatAmerica Leasing Receivables 5.35%, 02/16/2026(1) 1,173,938
1,241,109 GreatAmerica Leasing Receivables Funding LLC 4.92%, 05/15/2025(1) 1,236,077
  HPEFS Equipment Trust  
322,196 3.15%, 09/20/2029(1) 321,068
663,595 5.26%, 08/20/2029(1) 662,714
760,000 5.43%, 08/20/2029(1) 760,459
1,030,000 6.04%, 01/21/2031(1) 1,037,430
 
The accompanying notes are an integral part of these financial statements.

97


Hartford Ultrashort Bond HLS Fund
Schedule of Investments – (continued)
December 31, 2023  

Shares or Principal Amount   Market Value†
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 37.2% - (continued)
  Other Asset-Backed Securities - 8.8% - (continued)
$    2,110,000 John Deere Owner Trust 5.59%, 06/15/2026 $   2,111,212
            Kubota Credit Owner Trust  
    789,473 5.40%, 02/17/2026(1)      788,345
  2,950,000 5.61%, 07/15/2026(1)   2,958,876
            Marlette Funding Trust  
     41,210 4.25%, 08/15/2032(1)       41,146
    211,207 5.18%, 11/15/2032(1)      210,615
  1,110,760 6.04%, 06/15/2033(1)   1,109,103
1,075,399 6.07%, 04/15/2033(1) 1,074,514
1,221,625 6.49%, 09/15/2033(1) 1,222,921
  MMAF Equipment Finance LLC  
180,461 2.01%, 12/12/2024(1) 179,634
1,168,684 5.57%, 09/09/2025(1) 1,167,179
1,650,000 5.79%, 11/13/2026(1) 1,655,497
436,382 New York City Tax Lien Trust 2.10%, 11/10/2034(1) 425,522
2,225,000 PFS Financing Corp. 0.77%, 08/15/2026(1) 2,155,547
  SCF Equipment Leasing LLC  
452,226 6.24%, 07/20/2028(1) 452,317
1,935,000 6.56%, 01/22/2030(1) 1,949,283
217,334 SoFi Consumer Loan Program Trust 5.81%, 05/15/2031(1) 217,058
1,545,000 Verizon Master Trust 5.23%, 11/22/2027 1,544,963
      49,414,608
  Whole Loan Collateral CMO - 3.1%
574,736 Angel Oak Mortgage Trust 2.53%, 01/26/2065(1)(3) 529,649
  BRAVO Residential Funding Trust  
323,751 0.94%, 02/25/2049(1)(3) 280,643
359,467 0.97%, 03/25/2060(1)(3) 327,831
1,134,019 1.70%, 04/25/2060(1)(3) 1,016,262
175,598 Bunker Hill Loan Depositary Trust 2.72%, 11/25/2059(1)(4) 170,615
78,652 CFMT LLC 3.17%, 07/25/2054(1)(3) 76,937
  COLT Mortgage Loan Trust  
1,577,352 1.11%, 10/25/2066(1)(3) 1,304,365
416,298 1.33%, 10/26/2065(1)(3) 371,234
1,940,568 1.40%, 10/25/2066(1)(3) 1,547,017
92,813 1.51%, 04/27/2065(1)(3) 86,670
1,067,083 1.73%, 11/26/2066(1)(3) 880,522
1,214,486 CSMC Trust 3.57%, 07/25/2049(1)(4) 1,131,910
421,828 Ellington Financial Mortgage Trust 0.93%, 06/25/2066(1)(3) 336,427
  GCAT Trust  
2,714,896 1.26%, 07/25/2066(1)(3) 2,119,972
607,684 1.92%, 08/25/2066(1)(3) 529,384
  MFA Trust  
278,348 1.01%, 01/26/2065(1)(3) 249,334
505,399 1.03%, 11/25/2064(1)(3) 426,735
  New Residential Mortgage Loan Trust  
1,400,919 1.16%, 11/27/2056(1)(3) 1,159,254
407,209 4.00%, 08/27/2057(1)(3) 387,370
34,131 OBX Trust 6.12%, 06/25/2057, 1 mo. USD Term SOFR + 0.76%(1)(2) 32,486
1,834,099 SG Residential Mortgage Trust 1.16%, 07/25/2061(1)(3) 1,432,229
  Starwood Mortgage Residential Trust  
252,098 0.94%, 05/25/2065(1)(3) 224,682
33,701 2.28%, 02/25/2050(1)(3) 31,672
  Towd Point Mortgage Trust  
63,839 2.16%, 01/25/2052(1)(3) 63,472
424,674 2.75%, 06/25/2057(1)(3) 407,055
814,822 3.75%, 03/25/2058(1)(3) 796,372
Shares or Principal Amount   Market Value†
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 37.2% - (continued)
  Whole Loan Collateral CMO - 3.1% - (continued)
$      143,786 5.76%, 02/25/2057, 1 mo. USD Term SOFR + 0.71%(1)(2) $     145,216
            Verus Securitization Trust  
  1,112,341 1.63%, 10/25/2066(1)(3)      923,176
    134,549 3.64%, 11/25/2059(1)(4)      130,373
    212,402 3.69%, 11/25/2059(1)(3)      206,392
      17,325,256
  Total Asset & Commercial Mortgage-Backed Securities
(cost $211,568,361)
$ 208,773,529
CORPORATE BONDS - 33.7%
  Aerospace/Defense - 0.2%
900,000 Litton Industries, Inc. 7.75%, 03/15/2026 $  945,024
  Agriculture - 0.5%
1,700,000 Cargill, Inc. 3.50%, 04/22/2025(1) 1,670,798
1,225,000 Philip Morris International, Inc. 5.13%, 11/15/2024 1,223,240
      2,894,038
  Auto Manufacturers - 0.9%
  Daimler Truck Finance North America LLC  
565,000 5.15%, 01/16/2026(1) 566,734
875,000 5.60%, 08/08/2025(1)(5) 880,786
1,500,000 General Motors Financial Co., Inc. 5.99%, 10/15/2024, 3 mo. USD SOFR + 0.62%(2) 1,497,435
1,000,000 Hyundai Capital America 6.25%, 11/03/2025(1) 1,014,879
1,225,000 Mercedes-Benz Finance North America LLC 5.50%, 11/27/2024(1) 1,226,198
      5,186,032
  Beverages - 0.7%
1,725,000 Constellation Brands, Inc. 3.60%, 05/09/2024 1,712,121
730,000 Diageo Capital PLC 5.20%, 10/24/2025 735,699
1,750,000 JDE Peet's NV 0.80%, 09/24/2024(1) 1,682,756
      4,130,576
  Chemicals - 0.3%
1,225,000 Linde, Inc. 4.80%, 12/05/2024 1,222,252
580,000 Nutrien Ltd. 5.95%, 11/07/2025 589,759
      1,812,011
  Commercial Banks - 17.9%
1,600,000 ABN AMRO Bank NV 6.34%, 09/18/2027, (6.34% fixed rate until 09/18/2026; 1 yr. USD CMT + 1.65% thereafter)(1)(6) 1,636,304
1,750,000 ANZ New Zealand International Ltd. 6.00%, 02/18/2025, 3 mo. USD SOFR + 0.60%(1)(2)(5) 1,749,671
1,400,000 Banco Santander SA 3.89%, 05/24/2024 1,390,129
  Bank of America Corp.  
1,025,000 3.84%, 04/25/2025, (3.84% fixed rate until 04/25/2024; 6 mo. USD SOFR + 1.11% thereafter)(6) 1,018,409
925,000 5.08%, 01/20/2027, (5.08% fixed rate until 01/20/2026; 6 mo. USD SOFR + 1.29% thereafter)(6) 923,281
1,700,000 6.05%, 02/04/2025, 3 mo. USD SOFR + 0.66%(2) 1,698,586
1,525,000 6.07%, 04/22/2025, 3 mo. USD SOFR + 0.69%(2) 1,524,577
2,000,000 Bank of America NA 5.65%, 08/18/2025 2,024,972
 
The accompanying notes are an integral part of these financial statements.

98


Hartford Ultrashort Bond HLS Fund
Schedule of Investments – (continued)
December 31, 2023  

Shares or Principal Amount   Market Value†
CORPORATE BONDS - 33.7% - (continued)
  Commercial Banks - 17.9% - (continued)
            Bank of New York Mellon  
$      430,000 5.15%, 05/22/2026, (5.15% fixed rate until 05/22/2025; 6 mo. USD SOFR + 1.07% thereafter)(6) $     429,971
  1,000,000 5.22%, 11/21/2025, (5.22% fixed rate until 11/21/2024; 6 mo. USD SOFR + 0.80% thereafter)(6)      999,780
    750,000 Bank of New York Mellon Corp. 5.64%, 04/26/2024, 3 mo. USD SOFR + 0.26%(2)      749,713
            Bank of Nova Scotia  
  1,400,000 2.44%, 03/11/2024(5)   1,391,478
  3,675,000 5.77%, 07/31/2024, 3 mo. USD SOFR + 0.38%(2)   3,674,576
  Banque Federative du Credit Mutuel SA  
1,000,000 4.52%, 07/13/2025(1)(5) 990,728
1,250,000 4.94%, 01/26/2026(1) 1,245,947
875,000 5.90%, 07/13/2026(1) 893,641
950,000 Barclays PLC 7.33%, 11/02/2026, (7.33% fixed rate until 11/02/2025; 1 yr. USD CMT + 3.05% thereafter)(6) 981,450
1,400,000 Citigroup, Inc. 6.07%, 01/25/2026, 3 mo. USD SOFR + 0.69%(2) 1,391,671
  Citizens Bank NA  
1,025,000 4.12%, 05/23/2025, (4.12% fixed rate until 05/23/2024; 6 mo. USD SOFR + 1.4% thereafter)(6) 1,000,355
750,000 6.06%, 10/24/2025, (6.06% fixed rate until 10/24/2024; 6 mo. USD SOFR + 1.45% thereafter)(6) 731,708
1,250,000 Commonwealth Bank of Australia 5.08%, 01/10/2025 1,251,348
2,190,000 Credit Agricole SA 5.59%, 07/05/2026(1) 2,228,041
750,000 Credit Suisse AG 4.75%, 08/09/2024 745,319
  Danske Bank AS  
1,180,000 6.26%, 09/22/2026, (6.26% fixed rate until 09/22/2025; 1 yr. USD CMT + 1.18% thereafter)(1)(6) 1,200,518
750,000 6.47%, 01/09/2026, (6.47% fixed rate until 01/09/2025; 1 yr. USD CMT + 2.10% thereafter)(1)(6) 755,416
1,350,000 DNB Bank ASA 2.97%, 03/28/2025, (2.97% fixed rate until 03/28/2024; 6 mo. USD SOFR + 0.81% thereafter)(1)(6) 1,341,307
1,880,000 Fifth Third Bank NA 5.85%, 10/27/2025, (5.85% fixed rate until 10/27/2024; 6 mo. USD SOFR + 1.23% thereafter)(6) 1,875,050
  Goldman Sachs Group, Inc.  
1,250,000 5.70%, 11/01/2024 1,252,895
1,750,000 5.80%, 08/10/2026, (5.80% fixed rate until 08/10/2025; 3 mo. USD SOFR + 1.08% thereafter)(6) 1,767,243
1,500,000 5.92%, 09/10/2024, 3 mo. USD SOFR + 0.50%(2) 1,498,088
1,250,000 HSBC Holdings PLC 7.34%, 11/03/2026, (7.34% fixed rate until 11/03/2025; 6 mo. USD SOFR + 3.03% thereafter)(6) 1,297,843
1,025,000 HSBC USA, Inc. 3.75%, 05/24/2024 1,017,272
  Huntington National Bank  
1,175,000 4.01%, 05/16/2025, (4.01% fixed rate until 05/16/2024; 6 mo. USD SOFR + 1.21% thereafter)(6) 1,157,594
1,250,000 5.70%, 11/18/2025, (5.70% fixed rate until 11/18/2024; 6 mo. USD SOFR + 1.22% thereafter)(6) 1,236,043
Shares or Principal Amount   Market Value†
CORPORATE BONDS - 33.7% - (continued)
  Commercial Banks - 17.9% - (continued)
            JP Morgan Chase & Co.  
$    1,350,000 3.85%, 06/14/2025, (3.85% fixed rate until 06/14/2024; 6 mo. USD SOFR + 0.98% thereafter)(6) $   1,339,234
    850,000 5.55%, 12/15/2025, (5.55% fixed rate until 12/15/2024; 6 mo. USD SOFR + 1.07% thereafter)(6)      850,420
  2,000,000 5.95%, 06/01/2025, 6 mo. USD SOFR + 0.54%(2)   1,993,211
  1,250,000 KeyBank NA 5.74%, 06/14/2024, 3 mo. USD SOFR + 0.32%(2)   1,239,790
            Macquarie Group Ltd.  
  1,500,000 6.08%, 10/14/2025, 3 mo. USD SOFR + 0.71%(1)(2)   1,490,074
  1,200,000 6.21%, 11/22/2024(1)   1,206,956
  Manufacturers & Traders Trust Co.  
2,310,000 4.65%, 01/27/2026 2,262,145
1,850,000 5.40%, 11/21/2025 1,837,923
  Morgan Stanley  
1,350,000 3.62%, 04/17/2025, (3.62% fixed rate until 04/17/2024; 6 mo. USD SOFR + 1.16% thereafter)(6) 1,341,900
1,225,000 5.05%, 01/28/2027, (5.05% fixed rate until 01/28/2026; 6 mo. USD SOFR + 1.30% thereafter)(6) 1,226,491
750,000 6.01%, 01/24/2025, 6 mo. USD SOFR + 0.63%(2) 748,891
  Morgan Stanley Bank NA  
1,250,000 4.75%, 04/21/2026 1,249,798
1,500,000 5.48%, 07/16/2025 1,513,881
  National Australia Bank Ltd.  
1,225,000 4.97%, 01/12/2026 1,233,865
1,400,000 5.75%, 01/12/2025, 3 mo. USD SOFR + 0.38%(1)(2) 1,397,416
3,725,000 National Bank of Canada 5.88%, 08/06/2024, 3 mo. USD SOFR + 0.49%(2) 3,724,929
1,000,000 National Securities Clearing Corp. 5.15%, 05/30/2025(1) 1,005,189
1,290,000 NatWest Markets PLC 5.93%, 08/12/2024, 3 mo. USD SOFR + 0.53%(1)(2) 1,289,699
  PNC Financial Services Group, Inc.  
1,325,000 3.90%, 04/29/2024 1,317,274
1,510,000 5.67%, 10/28/2025, (5.67% fixed rate until 10/28/2024; 6 mo. USD SOFR + 1.09% thereafter)(6) 1,509,383
  Royal Bank of Canada  
875,000 5.20%, 07/20/2026 885,347
950,000 5.66%, 10/25/2024 952,242
1,925,000 5.67%, 01/19/2024, 3 mo. USD SOFR + 0.30%(2) 1,925,000
1,475,000 5.70%, 10/07/2024, 3 mo. USD SOFR + 0.34%(2) 1,472,373
  Societe Generale SA  
1,350,000 4.35%, 06/13/2025(1)(5) 1,337,982
925,000 6.45%, 01/12/2027, (6.45% fixed rate until 01/12/2026; 1 yr. USD CMT + 2.30% thereafter)(1)(6) 941,455
  Standard Chartered PLC  
1,225,000 6.17%, 01/09/2027, (6.17% fixed rate until 01/09/2026; 1 yr. USD CMT + 2.05% thereafter)(1)(5)(6) 1,243,533
850,000 7.78%, 11/16/2025, (7.78% fixed rate until 11/16/2024; 1 yr. USD CMT + 3.10% thereafter)(1)(6) 866,311
 
The accompanying notes are an integral part of these financial statements.

99


Hartford Ultrashort Bond HLS Fund
Schedule of Investments – (continued)
December 31, 2023  

Shares or Principal Amount   Market Value†
CORPORATE BONDS - 33.7% - (continued)
  Commercial Banks - 17.9% - (continued)
$    1,500,000 State Street Corp. 5.75%, 11/04/2026, (5.75% fixed rate until 11/04/2025; 6 mo. USD SOFR + 1.35% thereafter)(6) $   1,523,528
  2,200,000 Sumitomo Mitsui Trust Bank Ltd. 5.86%, 09/16/2024, 3 mo. USD SOFR + 0.44%(1)(2)   2,198,184
            Toronto-Dominion Bank  
  1,000,000 2.35%, 03/08/2024      994,053
    925,000 5.10%, 01/09/2026      931,666
  2,200,000 5.77%, 09/10/2024, 3 mo. USD SOFR + 0.35%(2)   2,201,185
  Truist Financial Corp.  
  1,500,000 5.82%, 06/09/2025, 3 mo. USD SOFR + 0.40%(2)   1,477,601
1,250,000 5.90%, 10/28/2026, (5.90% fixed rate until 10/28/2025; 6 mo. USD SOFR + 1.63% thereafter)(6) 1,260,314
  UBS AG  
1,400,000 5.84%, 01/13/2025, 3 mo. USD SOFR + 0.47%(1)(2) 1,397,049
2,200,000 5.84%, 08/09/2024, 3 mo. USD SOFR + 0.45%(1)(2) 2,203,665
1,750,000 Wells Fargo Bank NA 5.55%, 08/01/2025 1,767,825
      100,428,706
  Diversified Financial Services - 1.5%
  American Express Co.  
2,050,000 3.38%, 05/03/2024 2,034,313
1,300,000 3.95%, 08/01/2025 1,279,157
1,250,000 4.99%, 05/01/2026, (4.99% fixed rate until 05/01/2025; 6 mo. USD SOFR + 1.00% thereafter)(6) 1,246,604
975,000 Capital One Financial Corp. 4.99%, 07/24/2026, (4.99% fixed rate until 07/24/2025; 6 mo. USD SOFR + 2.16% thereafter)(6) 963,901
1,750,000 Charles Schwab Corp. 5.88%, 08/24/2026(5) 1,795,248
1,085,000 Consumers Securitization Funding LLC 5.55%, 03/01/2028 1,089,452
      8,408,675
  Electric - 1.8%
1,250,000 American Electric Power Co., Inc. 5.70%, 08/15/2025 1,258,480
1,350,000 Eversource Energy 4.20%, 06/27/2024 1,339,679
1,520,000 Mississippi Power Co. 5.74%, 06/28/2024, 3 mo. USD SOFR + 0.30%(2) 1,518,885
  NextEra Energy Capital Holdings, Inc.  
1,500,000 4.26%, 09/01/2024 1,485,302
980,000 5.75%, 09/01/2025 989,630
525,000 6.05%, 03/01/2025 529,742
500,000 Pennsylvania Electric Co. 5.15%, 03/30/2026(1) 499,370
1,700,000 Sempra 5.40%, 08/01/2026 1,723,331
1,000,000 Southern Co. 5.15%, 10/06/2025 1,002,301
      10,346,720
  Food - 0.2%
1,155,000 Mondelez International, Inc. 2.13%, 03/17/2024 1,145,896
  Healthcare - Products - 0.3%
1,550,000 GE HealthCare Technologies, Inc. 5.55%, 11/15/2024 1,550,543
  Healthcare - Services - 0.6%
1,580,000 CommonSpirit Health 2.76%, 10/01/2024 1,544,869
545,000 Elevance Health, Inc. 5.35%, 10/15/2025 548,478
1,395,000 UnitedHealth Group, Inc. 5.15%, 10/15/2025 1,410,498
      3,503,845
Shares or Principal Amount   Market Value†
CORPORATE BONDS - 33.7% - (continued)
  Household Products - 0.4%
$    2,540,000 Haleon U.S. Capital LLC 3.02%, 03/24/2024 $   2,524,010
  Insurance - 4.2%
            Athene Global Funding  
  3,500,000 5.96%, 08/19/2024, 3 mo. USD SOFR + 0.56%(1)(2)   3,486,109
  2,620,000 6.11%, 05/24/2024, 3 mo. USD SOFR + 0.70%(1)(2)   2,618,369
  1,625,000 Brighthouse Financial Global Funding 6.13%, 04/12/2024, 3 mo. USD SOFR + 0.76%(1)(2)   1,621,668
705,000 Corebridge Financial, Inc. 3.50%, 04/04/2025 687,382
725,000 Corebridge Global Funding 5.75%, 07/02/2026(1) 734,487
1,540,000 Equitable Financial Life Global Funding 5.50%, 12/02/2025(1) 1,540,300
1,225,000 Jackson National Life Global Funding 5.50%, 01/09/2026(1) 1,223,604
1,550,000 MassMutual Global Funding II 5.73%, 04/12/2024, 3 mo. USD SOFR + 0.36%(1)(2) 1,550,417
1,225,000 Metropolitan Life Global Funding I 5.00%, 01/06/2026(1) 1,229,506
1,350,000 New York Life Global Funding 3.15%, 06/06/2024(1) 1,336,608
1,250,000 Pacific Life Global Funding II 5.50%, 08/28/2026(1) 1,273,538
  Principal Life Global Funding II  
2,500,000 5.79%, 08/23/2024, 3 mo. USD SOFR + 0.38%(1)(2) 2,498,952
645,000 5.82%, 04/12/2024, 3 mo. USD SOFR + 0.45%(1)(2) 644,716
  Protective Life Global Funding  
1,375,000 3.22%, 03/28/2025(1) 1,341,221
1,525,000 5.37%, 01/06/2026(1) 1,536,236
      23,323,113
  IT Services - 0.2%
875,000 Hewlett Packard Enterprise Co. 5.90%, 10/01/2024 877,331
  Machinery - Construction & Mining - 0.2%
1,100,000 Caterpillar Financial Services Corp. 5.69%, 09/13/2024, 3 mo. USD SOFR + 0.27%(2) 1,099,799
  Media - 0.2%
1,020,000 Comcast Corp. 5.25%, 11/07/2025 1,030,317
  Oil & Gas - 0.6%
1,400,000 Occidental Petroleum Corp. 5.88%, 09/01/2025 1,407,875
1,750,000 Ovintiv, Inc. 5.65%, 05/15/2025 1,757,776
      3,165,651
  Pharmaceuticals - 0.5%
460,000 Bayer U.S. Finance LLC 6.13%, 11/21/2026(1) 467,939
1,225,000 CVS Health Corp. 5.00%, 02/20/2026 1,231,241
1,050,000 Pfizer Investment Enterprises Pte. Ltd. 4.65%, 05/19/2025 1,046,555
      2,745,735
  Pipelines - 1.3%
245,000 Columbia Pipelines Holding Co. LLC 6.06%, 08/15/2026(1) 250,903
2,100,000 Enbridge, Inc. 6.03%, 02/16/2024, 3 mo. USD SOFR + 0.63%(2) 2,100,605
350,000 Energy Transfer LP 4.25%, 04/01/2024 348,659
925,000 Enterprise Products Operating LLC 5.05%, 01/10/2026 933,731
 
The accompanying notes are an integral part of these financial statements.

100


Hartford Ultrashort Bond HLS Fund
Schedule of Investments – (continued)
December 31, 2023  

Shares or Principal Amount   Market Value†
CORPORATE BONDS - 33.7% - (continued)
  Pipelines - 1.3% - (continued)
$    2,050,000 ONEOK, Inc. 5.55%, 11/01/2026 $   2,086,514
  1,700,000 Williams Cos., Inc. 5.40%, 03/02/2026   1,717,804
      7,438,216
  REITS - 0.2%
  1,220,000 Public Storage Operating Co. 5.85%, 04/23/2024, 3 mo. USD SOFR + 0.47%(2)   1,219,928
  Retail - 0.1%
800,000 AutoZone, Inc. 5.05%, 07/15/2026 805,345
  Semiconductors - 0.4%
1,120,000 Analog Devices, Inc. 5.69%, 10/01/2024, 3 mo. USD SOFR + 0.25%(2) 1,120,031
885,000 Intel Corp. 4.88%, 02/10/2026 891,868
      2,011,899
  Software - 0.1%
275,000 Oracle Corp. 5.80%, 11/10/2025 279,348
  Telecommunications - 0.2%
455,000 NTT Finance Corp. 4.14%, 07/26/2024(1) 451,950
800,000 Sprint LLC 7.13%, 06/15/2024 803,459
      1,255,409
  Trucking & Leasing - 0.2%
1,000,000 Penske Truck Leasing Co. LP/PTL Finance Corp. 5.75%, 05/24/2026(1) 1,008,324
  Total Corporate Bonds
(cost $188,985,676)
$ 189,136,491
U.S. GOVERNMENT AGENCIES - 6.9%
  Mortgage-Backed Agencies - 6.9%
  Federal Home Loan Banks - 3.5%
5,000,000 4.75%, 03/08/2024 $  4,994,294
1,500,000 4.88%, 06/14/2024 1,497,686
3,000,000 5.00%, 01/10/2024 2,999,710
5,000,000 5.46%, 07/19/2024 4,995,815
5,000,000 5.55%, 07/19/2024 4,998,835
      19,486,340
  Federal Home Loan Mortgage Corp. - 1.0%
642,265 1.00%, 05/15/2041 587,342
255,700 1.75%, 04/15/2027 247,446
50,911 3.00%, 05/15/2043 50,107
322,273 3.50%, 11/15/2025 316,801
2,087,430 3.50%, 05/15/2026 2,050,003
29,435 3.50%, 11/15/2042 29,242
2,180,237 4.00%, 03/15/2037 2,147,990
      5,428,931
  Federal National Mortgage Association - 2.2%
423,101 1.75%, 09/25/2041 394,951
3,075,240 3.00%, 07/25/2043 3,038,421
2,119,260 3.06%, 06/25/2024(3) 2,094,932
907,364 3.50%, 08/25/2026 889,969
932,704 3.50%, 11/01/2034 913,824
1,003,997 3.50%, 11/25/2038 980,044
1,140,166 4.00%, 09/25/2039 1,121,671
1,598,881 4.00%, 07/25/2040 1,573,823
1,682,159 4.00%, 06/25/2041 1,644,370
      12,652,005
Shares or Principal Amount   Market Value†
U.S. GOVERNMENT AGENCIES - 6.9% - (continued)
  Mortgage-Backed Agencies - 6.9% - (continued)
  Government National Mortgage Association - 0.2%
$      357,771 2.50%, 09/20/2046 $     332,754
    987,243 3.50%, 01/20/2052      956,998
      1,289,752
  Total U.S. Government Agencies
(cost $38,934,465)
  $  38,857,028
U.S. GOVERNMENT SECURITIES - 15.7%
  U.S. Treasury Securities - 15.7%
  U.S. Treasury Notes - 15.7%
10,000,000 0.75%, 11/15/2024 $  9,650,391
51,250,000 2.00%, 04/30/2024 50,713,477
13,050,000 2.38%, 02/29/2024 12,988,533
15,000,000 2.50%, 01/31/2024 14,965,551
  Total U.S. Government Securities
(cost $88,570,204)
  $  88,317,952
  Total Long-Term Investments
(cost $528,058,706)
  $ 525,085,000
SHORT-TERM INVESTMENTS - 5.8%
  Commercial Paper - 0.9%
1,000,000 AT&T, Inc. 5.78%, 03/19/2024(1)(7) $  987,404
3,100,000 Australia & New Zealand Banking Group Ltd. 5.70%, 04/22/2024(1)(7) 3,047,241
1,000,000 Societe Generale SA 5.03%, 01/18/2024(1)(7) 997,526
      5,032,171
  Repurchase Agreements - 0.4%
2,355,948 Fixed Income Clearing Corp. Repurchase Agreement dated 12/29/2023 at 5.32%, due on 01/02/2024 with a maturity value of $2,357,341; collateralized by U.S. Treasury Inflation Index Note at 0.13%, maturing 07/15/2031, with a market value of $2,403,153 2,355,948
  Securities Lending Collateral - 0.5%
475,478 Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 5.25%(8) 475,478
1,584,929 HSBC U.S. Government Money Market Fund, Institutional Class, 5.31%(8) 1,584,929
475,479 Invesco Government & Agency Portfolio, Institutional Class, 5.28%(8) 475,479
475,479 Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 5.27%(8) 475,479
      3,011,365
  U.S. Treasury Securities - 4.0%
  U.S. Treasury Bills - 4.0%
4,000,000 5.03%, 01/16/2024(7) 3,991,200
5,000,000 5.29%, 04/30/2024(7) 4,913,852
6,000,000 5.33%, 04/23/2024(7) 5,902,965
 
The accompanying notes are an integral part of these financial statements.

101


Hartford Ultrashort Bond HLS Fund
Schedule of Investments – (continued)
December 31, 2023  

Shares or Principal Amount   Market Value†
SHORT-TERM INVESTMENTS - 5.8% - (continued)
  U.S. Treasury Securities - 4.0% - (continued)
  U.S. Treasury Bills - 4.0 - (continued)
$    2,500,000 5.36%, 02/27/2024(7) $   2,478,882
 5,000,000 5.36%, 04/16/2024(7)    4,924,045
      22,210,944
  Total Short-Term Investments
(cost $32,607,140)
$  32,610,428
  Total Investments
(cost $560,665,846)
99.3% $ 557,695,428
  Other Assets and Liabilities 0.7% 4,088,389
  Total Net Assets 100.0% $ 561,783,817
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 December 31, 2023, the aggregate value of these securities was $196,701,300, representing 35.0% of net assets.
(2) Variable rate securities; the rate reported is the coupon rate in effect at December 31, 2023. 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) Represents entire or partial securities on loan. See Note 8 in the accompanying Notes to Financial Statements for securities lending information.
(6) Fixed to variable rate investment. The rate shown reflects the fixed rate in effect at December 31, 2023. Rate will reset at a future date. Base lending rates may be subject to a floor or cap.
(7) The rate shown represents current yield to maturity.
(8) 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 December 31, 2023 in valuing the Fund’s investments.
Description   Total   Level 1   Level 2   Level 3(1)
Assets                
Asset & Commercial Mortgage-Backed Securities   $ 208,773,529   $  —   $ 208,773,529   $ —
Corporate Bonds   189,136,491     189,136,491  
U.S. Government Agencies   38,857,028     38,857,028  
U.S. Government Securities   88,317,952     88,317,952  
Short-Term Investments   32,610,428   3,011,365   29,599,063  
Total   $ 557,695,428   $ 3,011,365   $ 554,684,063   $ —
    
(1) For the year ended December 31, 2023, there were no transfers in and out of Level 3.
The accompanying notes are an integral part of these financial statements.

102


Hartford HLS Funds
GLOSSARY: (abbreviations used in preceding Schedules of Investments)

Counterparty Abbreviations:
CBK Citibank NA
DEUT Deutsche Bank Securities, Inc.
Currency Abbreviations:
BRL Brazil Real
EUR Euro Member Countries
USD United States Dollar
Index Abbreviations:
CDX.EM Credit Derivatives Emerging Markets
CMT Constant Maturity Treasury Index
ICE Intercontinental Exchange, Inc.
MTA Monthly Treasury Average Index
Municipal Abbreviations:
Auth Authority
Dev Development
GO General Obligation
Rev Revenue
Other Abbreviations:
ADR American Depositary Receipt
ARM Adjustable Rate Mortgage
ASA Allmennaksjeselskap
BAM Build America Mutual Assurance Corp.
CDI Chess Depositary Interest
CLO Collateralized Loan Obligation
CMO Collateralized Mortgage Obligation
CVR Contingent Value Rights
ETF Exchange-Traded Fund
EURIBOR Euro Interbank Offered Rate
KGaA Kommanditgesellschaft Auf Aktien
NATL National Public Finance Guarantee Corp.
Nyrt New York REIT Inc
PT Perseroan Terbatas
REIT Real Estate Investment Trust
SOFR Secured Overnight Financing Rate
ST APPROP State Appropriation
TBA To Be Announced
 

103


Hartford HLS Funds
 Statements of Assets and Liabilities
December 31, 2023  

  Hartford
Balanced
HLS Fund
  Hartford
Capital
Appreciation
HLS Fund
  Hartford
Disciplined
Equity
HLS Fund
  Hartford
Dividend and
Growth
HLS Fund
  Hartford
Healthcare
HLS Fund
  Hartford
International
Opportunities
HLS Fund
Assets:                      
Investments in securities, at market value(1) $ 1,688,180,782   $ 3,515,712,084   $ 2,695,456,711   $ 3,420,462,640   $ 137,485,616   $ 864,286,114
Repurchase agreements 3,851,967   21,275,928   2,337,621   11,022,799   345,839   1,934,551
Cash 14,765,695   81,429,934   8,966,467   42,225,161   1,324,567   7,415,191
Cash collateral due from broker on futures contracts   4,619,700        
Cash collateral held for securities on loan 35,093   571,934       31,570   74,022
Foreign currency 80   1,052,096     7,549   46,699   1,330,530
Receivables:                      
Investment securities sold 5,354,505   2,291,246   16,753,523     83,602   132
Fund shares sold 25,105   107,515   154,471   14,150,936   35,958   130,262
Dividends and interest 6,435,912   3,322,279   1,554,338   4,729,775   108,812   874,849
Securities lending income 964   9,129     2,274   102   792
Variation margin on futures contracts 6,751   118,539        
Tax reclaims 933,572   142,375   40,275   1,038,967   35,995   1,275,479
Other assets 11,162   20,119   16,982   19,216   4,217   7,588
Total assets 1,719,601,588   3,630,672,878   2,725,280,388   3,493,659,317   139,502,977   877,329,510
Liabilities:                      
Obligation to return securities lending collateral 701,851   11,438,686     16,112,083   631,410   1,480,458
Payables:                      
Investment securities purchased 6,212,388   12,087,110        
Fund shares redeemed 11,105,710   25,394,240   4,129,219   11,880,618   155,619   1,951,764
Investment management fees 861,161   1,955,775   1,296,517   1,820,243   98,228   523,261
Transfer agent fees 961   1,505   1,530   1,141   1,069   1,326
Accounting services fees 44,587   88,442   67,578   85,228   4,434   23,780
Board of Directors' fees 10,181   21,335   16,277   20,394   815   5,196
Foreign taxes           938,470
Distribution fees 8,168   15,885   14,302   15,576   1,216   3,342
Accrued expenses 70,381   88,630   133,106   78,678   34,630   77,981
Total liabilities 19,015,388   51,091,608   5,658,529   30,013,961   927,421   5,005,578
Net assets $ 1,700,586,200   $ 3,579,581,270   $ 2,719,621,859   $ 3,463,645,356   $ 138,575,556   $ 872,323,932
Summary of Net Assets:                      
Capital stock and paid-in-capital $ 1,214,012,930   $ 2,647,565,496   $ 1,620,929,019   $ 1,949,462,040   $ 102,381,739   $ 765,336,494
Distributable earnings (loss) 486,573,270   932,015,774   1,098,692,840   1,514,183,316   36,193,817   106,987,438
Net assets $ 1,700,586,200   $ 3,579,581,270   $ 2,719,621,859   $ 3,463,645,356   $ 138,575,556   $ 872,323,932
Shares authorized 9,500,000,000   5,450,000,000   3,610,000,000   4,000,000,000   800,000,000   2,625,000,000
Par value $  0.0010   $  0.0010   $  0.0010   $  0.0010   $  0.0010   $  0.0010
Class IA: Net asset value per share $  28.76   $  46.05   $  18.86   $  22.63   $  16.41   $  15.13
Shares outstanding 52,233,684   69,359,816   125,788,765   136,338,016   6,643,188   52,275,825
Net Assets $ 1,502,119,458   $ 3,194,008,172   $ 2,371,805,392   $ 3,085,357,001   $ 109,010,324   $ 791,134,962
Class IB: Net asset value per share $  29.46   $  44.87   $  18.52   $  22.42   $  14.42   $  15.45
Shares outstanding 6,737,389   8,269,105   15,318,242   16,872,994   2,049,588   5,255,590
Net Assets $  198,466,742   $  371,021,415   $  283,694,844   $  378,288,355   $  29,565,232   $  81,188,970
Class IC: Net asset value per share $  —   $  45.18   $  18.86   $  —   $  —   $  —
Shares outstanding   322,075   3,400,030      
Net Assets $  —   $  14,551,683   $  64,121,623   $  —   $  —   $  —
Cost of investments $ 1,298,144,670   $ 2,612,534,669   $ 1,692,517,974   $ 2,099,440,240   $ 101,227,061   $ 707,450,464
Cost of foreign currency $  75   $  1,058,338   $  —   $  7,297   $  45,105   $  1,329,518
(1) Includes Investment in securities on loan, at market value $  670,421   $  10,853,794   $  —   $  12,220,659   $  612,390   $ 1,403,784
The accompanying notes are an integral part of these financial statements.

104


Hartford HLS Funds
 Statements of Assets and Liabilities – (continued)
December 31, 2023  

  Hartford
MidCap
HLS Fund
  Hartford
Small Cap
Growth
HLS Fund
  Hartford
Small
Company
HLS Fund
  Hartford
Stock
HLS Fund
  Hartford
Total Return
Bond
HLS Fund
  Hartford
Ultrashort
Bond
HLS Fund
Assets:                      
Investments in securities, at market value(1) $ 1,097,193,844   $ 764,625,627   $ 433,629,954   $ 1,332,262,823   $ 2,077,051,655   $  555,339,480
Repurchase agreements 40,384   803,940   169,619   2,928,065   5,363,968   2,355,948
Cash 213,815   3,178,764   652,092   11,225,961   23,887,176   9,027,963
Cash collateral due from broker on foreign currency contracts         160,000  
Cash collateral held for securities on loan 5,450   336,139   116,357     9,637   158,493
Foreign currency         584,552  
Receivables:                      
Investment securities sold 73,611,660   6,986,990       92,514,739  
Fund shares sold 358,504   1,490,229   138,407   27,614   159,149   205,436
Dividends and interest 232,677   184,197   242,657   2,203,531   15,128,764   3,332,542
Securities lending income 122   4,268   1,455     507   2,073
Variation margin on futures contracts         1,005,250  
Variation margin on centrally cleared swap contracts         191,186  
Other assets 8,808   11,207   5,737   9,484   12,826   6,475
Total assets 1,171,665,264   777,621,361   434,956,278   1,348,657,478   2,216,069,409   570,428,410
Liabilities:                      
Unrealized depreciation on foreign currency contracts         412,052  
Obligation to return securities lending collateral 109,000   6,722,774   2,327,133     192,750   3,169,858
Cash collateral due to broker on TBA sale commitments         1,435,000  
TBA sale commitments, at market value         60,387,947  
Payables:                      
Investment securities purchased   1,249,200       360,956,148   4,913,890
Fund shares redeemed 69,622,731   6,707,597   125,437   8,394,779   4,234,291   285,720
Investment management fees 678,773   385,273   267,438   546,228   711,810   189,960
Transfer agent fees 1,259   1,266   1,013   960   1,047   966
Accounting services fees 31,022   20,975   13,461   35,351   46,904   17,671
Board of Directors' fees 6,725   4,304   2,416   8,021   10,664   3,502
Distribution fees 3,790   7,930   1,658   4,558   6,842   3,104
Accrued expenses 55,974   40,298   46,563   54,720   61,956   59,922
Total liabilities 70,509,274   15,139,617   2,785,119   9,044,617   428,457,411   8,644,593
Net assets $ 1,101,155,990   $ 762,481,744   $ 432,171,159   $ 1,339,612,861   $ 1,787,611,998   $  561,783,817
Summary of Net Assets:                      
Capital stock and paid-in-capital $  818,573,161   $ 634,141,427   $ 460,765,890   $  673,856,273   $ 2,063,725,123   $  554,187,718
Distributable earnings (loss) 282,582,829   128,340,317   (28,594,731)   665,756,588   (276,113,125)   7,596,099
Net assets $ 1,101,155,990   $ 762,481,744   $ 432,171,159   $ 1,339,612,861   $ 1,787,611,998   $  561,783,817
Shares authorized 2,400,000,000   700,000,000   1,500,000,000   4,000,000,000   5,000,000,000   14,000,000,000
Par value $  0.0010   $  0.0010   $  0.0010   $  0.0010   $  0.0010   $  0.0010
Class IA: Net asset value per share $  27.35   $  25.71   $  15.83   $  96.68   $  9.57   $  10.34
Shares outstanding 36,922,526   22,163,436   24,764,321   12,709,206   169,440,797   47,034,832
Net Assets $ 1,009,740,566   $ 569,737,574   $ 392,111,876   $ 1,228,741,314   $ 1,621,072,296   $  486,164,678
Class IB: Net asset value per share $  25.63   $  24.03   $  13.09   $  96.60   $  9.52   $  10.33
Shares outstanding 3,566,348   8,022,047   3,061,096   1,147,761   17,495,399   7,322,895
Net Assets $  91,415,424   $ 192,744,170   $  40,059,283   $  110,871,547   $  166,539,702   $  75,619,139
Cost of investments $  806,753,189   $ 598,910,035   $ 365,161,009   $  707,013,375   $ 2,232,100,921   $  560,665,846
Cost of foreign currency $  —   $  —   $  —   $  —   $  582,161   $  —
Proceeds of TBA sale commitments $  —   $  —   $  —   $  —   $  59,350,320   $  —
(1) Includes Investment in securities on loan, at market value $  106,546   $  6,340,632   $  2,205,196   $  —   $  184,460   $ 3,026,454
The accompanying notes are an integral part of these financial statements.

105


Hartford HLS Funds
 Statements of Operations
For the Year Ended December 31, 2023 

  Hartford
Balanced
HLS Fund
  Hartford
Capital
Appreciation
HLS Fund
  Hartford
Disciplined
Equity
HLS Fund
  Hartford
Dividend and
Growth
HLS Fund
  Hartford
Healthcare
HLS Fund
  Hartford
International
Opportunities
HLS Fund
Investment Income:                      
Dividends $  20,389,335   $  50,908,685   $  38,146,383   $  76,624,227   $ 1,426,803   $ 20,889,142
Interest 23,291,252   3,583,297   893,838   2,562,224   79,193   733,447
Securities lending — net 8,277   45,642     7,666   832   67,707
Foreign withholding tax reclaims   499,518     752,746    
Less: Foreign tax withheld (108,891)   (386,981)     (769,026)   (18,147)   (1,702,895)
Total investment income, net 43,579,973   54,650,161   39,040,221   79,177,837   1,488,681   19,987,401
Expenses:                      
Investment management fees 10,623,058   22,563,468   14,842,444   21,069,331   1,207,068   6,235,391
Administrative services fees                      
Class IC   35,475   156,859      
Transfer agent fees                      
Class IA 5,086   8,074   8,061   6,155   4,903   7,080
Class IB 672   945   981   768   1,329   738
Class IC   37   223      
Distribution fees                      
Class IB 491,162   907,556   690,889   926,323   75,681   204,900
Class IC   35,475   156,858      
Custodian fees 8,858   16,607   11,160   32,177   7,540   44,419
Registration and filing fees 12,493   18,278   18,317   12,453   12,429   12,950
Accounting services fees 247,127   483,732   367,166   468,999   28,380   134,787
Board of Directors' fees 46,444   96,735   72,455   92,967   3,916   24,141
Audit and tax fees 41,392   48,584   26,936   41,897   27,200   51,848
Other expenses 118,724   148,195   106,448   176,344   18,872   93,159
Total expenses (before waivers, reimbursements and fees paid indirectly) 11,595,016   24,363,161   16,458,797   22,827,414   1,387,318   6,809,413
Management fee waivers (504,734)          
Commission recapture (539)   (18,825)   (17,629)   (42,308)   (1,121)   (114)
Total waivers, reimbursements and fees paid indirectly (505,273)   (18,825)   (17,629)   (42,308)   (1,121)   (114)
Total expenses 11,089,743   24,344,336   16,441,168   22,785,106   1,386,197   6,809,299
Net Investment Income (Loss) 32,490,230   30,305,825   22,599,053   56,392,731   102,484   13,178,102
Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions on:                      
Investments 97,033,462   37,763,336   98,054,024   182,382,109   747,537   (10,667,321)
Less: Foreign taxes paid on realized capital gains           (181,038)
Futures contracts (353,508)   23,375,548        
Other foreign currency transactions 20,086   54,440   4,816   67,103   6,824   (108,284)
Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions 96,700,040   61,193,324   98,058,840   182,449,212   754,361   (10,956,643)
Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions of:                      
Investments* 102,079,849   537,245,502   382,165,001   204,891,228   4,321,911   93,757,445
Futures contracts 145,825   5,522,019        
Translation of other assets and liabilities in foreign currencies 65,859   5,542   (517)   (2,078)   5,893   76,642
Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions 102,291,533   542,773,063   382,164,484   204,889,150   4,327,804   93,834,087
Net Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions 198,991,573   603,966,387   480,223,324   387,338,362   5,082,165   82,877,444
Net Increase (Decrease) in Net Assets Resulting from Operations $ 231,481,803   $ 634,272,212   $ 502,822,377   $ 443,731,093   $ 5,184,649   $ 96,055,546
* Includes change in unrealized appreciation (depreciation) on deferred capital gains tax $  —   $  —   $  —   $  —   $  —   $ (661,664)
The accompanying notes are an integral part of these financial statements.

106


Hartford HLS Funds
 Statements of Operations – (continued)
For the Year Ended December 31, 2023 

  Hartford
MidCap
HLS Fund
  Hartford
Small Cap
Growth
HLS Fund
  Hartford
Small
Company
HLS Fund
  Hartford
Stock
HLS Fund
  Hartford
Total Return
Bond
HLS Fund
  Hartford
Ultrashort
Bond
HLS Fund
Investment Income:                      
Dividends $  7,160,152   $  4,803,408   $  3,153,423   $ 26,253,099   $  144,383   $  —
Interest 57,543   452,496   168,938   1,105,830   75,217,097   25,769,055
Securities lending — net 34,487   49,384   50,787   12,556   24,299   57,302
Less: Foreign tax withheld (19,993)       (83,760)   (46,057)  
Total investment income, net 7,232,189   5,305,288   3,373,148   27,287,725   75,339,722   25,826,357
Expenses:                      
Investment management fees 8,028,663   4,421,209   3,131,104   6,459,593   8,370,447   2,351,718
Transfer agent fees                      
Class IA 6,732   5,487   5,491   5,273   5,745   5,062
Class IB 569   1,797   554   479   609   788
Distribution fees                      
Class IB 223,018   444,215   95,096   278,443   423,182   198,023
Custodian fees 11,657   4,980   15,616   6,243   20,798   3,626
Registration and filing fees 13,860   23,033   13,159   12,493   14,504   12,391
Accounting services fees 166,628   118,570   73,791   199,155   261,517   101,970
Board of Directors' fees 30,803   19,399   11,309   37,272   48,781   16,072
Audit and tax fees 29,843   30,125   32,960   29,847   46,269   42,191
Other expenses 62,969   78,544   43,789   87,634   131,519   67,284
Total expenses (before waivers, reimbursements and fees paid indirectly) 8,574,742   5,147,359   3,422,869   7,116,432   9,323,371   2,799,125
Commission recapture (7,507)   (8,034)   (4,452)   (949)    
Total waivers, reimbursements and fees paid indirectly (7,507)   (8,034)   (4,452)   (949)    
Total expenses 8,567,235   5,139,325   3,418,417   7,115,483   9,323,371   2,799,125
Net Investment Income (Loss) (1,335,046)   165,963   (45,269)   20,172,242   66,016,351   23,027,232
Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions on:                      
Investments 38,354,045   65,187,923   (425,762)   38,162,945   (42,944,016)   (343,867)
Purchased options contracts         13,993  
Futures contracts         802,745  
Written options contracts         797,022  
Swap contracts         (2,476,518)  
Foreign currency contracts         (1,972,233)  
Other foreign currency transactions       3,350   39,208  
Net Realized Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions 38,354,045   65,187,923   (425,762)   38,166,295   (45,739,799)   (343,867)
Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions of:                      
Investments 121,099,139   56,908,462   65,100,374   39,506,263   98,253,844   6,491,205
Futures contracts         (3,188,748)  
Swap contracts         1,069,399  
Foreign currency contracts         333,563  
Translation of other assets and liabilities in foreign currencies         69,017  
Net Changes in Unrealized Appreciation (Depreciation) of Investments, Other Financial Instruments and Foreign Currency Transactions 121,099,139   56,908,462   65,100,374   39,506,263   96,537,075   6,491,205
Net Gain (Loss) on Investments, Other Financial Instruments and Foreign Currency Transactions 159,453,184   122,096,385   64,674,612   77,672,558   50,797,276   6,147,338
Net Increase (Decrease) in Net Assets Resulting from Operations $ 158,118,138   $ 122,262,348   $ 64,629,343   $ 97,844,800   $ 116,813,627   $ 29,174,570
The accompanying notes are an integral part of these financial statements.

107


Hartford HLS Funds
 Statements of Changes in Net Assets
 

  Hartford Balanced
HLS Fund
  Hartford Capital
Appreciation HLS Fund
  For the
Year Ended
December 31,
2023
  For the
Year Ended
December 31,
2022
  For the
Year Ended
December 31,
2023
  For the
Year Ended
December 31,
2022
Operations:              
Net investment income (loss) $  32,490,230   $  26,443,021   $  30,305,825   $  25,227,055
Net realized gain (loss) on investments, other financial instruments and foreign currency transactions 96,700,040   49,601,120   61,193,324   35,912,012
Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions 102,291,533   (366,145,089)   542,773,063   (739,642,523)
Net Increase (Decrease) in Net Assets Resulting from Operations 231,481,803   (290,100,948)   634,272,212   (678,503,456)
Distributions to Shareholders:              
Class IA (69,414,974)   (235,269,227)   (78,837,685)   (462,293,161)
Class IB (8,456,331)   (30,348,829)   (8,520,079)   (55,511,710)
Class IC     (296,738)   (4,579,357)
Total distributions (77,871,305)   (265,618,056)   (87,654,502)   (522,384,228)
Capital Share Transactions:              
Sold 10,003,506   8,695,096   23,301,060   25,635,408
Issued on reinvestment of distributions 77,871,305   265,618,056   87,654,502   522,384,228
Redeemed (240,296,963)   (227,999,344)   (486,206,250)   (449,319,830)
Net increase (decrease) from capital share transactions (152,422,152)   46,313,808   (375,250,688)   98,699,806
Net Increase (Decrease) in Net Assets 1,188,346   (509,405,196)   171,367,022   (1,102,187,878)
Net Assets:              
Beginning of period 1,699,397,854   2,208,803,050   3,408,214,248   4,510,402,126
End of period $ 1,700,586,200   $ 1,699,397,854   $ 3,579,581,270   $ 3,408,214,248
The accompanying notes are an integral part of these financial statements.

108


Hartford HLS Funds
 Statements of Changes in Net Assets – (continued)
 

  Hartford Disciplined
Equity HLS Fund
  Hartford Dividend
and Growth HLS Fund
  For the
Year Ended
December 31,
2023
  For the
Year Ended
December 31,
2022
  For the
Year Ended
December 31,
2023
  For the
Year Ended
December 31,
2022
Operations:              
Net investment income (loss) $  22,599,053   $  24,296,026   $  56,392,731   $  54,037,563
Net realized gain (loss) on investments, other financial instruments and foreign currency transactions 98,058,840   17,190,322   182,449,212   297,761,610
Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions 382,164,484   (683,467,246)   204,889,150   (710,962,468)
Net Increase (Decrease) in Net Assets Resulting from Operations 502,822,377   (641,980,898)   443,731,093   (359,163,295)
Distributions to Shareholders:              
Class IA (33,301,220)   (157,383,630)   (304,312,836)   (385,201,370)
Class IB (3,393,798)   (19,344,478)   (37,252,934)   (48,643,796)
Class IC (593,693)   (4,180,932)    
Total distributions (37,288,711)   (180,909,040)   (341,565,770)   (433,845,166)
Capital Share Transactions:              
Sold 28,670,757   23,277,374   112,252,518   68,294,388
Issued on reinvestment of distributions 37,288,711   180,909,040   341,565,770   433,845,166
Redeemed (343,402,110)   (321,060,931)   (457,436,112)   (469,123,286)
Net increase (decrease) from capital share transactions (277,442,642)   (116,874,517)   (3,617,824)   33,016,268
Net Increase (Decrease) in Net Assets 188,091,024   (939,764,455)   98,547,499   (759,992,193)
Net Assets:              
Beginning of period 2,531,530,835   3,471,295,290   3,365,097,857   4,125,090,050
End of period $ 2,719,621,859   $ 2,531,530,835   $ 3,463,645,356   $ 3,365,097,857
The accompanying notes are an integral part of these financial statements.

109


Hartford HLS Funds
 Statements of Changes in Net Assets – (continued)
 

  Hartford Healthcare
HLS Fund
  Hartford International
Opportunities HLS Fund
  For the
Year Ended
December 31,
2023
  For the
Year Ended
December 31,
2022
  For the
Year Ended
December 31,
2023
  For the
Year Ended
December 31,
2022
Operations:              
Net investment income (loss) $  102,484   $  145,148   $  13,178,102   $  15,784,982
Net realized gain (loss) on investments, other financial instruments and foreign currency transactions 754,361   1,846,494   (10,956,643)   (46,855,748)
Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions 4,327,804   (25,407,435)   93,834,087   (179,451,974)
Net Increase (Decrease) in Net Assets Resulting from Operations 5,184,649   (23,415,793)   96,055,546   (210,522,740)
Distributions to Shareholders:              
Class IA (1,980,484)   (28,988,229)   (9,247,593)   (160,928,347)
Class IB (532,405)   (8,169,954)   (713,800)   (16,407,281)
Total distributions (2,512,889)   (37,158,183)   (9,961,393)   (177,335,628)
Capital Share Transactions:              
Sold 7,780,186   6,630,344   44,323,068   47,734,594
Issued on reinvestment of distributions 2,512,889   37,158,183   9,961,393   177,335,628
Redeemed (27,456,846)   (35,537,767)   (139,444,400)   (142,819,227)
Net increase (decrease) from capital share transactions (17,163,771)   8,250,760   (85,159,939)   82,250,995
Net Increase (Decrease) in Net Assets (14,492,011)   (52,323,216)   934,214   (305,607,373)
Net Assets:              
Beginning of period 153,067,567   205,390,783   871,389,718   1,176,997,091
End of period $ 138,575,556   $ 153,067,567   $ 872,323,932   $ 871,389,718
The accompanying notes are an integral part of these financial statements.

110


Hartford HLS Funds
 Statements of Changes in Net Assets – (continued)
 

  Hartford MidCap
HLS Fund
  Hartford Small
Cap Growth HLS Fund
  For the
Year Ended
December 31,
2023
  For the
Year Ended
December 31,
2022
  For the
Year Ended
December 31,
2023
  For the
Year Ended
December 31,
2022
Operations:              
Net investment income (loss) $  (1,335,046)   $  690,460   $  165,963   $  (1,008,274)
Net realized gain (loss) on investments, other financial instruments and foreign currency transactions 38,354,045   74,948,149   65,187,923   (99,052,280)
Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions 121,099,139   (554,367,328)   56,908,462   (278,930,155)
Net Increase (Decrease) in Net Assets Resulting from Operations 158,118,138   (478,728,719)   122,262,348   (378,990,709)
Distributions to Shareholders:              
Class IA (75,946,142)   (198,350,672)     (145,857,718)
Class IB (6,787,836)   (15,789,357)     (32,638,843)
Total distributions (82,733,978)   (214,140,029)     (178,496,561)
Capital Share Transactions:              
Sold 60,088,138   63,623,913   63,486,537   139,734,072
Issued on reinvestment of distributions 82,733,978   214,140,029     178,496,561
Redeemed (257,158,457)   (548,099,232)   (116,208,760)   (446,544,953)
Net increase (decrease) from capital share transactions (114,336,341)   (270,335,290)   (52,722,223)   (128,314,320)
Net Increase (Decrease) in Net Assets (38,952,181)   (963,204,038)   69,540,125   (685,801,590)
Net Assets:              
Beginning of period 1,140,108,171   2,103,312,209   692,941,619   1,378,743,209
End of period $ 1,101,155,990   $ 1,140,108,171   $ 762,481,744   $ 692,941,619
The accompanying notes are an integral part of these financial statements.

111


Hartford HLS Funds
 Statements of Changes in Net Assets – (continued)
 

  Hartford Small
Company HLS Fund
  Hartford Stock
HLS Fund
  For the
Year Ended
December 31,
2023
  For the
Year Ended
December 31,
2022
  For the
Year Ended
December 31,
2023
  For the
Year Ended
December 31,
2022
Operations:              
Net investment income (loss) $  (45,269)   $  (512,101)   $  20,172,242   $  19,719,564
Net realized gain (loss) on investments, other financial instruments and foreign currency transactions (425,762)   (94,443,730)   38,166,295   65,100,542
Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions 65,100,374   (102,599,925)   39,506,263   (172,384,563)
Net Increase (Decrease) in Net Assets Resulting from Operations 64,629,343   (197,555,756)   97,844,800   (87,564,457)
Distributions to Shareholders:              
Class IA   (84,063,157)   (75,334,720)   (152,615,340)
Class IB   (9,738,834)   (6,552,438)   (13,746,384)
Total distributions   (93,801,991)   (81,887,158)   (166,361,724)
Capital Share Transactions:              
Sold 16,462,850   21,831,381   8,876,972   15,189,069
Issued on reinvestment of distributions   93,801,991   81,887,158   166,361,724
Redeemed (66,515,923)   (57,302,976)   (171,396,875)   (172,242,382)
Net increase (decrease) from capital share transactions (50,053,073)   58,330,396   (80,632,745)   9,308,411
Net Increase (Decrease) in Net Assets 14,576,270   (233,027,351)   (64,675,103)   (244,617,770)
Net Assets:              
Beginning of period 417,594,889   650,622,240   1,404,287,964   1,648,905,734
End of period $ 432,171,159   $ 417,594,889   $ 1,339,612,861   $ 1,404,287,964
The accompanying notes are an integral part of these financial statements.

112


Hartford HLS Funds
 Statements of Changes in Net Assets – (continued)
 

  Hartford Total
Return Bond HLS Fund
  Hartford Ultrashort
Bond HLS Fund
  For the
Year Ended
December 31,
2023
  For the
Year Ended
December 31,
2022
  For the
Year Ended
December 31,
2023
  For the
Year Ended
December 31,
2022
Operations:              
Net investment income (loss) $  66,016,351   $  55,453,467   $  23,027,232   $  7,005,852
Net realized gain (loss) on investments, other financial instruments and foreign currency transactions (45,739,799)   (134,142,364)   (343,867)   (321,079)
Net changes in unrealized appreciation (depreciation) of investments, other financial instruments and foreign currency transactions 96,537,075   (238,543,750)   6,491,205   (8,625,157)
Net Increase (Decrease) in Net Assets Resulting from Operations 116,813,627   (317,232,647)   29,174,570   (1,940,384)
Distributions to Shareholders:              
Class IA (55,199,293)   (72,553,255)   (6,533,801)   (1,268,070)
Class IB (5,333,502)   (7,592,524)   (786,067)  
Total distributions (60,532,795)   (80,145,779)   (7,319,868)   (1,268,070)
Capital Share Transactions:              
Sold 147,641,434   112,677,907   35,193,599   48,023,827
Issued on reinvestment of distributions 60,532,795   80,145,779   7,319,868   1,268,070
Redeemed (244,649,710)   (311,169,627)   (115,577,370)   (136,101,507)
Net increase (decrease) from capital share transactions (36,475,481)   (118,345,941)   (73,063,903)   (86,809,610)
Net Increase (Decrease) in Net Assets 19,805,351   (515,724,367)   (51,209,201)   (90,018,064)
Net Assets:              
Beginning of period 1,767,806,647   2,283,531,014   612,993,018   703,011,082
End of period $ 1,787,611,998   $ 1,767,806,647   $ 561,783,817   $ 612,993,018
The accompanying notes are an integral part of these financial statements.

113


Hartford HLS 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 Balanced HLS Fund
For the Year Ended December 31, 2023
IA   $ 26.27   $  0.54   $  3.28   $  3.82   $ (0.53)   $  (0.80)   $  (1.33)   $  28.76   14.78%   $ 1,502,119   0.66%   0.63%   1.96%   57% (4)
IB   26.88   0.48   3.35   3.83   (0.45)   (0.80)   (1.25)   29.46   14.50   198,467   0.91   0.88   1.71   57 (4)
For the Year Ended December 31, 2022
IA   $ 35.47   $  0.44   $  (5.08)   $  (4.64)   $ (0.53)   $  (4.03)   $  (4.56)   $  26.27   (13.42)%   $ 1,499,116   0.65%   0.62%   1.44%   53% (4)
IB   36.18   0.37   (5.19)   (4.82)   (0.45)   (4.03)   (4.48)   26.88   (13.66)   200,282   0.90   0.87   1.19   53 (4)
For the Year Ended December 31, 2021
IA   $ 31.56   $  0.44   $  5.70   $  6.14   $ (0.35)   $  (1.88)   $  (2.23)   $  35.47   19.64%   $ 1,948,846   0.66%   0.63%   1.29%   48% (4)
IB   32.15   0.36   5.81   6.17   (0.26)   (1.88)   (2.14)   36.18   19.37   259,957   0.91   0.88   1.04   48 (4)
For the Year Ended December 31, 2020
IA   $ 30.27   $  0.48   $  2.92   $  3.40   $ (0.51)   $  (1.60)   $  (2.11)   $  31.56   11.62%   $ 1,809,745   0.66%   0.63%   1.63%   43% (4)
IB   30.80   0.41   2.97   3.38   (0.43)   (1.60)   (2.03)   32.15   11.35   242,476   0.91   0.88   1.38   43 (4)
For the Year Ended December 31, 2019
IA   $ 27.47   $  0.54(5)   $  5.47(5)   $  6.01   $ (0.56)   $  (2.65)   $  (3.21)   $  30.27   22.80%   $ 1,849,582   0.66%   0.63%   1.81% (5)   38%
IB   27.91   0.47 (5)   5.55 (5)   6.02   (0.48)   (2.65)   (3.13)   30.80   22.47   247,264   0.91   0.88   1.56 (5)   38
Hartford Capital Appreciation HLS Fund
For the Year Ended December 31, 2023
IA   $ 39.37   $  0.38   $  7.42   $  7.80   $ (0.38)   $  (0.74)   $  (1.12)   $  46.05   19.97%   $ 3,194,008   0.67%   0.67%   0.88%   49%
IB   38.39   0.26   7.23   7.49   (0.27)   (0.74)   (1.01)   44.87   19.67   371,021   0.92   0.92   0.63   49
IC   38.65   0.16   7.27   7.43   (0.16)   (0.74)   (0.90)   45.18   19.38   14,552   1.17   1.17   0.38   49
For the Year Ended December 31, 2022
IA   $ 54.26   $  0.32   $  (8.52)   $  (8.20)   $ (0.41)   $  (6.28)   $  (6.69)   $  39.37   (15.28)%   $ 3,034,471   0.67%   0.67%   0.71%   64%
IB   53.10   0.20   (8.33)   (8.13)   (0.30)   (6.28)   (6.58)   38.39   (15.48)   359,906   0.92   0.92   0.46   64
IC   53.33   0.07   (8.35)   (8.28)   (0.12)   (6.28)   (6.40)   38.65   (15.71)   13,837   1.17   1.17   0.16   64
For the Year Ended December 31, 2021
IA   $ 51.85   $  0.33   $  7.27   $  7.60   $ (0.26)   $  (4.93)   $  (5.19)   $  54.26   14.76%   $ 3,986,182   0.67%   0.67%   0.61%   58%
IB   50.85   0.19   7.11   7.30   (0.12)   (4.93)   (5.05)   53.10   14.45   483,113   0.92   0.92   0.36   58
IC   51.08   0.06   7.14   7.20   (0.02)   (4.93)   (4.95)   53.33   14.18   41,107   1.17   1.17   0.11   58
For the Year Ended December 31, 2020
IA   $ 46.05   $  0.42   $  9.37   $  9.79   $ (0.45)   $  (3.54)   $  (3.99)   $  51.85   21.91%   $ 4,024,340   0.68%   0.68%   0.91%   80%
IB   45.24   0.30   9.18   9.48   (0.33)   (3.54)   (3.87)   50.85   21.62   487,576   0.93   0.93   0.66   80
IC   45.45   0.19   9.20   9.39   (0.22)   (3.54)   (3.76)   51.08   21.32   39,361   1.18   1.18   0.41   80
For the Year Ended December 31, 2019
IA   $ 39.89   $  0.48   $  11.47   $  11.95   $ (0.53)   $  (5.26)   $  (5.79)   $  46.05   31.28%   $ 3,847,850   0.68%   0.68%   1.06%   56%
IB   39.28   0.36   11.28   11.64   (0.42)   (5.26)   (5.68)   45.24   30.96   474,982   0.93   0.93   0.81   56
IC   39.54   0.25   11.34   11.59   (0.42)   (5.26)   (5.68)   45.45   30.63   35,043   1.18   1.18   0.56   56
Hartford Disciplined Equity HLS Fund
For the Year Ended December 31, 2023
IA   $ 15.78   $  0.16   $  3.18   $  3.34   $ (0.15)   $  (0.11)   $  (0.26)   $  18.86   21.24%   $ 2,371,805   0.59%   0.59%   0.90%   22%
IB   15.50   0.11   3.12   3.23   (0.10)   (0.11)   (0.21)   18.52   20.95   283,695   0.84   0.84   0.66   22
IC   15.78   0.07   3.18   3.25   (0.06)   (0.11)   (0.17)   18.86   20.66   64,122   1.09   1.09   0.41   22
For the Year Ended December 31, 2022
IA   $ 20.85   $  0.16   $  (4.06)   $  (3.90)   $ (0.18)   $  (0.99)   $  (1.17)   $  15.78   (18.96)%   $ 2,196,538   0.59%   0.59%   0.90%   13%
IB   20.51   0.11   (4.00)   (3.89)   (0.13)   (0.99)   (1.12)   15.50   (19.20)   272,407   0.84   0.84   0.65   13
IC   20.85   0.07   (4.06)   (3.99)   (0.09)   (0.99)   (1.08)   15.78   (19.40)   62,585   1.09   1.09   0.40   13
The accompanying notes are an integral part of these financial statements.

114


Hartford HLS 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 Disciplined Equity HLS Fund – (continued)
For the Year Ended December 31, 2021
IA   $ 17.40   $  0.13   $  4.29   $  4.42   $ (0.12)   $  (0.85)   $  (0.97)   $  20.85   25.52%   $ 2,997,803   0.60%   0.60%   0.64%   14%
IB   17.13   0.08   4.21   4.29   (0.06)   (0.85)   (0.91)   20.51   25.21   385,018   0.85   0.85   0.39   14
IC   17.40   0.03   4.28   4.31   (0.01)   (0.85)   (0.86)   20.85   24.92   88,474   1.10   1.10   0.14   14
For the Year Ended December 31, 2020
IA   $ 15.97   $  0.12   $  2.64   $  2.76   $ (0.06)   $  (1.27)   $  (1.33)   $  17.40   18.04%   $ 2,701,619   0.66%   0.66%   0.75%   23%
IB   15.76   0.08   2.60   2.68   (0.04)   (1.27)   (1.31)   17.13   17.78   365,246   0.91   0.91   0.50   23
IC (6)   15.34   0.01   2.08   2.09   (0.03)     (0.03)   17.40   13.60 (7)   78,487   1.11 (8)   1.11 (8)   0.23 (8)   23
For the Year Ended December 31, 2019
IA   $ 13.59   $  0.13   $  4.26   $  4.39   $ (0.14)   $  (1.87)   $  (2.01)   $  15.97   34.12%   $  573,688   0.78%   0.78%   0.82%   15%
IB   13.44   0.09   4.20   4.29   (0.10)   (1.87)   (1.97)   15.76   33.76   80,224   1.03   1.03   0.57   15
Hartford Dividend and Growth HLS Fund
For the Year Ended December 31, 2023
IA   $ 22.04   $  0.38   $  2.58   $  2.96   $ (0.34)   $  (2.03)   $  (2.37)   $  22.63   14.18%   $ 3,085,357   0.66%   0.66%   1.69%   27%
IB   21.86   0.32   2.56   2.88   (0.29)   (2.03)   (2.32)   22.42   13.89   378,288   0.91   0.91   1.44   27
For the Year Ended December 31, 2022
IA   $ 27.58   $  0.38   $  (2.83)   $  (2.45)   $ (0.40)   $  (2.69)   $  (3.09)   $  22.04   (8.93)%   $ 2,986,097   0.65%   0.65%   1.52%   23%
IB   27.38   0.31   (2.80)   (2.49)   (0.34)   (2.69)   (3.03)   21.86   (9.15)   379,001   0.90   0.90   1.27   23
For the Year Ended December 31, 2021
IA   $ 22.19   $  0.35   $  6.67   $  7.02   $ (0.34)   $  (1.29)   $  (1.63)   $  27.58   32.00%   $ 3,654,208   0.66%   0.66%   1.36%   21%
IB   22.04   0.28   6.62   6.90   (0.27)   (1.29)   (1.56)   27.38   31.68   470,882   0.91   0.91   1.12   21
For the Year Ended December 31, 2020
IA   $ 22.08   $  0.40   $  1.18   $  1.58   $ (0.39)   $  (1.08)   $  (1.47)   $  22.19   7.77%   $ 3,109,772   0.68%   0.68%   1.95%   24%
IB   21.96   0.34   1.16   1.50   (0.34)   (1.08)   (1.42)   22.04   7.45   412,528   0.93   0.93   1.70   24
For the Year Ended December 31, 2019
IA   $ 19.91   $  0.41   $  4.91   $  5.32   $ (0.40)   $  (2.75)   $  (3.15)   $  22.08   28.60%   $ 2,916,542   0.68%   0.68%   1.85%   19%
IB   19.82   0.35   4.89   5.24   (0.35)   (2.75)   (3.10)   21.96   28.30   393,014   0.93   0.93   1.60   19
Hartford Healthcare HLS Fund
For the Year Ended December 31, 2023
IA   $ 16.05   $  0.02   $  0.63   $  0.65   $ (0.08)   $  (0.21)   $  (0.29)   $  16.41   4.11%   $  109,010   0.92%   0.92%   0.13%   28%
IB   14.14   (0.02)   0.55   0.53   (0.04)   (0.21)   (0.25)   14.42   3.81   29,565   1.17   1.17   (0.12)   28
For the Year Ended December 31, 2022
IA   $ 23.57   $  0.03   $  (2.90)   $  (2.87)   $  —   $  (4.65)   $  (4.65)   $  16.05   (11.24)%   $  120,656   0.91%   0.91%   0.14%   34%
IB   21.47   (0.02)   (2.66)   (2.68)     (4.65)   (4.65)   14.14   (11.47)   32,411   1.16   1.16   (0.11)   34
For the Year Ended December 31, 2021
IA   $ 23.88   $ (0.01)   $  2.44   $  2.43   $ (0.06)   $  (2.68)   $  (2.74)   $  23.57   10.01%   $  164,964   0.92%   0.92%   (0.05)%   51%
IB   21.97   (0.07)   2.25   2.18     (2.68)   (2.68)   21.47   9.76   40,427   1.17   1.17   (0.30)   51
For the Year Ended December 31, 2020
IA   $ 23.67   $  0.02   $  4.94   $  4.96   $ (0.13)   $  (4.62)   $  (4.75)   $  23.88   23.10%   $  190,371   0.91%   0.91%   0.07%   42%
IB   22.12   (0.04)   4.58   4.54   (0.07)   (4.62)   (4.69)   21.97   22.79   43,662   1.16   1.16   (0.18)   42
For the Year Ended December 31, 2019
IA   $ 20.56   $  0.03   $  6.31   $  6.34   $  —   $  (3.23)   $  (3.23)   $  23.67   33.95%   $  191,260   0.91%   0.91%   0.11%   42%
IB   19.44   (0.03)   5.94   5.91     (3.23)   (3.23)   22.12   33.68   41,992   1.16   1.16   (0.16)   42
The accompanying notes are an integral part of these financial statements.

115


Hartford HLS 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 Opportunities HLS Fund
For the Year Ended December 31, 2023
IA   $ 13.71   $  0.22   $  1.37   $  1.59   $ (0.17)   $  —   $  (0.17)   $  15.13   11.72%   $  791,135   0.76%   0.76%   1.54%   54%
IB   13.99   0.19   1.40   1.59   (0.13)     (0.13)   15.45   11.45   81,189   1.01   1.01   1.29   54
For the Year Ended December 31, 2022
IA   $ 20.90   $  0.27   $  (4.13)   $  (3.86)   $ (0.29)   $  (3.04)   $  (3.33)   $  13.71   (18.14)%   $  787,084   0.75%   0.75%   1.69%   91%
IB   21.21   0.24   (4.19)   (3.95)   (0.23)   (3.04)   (3.27)   13.99   (18.32)   84,305   1.00   1.00   1.44   91
For the Year Ended December 31, 2021
IA   $ 19.58   $  0.22   $  1.31   $  1.53   $ (0.21)   $  —   $  (0.21)   $  20.90   7.82%   $ 1,064,640   0.73%   0.73%   1.09%   95%
IB   19.86   0.18   1.32   1.50   (0.15)     (0.15)   21.21   7.57   112,357   0.98   0.98   0.84   95
For the Year Ended December 31, 2020
IA   $ 16.56   $  0.10   $  3.24   $  3.34   $ (0.32)   $  —   $  (0.32)   $  19.58   20.45%   $ 1,095,213   0.76%   0.76%   0.61%   107%
IB   16.80   0.06   3.27   3.33   (0.27)     (0.27)   19.86   20.09   143,449   1.01   1.01   0.36   107
For the Year Ended December 31, 2019
IA   $ 13.91   $  0.27   $  3.30   $  3.57   $ (0.30)   $  (0.62)   $  (0.92)   $  16.56   26.43%   $ 1,093,030   0.74%   0.74%   1.74%   88%
IB   14.09   0.24   3.35   3.59   (0.26)   (0.62)   (0.88)   16.80   26.14   135,655   0.99   0.99   1.48   88
Hartford MidCap HLS Fund
For the Year Ended December 31, 2023
IA   $ 25.69   $ (0.03)   $  3.67   $  3.64   $ (0.01)   $  (1.97)   $  (1.98)   $  27.35   14.83%   $ 1,009,741   0.73%   0.73%   (0.10)%   40%
IB   24.24   (0.09)   3.45   3.36     (1.97)   (1.97)   25.63   14.54   91,415   0.98   0.98   (0.35)   40
For the Year Ended December 31, 2022
IA   $ 40.31   $  0.02   $  (9.57)   $  (9.55)   $ (0.29)   $  (4.78)   $  (5.07)   $  25.69   (24.27)%   $ 1,051,771   0.71%   0.71%   0.06%   44%
IB   38.35   (0.05)   (9.09)   (9.14)   (0.19)   (4.78)   (4.97)   24.24   (24.46)   88,337   0.96   0.96   (0.18)   44
For the Year Ended December 31, 2021
IA   $ 43.44   $  0.29   $  3.97   $  4.26   $  —   $  (7.39)   $  (7.39)   $  40.31   9.91%   $ 1,973,242   0.69%   0.69%   0.65%   28%
IB   41.76   0.15   3.83   3.98     (7.39)   (7.39)   38.35   9.62   130,071   0.94   0.94   0.37   28
For the Year Ended December 31, 2020
IA   $ 38.17   $  0.03   $  8.90   $  8.93   $ (0.02)   $  (3.64)   $  (3.66)   $  43.44   25.10%   $ 2,377,320   0.70%   0.70%   0.07%   50%
IB   36.90   (0.04)   8.54   8.50     (3.64)   (3.64)   41.76   24.80   140,632   0.95   0.95   (0.11)   50
For the Year Ended December 31, 2019
IA   $ 33.77   $  0.05   $  10.56   $  10.61   $ (0.07)   $  (6.14)   $  (6.21)   $  38.17   32.87%   $ 2,045,156   0.69%   0.69%   0.12%   29%
IB   32.85   (0.05)   10.24   10.19     (6.14)   (6.14)   36.90   32.49   55,049   0.94   0.94   (0.12)   29
Hartford Small Cap Growth HLS Fund
For the Year Ended December 31, 2023
IA   $ 21.71   $  0.02   $  3.98   $  4.00   $  —   $  —   $  —   $  25.71   18.42%   $  569,738   0.65%   0.65%   0.08%   63%
IB   20.35   (0.04)   3.72   3.68         24.03   18.08   192,744   0.90   0.90   (0.16)   63
For the Year Ended December 31, 2022
IA   $ 36.60   $ (0.02)   $ (10.09)   $ (10.11)   $  —   $  (4.78)   $  (4.78)   $  21.71   (28.46)%   $  522,920   0.64%   0.64%   (0.06)%   52%
IB   34.77   (0.07)   (9.57)   (9.64)     (4.78)   (4.78)   20.35   (28.61)   170,021   0.89   0.89   (0.30)   52
For the Year Ended December 31, 2021
IA   $ 38.15   $ (0.04)   $  1.68   $  1.64   $  —   $  (3.19)   $  (3.19)   $  36.60   4.02%   $ 1,153,860   0.63%   0.63%   (0.11)%   44%
IB   36.48   (0.13)   1.61   1.48     (3.19)   (3.19)   34.77   3.76   224,883   0.88   0.88   (0.36)   44
For the Year Ended December 31, 2020
IA   $ 29.72   $ (0.02)   $  9.57   $  9.55   $  —   $  (1.12)   $  (1.12)   $  38.15   33.20%   $ 1,224,012   0.67%   0.67%   (0.07)%   61%
IB   28.53   (0.09)   9.16   9.07     (1.12)   (1.12)   36.48   32.89   201,033   0.92   0.92   (0.34)   61
The accompanying notes are an integral part of these financial statements.

116


Hartford HLS 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 Growth HLS Fund – (continued)
For the Year Ended December 31, 2019
IA   $ 26.76   $  0.03   $  8.61   $  8.64   $  —   $  (5.68)   $  (5.68)   $  29.72   35.81%   $  954,063   0.64%   0.64%   0.11%   42%
IB   25.95   (0.04)   8.30   8.26     (5.68)   (5.68)   28.53   35.45   381,057   0.89   0.89   (0.14)   42
Hartford Small Company HLS Fund
For the Year Ended December 31, 2023
IA   $ 13.57   $ (0.00) (9)   $  2.26   $  2.26   $  —   $  —   $  —   $  15.83   16.65%   $  392,112   0.80%   0.80%   0.01%   39%
IB   11.24   (0.03)   1.88   1.85         13.09   16.46   40,059   1.05   1.05   (0.24)   39
For the Year Ended December 31, 2022
IA   $ 24.57   $ (0.01)   $  (7.33)   $  (7.34)   $  —   $  (3.66)   $  (3.66)   $  13.57   (30.88)%   $  379,584   0.79%   0.79%   (0.08)%   87%
IB   21.25   (0.05)   (6.30)   (6.35)     (3.66)   (3.66)   11.24   (31.07)   38,011   1.04   1.04   (0.33)   87
For the Year Ended December 31, 2021
IA   $ 27.44   $ (0.14)   $  0.66   $  0.52   $  —   $  (3.39)   $  (3.39)   $  24.57   1.56%   $  590,597   0.77%   0.77%   (0.51)%   111%
IB   24.23   (0.19)   0.60   0.41     (3.39)   (3.39)   21.25   1.30   60,025   1.02   1.02   (0.79)   111
For the Year Ended December 31, 2020
IA   $ 20.45   $ (0.07)   $  10.38   $  10.31   $  —   $  (3.32)   $  (3.32)   $  27.44   55.52%   $  540,764   0.81%   0.81%   (0.32)%   105%
IB   18.44   (0.11)   9.22   9.11     (3.32)   (3.32)   24.23   55.03   67,898   1.06   1.06   (0.56)   105
For the Year Ended December 31, 2019
IA   $ 18.38   $ (0.05)   $  6.36   $  6.31   $  —   $  (4.24)   $  (4.24)   $  20.45   37.00%   $  572,642   0.79%   0.79%   (0.23)%   79%
IB   16.94   (0.09)   5.83   5.74     (4.24)   (4.24)   18.44   36.77   51,691   1.04   1.04   (0.49)   79
Hartford Stock HLS Fund
For the Year Ended December 31, 2023
IA   $ 95.62   $  1.45   $  5.62   $  7.07   $ (1.25)   $  (4.76)   $  (6.01)   $  96.68   7.72%   $ 1,228,741   0.51%   0.51%   1.53%   8%
IB   95.55   1.21   5.61   6.82   (1.01)   (4.76)   (5.77)   96.60   7.45   110,872   0.76   0.76   1.28   8
For the Year Ended December 31, 2022
IA   $113.91   $  1.40   $  (7.51)   $  (6.11)   $ (1.62)   $ (10.56)   $ (12.18)   $  95.62   (5.14)%   $ 1,286,070   0.51%   0.51%   1.37%   10%
IB   113.84   1.14   (7.50)   (6.36)   (1.37)   (10.56)   (11.93)   95.55   (5.37)   118,218   0.76   0.76   1.12   10
For the Year Ended December 31, 2021
IA   $ 95.52   $  1.38   $  22.20   $  23.58   $ (1.30)   $  (3.89)   $  (5.19)   $ 113.91   24.98%   $ 1,506,206   0.51%   0.51%   1.32%   15%
IB   95.48   1.12   22.15   23.27   (1.02)   (3.89)   (4.91)   113.84   24.67   142,700   0.76   0.76   1.07   15
For the Year Ended December 31, 2020
IA   $ 92.58   $  1.39   $  9.21   $  10.60   $ (1.48)   $  (6.18)   $  (7.66)   $  95.52   12.08%   $ 1,360,099   0.52%   0.52%   1.57%   15%
IB   92.57   1.17   9.17   10.34   (1.25)   (6.18)   (7.43)   95.48   11.79   129,670   0.77   0.77   1.32   15
For the Year Ended December 31, 2019
IA   $ 78.10   $  1.43   $  22.40   $  23.83   $ (1.46)   $  (7.89)   $  (9.35)   $  92.58   31.22%   $ 1,375,643   0.51%   0.51%   1.59%   15%
IB   78.11   1.20   22.39   23.59   (1.24)   (7.89)   (9.13)   92.57   30.89   133,951   0.76   0.76   1.34   15
Hartford Total Return Bond HLS Fund
For the Year Ended December 31, 2023
IA   $ 9.27   $  0.35   $  0.28   $  0.63   $ (0.33)   $  —   $  (0.33)   $  9.57   6.97%   $ 1,621,072   0.50%   0.50%   3.77%   52% (10)
IB   9.22   0.33   0.27   0.60   (0.30)     (0.30)   9.52   6.69   166,540   0.75   0.75   3.51   52 (10)
For the Year Ended December 31, 2022
IA   $ 11.29   $  0.29   $  (1.88)   $  (1.59)   $ (0.31)   $  (0.12)   $  (0.43)   $  9.27   (14.21)%   $ 1,592,156   0.50%   0.50%   2.87%   58% (10)
IB   11.22   0.26   (1.87)   (1.61)   (0.27)   (0.12)   (0.39)   9.22   (14.41)   175,651   0.75   0.75   2.62   58 (10)
The accompanying notes are an integral part of these financial statements.

117


Hartford HLS 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 Total Return Bond HLS Fund – (continued)
For the Year Ended December 31, 2021
IA   $ 11.98   $  0.24   $  (0.35)   $  (0.11)   $ (0.29)   $  (0.29)   $  (0.58)   $  11.29   (0.95)%   $ 2,045,579   0.50%   0.50%   2.09%   61% (10)
IB   11.91   0.21   (0.35)   (0.14)   (0.26)   (0.29)   (0.55)   11.22   (1.18)   237,952   0.75   0.75   1.84   61 (10)
For the Year Ended December 31, 2020
IA   $ 11.44   $  0.29   $  0.73   $  1.02   $ (0.45)   $  (0.03)   $  (0.48)   $  11.98   9.03%   $ 2,110,986   0.51%   0.51%   2.45%   62% (10)
IB   11.38   0.26   0.72   0.98   (0.42)   (0.03)   (0.45)   11.91   8.71   265,900   0.76   0.76   2.19   62 (10)
For the Year Ended December 31, 2019
IA   $ 10.76   $  0.36(11)   $  0.77(11)   $  1.13   $ (0.45)   $  —   $  (0.45)   $  11.44   10.65%   $ 1,873,182   0.51%   0.51%   3.16% (11)   61%
IB   10.70   0.33 (11)   0.77 (11)   1.10   (0.42)     (0.42)   11.38   10.32   214,338   0.76   0.76   2.91 (11)   61
Hartford Ultrashort Bond HLS Fund
For the Year Ended December 31, 2023
IA   $ 9.96   $  0.40   $  0.11   $  0.51   $ (0.13)   $  —   $  (0.13)   $  10.34   5.18%   $  486,165   0.44%   0.44%   3.95%   56%
IB   9.95   0.37   0.11   0.48   (0.10)     (0.10)   10.33   4.88   75,619   0.69   0.69   3.70   56
For the Year Ended December 31, 2022
IA   $ 10.00   $  0.11   $  (0.13)   $  (0.02)   $ (0.02)   $  —   $  (0.02)   $  9.96   (0.17)%   $  529,433   0.43%   0.43%   1.10%   66%
IB   9.99   0.08   (0.12)   (0.04)         9.95   (0.40)   83,560   0.68   0.68   0.84   66
For the Year Ended December 31, 2021
IA   $ 10.09   $  0.02   $  (0.04)   $  (0.02)   $ (0.07)   $  —   $  (0.07)   $  10.00   (0.19)%   $  605,732   0.44%   0.44%   0.15%   73%
IB   10.09   (0.01)   (0.04)   (0.05)   (0.05)     (0.05)   9.99   (0.46)   97,279   0.69   0.69   (0.10)   73
For the Year Ended December 31, 2020
IA   $ 10.19   $  0.10   $  0.05   $  0.15   $ (0.25)   $  —   $  (0.25)   $  10.09   1.44%   $  657,375   0.46%   0.46%   0.95%   76%
IB   10.18   0.07   0.06   0.13   (0.22)     (0.22)   10.09   1.27   110,250   0.71   0.71   0.67   76
For the Year Ended December 31, 2019
IA   $ 10.10   $  0.23   $  0.05   $  0.28   $ (0.19)   $  —   $  (0.19)   $  10.19   2.81%   $  393,590   0.45%   0.45%   2.21%   70%
IB   10.09   0.20   0.06   0.26   (0.17)     (0.17)   10.18   2.54   57,142   0.70   0.70   1.96   70
    
FINANCIAL HIGHLIGHTS FOOTNOTES
(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) The figures do not include sales charges or other fees which may be applied at the variable contract level or by a qualified pension or retirement plan. Any such additional sales charges or other fees would lower the Fund’s performance.
(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) Portfolio turnover excludes TBA roll transactions. Had TBA roll transactions been included, the portfolio turnover rate would have been 59%, 61%, 49% and 48% for the fiscal years ended December 31, 2023, December 31, 2022, December 31, 2021 and December 31, 2020, respectively.
(5) FASB issued ASU 2017-08 to amend the amortization period to the earliest call date for purchased callable debt securities held at a premium. Effective January 1, 2019, the Fund amended its amortization policy and the effect of this change for the year ended December 31, 2019 was an increase to net investment income per share for less than $0.005, decrease to net realized and unrealized gain (loss) on investments for less than $(0.005) and a decrease to ratio of net investment income to average net assets for less than 0.005% for each class of shares. Per share data and ratios for periods prior to December 31, 2019 have not been restated to reflect this change in presentation.
(6) Commenced operations on September 18, 2020.
(7) Not annualized.
(8) Annualized.
(9) Per share amount is less than $0.005.
(10) Portfolio turnover excludes TBA roll transactions. Had TBA roll transactions been included, the portfolio turnover rate would have been 422%, 431%, 494% and 564% for the fiscal years ended December 31, 2023, December 31, 2022, December 31, 2021 and December 31, 2020, respectively.
(11) FASB issued ASU 2017-08 to amend the amortization period to the earliest call date for purchased callable debt securities held at a premium. Effective January 1, 2019, the Fund amended its amortization policy and the effect of this change for the year ended December 31, 2019 was a decrease to net investment income per share for less than $(0.005), increase to net realized and unrealized gain (loss) on investments for less than $0.005 and a decrease to ratio of net investment income to average net assets of (0.01)% for each class of shares. Per share data and ratios for periods prior to December 31, 2019 have not been restated to reflect this change in presentation.
The accompanying notes are an integral part of these financial statements.

118


Hartford HLS Funds
 Notes to Financial Statements
 December 31, 2023

1. Organization:
  Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. (each, a "Company" and collectively, the “Companies”) are each an open-end registered management investment company comprised of eleven and one series, respectively, as of December 31, 2023. Financial statements for the series of each Company listed below (each, a "Fund" and collectively, the "Funds") are included in this report.
   
Hartford Series Fund, Inc.:
Hartford Balanced HLS Fund (the "Balanced HLS Fund")
Hartford Capital Appreciation HLS Fund (the "Capital Appreciation HLS Fund")
Hartford Disciplined Equity HLS Fund (the "Disciplined Equity HLS Fund")
Hartford Dividend and Growth HLS Fund (the "Dividend and Growth HLS Fund")
Hartford Healthcare HLS Fund (the "Healthcare HLS Fund")
Hartford International Opportunities HLS Fund (the "International Opportunities HLS Fund")
Hartford MidCap HLS Fund (the "MidCap HLS Fund")
Hartford Small Company HLS Fund (the "Small Company HLS Fund")
Hartford Stock HLS Fund (the "Stock HLS Fund")
Hartford Total Return Bond HLS Fund (the "Total Return Bond HLS Fund")
Hartford Ultrashort Bond HLS Fund (the "Ultrashort Bond HLS Fund")
    
Hartford HLS Series Fund II, Inc.:
Hartford Small Cap Growth HLS Fund (the "Small Cap Growth HLS 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 U.S. Securities and Exchange Commission (the "SEC") under the Investment Company Act of 1940, as amended (the "1940 Act"). Each Fund serves as an underlying investment option for certain variable annuity and variable life insurance separate accounts of insurance companies and certain qualified pension or retirement plans. Owners of variable annuity contracts and policyholders of variable life insurance contracts may choose the Funds if permitted in the variable insurance contract prospectus. In addition, participants in certain qualified pension or retirement plans may choose the Funds if permitted by their plans.
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 IA and IB shares. Each of Capital Appreciation HLS Fund and Disciplined Equity HLS Fund also has registered for sale Class IC shares. Class IA and Class IB shares of each Fund are closed to certain investors. The Small Cap Growth HLS Fund and Small Company HLS Fund are closed to new investors, subject to certain exceptions set forth in the Funds' prospectus. Each class is offered at the per share net asset value (“NAV”) without a sales charge. Class IB shares are subject to distribution and service fees charged pursuant to a Distribution Plan adopted in accordance with Rule 12b-1 under the 1940 Act. Class IC shares are subject to distribution fees charged pursuant to a Distribution Plan adopted in accordance with Rule 12b-1 under the 1940 Act and Class IC shares are also subject to an administrative services fee.
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 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 the 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.

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Hartford HLS Funds
 Notes to Financial Statements – (continued)
 December 31, 2023

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.
  With respect to a Fund's investments that do not have readily available market prices, the respective Company's Board of Directors (the "Board") has designated Hartford Funds Management Company, LLC (the "Investment Manager" or "HFMC") as its valuation designee to perform fair valuations pursuant to Rule 2a-5 under the 1940 Act (the "Valuation Designee").
  If market prices are not readily available or deemed unreliable, the Valuation Designee determines the fair value of the security or other instrument in good faith under policies and procedures approved by and under the supervision of the Board ("Valuation Procedures").
  The Valuation Designee has delegated the day-to-day responsibility for implementing the Valuation Procedures to the Valuation Committee (the "Valuation Committee"). The Valuation Committee will consider all available relevant factors in determining an investment’s fair value. The Valuation Designee reports fair value matters to the Audit Committee of the Board.
  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 or redeem shares of the Fund.
  Fixed income investments (other than short-term obligations) and non-exchange traded derivatives 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, which approximates fair value.
  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 or redeem 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.
  Shares of investment companies listed and traded on an exchange are valued in the same manner as any exchange-listed equity security. Investments in investment companies that are not listed or traded on an exchange ("Non-Traded Funds"), if any, are valued at the respective NAV of each Non-Traded Fund on the Valuation Date. Such Non-Traded 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 quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with the Valuation Procedures.

120


Hartford HLS Funds
 Notes to Financial Statements – (continued)
 December 31, 2023

  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.
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, such 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.
  The Capital Appreciation HLS Fund and the Dividend and Growth HLS Fund filed claims to recover taxes withheld on prior year reclaims (EU reclaims) related to French taxes withheld on dividend income from 2009, 2010 and 2011. The Capital Appreciation HLS Fund and the Dividend and Growth HLS Fund received EU reclaims with related interest in the amount of $499,518 and $752,746, respectively, which is recorded on the Statement of Operations as Foreign withholding tax reclaims.
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 such 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 (loss) 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.

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Hartford HLS Funds
 Notes to Financial Statements – (continued)
 December 31, 2023

  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 contract holders and plan participants. 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 each 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 each 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 respective 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 capital gains, if any, at least once per 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. See each Fund’s Schedule of Investments, if applicable, for when-issued or delayed-delivery investments as of December 31, 2023.
  A 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. See each Fund's Schedule of Investments, if applicable, for TBA commitments as of December 31, 2023.
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

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Hartford HLS Funds
 Notes to Financial Statements – (continued)
 December 31, 2023

  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 December 31, 2023.
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 December 31, 2023.
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 December 31, 2023.
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. Each 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. 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 December 31, 2023. 
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

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Hartford HLS Funds
 Notes to Financial Statements – (continued)
 December 31, 2023

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 December 31, 2023, each of Balanced HLS Fund, Capital Appreciation HLS Fund and Total Return Bond HLS Fund had used Futures Contracts.
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 December 31, 2023, the Total Return Bond HLS Fund had used Foreign Currency 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. 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 December 31, 2023, the Total Return Bond HLS 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

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Hartford HLS Funds
 Notes to Financial Statements – (continued)
 December 31, 2023

  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.
  During the year ended December 31, 2023, the Total Return Bond HLS Fund had used Credit Default Swap Contracts. 

125


Hartford HLS Funds
 Notes to Financial Statements – (continued)
 December 31, 2023

  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., Secured Overnight Financing Rate (“SOFR”)), 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 December 31, 2023, the Total Return Bond HLS Fund had used Interest Rate Swap Contracts.
e) Additional Derivative Instrument Information:
  Balanced HLS Fund
   
The Effect of Derivative Instruments on the Statement of Assets and Liabilities as of December 31, 2023:
  Risk Exposure Category
  Interest Rate
Contracts
  Foreign
Currency
Contracts
  Credit
Contracts
  Equity
Contracts
  Commodity
Contracts
  Total
Assets:                      
Unrealized appreciation on futures contracts(1) $ 213,236   $ —   $ —   $ —   $ —   $ 213,236
Total $ 213,236   $ —   $ —   $ —   $ —   $ 213,236
    
(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 December 31, 2023:
  Risk Exposure Category
  Interest Rate
Contracts
  Foreign
Currency
Contracts
  Credit
Contracts
  Equity
Contracts
  Commodity
Contracts
  Total
Realized Gain (Loss) on Derivatives Recognized as a Result of Operations:                      
Net realized gain (loss) on futures contracts $ (353,508)   $ —   $ —   $ —   $ —   $ (353,508)
Total $ (353,508)   $ —   $ —   $ —   $ —   $ (353,508)
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:                      
Net change in unrealized appreciation (depreciation) of futures contracts $  145,825   $ —   $ —   $ —   $ —   $  145,825
Total $  145,825   $ —   $ —   $ —   $ —   $  145,825
For the year ended December 31, 2023, 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 Number of Long Contracts   249
Futures Contracts Number of Short Contracts   (37)

126


Hartford HLS Funds
 Notes to Financial Statements – (continued)
 December 31, 2023

Capital Appreciation HLS Fund
The Effect of Derivative Instruments on the Statement of Assets and Liabilities as of December 31, 2023:
  Risk Exposure Category
  Interest Rate
Contracts
  Foreign
Currency
Contracts
  Credit
Contracts
  Equity
Contracts
  Commodity
Contracts
  Total
Assets:                      
Unrealized appreciation on futures contracts(1) $ —   $ —   $ —   $ 1,923,011   $ —   $ 1,923,011
Total $ —   $ —   $ —   $ 1,923,011   $ —   $ 1,923,011
    
(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 December 31, 2023:
  Risk Exposure Category
  Interest Rate
Contracts
  Foreign
Currency
Contracts
  Credit
Contracts
  Equity
Contracts
  Commodity
Contracts
  Total
Realized Gain (Loss) on Derivatives Recognized as a Result of Operations:                      
Net realized gain (loss) on futures contracts $ —   $ —   $ —   $ 23,375,548   $ —   $ 23,375,548
Total $ —   $ —   $ —   $ 23,375,548   $ —   $ 23,375,548
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:                      
Net change in unrealized appreciation (depreciation) of futures contracts $ —   $ —   $ —   $  5,522,019   $ —   $  5,522,019
Total $ —   $ —   $ —   $  5,522,019   $ —   $  5,522,019
For the year ended December 31, 2023, 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 Number of Long Contracts   225
Total Return Bond HLS Fund
The Effect of Derivative Instruments on the Statement of Assets and Liabilities as of December 31, 2023:
  Risk Exposure Category
  Interest Rate
Contracts
  Foreign
Currency
Contracts
  Credit
Contracts
  Equity
Contracts
  Commodity
Contracts
  Total
Assets:                      
Unrealized appreciation on futures contracts(1) $ 8,390,175   $  —   $  —   $ —   $ —   $  8,390,175
Unrealized appreciation on swap contracts(2) 1,561,255           1,561,255
Total $ 9,951,430   $  —   $  —   $ —   $ —   $  9,951,430
Liabilities:                      
Unrealized depreciation on futures contracts(1) $ 8,591,558   $  —   $  —   $ —   $ —   $  8,591,558
Unrealized depreciation on foreign currency contracts   412,052         412,052
Unrealized depreciation on swap contracts(2) 455,995     620,356       1,076,351
Total $ 9,047,553   $ 412,052   $ 620,356   $ —   $ —   $ 10,079,961
    
(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.
    

127


Hartford HLS Funds
 Notes to Financial Statements – (continued)
 December 31, 2023

Total Return Bond HLS Fund – (continued)
 
The Effect of Derivative Instruments on the Statement of Operations for the year ended December 31, 2023:
  Risk Exposure Category
  Interest Rate
Contracts
  Foreign
Currency
Contracts
  Credit
Contracts
  Equity
Contracts
  Commodity
Contracts
  Total
Realized Gain (Loss) on Derivatives Recognized as a Result of Operations:                      
Net realized gain (loss) on purchased options contracts $  13,993   $  —   $  —   $ —   $ —   $  13,993
Net realized gain (loss) on futures contracts 802,745           802,745
Net realized gain (loss) on written options contracts 797,022           797,022
Net realized gain (loss) on swap contracts (554,799)     (1,921,719)       (2,476,518)
Net realized gain (loss) on foreign currency contracts   (1,972,233)         (1,972,233)
Total $  1,058,961   $ (1,972,233)   $ (1,921,719)   $ —   $ —   $ (2,834,991)
Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result of Operations:                      
Net change in unrealized appreciation (depreciation) of futures contracts $ (3,188,748)   $  —   $  —   $ —   $ —   $ (3,188,748)
Net change in unrealized appreciation (depreciation) of swap contracts 1,105,260     (35,861)       1,069,399
Net change in unrealized appreciation (depreciation) of foreign currency contracts   333,563         333,563
Total $ (2,083,488)   $  333,563   $  (35,861)   $ —   $ —   $ (1,785,786)
For the year ended December 31, 2023, 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 at Notional Amount   $  2,105,333
Futures Contracts Number of Long Contracts   3,219
Futures Contracts Number of Short Contracts   (1,580)
Written Options at Notional Amount   $ (22,400,833)
Swap Contracts at Notional Amount   $  65,908,607
Foreign Currency Contracts Purchased at Contract Amount   $  2,191,608
Foreign Currency Contracts Sold at Contract Amount   $ 44,072,643
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 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 December 31, 2023:
   
Balanced HLS Fund        
Derivative Financial Instruments:   Assets   Liabilities
Futures contracts   $ 213,236   $ —
Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities   213,236  
Derivatives not subject to a MNA   (213,236)  
Total gross amount of assets and liabilities subject to MNA or similar agreements   $  —   $ —
    

128


Hartford HLS Funds
 Notes to Financial Statements – (continued)
 December 31, 2023

Capital Appreciation HLS Fund        
Derivative Financial Instruments:   Assets   Liabilities
Futures contracts   $ 1,923,011   $ —
Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities   1,923,011  
Derivatives not subject to a MNA   (1,923,011)  
Total gross amount of assets and liabilities subject to MNA or similar agreements   $  —   $ —
    
Total Return Bond HLS Fund        
Derivative Financial Instruments:   Assets   Liabilities
Foreign currency contracts   $  —   $  (412,052)
Futures contracts   8,390,175   (8,591,558)
Swap contracts   1,561,255   (1,076,351)
Total gross amount of derivative assets and liabilities in the Statement of Assets and Liabilities   9,951,430   (10,079,961)
Derivatives not subject to a MNA   (9,951,430)   9,667,909
Total gross amount of assets and liabilities subject to MNA or similar agreements   $  —   $  (412,052)
    
    
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   $  (12,428)   $ —   $  —   $  —   $  (12,428)
Deutsche Bank Securities, Inc.   (399,624)     72,059   160,000   (167,565)
Total   $ (412,052)   $ —   $ 72,059   $ 160,000   $ (179,993)
    
* 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 outbreak of COVID-19, a respiratory disease caused by a novel coronavirus, negatively affected the worldwide economy, created supply chain disruptions and labor shortages, and impacted the financial health of individual companies and the market in significant and unforeseen ways. The future impact of COVID-19, if any, remains unclear. The effects to public health, business and market conditions resulting from COVID-19 pandemic have had, and may continue to have, a significant negative impact on the performance of a Fund's investments, including exacerbating other pre-existing political, social and economic risks.
  The banking sector has recently been subject to increased market volatility. As a result, a Fund’s investments in the banking sector may be subject to increased volatility risk.
  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

129


Hartford HLS Funds
 Notes to Financial Statements – (continued)
 December 31, 2023

  to prepayment and extension risk generally offer less potential for gains when interest rates decline. Rising interest rates may cause prepayments to 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.
  Geopolitical events, including the invasion of Ukraine by Russia and the conflict between Israel and Hamas, have injected uncertainty into the global financial markets. Investments in Russia are subject to political, economic, legal, market and currency risks, as well as the risks related to the economic sanctions on Russia imposed by the United States and/or other countries. Such sanctions which affect companies in many sectors, including energy, financial services and defense, among others, have adversely affected and could continue to adversely affect the global energy and financial markets and, thus, have adversely affected and could continue to adversely affect the value of a Fund’s investments, even beyond any direct exposure the Fund may have to Russian issuers or the adjoining geographic regions. In addition, certain transactions have or may be prohibited and/or existing investments have or may become illiquid (e.g., because transacting in certain existing investments is prohibited), which could cause a Fund to sell other portfolio holdings at a disadvantageous time or price in order to meet redemptions.
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, 2023. 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"), non-taxable distributions from underlying investments, RICs, certain derivatives, losses deferred due to straddle adjustments 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.

130


Hartford HLS Funds
 Notes to Financial Statements – (continued)
 December 31, 2023

c) Distributions and Components of Distributable Earnings – The tax character of distributions paid by each Fund for the years ended December 31, 2023 and December 31, 2022 are as follows:
   
    For the Year Ended
December 31, 2023
  For the Year Ended
December 31, 2022
Fund   Ordinary
Income
  Long-Term
Capital Gains(1)
  Ordinary
Income
  Long-Term
Capital Gains(1)
Balanced HLS Fund   $ 30,261,139   $ 47,610,166   $ 42,466,612   $ 223,151,444
Capital Appreciation HLS Fund   33,627,880   54,026,622   64,891,675   457,492,553
Disciplined Equity HLS Fund   20,367,256   16,921,455   35,832,973   145,076,067
Dividend and Growth HLS Fund   52,723,896   288,841,874   72,697,937   361,147,229
Healthcare HLS Fund   615,343   1,897,546   3,816,291   33,341,892
International Opportunities HLS Fund   9,961,393     40,967,010   136,368,618
MidCap HLS Fund   5,954,860   76,779,118   12,084,551   202,055,478
Small Cap Growth HLS Fund       7,681,251   170,815,310
Small Company HLS Fund       11,972,762   81,829,229
Stock HLS Fund   17,000,012   64,887,146   26,880,254   139,481,470
Total Return Bond HLS Fund   60,532,795     61,202,717   18,943,062
Ultrashort Bond HLS Fund   7,319,868     1,268,070  
                 
    
(1) The Funds designate these distributions as long-term capital gains dividends pursuant to IRC Sec 852(b)(3)(c).
As of December 31, 2023, 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 Gains
  Accumulated
Capital and
Other Losses
  Other
Temporary
Differences
  Unrealized
Appreciation
(Depreciation)
on Investments
  Total
Accumulated
Earnings
(Deficit)
Balanced HLS Fund   $ 3,134,004   $ 95,974,977   $  —   $ (1,519,193)   $ 388,983,482   $ 486,573,270
Capital Appreciation HLS Fund   39,194,625   22,411,908       870,409,241   932,015,774
Disciplined Equity HLS Fund   2,702,190   96,848,015       999,142,635   1,098,692,840
Dividend and Growth HLS Fund   5,540,876   182,085,110       1,326,557,330   1,514,183,316
Healthcare HLS Fund   108,182   883,464       35,202,171   36,193,817
International Opportunities HLS Fund   12,920,512     (58,513,302)     152,580,228   106,987,438
MidCap HLS Fund   4,779,454   15,797,013       262,006,362   282,582,829
Small Cap Growth HLS Fund   1,900,938     (31,482,735)     157,922,114   128,340,317
Small Company HLS Fund       (92,046,243)     63,451,512   (28,594,731)
Stock HLS Fund   3,174,631   38,162,198       624,419,759   665,756,588
Total Return Bond HLS Fund   62,668,039     (184,990,325)   (1,139,771)   (152,651,068)   (276,113,125)
Ultrashort Bond HLS Fund   23,071,439     (12,504,922)     (2,970,418)   7,596,099
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 net operating losses, subsequent adjustments to wash sales, non-taxable distributions from underlying investments, and partnerships. Adjustments are made to reflect the impact these items have on the current and future earnings 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 December 31, 2023, the Funds recorded reclassifications to increase (decrease) the accounts listed below:
   
Fund   Paid-in-Capital   Distributable
Earnings (Loss)
Capital Appreciation HLS Fund   $ (15,642)   $ 15,642
Disciplined Equity HLS Fund   (5,272)   5,272
Small Cap Growth HLS Fund   10,291   (10,291)
Small Company HLS Fund   (451,373)   451,373
e) Capital Loss Carryforward – Under the Regulated Investment Company Modernization Act of 2010, funds are permitted to carry forward capital losses for an unlimited period.

131


Hartford HLS Funds
 Notes to Financial Statements – (continued)
 December 31, 2023

  At December 31, 2023 (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
International Opportunities HLS Fund   $ 52,013,759   $ 6,499,543
Small Cap Growth HLS Fund   31,482,735  
Small Company HLS Fund   87,607,448   4,438,795
Total Return Bond HLS Fund*   96,162,694   88,827,631
Ultrashort Bond HLS Fund   672,779   11,832,143
    
* Future utilization of losses are subject to limitation under current tax laws.
During the year ended December 31, 2023, the Small Cap Growth Fund utilized $64,593,901 and the Small Company Fund utilized $1,002,753 of prior year capital loss carryforward.
The Balanced HLS Fund, Capital Appreciation HLS Fund, Disciplined Equity HLS Fund, Dividend And Growth HLS Fund, Healthcare HLS Fund, MidCap HLS Fund, and Stock HLS Fund had no capital loss carryforward for U.S. federal tax purposes as of December 31, 2023.
f) Tax Basis of Investments – The aggregate cost of investments for federal income tax purposes at December 31, 2023 is different from book purposes primarily due to wash sale loss deferrals, PFICs 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, 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 HLS Fund   $ 1,303,152,757   $ 415,971,393   $ (27,091,401)   $ 388,879,992
Capital Appreciation HLS Fund   2,666,576,186   916,844,035   (46,432,209)   870,411,826
Disciplined Equity HLS Fund   1,698,650,656   1,031,320,109   (32,176,433)   999,143,676
Dividend and Growth HLS Fund   2,104,928,361   1,357,679,877   (31,122,799)   1,326,557,078
Healthcare HLS Fund   102,632,516   43,332,287   (8,133,348)   35,198,939
International Opportunities HLS Fund   712,755,109   168,590,880   (15,125,324)   153,465,556
MidCap HLS Fund   835,227,866   301,522,029   (39,515,667)   262,006,362
Small Cap Growth HLS Fund   607,507,453   182,951,524   (25,029,410)   157,922,114
Small Company HLS Fund   370,348,061   96,312,783   (32,861,271)   63,451,512
Stock HLS Fund   710,771,129   627,861,846   (3,442,087)   624,419,759
Total Return Bond HLS Fund   2,232,668,690   25,104,752   (177,824,241)   (152,719,489)
Ultrashort Bond HLS Fund   560,665,846   1,467,646   (4,438,064)   (2,970,418)
g) Accounting for Uncertainty in Income Taxes – Pursuant to provisions set forth by U.S. GAAP, HFMC reviews each Fund’s tax positions for all open tax years. As of December 31, 2023, 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 three 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 December 31, 2023, 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.

132


Hartford HLS Funds
 Notes to Financial Statements – (continued)
 December 31, 2023

The schedule below reflects the rates of compensation paid to HFMC for investment management services rendered as of December 31, 2023; 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 HLS Fund*   0.6800% on first $250 million and;
    0.6550% on next $250 million and;
    0.6450% on next $500 million and;
    0.5950% on next $4 billion and;
    0.5925% on next $5 billion and;
    0.5900% over $10 billion
Capital Appreciation HLS Fund   0.7750% on first $250 million and;
    0.7250% on next $250 million and;
    0.6750% on next $500 million and;
    0.6250% on next $1.5 billion and;
    0.6200% on next $2.5 billion and;
    0.6150% on next $5 billion and;
    0.6100% over $10 billion
Disciplined Equity HLS Fund   0.6000% on first $1 billion and;
    0.5500% on next $4 billion and;
    0.5300% on next $5 billion and;
    0.5000% over $10 billion
Dividend and Growth HLS Fund   0.6900% on first $250 million and;
    0.6425% on next $250 million and;
    0.6325% on next $500 million and;
    0.6250% on next $1.5 billion and;
    0.6200% on next $2.5 billion and;
    0.6150% on next $5 billion and;
    0.6100% over $10 billion
Healthcare HLS Fund   0.8500% on first $250 million and;
    0.8000% on next $250 million and;
    0.7500% on next $4.5 billion and;
    0.7475% on next $5 billion and;
    0.7450% over $10 billion
International Opportunities HLS Fund   0.7750% on first $250 million and;
    0.7250% on next $250 million and;
    0.6750% on next $500 million and;
    0.6250% on next $1.5 billion and;
    0.6200% on next $2.5 billion and;
    0.6150% on next $5 billion and;
    0.6100% over $10 billion
MidCap HLS Fund   0.7750% on first $250 million and;
    0.7250% on next $250 million and;
    0.6750% on next $500 million and;
    0.6250% on next $4 billion and;
    0.6225% on next $5 billion and;
    0.6200% over $10 billion
Small Cap Growth HLS Fund   0.7000% on first $100 million and;
    0.6000% on next $4.9 billion and;
    0.5800% on next $5 billion and;
    0.5700% over $10 billion
Small Company HLS Fund   0.7750% on first $250 million and;
    0.7250% on next $250 million and;
    0.6750% on next $500 million and;
    0.6000% on next $500 million and;
    0.5500% on next $3.5 billion and;
    0.5300% on next $5 billion and;
    0.5200% over $10 billion

133


Hartford HLS Funds
 Notes to Financial Statements – (continued)
 December 31, 2023

Fund   Management Fee Rates
Stock HLS Fund   0.5250% on first $250 million and;
    0.5000% on next $250 million and;
    0.4750% on next $500 million and;
    0.4500% on next $4 billion and;
    0.4475% on next $5 billion and;
    0.4450% over $10 billion
Total Return Bond HLS Fund   0.5250% on first $250 million and;
    0.5000% on next $250 million and;
    0.4750% on next $500 million and;
    0.4500% on next $1.5 billion and;
    0.4450% on next $2.5 billion and;
    0.4300% on next $5 billion and;
    0.4200% over $10 billion
Ultrashort Bond HLS Fund   0.4000% on first $5 billion and;
    0.3800% on next $5 billion and;
    0.3700% over $10 billion
  
* HFMC voluntarily waived a portion of its contractual management fee equal to 0.03% as an annual percentage rate of the Balanced HLS Fund’s average daily net assets from January 1, 2023 through December 31, 2023.
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. The fund accounting fee for each Fund is equal to the greater of: (A) the sum of (i) the sub-accounting fee payable by HFMC with respect to the Fund; (ii) the fee payable for tax preparation services for the Fund; and (iii) the amount of expenses that HFMC allocates for providing the fund accounting services to the Fund; plus a target profit margin; or (B) $40,000 per year; provided, however, that to the extent the annual amount of the fund accounting fee exceeds 0.02% of the Fund’s average net assets (calculated during its current fiscal year), HFMC shall waive such portion of the fund accounting fee.
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.
d) Fees Paid Indirectly –  Hartford HLS Series Fund II, Inc. and Hartford Series Fund, Inc., on behalf of its series except Total Return Bond HLS Fund and Ultrashort Bond HLS Fund, 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 the Funds’ expenses. For the year ended December 31, 2023, 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 IA   Class IB   Class IC
Balanced HLS Fund   0.63%   0.88%   N/A
Capital Appreciation HLS Fund   0.67%   0.92%   1.17%
Disciplined Equity HLS Fund   0.59%   0.84%   1.09%
Dividend and Growth HLS Fund   0.65%   0.90%   N/A
Healthcare HLS Fund   0.92%   1.17%   N/A
International Opportunities HLS Fund   0.76%   1.01%   N/A
MidCap HLS Fund   0.73%   0.98%   N/A
Small Cap Growth HLS Fund   0.65%   0.90%   N/A
Small Company HLS Fund   0.80%   1.05%   N/A
Stock HLS Fund   0.51%   0.76%   N/A
Total Return Bond HLS Fund   0.50%   0.75%   N/A
Ultrashort Bond HLS Fund   0.44%   0.69%   N/A
e) Distribution Plans for Class IB and Class IC Shares – Hartford Funds Distributors, LLC ("HFD"), an indirect subsidiary of The Hartford, is the principal underwriter and distributor of each Fund. Each Company, on behalf of its respective Funds, has adopted a Distribution Plan pursuant to Rule 12b-1 of the 1940 Act for Class IB shares and Hartford Series Fund, Inc. on behalf of certain Funds, has adopted a Distribution Plan pursuant to Rule 12b-1 of the 1940 Act for Class IC shares.

134


Hartford HLS Funds
 Notes to Financial Statements – (continued)
 December 31, 2023

  Pursuant to the Class IB Distribution Plans, a Fund may pay HFD a fee of up to 0.25% of the average daily net assets of the Fund attributable to its Class IB 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 IC Distribution Plans, a Fund may pay HFD a fee of up to 0.25% of the average daily net assets of the Fund attributable to its Class IC shares for distribution financing activities.
  Each Board has the authority to suspend or reduce these payments at any point in time. The distribution fees paid during the period can be found on the Statements of Operations. 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.
f) Administrative Services Fee for Class IC Shares – Certain Funds may pay an administrative services fee to third party insurance companies annually up to 0.25% of the average daily net assets of the Fund attributable to its Class IC shares for recordkeeping and/or other administrative services provided to such Class IC shares. The total administrative services fees paid during the period are shown on the Statements of Operations. These fees are accrued daily and paid monthly.
g) 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 December 31, 2023, 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
Balanced HLS Fund   $ 3,816
Capital Appreciation HLS Fund   7,959
Disciplined Equity HLS Fund   5,927
Dividend and Growth HLS Fund   7,609
Healthcare HLS Fund   322
International Opportunities HLS Fund   1,981
MidCap HLS Fund   2,636
Small Cap Growth HLS Fund   1,664
Small Company HLS Fund   953
Stock HLS Fund   3,029
Total Return Bond HLS Fund   3,933
Ultrashort Bond HLS Fund   1,308
Hartford Administrative Services Company (“HASCO”), an indirect subsidiary of The Hartford, provides transfer agent services to each Fund. Pursuant to a sub-transfer agency agreement between HASCO and SS&C GIDS, Inc. ("SS&C", formerly known as DST Asset Manager Solutions, Inc.), HASCO has delegated certain transfer agent, dividend disbursing agent and shareholder servicing agent functions to SS&C. The costs and expenses of such delegation are borne by HASCO, not by the Funds. Each Fund pays HASCO a fixed fee annually, plus out of pocket expenses for providing such services. 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 December 31, 2023, 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 IA   Class IB   Class IC
Balanced HLS Fund   0.00%*   0.00%*   N/A
Capital Appreciation HLS Fund   0.00%*   0.00%*   0.00%*
Disciplined Equity HLS Fund   0.00%*   0.00%*   0.00%*
Dividend and Growth HLS Fund   0.00%*   0.00%*   N/A
Healthcare HLS Fund   0.00%*   0.00%*   N/A
International Opportunities HLS Fund   0.00%*   0.00%*   N/A
MidCap HLS Fund   0.00%*   0.00%*   N/A
Small Cap Growth HLS Fund   0.00%*   0.00%*   N/A
Small Company HLS Fund   0.00%*   0.00%*   N/A
Stock HLS Fund   0.00%*   0.00%*   N/A
Total Return Bond HLS Fund   0.00%*   0.00%*   N/A
Ultrashort Bond HLS Fund   0.00%*   0.00%*   N/A
    
* Percentage rounds to zero.

135


Hartford HLS Funds
 Notes to Financial Statements – (continued)
 December 31, 2023

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 1/3%) of the value of its total assets. A Fund may lend portfolio securities, provided that the borrower provides collateral that is maintained in an amount at least equal to the current market value of the securities loaned. Cash collateral is invested for the benefit of a 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. The contractual maturities of the securities lending transactions are considered overnight and continuous.
  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; (vi) the risk that any efforts to restrict or recall the securities for purposes of voting may not be effective; and (vii) operational risks (i.e., the risk of losses resulting from problems in the settlement and accounting process especially so in certain international markets). These events could also trigger adverse tax consequences for the Fund.
  A Fund retains loan fees and the interest on cash collateral investments but is 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 applicable Fund). Upon termination of a loan, a Fund is 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. A Fund also receives 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 for each Fund that lends its portfolio securities the market value of the securities on loan and the cash and non-cash collateral posted by the borrower as of December 31, 2023.
   
Fund   Investment Securities on Loan, at market value,
Presented on the Statements of Assets and Liabilities
  Cash
Collateral(1)
  Non-Cash
Collateral(1)
Balanced HLS Fund   $  670,421   $  701,851   $ —
Capital Appreciation HLS Fund   10,853,794   11,438,686  
Disciplined Equity HLS Fund      
Dividend and Growth HLS Fund   12,220,659   16,112,083  
Healthcare HLS Fund   612,390   631,410  
International Opportunities HLS Fund   1,403,784   1,480,458  
MidCap HLS Fund   106,546   109,000  
Small Cap Growth HLS Fund   6,340,632   6,722,774  
Small Company HLS Fund   2,205,196   2,327,133  
Stock HLS Fund      
Total Return Bond HLS Fund   184,460   192,750  
Ultrashort Bond HLS Fund   3,026,454   3,169,858  
    
(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 due to timing. Pursuant to the lending agreement, the borrower will provide collateral in an amount at least equal to the current market value of securities loaned.

136


Hartford HLS Funds
 Notes to Financial Statements – (continued)
 December 31, 2023

9. Investment Transactions:
  For the year ended December 31, 2023, 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 HLS Fund   $ 503,841,923   $ 672,343,074   $ 436,469,198   $ 447,243,144   $ 940,311,121   $ 1,119,586,218
Capital Appreciation HLS Fund   1,688,588,598   2,107,268,623       1,688,588,598   2,107,268,623
Disciplined Equity HLS Fund   565,592,443   853,406,200       565,592,443   853,406,200
Dividend and Growth HLS Fund   879,041,559   1,175,589,735       879,041,559   1,175,589,735
Healthcare HLS Fund   39,878,117   58,492,167       39,878,117   58,492,167
International Opportunities HLS Fund   458,208,605   531,949,006       458,208,605   531,949,006
MidCap HLS Fund   453,810,218   655,190,505       453,810,218   655,190,505
Small Cap Growth HLS Fund   450,704,563   497,037,296       450,704,563   497,037,296
Small Company HLS Fund   160,850,747   208,747,682       160,850,747   208,747,682
Stock HLS Fund   111,778,794   229,084,653       111,778,794   229,084,653
Total Return Bond HLS Fund   476,901,527   478,405,728   418,549,957   427,041,230   895,451,484   905,446,958
Ultrashort Bond HLS Fund   254,975,870   273,215,738   60,975,822   19,020,429   315,951,692   292,236,167
10. Capital Share Transactions:
  The following information is for the years ended December 31, 2023 and December 31, 2022:
   
  For the Year Ended
December 31, 2023
  For the Year Ended
December 31, 2022
  Shares   Amount   Shares   Amount
Balanced HLS Fund              
Class IA              
Shares Sold 330,989   $  9,054,110   219,884   $ 6,632,090
Shares Issued for Reinvested Dividends 2,502,161   69,414,975   8,609,461   235,269,227
Shares Redeemed (7,667,422)   (210,959,860)   (6,702,016)   (201,054,701)
Net Increase (Decrease) (4,834,272)   (132,490,775)   2,127,329   40,846,616
Class IB              
Shares Sold 33,899   $  949,396   62,482   $ 2,063,006
Shares Issued for Reinvested Dividends 298,556   8,456,330   1,086,696   30,348,829
Shares Redeemed (1,045,841)   (29,337,103)   (883,907)   (26,944,643)
Net Increase (Decrease) (713,386)   (19,931,377)   265,271   5,467,192
Total Net Increase (Decrease) (5,547,658)   $ (152,422,152)   2,392,600   $  46,313,808
Capital Appreciation HLS Fund              
Class IA              
Shares Sold 473,051   $  20,021,492   478,265   $ 21,183,735
Shares Issued for Reinvested Dividends 1,796,937   78,837,685   11,514,100   462,293,161
Shares Redeemed (9,984,492)   (427,051,346)   (8,387,017)   (373,524,847)
Net Increase (Decrease) (7,714,504)   (328,192,169)   3,605,348   109,952,049
Class IB              
Shares Sold 64,617   $  2,662,403   79,217   $ 3,581,150
Shares Issued for Reinvested Dividends 200,428   8,520,079   1,419,968   55,511,710
Shares Redeemed (1,371,172)   (56,730,261)   (1,222,050)   (53,739,530)
Net Increase (Decrease) (1,106,127)   (45,547,779)   277,135   5,353,330
Class IC              
Shares Sold 14,723   $  617,165   20,134   $ 870,523
Shares Issued for Reinvested Dividends 6,980   296,738   116,731   4,579,357
Shares Redeemed (57,612)   (2,424,643)   (549,701)   (22,055,453)
Net Increase (Decrease) (35,909)   (1,510,740)   (412,836)   (16,605,573)
Total Net Increase (Decrease) (8,856,540)   $ (375,250,688)   3,469,647   $  98,699,806

137


Hartford HLS Funds
 Notes to Financial Statements – (continued)
 December 31, 2023

  For the Year Ended
December 31, 2023
  For the Year Ended
December 31, 2022
  Shares   Amount   Shares   Amount
Disciplined Equity HLS Fund              
Class IA              
Shares Sold 1,003,054   $  16,899,096   1,053,612   $ 18,127,590
Shares Issued for Reinvested Dividends 1,830,969   33,301,220   9,490,549   157,383,630
Shares Redeemed (16,274,982)   (280,156,696)   (15,060,986)   (265,431,648)
Net Increase (Decrease) (13,440,959)   (229,956,380)   (4,516,825)   (89,920,428)
Class IB              
Shares Sold 641,095   $  10,655,506   225,041   $ 3,936,722
Shares Issued for Reinvested Dividends 191,373   3,393,798   1,186,882   19,344,478
Shares Redeemed (3,088,023)   (51,869,515)   (2,609,863)   (45,206,359)
Net Increase (Decrease) (2,255,555)   (37,820,211)   (1,197,940)   (21,925,159)
Class IC              
Shares Sold 63,911   $  1,116,155   65,269   $ 1,213,062
Shares Issued for Reinvested Dividends 33,253   593,693   252,005   4,180,932
Shares Redeemed (663,616)   (11,375,899)   (594,398)   (10,422,924)
Net Increase (Decrease) (566,452)   (9,666,051)   (277,124)   (5,028,930)
Total Net Increase (Decrease) (16,262,966)   $ (277,442,642)   (5,991,889)   $ (116,874,517)
Dividend and Growth HLS Fund              
Class IA              
Shares Sold 4,494,734   $  100,289,824   2,440,332   $ 60,072,245
Shares Issued for Reinvested Dividends 14,145,906   304,312,836   17,111,680   385,201,370
Shares Redeemed (17,777,058)   (396,753,813)   (16,574,436)   (410,801,466)
Net Increase (Decrease) 863,582   7,848,847   2,977,576   34,472,149
Class IB              
Shares Sold 531,618   $  11,962,694   336,645   $ 8,222,143
Shares Issued for Reinvested Dividends 1,752,329   37,252,934   2,181,673   48,643,796
Shares Redeemed (2,747,117)   (60,682,299)   (2,378,170)   (58,321,820)
Net Increase (Decrease) (463,170)   (11,466,671)   140,148   (1,455,881)
Total Net Increase (Decrease) 400,412   $  (3,617,824)   3,117,724   $  33,016,268
Healthcare HLS Fund              
Class IA              
Shares Sold 443,435   $  6,991,320   330,069   $ 5,869,382
Shares Issued for Reinvested Dividends 125,905   1,980,484   1,893,418   28,988,229
Shares Redeemed (1,442,733)   (22,801,995)   (1,704,922)   (31,464,215)
Net Increase (Decrease) (873,393)   (13,830,191)   518,565   3,393,396
Class IB              
Shares Sold 57,081   $  788,866   47,033   $ 760,962
Shares Issued for Reinvested Dividends 38,468   532,405   605,182   8,169,954
Shares Redeemed (337,821)   (4,654,851)   (243,296)   (4,073,552)
Net Increase (Decrease) (242,272)   (3,333,580)   408,919   4,857,364
Total Net Increase (Decrease) (1,115,665)   $  (17,163,771)   927,484   $  8,250,760
International Opportunities HLS Fund              
Class IA              
Shares Sold 2,929,809   $  42,214,909   2,701,606   $ 43,715,504
Shares Issued for Reinvested Dividends 659,130   9,247,593   11,991,680   160,928,347
Shares Redeemed (8,710,915)   (125,239,364)   (8,230,906)   (131,059,144)
Net Increase (Decrease) (5,121,976)   (73,776,862)   6,462,380   73,584,707
Class IB              
Shares Sold 143,998   $  2,108,159   255,274   $ 4,019,090
Shares Issued for Reinvested Dividends 49,812   713,800   1,197,612   16,407,281
Shares Redeemed (964,939)   (14,205,036)   (722,909)   (11,760,083)
Net Increase (Decrease) (771,129)   (11,383,077)   729,977   8,666,288
Total Net Increase (Decrease) (5,893,105)   $  (85,159,939)   7,192,357   $  82,250,995

138


Hartford HLS Funds
 Notes to Financial Statements – (continued)
 December 31, 2023

  For the Year Ended
December 31, 2023
  For the Year Ended
December 31, 2022
  Shares   Amount   Shares   Amount
MidCap HLS Fund              
Class IA              
Shares Sold 2,161,425   $  57,430,387   1,926,333   $ 60,792,609
Shares Issued for Reinvested Dividends 2,997,228   75,946,142   7,357,221   198,350,672
Shares Redeemed (9,184,929)   (245,433,066)   (17,288,434)   (534,589,256)
Net Increase (Decrease) (4,026,276)   (112,056,537)   (8,004,880)   (275,445,975)
Class IB              
Shares Sold 105,589   $  2,657,751   98,754   $ 2,831,304
Shares Issued for Reinvested Dividends 285,432   6,787,836   620,163   15,789,357
Shares Redeemed (469,063)   (11,725,391)   (465,863)   (13,509,976)
Net Increase (Decrease) (78,042)   (2,279,804)   253,054   5,110,685
Total Net Increase (Decrease) (4,104,318)   $ (114,336,341)   (7,751,826)   $ (270,335,290)
Small Cap Growth HLS Fund              
Class IA              
Shares Sold 1,944,732   $  45,345,538   3,682,957   $ 101,103,808
Shares Issued for Reinvested Dividends     6,286,971   145,857,718
Shares Redeemed (3,863,762)   (90,872,333)   (17,409,584)   (418,561,213)
Net Increase (Decrease) (1,919,030)   (45,526,795)   (7,439,656)   (171,599,687)
Class IB              
Shares Sold 826,265   $  18,140,999   1,507,838   $ 38,630,264
Shares Issued for Reinvested Dividends     1,500,636   32,638,843
Shares Redeemed (1,160,707)   (25,336,427)   (1,118,910)   (27,983,740)
Net Increase (Decrease) (334,442)   (7,195,428)   1,889,564   43,285,367
Total Net Increase (Decrease) (2,253,472)   $  (52,722,223)   (5,550,092)   $ (128,314,320)
Small Company HLS Fund              
Class IA              
Shares Sold 1,007,689   $  14,341,000   1,044,667   $ 18,816,229
Shares Issued for Reinvested Dividends     5,781,510   84,063,157
Shares Redeemed (4,223,323)   (60,681,730)   (2,885,740)   (50,472,696)
Net Increase (Decrease) (3,215,634)   (46,340,730)   3,940,437   52,406,690
Class IB              
Shares Sold 178,421   $  2,121,850   207,806   $ 3,015,152
Shares Issued for Reinvested Dividends     807,532   9,738,834
Shares Redeemed (498,957)   (5,834,193)   (458,458)   (6,830,280)
Net Increase (Decrease) (320,536)   (3,712,343)   556,880   5,923,706
Total Net Increase (Decrease) (3,536,170)   $  (50,053,073)   4,497,317   $  58,330,396
Stock HLS Fund              
Class IA              
Shares Sold 79,681   $  7,536,323   116,363   $ 12,078,931
Shares Issued for Reinvested Dividends 810,289   75,334,720   1,608,971   152,615,340
Shares Redeemed (1,630,067)   (154,860,279)   (1,498,739)   (152,487,895)
Net Increase (Decrease) (740,097)   (71,989,236)   226,595   12,206,376
Class IB              
Shares Sold 14,367   $  1,340,649   30,369   $ 3,110,138
Shares Issued for Reinvested Dividends 70,725   6,552,438   145,284   13,746,384
Shares Redeemed (174,534)   (16,536,596)   (191,911)   (19,754,487)
Net Increase (Decrease) (89,442)   (8,643,509)   (16,258)   (2,897,965)
Total Net Increase (Decrease) (829,539)   $  (80,632,745)   210,337   $  9,308,411
Total Return Bond HLS Fund              
Class IA              
Shares Sold 15,176,034   $  142,684,898   10,735,180   $ 108,243,934
Shares Issued for Reinvested Dividends 6,106,117   55,199,293   7,581,322   72,553,256
Shares Redeemed (23,541,416)   (219,847,805)   (27,849,075)   (277,496,565)
Net Increase (Decrease) (2,259,265)   (21,963,614)   (9,532,573)   (96,699,375)

139


Hartford HLS Funds
 Notes to Financial Statements – (continued)
 December 31, 2023

  For the Year Ended
December 31, 2023
  For the Year Ended
December 31, 2022
  Shares   Amount   Shares   Amount
Class IB              
Shares Sold 531,491   $  4,956,536   440,393   $ 4,433,973
Shares Issued for Reinvested Dividends 592,611   5,333,502   796,697   7,592,523
Shares Redeemed (2,673,019)   (24,801,905)   (3,401,588)   (33,673,062)
Net Increase (Decrease) (1,548,917)   (14,511,867)   (2,164,498)   (21,646,566)
Total Net Increase (Decrease) (3,808,182)   $  (36,475,481)   (11,697,071)   $ (118,345,941)
Ultrashort Bond HLS Fund              
Class IA              
Shares Sold 2,730,430   $  27,707,145   3,581,498   $ 35,571,225
Shares Issued for Reinvested Dividends 646,911   6,533,801   128,217   1,268,070
Shares Redeemed (9,506,009)   (96,390,807)   (11,136,975)   (110,402,716)
Net Increase (Decrease) (6,128,668)   (62,149,861)   (7,427,260)   (73,563,421)
Class IB              
Shares Sold 738,435   $  7,486,454   1,255,473   $ 12,452,602
Shares Issued for Reinvested Dividends 77,828   786,067    
Shares Redeemed (1,895,524)   (19,186,563)   (2,595,085)   (25,698,791)
Net Increase (Decrease) (1,079,261)   (10,914,042)   (1,339,612)   (13,246,189)
Total Net Increase (Decrease) (7,207,929)   $  (73,063,903)   (8,766,872)   $  (86,809,610)
11. Line of Credit:
  Each Fund participates in a committed line of credit pursuant to a credit agreement dated March 2, 2023. 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 certain fees, such as a commitment fee. From January 1, 2022 through March 2, 2023, the Funds (together with certain other Hartford Funds)  had a similar agreement that enabled them to participate in a $350 million committed line of credit. The fees incurred by the Funds in connection with the committed lines of credit during the period appear in the Statements of Operations under "Other expenses." During and as of the year ended December 31, 2023, none of the Funds had borrowings under these facilities.
12. 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.
13. Regulatory Update:
  The SEC adopted rule and form amendments that will change the format and content of the Funds' annual and semi-annual reports. Certain information, including the financial statements, will not appear in the Funds' new tailored shareholder reports but will be available online, delivered free of charge upon request, and filed on a semi-annual basis on Form N-CSR. The rule and form amendments have a compliance date of July 24, 2024. At this time, Management is evaluating with the SEC impact of these rule and form amendment changes.
14. Subsequent Events:
  In connection with the preparation of the financial statements of the Funds as of and for the year ended December 31, 2023, events and transactions subsequent to December 31, 2023, through the date the financial statements were issued have been evaluated by the Funds’ management for possible adjustment and/or disclosure.
  At a meeting held February 13-14, 2024, the Board of Directors of Hartford HLS Series Fund II, Inc.  approved the reorganization of Hartford Small Cap Growth HLS Fund (the “Existing Fund”), a series of Hartford HLS Series Fund II, Inc.,  into a newly created “shell” series of Hartford Series Fund, Inc. (the “Shell Fund”). The Shell Fund will be identical to the Existing Fund, except for its registrant. It is anticipated that immediately

140


Hartford HLS Funds
 Notes to Financial Statements – (continued)
 December 31, 2023

before the opening of business on April 29, 2024, all of the assets and liabilities of the Existing Fund will be transferred to the Shell Fund solely in exchange for shares of the Shell Fund. The Existing Fund will distribute the shares of the Shell Fund received in the exchange to its shareholders, and then the Existing Fund will be liquidated.

141


Report of Independent Registered Public Accounting Firm
To the Board of Directors of Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. and Shareholders of Hartford Balanced HLS Fund, Hartford Capital Appreciation HLS Fund, Hartford Disciplined Equity HLS Fund, Hartford Dividend and Growth HLS Fund, Hartford Healthcare HLS Fund, Hartford International Opportunities HLS Fund, Hartford MidCap HLS Fund, Hartford Small Cap Growth HLS Fund, Hartford Small Company HLS Fund, Hartford Stock HLS Fund, Hartford Total Return Bond HLS Fund, and Hartford Ultrashort Bond HLS Fund

Opinions on the Financial Statements
We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of Hartford Balanced HLS Fund, Hartford Capital Appreciation HLS Fund, Hartford Disciplined Equity HLS Fund, Hartford Dividend and Growth HLS Fund, Hartford Healthcare HLS Fund, Hartford International Opportunities HLS Fund, Hartford MidCap HLS Fund, Hartford Small Company HLS Fund, Hartford Stock HLS Fund, Hartford Total Return Bond HLS Fund, and Hartford Ultrashort Bond HLS Fund (constituting Hartford Series Fund, Inc.) and Hartford Small Cap Growth HLS Fund (constituting Hartford HLS Series Fund II, Inc.) (hereafter collectively referred to as the “Funds”) as of December 31, 2023, the related statements of operations for the year ended December 31, 2023, the statements of changes in net assets for each of the two years in the period ended December 31, 2023, including the related notes, and the financial highlights for each of the periods indicated therein ended on or subsequent to December 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 December 31, 2023, the results of each of their operations for the year then ended, the changes in each of their net assets for each of the two years in the period ended December 31, 2023 and each of the financial highlights for each of the periods indicated therein ended on or subsequent to December 31, 2020 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 December 31, 2019 and the financial highlights for each of the periods ended on or prior to December 31, 2019 (not presented herein, other than the financial highlights) were audited by other auditors whose report dated February 25, 2020 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 December 31, 2023 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
February 14, 2024
We have served as the auditor of one or more investment companies in the Hartford Funds group of investment companies since 2020.

142


Hartford HLS Funds
Directors and Officers of each Company (Unaudited)

Each of Hartford Series Fund, Inc. and Hartford HLS Series Fund 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 December 31, 2023. 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.   83   Ms. Ackermann served as a Director of Dynegy, Inc. from October 2012 until its acquisition by Vistra Energy Corporation ("Vistra") 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 December 2022.
ROBIN C. BEERY
(1967)
  Director   Since 2017   Ms. Beery has served as a consultant to ArrowMark Partners (an alternative asset manager) since March 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.   83   Ms. Beery serves as an independent Director of UMB Financial Corporation (January 2015 to present), has chaired the Compensation Committee since April 2017, and has been a member of the Compensation Committee and the Risk Committee since January 2015.
DERRICK D. CEPHAS
(1952)
  Director   Since 2020   Mr. Cephas currently serves as Of Counsel to Squire Patton Boggs LLP, an international law firm with 45 offices in 20 countries. 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).   83   Mr. Cephas currently serves as a Director of Claros Mortgage Trust, Inc., a real estate investment trust and is a member of the Compensation Committee and the Nominating and Governance Committee.
CHRISTINE R. DETRICK
(1958)
  Director and Chair of the Board   Director since
2016; Chair of
the Board since
2021
  From 2002 until 2012, Ms. Detrick was a Senior Partner, Leader of the Financial Services Practice, and a Senior Advisor at Bain & Company (“Bain”). Before joining Bain, she served in various senior management roles for other financial services firms and was a consultant at McKinsey and Company.   83   Ms. Detrick currently serves as a Director of Charles River Associates (May 2020 to present); currently serves as a Director of Capital One Financial Corporation (since November 2021); and currently serves as a Director and Chair of Altus Power, Inc (since December 2021).

143


Hartford HLS 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
JOHN J. GAUTHIER
(1961)
  Director   Since 2022   Mr. Gauthier currently is the Principal Owner of JJG Advisory, LLC, an investment consulting firm, and Co-Founder and Principal Owner of Talcott Capital Partners (a placement agent for investment managers serving insurance companies).  From 2008 to 2018, Mr. Gauthier served as a Senior Vice President (2008-2010), Executive Vice President (2010-2012), and President (2012-2018) of Allied World Assurance, LTD, AG (a global provider of property, casualty and specialty insurance and reinsurance solutions).   83   Mr. Gauthier serves as a Director of Reinsurance Group of America, Inc. (from 2018 to present); currently serves as a Director of Hamilton Insurance Group, Ltd. (October 2023 to present); and chairs the Investment Committee and is a member of the Audit and Risk Committees.
ANDREW A. JOHNSON
(1962)
  Director   Since 2020   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).   83   Mr. Johnson currently serves as a Director of AGNC Investment Corp., a real estate investment trust.
PAUL L. ROSENBERG
(1953)
  Director   Since 2020   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).   83   None
DAVID SUNG
(1953)
  Director   Since 2017   Mr. Sung was a Partner at Ernst & Young LLP from October 1995 to July 2014.   83   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 DIRECTOR
JAMES E. DAVEY(4)
(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.   83   None
AMY N. FURLONG
(1979)
  Vice President   Since 2018   Ms. Furlong serves as Vice President and Assistant Treasurer of HFMC (since September 2019). From 2018 through March 15, 2021, Ms. Furlong served as the Treasurer of the Company and resumed her position as Treasurer from January 9, 2023 through September 10, 2023. 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

144


Hartford HLS 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
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, Chief Compliance Officer and AML Compliance Officer   Vice President and Chief Compliance Officer since 2013; AML Compliance Officer since August 1, 2022   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 is Deputy General Counsel for HFMG (since April 2022) and currently 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 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
ANKIT PURI
(1984)
  Vice President and Treasurer   Effective September 11, 2023   Effective September 11, 2023, Mr. Puri serves as Vice President and Treasurer of each Company. Prior to joining HFMC in 2023, Mr. Puri was a Fund Accounting Director, Investment Management Services, at SEI Investments (July 2021 through August 2023), an Associate Director, Fund Accounting Policy at The Vanguard Group (September 2020 to June 2021), and served in various positions at Ernst & Young LLP (October 2014 through September 2020).   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 a Senior Vice President (since June 2021) and Assistant Secretary (since June 2017) for HFMG. Mr. Phillips also serves as Vice President of HFMC (since June 2021). 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
    
(1) The address for each officer and Director is c/o Hartford Funds 690 Lee Road, Wayne, Pennsylvania 19087.
(2) Term of Office: 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 the Hartford Schroders Private Opportunities Fund and the 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, and Hartford Funds Exchange-Traded Trust.
(4) “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.

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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 portfolio holdings filed as an exhibit to Form N-PORT for the most recent first and third quarter of the Fund’s fiscal year 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 Series Fund, Inc. and Hartford HLS Series Fund II, Inc.
Hartford Balanced HLS Fund
Hartford Capital Appreciation HLS Fund
Hartford Disciplined Equity HLS Fund
Hartford Dividend and Growth HLS Fund
Hartford Healthcare HLS Fund
Hartford International Opportunities HLS Fund
Hartford MidCap HLS Fund
Hartford Small Cap Growth HLS Fund
Hartford Small Company HLS Fund
Hartford Stock HLS Fund
Hartford Total Return Bond HLS Fund
Hartford Ultrashort Bond HLS 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 September 6-7, 2023, the Boards of Directors (collectively, the “Board”) of Hartford Series Fund, Inc. (“HLS”) and Hartford HLS Series Fund II, Inc. (“HLS II”), including the Independent Directors, unanimously voted to approve (i) the continuation of an investment management agreement (the “Management Agreement”) by and between each of HLS and HLS II, on behalf of each of their respective series listed above, and Hartford Funds Management Company, LLC (“HFMC”); and (ii) the continuation of investment sub-advisory agreements (each, a “Sub-Advisory Agreement” and together with the Management Agreement, 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 September 6-7, 2023 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 13-14, 2023 and September 6-7, 2023. 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 13-14, 2023 and September 6-7, 2023 concerning the Agreements and at the special meeting of the Board’s Investment Committee on May 10-11, 2023 concerning Fund-by-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, total expense ratios and investment performance compared to those of an appropriate group of investment companies selected by Broadridge. 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, total expense ratios and investment performance. In addition, the Consultant previously 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 and the Independent Directors were also separately assisted by independent legal counsel. In connection with their deliberations, the Independent Directors met separately with independent legal counsel and the Consultant on June 6, 2023 and in executive session on several occasions to consider their responsibilities under relevant laws and regulations and

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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 6, 2023 and June 13-14, 2023 meetings, the Independent Directors presented HFMC and its affiliates with requests for additional information on certain topics. HFMC responded to these requests with additional information in connection with the September 6-7, 2023 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.
The Board also requested and evaluated information concerning each Adviser’s regulatory and compliance environment. In this regard, the Board reviewed information about each Adviser’s compliance policies and procedures and 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, including the resources devoted by the Advisers in support of the Funds’ obligations pursuant to Rule 38a-1 under the 1940 Act and the Funds’ risk management programs, as well as the efforts of the Advisers to address cybersecurity risks. The Board also considered HFMC’s investments in business continuity planning designed to benefit the Funds. 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.
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 investment advisory and administrative 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 ongoing 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. 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, if any, managed by the Funds’ portfolio management personnel.
In addition, the Board considered HFMC’s overall strategic plan for, and ongoing commitment to review and re-assess, the Hartford funds product line-up. 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, including with respect to environmental, social and/or governance (ESG) investing, to the extent applicable. 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 and HFMC’s oversight of these practices.
The Board considered the benefits to shareholders of investing in a fund that is part of the family of Hartford funds. The Board considered HFMC’s efforts to provide investors in the Hartford funds with a broad range of investment styles and asset classes.

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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 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 and evaluated HFMC’s analysis of each 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 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 the Hartford Capital Appreciation HLS Fund utilizes a multiple sleeve structure whereby each sleeve uses a different investment style and considered the performance attributions of the underlying portfolio 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 as well as any specific actions that the Advisers had taken, or had agreed to take, to seek to enhance Fund investment performance and the results of those actions. The Board also considered the analysis provided by the Consultant relating to each Fund’s performance track record.
Based on these considerations, 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 investment 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 that the Consultant had previously reviewed 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 previously reported that such process is reasonable, sound and consistent with common industry practice. The Board noted that HFMC’s process for calculating and reporting Fund profitability is consistent with the process previously reviewed by the Consultant.
Based on these considerations, the Board concluded that the profits realized by HFMC and its affiliates from their relationships with each Fund were not excessive.
Comparison of Fees and Services Provided by the Advisers
The Board considered comparative information 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

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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 fees and 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 and expense groups.
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 any 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 economies of scale, including 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 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 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 of the Hartford funds in recent years, which has resulted in benefits being realized by shareholders. The Board also noted that, for the Hartford Healthcare HLS 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 considered that the Funds are closed to certain investors.
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, if any, 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 Hartford Administrative Services Company (“HASCO”), the Funds’ transfer agent and an affiliate of HFMC, receives transfer agency compensation from the Funds, and the Board reviewed

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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 available industry data about fees charged by transfer agents to other mutual funds. The Board also noted that HFMC and HASCO had delegated certain fund accounting services and transfer agency services, respectively, to external service providers, subject to oversight.
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.
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 evaluating a Fund’s performance, the Board considered the Fund’s performance relative to similarly managed funds and the Fund’s performance relative to its benchmark. In particular, the Board considered the Fund’s performance of its Class IA shares (net of all fees and expenses), as of March 31, 2023, and compared that performance to the Fund’s peer universe, which includes all funds within the same classification or category, as determined by Broadridge. The Board considered the Fund’s performance relative to its peer universe by evaluating its quintile ranking, with the 1st quintile representing the top performing funds within a peer universe and the 5th quintile representing the lowest performing funds. For purposes of evaluating the Fund’s performance relative to its benchmark, the Board considered the Fund’s performance of its Class IA shares (net of all fees and expenses) as of March 31, 2023. The Board considered Fund performance to be “in line with” a Fund’s benchmark where it was 50 basis points above or below the benchmark return. With respect to fees and expenses, the Board considered the Fund’s contractual management fee, actual management fee, and total operating expenses of its Class IA shares, as compared to the Fund’s expense peer group, which includes a group of similarly sized funds selected by Broadridge.
Hartford Balanced HLS Fund
The Board noted that the Fund’s performance was in the 1st quintile versus its peer 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- 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 and its total expenses were in the 2nd quintile. The Board noted that HFMC had voluntarily agreed to waive a portion of its management fee for the Fund.
Hartford Capital Appreciation HLS Fund
The Board noted that the Fund’s performance was in the 1st quintile versus its peer universe for the 1-year period and the 4th quintile for the 3- and 5-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- and 5-year periods.
The Board noted that the Fund’s contractual management fee, actual management fee, and total expenses were in the 2nd quintile of its expense group.
Hartford Disciplined Equity HLS Fund
The Board noted that the Fund’s performance was in the 4th quintile versus its peer 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-, 3- and 5-year periods. The Board noted upcoming changes to the Fund’s portfolio management team.
The Board noted that the Fund’s contractual management fee, actual management fee and its total expenses were in the 2nd quintile of its expense group.

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

Hartford Dividend and Growth HLS Fund
The Board noted that the Fund’s performance was in the 5th quintile versus its peer universe for the 1-year period, the 2nd 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 in line with its benchmark for the 1-year period, above its benchmark for the 3-year period, and below 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 4th quintile of its expense group and its total expenses were in the 3rd quintile.
Hartford Healthcare HLS Fund
The Board noted that the Fund’s performance was in the 4th quintile versus its peer 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 and its total expenses were in the 2nd quintile, while its actual management fee was in the 4th quintile.
Hartford International Opportunities HLS Fund
The Board noted that the Fund’s performance was in the 4th quintile versus its peer universe for the 1- and 5-year periods 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, above its benchmark for the 3-year period, and in line with its benchmark for the 5-year period. The Board noted upcoming changes to the Fund’s portfolio management team.
The Board noted that the Fund’s contractual management fee, actual management fee and total expenses were in the 1st quintile of its expense group.
Hartford MidCap HLS Fund
The Board noted that the Fund’s performance was in the 4th quintile versus its peer 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 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 2nd quintile of its expense group, while its total expenses were in the 1st quintile.
Hartford Small Cap Growth HLS Fund
The Board noted that the Fund’s performance was in the 3rd quintile versus its peer universe for the 1-year period and the 5th 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 upcoming changes to the Fund’s portfolio management team.
The Board noted that the Fund’s contractual management fee, actual management fee, and total expenses were in the 1st quintile of its expense group.
Hartford Small Company HLS Fund
The Board noted that the Fund’s performance was in the 5th quintile versus its peer universe for the 1-year period, the 4th quintile for the 3-year period, 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-year period and above its benchmark for the 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 total expenses were in the 1st quintile of its expense group, while its actual management fee was in the 2nd quintile.

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Hartford Stock HLS Fund
The Board noted that the Fund’s performance was in the 2nd quintile versus its peer 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- and 5-year periods and below its benchmark for the 3-year period.
The Board noted that the Fund’s contractual management fee and actual management fee were in the 1st quintile while its total expenses were in the 2nd quintile of its expense group.
Hartford Total Return Bond HLS Fund
The Board noted that the Fund’s performance was in the 2nd quintile versus its peer 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 in line with its benchmark for the 1- and 5-year periods and above its benchmark for the 3-year period.
The Board noted that the Fund’s contractual management fee, actual management fee, and its total expenses were in the 3rd quintile of its expense group.
Hartford Ultrashort Bond HLS Fund
The Board noted that the Fund’s performance was in the 2nd quintile versus its peer 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 in line with its benchmark for the 1-, 3- and 5-year periods. The Board noted recent and upcoming changes to the Fund’s portfolio management team.
The Board noted that the Fund’s contractual management fee, actual management fee and total expenses were in the 2nd quintile of its expense group.
  *  *  *   *  
Based upon the review of the factors summarized above, 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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THIS PRIVACY POLICY IS NOT PART OF THIS REPORT
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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, Mail Drop: HO1-09, 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 February 2024), to the extent required by the Gramm-Leach-Bliley Act and implementing regulations:
1stAGChoice, Inc.; Access CoverageCorp, Inc.; Access CoverageCorp Technologies, Inc.; Business Management Group, Inc.; 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 (Asia) Limited; Hartford Casualty General Agency, Inc.; Hartford Casualty Insurance Company; Hartford Corporate Underwriters Limited; 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 Management (UK) Limited; Hartford Productivity Services LLC; Hartford of the Southeast General Agency, Inc.; 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; Hartford Underwriting Agency Limited; Heritage Holdings, Inc.; Heritage Reinsurance Company, Ltd.; HLA 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 Holdings (UK) Limited; Navigators Insurance Company; Navigators Management Company, Inc.; Navigators Specialty Insurance Company; 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 February 2024


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Series of Hartford Series Fund, Inc. and Hartford HLS Series Fund II, Inc. (each a “Fund” and collectively, the “Funds”) are not subsidiaries of The Hartford Financial Services Group, Inc. (“The Hartford”) but are underwritten, distributed by and advised by subsidiaries of The Hartford. Investments in the Funds are not guaranteed by The Hartford or any other entity.
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.
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 a Fund’s investment objectives, risks, charges and expenses. This and other important information is contained in the 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.
HLSAR23    02/24     Printed in the U.S.A.


(b) Not applicable

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:

$274,352 for the fiscal year ended December 31, 2022; $314,046 for the fiscal year ended December 31, 2023.

 

  (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:

$0 for the fiscal year ended December 31, 2022; $0 for the fiscal year ended December 31, 2023.

 

  (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:

$50,677 for the fiscal year ended December 31, 2022; $50,677 for the fiscal year ended December 31, 2023. Tax-related services were principally in connection with, but not limited to, general tax services and excise tax services.

 

  (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:

$946 for the fiscal year ended December 31, 2022; $846 for the fiscal year ended December 31, 2023. These fees were principally in connection with, but not limited to, general audit related products and services and an accounting research tool subscription.


  (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 summarizes the pre-approval requirements under the Policy.

 

  a)

The Audit Committee must pre-approve all audit services and non-audit services that the independent registered public accounting firm provides to the Fund.

 

  b)

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.

 

  c)

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.

 

  d)

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)

None of the hours expended on the principal accountant’s engagement to audit the registrant’s financial statements for the year ended December 31, 2023, were attributed to work performed by persons other than the principal accountant’s full-time, permanent employees.

 

  (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:

The aggregate non-audit fees billed by the registrant’s accountant for services rendered to the registrant: $51,623 for the fiscal year ended December 31, 2022; $51,523 for the fiscal year ended December 31, 2023.

The aggregate non-audit fees billed by the registrant’s accountant for services 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 was $120,925 for the fiscal year ended December 31, 2022 and $121,199 for the fiscal year ended December 31, 2023.

 

  (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.

 

  (i)

Not applicable.

 

  (j)

Not applicable.

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 the shareholders may recommend nominees to the registrant’s board of directors, where those changes were implemented after the registrant last provided disclosure in response to the requirements of Item 407(c)(2)(iv) of Regulation S-K (17 CFR 229.407) (as required by Item 22(b)(15) of Schedule 14A (17 CFR 240.14a-101)), or this Item.

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 are 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.

 

    HARTFORD SERIES FUND, INC.

Date: February 23, 2024

    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: February 23, 2024     By:   /s/ James E. Davey
      James E. Davey
      President and Chief Executive Officer
Date: February 23, 2024     By:   /s/ Ankit Puri
      Ankit Puri
      Treasurer
      (Principal Financial Officer and Principal Accounting Officer)